Aperam S.a. · EURONEXT:APAM
Aperam — Q3 2012 Earnings Presentation
15 slides from Aperam's earnings presentation, Oct 30, 2012
Slide 1: Third quarter 2012
Third quarter 2012 October 30, 2012 © Aperam 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about Aperam and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with re
Slide 3: Introduction & overview
Introduction & overview Highlights: • Health and Safety frequency rate of 1.3x in Q3 2012 compared to 1.0x in Q2 2012 • Shipments of 410 thousand tonnes in Q3 2012, a 5% decrease compared to shipments of 433 thousand tonnes in Q2 2012 • EBITDA of USD 42 million in Q3 2012 compared to EBITDA of USD 6
Slide 4: Health & Safety
Third quarter 2012 Health & Safety
Slide 5: Health & Safety Performance
Health & Safety Performance Frequency rate* 4 3 2 1 0 11 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 12 12 12 3Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 1Q 2Q 4Q Profit improvement in Q1 dueHealth to market and internal & Safety initiatives frequency but Q2 rate of 1.3x
Slide 6: Environment and markets
Third quarter 2012 Environment and markets
Slide 7: Stainless steel prices
Environment and markets Stainless steel prices China - CR 304 2B 2mm coil transaction price (USD/t)* Southern Europe - CR 304 2B 2mm coil base price (€/t)* 5,000 1,250 4,500 1,200 1,150 4,000 1,100 3,500 1,050 1,000 3,000 950 2,500 900 2,000 850 Se 08 J u 08 J u 09 Se 09 J u 10 Se 10 J u 11 Se 11 J
Slide 8: Performance and prospects
Third quarter 2012 Performance and prospects
Slide 9: Third quarter operating performance
Performance and prospects Third quarter operating performance Shipments (‘000t) Q3 2012 EBITDA per division (USD million) 429 429 433 433 410 39 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 16 16 EBITDA (USD million) 14 62 64 65 9 53 Europe 6 Europe (12) 42 5 Brazil 33 Brazil 26 Q2 2012 Q3 2012 Q2 2012 Q
Slide 10: Leadership Journey
Performance and prospects Leadership Journey® Cumulated gains and 2013 target (USD million) Key projects completed since beginning of 2011 • In Brazil, VSS*, switch from LPG to natural gas and conversion of blast furnace number 2 from coke to biomass 350 • In Europe, suspension of traditional cold r
Slide 11: Financial results
Third quarter 2012 Financial results
Slide 12: Third quarter P&L highlights
Financial results Third quarter P&L highlights EBITDA to net income (USD million) +42 (71) (17) (29) (33) +16 (12) +8 EBITDA Depreciation Operating Net interest & Unrealized FX Pre-tax Income Net loss loss financing & derivatives result tax benefit costs* losses Profit improvement in Earnings Q1 due
Slide 13: Third quarter cash flow highlights
Financial results Third quarter cash flow highlights Free cash flow (USD million) +42 (96) (50) (91) +4 (41) EBITDA Working capital Net financial Cash-flow from CAPEX Free cash-flow charges, taxes operations before dividends & others Profit USD improvement 91 million ofincash Q1 due to market outflo
Slide 14: Third quarter balance sheet highlights
Financial results Third quarter balance sheet highlights Assets & liabilities (USD million) Equity & net debt (USD million) 831 1,567 4,167 3,580 3,443 3,545 3,218 3,176 3,954 3,218 1,107 1,038 878 857 882 987 Assets Liabilities 6/30/2011 9/30/2011 12/31/2011 3/31/2012 6/30/2012 9/30/2012 Non-curren
Slide 15: Q&A
Third quarter 2012 Q&A