Slide 1: One Company. Endless Possibilities – First half 2024 results
One Company. Endless Possibilities CONFERENCE CALL First half 2024 results August 2, 2024
Slide 2: Presenting team
Presenting team Valerie Diele-Braun Hans Kooijmans CEO CFO 2
Slide 3: Agenda
1 Company profile 2 Highlights first half 2024 3 Financials first half 2024 4 Outlook 5 Q&A 3
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 2024
Company Highlights first Financials first Outlook Q&A profile half 2024 half 2024 5
Slide 6: Highlights first half 2024
Highlights first half 2024 Gross profit • Gross profit increase of 4% to EUR 607 million (+5% on a constant currency basis) Operating EBITA • Operating EBITA decline of 4% to EUR 270 million (-2% on a constant currency basis) Free cash flow • Free cash flow of EUR 221 million (first half of 2023: EU
Slide 7: Highlights YTD 2024 – M&A
Highlights YTD 2024 – M&A EMEA • On 26 March 2024, IMCD acquired 100% of the shares of Gova Ingredients, a distributor for the beauty and personal care market in the Benelux. • On 17 July 2024, IMCD acquired 100% of the shares of Cobapharma”), a Spanish distributor in the pharmaceutical and nutraceu
Slide 8: Highlights YTD 2024 – M&A
Highlights YTD 2024 – M&A ASIA PACIFIC • On 9 January 2024, IMCD acquired 70% of the shares of Valuetree to expand its beauty and personal care footprint in India. • On 1 February 2024, IMCD acquired the lubricant additives distribution business of RBD in China. • On 22 February 2024, IMCD acquired
Slide 9: Financials first half 2024
Company Highlights first Financials first Outlook Q&A profile half 2024 half 2024 9
Slide 10: Key figures
Financials first half 2024 Key figures Jan.1 - June. 30 Jan.1 - June. 30 Change Change % Fx adj. Change 2024 2023 EUR million Revenue 2,385 2,287 98 4% 5% Gross profit 607 583 24 4% 5% Gross profit as a % of revenue 25.4% 25.5% (0.1%) Operating EBITA 270 280 (10) (4%) (2%) Operating EBITA as a % of
Slide 11: Income statement
Financials first half 2024 Income statement Asia Holding EUR million EMEA Americas Pacific companies Total Gross profit YTD Q2 2024 286 180 140 607 YTD Q2 2023 275 179 128 583 organic growth 1% (6%) (2%) (2%) acquisition growth 5% 6% 14% 7% currency impact (2%) 1% (3%) (1%) Operating EBITA YTD Q2 20
Slide 12: Income statement (continued)
Financials first half 2024 Income statement (continued) Jan.1 - June. 30 Jan.1 - June. 30 fx adj. change change EUR million 2024 2023 change Operating EBITA 270 280 (10) (4%) (2%) Net finance costs (27) (26) Income tax expenses (57) (66) Net result before amortísation/non recurring 186 189 (3) (1%)
Slide 13: Balance Sheet
Financials first half 2024 Balance Sheet 30 June 2024 31 December 2023 30 June 2023 EUR million Property, plant and equipment 42 36 31 Right-of-use assets 109 100 86 Intangible assets 2,504 2,260 2,111 Other fin. assets/def tax assets 50 50 46 Working capital 843 764 833 Provisions/employee benefits
Slide 14: Working capital
Financials first half 2024 Working capital 30 June 2024 31 December 2023 30 June 2023 EUR million Inventories 642 581 633 in days of revenue* 48 46 49 Trade and other receivables 915 732 825 in days of revenue* 69 58 64 Trade payables (554) (391) (467) in days of revenue* (42) (31) (36) Other payabl
Slide 15: Net debt
Financials first half 2024 Net debt 30 June EUR million 30 June 2024 31 December 2023 change Loans and borrowings long term 1.240 1.250 (10) maturity profile as of 30 June 2024 (x EUR million) Loans and borrowings short term 0 0 0 700 600 Short term financial liabilities 573 430 143 500 400 Cash and
Slide 16: Free cash flow
Financials first half 2024 Free cash flow Jan.1 - June. 30 Jan.1 - June. 30 Change Change % 2024 2023 EUR million Operating EBITA 270 280 (10) (4%) Depreciation 20 15 5 Operating EBITDA 290 296 (6) (2%) Share based payments 2 2 0 IAS 17 lease payments (15) (13) (2) Adjusted operating EBITDA 276 286
Slide 17: Outlook
Company Highlights first Financials first Outlook Q&A profile half 2024 half 2024 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 2024 half 2024 19
Slide 20: Disclaimer
Disclaimer This presentation may contain forward looking statements. These statements are based on current expectations, estimates and projections of IMCD’s management and information currently available to the company. IMCD cautions that such statements contain elements of risk and uncertainties th
Slide 21: One company. Endless possibilities
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