Slide 1: Q3 2020 Results
Q3 2020 RESULTS OLIVIER RIGAUD (CEO) / EDDY VAN 2/11/2020 Photo © Total Corbion PLA RHEDE VAN DER KLOOT (CFO)
Slide 2: Highlights Q3 2020
Highlights Q3 2020 • Organic net sales increase of 5.2%, volume driven • Core activities (organic sales growth +6.4%) • Sustainable Food Solutions: Strong growth in Preservation, slight growth in Functional Systems, strong recovery in Single Ingredients • Lactic Acid & Specialties: High growth acros
Slide 3: Net sales and Adjusted EBITDA: YTD/Q3 2020
Net sales and Adjusted EBITDA: YTD/Q3 2020 € million YTD 2020 YTD 2019 Q3 2020 Q3 2019 Growth YTD Net Sales Core 626.0 600.8 211.6 213.3 4.2% - Sustainable Food Solutions 405.7 391.5 138.1 138.4 3.6% - Lactic Acid & Specialties 211.4 198.4 70.0 68.9 6.6% - Incubator 8.9 10.9 3.5 6.0 -18.3% Non-Core
Slide 4: Sales Growth per segment in YTD/Q3 2020
Sales Growth per segment in YTD/Q3 2020 Total growth at Acquisitions/ Net sales Total growth Currency constant (Divestments Organic Price/Mix Volume currency ) YTD 2020 vs YTD 2019 Core 4.2% -2.6% 6.8% 1.0% 5.8% -0.8% 6.7% - Sustainable Food Solutions 3.6% -3.0% 6.6% 1.6% 5.0% 0.7% 4.3% - Lactic Aci
Slide 5: Sustainable Food Solutions
Sustainable Food Solutions YTD YTD Q3 Q3 YTD 2020 key items € million 2020 2019 2020 2019 Net Sales 405.7 391.5 138.1 138.4 Organic growth 5.0% 7.9% • Preservation: Strong consumer demand for meat products with Adjusted EBITDA 73.3 66.8 26.3 22.6 extended shelf-life Adjusted EBITDA % 18.1% 17.1% 19.
Slide 6: Lactic Acid & Specialties
Lactic Acid & Specialties YTD 2020 key items YTD YTD Q3 Q3 € million 2020 2019 2020 2019 • All product segments grew with Net Sales 211.4 198.4 70.0 68.9 exception of biopolymers Organic growth 7.1% 5.7% • Biopolymers is slightly declining due Adjusted EBITDA 49.9 44.6 16.4 15.1 to postponements in
Slide 7: Incubator & Non-core activities
Incubator & Non-core activities INCUBATOR YTD YTD Q3 Q3 • Adjusted omega-3 market approach resulted in € million 2020 2019 2020 2019 initial positive customer response Net Sales 8.9 10.9 3.5 6.0 Organic growth 6.5% -18.4% • Organic net sales decrease in Q3 is mostly due to significant quarterly volu
Slide 8: Core Adjusted EBITDA bridge YTD 2020
Core Adjusted EBITDA bridge YTD 2020 130.0 Core activities 120.0 5.7 110.0 18.8 6.3 0.6 • Organic increase due to 100.0 2.1 higher volumes and better 90.0 price/mix 80.0 • Costs increase, but less than 70.0 planned for due to Covid-19 60.0 impact (travel, hiring, etc) 110.0 50.0 93.2 40.0 30.0 20.0
Slide 9: Outlook FY 2020
Outlook FY 2020 • On track to reach target levels in 2020 • Uncertainty regarding the Q4 business performance is greater than usual due to the potential impact of the COVID-19 pandemic • No change to full year guidance • Organic net sales growth core activities in the 4-7% range • Adjusted EBITDA ma
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Slide 11: Core Adjusted EBITDA bridge Q3 2020
Core Adjusted EBITDA bridge Q3 2020 50.0 4.5 40.0 5.9 3.0 0.0 2.5 30.0 20.0 38.5 33.7 10.0 0.0 Adj. EBITDA Volumes Pricing and mix Costs Currency Acquisitions Adj. EBITDA QTD 2019 Core impact QTD 2020 Core 11 © 30/4/2020