Holland Colours Nv · EURONEXT:HOLCO
Holland Colours Nv — Corporate Update (March 2013)
24 slides from Holland Colours Nv's corporate update, Mar 5, 2013
Slide 1: Meeting of major shareholders Holland Colours N.V.
Meeting of major shareholders Holland Colours N.V. March 05, 2013
Slide 2: Agenda
Agenda • Introduction • Q3 trading update • Status bank covenants • Market developments • Organizational developments • Update strategy process 2
Slide 3: Participants
Participants: ASZ Holding BV De heer J. M. Smit De Uyterwaerden Beleggingen BV De heer J. Schut Holland Pigments BV De heer J. de Heer Otterbrabant Beheer BV De heer J. W. Friso Holland Colours NV Cees van Luijk Rob Harmsen Marco Kok Absent with notice: Janivo Beleggingen BV 3
Slide 4: Current major shareholders
Current major shareholders: 4
Slide 5: Agenda
Agenda • Introduction • Q3 trading update • Status bank covenants • Market developments • Organizational developments • Update strategy process 5
Slide 6: Q3 summary: Higher sales and operational result
Q3 summary: Higher sales and operational result 8% higher sales Marked improvement of net margin (sales mix and margin improvement) Positive operating result Significant decrease of the net working capital Net profit increase for 2012/2013 is expected 6
Slide 7: Q3: 8% higher sales with higher sales in all divisions
Q3: 8% higher sales of which 3% exchange rate impact, with higher sales in all divisions and nearly all focus markets Net sales per quarter 7
Slide 8: B&C: Q3 shows a marked growth compared to last year
B&C: Q3 shows a marked growth compared to last year, mainly for the account of Europe and Americas Net sales per quarter - B&C 8
Slide 9: Elastomers: sales were strongly higher, mainly due to Europe
Elastomers: sales were strongly higher, mainly due to Europe with a marginal sales increase in division Asia Net sales per quarter - Elastomers 9
Slide 10: Packaging: sales were significantly higher
Packaging: sales were significantly higher, Europe and division Americas realized a considerable sales increase Net sales per quarter - Packaging 10
Slide 11: Q3 operating costs approx. 6% higher than last year
In Q3, operating costs on a like-for-like basis were approx. 6% higher than last year, of which approx. 2% is caused by exchange rate differences Operational costs per quarter - Group 11
Slide 12: Q3 slightly negative net result, better than last year
Q3 slightly negative net result - better than the same period last fiscal year Net result per quarter - Group 12
Slide 13: Net working capital significantly lower than December last year
End of December 2012, net working capital significantly lower than December last fiscal year, mainly by lower inventories Net working capital Stock value 13
Slide 14: Holland Colours expects higher sales and a higher net result for 2012/2013
Unforeseen circumstances left aside, Holland Colours expects higher sales and a higher net result for 2012/2013 compared to financial year 2011/2012 • The economical climate remains uncertain, especially in the Building & Construction market • owing specifically to the seasonal trend in the Building
Slide 15: Agenda
Agenda • Introduction • Q3 trading update • Status bank covenants • Market developments • Organizational developments • Update strategy process 15
Slide 16: Total Debt / EBITDA ratio improved compared to December 2011
The company’s Total Debt / EBITDA ratio end of December 2012 improved compared to December 2011 • Ratio improvement supported by an increase of the net result and a decrease of the net working capital, • HCA stayed well within the covenant as agreed with the bank • Also the other bank covenants have
Slide 17: Agenda
Agenda • Introduction • Q3 trading update • Status bank covenants • Market developments • Organizational developments • Update strategy process 17
Slide 18: Market developments
• Building & Construction in Europe weak but stabilizing; In USA recovery noticable. • Packaging market: growing but strong competition • Silicones market follows Building & Construction market steadily; elastomers growing in Asia 18
Slide 19: Agenda
Agenda • Introduction • Q3 trading update • Status bank covenants • Market developments • Organizational developments • Update strategy process 19
Slide 20: Organizational developments
Organizational developments • Integration NV and Europe BV • Strengthening sales & marketing (s&m manager Europe; manager business development) • China: strengthening management (new GM) • Global Director Operations 20
Slide 21: Agenda
Agenda • Introduction • Q3 trading update • Status bank covenants • Market developments • Organizational developments • Update strategy process 21
Slide 22: Strategy update
Strategy update *Process aiming at: • Topline growth • Organizational and operational effectiveness *Executive team defined possibilities * Aligning with Supervisory Board taking place *External communication Shareholders Meeting of July 2013 22
Slide 23: Summarizing
Summarizing: * Satisfactory result given challenging and uncertain market circumstances * Ongoing organizational changes to handle these circumstances effectively * Strategy update process on track 23
Slide 24: Thank you for your attendance
Thank you for your attendance 24