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 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.
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 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 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 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.
This document provides a summary of Alain Daniel Voordecker's personal and professional details. It outlines his current role as Operations Director at Eaton Hydraulics, with responsibilities including finance, HR, supply chain, and EHS across 5 sites. It also details his past experience in planning, supply chain, and purchasing roles. His educational background includes a BCom in Management and various leadership and operations training courses. Contact details and references are also provided.
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 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.
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 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 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 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.
This document provides a summary of Alain Daniel Voordecker's personal and professional details. It outlines his current role as Operations Director at Eaton Hydraulics, with responsibilities including finance, HR, supply chain, and EHS across 5 sites. It also details his past experience in planning, supply chain, and purchasing roles. His educational background includes a BCom in Management and various leadership and operations training courses. Contact details and references are also provided.
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.
Klöckner & Co SE reported financial results for Q4 and FY 2012. Key highlights include:
- EBITDA before restructuring costs was €139m for FY2012, down from €227m in FY2011, due to challenging steel markets in Europe and the US.
- Net income was negatively impacted at -€198m by high restructuring costs and other one-off expenses related to a restructuring program.
- Sales improved 4.1% to €7.4bn for FY2012 despite a 6.1% decline in turnover to 7.1 million tons, driven by growth in higher-margin products and services.
- The restructuring program has already
Klöckner & Co - Roadshow Presentation March 13-14, 2013Klöckner & Co SE
Klöckner & Co SE reported financial results for 2012 that were impacted by challenging steel markets in Europe and restructuring costs. EBITDA before restructuring was €139 million, down from €227 million in 2011. Net income declined to a loss of €198 million due to restructuring costs and other one-time charges. However, the company reduced net debt by €49 million year-over-year through strict working capital management. The restructuring program was ahead of plan with €51 million in cost savings in 2012 and further reductions expected in 2013.
Klöckner & Co - Roadshow Presentation March 12, 2013Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented at a Morgan Stanley roadshow in London on March 12, 2013. The presentation highlighted that while steel markets, especially in Europe, remained challenging, the company's restructuring was ahead of plan. Key points included that over 1,200 employees and 40 sites had been reduced as part of the restructuring. The company expected the restructuring measures to contribute around €200 million in EBITDA in 2013, allowing it to return to profitable growth. Net debt was also significantly reduced through tight working capital management.
Klöckner & Co - 11th HSBC's Equity Conference Paris 2013Klöckner & Co SE
The document summarizes Klöckner & Co SE's financial results for Q4 and FY 2012. Key points include:
- EBITDA before restructuring costs was €139m for FY2012, down from €227m the prior year due to challenging steel markets in Europe and the US.
- Net income was negatively impacted at -€198m by restructuring costs and other one-offs.
- Sales improved 4.1% to €7.4bn while turnover grew 6.1% to 7.1 million tons.
- The US continued to be a growth driver with a 31% increase in turnover year-over-year.
- Restructuring measures aimed to
The document summarizes Klöckner & Co SE's financial results for Q4 and FY 2012. Key points include:
- EBITDA was €139m for FY 2012 and €22m for Q4 2012, down from previous year due to challenging steel markets and restructuring costs.
- Sales increased 4.1% for FY 2012 but decreased 6.1% for Q4 2012.
- A restructuring program reduced over 1,800 employees and closed 40 of 60 planned sites, contributing €51m in cost savings.
- The restructuring is ahead of plan with two-thirds completed to improve profitability going forward.
Suominen Corporation reported financial results for Q4 and full year 2016. Net sales and operating profit did not meet expectations due to pricing pressure and lower volumes. However, cash flow from operations remained strong. A major investment in Bethune, SC was completed on schedule and will provide new growth opportunities once production begins in Q1 2017. For 2017, Suominen aims to increase net sales above 600M Euros and reach an operating profit of over 10% through execution of its 2017-2021 strategy.
Klöckner & Co - Roadshow Presentation March 6-7, 2013Klöckner & Co SE
Klöckner & Co reported challenging financial results in 2012 due to weak steel markets in Europe and the US. EBITDA declined 38.6% year-over-year due to restructuring costs and market pressures. However, the company made progress on its restructuring plan, closing sites and reducing headcount ahead of schedule. Free cash flow was positive due to tight working capital management. Looking forward, management expects the restructuring efforts to contribute €200 million in EBITDA improvements in 2013, assuming markets stabilize.
Klöckner & Co - Roadshow Presentation April 9, 2013Klöckner & Co SE
Klöckner & Co SE reported financial results for 2012 that were impacted by challenging steel markets and restructuring costs. Sales increased 4.1% while EBITDA declined due to restructuring charges of €62 million. The company made progress on its restructuring plan, closing sites and reducing headcount ahead of schedule. Free cash flow was strongly positive at €67 million due to tight working capital management. Net debt was significantly reduced despite impairments through cash generation and working capital efficiency.
Klöckner & Co - Roadshow Presentation March 20, 2013Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented its financial results and outlook at a roadshow in Dublin on March 20, 2013. The presentation discussed Klöckner's restructuring efforts to improve profitability, including site closures and workforce reductions, with the restructuring program ahead of plan. Financial results for 2012 were impacted by challenging steel markets and restructuring costs, but free cash flow was positive due to working capital management. Klöckner expects the restructuring measures to contribute to improved earnings of around €200 million EBITDA in 2013.
Klöckner & Co - Bankhaus Lampe DeutschlandkonferenzKlöckner & Co SE
This document summarizes Klöckner & Co's financial results for Q4 and FY 2012. Key points include:
1) EBITDA was negatively impacted by €62 million in restructuring costs, but excluding this was €139 million for FY 2012.
2) Sales increased 4.1% for FY 2012 but declined 6.1% in Q4 reflecting seasonal slowdown and restructuring measures.
3) The company made progress on its restructuring plan, reducing headcount by over 1,200 and closing 40 of 60 planned sites.
The document provides a mid-quarter update and CSR report from Transcom, a global customer experience specialist. The summary includes:
1) Transcom provides an overview of its mid-quarter financial and operational performance, noting revenue growth, improved KPIs such as seat utilization and attrition, and priorities for 2014 like increasing onshore utilization.
2) Transcom's CSR program, Transcom Cares, is introduced with a focus on people development, equality and diversity, and community engagement. Objectives are outlined to further these areas.
3) An external consultant presents the results of a stakeholder materiality assessment identifying the most important CSR issues for Transcom's stakeholders.
Transcom Q4 2015 and FY 2015 results presentationTranscom
Transcom reported financial results for the fourth quarter of 2015. Revenue declined 4.1% organically due to losing a public sector contract in Italy. The EBIT margin was 4.1%, excluding non-recurring items. Transcom is closing its loss-making site in Colombia and evaluating its remaining Latin American business. It is also simplifying its regional structure to improve efficiency and margins going forward. The board recommends a dividend of 1.75 SEK per share based on the full year results.
This document provides a summary of Transcom's second quarter 2015 results presentation. It discusses Transcom's good financial progress against targets for revenue growth, EBIT margin, and net debt. The EBIT margin improved in all regions. Key highlights include Transcom being a global customer experience specialist with over 30,000 employees in 23 countries, generating €616.8 million in revenue in 2014. The presentation outlines Transcom's strategic direction of delivering outstanding customer experiences to drive revenue and loyalty, in line with an attractive and growing industry.
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.
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.
The Barry Callebaut Group: Full-Year Results 2013/14 - Roadshow PresentationBarry Callebaut
Barry Callebaut reported strong full year results for fiscal year 2013/2014. Sales volume increased 11.8% to 1.7 million tonnes due to the acquisition of a cocoa business, growth in emerging markets and gourmet products. EBIT grew 21.4% to CHF 416.2 million and net profit increased 14.5% to CHF 255 million, demonstrating the success of integrating recently acquired businesses. The company aims to further enhance profitability through margin improvement, cost control and expanding its leadership in sustainable cocoa.
- The company underwent restructuring in 2014 after a period of investment and diversification, focusing now on core areas to deliver profit growth.
- While net fee income declined, cost reductions and improved profitability in the second half of 2014 helped maintain the annual dividend.
- The company has a strategy and goals in place for 2015 focused on profit growth, developing existing clients, and growing contract revenue to increase stability.
Klöckner & Co SE reported financial results for FY 2012 and Q4 2012. FY 2012 EBITDA before restructuring costs was €139 million, down from €227 million in FY 2011 due to challenging steel markets. Net income was negatively impacted at -€198 million by restructuring costs and impairments. However, the company made progress in its restructuring plan, reducing overhead costs and closing underperforming sites. Free cash flow was strongly positive at €67 million due to tight net working capital management. The outlook expects earnings improvement in 2013 as the benefits of restructuring materialize.
- 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 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.
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.
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.
Klöckner & Co SE reported financial results for Q4 and FY 2012. Key highlights include:
- EBITDA before restructuring costs was €139m for FY2012, down from €227m in FY2011, due to challenging steel markets in Europe and the US.
- Net income was negatively impacted at -€198m by high restructuring costs and other one-off expenses related to a restructuring program.
- Sales improved 4.1% to €7.4bn for FY2012 despite a 6.1% decline in turnover to 7.1 million tons, driven by growth in higher-margin products and services.
- The restructuring program has already
Klöckner & Co - Roadshow Presentation March 13-14, 2013Klöckner & Co SE
Klöckner & Co SE reported financial results for 2012 that were impacted by challenging steel markets in Europe and restructuring costs. EBITDA before restructuring was €139 million, down from €227 million in 2011. Net income declined to a loss of €198 million due to restructuring costs and other one-time charges. However, the company reduced net debt by €49 million year-over-year through strict working capital management. The restructuring program was ahead of plan with €51 million in cost savings in 2012 and further reductions expected in 2013.
Klöckner & Co - Roadshow Presentation March 12, 2013Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented at a Morgan Stanley roadshow in London on March 12, 2013. The presentation highlighted that while steel markets, especially in Europe, remained challenging, the company's restructuring was ahead of plan. Key points included that over 1,200 employees and 40 sites had been reduced as part of the restructuring. The company expected the restructuring measures to contribute around €200 million in EBITDA in 2013, allowing it to return to profitable growth. Net debt was also significantly reduced through tight working capital management.
Klöckner & Co - 11th HSBC's Equity Conference Paris 2013Klöckner & Co SE
The document summarizes Klöckner & Co SE's financial results for Q4 and FY 2012. Key points include:
- EBITDA before restructuring costs was €139m for FY2012, down from €227m the prior year due to challenging steel markets in Europe and the US.
- Net income was negatively impacted at -€198m by restructuring costs and other one-offs.
- Sales improved 4.1% to €7.4bn while turnover grew 6.1% to 7.1 million tons.
- The US continued to be a growth driver with a 31% increase in turnover year-over-year.
- Restructuring measures aimed to
The document summarizes Klöckner & Co SE's financial results for Q4 and FY 2012. Key points include:
- EBITDA was €139m for FY 2012 and €22m for Q4 2012, down from previous year due to challenging steel markets and restructuring costs.
- Sales increased 4.1% for FY 2012 but decreased 6.1% for Q4 2012.
- A restructuring program reduced over 1,800 employees and closed 40 of 60 planned sites, contributing €51m in cost savings.
- The restructuring is ahead of plan with two-thirds completed to improve profitability going forward.
Suominen Corporation reported financial results for Q4 and full year 2016. Net sales and operating profit did not meet expectations due to pricing pressure and lower volumes. However, cash flow from operations remained strong. A major investment in Bethune, SC was completed on schedule and will provide new growth opportunities once production begins in Q1 2017. For 2017, Suominen aims to increase net sales above 600M Euros and reach an operating profit of over 10% through execution of its 2017-2021 strategy.
Klöckner & Co - Roadshow Presentation March 6-7, 2013Klöckner & Co SE
Klöckner & Co reported challenging financial results in 2012 due to weak steel markets in Europe and the US. EBITDA declined 38.6% year-over-year due to restructuring costs and market pressures. However, the company made progress on its restructuring plan, closing sites and reducing headcount ahead of schedule. Free cash flow was positive due to tight working capital management. Looking forward, management expects the restructuring efforts to contribute €200 million in EBITDA improvements in 2013, assuming markets stabilize.
Klöckner & Co - Roadshow Presentation April 9, 2013Klöckner & Co SE
Klöckner & Co SE reported financial results for 2012 that were impacted by challenging steel markets and restructuring costs. Sales increased 4.1% while EBITDA declined due to restructuring charges of €62 million. The company made progress on its restructuring plan, closing sites and reducing headcount ahead of schedule. Free cash flow was strongly positive at €67 million due to tight working capital management. Net debt was significantly reduced despite impairments through cash generation and working capital efficiency.
Klöckner & Co - Roadshow Presentation March 20, 2013Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented its financial results and outlook at a roadshow in Dublin on March 20, 2013. The presentation discussed Klöckner's restructuring efforts to improve profitability, including site closures and workforce reductions, with the restructuring program ahead of plan. Financial results for 2012 were impacted by challenging steel markets and restructuring costs, but free cash flow was positive due to working capital management. Klöckner expects the restructuring measures to contribute to improved earnings of around €200 million EBITDA in 2013.
Klöckner & Co - Bankhaus Lampe DeutschlandkonferenzKlöckner & Co SE
This document summarizes Klöckner & Co's financial results for Q4 and FY 2012. Key points include:
1) EBITDA was negatively impacted by €62 million in restructuring costs, but excluding this was €139 million for FY 2012.
2) Sales increased 4.1% for FY 2012 but declined 6.1% in Q4 reflecting seasonal slowdown and restructuring measures.
3) The company made progress on its restructuring plan, reducing headcount by over 1,200 and closing 40 of 60 planned sites.
The document provides a mid-quarter update and CSR report from Transcom, a global customer experience specialist. The summary includes:
1) Transcom provides an overview of its mid-quarter financial and operational performance, noting revenue growth, improved KPIs such as seat utilization and attrition, and priorities for 2014 like increasing onshore utilization.
2) Transcom's CSR program, Transcom Cares, is introduced with a focus on people development, equality and diversity, and community engagement. Objectives are outlined to further these areas.
3) An external consultant presents the results of a stakeholder materiality assessment identifying the most important CSR issues for Transcom's stakeholders.
Transcom Q4 2015 and FY 2015 results presentationTranscom
Transcom reported financial results for the fourth quarter of 2015. Revenue declined 4.1% organically due to losing a public sector contract in Italy. The EBIT margin was 4.1%, excluding non-recurring items. Transcom is closing its loss-making site in Colombia and evaluating its remaining Latin American business. It is also simplifying its regional structure to improve efficiency and margins going forward. The board recommends a dividend of 1.75 SEK per share based on the full year results.
This document provides a summary of Transcom's second quarter 2015 results presentation. It discusses Transcom's good financial progress against targets for revenue growth, EBIT margin, and net debt. The EBIT margin improved in all regions. Key highlights include Transcom being a global customer experience specialist with over 30,000 employees in 23 countries, generating €616.8 million in revenue in 2014. The presentation outlines Transcom's strategic direction of delivering outstanding customer experiences to drive revenue and loyalty, in line with an attractive and growing industry.
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.
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.
The Barry Callebaut Group: Full-Year Results 2013/14 - Roadshow PresentationBarry Callebaut
Barry Callebaut reported strong full year results for fiscal year 2013/2014. Sales volume increased 11.8% to 1.7 million tonnes due to the acquisition of a cocoa business, growth in emerging markets and gourmet products. EBIT grew 21.4% to CHF 416.2 million and net profit increased 14.5% to CHF 255 million, demonstrating the success of integrating recently acquired businesses. The company aims to further enhance profitability through margin improvement, cost control and expanding its leadership in sustainable cocoa.
- The company underwent restructuring in 2014 after a period of investment and diversification, focusing now on core areas to deliver profit growth.
- While net fee income declined, cost reductions and improved profitability in the second half of 2014 helped maintain the annual dividend.
- The company has a strategy and goals in place for 2015 focused on profit growth, developing existing clients, and growing contract revenue to increase stability.
Klöckner & Co SE reported financial results for FY 2012 and Q4 2012. FY 2012 EBITDA before restructuring costs was €139 million, down from €227 million in FY 2011 due to challenging steel markets. Net income was negatively impacted at -€198 million by restructuring costs and impairments. However, the company made progress in its restructuring plan, reducing overhead costs and closing underperforming sites. Free cash flow was strongly positive at €67 million due to tight net working capital management. The outlook expects earnings improvement in 2013 as the benefits of restructuring materialize.
- 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 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.
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.
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.
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.
- 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.
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.
- 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 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.
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
This document summarizes Transcom's fourth quarter 2014 results presentation. Some key points:
- Transcom is a global customer experience specialist with 29,000 employees generating €616.8 million in revenue in 2014.
- In Q4 2014, Transcom saw a 3.8% increase in like-for-like revenue compared to Q4 2013 and an improved EBIT margin of 5.8%.
- For all of 2014, Transcom's core customer relationship management business saw an EBIT margin increase to 3.5%, driven by improvements in North America & Asia Pacific and North Europe.
- Going forward, Transcom has set mid-term targets for revenue growth and EBIT
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.
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.
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.
- Generali Group reported strong financial results for 2014, exceeding targets for operating ROE and Solvency I ratio.
- Net income increased 21.6% excluding one-off items, driven by excellent operating performance in Life and P&C.
- The Solvency I ratio reached 156% at year-end and is pro-forma estimated at 164% following the agreed disposal of BSI.
- Based on results, Generali is proposing a 33% increase in dividend to €0.60 per share.
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.
- The Generali Group reported its 2013 results, with operating profit increasing 5.3% to €4.2 billion despite challenging market conditions.
- Net income increased significantly to €1.9 billion from €94 million in 2012, though several one-off items impacted Q4 results.
- The Solvency I ratio was 141% at year-end, up from 145% in 2012, and is estimated to be around 150% currently.
- The Generali Group reported its 2013 results, with operating profit increasing 5.3% to €4.2 billion despite challenging market conditions.
- Net income increased significantly to €1.9 billion from €94 million in 2012, though several one-off items impacted Q4 results.
- The Solvency I ratio was 141% at year-end, up from 145% in 2012, and is estimated to be around 150% currently.
Similar to AkzoNobel Q4 and FY 2013 Results Press briefing (20)
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 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.
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. 2013 has been a year of establishing a
different way forward
•
New strategy, targets, team, remuneration and company values
•
Clear signs of making progress with our strategy:
–
–
Net debt significantly reduced
–
•
underlying ROS and ROI improving
Performance Improvement Program finalized early
This has been done by:
–
–
Continued factory consolidation
–
Significant product complexity reduction
–
Acceleration of ERP reductions
–
Standardizing processes (HR, Finance, ISC, IM, etc.)
–
Start of delayering the organization
–
Adaptation of distribution where appropriate
–
•
Divesting non-strategic and weaker market positions
Further organic growth in China and Latin America
All actions done in difficult market conditions with currency
headwinds
Media briefing Full-Year and Q4 Results 2013
3
4. February: set out clear AkzoNobel vision
& strategy 2013–2015
2015 targets:
ROS
9.0%
ROI
14.0%
Net debt/
EBITDA
<2x
Media briefing Full-Year and Q4 Results 2013
4
5. H1 2013: environment remained turbulent,
improvement actions accelerated
% of 2013 revenue
38%
Mature Europe
8%
Emerging Europe
15%
North America
3%
Middle East
and Africa
25%
Asia Pacific*
11%
Latin America
• Markets remained challenging, especially in Chemicals
• High-growth markets slowing (but still higher-growth)
• Currencies volatile
Media briefing Full-Year and Q4 Results 2013
5
6. H2 2013: early signs of stabilization,
market conditions remain challenging
Quarterly volume development in % year-on-year
2012
2013
+5%
6
+4%
+3%
+2%
2
-2
-6
Decorative Paints
Performance Coatings
Specialty Chemicals
AkzoNobel
Quarterly price/mix development in % year-on-year
7
4
0%
+1%
1
-2
Decorative Paints
Performance Coatings
-1%
-2%
Specialty Chemicals
AkzoNobel
Media briefing Full-Year and Q4 Results 2013
6
7. Foreign exchange headwind particularly
visible in Q3 & Q4
Quarterly foreign exchange rate development in % year-on-year
2012
2013
6
2
-7%
-5%
-4%
-5%
-2
-6
Decorative Paints
Performance Coatings
Specialty Chemicals
AkzoNobel
• The 5 percent decrease in revenues in Q4 was mainly driven by adverse currency effects, which were
visible in all business areas and largely driven by our exposure to high growth markets
• The divestments of Building Adhesives and Chemicals Pakistan also impacted Q4 revenues in
Decorative Paints (-4%) and Specialty Chemicals (-6%)
Media briefing Full-Year and Q4 Results 2013
7
8. FY 2013 revenue and operating income
€ million
FY 2013
Δ%
Revenue
14,590
-5
958
6
FY 2013
FY 2012*
Return on sales
6.6
5.9
Return on sales (excluding incidentals and PIP costs)
8.5
8.2
Moving average return on investment
9.6
8.9
Operating income
Ratio, %
Increase
Decrease
Revenue development FY 2013 vs. FY 2012
+1%
0%
-2%
-4%
Volume
*2012 excluding impairment (€2.1 billion)
Price/Mix
Acquisitions/
divestments
Exchange rates
-5%
Total
Media briefing Full-Year and Q4 Results 2013
8
9. Decorative Paints
Q4 2013 highlights
=
€ million
Q4 2013
Δ%
Revenue
934
-6
Operating income
146
260
Q4 2013
Q4 2012
15.6
-9.1
1.4
-0.8
Ratio, %
Return on sales
Return on sales (excluding incidentals
and PIP costs)
• FY revenues down 3% due to adverse
currency effects and divestments
• FY volumes flat in Europe, all other
regions positive
• Operating income includes a
€198 million gain on the sale of
Building Adhesives
• Performance improvement programs
and restructuring measures have
lowered the cost base by more than 3
percent
Increase
Revenue development Q4 2013 vs. Q4 2012
Decrease
+5%
0%
-4%
-7%
Volume
Price/Mix
Acquisitions/
divestments
-6%
Exchange rates
Total
Media briefing Full-Year and Q4 Results 2013
9
10. Performance Coatings
Q4 2013 highlights
€ million
Q4 2013
Revenue
1,367
-2
73
-36
Q4 2013
Q4 2012
5.3
8.2
11.0
• FY revenues down 2 percent, due to
adverse currency effects
Δ%
11.1
Operating income
Ratio, %
Return on sales
Return on sales (excluding incidentals
and PIP costs)
• FY volumes flat, up 2% in Q4, with
positive developments in all
businesses
• FY operating income down 3% on
last year due to adverse currencies
and an acceleration in restructuring
activities in Q4 offsetting underlying
improvements
• Operational efficiency improvements
contributed in all businesses
Increase
Revenue development Q4 2013 vs. Q4 2012
Decrease
+2%
Volume
+1%
0%
-5%
Price/Mix
Acquisitions/
divestments
Exchange rates
-2%
Total
Media briefing Full-Year and Q4 Results 2013 10
11. Specialty Chemicals
Q4 2013 highlights
€ million
Q4 2013
Revenue
1,200
-9
-30
-141
Q4 2013
Q4 2012
-2.5
5.5
9.9
• FY revenues down 11% due to
divestments, adverse currency
effects & weaker end markets
Δ%
6.3
Operating income
Ratio, %
Return on sales
Return on sales (excluding incidentals
and PIP costs)
• FY volumes down 2%, up 3% in Q4
compared to the previous year with
higher volumes in most businesses
• FY operating income down on last
year, largely due to restructuring
costs & an asset impairment
• Continued focus on cost control and
margin management across all
businesses
Increase
Revenue development Q4 2013 vs. Q4 2012
Decrease
+3%
-2%
-6%
-9%
-4%
Volume
Price/Mix
Acquisitions/
divestments
Exchange rates
Total
Media briefing Full-Year and Q4 Results 2013 11
12. Performance Improvement Program
completed ahead of schedule & above target
Performance Improvement Program
Operational
Excellence
Functional
Excellence
Business Unit
Adaptations
• Performance Improvement Program has been completed one year ahead of the original
schedule and delivered €545 million in total EBITDA savings
• Various actions taken address product complexity reduction, sourcing optimization,
manufacturing and distribution excellence, and margin management across the entire
organization
• We are embedding continuous improvement in our businesses, moving from project
based to continuous improvement at the core of the changes in our organization
Media briefing Full-Year and Q4 Results 2013 12
13. Drive towards continuous improvement
and commercial excellence
•
Restructuring activities to continue into 2014, moving into continuous improvement which
will enable us to achieve the 2015 targets
– 2014 restructuring charges expected to total at least €250 million
– more normalized levels of restructuring costs anticipated thereafter, in line with
historical numbers
•
Ongoing initiatives in 2014:
Decorative Paints
•
•
Implementing central operating model
Further rationalization of manufacturing footprint
Performance Coatings
•
•
•
Reducing external spend by further complexity reduction
Improve operational productivity through footprint optimization
Driving commercial excellence to increase sales effectiveness
•
•
Continued restructuring activities in Functional Chemicals
Drive operational excellence through improved raw material cost position and
footprint optimization
•
Streamlining corporate functions (Finance, HR, IM) by introducing a new
Global Business Services function responsible for introducing and
implementing standardized core functional processes throughout the
organization
Specialty Chemicals
Other (Corporate)
Media briefing Full-Year and Q4 Results 2013 13
14. Continual product innovation
•
•
Wide range of new products & technologies
brought to market
•
End-user segment trends, combined with
sustainability, direct our innovation spend
•
Sikkens Rubbol Express Line
2013: ~€375 million invested in RD&I, ~2.5% of
annual revenues
~60% of innovation spend on sustainable
innovation
Intersleek 1100SR
Dry Flo® TS Starch
Media briefing Full-Year and Q4 Results 2013 14
15. Sustainability is at the heart of our
business, more value from fewer resources
Media briefing Full-Year and Q4 Results 2013 15
17. 2013 financial highlights
•
Adverse currency movements impacted our results, especially during the second half of
the year, but still delivering on mid-year guidance with Operating Income before incidental
items coming in at €897 million
•
Operating working capital reduced to 9.9% at year end
•
Capex was €666 million (4.6% of 2013 revenue) compared to €826 million last year (5.4%
of 2012 revenue) reducing towards 4% of revenues
•
During 2013 we completed the sale of Decorative Paints North America, which resulted in
a cash inflow of €779 million and a net profit of €141 million. In Q4 we completed the sale
of Building Adhesives, resulting in a cash inflow of €247 million and a net profit of €198
million
•
Net debt down from €2,298 million last year to €1,529 million at the end of Q4
•
De-risking of US pension obligations by c. $655 million, requiring a $170 million
contribution
Media briefing Full-Year and Q4 Results 2013 17
18. Summary – FY 2013 results
€ million
FY 2013
FY 2012*
EBITDA
1,513
1,597
Amortization and depreciation
(616)
(625)
61
(64)
958
908
(200)
(205)
(54)
(50)
(111)
(203)
Discontinued operations
131
(64)
Net income attributable to shareholders
724
386
FY 2013
FY 2012
2.62
2.55
Incidentals
Operating income
Net financing expenses
Minorities and associates
Income tax
Ratio
Adjusted earnings per share (in €)
*2012 excluding impairment (€2.1 billion)
Media briefing Full-Year and Q4 Results 2013 18
19. Cash flows FY 2013
€ million
FY 2013
FY 2012*
Profit for the period from continuing operations
661
513
Amortization and depreciation
616
625
Change working capital
(13)
251
• Pension provisions
(417)
• Restructuring
55
• Other provisions
(593)
(33)
9
(119)
Change provisions
(395)
(703)
Other changes
(153)
51
716
737
(666)
(826)
313
122
Changes from borrowings
(253)
570
Dividends
(286)
(256)
37
(65)
Cash flows from discontinued operations
675
(53)
Total cash flows
536
229
Net cash from operating activities
Capital expenditures
Acquisitions and divestments net of cash acquired
Other changes
*2012 excluding impairment (€2.1 billion)
Media briefing Full-Year and Q4 Results 2013 19
20. Net debt down to €1.5 billion
€ million
Q4 2013
Q4 2012
Net debt
1,817
2,597
Net cash from
operating activities
(309)
Debt maturities
billion
(630)
€ bonds
£ bonds
800
Capex
234
825
Acquisitions &
Divestments
(309)
(132)
70
Dividends
750
330
622
67
300
2014* 2015 2016 2017 2018 2019 2020 2021 2022
Other
26
1,529
Net debt at end of
period
66
2,298
Average cost of long term bonds
%
8
Net debt/EBITDA
6
3
2
1.4
1
< 2,0
1.0
4
7,29
6,35
5,62
4,89
2011
2012
2013
2
0
0
2012
2013
2015
* €825 million bond (7.75% coupon) was repaid in full on January 30th 2014
2010
Media briefing Full-Year and Q4 Results 2013 20
21. Pension deficit decreases to €0.6 billion
Key pension metrics
Q4 2013
Q4 2012
Discount rate
4.2%
3.9%
Inflation assumptions
3.2%
2.4%
Pension deficit development during 2013
€ million
Decrease
Increase
(638)
640
(1,086)
127
(660)
(25)
(128)
183
311
Deficit end
Q4 2012
Top-ups
(regular)
Top-ups (US Decreased
de-risking) plan assets
Discount
rates
Inflation
IAS19
change
Other
Deficit end
Q4 2013
Media briefing Full-Year and Q4 Results 2013 21
23. Conclusion
• Early signs of stabilization in the second half of 2013, economic
environment remains fragile and foreign currencies volatile
• Performance Improvement Program successfully completed, moving
towards continuous improvement
• We will continue to significantly restructure our businesses in 2014,
reducing costs and driving organic growth
• We remain on track to deliver our 2015 targets
Media briefing Full-Year and Q4 Results 2013 23
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.
Media briefing Full-Year and Q4 Results 2013 25
27. Decorative Paints
Selected highlights
•
•
Iconic Rijksmuseum in Amsterdam reopened after 10-year renovation project,
Sikkens chosen to provide paints and
expertise to recreate authentic interior
Paint your own home in style: Rijks
colour palette available in stores
October 2013
•
New eco-efficient factory opened in
Gwalior, India, October 2013.
AkzoNobel’s 6th factory in India has a 55
million liter annual capacity
•
Colour Futures 2014: this year’s colour
is teal
Media briefing Full-Year and Q4 Results 2013 27
28. Selected Q4 innovations
Decorative Paints – Coral Coralit Zero
Key Features
Customer Benefits
•
Premium waterborne with excellent finish
• Odorless, quick drying and non-yellowing
•
Very fast drying – 2 hours between coats
•
High blocking resistance “same day” concept
• Improved open time – better spreading and
levelling
•
Low VOC emission - >60% less than
previous formulation
• Easier cleaning of application tools (brush, roller &
spray-gun)
• An affordable enamel – great value for money
Growth potential
• Launched in Brazil and extended into Argentine
market – reduced marketing complexity in LATAM
• Scope for introducing quality improvements and
cost savings into the European and Asian markets
• Potential to deliver sustainability targets of VOC
emissions and eco–premium sales
New waterborne enamel with superior performance for the LATAM decorative market
Media briefing Full-Year and Q4 Results 2013 28
29. Performance Coatings
Selected highlights
•
•
•
•
AkzoNobel chosen to coat and
protect Shell’s Prelude FLNG
facility, largest floating offshore
facility in the world
Built – and coated - to last; due to
stay in place for 20 – 25 years 475
km off W. Australian coast
AkzoNobel wins contract to repaint
entire American Airlines fleet in
major branding exercise
More than beauty, performance
counts; innovative super-thin,
super-smooth, one-application
coating specially developed
Media briefing Full-Year and Q4 Results 2013 29
30. Selected Q4 innovations
Wood Finishes – Duritan® fire retarding, high-gloss system
Key Features
Customer Benefits
• High-gloss wood coating for luxury interiors based • Market-leading finish setting the industry
on proprietary technology (joint Lufthansa Technik/
benchmark
AkzoNobel patent)
• Exclusivity to Lufthansa Technik for use in the VIP
• Unsurpassed aesthetics originating from smooth,
jet market
high-clarity, high-gloss finish
• Easy and secure application
• Compliant with fire retardancy requirements for
aircraft and the International Maritime
Organization
• Reduced refit time for VIP jets
Growth Potential
• Exclusive to Lufthansa Technik for the VIP jet
market
• Significant growth opportunities identified for the
luxury yacht market (launch in 2014)
A fire retarding, high-gloss coating system for wooden interiors of luxury jets and yachts
Media briefing Full-Year and Q4 Results 2013 30
31. Specialty Chemicals
Selected highlights
•
•
•
•
•
•
Jupia Chemical island opened in Brazil in
March
Supplying chemicals on-site to Eldorado
pulp mill, major facility capable of producing
1.5 million tons of cellulose pulp per year
September: new Bermocoll facility opened
on AkzoNobel’s Ningbo multi-site
Producing cellulose derivatives for use in
paint and building additives
Sustainable innovation, based on natural
polymer
More than €400 million invested in Ningbo
multi-site since 2010
Media briefing Full-Year and Q4 Results 2013 31
32. Selected Q4 innovations
Industrial Chemicals – Ecosel® AsphaltProtection
Key Features
Customer Benefits
• Additive to de-icing brine in small amounts
• Up to 50% less winter damage to road
surface
• Prevents formation of hard ice inside asphalt
pores
• Reduces frost damage to roads substantially
• Substantial savings on road
maintenance and repair
• Harmless to people and nature
• Asphalt lifetime extended
• Eco-premium product
• Contribution to traffic safety
Growth Potential
• Product to be launched in Q1 2014
• Global potential: all roads subject to
wintry conditions
Reducing frost damage to roads
Media briefing Full-Year and Q4 Results 2013 32