A Lens on Innovative Smes in Flanders April 2014
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Review of Annual Reports 2010 of Euronext Brussels Listed Companies 2 Grant Thornton Corporate Governance Review
Corporate Governance Review Review of Annual Reports 2010 of Euronext Brussels listed companies 2 Grant Thornton Corporate Governance Review Contents Contents 3 Foreword 5 Executive summary 7 PART I - Legally binding provisions 11 1. Corporate Governance Statement 12 2. Remuneration committee 17 3. Remuneration report 19 4. Audit committee – Legal requirements 22 PART II - Results corporate governance code 25 5. Board of directors 26 6. Independence 28 7. Nomination committee 30 8. Audit committee – Code requirements 32 Appendix A - Survey methodology 37 Appendix B - List of companies 39 3 4 Grant Thornton Corporate Governance Review Foreword We are pleased to present the Another key factor in the corporate governance debate is the interest of the European Commission second annual publication in Grant and the impact this will have on corporate governance Thornton’s series of reviews of the legislation. The European Commission released a corporate governance disclosures consultation paper on an EU corporate governance of Belgian companies quoted on framework and is seeking submissions from interested parties. We may, therefore, see a single EU-wide the Euronext stock exchange. The corporate governance framework in the not so distant review examines the extent to which future. companies comply with regulatory Corporate governance is fundamentally about requirements. ensuring that key stakeholders, including the public, can have confidence in how business is conducted and This year’s report arrives at a time of turmoil for results are disclosed by public interest entities such Belgian listed companies. While the Belgian banking as listed companies, financial institutions and public sector was struggling for survival and stock markets sector organisations. -
September 2020 Introduction to Umicore We Are a Global Materials Technology and Recycling Group
Umicore Investor Presentation September 2020 Introduction to Umicore We are a global materials technology and recycling group One of three global A leading supplier of key The world’s leading leaders in emission control materials for rechargeable recycler of complex waste catalysts for light-duty and batteries used in electrified streams containing heavy-duty vehicles and transportation and portable precious and other for all fuel types electronics valuable metals 3 With a unique position in clean mobility materials and recycling Internal Plug-In Hybrid Combustion Engine Electric Vehicle Umicore provides: Umicore provides: Emission control catalysts Battery cathode materials and emission control catalysts Full Electric Vehicle Fuel cells Umicore provides: Umicore provides: Battery cathode materials Electro-catalyst and battery cathode materials Present across all drive trains and offering sustainable closed- loop services 4 Built on sound foundations Supportive Unique business Industry leader in megatrends & model sustainability legislation resource scarcity more stringent emission control electrification recyclingrecycling of the automobile We help improve air quality, make electrified transport possible and tackle resource scarcity 5 5 With a robust financial performance and a global presence Key figures (FY 2019) Adj. Revenues EBITDA € 3.4 bn € 753 m Adj. EBIT ROCE € 509 m 12.6% 40% - Europe Revenues* by Clean geography 14% - North America mobility and R&D Recycling 6% of 4% - South America 75% of revenues revenues 39% - Asia-Pacific -
Umicore Intends to Launch Squeeze-Out for Remainder of Agosi
Press release 3 February 2021 – 08:30 am CET Umicore intends to launch squeeze-out for remainder of Agosi shares Umicore has informed its listed subsidiary Allgemeine Gold- und Silberscheideanstalt AG (“Agosi”) that it intends to purchase the 8.8 % shares it does not yet own from Agosi’s minority shareholders through a merger squeeze-out in accordance with German law. To determine the cash compensation for Agosi’s minority shareholders, a valuation of Agosi will be carried out by an independent valuer appointed by Umicore and a court-appointed auditor. Following a squeeze-out and subsequent delisting, Umicore would have flexibility to consider strategic options for the Jewelry & Industrial Metals activities within Agosi. These activities perform well from a commercial and financial point of view and Umicore wants to explore the best conditions for their further development. Umicore expects that the merger squeeze-out would be resolved upon by the general meeting of Agosi in the second or third quarter of 2021. Note to the editor: Umicore acquired Agosi upon the acquisition of the Precious Metals Group (“PMG”) in 2003 and currently holds 91.2 % of its shares. Agosi shares are listed on the Munich Freiverkehr stock exchange. Agosi, headquartered in Pforzheim, Germany, has an international presence and offers the full precious metals cycle and other precious metals services for the jewelry and coin industries, as well as for various industrial applications in electrical engineering, in automotive, in the chemical industry and in medical technology. Agosi’s activities are integrated in Umicore’s Jewelry & Industrial Metals business unit and one Agosi subsidiary is part of Umicore’s Electroplating business unit. -
Elia Group Full Year 2020 Results
Elia Group Full Year 2020 Results Wednesday, 3rd March 2021 Transcript produced by Global Lingo London – 020 7870 7100 www.global-lingo.com Elia Group Full Year 2020 Results Wednesday, 3rd March 2021 Elia Group Full Year 2020 Results Marleen Vanhecke: Good morning, ladies and gentlemen. Thank you for participating in our livestreamed event, which is being broadcast from a corona-proof studio in Brussels. It would have been nicer to meet you in person, of course, but the lockdown measures have forced us to present our full year results in another format. The setup is different, but we will keep you just as informed as we normally would. What hasn't changed are today's speakers. Elia Group is represented by Catherine Vandenborre, CFO, and by Chris Peeters, CEO, both in good health, as you can see. Today's programme is as follows. First, we will give you an overview of the headlines from 2020. We will talk with Chris Peeters about the acceleration of the energy transition and how Elia Group is managing it. Catherine Vandenborre will then present the financial results. And finally, we will present our conclusion and an outlook on the years to come. Before we start, I would like to present a disclaimer for today's presentation as mentioned on the title page. You must read the disclaimer before we can continue. I suppose you have all done it by now. Am I right? So let's immediately go to the first question for Chris. Marleen Vanhecke: Chris, looking back at 2020, it's impossible to avoid the corona crisis, of course. -
Eco-Innovation Observatory Thematic Report on Water
Eco-innovation in Belgium EIO Country Profile 2011 Eco-Innovation Observatory The Eco-Innovation Observatory functions as a platform for the structured collection and analysis of an extensive range of eco-innovation information, gathered from across the European Union and key economic regions around the globe, providing a much-needed integrated information source on eco-innovation for companies and innovation service providers, as well as providing a solid decision-making basis for policy development. The Observatory approaches eco-innovation as a persuasive phenomenon present in all economic sectors and therefore relevant for all types of innovation, defining eco-innovation as: “Eco-innovation is any innovation that reduces the use of natural resources and decreases the release of harmful substances across the whole life-cycle”. To find out more, visit www.eco-innovation.eu Any views or opinions expressed in this report are solely those of the authors and do not necessarily reflect the position of the European Commission. EIO Country Brief: Belgium 2011 1 Eco-Innovation Observatory Country Profile 2011: Belgium Author Asel Doranova Coordinator of the work package Technopolis Group Belgium Acknowledgments The document has been prepared with the kind support of the representatives of the Belgian federal and regional authorities, namely: Mr Jean-Roger Drèze, Federal Public Service for Health and Environment - DG5 ENV, Belgium Mr Laurence Onclinx, Attachée, Service Public de Wallonie, DGO3 "Agriculture, Ressources Naturelles et Environnement" (DGARNE), DPEAI - Direction de la Politique environnementale Mr Mathieu Quintyn, Direction de la Politique économique, Département de la Compétitivité et de l'Innovation, Service Public de Wallonie - DGO 6 Économie, Emploi et Recherche A note to Readers Any views or opinions expressed in this report are solely those of the authors and do not necessarily reflect the position of the European Commission. -
UMICORE SA (GROUP) Brussels - Belgium | Manufacture of Basic Precious and Other Non- 2020 Ferrous Metals Significant Operations in at Least One Risk Country
EcoVadis Scorecard www.ecovadis.com UMICORE SA (GROUP) Brussels - Belgium | Manufacture of basic precious and other non- 2020 ferrous metals Significant operations in at least one risk country Publication date: 24 Jul 2020 Valid until: 24 Jul 2021 CSR Performance Insufficient Partial Moderate Advanced Outstanding Average score OVERALL SCORE ENVIRONMENT LABOR & HUMAN ETHICS SUSTAINABLE RIGHTS PROCUREMENT 73 /100 80 /100 80 /100 60 /100 60 /100 99th Weight Weight Weight Weight percentile Overall score distribution Theme score comparison 100 UMICORE SA (GROUP) ENVIRONMENT LABOR & HUMAN 100% 80 73 RIGHTS 60 75% 40 20 50% 50.36 41.55 25% 0% 4.36 3.74 SUSTAINABLE ETHICS 0 0 25 45 65 85 100 PROCUREMENT All companies assessed by EcoVadis in this industry UMICORE SA (GROUP) score All companies assessed by EcoVadis in this industry Strengths and Improvement Areas Environment Weight Strengths (38) Policies Strengths Quantitative objectives set on some relevant issues [i.e. GHG emissions, water] Comprehensive policy on a majority of environmental issues Endorsement of external initiative on environmental issues [i.e. The International Platinum Group Metals Association (IPA), Eurometaux, CIRAF, Fachvereinigung Edelmetalle] Actions Strengths Company-specific emergency preparedness and response procedure regarding local pollution Measures to minimize odor generation in rendering plant operations Control measures to monitor and/or prevent contamination of groundwater Measures to reduce CO2 emissions from transport Formalized procedure related to materials / chemicals management (e.g. storing, handling, transportation) Purchasing of renewable energy Registration of substances to the ECHA Reuse by-products from the process as raw materials or as raw material substitutes in other processes Monitoring of pollutant concentrations into waste gas (e.g. -
Investor Presentation June 2021
Umicore Investor Presentation June 2021 Introduction to Umicore We are a global materials technology and recycling group One of three global A leading supplier of key The world’s leading leaders in emission control materials for rechargeable recycler of complex waste catalysts for light-duty and batteries used in electrified streams containing heavy-duty vehicles and transportation and portable precious and other for all fuel types electronics valuable metals 3 With a unique position in clean mobility materials and recycling Internal Plug-In Hybrid Combustion Engine Electric Vehicle Umicore provides: Umicore provides: Emission control catalysts Battery cathode materials and emission control catalysts Full Electric Vehicle Fuel cells Umicore provides: Umicore provides: Battery cathode materials Electro-catalyst and battery cathode materials Present across all drive trains and offering sustainable closed- loop services 4 Built on sound foundations Supportive Unique business Industry leader in megatrends & model sustainability legislation resource scarcity more stringent emission control electrification recyclingrecycling of the automobile We help improve air quality, make electrified transport possible and tackle resource scarcity 5 5 Unique position in Automotive Catalysts CATALYSIS Strong growth drivers: Umicore best positioned to Tightening emission norms for capture growth in growing LDV and HDD, in particular in gasoline segment; technology China, Europe and India leader in cGPF platforms in China and Europe Significant value uplift -
Colruyt Group Increases Stake in Holding That Includes Fashion Retailer ZEB
PRESS RELEASE - Halle (Belgium) – 3 September 2020 (17h45 CET) Colruyt Group increases stake in holding that includes fashion retailer ZEB On 3 September 2020 Colruyt Group increased its stake in Fraluc Group from 68% to over 96%. Fraluc is the holding that includes the fashion retail chains ZEB, PointCarré, The Fashion Store and ZEB For Stars. The management teams of the respective companies remain unchanged. On 21 June 2014 Colruyt Group acquired a 50% stake in the Belgian fashion retailer ZEB through the company Fraluc NV. As part of the agreement, the management agreed to grant put and call options, enabling Colruyt Group to gain control over ZEB via Fraluc NV. In the meantime, ZEB has continued to develop within the Fraluc Group, which also comprises PointCarré, The Fashion Store and ZEB For Stars. At the end of the financial year 2019/20, Colruyt Group held 68% of the Fraluc Group shares. On 3 September 2020, Colruyt Group and Fraluc Group's management entered into an agreement to increase Colruyt Group's stake in Fraluc Group to over 96%. The management remains on board in its current composition. The parties agreed not to disclose any details on the terms of the transaction. The transaction is subject to approval by the Belgian Competition Authority (BCA), which is expected to be obtained in the coming weeks. Following approval by the BCA, the stake held in Fraluc Group will be fully consolidated as a subsidiary of Colruyt Group and no longer be accounted for as a joint venture using the equity method. Contacts For questions on this press release or for further information, please contact us as follows: Journalists: Silja Decock (Press Officer) Tel. -
Umicore 2020 FY Presentation
Umicore FY 2020 performance 11 February 2021 Overview Highlights 2020 2021 outlook Maintaining strategic course while responding effectively to COVID-19 crisis 2020 business review 2020 financial review Wrap-up Q&A Umicore FY 2020 performance 2 Highlights 2020 Record earnings in unprecedented conditions ENERGY & SURFACE CATALYSIS TECHNOLOGIES RECYCLING Significant impact of pandemic Impact of pandemic on several end-markets Record performance with a on automotive market in H1 nearly doubling of adj. EBIT Umicore disproportionately Excluding impact of excess YoY, reflecting strong growth exposed to market recovery in inventories, Umicore’s EV across all business units H2 due to strong position in cathode materials volumes grew gasoline for LDV broadly in line with EV battery Exceptional metal price demand environment Strict cost management and operational excellence Adj. EBIT reflecting underutilized High activity levels despite initiatives capacity and pricing pressure in COVID-19 crisis and favorable China, as well as costs related to trading conditions recent and ongoing expansions Umicore FY 2020 performance 3 2021 outlook 2021 outlook Umicore expects to achieve substantial growth in earnings in 2021, with growth in all business Groups Given the current limited visibility, this outlook statement is made under the assumption that the ongoing COVID-19 outbreak would not result in additional material or protracted disruptions to the economy or Umicore’s operations CATALYSIS ENERGY & SURFACE RECYCLING TECHNOLOGIES Substantial growth in sales volumes of Favorable metal prices Further benefit from leading edge cathode materials for EVs technology offering in gasoline Supportive supply mix and applications for LDV in China and Persisting Chinese overcapacity and moderate volume growth in Europe pricing pressure Precious Metals Refining Initial impact of China VI legislation Some € 50m increase in fixed costs in If current elevated metal price for HDD applications Rechargeable Battery Materials levels were to prevail throughout the year, Adj. -
Purpose & Patience
PURPOSE & PATIENCE We aspire to be the preferred partner of entrepreneurs and families who lead growing companies by backing them with patient capital and supportive advice — Q1 2020 Edition — OUR MISSION Our goal at Sofina is to create economic value with a human approach We believe that the entrepreneurial spirit that characterises many family businesses and growth companies is a source of progress. By supporting these entrepreneurs and innovators, we intend to contribute to global growth, development and innovation. We believe entrepreneurs become successful by being competitive in a globalised market Our mission is to provide patient capital, expertise and advice to growing companies led by entrepreneurs and families. We aspire to be their preferred partner, and have a long-term horizon that few other investors can match. Our heritage and culture are what make us unique We put human relationships at the heart of what we do. All our investments are stories of shared values, friendships and ambitious projects with talented entrepreneurs and their management teams. By continuously working in this way, we aspire to become the preferred investment partner of those sharing our beliefs and vision. 2 SOFINA - PURPOSE & PATIENCE OUR MISSION 3 KEY FIGURES Highlights EUR 7.63 BN GLOBAL SHAREHOLDERS’ EQUITY REACH A FAMILY RUN 3 US EUROPE ASIA AND CONTROLLED COMPLEMENTARY Change over the last 20 INVESTMENT COMPANY INVESTMENT years (2) STYLES 8.00 7.00 6.00 5.00 FOUR FOCUS 4.00 SECTORS Long-term minority 3.00 investments 2.00 1.00 43% OF SHAREHOLDERS’ EQUITY (1) Offices in Brussels, 0 Luxembourg and Singapore Consumer and Retail 1999 2019 Sofina Private Funds – Investments in venture and growth capital funds Digital Transformation 31% OF SHAREHOLDERS’ EQUITY (1) Roots going back 26 Sofina Growth – Investments in Education investment fast-growing businesses professionals 120+ YEARS across our 20% OF SHAREHOLDERS’ EQUITY (1) 3 offices Healthcare (1) Considering the portfolio in transparency. -
IEA: the Role of Critical Minerals in Clean Energy Transitions
The Role of Critical Minerals in Clean Energy Transitions World Energy Outlook Special Report INTERNATIONAL ENERGY AGENCY The IEA examines the full spectrum of IEA member countries: Spain energy issues including oil, gas and Australia Sweden coal supply and demand, renewable Austria Switzerland energy technologies, electricity Belgium Turkey markets, energy efficiency, access to Canada United Kingdom energy, demand side management Czech Republic United States and much more. Through its work, the Denmark IEA advocates policies that will Estonia IEA association countries: enhance the reliability, affordability Finland Brazil and sustainability of energy in its 30 France China member countries, 8 association Germany India countries and beyond. Greece Indonesia Hungary Morocco Please note that this publication is Ireland Singapore subject to specific restrictions that Italy South Africa limit its use and distribution. The Japan Thailand terms and conditions are available Korea online at www.iea.org/t&c/ Luxembourg Mexico This publication and any map included herein are Netherlands without prejudice to the status of or sovereignty New Zealand over any territory, to the delimitation of international frontiers and boundaries and to the Norway name of any territory, city or area. Poland Portugal Slovak Republic Source: IEA. All rights reserved. International Energy Agency Website: www.iea.org The Role of Critical Minerals in Clean Energy Transitions Foreword Foreword Ever since the International Energy Agency (IEA) was founded in world to anticipate and navigate possible disruptions and avoid 1974 in the wake of severe disruptions to global oil markets that damaging outcomes for our economies and our planet. shook the world economy, its core mission has been to foster secure This special report is the most comprehensive global study of this and affordable energy supplies. -
Ets Fr. COLRUYT SA Limited Liability Company Edingensesteenweg 196 – 1500 Halle Company Number: 0400.378.485
PRESS RELEASE - Halle (Belgium), 18/12/2015 - Regulated information – Declaration of transparency Ets Fr. COLRUYT SA Limited Liability Company Edingensesteenweg 196 – 1500 Halle Company number: 0400.378.485 Structure of the shareholdership of the Ets Fr. Colruyt S.A. according to the latest transparency notifications of 17/12/2015 In the framework of the law of 2 May 2007 and the Royal decree of 14 February 2008 (publication of the important participations in the companies listed on the stock exchange) we received an updated notification of the participation of the Colruyt family, Sofina Group and Colruyt Group on 17/12/2015. On 13 July 2015 D.I.M. NV, H.I.M. NV, H.I.M. Drie NV, D.H.A.M. NV and KORYS NV were merged. As a result, all Colruyt shares held by these companies are now owned by KORYS NV and KORYS NV has crossed the 45% threshold . 7.500.000 treasury shares were cancelled on 17/12/2015. Hence, the 'Colruyt treasury shares purchased' rate was updated and the number of treasury shares purchased by Colruyt Group has dropped below the 5% threshold. The new denominator of 149.609.386 shares takes into account the cancellation of 7.500.000 treasury shares and the capital increase reserved for employees, for which 472.883 new shares were issued on 17/12/2015. The company has no knowledge of other agreements between shareholders. The legal thresholds per 5% portion apply.. I. Colruyt family and relatives Number % 1. Stichting Administratiekantoor Cozin 0 0,00 2. Colruyt family 9.127.879 6,10 3.