Investor and analyst webcast presentation Jouni Salo, CEO, Yizhen Zhu, COO Asia Pacific
Financial Year 2012 Results - KHD Humboldt Wedag International AG March 27, 2013
CEMENTING A STRONGER FUTURE March 27, 2013 Financial Year 2012 - - PowerPoint PPT Presentation
Investor and analyst webcast presentation Jouni Salo, CEO, Yizhen Zhu, COO Asia Pacific CEMENTING A STRONGER FUTURE March 27, 2013 Financial Year 2012 Results - KHD Humboldt Wedag International AG Financial Performance Q4 2012 - Strongest
Financial Year 2012 Results - KHD Humboldt Wedag International AG March 27, 2013
for € 69 million
Financial Performance Page 1 / 19 Full Year Results 2012
Q4 2012 Q4 Key Figures in € million Order Intake 128 Revenues 70 EBIT 3 EBIT Margin 4.3% Order backlog 491
Page 2 / 19
Full Year Results 2012 At a glance
Business
within guidance corridor Financials
€ 130 million Industry
margin pressure
and postponements
Page 3 / 19 Full Year Results 2012
CN +8%
Business Performance Page 4 / 19 Full Year Results 2012 IN +6% BR +6% RU +11% US +9% NG +10% World + 5% TR -3% ID +13% Global Cement Consumption 2012 in %
Sources: BNP Paribas, CW Group Report, KHD
China (59%) India (6%) USA (2%) Brasil (2%) Russia (2%) Rest of the World (29%)
Business Performance Page 5 / 19 Full Year Results 2012
India
expansion projects in 2012
Turkey
infrastructure spending
Russia
consumption, however utilization rates remained low
Americas
up in second half but far below pre- crisis levels
Asia Pacific
Mining Markets
especially in China
CAPEX projects
Page 6 / 19 Full Year Results 2012
Venezuela (Invecem), Turkey (SÖNMEZ)
million), India (Holcim Jamul / € 69 million) and Italy (Italcementi)
total order intake
industry resulting in order intake of € 18 million
Financial Performance Page 7 / 19 Full Year Results 2012 Order backlog and order intake in € million 224,7 293,7 410,9 491,0 100 200 300 400 500 600 Order Intake Order Backlog 2011 2012 + 82.9 % + 67.2 %
led to lower revenues
translate into revenue
by Turkey and Russia
Financial Performance
Page 8 / 19 Full Year Results 2012 234.6 213.5 50 100 150 200 250 300 2011 2012 Revenue in € million
17.6 6.4 7.5% 3.0% 0% 2% 4% 6% 8% 10% 2 4 6 8 10 12 14 16 18 20 2011 2012
€ 8.7 million
million
level of 20.5%
costs of € 3.6 million on similar level as in previous year
virtually unchanged
Financial Performance
Page 9 / 19 Full Year Results 2012 EBIT and EBIT margin in € million and %
Company’s € 4.8 million net retained profits as a dividend to shareholders
share
Financial Performance Page 10 / 19 Full Year Results 2012 Earnings per share in € 0.28 0.14 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 2011 2012
million corresponds to € 17 million increase in current liabilities
negative € 11.3 million
equity ratio of 53.6 %
Financial Performance Page 11 / 19 Full Year Results 2012
15 17 300 283 116 136
50 100 150 200 250 300 350 400 450
2011 2012
Non-current assets Cash and cash equivalents Other current assets
234 234 53 40 145 162
50 100 150 200 250 300 350 400 450
2011 2012
Equity Non-current liabilities Current liabilities
competitiveness
Financial Performance Page 12 / 19 Full Year Results 2012
Page 13 / 19 Full Year Results 2012
Achievements Page 14 / 19 Full Year Results 2012
under difficult market conditions
the market
friendly cement plants in Europe in the Lake Garda region (Italcementi order from Nov 2012)
‘Most innovative technology for alternative fuels use’ at the 6th Global CemFuels Conference (Feb 2012)
India
Page 15 / 19 Full Year Results 2012
Outlook
India
questionable
Turkey
in Turkey
Russia
modernization projects
many customers Americas
gaining strength
environmental legislation
Asia Pacific
requirements continue to shape Chinese cement industry Mining Markets
mining companies will limit the number
Sources: BNP Paribas, CW Group Report, KHD
Page 16 / 19 Full Year Results 2012
strengthening our resources and capabilities in low-cost regions
Outlook Page 17 / 19 Full Year Results 2012
Outlook Page 18 / 19 Full Year Results 2012
This document contains statements which are, or may be deemed to be, "forward-looking statements" which are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "plans", "expects" or "does not expect", "is expected", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Important factors that could cause actual results, performance or achievements of the Company to differ materially from the expectations of the Company include, among other things, general business and economic conditions globally, commodity price volatility, industry trends, competition, changes in government and other regulation, including in relation to the environment, health and safety and taxation, labor relations and work stoppages, changes in political and economic stability, the failure to meet certain conditions of the offer and/or the failure to obtain the required approvals or clearances from regulatory and other agencies and bodies on a timely basis or at all, the inability to successfully integrate the operations and programs of businesses and/or companies acquired with those of the Company, incurring and/or experiencing unanticipated costs and/or delays or difficulties relating to integration of acquired businesses, disruptions in business operations due to reorganization activities and interest rate and currency fluctuations. Such forward-looking statements should therefore be construed in light of such factors. Other than in accordance with its legal or regulatory obligations, the Company is not under any obligation and the Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additional information about these and other assumptions, risks and uncertainties are set out in our financial statements for the year ended December 31, 2011.
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