EFTA00595821.pdf

Evcini!1 Evonik Financials KPI Group and Segments P. 2-7 Group Income Statement P. 8.9 Group Balance Sheet P. 10 Group Cash Flow Statement P. 11 Group Net Financial Position P. 12 As of O1 2016 (31 March. 2016) Page 1 EFTA00595821 KPI Grou Year Year Year Year Year Incmillion FY 201V FY2012' FY 2013 FY 2014 01 2015 02 2016 03 2015 042015 FY 2015 01 2016 External Sales 14,540 13,365 12.708 12.917 3.425 3.519 3.365 3,198 13,507 3,106 Growth (16) 9% -8% -5% 2% 7% 8% 4% -1% 5% -9% Volumes 2% -2% 4% 3% 2% 2% -7% 3% 1% 0% Prices (%) 10% 0% -5% -1% 0% 1% 2% -4% 0% -7% Exchange Rates (%) -7% 2% -1% 0% 8% 6% 3% 2% 5% -1% Other (incl. 94) -2% -8% -2% 0% -7% -1% 0% -2% -7% -1% Adjusted EBRDA 2.768 2.467 1.989 1,882 650 661 653 501 2.465 565 Margin (%) 0.0% 18.5% 15.7% 14.8% (9.0% 18.8% 79.4% 15.7% 18.2% 18.2% EBR 1.924 1.877 1.058 1.077 448 608 382 226 1.664 376 Adjusted EBR 2.099 1.887 1.398 1.256 485 486 473 308 1.752 389 Margin (96) 74.4% 14.1% 11.0% 9.7% 142% 13.8% 14.1% 9.6% 13.0% 12.5% Adjusted Eps 2.70 2.31 1.85 1.68 0.69 0.66 0.64 0.44 2.42 0.65 Free Cash Flow 650 490 -49 -60 179 -13 508 378 1.052 161 Capital expenditures 830 960 1.140 1.123 189 189 206 293 877 160 Capital empkayed (annual average) 10.957 9.250 9297 10.054 10,530 ROCE (%) 18.7% 20.4% 15.0% 12.5% 16.6% Dividend (E) 0.91 0.92 1.00 1.00 1.15 Employees (continuing operations) 33.556 32.034 32.995 33241 33.075 33.187 33.650 33.676 33.576 33.600 • not restated for new corporate structure Page 2 EFTA00595822 KPI Nutrition & Care Year Year Year Year Year Inc million FY2011' FY 2012' FY2013 FY 2014 O1 2015 O2 2015 O32015 O4 2015 FY 2015 O1 2016 External Sales 4.081 4,204 4.077 4,075 1229 1.248 1,240 1.208 4.924 1.047 Growth (%) It% 3% 0% 0% 28% 27% 22% 8% 27% -75% Volumes (%) 5% 3% SW IW 5% 0% 1% 2% 2% -5% Prices (%) 7% -2% -SW OW 16% 18% 16% 4% 73% -8% Exchange Rates (%) -7% 2% OW OW 9% 10% 5% 2% 7% -2% Other (Intl. %) IX 0% 0%' -196* -2% -I% 0% 0% -7% 0% Adjusted EBRDA 1.049 1.05$ 901 847 353 381 382 319 1.435 293 Margin (%) 251% 25.7% 22.1% 20.8% 281% 30.5% 30.8% 26.4% 29. I% 28.0% EBIT 933 749 655 301 323 313 255 1.193 240 Adjusted EBR 917 929 751 685 302 324 328 261 1.214 240 (larger, (%) 22.5% 22.7% WAX 16.8% 24.6% 26.0% 28.5% 27.6% 243% 22.9% Capital expendlures 186 303 459* 458 54 59 64 73 250 41 Capital employed (annual average) 1.640 1.906 2.205 2.527 2.923 ROCE (%) 55.9% 48.7% 34.1% 27.1% 41.5% Emplowes 6.384 6.821 7.150' 6.943 6.927 6.916 7.062 7.165 7.165 7.347 not restated for new ccrootate struclure Page 3 EFTA00595823 KPI Resource Efficienc Year Year Year Year Year In t million FY2011' FY 2012' FY2013 FY 2014 01 2015 02 2015 03 2015 04 2015 FY 2015 01 2016 External Sales 4.045 3,131 3.840 4,040 1,124 1.110 1.044 1,001 4,279 1.120 Growth (%) -4% -23% -2% 5% I.9% 6% 2% 3% 6% 0% Volumes (%) 0% -2% 3%' SW 6% 4% -3% 2% 2% 2% Prices (%) 9% 1% 0%' OW 0% 0% 1% -1% 0% -3% Exchange Rates (%) 1% 2% -2W -1W 6% 5% 3% 3% 4% 0% Other (ind. %) -12% -23% -2W IW 1% -2% 1% -1% 0% 7% Adjusted EBITDA 765 663 818 836 244 254 216 182 896 256 Margin (%) 78.9% 21.2% 21.3% 20.?% 27.7% 229% 20.7% 182% 20.9% 229% EBIT 531 646 598 184 199 117 119 618 199 Adjusted EBIT 611 526 654 642 192 200 161 122 675 200 Margin (%) IS.I% 162% 17.0% 169% I7. I% MO% 15.4% 122% 118% 17.9% Capital expencitures 170 171 230' 273 46 52 63 80 241 49 Capital employed (annual average) 2.068 1.596 2.248 2474 2.726 ROCE (%) 29.5% 33.0% 201% 250% 24.8% Emolovees 0381 0755 5.854' 7.835 7.908 8.231 8049 8.662 8.662 8.652 not restated for new corporate StfUCluf Page 4 EFTA00595824 EV0f1TI15, KPI Performance Materials Year Year Year Year Year Inc million FY2011' FY 2012' FY2013 FY 2010 01 2015 02 2015 032015 04 2015 FY 2015 01 2016 External Sales 4.880 4.843 3.828 3,827 851 938 858 789 3,435 772 Growth (%) /9% -1% -7% 0% -15% •% -11% -11% -10% -9% Volumes (96) 2% -6% 4W OW -5% 4% -2% 5% 1% 5% Prices (%) 18% 2% -9W -14% -13% -11% -18% -14% .14% Exchange Rates (%) -2% 3% -1W OW 4% 5% 2% 2% 3% 0% Other (inctIM: %) 0% 0% -1W OW 0% 0% 0% 0% 0% 0% Adjusted EBITDA 907 853 404 325 72 82 94 62 309 64 Margin (96) 18.6% 17.6% 10.6% 8.5% 8.5% 8.7% 11.0% 7.9% 9.0% 8.3% EBIT 717 251 177 22 52 30 -14 90 39 Adjusted EBR 748 701 293 209 42 51 57 24 174 30 Margin (%) 15.3% 14.5% 7.7% 5.3% 4.9% 5.4% 6.6% 3.0% 5.1% 3.9% Capital expencitures 210 344 290' 218 47 43 34 59 183 24 Capital employed (annual average) 1.702 1.811 1.307 1.397 1.467 ROCE (96) 43.9% 38.7% 22.4% 14.6% 11.9% Employees 6.846 6.134 6.268' 4.353 4.346 4.245 4.387 9.380 4.380 4.384 ' r)! restated for new corporate structure Page 5 EFTA00595825 K PI Services Year Year Year Year Year In C million FY 2011' FY 2012' FY 2013 FY 2014 01 2015" 02 2015" 03 2015" 04 2015" FY 2015" 01 2016 External Sales 952 999 894 906 207 211 207 203 828 166 Growth (%) 19% 5% 1% -10% -5% -5% -14% -9% -20% Volumes (%) Prices (%) Exchange Rates (%) Other (mnal.: %) Adjusted EBITDA 139 174 146 151 46 28 46 40 159 35 Margin (95) 74.6% 17.4% 20.7% 16.7% 22.2% 14.7% 22.2% 19.7% 193% 21.1% EBIT 64 33 35 16 -2 14 S 33 -3 Adjusted EBIT 56 78 46 49 20 2 18 10 50 7 Margin (%) 5.9% 7.8% 9.7% 5.4% 91% 1.9% 9.2% 4.9% 64% 4.2% Capital expendtures 84 103 123' 153 39 31 40 67 177 43 Capital employed (annual average) 442 486 620 507 565 ROCE (%) 12.7% 16.0% 8.9% 9.7% 9.4% Employees 10.946 11.900 12.192' 13.173 12.971 12.907 12.747 12.668 12.668 12.710 not restated for new corporate suuclure " 2015 figures restated for restructuring between Sen.:cos end Corporate Others segments WY 2015: -44 m adj. EBITDA impact in Services) Page 6 EFTA00595826 KPI Cor 'orate ! Others Year Year Year Year Year In C million FY 2011' FY 2012' FY 2013 FY 2014 01 2015" 02 2015" 03 2015" 04 2015" FY 2015" 01 2016 External Sales 170 188 69 69 14 12 16 -3 41 1 Growth (%) Volumes (16) Prices (%) Exchange Rates (%) Other (inct %) Adjusted EBITDA .311 .278 -280 -277 -65 .84 -85 -102 .334 .83 EBIT -368 -621 -388 -75 36 .92 .139 .270 -98 Adjusted EBIT -104 -347 -346 -324 -71 .91 .91 .109 .361 .as Capital expencitures 106 39 38' 21 3 4 5 14 26 3 Capital employed (annual average) 3.519 3.032 3.149 2.849 Employees 1.846 1.424 1.53V 937 923 888 905 701 701 507 ' not restated for new caporal° structure " 2015 figures restated for restructuring between Sen9ces and Corporate Others segments (FY 2015: .44 m adj. EBITDA impact in Corporate: Others) Page 7 EFTA00595827 Evqnp:cs Grou • Income Statement in C million Sales COSI 01 Wee Gross profit on sales Selina MOMS% Research and clenclopment emonser. 14,500 -10247 4.03 -1242 -365 12366 -9.457 3.908 -1286 -362 12,701 -9.111 3.697 -1.2511 -194 12,917 3,609 -1289 413 3.425 4.317 1.106 -341 -101 3,519 -2645 1,174 -371 -106 3.365 -2245 1.120 -352 -102 3.196 -2.164 1810 -365 -127 13507 -9.096 4,411 -1.447 3.106 -2.048 1866 -356 -103 Oecer8 e/mnetriltwe 0000Sel 463 -634 431 -601 -160 -184 -166 -184 -693 -155 Other =cram° enccme & meonsee -183 339 .59 92 -102 47 -MI 45 Rmult frommmtments r tied ai 1 so 62 9 14 1 -16 -15 -3 Income before financial mull and income taxes. conlinuing operations a EBIT 1,837 1.615 1,058 1,077 448 606 392 226 1,564 376 Financial Resull -294 -259 -240 -215 -43 41 -86 -22 -223 -94 Income before income lams, continuing operations 1.643 1.656 808 642 318 Mr 2815 201 1.441 342 Income tam. .461 -453 -115 .133 -105 -70 46 income after Men. continuing OperaMmi 1,002 1.109 585 590 270 431 191 134 1,019 244 Incane aftet man ciscontrood ooaaw s .78 65 1.428 -9 -I1 e. 0 -2 •17 0 Income after taxes 1.014 1.168 2.013 581 259 419 191 132 1.002 244 ttoreet anntotablel0 nal-contionng Inters O 3 3 41 13 3 1 3 3 11 4 Shoreholdera of EYOMK Industdm AO (ne1 Income) 1,011 1,165 2,054 568 256 418 186 129 991 210 EPS 2.17 2.50 4.41 122 0.55 0.90 0.40 026 2.13 0.52 - not ectztated fa new corporate structure Year FY 2011` Veer FY2012' Year FY2013 Year FY 2014 012015 02 2015 03 2015 04 X015 Year FY 2015 01 2016 Page 8 EFTA00595828 In C million Yaw FY 2011' Yew FY 2012' Yew FY 2013 Yeas FY 2014 01 2015 02 2015 03 2015 04 2015 Year FY 2015 01 2016 Sales 14.840 13245 12,708 12,017 3,425 3,519 3,366 3,196 13307 3,106 Adlusted 28170.4 2.788 2,467 UN 1,89E 650 661 663 501 2466 555 Deorooneco and amortarno 669 -591 -626 -165 -175 •190 -193 -713 -176 Adjusted EMT 2,099 1,887 1,318 1,256 485 466 473 308 1,752 389 Ad/waled net interest re4ul -381 421 -255 -192 -56 -40 -53 .22 -171 -29 Adjusted other lineal result 6 -17 7 -9 -5 Adiusted net manual result -249 49 49 .23 -179 -32 Dtpiebetco and W11011628I01 CO hleng.de assets 64 59 9 10 10 10 39 10 Adjusted Income before Income Wit% continuing cycollons 1.718 1.566 1.233 1.106 446 447 as 295 1.612 367 40..404 ,002n101.5m4 CentPuhe 004.4*COS -454 .445 -355 -313 -122 -139 -126 -86 -473 -109 MOMS Income Sete lane 1,264 1,121 BM 793 323 308 299 209 1,139 258 Adiusted nen scrorcffine enterest -s -46 -14 -11 -3 -I 3 4 -II Adjusted net Income 1.256 1.076 ass 732 320 307 296 205 1.126 254 Adjusted EPS 2.70 2.31 1.85 1.58 0.69 0.66 0.64 0.44 2.42 0.55 not testale0 try new StruCluie Adjustments Year Year Yew Yew YOB! In (million FY 2011 FY2012 FY2013 FY 2014 01 2015 02 2015 03 2015 04 2015 FY 2015 01 2016 Restructureq .so 132 .191 -ss a .14 -20 -24 45 -6 ImparomiloneVreversal 01 Impanwl loSses -131 -167 -15 -37 -24 1 -24 -16 43 0 Acournstc0 f Olvestmeot of EnalatiCiOnge -33 s -41 1 0 142 0 0 142 0 °that 19 17 -93 -57 -5 .7 -47 42 -102 -7 -Mush ants -175 -10 -340 -179 -37 122 -91 412 a -13 Page 9 EFTA00595829 Grou • Balance Sheet Assets in E million Intangible assets Property. plant and equipment Investments recognized at eguly Financial assets Deterred tax assets 3.272 5.901 1.057 255 477 3.190 6.117 1.122 197 842 3.038 4.832 878 150 837 3.100 5.515 357 83 1.127 3.182 5.784 359 94 1.448 3.175 5.712 59 92 1.017 3.164 5.632 47 114 1.110 3.168 5,808 53 116 1.110 3.199 5.727 55 134 1.150 Other income tax assets 23 21 13 11 13 14 14 11 11 Other receivables 41 35 30 58 57 60 56 54 58 Non-current assets 11.026 11,524 9.778 10.251 10.937 10.129 10.137 10.320 10.334 Inventories 1.645 1.648 1.594 1.778 1.813 1.777 1.780 1.763 1.750 Other income tax assets 60 121 188 211 169 209 112 111 76 Trade accounts receivable 1.711 1.687 1.626 1.720 2.051 2.075 1.964 1.813 1.817 Other receivables 358 325 278 303 336 345 306 285 314 Financial assets 688 1.088 748 449 769 438 388 385 363 Cash and cash equrvalenis 1.409 741 1527 921 1.614 1.777 2.342 2.368 2.466 5.871 5.608 5.961 5,382 6.752 6.619 6.892 6.685 6.786 Assets held tor sale 47 34 144 52 41 31 33 0 0 Current assets 5.918 5.642 6.105 5.434 6.793 6.650 6.925 6.685 6.786 Total assets 16,944 17,166 15,883 15,685 17,730 16.779 17.062 17.006 17,120 Year FY 2011 Year FY 2012 Year FY 2013 Year FY 2014 01 2015 02 2015 03 2015 Year FY 2015 01 2016 Uabilltles ME million Issued captal Reserves Equity attributable to shareholders of Evonik industries AG Equity annbutable to non-controllino interests 466 5515 5.981 93 468 4.892 5.358 II 1 466 6.292 6.758 78 466 5.961 6,427 95 466 5,861 6,327 99 466 6.712 7.178 95 466 6.619 7,085 96 466 7.027 7,093 83 4E6 7.082 7.548 80 Total equity 6.074 5.• pS .836 6 2 7,273 7,181 7.576 7.628 Provisions for pensions and other post-emigoyment benefits 2.805 4.380 3.331 3.953 4,875 3.489 3,784 3.349 3.528 Other provisions 1.014 799 800 903 916 954 922 854 869 Deferred tax liabilities 481 413 412 449 450 441 449 479 450 Other income tax liabillies 70 115 148 199 207 224 226 150 157 Financial liabalies 2.745 1.464 627 666 1,453 1.437 1.422 1415 1.383 Other bles 369 309 81 71 106 95 103 106 106 Non-current liabilities 7.484 7.480 5.399 6.241 8,007 6.640 6.906 6.353 6.493 Other provisions 1.174 1.130 979 957 1.042 803 1.017 1.177 1.213 Other income tax liabthlies 352 223 158 105 149 177 188 209 227 Financial liabelles 402 1.483 1.037 469 696 465 412 291 260 Trade accounts payable 1.086 1.096 1.089 1.126 1,006 1.028 980 1.090 903 Other Payables 284 272 282 247 350 358 370 309 399 3.298 4,204 3,505 2,904 3.283 2.861 2,967 3.076 2.999 Liabilities associated with assets held tor sale 88 13 103 18 14 5 8 0 0 Current liabilities 3.386 4,217 3,648 2,922 3,297 2,866 2,975 3,076 2.999 Total equity and liabilities 16,944 17.168 15,883 15,685 17,730 16,779 17.062 17.006 17.120 Year FY 2011 Year FY 2012 Year FY 2013 Year FY 2014 01 2015 02 2015 03 2015 Year FY 2015 01 2016 Page 10 EFTA00595830 „;® EVOflIK Group Cash Flow Statement In (million Income before Mumma recoil and income taxes. conbnung operabons • EDIT D.014040$31. ernormatico. Impahneni lossesfreversal of ImpsPawl losses on non-curreni assess Rellill trots anstment: rocoqnzed al oquty owalaisee 60 anasa ol no outran' SUSIE, Change in immures Change in trade w-conts resolvable Mange in trade accounts sayable and Current 0~09 PernentS *Calved trots CUPOMPS Change in penman la pensions and other mast.employmera benotes Change In other preetSion Change in miscodancous assoistabilbol Cash outflows for tiered 1,037 785 5 -26S •121 78 200 -76 -108 -194 1.815 745 27 -100 .22 -25 437 -142 -169 -143 1.058 en -9 0 -102 42 al -132 -14 124 -168 1.077 658 -14 -4 -90 -n 28 465 -43 -70 -114 aaa 191 I SS -244 -53 51 86 12 608 177 -148 3 -64 -21 -179 -41 -31 362 228 1,644 188 206 764 It I 16 2 I -144 az 36 62 az 172 -44 40 86 -18 47 45 •142 147 92 III 07 0 62 -13 -II 47 376 176 3 0 4 46 -154 37 so 36 .14 Cain inflows trots in:pelt 32 29 13 13 2 4 3 13 22 17 C.r..11 maces Irom dradends 58 37 6 20 2 HI 0 I 19 I Cash inDOWOurflOws for atoms taxes 404 -460 -337 430 -45 -142 8 -141 -336 -72 Cash flow from aperrinp activities. conbwng opentlons 1,435 1.395 1934 1.035 446 167 717 639 1.965 347 Cash How Iron operabng achttscs. dr.ccomuod operations -126 26 21 31 I 2 0 0 3 0 Cash flow from operating activities 1.309 1.020 1.055 1.066 446 169 717 639 1971 347 Cash outflows for nvestmonts in entanglale assets, moony. pant and @gummed. mostment property .456 -905 -1962 -1996 •I80 -261 -916 -186 Cash OuttlewS lOr hvegnIMIS in shefeholchnos 134 -33 41 -114 4 47 -2 -28 -70 -58 Cash inflows horn dremenents of intangble assets. properly. plant and egopment. ernestment property 62 42 43 17 3 5 6 0 13 3 Cash inftowstutttows tram divetarnm:: ot sasehoklings 1,021 59 1.072 578 3 420 a I 421 0 Cain ,ntiovri'OtaftOwl /veto° to sectates degeer.S and INVIS -238 493 248 -242 272 72 9 III 5 Cash outflow:to fund the contractual trust arrangemont 43 400 -200 -209 0 -10 -a -201 -211 0 Cash flow ham investing activities. contruing operations 412 4A72 304 475 405 470 445 480 860 436 Cash now from invosbng actmbes. daccobrand operations 14 -149 ea 0 0 0 0 0 Cash flow from investing actin*, 495 4921 363 476 4105 470 480 460 4311 Cash entlowsauttlows relxng to coma/ °anal:mums III 0 2 0 0 0 3 2 Cain OutflOw& ter ev000CIS to SharenOICIOni a Evenk Industries AG 400 -425 -429 -486 0 -446 -466 0 Cash outflows for onteend: to noncontreihnq interests -14 -11 4 4 -7 3 • 1 1 Cash Internsrouttlows from chengeS In °mantrap ntereSIS h Sobel:16MS 44810ut lose Of C01901 4 0 0 0 0 0 0 Ugh OtttlleviS kr the OWNS' C4 treasury snares 0 0 0 -13 -14 Cash Mims from the &So of treasury sharer. 0 0 0 13 0 16 16 0 Ugh Iciness horn memaim a thancial liablbeS 264 135 723 207 795 30 844 29 Cash outflows lor caparison' al finanaal habil bes .931 -187 -1.333 -891 as -38 45 -127 .238 22 Cash flow from financing activities. continuing operations 426 486 4.041 4.155 733 469 6 436 133 4 Cash now IMM entinOntO 141140eS. CASOOnanued (4)940314 4 20 418 0 0 0 0 0 0 0 Cash flow from financing activities 446 468 423 4.155 733 469 6 •136 133 4 Change in cash end cash equivalents 76 469 795 465 674 170 677 23 1,440 105 Cash and cash equivalents as of beginning of WUXI 1,351 1,411 793 1,572 921 1914 1,775 2,343 921 2,368 CNN, in cash and cash equivelents 75 461 795 465 874 170 577 23 1.444 105 Changes in cochango rates and ocher changes 'I cash and cash egumalent: 46 16 I4 19 4 -12 2 3 Cash and cash equivalent* as of end a period 1,411 741 1,572 921 1,814 1,775 2,343 2,368 L368 2,466 Cash and cash eduingents included n assets now soi. sax, -2 0 -45 0 0 0 0 0 Cash and cash equivalents as on the balance sheet as of end of period 1,409 741 1927 921 1,614 1,777 2.342 2.366 2.366 2.466 Year FY 2011' Year FY 2012' Year Yea Year FY 2013 FY 2014 01 2015 022015 03 2015 04 2015 FY 2015 01 2016 not restated fa new structure Page 11 EFTA00595831 e Evcrii!1 Yew Year Year Yew Yaw Now el Me anal report est mIllen FY 2011 FY2012 FY 2013 FY 20i 4 012015 02201$ O3 2015 FY 2016 01X016 201$ Nonturrore nn.wcialla41333 4,47 .1.397 427 439 4397 1.293 4362 .1361 .134S 17.101 eintellworowal 48311les 349 -1337 479 -320 -304 400 -194 413 17.101 Fisonclal deb. 4,906 -201 -1.001 -024 -1M7 4,047 -1Ma -1.054 -IAN - Cash wO cash eottrakerls 1.40, 741 1.627 RN 1.614 1.717 2342 2.354 23.4 001 • Curort Sdxmies 649 928 635 387 640 365 286 262 261 110.21 •O111w ir.7133,301113 6 a is 21 11 14 17 23 4 Fhindal eclat ZOO 1071 2,177 1.339 2.205 2,194 2046 2,653 US NM Ilnanobi dablCash as mated on the Winos Oct 4413 .1.163 571 CO 548 459 963 1.096 1.177 Page 12 EFTA00595832