Business Wire

NY-IFF

15.4.2021 22:17:49 CEST | Business Wire | Press release

Share
IFF Presents “Learning Labs” Video Series to Demonstrate Potential of New Company

IFF (NYSE: IFF) today introduced a new “Learning Labs” video series, featuring in-depth discussions with the leadership of the company’s segments and R&D function. Each video provides a comprehensive overview of IFF’s robust portfolio and enhanced capabilities following its recently completed merger with DuPont’s Nutrition and Biosciences (“N&B”) business. The complete “Learning Labs” series can be found here: ir.iff.com/events-presentations . In addition, IFF has also provided segment-level financial detail based on 2020 pro forma results.

“As a global industry leader of high-value consumer ingredients, we are pleased to provide a closer look into our capabilities, operational model and future growth potential,” said Andreas Fibig, IFF Chairman and CEO. “Stakeholder communication remains essential to IFF’s continued growth, and since combining with N&B, we have continued to explore new ways to meaningfully connect with our investors. The insights shared through our ‘Learning Labs’ series and detail provided in our 2020 pro forma segment financials is a testament to our commitment to continued transparency and greater comparability to peers.”

IFF 2020 Pro Forma Segment-Level Financial Results

To accompany the “Learning Labs” video series, IFF has provided additional detail on the financial performance, including sales and adjusted EBITDA metrics, for each of the company’s four segments on a 2020 pro forma basis.

Welcome to IFF

At IFF (NYSE: IFF), an industry leader in food, beverage, scent, health and biosciences, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the beauty of art and the precision of science, we are an international collective of thinkers who partners with customers to bring scents, tastes, experiences, ingredients and solutions for products the world craves. Together, we will do more good for people and planet. Learn more at iff.com , Twitter , Facebook , Instagram , and LinkedIn .

International Flavors & Fragrances Inc.

2020 Pro Forma Combined Reporting Segments (1)(2)

(Dollars in millions)

 

Q1
2020 (3)

 

Q2
2020

 

Q3
2020

 

Q4
2020

 

Pro Forma
FY 2020 (excl.
N&B Jan.) (3)

 

Pro Forma
FY 2020 (4)

 

 

 

 

 

 

 

 

 

 

 

 

Nourish Pro Forma Sales

1,276

 

1,450

 

1,418

 

1,488

 

5,632

 

5,887

Nourish Pro Forma Adjusted Operating EBITDA

255

 

303

 

275

 

257

 

1,090

 

1,153

as % of Pro Forma Sales

20%

 

21%

 

19%

 

17%

 

19%

 

20%

 

 

 

 

 

 

 

 

 

 

 

 

Scent Pro Forma Sales

541

 

475

 

525

 

524

 

2,064

 

2,064

Scent Pro Forma Adjusted Operating EBITDA

118

 

87

 

118

 

93

 

416

 

416

as % of Pro Forma Sales

22%

 

18%

 

22%

 

18%

 

20%

 

20%

 

 

 

 

 

 

 

 

 

 

 

 

Health & Biosciences Pro Forma Sales

427

 

588

 

579

 

572

 

2,166

 

2,353

Health & Biosciences Pro Forma Adjusted Operating EBITDA

131

 

181

 

172

 

149

 

634

 

680

as % of Pro Forma Sales

31%

 

31%

 

30%

 

26%

 

29%

 

29%

 

 

 

 

 

 

 

 

 

 

 

 

Pharma Solutions Pro Forma Sales

152

 

224

 

215

 

188

 

779

 

839

Pharma Solutions Pro Forma Adjusted Operating EBITDA

42

 

62

 

61

 

38

 

203

 

216

as % of Pro Forma Sales

28%

 

28%

 

28%

 

20%

 

26%

 

26%

 

 

% Change in Sales - 2020 vs. 2019 (5)

 

 

Q1 (3)

 

Q2

 

Q3

 

Q4

 

 

Reported

Currency
Neutral

 

Reported

Currency
Neutral

 

Reported

Currency
Neutral

 

Reported

Currency
Neutral

Nourish

 

3%

5%

 

(4)%

(1)%

 

(5)%

(3)%

 

—%

1%

Scent

 

4%

7%

 

(6)%

—%

 

4%

9%

 

4%

6%

Health & Biosciences

 

8%

11%

 

(4)%

(2)%

 

(1)%

—%

 

1%

—%

Pharma Solutions

 

9%

11%

 

6%

7%

 

2%

1%

 

(2)%

(4)%

Total

 

4%

7%

 

(4)%

—%

 

(2)%

—%

 

1%

1%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pro Forma FY 2020
(excl. N&B Jan.) (3)

 

Pro Forma

FY 2020 (4)

 

 

 

 

 

 

 

 

Reported

Currency
Neutral

 

Reported

Currency
Neutral

 

 

 

 

 

 

Nourish

 

(2)%

—%

 

(2)%

—%

 

 

 

 

 

 

Scent

 

2%

5%

 

2%

5%

 

 

 

 

 

 

Health & Biosciences

 

—%

1%

 

—%

1%

 

 

 

 

 

 

Pharma Solutions

 

4%

3%

 

1%

1%

 

 

 

 

 

 

Total

 

—%

2%

 

(1)%

1%

 

 

 

 

 

 

_______________________

Note: Adjusted Operating EBITDA for each segment is defined as Income (Loss) Before Taxes before depreciation and amortization expense, interest expense, restructuring and other charges, net and certain non-recurring items. Additionally, all corporate expenses have been allocated to all of the reportable segments.

  1. The pro forma historical segment information has been presented for informational purposes only and is not necessarily indicative of what IFF's results of operations actually would have been, had the N&B transaction occurred on the dates indicated below. In addition, the pro forma historical segment information does not purport to project the future operating results of the Company.
  2. Dollar amounts may not foot due to rounding.
  3. The first quarter and Pro Forma FY 2020 (excl. N&B Jan.) show the combination of the historical results of IFF and N&B as if the N&B transaction had been consummated on February 1, 2020. Therefore, the first quarter and Pro Forma FY 2020 (excl. N&B Jan.) do not include the N&B business for the month of January 2020, which would allow comparability against the 2021 calendar year since the merger occurred on February 1, 2021. Total N&B Sales and Adjusted Operating EBITDA included in reportable segments for the month of January 2020 amounted to $502 million and $124 million, respectively.
  4. Pro Forma FY 2020 shows the combination of the historical results of IFF and N&B as if the N&B Transaction had been consummated on January 1, 2020. Therefore, Pro Forma FY 2020 includes a full twelve months of 2020 N&B and IFF results.
  5. Effective 2021, we calculate currency neutral growth by translating current year invoiced sale amounts at the average exchange rates used for the corresponding prior year period. Previously we calculated currency neutral numbers by comparing current year results to the prior year results restated at exchange rates in effect for the current year based on the currency of the underlying transaction.

Link:

ClickThru

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

“AI Realized Through Display” … Samsung Display Showcases AI-Optimized OLED Technologies at MWC262.3.2026 10:58:00 CET | Press release

Introducing “Flex Magic Pixel™,” a panel-integrated privacy technology enabled by low-power, high-brightness LEAD™… Essential smartphone privacy for the AI era’s surge in personalized data usage “Thinner and tougher”… Foldable OLED durability proven with a golf putting challenge “Create your own K-pop concert”… MR experience equipped with 5,000 PPI RGB OLEDoS draws major attention New concept “edge devices” incorporating Samsung Display OLED’s unique free-form, low-power and high-resolution technologies unveiled – including the companion robot concept “Mini PetBot” and the interior décor item “AI Toy House” Spain’s Park Güell tile mosaics recreated through displays using 6.8-inch OLED and 27-inch QD-OLED, highlighting high color reproduction and bezel-less technology Eric Kim, Executive Vice President and Head of Mobile Strategic Marketing: “In the AI era, displays will evolve from simple viewing screens into intelligent interfaces that understand and respond to users and their surroun

Medimaps Group and Radiobotics Announce Strategic Merger to Expand AI-Driven Musculoskeletal Imaging Portfolio2.3.2026 09:00:00 CET | Press release

Radiobotics to join Medimaps Group, creating a global provider of AI-driven musculoskeletal (MSK) medical imaging software The transaction is expected to close following receipt of Danish foreign direct investment (FDI) approval and other customary closing conditions Together, they will bridge the gap between preventative bone health and acute trauma diagnostics, offering an expanded portfolio across X-ray and DXA: Fracture detection, opportunistic bone fragility assessment, and fracture risk prediction The combined entity will have a commercial reach in 90 countries through a robust network of direct and partner channels Both organizations will maintain their established brands, supported by close R&D and commercial collaboration Medimaps Group S.A., a global leader in AI-driven bone microarchitecture imaging solutions, and Radiobotics ApS, a leader in AI-powered MSK radiology solutions, today announced that they have entered into a strategic merger agreement. Closing of the transacti

Takeda and Protagonist Announce U.S. Food and Drug Administration Accepts New Drug Application and Grants Priority Review for Rusfertide as a Potential First-in-Class Therapy for Polycythemia Vera2.3.2026 08:00:00 CET | Press release

Rusfertide Demonstrated Significant Improvements in Hematocrit Control, Phlebotomy Reduction and Patient Reported Outcomes for Patients with Polycythemia Vera in a Pivotal StudySubmission Primarily Based on Phase 3 VERIFY Study, in Which Rusfertide Plus Standard of Care More Than Doubled Clinical Response Rates, as Well as Four-Year Efficacy and Safety Data from Phase 2 REVIVE/THRIVE StudiesPrescription Drug User Fee Act (PDUFA) Target Action Date is in the Third Quarter of this Calendar Year Takeda (TSE:4502/NYSE:TAK) and Protagonist Therapeutics, Inc. (“Protagonist”) (NASDAQ:PTGX) today announced that the U.S. Food and Drug Administration (FDA) accepted the New Drug Application (NDA) and granted Priority Review for rusfertide. Rusfertide is an investigational, first-in-class hepcidin mimetic peptide therapeutic for the treatment of adults with polycythemia vera (PV). The FDA has set a Prescription Drug User Fee Act (PDUFA) goal date in the third quarter of this calendar year. In addi

Quectel Expands Mid-tier 5G Portfolio with New RedCap 3GPP Release 17 Variants2.3.2026 08:00:00 CET | Press release

Quectel Wireless Solutions, a global end-to-end IoT solutions provider, today announces the expansion of its 5G RedCap portfolio with the launch of the RM255C-GL for global markets and the RG255C-NA for the North America market, further strengthening its mid-tier 5G offering for worldwide deployments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260301754857/en/ Quectel expands mid-tier 5G portfolio with new RedCap 3GPP release 17 variants As 5G expands further into industrial and IoT domains, the need for solutions that combine strong performance with cost efficiency is becoming increasingly critical. Positioned between high-speed eMBB and narrowband NB-IoT, 5G RedCap (Reduced Capability) has emerged as the ideal technology to address this mid-tier connectivity gap. With a comprehensive product portfolio and global deployment expertise, Quectel enables a seamless transition for mid-speed IoT applications moving toward sca

Thales sets a world first in quantum-safe security for 5G networks2.3.2026 08:00:00 CET | Press release

Thales has successfully demonstrated a world-first innovation that prepares 5G networks for the age of quantum computing, marking a major milestone for the global telecommunications industry. The collaboration with a top tier mobile operator, showed that existing 5G SIM / eSIM cards already deployed in the field can be securely upgraded to quantum-safe protection, without disrupting service or impacting the customer experience. This Post-Quantum Cryptographic (PQC) breakthrough proves that mobile networks can evolve their security through crypto agility to address quantum cyber threats. Quantum computing has the potential to break today’s encryption methods in the future, putting mobile communications, personal data and critical infrastructure at risk. For telecom operators, this is not a distant theoretical issue: 5G networks underpin everything from smartphones and connected vehicles to emergency services, industry and national infrastructure. This press release features multimedia.

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye