Aperam S.a. · EURONEXT:APAM
Aperam — FY2013 Earnings Presentation
15 slides from Aperam's earnings presentation, Feb 6, 2014
Slide 1: Full year and fourth quarter 2013
Full year and fourth quarter 2013 February 6, 2014 © 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 2013 compared to 1.3x in 2012 • Shipments of 1,728 thousand tonnes in full year 2013, a 3% increase compared to shipments of 1,683 thousand tonnes in full year 2012 • EBITDA of USD 292 million in full year 2013, compar
Slide 4: Health & Safety
Full year and fourth quarter 2013 Health & Safety 4
Slide 5: Health & Safety Performance
Health & Safety Performance Lost Time Injury Frequency rate* 4.0 3.0 2.0 1.0 0 11 12 12 12 12 13 13 13 13 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Profit improvement in Q1 dueHealth to market and inte
Slide 6: Environment and markets
Full year and fourth quarter 2013 Environment and markets 6
Slide 7: Stainless steel prices
D ec 2,000 2,500 3,000 3,500 4,000 4,500 5,000 M 07 ar Ju 08 *Source: SBB/Platts Se n 0 p 8 D 08 ec M 08 ar Ju 09 n Se 09 p D 09 ec M 09 ar Ju 10 n Se 10 p D 10 ec M 10 Stainless steel prices ar Ju 11 Se n 1 p 1 D 11 ec M 11 ar Environment and markets Ju 12 Se n 1 p 2 D 12 ec M 12 China - CR 304 2B
Slide 8: Performance and prospects
Full year and fourth quarter 2013 Performance and prospects 8
Slide 9: Fourth quarter operating performance
Performance and prospects Fourth quarter operating performance Shipments (‘000t) Q4 2013 EBITDA per division (USD million) [1] 450 441 436 407 401 58 36 Brazil 37 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Europe 21 Brazil 34 16 17 EBITDA (USD million) [1] Europe 2 84 81 5 65 62 1 43 Q3 2013 Q4 2013 Q3
Slide 10: Leadership Journey
Performance and prospects Leadership Journey® Cumulated gains (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. • In Europe, 500 - Suspension of traditional cold roll mill in I
Slide 11: Financial results
Full year and fourth quarter 2013 Financial results 11
Slide 12: Fourth quarter P&L highlights
Financial results Fourth quarter P&L highlights EBITDA to net income (USD million) 84 (81) 3 (33) (33) (3) (42) (9) EBITDA Depreciation Operating Net interest & Forex Pre-tax Tax & Net loss & impairment income financing & derivatives loss Non-controlling costs losses interests Profit improvement in
Slide 13: Fourth quarter cash flow highlights
Financial results Fourth quarter cash flow highlights Free cash flow (USD million) (51) 110 (30) 143 113 84 EBITDA Working Financial Cash-flow CAPEX Free Capital & charges, tax from Cash-flow TSR change & other operations Profit improvement in Q1 due USDto143 market andofinternal million initiatives
Slide 14: Fourth quarter balance sheet highlights
Financial results Fourth quarter balance sheet highlights Assets & liabilities (USD million) Equity & net debt (USD million) [1] 563 1 314 3 162 3 078 2 935 3 017 2 958 3 709 2 958 816 842 841 808 690 Assets Liabilities 31/12/12 31/03/13 30/06/13 30/09/13 31/12/13 Non-current assets Shareholders’ eq
Slide 15: Q&A
Full year and fourth quarter 2013 Q&A 15