IMCD N.V.

Good morning, ladies and gentlemen. Thank you for holding, and welcome to the IMCD event hall regarding first half year 2021 results. At this moment, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. I would now like to hand over the conference to Mr. Piet van der Slikker. Please go ahead, sir.

Thank you, operator, and welcome, everybody. I'm here with Hans Kormans, as always, and together we will answer your questions on our results over the first six months. The strong demand which we reported after Q1 continued in Q2 to such an extent that our EBITDA grew with 46% over the full six months, and even with 52% on a constant currency basis. Cash earnings per share increased with 44%. All regions contributed to this organic growth and all acquired companies performed in accordance with expectations. We remained active in executing our strategy by acquiring companies in various regions and market segments and we strengthened our position in Mexico, Colombia, Central America and China. I want to thank our staff who delivered a remarkable performance under difficult circumstances, and we look with optimism to the remainder of the year. Now, Hans will take you through the first half year numbers, and after that we will answer your questions. So, Hans? Go ahead. Thank you for the introduction. Morning, ladies and gentlemen, and I would like to start on page 9 of the presentation. Now, you will find a summary of the first half year income statement. As you can see, Forex Adjusters revenue increased 23% and gross profit increased 28% compared to the same period of last year. This 28% gross profit growth was a combination of 9% as a result of the first time inclusion of acquisitions and 19% organic growth. Gross profit in percentage of revenue increased 0.9% compared to last year to 24.5%. And this increase was a combination of the contribution of newly acquired businesses, product mix effects, changes in local market circumstances, and successful internal cross-margin improvement initiatives. Forex suggested operating EBITDA and EBITDA both increased with 48% and 52% respectively.

This increase was a combination of strong organic growth and first-time inclusion of acquisitions.