Aperam S.a. · EURONEXT:APAM
Aperam — Shareholder Meeting (July 2011)
21 slides from Aperam's shareholder meeting presentation, Jul 12, 2011
Slide 1: Group presentation and presentation of the statutory accounts for 1 to 25 January 2011
Group presentation and presentation of the statutory accounts for the financial period from 1 to 25 January 2011 General Meeting 12 July 2011 © 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
Slide 3: Agenda
Agenda • Health & Safety • Business overview • Unique strengths • The Leadership Journey • Performance • Statutory accounts for the period 1 to 25 January 2011 © Aperam 3
Slide 4: Health & Safety
General Meeting 12 July 2011 Health & Safety © Aperam 4
Slide 5: Health & Safety Performance
Health & Safety Performance Key initiatives: Frequency rate* – A successful first Health and Safety Day on 28 April 2011 – FTS4Good membership – Framework for community- oriented actions – Action plan launched to train all leaders in FPS (Fatality Prevention Standard) and HIRA (Hazard Identification
Slide 6: Business overview
General Meeting 12 July 2011 Business overview © Aperam 6
Slide 7: Production facilities
Business overview Production facilities Châtelet Genk Gueugnon Isbergues Timóteo Imphy Location & facts Location & facts Location & facts Location & facts Location & facts Location & facts - Melt shop and hot-rolling - Melt shop and rolling - Cold-rolling mill - Cold-rolling mill - Melt shop and - M
Slide 8: Segments
Business overview Segments Stainless & Electrical Steel Services & Solutions Alloys & Specialties Revenue FY2010 ( USDm)(a) 4,431 Revenue FY2010 ( USDm)(a) 2,327 Revenue FY2010 ( USDm)(a) 529 % of Group Revenue(a) 61% % of Group Revenue(a) 32% % of Group Revenue(a) 7% EBITDA FY2010 ( USDm)(a) 289 EB
Slide 9: Unique strengths
General Meeting 12 July 2011 Unique strengths © Aperam 9
Slide 10: What makes Aperam unique
Unique strengths What makes Aperam unique – Long-term growth trends in mature markets supported by emerging market demand • Emerging markets representing approximately 30% of Aperam total sales – Global, integrated distribution network and proximity to customer • Services & Solutions division provid
Slide 11: The Leadership Journey
General Meeting 12 July 2011 The Leadership Journey © Aperam 11
Slide 12: Market challenges
Leadership Journey Market challenges Stainless steel worldwide excess slab capacity* (mt) Stainless steel slab global utilization rates* Despite increased demand, structural overcapacity and pricing remains a challenge Source: CRU © Aperam 12
Slide 13: To confront challenges and seize opportunities
Leadership Journey To confront challenges and seize opportunities • Forest expansion and biomass development Variable cost – Biomass (charcoal) production doubling to permit full upstream integration in Brazil – Connection to natural gas in Brazil, yield and quality plans USD100m • Reconfiguring Eur
Slide 14: Performance
General Meeting 12 July 2011 Performance © Aperam 14
Slide 15: Quarterly highlights
Performance Quarterly highlights EBITDA (USD million) Equity and net debt (USD million) At the end of Q1 2011 net debt of USD 864 million representing a gearing of 22% © Aperam 15
Slide 16: Statutory accounts for the financial period ending January 2011
General Meeting 12 July 2011 Statutory accounts for the financial period ending 25 January 2011 © Aperam 16
Slide 17: Balance sheet – Assets
Statutory accounts Aperam S.A. * Balance sheet – Assets 25 January 2011 (in thousands of USD) Key comments on Assets : – Changes mainly explained by transfer of assets as a result of the spin-off of ArcelorMittal stainless steel business on January 25, 2011 into Aperam S.A. • Increase in shares corr
Slide 18: Balance sheet – Liabilities
Statutory accounts Aperam S.A. * Balance sheet – Liabilities 25 January 2011 (in thousands of USD) Key comments on Liabilities : – Increase of capital and reserves approved by the Extraordinary General meeting held on January 25, 2011 – Newly issued shares paid up to ArcelorMittal S.A. shareholders
Slide 19: Profit and loss account for the period 1 to 25 January 2011
Statutory accounts Aperam S.A. * Profit and loss account for the period 1 to 25 January 2011 (in thousands of USD) Key comments on P&L : – Loss for the period mainly explained by : • fees (USD 0.298 million) • and foreign exchanges losses (USD 0.119 million) © Aperam 19 * Note : Luxembourg GAAP
Slide 20: Allocation of Results for the period 1 to 25 January 2011
Statutory accounts Aperam S.A. * Allocation of Results for the period 1 to 25 January 2011 (in USD) Loss for the financial period from 1 January to 25 January 2011 (442,434) Profit brought forward (Report à nouveau) 2,055,163,917 Results to be allocated and distributed 2,054,721,483 Release of reser
Slide 21: Question and Answer Session
General Meeting 12 July 2011 Question and Answer Session © Aperam 21