Investor Presentaiton
Conclusion: our sustainable competitive advantage
eurofins
Best in class technology and quality give best brand
protection
N° 1 or 2 worldwide in most business lines
Operating in more than 50 countries
State-of-the-art laboratory infrastructure
High switching costs for clients
Good cash flow visibility
Experienced multi-national leadership
High-growth, non-cyclical markets driven by secular mega-
trends
Advancing globalisation but with very few global testing
suppliers
Fragmented competition & opportunities for consolidation
Very recurring business; 5% - 12% typical historic organic
growth for the last 20 years
High barriers to entry
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Track record of profitable growth - Strong ROCE and cash flow generation potential
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ROCE* of 15.9% and ROE** of 26.7% in 2020 despite significant future-orientated investments and one-off restructuring costs. ROCE*
excluding goodwill of 51.3%
5-year CAGR (FY 2015 - FY 2020): Revenues 23%, Net Operating Cash Flow 33%
Large potential to roll out business model in fast growing economies
Following past intense investment cycles Eurofins' network of laboratories is well positioned for the Group to achieve its objectives
whilst gaining and maintaining leadership in multiple markets and improving profitability
*ROCE = Adjusted EBITAS/Average Capital Employed over previous 4 quarters **ROE = Net Profit/Equity (excl. Hybrid) at the beginning of the year
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