Air Liquide SA · EURONEXT:AI
Air Liquide SA — Q3 2003 Earnings Presentation
16 slides from Air Liquide SA's earnings presentation, Oct 28, 2003
Slide 1: Consolidated Sales 3rd Quarter 2003
Consolidated Sales 3rd Quarter 2003 October 28, 2003
Slide 2: Consolidated sales - Q3, 2003
Consolidated sales - Q3, 2003 ! Benoît Potier: Chairman of the Management Board ! Jean-Claude Buono: Executive Vice-President Member of the Management Board ! John Glen: Group Finance Director Agenda: ! Key points and geographic highlights (Benoît Potier) ! Analysis of key figures (John Glen) ! Conc
Slide 3: Key points and geographic highlights
Key points and geographic highlights Benoît Potier 3 3rd Quarter sales – October 28 2003
Slide 4: Firmer growth in Q3
Firmer growth in Q3 Gas & Services sales in 2003 Sales ! High level of sales in Q3 In M€ 1,863 1,821 1,825 ! Solid geographic & business mix Y/Y +9.3% +4.3% +9.1% ! Strong acceleration in Asia 12% ! Significant growth in Industrial 8% Customers ! Record level in recurring 4% Electronics sales 0% ! S
Slide 5: Ramp-up of H2/CO capacity on track
Ramp-up of H2/CO capacity on track H2: 100 000 Nm3/h CO : 11 500 Nm3/h 5 3rd Quarter sales – October 28 2003
Slide 6: Strong acceleration in Asia
Strong acceleration in Asia Asia-Pacific ! Asia represents 50% of Group Gas & Services sales In M€ 320 320 342 organic growth Y/Y* +6.2% +9.9% +13.4% ! Double digit growth in Electronics (China) and Large Industries 14% (Korea) 12% 10% ! Industrial Customers: strong 8% 6% growth in volumes 4% 2% ! J
Slide 7: Positive signs in the Americas
Positive signs in the Americas Americas Gas & Services sales ! Latin America: strong growth In M€ 561 528 532 North America: stable Y/Y* +3.2% -0.5% +2.8% ! Recurring Electronics sales 4% driven by increased production 3% 2% ! Industrial Customers: notable 1% growth in US, Canada and South 0% Americ
Slide 8: Solid performance in Europe
Solid performance in Europe Gas & Services sales In M€ 397 377 372 Y/Y* +7.7% +6.2% +7.6% 8% ! Growth through innovation and services despite stable environment France 4% ! Electronics: high invoicing levels from new project in France 0% Q1 Q2 Q3 ! H2/CO: ramp-up in North Europe, Gas & Services sale
Slide 9: Analysis of key figures
Analysis of key figures John Glen 9 3rd Quarter sales – October 28 2003
Slide 10: YTD and Q3 performance analysis
YTD and Q3 performance analysis Group sales (Y/Y) 9 months Q3 In M€: 6,238 2,036 Growth as reported +7.0% +7.3% !Currency effect: -6.7% -4.5% !Natural gas effect: +3.7% +2.2% Growth excl. currency, NG +10.0% +9.6% !JAG consolidation effect: +4.7% +4.9% Global growth from operations +5.3% +4.7% Gas &
Slide 11: Firm performance in Q3
Firm performance in Q3 Y/Y (ex. currency, NG, JAG) 9 months Q1/03 Q2/03 Q3/03 Sales in M€ (as reported) Industrial Customers 2,502 +2.8% +2.8% +5.0% Large Industries 1,503 +7.8% +3.2% +5.0% Electronics 620 +17.7% +11.3% +14.5% Healthcare 884 +3.8% +3.4% +4.1% Total Gas & Services 5,509 +5.8% +3.9% +
Slide 12: Global reach
Global reach Gas & Services 9 months Y/Y Africa Sales in M€ (as reported) (ex. currency, 2% NG, JAG) France Asia-Pacific Asia-Pacific 982 +9.8% 21% 18% Americas 1,621 +1.7% Europe (ex. France) 1,654 +4.8% France 1,145 +7.2% Africa 107 +15.4% Europe Americas Total Gas & Services 5,509 +5.2% 30% 29% 1
Slide 13: Conclusion and outlook
Conclusion and outlook Benoît Potier 13 3rd Quarter sales – October 28 2003
Slide 14: Conclusion and outlook
Conclusion and outlook ! Leading innovation and business development in growth sectors: !Environment !Healthcare !Advanced technologies ! Developing services ! Expanding geographic coverage “ Despite unfavorable currency effects, we maintain our objective to deliver growth in reported net earnings f
Slide 15: Appendix
Appendix 15 3rd Quarter sales – October 28 2003
Slide 16: Natural gas price
Natural gas price 12 10 US (USD/mmbtu) Europe (EURO/GJ) 8 Canada (CAD/GJ) 5,87 6 4,71 4 3,49 2 0 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 1999 2000 2001 2002 2003 16 3rd Quarter sales – October 28 2003