Imcd N.v. · EURONEXT:IMCD
Imcd — 9M 2017 Earnings Presentation
16 slides from Imcd's earnings presentation, Nov 8, 2017
Slide 1: Conference Call: First nine months 2017 results
CONFERENCE CALL First nine months 2017 results IMCD N.V. 8 November 2017
Slide 2: Disclaimer
Page 2 Disclaimer This presentation may contain forward looking statements. These statements are based on current expectations, estimates and projections of IMCD’s management and information currently available to the company. IMCD cautions that such statements contain elements of risk and uncertain
Slide 3: Presenting team
Page 3 Presenting team Piet van der Slikke, CEO Hans Kooijmans, CFO • Led the formation of IMCD since • Joined IMCD in 1996 1995 • Co-led formation of IMCD • Designed and executed IMCD’s strategy • 21 years of industry experience • 22 years of industry experience
Slide 4: Agenda
Page 4 Agenda • Company profile • Highlights first nine months 2017 • Financials first nine months 2017 • Outlook • Q&A
Slide 5: Company profile
Page 5 Company profile IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its result-driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive
Slide 6: Agenda
Page 6 Agenda • Company profile • Highlights first nine months 2017 • Financials first nine months 2017 • Outlook • Q&A
Slide 7: Highlights first nine months 2017
Highlights Page 7 Highlights first nine months 2017 Gross profit growth of 11% to EUR 317.9 million (+11% on a constant Gross profit currency basis) Operating Operating EBITA increase of 10% to EUR 123.8 million (+10% on a EBITA constant currency basis) Net result before amortisation and non-recurri
Slide 8: Highlights first nine months 2017 (continued)
Page 8 Highlights first nine months 2017 (continued) Acquisition of Neuvendis, completed on 23 June 2017, expanding the Neuvendis Italian operations in the speciality chemicals market Acquisition of the speciality distribution business of Bossco Industries (July Bossco 2017) will further strengthen
Slide 9: Agenda
Page 9 Agenda • Company profile • Highlights first nine months 2017 • Financials first nine months 2017 • Outlook • Q&A
Slide 10: Key figures
Financials first nine months 2017 Page 10 Key figures Jan. 1 - Sept. 30 Jan. 1 - Sept. 30 Fx adj. EUR million 2017 2016 Change Change Change Revenue 1,411.3 1,305.8 105.5 8% 8% Gross profit 317.9 286.9 31.0 11% 11% Gross profit in % of revenue 22.5% 22.0% 0.5% Operating EBITA 123.8 112.8 11.0 10% 10
Slide 11: Income statement
Financials first nine months 2017 Page 11 Income statement Asia Holding EMEA Americas Total EUR million Pacific companies Revenue YTD Q3 2017 871,9 236,7 302,7 1.411,3 YTD Q3 2016 805,5 237,6 262,7 1.305,8 ∆ reported 8% (0%) 15% 8% ∆ constant currency 9% (1%) 13% 8% Gross profit YTD Q3 2017 209,0 48
Slide 12: Free cash flow
Financials first nine months 2017 Page 12 Free cash flow Jan.1 - Sept.30 Jan.1 - Sept.30 EUR million change 2017 2016 Operating EBITA 123.8 112.8 11.0 Depreciation 3.5 3.2 0.3 Operating EBITDA 127.3 116.0 11.3 Share based payments 1.6 1.1 0.5 Capex (2.5) (4.1) 1.6 1 ∆ Working capital (10.9) (8.9) (2
Slide 13: Net debt/leverage
Financials first nine months 2017 Page 13 30 September 31 December 30 September Net debt/leverage 2017 2016 2016 Net Debt (EUR million) 507 398 404 Leverage ratio Reported (including full year impact of acquisitions) 2.9 2.6 2.7 Based on IMCD loan documentation 2.9 2.3 2.4
Slide 14: Agenda
Page 14 Agenda • Company profile • Highlights first nine months 2017 • Financials first nine months 2017 • Outlook • Q&A
Slide 15: Outlook
Page 15 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. Furthermore,
Slide 16: Agenda
Page 16 Agenda • Company profile • Highlights first nine months 2017 • Financials first nine months 2017 • Outlook • Q&A