Enzyme Business â Strategy and activities - Novozymes

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20 8/9/2009NOVOZYMES' CAPITAL MARKETS DAYLong-term fundamentals are unchanged• Current global economicactivity is affected by therecession• But long-term fundamentalsseem unchanged:• There is still a strong focus onCO 2 emission reductions and onreducing technologies• There is a general expectation ti ofcommodity prices becomingmore volatile• And that at price levels higherthan the historic levels
21 8/9/2009NOVOZYMES' CAPITAL MARKETS DAYROIC of morethan 22%It is feasibleOpportunity:BioBusinesstaking off ina significantwayOpportunity:Enzymes forcellulosicbioethanolOrganic salesgrowth of morethan 10% p.a.That EnzymeBusinessremains agrowthengineOperatingmargin ofmore than20%That webecome avoice on theworld stageThat weachievecontinuedproductivityimprovementsThat we buildBioBusinessinto a DKKmultibillionbusinessThat weinvest ingrowthopportunitiesbeyond today
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Enzyme Business â Strategy and activities - Novozymes

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Enzyme Business â Strategy and activities - Novozymes