Imcd N.v. · EURONEXT:IMCD
Imcd — 9M 2019 Earnings Presentation
17 slides from Imcd's earnings presentation, Nov 12, 2019
Slide 1: Conference Call: First nine months 2019 results
CONFERENCE CALL First nine months 2019 results IMCD N.V. 12 November 2019
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 • Joined IMCD in 1996 IMCD since 1995 • Co-led formation of IMCD • Designed and executed IMCD’s strategy • 23 years of industry experience • 24 years of industry experience
Slide 4: Agenda
Page 4 Agenda • Company profile • Highlights first nine months 2019 • Financials first nine months 2019 • Outlook • Q&A
Slide 5: Company profile
Company profile Page 5 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 2019 • Financials first nine months 2019 • Outlook • Q&A
Slide 7: Gross profit growth and key results highlights
Highlights first nine months 2019 Page 7 Gross profit growth of 15% to EUR 457.3 million (+14% on a constant Gross profit currency basis) Operating Operating EBITA increase of 12% to EUR 175.7 million (+11% on a EBITA constant currency basis) Net result before amortisation and non-recurring items in
Slide 8: M&A activity
Highlights first nine months 2019 Page 8 Acquisition of the food ingredients business of Matrix (Singapore & M&A Malaysia) on 30 August 2019 Acquisition of Monachem and Addpol on 18 September 2019, expanding IMCD’s position in the Advanced Materials industry in India Strengthening of Pharma activiti
Slide 9: Agenda
Page 9 Agenda • Company profile • Highlights first nine months 2019 • Financials first nine months 2019 • Outlook • Q&A
Slide 10: Key figures
Financials first nine months 2019 Page 10 Key figures Jan. 1 - Sept. 30 Jan. 1 - Sept. 30 Fx adj. EUR millio n 2019 2018 Change Change Change Revenue 2,061.0 1,754.6 306.4 17% 16% Gross profit 457.3 398.7 58.6 15% 14% Gross profit in % of revenue 22.2% 22.7% (0.5%) Operating EBITA 175.7 156.6 19.1 1
Slide 11: Income statement
Financials first nine months 2019 Page 11 Income statement Asia Holding EMEA Americas Total EUR million Pacific companies Gross profit YTD Q3 2019 250 148 59 457 YTD Q3 2018 232 115 52 399 ∆ reported 8% 29% 13% 15% ∆ constant currency 9% 24% 12% 14% Operating EBITA YTD Q3 2019 98 62 26 (11) 176 YTD
Slide 12: Income statement: IFRS 16 impact
Financials first nine months 2019 Page 12 Income statement Asia Holding EMEA Americas Total EUR million Pacific companies Impact IFRS 16 operating EBITA YTD Q3 2019 excluding IFRS 16 impact 97.9 62.1 25.6 (13.6) 172.0 Impact IFRS 16 0.2 0.2 0.2 3.1 3.7 YTD Q3 2019 including IFRS 16 impact 98.1 62.3
Slide 13: Free cash flow
Financials first nine months 2019 Page 13 Free cash flow Jan.1 - Sep. 30 Jan.1 - Sep. 30 EUR million change change 2019 2018 Operating EBITA 175.7 156.6 19.1 12% Depreciation 16.0 3.6 12.4 Operating EBITDA 191.8 160.3 31.5 20% Share based payments 2.0 1.6 0.4 IAS 17 lease payments (15.5) (15.5) Cape
Slide 14: Net debt/leverage
Financials first nine months 2019 Page 14 30 September 31 December 30 September Net debt/leverage 2019 2018 2018 Net Debt (EUR million) Net Debt excluding impact IFRS 16 601 611 620 IFRS 16 Net Debt 71 NA NA Reported Net Debt 672 611 620 Leverage ratio Reported (incl. full year impact of acquisition
Slide 15: Agenda
Page 15 Agenda • Company profile • Highlights first nine months 2019 • Financials first nine months 2019 • Outlook • Q&A
Slide 16: Outlook
Page 16 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 17: Agenda
Page 17 Agenda • Company profile • Highlights first nine months 2019 • Financials first nine months 2019 • Outlook • Q&A