Aperam S.a. · EURONEXT:APAM
Aperam — FY2015 Earnings Presentation
15 slides from Aperam's earnings presentation, Feb 10, 2016
Slide 1: Full year and fourth quarter 2015
Full year and fourth quarter 2015 February 10, 2016 © 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 1.0x in 2015 compared to 1.1x in 2014. • Shipments of 1,886 thousand tonnes in full year 2015, a 4% increase compared to shipments of 1,813 thousand tonnes in full year 2014. • EBITDA of USD 501 million in full year 2015, comp
Slide 4: Health & Safety Performance
Health & Safety Performance Lost Time Injury Frequency rate* 4.0 3.0 2.0 1.0 0 Profit improvement in Q1 due to market Health andfrequency & Safety internal initiatives butin rate of 0.7x Q2Q4 expected 2015 to be more challenging * WorldSteel-standard: Fr = lost time Injuries per 1.000.000 worked hou
Slide 5: Environment and markets
Full year and fourth quarter 2015 Environment and markets 5
Slide 6: Stainless steel prices
Environment and markets Stainless steel prices Nickel - LME Cash (USD/t) Chinese versus European CR 304 2B 2mm coil transaction price (USD/t) 35 000 5 000 30 000 4 500 25 000 4 000 3 500 20 000 3 000 15 000 2 500 10 000 2 000 5 000 1 500 Chinese prices European prices Despite the level of Chinese pr
Slide 7: Performance and prospects
Full year and fourth quarter 2015 Performance and prospects 7
Slide 8: Year on Year evolution of profitability
Performance and prospects Year on Year evolution of profitability Ebitda evolution (mUSD) Net result evolution (mUSD) 10,6% 2,21 10,0% 1,21 547 501 172 5,7% 95 4,1% 292 490 498 217 -100 -111 292 217 -1,28 -1,39 2012 2013 2014 2015 2012 2013 2014 2015 Ebitda from operations Ebitda from sale of electr
Slide 9: Fourth quarter operating performance
Performance and prospects Fourth quarter operating performance Shipments (‘000t) Q4 2015 EBITDA per division (USD million) [1] 486 476 469 455 439 94 95 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 EBITDA (USD million) 155 133 117 108 105 8 9 8 129 2 104 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q3 2015 Q4
Slide 10: Leadership Journey
Performance and prospects Leadership Journey® Cumulated gains (USD million) Asset upgrade program launched on best performing assets • Productivity improvement of the downstream 600 facilities in Genk (CAP2), Gueugnon (CAP10) Tranche 1 and Timoteo (Sendzimir Mill #1). 550 USD52m of Capex • Upgrade o
Slide 11: Financial results
Full year and fourth quarter 2015 Financial results 11
Slide 12: Fourth quarter P&L highlights
Financial results Fourth quarter P&L highlights EBITDA to net income (USD million) (40) (15) 105 (5) (12) 65 45 33 EBITDA Depreciation Operating Net interest & Forex Pre-tax Tax & Net income & impairment income f inancing & derivatives income Non-controlling [1] costs [1] losses interests Profit imp
Slide 13: Fourth quarter cash flow highlights
Financial results Fourth quarter cash flow highlights Free cash flow (USD million) (43) 107 (45) 169 124 105 EBITDA Working capital Net f inancial Cash-f low Capex and other Free cash-f low charges, taxes f rom investing activities & others operations Profit improvement in Q1 due Continued to market
Slide 14: Sustainable cash flow from operations across the cycles
Financial results Sustainable cash flow from operations across the cycles Aperam net debt and gearing[1] evolution Aperam Net Debt / Ebitda evolution, x (USD million) 4,0 3,76 1 200 29% 30% 3,5 26% 26% 1 000 23% 25% 3,0 20% 2,60 2,5 2,36 800 20% 2,20 14% 2,0 600 15% 1066 878 1,5 816 400 690 10% 0,98
Slide 15: Q&A
Q&A Waves Commercial Center, Metz, France Gianni Ranaulo © Pino Musi 15