Boliden Ab · OMXSTO:BOL
Boliden Ab — Q1 2002 Earnings Presentation
12 slides from Boliden Ab's earnings presentation, Apr 30, 2002
Slide 1: First Quarter Report 2002 Telephone Conference
Boliden First Quarter Report 2002 Telephone Conference April 30, 2002 2002-01-31 1
Slide 2: Highlights first quarter 2002
Highlights first quarter 2002 Boliden “Boliden announces profit for first quarter 2002” Turnover & result (MSEK) Important events Turnover 2 406 (2 897) Jan Acquisition of copper-tube EBIT 97 (-88) manufacturer HME for MSEK 50. Earning after f.net. 17 (-558) Mar Agreement with NAN regarding Cash Flo
Slide 3: Turnover & Result
Turnover & Result Boliden Boliden Group 2002 2001 (MSEK) Q1 Q1 Turnover 2 406 2 897 EBIT 97 -88 EBIT margin (%) 4 -3 Earnings after financial items 17 -558 Net result 17 -460 Earnings per share (SEK) 0,20 -5,36 + Higher production at Rönnskär + Stronger USD vs SEK - Lower metal prices - Lower produc
Slide 4: Mining Operations
Mining Operations Boliden Mining Operations 2002 2001 (MSEK) Q1 Q1 Turnover 480 479 EBIT 10 -168 Depreciations 70 108 Capital Expenditures 60 112 + Stronger USD vs SEK - Lower metal prices - Lower production 2002-01-31 4
Slide 5: Metal Production
Metal Production Boliden 2002 2001 Change Metal Production Q1 Q1 in % Copper (tonnes) 15 453 20 800 -26% Zinc (tonnes) 24 039 36 173 -33% Lead (tonnes) 4 913 4 961 -1% Gold (ounces) 37 132 36 354 2% Silver (thousand ounces) 2 087 1 955 7% • Copper -lower production in Aitik -production stop at Myra
Slide 6: Metal Prices
Metal Prices Boliden Metal Prices 2002 2001 Change 2002 2001 Change average LME/LBM Q1 Q1 in % Q1 Q4 in % Copper (USD/lb) 0.71 0.80 -11% 0.71 0.65 9% Zinc (USD/lb) 0.36 0.46 -22% 0.36 0.35 3% Lead (USD/lb) 0.22 0.22 0% 0.22 0.21 5% Gold (USD/oz) 290 264 10% 290 278 4% Silver (USD/oz) 4.49 4.54 -1% 4
Slide 7: LME Copper Price
LME Copper Price Boliden USD/tonne USD/tonne 2650 2650 2500 2500 2350 2350 2200 2200 2050 2050 1900 1900 1750 1750 1600 1600 1450 1450 1300 1300 2002-01-31 7
Slide 8: LME Zinc Price
LME Zinc Price Boliden USD/tonne USD/tonne 1800 1800 1700 1700 1600 1600 1500 1500 1400 1400 1300 1300 1200 1200 1100 1100 1000 1000 900 900 800 800 700 700 2002-01-31 8
Slide 9: Smelter Operations
Smelter Operations Boliden 2002 2001 Smelter Operations MSEK Q1 Q1 Turnover 1 794 1 830 EBIT 94 -10 Depreciations 72 52 Capital Expenditures 10 35 + Higher production + Higher productivity - Lower treatment and refining charges - Lower metal prices 2002-01-31 9
Slide 10: Metal Production
Metal Production Boliden 2002 2001 Change Metal Production Q1 Q1 in % Copper (tonnes) 54 313 50 307 8% Zincclinker (tonnes) 9 223 8 658 7% Lead (tonnes) 6 329 9 410 -33% Gold (kg) 4 543 2 719 67% Silver (kg) 114 764 97 131 18% Lead alloy Bergsöe(tonnes) 13 246 12 717 4% + Increased production capaci
Slide 11: Fabrication
Fabrication Boliden 2002 2001 Fabrication MSEK Q1 Q1 Turnover 587 706 EBIT 4 10 Depreciations 14 15 Capital Expenditures 9 7 + Action program running + Acquisition of Dutch copper producer - Lower demand and prices for brass 2002-01-31 11
Slide 12: Summary Q1 2002
Summary Q1 2002 Boliden Market • Positive signals for growth in global economy • Metal prices pick up from low levels • Strong USD vs SEK Operations • Profit for the quarter • Improvements in all business units • Rönnskär hits production record for copper and gold • Lower production from mining oper