Introduction

»Performance« covers the pool of funds available through both financing and sales to produce goods and provide services. Moreover, Performance includes knowledge-based intangibles used and created by the company and its partners: intellectual property (e.g., patents, trademarks, copyrights, software, rights, an­d licenses) and »orga­nizational capital« (e.g., tacit knowledge, systems, procedures, and protocols). In addition, Performance covers physical objects owned by the company (e.g., buildings, equipment, and products).

Nine material topics are related to »Performance.« Six of these material topics address the company’s overall performance: »Business Growth and Prof­it­a­bility,« »Engaging in Growing and Emerging Markets,« »Corporate Governance,« »Risk and Crisis Management,« »Business Ethics and ComplianceComplianceCompliance is a key element of Corporate Governance. It refers to compliance with the law and directives as well as with company codes and ethical business practices and behaviors.View entire glossary ,« and »Supply Chain Resiliency.« Three material topics relate to Clariant’s products and technologies: »­Innovation and Technological Advances,« »Product Stewardship,« and »Growth Opportunities from Sustainable Products and Solutions.«

PERFORMANCE OVERVIEW

    Continuing operations   Discontinued operations   Total 2021   2020 1
Sales (in CHF m)   4 372   912   5 284   5 190
EBITDAEBITDAEarnings before interest, taxes, depreciation, and amortization.View entire glossary (in CHF m)   708   114   822   1 382
EBITDAEBITDAEarnings before interest, taxes, depreciation, and amortization.View entire glossary before exceptional items (in CHF m)   760   138   898   771
EBITDAEBITDAEarnings before interest, taxes, depreciation, and amortization.View entire glossary margin (%)   16.2   12.5   15.6   26.6
EBITDAEBITDAEarnings before interest, taxes, depreciation, and amortization.View entire glossary margin before exceptional items (%)   17.4   15.1   17.0   14.9
EBITEBITEarnings before interest and taxes.View entire glossary (in CHF m)   440   113   553   1 102
EBITEBITEarnings before interest and taxes.View entire glossary before exceptional items (in CHF m)   493   137   630   502
Net result (in CHF m)   292   81   373   825
Basic earnings per share (in CHF)   0.81   0.23   1.04   2.38
Diluted earnings per share (in CHF)   0.81   0.23   1.04   2.37
Operating cash flow (in CHF m)   n.a.   n.a.   363   369
Return on invested capital (ROIC) (%)   9.9           7.4 2
Investment in property, plant, and equipment (in CHF m)           357   288
Personnel expenditures (in CHF m) 4   933   133   1 066   1 264
Total assets (in CHF m)           7 038   6 932
Equity (in CHF m)           2 544   2 416
Equity ratio (%)           36.10   34.90
Net debt (in CHF m)           1 535   1 040
GearingGearingGearing is an indicator of the indebtedness of a company and reflects a company’s ratio of long-term debt to equity capital.View entire glossary (%)           60.0   43.0
Growth through innovation (%) 5   >3.5   n.a.   n.a.   >1.5 6
Research & Development expenditures (in CHF m)   155   12   167   195 6
R&D spend of sales (%)   3.5   1.3   3.2   3.8 6
Patents (year-end)   >4 900   >200   >5 100   >5 400 6
Active innovation projects   325   n.a.   n.a.   350 6
Of which Class 1 Projects with double-digit million sales potential or of strategic relevance   65   n.a.   n.a.   55 6
Scientific collaborations   80   n.a.   n.a.   100 6
Clariant Innovation Centers 7   3   n.a.   n.a.   n.a.
Research & Development Centers and dedicated Technology Centers 7   10   n.a.   n.a.   8
Technical Centers   45   n.a.   n.a.   50
Production (in m t)   4.33   0.10   4.43   4.10 8
Production sites   67   12   79   126
Countries with production facilities   26   10   27   39
Raw material procurement (in CHF m)   1 859   493   2 352   2 027
Raw materials procured (in m t)   3.49   0.18   3.67   2.92
Raw material supply spend covered by sustainability evaluations (%)   86.63   88.18   86.94   84.40
1 Restated
2 Continuing operations
3 Defined as (cash generated from operating activities – capex)/EBITDAEBITDAEarnings before interest, taxes, depreciation, and amortization.View entire glossary
4 Including own employees and external staff
5 Contains the contribution to growth of the innovation portfolio from both Top Line Innovation and Life Cycle Innovation. Potential cannibalization of existing sales by Life Cycle Innovation has not been excluded.
6 Excluding Business Unit MasterbatchesMasterbatchesThese are plastic additives in the form of granules with dyestuffs or other additives used to dye or alter the properties of natural plastic.View entire glossary
7 The categories of R&D-related sites were reorganized in 2021 due to changes in Clariant's R&D landscape after, e.g., divestments.
8 First half year 2020 data for Business Unit MasterbatchesMasterbatchesThese are plastic additives in the form of granules with dyestuffs or other additives used to dye or alter the properties of natural plastic.View entire glossary are estimated based on the last full reporting campaign in 2017.