AkzoNobel held an investor update to review their Q4 and full year 2009 results. The presentation covered AkzoNobel's strategic ambitions which include outgrowing markets, achieving an EBITDA margin above 14% by end of 2011, and leading in sustainability. It also reviewed 2009 highlights such as revenue of €13.9 billion, EBITDA of €1.8 billion, and net income of €285 million. Additionally, it provided an outlook on AkzoNobel's medium-term targets including increasing their eco-premium product sales and reducing their carbon footprint and injury rate.
AkzoNobel provides a quarterly investor update covering Q1 2010 results. Key highlights include 6% revenue growth and 38% EBITDA growth. By business area, Decorative Paints saw 7% revenue growth and 71% EBITDA growth. Performance Coatings revenue was stable with improved margins. Specialty Chemicals revenue grew 2% with margin expansion. AkzoNobel remains cautiously optimistic for continued recovery in 2010.
This document summarizes a review of the Mekong Basin Futures Project. It outlines key issues facing the Mekong region including increasing population, economic development, climate change, fisheries and irrigation challenges, and upstream dam development. It cautions that while some changes can be influenced, historical forces and natural population growth will also drive significant change in the region. Humility and realism are important in assessing what the project and partners can impact.
What do Technology Users think about JDF? (2005)VIGCbe
This document summarizes the results of an online survey conducted by the Flemish Innovation Center for Graphic Communication (VIGC) in March/April 2004 on technology users' knowledge and perceptions of JDF.
The survey received 142 responses, mainly from printers and prepress companies. It found that while the JDF "brand" was widely recognized, in-depth knowledge of JDF specifications and products was limited. Respondents saw benefits to JDF for data exchange but had doubts about its complexity and benefits for smaller companies. Future importance of JDF was seen as higher over longer timeframes of 3-10 years. The survey concluded that while awareness of JDF was growing, implementation will be a long
Oplev fordelene ved power-servere (IBM Systems and Technology Group)IBM Danmark
IBM Power Systems = performance og besparelser
IBM Power Systems er seneste generation af kraftfulde, intelligente serversystemer, som både er kompakte og lette at administrere. Du får:
• bedre ydeevne til en lavere pris og større fleksibilitet
• højere tilgængelighed og flere virtualiseringsmuligheder med de samme eller færre vedligeholdelsesomkostninger.
• IBM POWER6-processor teknologi i alle de nye systemer
• Nye JS-bladeservere gør det muligt for i-programmer at køre på IBM BladeCenter
• IBM BladeCenter- og System x-platformene fører System i's driftssikkerhed, ydeevne og nemme administration over på Intel-området
Med udgangspunkt i konkrete kundecases gennemgås forretningsfordelene med en IBM Power-platform, herunder færre omkostninger og lavere Total Cost of Ownership (TCO), forbedret Service Level Agreement (SLA) og øget sikkerhed.
Læs mere her: bit.ly/softwaredaghw1
AREVA, Business & Strategy overview june 2009AREVA
The document provides an overview of AREVA, a global nuclear energy company, including its business segments and market positions. AREVA has two main divisions: Nuclear, where it is the largest player globally with 25-30% market share and €8.1 billion in annual sales; and Transmission & Distribution, where it is the third largest player globally and its market share has increased 50% since 2004. Within Nuclear, AREVA has fully integrated operations along the fuel cycle from mining and front end operations like conversion and enrichment, to building nuclear reactors, fuel production, and back end operations like used fuel recycling.
Digital technologies are impacting all forms of communication. New technologies like broadband, wireless networks, and devices allow information to be consumed in many ways - on TV, computers, or mobile devices. This is leading to a more customized media experience where people can choose what, when, and how they access content. Content is increasingly being generated by users through blogs, social media, and user-uploaded videos/photos. This shifts control from traditional media companies to consumers.
Building Successful Free-to-Play Apps on AndroidTapjoy
The document discusses building successful free-to-play apps on Android. It covers acquisition through channels like video ads and cross promotion. Retention strategies discussed include social sharing, daily rewards, and challenges/quests. Monetization techniques include direct in-app purchases, offerwalls displaying ads in exchange for virtual currency, and featuring limited-time special item deals. The key is iterating quickly based on metric analysis.
Agile is an IT talent and consulting firm in the Southeast that provides technology leaders with flexible staffing options to access top talent and technology solutions quickly and cost-effectively. Their approach, called The Agile Advantage, offers clients services across five core areas to design, develop, and deliver enterprise applications and solutions. This results in innovative and speedy solutions, increased productivity, and measurable business value for clients.
AkzoNobel provides a quarterly investor update covering Q1 2010 results. Key highlights include 6% revenue growth and 38% EBITDA growth. By business area, Decorative Paints saw 7% revenue growth and 71% EBITDA growth. Performance Coatings revenue was stable with improved margins. Specialty Chemicals revenue grew 2% with margin expansion. AkzoNobel remains cautiously optimistic for continued recovery in 2010.
This document summarizes a review of the Mekong Basin Futures Project. It outlines key issues facing the Mekong region including increasing population, economic development, climate change, fisheries and irrigation challenges, and upstream dam development. It cautions that while some changes can be influenced, historical forces and natural population growth will also drive significant change in the region. Humility and realism are important in assessing what the project and partners can impact.
What do Technology Users think about JDF? (2005)VIGCbe
This document summarizes the results of an online survey conducted by the Flemish Innovation Center for Graphic Communication (VIGC) in March/April 2004 on technology users' knowledge and perceptions of JDF.
The survey received 142 responses, mainly from printers and prepress companies. It found that while the JDF "brand" was widely recognized, in-depth knowledge of JDF specifications and products was limited. Respondents saw benefits to JDF for data exchange but had doubts about its complexity and benefits for smaller companies. Future importance of JDF was seen as higher over longer timeframes of 3-10 years. The survey concluded that while awareness of JDF was growing, implementation will be a long
Oplev fordelene ved power-servere (IBM Systems and Technology Group)IBM Danmark
IBM Power Systems = performance og besparelser
IBM Power Systems er seneste generation af kraftfulde, intelligente serversystemer, som både er kompakte og lette at administrere. Du får:
• bedre ydeevne til en lavere pris og større fleksibilitet
• højere tilgængelighed og flere virtualiseringsmuligheder med de samme eller færre vedligeholdelsesomkostninger.
• IBM POWER6-processor teknologi i alle de nye systemer
• Nye JS-bladeservere gør det muligt for i-programmer at køre på IBM BladeCenter
• IBM BladeCenter- og System x-platformene fører System i's driftssikkerhed, ydeevne og nemme administration over på Intel-området
Med udgangspunkt i konkrete kundecases gennemgås forretningsfordelene med en IBM Power-platform, herunder færre omkostninger og lavere Total Cost of Ownership (TCO), forbedret Service Level Agreement (SLA) og øget sikkerhed.
Læs mere her: bit.ly/softwaredaghw1
AREVA, Business & Strategy overview june 2009AREVA
The document provides an overview of AREVA, a global nuclear energy company, including its business segments and market positions. AREVA has two main divisions: Nuclear, where it is the largest player globally with 25-30% market share and €8.1 billion in annual sales; and Transmission & Distribution, where it is the third largest player globally and its market share has increased 50% since 2004. Within Nuclear, AREVA has fully integrated operations along the fuel cycle from mining and front end operations like conversion and enrichment, to building nuclear reactors, fuel production, and back end operations like used fuel recycling.
Digital technologies are impacting all forms of communication. New technologies like broadband, wireless networks, and devices allow information to be consumed in many ways - on TV, computers, or mobile devices. This is leading to a more customized media experience where people can choose what, when, and how they access content. Content is increasingly being generated by users through blogs, social media, and user-uploaded videos/photos. This shifts control from traditional media companies to consumers.
Building Successful Free-to-Play Apps on AndroidTapjoy
The document discusses building successful free-to-play apps on Android. It covers acquisition through channels like video ads and cross promotion. Retention strategies discussed include social sharing, daily rewards, and challenges/quests. Monetization techniques include direct in-app purchases, offerwalls displaying ads in exchange for virtual currency, and featuring limited-time special item deals. The key is iterating quickly based on metric analysis.
Agile is an IT talent and consulting firm in the Southeast that provides technology leaders with flexible staffing options to access top talent and technology solutions quickly and cost-effectively. Their approach, called The Agile Advantage, offers clients services across five core areas to design, develop, and deliver enterprise applications and solutions. This results in innovative and speedy solutions, increased productivity, and measurable business value for clients.
3 conferences, 1 shared exhibition
In 2012 we will feature 3 conferences running parallel within the same venue with a shared exhibition, so you can meet delegates from the full value chain from events such as: the EV Battery Forum (2 days), the EV Charging Forum (2 days) and the E-Bikes Forum (1 day – Free Entry).
13 utilities and 13 vehicle companies will be speaking such as, State Grid Corporation of China, Verbund from Austria, Fortum from Sweden, Mitsubishi from Japan, Proton from Malaysia and LG Chem from Korea, BMW, Nissan, Adam Opel, Tata Motors and Peugeot. These and other speakers will bring you a wider perspective on standards, safety, energy density and business models of electric vehicles, so you are better prepared to invest in the most relevant technology. Endorsed by The Barcelona City Council and The Spanish Ministry of Industry, Tourism and Trade, the 3 conferences and the exhibition will bring a wide combination of participants making it a unique buyers and sellers exchange from the Electric Vehicles, Batteries and Utilities value chain.
Choose to attend one conference or all three. Meet and/or listen to over 56 speakers from 23 countries, and enjoy the added networking opportunity. Whatever you choose, each conference ticket includes access to one shared exhibition, so you can meet delegates and speakers from the full value chain from the three conferences.
Debriefing and Access to Finance Plenary - LangSocial Europe
KfW is the promotional bank of Germany, founded in 1948 to support post-war reconstruction. It has a balance sheet of EUR 400 billion and provides financing through other banks. KfW supports SMEs, entrepreneurs, environmental projects, housing, education and infrastructure. It works both domestically in Germany and internationally in developing countries. KfW relies on other banks to process loan applications and disburse funds, while KfW provides refinancing at favorable rates. It has also established a network of financial institutions across Europe to improve SME access to finance.
The document compares using LMO (E. coli bacteria) and LMO (Pichia pastoris yeast) to produce insulin and TMOFTM. E. coli is used to produce insulin by transforming it with genes for insulin subunits A and B, while Pichia pastoris is used to express the TMOFTM molecule. Both production methods involve a two-step LMO elimination process using heat and drying to kill the LMOs, verified by culture simulations showing no LMO presence.
We're all surfers - The wave of technology adoptionApo J. Bordin
This document uses a metaphor of surfing to illustrate how people adopt new technology. It describes three types of surfers - short boarders who catch waves early, long boarders who enjoy waves longer, and skim boarders who wait for waves to finish. It analogizes these to early adopters, mainstream users, and late adopters of technology. The document also notes how wave conditions like terrain, currents, winds and underwater features affect the surfing experience, similar to how external factors influence technology adoption.
This document provides information for a sales force training on medical imaging systems held in Riga, Latvia in 2010. It includes presentations and materials on Philips' portfolio of diagnostic and interventional x-ray, computed tomography, magnetic resonance, nuclear medicine, and supporting solutions like Ambient Experience, refurbished systems, and healthcare informatics. The training materials are contained on multiple DVDs covering topics like product portfolios, predefined configurations, tender specifications, application tables, competition comparisons, and marketing materials.
The document summarizes the development of a 68-page catalog for Mohawk Hardwood showcasing their product line. Key elements included featuring the products, benefits, and technical specifications. The catalog was intended to be an educational resource for both retailers and consumers. Color photos showed the various hardwood options and installation methods.
The document discusses plans to revitalize the Möllevången district of Malmö, Sweden. It describes Möllevången as a colorful, multicultural area that is densely populated with markets, restaurants, bars and nightclubs. It then outlines a three-phase master plan to improve the district, focusing first on the main street, then improving inner connections, and finally outer connections. The ultimate goal is to make Möllevången a more attractive neighborhood.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
The document provides details about the 3rd Radiodays Europe conference held in Barcelona, Spain in 2012. Some key facts included are that there were 800 participants from 45 countries, with 100 speakers over 50 sessions. The conference was a partnership between radio organizations in 17 European countries. The next Radiodays Europe conference will be held March 17-19, 2013 in Berlin.
Whether you are a designer, a developer, a marketer, a student or anything in between - in today's creative job market every differentiator will count towards getting the job. Gone are the days of being able to talk over your future employer's head, just showing the latest deliverable you are working on, even worse showing nothing at all. Welcome instead to a world where your work is being measured not by what you say it was, but by what it really was.
This workshop was developed for General Assembly in NYC. It is meant to be run in 90 minutes.
Discounts Hiding in Plain Sight (Natural Gas) Peters & Company, one of Canada’s most experienced oil & gas investment banks, recently published an excellent report on the rate of return on North American oil &
gas plays ranging from “Barnett Shale” to “Mississippi light oil horizontal wells”. Lloydminster conventional heavy oil, vertical wells were amongst the best performers in the North American energy sector.
MarketOne Europe is a global leader in outsourced demand generation that provides integrated marketing services including teleservices, digital, and technology services. It has a history of growth and innovation through geographic expansion and opening new offices around the world since 1998. Some of MarketOne's strengths are its ability to innovate, speed to market, quality control, agility, and accountability.
This was one of the sessions on Feb 12th 2011 at the ProductCamp Vancouver. These slides where prepared to moderate a discussion on open innovation concepts and challenges
This document summarizes a presentation about AkzoNobel's approach to social responsibility. It discusses how AkzoNobel identifies specific points of intervention by applying its expertise in paint and coatings to meet societal needs related to issues like climate change, resource scarcity, and quality of life improvements. The presentation also describes how AkzoNobel's social responsibility efforts can benefit sales and marketing through increased employee engagement, stronger brand building, community renewal projects, and cause marketing partnerships. It provides an example of AkzoNobel's partnership with UNICEF to support children's health.
AREVA, business & strategy overview - April 2009AREVA
This document provides an overview of AREVA, a leading company in nuclear energy and electricity transmission. It discusses AREVA's business segments, integrated nuclear fuel cycle operations, strategy to capitalize on nuclear energy revival and growth in transmission & distribution. The summary highlights AREVA's financial performance in 2008 with increased backlog and revenue but lower net income, and outlines plans to maintain growth while ensuring financial soundness during the economic crisis.
- MeadWestvaco reported earnings results for the first quarter of 2009, with lower operating results reflecting weaker demand due to the challenging global economic environment.
- The company is executing strategies to significantly improve its business model and expects to achieve $125 million in savings for 2009 through actions like job cuts and manufacturing closures.
- Actions are helping maximize performance and maintain financial strength during this difficult period, as evidenced by a doubling of cash from operations to $90 million in Q1 2009.
The document discusses building successful free-to-play apps on Android. It covers acquisition through channels like video ads and cross promotion. Retention strategies discussed include social sharing, daily rewards, and challenges/quests. Monetization techniques include direct in-app purchases, offerwalls displaying ads in exchange for virtual currency, and featuring limited-time special item deals. The key is iterating quickly based on metric analysis.
The document discusses building successful free-to-play apps on Android. It covers acquisition through channels like rewarded installs and video ads. Retention is key, using techniques like daily rewards, challenges, and social features. Monetization happens through direct in-app purchases and alternate models like offerwalls and display ads. Iterative testing and metrics allow developers to optimize the user experience over time.
Presentation from SIEPON Seminar on 20 April in Czech Republic, sponsored by IEEE-SA & CAG. Opinions presented by the speakers in this presentation are their own, and not necessarily those of their employers or of IEEE.
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 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.
3 conferences, 1 shared exhibition
In 2012 we will feature 3 conferences running parallel within the same venue with a shared exhibition, so you can meet delegates from the full value chain from events such as: the EV Battery Forum (2 days), the EV Charging Forum (2 days) and the E-Bikes Forum (1 day – Free Entry).
13 utilities and 13 vehicle companies will be speaking such as, State Grid Corporation of China, Verbund from Austria, Fortum from Sweden, Mitsubishi from Japan, Proton from Malaysia and LG Chem from Korea, BMW, Nissan, Adam Opel, Tata Motors and Peugeot. These and other speakers will bring you a wider perspective on standards, safety, energy density and business models of electric vehicles, so you are better prepared to invest in the most relevant technology. Endorsed by The Barcelona City Council and The Spanish Ministry of Industry, Tourism and Trade, the 3 conferences and the exhibition will bring a wide combination of participants making it a unique buyers and sellers exchange from the Electric Vehicles, Batteries and Utilities value chain.
Choose to attend one conference or all three. Meet and/or listen to over 56 speakers from 23 countries, and enjoy the added networking opportunity. Whatever you choose, each conference ticket includes access to one shared exhibition, so you can meet delegates and speakers from the full value chain from the three conferences.
Debriefing and Access to Finance Plenary - LangSocial Europe
KfW is the promotional bank of Germany, founded in 1948 to support post-war reconstruction. It has a balance sheet of EUR 400 billion and provides financing through other banks. KfW supports SMEs, entrepreneurs, environmental projects, housing, education and infrastructure. It works both domestically in Germany and internationally in developing countries. KfW relies on other banks to process loan applications and disburse funds, while KfW provides refinancing at favorable rates. It has also established a network of financial institutions across Europe to improve SME access to finance.
The document compares using LMO (E. coli bacteria) and LMO (Pichia pastoris yeast) to produce insulin and TMOFTM. E. coli is used to produce insulin by transforming it with genes for insulin subunits A and B, while Pichia pastoris is used to express the TMOFTM molecule. Both production methods involve a two-step LMO elimination process using heat and drying to kill the LMOs, verified by culture simulations showing no LMO presence.
We're all surfers - The wave of technology adoptionApo J. Bordin
This document uses a metaphor of surfing to illustrate how people adopt new technology. It describes three types of surfers - short boarders who catch waves early, long boarders who enjoy waves longer, and skim boarders who wait for waves to finish. It analogizes these to early adopters, mainstream users, and late adopters of technology. The document also notes how wave conditions like terrain, currents, winds and underwater features affect the surfing experience, similar to how external factors influence technology adoption.
This document provides information for a sales force training on medical imaging systems held in Riga, Latvia in 2010. It includes presentations and materials on Philips' portfolio of diagnostic and interventional x-ray, computed tomography, magnetic resonance, nuclear medicine, and supporting solutions like Ambient Experience, refurbished systems, and healthcare informatics. The training materials are contained on multiple DVDs covering topics like product portfolios, predefined configurations, tender specifications, application tables, competition comparisons, and marketing materials.
The document summarizes the development of a 68-page catalog for Mohawk Hardwood showcasing their product line. Key elements included featuring the products, benefits, and technical specifications. The catalog was intended to be an educational resource for both retailers and consumers. Color photos showed the various hardwood options and installation methods.
The document discusses plans to revitalize the Möllevången district of Malmö, Sweden. It describes Möllevången as a colorful, multicultural area that is densely populated with markets, restaurants, bars and nightclubs. It then outlines a three-phase master plan to improve the district, focusing first on the main street, then improving inner connections, and finally outer connections. The ultimate goal is to make Möllevången a more attractive neighborhood.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like depression and anxiety.
The document provides details about the 3rd Radiodays Europe conference held in Barcelona, Spain in 2012. Some key facts included are that there were 800 participants from 45 countries, with 100 speakers over 50 sessions. The conference was a partnership between radio organizations in 17 European countries. The next Radiodays Europe conference will be held March 17-19, 2013 in Berlin.
Whether you are a designer, a developer, a marketer, a student or anything in between - in today's creative job market every differentiator will count towards getting the job. Gone are the days of being able to talk over your future employer's head, just showing the latest deliverable you are working on, even worse showing nothing at all. Welcome instead to a world where your work is being measured not by what you say it was, but by what it really was.
This workshop was developed for General Assembly in NYC. It is meant to be run in 90 minutes.
Discounts Hiding in Plain Sight (Natural Gas) Peters & Company, one of Canada’s most experienced oil & gas investment banks, recently published an excellent report on the rate of return on North American oil &
gas plays ranging from “Barnett Shale” to “Mississippi light oil horizontal wells”. Lloydminster conventional heavy oil, vertical wells were amongst the best performers in the North American energy sector.
MarketOne Europe is a global leader in outsourced demand generation that provides integrated marketing services including teleservices, digital, and technology services. It has a history of growth and innovation through geographic expansion and opening new offices around the world since 1998. Some of MarketOne's strengths are its ability to innovate, speed to market, quality control, agility, and accountability.
This was one of the sessions on Feb 12th 2011 at the ProductCamp Vancouver. These slides where prepared to moderate a discussion on open innovation concepts and challenges
This document summarizes a presentation about AkzoNobel's approach to social responsibility. It discusses how AkzoNobel identifies specific points of intervention by applying its expertise in paint and coatings to meet societal needs related to issues like climate change, resource scarcity, and quality of life improvements. The presentation also describes how AkzoNobel's social responsibility efforts can benefit sales and marketing through increased employee engagement, stronger brand building, community renewal projects, and cause marketing partnerships. It provides an example of AkzoNobel's partnership with UNICEF to support children's health.
AREVA, business & strategy overview - April 2009AREVA
This document provides an overview of AREVA, a leading company in nuclear energy and electricity transmission. It discusses AREVA's business segments, integrated nuclear fuel cycle operations, strategy to capitalize on nuclear energy revival and growth in transmission & distribution. The summary highlights AREVA's financial performance in 2008 with increased backlog and revenue but lower net income, and outlines plans to maintain growth while ensuring financial soundness during the economic crisis.
- MeadWestvaco reported earnings results for the first quarter of 2009, with lower operating results reflecting weaker demand due to the challenging global economic environment.
- The company is executing strategies to significantly improve its business model and expects to achieve $125 million in savings for 2009 through actions like job cuts and manufacturing closures.
- Actions are helping maximize performance and maintain financial strength during this difficult period, as evidenced by a doubling of cash from operations to $90 million in Q1 2009.
The document discusses building successful free-to-play apps on Android. It covers acquisition through channels like video ads and cross promotion. Retention strategies discussed include social sharing, daily rewards, and challenges/quests. Monetization techniques include direct in-app purchases, offerwalls displaying ads in exchange for virtual currency, and featuring limited-time special item deals. The key is iterating quickly based on metric analysis.
The document discusses building successful free-to-play apps on Android. It covers acquisition through channels like rewarded installs and video ads. Retention is key, using techniques like daily rewards, challenges, and social features. Monetization happens through direct in-app purchases and alternate models like offerwalls and display ads. Iterative testing and metrics allow developers to optimize the user experience over time.
Presentation from SIEPON Seminar on 20 April in Czech Republic, sponsored by IEEE-SA & CAG. Opinions presented by the speakers in this presentation are their own, and not necessarily those of their employers or of IEEE.
Similar to AkzoNobel Investor update Q4 and FY 2009 results (6)
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 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. 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 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 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 its Q3 2014 results. Operating income increased 11% to €335 million due to improvement actions and lower restructuring charges. Revenue declined 2% due to currency effects and divestments offsetting 1% volume growth. Return on sales improved to 9.1% from 8% in Q3 2013. All business areas saw continued impact from fragile economic conditions with Decorative Paints revenue down 8% and Performance Coatings flat. Specialty Chemicals operating income rose 46% due to cost control despite 1% lower revenue. AkzoNobel is on track to meet its 2015 targets despite economic challenges.
- AkzoNobel reported financial results for Q3 2014, with revenues down 2% due to currency effects and divestments offsetting 1% volume growth. Operating income was €335 million, up 11% year-over-year.
- All business areas saw continued fragile economic conditions impacting volumes. Decorative Paints revenues fell 8% due to divestments despite flat volumes. Performance Coatings revenues were flat as positive volumes offset negative price/mix and currencies. Specialty Chemicals revenues fell 1% on currency effects despite flat volumes.
- AkzoNobel remains on track to meet its 2015 targets despite the challenging economic environment and continues implementing improvement programs across all business areas.
The document summarizes AkzoNobel's Q2 2014 results. It discusses positive volume growth across all three business areas but an overall 4% revenue decline mainly due to adverse currency effects. Operating income was up 10% and return on sales improved from 8.3% to 9.5%. The company is on track to meet its 2015 targets despite currency challenges and fragile economic conditions.
The document provides an investor update on AkzoNobel's Q2 2014 results. Key highlights include positive volume growth across all three business areas, though revenue declined 4% mainly due to adverse currency effects. Operating income increased 10% to €353 million and return on sales improved to 9.5% from 8.3% in Q2 2013. AkzoNobel is on track to deliver its 2015 targets despite currency and economic challenges. The update reviews financial and operational performance across AkzoNobel's business areas and concludes the company is making progress on its financial targets.
The document summarizes AkzoNobel's Q1 2014 results. Volumes increased in all three business areas but revenues were down 2% due to a 5% adverse impact from currency effects. Operating income was flat at €216 million despite higher restructuring costs and currencies. Net income increased to €129 million. The company is on track to meet its 2015 targets despite expected continued economic weakness and currency volatility in 2014.
- Volumes and price/mix were up in all three business areas, but revenues were down 2% due to a 5% negative impact from adverse currency effects.
- Operating income was flat at €216 million as higher restructuring costs and currencies offset gains from cost control and efficiencies.
- Net income increased to €129 million mainly from lower financing expenses.
AkzoNobel Q4 and FY 2013 Results Press briefingAkzoNobel
The document provides an overview of AkzoNobel's 2013 full-year results and Q4 performance. Key points include:
- Revenues declined 5% in 2013 due to currency headwinds, divestments, and weaker end markets.
- Operating income increased 6% to €958 million despite revenue decline, helped by cost savings.
- All business areas saw volume growth in Q4 2013, though revenue declined due to currencies.
- The performance improvement program delivered over €500 million in savings, ahead of schedule.
- Net debt was reduced significantly through divestments, cash flow, and pension de-risking actions.
AkzoNobel Q4 and Full Year 2013 Results Investor Update PresentationAkzoNobel
The document provides an investor update on AkzoNobel's full-year 2013 and Q4 results. Some key points:
- Revenue for 2013 was down 5% due to adverse currency effects and divestments, but operating income increased 6% to €958 million.
- Net debt was reduced significantly from €2.3 billion in 2012 to €1.5 billion in 2013.
- The performance improvement program delivered over €500 million in savings, exceeding its target one year ahead of schedule.
- Volumes improved in all business areas in Q4 2013 compared to a year ago, though revenues were down due to currency impacts.
- The company remains on track to deliver its 2015 targets despite challenging market
AkzoNobel's Q3 2013 revenue was down 5% due to adverse currency effects and divestments. Operating income increased due to lower restructuring costs and higher volumes. Net income attributable to shareholders was €155 million. The performance improvement program is on track to deliver €500 million in EBITDA benefits by the end of 2013. However, continued weak markets and higher restructuring charges mean full-year operating income is unlikely to exceed €908 million.
- Revenue for Q3 2013 was down 5% to €3.78 billion due to adverse currency effects and divestments. Operating income was €303 million, up 22% from 2012 excluding impairment, driven by lower restructuring costs and higher volumes.
- Decorative Paints revenue was stable with higher volumes offsetting currency effects. Operating income more than doubled due to lower costs. Performance Coatings revenue declined 4% on currency impacts, while operating income rose 23% on lower restructuring costs. Specialty Chemicals revenue fell 10% on divestment and currency impacts, with operating income down 20% mainly due to restructuring costs.
- Full year 2013 operating income is unlikely to exceed €908
The document provides an investor update on AkzoNobel's Q2 2013 results. Key highlights include revenue declining 4% due to divestments, operating income of €322 million, and net income attributable to shareholders of €429 million. Challenging market conditions impacted Decorative Paints and Specialty Chemicals in particular. The Performance Improvement Program delivered €131 million in benefits in 1H2013 and is on track to achieve its €500 million target by year-end. Restructuring costs are expected to be €325 million for the full year.
The document provides an investor update on Q1 2013 results for AkzoNobel. It can be summarized as follows:
- Revenue was down 7% due to weak demand in Europe and divestments. Operating income was also down but cash from operating activities improved.
- All business areas saw weaker demand in Europe with Decorative Paints, Performance Coatings, and Specialty Chemicals volumes down 1-4% year-over-year.
- Challenging market conditions in Europe negatively impacted price/mix and volumes across the business areas. The pension deficit was reduced and net income attributable to shareholders increased slightly.
AkzoNobel Q4 2012 and Full Year 2012 Results Investor Update PresentationAkzoNobel
- In Q4 2012, AkzoNobel's revenue increased 3% to €3.673 billion driven by favorable currencies and pricing offsetting lower volumes, while EBITDA increased 3% to €363 million.
- For full-year 2012, revenue increased 5% to €15.39 billion due to currencies and pricing despite lower volumes, while EBITDA grew 4% to €1.901 billion.
- The performance improvement program exceeded its 2012 target, contributing €238 million in savings, and significant FTE reductions were achieved through restructuring.
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2. Agenda
• AkzoNobel at a glance
• Strategic ambitions and action plans
• 2009 highlights and operational review
• Financial review
• Sustainability review
• Outlook and medium-term targets
3. AkzoNobel key facts
2009
• Revenue €13.9 billion
• 57,060 employees
• EBITDA: €1.8 billion*
• EBIT: €1.2 billion*
• Net income: €285 million
• Credit ratings: BBB+ (S&P) and Baa1 (Moody’s)
Revenue by business area EBITDA* by business area
29%
29% 31%
37%
37%
43%
Performance Coatings
34% 26% Decorative Paints
34%
Specialty Chemicals
* Before incidentals
Full year 2009 and Q4 results 3
4. AkzoNobel is the world’s largest
Coatings supplier
2008 revenue in € billion
10
8
6
4
2
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Full year 2009 and Q4 results 4
5. Excellent geographic spread of
both revenue and profits
High-growth markets are important (37% of revenue)
% of 2009 revenue
39%
21%
7%
‘Mature’ Europe
20%
North America ‘Emerging’ Europe
Asia Pacific
9%
Latin America
4%
Rest-of-world
High-growth markets profitability is above average
Full year 2009 and Q4 results 5
6. Strong emerging markets growth potential
Mature Emerging
Per Capita Per Capita
Architectural
8 liters < 2 liters
Paint
Industrial and
Special Purpose 13 liters < 6 liters
Coatings
Plastics ~100 kg ~20 kg
~170 kg
~170 kg ~25 kg
~25 kg
Paper
Source: Food & Agriculture Organization of the UN, 2005 data for paper and paperboard; Plastic Europe Market
Research Group (PEMRG) 2005 plastics data; Euromonitor 2007 coatings data; WorldBank population data
Full year 2009 and Q4 results 6
7. We have strong brands across the full
spectrum of our business
Biggest brands, per business area
% of 2009 revenue
25% of Decorative Paints
23% of Performance Coatings
18% of Specialty Chemicals
Full year 2009 and Q4 results 7
8. Successful customer focus
Sikkens Autoclear® LV Exclusive – Self-healing clearcoat
A high gloss clearcoat that is not only highly resistant to scratches and
easy to apply, but also features self-healing properties when exposed to
heat.
Ecosense – better for your world and the world
To be launched in March, the Ecosense paint line offers no added
solvents making it virtually odor free. It also has an improved ecological
footprint reducing waste, water and CO2 with up to 50%.
Compozil® Fx – Better performance. Exceptional results
A wet end management system for the largest and fastest paper
machines helping to deliver top quality paper faster with higher
productivity, better economy and reduced environmental impact.
Stickerfix™ Easier than easy!
You can repair and protect your car using a unique easy to apply and
remove vinyl technology. It’s coated with professional car maker
approved repair systems of Sikkens, Lesonal and Dynacoat.
Dulux® Ecosure™ Matt Light & Space™
Uses revolutionary LumiTec technology to reflect up to twice as much
light around the room making even the smallest of rooms look and feel
more spacious compared to our conventional emulsion paints.
Full year 2009 and Q4 results 8
9. Low fixed costs as a percentage of
revenue
% of 2009 annual revenue*
100%
Raw materials,
energy, and
other variable
production costs
Fixed production
costs
Selling, advertising,
administration, R&D
costs
EBIT margin
0%
Decorative Performance Specialty AkzoNobel
Paints Coatings Chemicals
* Rounded percentages, all data excluding incidentals
Full year 2009 and Q4 results 9
10. Sustainability is integrated in everything
we do
We have set ambitious sustainability targets:
• Remain in the top three in the Dow Jones Sustainability Indexes
• Reduce our total recordable injury rate
• Deliver a step change in people development
We focus on long-term performance. By 2015 our ambition is:
• That Eco-premium* products will make up 30 percent of sales
• To reduce our cradle-to-gate carbon footprint with 10 percent
• To achieve sustainable fresh water use on all our sites
We have linked remuneration to these targets and ambitions:
• Our executive bonuses are linked to performance in the leading
sustainability index (DJSI)
* Higher eco-efficiency than main competitive product
Full year 2009 and Q4 results 10
12. AkzoNobel strategic ambitions
Leading in value creation
• Outgrow our markets
• EBITDA margin > 14 percent by end 2011
• 0.5 percent improvement in operating Tied to incentives,
working capital (OWC) level, p.a. both for value
creation and
Leading in sustainability sustainability
• Top 3 Dow Jones Sustainability index
• Reduction in total recordable injury rate* to 2
• Step change in people development
* Total recordable injury rate refers to amount of incidents per million hours worked
Full year 2009 and Q4 results 12
13. Delivering the EBITDA margin ambition
EBITDA* margin, indicative
18
14%
12.7%
12
6
0
2009 ICI Organic Margin Operational End
performance synergies growth management effectiveness 2011
* Before incidentals
Full year 2009 and Q4 results 13
14. Key components of the strategic
action plan
ICI synergies
• €340 million structural cost savings
• Delivered more rapidly than originally planned
Organic growth
• Leveraging our strong emerging markets positions for growth
• Emphasis on focused, bigger, bolder innovation
Margin management
• Centralized procurement
• Systematic approach to managing the value chain
Operational effectiveness
• Additional restructuring beyond the ICI synergies
• Leaner, more efficient organisation at all levels
Full year 2009 and Q4 results 14
16. 2009 achievements
Continued company-wide focus on customers, costs and cash
Restructuring and synergies ahead of schedule
Operating working capital reduced
Debt maturities lengthened
Investments in strategic growth opportunities
On-track to achieve 2011 EBITDA margin target
Full year 2009 and Q4 results 16
17. Financial overview full year and Q4 2009
• Revenue in 2009 declined by 10 percent
• 2009 EBITDA* 8 percent lower at €1,768 million, margin at
12.7 percent (2008: 12.5 percent)
• Operating working capital reduction released €533 million cash
(from 16.5 percent of revenue at year-end 2008 to 13.7 percent at
year-end 2009)
• Net cash from operating activities €1,240 million (2008: €91
million)
• Restructuring and synergies: ahead of schedule
• Net income: €285 million
• Weak demand in mature economies; stronger in high-growth
markets
• Investments in strategic growth opportunities
• Total dividend of €1.35 proposed; pay-out ratio for total dividend
for 2009 at 57 percent
* Before incidentals
Full year 2009 and Q4 results 17
18. Full year 2009 revenue and EBITDA
€ million 2009 Δ%
Revenue 13,893 (10)
EBITDA* 1,768 (8)
Ratio, % 2009 2008
EBITDA* margin 12.7 12.5
Revenue development 2009 vs. 2008
0
-2
-4
-10% -10%
-6
-8
+2% -2%
-10
Volume Price Acquisitions/ Exchange Total
divestments rates
* Before incidentals Increase Decrease
Full year 2009 and Q4 results 18
19. Revenue growth and margin development
per quarter to Q4 2009
Reported revenue in % year-on-year
10
5 0 (4)% (8)% (9)% (7)%
0
-5
-10
-15
Decorative Paints Performance Specialty AkzoNobel
Coatings Chemicals
EBITDA margin in %
20 15.3% 17.0%
6.8% 11.9%
15
10
5
0
Decorative Paints Performance Specialty AkzoNobel
Coatings Chemicals
2008 2009
Full year 2009 and Q4 results 19
20. Volume development per quarter
2008 and 2009
Volume development in % year-on-year
10 4%
0% (2)% 1%
5
0
-5
-10
-15
-20
Decorative Paints Performance Specialty AkzoNobel
Coatings Chemicals
2008 2009
Volumes have stabilized during 2009
Full year 2009 and Q4 results 20
21. Full year 2009 results
€ million 2009 2008
EBITDA 1,768 1,927
Amortization and depreciation (617) (612)
Incidentals (281) (1,892)
Financial income & expense (409) (232)
Minorities and associates (55) (40)
Income tax (128) (260)
Discontinued operations 7 23
Net income total operations 285 (1,086)
Net cash from operating activities 1,240 91
Ratio 2009 2008
EBITDA margin (%) 12.7 12.5
Earnings per share (in €) 1.23 (4.38)
Full year 2009 and Q4 results 21
22. 2009 incidentals
€ million 2009 2008
Restructuring costs (353) (275)
Transformation costs (14) (190)
Charges related to major legal, (38) (32)
antitrust & environmental cases
Results on acquisitions & divestments 48 (23)
Impairment of ICI Intangibles - (1,275)
Other incidental results 18 (5)
Cost of pensions and post retirements 58 (38)
Total (281) (1.892)
• Significant amount of restructuring costs
• Transformation costs in relation to ICI integration significantly down
• Divestments: release provisions re previous divestments by ICI and
divestment Pakistan PTA Ltd.
Full year 2009 and Q4 results 22
23. Q4 2009 revenue and EBITDA
€ million Q4 2009 Δ%
Revenue 3,314 (7)
EBITDA* 396 4
Ratio, % Q4 2009 Q4 2008
EBITDA* margin 11.9 10.7
Revenue development Q4 2009 vs. Q4 2008
+1%
0
-2 -5%
-7%
-4
-3%
-6
-8 Volume Price Acquisitions/ Exchange Total
divestments rates
* Before incidentals Increase Decrease
Full year 2009 and Q4 results 23
24. Q4 2009 results
€ million Q4 2009 Q4 2008
EBITDA 396 381
Amortization and depreciation (148) (149)
Incidentals (147) (1,562)
Financial income & expense (119) (97)
Minorities and associates (11) -
Income tax (27) (59)
Discontinued operations (4) (36)
Net income total operations (60) (1,522)
Net cash from operating activities 417 61
Ratio Q4 2009 Q4 2008
EBITDA margin (%) 11.9 10.7
Earnings per share (in €) (0.26) (6.57)
Full year 2009 and Q4 results 24
25. Q4 2009 incidentals
€ million Q4 2009 Q4 2008
Restructuring costs (119) (205)
Transformation costs (1) (25)
Charges related to major legal, (49) (25)
antitrust & environmental cases
Results on acquisitions & divestments 17 (8)
Impairment of ICI Intangibles - (1,275)
Other incidental results 5 (24)
Total (147) (1,562)
• Significant amount of restructuring costs
• Transformation costs in relation to ICI integration significantly down
• Antitrust: mainly Heat Stabilizers case
• Divestments: release provisions re previous divestments by ICI and
divestment Pakistan PTA Ltd.
Full year 2009 and Q4 results 25
26. We are delivering on synergies and
cost reduction
Cumulative annualized savings
€ million
800
642
700
600 530 540
500
370 350 200
400 286
204
300 182
134
200 67 340
244 292
100 37 188
97 137
0
FY 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 FY 2011
target
ICI synergies Additional restructuring
Combined synergy & cost saving target achieved
Full year 2009 and Q4 results 26
27. ICI synergies and additional restructuring
delivered
2008 and 2009 ICI Additional Total
synergies restructuring
Net FTE 2,017 2,625 4,642
reductions*
Cash costs 174 195 369
(€ million)
Annualized savings 292 350 642
(€ million)
Cost reduction continues as day to day business
* The gross number was offset by new hires, acquisitions and seasonal staff
Full year 2009 and Q4 results 27
28. Decorative Paints
Our employees working for our Coral brand in Brazil, volunteered their
time and donated products to help revitalize a neighborhood in
São Paulo. It proved so successful that another three neighborhoods
have also been lined up for a colorful facelift.
Full year 2009 and Q4 results 28
29. Decorative Paints key facts
2009
• Revenue €4.7 billion
• 22,210 employees
• EBITDA: €492 million*
• 36 percent of revenue from high-growth markets
• Largest global supplier of decorative paints
• Many leading positions, strong brands
Some of our strong brands Revenue by geography
4%
10%
Europe
Asia Pacific
21% 50%
North America
Latin America
15%
Other regions
* Before incidentals
Full year 2009 and Q4 results 29
30. Leading Deco positions in all regions
with strong brands
AkzoNobel market positions by value
1 2/3 >3 Export countries
Source: Euromonitor basis; AkzoNobel analysis 2009
Full year 2009 and Q4 results 30
31. Combination of channel and application
mix creates a relatively stable market
% of total Decorative market 2009
Market breakdown Market breakdown
by channel by application
~70%
~50% ~50%
~30%
Retail Trade New build Maintenance
Source: Euromonitor basis; AkzoNobel analysis
Full year 2009 and Q4 results 31
32. Decorative Paints Q4 2009
€ million Q4 2009 Δ%
Revenue 1,043 (4)
EBITDA* 71 (24)
Ratio, % Q4 2009 Q4 2008
EBITDA* margin 6.8 8.5
Revenue development Q4 2009 vs. Q4 2008
-1 -1% +1% -4% -4%
-3
-5
Volume Price Acquisitions/ Exchange Total
divestments rates
* Before incidentals Increase Decrease
Full year 2009 and Q4 results 32
33. Decorative Paints full year 2009
€ million 2009 Δ%
Revenue 4,677 (7)
EBITDA* 492 (18)
Ratio, % 2009 2008
EBITDA* margin 10.5 11.9
Revenue development 2009 vs. 2008
0
-2
-4 -9% -7%
-6 -2%
-8 +3% +1%
-10
Volume Price Acquisitions/ Exchange Total
divestments rates
* Before incidentals Increase Decrease
Full year 2009 and Q4 results 33
34. Multi-year restructuring program on track
Leveraging global scale through increased standardization
Reduced supply chain complexity already resulted in closure of
29 sites (13 in Europe)
Number of US stores reduced by 77
FTE reduction since start integration: 3,405 employees
Number of European packaging types decreased with
30 percent, raw material types with 10 percent
Investing in advertisement and promotion to further strengthen
market positions
Fewer and bigger brands
Full year 2009 and Q4 results 34
35. Performance Coatings
AkzoNobel provided powder coatings for the 1,223-kilometer long
Nord Stream gas pipeline. Due to be operational in 2012, the pipes
have been coated with a Resicoat primer for a three-layer system.
In total, 1,500 tons of coatings were delivered for the project.
Full year 2009 and Q4 results 35
36. Performance Coatings key facts
2009
• Revenue €4.0 billion
• 19,880 employees
• EBITDA: €587 million*
• 45 percent of revenue from high-growth markets
• Leading positions in performance coatings
• Innovative technologies, strong brands
Revenue by business unit Revenue by geography
8% 6%
Industrial Finishes & 8% Europe
Powder Coatings
20%
41% 41% Asia Pacific
Marine and
Protective Coatings 20%
North America
Car Refinishes Latin America
Packaging Coatings 31% 25% Other regions
* Before incidentals
Full year 2009 and Q4 results 36
37. Many market leadership positions
1 Wood
Industrial Coil 2
Adhesives
Finishes Specialty Plastics
1 1
Powder
Coatings Powder
1
Marine and Marine 2
Protective
Protective Yacht Aerospace
Car 3
Refinish Automotive
OEM plastic
Refinishes commercial
5
coatings
1
2
Packaging
Beer & Food cans
Coatings beverage other
Full year 2009 and Q4 results 37
38. Performance Coatings Q4 2009
€ million Q4 2009 Δ%
Revenue 999 (8)
EBITDA* 153 30
Ratio, % Q4 2009 Q4 2008
EBITDA* margin 15.3 10.9
Revenue development Q4 2009 vs. Q4 2008
0
-2 -2%
-4 -3% -8%
-6 -3%
-8
-10
Volume Price Acquisitions/ Exchange Total
divestments rates
* Before incidentals Increase Decrease
Full year 2009 and Q4 results 38
39. Performance Coatings full year 2009
€ million 2009 Δ%
Revenue 4,038 (12)
EBITDA* 587 4
Ratio, % 2009 2008
EBITDA* margin 14.5 12.4
Revenue development 2009 vs. 2008
0
-5 -13% -12%
+2% -1%
-10
-15
Volume Price Acquisitions/ Exchange Total
divestments rates
* Before incidentals Increase Decrease
Full year 2009 and Q4 results 39
40. 2009 operational achievements
Industrial Activities closed six sites
Powder Coatings to acquire The Dow Chemical Company’s
powder coatings operation
Realigned Business Units as of January 1, 2010
New product launches continued
FTE reductions of 1,480 employees
Operating working capital ratio further improved
Full year 2009 and Q4 results 40
41. Specialty Chemicals
Berol ENV226, supplied by our Surface Chemistry business, is our
new generation of readily biodegradable materials used as the key
cleaning component in powerful, water-based degreasers/cleaners,
commonly used in products including vehicle cleaners.
Full year 2009 and Q4 results 41
42. Specialty Chemicals key facts
2009
• Revenue €5.2 billion
• 13,250 employees
• EBITDA: €814 million*
• 32 percent of revenue from high-growth markets
• Major producer of specialty chemicals
• Leadership positions in many markets
Revenue by business unit Revenue by geography
Functional Chemicals 3%
7% 9%
Industrial Chemicals 10% 18%
Europe
Pulp and Paper
Chemicals 44% North America
13% 21%
National Starch 18% Asia Pacific
Surface Chemistry
Latin America
Polymer Chemicals 17%
17% 23% Other regions
Chemicals Pakistan
* Before incidentals
Full year 2009 and Q4 results 42
43. Many market leadership positions
1 Retention
Pulp 2 and sizing
Bleaching chemicals
and Paper chemicals (globally)
1 1 Chlorine
Industrial Monochloro- Merchant 2 Caustic
acetic acid & salt merchant
Chemicals (MCA) (Europe) (Europe)
1 Chelates &
Functional micronutrients, 2
3
Salt
sulfur products Ethylene specialties Cellulosic
Chemicals & polysulfides amines (Europe) specialties
5
1
Surface 3
Household &
Industrial institutional
Chemistry Agricultural cleaning
1 1 X-Linking,
Polymer High Thermosets 2
Polymer and Polymer OrganoMetallic
Chemicals Specialties Additives Specialties
National Starch is global leader in food and holds strong positions in papermaking
Chemicals Pakistan holds strong positions in various markets in Pakistan
Full year 2009 and Q4 results 43
44. Specialty Chemicals Q4 2009
€ million Q4 2009 Δ%
Revenue 1,279 (9)
EBITDA* 217 16
Ratio, % Q4 2009 Q4 2008
EBITDA* margin 17.0 13.4
Revenue development Q4 2009 vs. Q4 2008
5
+4%
0 -9%
-1%
-5 -9%
-3%
-10
Volume Price Acquisitions/ Exchange Total
divestments rates
* Before incidentals Increase Decrease
Full year 2009 and Q4 results 44
45. Specialty Chemicals full year 2009
€ million 2009 Δ%
Revenue 5,209 (8)
EBITDA* 814 (10)
Ratio, % 2009 2008
EBITDA* margin 15.6 16.0
Revenue development 2009 vs. 2008
0
-9% -8%
-5 +2% -1%
-10
Volume Price Acquisitions/ Exchange Total
divestments rates
* Before incidentals Increase Decrease
Full year 2009 and Q4 results 45
46. 2009 operational achievements
Restructuring resulted in closure of 4 factories
Capacity optimization continues
Start of chelates production in Ningbo, China
Sold stake in PTA Pakistan
Acquired LII Europe
Full year 2009 and Q4 results 46
48. Cash management discipline
• OWC reduction
Focus on • Capex prioritization
cash • Bolt-on acquisitions
• Dividend policy unchanged
• OWC reduced to 13.7% of revenue (year-end 2008: 16.5%),
releasing €533 million
• Careful prioritization of Capex
• We continue to look for attractive bolt-on acquisitions
• Dividend policy remains at least 45 percent of net income
before incidentals and fair value adjustments related to the ICI
acquisition
Full year 2009 and Q4 results 48
49. Continued focus on Operating Working
Capital is delivering results
OWC
€ million
3000 19.4% 20%
19%
18%
16.5%
16.3% 17%
2500
16%
14.5% 15%
13.7%
14%
2000
13%
12%
2,359 2,536 2,394 2,114 1,826
11%
1500 10%
4Q08 1Q09 2Q09 3Q09 4Q09
OWC
OWC as % of revenue
Full year 2009 and Q4 results 49
50. Capital expenditures remain disciplined
• Capex 2009 actual spend was €534 million, unchanged from
2008
• 2009 equally split between “growth” and “maintenance” Capex
• Capex 2010 expected to approach €600 million (incl. Ningbo
€100 million)
OWC split at year-end 2009 2009 Capex split
Other
Perf 4%
Deco 12%
30% Spec
Ch 38%
Deco
21% Spec
Ch 63%
Perf
32%
Full year 2009 and Q4 results 50
51. Dividend policy unchanged – €1.05 final
dividend proposed (2008: €1.40)
Dividend policy remains at least 45 percent of net income before
incidentals and fair value adjustments related to the ICI acquisition
€ per share
2 57% 60%
55%
1,8
48% 50%
1,6 45%
40%
1,4
40%
1,2
1 30%
0,8
€1.20 €1.20 €1.80 €1.80 €1.35 20%
0,6
0,4
10%
0,2
0 0%
2005 2006 2007 2008 2009*
Total dividend
* Dividend proposed to shareholders
Pay-out ratio
Full year 2009 and Q4 results 51
52. EBITDA – Cash bridge full year 2009
€ million 2009 2008
EBITDA before incidentals 1,768 1,927
Incidentals (cash) (267) (385)
Change working capital 639 (356)
Change provisions (497) (560)
Interest paid (172) (218)
Income tax paid (231) (317)
Net cash from operating activities 1,240 91
• Working capital improvements underpin operating cash generation
Full year 2009 and Q4 results 52
53. EBITDA – Cash bridge Q4 2009
€ million Q4 2009 Q4 2008
EBITDA before incidentals 396 381
Incidentals (cash) (150) (192)
Change working capital 354 74
Change provisions (100) (11)
Interest paid (34) (76)
Income tax paid (49) (115)
Net cash from operating activities 417 61
• Working capital improvements underpin operating cash generation
Full year 2009 and Q4 results 53
54. Ambition to maintain strong credit rating
unchanged
€ million Dec 31, 2009 Dec 31, 2008
Equity 8,245 7,913
Net debt 1,744 2,084
€ million 2009 2008
Net cash from operating activities 1,240 91
• Equity positively impacted by currency translation and net
profit
• Net debt decreased due to results and operating working
capital management
• Pension deficit estimated at €1.9 billion (year-end 2008:
€1.0 billion; Q3 2009: €1.6 billion)
Full year 2009 and Q4 results 54
55. Pension deficit impacted by unfavourable
discount rate and inflation assumptions
Key pension metrics 2009 2008
Discount rate 5.6% 6.3%
Inflation assumptions 3.2% 2.1%
Pension deficit development during 2009
€ billion
0
-0.5 (988) 614
(952)
240 (1,867)
-1.0
-1.5 (1,079)
-2.0 298
Deficit Top-ups Increased Inflation Discount Other Deficit
end 2008 plan rates end 2009
assets
Decrease Increase
Full year 2009 and Q4 results 55
56. Pro-active pension risk management
• 2004 pro forma (including ICI) pension under funding was
around €4 billion
• Defined Benefits closed to new entrants, major plans closed
in 2001 (ICI) and 2004 (Akzo Nobel)
• Committed to further de-risk over time
• Total defined benefit pension plans cash contribution expected to
reach €490 million in 2010 (2009: €414 million), which includes
an increase of €115 million in additional “top-up” payments (2010
€355 million; 2009 €240 million)
• Non-cash IAS19 financing expenses related to pensions
expected to be €105 million in 2010 (2009: €174 million)
Full year 2009 and Q4 results 56
57. Debt maturities lengthened
No major bonds maturing before 2011
Debt maturity, € million
1,200
800
400
0
2009 2010 2011 2012 2013 2014 2015 2016
€ bonds $ bonds GBP bonds
Significant liquidity headroom
• Undrawn revolving credit facility of €1.5 billion available (2013)*
• €1.5 & $1 billion commercial paper programs undrawn*
• Cash and cash equivalents €2.1 billion*
* At the end of 2009
Full year 2009 and Q4 results 57
58. Credit ratings
AkzoNobel is committed to maintaining a strong investment
grade rating
Standard & Poor’s: BBB+ (negative outlook)
• Rating affirmed on August 25, 2009, unchanged since
February 25, 2009
• AkzoNobel continues to benefit from its business position
Moody’s: Baa1 (negative outlook)
• Rating affirmed on March 16, 2009
• Downgrade reflects changed growth assumptions
• The rating continues to reflect the company's global reach and
leadership positions
Please note that the Fitch rating is unsolicited
Full year 2009 and Q4 results 58
60. Well positioned to meet current challenges
Sound fundamentals
• Strong market positions and brands
• Diverse geographic spread in highly attractive sectors
• Low cyclicality due to resilient portfolio
• Sustainability is integrated in everything we do
Strong track record
• Operational excellence
• Strong operating cash flow
• Strong balance sheet
• Ability to adapt quickly to changing markets
Full year 2009 and Q4 results 60
61. Outlook and medium-term targets
• Economic recovery remains uncertain, particularly in mature
markets
• Investments to capture growth will remain a priority, particularly
in high-growth markets
• Focus on customers, cost reduction and cash generation
continues
• On-track to achieving our strategic ambitions, including an
EBITDA margin of 14 percent by the end of 2011
Full year 2009 and Q4 results 61
62. 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.
Full year 2009 and Q4 results 62