VIRTUAL GENERAL SHAREHOLDERS’ MEETING 2020 J U N E 2 0 2 0
Introduction • Christian Kohlpaintner is a chemist by background • Long career in senior management positions at Hoechst, Celanese, Budenheim and Clariant • More than 25 years of management experience in the chemical industry • Posts in Germany, Switzerland, North America and China Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 2
COVID-19 Pandemic • Global crisis management set up to ensure the health and safety of all our employees and business partners • Almost all Brenntag sites fully operational • Close contact with customers and suppliers • Social commitment and donations to alleviate product shortages Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 3
Stefan Zuschke – Long-standing Chairman of the Supervisory Board of Brenntag AG Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 4
Highlights 2019 OPERATING GROSS PROFIT OPERATING EBITDA + 3.4 % (fx adj.) + 11.3 % (fx adj.) partly due to effect of IFRS 16 EUR 2,821.7 m EUR 1,001.5 m EARNINGS PER SHARE FREE CASH FLOW EUR 3.02 + 59.4 % EUR 2.98 in 2019 EUR 837.3 m Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 5
Financial performance in 2019 – Regions EMEA NORTH AMERICA LATIN AMERICA ASIA PACIFIC AMERICA • Challenging market • Good start to 2019 • Good earnings • Strong earnings growth conditions growth in continued contributed by • Weak demand since • Particular weakness highly volatile acquisitions and organic mid-2019 in almost all environment business in Germany and customer industries France Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 6
Continued success with acquisitions EMEA NORTH AMERICA LATIN AMERICA ASIA PACIFIC AMERICA • Desbro Group, Kenya 1) • Reeder, USA • Quimisa, Brazil • Tee Hai, Singapore 3) 4) • Crest, South Africa 2) 4) • NERP, USA • Tan International, UK • Marlin, USA • B&M, USA 1) Acquisition was signed in 2018 3) Acquisition of 51% 2) Acquisition of remaining 50% share 4) Enterprise value for Tee Hai and Crest included on a pro-rata basis for the shares acquired Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 7
Dividend proposal – dividend increased again Expected payout in EUR per share ~EUR 193 m 1.25 1.20 1,20 1.10 1.05 1.00 1,00 0.90 0.87 0.80 0,80 0.67 0,60 0.47 0,40 0,20 0,00 Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 8
Financial performance in Q1 2020 FREE CASH FLOW OPERATING GROSS PROFIT OPERATING EBITDA EUR 161.5 m +7.1% (fx adj.) +8.7% (fx adj.) On high level achieved in EUR 745.2 m EUR 263.0 m Q1 2019 Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 9
Conversion of Brenntag AG into a European Company (Societas Europaea - SE) Conversion as an expression of the global footprint of Brenntag Essential key information in the published Conversion Report and Conversion Plan Change of the legal form, all other parameters essential for shareholders remain unchanged Brenntag SE Management structure, in particular responsibilities and composition of Supervisory Board and Board of Management, has proven itself and will remain unchanged Employees from all member states have established a “special negotiating body” to negotiate an “employee involvement agreement” - negotiations are still ongoing Conversion becomes effective upon the entry of Brenntag SE in the commercial register - after approval of the GSM and the conclusion of negotiations with the special negotiating body Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 10
Christian Kohlpaintner – new CEO of Brenntag AG Various townhall meetings In-depth talks with 9 countries visited on customers and 3 continents suppliers Continuous dialogue with capital Video for employees markets and investors across the globe Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 11
“ Project Brenntag ” Operating Model Go-to- Market Approach PROJECT BRENNTAG Site Network Optimization People & Change Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 12
General Shareholders’ Meeting 2020 THANK YOU VERY MUCH FOR YOUR ATTENTION! Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 13
Disclaimer This presentation contains forward-looking statements. The words “assume”, “believe”, “estimate”, “expect”, “intend”, “plan”, “project”, “may”, “should” and similar expressions can be used to identify forward-looking statements. Forward- looking statements are statements that are not historical facts; instead they reflect our current views and expectations and the assumptions underlying them about future events. These forward-looking statements are, by their nature, subject to many risks and uncertainties, including a lack of further improvement or a deterioration in global economic conditions, in particular a decline in consumer demand and investment activities, a downturn in major economies, a continuation of the tense situation in the credit and financial markets and other risks and uncertainties. If any of these risks and uncertainties materialize or if the assumptions underlying any of our forward-looking statements prove to be incorrect, our actual results may be materially different from those expressed or implied by such forward-looking statements. We do not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. Brenntag AG – Virtual General Shareholders‘ Meeting June 2020 14
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