Norsk Hydro Asa · OSL:NHY
Norsk Hydro Asa — Merger or Acquisition (April 2011)
12 slides from Norsk Hydro Asa's merger presentation, Apr 15, 2011
Slide 1: Pro forma 2010 financials after acquisition of Vale's aluminium business
Pro forma 2010 financials After acquisition of Vale’s aluminium business Preliminary unaudited pro forma condensed combined financial information April 15, 2011 (1)
Slide 2: Acquired aluminium assets from Vale
Acquired aluminium assets from Vale Paragominas, bauxite mine CAP alumina Alunorte, alumina refinery refinery project • Capacity: 10 million tonnes • Capacity: 6.3 million tonnes • Ownership: 60%, 100% from 2015 MRN bauxite • Ownership: 91% purchase agreement Bauxite licenses Albras, aluminium smelt
Slide 3: Underlying EBIT & EBITDA before and after transaction
Underlying EBIT & EBITDA Before and after transaction Underlying EBIT before transaction Pro forma Underlying EBIT after transaction NOK million NOK million 3 351 4 141 1 369 1 231 1 110 965 841 688 698 588 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Underlying EBITDA before tran
Slide 4: Pro forma segment information
Pro forma segment information Operational and financial performance Bauxite & Alumina Q1 2010 Q2 2010 Q3 2010 Q4 2010 Year 2010 Underlying EBIT, NOK million 205 448 348 223 1 225 Underlying EBITDA, NOK million 643 912 813 693 3 061 Alumina production, kmt 1 394 1 521 1 442 1 448 5 805 Sourced alumin
Slide 5: Pro forma Underlying EBIT and EBITDA
Pro forma Underlying EBIT and EBITDA NOK million Q1 2010 Q2 2010 Q3 2010 Q4 2010 Year 2010 Pro forma Underlying EBIT Bauxite & Alumina 205 448 348 223 1 225 Primary Metal (203) 481 306 230 816 Metal Markets 65 31 163 62 321 Rolled Products 223 309 227 105 864 Extruded Products 117 201 102 24 444 Ene
Slide 6: Pro forma Reported EBIT and EBITDA
Pro forma Reported EBIT and EBITDA NOK million Q1 2010 Q2 2010 Q3 2010 Q4 2010 Year 2010 Pro forma Reported EBIT Bauxite & Alumina 205 768 47 140 1 161 Primary Metal (41) 723 (368) 499 813 Metal Markets (32) 59 18 115 160 Rolled Products 684 50 261 219 1 214 Extruded Products 172 202 120 (68) 426 En
Slide 7: Pro forma income statement Year 2010
Pro forma income statement Year 2010 Vale Pro forma Hydro Pro forma NOK million Aluminium Hydro after actual adjustments combined transaction Revenue 75 754 14 279 (2 761) 87 272 Share of the profit (loss) in equity accounted investments (606) - (186) (791) Other income, net 568 - - 568 Total revenu
Slide 8: Pro forma income statement Q1 2010
Pro forma income statement Q1 2010 Vale Pro forma Hydro Pro forma NOK million Aluminium Hydro after actual adjustments combined transaction Revenue 18 145 3 145 (501) 20 788 Share of the profit (loss) in equity accounted investments (236) - (18) (255) Other income, net 183 - - 183 Total revenue and
Slide 9: Pro forma income statement Q2 2010
Pro forma income statement Q2 2010 Vale Pro forma Hydro Pro forma NOK million Aluminium Hydro after actual adjustments combined transaction Revenue 19 779 3 766 (784) 22 761 Share of the profit (loss) in equity accounted investments (83) - (100) (183) Other income, net 154 - - 154 Total revenue and
Slide 10: Pro forma income statement Q3 2010
Pro forma income statement Q3 2010 Vale Pro forma Hydro Pro forma NOK million Aluminium Hydro after actual adjustments combined transaction Revenue 18 424 3 301 (593) 21 133 Share of the profit (loss) in equity accounted investments (303) - (51) (354) Other income, net 119 - - 119 Total revenue and
Slide 11: Pro forma income statement Q4 2010
Pro forma income statement Q4 2010 Vale Pro forma Hydro Pro forma NOK million Aluminium Hydro after actual adjustments combined transaction Revenue 19 406 4 067 (883) 22 590 Share of the profit (loss) in equity accounted investments 17 - (17) - Other income, net 112 - - 112 Total revenue and income
Slide 12: www.hydro.com
www.hydro.com