Air Liquide SA · EURONEXT:AI
Air Liquide SA — Q3 2002 Earnings Presentation
10 slides from Air Liquide SA's earnings presentation, Oct 30, 2002
Slide 1: Consolidated Sales 3rd Quarter 2002
Consolidated Sales 3rd Quarter 2002 October 30, 2002
Slide 2: 3rd Quarter 2002 Consolidated Sales
3rd Quarter 2002 Consolidated Sales " Benoît Potier: Chairman of the Management Board " Jean-Claude Buono: Executive Vice-President Member of the Management Board Agenda: ! Consolidated sales as of September 30, 2002 ! Gas and Services by geographic zone ! Gas and Services by business lines ! Conclu
Slide 3: September 30, 2002 (key figures)
September 30, 2002 (key figures) # Q3 2002 sales were up +3.6% in constant currency from Q3 2001 # ANALYSIS Q3/01 Q3/02 YTD/02 ! Total sales (million €): 1,936 1,897 5,833 Comparable basis (02/01) +1.5% -1.9% ! Natural gas: -0.1% -2.9% ! Currency: -5.6% -2.9% ! Perimeter: +2.2% +1.0% ! Gas and Servi
Slide 4: 3rd Quarter 2002 – Gas and Services
3rd Quarter 2002 – Gas and Services # Sales across all business lines and geographic zones are positive, at constant exchange rates By Business Line By Geographic zone ex. ex. comp. Forex Forex basis !Large Industries: +1.8% !France: +3.9% +2.1% !Electronics: +1.0% !Europe (ex. Fr.): +6.3% +6.1% !In
Slide 5: 3rd Quarter 2002 – Large Industries
3rd Quarter 2002 – Large Industries ! Large Industries: 435 M€ +1.8% (constant currency) Sales ex. Forex Wheeling Nat Gas ! Small natural gas impact 230 Ex. Perimeter @ 99 price on Q3 220 210 200 190 ! “Wheeling” impact in 180 170 160 +2% co-generation: $30M YTD150 140 130 120 ! Oxygen volumes up fo
Slide 6: 3rd Quarter 2002 – Electronics
3rd Quarter 2002 – Electronics ! Electronics: 181 M€ +1.0% (constant currency) Recurring sales Equipment sales ! Gas & services sales ex. Forex ex. Forex (ex. equipment) return to 210 200 190 high Q4/00 level 180 170 160 ! Continued growth of 150 140 130 carrier gases and services +2% 120 110 100 +1
Slide 7: 3rd Quarter 2002 – Industrial Customers
3rd Quarter 2002 – Industrial Customers ! Industrial Customers: 772 M€ +5.0% (constant currency) +0.9% (comparable basis) Comp. basis !Perimeter effect due !France: -1.3% to acquisitions !Europe (excl. France): +3.9% !Liquid volumes up led by !North America: -3.6% oxygen; cylinder volumes down sligh
Slide 8: 3rd Quarter 2002 – Healthcare
3rd Quarter 2002 – Healthcare ! Healthcare: 285 M€ +7.1% (constant currency) 210 Sales ex. Forex 200 ! Gas and services to 190 180 +6% hospitals performed well 170 160 150 ! Good contribution of 140 130 120 +7% therapeutic gases and 110 100 installation services 90 80 70 ! Near double digit growth o
Slide 9: 3rd Quarter 2002 – Services
3rd Quarter 2002 – Services ! Services: 299 M€ (18.1% of Gas and Services sales as of September 30) Q3 02 / Q3 01: Growth excluding currency & natural gas !Healthcare: + 14.3% !Industrial*: + 8.8% Sub Total: + 11.7% !Energy solutions**: - 18.2% TOTAL: + 3.4% * Small on-site services, field and opera
Slide 10: Conclusion
Conclusion ! In Q3, confirmation of some positive signs recorded in Q2 ! Sales across all business lines and geographic zones were up in Q3 at constant exchange rate ! The portfolio of new contracts under negotiation remains solid ! The overall development is positive but not yet accelerating ! Unde