Afarak Group Se Class A · OMXHEX:AFAGR
Afarak Group Se Class A — Ruukki Group — Q3 2009 Earnings Presentation
22 slides from Afarak Group Se Class A's earnings presentation, Nov 5, 2009
Slide 1: Q3/2009 Interim Report
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Q3/2009 Interim Report 5 November 20091
Slide 2: Disclaimer
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Disclaimer The information contained in this presentation is proprietary. It is intended solely for the recipient to whom it is presented by Ruukki Group Plc (the "Company"). This presentation is for background purposes only.
Slide 3: Q3 Highlights
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Q3 Highlights • New management structure for both wood processing and minerals divisions • Post-merger integration of Mogale Alloys in South Africa • Termination of Sylvania acquisition • Restructuring of wood processing busin
Slide 4: Agenda
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Management Changes Corporate Restructuring Results Future Outlook 4
Slide 5: Management Changes
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Management Changes NEW SEGMENT MANAGEMENT Group CEO A. Smit Minerals CEO Wood CEO Dr. D. Koncar T. Hoyer South Africa CEO Dr .A. Ruiters Housing Sawmills Mogale MD RCS MD TMS MD EWW MD J. Oosthuizen S. Bonati S. Caglayan C. Sc
Slide 6: Management Changes
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Management Changes Dr Danko Koncar Dr Koncar is not leaving the mining industry but joining forces with Ruukki to get back into it. His wealth of experience and depth of knowledge will be significant contributors to Ruukki’s f
Slide 7: Agenda
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Management Changes Corporate Restructuring Results Future Outlook 7
Slide 8: Corporate Restructuring: Minerals Expansion Plans
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Corporate Restructuring MINERALS EXPANSION PLANS Brownfield Greenfield • Investment in expansion of Turkish • Looking into opportunities to acquire beneficiation plants additional minerals resources • Increasing capacity at ex
Slide 9: Corporate Restructuring: RCS
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Corporate Restructuring RCS • RCS Malta to be exclusive distributor of all minerals production • Treasury function • Funding structure 9
Slide 10: Corporate Restructuring: Wood Business
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Corporate Restructuring WOOD BUSINESS • Refocusing the business with a target to move up the value chain, with more emphasis on house building • Divestment of Lappipaneli sawmill 10
Slide 11: Agenda
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Management Changes Corporate Restructuring Results Future Outlook 11
Slide 12: Results
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit EUR million 1-9/2009 1-9/2008 Results Revenue 133.2 110.2 Group total EBITDA 1.3 1.1 EBIT - 18.0 - 26.9 PBT - 16.5 - 18.1 EPS - 0.04 - 0.07 Operating cash flow * + 0.9 +1.3 Share buy-back cash flow - 64.0 0.0 •Including EUR 6.
Slide 13: Results: Minerals
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Results Minerals EUR million 1-9/2009 11-12/2008 9 months 2 months Revenue 43.7 12.3 EBITDA 2.6 1.9 EBIT - 12.6 - 1.0 13
Slide 14: Results: Wood
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Results Wood EUR million 1-9/2009 1-9/2008 9 months 9 months Revenue 89.5 108.5 EBITDA 5.6 11.6 EBIT 1.5 -13.6 14
Slide 15: Results: Non-segment
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Results Non-segment EBITDA 1-9/2009 Headquarters and group administration - 3.6 * Russian wood processing projects - 3.4 * * Associated (<50 %share) companies 0.1 Total non-segment - 6.9 * includes EUR 0.9 million non-cash opt
Slide 16: Agenda
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Management Changes Corporate Restructuring Results Future Outlook 16
Slide 17: Future Outlook: EBITDA Guidance
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Future Outlook EBITDA GUIDANCE EBITDA Wood Minerals Non-segments Group EUR million Processing / eliminations total Actual 1-9/2009 5.6 2.6 -6.9 1.3 Guidance 1-12/2009 original, announced 26 Feb 2009 5.0 10.0 -5.0 10.0 revised,
Slide 18: Future Outlook: Industry Outlook
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Future Outlook INDUSTRY OUTLOOK Positive short-term development seen in the ferrochrome sector, prices recovering somewhat offsetting increasing costs, but demand outlook still uncertain EBITDA GUIDANCE Longer-term demand in f
Slide 19: Future Outlook: One Third Rule
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Future Outlook ONE THIRD RULE 19
Slide 20: Future Outlook: Consumption of African Ores
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Future Outlook CONSUMPTION OF AFRICAN ORES 20
Slide 21: Future Outlook: China's Influence
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Future Outlook CHINA’S INFLUENCE For calendar year until August 2009, Chinese imports of: Chrome Ore - Down 23% Ferrochrome ( High Carbon) - Up 65% Source: Chinese statistics 21
Slide 22: Summary
Ruukki Group Plc, Interim Report Q3/2009, 5 November 2009, CEO Alwyn Smit Summary • Corporate restructuring proceeding in both Wood and Minerals business • Wood Processing Business refocusing its operations with less emphasis on sawmilling • Minerals Business targeting to become larger fully vertica