Investor Presentation
Sound Financial Policy
Strategic Direction
ORGANIC INVESTMENT
■ Capex spend at ~8-10% of sales for
growth and maintenance projects
Controlled capacity extension
■ Clear payback and IRR criteria
DIVIDEND
■Committed to redistributing profit back
to shareholders
Dividend policy implies payout ratio of
20-30% of adjusted Net Income after
minorities
13.10.2020
Investor Presentation
GERRESHEIMER
Focus on Sustainable
and Profitable Growth
RATING & LEVERAGE
Consider net financial debt to
adjusted EBITDA ratio of 2.5 as
appropriate for Gerresheimer
Temporary variation tolerated in case
of relevant M&A
Committed to investment grade rating
in the long term
M&A
Stringent and selective approach to
acquisitions
Strategic fit, management profile and
financial track record as key initial
considerations
Clear financial guidelines
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