Tessenderlo Group N.v. · EURONEXT:TESB
Tessenderlo — HY 2016 Earnings Presentation
13 slides from Tessenderlo's earnings presentation, Aug 24, 2016
Slide 1: Tessenderlo Group 2Q16 and HY16 Results
TESSENDERLO GROUP 2Q16 AND HY16 RESULTS Brussels, August 24, 2016 EVERY MOLECULE COUNTS ©Tessenderlo Group – 2Q16 and HY16 – August 24, 2016
Slide 2: Segment Agro HY16 key events
Segment Agro HY16 key events East Dubuque plant construction continues (US) East Dubuque terminal is completed, TKI is now acquiring the necessary permits to operate. Construction on the Thio-Sul® plant has started, scheduled to be completed in the second half of 2017. Research, development and
Slide 3: Segment Bio-Valorization HY16 key events
Segment Bio-Valorization HY16 key events Violleau (FR) Violleau is now 100% member of Akiolis. Within the Akiolis Group, Violleau develops organic soil amendment and fertilizer formulations from biomass and co-products (composting and pellets). La Tardière (FR) Akiolis has withdrawn from the co-
Slide 4: Segment Industrial Solutions HY16 key events
Segment Industrial Solutions HY16 key events Successful startup NaHS plant (US) In the first half of 2016, TKI started up its newly installed Sodium Hydrosulfide (NaHS) plant at the Billings, MT facility (facility within the joint-venture Jupiter Sulphur LLC). A new Electrolysis plant in Loos (F
Slide 5: Operational key figures
Operational key figures Remark: all quarterly information included is unaudited. 5 ©Tessenderlo Group – 2Q16 and HY16 – August 24, 2016
Slide 6: Group revenue per segment
Group revenue per segment HY16 revenue HY15 revenue (% of total) (% of total) 2% Agro 1% Agro 27% 29% Bio-valorization Bio-valorization 855.1 mio 40% 850.1 mio 43% euros Industrial euros Industrial Solutions Solutions Other Other 29% 29% 6 ©Tessenderlo Group – 2Q16 and HY16 – August 24, 2016
Slide 7: Group REBITDA per segment
Group REBITDA per segment HY16 REBITDA HY15 REBITDA (Million EUR) (Million EUR) 0.2 Agro -1.7 Agro 27.9 22.9 Bio-valorization Bio-valorization 120.4 mio -7.5 102.8 mio 13.4 euros Industrial euros Industrial 78.9 Solutions Solutions Other 89.1 Other 7 ©Tessenderlo Group – 2Q16 and HY16 – August 24, 2
Slide 8: Segment Agro
Segment Agro HY16 revenue decreased by -6.0% (equal impact when excluding the foreign exchange effect), mainly a consequence of the decrease of revenue within SOP Plant Nutrition. The HY16 rebitda decreased by -11.5% compared to prior year (equal impact when excluding the foreign exchange effect
Slide 9: Segment Bio-Valorization
Segment Bio-Valorization Revenue decreased by -2.0% in HY16 or increased by +1.3% when excluding the foreign exchange effect. The rebitda increased from -7.5 million EUR as per HY15 to 13.4 million EUR as per HY16. The HY15 result was negatively impacted by an inventory write-off, which was a co
Slide 10: Segment Industrial Solutions
Segment Industrial Solutions The HY16 revenue of the segment Industrial Solutions increased by 7.9% (or 9.0% when excluding the foreign exchange rate effect), being positively impacted by the businesses Plastic Pipe Systems and Performance Chemicals. The HY16 rebitda increased by 22.0% or by 22.
Slide 11: HY16 REBIT to profit details
HY16 REBIT to profit details Million EUR (6.7) The non-recurring items mainly relate to Net finance costs and income amount to -19.3 million EUR as per Tax expenses amount to -21.4 million EUR in the impact of an electricity purchase June 30, 2016, compared to 6.0 million EUR as per June 30, 2015. H
Slide 12: Outlook
Outlook Considering the lower SOP Plant Nutrition results in HY16 and its expectations for the full year, the Group anticipates that the 2016 REBITDA, compared to the 2015 REBITDA (180.4 million EUR), may grow around 15%. However the group wants to emphasize that it currently operates in a volatile
Slide 13: Questions?
QUESTIONS? EVERY MOLECULE COUNTS ©Tessenderlo Group – 2Q16 and HY16 – August 24, 2016