Dsm-firmenich Ag · EURONEXT:DSFIR
Dsm-firmenich — Royal DSM — Shareholder Meeting (May 2020)
27 slides from Dsm-firmenich's shareholder meeting presentation, May 8, 2020
Slide 1: Annual Results 2019
Annual Results 2019 Annual General Meeting - 8 May 2020 Geraldine Matchett & Dimitri de Vreeze Co-CEOs of Royal DSM
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Slide 3: Contents
Contents • DSM’s Strategy • 2019 – Highlights • 2019 – Progress with our businesses • Q1 2020 3
Slide 4: Our Strategy: Growth & Value – Purpose-led, Performance driven
Our Strategy: Growth & Value – Purpose-led, Performance driven Purpose drives growth opportunities Our competences provide growth creating a with targets that and purpose... opportunities in growth company... underpin our purpose. the focus domains... Our key competences + A science-based company Co
Slide 5: Strategy well aligned with sustainable development goals
Strategy well aligned with sustainable development goals Nutrition & Health Climate & Energy Resources & Circularity Please see DSM’s Integrated Annual Report 2019 for definitions and additional information 5
Slide 6: Committed to our responsibilities to society
Committed to our responsibilities to society 6
Slide 7: 2019 – Highlights
2019 – Highlights 7
Slide 8: 2019 Highlights: another good year
2019 Highlights: another good year Achieving our key mile stones in the first year of Strategy 2021 • The year 2019 was again a record year for DSM. The hard work and engagement of our employees delivered good results, in a not so easy economic, as well as (geo)political and societal, context Net Sa
Slide 9: Outperformed key financial targets over last 4 years (2016-2019)
Outperformed key financial targets over last 4 years (2016-2019) 1. 2016-2019 numbers. Excluding IFRS 16 impact in 2019 9
Slide 10: With decisive progress in our sustainability leadership
With decisive progress in our sustainability leadership ~17% 2.3% 50% 74% 0.28 20% 63% Realization 2019 GHG Energy Employee Safety Purchased Brighter structural efficiency engagement Frequency Female renewable Living improvement improvement favorable Recordable executives electricity Solutions (vs.
Slide 11: A purpose-led strategy comes with recognition
A purpose-led strategy comes with recognition • Best UN Sustainable Development Goals Award at the Sustainable Business Awards Singapore • Forbes Global 2000: the World's Best Employers • Listed in inaugural Financial Times Diversity Leaders, a ranking on companies in 10 European countries on a dive
Slide 12: At DSM, Sustainability drives shareholder value creation
At DSM, Sustainability drives shareholder value creation Share price (rebased to DSM shareprice) Total dividend further increased 12
Slide 13: Good progress in our businesses & innovation programs
Good progress in our businesses & innovation programs 13
Slide 14: 2019 Business highlights Nutrition
2019 Business highlights Nutrition • Overall, Nutrition delivered a good top-line growth of 5% in 2019, with an organic growth of 2% driven by higher volumes and an overall stable price/mix effect Sales of €6,028m, up 5% – solid top line growth Animal Nutrition (2% organically) – strong results in P
Slide 15: Business highlights Animal Nutrition
Business highlights Animal Nutrition • Sales were strong for all species and in all regions, except for sales to the swine business in China and South-East Asia which were impacted by the ASF Sales of €2,892m, up 5% (4% organically) Both prices and volumes up 2% • Continued good growth – 4% organica
Slide 16: Business highlights Human Nutrition
Business highlights Human Nutrition • Human Nutrition & Health delivered 3% sales growth and -1% organic growth, against a tough comparison of Sales of €2,046m, up 3% 7% organic growth in 2018, in increasingly challenging (1% down organically) end-markets in the second half of 2019 Volumes were up 2
Slide 17: Business highlights “Other” Nutrition
Business highlights “Other” Nutrition Food Specialties: • Sales were 17% higher versus 2018, resulting from 4% organic growth, 12% from the consolidation of Andre Pectin Food Specialties’ Sales of • All major business lines performed well, with especially €572m, up 17% good sales growth in cultures
Slide 18: 2019 Business highlights Materials
2019 Business highlights Materials • Materials continued its ongoing transformation into a high- growth, higher-margin specialty business, focused on Improved Health & Living, Green Products & Applications Sales: €2.746 million and New Mobility & Connectivity down 6% • Materials reported minus 8% or
Slide 19: 2019 Business highlights Materials
2019 Business highlights Materials • Engineering Plastics reported minus 10% organic growth and saw persistent softness in China and in the global automotive segment. Electrical & Electronics saw some signs of Sales Engineering Plastics: improvement in the second half. Business conditions in other €
Slide 20: 2020 Q1 Highlights
2020 Q1 Highlights 20
Slide 21: Covid-19 Health & Safety is top priority
Covid-19 Health & Safety is top priority DSM’s long-standing priority has been the health, safety and well-being of its employees and partners, and this remains especially true during the COVID-19 pandemic very early actions including working from home, restrictions on travel, stringent hygiene
Slide 22: Highlights Q1 2020
Highlights Q1 2020 DSM reports a solid quarter Early actions on COVID-19 ensured continuity of operations and supply to customers Group sales and Adjusted EBITDA stable Nutrition: sales +4%, organic sales +2%, Adjusted EBITDA +3% Materials: sales -8%, volumes -6%, Adjusted EBITDA -7% Adj
Slide 23: Glycom acquisition completed
Glycom acquisition completed Welcome to the family World’s only fully-integrated Human Milk Oligosaccharides (HMO) supplier HMOs are essential for the development of immunity, cognitive and digestive functions and therefore key in Early Life Nutrition Newest technology platform in Early Life N
Slide 24: Taking our Responsibility towards society
Taking our Responsibility towards society DSM is applying its scientific know-how and resources, including financial contributions, to help ease the impact of COVID-19 in society at large Donating immunity-optimizing vitamins and probiotics, plus reserves of personal protective equipment, to hea
Slide 25: Thank you, stay safe, stay healthy
Thank you, stay safe, stay healthy, stay well! Together we stand Strong 25
Slide 26: Disclaimer to the AGM presentation
Disclaimer to the AGM presentation This presentation may contain forward-looking statements with respect to DSM’s future performance and position. Such statements are based on current expectations, estimates and projections of DSM and information currently available to the company. DSM cautions re
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