2009 - Jaarverslag

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EBITA AND NET RESULTin millions of euros◾ Operating result before amortisation◾ Net resultREVENUES BY SECTORin millions of euros◾ Advanced Textiles & Composites◾ Geosynthetics & Grass◾ Other activities10896847260483624125404804203603002401801206002005 2006 2007 2008 200902005 2006 2007 2008 2009EBITA BY SECTORin millions of euros◾ Advanced Textiles & Composites◾ Geosynthetics & Grass◾ Other activitiesPER-SHARE DATAin millions of euros◾ Net result◾ Dividend72635445362718902.72.42.11.81.51.20.90.60.3– 92005 2006 2007 2008 20090.02005 2006 2007 2008 20092Royal Ten Cate
Financial highlights inmillions of euros unless stated otherwisePROFIT AND LOSS ACCOUNT 2009 2008Revenues 842.1 1,032.6Operating income before depreciation and amortisation (EBITDA) 75.4 126.1Operating result before amortisation (EBITA) 41.5 95.4Operating income before amortisation as % of revenues (EBITA margin) 4.9% 9.2%Operating result (EBIT) 32.7 83.8Net result 23.9 51.1Net result before divested operations and impairment 19.3 51.1CONSOLIDATED BALANCE SHEET AND RETURNNet capital employed (year-end) 620.9 746.6Return on average net capital employed 5.7% 13.4%Net interest bearing debt (year-end) 195.5 331.1CONSOLIDATED CASH FLOWCash flow from operating activities 144.8 48.7Investments less divestments of fixed assets – 12.9 – 35.2Free cash flow 131.9 13.5Balance of acquisition / disposal of operating companies and participating interests 3.3 – 88.1OUTSTANDING SHARES (X 1,000)Number of outstanding shares at year-end 25,068 23,967Weighted average number of shares (before dilution) 24,544 23,426Weighted average number of outstanding shares (after dilution) 24,616 23,495PER-SHARE DATANet result 0.97 2.18Net result before divested operations and impairment 0.79 2.18Diluted net result 0.97 2.17Diluted net result before divested operations and impairment 0.79 2.17Dividend per share 0.60 0.85Equity 15.19 15.31EMPLOYEESNumber of staff years at year-end 3,805 4,437– of which in the Netherlands 862 931* 2009: excluding income from the sale of Geofabrics, Permess Hong Kong and impairment.Annual Report 2009 3
Page 1 and 2: Royal Ten CateAnnual Report 2009Con
Page 3 and 4: COMMERCIAL OVERVIEWas at 1 January
Page 5: Annual Report 2009Royal Ten CatePro
Page 10 and 11: Corporate technology3D weavingThe T
Page 12 and 13: Vision, mission, strategy and objec
Page 14 and 15: TenCate technology overviewEND-USER
Page 16 and 17: The TenCate shareLISTINGThe TenCate
Page 18 and 19: ConnectedTenCate is a producer of m
Page 20 and 21: Report of the Supervisory BoardANNU
Page 22 and 23: REPORT OF THE SUPERVISORY BOARD◾
Page 24 and 25: ADVANCED ARMOURIn Europe demand has
Page 26 and 27: The Boards (as at 1 January 2010)EX
Page 28 and 29: PROTECTIVE FABRICSIn 2009 TenCate P
Page 30 and 31: REPORT OF THE EXECUTIVE BOARDAnalys
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Page 36 and 37: PROTECTIVE FABRICSProtective clothi
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Page 40 and 41: REPORT OF THE EXECUTIVE BOARD > Adv
Page 42 and 43: AEROSPACE COMPOSITESIn March 2009 A
Page 44 and 45: ADVANCED ARMOURPeace operations are
Page 46 and 47: GEOSYNTHETICSIn 2009 TenCate Geosyn
Page 48 and 49: REPORT OF THE EXECUTIVE BOARD > Geo
Page 54 and 55: innovative inkjet solutionsAs globa
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REPORT OF THE EXECUTIVE BOARD > Oth
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GEOSYNTHETICSTenCate GeoDetect ® i
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Corporate informationCORPORATE GOVE
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CORPORATE INFORMATIONSWOT ANALYSIST
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GRASSThe 100th Cruyff Court was ope
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CORPORATE INFORMATIONbodies, in par
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CORPORATE INFORMATIONWith regard to
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CORPORATE INFORMATIONCentral manage
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CORPORATE INFORMATIONthe reduction
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CORPORATE INFORMATIONSAFETYOur empl
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CORPORATE INFORMATIONResearch and d
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CORPORATE INFORMATIONSUSTAINABILITY
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SPACE COMPOSITESGalileo is the firs
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Corporate communicationIn October 2
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24 Share capital 10125 Pension liab
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Consolidated statement of comprehen
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Consolidated balance sheetin millio
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Consolidated cash flow statementFor
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Consolidated statement of changes i
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Notes to the consolidated financial
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NOTES TO THE CONSOLIDATED FINANCIAL
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Notes to the statement of comprehen
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NOTES TO THE STATEMENT OF COMPREHEN
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NOTES TO THE STATEMENT OF COMPREHEN
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NOTES TO THE CONSOLIDATED BALANCE S
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OTHER INFORMATIONThe term of the fi
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OTHER INFORMATION51.3 Interest rate
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OTHER INFORMATION51.5 Hedge account
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OTHER INFORMATIONThe effect of a ge
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OTHER INFORMATION56.2 Directors’
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Company financial statements58 COMP
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NOTES TO THE COMPANY FINANCIAL STAT
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Other informationTo the General Mee
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OTHER INFORMATIONSUBSEQUENT EVENTSA
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Ten-year summaryIn millions of euro
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152 Royal Ten Cate Annual Report 20
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OTHER ACTIVITIESNON-CONSOLIDATED CO
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Royal Ten Cateinvestor relations &
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2009 - Jaarverslag

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