Dechra Pharmaceuticals PLC
Half Year Presentation 2022
Improving
Global Animal
Health and
Welfare
Dechra is a global specialist veterinary pharmaceuticals and related products business. Our expertise is in the development, manufacture, marketing and sales of high quality products exclusively for veterinarians worldwide.
Our Purpose is the sustainable improvement of global animal health and welfare.
For more information please visit www.dechra.com
Companion Animal Products (CAP)
Species: Dogs and cats.
Key therapeutic sectors: Endocrinology, dermatology, analgesia and anaesthesia, antibiotics, cardiovascular, critical care and oncology.
Equine
Species: Horses and ponies.
Key therapeutic sectors: Lameness and pain management.
Food producing Animal Products (FAP)
Species: Poultry, pigs and an increasing presence in cattle.
Key therapeutic sectors: Water soluble antibiotics, vaccines, locomotion (lameness) and pain management.
Nutrition
Species: Dogs and cats.
Key therapeutic sectors: Our pet diets are available to support the wellbeing of cats and dogs with numerous
therapeutic conditions, such as allergies, obesity, heart and kidney disease.
Operational Highlights
We continue to outperform a market that has seen strong growth
Portfolio Focus
a b c
- All product categories and major therapeutic areas delivering strong growth
- H1 benefit from increased COVID-19 spending on pets
Pipeline Delivery
• Good progress continues
• New opportunities under review
Geographic Expansion
• International businesses performed well
- Robust performance from distribution business supplemented by new product launches
- Successfully launched Tri-Solfen in ANZ
Acquisition
• Executed six product acquisitions
- Majority strengthen our North American business
- Laverdia expands portfolio into oncology
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Operational Highlights
Strategic Enablers
Technology
• Digital technology continues to be main strategic focus
- Commenced work on a new quality management system
- Approved investment to move most of manufacturing sites onto one consolidated ERP System
Manufacturing
and Supply
- Supply chain robust and supporting high levels of growth
- Completed our exit from third party manufacturing at Skipton and Fort Worth
- Expanded Danish distribution centre to open in April 2022
People
- The cornerstone of our success
- Alison Platt appointed Chair of the Board
- Strengthened Senior Management Team
Environmental, Social and Governance
- Decarbonisation remains top priority
- Employee engagement via inaugural Dechra Climate Race
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Financial Highlights
Strong revenue growth delivering operating leverage
Revenue Growth
- 15.9% to £332.4 million
- Predominately driven by organic growth
Underlying
EBIT Growth
- 22.0% to £93.9 million
- Lower R&D spend in H1, expected to correct in H2
Operating Cash
Generation
• 110.0% underlying cash conversion
Shareholders'
Value
- Underlying diluted EPS +24.0% increase to 64.01 pence
- Interim dividend: +8.0% increase to 12.00 pence
In presentation all financial references will be at CER unless otherwise stated.
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Dechra Pharmaceuticals plc published this content on 21 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 February 2022 10:50:02 UTC.