K+s Ag · XETR:SDF
K+s — K+S Aktiengesellschaft — Q2 2023 Earnings Presentation
10 slides from K+s's earnings presentation, Aug 11, 2023
Slide 1: Q2/2023 Results
August 10, 2023 Q2/2023 Results Dr. Burkhard Lohr Dr. Christian H. Meyer CEO CFO
Slide 2: Disclaimer
Disclaimer No reliance may be placed for any purpose whatsoever on the information or opinions contained in the Presentation or on its completeness, accuracy of fairness. No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its respective direc
Slide 3: Q2/23 EBITDA decreased YoY
Q2/23 EBITDA decreased YoY Highlights Financials ▪ Q2/23 EBITDA at €24m (Q2/22: €706m); burdened by sharp potash € million Q2/2022 Q2/2023 % price decrease after China contract with turning point finally seen at the Revenues 1,510 826 -45 end of Q2 ▪ Agriculture sales volume at 1.67 mt due to wait-a
Slide 4: ASP development in Agriculture customer segment
ASP development in Agriculture customer segment 2021 Q1/22 Q2/22 Q3/22 Q4/22 2022 Q1/23 Q2/231 Revenues € million 2,272.1 944.1 1,244.2 1,162.8 1,114.6 4,465.6 820.4 557.0 Europe € million 950.9 349.9 543.0 372.0 406.8 1,671.6 340.1 231.9 Overseas USD million 1,562.5 666.5 746.5 796.3 722.3 2,931.6
Slide 5: Outlook
Outlook 5
Slide 6: Continued positive environment
Continued positive environment Farmer profitability at historically high level Price development of agricultural commodities since 01/2020 US corn farmer profitability in USD/acre since 01/1996 220 Corn 200 Soybeans 180 160 140 120 100 80 December December 2019 2019 = = 100 100 60 01 04 07 10 01/21
Slide 7: World potash production and sales volumes by region
World potash production and sales volumes by region in million tonnes ▪ Even before limitation of Russian 28 exports and sanctions against Belarus, the potash market was fully used at 25 capacity limit. 33 6 ▪ Russia and Belarus each account for 12 7 7 approx. 16% of global potash 16 production. 17
Slide 8: 2023: EBITDA expected between €600 and €800 mln
2023: EBITDA expected between €600 and €800 mln ▪ 2023 EBITDA expected to range between EBITDA in € billion €800 million and €600 million ▪ Adjusted free cash flow expected to range between €300 million and €450 million, based on €550 million of capex 1,600 ▪ Agriculture customer segment: ▪ FY avera
Slide 9: Housekeeping items / Financial calendar
Housekeeping items / Financial calendar Additional information on 2023 FY outlook – continuing operations ▪ Tax rate: 30% ▪ CapEx: €550m (2022: €404m) ▪ Cash interest: ~ €-20m (2022: €-53m) ▪ D&A: ~ €450m Financial calendar Commerzbank and ODDO BHF Corporate Conference – CFO September 5, 2023 Jeffer
Slide 10: Investor Relations Contacts
Investor Relations Contacts Nathalie Frost Julia Bock, CFA Esther Beuermann Senior Investor Relations Manager Head of Investor Relations Senior Investor Relations Manager, ESG Expert Phone: + 49 561 / 9301-1403 Phone: + 49 561 / 9301-1009 Phone: + 49 561 / 9301-1679 Fax: + 49 561 / 9301-2425 Fax: +
K+S Aktiengesellschaft — Q2 2023 Earnings Presentation on 6ix