Symrise Ag · XETR:SY1
Symrise — Non-Deal Roadshow (July 2019)
21 slides from Symrise's roadshow presentation, July 2019
Slide 1: Symrise Investor Presentation
DISCLAIMER: ”The following document contains protected and confidential information from Symrise and must be kept in confidence. This information may not be used by anyone who obtains it if Symrise has not granted written permission to do so.” Symrise Investor Presentation Dr. Heinz-Juergen Bertram
Slide 2: Symrise Overview
Symrise Overview Symrise’s products provide exciting flavor and Based on fragrance experiences and contribute to the health and well-being of consumers in ~10,000 ~160 Furthermore, for solutions in the health and personal mostly natural raw care application areas, we provide materials biofunctional
Slide 3: Industry: An attractive niche
Industry An attractive niche Megatrends support organic growth: Industry tied to population growth and …health & wellness … middle class boom & urbanization … naturalness & disposable income; little dependence on cyclical, sustainability … traceability … vegetarian food … economic trends. High marke
Slide 4: Products and solutions for every need
Products and solutions for every need We operate our business through three segments Sales development In €m FLAVOR NUTRITION SCENT & CARE Flavor Diana Fragrances Cosmetic Ingredients Aroma Molecules Beverages Food Fine fragrances Cosmetic actives Scent componentsMargin Savory Pet food Consumer frag
Slide 5: Corporate strategy
Corporate strategy Consequent strategy implementation pays off Vision Vision Strategic priorities Growth Growth Efficiency Portfolio Focus on organic growth by implementation · Growth in Emerging · Specific efficiency · Portfolio expansion in of incremental growth projects and capacity Markets progr
Slide 6: Well-balanced Business Portfolio
Well-balanced Business Portfolio across segments, customers, regions and markets Symrise’s 12 largest customers Sales distribution by Segment Sales distribution by Region Distribution by division / BU Latin 1. Nutrition America 2. 3. Scent & Care Asia/Pacific EAME 4. 5. North Legend Flavor 6. Americ
Slide 7: Beyond traditional Flavor & Fragrances
Beyond traditional Flavor & Fragrances Building a unique portfolio Our portfolio today External growth – selected acquisitions 2006-2018 S&C Kaden Biochemicals T rilogy Flavors F&N Our unique backward integration • Industry-leading backward integration • Naturals and synthetics, e.g. Vanilla, Onion,
Slide 8: Scent & Care using Artificial Intelligence
Scent & Care using Artificial Intelligence IBM Research and Symrise bring fragrance into the digital age — Symrise partnered with IBM Research to create PHILYRA, an AI digital model that disrupts the status quo for fragrance development. — A revolution in fragrance creation. The last major innovatio
Slide 9: Scent & Care using Artificial Intelligence: O Boticario
Scent & Care using Artificial Intelligence O Boticario Fragrances Egeo ON You and ON Me June 2019 : The first PHILYRA project launched with O Boticario, the #1 Brazilian Fragrance Company — PHILYRA created two fine fragrances for the youth-oriented EGEO brand The AI fragrances scored higher than mar
Slide 10: Backward integration
Backward integration Serving the trend towards naturals & traceability 1. Strategic acquisitions that enable 4. Long-term contracts and us to move closer to the origin of the raw sustainability partnerships with materials we process. commitment to purchase e.g. for d/l- menthol or bergamot. 3. Partn
Slide 11: Growth and Sustainable Business
Growth and Sustainable Business by implementing the UN Sustainable Development Goals United Nations Sustainable We actively measure our progress Recent awards received Development Goals Carbon Disclosure Project Top rating in the categories air, water, forest EcoVadis Gold status for corporate socia
Slide 12: Vanilla for Change initiative
“Vanilla for Change” initiative Shaping the future of young people in Madagascar and the UK “Vanilla for Change” initiative 383.0 − Joint initiative with Unilever, its brand Wall’s, Save the +16.2% Children, ME to WE and Symrise, launched on May 17, 2019 1,378.5 − Goal is to reinforce 682.0 the supp
Slide 13: Sales and EBITDA
Sales and EBITDA Profitable growth and creating value since IPO Development of Sales / EBITDA Sales and EBITDA in €m, margin in % 22%** EBITDA margin 19.8 21.3 19.9 18.0 21.1 20.0 19.5 20.4 21.9 22.0 21.5 21.0 20.0 19% CAGR 06-18 8.2 % Sales 1,229 1,275 1,320 1,362 1,572 1,584 1,735 1,830 2,120 2,60
Slide 14: Financial Highlights 2018
Financial Highlights 2018 Symrise records another year of outstanding sales growth Sales Cash flow Net Debt from operating activities € 3,154m +12% € 1,380m € 442m +5.3% +8.8% Net Debt (including pensions) in reporting currency Organic growth New KPI since 2018 Business Free Cash Flow* € 1,893m EBIT
Slide 15: Q1 2019: On track for strong growth
Q1 2019 On track for strong growth Symrise Group Sales by Region in € million Sales in € million (Organic growth in %) 8.2% 1.1% 9.3% 383.0 8.5 +16.2% 63.4 682.0 1,378.5 776.9 848.8 +6.4% +12.4% EAME Northern America Asia/Pacific Q1 2018 Organic Portfolio FX Q1 2019 710.6 Latin America growth +6.1%
Slide 16: Investment Highlights
Investment Highlights Diversified, stable and profitable growth Broadest product portfolio in the industry …pet food… probiotics… cosmetics… flavors … fragrances… aroma Highest growth rates in the industry molecules … aqua … Leading supplier of consumer ingredients Strong focus on new technologies a
Slide 17: Outlook 2019
Outlook 2019 Confident to achieve targets Targets 2019* Growth dynamics — Grow faster than Organic growth Promising start into 2019 Ongoing good business the relevant market dynamics and project pipeline 5-7% > 3-4% CAGR — Added competencies and further differentiated portfolio through integration o
Slide 18: Driving growth through targeted investments
Driving growth through targeted investments … especially in R&D, technology and capacity expansion Selected growth initiatives 2018 Pet Food Pet Food Fragrances Cosmetic Ingredients and capacity expansion Elven/France Cervera/Spain Shanghai/China Charleston/USA In €m Production. €10m Production. €7m
Slide 19: Carefully selected acquisitions like ADF/IDF
… and carefully selected acquisitions like ADF/IDF A unique provider of meat- and egg-based protein ADF/IDF • is operating 2 business segments… … serving a diversified client base Key multinationals $136m Long-standing relationship Chicken 62 % Recurring and stable revenue $84m Egg 38 % Growing regi
Slide 20: Objectives 2025
Objectives 2025 Supported by our proven strategy Financial goals 2020 2025 Financial goals 2020 2025 Sales Salesgrowth growth 5 –57–%7 pa % pa (CAGR) (CAGR) 5 – 7 % pa (CAGR) 5 – 7 % pa (CAGR) Sales Salesinin Emerging markets Emerging markets > > 50 %50 % > 50 % > 50 % Customer Customer mix mix 1/31
Slide 21: Financial Calendar & Contact
Symrise AG Financial Calendar & Contact — — Financial Calendar Contact August 8, 2019 Symrise AG H1 2019 results Mühlenfeldstraße 1 37603 Holzminden, Germany October 29, 2019 9M 2019 trading statement Tobias Erfurth Investor Relations [email protected] Tel +49 5531 90-1879 Disclaimer: This