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Q2 Quarterly Financial Report April Through June 2016 Half-Year

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Q2 Quarterly Financial Report April Through June 2016 Half-Year Quarterly financial report April through June 2016 Q2 Half-year financial report 2 Financial highlights / Contents Henkel financial report second quarter / first half year 2016 Henkel: Financial highlights in million euros 1 Q2/2015 Q2/2016 + / – 1–6/2015 1–6/2016 + / – Sales 4,695 4,654 – 0.9 % 9,125 9,110 – 0.2 % Laundry & Home Care 1,314 1,345 2.4 % 2,612 2,678 2.5 % Beauty Care 1,006 988 – 1.8 % 1,946 1,938 – 0.4 % Adhesive Technologies 2,343 2,290 – 2.3 % 4,503 4,433 – 1.5 % Operating profit (EBIT) 715 757 5.8% 1,363 1,474 8.1 % Adjusted 2 operating profit (EBIT) 768 819 6.6 % 1,475 1,570 6.4 % Return on sales (EBIT) in percent 15.2 16.3 1.1 pp 14.9 16.2 1.3 pp Adjusted 2 return on sales (EBIT) in percent 16.4 17.6 1.2 pp 16.2 17.2 1.0 pp Net income 531 572 7.7 % 1,013 1,110 9.6 % Attributable to non-controlling interests 10 11 10.0 % 22 24 9.1 % Attributable to shareholders of Henkel AG & Co. KGaA 521 561 7.7 % 991 1,086 9.6 % Earnings per preferred share in euros 1.20 1.30 8.3 % 2.29 2.51 9.6 % Adjusted 2 earnings per preferred share in euros 1.29 1.40 8.5 % 2.47 2.67 8.1 % Return on capital employed (ROCE) in percent 19.5 20.7 1.2 pp 18.8 20.1 1.3 pp pp = percentage points 1 Calculated on the basis of units of 1,000 euros; figures commercially rounded. 2 Adjusted for one-time charges/gains and restructuring charges. Contents 3 Highlights second quarter 2016 32 Selected explanatory notes 4 Major events 39 Independent review report 4 Share performance 40 Responsibility statement 6 Report second quarter 2016 41 Report of the Audit Committee 16 Financial report first half year 2016 of the Supervisory Board 23 Subsequent events 42 Multi-year summary 24 Outlook 43 Contacts / Credits 26 Interim consolidated financial statements 43 Financial calendar Henkel financial report second quarter / first half year 2016 Highlights 3 Highlights second quarter 2016 Key financials 4,654 million euros + 3.2 % sales organic sales growth + 5.3 % Laundry & Home Care + 2.1 % Beauty Care + 2.6 % Adhesive Technologies 757 million euros 819 million euros / + 6.6 % operating profit (EBIT) adjusted 1 operating profit (EBIT) / year-on-year increase 1.30 euros 1.40 euros / + 8.5 % earnings per preferred share (EPS) adjusted 1 earnings per preferred share (EPS) / year-on-year increase 561 million euros 17.6 % net income attributable to shareholders of adjusted 1 return on sales (EBIT): Henkel AG & Co. KGaA up 1.2 percentage points 18.1 % Laundry & Home Care 17.4 % Beauty Care 18.6 % Adhesive Technologies 5.3 % net working capital in percent of sales Key facts Strong organic sales growth in Excellent increase in adjusted emerging markets. return on sales (EBIT). Adjusted earnings per preferred share Acquisition of The Sun Products with high single-digit growth. Corporation in the USA signed. 1 Adjusted for one-time charges (22 million euros) / one-time gains (1 million euros) and restructuring charges (41 million euros). 4 Major events / Share performance Henkel financial report second quarter / first half year 2016 Major events Share performance You will find our annual On April 11, 2016, the Annual General Meeting of The share indices relevant to Henkel declined reports, our quarterly Henkel AG & Co. KGaA approved a dividend of slightly in the second quarter of 2016. The DAX financial reports, the lat- est data on Henkel’s 1.45 euros per ordinary share and 1.47 euros per closed at 9,680 points, a decrease of 2.9 percent. shares and also news, preferred share. The payout ratio was therefore The EURO STOXX® Consumer Goods Index also reports and presenta- 30.2 percent of net income after non-controlling fell, recording a decline of 2.6 percent. tions relating to the com- pany, on our Investor interests and adjusted for exceptional items. Relations website: In contrast, the price of Henkel preferred shares www.henkel.com/ir On May 1, 2016, Hans Van Bylen became Chairman increased by 13.1 percent in the second quarter of of the Management Board of Henkel. He succeeds 2016, from 96.90 euros to 109.55 euros. The price Kasper Rorsted, who left the company on April 30 after of our ordinary shares also increased, ending the serving eleven years on the Henkel Management period up 12.2 percent at 96.87 euros. Board. Pascal Houdayer succeeded Hans Van Bylen as Management Board member with responsibility for The preferred shares traded at an average premium the Beauty Care business unit on May 1, 2016. of 12.4 percent over the ordinary shares in the second quarter. On June 6 and 7, 2016, Henkel held its Investor and Analyst Day, now in its eighth year. The event took place this time at the Heidelberg site. Presenting under the theme “Lead to Outperform,” the interna- tional management team of the Adhesive Technologies business unit provided comprehensive information regarding its strategy, markets and businesses to attendees from the capital markets. On June 24, 2016, Henkel signed an agreement to acquire the laundry and home care company The Sun Products Corporation. The transaction is valued at around 3.2 billion euros including debt. The closing of the transaction is subject to regulatory approval and other customary closing conditions. Key data on Henkel shares, second quarter in euros Q2/2015 Q2/2016 Earnings per share Ordinary share 1.20 1.30 Preferred share 1.20 1.30 Share price at period end 1 Ordinary share 85.49 96.87 Preferred share 100.60 109.55 High for the period 1 Ordinary share 99.26 96.87 Preferred share 115.20 109.55 Low for the period 1 Ordinary share 85.49 85.63 Preferred share 100.60 95.94 Market capitalization 1 in bn euros 40.1 44.7 Ordinary shares in bn euros 22.2 25.2 Preferred shares in bn euros 17.9 19.5 1 Closing share prices, Xetra trading system. Henkel financial report second quarter / first half year 2016 Share performance 5 Performance of the Henkel shares versus market second quarter 2016 in euros (Henkel preferred share) all other figures indexed 120 Preferred share Preferred share March 31, 2016: June 30, 2016: 96.90 euros 109.55 euros 110 100 90 80 April May June Henkel preferred share Henkel ordinary share (indexed) EURO STOXX® Consumer Goods Index (indexed) DAX (indexed) Henkel share performance versus market January through June 2016 in euros (Henkel preferred share) all other figures indexed 120 Preferred share Preferred share December 30, 2015: June 30, 2016: 103.20 euros 109.55 euros 110 100 90 80 January February March April May June Henkel preferred share Henkel ordinary share (indexed) EURO STOXX® Consumer Goods Index (indexed) DAX (indexed) 6 Report second quarter 2016 Henkel financial report second quarter / first half year 2016 Business performance second quarter 2016 Report second quarter 2016 Business performance second quarter 2016 Key financials 1 in million euros Q2/2015 Q2/2016 +/– Sales 4,695 4,654 – 0.9 % Operating profit (EBIT) 715 757 5.8 % Adjusted 2 operating profit (EBIT) 768 819 6.6 % Return on sales (EBIT) 15.2 % 16.3 % 1.1 pp Adjusted 2 return on sales (EBIT) 16.4 % 17.6 % 1.2 pp Net income – attributable to shareholders of Henkel AG & Co. KGaA 521 561 7.7 % Adjusted 2 net income – attributable to shareholders of Henkel AG & Co. KGaA 558 607 8.8 % Earnings per preferred share in euros 1.20 1.30 8.3 % Adjusted 2 earnings per preferred share in euros 1.29 1.40 8.5 % pp = percentage points 1 Calculated on the basis of units of 1,000 euros; figures commercially rounded. 2 Adjusted for one-time charges/gains and restructuring charges. Results of operations unit was driven by both price and volume. The Adhesive Technologies business unit posted solid We generated sales of 4,654 million euros in the organic sales growth of 2.6 percent, which was also second quarter of 2016, which was slightly below mainly attributable to volume increases. the figure of the prior-year quarter due to negative foreign exchange effects of 5.3 percent. Nominally, Price and volume effects second quarter 2016 sales declined by 0.9 percent. Adjusted for foreign exchange, sales improved by 4.4 percent. Organically Organic of which of which in percent sales growth price volume (i.e. adjusted for foreign exchange and acquisitions/ Laundry & Home Care 5.3 1.0 4.3 divestments), sales increased by 3.2 percent. We Beauty Care 2.1 0.8 1.3 improved adjusted return on sales (EBIT) by 1.2 per- Adhesive Technologies 2.6 0.4 2.2 centage points to 17.6 percent. Compared to the Henkel Group 3.2 0.7 2.5 prior-year quarter, adjusted earnings per preferred share rose by 8.5 percent. The scope of our business activities and competitive Sales development 1 positions as described in our Annual Report 2015 on page 57 did not change materially in the second in percent Q2/2016 quarter of 2016. Change versus previous year – 0.9 Foreign exchange – 5.3 In order to adapt our structures to our markets and Adjusted for foreign exchange 4.4 customers, we spent 41 million euros on restructur- Acquisitions/divestments 1.2 ing (previous year: 29 million euros).
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