Slide 1: Q3 2021 Results
Q3 2021 RESULTS OLIVIER RIGAUD (CEO) / EDDY VAN 27/10/2021 RHEDE VAN DER KLOOT (CFO)
Slide 2: Q3 2021 Key Points
Q3 2021 RESULTS Q3 2021 Key Points • Organic sales growth core activities 16.1% • Sustainable Food Solutions - Organic sales growth 9.4% • Growth across all segments: Functional Systems, Preservation, Single Ingredients • Lactic Acid & Specialties - Organic sales growth 18.6% • Sales to Total Corbio
Slide 3: Net sales and Adjusted EBITDA: YTD/Q3 2021
Q3 2021 RESULTS Net sales and Adjusted EBITDA: YTD/Q3 2021 € million YTD 2021 YTD 2020 Q3 2021 Q3 2020 Growth YTD Net sales Core 690.6 626.0 243.7 211.6 10.3% - Sustainable Food Solutions 435.6 405.7 151.5 138.1 7.4% - Lactic Acid & Specialties 232.1 211.4 81.1 70.0 9.8% - Incubator 22.9 8.9 11.1 3.
Slide 4: Sales Growth per segment in YTD/Q3 2021
Q3 2021 RESULTS Sales Growth per segment in YTD/Q3 2021 Organic Acquisitions/ Net sales Volume Price/Mix Currency Total growth growth (Divestments) YTD 2021 vs YTD 2020 Core 13.5% 2.5% 16.3% -6.1% 0.1% 10.3% - Sustainable Food Solutions 8.5% 4.6% 13.5% -6.3% 0.2% 7.4% - Lactic Acid & Specialties 17.
Slide 5: Sustainable Food Solutions
Q3 2021 RESULTS Sustainable Food Solutions € million YTD 2021 YTD 2020 Q3 2021 Q3 2020 • Organic growth rate of 13.5% Net sales 435.6 405.7 151.5 138.1 • Functional Systems: growth across categories in existing and new customers Organic growth 13.5% 5.0% 9.4% 7.9% • Preservation, all product categor
Slide 6: Lactic Acid & Specialties
Q3 2021 RESULTS Lactic Acid & Specialties € million YTD 2021 YTD 2020 Q3 2021 Q3 2020 • Organic sales growth of 14.6% Net sales 232.1 211.4 81.1 70.0 • High growth in lactic acid deliveries to Total Corbion PLA joint Organic growth 14.6% 7.1% 18.6% 5.7% venture • Esters sales declined due to pressur
Slide 7: Incubator
Q3 2021 RESULTS Incubator € million YTD 2021 YTD 2020 Q3 2021 Q3 2020 • Net sales increased organically by 187.6% Net sales 22.9 8.9 11.1 3.5 • Sales growth driven by AlgaPrime DHA (omega-3) Organic growth 187.6% 6.5% 228.5% -18.4% • Aquaculture sector is becoming more receptive of using sustainable
Slide 8: Total Corbion PLA joint venture
Q3 2021 RESULTS Total Corbion PLA joint venture € million * YTD 2021 YTD 2020 Q3 2021 Q3 2020 • Sales increase through combination of price and volume growth, Net sales 112.9 96.0 37.9 34.6 partly offset by negative currency effect EBITDA 39.9 35.0 12.3 14.1 EBITDA margin 35.3% 36.5% 32.5% 40.8% • Q
Slide 9: Non-core activities
Q3 2021 RESULTS Non-core activities € million YTD 2021 YTD 2020 Q3 2021 Q3 2020 • Strong organic growth in Emulsifiers through market share gains Net sales 107.0 115.2 38.3 37.4 Organic growth 12.8% -1.9% 17.6% -0.7% • Emulsifiers is now sole remaining active business in non-core activities Adjusted
Slide 10: Core Adjusted EBITDA bridge YTD 2021
Q3 2021 RESULTS Core Adjusted EBITDA bridge YTD 2021 FTE increase costs, • Volume growth in all 3 business segments 15.0 41.3 Other, • Pricing and mix 20.1 150 • Negative mix as lactic acid sales to PLA JV increased 11.9 • Price increases partly offsetting input cost inflation 100 € mln 35.1 7.0 • C
Slide 11: Core Adjusted EBITDA bridge Q3 2021
Q3 2021 RESULTS Core Adjusted EBITDA bridge Q3 2021 60 13.5 7.6 40 13.0 € mln 0.1 20 38.5 31.3 0 Adj. EBITDA Q3 2020 Volumes Pricing and mix Costs Currency impact Adj. EBITDA Q3 2021 Core Core 11 27/10/2021
Slide 12: Investor relations
Investor relations Jeroen.van.harten@corbion.com www.corbion.com/investor-relations +31205906293