Syensqo Sa/nv · EURONEXT:SYENS
Syensqo Sa/nv — Q1 2024 Earnings Presentation
11 slides from Syensqo Sa/nv's earnings presentation, May 16, 2024
Slide 1: First Quarter 2024 Results
First Quarter 2024 Results Dr. ILHAM KADRI ● Improved year-on-year volume Chief Executive Officer momentum in Q1 ● Underlying EBITDA of €363 million with strong sequential margin improvement to 22.3% ● Full year 2024 outlook reiterated CHRISTOPHER DAVIS Chief Financial Officer May 16, 2024
Slide 2: Over 71% of our explorers responded to the latest Pulse survey
Over 71% of our explorers – highest participation rate in 3 years– responded to the latest Pulse survey. 91% have a favorable view 95% of respondents feel like of being included they’re treated with respect at work
Slide 3: First Quarter 2024 Highlights
First Quarter 2024 Highlights NET GROSS SALES PROFIT ■ Improved volume momentum € 1.62bn € 583mn ■ Underlying EBITDA in-line with -2% volumes 35.9% margin -6% pricing expectations ■ Strong sequential margin improvement EBITDA LEVERAGE ■ 89% cash conversion[1] RATIO ■ Net debt reduced to €1.5bn € 363
Slide 4: First Quarter 2024 Segment Highlights
First Quarter 2024 Segment Highlights CONSUMER & RESOURCES ■ Improved momentum in most end markets, MATERIALS esp. Construction, HPC and Industrial applications ■ Strong YoY growth in Composite Materials; Aero and defence up double digits ■ Balancing price/volume to maximise value ■ YoY decline in S
Slide 5: Reiterated FY 2024 Outlook
Reiterated FY 2024 Outlook Comments ● €50-100 million net pricing reduction EBITDA[3] € 1.4 - 1.55 ● Dissynergies (~€30 million) in 2024 related to separation ● R&I and IT investments, cost saving initiatives billion Q2 2024: Positive momentum set to continue, aligned with current consensus expectat
Slide 6: Groundbreaking of future PVDF facility in Augusta, Georgia
Groundbreaking of future PVDF facility in Augusta, Georgia April 25, 2024 ● Tom Perez, White House Senior Advisor, ● Ilham Kadri, CEO of Syensqo ● Giulia Siccardo, Director of the DOE Manufacturing & Energy Supply Chains 6
Slide 7: Acquisition of specialty dermo cosmetics solutions supplier JinYoung Bio
Acquisition of specialty dermo cosmetics solutions supplier JinYoung Bio ■ Privately owned biotech and cosmetic ingredient supplier PRODUCTS ■ Based in South Korea Ceramides Emollients ■ with attractive product portfolio and technology mastery Oil gelling agents Liquid crystal Amino acid texturizing
Slide 8: Recent announcements
Recent announcements Member of Launch of Launch of Extension of EuropaBio Rhodoline® HBR AeroPaste® 1003 Ajedium™ range joining forces with specialty coating next-generation new films range key industry additive enabling paste adhesive enhancing electric players to shape the phase-out of increasing
Slide 9: Innovation and One Planet Roadmap
INNOVATION ONE PLANET Inauguration of new ROADMAP Application Development First Syensqo site to reach Lab in Bollate carbon neutrality 9
Slide 10: CEFIC Presidency: calling EU leaders for the future of industry in Europe
CEFIC PRESIDENCY: calling EU leaders for the future of industry in Europe
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