Air Liquide SA · EURONEXT:AI

Air Liquide SA — Q1 2006 Earnings Presentation

15 slides from Air Liquide SA's earnings presentation, Apr 26, 2006

  1. Slide 1: Consolidated Sales First Quarter 2006

    Consolidated Sales First Quarter 2006 John Glen: Group Finance Director April 26th, 2006

  2. Slide 2: Good level of activity in Q1: +12%

    Good level of activity in Q1: +12% Q1 05 Q1 06 Q1 06/05 Q1 06/05 in M€ as published comparable* Group 2,476 2,773 +12.0% +7.1% Gas & Services 2,201 2,445 +11.1% +5.7% „ Good performance, in line with our objectives „ 2005 trends continue „ Notable growth from Industrial Customers • * on a comparable

  3. Slide 3: Gas & Services: better Q1 in Europe

    Gas & Services: better Q1 in Europe Sales Q1 2006 Sales growth* Q1 2006: +5.7% Africa 2% Americas Asia excl. Japan +6,4% 28% Japan +1,4% 2,445 M€ Europe Americas +4,2% 53% Asia excl. Japan 7% Europe +7,1% Japan 10% 0% 4% 8% Average 2005 +5.5% • * on a comparable basis (see slide 12) 3 Q1 2006 Consol

  4. Slide 4: Asia-Pacific: robust performance excl. E&I

    Asia-Pacific: robust performance excl. E&I Asia-Pacific (G&S) Q1 2006: 417 M€ „ Industrial Customers growth* yoy: +3.3% excl. Japan*: +6.4% D Excl. Japan: double digit progress Sales ** M€ D Underlying growth in Japan 450 ≈ +8% ≈ +2%, with firmer pricing „ Electronics D Large volumes 300 in carrier

  5. Slide 5: Americas: accelerated growth in Industrial Customers

    Americas: accelerated growth in Industrial Customers „ Industrial Customers: +12.5% Americas (G&S) Q1 2006: 680 M€ D US: good pricing and activity growth* yoy: +4.2% D Strong volumes in Canada Industrial Customers and Latin America Sales growth* „ Large Industries: -3.3% 14% +12,5% 12% +10,6% +11,1%

  6. Slide 6: Europe: better activity levels

    Europe: better activity levels „ Large Industries Europe (G&S) D HyCO: ramp-ups Spain, France Q1 2006: 1,305 M€ growth* yoy: +7.1% D O2: higher demand Northern Europe and Italy „ Industrial Customers: good Sales growth* performance 8% D Good liquid volumes, +7,1% except in Germany +5,5% 6% +4,7% D 2

  7. Slide 7: All business lines contribute to growth

    All business lines contribute to growth Large Industries Industrial Customers +14,4% 6% 15% +5,3% 4% 10% +3,2% +3,2% +3,3% +6,9% +7,3% +6,3% +2,4% +5,5% 5% 2% 0% 0% Q1 2005 Q2 2005 Q3 2005 Q4 2005 Q1 2006 Q1 2005 Q2 2005 Q3 2005 Q4 2005 Q1 2006 Medium term objectives Electronics Healthcare +7,9% 15%

  8. Slide 8: Outlook

    Outlook „ Underlying drivers continue to deliver „ Strong project portfolio, and Engineering facilities fully loaded „ Continued energy cost increases, progressively compensated by additional pricing and efficiency „ 2006 Net Earnings target maintained 8 Q1 2006 Consolidated Sales - April 26th, 2006

  9. Slide 9: Appendices

    mar LIQUIDE Appendices

  10. Slide 10: Growth in all geographic zones

    Growth in all geographic zones Q1 05 Q2 05 Q3 05 Q4 05 Q1 06 Q1 06/05 Q1 06/05 sales in M€ (as published) (comparable)* Asia-Pacific 393 397 412 412 417 +5.9% +3.3% Americas 584 589 644 730 680 +16.5% +4.2% Europe 1,187 1,194 1,168 1,275 1,305 +9.9% +7.1% Africa 38 40 43 42 43 +15.4% +10.2% Total 2,

  11. Slide 11: Growth in all business lines

    Growth in all business lines Q1 05 Q2 05 Q3 05 Q4 05 Q1 06 Q1 06/05 Q1 06/05 sales in M€ (as published) (comparable)* Industrial 1,003 1,041 1,044 1,066 1,092 +8.9% +5.3% Customers Large Industries 636 626 671 811 774 +21.7% +6.3% Electronics 226 206 212 211 211 <6.3%> +3.6% Healthcare 337 347 340 3

  12. Slide 12: Comparable basis

    Comparable basis „ Comparable basis: excluding impacts of currency, fluctuations in natural gas prices and the perimeter effects as detailed below in M€ Q1 05 Q2 05 Q3 05 Q4 05 Q1 06 Acquired Messer activities 180 67 1 1 na Asian consolidation 27 29 29 -85 na US Chemicals na -27 -29 -29 -27 deconsol

  13. Slide 13: Currency impact

    Currency impact in M€ Q1 05 Q2 05 Q3 05 Q4 05 Q1 06 USD/€ -21 -22 -1 44 41 CND/€ 3 5 11 15 19 Others -4 -5 4 14 22 Currency impact -22 -22 14 73 82 13 Q1 2006 Consolidated Sales - April 26th, 2006

  14. Slide 14: Natural gas prices impact

    0 2 4 6 8 10 12 jan fev mars avr mai juin juill 1999 aout sept oct nov dec jan fev in M€ mars avr mai juin juill 2000 aout sept oct nov dec jan fev mars avr mai Natural gas impact juin juill 2001 aout sept oct nov dec 22 Natural gas prices impact jan fev mars avr mai juin juill 2002 aout sept 25 oct

  15. Slide 15: Consolidated Sales First Quarter 2006

    Consolidated Sales First Quarter 2006 John Glen: Group Finance Director April 26th, 2006

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