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2015 FULL
YEAR RESULTS
BASEL, 3 FEBRUARY 2016
2015 FULL YEAR RESULTS February 3, 2016
SAFE HARBOR
1
This document contains forward-looking statements, which can be identified by
terminology such as ‘expect’, ‘would’, ‘will’, ‘potential’, ‘plans’, ‘prospects’,
‘estimated’, ‘aiming’, ‘on track’ and similar expressions. Such statements may be
subject to risks and uncertainties that could cause the actual results to differ
materially from these statements. We refer you to Syngenta's publicly available
filings with the U.S. Securities and Exchange Commission for information about
these and other risks and uncertainties. Syngenta assumes no obligation to
update forward-looking statements to reflect actual results, changed assumptions
or other factors. This document does not constitute, or form part of, any offer or
invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe
for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the
basis of, or be relied on in connection with, any contract therefor.
2015 FULL YEAR RESULTS February 3, 2016
2015 HIGHLIGHTS
2
Reported sales
11%
Sales
1% CER
Currency headwinds: US dollar strength
New products success
Improved profitability: 140bps EBITDA margin
improvement to 20.7%
AOL saving target exceeded: $300m
Earnings per share $17.78
Free cash flow $0.8bn
Proposed dividend CHF11.00 per share
EBITDA margin
140bps
2015 FULL YEAR RESULTS February 3, 2016
JON PARR
3
CHIEF OPERATING OFFICER
2015 FULL YEAR RESULTS February 3, 2016
$918m
$3'632m
$1'095m
$4'279m
REGIONAL PERFORMANCE
LATINAMERICA
4
Operating income and margin exclude restructuring and impairment
2015
2014
Operating marginOperating profitSales
25.3%
25.6%
Challenging market conditions,
deterioration in Brazil
Sharp depreciation of the Real
Tight credit conditions
Strong momentum for ELATUS™
$55m licensing income
Operating margin broadly maintained
Integrated sales at CER: -5%
Change in sales terms broadly offset
by glyphosate reduction
Low insect pressure; high insecticide
inventory
Argentina: new government
improving prospects for growers
2015 FULL YEAR RESULTS February 3, 2016
$1'283m
$3'884m
$1'499m
$4'547m
REGIONAL PERFORMANCE
EUROPE,AFRICAAND MIDDLE EAST
5
Operating income and margin exclude restructuring and impairment
2015
2014
Operating marginOperating profitSales
33.1%
33.0%
Solid performance despite economic
situation in the CIS
CIS: currency impact fully offset by
pricing gains
Integrated sales +10%
Strong growth in fungicides
Sales +9% at CER
Seedcare expansion in Cereals
Cereals platform building
strong momentum
Acquisitions fully integrated
Pull through of crop protection sales
2015 FULL YEAR RESULTS February 3, 2016
DAVOR PISK
6
CHIEF OPERATING OFFICER
2015 FULL YEAR RESULTS February 3, 2016
$504m
$1'837m
$564m
$2'033m
REGIONAL PERFORMANCE
ASIAPACIFIC
7
Operating income and margin exclude restructuring and impairment
2015
2014
Operating marginOperating profitSales
27.5%
27.8%
69%
72%
77% 78% 79%
0
500
1000
1500
2000
2500
2011 2012 2013 2014 2015
Emerging Asia Developed Asia EM % of sales
Sales expansion inAsia
Reported sales
in $m
Integrated sales -3%
China: phase-out of paraquat
Extended drought in ASEAN
Thailand: high rice stocks, reduced farm support
New product introductions across territories;
adoption of GM technology
2015 FULL YEAR RESULTS February 3, 2016
$1'010m
$3'410m
$923m
$3'582m
REGIONAL PERFORMANCE
NORTHAMERICA
8
Operating income and margin exclude restructuring and impairment
2015
2014
Operating marginOperating profitSales
29.6%
25.8%
Integrated sales -4%
Sales unchanged, excluding
impact of glyphosate reduction
Solid sales performance in highly
competitive environment
Expanding our offer of new
technologies
Success of ACURON™
US registration of SOLATENOL™
and ORONDIS™
Monetization of our leading
trait portfolio
$145m licensing income
2015 FULL YEAR RESULTS February 3, 2016
JOHN RAMSAY
9
CHIEF EXECUTIVE OFFICER
2015 FULL YEAR RESULTS February 3, 2016
Long term: 2001-2015 Short term: 2010-2015
OPERATING MARGIN
SOLID TRACK RECORD, SHORTTERM HEADWINDS
10
Source: Company reported figures and estimates
Sustained EBITDA % progression
~40 % Free cash flow conversion
2001-2014 TSR: 17% CAGR
Currency headwinds
Seeds production costs
Creation of efficient R&D platforms
– Focus on blockbusters
– Leading trait platform
% of sales Sales $bn
4
6
8
10
12
14
16
15
17
19
21
23
25
27
29
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Sales EBITDA % of Sales as reported CER EBITDA % of Sales
4
6
8
10
12
14
16
15
17
19
21
23
25
27
29
2010 2011 2012 2013 2014 2015
Sales EBITDA % of Sales as reported CER EBITDA % of Sales
% of sales Sales $bn
2015 FULL YEAR RESULTS February 3, 2016
NEW CROP PROTECTION PIPELINE UPGRADED TO >$4bn
11
New blockbusters in the larger markets
ADEPIDYN™ Fungicide Cereals, corn, soybean, specialty crops, vegetables STAGE 3 2016 >$750m
Lead 1 Insecticide Multiple crops STAGE 3 2021 >$750m
Lead 2 Herbicide Multiple crops STAGE 2 2023 >$600m
Lead 3 Fungicide Cereals, soybean STAGE 1 (late) 2022 >$600m
Lead 8 Herbicide Multiple crops STAGE 1 (late) 2024 >$500m
PRODUCT INDICATION CROP STATUS LAUNCH
YEAR
PEAK
SALES
Large products in smaller segments
Fungicide Vegetables, specialty crops STAGE 3 2016 >$150m
Lead 4 Insecticide Vegetables, specialty crops STAGE 3 2021 >$250m
Lead 5 Seedcare Cereals, corn, soybean STAGE 1 (late) 2021 >$400m
Lead 6 Seedcare Multiple crops STAGE 1 (late) 2022 >$200m
Lead 7 Seedcare Multiple crops STAGE 1 (late) 2022 >$100m
PRODUCT INDICATION CROP STATUS LAUNCH
YEAR
PEAK
SALES
2015 FULL YEAR RESULTS February 3, 2016
KEYAREAOF FOCUS
12
Continuing improvement
in profitability
Cost and capital efficiency
Realization of AOL savings
Release of working capital
R&D productivity
Seeds performance
Maximize core crops, monetize GM traits
Address under-performing areas
Create headroom for investments in
long term growth
Gross margin improvement
Sustained innovation
Deliver CP pipeline of >$4 billion
Lead hybridization of Cereals and Rice
Develop next generation GM traits
Syngenta 2015 Full Year Results - Media Presentation

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Syngenta 2015 Full Year Results - Media Presentation

  • 2. 2015 FULL YEAR RESULTS February 3, 2016 SAFE HARBOR 1 This document contains forward-looking statements, which can be identified by terminology such as ‘expect’, ‘would’, ‘will’, ‘potential’, ‘plans’, ‘prospects’, ‘estimated’, ‘aiming’, ‘on track’ and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefor.
  • 3. 2015 FULL YEAR RESULTS February 3, 2016 2015 HIGHLIGHTS 2 Reported sales 11% Sales 1% CER Currency headwinds: US dollar strength New products success Improved profitability: 140bps EBITDA margin improvement to 20.7% AOL saving target exceeded: $300m Earnings per share $17.78 Free cash flow $0.8bn Proposed dividend CHF11.00 per share EBITDA margin 140bps
  • 4. 2015 FULL YEAR RESULTS February 3, 2016 JON PARR 3 CHIEF OPERATING OFFICER
  • 5. 2015 FULL YEAR RESULTS February 3, 2016 $918m $3'632m $1'095m $4'279m REGIONAL PERFORMANCE LATINAMERICA 4 Operating income and margin exclude restructuring and impairment 2015 2014 Operating marginOperating profitSales 25.3% 25.6% Challenging market conditions, deterioration in Brazil Sharp depreciation of the Real Tight credit conditions Strong momentum for ELATUS™ $55m licensing income Operating margin broadly maintained Integrated sales at CER: -5% Change in sales terms broadly offset by glyphosate reduction Low insect pressure; high insecticide inventory Argentina: new government improving prospects for growers
  • 6. 2015 FULL YEAR RESULTS February 3, 2016 $1'283m $3'884m $1'499m $4'547m REGIONAL PERFORMANCE EUROPE,AFRICAAND MIDDLE EAST 5 Operating income and margin exclude restructuring and impairment 2015 2014 Operating marginOperating profitSales 33.1% 33.0% Solid performance despite economic situation in the CIS CIS: currency impact fully offset by pricing gains Integrated sales +10% Strong growth in fungicides Sales +9% at CER Seedcare expansion in Cereals Cereals platform building strong momentum Acquisitions fully integrated Pull through of crop protection sales
  • 7. 2015 FULL YEAR RESULTS February 3, 2016 DAVOR PISK 6 CHIEF OPERATING OFFICER
  • 8. 2015 FULL YEAR RESULTS February 3, 2016 $504m $1'837m $564m $2'033m REGIONAL PERFORMANCE ASIAPACIFIC 7 Operating income and margin exclude restructuring and impairment 2015 2014 Operating marginOperating profitSales 27.5% 27.8% 69% 72% 77% 78% 79% 0 500 1000 1500 2000 2500 2011 2012 2013 2014 2015 Emerging Asia Developed Asia EM % of sales Sales expansion inAsia Reported sales in $m Integrated sales -3% China: phase-out of paraquat Extended drought in ASEAN Thailand: high rice stocks, reduced farm support New product introductions across territories; adoption of GM technology
  • 9. 2015 FULL YEAR RESULTS February 3, 2016 $1'010m $3'410m $923m $3'582m REGIONAL PERFORMANCE NORTHAMERICA 8 Operating income and margin exclude restructuring and impairment 2015 2014 Operating marginOperating profitSales 29.6% 25.8% Integrated sales -4% Sales unchanged, excluding impact of glyphosate reduction Solid sales performance in highly competitive environment Expanding our offer of new technologies Success of ACURON™ US registration of SOLATENOL™ and ORONDIS™ Monetization of our leading trait portfolio $145m licensing income
  • 10. 2015 FULL YEAR RESULTS February 3, 2016 JOHN RAMSAY 9 CHIEF EXECUTIVE OFFICER
  • 11. 2015 FULL YEAR RESULTS February 3, 2016 Long term: 2001-2015 Short term: 2010-2015 OPERATING MARGIN SOLID TRACK RECORD, SHORTTERM HEADWINDS 10 Source: Company reported figures and estimates Sustained EBITDA % progression ~40 % Free cash flow conversion 2001-2014 TSR: 17% CAGR Currency headwinds Seeds production costs Creation of efficient R&D platforms – Focus on blockbusters – Leading trait platform % of sales Sales $bn 4 6 8 10 12 14 16 15 17 19 21 23 25 27 29 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Sales EBITDA % of Sales as reported CER EBITDA % of Sales 4 6 8 10 12 14 16 15 17 19 21 23 25 27 29 2010 2011 2012 2013 2014 2015 Sales EBITDA % of Sales as reported CER EBITDA % of Sales % of sales Sales $bn
  • 12. 2015 FULL YEAR RESULTS February 3, 2016 NEW CROP PROTECTION PIPELINE UPGRADED TO >$4bn 11 New blockbusters in the larger markets ADEPIDYN™ Fungicide Cereals, corn, soybean, specialty crops, vegetables STAGE 3 2016 >$750m Lead 1 Insecticide Multiple crops STAGE 3 2021 >$750m Lead 2 Herbicide Multiple crops STAGE 2 2023 >$600m Lead 3 Fungicide Cereals, soybean STAGE 1 (late) 2022 >$600m Lead 8 Herbicide Multiple crops STAGE 1 (late) 2024 >$500m PRODUCT INDICATION CROP STATUS LAUNCH YEAR PEAK SALES Large products in smaller segments Fungicide Vegetables, specialty crops STAGE 3 2016 >$150m Lead 4 Insecticide Vegetables, specialty crops STAGE 3 2021 >$250m Lead 5 Seedcare Cereals, corn, soybean STAGE 1 (late) 2021 >$400m Lead 6 Seedcare Multiple crops STAGE 1 (late) 2022 >$200m Lead 7 Seedcare Multiple crops STAGE 1 (late) 2022 >$100m PRODUCT INDICATION CROP STATUS LAUNCH YEAR PEAK SALES
  • 13. 2015 FULL YEAR RESULTS February 3, 2016 KEYAREAOF FOCUS 12 Continuing improvement in profitability Cost and capital efficiency Realization of AOL savings Release of working capital R&D productivity Seeds performance Maximize core crops, monetize GM traits Address under-performing areas Create headroom for investments in long term growth Gross margin improvement Sustained innovation Deliver CP pipeline of >$4 billion Lead hybridization of Cereals and Rice Develop next generation GM traits