Air Liquide Sa · EURONEXT:AI
Air Liquide Sa — FY2004 Earnings Presentation
18 slides from Air Liquide Sa's earnings presentation, Jan 26, 2005
Slide 1: Consolidated Sales Full Year 2004
Consolidated Sales Full Year 2004 26 January 2005
Slide 2: Consolidated sales FY 2004
Consolidated sales FY 2004 ¢ Benoît Potier: Chairman of the Management Board ¢ Jean-Claude Buono: Executive Vice-President Member of the Management Board ¢ John Glen: Group Finance Director Agenda a Highlights Benoît Potier a Analysis by geographic zone John Glen a Conclusion and outlook Benoît Poti
Slide 3: Highlights
Highlights Benoît Potier 3 Consolidated Sales 2004 - January 26, 2005
Slide 4: 2004: a significant year
2004: a significant year 2004 04/03 04/03 in M€ (as published) (of activities)* Group sales 9,376 +11.7% +7.1% Gas & Services 8,275 +12.0% +6.6% * excluding forex, change in natural gas price, Messer, Asian consolidation aacquisition and successful integration of Messer aaccelerated growth and confi
Slide 5: Confirmation of our strategy…
Confirmation of our strategy… 2004 Gas & Services growth (with Messer) in M€ +12% 8400 8,275 4.3pt 2.3pt 7700 7,389 6.4pt -1pt 70000 2003 other Messer base growth 2004 effects drivers Messer base new geographies technology, innovation, services 5 Consolidated Sales 2004 - January 26, 2005
Slide 6: …and accelerated growth
…and accelerated growth Gas & Services sales 2004 Gas & Services growth* 2004 Africa Asia excl. 2% France Japan 20% France +5.0% 7% Europe excl. Japan +7.4% France 11% Americas +6.5% 8,275 M€ Japan +3.9% Europe excl. Asia excl. Americas Japan +15.7% France 27% 33% 0% 4% 8% 12% 16% * excluding forex,
Slide 7: Analysis by geographic zone
Analysis by geographic zone John Glen 7 Consolidated Sales 2004 - January 26, 2005
Slide 8: Confirmation of good performance in Q4
Confirmation of good performance in Q4 In M€ 2004 04/03 Q4 04 Q4 04/03 Group sales 9,376 +11.7% 2,554 +18.5% (growth as published) forex, natural gas, Asian conso. effects <1%> +4.4% Messer contribution 471 +5.6% 178 +8.3% Growth from activities* +7.1% +5.8% Related activities 1,101 +10.9% 286 +5.1%
Slide 9: Americas: sustained demand since 2nd half 2003
Americas: sustained demand since 2nd half 2003 Americas 2004: 2,238 M€ +6.5%* ¢ Liquid volumes : strong contribution, stable prices 14% +11.7%* 12% ¢ Strong demand 10% chemicals, refinery 8% 6% ¢ Steel: good growth 4% +4.2%* 2% ¢ Hydrogen : 100,000 Nm 3/h 0% start-up in California Q1 Q2 Q3 Q4 Q1 Q2
Slide 10: Asia: high momentum in emerging economies
Asia: high momentum in emerging economies Asia-Pacific 2004: 1,512 M€ excl. Japan : +15.7%* ¢ Emerging Asia >20% Japan : +3.9%* a Ramp-up in Korea 28% (Yosù) 21% a Start-up in China (Caojing) +15.5%* 14% a Electronics : commercial success 7% China, Taiwan +3.8%* ¢ Japan: 0% Electronics sales +10% Q1
Slide 11: Europe: growth through enlarged offer
Europe: growth through enlarged offer Europe (excl. France) 2004: 2,754 M€ +7.4%* +31.2%* ¢ Significant contribution 10% 8% from growth drivers +7.0%* 6% ¢ HYCO: ramp-up in Belgium 4% (+100,000 Nm 3/h), start-ups 2% in Spain and France 0% T1 03 T2 03 T3 03 T4 03 T1 04 T2 04 T3 04 T404 ¢ Medical gase
Slide 12: Conclusion and outlook
Conclusion and outlook Benoît Potier 12 Consolidated Sales 2004 - January 26, 2005
Slide 13: Growth momentum in all our activities
Growth momentum in all our activities Gas & Services sales and quarterly growth 04/03* Large Industries: 2,261 M€ Industrial Customers: 3,834 M€ +10.0% +4.5% 20% 20% 15% 15% 10% 10% +7.5% 5% 5% +4.0% 0% 0% Q1 03 Q2 03 Q3 03 Q4 03 Q1 04 Q2 04 Q304 Q404 Q1 03 Q2 03 Q3 03 Q4 03 Q1 04 Q2 04 Q304 Q404 El
Slide 14: 2004 confirms our mid-term ambitions
2004 confirms our mid-term ambitions Gas & Services sales (including Messer) In M€ +7 to 9% CAGR 12000 +12% Messer technology, innovation, services +10-17% new geographies +10-17% base +2-4% 0 2003 2004 2008 14 Consolidated Sales 2004 - January 26, 2005
Slide 15: Appendices
Appendices 15 Consolidated Sales 2004 - January 26, 2005
Slide 16: Growth in all geographic zones
Growth in all geographic zones Sales 04/03 Q1 04 Q2 04 Q3 04 Q4 04 04/03 (growth of sales in M€ 2004 (as published) activities)* Asia-Pacific 349 338 349 477 1,512 +13.1% +7.5% Americas 520 569 580 569 2,238 +5.0% +6.5% Europe (excl. Fr.) 590 677 723 764 2,754 +23.4% +7.4% France 401 401 396 421 1,6
Slide 17: Growth in all business lines
Growth in all business lines Sales 04/03 04/03 Q1 04 Q2 04 Q3 04 Q4 04 (as (growth of sales in M€ 2004 published) activities)* Industrial 838 957 991 1,048 3,834 +14.3% +4.5% Customers Large Industries 540 544 561 616 2,261 +13.1% +10.0% Electronics 209 203 215 257 884 +6.6% +6.7% Healthcare 308 320
Slide 18: Currency effect and natural gas prices
Currency effect and natural gas prices Variation €/$ (average value in $) Currencies Q4 03 = 1.231 +5.2% Q4 04 = 1.295 12 Natural gas 10 USA (USD/mmbtu) Europe (EURO/GJ) Canada (CAD/GJ) 8 6 4 2 0 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11