K+S Aktiengesellschaft

K+S Aktiengesellschaft — Non-Deal Roadshow (August 2020)

12 slides from K+S Aktiengesellschaft's roadshow presentation, Aug 18, 2020

  1. Slide 1: Berenberg London Roadshow

    August 2020 K+S Aktiengesellschaft Berenberg London Roadshow Dr. Burkhard Lohr Dirk Neumann CEO Head of Investor Relations

  2. Slide 2: Complete sale OU Americas on schedule

    Complete sale OU Americas on schedule 1 Unique position in the salt market • Leading brands with high • Revenues: EUR 1.5 billion emotional customer loyalty (2019) • Established customer- • EBITDA: EUR 230 million oriented network with 29 (2019) locations in North America POINTE-CLAIRE • Stable cash

  3. Slide 3: K+S realignment is making progress

    K+S realignment is making progress Target Main target: all sites free cash flow positive even with a low potash price or weak winter business • One important step is the development of a new organization based on an SG&A cost budget of EUR 140 million (EUR 60 million less than in 2019) Approach • On

  4. Slide 4: K+S: Focus remains on strengthening the balance sheet

    K+S: Focus remains on strengthening the balance sheet June 2020: Net financial liabilities: € 3 billion Net financial liabilities / EBITDA: 5.6x Sale of OU Americas OU Europe+ measures Restructuring End of 2021 • Reduction of net financial liabilities by significantly more than € 2 billion • Stable

  5. Slide 5: Financials

    Financials 5

  6. Slide 6: Solid Q2/20 EBITDA despite difficult market environment

    Solid Q2/20 EBITDA despite difficult market environment Highlights Financials  Q2/20 EBITDA down to €88m (Q2/19: €130m) € million Q2/2019 Q2/2020 %  Adj. FCF €-43m in Q2/20 Revenues 878 840 -4  COVID-19: Minor efficiency losses due to protective t/o Europe+ 627 588 -6 measures and short shutdowns

  7. Slide 7: Outlook 2020 confirmed

    Outlook 2020 confirmed No effects from sale of OU Americas included Main assumptions EBITDA in €m • FY/20 Agriculture ASP expected to be slightly above Q2/20 level (€231/t)  COVID-19 • FY/20 Agriculture sales volume related  One-time efficiency expenses expected to be >7mt (2019: 6.3 mt)  Mainly

  8. Slide 8: We are making progress with the measures that are in our hands

    We are making progress with the measures that are in our hands Strong operational performance; widely COVID-19 robust No wastewater-related issues in Germany Bethune quality fulfills customers expectations; ramp-up according to plan Active working capital management to secure liquidity Package of me

  9. Slide 9: Q&A

    Q&A Dr. Burkhard Lohr Dirk Neumann CEO Head of Investor Relations

  10. Slide 10: Housekeeping items / Financial calendar

    Housekeeping items / Financial calendar Additional information on FY 2020 outlook  Tax rate: ~30%  Financial result: ~€-140m-€-150m  CapEx: significantly up  D&A: ~€450m  Reconciliation (EBITDA): €-60m to €-80m Financial calendar Berenberg Virtual Roadshow, London 18 Aug 2020 Bankhaus Lampe Deu

  11. Slide 11: IR Contact Details

    IR Contact Details K+S Aktiengesellschaft Bertha-von-Suttner-Str. 7 34131 Kassel (Germany) e-mail: investor-relations@k-plus-s.com homepage: www.kpluss.com IR-website: www.kpluss.com/ir Dirk Neumann Christiane Martel Head of Investor Relations Roadshow Management Phone:+49 561 / 9301-1460 Phone:+49

  12. Slide 12: 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

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