Dsm-firmenich Ag · EURONEXT:DSFIR
Dsm-firmenich — Investor Day (June 2024)
21 slides from Dsm-firmenich's investor day presentation, Jun 3, 2024
Slide 1: Capital Markets Day: Health, Nutrition & Care
PARIS, JUNE 3 , 2024 RD Capital Markets Day Health, Nutrition & Care Philip Eykerman President HNC
Slide 2: Preventative health matters. Now, more than ever.
HEALTH, NUTRITION & CARE Preventative health matters. Now, more than ever. Four macro-trends are fueling growing needs for specialized, preventative health solutions Gap between Self-care & Sustainable & New players healthspan and preventative evidence-based with different lifespan health solutions
Slide 3: Together, keeping the world's growing population healthy!
HEALTH, NUTRITION & CARE Together, keeping the world’s growing Preventative health Science-backed enjoyable population Essential solutions Desirable healthy! Better for people & planet Sustainable 2
Slide 4: HNC plays across fundamentally attractive, specialized segments within the preventative health space
HEALTH, NUTRITION & CARE HNC plays across fundamentally attractive, specialized segments within the preventative health space % of total sales (~€2.3 bn in 2023) Early Life Dietary Medical Nutritional Nutrition Supplements Pharma Nutrition Improvement i-Health Biomedical ~20% ~30% ~15% ~5% ~5% ~15%
Slide 5: Our unique business model enables us to win at scale
HEALTH, NUTRITION & CARE Our unique business model enables us to win at scale Hero ingredients toolbox Customer proximity With clinically-proven health Extensive future trends & local insights, human benefits translational science and regulatory know-how Creation across all geographies & application
Slide 6: HNC has a strong underlying growth and margin profile that was exceptionally challenged in 2023
HEALTH, NUTRITION & CARE HNC has a strong underlying growth and margin profile that was exceptionally challenged in 2023 Strong underlying growth/margin profile … … exceptionally challenging 2023 Volume effect (2019 = 100) Adj. EBITDA margin, % Declining sales in ~1-2% 21-23% Dietary Supplements aft
Slide 7: We have taken swift action to address the situation and drive growth
HEALTH, NUTRITION & CARE We have taken swift action to address the situation and drive growth Accelerate Grow Improve to Grow High Deprioritize Veramaris Nutrition Improvement i-Health Medical Biomedical Dietary Nutrition Market growth Supplements Differentiated Vitamins Marine Lipids Pharma Early L
Slide 8: Consumer-driven, science-based transition to a broader portfolio of differentiated hero ingredients
HEALTH, NUTRITION & CARE Consumer-driven, science-based transition to a broader portfolio of differentiated hero ingredients with proven health benefits Expanding Increasing Driving health benefits differentiation sustainability Stage 1 Infant nutrition COMFORT PRO N U T R I M O B I C A R E C A R E
Slide 9: With our merged creation & application strengths, we are uniquely positioned to be the innovation and solution partner
HEALTH, NUTRITION & CARE With our merged creation & application strengths, we are uniquely positioned to be the innovation and solution partner to our customers Hero ingredients having synergetic effects + Special forms uniquely fitting enticing, convenient & “good for me” formats (e.g., powders, gu
Slide 10: We give our customers the power of differentiation
HEALTH, NUTRITION & CARE We give our customers the power of differentiation … substantiating our pipeline Prototype examples … of revenue synergies Health benefit Hero ingredient Format Brain health Gut health Gut health Q2’23 Q3’23 Q4’23 Q1’24 Algal omega + Postbiotic Biotic vitamin + Bi-weekly tra
Slide 11: Customer-centric set-up, global reach, strong position with regional players and market access capabilities
HEALTH, NUTRITION & CARE Customer-centric set-up, global reach, strong position with regional players and market access capabilities provide strong platform for growth Share of sales Customer profile Market access 50% 20% Americas Asia 30% 70% Regional players as sales from No. 1 share of sales deve
Slide 12: Business model supports segment-specific, differentiated strategies
HEALTH, NUTRITION & CARE Business model supports segment-specific, differentiated strategies Early Dietary Life Nutrition Supplements i-Health Pharma Strategic • Premiumization • Differentiated • Window into dietary • Portfolio priorities via innovation solutions for supplements market and applicati
Slide 13: Summary: Our strategic priorities will drive value creation
HEALTH, NUTRITION & CARE Summary: ... will drive value creation in Our strategic priorities ... line with the Group’s mid-term ambition Create performance uplift 01 (non-differentiated base vitamins Organic sales growth, % 4-6% and marine lipids) 1% 1% ~4% Fully establish HNC’s winning 02 business m
Slide 14: Together, keeping the world's growing population healthy!
HEALTH, NUTRITION & CARE Together, keeping the world’s growing Preventative health Science-backed enjoyable population Essential solutions Desirable healthy! Better for people & planet Sustainable 13
Slide 15: Annex: Fact slides
HEALTH, NUTRITION & CARE ANNEX Fact slides … and see you at the HNC Experience Room 14
Slide 16: Health, Nutrition & Care at a glance
HEALTH, NUTRITION & CARE Health, Nutrition & Care at a glance 2.3 bn 4-6% 21-23% € Revenues1 Organic Sales Growth 2 Adjusted EBITDA Margin 2 >4,500 70+ Health & Nutrition Professionals locations 10 ingredient production sites, 14 premix sites, 6 application labs 3 Keeping the World’s Growing Populat
Slide 17: Global Presence
HEALTH, NUTRITION & CARE Global Presence HNC €2.3 bn Sales by destination (%) EMEA China APAC North America Latin America 10 ingredient production sites & 14 premix sites +6 application centers supported by >4,500 Health & Nutrition professionals 16 16
Slide 18: Key products
HEALTH, NUTRITION & CARE Key products ANH €3.2bn Vitamins Carotenoids Lipids – Omegas 2023 Sales by Product (%) * Broadest range of vitamins, which Natural source & natural-based We are the global leader in are essential ingredients required beta-carotene, lutein, zeaxanthin; nutritional lipids (ARA
Slide 19: End-Markets
HEALTH, NUTRITION & CARE End-Markets Early Life Nutrition Dietary Supplements Pharma/ Med. Nutrition With dsm-firmenich, it’s possible Inspire consumers to rethink Our process begins and ends to develop safe and efficacious health through science-backed, with consumers. We help solutions that suppor
Slide 20: Forward-looking statements disclaimer
This presentation contains forward-looking statements with respect to dsm-firmenich’s future (financial) performance and position. Such statements are based on current expectations, estimates and projections of dsm-firmenich and information currently available to the company. dsm-firmenich cautions
Slide 21: We bring progress to life
HEALTH, NUTRITION & CARE … and see you at the HNC ExperienceWe bring progress to life Room