Holland Colours Nv · EURONEXT:HOLCO
Holland Colours Nv — Shareholder Meeting (July 2019)
40 slides from Holland Colours Nv's shareholder meeting presentation, Jul 16, 2019
Slide 1: Annual General Meeting of Shareholders
ANNUAL GENERAL MEETING OF SHAREHOLDERS Apeldoorn, July 16, 2019 1
Slide 2: Agenda (1)
AGENDA (1) 1. Opening 2. Report of the Board of Management on the financial year 2018/2019 3. Financial statements 2018/2019 a. Implementation of the remuneration policy in the financial year 2018/2019 b. Adoption of the financial statements 2018/2019 (voting item) 4. Reserves and dividend policy 5.
Slide 3: Agenda (2)
AGENDA (2) 6. Discharge to the Board of Management (voting item) 7. Discharge to the Supervisory Board (voting item) 8. Statutory Board of Management Reappointment of Mrs. M.G. Kleinsman as Statutory Director (voting item) 9. Supervisory Board a. Reappointment of Mr. R. Zoomers as chairman of the Su
Slide 4: Agenda (3)
AGENDA (3) 10. Update strategy Holland Colours Group 11. Authorization to the Board of Management, subject to the approval of the Supervisory Board, to acquire ordinary shares in the Company on behalf of the Company (voting item) 12. Any other business 13. Closure 4
Slide 5: 1. Opening
AGENDA 1. Opening HOLLAND COLOURS
Slide 6: 2. Report of the Board of Management on the financial year 2018/2019
AGENDA 2. Report of the Board of Management on the financial year 2018/2019 6
Slide 7: Market Conditions
MARKET CONDITIONS • Asia: growing demand for UHT dairy and yogurt drinks; • North America: slow down in the housing market; • Russia, Middle East and Africa: continued growth of packaging market; • Europe: stable markets. 7
Slide 8: Net margin improved, higher operating result
NET MARGIN IMPROVED, HIGHER OPERATING RESULT • Volume growth in Asia and Europe, lower volumes in the USA; • Short supply and higher market prices of various raw materials; • Sales prices increased; margin management program; • Absolute margin improved, marge % slightly decreased; • Higher cost, pri
Slide 9: Net cash flow positive, higher dividend
NET CASH FLOW POSITIVE, HIGHER DIVIDEND • Increase of operating profit (EBIT base); • Operating working capital increased - continued shortages on raw material markets and higher revenue; • Investments higher than previous financial year (primarily Asia); • Higher dividend (50% pay-out policy unchan
Slide 10: Overall objectives and realisation
OVERALL OBJECTIVES AND REALISATION 2018/2019 2017/2018 Sustainable revenue growth + 8.9% + 7.8% Return on Sales > 10% 9.6% 9.8% Return on Investment > 15% 24.0% 25.2% Zero safety accidents (LTI) 1 2 Innovation Index > 10% 16.6% 10.4% Solvency ratio > 40% 72.3% 73.1% 10
Slide 11: Developments
DEVELOPMENTS • First year of Board of Management (BoM) with three members (CTO, CFO en CEO); • Divisional teams strenghtened (Technology Manager North America, Business Controller Europe); • Developments Corporate Social Responsibility (CSR) positive; • Innovation examples: Holcomer Circulaire, dark
Slide 12: Financial Results 2018/2019
FINANCIAL RESULTS 2018 / 2019 12
Slide 13: Holland Colours Group: Key Figures
HOLLAND COLOURS GROUP: KEY FIGURES In million euros +9% +7% +3% +8% +14% +5% +26% +13% +44% 13
Slide 14: Development Net Result
DEVELOPMENT NET RESULT In million euros 14
Slide 15: Revenue growth HCA excl. currency results
REVENUE GROWTH HCA EXCL. CURRENCY RESULTS FIXED USD EXCHANGE RATE OF 2012/2013 15
Slide 16: Division Europe
DIVISION EUROPE In million euros 16
Slide 17: Division Americas
DIVISION AMERICAS In million USD 17
Slide 18: Division Asia
DIVISION ASIA In million USD 18
Slide 19: Operating Working Capital
OPERATING WORKING CAPITAL In million euros 2016/2017 2017/2018 2018/2019 Total OWC 14.3 17.2 19.4 As % of sales 18% 21% 21% 19
Slide 20: Outlook 2019/2020
OUTLOOK 2019/2020 • Development growth global economy; • Ongoing shortage in raw mats and related volatility of prices; • Implementation strategy. 20
Slide 21: 3. Financial statements 2018/2019
AGENDA 3. Financial statements 2018/2019 a. Implementation of the remuneration policy in the financial year 2018/2019 b. Adoption of the financial statements 2018/2019 (voting item) 21
Slide 22: 4. Reserves and dividend policy
AGENDA 4. Reserves and dividend policy 22
Slide 23: 5. Profit appropriation and dividend
AGENDA 5. Profit appropriation and dividend a. Adoption of the appropriation of the profit (voting item) b. Adoption of the dividend for the financial year 2018/2019 (voting item) It is proposed to pay out a dividend of € 3.52 in cash per ordinary share with a nominal value of € 2.27 23
Slide 24: 6. Discharge to the Board of Management
AGENDA 6. Discharge to the Board of Management (voting item) 24
Slide 25: 7. Discharge to the Supervisory Board
AGENDA 7. Discharge to the Supervisory Board (voting item) 25
Slide 26: 8. Statutory Board
AGENDA 8. Statutory Board Reappointment of Mrs. M.G. Kleinsman as Statutory Director (voting item) 26
Slide 27: 9. Supervisory Board
AGENDA 9. Supervisory Board a. Reappointment of Mr. R. Zoomers as chairman of the Supervisory Board (voting item) b. Reappointment of Mrs. A.R. Doornbos as member of the Supervisory Board (voting item) 27
Slide 28: 10. Update strategy Holland Colours Group
AGENDA 10. Update strategy Holland Colours Group 28
Slide 29: 29
29
Slide 30: Strategy project 'Spectrum 2023'
STRATEGY PROJECT ‘SPECTRUM 2023’ Insights obtained • HCA has a solid base with strong market positions and the foundation to retain its independence; • Our core markets keep evolving and will remain attractive; • The benefits of plastic are acknowledged; color will stay; requirements change continuo
Slide 31: Our Mission
OUR MISSION Our Brand Our Differentiators Coloring Your Success • We develop existing and new customer relationships into design Our Core Values partnerships; • We do not compromise on regulatory compliance and we maintain • Teamwork the highest quality standards; • Accountability • We continuously
Slide 32: Our Strategic Goals
OUR STRATEGIC GOALS Focus on current and related product / market segments • Extending and protecting global market positions in packaging; • Extending and protecting global market positions in building and construction; • Extending market positions in coatings and sealants, primarily in EMEA. 32
Slide 33: The Choices We Made
THE CHOICES WE Target & Initiative Management MADE Grow core Geographic focus Portfolio expansion REVENUE GROWTH Commercial excellence Operational excellence CONTINUOUS IMPROVEMENT People excellence Innovation excellence 33 33
Slide 34: Strategy Road Map: 'Growing Together 2023'
STRATEGY ROAD MAP: “GROWING TOGETHER 2023” From project (“Spectrum 2023”) to execution (“Growing Together 2023”) • Growing: current and related product/market segments; • Together: customer driven (co-design) and result driven (continuous improvement); • Target and Initiative Management (TIM): execu
Slide 35: Our Overall Objectives
OUR OVERALL OBJECTIVES Streefgetallen • Zero safety incidents; • Innovation Index above 10%; • Continued revenue growth; • Return on Sales of at least 10%; • Return on Investment of at least 15%; • Debt as % of balance sheet total below 40%. 35
Slide 36: 36
36
Slide 37: 11. Authorization to acquire ordinary shares
AGENDA 11. Authorization to the Board of Management, subject to the approval of the Supervisory Board, to acquire ordinary shares in the Company on behalf of the Company (voting item) 37
Slide 38: 12. Any other business
AGENDA 12. Any other business 38
Slide 39: 13. Closure
AGENDA 13. Closure HOLLAND COLOURS
Slide 40: Thank you for your visit and we hope to see you again!
THANK YOU FOR YOUR VISIT AND WE HOPE TO SEE YOU AGAIN! 40