Slide 1: Conference Call: First HY 2020 results
Page CONFERENCE CALL First HY 2020 results IMCD N.V. 18 August 2020
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 25 years of industry experience 24 years of industry experience
Slide 4: Agenda
Page 4 Agenda • Company profile • Highlights first half year 2020 • Financials first half year 2020 • 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 food ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive
Slide 6: Agenda: Highlights first half year 2020
Page 6 Agenda • Company profile • Highlights first half year 2020 • Financials first half year 2020 • Outlook • Q&A
Slide 7: Highlights first half year 2020
Page 7 Highlights first half year 2020 GROSS PROFIT • Gross profit growth of 7% to EUR 333 million (+8% on a constant currency basis) OPERATING EBITA • Operating EBITA increase of 7% to EUR 131 million (+8% on a constant currency basis) NET RESULT • Net result before amortisation and non-recurring i
Slide 8: Agenda: Financials first half year 2020
Page 8 Agenda • Company profile • Highlights first half year 2020 • Financials first half year 2020 • Outlook • Q&A
Slide 9: Financials first half year 2020: Income statement
Page 9 Financials first half year 2020 Income statement Jan.1 - June 30 Jan.1 - June 30 fx adj. EUR million change change 2020 2019 change Revenue 1,411 1,398 13 1% 2% Gross profit 333 312 21 7% 8% Gross profit in % of revenue 23.6% 22.3% 1.3% Operating EBITDA 144 134 10 7% 8% Operating EBITDA in %
Slide 10: Income statement by region
Page 10 Financials first half year 2020 Income statement Asia Holding EMEA Americas Total EUR million Pacific companies Gross profit H1 2020 176 109 47 333 H1 2019 173 99 39 312 ∆ reported 2% 10% 21% 7% ∆ constant currency 3% 11% 24% 8% Operating EBITA H1 2020 70 48 22 (8) 131 H1 2019 71 42 17 (7) 1
Slide 11: Income statement (continued)
Page 11 Financials first half year 2020 Income statement (continued) Jan.1 - June 30 Jan.1 - June 30 fx adj. EUR million change change 2020 2019 change Operating EBITA 131 123 8 7% 8% Net finance costs (15) (13) Income tax expenses (26) (26) Net result before amortísation/non recurring 90 85 6 6% 7%
Slide 12: Net finance costs
Page 12 Financials first half year 2020 Net Finance costs Jan.1 - June 30 Jan.1 - June 30 EUR million change 2020 2019 Interest expenses financial liabilities (9.1) (10.9) 1.8 Interest expenses lease liabilities (1.3) (1.2) (0.1) Currency Exchange results (3.2) (0.2) (3.0) Changes deferred considera
Slide 13: Balance Sheet
Page 13 Financials first half year 2020 Balance Sheet EUR million 30 June 2020 31 December 2019 30 June 2019 Property, plant and equipment 91 90 79 Intangible assets 1,117 1,141 1,042 Other fin. assets/def tax assets 41 40 44 Working capital 470 436 446 Provisions/employee benefits (31) (28) (30) De
Slide 14: Working capital
Page 14 Financials first half year 2020 Working capital EUR million 30 June 2020 31 December 2019 30 June 2019 Inventories 383 377 348 in days of revenue* 49 49 45 Trade and other receivables 457 435 467 in days of revenue* 59 56 60 Trade payables (280) (280) (288) in days of revenue* (36) (36) (37)
Slide 15: Free cash flow
Page 15 Financials first half year 2020 Free cash flow Jan.1 - June 30 Jan.1 - June 30 EUR million change change 2020 2019 Operating EBITA 131 123 8 7% Depreciation 12 11 2 Operating EBITDA 144 134 10 7% Share based payments 2 1 1 IAS 17 lease payments (13) (9) (3) Adjusted operating EBITDA 133 126
Slide 16: Agenda: Outlook
Page 16 Agenda • Company profile • Highlights first half year 2020 • Financials first half year 2020 • Outlook • Q&A
Slide 17: Outlook
Page 17 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 18: Agenda: Q&A
Page 18 Agenda • Company profile • Highlights first half year 2020 • Financials first half year 2020 • Outlook • Q&A