K+S Aktiengesellschaft — Non-Deal Roadshow (July 2023)
15 slides from K+S Aktiengesellschaft's roadshow presentation, Jul 11, 2023
Slide 1: Société Générale Roadshow Paris
July 11th, 2023 K+S Aktiengesellschaft Société Générale Roadshow Paris Dr. Christian H. Meyer Julia Bock, CFA CFO Head of IR
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: Good start into 2023 after record 2022…
Good start into 2023 after record 2022… Revenues in €m EBITDA in €m Free cash flow adj in €m 1.212 524 1.192 113 454 103 733 126 -15 Q1/2021 Q1/2022 Q1/2023 Q1/2021 Q1/2022 Q1/2023 Q1/2021 Q1/2022 Q1/2023 2
Slide 4: Q1/23 EBITDA decreased YoY
Q1/23 EBITDA decreased YoY Highlights Financials ▪ Q1/23 EBITDA at €454m (Q1/22: €524m) € million Q1/2022 Q1/2023 % ▪ Moderately lower average selling prices and slight declines in sales Revenues 1,212 1,192 -2 volumes due to delayed deliveries in view of continued tight logistics and a persistent w
Slide 5: ASP development in Agriculture customer segment
ASP development in Agriculture customer segment 2021 Q1/22 Q2/22 Q3/22 Q4/22 2022 Q1/23 Revenues € million 2,272.1 944.1 1,244.2 1,162.8 1,114.6 4,465.6 861.4 Europe € million 950.9 349.9 543.0 372.0 406.8 1,671.6 340.1 Overseas USD million 1,562.5 666.5 746.5 796.3 722.3 2,931.6 559.3 Potassium chl
Slide 6: Outlook
Outlook 5
Slide 7: Continued positive environment
Continued positive environment Farmer profitability at historically high level Price development of agricultural commodities since 01/2020 US corn farmer profitability in USD/acre since 01/1996 220 Corn 200 Soybeans 180 160 140 120 100 80 December December 2019 2019 = = 100 100 60 01 04 07 10 01/21
Slide 8: World potash production and sales volumes by region
World potash production and sales volumes by region in million tonnes ▪ Even before limitation of Russian 28 exports and sanctions against Belarus, the potash market was fully used at 25 capacity limit. 33 6 ▪ Russia’s Uralkali and Belarus each 12 7 7 account for approx. 16% of global 16 potash prod
Slide 9: Forecast: Scenario analysis for impact of China contract
Forecast: Scenario analysis for impact of China contract – acc. to ad hoc disclosure of June 14, 2023 ▪ In case that the Chinese potassium chloride price The following aspects point to a potash price radiates accordingly into the other markets and there is recovery in the second half of the year: no
Slide 10: Planned use of additional liquidity
Planned use of additional liquidity ▪ Participation of shareholders for the 2022 financial year → €1.00 dividend per share (paid on May 15th,2023) and → additional share buyback of up to €200m (about €1.00 per share) which started on May 16th,2023 ▪ Investment in optimizing our existing business (Be
Slide 11: Shareholder’s participation in the Company’s success
Shareholder’s participation in the Company’s success Combination of dividend payment and share buyback in € million in €/share Total distribution 400 2,00 Dividend €191.4 million 300 Share Share buyback up to €200.0 million* 1,50 buyback ► up to €391.4 million, respectively about €2 per share 200 1,
Slide 12: Share buyback 2023
Share buyback 2023 In addition to the dividend payment in the amount of €1 per share, the Supervisory Board and the Board of Executive Directors resolved a share buyback program in a volume of up to €200 million to return capital to the shareholders for the 2022 financial year. This combination shal
Slide 13: S&P recognizes our high creditworthiness
S&P recognizes our high creditworthiness ▪ The rating agency Standard & Poor's (S&P) upgraded the long-term rating of K+S to BBB- (previously: BB+). ▪ K+S is, therefore, now rated in the investment grade range again. ▪ The rating outlook is stable. ▪ S&P justifies the improvement with significant de
Slide 14: Housekeeping items / Financial calendar
Housekeeping items / Financial calendar Additional information on 2023 FY outlook – continuing operations ▪ Tax rate: 30% ▪ CapEx: mid triple-digit million (2022: €404m) ▪ Cash interest: ~ €-20m (2022: €-53m) ▪ D&A: ~ €450m Financial calendar Half-Year Financial Report; June 30, 2023 August 10, 2023
Slide 15: Investor Relations Contacts
Investor Relations Contacts Nathalie Frost Julia Bock, CFA Esther Beuermann Senior Investor Relations Manager Head of Investor Relations Investor Relations Manager Phone: + 49 561 / 9301-1403 Phone: + 49 561 / 9301-1009 Phone: + 49 561 / 9301-1679 Fax: + 49 561 / 9301-2425 Fax: + 49 561 / 9301-2425
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