Air Liquide SA · EURONEXT:AI
Air Liquide SA — 9M 2001 Earnings Presentation
8 slides from Air Liquide SA's earnings presentation, Oct 30, 2001
Slide 1: Consolidated Sales as of 30 September 2001
Consolidated Sales As of 30 September 2001 AIR LIQUIDE 30 October 2001
Slide 2: Consolidated sales as of 30 September 2001
Consolidated sales as of 30 September 2001 § Benoît Potier : Chief Executive § Jean-Claude Buono : Senior Vice-President Agenda : ü Consolidated sales as of September 30, 2001 ü Analysis of the other activities ü Segment analysis Gas and Services ü Services and highlights ü Conclusion 2
Slide 3: Consolidated sales as of 30 September 2001
Consolidated sales as of 30 September 2001 ¢ Total sales : 6,249 M€ +7.2% =Perimeter effect : - 1.5% =Currency effect : +0.3% =Natural gas impact : +2.3% Ø Organic growth : +6.1% ¢ Gas and Services sales : 5,220 M€ * +9.8% =Perimeter effect : - =Currency effect : +0.4% =Natural gas impact : +2.8% Ø
Slide 4: YTD growth of the other activities
YTD growth of the other activities (at constant currency) ¢ Welding (at constant perimeter) : -0.6% =Disposal of the welding equipment business in the US ¢ Engineering and Construction : +8.4% =Strong sales to third parties in Q3 2000 ¢ Other businesses (at constant perimeter) : +8.7% =Good performa
Slide 5: Segment analysis (1/2)
Segment analysis (1/2) Gas and Services (at constant currency) ¢ Large Industries: +16.6% YTD =Q3: • +0.2% on a comparable basis • Natural gas impact : -4.9% • Growth of gases sales • Ramp-up of H2/H2CO projects (ex. Europe et Korea) • Slowdown of co-generation/exceptional year 2000 ¢ Electronics: +
Slide 6: Segment analysis (2/2)
Segment analysis (2/2) Gas and Services (at constant currency) ¢ Industrial Customers: +4.1% YTD =Q3 • Continued to grow: +3.3% (at constant currency and perimeter) • Still favourable price environment • A sustained level of activity in Europe • Completion of US reorganisation in line • Stable level
Slide 7: Services and Q3 highlights
Gas and Services (at constant currency) ¢ Services: 19.7% of YTD sales =Q3 • On-going growth (ex. natural gas) • Negative effect of natural gas price • Slowdown of co-generation ¢ Q3 highlights: ü Acquisition of Messer subsidiaries in 6 countries ü Acquisition of 57% of Hede Nielsen (Denmark) ü Acqu
Slide 8: Conclusion
Conclusion § Air Liquide is well positioned to face the weakening economic context § More than 50% of the activity on still growing markets § Favourable price environment + efficiency measures in place § Improvement of margins maintained § Reduction of current investments without compromising long-