Debt Investor Update March 2013
|
|
- Gwenda Sherman
- 7 years ago
- Views:
Transcription
1 Strength. Performance. Passion. Debt Investor Update March 2013 IFZ - MAS Corporate Finance 20_10 Funding December 7, 2012, Debt Investor Update 2013 Holcim Ltd
2 Agenda Strategy and positioning based on long-term growth Holcim Leadership Journey Footprint in North America 2012 results and outlook Financial position and financing Debt Investor Update, March Holcim Ltd 2
3 Building on a proven strategy Goal Creation of Value Strategy Product Focus Geographic Diversification Local Management Global Standards Mindsets Sustainable Environmental Performance Better Cost Management Permanent Marketing Innovation Human Resources Excellence Corporate Social Responsibility Base People Debt Investor Update, March Holcim Ltd 3
4 and increasing the focus on ROIC Value Creation Outside view Internal view ROIC & EV (Enterprise Value) - Credit Rating TSR (Total Shareholder Return) Op. EBITDA / Op. EBITDA - Margin ROIC & HVA (Holcim Value Added) Market capitalization (incl. minority interests) + financial debt (Dividend paid + share price appreciation) / Share Price Key operational indicator focused on cash-generation/ efficiency Company result after consideration of cost of capital, incl. cost of equity Debt Investor Update, March Holcim Ltd 4
5 Sustainable growth through the execution of a 14.3 million tonne pipeline provides the basis for better returns Current projects Capital expansion investments (CHF m) Production capacity cement (mt) Debt Investor Update, March Holcim Ltd 5
6 Construction demand is linked to size and growth of GDP 40% Average investment ratio (Investments / GDP) 35% 30% Emerging Economies 25% Emerging Economies GDP: E 20% 15% 10% Developed Economies Developed Economies GDP: E Developed Economies GDP: Emerging Economies GDP: % 0% 0% 1% 2% 3% 4% 5% 6% 7% Average GDP growth Source: IMF (World Economic Outlook, October 2012), World Bank (Population Statistics, November 2012) Debt Investor Update, March Holcim Ltd 6
7 in addition to Popurbanization representing a considerable source of steady demand globally Asia 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Latin America 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Rural Urban Rural Urban Europe 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% North America 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Rural Urban Rural Urban Source: United Nations (Population Division - November 2012) Debt Investor Update, March Holcim Ltd 7
8 Global construction growth is strongly driven by emerging markets Construction Market Outlook until 2016E (USD bn) 1'600 1'400 1'200 Share of market E Emerging markets: 28% 49% Developed markets: 72% 51% CAGR 2012E 2016E Asia Pacific (emerging markets) 12.0% 1' Europe (mature markets) North America Asia Pacific (developed markets) Latin America Europe (emerging markets) Africa Middle East 2.5% 2.7% 1.0% 11.8% 11.9% 12.3% E 2013E 2014E 2015E 2016E Source: BMI Market Outlook, 2012 Debt Investor Update, March Holcim Ltd 8
9 Agenda Strategy and positioning based on long-term growth Holcim Leadership Journey Footprint in North America 2012 results and outlook Financial position and financing Debt Investor Update, March Holcim Ltd 9
10 The Holcim Leadership Journey and its two pillars Customer Excellence Holcim Leadership Journey Cost Leadership Customer focus Energy and AFR Value management Logistics Pricing policies Procurement Marketing and sales Fixed cost Capture demand through advice & service CHF 500 m Optimization of cost base > CHF 1 bn Operating profit increase of at least CHF 1.5 bn and ROIC AT > 8%* by 2014 * Corresponds to a ROIC BT of > 11.8% Debt Investor Update, March Holcim Ltd 10
11 Differentiation and de-commoditization Evolution of VALUE ADDED SOLUTION Competitive Price Reliable Supplier Early Supplier Involvement Technical Consulting & Sales Sustainability Consistent Quality Innovative Solutions Range of Products & Services Customer Care Solid Quote-to- Cash Processes Differentiation of product & service offer in all segments Tailor-made solutions for customer segments and single projects => increase value content An opportunity to create value for our customers and us Debt Investor Update, March Holcim Ltd 11
12 Driving innovation on a global scale through our network Niagara Tunnel Ceneri tunnel Innovative flooring Road mobility Supertrees Working closely with the customer, Holcim Apasco tailormade a number of mix designs with specialized application methodologies to deliver highly durable and attractive industrial concrete floors Holcim Canada offered the solutions for the Niagara Tunnel project in terms of innovative concrete types, the transportation and several additional process innovations built to last for 100 years without maintenace Holcim Canada developed a special concrete for road repairs. A high-early-strength concrete mix and the dedication of Holcim s crews guaranteed continuous mobility Holcim Switzerland is supplying the concrete solution for the 15 km long Ceneri base tunnel. Part of this solution is a unique concrete batching plant in a cavern deep inside the mountain Holcim Singapore delivers the green lablled and high-density concretes for the construction of manmade supertrees in a new tropical garden Debt Investor Update, March Holcim Ltd 12
13 Agenda Strategy and positioning based on long-term growth Holcim Leadership Journey Footprint in North America 2012 results and outlook Financial position and financing Debt Investor Update, March Holcim Ltd 13
14 Net sales by region Net sales 2012 North America 14.7% Europe 26.1% Latin America 15.7% Africa Middle East 4.3% Asia Pacific 39.2% Debt Investor Update, March Holcim Ltd 14
15 North America continues to grow US economy picks up and Canada remains on high level North America with substantial rise in sales of cement Aggregate Industries US increases sales of ready-mix concrete All three Group companies with better performance Strong organic growth Consolidated key figures 2012 Cement capacity (m t) 22.0 Cement and grinding plants 17 Aggregates plants 117 Ready-mix concrete plants 225 Asphalt plants 42 Net sales (CHF m) 3'276 Personnel Cement plant Grinding plant/ terminal Aggregates North America /- +/- LFL Sales of cement in million t % +5.0% Sales of aggregates in million t % -7.3% Sales of ready-mix concrete in million m % +8.7% Operating EBITDA in million CHF % +32.4% Operating profit in million CHF Debt Investor Update, March Holcim Ltd 15
16 Agenda Strategy and positioning based on long-term growth Holcim Leadership Journey Footprint in North America 2012 results and outlook Financial position and financing Debt Investor Update, March Holcim Ltd 16
17 Holcim at a glance Higher consolidated cement sales despite lower demand in Europe Higher turnover, operating EBITDA and net income Price adjustments and Holcim Leadership Journey support result Increased payout per registered share, despite restructuring costs Significant net debt reduction of CHF 1.2 billion Group /- +/- LFL Sales of cement in million t % +2.0% Sales of aggregates in million t % -8.5% Sales of ready-mix concrete in million m % -3.2% Operating EBITDA in million CHF 3,958 3, % +0.9% Operating EBITDA adjusted in million CHF 3,975 4, % +6.4% Operating profit in million CHF 1,933 1, % -5.0% Operating profit adjusted in million CHF 2,308 2, % +11.4% Net income in million CHF 682 1, % Debt Investor Update, March Holcim Ltd 17
18 Asia Pacific the key growth region Higher cement sales in Asia, but slight decrease in the Pacific Rim Significant rise in operating EBITDA and solid organic growth Targeted capacity increase in important emerging markets Holcim remains a strategic partner in Siam City Cement Company Asia Pacific /- +/- LFL Sales of cement in million t % +4.4% Sales of aggregates in million t % -6.3% Sales of ready-mix concrete in million m % +0.9% Operating EBITDA in million CHF 1,700 1, % +12.6% Operating profit in million CHF 1,185 1, % +15.1% Debt Investor Update, March Holcim Ltd 18
19 Dynamic Latin America Infrastructure projects and residential construction increase demand of building materials Higher cement sales Once again, a rise in operating EBITDA Sale of minority shareholding in Guatemala Selective capacity increase Latin America /- +/- LFL Sales of cement in million t % +3.0% Sales of aggregates in million t % -3.6% Sales of ready-mix concrete in million m % -7.9% Operating EBITDA in million CHF % +7.2% Operating profit in million CHF % +2.5% Debt Investor Update, March Holcim Ltd 19
20 Key growth drivers lacking in Europe Difficult market situation in Europe, solid demand in CIS/Caspian Decrease in sales volumes in all segments Restructuring costs impact financial results Europe /- +/- LFL Sales of cement in million t % -3.9% Sales of aggregates in million t % -11.1% Sales of ready-mix concrete in million m % -8.8% Operating EBITDA in million CHF % -32.8% Operating EBITDA adjusted in million CHF % -13.4% Operating profit in million CHF Operating profit adjusted in million CHF % -28.9% Debt Investor Update, March Holcim Ltd 20
21 Africa Middle East overshadowed by political tension Reduction in sales volumes of cement and ready-mix concrete, higher shipments of aggregates Holcim maintains its position in the Near East; West Africa improves Stable development in the Indian Ocean Lower operating results in Lebanon due to higher production costs and lower sales volumes because of turmoil in Syria Africa Middle East /- +/- LFL Sales of cement in million t % -4.4% Sales of aggregates in million t % +1.3% Sales of ready-mix concrete in million m % -2.0% Operating EBITDA in million CHF % -11.1% Operating profit in million CHF % -16.4% Debt Investor Update, March Holcim Ltd 21
22 Key financial figures Full year 2012 Million CHF (if not otherwise stated) +/ LFL CIS FX Total Sales volumes - Cement (mt) % 0.5% 2.5% - Aggregates (mt) % 0.9% -7.7% - Ready-mix (mm 3 ) % 0.1% -3.1% Net sales 21,653 20,744 21, % -0.1% -0.2% 3.9% Operating EBITDA 4,513 3,958 3, % 0.0% -0.2% 0.7% Operating EBITDA adjusted 1 4,513 3,975 4, % 6.2% Operating profit 2,619 1,933 1, % -0.9% -0.2% -6.0% Operating profit adjusted 2 2,619 2,308 2, % 10.6% Net income 1' ' % Net income - shareholders of Holcim Ltd 1' % Cash flow 3,659 2,753 2, % 0.1% -0.9% -2.6% EPS CHF % Dividend / payout per share CHF % 1 Excluding one-off restructuring costs of CHF 17 million in 2011 and CHF 239 million in Excluding one-off restructuring costs of CHF 375 million in 2011 and CHF 736 million in Calculated on the weighted average number of shares outstanding. 4 Proposed by the Board of Directors for a payout from capital contribution reserves Debt Investor Update, March Holcim Ltd 22
23 Operating EBITDA by region Million CHF , , , /2012 LFL Change in Currency Total structure Asia Pacific 12.6% -0.1% -2.2% 10.3% Latin America 7.2% -0.2% 0.8% 7.9% Europe -32.8% 0.4% -0.3% -32.6% North America 32.4% 0.2% 6.2% 38.8% Africa Middle East -11.1% 0.2% -0.1% -11.0% Total 0.9% 0.0% -0.2% 0.7% Debt Investor Update, March Holcim Ltd 23
24 Statement of cash flows Million CHF Cash flow from operating activities 3,659 2,753 2, % Net investments to maintain productive capacity and to secure competitiveness % Free cash flow 3,249 2,001 1, % Expansion investments -1' % Financial investments net % Dividends paid % Financing surplus 1, % +/- Debt Investor Update, March Holcim Ltd 24
25 Outlook for 2013 Asia Pacific: Unchanged positive development in Asia, stable Pacific Rim Latin America: Higher demand for construction materials Europe: Only slight decrease in sales volumes; positive development of construction activity in Russia and Azerbaijan North America: Increase in sales volumes in the US and Canada Africa Middle East: Muted demand at previous year s level Turning to operating EBITDA and operating profit, the Board of Directors and Executive Committee expect a further improvement of margins. The Holcim Leadership Journey, which will gain further momentum in all streams as planned, will also contribute to this development. Under similar market conditions, significant organic growth in operating EBITDA and operating profit should be achieved in Debt Investor Update, March Holcim Ltd 25
26 Agenda Strategy and positioning based on long-term growth Holcim Leadership Journey Footprint in North America 2012 results and outlook Financial position and financing Debt Investor Update, March Holcim Ltd 26
27 Financial position Million CHF Net financial debt Total shareholders' equity Gearing 53.8% 58.8% 52.2% 21,121 19,656 19,837 11,363 11,549 10, Debt ratios FFO 1 /Net financial debt 31.3% 26.4% 30.9% Net financial debt/ebitda 2.3x 2.7x 2.3x 1 Net income plus depreciation, amortization and impairment Debt Investor Update, March Holcim Ltd 27
28 Main financing projects concluded in 2012 CAD 300 m bond CAD 250 m RCF CHF 450 m bond EUR 500 m bond USD 235 m RCF USD 1 bn CP program CHF 950 m multicurrency loans THB 1.5 bn bilateral loan NZD 150 m bilateral loans MXN 4 bn bonds BRL 1 bn capex financing AUD 700 m bonds AUD 200 m bilateral loans Debt Investor Update, March Holcim Ltd 28
29 Overall debt reduced by CHF 5.1 billion since 2008 bank debt replaced by capital market financing Financial liabilities CHF million 20'000 16'000 12'000 8'000 4'000 Share of capital market financing 100% 80% 60% 40% 20% % Loans Capital markets Share of capital market financing (r.h. scale) Debt Investor Update, March Holcim Ltd 29
30 Access to a wide range of capital markets Capital markets funding distribution as per Capital market maturities USD IRB THB Bonds CRC Bonds MAD Bond INR Bonds MXN Bonds CAD PP EUR SSD USD CP CAD Bonds CHF Bonds Date CHF m Currency Feb-13 Apr-13 Jun-13 Aug-13 Dec CHF 155 m 129 USD 141 m 395 CAD 300 m, THB 4 bn 114 USD 125 m 1'013 CHF 1 bn, INR 750 m USD PP AUD Bonds Mar-14 May-14 Jul-14 Oct-14 Dec EUR 650 m 15 CRC 8.5 bn 151 USD 165 m 14 INR 820 m 724 EUR 600 m GBP Bonds USD Bonds EUR Bonds Mar-15 Apr-15 Jul-15 Nov-15 Dec AUD, MXN 540 USD 317 m, CHF 250 m 18 CRC 10 bn 59 THB 2 bn 162 MAD 1.5 bn Corporate Holdings Operating Company Debt Investor Update, March Holcim Ltd 30
31 Financial debt, maturities and liquidity as of December 31, 2012 Maturity profile (CHF million) 1 4'000 3'000 Capital markets Loans 2'000 1' >2022 Liquidity summary Cash + marketable securities: CHF 3,146 million Cash + marketable securities + unused committed credit lines: CHF 8,515 million Debt summary Current financial liabilities 1 : CHF 3,185 million Fixed to floating ratio: 55% fixed Capital markets 81%; Loans 19% Corporate vs. subsidiary debt: 79% corporate Ø total maturity: 4.2 years No financial covenants in Corporate credit lines Rating: BBB/stable, Baa2/stable, BBB/stable 1 After risk-related adjustments of CHF 414 m from current financial liabilities to long-term financial liabilities Debt Investor Update, March Holcim Ltd 31
32 Conclusions Holcim s strategy has proven successful in the past and will continue to do so going forward The Holcim Leadership Journey will leverage the benefits of the strategy Discipline, incentive and performance management will ensure growth and improved returns Higher turnover and operating EBITDA, significantly better net income and lower net financial debt in 2012 Holcim has high upside potential on cash flow generation and is well financed, with a balanced maturity profile, a strong cash position and access to a wide range of capital markets Debt Investor Update, March Holcim Ltd 32
33 Contact information and event calendar Contact information Event calendar Corporate Finance & Treasury Phone Investor Relations Phone Fax April 17, 2013 General meeting of shareholders May 8, 2013 Results for the first quarter 2013 August 15, 2013 Half-year results 2013 November 5, 2013 Press and analyst conference for the third quarter 2013 Mailing list: Debt Investor Update, March Holcim Ltd 33
34 Disclaimer THIS PRESENTATION NEITHER CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION TO BUY ANY SECURITIES, AND IT DOES NOT CONSTITUTE AN OFFERING PROSPECTUS WITHIN THE MEANING OF ARTICLE 652a OR ARTICLE 1156 OF THE SWISS CODE OF OBLIGATIONS, AN OFFERING PROSPECTUS WITHIN THE MEANING OF THE SWISS FEDERAL ACT ON COLLECTIVE INVESTMENT SCHEMES OR A LISTING PROSPECTUS WITHIN THE MEANING OF THE LISTING RULES OF THE SIX SWISS EXCHANGE. INVESTORS SHOULD TAKE THEIR INVESTMENT DECISION TO BUY OR SUBSCRIBE ANY SECURITIES OF HOLCIM LTD SOLELY ON THE BASIS OF THE RELEVANT OFFERING CIRCULAR. THESE MATERIALS ARE NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES. THESE MATERIALS DO NOT CONSTITUTE OR FORM A PART OF ANY OFFER OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA. THE SECURITIES MENTIONED HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE SECURITIES ACT ). THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS (AS SUCH TERM IS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFER OF SECURITIES IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA. IN MEMBER STATES OF THE EEA THAT AS OF THE DATE OF THIS PRESENTATION HAVE IMPLEMENTED THE DIRECTIVE 2003/71/EC (THE PROSPECTUS DIRECTIVE ), THIS PRESENTATION AND ANY SUBSEQUENT OFFER IS DIRECTED ONLY AT PERSONS WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF ARTICLE 2(1)(E) OF THE PROSPECTUS DIRECTIVE ( QUALIFIED INVESTORS ). ANY PERSON IN A RELEVANT MEMBER STATE WHO ACQUIRES THE SECURITIES DESCRIBED HEREIN IN ANY OFFER OR TO WHOM ANY OFFER OF SUCH SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR AND THAT IN THE CASE OF ANY SUCH SECURITIES ACQUIRED BY IT AS A FINANCIAL INTERMEDIARY, AS THAT TERM IS USED IN ARTICLE 3(2) OF THE PROSPECTUS DIRECTIVE, (I) SUCH SECURITIES HAVE NOT BEEN ACQUIRED BY IT ON BEHALF OF, NOR HAVE THEY BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE TO, PERSONS IN ANY RELEVANT MEMBER STATE OTHER THAN QUALIFIED INVESTORS, OR (II)WHERE SUCH SECURITIES HAVE BEEN ACQUIRED BY IT ON BEHALF OF PERSONS IN ANY RELEVANT MEMBER STATE OTHER THAN QUALIFIED INVESTORS, THE OFFER OF SUCH SECURITIES TO IT IS NOT TREATED UNDER THE PROSPECTUS DIRECTIVE AS HAVING BEEN MADE TO SUCH PERSONS. THE SECURITIES DESCRIBED IN THIS DOCUMENT WILL NOT BE OFFERED IN AUSTRALIA EXCEPT TO CERTAIN PERSONS TO WHOM AN OFFER MAY BE MADE WITHOUT DISCLOSURE UNDER SECTION 708(8) OR SECTION 708(11) OF THE CORPORATIONS ACT THIS PRESENTATION IS NOT INVESTMENT OR FINANCIAL PRODUCT ADVICE AND IS NOT INTENDED TO BE THE BASIS OF AN INVESTMENT DECISION. IT DOES NOT TAKE INTO ACCOUNT THE INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR NEEDS OF ANY INVESTOR. BEFORE MAKING ANY INVESTMENT IN HOLCIM, INVESTORS SHOULD CONSIDER WHETHER SUCH AN INVESTMENT IS APPROPRIATE TO THEIR PARTICULAR INVESTMENT NEEDS, OBJECTIVES AND FINANCIAL CIRCUMSTANCES AND OBTAIN PROFESSIONAL ADVICE IF NECESSARY. THIS DOCUMENT IS BEING DISTRIBUTED ONLY TO, AND IS DIRECTED AT (a) PERSONS WHO ARE OUTSIDE THE UNITED KINGDOM OR (b) INVESTMENT PROFESSIONALS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE ORDER ) OR (c) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED, FALLING WITHIN ARTICLE 49(2)(a) TO (d) OF THE ORDER (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS RELEVANT PERSONS ). THE SECURITIES TO WHICH THIS DOCUMENT RELATES ARE AVAILABLE ONLY TO, AND ANY INVITATION, OFFER OR AGREEMENT TO SUBSCRIBE, PURCHASE OR OTHERWISE ACQUIRE SUCH SECURITIES WILL BE AVAILABLE ONLY TO OR WILL BE ENGAGED IN ONLY WITH, RELEVANT PERSONS. ANY PERSON WHO IS NOT A RELEVANT PERSON SHOULD NOT ACT OR RELY ON THIS DOCUMENT OR ANY OF ITS CONTENTS. FORWARD-LOOKING STATEMENTS: THIS PRESENTATION CONTAINS FORWARD-LOOKING STATEMENTS. NO ASSURANCE CAN BE GIVEN THAT SUCH EXPECTATIONS WILL PROVE TO HAVE BEEN CORRECT. ACCORDINGLY, RESULTS COULD DIFFER MATERIALLY FROM THOSE SET OUT IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS. YOU ARE ADVISED TO READ THIS PRESENTATION AND, ONCE AVAILABLE, THE OFFERING CIRCULAR IN THEIR ENTIRETY FOR A FURTHER DISCUSSION OF THE FACTORS THAT COULD AFFECT THE GROUP S FUTURE PERFORMANCE. IN LIGHT OF THESE RISKS, UNCERTAINTIES AND ASSUMPTIONS, THE EVENTS DESCRIBED IN THE FORWARD-LOOKING STATEMENTS IN THIS PRESENTATION MAY NOT OCCUR. Debt Investor Update, March Holcim Ltd 34
35
Société Générale's Premium Review Conference
Strength. Performance. Passion. Société Générale's Premium Review Conference Bernard Fontana, CEO Holcim Group Société Générale's Premium Review Conference 2012 Holcim Ltd Agenda Assessing our strategy
More informationChasing 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 informationSociété Générale Premium Review Conference Bernard Fontana, CEO Holcim Group Paris, December 4, 2013. 2013 Holcim Ltd
Société Générale Premium Review Conference Bernard Fontana, CEO Holcim Group Paris, December 4, 2013 Agenda Holcim Strategy and Positioning - base for value creation Holcim Leadership Journey Proactive
More informationSecond 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 informationQ1/2015 Results VTG AG Connecting worlds. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015
Q1/2015 Results VTG AG Connecting worlds Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015 Table of content 1 Discussion of Q1/2015 2 Outlook FY 2015 3 Questions & Answers 4 Financial Calendar
More informationCompany Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015
Company Presentation VTG AG Connecting worlds Analyst Conference April 14, 2015 Table of content 1 Highlights 2014 2 Performance & Financials 2014 3 Update on Strategy 4 Outlook 2015 5 Appendix 1 Executive
More informationFull 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 information2013 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 informationSBERBANK GROUP S IFRS RESULTS. March 2015
SBERBANK GROUP S IFRS RESULTS 2014 March 2015 SUMMARY OF PERFORMANCE FOR 2014 STATEMENT OF PROFIT OR LOSS Net profit reached RUB 290.3bn (or RUB 13.45 per ordinary share), compared to RUB 362.0bn (or RUB
More informationFull 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 information2013 Second Quarter Review July 26, 2013 1
213 Second Quarter Review July 26, 213 1 Panalpina Group Basel, July 26, 213 213 Second Quarter Review 213 Second Quarter Review July 26, 213 2 Highlights and key figures Operating and financial review
More informationGlencore funding factsheet
Baar, Switzerland 6 October, 2015 Glencore funding factsheet Introduction Set out below is a summary of Glencore s financing arrangements. This largely consists of information already announced, mostly
More informationSberbank Group s IFRS Results for 6 Months 2013. August 2013
Sberbank Group s IFRS Results for 6 Months 2013 August 2013 Summary of 6 Months 2013 performance: Income Statement Net profit reached RUB 174.5 bn (or RUB 7.95 per ordinary share), a 0.5% decrease on RUB
More informationYear-end Report January-December 2015
Year-end Report January-December 20 Johan Dennelind, President & CEO Q4 20 high pace towards the new TeliaSonera Started to reduce presence in region Eurasia Continued business transformation Solid development
More informationNOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
Investor News NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN Bayer plans IPO for Covestro Listing on Frankfurt Stock Exchange intended in Q4 2015
More informationFull 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 informationKlöckner & 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 informationINVESTOR CALL RESULTS OF THE FISCAL YEAR 2014/15
INVESTOR CALL RESULTS OF THE FISCAL AR 2014/15 Mannheim, 13 May 2015 Oliver Windholz CEO Helmut Fischer CFO Disclaimer 2015 PHOENIX Pharmahandel GmbH & Co KG This document has been prepared by PHOENIX
More informationAnalysts and Investors conference call Q1 2014 results 15 May 2014
Analysts and Investors conference call Q1 2014 results 15 May 2014 DISCLAIMER This presentation has been prepared by Air Berlin PLC. No representation, warranty or undertaking, express or implied, is made
More informationKey figures as of June 30, 2013 1st half
Never standing still. Interim Report as of June 30, 2013 Contents 2 Key figures as of June 30, 2013 1st half 3 Key figures as of June 30, 2013 2nd quarter 6 Strong revenue growth 12 Consolidated interim
More informationQ1 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 informationHolcim Leadership Journey 2012-2014. May 14, 2012
Holcim Leadership Journey 2012-2014 Summary of the Holcim Leadership Journey 2012-2014 Focus on health and safety strengthen the social dialog Development and generation of leaders and talents By 2014
More informationResults 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 informationFocus on fleet customers SAF-HOLLAND Annual Financial Statements 2013
Focus on fleet customers SAF-HOLLAND Annual Financial Statements 213 Detlef Borghardt, CEO Wilfried Trepels, CFO March 13, 214 Agenda 1 Financials 3 2 Appendix 21 2 Executive Summary 1 2 3 Group sales
More information2013 Third Quarter Review October 25, 2013 1
October 25, 213 1 Panalpina Group October 25, 213 213 Third Quarter Review October 25, 213 2 Highlights and key figures Operating and financial review Outlook Growth in profitability and margins in the
More informationFINANCIAL RESULTS Q1 2016
FINANCIAL RESULTS Q1 2016 CFO Hallvard Granheim 28 th April 2016 Highlights Q1 Increase in underlying results (EBITDA) - Nordic prices are down 15% Q-on-Q - High production from Nordic hydropower assets
More informationElectricity 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 informationSAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013
SAF-HOLLAND Annual Financial Statements 212 Detlef Borghardt, CEO Wilfried Trepels, CFO March 14, 213 Executive Summary business volume successfully expanded in 212 1 Group sales increased yoy by 3.4%
More informationPfaeffikon SZ, 1 April 2010 Oerlikon Group today announces that it has reached agreement on the terms of a set of comprehensive financial
Media Release Agreement on comprehensive financial restructuring measures leads to sustainable, long-term capital structure and provides basis for future profitable growth of Oerlikon Cornerstones of the
More informationBOŚ S.A. GROUP Q3 2012
BOŚ S.A. GROUP Q3 2012 PU\Warsaw\Bos\C20120377 Agenda 1. Key information about BOŚ S.A. Group 2. BOŚ S.A. Group after Q3 2012 Appendices 2 3 Key information about BOŚ S.A. Group BOŚ S.A. Group Bank Ochrony
More informationConcentration on core business leads to one-off effects in first quarter results of SCHMOLZ + BICKENBACH
Media release Concentration on core business leads to one-off effects in first quarter results of SCHMOLZ + BICKENBACH Revenue increased by 2.3% despite lower sales volume Impairment losses and provisions
More informationRecall Holdings Limited 31 December 2013 Trading Update
Document Management Solutions Secure Destruction Services Data Protection Services Recall Holdings Limited 31 December 2013 Trading Update February 19 th 2014 Presenters: CEO - Doug Pertz, CFO - Mark Wratten
More informationFINANCIAL INFORMATION CONSOLIDATED FINANCIAL STATEMENTS. Risk management
167 Risk management Group risk management Group Risk Management supports the Board of Directors, the Executive Committee and the management teams of the Group companies in their strategic decisions. Group
More informationIntercontinentalExchange Fourth Quarter & Year-End 2008. Earnings Presentation February 10, 2009
IntercontinentalExchange Fourth Quarter & Year-End 20 Earnings Presentation February 10, 2009 Forward-Looking Statements Forward-Looking Statements This presentation may contain forward-looking statements
More informationEutelsat Communications Full Year 2013-2014 Results. July 31, 2014
Eutelsat Communications Full Year 2013-2014 Results July 31, 2014 1 Agenda FY 2013-2014 highlights Operational performance Financial overview Outlook -2- FY 2013-2014: Key Figures Revenue Revenues of 1,348
More informationDrägerwerk AG & Co. KGaA Analyst Conference 2015. Frankfurt, March 11, 2015
Drägerwerk AG & Co. KGaA Analyst Conference 2015 Frankfurt, March 11, 2015 Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any
More informationHealth Care Worldwide. Citi - European Credit Conference September 24, 2015 - London
Health Care Worldwide Citi - European Credit Conference September 24, 2015 - London Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties.
More informationH1 2014 RESULTS AND BUSINESS UPDATE
H1 2014 RESULTS AND BUSINESS UPDATE Strong top line growth of 104% in GMV and margin improvement for Proven Winners Rocket Internet s performance on track and in line with expectations foodpanda grew into
More informationKlöckner & 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 informationHalf year results 2011
Half year results 2011 29 July 2011 Bert De Graeve, Chief Executive Officer Bruno Humblet, Chief Financial Officer Address by Bert De Graeve, Chief Executive Officer Introductory remark The consolidated
More informationGrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%
GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue
More information1Q 2015 Financial results
1Q 2015 Financial results Financial analysts meeting April 28 th, 2015 1 1 Highlights 2 Commercial & Risk overview 3 Year-to-date results 4 Appendices 2 1Q 2015 Financial highlights Turnover reaches 670.3
More informationVOLEX INTERIM RESULTS TO OCTOBER 5 2014. Christoph Eisenhardt, CEO Nick Parker, CFO November 2014
VOLEX INTERIM RESULTS TO OCTOBER 5 2014 Christoph Eisenhardt, CEO Nick Parker, CFO November 2014 Disclaimer This Presentation has been prepared by Volex PLC (the Company ) in connection with the publication
More informationSoftware AG Results 1 st Quarter 2015 (IFRS, unaudited)
Software AG Results 1 st Quarter (IFRS, unaudited) April 29, 1 Safe Harbor This presentation includes forward-looking statements based on the beliefs of Software AG management. Such statements reflect
More informationCIO Latin America Summit, Panama
Strength. Performance. Passion CIO Latin America Summit, Panama The IT Shared Service Center A challenge and leadership journey! LASER IT - Service Center, Edson Massami Tsuda, 2013-01-15 Agenda 1. Holcim
More informationABENGOA. 2014: Financial Review. Barbara Zubiria. 8th Annual Analyst and Investor Day. EVP, Capital Markets & IR
Innovative Technology Solutions for Sustainability ABENGOA 2014: Financial Review Barbara Zubiria EVP, Capital Markets & IR 8th Annual Analyst and Investor Day April 3 & 4, 2014 Forward-looking Statement
More informationEtisalat Group. Aspire Forward. Q1 2014 Results Presentation 28 April 2014
Etisalat Group Aspire Forward Q1 2014 Results Presentation 28 April 2014 Disclaimer Emirates Telecommunications Corporation and its subsidiaries ( Etisalat or the Company ) have prepared this presentation
More informationAUSTRIAN POST INVESTOR PRESENTATION Q1 2016. Georg Pölzl/CEO, Walter Oblin/CFO Vienna, May 13, 2016
AUSTRIAN POST INVESTOR PRESENTATION Q1 2016 Georg Pölzl/CEO, Walter Oblin/CFO Vienna, May 13, 2016 1. HIGHLIGHTS AND OVERVIEW 2. Strategy Implementation 3. Group Results Q1 2016 4. Outlook 2016 INVESTOR
More informationQ1 2016 Results Conference Call
Q1 2016 Results Conference Call Karim Bohn, CFO 10 May 2016 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse 26 86150 Augsburg T +49 821 50910-000 F +49 821 50910-999 immobilien@patrizia.ag www.patrizia.ag
More informationW.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9
W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 News Release GRAINGER REPORTS RESULTS FOR THE 2015 FIRST QUARTER Revises 2015 Guidance Quarterly Summary Sales of $2.4 billion, up 2 percent Operating
More informationJohn Deere Financial Portfolio and Funding. Deere & Company August 2013
John Deere Financial Portfolio and Funding Deere & Company August 2013 Safe Harbor Statement & Disclosures This presentation includes forward-looking information subject to important risks and uncertainties.
More informationRHEINMETALL AG THE TECHNOLOGY GROUP FOR SECURITY AND MOBILITY. Conference Call 9M 2014 Düsseldorf November 6, 2014
RHEINMETALL AG THE TECHNOLOGY GROUP FOR SECURITY AND MOBILITY Conference Call 9M 2014 Düsseldorf November 6, 2014 RHEINMETALL AG 2014 Rheinmetall Group Growth and risks Ambivalent markets for security
More informationTHE WAY TO MAKE IT. Results 2013 and Outlook 2014. Agenda. 26 March 2014. Results 2013. Focus and outlook 2014 Discussion
Results 2013 and Outlook 2014 26 March 2014 26 March 2014 / Results 2013 and Outlook 2014 / 1 Agenda Results 2013 Operational performance Financial performance Focus and outlook 2014 Discussion 26 March
More informationApplus+ 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 informationNordex 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 informationEarnings 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 informationFirst Half 2015 Results (January-June) Madrid, July 24 th 2015
First Half 2015 Results (January-June) Madrid, July 24 th 2015 Table of Contents 1. 1H 2015 Highlights 2. Backlog Execution 3. Update on Tulpar Transaction 4. Commercial Activity 5. Profit & Loss 6. Cash
More informationQ1 Trading Update, FY 2011
ARYZTA AG Q1 Trading Update, FY 2011 29 November 2010 Forward Looking Statement This document contains forward looking statements which reflect management s current views and estimates. The forward looking
More informationConference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO. February 10, 2016 ON THE RIGHT TRACK
Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO February 10, 2016 ON THE RIGHT TRACK On the right track Heidelberg is on track - the improvement in results due to the strategic realignment
More informationProviding Trading Opportunities in a Sound Marketplace
Providing Trading Opportunities in a Sound Marketplace Dec/2013 Classification of the Information Public USD Billion Million Active Market with Liquid Products Equities Market Market Cap of USD 1 trillion
More informationK+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 informationAnnual Results 2008/2009
Annual Results 2008/2009 Contents Financial statements Financial statements The market Strategy The market Faiveley Transport Outlook Strategy Outlook Outlook 2 Financial statements Financial statements
More informationRAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16
RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS Earnings Presentation Q2 FY16 Company Overview COMPANY OVERVIEW Rajesh Exports Ltd. (REL) was incorporated in 1989. Currently REL is a leader
More informationThird quarter results 2014
Third quarter results 2014 Highlights Third quarter 2014 High operational activity H6 rig upgrade completed ahead of time Cooperation with KBR for Sverdrup Study awarded for Subsea on a Stick Order backlog
More informationPIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS
FULL YEAR RESULTS FINANCIAL RESULTS PIERRE JEAN SIVIGNON Deputy Chief Executive Officer, Chief Financial Officer FURTHER PROFIT GROWTH IN 2015 Variation at (in m) 2014 2015 (1) constant exch. rates Variation
More informationInvestor conferences Asia, United Kingdom and United States September and October 2015
MARKET ANNOUNCEMENT Computershare Limited ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile
More informationSTAR CONFERENCE 2015 Milan
STAR CONFERENCE 2015 Milan Elica Corporation Today N#1 Player Worldwide in Hoods 2014 Turnover 391.9 M > 3500 Employees 2 19 Mln Hoods + Motors Cooking Net Sales: Own Brand 41% Client Brand 59 % 2 & 3
More informationFY 2014 Results March 19, 2015
FY 2014 Results March 19, 2015 1 This document has been prepared by Maire Tecnimont S.p.A. (the Company ) solely for use in the presentation of its results. This document does not constitute or form part
More informationEtisalat Group. Q4 2014 Results Presentation
Etisalat Group Q4 2014 Results Presentation 26 th February 2015 Disclaimer Emirates Telecommunications Corporation and its subsidiaries ( Etisalat or the Company ) have prepared this presentation ( Presentation
More informationConfirmation Code: 2977298
DATE: 26 February 2014 Attached is the Presentation regarding Pact s Interim Financial Results for the half-year ended 31 December 2013. The Presentation will occur at 10am (Melbourne time) today. Dial
More informationKuehne + Nagel International AG Analyst Conference Call Q1 Results 2014
Kuehne + Nagel International AG Analyst Conference Call Q1 Results 2014 April 14, 2014 Schindellegi, Switzerland Forward-Looking Statements This presentation contains forward-looking statements. Such statements
More informationNordex SE Conference Call Q3 2014. Hamburg 13 November 2014
Nordex SE Conference Call Q3 2014 Hamburg 13 November 2014 AGENDA 1. Highlights 9m 2014 Dr. Jürgen Zeschky 2. Market snapshots Dr. Jürgen Zeschky 3. Operational progress Dr. Jürgen Zeschky 4. Financials
More informationFORACO INTERNATIONAL REPORTS Q3 2014
NEWS RELEASE FORACO INTERNATIONAL REPORTS Q3 2014 Toronto, Ontario / Marseille, France Tuesday, November 4, 2014 Foraco International SA (TSX:FAR) (the Company or Foraco ), a leading global provider of
More informationXING Q2 2012 results presentation. August 14, 2012
XING Q2 2012 results presentation August 14, 2012 Disclaimer This presentation was produced in August 2012 by XING AG (the "Company") solely for use as an information source for potential business partners
More information2 N D Q U A R T E R 2 0 1 6. O s l o, 1 8 J u l y 2 0 1 6
2 N D Q U A R T E R 2 1 6 O s l o, 1 8 J u l y 2 1 6 Agenda Per A Sørlie, President & CEO Highlights Business areas Outlook Per Bjarne Lyngstad, CFO Financial performance 2 Highlights 2 nd quarter 216
More informationLafargeHolcim announces Q4 and FY 2015 results
Zurich, March 7, 206 LafargeHolcim announces Q4 and FY 205 results CHF 83m free cash flow drives CHF bn of debt reduction in fourth quarter, despite continuing challenging conditions in selected markets
More informationKuehne + Nagel International AG Analyst Conference Call Q1 results 2015. April 14, 2015 (CET 14.00) Schindellegi, Switzerland
Kuehne + Nagel International AG Analyst Conference Call Q1 results 2015 (CET 14.00) Schindellegi, Switzerland Forward-looking statements This presentation contains forward-looking statements. Such statements
More informationQ3/2015 Results Analyst and Investor Conference Call. 29 October 2015
Q3/2015 Results Analyst and Investor Conference Call 29 October 2015 Deutsche Börse Group 1 Highlights Q3/2015 Results Presentation Index derivatives and cash equities benefitted from higher volatility;
More informationConference Call. WASHTEC AG H1 2015 Report
Conference Call WASHTEC AG H1 2015 Report. Strongest H1 in WashTec s history Revenues (in m): + 13,2% incl. FX EBIT (in m): more than doubled Net Cash Flow (in m) 160.6 13.8 12.9 139.9 141.9 5.9 7.7 7.3
More informationCorporate Communications Zürcherstrasse 156 CH-8645 Jona/Switzerland
Corporate Communications Holcim Ltd Zürcherstrasse 156 CH-8645 Jona/Switzerland Phone +41 58 858 87 10 Fax +41 58 858 87 19 Media release Third-quarter 2004: Holcim on track for success the positive margin
More informationGrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014
GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 Schiphol, the Netherlands 18 March 2015. GrandVision N.V. publishes Full Year and Quarter 2014 results. 2014 Highlights Revenue grew
More informationCash Drivers and Enterprise Value
Cash Drivers and Enterprise Value Global Investor Forum 2009, Broughton, 1 st & 2 nd April 2009 Gérard Adsuar Corporate Executive Finance & Treasury, EADS 1 1 Safe Harbour Statement Disclaimer This presentation
More information2014 Half-Year Results
Copyright: Library Lafarge - Charles Plumey-Faye - Rudy Ricciotti (architect) France, Marseille Mucem (Museum of European & Mediterranean Civilizations) 2014 Half-Year Results Jean-Jacques Gauthier July
More informationConsolidated and Non-Consolidated Financial Statements
May 13, 2016 Consolidated and Non-Consolidated Financial Statements (For the Period from April 1, 2015 to March 31, 2016) 1. Summary of Operating Results (Consolidated) (April 1,
More informationGroup Financial Outlook and Strategy. Mark Langer, CFO Paris, November 19, 2014
Investor Day 2014 Group Financial Outlook and Strategy Mark Langer, CFO Paris, November 19, 2014 HUGO BOSS 19-Nov-14 2 Agenda Review of past financial performance Current trading update Financial implications
More informationDr. 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 informationInterim financial report third quarter 2014 Investor presentation. Koen Van Gerven, CEO Pierre Winand, CFO
Interim financial report third quarter 204 Investor presentation Koen Van Gerven, CEO Pierre Winand, CFO Brussels November, 4th 204 Investor presentation - Interim financial report 3Q4 2 Financial Calendar
More informationDeutsche Bank 17th Annual European Leveraged Finance Conference. June 14, 2013 London
Deutsche Bank 17th Annual European Leveraged Finance Conference June 14, 2013 London Safe Harbor Statement: This presentation includes certain forward-looking statements within the meaning of Section 27A
More informationNordex SE Conference Call FY 2014
Nordex SE Conference Call FY 2014 Frankfurt 23 March 2015 AGENDA 1. Highlights Dr. Jürgen Zeschky 2. Operational progress Dr. Jürgen Zeschky 3. Financials 2014 Bernard Schäferbarthold 4. Market development
More informationFY 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 informationGE Capital. Liquidity and Funding Overview. Global issuer of long and short term debt. 2012 third quarter
Liquidity and Funding Overview Global issuer of long and short term debt This document contains forward-looking statements - that is, statements related to future, not past, events. In this context, forward-looking
More informationGE Capital. Long Term Debt Overview. Unsecured debt with maturities from 1-30 years
Long Term Debt Overview Unsecured debt with maturities from 1-30 years "This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
More informationConsolidated results for the 9 months ended December 31, 2010
Consolidated results for the 9 months ended December 31, 2010 Zenji Miura, Corporate Executive Vice President, CFO Ricoh Company, Ltd. Forward-looking statements The plans, prospects, strategies and other
More informationKlöckner & 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 informationMMS Group FY15 Results Presentation. August 2015
August 2015 Group Overview 2 Overview MMS generated a record financial result in FY15 o EBITDA up 20%, NPAT up 23%, EPS up 18% MMS has entered a new stage in its evolution o Step change in scale, competitiveness
More informationThird quarter results as of December 31, 2014. Investor presentation
Third quarter results as of December 31, 2014 Investor presentation February, 26 th 2015 Disclaimer Certain statements included or incorporated by reference within this presentation may constitute forwardlooking
More informationConverting vision into value
Converting vision into value June 10-11 2015 Karim Hajjar Chief Financial Officer Member of the Executive Committee Agenda Update on 2016 targets Cash conversion Returns 2 2016 targets confirmed Divestments,
More informationKlöckner & Co SE A Leading Multi Metal Distributor
Klöckner & Co SE A Leading Multi Metal Distributor UBS Global Basic Materials Conference June 10, 2009 in London Gisbert Rühl CFO Agenda 1. Overview 2. Q1 results 2009 and market update 3. Financing and
More informationDeutsche Global Infrastructure Fund (TOLLX)
Global Infrastructure Fund (TOLLX) A step beyond MLPs Important risk information Any fund that concentrates in a particular segment of the market will generally be more volatile than a fund that invests
More informationA X A L T A C O A T I N G S Y S T E M S. Q1 2016 FINANCIAL RESULTS April 28, 2016
A X A L T A C O A T I N G S Y S T E M S Q1 2016 FINANCIAL RESULTS April 28, 2016 Legal Notices Forward-Looking Statements This presentation and the oral remarks made in connection herewith may contain
More information