Air Liquide SA · EURONEXT:AI
Air Liquide SA — H1 2002 Earnings Presentation
10 slides from Air Liquide SA's earnings presentation, Jul 30, 2002
Slide 1: Consolidated Sales 1st Half 2002
Consolidated Sales 1st Half 2002 July 30, 2002
Slide 2: 1st Half 2002 Consolidated Sales
1st Half 2002 Consolidated Sales " Benoît Potier: Chairman of the Management Board " Jean-Claude Buono: Executive Vice-President Member of the Management Board Agenda: ! Consolidated sales as of June 30, 2002 ! Gas and Services by geographic zone ! Gas and Services by business lines ! Conclusion 2
Slide 3: 1st Half 2002 (key figures)
1st Half 2002 (key figures) # 2nd quarter sales were up +3% compared to the 1st quarter 2002 # ANALYSIS Q1/02 Q2/02 H1/02 ! Total sales (million €): 1,939 1,996 3,936 Comparable basis (02/01) -3.0 % -3.4 % ! Natural gas: -2.4 % -4.1 % ! Perimeter: +0.9 % +0.4 % ! Currency: -3.4 % -1.6 % ! Gas and Se
Slide 4: Gas and Services by geographic zone, comparable basis
1st Half 2002 – Gas and Services (by geographic zone, comparable basis) France Europe -1.2 % (excl. France) Asia +2.5 % -11.1 % Americas -3.6 % 4
Slide 5: 1st Half 2002 – Large Industries
1st Half 2002 – Large Industries ! Large Industries: 908 M€ -0.4% (comparable basis) Base 100 / Q1 00* (comparable basis) ! Natural gas impact: -16.3% ! Growth Q2/Q1 of oxygen volumes in 120 Europe and North America ! Hydrogen continues 100 to grow ! “Wheeling” impact in co-generation Q1 Q2 Q3 Q4 Q1
Slide 6: 1st Half 2002 – Electronics
1st Half 2002 – Electronics ! Electronics: 356 M€ -25.2% (comparable basis) -3.6% excl. equipment Base 100 / Q1 00 (comparable basis) 145 ! Equipment sales still weak, but favorable progress in the order book 100 ! Growth of specialty gases since Q1 2002 confirmed ! Good performance of carrier gases
Slide 7: 1st Half 2002 – Industrial Customers
1st Half 2002 – Industrial Customers ! Industrial Customers: 1,600 M€ +0.4% (comparable basis) !All gas products !France: -1 % and services grew… !Europe (excl. France): +3 % !…in a still favorable !North America: -3 % pricing environment !South America: +9 % !Liquid volumes stable, !Japan: -7 % cyl
Slide 8: 1st Half 2002 – Healthcare
1st Half 2002 – Healthcare ! Healthcare: 586 M€ Base 100 / Q1 00 +5.0% (comparable basis) (comparable basis) ! Good growth 11 % CAGR : + of hospital gases in Europe 130 ! Homecare 100 performance more contrasted by geographic zone ! Hygiene: good growth Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 due to new produ
Slide 9: 1st Half 2002 – Services
1st Half 2002 – Services ! Services: 626 M€ (18.1% of Gas and Services sales) H1 02 / H1 01: Growth excluding currency & natural gas !Healthcare: + 8.4 % !Industrial*: + 11.1 % Sub Total: + 9.6 % !Energy solutions**: - 10.0 % TOTAL: + 1.4 % * Small on-site services, field and operations, information
Slide 10: Conclusion
Conclusion ! 2nd quarter sales grew +3% from 1st quarter. All business lines were up. ! Overall, down slightly in 1st half but in line with our expectations. ! The positive signs seen in certain sectors toward the end of the 1st quarter were confirmed. ! The portfolio of new contracts under negotiat