Imcd N.v. · EURONEXT:IMCD
Imcd — 9M 2016 Earnings Presentation
16 slides from Imcd's earnings presentation, Nov 16, 2016
Slide 1: Conference Call First nine months 2016
CONFERENCE CALL First nine months 2016 IMCD N.V. 16 November 2016
Slide 2: Disclaimer
Disclaimer 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 uncer
Slide 3: Presenting team
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 • 20 years of industry experience • 21 years of industry experience 3
Slide 4: Agenda
Agenda • Company profile • Highlights first nine months 2016 • Financials first nine months 2016 • Outlook • Q&A 4
Slide 5: Company profile
Company profile IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its dedicated local experts provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive product por
Slide 6: Agenda
Agenda • Company profile • Highlights first nine months 2016 • Financials first nine months 2016 • Outlook • Q&A 6
Slide 7: Highlights first nine months 2016
Highlights Highlights first nine months 2016 Gross profit growth of 15% to EUR 286.9 million (+19% on a constant currency Gross profit basis) Operating Operating EBITA increase of 17% to EUR 112.8 million (+21% on a constant EBITA currency basis) Net result before amortisation and non-recurring item
Slide 8: Agenda
Agenda • Company profile • Highlights first nine months 2016 • Financials first nine months 2016 • Outlook • Q&A 8
Slide 9: Key figures
Financials first nine months 2016 Key figures Jan. 1 - Sept. 30 Jan. 1 - Sept. 30 Fx adj. Full year EUR millio n 2016 2015 Change Change change 2015 Revenue 1,305.8 1,139.4 166.4 15% 18% 1,529.8 Gross profit 286.9 249.4 37.4 15% 19% 332.8 Gross profit in % of revenue 22.0% 21.9% 0.1% 21.8% Operating
Slide 10: Income statement
Financials first nine months 2016 Income statement Asia Holding EMEA Americas Total EUR million Pacific companies Revenue YTD Q3 2016 805.5 237.6 262.7 1,305.8 YTD Q3 2015 798.6 227.7 113.1 1,139.4 ∆ reported 1% 4% 132% 15% ∆ constant currency 3% 7% 141% 18% Gross profit YTD Q3 2016 190.2 44.5 52.1
Slide 11: Free cash flow
Financials first nine months 2016 Free cash flow Jan. 1 - Sept. 30 Jan. 1 - Sept. 30 EUR million Diff. Full year 2015 2016 2015 Operating EBITA 112.8 96.3 16.5 128.3 Depreciation 3.2 2.5 0.7 3.5 Operating EBITDA 116.0 98.8 17.2 131.8 Share based payments 1.1 0.5 0.6 0.7 Capex (4.1) (2.4) (1.7) (3.2)
Slide 12: Net Debt structure adjustments
Agenda Net Debt structure adjustments Amend and extend of existing EUR 500 million banking facilities: • Extension maturity with one year to 2021 • Reallocation between term facility and revolving facilities • Improvement leverage covenants: • Fixed leverage covenant of 3.5 • Acquisition spike with
Slide 13: Financials first nine months 2016
Financials first nine months 2016 13
Slide 14: Agenda
Agenda • Company profile • Highlights first half year 2016 • Financials first half year 2016 • Outlook • Q&A 14
Slide 15: Outlook
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. Furthermore
Slide 16: Agenda
Agenda • Company profile • Highlights first half year 2016 • Financials first half year 2016 • Outlook • Q&A 16