Acerinox Sa · BME:ACX
Acerinox Sa — Shareholder Meeting (April 2024)
14 slides from Acerinox Sa's shareholder meeting presentation, Apr 22, 2024
Slide 1: Chairman's Report
Chairman’s Report Carlos Ortega Arias-Paz Annual Shareholders’ Meeting | Fiscal Year 2023 Madrid, April 22, 2024
Slide 2: Our purpose, mission and vision
Our purpose Higher-value-added Leaders in the supply of stainless steels and high-performance alloys Driving the circular economy Mission and vision Suitable materials A more efficient future A more sustainable society Value generation
Slide 3: New economic order
New economic VDM New Jersey Nevada order VDM Germany Supply chain disruptions Bahru Malaysia Acerinox Europa Regionalization Spain NAS Columbus South Africa Kentucky Strategic autonomy
Slide 4: 2023: Acerinox's resilience
2023: Acerinox’s resilience €6,608M €228M €703M Revenue Net profit EBITDA The fourth best in our history EBITDA margin Setting a new profitability level 5 5
Slide 5: Difficult circumstances
Difficult circumstances European market Geopolitical situation and Chinese Inventory overproduction reduction Decrease in apparent demand Increased costs at production sites ACERINOX 2020 RESULTS PRESENTATION
Slide 6: Our strategy
Our strategy VDM New Jersey Nevada VDM Germany Strengthening our presence in HPAs and in the USA €67 million investment in VDM Metals Purchase offer for Haynes International
Slide 7: Purchase offer Haynes International
Purchase offer Haynes International Complementary R&D&i A highly lines of business experienced team Strengthening our presence in the HPA sector
Slide 8: Transaction details Haynes International
Transaction details Haynes International $970 $61 per share $798 million million 8.7% premium + $200 Group reinvestment over the next four million years Stainless steel - HPA $71 Synergies identified million Objectives America Special alloys Aerospace
Slide 9: Stock market
Stock market IBEX 35 22.8% Euro STOXX 50 - European 19.2% DAX - German 20.3% PSI - Portuguese 11.7% CAC 40 - French 17% FTSE 100 - British 3.8% Nikkei - Japanese 28.2% CSI 300 - Chinese -11.4% DJ Industrial - US 14% S&P 500 - US 24% NASDAQ-100 Index 53.8%
Slide 10: Share performance
Share performance The most international. In 2023 Analysts’ recommendation December 28 World leader in €10.70 high-performance 81% 14% 5% alloys. October 23 Buy Hold Sell Leader in the US. €8.80 Average share price target 20.0% 20,0% €13.30 15.0% 15,0% +15% 10.0% 10,0% 5.0% 5,0% 0,0% 0.0% -5,0% -5.0
Slide 11: Shareholder remuneration
Shareholder remuneration +3.3% vs. 2023 +20% vs. 2022 €0.62 Amount paid per share in dividends 150M€ Two payments in shareholder remuneration Interim payment in January and a final payment in July €0.60 Amount paid per share Buyback in dividends plans As long as market conditions 10,388,974 permit R
Slide 12: Corporate governance 2023
Corporate governance 2023 48 Meetings held 34 14 Mr. Pedro Sainz de Baranda Committees Board of Directors Independent Director Women on the board of directors ACERINOX 2020 RESULTS PRESENTATION
Slide 13: Thanks to all of you!
Thanks to all of you! 8,229 11,864 7,702 44,000 ACERINOX 2020 RESULTS PRESENTATION
Slide 14: Thank you!
Today we build together the Acerinox of tomorrow Thank you!