Aperam S.a. · EURONEXT:APAM
Aperam — Q2 2015 Earnings Presentation
16 slides from Aperam's earnings presentation, Jul 29, 2015
Slide 1: Second quarter 2015
Second quarter 2015 July 29, 2015 © Aperam 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about Aperam and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with re
Slide 3: Introduction & overview
Introduction & overview Highlights: • Health and Safety frequency rate of 0.8x in Q2 2015 compared to 1.3x in Q1 2015. • Shipments of 486 thousand tonnes in Q2 2015 compared to 469 thousand tonnes in Q1 2015. • EBITDA of USD 155 million in Q2 2015, compared to USD 133 million in Q1 2015. • Net Incom
Slide 4: Health & Safety Performance
Health & Safety Performance Lost Time Injury Frequency rate* 4.0 3.0 2.0 1.0 0 Profit improvement in Q1 due to market Health andfrequency & Safety internal initiatives butin rate of 0.8x Q2Q2 expected 2015 to be more challenging * WorldSteel-standard: Fr = lost time Injuries per 1.000.000 worked hou
Slide 5: Environment and markets
Second quarter 2015 Environment and markets 5
Slide 6: Stainless steel prices
Environment and markets Stainless steel prices Nickel - LME Cash (USD/t) Chinese versus European CR 304 2B 2mm coil transaction price (USD/t) 35 000 5 000 30 000 4 500 25 000 4 000 20 000 3 500 15 000 3 000 10 000 2 500 5 000 2 000 Chinese prices European prices With the recent fall in nickel prices
Slide 7: Performance and prospects
Second quarter 2015 Performance and prospects 7
Slide 8: Year on Year evolution of profitability
Performance and prospects Year on Year evolution of profitability Ebitda evolution (mUSD) Net result evolution (mUSD) 11,4% 120 1,39 350 10,3% 100 300 80 0,70 250 60 108 200 5,5% 40 4,7% 20 55 150 293 288 - 100 -20 - 39 - 40 131 146 50 -40 -60 -0,51 -0,51 - H1 2012 H1 2013 H1 2014 H1 2015 H1 2012 H1
Slide 9: Second quarter operating performance
Performance and prospects Second quarter operating performance Shipments (‘000t) Q2 2015 EBITDA per division (USD million) [1] 486 466 469 139 439 433 110 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 EBITDA (USD million) 164 155 137 133 117 18 14 14 13 Q1 2015 Q2 2015 Q1 2015 Q2 2015 Q1 2015 Q2 2015 Q2 2
Slide 10: Leadership Journey
Performance and prospects Leadership Journey® Cumulated gains (USD million) Asset upgrade program launched on best performing assets • Productivity improvement of the downstream 600 facilities in Genk (CAP2), Gueugnon (CAP10) Tranche 1 and Timoteo (Sendzimir Mill #1). 550 USD52m of Capex • Upgrade o
Slide 11: Financial results
Second quarter 2015 Financial results 11
Slide 12: Second quarter P&L highlights
Financial results Second quarter P&L highlights EBITDA to net income (USD million) (46) (21) 2 155 (24) 109 90 66 EBITDA Depreciation Operating Net interest & Forex Pre-tax Tax & Net income & impairment income financing & derivatives income Non-controlling costs [1] gains interests Profit improvemen
Slide 13: Second quarter cash flow highlights
Financial results Second quarter cash flow highlights Free cash flow (USD million) 24 53 155 22 78 56 EBITDA Working capital Net financial Cash-flow Capex and other Free cash-flow charges, taxes from investing activities & others operations Profit improvement in Q1 due Continued to market focus andw
Slide 14: Second quarter balance sheet highlights
Financial results Second quarter balance sheet highlights Assets & liabilities (USD million) Equity & net debt (USD million) [1] 21% 21% 22% 20% 19% 650 1 096 3 149 2 851 2 676 2 895 2276 2449 2 449 663 591 536 508 454 Assets Liabilities 30/06/2014 30/09/2014 31/12/14 31/03/15 30/06/15 Non-current a
Slide 15: Balance sheet strengthening and debt restructuring
Financial results Balance sheet strengthening and debt restructuring Quarterly net debt evolution Net interest expense and other financing costs evolution (USD million) (USD million) 1 150 140 1 050 120 950 100 850 80 750 60 650 40 550 20 450 - 2013 2014 Q2 2015 runrate Profit improvement Interest i
Slide 16: Q&A
Q&A Musée des Confluences in Lyon, France Architect: Coop Himmelb(l)au © Sergio Pirrone 600t of 3mm stainless steel sheets were used for the façade and 50t of 3mm stainless steel sheets for the interior decoration; in total over 17.000 sheets of stainless steel were used for this project.