Holland Colours : Annual Report 2016-2017 - English

COLORING YOUR SUCCESS

ANNUAL REPORT 2016/2017

OUR IDENTITY: COLORING YOUR SUCCESS

Our company is driven by teamwork, pro-activeness, competence, accountability and responsibility. Our business is built on a combination of knowledge, dedication, passion and skills. Our actions are directed towards our customers' success.

We create and manufacture high-quality solid and liquid colorants, masterbatches and additives. Our products are designed to be well suited for coloring rigid and flexible PVC, PET, Polyolefins and other polymers. We serve many different markets within Building & Construction, including, but not limited to, profiles, pipes, siding and cladding. We also have a proven track record in cooperating with Packaging companies to differentiate their products. In addition to serving these markets, we offer color concentrates for coatings, elastomers, adhesives and other applications.

We have a tradition of working with our customers. Customers and our experts collaborate regularly to create tailormade color solutions that deliver precise color matches, perfect color distribution and enhanced color consistency.

We offer consistent and sustainable global production, reliable supply and logistics, R&D, customer care and project support and assist our customers to grow their business.

We seek employees who believe in customer collaboration based on solving problems and pushing boundaries.

Our reporting lines are short, with ample opportunities for our employees to show initiative and take responsibility. At Holland Colours, every employee is an owner, and owners take pride in delivering success to their customers. Together with our customers we add color to the world. Our mission? Coloring Your Success!

HOLLAND COLOURS ANNUAL REPORT 2016/20173

CONTENTS

Our Identity: Coloring Your Success 3

Profile 5

Employee Participation 7

Introduction by the Chief Executive Officer 8

Our DNA 11 Strategy 2020 12 Progress on our Objectives 13

Core Values 14

Core Value - Accountability 15

Investor Relations 16

Core Value - Competence 18

Report of the Board of Management 19

World Map 21

Financial Performance 22

New Products 24

Making Corporate Social Responsibility a Strategy Driver 25

Risk Management 29

Declaration of the Board of Management 32

Core Value - Pro-Activeness 33

Corporate Governance 34

Core Value - Responsibility 36

Report of the Supervisory Board 37

Core Value - Teamwork 42

Financial Statements 2016/2017 43 Other Information 83 Independent Auditor's Report 83 Our Organization 90 Contact 91

4 HOLLAND COLOURS ANNUAL REPORT 2016/2017

CONTENTS