Slide 1: One Company. Endless Possibilities
One Company. Endless Possibilities CONFERENCE CALL First HY 2023 results 4 August 2023
Slide 2: Presenting team
Presenting team Led the formation of IMCD since 1995 Joined IMCD in 1996 Designed and executed IMCD’s strategy Co-led formation of IMCD 28 years of industry experience 27 years of industry experience 2
Slide 3: Agenda
1 Company profile 2 Highlights first half year 2023 3 Financials first half year 2023 4 Outlook 5 Q&A
Slide 4: Profile
Profile IMCD is a market leader in the sales, marketing and distribution of speciality chemicals and ingredients Highlights: ● Formulatory and solutions provider ● Comprehensive and complementary product portfolio ● Multi-territory distribution management in EMEA, Asia-Pacific and Americas ● Headqua
Slide 5: Highlights first half year 2023
Company Highlights first Financials first Outlook Q&A profile half year 2023 half year 2023 5
Slide 6: Highlights first half year 2023
Highlights first half year 2023 Gross profit: Gross profit of EUR 583 million (+2% on a constant currency basis) showed resilience of IMCD’s business model Operating EBITA Operating EBITA decrease of 6% to EUR 280 million (-3% on a constant currency basis) Net Result Net result decrease of 14% to EU
Slide 7: Highlights first half year 2023 – Acquisitions YTD
Highlights first half year 2023 – Acquisitions YTD EMEA ● Orange Chemicals Ltd, a distributor of performance Chemicals throughout the UK and Ireland (February 2023) ● ACM AB, a distributor of minerals and chemicals based in Sweden (April 2023) ● Acquisition of the distribution business of Tagra Biot
Slide 8: Highlights first half year 2023 – Acquisitions YTD
Highlights first half year 2023 – Acquisitions YTD APAC ● Acquisition of Shanghai Sanrise Industries & Development Co., Ltd., one of the leading distributors in the personal care markets in China (March 2023) ● Acquisition of Tradeimpex Polymers (India) Private Limited, a distributor of high-perform
Slide 9: Financials first half year 2023
Company Highlights first Financials first Outlook Q&A profile half year 2023 half year 2023 9
Slide 10: Financials first half year 2023 – Key figures
Financials first half year 2023 Key figures Jan.1 - June. 30 Jan.1 - June. 30 Change Change % Fx adj. Change EUR million 2023 2022 Revenue 2,287 2,318 (31) (1%) 1% Gross profit 583 584 (2) 0% 2% Gross profit as a % of revenue 25.5% 25.2% 0.3% Operating EBITA 280 297 (17) (6%) (3%) Operating EBITA as
Slide 11: Income statement by region
Financials first half year 2023 Income statement Asia Holding EUR million EMEA Americas Pacific companies Total Gross profit YTD 2023 275 179 128 583 YTD 2022 280 184 120 584 ∆ reported (2%) (3%) 7% 0% ∆ constant currency 1% (3%) 13% 2% Gross profit as a % of revenue YTD 2023 27,3% 24,2% 23,8% 25,5%
Slide 12: Income statement (continued)
Financials first half year 2023 Income statement (continued) Jan.1 - June. 30 Jan.1 - June. 30 fx adj. change change EUR million 2023 2022 change Operating EBITA 280 297 (17) (6%) (3%) Net finance costs (26) (8) Income tax expenses (66) (72) Net result before amortísation/non 189 216 (27) (13%) (10%
Slide 13: Balance Sheet
Financials first half year 2023 Balance Sheet 30 June 2023 31 December 2022 30 June 2022 EUR million Property, plant and equipment 31 30 32 Right-of-use assets 86 83 78 Intangible assets 2,111 1,941 1,936 Other fin. assets/def tax assets 46 43 36 Working capital 833 770 833 Provisions/employee benef
Slide 14: Working capital
Financials first half year 2023 Working capital 30 June 2023 31 December 2022 30 June 2022 EUR million Inventories 633 622 646 in days of revenue* 49 48 50 Trade and other receivables 825 702 857 in days of revenue* 64 54 66 Trade payables (467) (389) (509) in days of revenue* (36) (30) (39) Other p
Slide 15: Net debt
Financials first half year 2023 Net debt 30 June 2023 30 June 2023 31 December 2022 change EUR million Loans and borrowings long term 777 913 (136) Loans and borrowings short term 40 40 0 Short term financial liabilities 671 296 375 Cash and cash equivalents (220) (222) 2 Net Debt 1,268 1,027 241 Ne
Slide 16: Free cash flow
Financials first half year 2023 Free cash flow Jan.1 - June. 30 Jan.1 - June. 30 Change Change % EUR million 2023 2022 Operating EBITA 280 297 (17) (6%) Depreciation 15 15 1 Operating EBITDA 296 312 (16) (5%) Share based payments 2 3 0 IAS 17 lease payments (13) (12) (1) Adjusted operating EBITDA 28
Slide 17: Outlook
Company Highlights first Financials first Outlook Q&A profile half year 2023 half year 2023 17
Slide 18: Outlook
Outlook IMCD operates in different, often fragmented market segments in multiple geographic regions, connecting many customers and suppliers across a very diverse product range. In general, results are impacted by macroeconomic conditions and developments in specific industries. Results can be influ
Slide 19: Q&A
Company Highlights first Financials first Outlook Q&A profile half year 2023 half year 2023 19
Slide 20: Disclaimer
Disclaimer The content in this presentation is provided to you by IMCD N.V. (“IMCD”) and intended for your personal information only. All information appearing herein is based on our present knowledge and experience (“as is”) and IMCD makes no representations as to its accuracy or sufficiency. To th
Slide 21: One company. Endless possibilities
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