Holland Colours Nv · EURONEXT:HOLCO
Holland Colours Nv — Shareholder Meeting (July 2020)
39 slides from Holland Colours Nv's shareholder meeting presentation, Jul 16, 2020
Slide 1: Annual General Meeting of Shareholders
ANNUAL GENERAL MEETING OF SHAREHOLDERS July 16, 2020 COLORING YOUR SUCCESS 11
Slide 2: Our Mission
OUR MISSION To be our customers’ co-designer of color and functional To be solutions recognized as a contributor to the development of a sustainable industry 22
Slide 3: Agenda (1-5)
AGENDA (1-5) 1. Opening and explanation of the COVID-19 situation 2. Report of the Board of Management on the financial year 2019/2020 3. Financial Statements 2019/2020 a. Advisory vote regarding the remuneration report financial year 2019/2020 (advisory vote) b. Adoption of the financial statements
Slide 4: Agenda (6-10)
AGENDA (6-10) 6. Discharge to the Board of Management (voting item) 7. Discharge to the Supervisory Board (voting item) 8. Statutory Board of Management Appointment of Mrs. T.A.J.M. van Dinteren as statutory director (voting item) 9. Update strategy Holland Colours Group 10. Remuneration a. Adoption
Slide 5: Agenda (11-14)
AGENDA (11-14) 11. Appointment of the external auditor (voting item) 12. Authorization to the Board of Management, subject to the approval of the Supervisory Board, to acquire ordinary shares in the Company on behalf of the Company (voting item) 13. Any other business 14. Closure 55
Slide 6: Opening and Explanation of the COVID-19 Situation
1. OPENING AND EXPLANATION OF THE COVID-19 SITUATION 6
Slide 7: Report of the Board of Management on the Financial Year 2019/2020
2. REPORT OF THE BOARD OF MANAGEMENT ON THE FINANCIAL YEAR 2019/2020 7
Slide 8: Market Dynamics
REPORT OF THE BOARD OF MANAGEMENT MARKET DYNAMICS • COVID-19 impact on revenue limited in 4th quarter 2019/2020, except China export • End of March 2020 order intake starts to slow down, recovery of export to China in March 2020 • Asia: continued increased demand for UHT dairy, China again biggest i
Slide 9: Revenue: € 101.5 Million
REPORT OF THE BOARD OF MANAGEMENT REVENUE: € 101.5 MILLION (90.9 MILLION PREVIOUS YEAR • Volume growth in all divisions and segments: successful customer projects • Availability some raw materials point of concern, market prices at high levels • Sales prices of various products increased because due
Slide 10: Developments
REPORT OF THE BOARD OF MANAGEMENT DEVELOPMENTS • More concrete attention and effort for improvement of safety • Developments Corporate Social Responsibility (CSR) positive • New CFO • Division teams further strengthened (Technology Americas, Finance Europe, Head of division Europe, Sales Asia) • Str
Slide 11: KPI's and Realisation
REPORT OF THE BOARD OF MANAGEMENT KPI’S AND REALISATION 2019/2020 2018/2019 Sustainable revenue growth +12.0% + 8.9% ROS > 10% 10.6% 9.6% ROI > 15% 27.0% 24.0% Zero accidents 2 1 Innovatie index > 10% 14.6% 16.6% Solvability > 60% 74.5% 72.3% 11
Slide 12: Outlook 2020/2021
REPORT OF THE BOARD OF MANAGEMENT OUTLOOK 2020/2021 • COVID-19 related uncertainty: global recession and lower market demand, international transportation, availability of some raw materials, government regulations (including (renewed) lockdowns) • Restrictive policy on expenditures and investments
Slide 13: Financial Results 2019/2020
FINANCIAL RESULTS 2019/2020 COLORING YOUR SUCCESS 13 13
Slide 14: Holland Colours Group: Key Figures
FINANCIAL RESULTS 2019/2020 HOLLAND COLOURS GROUP: KEY FIGURES In million euros +12% +23% +9% +30% +14% +7% +8% +13% +3% • € 5.3 margin improvement • € 3.3 cost increase 14
Slide 15: Division Europe
FINANCIAL RESULTS 2019/2020 DIVISION EUROPE In million euros • Revenue and margin growth continues • Modest increase in costs 15
Slide 16: Division Americas
FINANCIAL RESULTS 2019/2020 DIVISION AMERICAS In million USD • Revenue growth by specific customer projects • Limited recovery of the Building & Construction market 16
Slide 17: Division Asia
FINANCIAL RESULTS 2019/2020 DIVISION ASIA In million USD • Volume growth in Packaging segment • Cost increase to realize growth 17
Slide 18: Net Cashflow Positive
FINANCIAL RESULTS 2019 / 2020 NET CASHFLOW POSITIVE • Increase of operating result (€ 10.8 million versus € 8.8 million last year) • Operating Working Capital increased due to ongoing shortages of raw materials and higher revenue (€ 21.3 million versus € 19.4 million last year) • Capex investments h
Slide 19: Financial Statements 2019/2020
3. FINANCIAL STATEMENTS 2019/2020 a. Advisory vote regarding the remuneration report financial year 2019/2020 (advisory vote) b. Adoption of the financial statements 2019/2020 (voting item) 19
Slide 20: Reserves and Dividend Policy
4. RESERVES AND DIVIDEND POLICY 20
Slide 21: Adoption of the Appropriation of the Profit
5. ADOPTION OF THE APPROPRIATION OF THE PROFIT (voting item) 21
Slide 22: Discharge to the Board of Management
6. DISCHARGE TO THE BOARD OF MANAGEMENT (voting item) 22
Slide 23: Discharge to the Supervisory Board
7. DISCHARGE TO THE SUPERVISORY BOARD (voting item) 23
Slide 24: Statutory Board
8. STATUTORY BOARD Appointment of Mrs. T.A.J.M. van Dinteren as statutory director (voting item) 24
Slide 25: Update Strategy Holland Colours Group
9. UPDATE STRATEGY HOLLAND COLOURS GROUP 25
Slide 26: Our Mission
OUR MISSION Our Brand Our Differentiators Coloring Your Success • We develop existing and new customer relationships into design Our Core Values partnerships • We do not compromise on regulatory compliance and we maintain • Teamwork the highest quality standards • Accountability • We continuously bu
Slide 27: Our Strategic Goals
OUR STRATEGIC GOALS Focus on current and related product / market segments • Extending and protecting global market positions in Packaging • Extending and protecting global market positions in Building & Construction • Extending market positions in Coatings and Sealants, primarily in EMEA 27
Slide 28: The Choices We Made
THE CHOICES WE Target & Initiative Management MADE Grow core Geographic focus Portfolio expansion REVENUE GROWTH Commercial excellence Operational excellence CONTINUOUS IMPROVEMENT People excellence Innovation excellence 28 28
Slide 29: Strategic Roadmap: 'Growing Together 2023'
STRATEGIC ROADMAP: ‘GROWING TOGETHER 2023’ STRATEGY UNCHANGED, SOME TEMPORIZATION DUE TO COVID-19 Revenue growth • Managing and closing new customer projects successfully • Innovation and product/application development (co-design): a.o. recycling, additives Continuous improvement • Introducing busi
Slide 30: Our Overall Objectives
OUR OVERALL OBJECTIVES KPI’S • Zero safety incidents • Innovation index above 10% • Continued revenue growth • Return on sales of at least 10% • Return on investment of at least 15% • Debt as % of balance sheet total below 40% 30
Slide 31: Remuneration
10. REMUNERATION a. Adoption of the remuneration policy of the Board of Management (voting item) b. Adoption of the remuneration policy of the Supervisory Board (voting item) 31
Slide 32: Appointment of the External Auditor
11. APPOINTMENT OF THE EXTERNAL AUDITOR (voting item) 32
Slide 33: Authorization to the Board of Management
12. AUTHORIZATION TO THE BOARD OF MANAGEMENT Subject to the approval of the Supervisory Board, to acquire ordinary shares in the Company on behalf of the Company (ter stemming) 33
Slide 34: Voting Results
VOTING RESULTS Nr Agenda item Outcome 3a. Advisory vote regarding the remuneration report financial year Positive advice 2019/2020 3b. Adoption of the financial statements 2019/2020 Approved 5. Adoption of the appropriation of the profit Approved 6. Discharge to the Board of Management Approved 7. D
Slide 35: Voting Results
VOTING RESULTS Nr Agenda item Outcome 8. Appointment of Mrs. T.A.J.M. van Dinteren as Statutory Director Approved 10a. Adoption of the remuneration policy of the Board of Management Approved 10b. Adoption of the remuneration policy of the Supervisory Board Approved 11. Appointment of the external au
Slide 36: Any Other Business
13. ANY OTHER BUSINESS 36
Slide 37: Closure
own 14. =—— CLOSURE HOLLAND COLOURS
Slide 38: Our Core Values
OUR CORE VALUES TEAMWORK PRO-ACTIVENESS ACCOUNTABILITY COMPETENCE RESPONSIBILITY 38 38
Slide 39: Thank You for Your Attention
THANK YOU FOR YOUR ATTENTION! 39 39