Core Strengths, Sustainable Returns

Size: px
Start display at page:

Download "Core Strengths, Sustainable Returns"

Transcription

1 Nordic Senior Investor Day 2012 Core Strengths, Sustainable Returns Daniel Fairclough, Head of Investor Relations Hetal Patel, General Manager Investor Relations 23 May 2012

2 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about ArcelorMittal and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements may be identified by the words believe, expect, anticipate, target or similar expressions. Although ArcelorMittal s management believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of ArcelorMittal s securities are cautioned that forward-looking information and statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally beyond the control of ArcelorMittal, that could cause actual results and developments to differ materially and adversely from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the filings with the Luxembourg Stock Market Authority for the Financial Markets (Commission de Surveillance du Secteur Financier) and the United States Securities and Exchange Commission (the SEC ) made or to be made by ArcelorMittal, including ArcelorMittal s Annual Report on Form 20-F for the year ended December 31, 2011 filed with the SEC. ArcelorMittal undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise. 1

3 Agenda Structural improvements drive sustainable returns Market conditions and outlook Q results and guidance Safety remains the No1 priority for ArcelorMittal 2

4 Safety structurally improved Annual Lost Time Injury Frequency rate* for mining & steel Safety is the No.1 priority of ArcelorMittal Since the merger there has been a significant improvement in LTIF rates but we still have a long way to go along our journey to zero Our goal is to be the safest Metals & Mining company Q' Safety remains the No1 priority for ArcelorMittal * World Steel Association-standard: Fr = Lost Time Injuries per worked hours; based on own personnel and contractors 3

5 Fixed cost structurally improved Management gains plan (USD billion annualized) Steel shipments and fixed cost per tonne (base 100) Target of $4.8bn by end of Shipments Fixed cost per ton Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q F Q12 Reduced fixed cost per tonne increases leverage to a volume recovery 4

6 Asset optimisation Asset optimisation (USD million annualized) Asset optimisation progress to date 3Q 2011 Intention to close two blast furnaces, sinter plant, steel shop and continuous casters in Liege, Belgium Legal procedures with employee representatives are ongoing Q 2011 Extended idling of electric arc furnace in Madrid Further restructuring costs at certain other Spanish, Czech Republic and AMDS operations Asset Optimisation Plan launched in September 2011 to generate an annualized $1 billion sustainable EBITDA improvement by the end of Q 2012 Extended idling of electric arc furnace and continuous caster at the Schifflange site in Luxembourg Further optimisation in Poland and Spain Good progress on Asset Optimisation Plan 5

7 Progress on non-core asset sales Erdemir ¼ of 25% stake sold raising $264 million cash in 1Q 12 ¼ of 25% stake tied to warrants potential for a further $300 million in cash Enovos Agreed sale to AXA of 23.48% interest for 330 million Initial 50% payment on closing (2Q 12) with balance (+ interest) over subsequent periods 1H Including sale of Macarthur stake, ArcelorMittal has sold $2.2bn* non-core assets since September 2011 Skyline Agreed sale to Nucor of 100% of ArcelorMittal s stake in Skyline Steel s operations in NAFTA and the Caribbean for $605 million The transaction is expected to be completed by the end of 2Q 12 Further disposals expected to be made in coming quarters * Includes Macarthur, Boasteel-NSC/Arcelor (BNA) Automotive, Erdemir, Enovos and Skyline 6

8 Structurally improved balance sheet Net debt ($billion) 32.5 Average maturity (years)* Q Q Q Q 2012 Liquidity ($billion) Bank debt as component of total debt (%) % % 3Q Q Q Q 2012 Investment grade rating remains a strategic priority * 1Q 2012 debt maturity figure includes the issues in 1Q 2012 of $3bn bonds and EUR 0.5bn 7

9 Industry leading iron ore growth pipeline ArcelorMittal iron ore growth plan (MT) ArcelorMittal iron ore production growth plan (KT) 100 Liberia Phase 1 & Cost plus tonnage Marketable tonnage Operational efficiency 5 Canada / Brazil % Growth Marketable production Cost-plus production 41% Grow th plan F 2013F 2014F 2015F Our 2015 iron ore growth plans are on track 8

10 ArcelorMittal Mines Canada (AMMC): expansion underway Canadian industrial location Bloom Lake ArcelorMittal Mines Canada overview Expansion of our Mont Wright mine at AMMC and concentrate capacity to 24Mtpa due 2013 (from 16Mtpa post operational improvements) approved Expansion capitalising on existing infrastructure, product quality and experienced workforce Capex C$1.2bn for mine and concentrator plant expansion* Post expansion cash cost are forecast circa US$38/tonne Advantageously located with easy access to European and US markets Expansion to 30Mtpa under study Mining expansion plan (concentrate) Million mt Brownfield expansion Canada base * AMMC 2013 brownfield expansion includes 1mt increase for spirals Strategic advantage from exclusive use of own rail and port facilities * Total scheme investment of US$2.1 billion includes investment in expanding the pellet plant which has not yet been committed 9

11 Liberia progress Liberia greenfield progress Industrial location of mine Phase 1: DSO complete 240km rail rehabilitation completed Upgrade of Buchanan port and material handling facilities completed First direct shipping ore ( DSO ) product shipped in September 2011 Now producing at 4Mtpa rate Phase 2: 15Mtpa concentrate from 2015 Expansion to 15Mtpa requires investment in a concentrator and remains under study Atlantic Ocean 16 Guinea Sierra Leone Buchanan Railway link from Yekepa to Buchanan (240km) Liberia Yekepa Ivory Coast Liberia greenfield planned expansion (Million MT) All marketable tonnes Total project capex (Phase 1 and 2) US$2 billion Capex of US$0.7 billion by end of ` F 2015F 15 Liberia expansion on track 10

12 With good project returns.. able to leverage existing infrastructure Estimated capital costs of key planned growth projects* in the iron ore industry (US$/t) ArcelorMittal Mines Canada Expansion from 16mtpa to 24mtpa underway; expansion to 30mtpa under study ArcelorMittal Planned grow th Tier 1 Brazil Tier 1 West Africa Tier 1 Australia Tier 1 Australia Iron ore production and operating unit cost (Index base 100=2011)** Liberia Own and operate own rail and port infrastructure No requirement to provide third party access Commercial ramp up of 4mtpa DSO phase 1 underway Phase 2 expansion to 15mtpa concentrate in final stages of approval Iron ore production Operating unit cost 240km rail rehabilitation completed Upgrade of Buchanan port and material handling facilities complete ArcelorMittal s cost of adding iron ore production capacity is attractive vs other major producers * Sources: ArcelorMittal estimates and Citi Group estimates based on publicly available information ** Excluding planned greenfield projects (such as Baffinland) and investment in expanding the pellet plant at AMMC which has not yet been committed to. Note: Operating unit costs shown are on an FOB basis 11

13 Global indicators improving; Economic risks remain in Europe GDP weighted global manufacturing PMI 65 Global apparent steel consumption China: +5% YoY China (HSBC) Euro Area 600 RoW: +4.5 to 5% YoY 35 USA Global NAFTA: +6.5 to 7% YoY* 30 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan F EU27: -1 to -2% YoY* Global leading indicators steadily improving (with exception of Europe); Apparent steel consumption growth of +6.3% in 2011; we estimate growth of %* in 2012 Source: Markit and ISM; Global Manufacturing PMI is weighted average of regional PMI and combination of China HSBC and official China figures. * Base case assumption is low single-digit growth in developed world apparent steel consumption (ASC); a consumer-sentiment driven technical recession in EU and US could lead to a low single-digit decline in developed world ASC; a deeper Euro-debt crisis with negative YoY GDP growth could see low double-digit decline in developed world ASC 12

14 Destocking has ended in major markets Europe Service Centre Inventories (000 MT) US Service Centre Total Steel Inventories (000 MT) EU (EASSC) Months Supply USA (MSCI) Months Supply Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Brazil Service Centre Inventories (000 MT) China Inventories in 25 Major Cities (Mn MT) 1,400 1,300 1,200 1,100 1, Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Flat stocks at service centres Months of supply Jan-10 Jul-10 Jan-11 Jul-11 Jan Jan-07 Jul-07 Flat Jan-08 Jul-08 Long Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Inventory levels are now normalized 13

15 1Q 12 performance snapshot 1Q 12 EBITDA of $2.0bn, +15.1% vs. 4Q 11 (1Q 12 includes positive $0.2bn impact from employee benefit changes) EBITDA bridge 4Q 11 to 1Q 12 ($millions) +496 (179) (36) (122) 1H (41) +140 Steel shipments of 22.2 Mt, an increase of 1.2% compared to 1Q 11 1,714 1,832 1,832 1,972 Own iron ore production +12.1% YoY (on track for 10% growth in 2012) 6.8 Mt of iron ore shipped at market price compared to 5.9 Mt in 1Q 11 Q4'11 EBITDA Volume Volume Price / Price / Non & Mix - & Mix - Cost - Cost - Steel Steel Mining Steel Mining EBITDA* Net debt bridge 4Q 11 to 1Q 12 ($millions) (308) Others** +17 Q1'12 EBITDA Net debt at end of 1Q 12 of $23.6bn as compared to $22.5bn at end of 4Q 11 (744) +262 (294) 23,580 Liquidity improved to $15.2bn at end of 1Q 12 (Vs $12.5bn at end of 4Q 11) and debt maturity extended to 6.4 years 22,513 NFD at 31 Dec 2011 FCF Net M&A Dividends Forex Others NFD at 31 Mar 2012 Seasonaly lower mining shipments masked a clear improvement in the steel business in 1Q

16 Outlook and guidance Steel: - Shipments in 2Q 12 are expected to be similar to 1Q 12 levels - All segments are expected to show improved profitability on like for like basis in 2Q 12 as compared to 1Q 12* Mining: - Mining segment expected to benefit from seasonally higher iron ore shipments - FY 2012 own iron ore and coal production is expected to increase by approximately 10% over 2011 levels Capex: - Continued focus on core growth capex (mining) - FY 2012 capex expected to be ~$4-4.5 billion Debt and working capital: - Further reduction in net debt anticipated in 2Q 12 with focus on working capital management and further non-core asset divestments - Consistent with stated objective to retain investment grade credit rating 1H 12 Group EBITDA expected to show improvement over 2H 11 * 1Q 12 Flat Carbon America s EBITDA includes $0.2 billion non-cash effect from employee benefit plan changes in Dofasco 15

17 Recap ArcelorMittal has made significant progress to improve its structural profitability: Management gains: leverage to volume recovery Asset optimisation: will add $1bn to sustainable EBITDA Non-core asset sales: cash generation via portfolio optimisation Balance sheet: reduced debt, diversified and extended maturities Despite the challenging environment, ArcelorMittal delivered a solid EBITDA outcome in the first 3 months of 2012 We have positive momentum in our results and this will be maintained in to the second quarter ArcelorMittal is making progress and heading in the right direction 16

18 Contacts Daniel Fairclough Global Head Investor Relations Hetal Patel UK/European Investor Relations Thomas A McCue US Investor Relations Lisa Fortuna US Investor Relations Valérie Mella European/Retail Investor Relations Maureen Baker Fixed Income/Debt Investor Relations

Fourth Quarter 2015. Questions and Answers

Fourth Quarter 2015. Questions and Answers Fourth Quarter 2015 Questions and Answers Forward-Looking Statements This document may contain forward-looking information and statements about ArcelorMittal and its subsidiaries. These statements include

More information

Mining teach in: Building a world class mining business

Mining teach in: Building a world class mining business Mining teach in: Building a world class mining business Peter Kukielski, GMB Member, Chief Executive Mining Simon Wandke, Vice President, Chief Commercial Officer Mining 22 February 2012 Mont Wright, Canada

More information

Metals & Mining Nordic Symposium

Metals & Mining Nordic Symposium Metals & Mining Nordic Symposium Hetal Patel, General Manager of Investor Relations Valérie Mella, Investor Relations and Retail Shareholders Stockholm, 6 December 2011 Disclaimer Forward-Looking Statements

More information

Mining Strategic Progress - Exploiting our potential ArcelorMittal Mining Canada, June 29, 2015 Bill Scotting, Executive Vice President and CEO

Mining Strategic Progress - Exploiting our potential ArcelorMittal Mining Canada, June 29, 2015 Bill Scotting, Executive Vice President and CEO Mining Strategic Progress - Exploiting our potential ArcelorMittal Mining Canada, June 29, 2015 Bill Scotting, Executive Vice President and CEO Mining Disclaimer Forward-Looking Statements This document

More information

Full year and fourth quarter 2011 February 6, 2012. Aperam 1

Full year and fourth quarter 2011 February 6, 2012. Aperam 1 Full year and fourth quarter 2011 February 6, 2012 Aperam 1 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about Aperam and its subsidiaries.

More information

Adjusting financial policy

Adjusting financial policy Adjusting financial policy Aditya Mittal Chief Financial Officer and member of GMB 16 September 29 Investor day London & New York Disclaimer Forward-Looking Statements This document may contain forward-looking

More information

2Q 2014 Results. Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer. 1 August 2014

2Q 2014 Results. Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer. 1 August 2014 2Q 2014 Results Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer 1 August 2014 Disclaimer Forward-Looking Statements This document may contain forward-looking

More information

3Q 2013 Results. Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer. 7 November 2013

3Q 2013 Results. Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer. 7 November 2013 3Q 213 Results Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer 7 November 213 Disclaimer Forward-Looking Statements This document may contain forward-looking

More information

Building a world-class mining business

Building a world-class mining business Building a world-class mining business Peter Kukielski Investor Day 2010-16 September - London and New York Disclaimer Forward-Looking Statements This document may contain forward-looking information and

More information

1Q 2014 Results. Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer. 9 May 2014

1Q 2014 Results. Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer. 9 May 2014 1Q 2014 Results Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer 9 May 2014 Disclaimer Forward-Looking Statements This document may contain forward-looking

More information

Third quarter 2014 November 6, 2014. Aperam 1

Third quarter 2014 November 6, 2014. Aperam 1 Third quarter 2014 November 6, 2014 Aperam 1 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about Aperam and its subsidiaries. These statements

More information

Implementing a leaner and more efficient organisation to capture management gains

Implementing a leaner and more efficient organisation to capture management gains Implementing a leaner and more efficient organisation to capture management gains Davinder Chugh Member of the Group Management Board 16 September 2009 Investor day London & New York 0 Disclaimer Forward-Looking

More information

Strengthening our balance sheet, repositioning the opportunity

Strengthening our balance sheet, repositioning the opportunity Strengthening our balance sheet, repositioning the opportunity General disclaimer For readers in the European Economic Area This presentation does not constitute an offer to sell, or the solicitation of

More information

Second quarter 2015 results 1

Second quarter 2015 results 1 Second quarter results 1 Luxembourg, July 29, Highlights Health and Safety frequency rate 2 of 0.8x in Q2 compared to 1.3x in Q1. Shipments of 486 thousand tonnes in Q2 compared to 469 thousand tonnes

More information

Full year and fourth quarter 2014 results 1

Full year and fourth quarter 2014 results 1 Full year and fourth quarter results 1 Luxembourg, February 12, 2015 Highlights Health and Safety frequency rate 2 of 1.1x in compared to 1.3x in 2013. Shipments of 1,813 thousand tonnes in full year,

More information

First quarter 2015 results 1

First quarter 2015 results 1 First quarter results 1 Luxembourg, May 5, Highlights Health and Safety frequency rate 2 of 1.3x in Q1 compared to 1.8x in Q4. Shipments of 469 thousand tonnes in Q1 compared to shipments of 439 thousand

More information

1Q 2015 Results. Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer. 7 May 2015

1Q 2015 Results. Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer. 7 May 2015 1Q 2015 Results Lakshmi N Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer 7 May 2015 Disclaimer Forward-Looking Statements This document may contain forward-looking

More information

Disclaimer. No offer of securities This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Disclaimer. No offer of securities This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities. Disclaimer Forward looking statements Certain statements in this document are not historical facts and are or are deemed to be forward-looking. NWR s prospects, plans, financial position and business strategy,

More information

ArcelorMittal reports fourth quarter 2015 and full year 2015 results

ArcelorMittal reports fourth quarter 2015 and full year 2015 results press release ArcelorMittal reports fourth quarter 2015 and full year 2015 results Luxembourg, February 5, 2016 - ArcelorMittal (referred to as ArcelorMittal or the Company ) (MT (New York, Amsterdam,

More information

press release ArcelorMittal reports second quarter 2015 and half year 2015 results

press release ArcelorMittal reports second quarter 2015 and half year 2015 results press release ArcelorMittal reports second quarter 2015 and half year 2015 results Luxembourg, July 31, 2015 - ArcelorMittal (referred to as ArcelorMittal or the Company ) (MT (New York, Amsterdam, Paris,

More information

Novelis Q3 Fiscal Year 2016 Earnings Conference Call

Novelis Q3 Fiscal Year 2016 Earnings Conference Call Novelis Q3 Fiscal Year 2016 Earnings Conference Call February 9, 2016 Steve Fisher President and Chief Executive Officer Steve Pohl Vice President and Interim Chief Financial Officer 1 Safe Harbor Statement

More information

ArcelorMittal results for the first quarter 2015

ArcelorMittal results for the first quarter 2015 ArcelorMittal results for the first quarter 2015 Luxembourg, May 7, 2015 - ArcelorMittal (referred to as ArcelorMittal or the Company ) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the

More information

Klöckner & Co SE. Q3 2014 Results

Klöckner & Co SE. Q3 2014 Results Klöckner & Co SE A Leading Multi Metal Distributor Gisbert Rühl CEO Marcus A. Ketter CFO Results Analysts and Investors Conference November 6, Disclaimer This presentation contains forward-looking statements

More information

7th Annual Bene Symposium 2013

7th Annual Bene Symposium 2013 7th Annual Bene Symposium 2013 Daniel Fairclough, VP Investor Relations 3 December 2013 Disclaimer Forward-Looking Statements This presentation may contain forward-looking information and statements about

More information

1Q15 Results Presentation May 13 th, 2015

1Q15 Results Presentation May 13 th, 2015 1Q15 Results Presentation May 13 th, 2015 Results Highlights Revenues growth & solid backlog Relevant projects awarded Operating margins increase Reorganization is paying off Solid operating cash flow

More information

Interim results for the six months ended 31 December 2009

Interim results for the six months ended 31 December 2009 Interim results for the six months ended 31 December 29 ARM s financial position continues to be robust with net debt to equity of 8.4%. We are pleased about the significant increase in headline earnings

More information

Dr. Burkhard Lohr, CFO

Dr. Burkhard Lohr, CFO Experience growth. K+S Group Q2/15 Results 13 August 2015 Dr. Burkhard Lohr, CFO K+S Group Highlights Rejection of Potash Corp s unsolicited proposal The proposed transaction does not reflect the fundamental

More information

4Q 2015 Results Lakshmi N. Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer

4Q 2015 Results Lakshmi N. Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer 4Q 2015 Results Lakshmi N. Mittal, Chairman and Chief Executive Officer Aditya Mittal, Chief Financial Officer 5 February 2016 Disclaimer Forward-Looking Statements This document may contain forward-looking

More information

Debt investor presentation 2015 financial year

Debt investor presentation 2015 financial year Macedon Debt investor presentation 2015 financial year Peter Beaven Chief Financial Officer 25 August 2015 Disclaimer Forward-looking statements This presentation contains forward-looking statements, including

More information

Ternium Announces First Quarter 2015 Results

Ternium Announces First Quarter 2015 Results Sebastián Martí Ternium - Investor Relations +1 (866) 890 0443 +54 (11) 4018 2389 www.ternium.com Ternium Announces First Quarter 2015 Results Luxembourg, April 29, 2015 Ternium S.A. (NYSE: TX) today announced

More information

2014 HALF YEAR RESULTS 4 September 2014

2014 HALF YEAR RESULTS 4 September 2014 862m H1 2014 Revenues 2014 HALF YEAR RESULTS 4 September 2014 57% of Revenues for International in H1 2014 21,657 Employees In H1 2014 Disclaimer This presentation contains forward-looking statements (as

More information

Results Presentation Jan-Sep 2014. November 25 th, 2014

Results Presentation Jan-Sep 2014. November 25 th, 2014 Results Presentation Jan-Sep 2014 November 25 th, 2014 Disclaimer This document has been prepared by Grupo Isolux Corsán, S.A.; therefore no part of it may be published, disclosed or distributed in any

More information

Mining Canada G.P. Pierre Lapointe General Manager Operational Excellence September 2014

Mining Canada G.P. Pierre Lapointe General Manager Operational Excellence September 2014 Mining Canada G.P. Pierre Lapointe General Manager Operational Excellence September 2014 0 ArcelorMittal Mining Portfolio 29 mines in 11 countries Canada Baffinland 50% Bosnia Iron Ore 51% Ukraine Iron

More information

Forward looking statements This document contains statements that are, or may be deemed to be, forward looking statements which are prospective in

Forward looking statements This document contains statements that are, or may be deemed to be, forward looking statements which are prospective in Annual General Meeting 19 May 2016 Forward looking statements This document contains statements that are, or may be deemed to be, forward looking statements which are prospective in nature. These forward

More information

Klöckner & Co SE. FY 2013 Results

Klöckner & Co SE. FY 2013 Results Klöckner & Co SE A Leading Multi Metal Distributor Gisbert Rühl CEO FY 2013 Results Press Conference March 6, 2014 Disclaimer This presentation contains forward-looking statements which reflect the current

More information

Premium Review conference

Premium Review conference Premium Review conference Daniel Fairclough, VP Investor Relations Valérie Mella, IR Specialist 5 December 2013 Disclaimer Forward-Looking Statements This presentation may contain forward-looking information

More information

Klöckner & Co SE. Q3 2014 Results

Klöckner & Co SE. Q3 2014 Results Klöckner & Co SE A Leading Multi Metal Distributor Gisbert Rühl CEO Q3 2014 Results Press Telephone Conference November 6, 2014 Disclaimer This presentation contains forward-looking statements which reflect

More information

Third quarter results FY2015. August 17, 2015

Third quarter results FY2015. August 17, 2015 Third quarter results FY2015 August 17, 2015 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment

More information

2013 Half Year Results

2013 Half Year Results 2013 Half Year Results Erwin Stoller, Executive Chairman Joris Gröflin, Chief Financial Officer Agenda 1. Introduction and summary of first half year 2013 2. Financial results first half year 2013 3. Outlook

More information

November 14 th, 2014. 3Q/14 Results Presentation

November 14 th, 2014. 3Q/14 Results Presentation November 14 th, 2014 3Q/14 Results Presentation Results Highlights Good operating performance Sound contracting activity Stable net debt despite investment expansion HOCHTIEF restructuring process is starting

More information

Carlsberg A/S. Full-year 2015 results

Carlsberg A/S. Full-year 2015 results Carlsberg A/S Full-year 2015 results Agenda Preparing for the future Financial results Region performance Appendix Preparing for the future Funding the Journey Two year programme aiming at delivering DKK

More information

Second Quarter 2015 Investor Conference Call

Second Quarter 2015 Investor Conference Call Second Quarter 2015 Investor Conference Call August 20, 2015 December 13, 2012 DRAFT 5 Safe Harbor Basis of Presentation Unless otherwise noted or unless the context otherwise requires, all references

More information

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer 1 Q1 RESULTS 2015 30 APRIL 2015 Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes,

More information

Ludwigshafen, February 25, 2014

Ludwigshafen, February 25, 2014 Ludwigshafen, February 25, 2014 Analyst Conference FY2013 Cautionary note regarding forward-looking statements This presentation may contain forward-looking statements that are subject to risks and uncertainties,

More information

Annual General and Special Meeting

Annual General and Special Meeting TSX:NML www.nmliron.com Annual General and Special Meeting June 23, 2016 Toronto, ON Robert Patzelt, Q.C. President & CEO Taconite Project Proposed Concentrator Forward Looking Statements and Other Legal

More information

WE ARE. SHOWROOMPRIVE.com FY2015 RESULTS February, 16 th 2016

WE ARE. SHOWROOMPRIVE.com FY2015 RESULTS February, 16 th 2016 WE ARE SHOWROOMPRIVE.com FY2015 RESULTS February, 16 th 2016 I BUSINESS UPDATE AND 2015 RESULTS HIGHLIGHTS 2015: A YEAR FULL OF ACHIEVEMENTS A STRONG AND PROFITABLE GROWTH 443m net sales and 24m EBITDA

More information

Financial Information

Financial Information Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow

More information

Management Presentation Q2/2012 Results. 8 August 2012

Management Presentation Q2/2012 Results. 8 August 2012 Management Presentation Q2/2012 Results 8 August 2012 Cautionary statement This presentation contains forward-looking statements which involve risks and uncertainties. The actual performance, results and

More information

Chasing growth in a constrained environment

Chasing growth in a constrained environment Chasing growth in a constrained environment Bernard Fontana CEO June 14, 2012 Agenda 1 Drivers of demand growth 2 Allocating the asset footprint according to demand 3 Growth from customer excellence &

More information

EVRAZ H1 2013 results Transcript of the conference call. Management Presentation. Corporate Participants

EVRAZ H1 2013 results Transcript of the conference call. Management Presentation. Corporate Participants EVRAZ H1 2013 results Transcript of the conference call Corporate Participants Alexander Frolov Giacomo Baizini Pavel Tatyanin Management Presentation Operator Thank you for standing by and welcome to

More information

Full-year results 2014. December 02, 2014

Full-year results 2014. December 02, 2014 Full-year results 2014 December 02, 2014 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment

More information

Q2 / H1 2015 results. Investor Presentation 30 July 2015

Q2 / H1 2015 results. Investor Presentation 30 July 2015 Q2 / H1 2015 results Investor Presentation 30 July 2015 Information Full year consolidated financial statements at 31 December are audited Half year financial statements are subject to limited review by

More information

Kazakhstan Growth Forum. Miguel Perry, Chief Financial Officer. Investing in our Future. 3 July 2008 Phone: +44 (0)

Kazakhstan Growth Forum. Miguel Perry, Chief Financial Officer. Investing in our Future. 3 July 2008 Phone: +44 (0) Kazakhstan Growth Forum Miguel Perry, Chief Financial Officer Investing in our Future 7bld0903_screenshow 3 July 2008 Phone: +44 (0) 20 7389 1440 www.enrc.com Disclaimer This document includes forward-looking

More information

Full Year Results 2014

Full Year Results 2014 Full Year Results 2014 18 March 2015 Conference call on FY Results 2014 Corporate Finance & Investor Relations AGENDA FY 2014 results presentation Highlights 2014 Financials 2014 Outlook 2015 Appendix

More information

Earnings Release 9M2015

Earnings Release 9M2015 Earnings Release 9M2015 19 November 2015 Results overview Regional segments Final remarks PAGE 3 PAGE 12 PAGE 22 Europe Africa Latin America 2 Key highlights Consolidation of EGF in the 3Q15, according

More information

Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014

Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014 Applus+ Group Results Presentation Third Quarter 2014 November 3rd 2014 DISCLAIMER This document may contain statements that constitute forward looking statements about Applus Services, SA ( Applus+ or

More information

Be ONE: Our strategy in the current environment. Guidance 2010

Be ONE: Our strategy in the current environment. Guidance 2010 Results February January-December 25th, 2009 2010 1 Disclaimer This document contains additional non-compulsory forward-looking statements on intentions or expectations of the Company as of the date of

More information

Full Year Results 2012. Conference Call Presentation, 21 st March 2013

Full Year Results 2012. Conference Call Presentation, 21 st March 2013 Full Year Results 2012 Conference Call Presentation, 21 st March 2013 0 Disclaimer This presentation may contain forward-looking statements based on current assumptionsandforecastsmadebybrenntag AG and

More information

An emerging cement major building shareholder value and prosperity in Africa

An emerging cement major building shareholder value and prosperity in Africa An emerging cement major building shareholder value and prosperity in Africa Unaudited results for the six months ended 30 th June 2015 31 st July 2015 Disclaimer This document is not an offer of securities

More information

Applus+ Group Results Presentation First Quarter 2015 7 May 2015

Applus+ Group Results Presentation First Quarter 2015 7 May 2015 Applus+ Group Results Presentation First Quarter 2015 7 May 2015 DISCLAIMER This document may contain statements that constitute forward looking statements about Applus Services, SA ( Applus+ or the Company

More information

Fourth quarter 2007. February 19, 2008 (1)

Fourth quarter 2007. February 19, 2008 (1) Fourth quarter 1 3 2 4 February 19, 2008 (1) Highlights Strong year for Hydro hit by lower aluminium prices in NOK and weaker downstream markets Solid operational performance Qatalum on track, 9% complete

More information

Fourth Quarter & Full Year 2014 Earnings Presentation March 27, 2015

Fourth Quarter & Full Year 2014 Earnings Presentation March 27, 2015 Fourth Quarter & Full Year 204 Earnings Presentation March 27, 205 FORWARD-LOOKING AND OTHER INFORMATION IMPORTANT INFORMATION This information is current only as of its date and may have changed. We undertake

More information

Financial Results Q1 2014. Jacques Purnode, Chief Finance Officer

Financial Results Q1 2014. Jacques Purnode, Chief Finance Officer Financial Results 2014 Jacques Purnode, Chief Finance Officer Forward Looking Statements This Presentation may include forward-looking statements. Forward-looking statements are statements regarding or

More information

K+S Group FY/Q4 2014 Analyst conference. 12 March 2015, Frankfurt am Main. Norbert Steiner, CEO Dr. Burkhard Lohr, CFO

K+S Group FY/Q4 2014 Analyst conference. 12 March 2015, Frankfurt am Main. Norbert Steiner, CEO Dr. Burkhard Lohr, CFO Experience growth. FY/Q4 2014 Analyst conference 12 March 2015, Frankfurt am Main Norbert Steiner, CEO Dr. Burkhard Lohr, CFO Agenda A. FY 2014 Financials B. Projects and initiatives C. Q4 Financials D.

More information

Nordex SE Conference Call Q1 2015

Nordex SE Conference Call Q1 2015 Nordex SE Conference Call Q1 2015 Hamburg 13 May 2015 AGENDA 1. Highlights Dr. Jürgen Zeschky 2. Operational progress and order intake Dr. Jürgen Zeschky 3. Financials Q1 2015 Bernard Schäferbarthold 4.

More information

INVESTOR PRESENTATION HALF YEAR 2012

INVESTOR PRESENTATION HALF YEAR 2012 INVESTOR PRESENTATION HALF YEAR 2012 CONTENTS 1. PERFORMANCE HIGHLIGHTS HY 2012 2. ENVIRONMENT HY 2012 3. P&L & B/S DETAILS HY 2012 4. RAW MATERIALS & PACKAGING 5. OUTLOOK 2012 6. QUESTIONS & ANSWERS 2

More information

Debt Investors Call First Quarter 2015. Walldorf, Germany Monday, May 4, 2015

Debt Investors Call First Quarter 2015. Walldorf, Germany Monday, May 4, 2015 Debt Investors Call First Quarter 2015 Walldorf, Germany Monday, May 4, 2015 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking statements

More information

ManpowerGroup Second Quarter Results

ManpowerGroup Second Quarter Results ManpowerGroup Second Quarter Results July 21, 2015 FORWARD-LOOKING STATEMENT This presentation contains includes forward-looking statements, including statements financial which projections, are subject

More information

Investing for growth. 1 Tel: f u l l y e a r r e s u l t s

Investing for growth. 1   Tel: f u l l y e a r r e s u l t s Investing for growth 2013 1 E-mail: ir@ferrovial.es Tel: +34 91 586 27 30 f u l l y e a r r e s u l t s Disclaimer This document may contain statements that constitute forward looking statements about

More information

Q2 F2016 Conference Call

Q2 F2016 Conference Call Q2 F2016 Conference Call Driving Value April 28, 2016 Cautionary Statement Information in this presentation relating to projected growth and financial performance of the Company s business units, contribution

More information

1H15 Results Presentation July 31 st, 2015

1H15 Results Presentation July 31 st, 2015 1H15 Results Presentation July 31 st, 2015 Results Highlights Increasing visibility on revenues Strong order intake 1H15 Good operating results Operating margins increase Positive operating cash flow Working

More information

1H/14 Results Presentation

1H/14 Results Presentation 1H/14 Results Presentation September 1st, 2014 YTD Highlights Good operating performance impacted by f/x effects Like for like* growth in Sales, EBIT & Net Profit Stable net debt LTM despite significant

More information

RHI AG. May 12, 2016

RHI AG. May 12, 2016 RHI AG Results 1Q/16 May 12, 2016 Highlights & Lowlights Highlights Positiv Steel Division operating EBIT margin of 7.8% in 1Q/16 driven by Europe and North America as a result of an improved product mix

More information

Interim Financial Report 9M/2015

Interim Financial Report 9M/2015 Interim Financial Report 9M/2015 Investor & Analyst Conference Call 5 November 2015 Investor Relations Agenda. 1. Financials 9M/2015 2. Outlook Page 2 SGL Group Investor Relations 05 November 2015 Performance

More information

Building a Stronger Organization

Building a Stronger Organization 0 Building a Stronger Organization Murilo Ferreira, Vale CEO Bank of America / Merrill Lynch Global Metals, Mining & Steels CEO Conference Barcelona, May 12, 2015 This presentation may include statements

More information

Press Release November 2015 www.vallourec.com

Press Release November 2015 www.vallourec.com Press Release November 2015 www.vallourec.com Vallourec reports third quarter and first nine months 2015 results Q3 2015 financial results continued to be impacted by tough market conditions: Revenues

More information

2Q15 Earnings Conference Call

2Q15 Earnings Conference Call 2Q15 Earnings Conference Call André B. Gerdau Johannpeter President and CEO Harley Lorentz Scardoelli Financial, Planning and IR Director - CFO Credit: New York State Thruway Authority Gerdau is supplying

More information

The sale of Tafisa Brazil in August 2009 generated a capital gain in the consolidated results for 9M09 of 56 million Euros.

The sale of Tafisa Brazil in August 2009 generated a capital gain in the consolidated results for 9M09 of 56 million Euros. Sonae Indústria, SGPS, SA Lugar do Espido Via Norte Apartado 1096 4470-177 Maia Portugal Phone (+351) 220 100 400 Fax (+351) 220 100 543 www.sonaeindustria.com SONAE INDÚSTRIA, SGPS, SA Registered Office:

More information

LABRADOR IRON MINES REPORTS QUARTERLY RESULTS

LABRADOR IRON MINES REPORTS QUARTERLY RESULTS LABRADOR IRON MINES REPORTS QUARTERLY RESULTS Toronto, Ontario, August 28, 2015. Labrador Iron Mines Holdings Limited ( LIM or the Company ) today reports its operating and financial results for its first

More information

Golden Ocean Group Limited Q3 2006 results December 1, 2006

Golden Ocean Group Limited Q3 2006 results December 1, 2006 Golden Ocean Group Limited Q3 2006 results December 1, 2006 PROFIT & LOSS 2005 2006 (in thousands of $) 2006 2005 2005 Jul-Sep Jul-Sep Jan - Sep Jan - Sep Jan - Dec Operating Revenues 26,265 66,431 Time

More information

Business Update NOVEMBER 2016 OUR POTENTIAL

Business Update NOVEMBER 2016 OUR POTENTIAL Business Update NOVEMBER 2016 OUR POTENTIAL Disclaimer This presentation may contain forward-looking statements and projections. There can be no certainty of outcome in relation to the matters to which

More information

Full Year 2015 Results

Full Year 2015 Results Full Year 2015 Results 16 March 2016 Conference call on FY 2015 results Corporate Finance & Investor Relations AGENDA FY 2015 results presentation Highlights 2015 Financials 2015 Outlook 2016 Appendix

More information

Second Quarter 2015 Earnings Conference Call

Second Quarter 2015 Earnings Conference Call Second Quarter 2015 Earnings Conference Call NYSE: CVA JULY 22, 2015 Cautionary Statements All information included in this earnings presentation is based on continuing operations, unless otherwise noted.

More information

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer 1 FY RESULTS 27 FEBRUARY 2015 Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words

More information

Third Quarter 2015 Earnings Conference Call. 21 August 2015

Third Quarter 2015 Earnings Conference Call. 21 August 2015 Third Quarter 2015 Earnings Conference Call 21 August 2015 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the

More information

KRONES Financial Year 2015 Preliminary Figures. Conference Call March 17, 2016

KRONES Financial Year 2015 Preliminary Figures. Conference Call March 17, 2016 KRONES Financial Year 2015 Preliminary Figures Conference Call March 17, 2016 2 KRONES Conference Call March 17, 2016 Highlights 2015 Financials 2015 Outlook 2016 3 KRONES Conference Call March 17, 2016

More information

NEWS RELEASE 16 July 2008. Wolseley plc Pre-Close Period Trading Statement for the eleven months ended 30 June 2008

NEWS RELEASE 16 July 2008. Wolseley plc Pre-Close Period Trading Statement for the eleven months ended 30 June 2008 NEWS RELEASE 16 July 2008 Wolseley plc Pre-Close Period Trading Statement for the eleven months ended 30 June 2008 Wolseley plc, the world s largest specialist trade distributor of plumbing and heating

More information

Electricity Supply Board

Electricity Supply Board Electricity Supply Board Investor Presentation 2012 Interim Results December 2012 Disclaimer Forward looking statements: This presentation contains certain forward-looking statements with respect to ESB

More information

March 5, 2015. 2015 First Quarter Conference Call

March 5, 2015. 2015 First Quarter Conference Call March 5, 2015 2015 First Quarter Conference Call Safe Harbor Forward-Looking Statements This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation

More information

Conference call Fiscal year 2014»

Conference call Fiscal year 2014» Conference call Fiscal year» EnBW Energie Baden-Württemberg AG Karlsruhe, 17 March 2015 Frank Mastiaux, Chief Executive Officer Thomas Kusterer, Chief Financial Officer Ingo Peter Voigt, Senior Vice President,

More information

Base Metal Markets. Andrew Stonkus Vice President, Base Metals Marketing

Base Metal Markets. Andrew Stonkus Vice President, Base Metals Marketing Base Metal Markets Andrew Stonkus Vice President, Base Metals Marketing Forward Looking Information Both these slides and the accompanying oral presentation contain certain forward-looking statements within

More information

SAP Debt Investor Presentation First Quarter 2014 Update Call Walldorf, Germany April 28, 2014

SAP Debt Investor Presentation First Quarter 2014 Update Call Walldorf, Germany April 28, 2014 SAP Debt Investor Presentation First Quarter 2014 Update Call Walldorf, Germany April 28, 2014 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking

More information

Acerinox Press Release 2014 First Half Results. Page 0 / 10

Acerinox Press Release 2014 First Half Results. Page 0 / 10 Page 0 / 10 2014 First Half Results Acerinox's profit after taxes and minorities for the first half of 2014 is Euros 76.1 million, representing a rise of 373% on the same period in the prior year The Group's

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.

More information

1 st Quarter 2016 Conference Call Note

1 st Quarter 2016 Conference Call Note CREATING TOMORROW`S SOLUTIONS 1 st Quarter 2016 Conference Call Note Dr. Rudolf Staudigl (CEO), Dr. Tobias Ohler (CFO), April 28th, 2016 0 of 21 Disclaimer The information contained in this presentation

More information

14 April 2016 Preliminary Results Fixed Income Investor Call Alan Stewart CFO, Shubhi Rao Group Treasurer

14 April 2016 Preliminary Results Fixed Income Investor Call Alan Stewart CFO, Shubhi Rao Group Treasurer 14 April 2016 Preliminary Results Fixed Income Investor Call Alan Stewart CFO, Shubhi Rao Group Treasurer Group performance Continuing operations FY Change constant rates Change actual rates Group sales

More information

Conference Call Q2-2015/2016

Conference Call Q2-2015/2016 Conference Call Q2-2015/2016 DIRK KALIEBE, CFO November 13, 2015 Update strategy implementation: Services Consumables Sheetfed Digital Heidelberger Druckmaschinen AG 2 Update strategy implementation 1/4

More information

ManpowerGroup First Quarter Results

ManpowerGroup First Quarter Results ManpowerGroup First Quarter Results April 23, 2014 Forward-Looking Statements This presentation contains statements, including financial projections, that are forward-looking in nature. These statements

More information

ABB Next Level Accelerating sustainable value creation

ABB Next Level Accelerating sustainable value creation Eric Elzvik, CFO, Capital Markets Day, London, ABB Next Level Accelerating sustainable value creation Slide 1 Important notices Presentations made during Capital Markets Day 2014 include forward-looking

More information