DSM Capital Markets Day 2018
|
|
- Bernadette Dickerson
- 5 years ago
- Views:
Transcription
1 DSM Capital Markets Day 2018 Targets 2021 focused on growth, cash and value Geraldine Matchett CFO ROYAL DSM CAPITAL MARKETS DAY LONDON (UK) - 20 JUNE 2018
2 Safe harbor statement This presentation may contain forward-looking statements with respect to DSM s future (financial) performance and position. Such statements are based on current expectations, estimates and projections of DSM and information currently available to the company. DSM cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. DSM has no obligation to update the statements contained in this presentation, unless required by law A more comprehensive discussion of the risk factors affecting DSM s business can be found in the company s latest Annual Report, which can be found on the company's corporate website, Page 1
3 Strategy Update: Growth & Value - Purpose led, Performance driven. Health & Nutrition Climate & Energy Resources & Circularity Focus Grow Enable Purpose sets scope for DSM s further portfolio evolution: Focus on growth in Nutrition, Health and Sustainable Living Organic growth enhanced by: Customer centricity Solutions-oriented approach Innovation focus Enabling programs for accelerated growth: Inorganic growth further evolving portfolio: Predominantly in Nutrition Performance-driven organization, leadership & culture Digitization Sustainability leadership 2021 Targets 1 High single-digit percentage annual Adj. EBITDA increase ~10% average annual Adj. Net Operating Free Cash Flow 2 increase Value-creating M&A 1. Based on underlying business, 2018 Base Line corrected for the temporary vitamin effect 2. Adjusted net operating free cash flow is cash flow before share purchases for options/ exercise of options, interest, dividend, M&A and financing activities Page 2
4 Ambitious targets set on a higher base Targets Achievements 2021 Targets 1 EBITDA High-single digit % annual increase from ~ 1.0bn 13% CAGR High-single digit % annual increase from ~ 1.5bn Adj. Net Operating Free Cash Flow ~5% CAGR ~10% average increase per year ROCE High double-digit annual bps growth from ~7% ~200 average bps growth per year 2 Ambition of ~1% annual increase on ~13% 1. Based on underlying business, 2018 baseline is corrected for the temporary vitamin effect 2. Approximation using 2018E. For Nutrition, based on underlying business corrected for best estimate of the temporary vitamin effect 3. Adjusted net operating free cash flow is cash flow before share purchases for options/ exercise of options, interest, dividend, M&A and financing activities Page 3
5 2021 Targets achieved by growth and capital efficiency 2021 Targets 1 Ambitions underpinning Group targets 1 High single-digit percentage annual Adj. EBITDA increase ~10% average annual Adj. Net Operating Free Cash Flow 2 increase 1. Sales 2. Adj. EBITDA margin 3. Working capital 4. Capex 5. ROCE 6. Adj. EPS Above-market sales growth (~5%) for Group, Nutrition and Materials Nutrition: >20% Materials: 18-20% Reduce by 50 bps annually to ~16% ~6.5% of sales ~1%-point increase per annum Increase ahead of Adj. EBITDA growth 1. Based on underlying business, 2018 baseline is corrected for the temporary vitamin effect 2. Adjusted net operating free cash flow is cash flow before share purchases for options/ exercise of options, interest, dividend, M&A and financing activities Page 4
6 1 DSM will continue its above-market growth Nutrition Materials 4% 2% 0% 8% 6% 4% 2% 0% Human Nutrition organic growth 2-3% Market ~5% DSM CAGR 2-3% Market ~5% DSM ambition % 12% 10% 8% 6% 4% 2% 0% Animal Nutrition organic growth 2-3% Market ~8% DSM CAGR 2-3% Market ~5% DSM ambition % 12% 10% 8% 6% 4% 2% 0% ~3% Market ~5% DSM CAGR 1 1,2 Materials volume growth ~3% Market ~5% DSM ambition Approximation using 2018E. In Nutrition, underlying business corrected for best estimate of the temporary vitamin effect 2. Continuing operations Page 5
7 1 Well-balanced geo-split provides natural hedge for growth & FX impact Geographical footprint Sales by origin and destination FY % 25% 23% 22% 4% 2% 9% 17% 8% 12% 12% 13% 5% 15% 1% 3% NL CH Rest of Europe North America LatAm China APAC RoW Sales by origin Sales by destination Page 6
8 2 Improving margins by further shift to higher-margin, specialty solutions Nutrition Materials 25% 23% 21% 19% 17% 15% 13% 11% 9% 7% 5% 3% 1% -1% 16.6% 18.0% Temporary vitamin benefit 18.9% >20% Ambition % 23% 21% 19% 17% 15% 13% 11% 9% 7% 5% 3% 1% -1% 15.2% 17.3% 17.3% % Ambition Continuing operations 2. Approximation using 2018E. In Nutrition, underlying business corrected for best estimate of the temporary vitamin effect Page 7
9 2 Growing while retaining efficiency is safeguarding margins Anchoring of support function savings Functional costs reduced significantly Anchoring efficiencies ensuring stable costs in top-quartile benchmark Total support function costs as % of sales Baseline Ambition 2021 Anchoring functional cost levels Returns-focused M&S organization Focus on effectiveness of M&S organization while growing the business Effectiveness anchored around core KPIs 1. Approximation using 2018E. In Nutrition, underlying business corrected for best estimate of the temporary vitamin effect 2. Total support function costs incl. Finance, GP&O, GiS/IT, Indirect Purchasing, Communications and Legal costs Page 8
10 3 DSM aims bringing down Average Total Working Capital to ~16% 35% 30% 25% 20% 15% 10% 5% 0% Strategy 2018 accomplishments 20.7% 29.4% 14.8% 28.1% 18.6% 18.4% Avg. total working capital as % of sales 26.6% Ambitions underpinning Targets 2021 ~16.0% ~23.0% 12.5% 12.2% ~12.0% Working Capital improvement from: Inventory reduction: Customer-centric supply chain and Digitization enable customer behavior modelling Accounts receivable optimization: Automation and data analytics support optimal customer terms, identification of customers enabling corrective actions, etc. DSM Group Nutrition Materials 1. Continuing operations 2. Approximation using 2018E. In Nutrition, underlying business corrected for best estimate of the temporary vitamin effect Page 9
11 4 Strict capex allocation: investments focused on growth and efficiency Strategy 2018 accomplishments ~625 Ambitions underpinning Targets % 6.0% 6.3% ~6.5% Strategy 2018 capital allocation: Strict and targeted allocation to growth areas focus on enhancing Nutrition capabilities (2/3 capex in Nutrition) ~50-60% of capex focused on growth Nutrition Materials Other Capex as % of sales 1. Continuing operations Page 10
12 5 EBITDA growth and capital efficiency drive ROCE improvement Strategy 2018 accomplishments Ambitions underpinning Targets 2021 Ambition of ~1%-point ROCE increase per annum 30% 10% 10% 30% 10% 10% 30% DSM Group Temporary vitamin benefit 7.6% 10.4% 12.3% Underlying business 2021 Nutrition 10.3% 12.0% 14.1% Materials ~16% 3 3 ROCE could be negatively impacted by M&A-related intangibles and goodwill After M&A, DSM aspires to bring ROCE to ~15% as soon as possible 10% 14.4% 17.6% 20.0% 10% Continuing operations 2. Approximation using 2018E. In Nutrition, underlying business corrected for best estimate of the temporary vitamin effect 3. Estimate excluding M&A Page 11
13 6 Stronger free cash flow and earnings per share 1 High single-digit annual Adj. EBITDA growth Improving EBITDA margins Average Total Working Capital reduction Balanced capex Tax Supported by abovemarket sales growth (~5%) in all businesses Nutrition: Materials: >20% 18-20% Reduce to ~16% Disciplined capex; focus: growth & Nutrition (~6.5% of sales) 18-20% ~10% average annual increase of Adj. Net Operating Free Cash Flow Earnings per share to increase ahead of Adj. EBITDA growth 1. Based on underlying business, 2018 baseline is corrected for the temporary vitamin effect Page 12
14 Cash allocation policy unchanged 1 st Disciplined 2 nd 3 rd 4 th capex for organic growth Dividend M&A Share buy-backs ~2/3 in Nutrition ~50-60% focused on growth Stable, preferably rising Prudent and disciplined approach Value creation is key To be considered in the absence of value-creating M&A Mid-term capital structure: x net debt / Adj. EBITDA Committed to maintaining a strong investment grade credit rating Page 13
15 Stable, preferably rising dividend policy; step-up linked to cash generation Dividend per ordinary share ( ) Maintaining dividend policy: stable and preferably rising Proposal to increase ordinary dividend with 25% over 2018 to 2.30 per share Reflecting future earnings/ cash generation DSM to pay one third of the proposed dividend over 2018 ( 0.77 per ordinary share) as interim dividend in August Interim dividend Final dividend DSM s performance expected to result in further dividend growth As a result, expected average payout of 40-50% of adjusted (underlying) earnings 1. Subject to AGM approval Page 14
16 Balance sheet to enable organic and inorganic growth 00% 57% 14% 71% 28% 85% 42% 99% 56% 13% 70% 84% 41% 55% 12% 69% 26% 83% 40% 97% 54% 11% 68% 25% 82% 39% 53% 10% 24% 81% 38% 95% 52% 09% 66% 23% 80% 37% 94% 51% 08% 22% 79% 93% 50% 07% 64% 21% 78% 35% 92% 49% 06% 63% 20% 77% 91% 48% 62% 19% 76% 33% 90% 47% 04% 61% 18% 75% 32% 89% 46% 60% 17% 74% 31% 88% 45% 02% 59% 16% 73% 30% 87% 44% 01% 58% 15% 29% 86% 43% 00% 57% 14% 71% 28% 85% 42% 99% 56% 13% 70% 27% 84% 41% 98% 55% 12% 69% 26% 83% 40% 97% 54% 11% 68% 25% 82% 39% 96% 53% 10% 67% 24% 81% 38% 95% 52% 09% 66% 23% 80% 37% 94% 51% 08% 65% 22% 79% 36% 50% 07% 64% 21% 78% 35% 92% 49% 06% 63% 20% 77% 34% 91% 48% 05% 19% 76% 33% 90% 47% 04% 61% 18% 75% 32% 89% 46% 03% 60% 17% 74% 88% 45% 02% 59% 16% 73% 30% 87% 44% 01% 58% 15% 72% 29% 86% 43% 57% 14% 71% 28% 85% 42% 99% 56% 13% 70% 27% 84% 41% 55% 12% 26% 83% 40% 98% 69% 00% 31% 62% 93% 72% 03% 34% 05% 65% 36% 96% 67% 27% 98% 0% Debt maturity profile Healthy debt maturity profile DSM linked GHG emission reduction to interest rate in new 1bn Revolving Credit Facility Net debt at 578m (as per Q1 2018) Extracting value from remaining partnerships will provide further financial headroom No significant liabilities in DSM s pension funds Page 15
17 Key assumptions No major macro-economic downturn assumed Global GDP growth rate of ~3.8% 1 is assumed for Stable geopolitical environment No major shifts in key raw materials pricing assumed Well-balanced profile provides protection against certain risks No product/ customer represents more than 5% of underlying group sales and profit Sound geographical and segment distribution provide natural hedge for growth Assumed FX rates and sensitivities USD: 1.18 CHF: 1.16 BRL: 3.90 RMB: 7.90 Hedging of ~50% of key USD and CHF exposure to EUR Rules of thumb: Adj. EBITDA impact before hedging - at current FX: 1 ct USD = ~ 12m 1 ct CHF = ~ 5m 10 ct BRL = 2.5m 3.5m 10 ct RMB = ~ 1m 1. According to IMF World Economic Outlook Database, April % change of GDP at constant prices: (2019), (2020), (2021) Page 16
18 DSM Strategy: Growth & Value Purpose led, Performance driven DSM s key competences 2021 Targets 1 : Future-proof provide growth opportunities in the focus-domains Nutrition & Health Climate & Energy creating a growth company high single-digit % annual increase Adj. EBITDA addressing megatrends/sdgs Resources & Circularity Sustainable Living ~10% average annual increase Adj. Net Operating Free Cash Flow Global Megatrends SDGs Science based company in Nutrition, Health & Sustainable Living Value-creating M&A 1. Based on underlying business, 2018 baseline is corrected for the temporary vitamin effect Page 17
19
Life Sciences and Materials Sciences Rolf-Dieter Schwalb, CFO Royal DSM. Capital Markets Day, 5 November Page
Life Sciences and Materials Sciences Rolf-Dieter Schwalb, CFO Royal DSM Capital Markets Day, 5 November 2014 Safe harbor statement This presentation may contain forward-looking statements with respect
More informationDSM Investor Event 2017
DSM Investor Event 2017 Feike Sijbesma CEO Geraldine Matchett CFO ROYAL DSM HEALTH NUTRITION MATERIALS Safe harbor statement This presentation may contain forward-looking statements with respect to DSM
More informationValue creation. Rolf-Dieter Schwalb Chief Financial Officer. Capital Markets Days 2012
Value creation Rolf-Dieter Schwalb Chief Financial Officer Capital Markets Days 2012 Safe harbor statement This presentation may contain forward-looking statements with respect to DSM s future (financial)
More informationPress Release Heerlen (NL), 14 February 2019
Press Release Heerlen (NL), 14 February 2019 DSM reports 2018 results Highlights 2018 1 DSM reports a very strong year, including a robust Q4 Underlying business: o Strong organic sales growth of 6% o
More informationDSM in motion: driving focused growth
DSM in motion: driving focused growth Nico Gerardu Member of the Managing Board Nomura Chemicals Conference Rome, 22 March 2012 Safe harbor statement This presentation may contain forward-looking statements
More informationPress Release Heerlen (NL), 26 April 2016
Press Release Heerlen (NL), 26 April 2016 DSM Q1 2016 results Highlights DSM reports a strong first quarter Group net sales up at 1,913 million, with 2% organic growth Group EBITDA up 19% to 296 million
More informationPresentation to Investors Q results ROYAL DSM HEALTH NUTRITION MATERIALS
Presentation to Investors Q1 2016 results ROYAL DSM HEALTH NUTRITION MATERIALS Safe harbor statement This presentation may contain forward-looking statements with respect to DSM s future (financial) performance
More informationPresentation to investors Full Year 2017 results ROYAL DSM HEALTH NUTRITION MATERIALS
Presentation to investors Full Year 2017 results ROYAL DSM HEALTH NUTRITION MATERIALS Safe harbor statement This presentation may contain forward-looking statements with respect to DSM s future (financial)
More informationFinancial Targets through 2022: Focus on Value Creation
Financial Targets through 2022: Focus on Value Creation /////////// Capital Markets Day London, December 5, 208 Wolfgang Nickl CFO Bayer AG Disclaimer Cautionary Statements Regarding Forward-Looking Information
More informationPresentation to investors 9M 2017 results ROYAL DSM HEALTH NUTRITION MATERIALS
Presentation to investors 9M 2017 results ROYAL DSM HEALTH NUTRITION MATERIALS Safe harbor statement This presentation may contain forward-looking statements with respect to DSM s future (financial) performance
More informationLife Sciences and Materials Sciences Presentation to Investors Q3 Results 2013, 5 November Page
Life Sciences and Materials Sciences Presentation to Investors Q3 Results 2013, 5 November 2013 Page Safe harbor statement This presentation may contain forward-looking statements with respect to DSM s
More informationAnnual Results Feike Sijbesma, CEO / Chairman Managing Board Annual General Meeting April Page
Annual Results 2014 Feike Sijbesma, CEO / Chairman Managing Board Annual General Meeting April 30 2015 Page Safe harbor statement This presentation may contain forward-looking statements with respect to
More informationPresentation to Investors Q results ROYAL DSM HEALTH NUTRITION MATERIALS
Presentation to Investors Q2 2016 results ROYAL DSM HEALTH NUTRITION MATERIALS Safe harbor statement This presentation may contain forward-looking statements with respect to DSM s future (financial) performance
More informationLife Sciences and Materials Sciences. DSM in motion: driving focused growth
Life Sciences and Materials Sciences DSM in motion: driving focused growth Nico Gerardu Member of the Managing Board Particuliere Aandeelhouders, Urmond/Geleen 19 November 2010 Safe Harbor Statement This
More informationQ Earnings Presentation. Rainer Beaujean, Speaker of the Management Board and CFO April 12, 2018
Q1 2018 Earnings Presentation Rainer Beaujean, Speaker of the Management Board and CFO April 12, 2018 Disclaimer This presentation may contain certain forward-looking statements, including assumptions,
More informationFINANCIAL OVERVIEW AL MISTYSYN SENIOR VICE PRESIDENT, FINANCE & CHIEF FINANCIAL OFFICER FINANCIAL COMMUNITY PRESENTATION OCTOBER 3, 2017
FINANCIAL OVERVIEW AL MISTYSYN SENIOR VICE PRESIDENT, FINANCE & CHIEF FINANCIAL OFFICER FINANCIAL COMMUNITY PRESENTATION OCTOBER 3, 2017 Forward Looking Statement The presentations today will contain certain
More informationLife Sciences & Materials Sciences. Staying the Course. Bond Investor Update. 4th March Page 0
Life Sciences & Materials Sciences Staying the Course Bond Investor Update 4th March 2010 Page 0 Disclaimer This document may contain forward-looking statements with respect to DSM's future (financial)
More informationFeike Sijbesma, CEO / Chairman Managing Board Royal DSM
Annual Results 2017 Feike Sijbesma, CEO / Chairman Managing Board Royal DSM Annual General Meeting, May 9 2018 ROYAL DSM HEALTH NUTRITION MATERIALS Agenda 1 Introduction 2 2017 Highlights - Delivering
More informationGROUP FINANCE. Emmanuel Babeau, Deputy CEO and CFO
GROUP FINANCE Emmanuel Babeau, Deputy CEO and CFO 1 Disclaimer All forward-looking statements are Schneider Electric management s present expectations of future events and are subject to a number of factors
More informationHenkel Roadshow Q November, 2014
Henkel Roadshow Q3 2014 November, 2014 Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of Henkel AG
More information9 May Half Year Results
9 May 2018 2018 Half Year Results Disclaimer Certain information included in the following presentation is forward looking and involves risks, assumptions and uncertainties that could cause actual results
More informationFinancial results & business update. Quarter and year ended 31 December February 2017
Financial results & business update Quarter and year ended 31 December 2016 14 February 2017 Disclaimer 3 Any remarks that we may make about future expectations, plans and prospects for the company constitute
More informationINTERIM RESULTS PRESENTATION SIX MONTHS TO 30 JUNE 2018
INTERIM RESULTS PRESENTATION SIX MONTHS TO 30 JUNE 2018 DISCLAIMER The information contained in this presentation has not been independently verified and this presentation contains various forward-looking
More informationHenkel AG & Co. KGaA. Klaus Keutmann Frankfurt,
Henkel AG & Co. KGaA Klaus Keutmann Frankfurt, 21.01.2015 Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management
More informationVISION Raising the bar
VISION 2020+ Raising the bar Joe Kaeser, President and CEO siemens.com Notes and forward-looking statements This document contains statements related to our future business and financial performance and
More informationPhilips Lighting reports 0.5% full year comparable sales growth, 10% operational profitability and EUR 403 million free cash flow
Philips Lighting reports 0.5% full year comparable sales growth, 10% operational profitability and EUR 403 million free cash flow Q4 & Full Year 2017 presentation February 2, 2018 Important information
More informationFINANCIAL PRIORITIES Jørgen C. Arentz Rostrup, Group CFO
FINANCIAL PRIORITIES Jørgen C. Arentz Rostrup, Group CFO 2 AGENDA Financial development and performance Key drivers for value creation towards 2020 Financial priorities and ambitions REVENUE GROWTH HAS
More informationEarnings Conference Call Third Quarter 2016 October 28, :00 am ET
Earnings Conference Call Third Quarter 2016 October 28, 2016 9:00 am ET Today s Presenters Kim Ann Mink, Ph.D. Chief Executive Officer and President Han Kieftenbeld SVP and Chief Financial Officer 2 Safe
More informationDriving shareholder value
KONE CMD 2017 Driving shareholder value ILKKA HARA, CFO SEPTEMBER 29, 2017 AGENDA FINANCIAL OVERVIEW BUILDING ON THE STRONG BUSINESS MODEL INVESTING FOR THE FUTURE LOOKING AHEAD Financial overview 3 Sales
More informationFull-Year / Fourth Quarter 2010 Results
Full-Year / Fourth Quarter 2010 Results 16 February 2011 Disclaimer This presentation contains certain statements that are neither reported financial results nor other historical information. This presentation
More informationSchaeffler AG 17 th GCC Kepler Cheuvreux. Jan 17, 2018 Frankfurt
Schaeffler AG 17 th GCC Kepler Cheuvreux Jan 17, 2018 Frankfurt Disclaimer This presentation contains forward-looking statements. The words "anticipate", "assume", "believe", "estimate", "expect", "intend",
More informationInnophos Holdings, Inc. May 2018
Innophos Holdings, Inc. May 2018 Forward-Looking Statements This presentation contains or may contain forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended,
More informationPress Release Heerlen (NL), 26 February 2014
Press Release Heerlen (NL), 26 February 2014 DSM, Corporate Communications Email: media.contacts@dsm.com www.dsm.com 05E DSM reports final 2013 results, increases dividend 2013 FY EBITDA substantially
More informationFourth-Quarter 2018 Results. January 30, 2019
Fourth-Quarter 2018 Results January 30, 2019 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements that relate to the
More information2017 Full Year Results
2017 Full Year Results Title of the presentation 2 lines Location, Date, Author Paris February 15 th, 2018 Disclaimer This presentation may contain forward-looking statements, Such statements may include
More informationFredrik Nilsson Chief Financial Officer and acting Chief Executive Officer. CFO update. The Co-Development Company
Fredrik Nilsson Chief Financial Officer and acting Chief Executive Officer CFO update How we measure success Important financial KPIs Organic volume growth Higher than market growth Operating profit Double-digit
More informationDSM in motion: driving focused growth
DSM in motion: driving focused growth Q1 results 2012 Hans Vossen VP Investor Relations Meeting the Danish Analysts Copenhagen, 15 May 2012 Overview Strategy and value creation Highlights Q1 2012 and Outlook
More informationFull Year Results 2014/15. Analysts Conference November 4, 2015
Full Year Results 2014/15 Cautionary note Certain statements in this presentation regarding the business of Barry Callebaut are of a forwardlooking nature and are therefore based on management s current
More information2013 Half-Year Results. 30 July 2013
2013 Half-Year Results Peter Rigby: Adam Walker: Chief Executive Finance Director 30 July 2013 Introduction Peter Rigby H1 2013 Overview Underlying growth in continuing operations Disposal of non-core
More information2018 Full Year Results 20 November 2018
2018 Full Year Results 20 November 2018 Disclaimer Certain information included in the following presentation is forward looking and involves risks, assumptions and uncertainties that could cause actual
More informationDSM in motion: driving focused growth
DSM in motion: driving focused growth Nico Gerardu Member of the Managing Board Royal DSM Nomura Conference Bordeaux, March 25 2011 Safe Harbor Statement This presentation may contain forward-looking statements
More informationRoadshow presentation 3-Month Key Sales Figures 2016/17. January 2017
Roadshow presentation 3-Month Key Sales Figures 2016/17 Agenda BC at a glance Highlights 3 months 2016/17 Strategy & Outlook Page 2 BC at a glance Who we are? The heart and engine of the chocolate industry
More informationSeptember 11, Corporate Update. Rich Tobin, President & Chief Executive Officer
September 11, 2018 Corporate Update Rich Tobin, President & Chief Executive Officer Forward-Looking Statements and Non-GAAP Measures Our comments may contain forward-looking statements that are inherently
More informationABB. Annual Results, Zürich, Feb 14, 2013 ABB Q4 and FY 2012 results Joe Hogan, CEO Eric Elzvik, CFO
Annual Results, Zürich, Feb 14, 2013 ABB Q4 and FY 2012 results Joe Hogan, CEO Eric Elzvik, CFO 2012 summary and results overview 14 February 2013 Slide 2 Safe-harbor statement This presentation includes
More informationFinancial Strategy for Increasing Shareholder Value Mats Wallin
Financial Strategy for Increasing Shareholder Value Mats Wallin CFO Safe Harbor Statement* This presentation contains statements that are not historical facts but rather forward-looking statements within
More informationINTERIM PRESENTATION Q October 2018
INTERIM PRESENTATION 25 October JUAN VARGUES, PRESIDENT & CEO HIGHLIGTHS Organic growth Good organic growth in EMEA Flat organic growth in Americas despite -7% RV OEM APAC down due to softer market in
More informationSchaeffler Group Mobility for tomorrow Klaus Rosenfeld Chief Executive Officer
Schaeffler Group Mobility for tomorrow Klaus Rosenfeld Chief Executive Officer Capital Markets Day July 20 th, 2016 London Agenda 1 Overview 2 Our Strategy 3 Our Action Plan 4 Our Financial Ambitions 5
More informationAnnual results u-blox Holding AG. March 15, Thomas Seiler, CEO Roland Jud, CFO
Annual results 2017 March 15, 2018 Thomas Seiler, CEO Roland Jud, CFO Disclaimer This presentation contains certain forward-looking statements. Such forwardlooking statements reflect the current views
More informationWelcome to the Full-Year 2016 Conference. February 16, 2017 Nestlé Full-Year Results 2016
Welcome to the Full-Year 2016 Conference 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve
More informationPart 1 Executing our strategy
Entwurf 19.09.018 15h00 Part 1 Executing our strategy Klaus Rosenfeld Chief Executive Officer Capital Markets Day 018 Berlin Disclaimer This presentation contains forward-looking statements. The words
More informationGlobal leader in high-end vacuum valve technology
FOURTH QUARTER AND FULL-YEAR 2016 RESULTS Global leader in high-end vacuum valve technology Heinz Kundert, CEO and Andreas Leutenegger, CFO March 31, 2017 1 Agenda 1 2 3 Highlights Fourth quarter and full-year
More informationCredit Suisse 6 th Annual Industrials Conference November 2018
Credit Suisse 6 th Annual Industrials Conference November 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements
More informationInvestor Deck December 2018
Investor Deck December 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements that relate to the mix of and demand
More informationValue creation through capital disciplined growth
Value creation through capital disciplined growth Capital Markets Day, 10 December 2013 Jack de Kreij, Vice Chairman of the Executive Board and CFO Forward-looking statements This presentation contains
More informationSANDVIK CAPITAL MARKETS DAY 2017
SANDVIK 2017 DELIVERING ON OUR PROMISES AHEAD OF PLAN REACHED PROFITABILITY TARGET DELEVERAGED FREEDOM OF CHOICE INVESTING AND WELL POSITIONED FOR GROWTH 2 DELIVERING ON OUR PROMISES AHEAD OF PLAN REACHED
More informationBank of America Merrill Lynch Global Industrials Conference 2018 March 2018
Bank of America Merrill Lynch Global Industrials Conference 2018 March 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including
More informationInvestor Presentation Non-Deal Roadshow Organised by Bualuang Securities
Investor Presentation Non-Deal Roadshow Organised by Bualuang Securities Bangkok, 17 May 2018 Disclaimer This presentation contains forward-looking statements of Indorama Ventures Public Company Limited
More informationMeeting the Management 2017 The road ahead expanding our strengths. Matthias Zachert, CEO
Meeting the Management 2017 The road ahead expanding our strengths Matthias Zachert, CEO Safe harbor statement The information included in this presentation is being provided for informational purposes
More information2016 Full Year Results Building on its 2016 performance, Capgemini strengthens its growth strategy in Digital and Cloud
2016 Full Year Results Building on its 2016 performance, Capgemini strengthens its growth strategy in Digital and Cloud Paris, February 16, 2017 Disclaimer This presentation may contain forward-looking
More information2007 Revenue and Results. 2007: strong increase in results Strengthened growth momentum. February 15 th, 2008
2007 Revenue and Results 2007: strong increase in results Strengthened growth momentum February 15 th, 2008 2007 revenue and results Agenda A successful 2007 Be the recognized industry leader John Glen
More informationConsolidated Results Presentation for FY2018 Ended December 31, 2018 EBARA (6361) February 14, 2019
Consolidated Presentation for Ended December 31, 2018 EBARA (6361) February 14, 2019 1. Summary of Executive Officer Responsible for Finance & Accounting Akihiko Nagamine 2.Projection for 3.Progress of
More informationQuarter and year ended 31 December Financial results & business update
Quarter and year ended 31 December 2012 Financial results & business update 26 February 2013 Disclaimer Any remarks that we may make about future expectations, plans and prospects for the company constitute
More informationINTERIM REPORT APRIL 27 FIRST QUARTER 2015
INTERIM REPORT APRIL 27 FIRST QUARTER 2015 SUMMARY Q1 2015 EARNINGS GROWTH AND MARGIN EXPANSION Adjusted EBIT 2,934, 12.6% Currency effect +770 RECORD Q1 CASH FLOW Continued inventory reductions STABLE
More informationCash flow and balance sheet Financial resilience
Cash flow and balance sheet Financial resilience Capital markets day 2017 N O V E M B E R 7-8, 2 0 1 7 N E W Y O R K Ericsson Internal 2017-10-06 Page 1 Carl Mellander CFO Ericsson Internal 2017-10-06
More informationOSRAM with continued good profitability
www.osram.com OSRAM with continued good profitability Q3 FY15 Management Presentation (preliminary figures) July 29, 2015 Light is OSRAM Safe Harbor Statement This presentation may contain forward-looking
More informationBrooks Automation, Inc. 3 rd Quarter Fiscal 2013 Financial Results Conference Call
Brooks Automation, Inc. 3 rd Quarter Fiscal 2013 Financial Results Conference Call August 8, 2013 Safe Harbor Statement Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of
More informationHenkel Q Kasper Rorsted Carsten Knobel. London. 1 August 08, Q Henkel Analyst & Investor Call
Henkel Q2 2013 London August 08, 2013 Kasper Rorsted Carsten Knobel 1 August 08, 2013 Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions
More informationMSCI. J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO. February 28, 2017
MSCI J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO February 28, 2017 2017 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document.
More informationOUTLOOK 2016 / 20 LONDON / 24th February. Financial Management. José Sáinz Chief Financial & Resources Officer
OUTLOOK 2016 / 20 LONDON / 24th February Financial Management José Sáinz Chief Financial & Resources Officer Agenda 1. Financial strategy for 2016-2020 period 2. Risk & sensitivity analysis 3. Conclusion
More information2017 Full Year Results. Tuesday 21 November 2017
2017 Full Year Results Tuesday 21 November 2017 Disclaimer Certain information included in the following presentation is forward looking and involves risks, assumptions and uncertainties that could cause
More informationHenkel FY Kasper Rorsted Carsten Knobel. Düsseldorf March 4, 2015
Henkel FY 2014 Kasper Rorsted Carsten Knobel Düsseldorf March 4, 2015 Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate
More informationStrong orders continue into the new fiscal year
Strong orders continue into the new fiscal year Joe Kaeser, President and CEO Ralf P. Thomas, CFO siemens.com Notes and forward-looking statements This document contains statements related to our future
More informationAnnouncement of Q Results
Announcement of Q3 2008 Results Conference Call October 15, 2008 2:00 p.m. CEST Dr. Axel Herberg, CEO Hans-Jürgen Wiecha, CFO 0 Disclaimer This presentation may contain certain forward-looking statements,
More informationFinancial results & business update. Quarter and year ended 31 December February 2016
Financial results & business update Quarter and year ended 31 December 2015 11 February 2016 Disclaimer 3 Any remarks that we may make about future expectations, plans and prospects for the company constitute
More informationQ1 FY14 Management Presentation
www.osram-licht.ag FY14 Management Presentation (preliminary figures) Solid start into FY14 OSRAM Licht AG January 29, 2014 Safe Harbor Statement This presentation may contain forward-looking statements
More informationQ EARNINGS CALL February 21, :00 am ET REVITALIZED FOR GROWTH
Q4 2017 EARNINGS CALL February 21, 2018 9:00 am ET REVITALIZED FOR GROWTH Forward-Looking Statements This presentation contains or may contain forward-looking statements within the meaning of Section 27a
More informationMSCI THIRD QUARTER 2016
MSCI THIRD QUARTER 2016 Earnings Presentation October 27, 2016 2016 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. FORWARD-LOOKING STATEMENTS Forward-Looking
More informationt e c h n i c o l o r. c o m
2017 t e c h n i c o l o r. c o m Forward looking statements THIS PRESENTATION contains certain statements that constitute "forward-looking statements", including but not limited to statements that are
More informationCapital Markets Day 2017 Helmut P. Merch, CFO. Rheinmetall AG, 22 November 2017
Capital Markets Day 2017 Helmut P. Merch, CFO Rheinmetall AG, 22 November 2017 REVIEW 2017 2 Continuing improvement of key financials Sales, operating result in EUR million, in % 6.3% 5.5% Operating free
More informationAhold Delhaize. Capital. Markets. Day 2018
Ahold Delhaize Capital Markets Day 2018 Jeff Carr Chief Financial Officer Ahold Delhaize Proven to deliver consistent and sustainable results Strong operational performance Disciplined approach to capital
More informationVerisk Analytics Mark Anquillare Group Executive, Risk Assessment EVP and Chief Financial Officer
Verisk Analytics Mark Anquillare Group Executive, Risk Assessment EVP and Chief Financial Officer William Blair 35th Annual Growth Stock Conference June 9, 2015 Forward Looking Statements, Safe Harbor
More information2017 Full Year. Results Presentation. 21 February 2018
2017 Full Year Results Presentation 21 February 2018 CAUTIONARY STATEMENT 2017 Full Year Results Slide 2 Full Year Highlights 2017 Full Year Results Presentation 8TH YEAR OF DOUBLE-DIGIT GROWTH 2017 FINANCIAL
More informationANNOUNCEMENT OF PRELIMINARY RESULTS
The leading high service distributor to engineers worldwide ANNOUNCEMENT OF PRELIMINARY RESULTS YEAR ENDED 31 MARCH 2009 29 May 2009 Agenda Overview and current trading Ian Mason Financial performance
More information2017 Results Presentation. Zurich, March 20, 2018
2017 Results Presentation Zurich, March 20, 2018 Disclaimer The information in this presentation about the business performance of the Conzzeta Group is of a summary nature only. The information in the
More informationCreating Value Profitable Growth Strategy
Profitable Growth Strategy 2013-2015 London, January 16 th 2013 Jo Lunder CEO Delivering on the Value Agenda Objectives FY 11 Objectives 2012 2014 (announced 15 November 2011) YTD 3Q12 Revenue +5 % * CAGR
More informationCaixaForum Barcelona, Spain. Fernando A. González Chief Executive Officer
CaixaForum Barcelona, Spain Fernando A. González Chief Executive Officer These presentations contain forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX, S.A.B. de
More informationCRANE CO. FINANCIAL OVERVIEW
CRANE CO. FINANCIAL OVERVIEW RICHARD MAUE CHIEF FINANCIAL OFFICER 1 Financial Overview 2017 Results 2018 Outlook Multi-Year Outlook Capital Deployment 2 2017 Operating Results ($ Millions, Except per Share
More informationCapital Market Days 2011 August 23-24
Capital Market Days 2011 August 23-24 Oerlikon Group Disciplined Comeback to Financial Performance Jürg Fedier, CFO August 23, 2011 Financial achievements New profitability level in CHF m Order intake
More informationFY 2014 Results Presentation. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, February 11, 2015
FY 2014 Results Presentation Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, February 11, 2015 Disclaimer 1. This presentation may contain certain forward-looking statements, including assumptions,
More informationJuly 26, 2017 LafargeHolcim Ltd 2015
Second Quarter 2017 Results Beat Hess, Chairman and Interim CEO Roland Köhler, Interim COO and Regional Head of Europe, Australia/NZ & Trading Ron Wirahadiraksa, CFO July 26, 2017 LafargeHolcim Ltd 2015
More informationFirst Quarter 2018 May 3, 2018
First Quarter 2018 May 3, 2018 Safe Harbor Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements.
More informationFourth quarter and full-year report 2018
Fourth quarter and full-year report Stockholm, January 25, 2019 Fourth quarter highlights Sales as reported increased by 10% YoY and sales adjusted for comparable units and currency increased by 4%. Networks
More informationInnophos Holdings, Inc. Reports Fourth-Quarter and Full-Year 2018 Results
Innophos Holdings, Inc. Reports Fourth-Quarter and Full-Year 2018 Results February 20, 2019 Delivered Top and Bottom Line Results in Line with Expectations Double Digit Year-on-Year Revenue Growth in 2018
More informationInvestor Conference Call
Investor Conference Call /////////// Q2 2018 Results September 05, 2018 Werner Baumann, CEO Wolfgang Nickl, CFO Cautionary Statements Regarding Forward-Looking Information Certain statements contained
More informationSiemens Gamesa Renewable Energy Q Results
Siemens Gamesa Renewable Energy Q2 208 Results 04 May 208 Disclaimer This material has been prepared by Siemens Gamesa Renewable Energy, and is disclosed solely for information purposes. This document
More informationBD Financial Overview
BD Financial Overview Creating value for the long term Christopher Reidy Executive Vice President, CFO and CAO BD HAS A POWERFUL OPPORTUNITY TO ADVANCE THE WORLD OF HEALTH AND DELIVER SIGNIFICANT VALUE
More informationResults FY 2017 Schaeffler AG. Conference Call March 7, 2018 Munich
Results FY 2017 Schaeffler AG Conference Call Munich Disclaimer This presentation contains forward-looking statements. The words "anticipate", "assume", "believe", "estimate", "expect", "intend", "may",
More informationUmicore reaches Horizon 2020 targets two years ahead of schedule and reaffirms upside potential. 8 February 2019
Umicore reaches Horizon 2020 targets two years ahead of schedule and reaffirms upside potential 8 February 2019 Overview Highlights 2018 Reaching Horizon 2020 targets 2 years ahead of schedule Current
More informationUDG Healthcare plc Preliminary Results Presentation FY17. London Stock Exchange, 28 th November 2017
UDG Healthcare plc Preliminary Results Presentation FY17 London Stock Exchange, 28 th November 2017 Forward Looking Statements This Presentation has been prepared by UDG Healthcare plc and contains certain
More informationFull-year results 2018
Full-year results 2018 Investor Call 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve certain
More information