Ssab Ab Class A · OMXSTO:SSAB_A
Ssab Ab Class A — Shareholder Meeting (April 2014)
19 slides from Ssab Ab Class A's shareholder meeting presentation, Apr 9, 2014
Slide 1: Annual General Meeting 2014
Annual General Meeting 2014 Stockholm Martin Lindqvist April 9, 2014 President and CEO
Slide 2: 2013 in brief
2013 in brief 2013 continued to be a challenging year for the steel industry and for SSAB. The year was characterized by weak demand and low prices SSAB’s shipments increased by 6% but with a lower percentage of niche products Operating loss of SEK -1,131 million SSAB continues to deliver po
Slide 3: Sales and operating profit
Sales and operating profit April 9, 2014 Annual General Meeting 2014 3
Slide 4: Milestones during 2013 – The business
Milestones during 2013 – The business Implementation of efficiency programs within the EMEA och Americas business areas Continued development of the offering within the aftermarket for wear steels - SSAB Wear Services The Swedish Steel Prize celebrated its 15th anniversary April 9, 2014 Annual
Slide 5: A new sustainability strategy was developed in 2013
A new sustainability strategy was developed in 2013 Environmental responsibility – Reduced carbon dioxide emissions – Reduced volume of purchased energy – Reduced volume of material sent to landfill Sustainable products – 50% of shipments shall comprise high strength steels, of which 35% on emer
Slide 6: Environment, health and social responsibility – Events and activities in 2013
Environment, health and social responsibility – Events and activities in 2013 Risk identification of the Group’s suppliers and improved system support for monitoring suppliers Training of the purchasing organization for monitoring of suppliers Approximately 90% of employees have undergone trai
Slide 7: SSAB intends to acquire Rautaruukki
SSAB intends to acquire Rautaruukki April 9, 2014 Annual General Meeting 2014 7
Slide 8: A combination with clear industrial logic
A combination with clear industrial logic Flexible and cost effective production to better adapt to changes in market demand Value creation through tangible synergies Accelerated growth in high strength steels, standard strip, heavy plate and tubular products Enhanced ability to invest in pr
Slide 9: Complemental strengths and offerings
Complemental strengths and offerings April 9, 2014 Annual General Meeting 2014 9
Slide 10: Global reach for the combined company
Global reach for the combined company April 9, 2014 Annual General Meeting 2014 10
Slide 11: Broadened steel production base in the Nordics
Broadened steel production base in the Nordics 1 Luleå Steel-making 2 Borlänge Strip products 1 1 3 Oxelösund Steel-making, heavy plates 2 2 1 3 Raahe Steel-making, heavy plates and strip products 2 Hämeenlinna Strip products and tubes April 9, 2014 Annual General Meeting 2014 11
Slide 12: Anticipated synergies of up to SEK 1.4 billion
Anticipated synergies of up to SEK 1.4 billion Summary of expected Source to expected synergies, % synergies, m SEK April 9, 2014 Annual General Meeting 2014 12
Slide 13: Increased flexibility in the Nordic blast furnaces production system
Increased flexibility in the Nordic blast furnaces production system to better adapt to changes in market demand Nordic slab production / from 3.5 – 6.5 million tonnes Million tonnes 6.5 Illustration of possible production scenarios 6.0 5.5 O O R R L 5.0 4.5 O O R R L 4.0 3.5 O O R R L 3.0 2.5 O O R
Slide 14: The acquisition fits in well with the existing strategy
The acquisition fits in well with the existing strategy April 9, 2014 Annual General Meeting 2014 14
Slide 15: The offer to Rautaruukki's owners creates value for all shareholders
The offer to Rautaruukki’s owners creates value for all shareholders 0.4752 newly issued SSAB class A shares and 1.2131 newly issued SSAB class B shares are being offered for each Rautaruukki share The offer to Rautaruukki’s shareholders corresponds to a premium of 20% Upon full acceptance of
Slide 16: Ownership structure after the combination
Ownership structure after the combination* Owner % Votes % Capital Industrivärden 17,5% 10,5% Solidium 10,0% 16,8% LKAB 3,7% 2,2% Swedbank Robur fonder 3,4% 2,5% Handelsbanken fonder 2,8% 2,0% Other shareholders 62,6% 65,9% Total 100% 100% Current SSAB shareholders 75% 58% Current Rautaruukki 25% 42
Slide 17: Milestones before the acquisition can be completed
Milestones before the acquisition can be completed SSAB’s shareholders: – Approval of the issuance of shares to Rautaruukki’s shareholders at SSAB’s Annual General Meeting on April 9 Rautaruukki’ s shareholders: – The formal exchange offer will be presented on April 10 – The acceptance period wi
Slide 18: Our vision
Our vision Together with our customers, SSAB will go further than anyone to realize the full potential of lighter, stronger and more durable steel products April 9, 2014 Annual General Meeting 2014 18
Slide 19: April 9, 2014 Annual General Meeting 2014
April 9, 2014 Annual General Meeting 2014 19