Arkema Sa · EURONEXT:AKE
Arkema Sa — Q1 2017 Earnings Presentation
12 slides from Arkema Sa's earnings presentation, May 4, 2017
Slide 1: First Quarter 2017 Results
FIRST QUARTER 2017 RESULTS 4 MAY 2017
Slide 2: 1Q'17 Key Take-Aways
1Q’17 KEY TAKE-AWAYS +13.7% up YoY €2,152 m sales Driven by higher prices (+4.9%) and volumes (+4.6%) +17.5% up on strong 1Q’16 (€302 m) €355 m EBITDA An all time high in a quarter 16.5% EBITDA margin up on high 1Q’16 (16.0%) Up +39% YoY €147 m adjusted net income €1.94 adjusted net income per share
Slide 3: Recent Announcements
RECENT ANNOUNCEMENTS TECHNICAL POLYMERS PERFORMANCE ADDITIVES ACRYLICS FINANCING 25% Kynar® PVDF production New specialty molecular sieves Divestment of oxo-alcohol €700 m bond capacity increase in Changshu production capacities at business to INEOS (China) Honfleur, France 10-year maturity at a cou
Slide 4: Excellent Performance in 1Q'17
EXCELLENT PERFORMANCE IN 1Q’17 EBITDA REBIT EPS NET DEBT In €m In €m In € In €m +17.5% +27.7% +36.6% 34% GEARING 1,482 1,496 355 302 244 1.94 191 1.42 1Q'16 1Q'17 1Q'16 1Q'17 1Q'16 1Q'17 31/12/16 31/03/17 4 FIRST QUARTER 2017 RESULTS
Slide 5: 1Q'17 Key Figures
1Q’17 KEY FIGURES In €m (except EPS) 1Q’16 1Q’17 VARIATION Sales 1,893 2,152 +13.7% EBITDA 302 355 +17.5% EBITDA margin 16.0% 16.5% Recurring operating income (REBIT) 191 244 +27.7% REBIT margin 10.1% 11.3% Adjusted net income 106 147 +38.7% Net income – Group share 98 137 +39.8% Adjusted EPS (in eu
Slide 6: 1Q'17 Sales Bridge
1Q’17 SALES BRIDGE SALES In €m Scope Volumes Price of business Currency +4.6% +4.9% +3.2% +1.0% Good growth in Ongoing actions Integration of each of the to pass through Den Braven 3 divisions rising raw Divestments of materials Robust demand activated carbon 1,893 in most Improving and filter aid,
Slide 7: High Performance Materials
HIGH PERFORMANCE MATERIALS 1Q’17 KEY FIGURES 1Q’17 SALES DEVELOPMENT 1Q’17 SALES BY BUSINESS LINE In €m 1Q’16 1Q’17 Variation Volumes +4.1% Bostik Sales 868 976 +12.4% 26% 23% Prices +0.8% EBITDA 149 166 +11.4% Performance Additives Currency +0.3% EBITDA margin 17.2% 17.0% 51% Technical Rec. operati
Slide 8: Industrial Specialties
INDUSTRIAL SPECIALTIES 1Q’17 KEY FIGURES 1Q’17 SALES DEVELOPMENT 1Q’17 SALES BY BUSINESS LINE In €m 1Q’16 1Q’17 Variation Volumes +3.9% 12% PMMA Sales 586 644 +9.9% Prices +4.2% 34% Thiochemicals EBITDA 129 140 +8.5% 26% Currency +1.8% Fluorogases EBITDA margin 22.0% 21.7% 28% Hydrogen Rec. operatin
Slide 9: Coating Solutions
COATING SOLUTIONS 1Q’17 KEY FIGURES 1Q’17 SALES DEVELOPMENT 1Q’17 SALES BY BUSINESS LINE In €m 1Q’16 1Q’17 Variation Volumes +6.5% Sales 432 525 +21.5% Prices +14.1% Coating Resins 44% and Additives EBITDA 50 74 +48.0% 56% Currency +1.5% EBITDA margin 11.6% 14.1% Acrylics Rec. operating income 20 47
Slide 10: 1Q'17 Cash Flow
1Q’17 CASH FLOW In €m 1Q’17 EBITDA 355 • Reflects the usual seasonality of working capital, a strong start to the year and Change in working capital (1) (195) higher raw material prices • 15.6% working capital over annualized sales ratio versus 16.7% end of March 2016 Change in fixed assets payables
Slide 11: 2017 Outlook
2017 OUTLOOK Focus on internal drivers ● Positive momentum of Bostik and integration of Den Braven ● Innovation in high performance materials and downstream acrylics ● Recovery plan in Fluorogases ● Arkema will continue to adapt its pricing policy to reflect higher raw materials ● Operational excell
Slide 12: Disclaimer
DISCLAIMER The information disclosed in this document may contain forward-looking statements with respect to the financial condition, results of operations, business and strategy of Arkema. Such statements are based on management’s current views and assumptions that could ultimately prove inaccurate