Imcd N.v. · EURONEXT:IMCD
Imcd — Shareholder Meeting (June 2021)
30 slides from Imcd's shareholder meeting presentation, Jun 22, 2021
Slide 1: One company. Endless possibilities. Annual General Meeting
One company. Endless possibilities. Annual General Meeting 22 June 2021
Slide 2: Agenda
1. Opening AGENDA Annual General meeting 1. Opening 2. Review 2020 3. Discharge 4. Proposal to re-appoint Deloitte Accountants B.V. for the financial year 2021 (voting point) 5. Designation of the Management Board to issue shares and exclude pre-emptive rights 6. Authorization of the Management Boar
Slide 3: 1. Opening
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Slide 4: Creating a world of opportunity
Creating a world of opportunity 4
Slide 5: 2. Review 2020
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Slide 6: 2.a. Presentation by the Management Board on the financial year 2020
2.a. Presentation by the Management Board on the financial year 2020 6
Slide 7: Income statement
Income statement fx adj. EUR million 2020 2019 change change change Revenue 2.775 2.690 85 3% 6% Gross profit 647 599 48 8% 11% Gross profit in % of revenue 23,3% 22,3% 1,0% Operating EBITA¹ 254 225 29 13% 16% Operating EBITA in % of revenue 9,1% 8,4% 0,7% Amortisation of intangible assets (56) (44)
Slide 8: Balance Sheet
Balance Sheet EUR million 31 December 2020 31 December 2019 change Property, plant and equipment 27 29 (2) Right-of-use assets 68 61 7 Intangible assets 1.567 1.141 426 Other fin. assets/def tax assets 44 40 4 Working capital 443 436 7 Provisions/employee benefits (34) (28) (6) Deferred tax liabilit
Slide 9: Free cash flow
Free cash flow EUR million 2020 2019 change Operating EBITA 254 225 29 Depreciation 26 22 4 Operating EBITDA 279 247 32 Lease payments (26) (22) (4) Share based payments 5 3 2 Adjusted Operating EBITDA 258 228 30 Capex (7) (5) (1) 1 ∆ Working capital 31 (1) 31 Free cash flow 282 222 60 2 Cash conver
Slide 10: Cash EPS - proposed dividend
Cash EPS - proposed dividend EUR million 2020 2019 change change Result for the year 121 108 13 12% Amortisation of intangible assets 57 44 Tax credits related to amortisation (5) (3) Cash earnings 173 149 23 16% Weighted average number of share (x milion) 53,7 52,4 Cash earnings per share (weighted
Slide 11: Highlights Q1 2021
1. Opening Highlights Q1 2021 GROSS PROFIT ● Gross profit growth of 12% to EUR 197.6 million (+17% on a constant currency basis) OPERATING EBITA ● Operating EBITA increase of 28% to EUR 90.6 million (+34% on a constant currency basis) NET RESULT ● Net result before amortisation and non-recurring ite
Slide 12: 2.b. Presentation by the external auditor on the audit of the 2020 financial statements
2.b. Presentation by the external auditor on the audit of the 2020 financial statements 12
Slide 13: Presentation on the 2020 audit
IMCD N.V. Presentation on the 2020 audit Annual General Meeting of Shareholders
Slide 14: Audit 2020
Audit 2020 Management letter Audit plan Supervisory Board report Revenue recognition, goodwill Evaluation of the audit impairment, management override and Opinion: True and fair view Signet acquisition most important risks Materiality EUR 12.4 million Company risk assessment Fraud risk assessment Ri
Slide 15: Deloitte Accountants B.V. report notice
Deloitte Accountants B.V. Flight Forum 1 5657 DA Eindhoven P.O. Box 376 5600 AJ Eindhoven The Netherlands Tel: +31 (0)88 288 9111 This report Fax: has been +31 (0)88 prepared solely for the use of the Audit Committee, Supervisory Board and Executive Board of IMCD N.V. and should not be distributed o
Slide 16: 2.c. Remuneration Report 2020 (voting point – advisory vote)
2.c. Remuneration Report 2020 (voting point – advisory vote) 16
Slide 17: 2.d. Proposal to adopt the 2020 financial statements (voting point)
2.d. Proposal to adopt the 2020 financial statements (voting point) 17
Slide 18: 2.e. Proposal to adopt a dividend of EUR 1.02 per share in cash
2.e. Proposal to adopt a dividend of EUR 1.02 per share in cash (voting point) 18
Slide 19: 3. Discharge
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Slide 20: 3.a. Discharge of the Management Board members (voting point)
3.a. Discharge from liability of the members of the Management Board for the performance of their duties in 2020 (voting point) 20
Slide 21: 3.b. Discharge of the Supervisory Board members (voting point)
3.b. Discharge from liability of the members of the Supervisory Board for the performance of their duties in 2020 (voting point) 21
Slide 22: 4. Proposal to re-appoint Deloitte Accountants B.V. for 2021
4. Proposal to re-appoint Deloitte Accountants B.V. for the financial year 2021 (voting point) 22
Slide 23: 5. Designation of the Management Board to issue shares and exclude pre-emptive rights
5. Designation of the Management Board to issue shares and exclude pre-emptive rights 23
Slide 24: 5.a. Designation to issue shares (voting point)
5.a. Designation to issue shares (voting point) 24
Slide 25: 5.b. Designation to restrict or exclude pre-emptive rights
5.b. Designation to restrict or exclude pre-emptive rights on shares as described under 5.a. (voting point) 25
Slide 26: 6. Authorization of the Management Board to acquire shares (voting point)
6. Authorization of the Management Board to acquire shares (voting point) 26
Slide 27: 7. Any other business
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Slide 28: 8. Closing
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Slide 29: Our ambition is to exceed your expectations.
F Find us on: Our ambition is to exceed your expectations. We deliver what we promise. www.imcdgroup.com
Slide 30: Disclaimer
Disclaimer The content in this presentation is provided to you by IMCD N.V. (“IMCD”) and intended for your personal information only. All information appearing herein is based on our present knowledge and experience (“as is”) and IMCD makes no representations as to its accuracy or sufficiency. To th