K+S Aktiengesellschaft — Shareholder Meeting (2021)
16 slides from K+S Aktiengesellschaft's shareholder meeting presentation, 2021
Slide 1: 2021 Annual General Meeting
K+S Aktiengesellschaft 2021 Annual General Meeting Speech of Dr. Burkhard Lohr Chairman of the Board of Executive Directors
Slide 2: A warm welcome
A warm welcome
Slide 3: Important milestones reached
Important milestones reached ▪ Sale of the Americas operating unit ▪ Establishment of the REKS joint venture ▪ Restructuring of the administration ▪ Process optimization and operational excellence ▪ Increase in production at all sites 3 2021 Annual General Meeting
Slide 4: Sale of the Americas operating unit
Sale of the Americas operating unit Milestone for the reduction of debt ▪ Closing completed on April 30, 2021 ▪ Enterprise value: USD 3.2 billion, equivalent to 13.4 times EBITDA ▪ Net proceeds: ~2.6 billion euros 4 2021 Annual General Meeting
Slide 5: REKS
Champion in waste management business REKS ▪ Joint venture between Remondis and K+S ▪ Profitable business with future prospects ▪ Cash inflow: about 90 million euros ▪ Book gain: around 200 million euros 5 2021 Annual General Meeting
Slide 6: Restructuring of administration
Restructuring of administration Reduction in administrative costs: 60 million euros per year Socially-responsible reduction of around 300 full-time positions 2021 Annual General Meeting 6
Slide 7: Efficiency programs prove effective
Efficiency programs prove effective Process optimization ▪ More than 150 million euros in synergies in Procurement, Logistics, Production, Marketing and Sales Production increase ▪ Bethune produces almost 2 million tonnes for the first time ▪ Sales volumes rise to over 7 million tonnes 7 2021 Annual
Slide 8: Important milestones reached
Important milestones reached ▪ Sale of the Americas operating unit ▪ Establishment of the REKS joint venture ▪ Restructuring of the administration ▪ Process optimization and operational excellence ▪ Increase in production at all sites 8 2021 Annual General Meeting
Slide 9: Environmental issues: Major progress achieved
Environmental issues Major progress achieved ▪ State treaty between Hesse and Thuringia amended ▪ Important prerequisite for future waste management concept ▪ Wintershall and Zielitz tailings pile expansions approved 9 2021 Annual General Meeting
Slide 10: 2020 annual financial statements
2020 annual financial statements ▪ Unqualified opinion of the auditors ▪ Ongoing FREP examination 10 2021 Annual General Meeting
Slide 11: Key figures for the 2020 financial year
Key figures for the 2020 financial year ▪ Lower potash prices Revenues EBITDA - in € billion - - in € million- ▪ Significantly weaker de- icing salt business -9% -30% ▪ Special effects on costs 640 4.1 ▪ High impairment leads to 3.7 significantly negative 445 earnings after taxes 2019 2020 2019 2020
Slide 12: Good start into 2021
Good start into 2021 Key figures from continuing operations Q1 revenues Q1 EBITDA Agriculture - in € million- - in € million - ▪ Favorable demand for fertilizers in all regions ▪ Agricultural prices rise +13% +27% De-icing salt business 733 ▪ Strong performance in Q1 647 126 ▪ Good earls fills busin
Slide 13: We enrich life for generations.
WE ENRICH LIFE FOR GENERATIONS. 2021 Annual General Meeting 13
Slide 14: We ensure nutrition, health, and safety
We ensure nutrition, health, and safety. We enable the success of our customers. We are committed to sustainable mining. We leverage our unique infrastructure for economic efficiency. We act as a partner with our communities. 14 2021 Annual General Meeting
Slide 15: The four elements of the new strategy
The four Making our existing elements of the 1. business even more robust! new strategy 2. Further developing growth options New business areas / 3. leveraging unique infrastructure 4. Climate strategy 15 2021 Annual General Meeting
Slide 16: Thank you.
VIELEN DANK FÜR Thank you. IHRE AUFMERKSAMKEIT