Umicore Sa · EURONEXT:UMI
Umicore Sa — Q1 2009 Earnings Presentation
7 slides from Umicore Sa's earnings presentation, Apr 28, 2009
Slide 1: 2009 Q1 Trading update
2009 Q1 Trading update 28 April 2009
Slide 2: Q1 overview
Q1 overview • Market conditions deteriorated further from the fourth quarter 2008 with de-stocking prevalent in many industries served by Umicore • Revenues down by 23% year-on-year and down 9% vs Q4 2008 • Working capital reductions led to debt decreasing by some €110m compared to the end of 2008 •
Slide 3: Q1 business summary
Q1 business summary • Advanced Materials revenues down 26% (-18% vs Q4) • Decline in demand for cobalt-related products exacerbated by de-stocking, especially in tooling and rechargeable battery materials • Germanium-related activities have proved more resilient • Very challenging market for Element
Slide 4: Q1 business summary
Q1 business summary • Precious Metals Services revenues down 9% (+4% vs Q4) • Availability of supply from various streams is becoming scarcer • Commercial terms and premiums lower • Far less supportive market conditions for the Metals Management activities • Zinc Specialties revenues down 18% (-4% v
Slide 5: Outlook
Outlook • Visibility remains limited • H1 REBIT not expected to exceed € 50m • Strong financial position allows Umicore to continue to finance longer term projects
Slide 6: Forward-looking statements
Forward-looking statements This presentation contains forward-looking information that involves risks and uncertainties, including statements about Umicore’s plans, objectives, expectations and intentions. Readers are cautioned that forward-looking statements include known and unknown risks and are
Slide 7: UN
UN