Boliden AB · OMXSTO:BOL
Boliden AB — Investor Day (September 2009)
10 slides from Boliden AB's investor day presentation, Sep 2, 2009
Slide 1: Capital Markets Day: Smelters Update
Capital Markets Day 2 September 2009 Bildplatshållare Smelters Update Svante Nilsson President BA Smelters 2009-09-02 Content • Planned actions implemented • Development of revenue drivers • Summing up of situation for our main metals • Strategic priorities • Production outlook Boliden AB 2 2009-09-
Slide 2: Boliden's Smelter Units / Planned actions implemented in H1
Boliden’s Smelter Units Smelter production 2008: Cu: 350 000 tonnes Zn: 440 000 tonnes Pb: 60 000 tonnes Rönnskär (Sweden) Copper smelter Odda (Norge) Zinc smelter Kokkola (Finland) Zinc smelter Bergsöe (Sweden) Harjavalta/Pori Lead smelter (Finland) Copper smelter Boliden AB 3 2009-09-02 Planned ac
Slide 3: Revenue drivers / Copper: TC/RC
Revenue drivers Copper Net Sales (MSEK) Zinc Net Sales (MSEK) Others Others Sulphur NORALF Sulphur TC/RC Free metal TC/RC Ni Tolling Premium Free metal Premium Boliden AB 5 2009-09-02 Copper: TC/RC Copper Net Sales (MSEK) USD/t of Copper treatment charge concentrate 120 Others 100 80 Benchmark 2009
Slide 4: Copper: Premiums
Copper: Premiums Copper Net Sales (MSEK) USD per tonne of metal Copper metal price premium 200 Others 160 Sulphur TC/RC 120 80 40 0 Ni Tolling 2005 2006 2007 2008 2009 Premium Spot Copper premium CIF W. Europe Benchmark CIF Europe Source: CRU, Brook Hunt Free metal Market: Boliden: • Low stocks in t
Slide 5: Copper: Free metals / Ni-tolling
Copper: Free metals Copper Net Sales (MSEK) Others Sulphur TC/RC Ni Tolling Premium Free metal • Gold • Copper Jan 2008 Aug 2009 • Zinc • Lead • Silver • Etc. • PGMs Boliden AB 9 2009-09-02 Copper: Ni-tolling Copper Net Sales (MSEK) Others Daily Nickel USD 3M Sulphur TC/RC Ni Tolling Premium Free me
Slide 6: Copper: Sulphur products / Copper summary
Copper: Sulphur products Copper Net Sales (MSEK) Sulphuric acid, contract CFR NW Europe 1988- Source: Fertilizer Market Bulletin Others €/t 200 180 Sulphur TC/RC 160 140 Low 120 100 High 80 60 40 20 0 8 9 0 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 Ni Tolling 8 9 8 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9
Slide 7: Zinc: TC / Premiums
Zinc: TC USD/ t of Zinc Net Sales (MSEK) concentrate Zinc treatment charge (TC) 600 Sulphur Others 500 NORALF Realized in Q3 based on 400 quarter to date zinc price 300 Free metal TC/RC 200 100 0 2006 2007 2008 2009 Realized TC (including price participation) Spot TC - Asia Premium Source: Brook Hun
Slide 8: Zinc sales / Zinc: Free metals
Zinc sales 60 000 50 000 40 000 R12 Total sales tonnes 30 000 20 000 10 000 0 Jan 2007 Jun 2009 Boliden AB 15 2009-09-02 Zinc: Free metals Zinc Net Sales (MSEK) 5000 900000 4500 800000 Sulphur Others 4000 700000 NORALF 3500 600000 Stocks tonnes 3000 500000 USD/t 2500 400000 2000 Free metal TC/RC 300
Slide 9: Zinc: Aluminum fluoride / Zinc summary
Zinc: Aluminum fluoride Zinc Net Sales (MSEK) Primary Aluminium Production Western Europe 450 Sulphur Others NORALF 400 Bild på prod här 350 kt/month Minus ~19% July 08 to Free metal TC/RC July 09 300 250 Premium 200 5 m 5 5 se 5 no 5 05 m 6 m 6 6 se 6 no 6 6 m 7 m 7 7 se 7 no 7 7 m 8 m 8 08 se 8 no
Slide 10: Strategic priorities
Strategic priorities • “The New Boliden Way”, our lean concept, is under implementation and will lead to further productivity improvement • Product development • Procurement project • Secondary raw-materials Boliden AB 19 2009-09-02