Slide 1: One company. Endless possibilities - First HY 2022 Results
One company. Endless possibilities CONFERENCE CALL First HY 2022 Results 4 August 2022
Slide 2: Presenting team
Presenting team Piet van der Slikke Hans Kooijmans Led the formation of IMCD since 1995 Joined IMCD in 1996 Designed and executed IMCD’s strategy Co-led formation of IMCD 27 years of industry experience 26 years of industry experience 2
Slide 3: Agenda: Company profile
Company Highlights Financials Outlook Q&A profile first half year first half year 2022 2022 3
Slide 4: Profile
Profile IMCD is a market leader in the sales, marketing and distribution of speciality chemicals and ingredients. Highlights: ● Formulatory and solutions provider ● Comprehensive and complementary product portfolio ● Multi-territory distribution management in EMEA, Asia-Pacific and Americas ● Headqu
Slide 5: Agenda: Highlights first half year 2022
Company Highlights Financials Outlook Q&A profile first half year first half year 2022 2022 5
Slide 6: Highlights first half year 2022
Highlights first half year 2022 GROSS PROFIT Gross profit growth of 42% to EUR 584 million (+36% on a constant currency basis) OPERATING EBITA Operating EBITA increase of 58% to EUR 297 million (+52% on a constant currency basis) NET RESULT Net result increase of 68% to EUR 177 million (+60% on a co
Slide 7: Highlights first half year 2022 – M&A
Highlights first half year 2022 – M&A EMEA • Acquisition of Polychem Handelsges.m.b.H. (“POLYchem”), a leading provider of chemical raw materials and additives in Austria and Southeast Europe (8 February 2022) • Acquisition of Evenlode Foods Ltd (“Evenlode”). Evenlode is active in speciality food an
Slide 8: Agenda: Financials first half year 2022
Company Highlights Financials Outlook Q&A profile first half year first half year 2022 2022 8
Slide 9: Financials first half year 2022 - Income statement
Financials first half year 2022 Income statement Jan.1 - June. 30 Jan.1 - June. 30 fx adj. change change 2022 2021¹ change EUR million Revenue 2,318 1,674 644 38% 33% Gross profit 584 411 173 42% 36% Gross profit as a % of revenue 25.2% 24.5% 0.7% Operating EBITDA 312 200 111 55% 49% Operating EBITD
Slide 10: Income statement by region
Financials first half year 2022 Income statement Asia Holding EUR million EMEA Americas Pacific companies Total Gross profit 2022 280 184 120 584 2021 207 119 85 411 ∆ reported 35% 55% 41% 42% ∆ constant currency 36% 39% 34% 36% Gross profit as a % of revenue 2022 26.6% 23.8% 24.4% 25.2% 2021 25.8%
Slide 11: Income statement (continued)
Financials first half year 2022 Income statement (continued) Jan.1 - June. 30 Jan.1 - June. 30 fx adj. change change 2022 2021¹ change EUR million Operating EBITA 297 187 109 58% 52% Net finance costs (8) (8) Income tax expenses (72) (47) Net result before amortísation/non 216 133 84 63% 57% recurri
Slide 12: Net finance costs
Financials first half year 2022 Net finance costs Jan.1 - June. 30 Jan.1 - June. 30 change 2022 2021 EUR million Interest costs financing structure (8.7) (6.8) (1.9) Interest exp. Lease liabilities (IFRS 16) (1.3) (1.3) 0.1 Amortisation of finance costs (0.4) (0.3) (0.1) Changes deferred considerati
Slide 13: Balance Sheet
Financials first half year 2022 Balance Sheet 30 June 2022 31 December 2021¹ 30 June 2021¹ EUR million Property, plant and equipment 32 29 27 Right-of-use assets 78 69 69 Intangible assets 1,936 1,808 1,623 Other fin. assets/def tax assets 36 41 42 Working capital 833 612 530 Provisions/employee ben
Slide 14: Working capital
Financials first half year 2022 Working capital 30 June 2022 31 December 2021 30 June 2021 EUR million Inventories 646 526 416 in days of revenue* 50 54 44 Trade and other receivables 857 619 619 in days of revenue* 66 63 66 Trade payables (509) (403) (370) in days of revenue* (39) (41) (39) Other p
Slide 15: Net debt and covenants
Financials first half year 2022 Net debt 30 June 2022 30 June 2022 31 December 2021 2 change EUR million Loans and borrowings long term 986 667 319 Short term financial liabilities 334 451 (117) Cash and cash equivalents (183) (178) (5) Net Debt 1,138 940 198 1 Net Debt / Operating EBITDA ratio 2.2
Slide 16: Free cash flow
Financials first half year 2022 Free cash flow Jan.1 - June. 30 Jan.1 - June. 30 Change Change % 2022 2021¹ EUR million Operating EBITA 297 187 110 58% Depreciation 15 13 2 Operating EBITDA 312 200 112 55% Share based payments 3 2 1 IAS 17 lease payments (12) (11) (1) Adjusted operating EBITDA 303 1
Slide 17: Agenda: Outlook
Company Highlights Financials Outlook Q&A profile first half year first half year 2022 2022 17
Slide 18: Outlook
Outlook IMCD operates in different, often fragmented market segments in multiple geographic regions, connecting many customers and suppliers across a very diverse product range. In general, results are impacted by macroeconomic conditions and developments in specific industries. Results can be influ
Slide 19: Agenda: Q&A
Company Highlights Financials Outlook Q&A profile first half year first half year 2022 2022 19
Slide 20: Disclaimer
Disclaimer The content in this presentation is provided to you by IMCD N.V. (“IMCD”) and intended for your personal information only. All information appearing herein is based on our present knowledge and experience (“as is”) and IMCD makes no representations as to its accuracy or sufficiency. To th
Slide 21: Our ambition is to exceed your expectations.
F Find us on: Our ambition is to exceed your expectations. We deliver what we promise. www.imcdgroup.com