K+S Aktiengesellschaft — FY2023 Earnings Presentation
12 slides from K+S Aktiengesellschaft's earnings presentation, Mar 14, 2024
Slide 1: Q4 and FY/2023 Results
March 14, 2024 Q4 and FY/2023 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 or 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: Key figures 2023: After record year 2022
Key figures 2023: After record year 2022 EBITDA Free cash flow (adjusted) 3000 1000 1,2 2500 2.400 2,4 900 800 932 2,423 (in € million) (in € million) 2000 700 600 1500 500 400 1000 1,067 300 500 712 712 200 311 100 93 0,2 0 0 2021 2022 2023 2021 2022 2023 3
Slide 4: Shareholder participation in the Company's success
Shareholder participation in the Company‘s success ► New distribution strategy resolved Dividend proposal 2023: 70 cents per share ► Total dividend payout: €125.4 million (previous year: €191.4 million + share buy back of €200 million) ► This corresponds to 40% of adjusted free cash flow 2023 (previ
Slide 5: Q4/23 EBITDA decreased after record 2022
Q4/23 EBITDA decreased after record 2022 Highlights Financials ▪ Q4/23 EBITDA at €162m (Q4/22: €559m) € million Q4/2022 Q4/2023 % ▪ Agriculture sales volume up at 2.04 mt (Q4/22: 1.89 mt) Revenues 1,485 974 -34 ▪ De-icing salt sales volume up at 0.75 mt (Q4/22: 0.68 mt) t/o Agriculture 1,115 682 -39
Slide 6: ASP development in Agriculture customer segment
ASP development in Agriculture customer segment 2021 Q1/22 Q2/22 Q3/22 Q4/22 2022 Q1/23 Q2/23 Q3/23 Q4/23 2023 Revenues € million 2,272.1 944.1 1,244.2 1,162.8 1,114.6 4,465.6 861.4 557.0 620.7 682.2 2,721.3 Europe € million 950.9 349.9 543.0 372.0 406.8 1,671.6 340.1 231.9 300.1 330.8 1,202.9 Overs
Slide 7: Outlook
Outlook 7
Slide 8: 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 ▪ Current spring season decisive for potash price development as demand from many important sales regions
Slide 9: Outlook 2024
Outlook 2024 EBITDA ▪ 2024 EBITDA expected to range between €500 and 650 million ▪ Upper end: Assuming significant price recovery overseas during the spring season (FY/2024 ASP 2,423 moderately below Q4/23) and Agriculture sales volume of 7.6 million tonnes ▪ Lower End: In case of MOP prices in Braz
Slide 10: More ambitious climate strategy adopted
More ambitious climate strategy adopted CO2 emissions in milllion tonnes p.a. (Scope 1 und 2) ▪ We have already reduced 80% of our CO2 emissions 4 CO2 K+S Group (1990-2020): % Reduction vs. 2020 ▪ We have achieved this through the extensive use of highly efficient combined heat and power (CHP) techn
Slide 11: 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 Kepler Cheuvreux Roadshow Frankfurt – CEO, COO March 1
Slide 12: 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: +
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