Air Liquide SA · EURONEXT:AI
Air Liquide SA — Q1 2003 Earnings Presentation
11 slides from Air Liquide SA's earnings presentation, Apr 29, 2003
Slide 1: Consolidated Sales 1st Quarter 2003
Consolidated Sales 1st Quarter 2003 April 29, 2003 Sales 1st Quarter 2003 – April 29, 2003
Slide 2: Consolidated Sales as of March 31, 2003
1st Quarter 2003 Consolidated Sales as of March 31, 2003 " Benoît Potier: Chairman of the Management Board " Jean-Claude Buono: Executive Vice-President Member of the Management Board Agenda: ! Consolidated sales as of March 31, 2003 (key figures) ! Gas and Services analysis by business line ! Concl
Slide 3: March 31, 2003 (key figures)
March 31, 2003 (key figures) Q1/02 Q1/03 Total Sales (M€): 1,939 2,111 Growth as reported +8.8% !Currency effect: -8.0% !Natural gas effect: +5.7% !Perimeter effect: +6.2% On a comparable basis +4.9% !Perimeter (excl. JAG* impact): +1.2% Global growth from operations +6.1% (excl. currency, natural g
Slide 4: Sales Gas and Services 1st Quarter 2003
Sales Gas and Services 1st Quarter 2003 # All business lines, services and geographic zones are growing, with a different pace for each market By business line By geographic zone (comparable (comparable Q1 2003 (M€) basis) Q1 2003 (M€) basis) !Large Industries: 540 +7.0% !France: 397 +6.3% !Europe (
Slide 5: Japan Air Gases (JAG)
Japan Air Gases (JAG) ! Joint venture Air Liquide (55%), BOC (45%) fully consolidated as of January 1, 2003 Sales by business line Large Industries 8% Electronics 32% Industrial Customers 55% Healthcare 5% Total Gas & Services 100% (221 M€) ! Perimeter impact in Q1: +5% (≈ 100 M€) ! Structure now in
Slide 6: Large Industries Sales
Large Industries Sales (on a comparable basis) ! Q1: M€ 540 (+7.0%) ! Higher O2 volumes: % change • Chemicals and steel markets in all geographic zones comparable as basis reported ! Strong demand for H2/CO • Asia, Europe, USA +1.5% +38% • Ramp-up of large contracts ^ +7.7% +39% ! Slight increase in
Slide 7: Electronics Sales
Electronics Sales (on a comparable basis) Gases and services sales, rebased to 100 (excl. forex, equipment and JAG impact) ! Q1: M€ 203 (+15.9%) 100 105 150 90 ! Gases and services 130 • High level of sales maintained 110 ! Carrier gases 90 • Continued steady growth 70 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 ! E
Slide 8: Industrial Customers Sales
Industrial Customers Sales (on a comparable basis) ! Q1: M€ 830 (+1.2%) Q1 2003 !Several market drivers, France +0.8% growing around +5% Europe • Glass, secondary electronics, +3.3% (excl. France) food, laboratories, pharmacy Americas -0.7% !Good performance in liquid volumes Asia- Pacific +0.7% !St
Slide 9: Healthcare Sales
Healthcare Sales (on a comparable basis) ! Q1: M€ 290 (+3.8%) ! Good performance in homecare • In France, Italy, Canada Trends over 2 years, rebased to 100 • Action plans in the USA 123 116 ! Hospital gases 108 100 • Sustained performance in Europe 74 • Development of therapeutic Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 10: Services
Services (excl. forex and natural gas) ! Q1: M€ 360 (+6.3%) (19.3% of Gas and Services sales) ! Services contributed excl. forex, to all business lines natural gas ! Good growth in healthcare !Healthcare services: +5.7% and industrial services !Industrial*: +11.3% ! Continued targeted acquisitions S
Slide 11: Conclusion
Conclusion ! Continued momentum from Q4 2002 ! Growth in all businesses and geographic zones ! Strong Engineering activity ! Good performance of identified growth drivers ! The objective in 2003 remains to improve our activities and earnings Sales 1st Quarter 2003 - April 29, 2003 11