Incotec Acquisition Cultivating profitable growth Innovation you - - PowerPoint PPT Presentation

Innovation you can build on™

Incotec Acquisition

Cultivating profitable growth

Innovation you can build on™

Acquisition snapshot

• Croda has agreed to acquire Incotec Group BV for €155 million

(£109 million)

• Incotec turnover for the year ended 30 September 2015 was €71 million*

(+15% CAGR 2007-2015)

• Incotec will retain its independent and strong brand to operate as part of

Croda’s Crop Care business

• Acquisition will be 100% debt financed

Incotec is an independent world leader of innovative seed enhancement technologies, headquartered in Enkhuizen, The Netherlands

* unaudited

Innovation you can build on™

Who is Incotec?

• Incotec is an independent world leader of innovative seed enhancement

technologies, headquartered in Enkhuizen, The Netherlands

• Market leader in high value-added vegetable seed enhancement
• Emerging global platform in field crops

Innovation you can build on™

Where is Incotec?

Headquartered in The Netherlands, since becoming a standalone business in 1989, Incotec has a truly global footprint and is present in all critical geographic locations

Innovation you can build on™

What does Incotec do?

Upg Upgrad ading Prim imin ing Fil Film c coatin ing En Encr crusting & & Pelle lleti ting Applicat ation n

• f

f ac actives & & addi additives Anal nalytical and and R&D s &D services Dis isin infectio ion

Seed eed r rel elated Environmen ent r related ed

Optimising performance traits Information for optimal

• n-site cultivation

Fast, uniform, complete germination & emergence Guaranteed free of diseases / pathogens Maximising stress tolerance & growth potential Optimised handling, plantability, shelf life, aesthetics Optimised efficacy of applied actives and additives for disease and pest control and/or growth promotion

Innovation you can build on™

Trends driving seed enhancement

Growing population, declining availability of arable land Increasing regulatory pressure Yield optimisation Precision Farming Sustainability

Seed enhancement is a niche, high value, fast growing sector

• f the market

Cultivating profitable growth

Innovation you can build on™

Croda and Incotec, a powerful combination

Cultivating profitable growth by:

• Utilising Croda’s global infrastructure
• Combining our extensive R&D and formulation

expertise

• Enhancing customer intimacy
• Combining Croda’s Field Crop relationships with

Incotec’s Vegetable Seed leadership

• Investing in untapped growth opportunities
• Sharing best practice