Aperam S.a. · EURONEXT:APAM
Aperam — Q3 2013 Earnings Presentation
15 slides from Aperam's earnings presentation, Nov 6, 2013
Slide 1: Third quarter 2013
Third quarter 2013 November 6, 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 1.9x in Q3 2013 compared to 1.4x in Q2 2013 • Shipments of 436 thousand tonnes in Q3 2013, a 3% decrease compared to shipments of 450 thousand tonnes in Q2 2013 • EBITDA of USD 62 million in Q3 2013, compared to EBITDA of USD
Slide 4: Health & Safety
Third quarter 2013 Health & Safety 4
Slide 5: Health & Safety Performance
Health & Safety Performance Frequency rate* 4.0 3.0 2.0 1.0 0 11 12 12 12 12 13 13 13 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q Profit improvement in Q1 dueHealth to market and internal & Safety initiativ
Slide 6: Environment and markets
Third quarter 2013 Environment and markets 6
Slide 7: Stainless steel prices
D ec 2,000 2,500 3,000 3,500 4,000 4,500 5,000 M 07 a Ju r 08 n *Source: SBB/Platts S e 08 p D 08 ec M 08 a Ju r 09 n S e 09 p D 09 ec M 09 ar Ju 10 n S e 10 p D 10 ec M 10 Stainless steel prices ar Ju 11 n S e 11 p D 11 ec M 11 a Environment and markets Ju r 12 n S e 12 p D 12 ec China - CR 304 2B
Slide 8: Performance and prospects
Third quarter 2013 Performance and prospects 8
Slide 9: Third quarter operating performance
Performance and prospects Third quarter operating performance Shipments (‘000t) Q3 2013 EBITDA per division (USD million) [1] 450 71 436 410 407 401 Brazil 41 36 Europe 30 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Brazil 34 EBITDA (USD million) [1] 15 16 Europe 2 81 65 62 1 43 43 -5 Q2 2013 Q3 2013 Q2
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. • In Europe, - Suspension of traditional cold rolling mill in Is
Slide 11: Financial results
Third quarter 2013 Financial results 11
Slide 12: Third quarter P&L highlights
Financial results Third quarter P&L highlights EBITDA to net income (USD million) 0 62 (70) (0) 0 00 (0) (0) 0 (8) 0 (19) 0 (29) (39) (2) 20 EBITDA Depreciation Operating Net interest & Forex Pre-tax Tax & Net loss & impairment loss financing & derivatives Non-controlling costs losses interests Prof
Slide 13: Third quarter cash flow highlights
Financial results Third quarter cash flow highlights Free cash flow (USD million) 0 (56) 62 11 17 (28) 0 (11) (34) EBITDA Working Financial Cash flow CAPEX Free Capital charges, tax from Cash-flow & other operations Profit improvement in Q1 due USDto17 market and million of internal initiatives cash
Slide 14: Third quarter balance sheet highlights
Financial results Third quarter balance sheet highlights Assets & liabilities (USD million) Equity & net debt (USD million) [1] 621 1 396 3 213 3 162 3 078 2 935 3 017 3 792 3 017 987 816 842 841 808 Assets Liabilities 30/09/12 31/12/12 31/03/13 30/06/13 30/09/13 Non-current assets Shareholders’ equ
Slide 15: Q&A
Third quarter 2013 oefom Q&A