DSM Integrated Annual Report 2021

Key data

Key data1

 

 

2021

 

2020

 

 

 

 

 

People

 

 

 

 

Workforce at 31 December (headcount)

 

21,358

 

23,127

Female:male ratio2

 

30:70

 

29:71

Total employee benefit costs (in € million)

 

1,810

 

1,848

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

 

0.22

 

0.24

Employee Engagement Index (in %)

 

76

 

76

 

 

 

 

 

Planet

 

 

 

 

Primary energy use (in PJ)

 

21.4

 

21.5

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

 

6.0

 

5.7

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)

 

27

 

25

Water withdrawal for non-once-through-cooling (x million m3)

 

26

 

24

 

 

 

 

 

Brighter Living Solutions (as % of running business)

 

64

 

63

 

 

 

 

 

Profit (in € million)

 

 

 

 

Net sales from continuing operations

 

9,204

 

8,106

Adjusted EBITDA from continuing operations3

 

1,814

 

1,534

EBITDA from continuing operations

 

1,702

 

1,368

Adjusted operating profit from continuing operations (EBIT)3

 

1,139

 

929

Operating profit from continuing operations (EBIT)

 

1,021

 

662

Net profit for the year

 

1,680

 

508

Adjusted net operating free cash flow from continuing operations3

 

949

 

872

Capital expenditure, cash based

 

570

 

585

Dividend for DSM shareholders (based on profit appropriation)

 

4384

 

420

Net debt

 

1,014

 

2,577

Shareholders’ equity

 

9,318

 

7,399

Total assets

 

16,013

 

14,346

Capital employed

 

11,012

 

10,557

Market capitalization at 31 December5

 

34,608

 

25,545

 

 

 

 

 

Per ordinary share in €

 

 

 

 

Net earnings

 

9.68

 

2.91

Dividend

 

2.504

 

2.40

 

 

 

 

 

Financial ratios (%)

 

 

 

 

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

 

46

 

44

Innovation sales/net sales (continuing operations)

 

19

 

21

Adjusted EBITDA margin (continuing operations)3

 

19.7

 

18.9

Average working capital/annualized net sales (continuing operations)

 

20.2

 

22.3

ROCE (continuing operations)3

 

11.1

 

10.4

Gearing (net debt/equity plus net debt)

 

9.7

 

25.6

Equity/total assets

 

58.7

 

52.2

Cash provided by operating activities/Adjusted EBITDA3

 

77.5

 

90.5

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 Note 2 of the Consolidated financial statements.

4

Subject to approval by the Annual General Meeting of Shareholders.

5

Source: Bloomberg.

Global Reporting Initiative

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