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Akzonobel Report 2016 Akzonobel at a Glance Our Businesses AkzoNobel Report 2016 Report 16 WorldReginfo - 86a9b3f7-8a09-4b0e-8f17-02e788c61afc AkzoNobel at a glance Our businesses Key regions (by 2016 revenue) North America Mature Europe Emerging Europe Asia Pacific 17% 36% 7% 27% Decorative Paints Performance Coatings Specialty Chemicals Whether our customers are professional We’re a leading supplier of performance As a major producer of specialty chemicals decorators or keen DIY-ers, they want great coatings with strong product technologies with leadership positions in markets such as paint that gives a great finish. We supply a and brands. Our high quality products surfactants, polymer chemistry, pulp large variety of quality products for every are used by customers across the world processing and chlor-alkali, we make sure situation and surface, including paints, to protect and enhance everything from that industries worldwide are supplied with lacquers and varnishes. We also offer a ships, cars, aircraft, yachts and architectural high quality ingredients and process aids for range of mixing machines, color concepts components (structural steel, building the manufacture of life’s essentials. and training courses for the building and products, flooring) to consumer goods renovation industry, while our specialty (mobile devices, appliances, beverage cans, Main business operations: coatings for metal, wood and other critical furniture) and oil and gas facilities. • Functional Chemicals (including Ethylene building materials lead the market. and Sulfur Derivatives and Polymer €14.2 billion revenue Main business operations: Chemistry) Main business operations: • Automotive and Specialty Coatings • Industrial Chemicals • Decorative Paints Europe, • Marine and Protective Coatings • Pulp and Performance Chemicals Middle East and Africa • Industrial and Powder Coatings • Surface Chemistry €1,502 million EBIT • Decorative Paints Asia • Decorative Paints Latin America Brands include Awlgrip, International, Brands include AkzoNobel, Biostyle, Interpon and Sikkens. Dissolvine, Ecosel, Eka, Expancel, Jozo, €3.87 earnings per share Brands include Coral, Dulux, Flexa, Kromasil and Levasil. Hammerite, Sadolin and Sikkens. Some of our customers: Airbus, Boeing, Bosch, Dell, IKEA, Mercedes-Benz, Philips, Some of our customers: BASF, Bayer, Dow, Some of our customers: consumers, paint Samsung, Shell and Whirlpool. GE, Huntsman, Momentive, Monsanto, P&G, 80+ countries distributors around the world and large retail Shin-Etsu, Stora Enso and Unilever. outlets such as B&Q, Leroy Merlin and OBI. 46,000 employees Decorative Paints 2016 revenue breakdown by Performance Coatings 2016 revenue breakdown Specialty Chemicals 2016 revenue breakdown end-user segment in % by end-user segment in % by end-user segment in % D A A C D B C B Latin America Other regions A 9% 4% A Buildings and Infrastructure 100 A Buildings and Infrastructure 25 A Buildings and Infrastructure 21 B Transportation 0 B Transportation 39 B Transportation 6 C Consumer Goods 0 C Consumer Goods 21 C Consumer Goods 28 D Industrial 0 D Industrial 15 D Industrial 45 WorldReginfo - 86a9b3f7-8a09-4b0e-8f17-02e788c61afc Our businesses Strategic Strategic performance Asia Pacific 27% Decorative Paints Performance Coatings Specialty Chemicals Whether our customers are professional We’re a leading supplier of performance As a major producer of specialty chemicals decorators or keen DIY-ers, they want great coatings with strong product technologies with leadership positions in markets such as Business performance paint that gives a great finish. We supply a and brands. Our high quality products surfactants, polymer chemistry, pulp large variety of quality products for every are used by customers across the world processing and chlor-alkali, we make sure situation and surface, including paints, to protect and enhance everything from that industries worldwide are supplied with lacquers and varnishes. We also offer a ships, cars, aircraft, yachts and architectural high quality ingredients and process aids for range of mixing machines, color concepts components (structural steel, building the manufacture of life’s essentials. and training courses for the building and products, flooring) to consumer goods renovation industry, while our specialty (mobile devices, appliances, beverage cans, Main business operations: coatings for metal, wood and other critical furniture) and oil and gas facilities. • Functional Chemicals (including Ethylene building materials lead the market. and Sulfur Derivatives and Polymer Leadership Main business operations: Chemistry) Main business operations: • Automotive and Specialty Coatings • Industrial Chemicals • Decorative Paints Europe, • Marine and Protective Coatings • Pulp and Performance Chemicals Middle East and Africa • Industrial and Powder Coatings • Surface Chemistry • Decorative Paints Asia • Decorative Paints Latin America Brands include Awlgrip, International, Brands include AkzoNobel, Biostyle, Interpon and Sikkens. Dissolvine, Ecosel, Eka, Expancel, Jozo, Brands include Coral, Dulux, Flexa, Kromasil and Levasil. Hammerite, Sadolin and Sikkens. Some of our customers: Airbus, Boeing, Bosch, Dell, IKEA, Mercedes-Benz, Philips, Some of our customers: BASF, Bayer, Dow, compliance Some of our customers: consumers, paint Samsung, Shell and Whirlpool. GE, Huntsman, Momentive, Monsanto, P&G, andGovernance distributors around the world and large retail Shin-Etsu, Stora Enso and Unilever. outlets such as B&Q, Leroy Merlin and OBI. Decorative Paints 2016 revenue breakdown by Performance Coatings 2016 revenue breakdown Specialty Chemicals 2016 revenue breakdown end-user segment in % by end-user segment in % by end-user segment in % Financial D information A A C D B C B A A Buildings and Infrastructure 100 A Buildings and Infrastructure 25 A Buildings and Infrastructure 21 B Transportation 0 B Transportation 39 B Transportation 6 C Consumer Goods 0 C Consumer Goods 21 C Consumer Goods 28 D Industrial 0 D Industrial 15 D Industrial 45 statements Sustainability WorldReginfo - 86a9b3f7-8a09-4b0e-8f17-02e788c61afc DENIM DRIFT Color of the Year 2017 Scan and explore Our Report 2016 is enriched with Layar, an app for smartphones. It brings paper to life and gives you access to digital content. Step 1 Download the free Layar app via the App Store or Android Market. Step 2 Open the app and hold your smartphone above any page with the Layar icon. Step 3 Touch “tap” to view. Essential ingredients. Essential protection. Essential color. Step 4 The application will open on your phone. Enjoy! We create everyday essentials to make people’s lives more liveable and inspiring. Take a look at the cover image to get a sense of how we contribute to the things people see and use every day. Whether it’s sports equipment, stadiums, running shoes or outdoor spaces, we’re helping to create a protected, colorful and more sustainable world. Our Report 2016 is also available online: Interactive print Download the free Scan the page Discover www.akzonobel.com/report Layar app interactive content WorldReginfo - 86a9b3f7-8a09-4b0e-8f17-02e788c61afc “In a year of record profitability profitability “In ayearofrecord benefit from products andexpertisesuppliedbyAkzoNobel. products benefit from Kampung Kampus.The new eco-sitewillbefocusedonsustainableliving andcommunitybuildingwill Initiative’s toannouncealong-termpartnershipwiththe Ground-Up Büchner visitedSingapore CEO Ton and ExecutiveCommittee ofManagement CEO andChairmanoftheBoard Büchner Ton and return oninvestment, our brought tolife” brought liveableandinspiringwas more everyday purpose ofcreating essentials to make people’s lives essentials tomakepeople’s in terms of return onsales in termsofreturn Strategic Strategic performance Business performance Leadership Report compliance Governance andGovernance Financial information statements WorldReginfo - 86a9b3f7-8a09-4b0e-8f17-02e788c61afc Sustainability Featured content 2016 WAS A YEAR OF RECORD PROFITABILITY IN TERMS OF RETURN ON SALES AND RETURN ON INVESTMENT Giving Bringing CEO people that innovation A breath statement winning feeling to life of fresh air 8 12 14 64 2 WorldReginfo - 86a9b3f7-8a09-4b0e-8f17-02e788c61afc Contents Strategic Strategic performance AkzoNobel at a glance Cover flap How AkzoNobel performed in 2016 4 How AkzoNobel created value in 2016 6 CEO statement 8 Business performance Our purpose 10 Strategic performance 20 Business performance 54 Leadership 86 Governance and compliance 104 Financial information 130 Leadership Sustainability statements 188 Index 252 Financial calendar 253 Glossary 254 compliance Governance andGovernance Serving Financial Making our information shipping chemicals more customers sustainable in China 74 84 statements Sustainability WorldReginfo - 86a9b3f7-8a09-4b0e-8f17-02e788c61afc How AkzoNobel performed in 2016 Financial guidance 9-11% 13-16.5% Return on sales (ROS) Return on investment (ROI) Achieve return on sales Achieve return on investment (EBIT/revenue) of (EBIT/average invested capital) of 9-11 percent for 2016-2018 13-16.5 percent for 2016-2018 2016 progress 10.6% 15.0% Indicates a positive development Indicates a flat/negative development 4 How AkzoNobel performed in 2016 | AkzoNobel Report 2016 WorldReginfo - 86a9b3f7-8a09-4b0e-8f17-02e788c61afc Strategic Strategic performance Sustainability targets Business performance 20% 25-30% REI Eco-premium solutions Carbon emissions Resource Efficiency Index Leadership Increase revenue from Reduce our carbon emissions Monitor gross margin divided by
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