Boliden AB · OMXSTO:BOL

Boliden AB — Investor Day (November 2012)

15 slides from Boliden AB's investor day presentation, Nov 23, 2012

  1. Slide 1: Smelters Update – Capital Markets Day

    Smelters Update Capital Markets Day November 23rd 2012 Kerstin Konradsson President, Boliden Smelters Boliden CMD 2012 1 2012-11-23

  2. Slide 2: Smelters Production development

    Smelters Production development Total feed, Cathode Metal Copper Total feed, Zinc ktonnes production, production, ktonnes ktonnes ktonnes 400 100 250 140 Thousands 350 120 80 200 300 100 250 60 150 80 200 40 100 60 150 100 40 20 50 50 20 0 0 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3

  3. Slide 3: Copper and Zinc sales 2009-2012 Q3

    Copper and Zinc sales 2009-2012 Q3 Copper slightly weaker, zinc stable 100 000 140 000 90 000 120 000 80 000 70 000 100 000 60 000 80 000 50 000 60 000 40 000 30 000 40 000 20 000 20 000 10 000 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2009 2010

  4. Slide 4: Smelters Financial development

    Smelters Financial development Msek  EBIT excl. PIR YTD Q3 881 1 400 Quarterly EBIT excl PIR* (724) MSEK ‒ Positive TC impact copper 1 200 Rolling 4Q EBIT excl PIR* ‒ Improved production stability ‒ Cost control 1 000  CAPEX YTD Q3 716 (1,102) 800 MSEK 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q

  5. Slide 5: Maintenance 2013

    Maintenance 2013  Maintenance stops ‒ Rönnskär ‒ Harjavalta ‒ Odda ‒ Kokkola  EBIT effect -325 MSEK ‒ -300 in Q2 ‒ Full year 2012 170 MSEK Boliden CMD 2012 5 2012-11-23

  6. Slide 6: Strategic activities

    Strategic activities  Environment, Health & Safety  Raw material supply  Cost efficiency  Profitability improvement  Customer base Boliden CMD 2012 6 2012-11-23

  7. Slide 7: Bergsöe

    Bergsöe  Current situation ‒ Tight supply of batteries ‒ Significant raw material price increases ‒ 3-4% volume increase ‒ Stable cost level ‒ Improved production stability  Focus areas ‒ Continued operational improvement ‒ New sourcing markets Boliden CMD 2012 7 2012-11-23

  8. Slide 8: Rönnskär

    Rönnskär  Current situation ‒ Successful commissioning of new electronic scrap capacity ‒ Electronic scrap capacity 120 kt/year ‒ Strong position in copper and zinc ashes  Focus areas ‒ Production stability ‒ Cost levels ‒ Increase lead production ‒ Recycling Boliden CMD 2012 8 2012-11-23

  9. Slide 9: Harjavalta

    Harjavalta  Current situation ‒ Improved production stability, positive trend 2012 ‒ Investments 2013 in maintenance and de-bottlenecking  Focus areas ‒ NBW focus on improving the copper flow with minimum waste ‒ Develop nickel business model Boliden CMD 2012 9 2012-11-23

  10. Slide 10: Odda

    Odda  Current situation ‒ Improved production stability ‒ 10% cost reduction/ton zinc since 2010  Direct leaching tank disruption ‒ Approx. -30 MSEK EBIT effect in Q4 ‒ Analysis and repairs ongoing  Focus areas ‒ Cost reductions ‒ Production increase to 170 kt ‒ Increase volumes of high value pro

  11. Slide 11: Kokkola

    Kokkola  Current situation ‒ Continued stable production ‒ Hot Acid Leaching October 2012  Focus areas ‒ Silver recovery (see seperate presentation) ‒ Quality of sulphuric acid ‒ De-bottlenecking of cellhouse by continuous improvements and investments Boliden CMD 2012 11 2012-11-23

  12. Slide 12: Silver recovery in Kokkola

    Silver recovery in Kokkola Project status November 2012 Boliden CMD 2012 12 2012-11-23

  13. Slide 13: Background

    Background  Increasing silver content in zinc USD/oz Silver price concentrates 55 50  High silver prices 45 40  Leading zinc smelters have capability 35 30  Only feed to the roaster, ~60% 25 20  Flexibility to source concentrates 15 between the smelters 10 5 0 2007 2008 2009 2010 2011 2012 Boli

  14. Slide 14: Investment

    Investment  Investment 27 MEUR  Project start-up Q2 2012  Production Q3 2014  Production of 25 tons silver ‒ Silver concentrate, <10 000 g/ton, with small amounts of gold and lead ‒ Further refinement elsewhere  High profitability Boliden CMD 2012 14 2012-11-23

  15. Slide 15: Metals for modern life

    Revisioner Under 2011 gjordes två revisioner en av dom I Indien. Metals for modern life Bilden visar en medarbetare från AVA Chemicals i Indien samtala med revisorn Camilla Ottosson. Till vänster i bilden syns den indiske tolken. 15 2012

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