Bekaert SA · EURONEXT:BEKB
Bekaert SA — Investor Day (February 2008)
21 slides from Bekaert SA's investor day presentation, February 2008
Slide 1: Capital market event 2008: Trading update
Capital market event 2008 Trading update Bruno Humblet, CFO 0 Capital Market Event February 2008
Slide 2: Highlights 2007
Highlights 2007 Bekaert confirms strong sales growth: - Record sales in 2007 - Driven by: • Geographical expansion • Improved product mix 1 Capital Market Event February 2008
Slide 3: Sales
Sales in millions of € 4000 3 419 3500 3 195 3 085 3000 1245 2500 1171 1185 2000 1500 1000 2010 2174 1914 500 0 2005 2006 2007 Consolidated Joint ventures and associates 2 Capital Market Event February 2008
Slide 4: Segment reporting 2007
Segment reporting 2007 Combined sales € 3.4 billion advanced materials: 2% advanced coatings: € 204 million or 6% € 124 million or 4% stainless 1% specialized films: 2% fiber technologies 2% industrial coatings: 2% combustion technologies 2% wire Europe composites 1% 11% carding solutions 1% wire No
Slide 5: Sales: solid top line growth
Sales 2006 Organic Acquisitions/ Currency 2007 growth divestments movements +2.5% -2.3% Consolidated +8.0% } + 8.2% 2010 2174 +1.2% Combined +6% +8.0% -2.2% } + 7.0% 3194 3419 in millions of € Ö Solid top line growth, both consolidated and combined 4 Capital Market Event February 2008
Slide 6: Total combined quarterly sales
Total combined quarterly sales in thousands of € 1 000 000 950 000 900 000 850 000 800 000 750 000 700 000 650 000 600 000 550 000 500 000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2004 2005 2006 2007 5 Capital Market Event February 2008
Slide 7: Exchange rates: 10 year overview
Exchange rates : 10 year overview 140% 130% 120% 110% 100% 90% 80% 70% 60% 50% 40% 30% 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Euro USD average USD closing CNY BRL 6 Capital Market Event February 2008
Slide 8: Sales by geographical area
Sales by geographical area - Good demand in Europe, supported by an improved product mix - Difficult market conditions in North America remain, but some improvement in second half 2007 due to export opportunities - Strong activity level in Latin America notwithstanding currency, price pressure and i
Slide 9: Sales by geographical area
Sales by geographical area Consolidated sales Combined sales in millions of € variance in millions of € variance Europe 1 051 +8% 1 057 +5% North America 511 -15% 544 -15% Latin America 71 +125% 1 248 +12% Asia 506 +37% 517 +34% Other regions 35 +4% 53 -1% Total 2 174 +8% 3 419 +7% Consolidated sale
Slide 10: Sales by business segment
Sales by business segment Consolidated sales Combined sales in millions of € variance in millions of € variance Advanced wire products 1 844 +9% 3 095 +8% Advanced materials 204 +10% 204 +10% Advanced coatings 124 -9% 124 -9% Intersegment and others 2 -4 Total 2 174 +8% 3 419 +7% Consolidated sales
Slide 11: Advanced wire products
Advanced wire products - Overall solid volumes - Improved product mix - Booming offshore sector generates strong demand for flat and profiled wires - Strong demand for steel cord products in China, capacity adaptations in other regions - Increased market penetration for building product Dramix® 10 C
Slide 12: Advanced wire products: sales
Advanced wire products: sales in millions of € 3500 % +8.4 3095 2854 3000 2750 2500 1251 1166 1110 2000 1500 1000 1844 1640 1689 500 0 2005 2006 2007 Consolidated Joint ventures and associates 11 Capital Market Event February 2008
Slide 13: Advanced wire products: combined sales
Advanced wire products: combined sales Advanced wire products: +8.4% wire Europe +10% wire North America -2% wire Latin America +12% wire Asia +14% building products +10% steel cord China +48% steel cord others -6% Carding solutions -2% 12 Capital Market Event February 2008
Slide 14: Advanced wire products: combined sales
Advanced wire products: combined sales Combined sales per activity platform other advanced wire products 1% wire Europe 12% steel cord others 23% wire North America 7% steel cord China 12% building products 5% wire Latin America 39% wire Asia 1% 13 Capital Market Event February 2008
Slide 15: Advanced materials
Advanced materials - Higher selling prices in stainless reflect the higher price of nickel-based wire rod - Fiber technologies was supported by a specific one time order in Q2 and a breakthrough for applications for diesel particulate filters - Combustion technologies showed a strong growth in most
Slide 16: Advanced materials: sales
Advanced materials: sales in millions of € 250 . 4 % 200 +10 150 100 204 184 141 50 0 2005 2006 2007 Combined sales equal consolidated sales as the advanced materials segment has no joint ventures and associates 15 Capital Market Event February 2008
Slide 17: Advanced materials: sales
Advanced materials: sales Advanced materials: +10% stainless +21% fiber technologies +9% combustion technologies +12% composites -4% Sales per activity platform composites stainless 10% 17% combustion technologies 35% fiber technologies 38% 16 Capital Market Event February 2008
Slide 18: Advanced coatings
Advanced coatings - Industrial coatings market remained extremely competitive. Cessation of activities in the US and in Asia. - Specialized films is highly dependent on US market where it experienced a weaker demand in automotive and housing. Partially offset by higher sales in Asia and Europe. Nega
Slide 19: Advanced coatings: sales
Advanced coatings: sales in millions of € 140 -9% 120 100 80 133 136 60 124 40 20 0 2005 2006 2007 Combined sales equal consolidated sales as the advanced coating segment has no joint ventures and associates 18 Capital Market Event February 2008
Slide 20: Advanced coatings: sales
Advanced coatings: sales Advanced coatings: -9% industrial coatings -7% specialized films -11% Sales per activity platform industrial specialized coatings films 56% 44% 19 Capital Market Event February 2008
Slide 21: better together
better together www.bekaert.com 20 Capital Market Event February 2008