GENERAL SHAREHOLDERS MEETING BUSINESS YEAR 2013 NORTH AMERICAN - - PowerPoint PPT Presentation

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GENERAL SHAREHOLDERS MEETING BUSINESS YEAR 2013 NORTH AMERICAN - - PowerPoint PPT Presentation

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GENERAL SHAREHOLDERS MEETING BUSINESS YEAR 2013 NORTH AMERICAN FACTORY SOUTH AFRICAN FACTORY RAW MATERIALS DEPOT STAINLESS STEEL COLD ROLLED SHEET PRICES AISI 304 2.0 mm Euros/Mt 3,500 EUROPEAN MARKET 3,000 2,500 Extra de Aleacin

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SLIDE 1

GENERAL SHAREHOLDERS’ MEETING BUSINESS YEAR 2013

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SLIDE 2

NORTH AMERICAN FACTORY

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SLIDE 3

SOUTH AFRICAN FACTORY

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SLIDE 4

RAW MATERIALS DEPOT

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SLIDE 5

STAINLESS STEEL COLD ROLLED SHEET PRICES AISI 304 2.0 mm

Source: Metal Bulletin

Euros/Mt EUROPEAN MARKET

2011 2012 2013

Extra de Aleación Precio Base

500 1,000 1,500 2,000 2,500 3,000 3,500

Base Price Alloy Surcharge

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SLIDE 6

Average price: cash / three months (USD/Mt. Ni.)

OFFICIAL NICKEL PRICE IN THE L.M.E.

10,000 15,000 20,000 25,000 30,000

2011 2012 2013

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SLIDE 7

MELTING SHOP

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SLIDE 8

FIRST HALF 2012-2013

2012 2013

Variation

Production 1,179 1,168

  • 1%

Thousand Mt. Thousand Mt.

Net Sales 2,419 2,072

  • 14%

Million euros Million euros

EBITDA 166 119

  • 28%

Million euros Million euros

Net Result 40 16

  • 60%

Million euros Million euros

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SLIDE 9

STAINLESS STEEL REINFORCING BARS (EN 1.4362) IN NEW JERSEY

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SLIDE 10

SECOND HALF 2012-2013

2012 2013

Variation

Production 1,010 1,057

5%

Thousand Mt Thousand Mt

Net Sales 2,136 1,895

  • 11%

Million euros Million euros

EBITDA 32 109

244%

Million euros Million euros

Net Result

  • 58

6

  • Million euros

Million euros

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SLIDE 11

PALM OIL TANKS MADE OF STAINLESS STEEL AISI 304L

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SLIDE 12

+1.7%

  • 9.0%

+4.0% +8.1% United States Europe South Africa Asia

APPARENT CONSUMPTION

% Variation 2012-2013

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SLIDE 13

BUSINESS YEARS 2012-2013

2012 2013

Variation

Production 2,189 2,225

2%

Thousand Mt Thousand Mt

Net Sales 4,555 3,966

  • 13%

Million euros Million euros

EBITDA 198 228

15%

Million euros Million euros

Net Result

  • 18

22

  • Million euros

Million euros

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SLIDE 14

INVESTMENTS OF THE CONSOLIDATED GROUP

2013 2012

Acerinox, S.A. 0.7 0.2 Acerinox Europa 39.6 41.3 NAS 8.5 17.6 Columbus 16.0 7.7 Bahru Stainless 59.3 139.6 Roldán and Inoxfil 1.6 1.3 Spanish Trading Companies 0.1 0.1 Overseas Trading Companies 0.4 1.4 Total 126.3 209.1

Million euros

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SLIDE 15

CAMPO DE GIBRALTAR FACTORY

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SLIDE 16

SHEARING LINE

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SLIDE 17

MALAYSIAN FACTORY

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SLIDE 18

HOT ROLLING COILER

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SLIDE 19

RETURN TO SHAREHOLDERS

Issue premium Dividend

09 10 11 12 13

Euros/share

0.45 0.35 0.10 0.45 0.35 0.10 0.45 0.35 0.10 0.45 0.35 0.10 0.433 0.433

* * Scrip dividend

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SLIDE 20

Jan Feb Mar Abr May Jun Jul Aug Sep Oct Nov Dec

EVOLUTION OF THE STOCK EXCHANGE MARKET - ACERINOX & IBEX 35

Daily percentage data, year 2013

Acerinox Ibex 35

+21.4% +10.8%

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SLIDE 21

EVOLUTION OF THE STOCK EXCHANGE MARKET - ACERINOX & IBEX 35

Daily percentage data, year 2014 until May 31st

Acerinox Ibex 35

+8.9% +36.1%

Jan Feb Mar Abr May Jun Jul Aug Sep Oct Nov Dec

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SLIDE 22

REGASIFICATION PLANT MADE OF STAINLESS STEEL AISI 316

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SLIDE 23

FIRST QUARTER 2013-2014

2013 2014

Variation

Production 587 617

5%

Thousand Mt Thousand Mt

Net Sales 1,035 1,024

  • 1%

Million euros Million euros

EBITDA 68 89

30%

Million euros Million euros

Net Result 15 25

64%

Million euros Million euros

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SLIDE 24

FIVE KEYS TO THE FUTURE

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SLIDE 25

FIVE KEYS TO THE FUTURE

 GOOD PRODUCT  REDUCTION OVERCAPACITY  NICKEL PIG IRON  INDUSTRIALIZATION  EFFICIENCY AND COMPETITIVENESS

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SLIDE 26

Source: ISSF

38.1 million Mt

Annual growth rate: 6%

STAINLESS STEEL WORLD PRODUCTION

5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000

1950 ‘60 ‘70 ‘80 ‘90 2000 2013

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SLIDE 27

Stainless steel plates Bicycle parking in stainless steel AISI 316

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SLIDE 28

FIVE KEYS TO THE FUTURE

 GOOD PRODUCT  NÍQUEL PIG IRON  INDUSTRIALIZATION  EFFICIENCY AND COMPETITIVENESS  REDUCTION OVERCAPACITY

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SLIDE 29

5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000

Europe + Africa Americas Rest of Asia China

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

3.8% 50.0%

STAINLESS STEEL WORLD PRODUCTION

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SLIDE 30

CHINESE FACTORIES

Melting shop

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SLIDE 31

MAIN PRODUCERS

WORLD ANNUAL GROWTH 6% 2.3 MILLION Mt/YEAR 2 INTEGRATED FACTORIES LIKE NAS

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SLIDE 32

T H Y S S E N K R U P P A P E R A M O U T O K U M P U A C E R I N O X

EUROPE CONSOLIDATION

Melting shop

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SLIDE 33

FIVE KEYS TO THE FUTURE

 GOOD PRODUCT  REDUCTION OVERCAPACITY  INDUSTRIALIZATION  EFFICIENCY AND COMPETITIVENESS  NICKEL PIG IRON

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SLIDE 34

NICKEL PIG IRON

 Ferronickel with low nickel content  Ore from Indonesia and the Philippines  Indonesian ban →Nickel price rise →Philippine ore price rise →Removes advantage Chinese producer

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SLIDE 35

SCRAP RECYCLING

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SLIDE 36

FIVE KEYS TO THE FUTURE

 GOOD PRODUCT  REDUCTION OVERCAPACITY  NICKEL PIG IRON  EFFICIENCY AND COMPETITIVENESS  INDUSTRIALIZATION

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SLIDE 37

PRESIDENT OF THE ANDALUCÍA GOVERNMENT VISITING THE PLANT

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SLIDE 38

ELECTRIC ARC FURNACE

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SLIDE 39

FIVE KEYS TO THE FUTURE

 GOOD PRODUCT  REDUCTION OVERCAPACITY  NICKEL PIG IRON  INDUSTRIALIZATION  EFFICIENCY AND COMPETITIVENESS

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SLIDE 40
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SLIDE 41

YEAR 2013, EXCELLENCE PLAN III

2013 - 2014

 16 chapters  Internal benchmarking  Realistic targes (including part

  • f Excellence I and II)

 Recurrent savings:

60 millon euros/year

 Already reached in 2013: 68%

(41 millon euros)

40% 72% 67% 95%

Trimestre Acumulado

Q1 Q2 Q3 Q4

Quarter Accumulated

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SLIDE 42
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SLIDE 43

HUMAN RESOURCES

2013 2012 Variation

Acerinox, S.A. 62 65

  • 4.6%

Acerinox Europa 2,334 2,413

  • 3.3%

NAS 1,381 1,374 0.5% Columbus 1,601 1,592 0.6% Bahru Stainless 385 405

  • 4.9%

Roldan and Inoxfil 534 557

  • 4.1%

Spanish Trading Companies 244 305

  • 20.0%

Overseas Trading Companies 442 541

  • 18.3%

Total 6,983 7,252

  • 3.7%
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SLIDE 44
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SLIDE 45

COMMERCIAL NETWORK

Service centers Warehouses Offices 19 Agents Mills 30 28 13 6

4 FACTORIES IN 4 CONTINENTS

COMMERCIAL PRESENCE IN 36 COUNTRIES SALES IN OVER 80 COUNTRIES

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SLIDE 46

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