Aperam S.a. · EURONEXT:APAM
Aperam — Q1 2013 Earnings Presentation
15 slides from Aperam's earnings presentation, May 7, 2013
Slide 1: First quarter 2013
First quarter 2013 May 7, 2013 © Aperam 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about Aperam and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with re
Slide 3: Introduction & overview
Introduction & overview Highlights: • Health and Safety frequency rate of 1.1x in Q1 2013 compared to 1.9 x in Q4 2012 • Shipments of 401 thousand tonnes in Q1 2013, a 1% decrease compared to shipments of 407 thousand tonnes in Q4 2012 • EBITDA of USD 65 million in Q1 2013, compared to EBITDA of USD
Slide 4: Health & Safety
First quarter 2013 Health & Safety 4
Slide 5: Health & Safety Performance
Health & Safety Performance Frequency rate* 4 3 2 1 0 11 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 12 12 13 12 12 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 1Q 2Q 1Q Profit improvement in Q1 dueHealth to market and internal & Safety initiatives frequency but Q2 rat
Slide 6: Environment and markets
First quarter 2013 Environment and markets 6
Slide 7: Stainless steel prices
Environment and markets Stainless steel prices China - CR 304 2B 2mm coil transaction price (USD/t)* Southern Europe - CR 304 2B 2mm coil base price (€/t)* 5,000 1,250 1,200 4,500 1,150 4,000 1,100 3,500 1,050 1,000 3,000 950 2,500 900 2,000 850 13 Ju r 08 Se 08 Se 09 Ju r 10 Se 10 Ju r 11 Se 11 Ju
Slide 8: Performance and prospects
First quarter 2013 Performance and prospects 8
Slide 9: First quarter operating performance
Performance and prospects First quarter operating performance Shipments (‘000t) Q1 2013 EBITDA per division (USD million) [1] 433 433 410 407 401 47 35 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Brazil 24 Brazil 24 Europe 11 Europe 23 13 12 EBITDA (USD million) [1] 8 65 66 65 43 43 -4 Q4 2012 Q1 2013 Q
Slide 10: Leadership Journey
Performance and prospects Leadership Journey® Cumulated gains (USD million) Key projects completed since beginning of 2011 • In Brazil, VSS*, switch from LPG to natural gas and conversion of blast furnace number 2 from coke to biomass. Service center 299 expansion in Campinas. 276 • In Europe, suspe
Slide 11: Financial results
First quarter 2013 Financial results 11
Slide 12: First quarter P&L highlights
Financial results First quarter P&L highlights EBITDA to net income (USD million) 0 65 (76) (11) (28) (27) (47) 19 (9) EBITDA Depreciation Operating Net interest & Forex Pre-tax Tax Net loss & impairment loss financing & derivatives result Costs losses Profit improvement in Q1 Loss due to market per
Slide 13: First quarter cash flow highlights
Financial results First quarter cash flow highlights Free cash flow (USD million) (33) 65 (22) 10 (34) (24) EBITDA Working Financial Cash-flow CAPEX Free Capital & charges, tax from Cash-flow TSR change & other operations Profit improvement in Q1 due USDto10 market and million of internal initiative
Slide 14: First quarter balance sheet highlights
Financial results First quarter balance sheet highlights Assets & liabilities (USD million) Equity & net debt (USD million) [1] 566 1,404 3,539 3,191 3,155 3,162 3,078 3,916 3,078 878 882 987 816 842 Assets Liabilities 31/03/12 30/06/12 30/09/12 31/12/12 31/03/13 Non-current assets Shareholders’ equ
Slide 15: Q&A
First quarter 2013 oefom Q&A