Wendel Se · EURONEXT:MF
Wendel — Stahl — Investor Day (December 2022)
12 slides from Wendel's investor day presentation, December 2022
Slide 1: Stahl 2022 Investor Day
Stahl 2022 Investor Day 2022 2021 1
Slide 2: The global leader in specialty formulations for coatings and surface treatments
Stahl The global leader in specialty formulations for coatings and surface treatments with a distinctive focus on innovation and sustainability • A successful growth story, notably €221m through market consolidation equity invested since 2006 • A global player with leading positions across all its e
Slide 3: Maarten Heijbroek, CEO of Stahl
Maarten Heijbroek, CEO of Stahl Maarten is in his second year as Chief Executive Officer at Stahl. He has delivered solid financial performance in his first year whilst defining a new strategic direction for Stahl Prior to Stahl he worked at Croda International for 16 years, was on their Executive C
Slide 4: Wendel
WENDEL
Slide 5: Stahl at a glance
Stahl at a glance Sales by business Sales by region in 2021 in 2021 North RoW The global leader in specialty America coatings & surface treatments 14% 10% for flexible materials Distinctive focus on innovation and sustainability 32% 44% Asia EMEA 34% 37% €831m sales in 2021 Sales by end markets Wet-
Slide 6: Strong performance despite inflationary pressure
Strong performance despite inflationary pressure Annual performance (€M) Leverage(1) (at end of period) Sales Leverage (Net Debt / EBITDA) 882.3 EBITDA 808.7 831.3 1.9x 669.4 1.7x 183.5 152.2 179.9 175.1 Net debt (as of June. 30 2022 including IFRS 16) 0.8x 0.8x €183.8m 2019 2020 2021 June LTM EBITD
Slide 7: What is Stahl today?
What is Stahl today ? Stahl addresses attractive markets with positive growth trends Undisputed leading positions in select end-markets protected by high barriers to entry Exposure to diversified end-markets and geographies with strong focus on premium/luxury applications Efficient and asset-light p
Slide 8: CEO vision – Medium term plan
CEO vision – Medium term plan Further expansion of our core Specialty Coatings franchise is the central pillar in our new strategic plan Offering high performing surface technology for different types of flexible materials Increasing levels of premiumization & specialization ESG driving our innovati
Slide 9: What will make us stand out in the market
What will make us stand out in the market To support our strategy, we continue to develop our differentiating competencies and professionalize our company through: ▪ Deep levels of (technical) customer intimacy ▪ Accelerated Innovation ▪ Targeted specialty coatings acquisitions ▪ Further development
Slide 10: ESG leader ahead of regulation
Stahl is the clear ESG leader in its industry ESG leader Ahead of regulation What are customers looking for? Key Regulatory Developments EU REACH(1) EU Green Deal EU Taxonomy Suppliers who can help them Suppliers with full supply chain Protection of human Transition of the EU Prevents mitigate their
Slide 11: Stahl has mitigated the consequences of inflation
Stahl has mitigated the consequences of inflation Stahl has recently experienced macro-economic headwinds and unprecedented raw material cost increases Stahl has successfully implemented a series of price increases, compensating for volume reduction and protecting profitability, across our business
Slide 12: Key takeaways
Key takeaways Robust market leading business We will seek to further expand our and strong cash conversion, core specialty coatings franchise, well positioned to be a winner by investments and acquisitions in a more sustainable world Customer intimacy and Ability to withstand complex market continuo