Solvay Sa · EURONEXT:SOLB
Solvay Sa — Shareholder Meeting (2021)
48 slides from Solvay Sa's shareholder meeting presentation, 2021
Slide 1: Shareholders' meeting 2021
2021 Shareholders’ meeting Ilham Kadri, CEO
Slide 2: 2020 Essential and stronger
2020 Essential and stronger EMANA
Slide 3: We lived our Purpose
We lived our Purpose We bond people, ideas and elements to reinvent progress Solidarity Unity Caring
Slide 4: 10,000 people working remotely
10,000 people working remotely
Slide 5: Bonding every week
Bonding every 6 weeks >1,000 Digital engagements Global Pulse Surveys Customers & investors >5,300 COCOs 14 Global town halls
Slide 6: Caring for all during Covid
Caring for all during Covid Up to 70% Full of base pay for employee up to 3 months globally health benefits
Slide 7: €15m donations
€15m donations
Slide 8: €600,000+ to secure education of impacted children
€600,000+ to secure education of impacted children
Slide 9: €100,000 for hospital in Devnya, Bulgaria
€100,000 for hospital in Devnya, Bulgaria
Slide 10: €100,000 for Indian guar farmers
€100,000 for Indian guar farmers
Slide 11: € millions for 6,500+ people
€ millions for 6,500+ people
Slide 12: Solvay One Planet
Solvay One Planet AgRHO® https://www.solvay.com/en/investors/toward-sustainable-investing-esg-information
Slide 13: Strong progress on sustainability targets
Strong progress 2018 2019 2020 Progress 2030 targets baseline vs 2018 Align GHG emissions with Paris Agreement and SBTi 12.6* Mt 12.0 Mt 10.1 Mt -20% Reduce by 26% (-2%/yr) CLIMATE -8% structural Phase out coal wherever renewable alternatives exist 33 PJ 32 PJ 27 PJ -18% Achieve 100% Reduce negative
Slide 14: Structural GHG reduction accelerated
Structural GHG reduction accelerated Our Commitments CAGR 2014-2018: -8% Paris Feb Paris Agreement 2% Accord 2020 CAGR 2018-2020: -4% Science Sep Based Targets 2020
Slide 15: 28 projects drive climate progress
28 projects drive climate progress Dombasle (FR) Linne Herten (NL) SOLVEO project -16 kt CO2/y -2 kt CO2/y -240 kt CO2/y January 2019 September 2020 2024 Green River (WY) : -112 kt CO2/yr. West Deptford (NJ) Welland (ON) -5 kt CO2/y December 2020 -30% on the power bill January 2020 consumption. Guns
Slide 16: Clean energy for manufacturing
Clean energy for manufacturing Solar Farm Jasper county, South Carolina, USA
Slide 17: Coal as primary source of energy since 160 years
Coal as primary source of energy since 160 years Rheinberg, Germany in 1930
Slide 18: Creating the new Soda Ash global GHG benchmark
Creating the new Soda Ash global GHG benchmark in the world Rheinberg, Germany today
Slide 19: Circularity: No more EV battery waste!
No more EV battery waste! Circularity
Slide 20: Parental leave for all
Parental leave for all Jorge Ordonez-Cordova, Dr. Bright Kusema, Peihan Shi, João Pancotto, USA USA China Brasil 16 weeks for all
Slide 21: 2020 Resilience
2020 Resilience Udel®
Slide 22: Net Sales €8,965m
Net Free Underlying Stable Sales Cash Flow EBITDA dividend € 8,965 m € 963 m € 1,945 m € 3.75 7 consecutive 22% EBITDA positive quarters margin
Slide 23: Record cash generation
Record cash generation 51% 28% 26% FCF 19% 19% FCF conversion 2% 346 377 566 606 963 -1 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 page 23
Slide 24: Record cost savings €332m
Record cost savings Restructuring Indirect spend discipline Production efficiency € 332 m Temporary savings
Slide 25: €2.2 billion of deleveraging
€2.2 billion of deleveraging* Investment grade sustained Underlying Pension net financial debt obligations €-1.4bn 5,538 5,386 4,198 4,157 €-0.8bn 2,500 1,800 1,800 1,800 3,586 3,038 2,672 2,694 2,398 2,357 2,209 1,854 1/1/2019 31/12/2019 31/12/2020 31/03/2021 1/1/2019 31/12/2019 31/12/2020 31/03/202
Slide 26: Portfolio upgrade
Polyamide divestiture 6 commodity business lines Portfolio (Closed, 2020) (Divested, 2020) upgrade Bolt-on Exploring acquisition options for (Feb 2021) Oil & Gas
Slide 27: Transforming
Transforming Customer obsessed One Team
Slide 28: Re invent tomorrow
Re invent tomorrow https://solvaycity.solvay.com/
Slide 29: Clean water
Clean water Oxystrong® Disinfecting municipal wastewater
Slide 30: From farm…
From farm… Bio-based guar seeds offer eco-friendly hair care solutions
Slide 31: ...To shower
...To shower Polycare® Split Therapy new split ends repair formulation
Slide 32: Clean fuel
Clean fuel Aquivion® solutions
Slide 33: Clean driving
Clean driving Solef® PVDF EV battery
Slide 34: Safe...
Safe... Disinfectants Actizone™
Slide 35: ...and healthy
...and healthy Udel® PSU used for membrane filtration, such as renal dialysis
Slide 36: Hyper...
S ww SOLVAY Ryton® PPS for 5G
Slide 37: … and cool digital
… and cool digital Galden® PFPE Cooling IT servers
Slide 38: Clean flying
Clean flying Composite structures for New Urban Mobility
Slide 39: From rice waste…
From rice waste... Rice husk |
Slide 40: ...to fork
...to fork Rhovanil® Natural CW for bio-sourced vanillin
Slide 41: Clean Air
Clean Air SOLVAir® for gas treatment on land and vessels
Slide 42: Q1 2021 Recovery
Q1 2021 Recovery Composite
Slide 43: 90% of markets served recovering
90% of markets served recovering Resilient through 2020 (30%) On track back to 2019 levels (~60%) Slower recovery (<10%) All % references full year 2020 figures Sources: Market recovery expectations derived from Oxford Economics (except Automotive - LMC production volume) and revised by Solvay Strate
Slide 44: Q1 Recovery
Q1 Recovery Net Free Underlying Costs Sales Cash Flow EBITDA savings € 2.4 bn € 282 m € 583 m € 80 m 8 consecutive 24.6% EBITDA positive quarters margin
Slide 45: Outlook 2021
Outlook 2021 EBITDA FREE CASH in a range between FLOW € 2.0 bn - € 2.2 bn € 650 m
Slide 46: Investing in people
Investing in people More More More sales digital innovation
Slide 47: Reinvesting in capacities
Reinvesting in capacities EV batteries Bio-based Electronics care Biosourced Automotive Healthcare ingredients
Slide 48: Reinventing progress
Reinventing progress JaGUAR®