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 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.
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.
- Klöckner & Co SE reported Q3 2012 results, with sales down 2.0% year-over-year to €1,847 million due to a 4.6% decline in Europe offset by 9.4% growth in the Americas. EBITDA was €19 million, below guidance due to further price pressure.
- The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150 million starting in 2014.
- For the full year, sales are up 7.4% to €5,755 million due to organic growth in the Americas compensating for
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.
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 reported strong financial results for Q2 2015, with operating income up 38% year-over-year driven by cost reductions and favorable exchange rates. All business areas improved performance despite challenging market conditions. The triennial review of the ICI Pension Fund was completed, reducing future annual cash contributions and further de-risking the fund through insurance policies. AkzoNobel remains on track to deliver its 2015 targets and continues progressing its strategic initiatives.
- 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.
Klöckner & Co - German Corporate Conference 2013Klöckner & Co SE
- Klöckner & Co SE is a leading multi-metal distributor based in Germany.
- In Q3 2012, sales declined 2.0% year-over-year to €1,847m due to price erosion in Europe, though the US saw 9.4% growth.
- EBITDA was €19m, below guidance due to further price pressure, and the restructuring program is being expanded significantly.
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.
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.
- Klöckner & Co SE reported Q3 2012 results, with sales down 2.0% year-over-year to €1,847 million due to a 4.6% decline in Europe offset by 9.4% growth in the Americas. EBITDA was €19 million, below guidance due to further price pressure.
- The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150 million starting in 2014.
- For the full year, sales are up 7.4% to €5,755 million due to organic growth in the Americas compensating for
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.
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 reported strong financial results for Q2 2015, with operating income up 38% year-over-year driven by cost reductions and favorable exchange rates. All business areas improved performance despite challenging market conditions. The triennial review of the ICI Pension Fund was completed, reducing future annual cash contributions and further de-risking the fund through insurance policies. AkzoNobel remains on track to deliver its 2015 targets and continues progressing its strategic initiatives.
- 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.
Klöckner & Co - German Corporate Conference 2013Klöckner & Co SE
- Klöckner & Co SE is a leading multi-metal distributor based in Germany.
- In Q3 2012, sales declined 2.0% year-over-year to €1,847m due to price erosion in Europe, though the US saw 9.4% growth.
- EBITDA was €19m, below guidance due to further price pressure, and the restructuring program is being expanded significantly.
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 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
Klöckner & Co - Roadshow Presentation November 2012Klöckner & Co SE
- Klöckner & Co SE reported flat sales in Q3 but EBITDA declined significantly due to continued price erosion.
- The scope of Klöckner's restructuring program will be expanded significantly, with the goal of achieving around €150 million in annual EBITDA savings by 2014.
- Klöckner will close approximately 60 sites and reduce its workforce by over 1,800 positions as part of the expanded restructuring effort.
- 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.
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.
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 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.
Klöckner & Co SE reported financial results for Q3 2012 that were below expectations due to continued price pressure reducing margins. While sales declined slightly in Europe but grew in the US, overall group sales were flat for Q3 year-over-year. EBITDA of €19m missed guidance due to price declines in September. The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150m once fully implemented in 2014.
Halma plc Half Year Results Presentation 2012David Waller
The document provides a summary of Halma's half year results for 2012/13. Key highlights include record revenue of £298 million, a 6% increase, and profits of £60.8 million, also up 6%. Organic revenue growth was 2% with strong growth in Asia. The interim dividend was increased by 7%. All business sectors achieved revenue growth with the exception of Infrastructure Sensors which declined slightly. Strategic investments continued in international expansion, acquisitions, people development and innovation.
The Future of Corporate Reporting 2014: "Integrated Reporting at AkzoNobel" d...Finext
Wat zijn de nieuwste ontwikkelingen rondom corporate reporting? Wat doen toonaangevende bedrijven, en wat is het geheim achter het winnen van de Sijthoff-prijs? Tijdens de tweede Future of Corporate Reporting heeft o.a. Ivar Smits van AkzoNobel zijn ervaringen gedeeld.
Meer weten over dit onderwerp? Neem dan contact op met pam.stinis@finext.nl
The document provides an investor update on AkzoNobel's Q3 2013 results. Key highlights include:
- Revenue was down 5% due to currency effects and divestments, while operating income increased to €303 million.
- Decorative Paints revenue was stable and operating income more than doubled due to lower costs.
- Performance Coatings revenue declined 4% from currency impacts, while income grew 23% on lower restructuring costs.
- Specialty Chemicals revenue fell 10% from a divestment and currencies, with income down 20% including restructuring costs.
- The performance improvement program is on track to deliver €500 million in benefits by the end of 2013.
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 also increased. While markets remain challenging, volumes have stabilized. The company expects higher restructuring charges in Q4 and for full-year operating income to be under €908 million. AkzoNobel remains confident in delivering its 2015 targets.
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.
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.
Sustainability Supplement 2016. We publish our sustainability data annually. Quantitative data included in this Sustainability Supplement covers the 2016 calendar year. Our reporting is prepared in accordance with the core option of the Global Reporting Initiative’s (GRI) G4 guidelines. Metso has been reporting its sustainability principles and goals since
2002. Read more: www.metso.com/company/Sustainability/
Hydrogen Group - Investor Presentation - 16 September 2014Hydrogen Group
This document summarizes Hydrogen Group's half year results for 30 June 2014. It introduces the chairman, CEO, and finance director. The summary shows a decline in net fee income but cost reductions. An exceptional restructuring charge of £1.8 million is estimated for the full year. Trading has improved in the second half. The board remains confident for the full year.
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
CDON Group reported financial results for the second quarter and first six months of 2013. Net sales increased 4.2% year-over-year in Q2 to SEK 964.3 million, driven by strong growth in the Fashion and Sports & Health segments. However, results were burdened by non-recurring costs of SEK 32 million at CDON. The rights issue completed in the quarter provided approximately SEK 502 million and restructured the Group's credit facilities. Net debt was reduced to SEK 50.0 million compared to SEK 590.3 million at the end of Q1.
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 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 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
Klöckner & Co - Roadshow Presentation November 2012Klöckner & Co SE
- Klöckner & Co SE reported flat sales in Q3 but EBITDA declined significantly due to continued price erosion.
- The scope of Klöckner's restructuring program will be expanded significantly, with the goal of achieving around €150 million in annual EBITDA savings by 2014.
- Klöckner will close approximately 60 sites and reduce its workforce by over 1,800 positions as part of the expanded restructuring effort.
- 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.
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.
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 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.
Klöckner & Co SE reported financial results for Q3 2012 that were below expectations due to continued price pressure reducing margins. While sales declined slightly in Europe but grew in the US, overall group sales were flat for Q3 year-over-year. EBITDA of €19m missed guidance due to price declines in September. The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150m once fully implemented in 2014.
Halma plc Half Year Results Presentation 2012David Waller
The document provides a summary of Halma's half year results for 2012/13. Key highlights include record revenue of £298 million, a 6% increase, and profits of £60.8 million, also up 6%. Organic revenue growth was 2% with strong growth in Asia. The interim dividend was increased by 7%. All business sectors achieved revenue growth with the exception of Infrastructure Sensors which declined slightly. Strategic investments continued in international expansion, acquisitions, people development and innovation.
The Future of Corporate Reporting 2014: "Integrated Reporting at AkzoNobel" d...Finext
Wat zijn de nieuwste ontwikkelingen rondom corporate reporting? Wat doen toonaangevende bedrijven, en wat is het geheim achter het winnen van de Sijthoff-prijs? Tijdens de tweede Future of Corporate Reporting heeft o.a. Ivar Smits van AkzoNobel zijn ervaringen gedeeld.
Meer weten over dit onderwerp? Neem dan contact op met pam.stinis@finext.nl
The document provides an investor update on AkzoNobel's Q3 2013 results. Key highlights include:
- Revenue was down 5% due to currency effects and divestments, while operating income increased to €303 million.
- Decorative Paints revenue was stable and operating income more than doubled due to lower costs.
- Performance Coatings revenue declined 4% from currency impacts, while income grew 23% on lower restructuring costs.
- Specialty Chemicals revenue fell 10% from a divestment and currencies, with income down 20% including restructuring costs.
- The performance improvement program is on track to deliver €500 million in benefits by the end of 2013.
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 also increased. While markets remain challenging, volumes have stabilized. The company expects higher restructuring charges in Q4 and for full-year operating income to be under €908 million. AkzoNobel remains confident in delivering its 2015 targets.
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.
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.
Sustainability Supplement 2016. We publish our sustainability data annually. Quantitative data included in this Sustainability Supplement covers the 2016 calendar year. Our reporting is prepared in accordance with the core option of the Global Reporting Initiative’s (GRI) G4 guidelines. Metso has been reporting its sustainability principles and goals since
2002. Read more: www.metso.com/company/Sustainability/
Hydrogen Group - Investor Presentation - 16 September 2014Hydrogen Group
This document summarizes Hydrogen Group's half year results for 30 June 2014. It introduces the chairman, CEO, and finance director. The summary shows a decline in net fee income but cost reductions. An exceptional restructuring charge of £1.8 million is estimated for the full year. Trading has improved in the second half. The board remains confident for the full year.
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
CDON Group reported financial results for the second quarter and first six months of 2013. Net sales increased 4.2% year-over-year in Q2 to SEK 964.3 million, driven by strong growth in the Fashion and Sports & Health segments. However, results were burdened by non-recurring costs of SEK 32 million at CDON. The rights issue completed in the quarter provided approximately SEK 502 million and restructured the Group's credit facilities. Net debt was reduced to SEK 50.0 million compared to SEK 590.3 million at the end of Q1.
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 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.
Full year results presentation (final excluding script)Company Spotlight
- Total revenue for Wood Group increased 3% to $7.064 billion in 2013, while total EBITA rose 16% to $533 million. Adjusted diluted EPS also increased 16% to 98.6 cents.
- The Engineering segment saw growth across all three business areas. PSN delivered strong growth led by the US shale business. GTS performance was mixed, with maintenance growth offsetting a fall in power solutions, while the Siemens JV is expected to improve prospects.
- The outlook for 2014 remains positive overall, with further growth anticipated, though Engineering EBITA is forecast to be lower due to slower major project awards. PSN is positioned to deliver good growth led by US shale.
Q4 year end-2013 ASSA ABLOY invetors presentation 7 februaryASSA ABLOY
The ASSA ABLOY Group released the interim report October-December and results 2013 on Friday 7 February 2014 at 08.00 am (CET). A combined investors’ and analyst meeting and web conference was held at Operaterrassen in Stockholm, Sweden. This is the presentation from the meeting.
Highlights of the third quarter of 2014. Net sales amounted to SEK 28,784m (27,258). Sales increased by 5.6%, whereof currencies had a positive impact of 4.0%. Strong improvement in operating income for Major Appliances in Europe.
This document provides a summary of Transcom's first quarter 2013 results presentation. The key points are:
- Transcom is a global customer experience specialist providing outsourced customer care, sales, technical support, and credit management through contact centers and work-from-home agents.
- In Q1 2013, Transcom's revenue increased 15.9% compared to Q1 2012, driven by growth across all regions. EBIT also increased by €5 million compared to Q1 2012.
- To return to historical margins, Transcom needs to continue improving key performance indicators like seat utilization, efficiency, offshore/onshore delivery mix, and attrition.
- Going forward,
Victrex reported a robust performance for the fiscal year ended 30 September 2013, with volume, revenue, and earnings per share ahead of the previous year. Gross margins remained strong despite adverse currency movements. The company continued investing to support future growth programs and achieved record cash generation. Both the VPS and Invibio business units reported stable or slightly improved performance. Looking forward, Victrex is well positioned for continued growth driven by focused market-led innovation and opportunities in key strategic markets like automotive, aerospace, and medical devices.
Kemira is restructuring to become a pure-play water company focused on growth markets. It has divested non-water businesses and reorganized operations around key regions. Fit for Growth initiatives have improved profitability and are expected to deliver €60 million in savings by 2014. Kemira is also turning around its Municipal & Industrial segment through a new customer segmentation model, manufacturing optimization, and reduced SKUs. The company aims for an operative EBIT margin of 10% in Municipal & Industrial by 2014.
Victrex reported its half-yearly results for the period ending March 31, 2013. Revenue and earnings per share were slightly ahead of the previous year. Gross margins were maintained despite challenging market conditions. The company continued investing in key growth programs and PEEK capacity expansion. The interim dividend was increased by 15%. Both VPS and Invibio saw resilience in difficult markets, with VPS revenue up 1% and Invibio revenue down 5% from the previous year. The outlook remains cautiously optimistic with a continued focus on driving volume growth and expanding product offerings.
Transcom Q4 and Full-Year 2013 PresentationTranscom
The document is a presentation from Transcom, a global customer experience specialist, summarizing their fourth quarter and full-year 2013 results. It discusses Transcom's revenue growth of 7.9% in 2013 driven by increased volumes across all regions. While revenue decreased 1.6% in Q4 2013, earnings before interest and taxes increased due to cost savings programs and efficiency improvements. Transcom aims to improve profitability further by focusing on underperforming areas, expanding in select markets, and strengthening operational efficiency. The presentation outlines Transcom's strategic priorities and growth opportunities going forward.
Hulamin reported record normalised earnings of R355 million for the year ended 31 December 2014, an increase of 76% over the previous year. Key factors contributing to improved performance included higher contributions from key product streams, a 12% weaker average Rand/USD exchange rate, and excellent safety performance. Hulamin also resumed dividend payments, increased capital expenditures, reduced borrowings, and saw growth in rolled products sales volumes. The outlook remains positive with plans to ramp up aluminium recycling and pursue growth in regional automotive and beverage can markets.
Kemira reported financial results for the first quarter of 2013. Revenue increased 1% to EUR 560.9 million, driven by 3% organic growth. Operative EBIT increased 9% to EUR 42.2 million and the operative EBIT margin improved to 7.5% from cost savings. Net debt was reduced to EUR 357 million from proceeds of business divestments. Kemira aims to achieve a 10% EBIT margin by 2014 through continued cost savings from its "Fit for Growth" restructuring program.
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.
Similar to AkzoNobel Q1 2013 Investor Presentation (20)
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 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.
Hans Wijers, CEO of AkzoNobel, and Keith Nichols, CFO, held a press conference to discuss the company's Q2 2011 results. Revenue was up 8% driven by volume and pricing increases, however raw material inflation and challenging market conditions lowered EBITDA to €551 million. The outlook for 2011 expects full-year EBITDA to be at least in line with 2010, assuming no further deterioration in economic conditions. The company continues investing in growth, innovation, and emerging markets to achieve its strategic goals.
This document provides an investor update on AkzoNobel's Q2 2011 results. It summarizes AkzoNobel's key facts, strategic ambitions, and Q2 2011 highlights. The company's revenue was up 8% in Q2 2011 driven by volume and pricing gains, but EBITDA declined due to raw material inflation, market challenges, and one-off factors. AkzoNobel's strategic goals include growing revenue to €20 billion, increasing EBITDA and market share in high-growth markets like China and India, and furthering its sustainability initiatives.
- AkzoNobel reported financial results for Q1 2011, with revenue increasing 16% to €3.76 billion and EBITDA rising 10% to €437 million.
- Volume growth was strong at 7%, while pricing increased 4% excluding a 1% adverse mix effect. Raw material costs were increasing but being mitigated.
- All three business areas - Decorative Paints, Performance Coatings, and Specialty Chemicals - saw revenue growth in the high teens or low twenties percentage range.
- The outlook for 2011 was reiterated, aiming for over 5% revenue and EBITDA growth, in line with the company's strategic goals.
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3. Q1 2013 highlights
Investor Update Q1 2013 results
• Revenue down 7 percent due to weak demand in Europe and divestments
• Operating income at €217 million (2012: €236 million) as weaker end markets and
production issues in Specialty Chemicals value chain impacted results
• Cash from operating activities improved €298 million, mainly due to lower pension
payments
• Net income attributable to shareholders €89million (2012: €84 million)
• Adjusted EPS €0.51 (2012: €0.65)
• Divestment of Decorative Paints North America completed on April 1, 2013
• Strategic focus announced in February addresses the need for performance improvement
in challenging market conditions
* Before incidentals 3
4. Challenging Q1 2013
Investor Update Q1 2013 results
€ million Q1 2013 %
Revenue 3,465 -7
Operating income 217 -8
Ratio, % Q1 2013 Q1 2012
Return on sales 6.3 6.4
Moving average return on investment 7.8 9.4
Increase
Decrease
-3%
-1%
-2% -1%
-7%
Volume Price/Mix Acquisitions/
divestments
Exchange rates Total
Revenue development Q1 2013 vs. Q1 2012
4
5. Weaker demand in Europe
across all Business Areas
Investor Update Q1 2013 results
-6
-2
2
6
Decorative Paints Performance Coatings Specialty Chemicals AkzoNobel
Quarterly volume development in % year-on-year
-1
2
5
8
Decorative Paints Performance Coatings Specialty Chemicals AkzoNobel
Quarterly price/mix development in % year-on-year
-1% -3% -3%-4%
-1% +1% -2% -1%
2012
2013
5
6. 6Investor Update Q1 2013 results
= • Revenue 5 percent down
impacted by currencies, lower
volumes and price/mix
• Challenging market conditions
in Europe negatively impacting
price/mix and volumes
• Operating income above the
previous year, benefiting from
lower cost and lower
restructuring charges, but
impacted by weak volume
development in Europe
Decorative Paints
Q1 2013 highlights
€ million Q1 2013 %
Revenue 925 (5)
Operating income 43 72
Ratio, % Q1 2013 Q1 2012
Return on sales 4.6 2.6
Moving average return on investment 2.7 4.4
Increase
Decrease
-1% 0%
-3%
-5%
-1%
Volume Price/Mix Acquisitions/
divestments
Exchange rates Total
Revenue development Q1 2013 vs. Q1 2012
7. 7Investor Update Q1 2013 results
Performance Coatings
Q1 2013 highlights
€ million Q1 2013 %
Revenue 1,331 (3)
Operating income 129 2
Ratio, % Q1 2013 Q1 2012
Return on sales 9.7 9.3
Moving average return on investment 21.3 20.4
Increase
Decrease
-3%
1%
0%
-1%
-3%
Volume Price/Mix Acquisitions/
divestments
Exchange rates Total
Revenue development Q1 2013 vs. Q1 2012
• Revenue down 3 percent,
primarily due to volume decline
in certain markets
• Operating income up 2 percent,
return on sales at 9.7 percent
(2012: 9.3 percent)
• Ongoing focus on cost control
and operational efficiencies
8. 8Investor Update Q1 2013 results
• Revenue down 11 percent,
due to lower volumes and the
Chemicals Pakistan divestment
• Operating income down 29
percent to €99 million, due to
unfavorable market conditions
and production issues in the
value chain
• Surface Chemistry exited the
merchant fatty acids business
in China
• Performance improvement
projects are accelerated in all
businesses
Specialty Chemicals
Q1 2013 highlights
€ million Q1 2013 %
Revenue 1,244 (11)
Operating income 99 (29)
Ratio, % Q1 2013 Q1 2012
Return on sales 8.0 10.0
Moving average return on investment 12.4 16.9
Increase
Decrease
-4%
-2% -5% 0%
-11%
Volume Price/Mix Acquisitions/
divestments
Exchange rates Total
Revenue development Q1 2013 vs. Q1 2012
9. Summary – Q1 2013 results
Investor Update Q1 2013 results
€ million Q1 2013 Q1 2012
EBITDA 375 410
Amortization and depreciation (158) (153)
Incidentals 0 (21)
Operating income 217 236
Net financing expenses (63) (50)
Minorities and associates (13) (10)
Income tax (45) (66)
Discontinued operations (7) (26)
Net income attributable to shareholders 89 84
Net cash from operating activities (406) (704)
Ratio Q1 2013 Q1 2012
Adjusted earnings per share (in €) 0.51 0.65
9
10. Cash flows Q1 2013
clearly improved on last year
Investor Update Q1 2013 results
€ million Q1 2013 Q1 2012
Profit for the period from continuing operations 112 124
Amortization, depreciation and impairments 158 153
Change working capital (350) (384)
• Pension provisions
• Restructuring
• Other provisions
(236)
(21)
(22)
(555)
(4)
11
Change provisions (279) (548)
Other changes (47) (49)
Net cash from operating activities (406) (704)
Capital expenditures (131) (135)
Acquisitions and divestments net of cash acquired (13) 1
Changes from borrowings 163 490
Dividends (8) (3)
Other changes 23 1
Cash flows from discontinued operations (87) (71)
Total cash flows (459) (421)
10
11. Pension deficit falls to €0.6 billion
Investor Update Q1 2013 results
Key pension metrics Q1 2013 Q4 2012
Discount rate 3.9% 3.9%
Inflation assumptions 2.9% 2.4%
287
645
14
183
(1,086)
(659)
((26)
(642)
Deficit end Q4
2012
Top-ups Increased plan
assets
Discount rates Inflation IAS19 change Other Deficit end Q1
2013
Decrease
Increase
Pension deficit development during Q1 2013
€ million
11
12. Conclusion
Investor Update Q1 2013 results
• Economic slowdown, particularly in Europe, continues to impact our businesses
• Further efficiencies and cost reductions are being delivered in line with the accelerated
Performance Improvement Program
• Focus remains on return on operating income and invested capital, and cash generation
• The economic environment remains challenging, and we do not expect an early
improvement in the trends that we see in our businesses.
• The acceleration of our Performance Improvement Program and the strategic priorities
announced in February are the right focus to have in these markets
12
14. Safe Harbor Statement
Investor Update Q1 2013 results
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.
14
16. AkzoNobel today
Investor Update Q1 2013 results
• Revenue €15.4 billion
• 50,610 employees
• 44% of revenue from high growth markets
• Major producer of Paints, Coatings and
Specialty Chemicals
• Leadership positions in many markets
* 2012 excluding impairment (€2.1 billion) **New definition including incidentals and after IAS19
38%
15%
47%
Performance
Coatings
Decorative
Paints
Specialty
Chemicals
48%
8%
44%
37%
27%
36%
Revenue by
Business Area
Operating income*
by Business Area
EBITDA** by
Business Area
5.4%
Growth
2012 vs. 2011
5.9%
Return on sales
(operating income/revenue)
10.4%
EBITDA/revenue
16
17. Leading market positions
delivering leading performance
AkzoNobel has gone through a significant amount of
strategic change over the past five years
Today, the company has
• Excellent portfolio of businesses
• Good long term growth potential on the basis of end-user segment growth
• Strong positions in high growth markets (44% of revenue)
• Leadership positions in many markets
• Clear leader in sustainability
• Track record of delivering sustainable innovations and products
• Strong brands, both in consumer and industrial markets
Clear focus to deliver on our significant potential
• Improved returns and cash flow
• Leveraging scale
• Simplification and standardization
• Continued innovation
Investor Update Q1 2013 results 17
18. 8,9
14,0
0
4
8
12
16
2012 2015
Return on sales
(Operating income/revenue)
%
Return on investment
(Operating income/average
12 months invested capital)
%
Investor Update Q1 2013 results
Net debt/EBITDA
x
New and realistic 2015 financial targets
focused on quality of earnings
and value creation
Assumes sales growth (CAGR) for the period of 4%
*2012 excluding impairment (€2.1 billion) and after IAS19
5,9
9,0
0
4
8
12
2012 2015
1.4
2,0
0
1
2
3
2012 2015
**
<
18
19. Investor Update Q1 2013 results
Strategy on a page
Strategic focus areas
• Care for the customer
• Reduction of product
and process complexity
• Cash and return on
investment
• Embedded safety
and sustainability
• Diverse and inclusive
talent development
Processes
• Behavior-based
and process safety
• Operational
control cycle
• Continuous
improvement
• Innovation
• Procurement
• Talent management
Actions
• Deliver dependably
• Grow organically
• Innovate
• Simplify
• Standardize
• Continuously
improve
End-user segmentation
• Buildings and
Infrastructure
• Transportation
• Consumer Goods
• Industrial
19
20. Investor Update Q1 2013 results
~43% 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
~16% of revenues
Consumer Durables
Consumer Packaged Goods
~25% of revenues
Natural Resource and Energy Industries
Process Industries
20
21. High growth markets are 44% of revenue
and their importance will increase
Investor Update Q1 2013 results
Our goal: Greater than 50% of revenues from high growth markets
% of 2012 revenue, excluding Decorative Paints North America
38%
Mature Europe
26%
Asia Pacific
2%
Middle East
and Africa
11%
Latin America
15%
North America
8%
Emerging Europe 0%
3%
6%
9%
UK Eurozone USA Latin
America
China Developing
Asia
2013 2014 2015
* Source: EIU: GDP year on year growth in local currency at constant prices
Three year GDP growth*
21
22. Capital expenditure
2012, 100% = €826 million (5.4% of revenue)
Capital allocation policy is focused on
high growth markets and efficiency
Investor Update Q1 2013 results
15%
25%
58%
2%
Performance Coatings Decorative Paints
Specialty Chemicals Other
• Capital expenditure will be around 4% of revenues
going forward
• 40-50% growth related
Business
Area
Investment
project
2012 2013 2014 2015
Performance
Coatings
China
expansion
Decorative
Paints
UK
megaplant
Decorative
Paints
China
expansion
Specialty
Chemicals
Ningbo
multisite
Specialty
Chemicals
Frankfurt
membrane
Specialty
Chemicals
Brazil
Eldorado
Specialty
Chemicals
Brazil
Suzano
Major projects underway and timing of spend
22
23. Investor Update Q1 2013 results
• ‘Downstream eco-premium solutions’:
20% of our revenues by 2020
We will increase the revenue from solutions
that generate direct resource and energy benefits
for our customers, consumers and users
• Reduction of carbon emissions
25-30% reduction per ton by 2020 (2012 base)
We will reduce our carbon emissions through the value chain
• Resource efficiency
As of 2014 AkzoNobel will report on an innovative new index
measuring how we improve resource efficiency across the
full value chain - compared to the value we generate
Sustainability is business;
Business is sustainability
23
24. Investor Update Q1 2013 results
End-user segment trends,
combined with sustainability,
direct our innovation spend
End-user segments
Sustainability
Sustainability = Business
Business = Sustainability
Direction of
innovation
spend
(2.5% of 2012 revenue)
24
25. 25
Key Features
• Excellent drying times - even at low temperatures
and under high humidity conditions
• Based on patented catalyst technology
• Available as an extremely fast-drying primer and a
best-in-class leveling high-gloss top coat
Customer Benefits
• Outdoor painting jobs can be carried out between
3°C and 30°C, the whole year through
• Long-lasting coating due to improved durability
• Perfect appearance in whiteness and flow
properties
Growth Potential
• Initially launched in Netherlands in November
2012 – forecast sales volume for the year was
achieved in just two weeks
• Extremely attractive offering for the professional
painter segment
• Roll-out to be extended to other premium markets
during 2013
Innovation Pipeline Q1 2013
Decorative Paints – Sikkens Rubbol Express Line
MO
21° / 30°
TU
13° / 20°
WE
4° / 12°
TH
2° / 7°
FR
0° / 3°
A fast-drying trim paint range for all seasons and all weather conditions
26. 26
Key Features
• Next generation biocidal antifouling, based on
patented Linear Polishing Polymer (LPP)
technology
• Highly hydrated super-hydrophilic surface
established on immersion
• Monomer process chemistry developed in
collaboration with AkzoNobel Surface Chemistry
Customer Benefits
• Predictable fouling prevention over 60 months
through consistent polishing performance
• Reduced vessel drag leading to lower fuel
consumption
• Economically & environmentally favorable
schemes compared to current silyl acrylate
alternative*
Growth Potential
• Global launch in Feb 2013 with further
development underway
• Sales predicted to double over three years
Innovation Pipeline Q1 2013
Marine Coatings – Intercept® 8000 LPP
TBT SPC
Metal Acrylate SPC
Silyl Acrylate SPC
Intercept 8000 LPP
Novel anti-fouling technology with linear performance and reduced environmental impact*
* Based on an eco-efficiency analysis study
27. 27
Key Features
• Heat-sealable, high gloss, abrasion-resistant
varnish with excellent water and grease barrier
properties
• Base resin made from recycled PET, enabling
100% recyclable, re-pulpable and compostable
paper packaging
• Replaces fluorocarbon wax barrier coatings
Customer Benefits
• Increased efficiency for customers through faster
processing
• Improved package performance through
enhanced barrier properties
• Reduced environmental impact due to recyclable
character
Growth Potential
• Serving the total paper packaging value chain in
collaboration with AkzoNobel Pulp and
Performance Chemicals
• First entry of Packaging Coatings business into €4
billion global paper coatings market
• Significant growth opportunities in next three
years identified
Innovation Pipeline Q1 2013
Packaging Coatings - EvCote® barrier coating
Multi-functional solution for paper and paperboard packaging applications
with reduced environmental footprint
28. Innovation Pipeline Q1 2013
Pulp and Performance Chemicals – EcoFill®
28
A superior high filler technology for fine paper and packaging
Key Features
• Proprietary, engineered cellulose and charge
control polymer binding system for improving paper
strength
• Enables 5-10 percent of expensive wood pulp to be
replaced by cheaper mineral fillers without
compromising paper quality
Customer Benefits
• Better sustainability – uses fewer trees
• Reduced raw material costs
• Reduced drying time and lower energy
consumption in paper production
• Faster production
• Improved product performance
Growth Potential
• Launched in Asia and North America in
2012; to be extended to Europe during
2013
• Potential applications in other segments
where different filler types are used
• The knowledge is expected to be used for
modified chemical systems for other non-
filler paper/board grades
29. Investor Update Q1 2013 results
2013 Plan
• Accelerate delivery of recurring €500 million
EBITDA gain in 2013, which was originally
intended in 2014
• Associated cost is estimated at €205 million
• Guidance of €500 million remains even though
North America Decorative Paints will be
divested
• Added measures included
Performance Improvement Program
to deliver €500 million in 2013,
one year earlier than planned
Operational
Excellence
Functional
Excellence
Business Unit
Adaptations
Key summary to date
• Gains of €250 million,
excluding Decorative Paints North America
• Costs of €292 million,
excluding Decorative Paints North America
• Pulled actions and associated costs forward
• Added measures (including European Decorative
Paints) with additional cost in 2012
Performance Improvement Program
29
30. Investor Update Q1 2013 results
• Product and margin management
• Consolidation of RD&I
• Logistic and warehouse optimization
Operational
Excellence
Functional
Excellence
Business Unit
Adaptations
• IT infrastructure simplification
• HR shared service model
• Finance shared service centers
• Organizational redesign of Marine and Protective
Coatings, Wood Finishes and Adhesives, and
• Pulp and Performance Chemicals
• Additional restructuring of Decorative Paints Europe
During 2013, we will embed
continuous improvement
in our businesses
Embedding
Moving from project based to continuous
improvement will be core in 2013
30
31. Investor Update Q1 2013 results
Our actions in 2012 have
simplified the Business Areas
Business Area Business Units
Decorative Paints
• Europe
• Latin America
• Asia
Performance Coatings
• Marine and Protective Coatings
• Automotive and Aerospace Coatings
• Powder Coatings
• Industrial Coatings
Specialty Chemicals
• Functional Chemicals
• Industrial Chemicals
• Surface Chemistry
• Pulp and Performance Chemicals
2012 Actions
• Completed divestment of
Chemicals Pakistan
• Reduction of business units
• Wood finishes is now part of
Industrial Coatings
• Specialty finishes, previously in
Industrial Coatings, is now
with Automotive
• Announced divestment
of North America Decorative Paints
31
32. By end-user segment
2011, 100% = €75 billion
Investor Update Q1 2013 results
The global paints and coatings
market is around €75 billion
By market sector
2011, 100% = €75 billion
Decorative
Paints
(43%)
Automotive
OEM
Protective
Vehicle
Refinish
Performance
Coatings
(57%)
General
Industrial
Powder
Wood
Marine
Coil
Packaging
Aerospace
Yacht
Source: Orr & Boss; management analysis
Buildings and
Infrastructure
Transportation
Consumer
Goods
Industrial
32
33. AkzoNobel has many leading
market positions
Investor Update Q1 2013 results
No.1 Position Other key players
Decorative
Multiple regions
outside North
America
PPG, regional players
North America* Sherwin-Williams PPG, regional players
Protective Sherwin-Williams, Jotun
Powder Axalta, Jotun, regional players
Auto refinish Axalta PPG, AkzoNobel
Wood Sherwin-Williams, Valspar
Marine Jotun, Chugoku
Coil PPG, Beckers
* AkzoNobel not present with North America divestment to PPG 33
34. Investor Update Q1 2013 results
BA-level core processes and capabilities
• Branding
• Distributor, wholesaler, retail management
• Understanding and serving professional painters
• Consumer inspiration
• Quality management, including product portfolio management
Revenue by geographic region
Decorative Paints overview
€ million 2012*
Revenue 4,297
EBITDA 284
Operating income 94
Return on sales 2.2%
Return on investment 3.0%
# Employees 17,020
Revenue by end-user
sub-segment
* After the divestment of Decorative Paints North America, excluding impairment (€2.1 billion)
Decorative Paints key figures
(new definition)
49%
25%
14%
8%4% Mature Europe
Asia Pacific
Latin America
Emerging Europe
Other regions
84%
16% Maintenance,
renovation and repair
New build projects
34
35. 62%14%
24%
Europe
Latin America
Asia
End-user
sub-segment
Geographic region Forward
looking trends
New build
projects
Europe
North America
Asia
Latin America
Maintenance,
renovation and
repair
Europe
North America
Asia
Latin America
Investor Update Q1 2013 results
Decorative Paints sees limited overall
market sector growth in the near future
Expected market growth for the
market sectors relevant to
AkzoNobel: 3-4%
Revenue by Business Unit
35
36. Investor Update Q1 2013 results
Europe
• European organization de-layered
• Better proximity to customers
• Implemented standard processes and merged
ERP system to one
• Implementing a single business entity
• Restructuring cost and benefits for 2013 included
in Performance Improvement Program
• Additional costs are expected in 2014; total
recurring operational benefits of €100 million
will be realized by end of 2014
High growth markets
• Additional investment in China
• Continuously expanding the franchise network
in China, India, and South East Asia
• Stronger focus on Eastern Europe,
Middle East and Africa
• Expansion of activities in Latin America
After the divestment of North America,
our focus is on adapting Europe,
and investing in high growth markets
36
37. Decorative Paints strategic direction
Investor Update Q1 2013 results
Noteworthy events 2012
• Launched “Let’s Color” brand and
campaign globally
• Global campaigns to inspire customers
• Expanded store network in China and India
• Announcement divestment of Decorative
Paints North America
• Realigning and restructuring European
business
Actions going forward
• Expand manufacturing capacity in
China and India
• Expand market presence in
emerging Europe and the Middle East
• Complete the divestment of North America
• Launch new products for the
high growth markets
• Deliver on the realignment of the European
organization
Expected 2015 financial outcomes
• Organic revenue growth: 5%
• Return on sales: 7.5%
• Return on investment : 12%
37
38. 27%
20%30%
11%
8%4%
Mature Europe
North America
Asia Pacific
Emerging
Europe
Latin America
Other regions
36%
27%
23%
14%
Transportation
Consumer
Goods
Buildings and
Infrastructure
Industrial
Investor Update Q1 2013 results
Performance Coatings overview
Performance Coatings
key figures (new definition)
Revenue by end-user segment Revenue by geographic region
€ million 2012
Revenue 5,702
EBITDA 673
Operating income 542
Return on sales 9.5%
Return on investment 21.7%
# Employees 21,310
BA-level core processes and capabilities
• Industrial key account management
• Technical support and service
• Design, color and color matching
• Continuous innovation in functionality and
ease-of-use
• Sustainable, safe solutions
38
39. End-user
segment
Performance Coatings
market sectors serving
the segment
Forward looking
trends
Transportation Automotive and air
Marine transport
Consumer
Goods
Powder and packaging
coatings, wood and
specialty plastic finishes
Buildings and
Infrastructure
Protective, coil and
powder coatings, wood
finishes
Industrial Protective and powder
coatings
Investor Update Q1 2013 results
Expected market growth for the
market sectors relevant to
AkzoNobel: 4%
Performance Coatings sees growth in
several key market sectors
* AkzoNobel has a limited position in Automotive OEM coatings
28%
23%17%
32%
Marine and
Protective
Coatings
Automotive and
Aerospace
Coatings
Powder
Coatings
Industrial
Coatings
Revenue by Business Unit
39
40. Performance Coatings strategic direction
Investor Update Q1 2013 results
Noteworthy events 2012
• Schramm acquisition integration on track
• Opened a new manufacturing facility in Vietnam
• Multiple sport stadium contracts for
London Olympics and Brazil’s future events
• McLaren partnership expanded
• Realigned organization to four Business Units
(from five)
• Reorganized Europe for multiple Business Units
(Wood, Marine, Automotive)
Actions going forward
• Complete manufacturing expansion for
automotive refinish in China
• Complete Schramm integration
• Product and margin management
• Continue product line rationalization
• Continue ERP consolidation
Expected 2015 financial outcomes
• Organic revenue growth: 5%
• Return on sales: 12%
• Return on investment: 25%
40
41. Investor Update Q1 2013 results
Specialty Chemicals overview
Specialty Chemicals key figures
(new definition)
Revenue by end-user segment Revenue by geographic spread
€ million 2012
Revenue 5,543
EBITDA 830
Operating income 500
Return on sales 9.0%
Return on investment 13.6%
# Employees 10,750
18%
6%
18%
58%
Buildings and
Infrastructure
Transportation
Consumer
Goods
Industrial
40%
21%
22%
10%
4%3% Mature Europe
North America
Asia Pacific
Latin America
Emerging Europe
Other regions
BA-level core processes and capabilities
• Management of integrated value chains
• Continuous technological advancement
• Engineering and project management
• Process safety
• Product and margin management
• Managing capital intensive businesses and expansions
41
42. End -user
segment
Specialty Chemical
market sectors serving
the segment
Forward
looking trends
Industrial Surface Chemistry,
Industrial Chemicals,
Functional Chemicals,
Pulp and Performance
Consumer
Goods
Surfactants, polymers,
chelates, ethylene amines,
silica products
Buildings and
Infrastructure
Redispersable powders,
cellulosic derivatives,
chlorine, surfactants
Transportation Chlor-alkali, organic
peroxides, metal alkyls
Investor Update Q1 2013 results
Specialty Chemicals sees limited growth
in its key market sector positions
Expected market growth for the
market sectors relevant to
AkzoNobel: 3%
Revenue by Business Unit
37%
22%
20%
21%
Functional
Chemicals
Industrial Chemicals
Surface Chemistry
Pulp and
Performance
Chemicals
• Key challenges due to capacity surplus in ethylene amines
• Significant energy cost differentiation among regions
42
43. Specialty Chemicals strategic direction
Investor Update Q1 2013 results
Noteworthy events 2012
• Acquired Boxing Oleochemicals, China
• Further expansion in Ningbo, China multisite
• MCA expansion in Taixing, China
• Opened bleaching chemical Island in Brazil
and further investment in another site
• Demerger and sales of Chemicals Pakistan
Actions going forward
• Further integrate and grow Boxing
• Benefit from capacity expansions in Taixing,
Brazil and Germany
• Generate growth from new products
• Further rationalize and consolidate
ERP systems
Expected 2015 financial outcomes
• Organic revenue growth: 3%
• Return on sales: 12%
• Return on investment: 15%
43
45. Incidentals now included in EBITDA* as
part of ongoing business
Investor Update Q1 2013 results
€ million 2010 2011 2012
Restructuring costs (104) (129) (324)
Impairment Deco - - (2,106)
Results related to major legal,
anti-trust and environmental cases
Results of acquisitions and divestments 33 10 (45)
Other incidental results (19) 2 (9)
Total Incidentals as reported (139) (126) (2,520)
Restructuring costs - - -
Impairment Deco - - (2,106)
Results related to major legal,
anti-trust and environmental cases
Results of acquisitions and divestments 33 10 (30)
Other incidental results (16) 2 (14)
Total Restated Incidentals (incl IAS 19 impact) (32) 3 (2,170)
Total difference (107) (129) (350)
Of which IAS 19 impact on incidentals - - 6
Remaining difference due to definition change) (107) (129) (344)
EBITDAas reported 2,009 1,834 1,901
EBITDA adjustment due to new definitions (107) (129) (344)
EBITDA adjustment due to IAS 19 impact 13 12 40
Restated EBITDA (IAS 19 impact included) 1,915 1,717 1,597
(9)
(9)
(36)
(20)
(49)
(49)
* Restated for IAS19 adjustments which impact the other line 45
46. 0%
100%
Investor Update Q1 2013 results
Profit and loss breakdown*
% of total
Variable costs represent
54% of revenue
Decorative
Paints
Performance
Coatings
Specialty
Chemicals
AkzoNobel
Raw materials, energy and other variable costs
Fixed production costs
Selling, advertising, administration, R&D costs
EBIT margin
* Rounded percentages
• Decorative Paints is more driven by
personnel costs in the distribution network,
while Specialty Chemicals has more
production costs
• Operating expense growth is primarily
due to wage inflation
• The performance improvement program
benefits are equally split
between fixed and variable costs
46
47. Variable costs analysis
Investor Update Q1 2013 results
30%
3%
7%
5%
14%
3%
9%
16%
7%
6%
2012 (excluding Decorative North America)
* Other variable costs include variable selling costs (e.g. freight) and products for resale ** Other raw materials include cardolite, hylar etc.
*** Chemicals and intermediates include caustic soda, acetic acid, tallow, ethylene, ethylene oxide, sulfur, amines etc.
Energy & other variable costs*
Raw materials
Other raw materials**
Titanium
dioxide
Coatings’ specialties
Resins
Pigments
Additives
Solvents
Packaging
Chemicals and
intermediates***
47
48. Debt duration 4.0 years and
no refinancing currently required
48Investor Update Q1 2013 results
Debt maturities*
€ million (nominal amounts)
Strong liquidity position to support growth
• Undrawn revolving credit facility of €1.7 billion (2017) and €0.1 billion (2016)
• €1.5 and $3 billion commercial paper programs, backed by the revolving credit facility
• Net cash and cash equivalents €1.1 billion*
15
825
622
920
750
390
43
296
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
€ bonds $ bonds £ bonds
* At the end of Q1 2013
49. Pension cash flow guidance
Investor Update Q1 2013 results
Defined benefit pension cash top-ups
€ million
2011 actual 353
2012 actual* 355
2013 estimated ~300
2014 -17 estimated ~330/year
2018 estimated ~100
• Top-ups relate mainly to the UK
• Top-ups are based on prudent actuarial
valuation of liabilities, which differs from
accounting liability
• Actuarial pension deficit of the 2 main UK
plans is estimated at €1.5 – 2 billion
• Recent actuarial funding reviews on ICI and
CPS pension funds in the UK have resulted
in reduced top-ups by €485 million over the
next six years
• The next triennial reviews will be completed
in 2015
Defined benefit 110
Defined contribution 180
Regular contributions
€ million 2013 estimated
* Excludes one-off cash transfer of €239 million to ICI Pension Fund in the UK being termination of a contingent asset structure. 49
50. Dividends
Investor Update Q1 2013 results
• Our dividend policy is to pay a stable to rising
dividend each year
• An interim and final dividend will be paid in
cash unless shareholders elect to receive a
stock dividend
2012
0.33
1.12
2011
0.33
1.12
2010
0.32
1.08
2009
0.30
1.05
Interim dividendFinal dividend
50
51. Short term incentives have been aligned
with our priorities
Investor Update Q1 2013 results
• Financial targets are set based on
– Return on investment
– Operating income
– Operating cash flow
• More than 600 executives are affected
by this change
• Alignment of priorities
Executive short term bonus 2013
Bonus
Element
Metric
20% Return on investment
20% Operating income
30% Operating cash flow
30% Personal targets – related to
performance improvement
plan
51