Nkt A/s · OMXCOP:NKT

Nkt A/s — Shareholder Meeting (March 2013)

52 slides from Nkt A/s's shareholder meeting presentation, Mar 21, 2013

  1. Slide 1: NKT Annual General Meeting 21 March 2013

    NKT I Annual General Meeting 2013 21 March 2013 I 1 NKT ANNUAL GENERAL MEETING 21 March 2013

  2. Slide 2: Significant reduction in debt

    NKT I Annual General Meeting 2013 21 March 2013 I 2 Significant reduction in debt Net interest bearing debt 5.000 4.500 4.000 3.500 3.000 2.500 mDKK 2.000 1.500 1.000 500 0 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12

  3. Slide 3: Capital structure target achieved

    NKT I Annual General Meeting 2013 21 March 2013 I 3 Capital structure target achieved • Net interest bearing debt in relation to operational EBITDA: 1.8x (around 2.5x) • Solvency ratio: 44% (min. 30%) • Equity gearing: 33% (max. 100%)

  4. Slide 4: Capital structure target achieved

    NKT I Annual General Meeting 2013 21 March 2013 I 4 Capital structure target achieved • Net interest bearing debt in relation to operational EBITDA: 1.8x (around 2.5x) • Solvency ratio: 44% (min. 30%) • Equity gearing: 33% (max. 100%)

  5. Slide 5: Capital structure target achieved

    NKT I Annual General Meeting 2013 21 March 2013 I 5 Capital structure target achieved • Net interest bearing debt in relation to operational EBITDA: 1.8x (around 2.5x) • Solvency ratio: 44% (min. 30%) • Equity gearing: 33% (max. 100%)

  6. Slide 6: Strong Q4 boosted earnings

    NKT I Annual General Meeting 2013 21 March 2013 I 6 Strong Q4 boosted earnings Operational EBITDA (LTM) End 2011 End 2012 1.200 878 mDKK 1.039 mDKK Earnings in 2012 increased 18% on 2011 900 mDKK 600 300 1.039 930 811 751 799 907 915 952 895 869 808 775 878 914 955 980 0 Q1-09 Q2-09 Q3-09 Q4-09 Q1-1

  7. Slide 7: Group revenue 2012

    NKT I Annual General Meeting 2013 21 March 2013 I 7 Group revenue 2012 Amounts in mDKK 2012 2011 Change Group earnings 15,253 15,604 -2%

  8. Slide 8: Expectations 2013

    NKT I Annual General Meeting 2013 21 March 2013 I 8 Expectations 2013 • Given flat market development for the Group’s main markets compared with 2012, revenue in standard metal prices and operational EBITDA for 2013 are expected to be on a par with 2012. • Cash flow from investments (excl. acquisiti

  9. Slide 9: Powered by NKT 2011-2015

    NKT I Annual General Meeting 2013 21 March 2013 I 9 Powered by NKT 2011-2015

  10. Slide 10: NKT's Board of Directors in China 2012

    NKT I Annual General Meeting 2013 21 March 2013 I 10 NKT’s Board of Directors in China 2012

  11. Slide 11: NKT's Chairman of the Board and the Mayor of Changzhou

    NKT I Annual General Meeting 2013 21 March 2013 I 11 NKT’s Chairman of the Board and the Mayor of Changzhou

  12. Slide 12: Business units: Revenue development

    NKT I Annual General Meeting 2013 21 March 2013 I 12 Business units: Revenue development Photonics Group 237 mDKK 2% Nilfisk-Advance NKT Cables 42% 56% 6,491 mDKK 8,526 mDKK

  13. Slide 13: NKT Cables' Vision

    NKT I Annual General Meeting 2013 21 March 2013 I 13 NKT Cables’ Vision ‘NKT Cables is creating value for its customers by providing solutions with cables’

  14. Slide 14: Tianjin Station

    NKT I Annual General Meeting 2013 21 March 2013 I 14 Tianjin Station

  15. Slide 15: Laying of submarine cable near Anholt, DK

    NKT I Annual General Meeting 2013 21 March 2013 I 15 Laying of submarine cable near Anholt, DK

  16. Slide 16: Installation of turntable at Rotterdam terminal

    NKT I Annual General Meeting 2013 21 March 2013 I 16 Installation of turntable at the storage and transhipment terminal in Rotterdam, NL

  17. Slide 17: NKT Cables

    NKT I Annual General Meeting 2013 21 March 2013 I 17 NKT Cables Amounts in mDKK 2012 2011 Change Revenue 8,526 9,088 -562 EBITDA 290 182 108 EBITDA margin, std. metal prices 5.3% 3.2%

  18. Slide 18: Nilfisk-Advance's Mission

    NKT I Annual General Meeting 2013 21 March 2013 I 18 • slide 31 investorpræsentationen Nilfisk-Advance’s Mission ‘We enable sustainable cleaning worldwide to improve quality of life’

  19. Slide 19: Nilfisk-Advance

    NKT I Annual General Meeting 2013 21 March 2013 I 19 Nilfisk-Advance Sales units in EMEA 44 countries • Austria Americas • Belgium APAC • Argentina • Czech Republic • Australia Dealers in • Brazil • China • Canada • Denmark • Finland • Hong Kong 70 + countries • Chile • France • India • US • Germany

  20. Slide 20: Snow remover from Nilfisk-Egholm

    NKT I Annual General Meeting 2013 21 March 2013 I 20 Snow remover from Nilfisk-Egholm

  21. Slide 21: CS 7000 Combi from Nilfisk-Advance

    NKT I Annual General Meeting 2013 21 March 2013 I 21 CS 7000 Combi from Nilfisk-Advance - also available with fuel cells

  22. Slide 22: Nilfisk-Advance

    NKT I Annual General Meeting 2013 21 March 2013 I 22 Nilfisk-Advance Amounts in mDKK 2012 2011 Change Revenue 6,491 6,307 184 Operational EBITDA 775 732 43 Operational EBITDA margin 11.9% 11.6%

  23. Slide 23: Photonics Group produces crystal fibers, fiber lasers, sensors

    NKT I Annual General Meeting 2013 21 March 2013 I 23 Photonics Group produces crystal fibers, fiber lasers, sensor systems and fiber processing equipment

  24. Slide 24: Koheras Nautilus multi-lasersystem

    NKT I Annual General Meeting 2013 21 March 2013 I 24 Koheras Nautilus multi-lasersystem

  25. Slide 25: Photonics Group

    NKT I Annual General Meeting 2013 21 March 2013 I 25 Photonics Group Amounts in mDKK 2012 2011 Change Revenue 237 210 24 EBITDA 9 1 8 EBITDA margin 3.8% 0.5%

  26. Slide 26: Distribution of employees

    NKT I Annual General Meeting 2013 21 March 2013 I 26 Distribution of employees 13% in Denmark 87% outside Denmark 8,816 employees at end-2012

  27. Slide 27: 21 March 2013 I 27

    NKT I Annual General Meeting 2013 21 March 2013 I 27

  28. Slide 28: Ordinary dividend

    NKT I Annual General Meeting 2013 21 March 2013 I 28 Ordinary dividend Year of payment 2013 2012 Ordinary dividend per share, DKK 8 2 Total payment, mDKK 191 48 Dividend will be paid four bank days after the AGM

  29. Slide 29: Rising market value

    NKT I Annual General Meeting 2013 21 March 2013 I 29 Rising marketvalue 6 5 4,9 5,5 4 4,5 bnDKK bnDKK bn DKK bnDKK 3 2 1 0 2011 2012 15 March 2013

  30. Slide 30: Shareholders as at 31 December 2012

    NKT I Annual General Meeting 2013 21 March 2013 I 30 Shareholders as at 31December 2012 35% outside Denmark 65% in Denmark Share capital at end-2012: 478 mDKK

  31. Slide 31: Board of Directors' remuneration

    NKT I Annual General Meeting 2013 21 March 2013 I 31 Board of Directors’ remuneration Amounts in ’000 DKK 2013 2012 Chairman 900 900 Deputy Chairman 450 450 Other directors, each 300 300 Audit Committee Chairman 200 200 Member 100 100 Nomination Committee Chairman and member 0 0 Remuneration Committ

  32. Slide 32: Christian Kjær

    NKT I Annual General Meeting 2013 21 March 2013 I 32 Christian Kjær

  33. Slide 33: NKT – an active owner

    NKT I Annual General Meeting 2013 21 March 2013 I 33 NKT – an active owner

  34. Slide 34: Source: Jyllands-Posten February 2013

    NKT I Annual General Meeting 2013 21 March 2013 I 34 Source: Jyllands-Posten 28 February 2013

  35. Slide 35: NKT's headoffice

    NKT I Annual General Meeting 2013 21 March 2013 I 35 NKT’s headoffice

  36. Slide 36: Nilfisk-Advance, China

    NKT I Annual General Meeting 2013 21 March 2013 I 36 Nilfisk-Advance, China

  37. Slide 37: NKT Annual General Meeting 21 March 2013

    NKT I Annual General Meeting 2013 21 March 2013 I 37 NKT ANNUAL GENERAL MEETING 21 March 2013

  38. Slide 38: Candidates for the Board of Directors 2013

    NKT I Annual General Meeting 2013 21 March 2013 I 38 Candidates for the Board of Directors 2013

  39. Slide 39: Kristian Siem

    NKT I Annual General Meeting 2013 21 March 2013 I 39 Kristian Siem Born 1949, Knight 1st class of the Order of St. Olav, Norwegian citizen, resident in Switzerland. Founder of Siem Industries, Chairman and CEO 1982-. MA (Econ.) 1972.

  40. Slide 40: Lars Sandahl Sørensen

    NKT I Annual General Meeting 2013 21 March 2013 I 40 Lars Sandahl Sørensen Born 1963. Partner, Flensby & Partners A/S and Senior Consultant and Partner with PE investors and Capital Funds. Economics and Management studies at universities in Japan and the US 1985, 1987 and 2000.

  41. Slide 41: Annual Report 2012

    NKT I Annual General Meeting 2013 21 March 2013 I 41 Annual Report 2012

  42. Slide 42: NKT Group

    NKT I Annual General Meeting 2013 21 March 2013 I 42 NKT Group Amounts in mDKK 2012 2011 Change %-change Revenue 15,253 15,604 -351 -2% Operational EBITDA 1,039 878 161 18%

  43. Slide 43: NKT Group

    NKT I Annual General Meeting 2013 21 March 2013 I 43 NKT Group Amounts in mDKK 2012 2011 Change Revenue 15,253 15,604 -351 Operational EBITDA 1,039 878 161 One-off costs -30 -33 3 EBITDA 1,009 845 164 Depreciation, amortisation and impairment -536 -559 23 EBIT 473 286 187

  44. Slide 44: NKT Group

    NKT I Annual General Meeting 2013 21 March 2013 I 44 NKT Group Amounts in mDKK 2012 2011 Change Revenue 15,253 15,604 -351 Operational EBITDA 1,039 878 161 One-off costs -30 -33 3 EBITDA 1,009 845 164 Depreciation, amortisation and impairment -536 -559 23 EBIT 473 286 187 Financial items -196 -280 8

  45. Slide 45: NKT Group

    NKT I Annual General Meeting 2013 21 March 2013 I 45 NKT Group Amounts in mDKK 2012 2011 Change Revenue 15,253 15,604 -351 Operational EBITDA 1,039 878 161 One-off costs -30 -33 3 EBITDA 1,009 845 164 Depreciation, amortisation and impairment -536 -559 23 EBIT 473 286 187 Financial items -196 -280 8

  46. Slide 46: NKT Group

    NKT I Annual General Meeting 2013 21 March 2013 I 46 NKT Group Amounts in mDKK 2012 2011 Change Revenue 15,253 15,604 -351 Operational EBITDA 1,039 878 161 One-off costs -30 -33 3 EBITDA 1,009 845 164 Depreciation, amortisation and impairment -536 -559 23 EBIT 473 286 187 Financial items -196 -280 8

  47. Slide 47: Equity development

    NKT I Annual General Meeting 2013 21 March 2013 I 47 Equity development Equity Equity 5.800 30% 1,605 44% 5.400 5,7 bnDKK 5.000 mDKK 4.600 114 4.200 -48 3.800 4,1 bnDKK 3.400 3.000 31.12.12 Equity 31.12.11 Currency FX etc. Dividend Dividend paid Profit Profit foryear for the the 31.12.12 Equity 31.1

  48. Slide 48: Working capital

    NKT I Annual General Meeting 2013 21 March 2013 I 48 Working capital 2011 2012 2,7bnDKK 2,4 bnDKK 3.500 3.000 2.500 2.000 mDKK 1.500 1.000 500 0 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q3-12 Q4-12

  49. Slide 49: Cash flow statement

    NKT I Annual General Meeting 2013 21 March 2013 I 49 Cash flow statement Amounts in mDKK 2012 2011 Change Cash flow from operations 1,122 573 549 Cash flow from investments -532 -798 266 Free cash flow 590 -225 815

  50. Slide 50: Annual Report 2012

    NKT I Annual General Meeting 2013 21 March 2013 I 50 Annual Report 2012

  51. Slide 51: NKT's Board of Directors 2012

    NKT I Annual General Meeting 2013 21 March 2013 I 51 NKT’s Board of Directors 2012

  52. Slide 52: NKT Annual General Meeting 21 March 2013

    NKT I Annual General Meeting 2013 21 March 2013 I 52 NKT ANNUAL GENERAL MEETING 21 March 2013

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