AkzoNobel reported improved financial performance in Q3 2015 compared to Q3 2014. Net income attributable to shareholders was up 39% and adjusted earnings per share increased 35%. Revenue increased 2% due to currency effects offsetting lower prices and volumes. All business areas were impacted by challenging market conditions but achieved improved operating income through cost reductions and currency benefits. AkzoNobel remains on track to meet 2015 targets and deliver further performance improvements.
AkzoNobel Q1 2015 results media presentationAkzoNobel
The document summarizes the company's financial results for Q1 2015. Revenue increased 6% to €3.591 billion due to favorable currency effects, though volume growth was mixed by region. Operating income grew 42% to €306 million due to process optimization efforts, reduced restructuring expenses, and lower costs. All business segments saw revenue and operating income increases. The company is on track to meet its 2015 targets despite challenges in some regions.
AkzoNobel reported strong financial results for Q2 2015, with operating income up 38% year-over-year. All business areas showed improved performance driven by cost reductions and currency effects. The company completed the divestment of its Paper Chemicals business and concluded the triennial review of its ICI Pension Fund, reducing future cash contributions. AkzoNobel is on track to meet its targets for 2015 and continues progressing its strategic initiatives.
AkzoNobel reported improved financial results for Q1 2015 compared to Q1 2014. Revenue increased 6% to €3.59 billion driven by favorable currency effects, which offset lower volumes. Operating income grew 42% to €306 million due to process optimization efforts, reduced restructuring expenses, and lower costs. Adjusted earnings per share increased 25% to €0.76. The company is on track to achieve its 2015 targets despite ongoing challenging market conditions.
The document provides an investor update on AkzoNobel's Q1 2016 results. Key highlights include:
- Volumes and profitability increased in all business areas despite challenging markets and currency headwinds.
- Operating income was up 17% and net income attributable to shareholders was up 50%.
- Net cash outflow was reduced significantly.
- An offer was agreed to acquire BASF's Industrial Coatings business.
- A €500 million bond was issued with a ten-year maturity and 1.125% coupon rate.
AkzoNobel reported its Q3 2014 results. Operating income increased 11% to €335 million due to improvement actions and lower restructuring charges. Revenue declined 2% due to currency effects and divestments offsetting 1% volume growth. Return on sales improved to 9.1% from 8% in Q3 2013. All business areas saw continued impact from fragile economic conditions with Decorative Paints revenue down 8% and Performance Coatings flat. Specialty Chemicals operating income rose 46% due to cost control despite 1% lower revenue. AkzoNobel is on track to meet its 2015 targets despite economic challenges.
AkzoNobel reported improved financial performance in Q3 2015 compared to Q3 2014. Net income attributable to shareholders was up 39% and adjusted earnings per share increased 35%. Revenue increased 2% due to currency effects offsetting lower prices and volumes. All business areas were impacted by challenging market conditions but achieved improved operating income through cost reductions and currency benefits. AkzoNobel remains on track to meet 2015 targets and deliver further performance improvements.
AkzoNobel Q1 2015 results media presentationAkzoNobel
The document summarizes the company's financial results for Q1 2015. Revenue increased 6% to €3.591 billion due to favorable currency effects, though volume growth was mixed by region. Operating income grew 42% to €306 million due to process optimization efforts, reduced restructuring expenses, and lower costs. All business segments saw revenue and operating income increases. The company is on track to meet its 2015 targets despite challenges in some regions.
AkzoNobel reported strong financial results for Q2 2015, with operating income up 38% year-over-year. All business areas showed improved performance driven by cost reductions and currency effects. The company completed the divestment of its Paper Chemicals business and concluded the triennial review of its ICI Pension Fund, reducing future cash contributions. AkzoNobel is on track to meet its targets for 2015 and continues progressing its strategic initiatives.
AkzoNobel reported improved financial results for Q1 2015 compared to Q1 2014. Revenue increased 6% to €3.59 billion driven by favorable currency effects, which offset lower volumes. Operating income grew 42% to €306 million due to process optimization efforts, reduced restructuring expenses, and lower costs. Adjusted earnings per share increased 25% to €0.76. The company is on track to achieve its 2015 targets despite ongoing challenging market conditions.
The document provides an investor update on AkzoNobel's Q1 2016 results. Key highlights include:
- Volumes and profitability increased in all business areas despite challenging markets and currency headwinds.
- Operating income was up 17% and net income attributable to shareholders was up 50%.
- Net cash outflow was reduced significantly.
- An offer was agreed to acquire BASF's Industrial Coatings business.
- A €500 million bond was issued with a ten-year maturity and 1.125% coupon rate.
AkzoNobel reported its Q3 2014 results. Operating income increased 11% to €335 million due to improvement actions and lower restructuring charges. Revenue declined 2% due to currency effects and divestments offsetting 1% volume growth. Return on sales improved to 9.1% from 8% in Q3 2013. All business areas saw continued impact from fragile economic conditions with Decorative Paints revenue down 8% and Performance Coatings flat. Specialty Chemicals operating income rose 46% due to cost control despite 1% lower revenue. AkzoNobel is on track to meet its 2015 targets despite economic challenges.
- AkzoNobel reported financial results for Q3 2014, with revenues down 2% due to currency effects and divestments offsetting 1% volume growth. Operating income was €335 million, up 11% year-over-year.
- All business areas saw continued fragile economic conditions impacting volumes. Decorative Paints revenues fell 8% due to divestments despite flat volumes. Performance Coatings revenues were flat as positive volumes offset negative price/mix and currencies. Specialty Chemicals revenues fell 1% on currency effects despite flat volumes.
- AkzoNobel remains on track to meet its 2015 targets despite the challenging economic environment and continues implementing improvement programs across all business areas.
The document summarizes AkzoNobel's Q2 2014 results. It discusses positive volume growth across all three business areas but an overall 4% revenue decline mainly due to adverse currency effects. Operating income was up 10% and return on sales improved from 8.3% to 9.5%. The company is on track to meet its 2015 targets despite currency challenges and fragile economic conditions.
The document provides an investor update on AkzoNobel's Q2 2014 results. Key highlights include positive volume growth across all three business areas, though revenue declined 4% mainly due to adverse currency effects. Operating income increased 10% to €353 million and return on sales improved to 9.5% from 8.3% in Q2 2013. AkzoNobel is on track to deliver its 2015 targets despite currency and economic challenges. The update reviews financial and operational performance across AkzoNobel's business areas and concludes the company is making progress on its financial targets.
The document summarizes AkzoNobel's Q1 2014 results. Volumes increased in all three business areas but revenues were down 2% due to a 5% adverse impact from currency effects. Operating income was flat at €216 million despite higher restructuring costs and currencies. Net income increased to €129 million. The company is on track to meet its 2015 targets despite expected continued economic weakness and currency volatility in 2014.
- Volumes and price/mix were up in all three business areas, but revenues were down 2% due to a 5% negative impact from adverse currency effects.
- Operating income was flat at €216 million as higher restructuring costs and currencies offset gains from cost control and efficiencies.
- Net income increased to €129 million mainly from lower financing expenses.
AkzoNobel Q4 and FY 2013 Results Press briefingAkzoNobel
The document provides an overview of AkzoNobel's 2013 full-year results and Q4 performance. Key points include:
- Revenues declined 5% in 2013 due to currency headwinds, divestments, and weaker end markets.
- Operating income increased 6% to €958 million despite revenue decline, helped by cost savings.
- All business areas saw volume growth in Q4 2013, though revenue declined due to currencies.
- The performance improvement program delivered over €500 million in savings, ahead of schedule.
- Net debt was reduced significantly through divestments, cash flow, and pension de-risking actions.
AkzoNobel Q4 and Full Year 2013 Results Investor Update PresentationAkzoNobel
The document provides an investor update on AkzoNobel's full-year 2013 and Q4 results. Some key points:
- Revenue for 2013 was down 5% due to adverse currency effects and divestments, but operating income increased 6% to €958 million.
- Net debt was reduced significantly from €2.3 billion in 2012 to €1.5 billion in 2013.
- The performance improvement program delivered over €500 million in savings, exceeding its target one year ahead of schedule.
- Volumes improved in all business areas in Q4 2013 compared to a year ago, though revenues were down due to currency impacts.
- The company remains on track to deliver its 2015 targets despite challenging market
AkzoNobel's Q3 2013 revenue was down 5% due to adverse currency effects and divestments. Operating income increased due to lower restructuring costs and higher volumes. Net income attributable to shareholders was €155 million. The performance improvement program is on track to deliver €500 million in EBITDA benefits by the end of 2013. However, continued weak markets and higher restructuring charges mean full-year operating income is unlikely to exceed €908 million.
- Revenue for Q3 2013 was down 5% to €3.78 billion due to adverse currency effects and divestments. Operating income was €303 million, up 22% from 2012 excluding impairment, driven by lower restructuring costs and higher volumes.
- Decorative Paints revenue was stable with higher volumes offsetting currency effects. Operating income more than doubled due to lower costs. Performance Coatings revenue declined 4% on currency impacts, while operating income rose 23% on lower restructuring costs. Specialty Chemicals revenue fell 10% on divestment and currency impacts, with operating income down 20% mainly due to restructuring costs.
- Full year 2013 operating income is unlikely to exceed €908
The document provides an investor update on AkzoNobel's Q2 2013 results. Key highlights include revenue declining 4% due to divestments, operating income of €322 million, and net income attributable to shareholders of €429 million. Challenging market conditions impacted Decorative Paints and Specialty Chemicals in particular. The Performance Improvement Program delivered €131 million in benefits in 1H2013 and is on track to achieve its €500 million target by year-end. Restructuring costs are expected to be €325 million for the full year.
The document provides an investor update on Q1 2013 results for AkzoNobel. It can be summarized as follows:
- Revenue was down 7% due to weak demand in Europe and divestments. Operating income was also down but cash from operating activities improved.
- All business areas saw weaker demand in Europe with Decorative Paints, Performance Coatings, and Specialty Chemicals volumes down 1-4% year-over-year.
- Challenging market conditions in Europe negatively impacted price/mix and volumes across the business areas. The pension deficit was reduced and net income attributable to shareholders increased slightly.
AkzoNobel Q4 2012 and Full Year 2012 Results Investor Update PresentationAkzoNobel
- In Q4 2012, AkzoNobel's revenue increased 3% to €3.673 billion driven by favorable currencies and pricing offsetting lower volumes, while EBITDA increased 3% to €363 million.
- For full-year 2012, revenue increased 5% to €15.39 billion due to currencies and pricing despite lower volumes, while EBITDA grew 4% to €1.901 billion.
- The performance improvement program exceeded its 2012 target, contributing €238 million in savings, and significant FTE reductions were achieved through restructuring.
The document provides an investor update on AkzoNobel's Q3 2012 results. It includes the following key information:
1) EBITDA was up 7% at €540 million despite a 3% decline in volumes primarily due to the economic slowdown in Europe. Revenue was up 6% mainly driven by currencies and pricing actions.
2) A €2.5 billion impairment charge related to Decorative Paints intangible assets resulted in a net loss of €2.4 billion for the quarter. Adjusted EPS was €1.01.
3) The performance improvement program is on track but the economic environment remains a principal sensitivity given the continued weak demand and cautious customer ordering patterns.
The document provides an investor update on Q2 2012 results. It highlights that revenue increased 8% to €4.4 billion driven by pricing actions and currencies, while volumes declined 2% due to economic slowdown in Europe. EBITDA margin was 13.5%, flat compared to prior year. The performance improvement program is on track to support EBITDA. Decorative Paints revenue grew 6% on pricing despite volume declines. Performance Coatings revenue rose 12% from acquisitions and pricing. Specialty Chemicals revenue increased 6% from pricing and acquisitions.
- Revenue for Q1 2012 was up 6% to €3.9 billion, driven by pricing actions. EBITDA was down 3% at €423 million due to weaker end markets and cost inflation.
- Decorative Paints revenue increased 4% to €1.2 billion but EBITDA fell 16% due to lower volumes and higher costs. Performance Coatings revenue rose 11% to €1.4 billion with EBITDA up 15%, supported by acquisitions and currency effects.
- Specialty Chemicals revenue grew 4% to €1.4 billion while EBITDA declined 2% mainly in Functional Chemicals.
- The company is on track with its performance improvement
AkzoNobel reported Q1 2012 results with revenue up 6% driven by pricing actions, though EBITDA was 3% lower due to weaker end markets and cost inflation. Net income declined due to higher incidental charges. Revenue increased across all business areas except Decorative Paints, which saw a 4% volume decline. The economic environment and raw material costs remain uncertainties for 2012.
AkzoNobel Q4 and Full Year 2011 Media PresentationAkzoNobel
The company reported a 7% increase in revenue for 2011 but EBITDA fell 9% due to weaker end markets and cost inflation. Q4 revenue rose 5% while EBITDA declined 20% impacted by weaker demand, unfavorable product mix, and higher raw material costs. The company is implementing further price increases and its performance improvement program remains on track.
- Revenue for 2011 was up 7% driven by pricing actions to offset higher raw material costs, but weaker end markets and inflation impacted results
- EBITDA for 2011 was 9% lower at €1,796 million, and net income from continuing operations was €469 million compared to €664 million in 2010
- A performance improvement program is on track to address challenges from the economic environment and volatile raw material costs in 2012
- Q3 2011 revenue was up 5% to €4.1 billion but EBITDA decreased 12% to €507 million due to weaker economic conditions and raw material price inflation.
- Decorative Paints revenue was up 5% but EBITDA decreased 25% due to the impacts above. Performance Coatings revenue also up 5% but EBITDA fell 5%.
- The company launched a major performance improvement program to deliver €500 million in additional EBITDA by 2014 through strategic initiatives.
The document provides an investor update on AkzoNobel's Q3 2011 results. Some key points:
- Revenue increased 5% driven by pricing actions to offset raw material cost inflation, but weaker economic conditions and continued raw material price inflation impacted results.
- EBITDA decreased 12% to €507 million due to lower Decorative Paints results.
- A major performance improvement program was launched to deliver €500 million in EBITDA by 2014 through initiatives across functions and businesses.
- Decorative Paints revenue grew 5% but EBITDA decreased 25% due to weaker demand, unfavorable product mix, and higher raw material costs in Europe and North America.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
- AkzoNobel reported financial results for Q3 2014, with revenues down 2% due to currency effects and divestments offsetting 1% volume growth. Operating income was €335 million, up 11% year-over-year.
- All business areas saw continued fragile economic conditions impacting volumes. Decorative Paints revenues fell 8% due to divestments despite flat volumes. Performance Coatings revenues were flat as positive volumes offset negative price/mix and currencies. Specialty Chemicals revenues fell 1% on currency effects despite flat volumes.
- AkzoNobel remains on track to meet its 2015 targets despite the challenging economic environment and continues implementing improvement programs across all business areas.
The document summarizes AkzoNobel's Q2 2014 results. It discusses positive volume growth across all three business areas but an overall 4% revenue decline mainly due to adverse currency effects. Operating income was up 10% and return on sales improved from 8.3% to 9.5%. The company is on track to meet its 2015 targets despite currency challenges and fragile economic conditions.
The document provides an investor update on AkzoNobel's Q2 2014 results. Key highlights include positive volume growth across all three business areas, though revenue declined 4% mainly due to adverse currency effects. Operating income increased 10% to €353 million and return on sales improved to 9.5% from 8.3% in Q2 2013. AkzoNobel is on track to deliver its 2015 targets despite currency and economic challenges. The update reviews financial and operational performance across AkzoNobel's business areas and concludes the company is making progress on its financial targets.
The document summarizes AkzoNobel's Q1 2014 results. Volumes increased in all three business areas but revenues were down 2% due to a 5% adverse impact from currency effects. Operating income was flat at €216 million despite higher restructuring costs and currencies. Net income increased to €129 million. The company is on track to meet its 2015 targets despite expected continued economic weakness and currency volatility in 2014.
- Volumes and price/mix were up in all three business areas, but revenues were down 2% due to a 5% negative impact from adverse currency effects.
- Operating income was flat at €216 million as higher restructuring costs and currencies offset gains from cost control and efficiencies.
- Net income increased to €129 million mainly from lower financing expenses.
AkzoNobel Q4 and FY 2013 Results Press briefingAkzoNobel
The document provides an overview of AkzoNobel's 2013 full-year results and Q4 performance. Key points include:
- Revenues declined 5% in 2013 due to currency headwinds, divestments, and weaker end markets.
- Operating income increased 6% to €958 million despite revenue decline, helped by cost savings.
- All business areas saw volume growth in Q4 2013, though revenue declined due to currencies.
- The performance improvement program delivered over €500 million in savings, ahead of schedule.
- Net debt was reduced significantly through divestments, cash flow, and pension de-risking actions.
AkzoNobel Q4 and Full Year 2013 Results Investor Update PresentationAkzoNobel
The document provides an investor update on AkzoNobel's full-year 2013 and Q4 results. Some key points:
- Revenue for 2013 was down 5% due to adverse currency effects and divestments, but operating income increased 6% to €958 million.
- Net debt was reduced significantly from €2.3 billion in 2012 to €1.5 billion in 2013.
- The performance improvement program delivered over €500 million in savings, exceeding its target one year ahead of schedule.
- Volumes improved in all business areas in Q4 2013 compared to a year ago, though revenues were down due to currency impacts.
- The company remains on track to deliver its 2015 targets despite challenging market
AkzoNobel's Q3 2013 revenue was down 5% due to adverse currency effects and divestments. Operating income increased due to lower restructuring costs and higher volumes. Net income attributable to shareholders was €155 million. The performance improvement program is on track to deliver €500 million in EBITDA benefits by the end of 2013. However, continued weak markets and higher restructuring charges mean full-year operating income is unlikely to exceed €908 million.
- Revenue for Q3 2013 was down 5% to €3.78 billion due to adverse currency effects and divestments. Operating income was €303 million, up 22% from 2012 excluding impairment, driven by lower restructuring costs and higher volumes.
- Decorative Paints revenue was stable with higher volumes offsetting currency effects. Operating income more than doubled due to lower costs. Performance Coatings revenue declined 4% on currency impacts, while operating income rose 23% on lower restructuring costs. Specialty Chemicals revenue fell 10% on divestment and currency impacts, with operating income down 20% mainly due to restructuring costs.
- Full year 2013 operating income is unlikely to exceed €908
The document provides an investor update on AkzoNobel's Q2 2013 results. Key highlights include revenue declining 4% due to divestments, operating income of €322 million, and net income attributable to shareholders of €429 million. Challenging market conditions impacted Decorative Paints and Specialty Chemicals in particular. The Performance Improvement Program delivered €131 million in benefits in 1H2013 and is on track to achieve its €500 million target by year-end. Restructuring costs are expected to be €325 million for the full year.
The document provides an investor update on Q1 2013 results for AkzoNobel. It can be summarized as follows:
- Revenue was down 7% due to weak demand in Europe and divestments. Operating income was also down but cash from operating activities improved.
- All business areas saw weaker demand in Europe with Decorative Paints, Performance Coatings, and Specialty Chemicals volumes down 1-4% year-over-year.
- Challenging market conditions in Europe negatively impacted price/mix and volumes across the business areas. The pension deficit was reduced and net income attributable to shareholders increased slightly.
AkzoNobel Q4 2012 and Full Year 2012 Results Investor Update PresentationAkzoNobel
- In Q4 2012, AkzoNobel's revenue increased 3% to €3.673 billion driven by favorable currencies and pricing offsetting lower volumes, while EBITDA increased 3% to €363 million.
- For full-year 2012, revenue increased 5% to €15.39 billion due to currencies and pricing despite lower volumes, while EBITDA grew 4% to €1.901 billion.
- The performance improvement program exceeded its 2012 target, contributing €238 million in savings, and significant FTE reductions were achieved through restructuring.
The document provides an investor update on AkzoNobel's Q3 2012 results. It includes the following key information:
1) EBITDA was up 7% at €540 million despite a 3% decline in volumes primarily due to the economic slowdown in Europe. Revenue was up 6% mainly driven by currencies and pricing actions.
2) A €2.5 billion impairment charge related to Decorative Paints intangible assets resulted in a net loss of €2.4 billion for the quarter. Adjusted EPS was €1.01.
3) The performance improvement program is on track but the economic environment remains a principal sensitivity given the continued weak demand and cautious customer ordering patterns.
The document provides an investor update on Q2 2012 results. It highlights that revenue increased 8% to €4.4 billion driven by pricing actions and currencies, while volumes declined 2% due to economic slowdown in Europe. EBITDA margin was 13.5%, flat compared to prior year. The performance improvement program is on track to support EBITDA. Decorative Paints revenue grew 6% on pricing despite volume declines. Performance Coatings revenue rose 12% from acquisitions and pricing. Specialty Chemicals revenue increased 6% from pricing and acquisitions.
- Revenue for Q1 2012 was up 6% to €3.9 billion, driven by pricing actions. EBITDA was down 3% at €423 million due to weaker end markets and cost inflation.
- Decorative Paints revenue increased 4% to €1.2 billion but EBITDA fell 16% due to lower volumes and higher costs. Performance Coatings revenue rose 11% to €1.4 billion with EBITDA up 15%, supported by acquisitions and currency effects.
- Specialty Chemicals revenue grew 4% to €1.4 billion while EBITDA declined 2% mainly in Functional Chemicals.
- The company is on track with its performance improvement
AkzoNobel reported Q1 2012 results with revenue up 6% driven by pricing actions, though EBITDA was 3% lower due to weaker end markets and cost inflation. Net income declined due to higher incidental charges. Revenue increased across all business areas except Decorative Paints, which saw a 4% volume decline. The economic environment and raw material costs remain uncertainties for 2012.
AkzoNobel Q4 and Full Year 2011 Media PresentationAkzoNobel
The company reported a 7% increase in revenue for 2011 but EBITDA fell 9% due to weaker end markets and cost inflation. Q4 revenue rose 5% while EBITDA declined 20% impacted by weaker demand, unfavorable product mix, and higher raw material costs. The company is implementing further price increases and its performance improvement program remains on track.
- Revenue for 2011 was up 7% driven by pricing actions to offset higher raw material costs, but weaker end markets and inflation impacted results
- EBITDA for 2011 was 9% lower at €1,796 million, and net income from continuing operations was €469 million compared to €664 million in 2010
- A performance improvement program is on track to address challenges from the economic environment and volatile raw material costs in 2012
- Q3 2011 revenue was up 5% to €4.1 billion but EBITDA decreased 12% to €507 million due to weaker economic conditions and raw material price inflation.
- Decorative Paints revenue was up 5% but EBITDA decreased 25% due to the impacts above. Performance Coatings revenue also up 5% but EBITDA fell 5%.
- The company launched a major performance improvement program to deliver €500 million in additional EBITDA by 2014 through strategic initiatives.
The document provides an investor update on AkzoNobel's Q3 2011 results. Some key points:
- Revenue increased 5% driven by pricing actions to offset raw material cost inflation, but weaker economic conditions and continued raw material price inflation impacted results.
- EBITDA decreased 12% to €507 million due to lower Decorative Paints results.
- A major performance improvement program was launched to deliver €500 million in EBITDA by 2014 through initiatives across functions and businesses.
- Decorative Paints revenue grew 5% but EBITDA decreased 25% due to weaker demand, unfavorable product mix, and higher raw material costs in Europe and North America.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
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SUSTAINABLE INVESTING UNVEILED: THE ROLE OF BOND RATINGS IN GUIDING GREEN BON...indexPub
The increasing urgency to address climate change has propelled sustainable investing into the spotlight, with green bonds emerging as a pivotal instrument for mobilizing the capital required for environmental projects. This study delves into the critical role that bond ratings play in guiding investments in green bonds, shedding light on how these ratings influence investor confidence and the allocation of funds towards sustainable initiatives. By employing a mixed-methods approach, combining quantitative analysis of green bond performance with qualitative interviews from industry experts, this research offers a comprehensive overview of the interplay between bond ratings and green bond investments. The findings suggest that higher bond ratings, often indicative of lower risk and better sustainability credentials, significantly impact the attractiveness of green bonds to investors. Additionally, the study examines the evolution of rating criteria to encompass environmental, social, and governance (ESG) factors, highlighting the shift towards more holistic assessments of investment risk and potential. This research contributes to the broader discourse on sustainable finance by providing insights into the mechanisms through which bond ratings can facilitate more informed and impactful green bond investments.
2. Agenda
Media Update Full-Year 2014 and Q4 results
1. 2014 highlights and operational review
2. Financial review
3. Key developments in 2014
4. Conclusion
5. Questions
2
3. • Clear operational improvements visible in the results, despite challenging market conditions
• Major transformation programs in all three Business Areas and support functions
• Functional alignment through Global Business Services making clear progress and
corporate costs are coming down
• Steady progress on people, process, and product safety, resulting in significant
improvement in total reportable injury rate (TRR) from 2.3 to 1.8
• Ranked #1 on Dow Jones Sustainability Index (Materials industry group)
for third year in a row
• Human Cities initiative launched:
− commitment to improve, energize
and regenerate urban communities
− partnership with 100 Resilient Cities pioneered
by The Rockefeller Foundation
• Total dividend for 2014 is proposed at €1.45
• On track to deliver 2015 targets
Key achievements during 2014
3Media Update Full-Year 2014 and Q4 results
4. Financial highlights of 2014
4Media Update Full-Year 2014 and Q4 results
14.29
6
FY 2013 FY 2014
958 987
FY 2013 FY 2014
716
811
FY 2013 FY 2014
Revenue Operating Income Net cash from
operating activities
• Revenue down 2 percent, with positive volumes more than offset by currency effects and divestments
• Operating income up 3 percent, due to higher operating results and lower restructuring charges,
partially offset by adverse incidental items
• Net cash inflow from operating activities up 13 percent
897
1,072
FY 2013 FY 2014
Operating Income
excl. incidental items
14,590 14,296
-2% +13%+20% +3%
5. FY 2014 revenue and operating income –
underlying margins continue to improve
€ million FY 2013 FY 2014 Δ%
Revenue 14,590 14,296 -2
Operating income excluding incidentals 897 1,072 20
Operating income 958 987 3
Ratio, % FY 2013 FY 2014
Return on sales 6.6 6.9
Return on sales (excluding incidentals) 6.1 7.5
Return on sales (excluding incidentals & restructuring costs) 8.5 9.3
Moving average return on investment 9.6 10.0
Increase
Decrease
-1%+1% 0%
-2%
Volume Price/Mix Acquisitions/
Divestments
Exchange rates Total
-2%
Revenue development FY 2014 vs. FY 2013
5Media Update Full-Year 2014 and Q4 results
6. Foreign exchange rates were no longer a
headwind in Q4, but impacted full-year results
-8
-4
0
4
Decorative Paints Performance Coatings Specialty Chemicals AkzoNobel
Quarterly foreign exchange rate development in % year-on-year
+1%
+3%
+2%+1%
2013
2014
6
• Adverse currency effects, impacting 9M 2014, were visible in all Business Areas and any lost income
related to this will not come back in our results
• Negative currency effects disappeared in Q4
Media Update Full-Year 2014 and Q4 results
7. The majority of global manufacturing
output is still anticipating expansion
7
*Bubble size=manufacturing output, 2015e (US$bn: 2010 prices)
Sources: Oxford Economics, HSBC [China], Markit [US], Swedbank (Sweden)
Purchase Managers’ Index (PMI)*
January 2015
Media Update Full-Year 2014 and Q4 results
Russia
France China
Brazil
Germany
Japan India
US
Spain Sweden
40
50
60
ManufacturingPMI
8. Overall consumer confidence levels
went down for many countries
8Source: Nielsen
129
107 106 98 95 94 89 85
57
0
20
40
60
80
100
120
140
India China US Germany Brazil UK Netherlands Sweden France
Consumer confidence, Q4 2014
Figures below 100 indicate some degree of pessimism
Recent trends compared
to Q3 2014
Media Update Full-Year 2014 and Q4 results
9. ~42% of revenues
New Build Projects
Maintenance, Renovation & Repair
Building Products & Components
~16% of revenues
Automotive OEM, Parts and Assembly
Automotive Repair
Marine and Air Transport
~17% of revenues
Consumer Durables
Consumer Packaged Goods
~25% of revenues
Natural Resource and Energy Industries
Process Industries
9Media Update Full-Year 2014 and Q4 results
10. 10
= • Volumes up 1 percent, with
increases in Asia offset by lower
volumes in Latin America,
reflecting difficult trading
conditions. Flat volumes in EMEA
• Revenue declined 6 percent due
to divestments, adverse currency
effects and adverse price/ mix.
The latter was mainly driven by
the sale of the German stores
• Costs down following the
implementation of restructuring
programs and strict cost control
Decorative Paints
FY 2014 highlights
€ million FY 2013 FY 2014 Δ%
Revenue 4,174 3,909 -6
Operating income excluding incidentals 200 248 24
Operating income 398 248 -38
Ratio, % FY 2013 FY 2014
Return on sales 9.5 6.3
Return on sales (excl. incidentals) 4.8 6.3
Return on sales (excl. inc. & restr. costs) 7.3 8.4
Increase
DecreaseRevenue development FY 2014 vs. FY 2013
1% -3%
-3% -6%
Volume Price/Mix Acquisitions/
Divestments
Exchange rates Total
-1%
Media Update Full-Year 2014 and Q4 results
11. 11
Performance Coatings
FY 2014 highlights
Increase
Decrease
+1%
+1% 0%
0%
Volume Price/Mix Acquisitions/ Divestments Exchange rates Total
Revenue development FY 2014 vs. FY 2013
• Volumes up 1 percent, mainly from
growth in Marine and Protective
Coatings and Powder Coatings
• Full-year revenue flat due to
adverse currencies
• Restructuring activity continued,
including implementation of new
BA organizational structure with
fewer management layers and
clearer accountability
• Operating income increased 4
percent with benefits from
restructuring more than offsetting
higher restructuring costs
-2%
€ million FY 2013 FY 2014 Δ%
Revenue 5,571 5,589 0
Operating income excluding incidentals 525 545 4
Operating income 525 545 4
Ratio, % FY 2013 FY 2014
Return on sales 9.4 9.8
Return on sales (excluding incidentals) 9.4 9.8
Return on sales (excl. inc. & restr. costs) 11.2 12.4
Media Update Full-Year 2014 and Q4 results
12. 12
• Revenue down 1 percent due to
better volumes and price/mix more
than offset by divestments and
adverse currency
• Price pressure in caustic,
unfavorable currency
developments, and production
interruptions in the manufacturing
and supply chain in Rotterdam
impacted results
• Lower restructuring costs, results
from operational excellence
programs, and previous
restructuring measures increased
profitability
Specialty Chemicals
FY 2014 highlights
Increase
Decrease
-1%
-2%
-1%
+1%
+1%
Volume Price/Mix Acquisitions/
Divestments
Exchange rates Total
Revenue development FY 2014 vs. FY 2013
€ million FY 2013 FY 2014 Δ%
Revenue 4,949 4,883 -1
Operating income excluding incidentals 418 508 22
Operating income 297 508 71
Ratio, % FY 2013 FY 2014
Return on sales 6.0 10.4
Return on sales (excluding incidentals) 8.5 10.4
Return on sales (excl. inc. & restr. costs) 10.0 10.7
Media Update Full-Year 2014 and Q4 results
13. The net impact of a sustained lower oil
price can have a positive impact in 2015
13
Inventories
GDP
Media Update Full-Year 2014 and Q4 results
Freightandlogistics
Freightandlogistics
SalesRaw materials Production
14. Media Update Full-Year 2014 and Q4 results
Monomers,
Precursors, etc.
Downstream oil related products have
clearly different dynamics
14
Feedstocks Base
(petro)chemicals
Intermediates and more complex molecules
Methanol
Ethylene
Ethanol
Propylene
Benzene
Xylenes
Etc.
Intermediates More complex
molecules
Monomers & Latex
Resins
Packaging
Additives
Solvents
Crude Oil
(Shale) Gas
Coal
Bio based
Renewables
16. FY 2014 - strong underlying performance
16Media Update Full-Year 2014 and Q4 results
Operational
improvement
• ROS 6.9%; +30bp
• ROS 7.5%; +140bp
excluding incidentals
• ROI 10%; +40bp
• ROI 10.9%; +190bp
excluding incidentals
Cash discipline
• Capex €588 million
• OWC as a percentage of
revenue 10.1%
• Ratings confirmed:
S&P - BBB+/Stable
Moodys - Baa1/Stable
Cash flow and EPS
• Net cash from operating
activities €811 million
• Adjusted EPS €2.81
17. Summary – FY 2014 results
€ million FY 2013 FY 2014 Δ%
EBITDA 1,513 1,690 +12%
Amortization and depreciation (616) (618)
Operating income before incidentals 897 1072 +20%
Incidentals 61 (85)
Operating income 958 987 +3%
Net financing expenses (200) (156)
Minorities and associates (54) (51)
Income tax (111) (252)
Discontinued operations 131 18
Net income attributable to shareholders 724 546 -25%
Ratio FY 2013 FY 2014
Earnings per share from total operations (in €) 3.00 2.23
Adjusted earnings per share (in €) 2.62 2.81
17Media Update Full-Year 2014 and Q4 results
18. Disciplined cash management
18
1.834 1.572 1.384
1.418
12.9%
10.7%
9.9% 10.1%
0%
2%
4%
6%
8%
10%
12%
14%
16%
0
500
1.000
1.500
2.000
2.500
2011 2012 2013 2014
Operating Working Capital
€ million
€ 666
€ 826
4.6%
5.4%
€ 708
4.5%
3.7%
€ 534
2013201220112010 2014
€ 588
4.1%
Capital Expenditures
€ million
Other
Decorative Paints
Performance Coatings
Specialty Chemicals
Media Update Full-Year 2014 and Q4 results
Operating Working Capital
OWC as % of LQ revenue * 4
19. 19Media Update Full-Year 2014 and Q4 results
Debt maturities
€ million
Continuously reducing costs of long
term bonds
Average cost of long term bonds
%
7.29 6.35 5.62 4.89
3.63
0
2
4
6
8
2010 2011 2012 2013 2014
825
622
800 750
500
320
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
€ bonds £ bonds $ bonds
• Debt duration 4.8 years
• Net interest expense down
by €74 million compared
to 2013
Repaid
7.75%
7.25%
8.00%
4.00%
2.625%
1.75%
20. Key developments in 2014
Ton Büchner
20Media Update Full-Year 2014 and Q4 results
21. 21Media Update Full-Year 2014 and Q4 results
Key developments 2014
Derde opeenvolgende jaar eerste
plaats voor AkzoNobel in DJSI
AkzoNobel omarmt megastad
22. Human Cities
22Media Update Full-Year 2014 and Q4 results
June 2014, Venice
We launched our Human Cities initiative, which is designed to engage with the
challenges and opportunities of the 21st century city via color, heritage, transport,
education, sport & leisure, and sustainability
September 2014, September
We made a commitment to the Clinton Global Initiative by establishing a
partnership with The Rockefeller Foundation through its 100 Resilient Cities
program.
23. Conclusion
23
• Improved underlying performance as efficiency programs take effect
• Higher return on sales and return on investment, despite the volatile economic environment
• Developing from transformation towards continuous improvement
• Markets, raw materials and exchange rates expected to remain volatile
• We are on track to deliver the 2015 targets
Media Update Full-Year 2014 and Q4 results
25. Safe Harbor Statement
This presentation contains statements which address such key issues as
AkzoNobel’s growth strategy, future financial results, market positions, product development, products in
the pipeline, and product approvals. Such statements should be carefully considered, and it should be
understood that many factors could cause forecasted and actual results to differ from these statements.
These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw
material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative,
fiscal, and other regulatory measures. Stated competitive positions are based on management estimates
supported by information provided by specialized external agencies. For a more comprehensive discussion
of the risk factors affecting our business please see our latest Annual Report, a copy of which can be found
on the company’s corporate website www.akzonobel.com.
25Media Update Full-Year 2014 and Q4 results
27. 27
= • Volumes down in Q4, mainly
driven by weak demand in all
regions
• Price/mix flat as the effect from
the sale of the German stores
was offset by positive price/mix
effects in regions outside of
Europe
• Operating income (excluding
incidentals) up as a result of
benefits from restructuring
activities lowering the cost base,
and lower restructuring charges
Decorative Paints
Q4 2014 highlights
€ million Q4 2013 Q4 2014 Δ%
Revenue 934 920 -1
Operating income excluding incidentals -52 16 131
Operating income 146 16 -89
Ratio, % Q4 2013 Q4 2014
Return on sales 15.6 1.7
Return on sales (excl. incidentals) -5.7 1.7
Return on sales (excl. inc. & restr. costs) 1.4 5.4
Increase
DecreaseRevenue development Q4 2014 vs. Q4 2013
-2%
0% +1%
-1%
0%
Volume Price/Mix Acquisitions/
Divestments
Exchange rates Total
-4%
Media Update Full-Year 2014 and Q4 results
28. 28
Performance Coatings
Q4 2014 highlights
Increase
Decrease
+1%0%
0% +3% +4%
Volume Price/Mix Acquisitions/ Divestments Exchange rates Total
Revenue development Q4 2014 vs. Q4 2013
• Q4 revenue was up 4 percent due
to favorable currencies and
price/mix
• Overall volumes flat with growth in
Marine & Protective Coatings
offset by other businesses
• Restructuring costs in line with
2013, while currencies and margin
improvements drove ROS up to
7.5 percent
• A new organizational structure was
introduced in Q4 with fewer
management layers
-1%
€ million Q4 2013 Q4 2014 Δ%
Revenue 1,367 1,416 4
Operating income excluding incidentals 73 106 45
Operating income 73 106 45
Ratio, % Q4 2013 Q4 2014
Return on sales 5.3 7.5
Return on sales (excl. incidentals) 5.3 7.5
Return on sales (excl. inc. & restr. costs) 11.0 12.8
Media Update Full-Year 2014 and Q4 results
29. 29
• Q4 revenue in line with previous
year, with adverse impact of
volumes and divestments offset by
favorable currency effects
• Adverse volume impact caused by
interruptions in the manufacturing
and supply chain and market
reactions following the large oil
price reduction, leading to
destocking
• Lower restructuring costs and
results from operational excellence
programs, increased profitability
Specialty Chemicals
Q4 2014 highlights
Increase
Decrease
-1%
-1%
-1%0%
Volume Price/Mix Acquisitions/
Divestments
Exchange rates Total
Revenue development Q4 2014 vs. Q4 2013
€ million Q4 2013 Q4 2014 Δ%
Revenue 1,200 1,194 -1
Operating income excluding incidentals 91 93 2
Operating income -30 93 410
Ratio, % Q4 2013 Q4 2014
Return on sales -2.5 7.8
Return on sales (excl. incidentals) 7.6 7.8
Return on sales (excl. inc. & restr. costs) 9.9 8.0
+1%
Media Update Full-Year 2014 and Q4 results
30. Innovation Pipeline Q4 2014
Decorative Paints – Dulux stain removal Non-additive
interior paint
Key Features
• Nano shell binder technology
• Premium stain removal
performance
• Eco-sense technology
• Good durability
Customer Benefits
• Good dirt resistance
• Easy clean
• Well-being indoor environment
• Long life wall protection
Growth Potential
• Launched in Dec 2014
• Keeping leading position in
market with premium
classification in Chinese new
stain removal standard
A super-premium eco-sense interior paint with good stain removal and other performance
Media Update Full-Year 2014 and Q4 results 30
31. Innovation Pipeline Q4 2014
Specialty Coatings - Leather Touch Clearcoat
Key Features
• A soft-feel, clear coat for plastic
coated electronic devices
• Excellent fat-edge control and
slippery touch, that in
conjunction with the substrate,
mimics the touch of leather
• Imparts a soft feeling that can
be tuned on demand
Customer Benefits
• Compatible with current
standard plastic substrates and
basecoats, providing a wide
range of colors
• Durable and scratch resistant
• Engenders a ‘sense of
sophistication’ for users
• Higher productivity due to fast
painting process and less scrap
Growth Potential
• Good growth envisaged, driven
by the increasing market for
mobile, wireless devices and
Chinese OEMs shifting to
premium product markets
A soft-feel clear coat that mimics the feeling of leather in mobile electronics
Media Update Full-Year 2014 and Q4 results 31
32. Innovation Pipeline Q4 2014
Industrial Chemicals – Steam savings in chlorine production
Key Features
• Reduction in the consumption
of process steam in chlorine
production by recovery of
excess heat from 4 stage
evaporation
Benefits
• Significant savings on steam
use
• CO2 footprint reduced by
4,400 ton/year
• 80% of steam generated
from a waste incineration unit
and only 20% of steam cost
dependent on natural gas
price
• Supports certification by the
German Eco-Management
Audit Scheme (EMAS)
Minimizing steam consumption in chlorine production at Bitterfeld, Germany
Innovation
• Innovative use of advanced
modelling and process
engineering to reduce ‘fresh’
steam demand
Media Update Full-Year 2014 and Q4 results 32