Air Liquide SA · EURONEXT:AI
Air Liquide SA — Q3 2004 Earnings Presentation
16 slides from Air Liquide SA's earnings presentation, Oct 28, 2004
Slide 1: Consolidated Sales 30 September 2004
Consolidated Sales 30 September 2004 28 October 2004
Slide 2: Consolidated sales to 30 September 2004
Consolidated sales to 30 September 2004 ¢ Benoît Potier: Chairman of the Management Board ¢ Jean-Claude Buono: Executive Vice-President Member of the Management Board ¢ John Glen: Group Finance Director 2 Q3 Consolidated Sales - October 28, 2004
Slide 3: Growth confirmed over 9 months
Growth confirmed over 9 months Growth Growth (excl. forex, natural gas) (as published) 9 month sales M€ With Messer Excl. Messer Group 6,823 +9.4% +12.3% +7.6% Gas & Services 6,007 +9.0% +12.2% +6.8% Growth Growth (excl. forex, natural gas) (as published) Q3 sales M€ With Messer Excl. Messer Group 2
Slide 4: Strong contribution from growth drivers
Strong contribution from growth drivers Growth over 9 months Y/Y (excl. forex, natural gas)* M€ +96 7 000 +293 +170 6 500 +73 +134 6 238 6 000 2003 Base New Innovation Messer Related 2004 geographies Activities * currency effect: 173 M€ , natural gas price effect: 8 M€ 4 Q3 Consolidated Sales - Octo
Slide 5: Growth in all business lines
Growth in all business lines 9 month Gas & Services sales and growth by quarter Y/Y* Large Industries: 1,645 M€ Industrial Customers: 2,786 M€ 11.6% +12.0% 12% 12% 9.0% 9.0% 7.8% 8% 8% 6.1% 5.0% 5.0% 5.2% 4.5% 4% +3.4% 4% 3.2% 2.8% 2.8% 0% 0% Q1 03 Q2 03 Q3 03 Q4 03 Q1 04 Q2 04 Q3 04 Q1 03 Q2 03 Q3
Slide 6: Momentum in line with 1st Half
Momentum in line with 1st Half 9 months Sales in M€ 9 months 04 04/03 Q3 04 Q3 04/03 Sales (as published) 6,823 +9.4% 2,353 +15.5% of which currency effect <2.7%> <2.7%> of which natural gas effect <0.2%> +0.8% Growth (excl forex, nat. gas) +12.3% +17.4% of which Messer effect 293 M€ +4.7% +8.9% Gro
Slide 7: Growth in all geographies
Growth in all geographies ¢ As of 30 September 04, 9 month growth Y/Y*: ¢ North America: +7% ¢ Western Europe: +6% ¢ Japan: +4% ¢ Emerging Asia: +20% of which China: +30% ¢ Eastern Europe: +14% ¢ South America: +8% ¢ Other countries**: +6% * 04/03 (excl. forex, natural gas, Messer) ** Africa & Austr
Slide 8: Americas: strong activity
Americas: strong activity 9 months: 1,669 M€ +7.2%* ¢ Markets: steel, energy, +13.8% 14% petrochemicals, food 12% 10% ¢ Large Industries US: +8% 8% +6.4% 6% ¢ Industrial Customers US: +9% 4% 2% ¢ Messer Integration 0% Q1 03 Q2 03 Q3 03 Q4 03 Q1 04 Q2 04 Q304 ¢ Numerous projects -2% Messer impact * %
Slide 9: Emerging Asia: continued dynamic momentum
Emerging Asia: continued dynamic momentum Asia-Pacific 9 months: 1,036 M€ +7.5%* ¢ Emerging Asia > +20% 27% astrong contribution from Electronics sales 20% +13.2% aHydrogen ramp-up 13% aChina > +30% 6% ¢ Stabilization in Japan +0.7% at high levels : +4% -1% Q1 03 Q2 03 Q3 03 Q4 03 Q1 04** Q2 04** Q3
Slide 10: Europe: innovation and services
Europe: innovation and services Europe (excl. France) 9 months : 1,990 M€ 10% +7.5%* +33.9% ¢ Hydrogen volumes > +70% 8% +7.5% a Repsol, BASF, ExxonMobil 6% 4% ¢ Healthcare: +6 to +7% 2% 0% a homecare Q1 03 Q2 03 Q3 03 Q4 03 Q1 04 Q2 04 Q3 04 and hygiene Messer impact France ¢ New services in Indust
Slide 11: 9 month summary
9 month summary ¢ Gas & Services growth of 6% to 7% ¢ Positive trends in North America and emerging Asia, Japan remains steady ¢ Growth drivers in Europe (hydrogen, Healthcare, services) ¢ Ongoing efficiency efforts in a context of rising costs (energy and raw materials) 11 Q3 Consolidated Sales - O
Slide 12: Conclusions
Conclusions ¢ Messer: enlarged base and synergies ¢ Continued contribution from growth drivers ¢ OPAL: defined productivity initiatives in progress ¢ «We confirm our 2004 target to deliver a higher growth in reported net earnings than in 2003. This growth should be close to the Group's organic sales
Slide 13: Appendices
Appendices 13 Q3 Consolidated Sales - October 28, 2004
Slide 14: Growth in all geographic zones
Growth in all geographic zones 9 months 9 months Q1 04 Q2 04 Q3 04 9 months 04/03 04/03 (excl. forex, Sales in M€ (as published) nat gas, Messer) Asia-Pacific 349 338 349 1,036 +5.4% +7.5% Americas 520 569 580 1,669 +3.0% +7.2% Europe (excl France) 590 677 723 1,990 +20.3% +7.5% France 401 401 396 1
Slide 15: Growth in all business lines
Growth in all business lines 9 months 9 months Q1 04 Q2 04 Q3 04 9 months 04/03 04/03 (excl. forex, Sales in M€ (as published) nat gas, Messer) Industrial Customers 838 957 991 2,786 +11.3% +4.7% Large Industries 540 544 561 1,645 +9.5% +10.9% Electronics 209 203 215 627 +1.1% +5.7% Healthcare 308 3
Slide 16: Currency and natural gas
Currency and natural gas Variation €/$ (average value in $) Currencies Q3 03 = 1.124 +8.7% Q3 04 = 1.222 12 Natural gas 10 USA (USD/mmbtu) Europe (EURO/GJ) 8 Canada (CAD/GJ) 6 4 2 0 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 10 11 12 1