Holland Colours Nv · EURONEXT:HOLCO
Holland Colours Nv — Shareholder Meeting (July 2018)
42 slides from Holland Colours Nv's shareholder meeting presentation, Jul 12, 2018
Slide 1: Annual General Meeting of Shareholders
ANNUAL GENERAL MEETING OF SHARHOLDERS Apeldoorn, July 12, 2018 1
Slide 2: Agenda (1)
AGENDA (1) 1. Opening 2. Report of the Board of Management on the financial year 2017/2018 3. Financial statements 2017/2018 a. Implementation of the remuneration policy in the financial year 2017/2018 b. Adoption of the financial statements 2017/2018 (voting item) 4. Reserves and dividend policy 5.
Slide 3: Agenda (2)
AGENDA (2) 6. Discharge of the Board of Management (voting item) 7. Discharge of the Supervisory Board (voting item) 8. Update Corporate Governance a. Manual Corporate Governance Code Holland Colours b. Amendment of the articles of association Holland Colours NV (voting item) 9. Statutory Board of M
Slide 4: Agenda (3)
AGENDA (3) 10. Composition of the Supervisory Board a. Restricting the number of members of the Supervisory Board to 4 (voting item) b. Appointment Mr. G.H. de Heer as a member of the Supervisory Board (voting item) 11. Authorization to the Board of Management, subject to the approval of the Supervi
Slide 5: 1. Opening
AGENDA 1. Opening HOLLAND COLOURS
Slide 6: 2. Report of the Board of Management on the financial year 2017/2018
AGENDA 2. Report of the Board of Management on the financial year 2017/2018 6
Slide 7: Our Strategic Direction Update
OUR STRATEGIC DIRECTION UPDATE • Defend and grow position Building & Constructie • Growth in profiles, flooring and geografically; limited growth for new polymers • Defend (PET-position) and grow (polyolefines-position) in Packaging • Global growth Holcomer • No growth yet in polyolefines • Defensiv
Slide 8: Developments 2017/2018
DEVELOPMENTS 2017/2018 Strategic ambition and Corporate Social Responsibility (CSR) Conclusion: • Decent financial results under difficult circumstances (cost of raw mats) • Positive trend on CSR objectives 8
Slide 9: Strategy Update
STRATEGY UPDATE Realisation Realisation 2017/2018 2016/2017 Sustainable revenue growth 5.1% 7.8% Return on Sales >10% 9.8% 9.3% Return on Investment (ROI) > 15% 24.2% 25.2% Operational Working Capital as % of revenue <20% 18.5% 20.6% 9
Slide 10: Strategy Update
STRATEGY UPDATE Realisation Realisation 2017/2018 2016/2017 Innovation – Index > 10% 10.4% 6.7% Earnings-per-share growth > 10% 12.4% 44.4% Solvency ratio > 40% 73.1% 72.7% 10
Slide 11: Strategy Update: Sustainability
STRATEGY-UPDATE Sustainability Realisation Trend 2017/2018 Lost time incidents 2 CO2 emission per kg 642 Waste per kg 88 11
Slide 12: Development 2017/2018
DEVELOPMENT 2017/2018 Investments: • Europe: new production line and production optimalisation Apeldoorn/Szolnok finalized • Americas: new labscale production for Holcopearl operational • Asia: new production line for Holcomer approved Organisational developments: • New CEO • New CTO • New Divisiona
Slide 13: Financial Results 2017/2018
FINANCIAL RESULTS 2017/2018 13
Slide 14: Developments 2017/2018: Financial Results
DEVELOPMENTS 2017/2018 FINANCIAL RESULTS • Continuation of growth on revenue and net result • Further improvement financial ratio’s (except for working capital) • Negative impact USD and GBP on results • Strong increase raw material cost prices (especially in Europa) resulting in margin pressure • O
Slide 15: Holland Colours Group: Key Figures
HOLLAND COLOURS GROUP: KEY FIGURES 15
Slide 16: Revenue Growth HCA in Million Euros
REVENUE GROWT HCA IN MILLION EUROS 85 80 75 70 65 60 2012/13 2013/14 2014/15 2015/16 2016/2017 2017/2018 Revenue 16
Slide 17: Revenue Growth HCA Excl. Currency Results
REVENUE GROWTH HCA EXCL. CURRENCY RESULTS FIXED USD EXCHANGE RATE (Reference year 2012/2013) 85.0 80.0 75.0 70.0 65.0 60.0 2012/13 2013/14 2014/15 2015/16 2016/2017 2017/2018 Revenue Revenue in comparable currency 17
Slide 18: Division Europe
DIVISION EUROPE TRENDS IN EUROPE IN MILLION EUROS 46 3 44 42 2 40 38 36 1 34 32 30 0 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017* 2017/2018 18
Slide 19: Division Americas
DIVISION AMERICAS TRENDS IN AMERICAS IN MILLION USD 35 6 33 5 31 4 29 3 27 2 25 1 23 0 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017 2017/2018 19
Slide 20: Division Asia
DIVISION ASIA TRENDS IN ASIA IN MILLION USD 15 3 14 13 12 2 11 10 9 1 8 7 6 0 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017* 2017/2018 20
Slide 21: Development Net Result
DEVELOPMENT NET RESULT IN MILLION EUROS 6 0.8 0.5 0.1 0.3 5 4 3 5.9 5.2 2 1 0 21
Slide 22: OWC in EUR mln
OWC in EUR mln 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017 2017/2018 Total OWC 16.0 14.0 15.6 13.4 14.3 17.2 As % of sales 24% 21% 23% 18% 18% 21% 22
Slide 23: Outlook 2018/2019
OUTLOOK 2018/2019 • Profit from growth global economy • Ongoing shortage in raw mats and related volatility of prices • Program to improve European profitability • Stay committed to investments in technology and innovation 23
Slide 24: Review Last 6 Years
REVIEW LAST 6 YEARS 24
Slide 25: Summary Last 6 Years
SUMMARY LAST 6 YEARS Europa • Decent revenue growth (a.o. geographical and flooring) • Improved yet still too low operating result (from EUR -0.2mln to EUR 1.5mln) • Improved sales tools; ABC and S&OP, production optimalization Apeldoorn/Szolnok Americas • Operating results more than doubled with go
Slide 26: Summary Last 6 Years
SUMMARY LAST 6 YEARS New products • Holcopearl – Holcolac – Tintmask – Slipagent - Natural Collection; no new “Holcobatch” • Holcomer: global breakthrough Organisation • Increased synergies and coordination between divisions on functional side • Changes at the top (o.a. next generation) Financial ra
Slide 27: Summary Last 6 Years
SUMMARY LAST 6 YEARS 2011/2012 2017/2018 avg growth % In EUR mln: Revenue 61,2 83,5 + 6% Operating result 3,2 8,2 + 26% Net result 1,7 5,9 + 41% Ratios: ROS 5,2 9,8 ROI 10,0 25,2 OWC%Revenue 24,2 20,6 Solvency 55,3 73,1 Per share: Profit 1,97 6,78 Dividend 1,10 3,39 27
Slide 28: 3. Financial statements 2017/2018
AGENDA 3. Financial statements 2017/2018 a. Implementation of the remuneration policy in the financial year 2017/2018 b. Adoption of the financial statements 2017/2018 (voting item) 28
Slide 29: 4. Reserves and dividend policy
AGENDA 4. Reserves and dividend policy 29
Slide 30: 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 2017/2018 (voting item) It is proposed to pay out a dividend of € 3.39 in cash per ordinary share with a nominal value of € 2.27 30
Slide 31: 6. Discharge to the Board of Management
AGENDA 6. Discharge to the Board of Management (voting item) 31
Slide 32: 7. Discharge to the Supervisory Board
AGENDA 7. Discharge to the Supervisory Board (voting item) 32
Slide 33: 8. Update Corporate Governance
AGENDA 8. Update Corporate Governance a. Manual Corporate Governance Code Holland Colours b. Amendment of the articles of association Holland Colours NV (voting item) 33
Slide 34: Change to the Articles of Association Holland Colours NV
CHANGE TO THE ARTICLES OF ASSOCIATION HOLLAND COLOURS NV Summary of changes: • Separation of articles for BoM and Supervisory Board • Authorization to represent the company • Authorization to prepare Articles of Association • Attendance for external auditor to attend the Annual Shareholder Meeting •
Slide 35: 9. Statutory Board
AGENDA 9. Statutory Board a. Expanding the number of Managers to 3 (voting item) b. Appointment Mr. C.W.H. Vinke as Statutory General Manager (voting item) c. Appointment Mr. E.M.S. van Hamersveld as Statutory Manager Innovation and Technology (voting item) 35
Slide 36: Introduction Coen Vinke
INTRODUCTION COEN VINKE HOLLAND COLOURS
Slide 37: Introduction Eelco van Hamersveld
INTRODUCTION EELCO VAN HAMERSVELD 37
Slide 38: 10. Composition of the Supervisory Board
AGENDA 10. Composition of the Supervisory Board a. Restricting the number of members of the Supervisory Board to 4 (voting item) b. Appointment Mr. G.H. de Heer as a member of the Supervisory Board (voting item) 38
Slide 39: 11. Authorization to acquire ordinary shares
AGENDA 11. Autorization 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) 39
Slide 40: 12. Any other business
AGENDA 12. Any other business 40
Slide 41: 13. Closure
AGENDA 13. Closure HOLLAND COLOURS
Slide 42: Thank you for your visit
THANK YOU FOR YOUR VISIT AND WE HOPE TO SEE YOU AGAIN! 42