Holland Colours Nv · EURONEXT:HOLCO
Holland Colours Nv — Shareholder Meeting (July 2015)
37 slides from Holland Colours Nv's shareholder meeting presentation, Jul 9, 2015
Slide 1: General Meeting of Shareholders
General Meeting Of Shareholders Apeldoorn July, 9 2015
Slide 2: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 3: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 4: Sales development
Sales development (in € millions) 70,0 1,9 65,0 60,0 55,0 66,0 66,3 50,0 45,0 40,0 2013/14 2014/2015 Sales Currency impact 4
Slide 5: Sales development per quarter
Sales development per quarter (in € millions) 16% 12% 8% 4% 0% Q1 Q2 Q3 Q4 -4% -8% -12% 5 Development sales Development sales excluding currency impact
Slide 6: Sales by division
Sales by division 9,9 14% 35,8 53% 22,5 33% Europe Americas Asia 6
Slide 7: Operating result
Operating result 6,0 0,2 5,0 4,0 3,0 5,4 5,1 2,0 1,0 - 2013/14 2014/2015 Operating result Currency impact 7
Slide 8: Operating results
Operating results (in € millions) 2013/2014 2014/2015 0,5 0,3 (9%) (6%) 1,5 (28%) 1,7 (32%) 1,5 1,3 (28%) (24%) 2,1 1,8 (39%) (34%) Europe Americas Asia Overig 8
Slide 9: Sales per focus market, index (2010/11=100)
Sales per focusmarket, index (2010/11=100) 140 130 120 110 Building & Construction Silicones & Elastomers Packaging 100 Specialties Totaal 90 80 2010/11 2011/12 2012/13 2013/14 2014/15 9
Slide 10: Division Europe
Division Europe (in € millions) 36,0 2,00 35,5 1,50 35,0 34,5 1,00 Operational result 34,0 0,50 33,5 Sales 33,0 - 32,5 32,0 (0,50) 2010/11 2011/12 2012/13 2013/14 2014/15 2014/2015 • marginal growth; • sales growth B&C and Packaging, Specialties and S&E lower; • operating result: further improvement
Slide 11: Division Americas
Division Americas (in $ millions) 29,0 4,00 28,5 3,50 28,0 3,00 27,5 2,50 27,0 26,5 2,00 26,0 1,50 25,5 1,00 25,0 0,50 24,5 24,0 - 2010/11 2011/12 2012/13 2013/14 2014/15 Operational result Sales 2014/2015 • marginal sales growth; • sales B&C higher; Packaging lower; • lower operating result. 11
Slide 12: Division Asia
Division Asia (in $ millions) 14,0 3,00 12,0 2,50 10,0 2,00 8,0 Operational 1,50 result 6,0 Sales 1,00 4,0 0,50 2,0 - - 2010/11 2011/12 2012/13 2013/14 2014/15 2014/2015 • sales lower; • growth in China, lower (trade) sales Indonesia; • lower costs: • higher operating result. 12
Slide 13: Strategy update: Financial ambitions
Strategy update Financial ambitions Financial ambitions Realisation Result/trend 2014/2015 Average double-digit net-sales growth 4% 1 Operating result as % of net-sales >10% 8% Return on Investment (ROI) > 15% 18% Operating working-capital as % of net-sales <20% 18% 1) Sales HolcoMORE related projec
Slide 14: Strategy update: Stakeholder ambitions
Strategy update Stakeholder ambitions Stakeholder ambitions Realisation Result/trend 2014/2015 Zero lost-time incidents 1 Innovation-index > 10% 6% Earnings-per-share average growth 35 % > 10% Other targets • improvement customer satisfaction: zero-base Europe determined; • sustainability targets. 1
Slide 15: Strategy update: Sustainability targets
Strategy update Sustainability targets Ambitions Realisation Result/trend 2014/2015 • CO2 footprint: 18g/kg annual reduction 14g/kg product • Electricity usage: 140kJ/kg reduction 150kJ/kg product • Waste: small increase not yet possible to determine target 15
Slide 16: Conclusions 2014/2015
Conclusions 2014/2015 • Further sales growth, mainly due to currency impact • Sales growth in Europe and Americas • Operating result higher in Europe and Asia • HolcoMORE: – sales growth, but (too) slow – more active search for cooperations in various fields • Sustainability: – first GRI-4 reporting
Slide 17: Outlook and challenges 2015/2016
Outlook and challenges 2015/2016 • Limited economic recovery • Further growth HolcoMORE • Improving innovative and commercial agility • Continued focus on efficiency improvements 17
Slide 18: Development net result
Development net result (in € millions) 6,0 5,0 1,5 1,6 4,0 0,0 0,0 3,0 2,0 3,5 3,4 1,0 - 18
Slide 19: Incoming cash flow
Incoming cash flow (in € millions) 6,0 (in € miljoen) 5,0 4,0 3,0 2,0 1,0 - 2010/11 2011/12 2012/13 2013/14 2014/15 -1,0 Operational cashflow excl. working -2,0 capital Changes working capital -3,0 19
Slide 20: Outgoing cashflow investments and dividends
Outgoing cashflow investments and dividends (in € millions) 4,0 3,5 3,0 2,5 2,0 1,5 1,0 0,5 - 2010/11 2011/12 2012/13 2013/14 2014/15 Investments Dividends paid 20
Slide 21: Net cashflow before financing
Net cashflow before financing (in € millions) 7,0 6,0 5,0 4,0 3,0 2,0 1,0 - 2010/11 2011/12 2012/13 2013/14 2014/15 -1,0 -2,0 -3,0 Incoming cashflow Outgoing cashflow Cashflow 21
Slide 22: House in order
House in order • Solid finance position • Positive cash flows • Compliant with bank covenants • Operating Working Capital under control 22
Slide 23: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 24: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 25: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 26: Dividend policy – annually assessed
Dividend policy – annually assessed • Not based on the distribution of a fixed percentage of the profit. Instead, it is assessed each year on the basis of the company’s financial position and prospects. • The following factors are considered : o Future financing requirements, where contributive fact
Slide 27: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 28: Proposed dividend
Proposed dividend • The net result per share amounts to € 4,02 compared to € 4,12 last year. • It will be proposed to the General Meeting of Shareholders that a dividend of € 2,00 per share be distributed in cash (2013/2014: € 2,12). 28
Slide 29: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 30: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 31: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 32: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 33: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 34: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 35: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 36: Agenda
Agenda 1. Opening 2. Report of the Board of Management on the financial year 2014/2015 3. Financial Statements 2014/2015 a. Implementation of the remuneration policy in the financial year 2014/2015 b. Adoption of the financial statements 2014/2015 (voting item) 4. Reserves and dividend policy 5. Pro
Slide 37: Thank you for your visit
Thank you for your visit and we hope to see you again next time! 37