Société Générale Premium Review Conference Bernard Fontana, CEO Holcim Group Paris, December 4, Holcim Ltd

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Société Générale Premium Review Conference Bernard Fontana, CEO Holcim Group Paris, December 4, 2013. 2013 Holcim Ltd"

Transcription

1 Société Générale Premium Review Conference Bernard Fontana, CEO Holcim Group Paris, December 4, 2013

2 Agenda Holcim Strategy and Positioning - base for value creation Holcim Leadership Journey Proactive Asset Management - recently announced transactions Regional overview Conclusions 2

3 Global construction growth is driven by emerging markets and recovery in Europe and US Construction Industry Value Outlook until 2017E (USD bn) 6'000 Share of market E - Emerging markets 29% 48% - Developed markets 71% 52% 5'000 CAGR 13-17: 7% 4'000 CAGR 08-12: 3% Asia Pacific (emerging) 10% Asia Pacific (mature) 3'000 16% 1% Latin America 6% 8% Africa / Middle East 2'000 1'000 8% 7% -1% 0% 11% 3% 12% North America Europe (emerging) -6% 4% Europe (mature) E 2014E 2015E 2016E 2017E Source: BMI Market Outlook,

4 Holcim s Strategy House base for value creation 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 4

5 Positioning Holcim s cement market portfolio Cumulated population Growth E 12% 10% 8% 6% 4% 2% 0% -2% Oceania 4.8 Mt North America 22.0 Mt Asia Pacific excl. India, Oceania, China 43.5 Mt Western Europe 25.9 Mt Africa Middle East 23.2 Mt Eastern Europe 23.3 Mt Mature markets Emerging markets Size of circles represents influenced capacity 2012 Latin America 35.5 Mt India 60.5 Mt China 60.0 Mt Demand growth -4% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% GDP per capita (at PPP) CAGR E Sources: Holcim, US Census Bureau, Datastream IMF: World Economic Outlook, January

6 Positioning Holcim s aggregates market portfolio Cumulated population Growth E 12% 10% 8% 6% 4% 2% 0% -2% North America 41.3 Mt Oceania 23.9 Mt Western Europe 64.8 Mt Asia excl. Oceania 3.8 Mt Latin America 14.0 Mt Mature markets Africa Middle East 2.3 Mt Emerging markets Size of circles represents consolidated sales volumes 2012 Eastern Europe 9.5 Mt Demand growth -4% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% GDP per capita (at PPP) CAGR E Sources: Holcim, US Census Bureau, Datastream IMF: World Economic Outlook, January

7 Agenda Holcim Strategy and Positioning - base for value creation Holcim Leadership Journey Proactive Asset Management - recently announced transactions Regional overview Conclusions 7

8 The Holcim Leadership Journey and a focused capital allocation to increase short and long term returns 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 * In similar markets conditions. Corresponds to a ROIC BT of > 11.8% 8

9 Holcim Leadership Journey is on track All figures in million CHF Target achieved Target 9M Customer Excellence (operating profit impact) Customer focus -Value management -Pricing policies -Marketing and sales forces skills and motivation Cost Leadership (operating profit impact) > 1,000 -Energy and AFR > 300 -Logistics > 250 -Procurement > 250 -Fixed cost > 200 Total increase in operating profit 1) > 1,500 Cash cost to achieve the savings (one-off) < ) 0 3) 0 Additional CAPEX net 2) ) The base line is the financial year 2011 amounting to CHF 2,308 million (excluding one-off charges 2011 of CHF 375 m and without fluctuations in currency, changes in scope of consolidation and similar market conditions) 2) Additional CAPEX net will come from prioritization of CAPEX based on the speed of the returns (ROIC). Current energy fund of CHF 100 million will be maintained through the period ) Original amount was projected < CHF 120 million for 2013; having spent already CHF 239 million, no additional restructuring cash costs are foreseen at this stage 9

10 Agenda Holcim Strategy and Positioning - base for value creation Holcim Leadership Journey Proactive Asset Management - recently announced transactions Regional overview Conclusions 10

11 Value creative portfolio adjustments in Europe Acquisition of Cemex s operations in North-Western Germany Sale of Holcim Česko to Cemex Business combination of Holcim and Cemex in Spain where Holcim will hold a 25% shareholding One time cash payment of EUR 70 million by Holcim to Cemex Closing expected in H1 2014, subject to due diligence, regulatory and other approvals + Laegerdorf Beckum-Kollenbach Hoever Dotternhausen Ruedersdorf Prachovice Morata de Jalón Castillejo Buñol Alcanar Lloseta + Integrated Cement Plant Grinding Station Slag Granulator Jerez Gador Alican te Carboneras 11

12 Transaction with synergies and strategic relevance driven by strong geographical focus Holcim to optimize its portfolio in Europe through a series of interlinked transactions with Cemex in Germany, Spain and the Czech Republic Strengthen European footprint for the future and adjust to new economic reality Create value through stronger geographic footprint in North-Western Germany and connect current Northern Germany and France Benelux operations Additional operating EBITDA and synergies expected to be at least EUR 20 million p.a. Combine operations in Spain to add value and benefit from expected synergies 12

13 Recent developments / Next steps Recent developments European Union antitrust regulators to further investigate series of transactions with Cemex EU Commission opened a Phase II investigation of the German transaction on October 22nd, Phase II could take until end of April 2014 (90 to max. 125 working days). EU Commission issued a formal decision on November 14th, 2013 to submit extensive economic data. Due to this formal decision, Phase II is on hold until November 29th, Next steps Decision of the European Commission by March / April, 2014 Transaction expected to be closed in Q

14 ACL acquires Holcim s 50.01% equity stake in ACC Evolution of current to target shareholder structure Interlinked transaction steps Step I: Acquire 24% in Holcim India Step II: Merge Holcim India into ACL Target Structure 40.79% 0.29% Holcim 40.79% 0.29% Holcim Holcim 0.29% 24% 76% Holcim India 9.76% 50.01% 24% 76% Holcim India 9.76% 50.01% ACL 61.39% 50.01% ACL ACC ACL ACC ACC Holcim India value of INR 14,584 crore (USD ~2.4 bn) consists of 50.01% stake in ACC for INR 11,727 crore (USD ~2.0 bn) and 9.76% stake in ACL for INR 2,857 crore (USD ~0.4 bn) Two step transaction for a total deal value of INR 11,727 crore (USD ~2 bn) Step I: ACL acquires 24% of Holcim India for INR 3,500 core (USD ~0.6 bn) Step II: ACL issues net 434 mio equity shares for a total value of INR 8,226 crore (USD ~1.4 bn) to Holcim post cancellation of Holcim India s 9.76% stake in ACL upon merger The transaction steps are inter-linked and subject to requisite approvals 14

15 Value creation opportunity Improve Structure Unlock Synergies Get Scale Maintain Front-end Commit to India Group More efficient capital structure & EPS accretive Re-investment of cash into business Collaboration under India Management structure Synergy potential of approximately INR 900 crore (USD 150 mio) through supply chain and fixed cost optimisation Consolidated pan-india footprint with 58 mio tpa capacity Confirmed >10 mio tpa capacity expansion underway in both companies; additional projects in planning (e.g. ACC Ametha) Strong and debt free balance sheet; cash flow diversification Complementary premium brands will continue to exist Independent go-to-market strategy with strong dealer networks / distribution in respective markets Investment in Marwar Mundwa Intent to increase economic ownership in ACC over time ACC is a perfect fit, being a Holcim Group company already 15

16 Recent developments / Next steps Recent developments November 19 th - closure of postal ballot for ACL minority shareholders November 21 st voting results announcement: 68.5% of ACL s minority shareholders voted in favor of the deal November 23 rd Court Convened Extraordinary General Meeting ACL received approval from 90.4% of shareholders for the proposed restructuring Next steps High Court approval (Delhi and Gujarat) on the scheme of amalgamation under Sec of the Companies Act, 1956 (regulatory process) Clearance from Foreign Investment Promotion Board (FIPB) Transaction expected to be closed in Q2 / Q

17 Agenda Holcim Strategy and Positioning - base for value creation Holcim Leadership Journey Proactive Asset Management - recently announced transactions Regional overview Conclusions 17

18 Asia Pacific affected by fall in demand in India Growth in the construction industry remained solid Drop in sales in all segments: in cement primarily due to harsher economic situation in India and in aggregates due to Holcim Australia Holcim Philippines benefitted from strong demand and better prices Despite progress on the cost front, weaker results in India and negative currency translation effects led to a decrease in operating EBITDA 1 Restated due to changes in accounting policies. 18

19 Latin America still on growth track Construction industry built on last year s solid performance Higher cement deliveries in Ecuador, Argentina and Costa Rica Divestments and temporary market exits lowered aggregates sales volumes significantly; ready-mix concrete shipments also decreased Major efforts to keep costs in check led to higher operating EBITDA Chile, Colombia and Ecuador posted significantly better results 1 Restated due to changes in accounting policies. 2 The percentage change like-for-like adjusted for internal trading volumes eliminated in Corporate/Eliminations amounts to -0.6%. 19

20 Europe making further headway European construction markets still lacked economic stimuli Shipments of cement increased primarily due to the CIS/Caspian region Sales volumes of aggregates as well as ready-mix concrete decreased Capacity adjustments and cost-cutting measures led to significantly better operating EBITDA and strong organic growth 1 Restated due to changes in accounting policies 20

21 North America continues its recovery The US construction industry became slightly more dynamic, but in Canada economic growth slowed down Holcim US recorded slight decrease in cement sales and Aggregate Industries US sold more aggregates and readymix concrete Holcim Canada was unable to compensate weather-related setbacks Improved performances in the US led to solid organic growth 1 Restated due to changes in accounting policies 21

22 Subdued economic situation in Africa Middle East Demand remained strong in Lebanon despite the turmoil in Syria Reduction in sales volumes in all segments, primarily due to Morocco Grinding stations in West Africa and Gulf region delivered less cement Declining sales volumes in Indian Ocean region Operating EBITDA was down mainly due to the weaker performance in Morocco 1 Restated due to changes in accounting policies 22

23 Agenda Holcim Strategy and Positioning - base for value creation Holcim Leadership Journey Proactive Asset Management - recently announced transactions Regional overview Conclusions 23

24 Conclusions Medium term construction industry growth of 7% is driven by emerging markets and the recovery in Europe and the US Holcim is well positioned to participate Self help measures remain an important part of earnings improvement; Holcim Leadership Journey well on track and with increasing momentum Proactive portfolio management in selected markets offer opportunities to create more value from the existing asset base Balanced use of cash for both organic and inorganic growth to deliver appropriate returns to shareholders resulting in a ROIC AT of at least of 8% Short-term, for 2013 Holcim expects on a like-for-like basis growth in operating EBITDA and operating profit coupled with a further improvement in margins 24

25 Contact information and event calendar Contact information Event calendar Bernhard A. Fuchs Michel R. Gerber Swetlana Iodko Investor Relations Phone Fax February 26, 2014 Press and analyst conference on annual results for 2013 April, 28, 2014 Results for the first quarter 2014 April 29, 2014 General meeting of shareholders July 30, 2014 Half-year results for 2014 Mailing list: 25

26 Disclaimer Cautionary statement regarding forward-looking statements This presentation may contain certain forward-looking statements relating to the Group s future business, development and economic performance. Such statements may be subject to a number of risks, uncertainties and other important factors, such as but not limited to (1) competitive pressures; (2) legislative and regulatory developments; (3) global, macroeconomic and political trends; (4) fluctuations in currency exchange rates and general financial market conditions; (5) delay or inability in obtaining approvals from authorities; (6) technical developments; (7) litigation; (8) adverse publicity and news coverage, which could cause actual development and results to differ materially from the statements made in this presentation. Holcim assumes no obligation to update or alter forward-looking statements whether as a result of new information, future events or otherwise. 26

Société Générale's Premium Review Conference

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 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

Debt Investor Update March 2013

Debt Investor Update March 2013 Strength. Performance. Passion. Debt Investor Update March 2013 IFZ - MAS Corporate Finance 20_10 Funding December 7, 2012, 14.10 17.50 Debt Investor Update 2013 Holcim Ltd Agenda Strategy and positioning

More information

Holcim Leadership Journey 2012-2014. May 14, 2012

Holcim 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 information

Unlocking Synergies. Deriving Further Value from the India Platform. Strength. Performance. Passion.

Unlocking Synergies. Deriving Further Value from the India Platform. Strength. Performance. Passion. Strength. Performance. Passion. Unlocking Synergies Deriving Further Value from the India Platform Short title, Department, Date yymmdd, Classification 2012 Legal entity Disclaimer /Safe Harbor Cautionary

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

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

Corporate Communications Zürcherstrasse 156 CH-8645 Jona/Switzerland

Corporate 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 information

Broad-based profit rise due to expansion and internal growth.

Broad-based profit rise due to expansion and internal growth. Corporate Communications Holcim Ltd Zürcherstrasse 156 CH-8645 Jona/Schweiz Tel. +41 58 858 87 10 Fax +41 58 858 87 19 Media release Broad-based profit rise due to expansion and internal growth. Higher

More information

LafargeHolcim reports Q results

LafargeHolcim reports Q results Zurich, August 5, 2016 LafargeHolcim reports Q2 2016 results Pricing and synergies drive improvements in operating margins and earnings Adjusted operating EBITDA margin up 210bps to 23.4% in Q2 Adjusted

More information

LafargeHolcim announces Q4 and FY 2015 results

LafargeHolcim 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 information

Reed Elsevier Results 2013 Erik Engstrom, CEO Duncan Palmer, CFO

Reed Elsevier Results 2013 Erik Engstrom, CEO Duncan Palmer, CFO Reed Elsevier Results Erik Engstrom, CEO Duncan Palmer, CFO FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act of

More information

FUCHS PETROLUB SE The leading independent lubricants manufacturer of the world

FUCHS PETROLUB SE The leading independent lubricants manufacturer of the world FUCHS PETROLUB SE The leading independent lubricants manufacturer of the world Dr. Alexander Selent, Vice Chairman & CFO Dagmar Steinert, Head of Investor Relations January 2014 The leading independent

More information

Health Care Worldwide

Health Care Worldwide Health Care Worldwide Goldman Sachs - Leveraged Finance Healthcare Conference March 4, 2014 New York Goldman Sachs Leveraged Finance Conference, Fresenius SE & Co. KGaA Copyright, March 4, 2014 Page 1

More information

2014 Half-Year Results

2014 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 information

Credit Suisse - Global Health Care Conference. March 1, 2012

Credit Suisse - Global Health Care Conference. March 1, 2012 Credit Suisse - Global Health Care Conference March 1, 2012 Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties. Future results

More information

Nine Months Good performance in the United States, United Kingdom and most countries in Asia Pacific and Latin America.

Nine Months Good performance in the United States, United Kingdom and most countries in Asia Pacific and Latin America. Nine Months 205 Nine Months 205 Nine month results impacted by merger and restructuring costs, adverse foreign exchange, economic slowdown in China and Brazil as well as softness in France and Switzerland.

More information

Q1/2015 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 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 information

MEDIA RELEASE SIKA WITH STRONG GROWTH IN EMERGING MARKETS

MEDIA RELEASE SIKA WITH STRONG GROWTH IN EMERGING MARKETS DATUM 1 / 6 Zugerstrasse 50 6341 Baar, Switzerland www.sika.com CONTACT TELEPHONE E MAIL Dominik Slappnig Corporate Communications & Investor Relations +41 58 436 68 21 slappnig.dominik@ch.sika.com SIKA

More information

CIO Latin America Summit, Panama

CIO 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 information

N E W S R E L E A S E INTERIM MANAGEMENT STATEMENT

N E W S R E L E A S E INTERIM MANAGEMENT STATEMENT N E W S R E L E A S E 19 November 2015 INTERIM MANAGEMENT STATEMENT CRH plc, the international building materials group, issues the following Interim Management Statement in accordance with the reporting

More information

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015

Company 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 information

GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%

GrandVision 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 information

Dufry generates EBITDA of CHF 147 million and Net Cash Flow from Operations of CHF 119 million in the first quarter 2016

Dufry generates EBITDA of CHF 147 million and Net Cash Flow from Operations of CHF 119 million in the first quarter 2016 Media Release Basel, May 3, 2016 Dufry generates EBITDA of CHF 147 million and Net Cash Flow from Operations of CHF 119 million in the first quarter 2016 Dufry had a good start into 2016 with a turnover

More information

Interim announcement. 1 st Quarter

Interim announcement. 1 st Quarter Interim announcement 1 st Quarter 2015 www.danfoss.com Danfoss at a glance Danfoss engineers technologies that enable the world of tomorrow to do more with less. We meet the growing need for infrastructure,

More information

Group Quarterly Statement January March 2016

Group Quarterly Statement January March 2016 Sharing values Growing Together Group Quarterly Statement January March 2016 Group sales increase 10 % to 732 million Sales increase 14 % compared to the previous year at local currency Solid growth in

More information

FIRST QUARTER REPORT 2008-04-25

FIRST QUARTER REPORT 2008-04-25 FIRST QUARTER REPORT This presentation contains forward looking statements. Such statements are based on our current expectations and are subject to certain risks and uncertainties that could negatively

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

H1 2015 Results. 12 August 2015

H1 2015 Results. 12 August 2015 H1 2015 Results Agenda Agenda H1 2015 at a glance Building industry outlook 2015 Outlook 2015 2 Stable operating margins Group net sales increase of 20.1% to CHF 1 308 million In local currencies, net

More information

Q3/2015 Results Analyst and Investor Conference Call. 29 October 2015

Q3/2015 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 information

2015 Half year results Strongly improved free cash flow, on track to achieve 2015 targets

2015 Half year results Strongly improved free cash flow, on track to achieve 2015 targets Investor News Geneva, 17 July 2015 2015 Half year results Strongly improved free cash flow, on track to achieve 2015 targets - Sales of CHF 2.2 billion, up 1.3% on a like-for-like basis - Project pipeline

More information

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3. FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;

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

Speech of the Board of Management. General Shareholders Meeting, 9 June 2015

Speech of the Board of Management. General Shareholders Meeting, 9 June 2015 Speech of the Board of Management General Shareholders Meeting, 9 June 2015 AGENDA Overview of the financial year Steven Holland, CEO Financial figures 2014 Georg Müller, CFO ConnectingChemistry Steven

More information

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013

Focus 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 information

P R E S S R E L E A S E

P R E S S R E L E A S E Paris, 5 May 2015 Coface begins 2015 with robust results: increased turnover and profitability in Q1 Growth in turnover : +5.3% at current scope and exchange rates (+2.3% at constant scope and exchange

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

Speech of the Board of Management. General Shareholders Meeting, 17 June 2014

Speech of the Board of Management. General Shareholders Meeting, 17 June 2014 Speech of the Board of Management General Shareholders Meeting, 17 June 2014 AGENDA Overview of the financial year 2013 Steven Holland, CEO Financial figures 2013 Georg Müller, CFO 24/7 on time worldwide

More information

Strong margin performance despite headwinds on topline

Strong margin performance despite headwinds on topline Strong margin performance despite headwinds on topline Q2 HIGHLIGHTS (Q2 08 vs. Q2 07) Revenues of 5.2 billion, down 1% ( -1% organically 1 ) Gross margin up 50 bps to 18.1% on an underlying 2 basis EBITA

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

Group Financial Outlook and Strategy. Mark Langer, CFO Paris, November 19, 2014

Group 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 information

BIC GROUP PRESS RELEASE CLICHY - 27 APRIL 2016

BIC GROUP PRESS RELEASE CLICHY - 27 APRIL 2016 Follow BIC latest news on @BicGroup FIRST QUARTER 2016 RESULTS BIC GROUP PRESS RELEASE CLICHY - 27 APRIL 2016 ROBUST ORGANIC SALES GROWTH DRIVEN BY INCREASED BRAND SUPPORT DECLINE IN NORMALIZED INCOME

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

FULL YEAR RESULTS March 2016

FULL YEAR RESULTS March 2016 FULL YEAR RESULTS 2015 15 March 2016 DISCLAIMER THIS COMMUNICATION CONTAINS STATEMENTS THAT CONSTITUTE FORWARD-LOOKING STATEMENTS INCLUDING, BUT NOT LIMITED TO, THOSE USING THE WORDS BELIEVES, ASSUMES,

More information

Adecco returns to growth in October

Adecco returns to growth in October Adecco returns to growth in October Improving revenue trends and strong profitability in Q3 2013 Q3 2013 HIGHLIGHTS Revenues flat in constant currency Gross margin of 18.7%, up 80 bps SG&A down 2% in constant

More information

PIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS

PIERRE 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 information

ANNUAL GENERAL MEETING. Hamburg, March 31, 2015

ANNUAL GENERAL MEETING. Hamburg, March 31, 2015 ANNUAL GENERAL MEETING Hamburg, March 31, 2015 DISCLAIMER Some of the statements made in this presentation contain forward-looking information that involve a number of risks and uncertainties. Such statements

More information

Recall Holdings Limited 31 December 2013 Trading Update

Recall 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 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

Investor & Analyst Presentation Acquisition of Centor US Holding Inc. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, July 28, 2015

Investor & Analyst Presentation Acquisition of Centor US Holding Inc. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, July 28, 2015 Investor & Analyst Presentation Acquisition of Centor US Holding Inc. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, July 28, 2015 Disclaimer 1. This presentation may contain certain forward-looking

More information

Q1 Trading Update, FY 2011

Q1 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 information

A Leading Global Health Care Group

A Leading Global Health Care Group A Leading Global Health Care Group Commerzbank German Investment Seminar January 11/12, 2016 For detailed financial information please see our annual/quarterly reports and/or conference call materials

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

*See note 4 to our Summary Financial Information table below concerning our current operational and reporting structure

*See note 4 to our Summary Financial Information table below concerning our current operational and reporting structure INTERIM REPORT 1(39) Nokia Corporation Interim Report for Q1 2014 FINANCIAL AND OPERATING HIGHLIGHTS First quarter 2014 highlights for continuing operations*: Nokia s non-ifrs diluted EPS in Q1 2014 of

More information

Goldman Sachs European Financials Conference Improving growth and profitability in life insurance. Bruno Pfister, Group CEO Berlin, 11 June 2008

Goldman Sachs European Financials Conference Improving growth and profitability in life insurance. Bruno Pfister, Group CEO Berlin, 11 June 2008 Goldman Sachs European Financials Conference Improving growth and profitability in life insurance Bruno Pfister, Group CEO Berlin, 11 June 2008 Agenda 1. Profitable growth: strong delivery since 2003 2.

More information

IMCD reports strong results for 2014

IMCD reports strong results for 2014 IMCD reports strong results for 2014 Rotterdam, The Netherlands 11 March 2015 - IMCD N.V. ( IMCD or Company ), a leading international speciality chemicals-focused distributor, today announces the 2014

More information

Release no. 7 2015 Report on the first quarter of 2015 To NASDAQ Copenhagen

Release no. 7 2015 Report on the first quarter of 2015 To NASDAQ Copenhagen Page 1/10 21 May 2015 Report on the first quarter 2015 ROCKWOOL International A/S Today the Board of Directors of ROCKWOOL International A/S has approved the following report on the first quarter 2015.

More information

A good start to the year, in line with expectations Danone continues to re-balance its model of growth

A good start to the year, in line with expectations Danone continues to re-balance its model of growth First-quarter 206 sales Press release Paris, April 9, 206 A good start to the year, in line with expectations Danone continues to re-balance its model of growth FIRST QUARTER 206 sales growth: +3.5% Solid

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

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London

Health 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 information

PROVIDING SOLUTIONS. 3 rd Quarter 2013 Results Investor and Analyst Conference Call 14 November 2013, 2:00 p.m. CET. Experience growth.

PROVIDING SOLUTIONS. 3 rd Quarter 2013 Results Investor and Analyst Conference Call 14 November 2013, 2:00 p.m. CET. Experience growth. PROVIDING SOLUTIONS 3 rd Quarter 2013 Results Investor and Analyst Conference Call 14 November 2013, 2:00 p.m. CET Experience growth. Highlights EBIT I in the first 9 months 556m (-11%) Fit for the future

More information

Significant result increase due to higher sales volumes and efficiency improvements

Significant result increase due to higher sales volumes and efficiency improvements Herrliberg, February 5, 2016 MEDIA INFORMATION EMS Group: Annual results 2015 Significant result increase due to higher sales volumes and efficiency improvements 1. Summary The EMS Group, with its companies

More information

First half of 2009: Nestlé delivers 3.5% organic growth combined with a 30 bps EBIT margin improvement

First half of 2009: Nestlé delivers 3.5% organic growth combined with a 30 bps EBIT margin improvement Press release First half of 2009: Nestlé delivers 3.5% organic growth combined with a 30 bps EBIT margin improvement CHF Millions Reported Jan.-June 2009 Change vs. Organic growth Reported Constant Currencies

More information

Makita Corporation. Consolidated Financial Results for the nine months ended December 31, 2007 (U.S. GAAP Financial Information)

Makita Corporation. Consolidated Financial Results for the nine months ended December 31, 2007 (U.S. GAAP Financial Information) Makita Corporation Consolidated Financial Results for the nine months ended (U.S. GAAP Financial Information) (English translation of "ZAIMU/GYOSEKI NO GAIKYO" originally issued in Japanese language) CONSOLIDATED

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

MAHINDRA CIE AUTOMOTIVE

MAHINDRA CIE AUTOMOTIVE MAHINDRA CIE AUTOMOTIVE June 2013 Industrial Group specialized in Managing High Value Added Processes 1 Table of Contents 1 Introduction to the Mahindra CIE Alliance 2 Rationale for the Alliance 3 Introduction

More information

TRADING STATEMENT FINANCIAL YEAR 2014/15

TRADING STATEMENT FINANCIAL YEAR 2014/15 METRO GROUP TRADING STATEMENT FINANCIAL YEAR 2014/15 P. 1 TRADING STATEMENT FINANCIAL YEAR 2014/15 METRO GROUP achieves sales target and confirms EBIT guidance Like-for-like sales growth of 1.5% in financial

More information

AUSTRIAN 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 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 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

Consolidated sales of 6,347 million euros, up 10% on a like-for-like basis (7% as reported)

Consolidated sales of 6,347 million euros, up 10% on a like-for-like basis (7% as reported) 14.18 Order intake surged 25% to 9.1 billion euros Sales came in at 6.3 billion euros, up 10% like for like (7% as reported) Operating margin (1) up 15% to 442 million euros, or 7.0% of sales Net income

More information

GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014

GrandVision 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 information

ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS

ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS Almere, The Netherlands October 28, 2015 ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2015 operating results

More information

Fiscal Year 2015 Third Quarter Conference Call

Fiscal Year 2015 Third Quarter Conference Call Fiscal Year 2015 Third Quarter Conference Call July 29, 2015 Copyright 2015 Rockwell Automation, Inc. All Rights Reserved. 2 Safe Harbor Statement This presentation includes statements related to the expected

More information

ACE: Leader in the European Automotive Components Market

ACE: Leader in the European Automotive Components Market ACE: Leader in the European Automotive Components Market ACE 2012-2015 Strategy 21/12/2011 Following on from our Current Report in December 2010, ACE s management herein presents its 2011 update on the

More information

Press Release. 2014 Q1 key figures Q1 14 Q1 13 Change

Press Release. 2014 Q1 key figures Q1 14 Q1 13 Change ABB reports four divisions on track, "Step change" program in Power Systems Orders stable on a like-for-like 1 basis, early-cycle trends remain positive Operational EBITDA 2 steady, excluding Power Systems

More information

2015 FULL YEAR RESULTS

2015 FULL YEAR RESULTS 2015 FULL YEAR RESULTS Thierry Le Hénaff Chairman and CEO 3 MARCH 2016 10-YEAR SUCCESSFUL TURNAROUND STRONG FINANCIALS x3 EBITDA 13.8% EBITDA margin (6.2% in 2005) 1.90 dividend* (no dividend at start)

More information

AUSTRIAN POST Q1 2012:

AUSTRIAN POST Q1 2012: AUSTRIAN POST Q1 2012: Revenue growth (+6.0%) and earnings improvement (EBITDA +7.0%) in Q1; outlook confirmed for 2012 Increased revenue Revenue up 6.0% above the prior-year quarter Good development in

More information

FOURTH QUARTER REPORT 2008 1

FOURTH QUARTER REPORT 2008 1 FOURTH QUARTER REPORT 2008 Copyright Telefon AB LM Ericsson 2009. All rights reserved FOURTH QUARTER REPORT 2008 1 FOURTH QUARTER REPORT HENRY STÉNSON Senior Vice President Communications 2008 2 Copyright

More information

9m RESULTS OCTOBER Harald Wilhelm I Chief Financial Officer

9m RESULTS OCTOBER Harald Wilhelm I Chief Financial Officer 1 9m RESULTS 2015 30 OCTOBER 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

Full year results. March 2012

Full year results. March 2012 2 0 1 1 Full year results March 2012 1 DISCLAIMER Safe Harbour Statement This presentation contains forward-looking statements (made pursuant to the safe harbour provisions of the Private Securities Litigation

More information

STAR CONFERENCE 2015 Milan

STAR 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 information

QUARTERLY FINANCIAL STATEMENTS AS AT 30 SEPTEMBER 2011

QUARTERLY FINANCIAL STATEMENTS AS AT 30 SEPTEMBER 2011 QUARTERLY FINANCIAL STATEMENTS AS AT 30 SEPTEMBER Media telephone conference 8 November Agenda Overview Financial highlights Jörg Schneider 2 Munich Re (Group) Jörg Schneider 4 Torsten Oletzky 13 Torsten

More information

FURTHER PROFIT GROWTH IN FIRST-HALF 2015

FURTHER PROFIT GROWTH IN FIRST-HALF 2015 FURTHER PROFIT GROWTH IN FIRST-HALF 2015 Net sales of 37.7bn, up +5.2% (+2.9% on an organic basis) Growth in Recurring Operating Income: 726m, +2.6% at constant rates Strong growth in adjusted net income,

More information

A Leading Global Health Care Group

A Leading Global Health Care Group A Leading Global Health Care Group HSBC Healthcare Day, November 12, 2014 For detailed financial information please see our annual/quarterly reports and/or conference call materials on www.fresenius.com/ir.

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

FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.

FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1. FOSSIL GROUP, INC. REPORTS THIRD QUARTER RESULTS Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.96 Updates Full Year Guidance and Provides Fourth Quarter Guidance

More information

Release no. 04 2014 Report on first quarter 2014 To NASDAQ OMX Nordic Exchange Copenhagen A/S

Release no. 04 2014 Report on first quarter 2014 To NASDAQ OMX Nordic Exchange Copenhagen A/S Page 1/10 22 May 2014 for ROCKWOOL International A/S Today the Board of ROCKWOOL International A/S has discussed and approved the following report on first quarter 2014. Highlights Sales in first quarter

More information

Defining Growth in the Rum Category. 3 December 2010

Defining Growth in the Rum Category. 3 December 2010 Defining Growth in the Rum Category 3 December 2010 Ed Pilkington Global Category Director, Vodka, Gin and Rum 2 Map of rum producing countries google maps. 3 Rum, colourful past - exciting future * Source:

More information

Herzogenaurach, Germany, July 27, 2004 PUMA AG announces its consolidated nd

Herzogenaurach, Germany, July 27, 2004 PUMA AG announces its consolidated nd P Quarter P Half-Year For immediate release MEDIA CONTACT: INVESTOR CONTACT: U.S.A.: Lisa Beachy, Tel. +1 617 488 2945 Europe: Ulf Santjer, Tel. +49 9132 81 2489 Dieter Bock, Tel. +49 9132 81 2261 Herzogenaurach,

More information

Regal Beloit Corporation Fourth Quarter 2014 Earnings Conference Call

Regal Beloit Corporation Fourth Quarter 2014 Earnings Conference Call Regal Beloit Corporation Fourth Quarter 2014 Earnings Conference Call February 17, 2015 Mark Gliebe Chairman and Chief Executive Officer Jon Schlemmer Chief Operating Officer Chuck Hinrichs Vice President

More information

Ontex Q3 2015: Trading in line with Company expectations and full year outlook reiterated

Ontex Q3 2015: Trading in line with Company expectations and full year outlook reiterated Ontex Q3 2015: Trading in line with Company expectations and full year outlook reiterated Aalst-Erembodegem, November 5, 2015 - Ontex Group NV (Euronext Brussels: ONTEX; Ontex, the Group or the Company

More information

Roadshow Presentation 9-month Key Sales Figures 2014/15. July 2015

Roadshow Presentation 9-month Key Sales Figures 2014/15. July 2015 Roadshow Presentation 9-month Key Sales Figures 2014/15 July 2015 Agenda BC at a glance Highlights Q3 2014/15 Financial Review Strategy & Outlook Page 2 From the cocoa bean to the chocolate and cocoa products

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

THE WAY TO MAKE IT. Results 2013 and Outlook 2014. Agenda. 26 March 2014. Results 2013. Focus and outlook 2014 Discussion

THE 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 information

Press release March 5, 2015

Press release March 5, 2015 2014 FULL YEAR RESULTS: GROWTH MOMENTUM CONFIRMED Acceleration of organic sales growth Further growth in Recurring Operating Income, up by +10.6% Net income from continuing operations up by +24.6% Increase

More information

CONFERENCE CALL PRELIMINARY FIGURES FISCAL YEAR 2013

CONFERENCE CALL PRELIMINARY FIGURES FISCAL YEAR 2013 WELCOME DÜRR AKTIENGESELLSCHAFT CONFERENCE CALL PRELIMINARY FIGURES FISCAL YEAR 2013 Ralf W. Dieter, CEO Ralph Heuwing, CFO Bietigheim-Bissingen, February 25, 2014 www.durr.com DISCLAIMER This presentation

More information

Dissolution of Global Alliance Conference Call June 5, 2015

Dissolution of Global Alliance Conference Call June 5, 2015 Dissolution of Global Alliance Conference Call June 5, 2015 Forward-Looking Statements Certain information contained in this presentation constitutes forward-looking statements for purposes of the safe

More information

THIRD QUARTER REPORT 2008

THIRD QUARTER REPORT 2008 THIRD QUARTER REPORT 2008 This presentation contains forward looking statements. Such statements are based on our current expectations and are subject to certain risks and uncertainties that could negatively

More information

Bank of America Merrill Lynch Global Industries Conference. Dave Anderson, Senior Vice President and CFO

Bank of America Merrill Lynch Global Industries Conference. Dave Anderson, Senior Vice President and CFO Bank of America Merrill Lynch Global Industries Conference 0 Dave Anderson, Senior Vice President and CFO Forward Looking Statements This report contains forward-looking statements within the meaning of

More information