K+s Ag · XETR:SDF
K+s — K+S Aktiengesellschaft — Q2 2024 Earnings Presentation
9 slides from K+s's earnings presentation, Aug 14, 2024
Slide 1: Q2/2024 Results
August 14, 2024 Q2/2024 Results Dr. Burkhard Lohr Dr. Christian H. Meyer CEO CFO
Slide 2: Disclaimer
Disclaimer No reliance may be placed for any purpose whatsoever on the information or opinions contained in the Presentation or on its completeness, accuracy of fairness. No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its respective direc
Slide 3: Q2/24 Highlights
Q2/24 Highlights Highlights Financials ▪ Q2/24 EBITDA at €128m (Q2/23: €24m) € million Q2/2023 Q2/2024 % ▪ Agriculture sales volume (excl. trade goods) up at 1.84 mt (Q2/23: Revenues 826 874 +6 1.63 mt) due to higher specialties volumes and better European business ▪ Q2/24 adj. FCF at €-24m (Q2/23:
Slide 4: ASP development in Agriculture customer segment
ASP development in Agriculture customer segment 2022 Q1/23 Q2/23 Q3/23 Q4/23 2023 Q1/24 Q2/24 Revenues € million 4,465.6 861.4 557.0 620.7 682.2 2,721.3 679.9 615.9 Europe € million 1,671.6 340.1 231.9 300.1 330.8 1,202.9 344.7 270.5 Overseas USD million 2,931.6 559.3 353.9 349.0 377.8 1,640.0 364.0
Slide 5: Outlook
Outlook 5
Slide 6: Market outlook 2024
Market outlook 2024 ▪ Supply volumes from Russia and Belarus to again increase in 2024 reaching the pre- war levels of 2021 ▪ Increase of potash demand expected as well ▪ No oversupply expected ▪ Demand for Industry+ should develop positively overall 6
Slide 7: Outlook 2024 – K+S confirms FCF and midpoint of EBITDA guidance
Outlook 2024 – K+S confirms FCF and midpoint of EBITDA guidance and narrows EBITDA range ▪ EBITDA now expected between €530 and €620 million. EBITDA Mid-point of the previously forecast EBITDA range of €500 to €650 million confirmed; range narrowed. ▪ Agriculture sales volumes expected to range betw
Slide 8: Housekeeping items / Financial calendar
Housekeeping items / Financial calendar Additional information on 2024 FY outlook – continuing operations ▪ Tax rate: 30% ▪ CapEx: €550m (2023: €525m) ▪ Cash interest: less than €-15m (2023: €-15m) ▪ D&A: ~ €490m (2023: €456m) Financial calendar Commerzbank and ODDO BHF Corporate Conference – CEO Se
Slide 9: Investor Relations Contacts
Investor Relations Contacts Nathalie Frost Julia Bock, CFA Esther Beuermann Senior Investor Relations Manager Head of Investor Relations Senior Investor Relations Manager, ESG Expert Phone: + 49 561 / 9301-1403 Phone: + 49 561 / 9301-1009 Phone: + 49 561 / 9301-1679 Fax: + 49 561 / 9301-2425 Fax: +
K+S Aktiengesellschaft — Q2 2024 Earnings Presentation on 6ix