Aperam S.a. · EURONEXT:APAM
Aperam — Shareholder Meeting (May 2012)
23 slides from Aperam's shareholder meeting presentation, May 8, 2012
Slide 1: Annual General Meeting and Extraordinary General Meeting of Shareholders
ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS 8 May 2012
Slide 2: Agenda Items General Meetings of Shareholders
Agenda Items General Meetings of Shareholders Annual General Meeting of Shareholders 1. Presentation of the management report of the Board of Directors and the reports of the independent company auditor on the standalone annual accounts of the Company prepared in accordance with the laws and regulat
Slide 3: Message from the Chairman
Message from the Chairman Reference in the stainless steel industry – Health and Safety is the top priority in Aperam – First annual results of 2011 reflecting extraordinarily difficult market conditions, specially towards year end • FY 2011 Sales: USD 6.3 billion • FY 2011 EBITDA: USD 356 million –
Slide 4: Annual General Meeting of Shareholders
Annual General Meeting of Shareholders Group presentation and presentation of the consolidated financial statements and the parent company accounts 8 May 2012
Slide 5: 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 r
Slide 6: Agenda
Agenda • Health & Safety • Unique strengths • Leadership Journey • Performance • Consolidated Financial Statements and Parent Company Accounts 6
Slide 7: Health & Safety
Annual General Meeting 8 May 2012 Health & Safety 7
Slide 8: Health & Safety Performance
Health & Safety Performance Frequency rate* Key Comments – Health and Safety Day on 26 April 2012 4 – Member of the FSTE4 Good Index and the United Nations Global Compact 3 – First Sustainability Report to be issued in 2012 2 1 0 11 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 1Q 2Q 3Q 4
Slide 9: Unique strengths
Annual General Meeting 8 May 2012 Unique strengths
Slide 10: Unique strengths: What makes Aperam unique
Unique strengths What makes Aperam unique – Long-term growth trends in mature markets complemented by emerging market demand • Emerging markets representing approximately 30% of Aperam total sales – Global, integrated distribution network and proximity to customer • Services & Solutions division pro
Slide 11: Leadership Journey
Annual General Meeting 8 May 2012 Leadership Journey
Slide 12: Leadership Journey Performance
Leadership Journey Performance 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 mill in Isbergu
Slide 13: Performance
Annual General Meeting 8 May 2012 Performance © Aperam 13
Slide 14: Performance Operations: full year 2011
Performance 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 Stock Effect
Slide 15: Consolidated Financial Statements and Parent Company Accounts
Annual General Meeting 8 May 2012 Consolidated Financial Statements and Parent Company Accounts
Slide 16: Results 2011 – Aperam Group
Results 2011 – Aperam Group CONSOLIDATED STATEMENTS OF OPERATIONS (USDm) 2010 2011 Sales 5 604 6 345 Adj. EBITDA 410 392 - Adj. EBITDA margin % 7,3% 6,2% 2011 versus 2010 : Other items* - 36 EBITDA 410 356 – Sales increased by 13% Depreciation and impairment 317 311 Operating Income / (loss) 93 45 –
Slide 17: Results 2011 – Aperam Group (Cash Flows)
Results 2011 – Aperam Group CONSOLIDATED STATEMENTS OF CASH FLOWS (USDm) 2010 2011 Net Income / (loss) 104 (60) Non-controlling interests 1 1 Depreciation and impairment 317 311 Changes in working capital (211) 34 Other 151 (97) 2011 versus 2010 : Net cash provided by / (used in) operating activitie
Slide 18: Results 2011 – Aperam Group (Financial Position)
Results 2011 – Aperam Group CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (USDm) 2010 2011 Non current assets 4 488 4 156 Intangible assets 989 904 Property, plant and equipment (PPE) 2 917 2 804 ArcelorMittal tax indemnification - - Investments & Other 582 448 December 31, 2011 versus Current asset
Slide 19: Parent Company Accounts: Allocation of Results
Parent Company Accounts AGENDA ITEM 5 Proposal of the Board of Directors for the allocation of the results of the Parent Company Accounts for the period 26 January to 31 December 2011 (in USD): Parent Company Accounts for the period 26 January to 31 December 2011 (1) Profit for the financial period
Slide 20: Slides on Agenda Items and Extraordinary General Meeting of Shareholders
Annual General Meeting and Extraordinary General Meeting of Shareholders 8 May 2012 Slides on Agenda Items
Slide 21: Agenda Item 8: Authorise grants under RSU and PSU Plans
Annual General Meeting 8 May 2012 AGENDA ITEM 8 • Decision to authorise grants under the Restricted Share Unit (RSU) Plan and the Performance Share Unit (PSU) Plan Sharing success through restricted share and performance share units - RSU and PSU plans offered to Aperam executives around the world -
Slide 22: Extraordinary General Meeting Resolution I
Extraordinary General Meeting 8 May 2012 Resolution I • Approval of the amendments of articles 6 (“Shares”), 7 (“Rights and obligations of shareholders”), 13 (“Shareholders’ meetings – General) and 14 (Annual general meetings of shareholders) (except 14.1) of the articles of association to reflect r
Slide 23: Extraordinary General Meeting Resolution II
Extraordinary General Meeting 8 May 2012 Resolution II • Approval of the amendment of article 14.1 of the articles of association to allow a degree of flexibility in setting the annual general meeting date and time The board of directors has decided to propose an update of article 14.1 of the articl