Slide 1: Conference Call Q1 2021 results
Page CONFERENCE CALL Q1 2021 results IMCD N.V. 29 April 2021
Slide 2: Disclaimer
Page 2 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 uncertain
Slide 3: Presenting team
Page 3 Presenting team Piet van der Slikke, CEO Hans Kooijmans, CFO Led the formation of IMCD since 1995 Joined IMCD in 1996 Designed and executed IMCD’s strategy Co-led formation of IMCD 26 years of industry experience 25 years of industry experience
Slide 4: Agenda
Page 4 Agenda • Company profile • Highlights Q1 2021 • Financials Q1 2021 • Outlook • Q&A
Slide 5: Company profile
Page 5 Company profile IMCD is a market-leader in the sales, marketing, and distribution of speciality chemicals and ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Americas and Asia-Pacific, offering a range of comprehensive prod
Slide 6: Agenda
Page 6 Agenda • Company profile • Highlights Q1 2021 • Financials Q1 2021 • Outlook • Q&A
Slide 7: Highlights Q1 2021
Page 7 Highlights Q1 2021 GROSS PROFIT • Gross profit growth of 12% to EUR 197.6 million (+17% on a constant currency basis) OPERATING EBITA • Operating EBITA increase of 28% to EUR 90.6 million (+34% on a constant currency basis) NET RESULT • Net result before amortisation and non-recurring items i
Slide 8: Highlights Q1 2021: M&A
Page 8 Highlights Q1 2021 M&A Q1 2021 Further strengthening of the pharma, food and personal care activities in EMEA by the completion of three acquisitions: • Acquisition of Ejder Kimya. A Turkish chemicals distributor of raw materials for personal care and pharmaceuticals products and food additiv
Slide 9: Agenda
Page 9 Agenda • Company profile • Highlights Q1 2021 • Financials Q1 2021 • Outlook • Q&A
Slide 10: Financials Q1 2021: Key figures
Page 10 Financials Q1 2021 Key figures Jan.1 - Mar. 31 Jan.1 - Mar. 31 Fx. adj. EUR million 2021 2020 Change Change % change Revenue 809.9 748.8 61.1 8% 13% Gross profit 197.6 176.4 21.2 12% 17% Gross profit in % of revenue 24.4% 23.6% 0.8% Operating EBITA 90.6 70.9 19.7 28% 34% Operating EBITA in %
Slide 11: Financials Q1 2021: Income statement
Page 11 Financials Q1 2021 Income statement Holding EMEA Americas Asia Pacific Total EUR million companies Gross profit YTD Q1 2021 100 57 41 198 YTD Q1 2020 94 58 24 176 ∆ reported 6% (1%) 68% 12% ∆ constant currency 8% 10% 70% 17% Operating EBITA YTD Q1 2021 44 25 25 (4) 91 YTD Q1 2020 38 25 11 (4
Slide 12: Financials Q1 2021: Free cash flow
Page 12 Financials Q1 2021 Free cash flow Jan.1 - Mar. 31 Jan.1 - Mar. 31 Change Change % EUR million 2021 2020 Operating EBITA 91 71 20 28% Depreciation 7 6 1 Operating EBITDA 97 77 20 26% Share based payments 1 1 0 IAS 17 lease payments (7) (6) (1) Adjusted operating EBITDA 91 72 19 27% Capex (1)
Slide 13: Financials Q1 2021: Net debt/leverage
Page 13 Financials Q1 2021 Net debt/leverage 31 March 31 December 31 March EUR million 2021 2020 2020 Reported Net Debt 752 739 742 (incl. new share capital/ IFRS 16 debt) Reported leverage ratio: Reported (incl. full year impact of acquisitions) 2.3 2.3 2.8 Leverage ratio based on loan documentatio
Slide 14: Agenda
Page 14 Agenda • Company profile • Highlights Q1 2021 • Financials Q1 2021 • Outlook • Q&A
Slide 15: Outlook
Page 15 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. Furthermore,
Slide 16: Agenda: Q&A
Page 16 Agenda • Company profile • Highlights Q1 2021 • Financials Q1 2021 • Outlook • Q&A