K+s Ag · XETR:SDF
K+s — K+S Aktiengesellschaft — Q1 2024 Earnings Presentation
9 slides from K+s's earnings presentation, May 13, 2024
Slide 1: Q1/2024 Results
May 13, 2024 Q1/2024 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: Q1/24 Highlights
Q1/24 Highlights Highlights Financials ▪ Q1/24 EBITDA at €200m (Q1/23: €454m) € million Q1/2023 Q1/2024 % ▪ Agriculture sales volume up at 2.02 mt (Q1/23: 1.73 mt) Revenues 1,192 988 -17 ▪ De-icing salt sales volume up at 0.72 mt (Q1/23: 0.59 mt) t/o Agriculture 861 680 -21 ▪ Q1/24 adj. FCF at €111m
Slide 4: ASP development in Agriculture customer segment
ASP development in Agriculture customer segment 2022 Q1/23 Q2/23 Q3/23 Q4/23 2023 Q1/24 Revenues € million 4,465.6 861.4 557.0 620.7 682.2 2,721.3 679.9 Europe € million 1,671.6 340.1 231.9 300.1 330.8 1,202.9 344.7 Overseas USD million 2,931.6 559.3 353.9 349.0 377.8 1,640.0 364.0 Potassium chlorid
Slide 5: Outlook
Outlook 5
Slide 6: Market outlook 2024
Market outlook 2024 ▪ Supply volumes from Russia and Belarus to again increase in 2024 vs. 2023 outside of Europe and the US ▪ Increase of potash demand expected as well ▪ No oversupply expected ▪ Demand for Industry+ should develop positively 6
Slide 7: Outlook 2024 – confirmed (in € million)
Outlook 2024 – confirmed EBITDA ▪ 2024 EBITDA still expected to range between €500 and 650 million ▪ Upper end: Assuming price recovery overseas to continue (FY/2024 ASP moderately below Q1/24) 2,423 and Agriculture sales volume of 7.6 million tonnes. ▪ Lower end: Although full-year EBITDA at the lo
Slide 8: Housekeeping items / Financial calendar
Housekeeping items / Financial calendar Additional information on 2024 FY outlook – continuing operations ▪ Tax rate: 30% ▪ CapEx: €550m (2023: €525m) ▪ Cash interest: less than €-15m (2023: €-15m) ▪ D&A: ~ €490m (2023: €456m) Financial calendar AGM May 14, 2024 Oddo Sustainability Forum, virtual –
Slide 9: 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 — Q1 2024 Earnings Presentation on 6ix