DSM Integrated Annual Report 2022

Key data

Key data1

 

 

2022

 

2021

 

 

 

 

 

People

 

 

 

 

Workforce at 31 December (headcount)

 

20,682

 

21,358

Female:male ratio2

 

31:69

 

30:70

Total employee benefit costs (in € million)

 

1,910

 

1,853

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

 

0.28

 

0.22

Employee Engagement Index (in %)

 

77

 

76

 

 

 

 

 

Planet

 

 

 

 

Primary energy use (in PJ)

 

19.5

 

21.4

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

 

(0.4)

 

6.0

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

 

1.05

 

1.21

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

 

35

 

27

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

 

26

 

26

 

 

 

 

 

Brighter Living Solutions Plus (as % of running business)3

 

67

 

-

 

 

 

 

 

Profit (in € million)

 

 

 

 

Net sales from continuing operations

 

8,390

 

7,269

Adjusted EBITDA from continuing operations4

 

1,395

 

1,379

EBITDA from continuing operations

 

1,304

 

1,288

Adjusted operating profit from continuing operations (EBIT)4

 

767

 

808

Operating profit from continuing operations (EBIT)

 

682

 

711

Net profit for the year

 

1,715

 

1,680

Adjusted net operating free cash flow from continuing operations4

 

310

 

626

Capital expenditure, cash based

 

644

 

570

Dividend for DSM shareholders (based on profit appropriation)

 

1675

 

438

Net debt

 

87

 

1,019

Shareholders’ equity

 

10,743

 

9,318

Total assets

 

17,395

 

16,020

Capital employed

 

11,473

 

11,019

Market capitalization at 31 December6

 

19,978

 

34,608

 

 

 

 

 

Per ordinary share in €

 

 

 

 

Net earnings

 

9.80

 

9.68

 

 

 

 

 

Financial ratios (%)

 

 

 

 

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

 

47

 

47

Adjusted EBITDA margin (continuing operations)4

 

16.6

 

19.0

Average working capital/annualized net sales (continuing operations)

 

24.3

 

22.3

ROCE (continuing operations)4

 

7.3

 

8.7

Gearing (net debt/equity plus net debt)

 

0.8

 

9.7

Equity/total assets

 

62.3

 

58.7

Cash provided by operating activities/Adjusted EBITDA4

 

55.9

 

77.5

1

For definitions, see Explanation of some concepts and ratios. People and Planet are reported in accordance with the Non-financial reporting policy. As the divestment of DSM Engineering Materials was announced prior to the launch of the EES, Employee engagement and associated metrics are reported excluding DSM Engineering Materials.

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

The year 2022 was the first of reporting the new Brighter Living Solutions Plus.

4

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.

5

Subject to approval by the Annual General Meeting of Shareholders.

6

Source: Bloomberg.

Global Reporting Initiative

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