DSM Integrated Annual Report 2020

Key data

Key data1

 

 

2020

 

2019

 

 

 

 

 

People

 

 

 

 

Workforce at 31 December (headcount)

 

23,127

 

22,174

Female:male ratio2

 

29:71

 

28:72

Total employee benefit costs (in € million)

 

1,848

 

1,811

Frequency Index of Recordable Injuries (per 100 DSM employees and contractor employees)

 

0.24

 

0.28

Employee Engagement Index (in %)

 

76

 

74

 

 

 

 

 

Planet

 

 

 

 

Primary energy use (in PJ)

 

21.5

 

21.2

Energy Efficiency Improvement (in %, year-on-year)

 

5.7

 

2.3

Greenhouse gas emissions, market-based
(scope 1 + 2, in CO2 equivalents, x million tons)

 

1.2

 

1.2

Greenhouse gas scope 1 + 2 cumulative absolute reduction
(in %, baseline 2016)

 

25

 

25

Water consumption (x million m3)

 

24

 

23

 

 

 

 

 

Brighter Living Solutions (as % of running business)

 

63

 

63

 

 

 

 

 

Profit (in € million)

 

 

 

 

Net sales from continuing operations

 

8,106

 

7,998

Adjusted EBITDA from continuing operations3

 

1,534

 

1,551

EBITDA from continuing operations

 

1,368

 

1,457

Adjusted operating profit from continuing operations (EBIT)3

 

929

 

989

Operating profit from continuing operations (EBIT)

 

662

 

872

Net profit for the year

 

508

 

764

Adjusted net operating free cash flow3

 

955

 

801

Capital expenditure, cash based

 

585

 

609

Dividend for DSM shareholders (based on profit appropriation)

 

4.204

 

425

Net debt

 

2,577

 

1,144

Shareholders’ equity

 

7,399

 

7,731

Total assets

 

14,364

 

13,443

Capital employed

 

10,560

 

9,311

Market capitalization at 31 December5

 

25,545

 

21,063

 

 

 

 

 

Per ordinary share in €

 

 

 

 

Net earnings

 

2.91

 

4.27

Dividend

 

2.404

 

2.40

 

 

 

 

 

Financial ratios (%)

 

 

 

 

Sales to high-growth economies / net sales (continuing operations)

 

44

 

45

Innovation sales / net sales (continuing operations)

 

20

 

21

Adjusted EBITDA margin (continuing operations)3

 

18.9

 

19.4

Average working capital / annualized net sales (continuing operations)

 

22.3

 

21.2

ROCE (continuing operations)3

 

10.4

 

12.3

Gearing (net debt / equity plus net debt)

 

25.6

 

12.7

Equity / total assets

 

52.1

 

58.3

Cash provided by operating activities / Adjusted EBITDA3

 

90.5

 

82,2

1

For definitions, see Explanation of some concepts and ratios.

2

For the indexes based on age, nationalities, gender, inflow and outflow, the companies that are not integrated into the HR systems (approx. 6% of the total workforce) are not taken into account.

3

In presenting and discussing DSM’s financial position, operating results and cash flows, DSM (like many other publicly listed companies) uses certain Alternative performance measures (APMs) not defined by IFRS and referred to as ‘Adjusted’. These APMs are used because they are an important measure of DSM’s business development and DSM’s management performance. A full reconciliation of IFRS performance measures to the APMs is given in the Alternative performance measures.

4

Subject to approval by the Annual General Meeting of Shareholders.

5

Source: Bloomberg.