Aperam S.a. · EURONEXT:APAM
Aperam — FY2011 Earnings Presentation
16 slides from Aperam's earnings presentation, Feb 6, 2012
Slide 1: Full year and fourth quarter 2011
Full year and fourth quarter 2011 February 6, 2012 © 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 0.7x in 2011 compared to 2.1x in 2010 • Shipments of 1,749 thousand tonnes in full year 2011, flat compared to shipments of 1,741 thousand tonnes in full year 2010 • EBITDA of USD 356 million in full year 2011, compared to USD
Slide 4: Health & Safety
Full year and fourth quarter 2011 Health & Safety
Slide 5: Health & Safety Performance
Health & Safety Performance Frequency rate* 4 3 2 1 0 11 07 07 08 08 09 09 10 10 11 07 07 08 08 09 09 10 10 11 11 2Q 4Q 2Q 4Q 2Q 4Q 2Q 4Q 2Q 1Q 3Q 1Q 3Q 1Q 3Q 1Q 3Q 1Q 3Q 4Q Health & safety results have improved significantly from an average frequency rate of 2.1x in 2010 to Profit improvement in Q1
Slide 6: Environment and markets
Full year and fourth quarter 2011 Environment and markets
Slide 7: Markets
Environment and markets Markets China - CR 304 2B 2mm coil transaction price (USD/t)* Southern Europe - CR 304 2B 2mm coil base price (€/t)* 5,000 4,500 1,250 1,200 4,000 1,150 1,100 3,500 1,050 3,000 1,000 950 2,500 900 850 2,000 800 08 Ju 9 Ju 0 Ju 1 08 Se 9 Se 0 Se 11 Se 08 Se 9 Se 0 Se 11 Ju 8 J
Slide 8: Performance and prospects
Full year and fourth quarter 2011 Performance and prospects
Slide 9: Operations: full year 2011
Performance and prospects Operations: full year 2011 Adjusted EBITDA* (USD million) FY 2010 versus FY 2011 Adjusted EBITDA* bridge (USD million) +4 +1 1,144 930 (199) +176 410 392 410 392 226 2007 2008 2009 2010 2011 2010 Volume Net Pricing Leadership FX & Others 2011 EBITDA Squeeze / Journey EBITDA
Slide 10: Operations: Q3 2011 & Q4 2011
Performance and prospects Operations: Q3 2011 & Q4 2011 Shipments (‘000t) Q3 2011 & Q4 2011 EBITDA per division (USD million) 452 439 429 429 366 26 23 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 12 11 Europe (3) Europe 3 EBITDA (USD million) Brazil 26 Brazil 23 139* 102 -6 -1 62 53 22 Q3 2011 Q4 2011 Q
Slide 11: Leadership Journey
Performance and prospects Leadership Journey Cumulated gains and 2013 target (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 roll m
Slide 12: Financial results
Full year and fourth quarter 2011 Financial results
Slide 13: Fourth quarter P&L highlights
Financial results Fourth quarter P&L highlights EBITDA to net income (USD million) +53 (82) EBITDA (29) (53) (46) Depreciation Operating & Impairment Profit (26) +2 +7 Net income Net interest Unrealized Pre-tax Tax benefit & financing FX & & non-controlling costs and income derivative interests from
Slide 14: Fourth quarter cash flow highlights
Financial results Fourth quarter cash flow highlights Free cash flow (USD million) Free cash flow (USD million) (79) (51) +253 +227 +176 +53 EBITDA Working Capital Net financial Cash-flow from CAPEX Free cash-flow charges, taxes & operations before dividends others Profit USD 176improvement in Q1gen
Slide 15: Fourth quarter balance sheet highlights
Financial results Fourth quarter balance sheet highlights Assets & liabilities (USD million) Equity & net debt (USD million) 807 1,520 3,654 3,999 4,167 3,580 3,443 4,156 3,443 1,066 864 1,107 1,038 878 Assets Liabilities 31/12/2010 31/3/2011 30/6/2011 30/9/2011 31/12/2011 Non-current assets Shareho
Slide 16: Q&A
Full year and fourth quarter 2011 Q&A