Bekaert SA · EURONEXT:BEKB
Bekaert SA — Investor Presentation (March 2008)
18 slides from Bekaert SA's investor presentation, March 2008
Slide 1: Bekaert
Bekaert March 2008
Slide 2: Content
Content Bekaert at a glance - Market leadership - Technological leadership - Sustainable profitability 1 March 2008
Slide 3: Bekaert in essence
Bekaert in essence 2006 2007 Combined sales € 3.2 billion € 3.4 billion consolidated €b 2.0 €b 2.2 joint ventures €b 1.2 €b 1.2 Operational cash flow € 450 million € 470 million consolidated €m 260 €m 300 joint ventures €m 190 €m 170 Worldwide production platform 30 countries 20 400 employees Listed
Slide 4: Sustainable Profitable Growth
Strategy Sustainable Profitable Growth Worldwide market and technological leadership in advanced metal transformation and in advanced materials and coatings 3 March 2008
Slide 5: Core competence advanced metal transformation
Core competence advanced metal transformation From wire rod 6.5 mm Diversified sectors Steel cords for polymer reinforcement advanced Wires for the 1 µm metal OEM market to metal fibers transformation building products 4 March 2008
Slide 6: Core competence advanced materials and coatings
Core competence advanced materials and coatings Î From traditional coatings to advanced coatings heatable textiles advanced diamond materials & like coatings coatings advanced advanced filtration materials coatings window films burners 5 March 2008
Slide 7: Segment reporting 2007
Segment reporting 2007 Combined sales € 3.4 billion advanced materials: 2% advanced coatings: € 204 million or 6% € 124 million or 4% stainless 1% specialized films: 2% fiber technologies 2% industrial coatings: 2% combustion technologies 2% wire Europe composites 1% 11% carding solutions 1% wire No
Slide 8: Reinforcing Bekaert's global presence
Reinforcing Bekaert’s global presence Europe North America from 41% to 31% from 24% to 16% 41% 31% 24% 16% 2002 2007 2002 2007 Asia from 8% to 15% 15% 8% 2002 2007 Latin America from 26% to 36% Other regions from 1% to 2% 26% 36% 1% 2% 2002 2007 2002 2007 7 March 2008
Slide 9: Market leadership enhances effectiveness
Market leadership enhances effectiveness Bekaert strives to be number one globally in its markets Dramix® (Nr. 1) Champagne cork wire (Nr. 1) m p les E xa Coated wire (Nr. 1) Flex Pipe (Nr. 1) Fibers (Nr. 1) Tire cord (Nr. 1) 8 March 2008
Slide 10: Bekaert supplies customers in different market sectors
Bekaert supplies customers in different market sectors Automotive Diversified 35% 65% construction, telecom, offshore, engineering, components chemical, energy, textile, printing, etc 9 March 2008
Slide 11: Technological leadership adds value
Technological leadership adds value Engineering Proprietary machines and process equipment R&D € 63 million in-house investments (3% of consolidated sales € 5 to 10 million investments in corporate venturing International research team in Belgium (300 employees) Specific product development in China
Slide 12: Based on a strong financial structure
Based on a strong financial structure L/T Actual 2006 guidance 2007 Growth GDP + 5.0% 8.2% ROIC > WACC > 10.3 > 8.0 11.1 > 8.3 Cash flow generation (EBITDA on sales) 15% 13% 14% EBIT 7% - 9% 7.3% 8.0% Recurring EBIT 8.1% 8.6% Working capital (on sales) 20% 22% 22% Dividend pay out 40% 36% 36% Tax 25
Slide 13: Bekaert at a glance: shareholder value creation
Bekaert at a glance : shareholder value creation Shareholder value: ROIC - WACC in % 15 10 5 0 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 -5 -10 Shareholder value WACC RoIC 12 March 2008
Slide 14: Bekaert share
Bekaert share Fact sheet 31.12.07 Number of shares : 19 831 000 Number of VVPR strips 3 894 001 Average daily traded volume 57 430 Average daily traded value 5 435 866 Dividend 4 120 3 100 3 80 2 2,50 2 60 2,00 1,88 1,68 1,75 40 1 20 0 0 2002 2003 2004 2005 2006 73 75 77 79 81 83 85 87 89 91 93 95 9
Slide 15: Total Shareholder Return
Total Shareholder Return TSR 2000 - 2007 150% 125% 100% 75% 50% 25% 0% -25% -50% 00 01 02 03 04 05 06 07 08 Capital return TSR BEL20 14 March 2008
Slide 16: Internationalized shareholder structure
Internationalized shareholder structure 2001 2007 Principal shareholder 40.1% 38.3% Institutional shareholdings 15.1% 42.1% Registered shares 0.2% 0.1% Management Stock Options 0.7% 1.4% Public (unidentified) 43.9% 18.1% Institutional (Belgium) 81% 20% Institutional (International) 19% 80% 100% 100%
Slide 17: Contacts
Contacts b ª ¡ Investor Relations : Mr. Jacques Anckaert +32 56 23 05 72 jacques.anckaert@bekaert.com Documentation : Mrs. Christine Clarysse +32 56 23 05 41 christine.clarysse@bekaert.com Shareholders, investors and other interested parties wishing to receive the Group's annual report, the annual a
Slide 18: better together
better together www.bekaert.com 17 March 2008