Slide 1: Solvay Investor Update
Solvay Investor Update 24 September, 2018 London, Berkeley hotel
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this presentation is subject to risks and uncertainties relating t
Slide 3: Chapters
CHAPTERS Introduction Nicolas Boël - Chairman of the Board of Directors 4 OUR STRATEGIC JOURNEY Jean-Pierre Clamadieu - Chairman of the Executive Committee & CEO 6 To a Stronger Solvay ADVANCED MATERIALS Augusto Di Donfrancesco - Member of the Executive Committee 12 Next Generation Mobility ADVANCED
Slide 4: Welcome by the Chairman
WELCOME BY THE CHAIRMAN Nicolas Boël Chairman of the Board of Directors Investor update 2018 4 September 24, 2018
Slide 5: Solvay's Executive Committee
SOLVAY’S EXECUTIVE COMMITTEE Jean-Pierre Vincent Augusto Clamadieu De Cuyper Di Donfrancesco Hua Karim Du Hajjar Pascal Cécile Tandeau Juéry de Marsac Investor update 2018 5 September 24, 2018
Slide 6: Our Strategic Journey to a Stronger Solvay
OUR STRATEGIC JOURNEY TO A STRONGER SOLVAY Jean-Pierre Clamadieu Chief Executive Officer, Chairman of the Executive Committee Investor update 2018 6 September 24, 2018
Slide 7: Our Strategic Journey to a Stronger Solvay
OUR STRATEGIC JOURNEY TO A STRONGER SOLVAY 2012 – 2017 2018 – 2021+ EBITDA sustainable from growth solutions Portfolio segments in portfolio Transformation 70% 50% Organic Growth Synergies 22% 68% Customer centricity EBITDA cash & Innovation & Growth margin conversion Investor update 2018 7 Septembe
Slide 8: A More Resilient, More Profitable Group
A MORE RESILIENT, MORE PROFITABLE GROUP Group transformation Key highlights 2012 22.0% 2017 16.5% 7.1% 4.2% Diversified Focused Complex Streamlined Investor update 2018 8 September 24, 2018
Slide 9: Integrating Sustainability into Decision-Making
INTEGRATING SUSTAINABILITY INTO DECISION-MAKING DRIVES SUPERIOR FINANCIAL VALUE GROWTH Fully embedded into our decision-making processes 2014 2017 Manufacturing Footprint SUSTAINABLE SOLUTIONS 25% 49% M&A 60% CAPEX 80% R&I 60% 43% NEUTRAL Higher volume growth on average from CHALLENGED 15% 8% sustai
Slide 10: Innovation at Our Core
INNOVATION AT OUR CORE STRONG CONNECTIONS TO ADVANCE SCIENCE 2012 2017 Progress Research Intensity R&I Spend / Sales 2.4% 3.2% +80bp Strengthening our R&I capabilities to support strong pipeline of growth opportunities A worldwide Establishing world class network R&I centers of researchers Brussels
Slide 11: Organic Growth Driven by Growth Segments
ORGANIC GROWTH DRIVEN BY 2 GROWTH SEGMENTS 50% Customer segment intimacy ADVANCED MATERIALS ADVANCED FORMULATIONS & market leadership Polymer & Surface Composite Chemistry technologies Innovation Next gen mobility Resource efficiency edge Electronics Healthcare Aerospace Automotive Oil & Gas Mining
Slide 12: Advanced Materials: Next Generation Mobility
ADVANCED MATERIALS NEXT GENERATION MOBILITY Augusto Di Donfrancesco Member of the Executive Committee Investor update 2018 12 September 24, 2018
Slide 13: Global Leader in High-Performance Materials
GLOBAL LEADER IN HIGH-PERFORMANCE MATERIALS WITH SUPERIOR GROWTH & PROSPECTS ADVANCED MATERIALS Unmatched portfolio of polymers Innovative & tailor-made solutions Deep application expertise & composite materials for challenging applications & customer intimacy EBITDA EBITDA CASH R&I Margin Conversio
Slide 14: Aircraft Fundamentals Support Higher Growth in Composites
AIRCRAFT FUNDAMENTALS AERO SUPPORT HIGHER GROWTH IN COMPOSITES 4.5% >8,000 50% 2X Annual growth Record high Weight of composites Number of aircrafts expected in passenger traffic order backlog on new aircrafts vs <15% on legacy to double in 20 years SURFACE BONDING & COATINGS MULTIFUNCTIONALITY PRIM
Slide 15: Key Program Ramp-Ups Propel Growth
KEY PROGRAM RAMP-UPS AERO PROPEL OUR CURRENT & MID-TERM GROWTH Resin infusion technology Primary supplier of composite materials Resin infusion technology for the LEAP engine of 737MAX for the F35 Joint Strike Fighter for the LEAP engine of A320neo Major supplier of primary and Primary structures fo
Slide 16: Technology Leadership, Innovation & Partnerships Support Future Growth
AERO TECHNOLOGY LEADERSHIP, INNOVATION & Resin infusion Launch of bonding Thermoplastics PARTNERSHIPS Technology Leader technology technology SUPPORT • On key programs today • Potential to eliminate • Supports cost-effective • Gaining momentum on fasteners – reduces cost fabrication FUTURE new progr
Slide 17: Solvay Is Uniquely Positioned in Thermoplastic Composites
SOLVAY IS UNIQUELY POSITIONED IN THERMOPLASTIC COMPOSITES Supports more Leveraging the cost-effective fabrication best in class portfolio Aerospace Enables higher of specialty polymers build rates and composite technologies More efficient part Automotive assembly Outstanding crash Integrated perform
Slide 18: We Make Cars Lighter & More Efficient
WE MAKE CARS LIGHTER & MORE EFFICIENT AUTO INCREASED MATERIALS USAGE DRIVES GROWTH 2.4% ~30% CAGR light vehicles CAGR hybrid & plug-in production in 5 years electric vehicles in ten years STRUCTURAL & SEMI-STRUCTURAL PARTS INTERIORS THERMAL & AIR INSULATION MANAGEMENT SYSTEMS ENGINE ENERGY-EFFICIENT
Slide 19: Solvay Positioned in All Auto Platforms
SOLVAY POSITIONED IN ALL AUTO PLATFORMS AUTO OUTPACING THE INDUSTRY GROWTH BY 3X [1] ICE+ (P)HEV EV Increasing loading per car [2] ~ 6kg ~ 12kg 8kg ~ Internal combustion engine Transmission Performance drives value proposal Electrical engine Battery Opportunity for composites Chassis / functional pa
Slide 20: Technology Leader for Mission Critical Battery Materials
WE ARE A TECHNOLOGY LEADER AUTO FOR MISSION CRITICAL BATTERY MATERIALS Li-ion battery Solvay technologies enable key F1EC, F2EC, SA functionalities of the Fluorinated Li-ion battery additives for electrolytes Safer Better energy density Solef® PVDF Binder Better power Lower cost Solef® PVDF
Slide 21: At the Forefront of Innovation for Future Battery
AT THE FOREFRONT OF INNOVATION AUTO FOR FUTURE BATTERY Advanced Breakthrough technologies Li-Ion batteries for Solid-State batteries OUR INNOVATION: OUR INNOVATION: Li Li metal Solid Cathode anode Electrolyte ENERGAIN™ SOLGAIN™ F-Additives Polymer & Fluorinated solvents for PVDF gel Binder enabling
Slide 22: Next Generation Mobility Drives Significant Growth Opportunities
NEXT GENERATION MOBILITY DRIVES SIGNIFICANT GROWTH OPPORTUNITIES IN ADVANCED MATERIALS LEADS TO DRIVEN SOLVAY’S EBITDA GROWTH BY KEY TRENDS STRENGTHS POTENTIAL • Aerospace ramp-up • Unmatched portfolio of and higher composite usage polymers & composite • Automotive technology materials shifts / elec
Slide 23: Advanced Formulations: Improving Resource Efficiency
ADVANCED FORMULATIONS IMPROVING RESOURCE EFFICIENCY Vincent De Cuyper Member of the Executive Committee Investor update 2018 23 September 24, 2018
Slide 24: Unique Provider of Surface Chemistries
UNIQUE PROVIDER OF SURFACE CHEMISTRIES ADVANCED FORMULATIONS Innovative Customer Global Technologies intimacy outreach EBITDA EBITDA CASH R&I margin conversion Intensity 2017 € 524 m 18% 75% 2.9% Investor update 2018 24 September 24, 2018
Slide 25: Resource Constraints Require More Efficient Solutions
RESOURCE CONSTRAINTS REQUIRE MORE EFFICIENT SOLUTIONS Doing more with less MINING OIL & GAS AGRO Higher throughput Maximize cost Targeted use MORE and yield of metals performance and of ingredients for & minerals fracturing efficiency seeds & crops Reduce impact Reduce Less clean LESS to employees a
Slide 26: Strongly Positioned in the Mining Industry Value Chain
STRONGLY POSITIONED MINING IN THE MINING INDUSTRY VALUE CHAIN METALS & MINING COMMINUTION SEPARATION REFINING MINERALS 100% Open Grinding Mineral Smelting pit mine & size reduction flotation Copper ~60% Solvent extraction Electro-winning Alumina ~20% Alumina refining Other metals & minerals ~20% Glo
Slide 27: Mining Chemicals to Significantly Outgrow Market
MINING CHEMICALS MINING TO SIGNIFICANTLY OUTGROW MARKET Profitable Growth NEW MINES NEW MARKETS INNOVATION Increasing number of Expand into other Supports penetration new mines starts; plan metals & minerals into new markets to capture >50% Macro trends drive Provides solutions to Enable
Slide 28: Electrification Supports Innovation-Driven Growth in Mining
ELECTRIFICATION SUPPORTS INNOVATION-DRIVEN MINING GROWTH IN MINING & MINERALS TREND Copper Lithium / Cobalt / Nickel & OPPORTUNITY MARKET NEED • Cu market represents 60% of sales • Lithium represents brand new today opportunities; market demand to increase threefold+ through 2025 [1] • Cu demand in
Slide 29: A Leader in Oilfield Chemicals
A LEADER IN OILFIELD CHEMICALS PROVIDING OIL & GAS COST EFFICIENT SOLUTIONS FOR STIMULATION CEMENTING & DRILLING STIMULATION PRODUCTION % revenues ~10% ~80% ~10% Cementing additive Friction reducers Defoamers Surfactants Flocculants Rheology modifiers Scale Inhibitors Corrosion inhibitors Demulsifie
Slide 30: Oil & Gas Pillars for Growth
OIL & GAS OIL & GAS PILLARS FOR GROWTH Profitable Growth CUSTOMER FOCUS GEOGRAPHIC INNOVATION & SERVICE MODEL EXPANSION Customized products Digitalization to Secure partnerships and formulations to meet enhance efficiency and beyond North America industry challenges customer collaboration to e
Slide 31: Water Re-use and Recycle Supports Innovation-Driven Growth in Oil & Gas
WATER RE-USE AND RECYCLE SUPPORTS OIL & GAS INNOVATION DRIVEN GROWTH IN OIL & GAS TREND Salt tolerant products High efficiency products & OPPORTUNITY MARKET NEED • Provide equal or better • Enhanced properties needed performance in higher-salt so that less fresh water is recycled waters consumed INN
Slide 32: Innovating to Solve Agro Industry's Greatest Challenges
INNOVATING TO SOLVE AGRO INDUSTRY’S AGRO GREATEST CHALLENGES TREND Crop protection & OPPORTUNITY MARKET NEED • Need more efficient delivery of herbicides to protect crops and improve yield • Improve weed resistance issues INNOVATIONS Greener • STARGUAR™ Innovation for SOLVAY crop protection that max
Slide 33: Resource Efficiency Drives Significant Growth Opportunities
RESOURCE EFFICIENCY DRIVES SIGNIFICANT GROWTH OPPORTUNITIES IN ADVANCED FORMULATIONS LEADS TO DRIVEN SOLVAY’S EBITDA GROWTH BY KEY TRENDS STRENGTHS POTENTIAL • Maximize mining yield as ore • Innovative technologies quality degrades to improve process yield • Greater demand for metals and reduce eco
Slide 34: Performance Chemicals: Soda Ash Market Update
PERFORMANCE CHEMICALS SODA ASH MARKET UPDATE Pascal Juéry Member of the Executive Committee Investor update 2018 34 September 24, 2018
Slide 35: Market Leadership, Solid Cash Generation
MARKET LEADERSHIP SOLID CASH GENERATION PERFORMANCE CHEMICALS Best in class Cost Focus on technologies & processes leadership cash generation EBITDA EBITDA CASH R&I Margin Conversion Intensity 2017 € 749 m 27% 80% 1.0% Investor update 2018 35 September 24, 2018
Slide 36: Balanced Soda Ash Market but Expected to Tighten
BALANCED SODA ASH MARKET BUT EXPECTED TO TIGHTEN GLOBAL MARKET MARKET BALANCED WILL TIGHTEN Robust Turkish capacity Growing at GDP Price increases demand and expected to warranted for largely absorbed tighten reinvestment Solvay relentlessly improving its competitiveness Competitive industrial footp
Slide 37: Market Expected to Tighten, Significant Price Increase Necessary
MARKET EXPECTED TO TIGHTEN SIGNIFICANT PRICE INCREASE NECESSARY Soda ash demand Global Utilization Rate % excl. China (Mt/yr) (excl. China, confirmed projects) [1] 2.3% 2.1% 36,4 37,1 95 34,8 35,6 2014 2016 2019 33,1 33,9 30,5 31,3 31,6 32,2 Balanced market 90 85 2013 2014 2015 2016 2017 2018 2019 2
Slide 38: Cost Competitiveness Key Success Factor
COST COMPETITIVENESS KEY SUCCESS FACTOR SOLVAY REMAINS WELL POSITIONED Note: Directional schematic representation of the global soda ash industry "cost curve". Each bar represents the Solvay Solvay aggregated capacity (x-axis) and average 2018 Directional Worldwide “Local” 2015 “Local” Average FOB c
Slide 39: Leadership Positions in Performance Chemicals Support Growth
LEADERSHIP POSITIONS IN PERFORMANCE CHEMICALS SUPPORT GROWTH LEADS TO DRIVEN SOLVAY’S EBITDA GROWTH BY KEY TRENDS ACTIONS POTENTIAL • Robust demand in main • Maintaining a competitive markets of flat glass, container industrial footprint & glass, household goods & world class assets packaging + • Pr
Slide 40: Positioned for Future Value Creation
POSITIONED FOR FUTURE VALUE CREATION Karim Hajjar Karim Hajjar Chief Financial Officer, Member of the Executive Committee Investor update 2018 40 September 24, 2018
Slide 41: Financial Value Delivery Evolving from Diversified Towards Specialty
FINANCIAL VALUE DELIVERY EVOLVING FROM DIVERSIFIED TOWARDS SPECIALTY PROFIT CASH RETURNS 22.0% 21.0% 68% 18.5% 7.1% 16.7% 17.5% 6.3% 59% 5.9% 57% 5.5% 52% 50% 5.0% 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Solvay Median diversified peers Median specialty peers • Akzo
Slide 42: Strong Operational Cash Flow
STRONG OPERATIONAL CASH FLOW Cumulative over 2016-2017 (in € billion) 5 4.3 Growth capex 4 (0.7) Growth funded 3 Legacy covered (1.6) (0.8) 2 (0.2) Efficiency maintained (0.8) 1.0 1 (0.7) 0.3 Compelling reward EBITDA Capex Provision Working capital, Financing FCF to Dividends Net debt payments Tax,
Slide 43: Legacy Obligations Funded, Modest Deleveraging Continues
LEGACY OBLIGATIONS FUNDED MODEST DELEVERAGING CONTINUES Provisions over 2016-2017 (in € billion) (5.0) (4.3) (0.2) 0.2 (3.9) (4.0) (0.4) [1] 0.8 (0.4) Other factors being constant, (0.5) Other (0.7) (0.7) Environmental pensions & environmental (3.0) liabilities decline by ~€0.1 bn/year Employee be
Slide 44: Capex Discipline to Continue
CAPEX DISCIPLINE TO CONTINUE Sustainable Coherent value creation capital allocation Advanded Materials & Total capex (in € billion) (1.2) Formulations >80% in growth (1.0) (1.0) segments [1] IRR > 15% 43% (0.8) 36% (0.8) 25% 67% 22% Performance 36% €25 / tonne CO2 Chemicals 65% 19% 32% 16% Selective
Slide 45: Improved Credit Strength, Financing Charges Will Decline Further
IMPROVED CREDIT STRENGTH FINANCING CHARGES WILL DECLINE FURTHER Underlying net debt (in € million) Net debt / EBITDA 2.8x 2.2x More to come: 6.6 0.3 0.9 Polyamide divestment 5.3 to reduce leverage down to 1.9x 2018 net cash financing payments ~€250m (4.7%) December 31 Net debt M&A December 31 2015
Slide 46: Potential for Superior Growth
POTENTIAL FOR SUPERIOR GROWTH 2019-2021 potential for organic EBITDA growth [1] Driven by key market positions and innovation • Next gen batteries for Automotive Advanced +6-10% • Thermoplastics for Aerospace Materials • New applications in healthcare and electronics • Technologies for improved meta
Slide 47: Continuing the Transformation: More Customer-Centric, Agile and Focused
CONTINUING THE TRANSFORMATION Supporting MORE CUSTOMER- competitive position Customer CENTRIC, AGILE AND intimacy OPPORTUNITY Increase share of wallet FOCUSED Operational More cost Simplification excellence savings Upgraded • ~100 proof of concepts Accelerated Upgraded 100 professionals to support d
Slide 48: More Growth Potential for More Value
MORE GROWTH POTENTIAL FOR MORE VALUE Organic [1] EBITDA growth potential 2019-2021 All segments will FUTURE GROWTH POTENTIAL contribute to growth Advanced Advanced All segments growing Formulations Materials in value creation zone Solvay Performance [2] Chemicals Largest portion of cash generation g
Slide 49: Superior Free Cash Flow Growth to Shareholders
[1] Organic growth excludes forex conversion and scope effects MORE GROWTH SUPERIOR FREEPOTENTIAL CASH FLOW [2] Includes diluting effect of Corporate & Business Services FOR MORE VALUE GROWTH TO SHAREHOLDERS FCF Stable Stableto to Organic [1] EBITDA growth potential 2019-2021 to Solvay All segments
Slide 50: Absolute Reduction in GHG Emissions
ABSOLUTE REDUCTION IN GHG EMISSIONS HIGHER GROWTH & REDUCED STRATEGIC RISK GHG emissions [1] in Mt CO2 eq. 14 13.8 Raising our ambition Energy efficiency [2] in absolute value 13 12.7 -1MT by 2025 12.3 -20% Energy mix -20% emissions reduction 12 vs no action scenario -1MT Process emissions reduc
Slide 51: Potential for Future Value Creation
POTENTIAL FOR FUTURE VALUE CREATION potential 2019-2021 PROFITS EBITDA growth Underlying +6-9%[1] Equivalent to 10-15% underlying EPS growth at constant scope and forex YoY average Free cash flow +10-15% CASH to Solvay shareholder Strong cash generation YoY average at constant scope Continued progre
Slide 52: Closing Remarks
CLOSING REMARKS Jean-Pierre Clamadieu Chief Executive Officer, Chairman of the Executive Committee Investor update 2018 52 September 24, 2018
Slide 53: Continue the Transformation of the Culture to Support Growth
CONTINUE THE TRANSFORMATION OF THE CULTURE TO SUPPORT GROWTH GROWTH Focus Simplification CUSTOMER CENTRICITY Investor update 2018 53 September 24, 2018
Slide 54: Solvay Platform for Strong Organic Growth
SOLVAY PLATFORM FOR STRONG ORGANIC GROWTH Established leader in New culture materials and being developed formulation platforms Innovation aligned with key secular trends Strong volume growth Leading to compelling & cash generation shareholder returns Investor update 2018 54 September 24, 2018
Slide 55: Ready for a Great Run
Ready for a GREAT RUN lead by a new CEO … Investor update 2018 55 September 24, 2018
Slide 56: Annexes
ANNEXES Investor update 2018 56 September 24, 2018
Slide 57: Solvay Positioned in All Auto Platforms
SOLVAY POSITIONED IN ALL AUTO PLATFORMS OUTPACING THE INDUSTRY GROWTH BY 3X [1] Technology shift ICE+ (P)HEV EV Loading/car [2] 6 ~ kg ~12kg 8 ~ kg volume value Amodel® PPA ducts, coolant lines, KetaSpire® PEEK insulators, bus-rings, Engine Ryton® PPS water/oil pumps, seals, Amodel® PPA power mo
Slide 58: Broadest Portfolio of Advanced Materials
BROADEST PORTFOLIO OF ADVANCED MATERIALS DIFFERENTIATING SOLVAY FROM COMPETITION Aromatics Fluoropolymers High Perf Composites Adhesives & Thermo- Out-of- Thermoset Resin HPPA PPS PEEK PSU PTFE PVDF PFA FKM PFPE Carbon Fiber Surfacing plastic Autoclave Prepreg Infusion films prepreg prepreg Investor
Slide 59: Global Soda Ash Market
GLOBAL SODA ASH MARKET 16,9 31,0 1,7 EUROPE 1,9 CHINA 1.0 12,4 (in mt/yr) (in mt/yr) (Incl. Turkey and Russia) 25,8 NAFTA (in mt/yr) 15,1 15,4 13,5 6,6 Capacity Demand 13,7 Capacity Demand Capacity Demand MAIN PRODUCING REGIONS SEA-BORNE (2017 figures) Export (in mt/yr) MARKET from NAFTA: 5.2 Capaci
Slide 60: On Track to Fully Deliver Against Previous Commitments
ON TRACK TO FULLY DELIVER AGAINST PREVIOUS COMMITMENTS 3 year objective Expectations Progress 3 year objective Financial 2016 - 2018 2016-2018[2] 2016-2017 2016 - 2018 Extra-financial -24% -20% GHG intensity (decrease over period) EBITDA growth[1] Mid-to-high +7.6% (% YoY) average single digit Susta
Slide 61: Transformation and Excellence Deliver Quality Earnings
TRANSFORMATION AND EXCELLENCE PROFIT DELIVER QUALITY EARNINGS Underlying EBITDA (in € million) 2,336 &Forex Pricing Pricing scope power Other 2,230 power Volume Other Cytec Forex 381 & scope Volume Volume momentum 1,663 1,955 +9% +3% yoy yoy Pricing power preserved Volumes Pricing power Underpinned
Slide 62: Strong Cash Flow Leading to Continued Operational Deleveraging
STRONG CASH FLOW LEADING TO CONTINUED OPERATIONAL DELEVERAGING Cumulative over 2016-2017 (in € billion) 5 4.3 4 Growth (0.7) Total operational (0.1) 0.1 deleveraging €0.4 bn 3 (1.6) (0.2) 2 1.7 (0.8) (0.6) 1.0 (0.7) 1 0.3 0.3 0 EBITDA Capex Provision Working capital, FCF Financing FCF to Dividends N
Slide 63: Debt Profile: Balanced Maturities Allowing Flexibility
DEBT PROFILE BALANCED MATURITIES ALLOWING FLEXIBILITY $82 Repaid in Repaid @8.95% in July 2017 October 2017 $87 Major financial debt [1] @3.95% in million $204 @3.50% $163 @3.95% $196 Repaid in €1,000 @3.50% December 2017 @Euribor €118 +82bp @4.63% €700 €750 $800 $800 @4.20% @1.63% @3.40% @4.45% €50
Slide 64: IFRS 16 to Affect EBITDA, P&L & Debt
IFRS 16 TO AFFECT EBITDA, P&L & DEBT Pro forma 2017 figures Underlying key figures 2017 IFRS 16 2017 • IFRS 16 implementation (in € million) impact pro forma Capitalizes leases, previously considered as operating EBITDA 2,230 +90 2,320 leases Advanced Materials 1,202 +19 1,221 Taking effect for
Slide 65: Glossary
GLOSSARY Investor update 2018 65 September 24, 2018
Slide 66: Glossary
GLOSSARY HOLT CFROI Accident rate HOLT CFROI is a proprietary cash flow return on investment Expressed in Medical Treatment Accident Rate (MTAR) or number metric of Credit Suisse calculated as an IRR taking into account i) of accidents requiring medical treatment / million working hours the cash flo
Slide 67: Glossary
GLOSSARY Greenhouse gas (GHG) intensity Underlying EBITDA Expressed as CO2 equivalent emissions / EBITDA (in kg/€); The Earnings before interest and taxes, depreciation and scope of CO2 equivalent emissions is further defined in the annual amortization (EBITDA), with IFRS figures adjusted to report
Slide 68: Speakers' Resume
SPEAKERS’ RESUME Investor update 2018 68 September 24, 2018
Slide 69: Speakers' Resume
SPEAKERS’ RESUME Nicolas Boël is responsible for management and oversight of the board and its review of the Group’s performance in meeting objectives in key areas of business performance and corporate social responsibility and in defining the Group’s strategy. He has been a member of the Solvay Boa
Slide 70: Speakers' Resume
SPEAKERS’ RESUME Jean-Pierre Clamadieu began his career in France in the Ministry of Industry and as a technical advisor to the Minister of Labor. He joined Rhône-Poulenc in 1993 where he held several positions, including President of Rhodia Chemicals Latin America, President of Rhodia Eco Services,
Slide 71: Speakers' Resume
SPEAKERS’ RESUME Vincent De Cuyper began his career at Solvay in 1987 and has held various positions in production and project management when sent on international assignments in France, Thailand and Argentina. In 1999, he was appointed Manager of the Vinythai plant in Map Ta Put in Thailand and, s
Slide 72: Speakers' Resume
SPEAKERS’ RESUME Augusto Di Donfrancesco began his Solvay career in 1987 as a process engineer in Rosignano, Italy. He has held multiple roles within the Solvay Group in Production, Technology, Human Resources and Commercial Operations in the Chemicals and Plastics divisions. In 2005 he moved to Bue
Slide 73: Speakers' Resume
SPEAKERS’ RESUME Hua Du began his career with Solvay as President of Solvay Rare Earth Systems in 2010. In 2015, he was appointed as the President of the new Global Business Unit Special Chem, which combines the former GBUs Rare Earths Systems and Special Chemicals as well as the fluorine part of th
Slide 74: Speakers' Resume
SPEAKERS’ RESUME Karim Hajjar began his career in 1984 at Grant Thornton Chartered Accountants, where after few years he became a partner. He moved on to Royal Dutch/Shell in 1995 and undertook a number of roles, the last of which was as Deputy Global CFO of Shell Chemicals. Karim Hajjar held the CF
Slide 75: Speakers' Resume
SPEAKERS’ RESUME Pascal Juéry After a first experience in south-Korea, he started his career at the internal audit at Rhône-Poulenc in 1988. After that, he took several responsibilities for Rhodia Novecare. In 2006 he was appointed Rhodia Group Sales Director. In 2008, he returned to the USA to take
Slide 76: Speakers' Resume
SPEAKERS’ RESUME Cécile Tandeau de Marsac started her career in Nestlé Group working in the Marketing and Human Resources Functions during 20 years. In 2007, she joined Rhodia and was appointed Human Resources Director for Polyamide and Energy Services GBUs and for the Human Resources Function. She
Slide 77: www.solvay.com
SOLVAY www.solvay.com asking more from chemistry®