12 th European Exane BNP. Seminar Paribas. June 2010
|
|
|
- Theodore Wilkins
- 5 years ago
- Views:
Transcription
1 12 th European Exane BNP Seminar Paribas June 2010
2 Early 2010: demand trending upwards Clear rebound in tire demand off of favorable prior-year comparatives Increase in Michelin Q1 volumes, gaining momentum late in the quarter as market share held firm First-quarter mix reflected growth in OE sales Impact of price increases expected over the coming quarters 2-12 th European Seminar / Exane BNP Paribas - June 2010
3 Analysis of Q1 Net Sales Global Market Trends Outlook 3-12 th European Seminar / Exane BNP Paribas - June 2010
4 4-12 th European Seminar / Exane BNP Paribas - June 2010 Analysis of Q1 Net Sales
5 Growth in Net Sales Led by Volumes YoY change in millions and as a % of net sales (84) Price Mix -2.1% (23) Currency -0.6% 3,941 3,512 Volumes +15.3% +12.2% Q Net Sales Q Net Sales 5-12 th European Seminar / Exane BNP Paribas - June 2010
6 Higher Volumes: Growing Contribution from the OE Segment YoY change as a % of net sales Q1 09 Volumes Price Mix Currency Q2 09 Q3 09 Q4 09 Q1 10 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q1 09 Q2 09 Q3 09 Q4 09 Q th European Seminar / Exane BNP Paribas - June 2010
7 7-12 th European Seminar / Exane BNP Paribas - June 2010 Global Market Trends
8 Better Economic Environment outlook in the US HOUSING STARTS ( 000s units moving 3 months) 10% UNEMPLOYMENT 3,000 2,000 1,000 10% 0% -10% -20% 8% 6% 4% INDUSTRIAL PRODUCTION GROWTH CONSUMER CONFIDENCE 8-12 th European Seminar / Exane BNP Paribas - June 2010
9 Cautioulsy optimistic in Europe 100 CONSUMER CONFIDENCE EUROZONE 95 UNEMPLOYMENT 90 10% % 8% 0% -10% 6% % INDUSTRIAL PRODUCTION GROWTH 9-12 th European Seminar / Exane BNP Paribas - June 2010
10 Strong Growth in the Chinese Economy 60 PMI CHINA 30 INDUSTRIAL PRODUCTION GROWTH IN CHINA (%) th European Seminar / Exane BNP Paribas - June 2010
11 Passenger Car/Light Truck Tire Markets: Significant Rebound in the First-Quarter Markets from January to April 2010 % change YoY Europe Original Equipment Replacement North America China th European Seminar / Exane BNP Paribas - June 2010
12 Recovery in US Vehicle Miles Driven Still Hesitant VEHICLE MILES DRIVEN IN THE UNITED STATES (MOVING 12-MONTH) JANUARY 2005 APRIL , % 3,000 Apr ,950 2, Source: US Department of Transportation / Federal Highway Administration th European Seminar / Exane BNP Paribas - June 2010
13 Sharp Upturn in Truck Tire Markets Off of Low Prior-Year Comparatives Markets from January to April 2010 % change YoY Europe Original Equipment Replacement North America Brazil Japan China th European Seminar / Exane BNP Paribas - June 2010
14 Freight Kilometers in Germany up 5.8% in April 2010 KILOMETERS DRIVEN IN GERMANY ( 000s) (MOVING 3 MONTHS TOLL-COMMITTED TRUCKS > 15 TONNES) 2,500,000 2,400,000 2,300,000 2,200, % 2,100,000 2,000,000 1,900,000 April 2009 April ,800, Yearly average Source: Bundesamt für Güterverkehr th European Seminar / Exane BNP Paribas - June 2010
15 Increase in US Freight Tonnage TRUCK TONNAGE IN THE UNITED-STATES (MOVING 3 MONTHS) Base 100 in % March % March Source: US Department of Transportation / Federal Highway Administration th European Seminar / Exane BNP Paribas - June 2010
16 Mining Operations Underpinned by Strong Demand for Raw Materials OIL SANDS PRODUCTION ( 000 of barrels per day) IRON ORE PRICES (USD / Dry Metric Ton) Source: Canadian Association of Petroleum Producers Source: SBB th European Seminar / Exane BNP Paribas - June 2010
17 Infrastructure Market: Signs of Recovery in North America and Western Europe US HOUSING STARTS ( 000s units moving 3 months) EU CONSTRUCTION CONFIDENCE INDEX Source: Source: Eurostat th European Seminar / Exane BNP Paribas - June 2010
18 Sustained Demand in Asian Infrastructure Markets ASIAN CONSTRUCTION SPENDING ( billions) CHINA PURCHASING MANAGERS RATIO Source: IHS Global Insight Source: ISM th European Seminar / Exane BNP Paribas - June 2010
19 19-12 th European Seminar / Exane BNP Paribas - June 2010 Outlook
20 Tire Demand Expected to Increase Passenger Car and Light Truck Tires Further growth in the replacement market, as postponed orders are fulfilled Possible slowdown in the European original equipment segment Truck Tires Demand supported by sharp dealer and fleet inventory drawdowns in 2009 Ongoing rebound already apparent in Europe Miles driven on the rise and a tighter retread market in North America Specialty Tires Demand trending upward in mining operations and growth regions Infrastructure and original equipment: replenishing inventory in expectation of an increase in end-user demand th European Seminar / Exane BNP Paribas - June 2010
21 Increase in Raw Material Prices, Especially Natural Rubber NATURAL RUBBER PRICES TSR20- USD/kg BRENT PRICES (USD/Barrel) th European Seminar / Exane BNP Paribas - June 2010
22 Responsive Pricing Policy to Pass on Higher Raw Material Prices North America (Effective February 1) Truck tire replacement market: from +3% to +7% Passenger car & Light truck tires: depending on the range Earthmover tire replacement market: +4% North America (Effective June 1) Passenger car & Light truck tires: up to 6% Europe April 1: Truck tire replacement market: +4% 2nd Quarter: Passenger car & Light truck replacement tires: +3% to +4% Other regions Price increases scheduled in the second quarter Contractual indexation clauses Prices to be revised upwards in the second half th European Seminar / Exane BNP Paribas - June 2010
23 2010 Outlook Confirm Rebounding Demand Volumes up 10% Rising Raw Materials Prices Responsive Pricing Policy To Drive New Growth Restoring Capital Expenditure Continuing to Tightly Manage Operations Objective: Generate Positive Free Cash Flow th European Seminar / Exane BNP Paribas - June 2010
24 Enhancing Technological Leadership R&D Expense (in million ) Balanced performance Total cost of ownership CO2 emissions Safety Improving rolling resistance in passenger car tires RR -2.5g/km -2.4g/km -5g/km -1.7g/km g/km -0.8g/km -2g/km MXL MXT EnMXT EnXT2 ENERGY3 EnSaver EnSaver V-LET For a 195/65 R 15 91T tire th European Seminar / Exane BNP Paribas - June 2010
25 Increasing Capacity in Growth Regions: USD 2bn capital expenses OBJECTIVE Double Passenger car & Light truck capacity by 2012 Increase Truck capacity by 40% by MID-TERM OBJECTIVE % sales in high-growth markets % sales in mature markets th European Seminar / Exane BNP Paribas - June 2010
26 Internal Growth : 3 Greenfield Projects in Brazil, China and India. China New Passenger Car & Truck facility Investment: 800 M$ Start of production target: 2012 Brazil Investment : 1bn$ Of which: New Passenger car facility Start of production: early 2012 India New Truck facility Investment: 800 M$ Start of production target: th European Seminar / Exane BNP Paribas - June 2010
27 Challenge Bibendum Rio th European Seminar / Exane BNP Paribas - June 2010
28 12 th European Exane BNP Seminar Paribas June 2010
29 Contacts Investor Relations Valérie Magloire Alban de Saint Martin +33 (0) , avenue de Breteuil Paris Cedex 07 France investor-relations@fr.michelin.com th European Seminar / Exane BNP Paribas - June 2010
30 Disclaimer This presentation is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documentation published in France by Autorité des marchés financiers available from the website. This presentation could contain a number of provisional statements. ts. Although the Company believes that these statements are based on reasonable assumptions at the time of the publication of this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or induced by these statements th European Seminar / Exane BNP Paribas - June 2010
North America Roadshow
North America Roadshow Bank of America Merrill Lynch March 2010 2009: Tightened Management and Steady Improvement Exceptional drop in tire demand Sharp decline in sales volumes Idle production capacity
ANNUAL RESULTS FEBRUARY 11, 2011
ANNUAL RESULTS FEBRUARY 11, 2011 Historically high operating income, at 1,695 million Growth led by our global presence and the rebound in mature markets A responsive pricing policy in the face of rising
The Premium Review Conference. Société Générale. Paris December 2, 2010
The Premium Review Conference Société Générale Paris December 2, 2010 Disclaimer This presentation is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain
Stockholm & Copenhagen Cheuvreux
Stockholm & Copenhagen Cheuvreux November 7-8, 2012 1 // Stockholm & Copenhagen Cheuvreux November 7-8, 2012 OUTLINE 01 High profitability in first-half 2012 02 Structurally expanding markets 03 Widening
FIRST-HALF 2011 RESULTS. July 29, 2011
FIRST-HALF 2011 RESULTS July 29, 2011 A first-half in line with the Group road map Sustained growth in markets during the half Sales volumes up 12.6% reflecting market growth and the Group s solid sales
Q1 Volumes Confirm the Seasonal Trends Expected in 2012
Paris MAY 10, 2012 Q1 Volumes Confirm the Seasonal Trends Expected in 2012 Markets down overall, with a contrast between: Passenger car & light truck and truck tires, where demand weakened as expected,
Madrid Société Générale MAY 4, 2012
Madrid Société Générale MAY 4, 2012 Q1 Volumes Confirm the Seasonal Trends Expected in 2012 Markets down overall, with a contrast between: Passenger car & light truck and truck tires, where demand weakened
J.P. MORGAN. London December 6, 2013
J.P. MORGAN London December 6, 2013 1 J.P. Morgan December 6, 2013 December 6, 2013 J.P. MORGAN 1 STRATEGY & 2020 AMBITIONS 2 ACTIVATING GROUP LEVERS 3 FREE CASH FLOW AMBITION 4 COMMITMENT TO SHAREHOLDERS
MICHELIN. Paris EUROPLACE Tokyo, November 29, 2010 Imperial Hotel
MICHELIN Paris EUROPLACE 2010 Tokyo, November 29, 2010 Imperial Hotel Disclaimer This presentation is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain
Hong-Kong - March 24, 2016
EXANE BNP PARIBAS Hong-Kong - March 24, 2016 2,577m operating income before non-recurring items, up 407m, and FCF before acquisitions of nearly 1bn Volumes up 3.2%, outpacing the market, especially in
Madrid Non deal Roadshow CITI. June 23-24, CITI Madrid Non deal Roadshow June 23-24, 2015
Madrid Non deal Roadshow CITI June 23-24, 2015 1 2 MICHELIN CrossClimate, a disruptive innovation to support volume growth The first-ever MICHELIN summer tire certified for winter use MICHELIN CrossClimate
Compartiment Compartiment A ISIN : FR Diffuseur : Hugin Type de document : 2/12/2010 8:00:00 AM
Société : Michelin (CGEM) Compartiment Compartiment : A ISIN : FR0000121261 Diffuseur : Hugin Type de document : Communiqués d'information permanente / Résultats et CA Date de publication : 2/12/2010 8:00:00
JP Morgan May 10-11, Madrid. JP Morgan Madrid May 10-11, 2016
JP Morgan May 10-11, 2016 Madrid 2020: ambitious value creation targets Deliver a structural 1,000m Free cash flow from 2020* (in millions) 517 749 833 1,000 Deliver a ROCE (after tax) 15% from 2020* (in
J.P. Morgan. June 9, 2015
London European Automotive Conference J.P. Morgan June 9, 2015 1 2 MICHELIN CrossClimate, a disruptive innovation to support volume growth The first-ever MICHELIN summer tire certified for winter use MICHELIN
first-half 2011 financial Al RepORT
first-half 2011 financial Al RepORT Contents 1 Press release 2 Press release 3 2 Slideshow 10 3 First-Half Business Review 28 3.1. Tire Markets 29 3.2. Net Sales 36 3.3. Consolidated Income Statement Review
First-Half 2009 Financial Report
First-Half 2009 Financial Report PRESS RELEASE...3 CONSOLIDATED RESULTS PRESENTATION...10 FIRST-HALF ACTIVITY REPORT...32 Tire Markets...33 Replacement Markets...35 Original Equipment Markets...38 Michelin
Paris, Autumn Conference. Kepler Cheuvreux. September 17&18, Kepler Cheuvreux Paris, Autumn Conference - September 17&18, 2015
Paris, Autumn Conference Kepler Cheuvreux September 17&18, 2015 1 Michelin Committed on 6 Major Sustainable Development Ambitions for 2020 ❶ Widen our lead in product performance ❷ Set the industry standard
2017: another year of progress. Q1 2018: Net sales up 1.4% at constant exchange rates guidance confirmed. Shareholder commitment
1 May 18, 2018 ANNUAL SHAREHOLDERS MEETING 1 2017: another year of progress 2 Q1 2018: Net sales up 1.4% at constant exchange rates 3 2018 guidance confirmed 4 Shareholder commitment 2 May 18, 2018 ANNUAL
Oddo Securities March 10, Brussels
Oddo Securities March 10, 2017 Brussels 2016: a year of progress, in line with our 2020 roadmap 2016 guidance 2016 actual Volumes Above-market growth +2.1% Operating income from recurring activities at
West Coast Exane BNP Paribas December 7-9, 2015
West Coast Exane BNP Paribas December 7-9, 2015 1 An ambitious value creation target Deliver a structural 1billion Free Cash Flow from 2020* (in millions ) 1,000 Deliver a ROCE (after taxes) 15% from 2020*
May 19, 2017 ANNUAL SHAREHOLDERS MEETING
May 19, 2017 ANNUAL SHAREHOLDERS MEETING May 19, 2017 ANNUAL SHAREHOLDERS MEETING 1 2 3 4 2016: a stronger business performance 1 st Quarter 2017: net sales of 5.6 billion, up 10%, with a 7.3% increase
Paris June 14-15, Exane BNP Paribas CEO Conference
Paris June 14-15, 2017 Exane BNP Paribas CEO Conference A business model strongly linked to consumption Net sales by drivers PC RT 49% PC OE 12% Autos Consumption 29% Manufacturing 10% Commodities 2016
First-Half. Financial Report
2013 First-Half Financial Report CONTENTS 1 Press Release 1 Press Release 2 2 Slideshow 7 1 st -half 2013 Results 8 3 First-Half Business Review 36 3.1. Tire markets 38 3.2. Net sales 44 3.3. Consolidated
Paris May 31, Natixis Industrials Conference
Paris May 31, 2017 Natixis Industrials Conference 2016: a year of progress, in line with our 2020 roadmap 2016 guidance 2016 actual Volumes Above-market growth +2.1% Operating income from recurring activities
FIRST-HALF FINANCIAL REPORT
2016 FIRST-HALF FINANCIAL REPORT CONTENTS 1 Press Release 3 4 Consolidated Interim Financial Statements 87 2 3 Slideshow 11 First-half 2016 Results 12 First-Half Business Review 54 3.1 Tire markets 56
GENEVA - ZURICH. Equita. November 12&13, GENEVA & ZURICH EQUITA November 12&13, 2015
GENEVA - ZURICH Equita November 12&13, 2015 1 An ambitious value creation target Deliver a structural 1billion Free Cash Flow from 2020* (in millions ) 1,000 Deliver a ROCE (after taxes) 15% from 2020*
2011 results Résultats_GB.indd 1 09/02/12 11:23
2011 results CONTENTS 1 PRESS RELEASE 1 Market Review 3 2011 Net Sales and Results 5 Compagnie Générale des Établissements Michelin 6 2011 Highlights 6 2 SLIDESHOW 9 Annual Results February 10, 2012 10
MULTI-ASSET CLASS 1 EQUITIES: DEVELOPED COUNTRIES 1 EQUITY EMERGING COUNTRIES 2
10 2 3 6 8 9 13 14 MULTI-ASSET CLASS 1 EQUITIES: DEVELOPED COUNTRIES 1 EQUITY EMERGING COUNTRIES 2 Alpha Current Previous Alpha Current Previous Alpha Current Previous weight weight weight weight weight
2017 FIRST-HALF FINANCIAL REPORT
2017 FIRST-HALF FINANCIAL REPORT CONTENTS 1 PRESS RELEASE 3 4 2 3 SLIDESHOW 11 First-half 2017 Results 12 FIRST-HALF BUSINESS REVIEW 54 3.1 Tire Markets 56 3.2 Net Sales 62 3.3 Consolidated Income Statement
LONDON. J.P. Morgan Cazenove European Automotive Conference. June 10, 2014
LONDON J.P. Morgan Cazenove European Automotive Conference June 10, 2014 1 London J.P. Morgan Cazenove - European Automotive Conference June 10, 2014 June 9, 2014 Michelin acquires Sascar, Brazil s Leading
CONTENTS FINANCIAL HIGHLIGHTS PRESS RELEASE 1 4 SLIDESHOW 9 CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, BUSINESS REVIEW 66
RESULTS 2016 CONTENTS 1 PRESS RELEASE 1 4 2 3 Market Review 3 2016 Net Sales and Results 5 Compagnie Générale des Établissements Michelin 7 2016 Highlights 7 SLIDESHOW 9 Annual results February 14, 2017
APRIL 23, 2018 NET SALES AT MARCH 31, 2018
APRIL 23, 2018 NET SALES AT MARCH 31, 2018 Q1 2018: net sales of 5.2 billion, up 1.4% at constant exchange rates PC/LT and Truck markets down slightly as announced OE demand down in PC/LT, impacted by
Transforming tomorrow
Transforming tomorrow Bank of America Merrill Lynch Global Metals and Mining Conference May 2010 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements
Positive trend in earnings and strong cash flow
Positive trend in earnings and strong cash flow Presentation of the Q3/2017 result Martin Lindqvist, President & CEO Håkan Folin, CFO October 25, 2017 Agenda Q3/2017 and performance by division Financials
North American Steel Industry Recent Market Developments, Future Prospects and Key Challenges
North American Steel Industry Recent Market Developments, Future Prospects and Key Challenges OECD Steel Committee December 1-11, 29 Paris, France * American Iron and Steel Institute (AISI) Steel Manufacturers
Text. improvement in earnings. Textdemand drove continued
Good Textdemand drove continued improvement in earnings Text Presentation of the Q2/2018 results Martin Lindqvist, President & CEO Håkan Folin, CFO July 20, 2018 Agenda Market and demand trends Performance
Edinburgh June 2, Kepler Cheuvreux
Edinburgh June 2, 2017 Kepler Cheuvreux 2016: a year of progress, in line with our 2020 roadmap 2016 guidance 2016 actual Volumes Above-market growth +2.1% Operating income from recurring activities at
Group Economic Research /// Institutional Affairs 9 July 2018
Key figures Activity, sectors Population, labour market Public administrations External accounts Inflation, credit, interest rates Corporate accounts Economic forecasts p.3 p.4 p.5 p.6 p.7 p.8 p.9 p.10
EU steel market situation and outlook
75nd Session of the OECD Steel Committee Paris, 5th December 2013 EU steel market situation and outlook EU economy: on the road to recovery 2013: economy turned the corner in Q2 Indicators strengthening
Group Economic Research /// Institutional Affairs 12 November 2018
Key figures Activity, sectors Population, labour market Public administrations External accounts Inflation, credit, interest rates Corporate accounts Economic forecasts p.3 p.4 p.5 p.6 p.7 p.8 p.9 p.10
The Great Eastern Shipping Co. Ltd.
The Great Eastern Shipping Co. Ltd. 1 Forward looking information This presentation contains certain forward looking information through statements, which are based on management s current expectations
Group Economic Research /// Institutional Affairs 16 October 2018
Key figures Activity, sectors Population, labour market Public administrations External accounts Inflation, credit, interest rates Corporate accounts Economic forecasts p.3 p.4 p.5 p.6 p.7 p.8 p.9 p.10
Group Economic Research /// Institutional Affairs 19 March 2019
Key figures Activity, sectors Population, labour market Public administrations External accounts Inflation, credit, interest rates Corporate accounts Economic forecasts p.3 p.4 p.5 p.6 p.7 p.8 p.9 p.10
3rd Basic Materials Seminar, Exane BNP Paribas, London, March 19, ThyssenKrupp
3rd Basic Materials Seminar, Exane BNP Paribas, London, March 19, 2008 0 3rd Basic Materials Seminar, Exane BNP Paribas, London, March 19, 2008 1 Agenda Peter Urban Vice Chairman and CFO Steel AG Overview
UPDATE TO THE 2009 REGISTRATION DOCUMENT
COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Partnership limited by shares (commandite par actions) with capital of 298,735,946 Registered office: 12, cours Sablon, Clermont-Ferrand (Puy-de-Dôme), France
Results to September 30, 2012
Conference call November 5, 2012, 6:15pm Gilles MICHEL Chairman & Chief Executive Officer Michel DELVILLE Chief Financial Officer 1 November 5, 2012 I Disclaimer More comprehensive information about Imerys
Quarterly Economic Outlook: Quarter on 25 September 2018 Strong Economic Expansions amidst Uncertainty of Trade War
Foregin Direct Investment (Billion USD) China U.S. Asia World Quarterly Economic Outlook: Quarter 3 2018 on 25 September 2018 Strong Economic Expansions amidst Uncertainty of Trade War Thai Economy: Thai
Eurozone Economic Watch
BBVA Research - Global Economic Watch December 2018 / 1 Eurozone Economic Watch December 2018 Eurozone GDP growth still slows gradually, but high uncertainty could take its toll GDP growth could grow by
A STRATEGY GEARED TOWARDS GROWTH OPPORTUNITIES
A STRATEGY GEARED TOWARDS GROWTH OPPORTUNITIES Laurent Noual, CEG Member Corporate Development Analyst & Investor Day - Cuneo (Italy) October 5, 2011 Outline Solid Mid-Term Growth Outlook for the Tire
TransGraph Research Consulting Technology
Research Consulting Technology Agriculture Metals Energy Dairy Currency Economy Brands Medium term outlook on Lead July 217 2 Market Recap LME Lead remained weak last month but recovered towards the end
Investor presentation. May 2015
Investor presentation May 2015 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about ArcelorMittal and its subsidiaries. These statements include
Asset Allocation Monthly
For professional investors Asset Allocation Monthly October 2015 Joost van Leenders, CFA Chief Economist, Multi Asset Solutions joost.vanleenders@bnpparibas.com +31 20 527 5126 Uncertainty about US monetary
Media Presentation. 11th February 2009
Fourth quarter and annual results 2008 Media Presentation 11th February 2009 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about ArcelorMittal
MANAGEMENT S DISCUSSION AND ANALYSIS
Unless otherwise noted, all figures are taken from the consolidated financial statements and notes. U.S. dollar figures have been translated solely for the convenience of readers outside Japan at the rate
[ ] WEEKLY CHANGES AGAINST THE USD
![[ ] WEEKLY CHANGES AGAINST THE USD](/thumbs/83/87976656.jpg "[ ] WEEKLY CHANGES AGAINST THE USD")
February 12, 2018 [ ] MACRO & MARKETS COMMENTARY» In the early hours of last Friday, U.S Congress approved a major budget deal that opens the door for more increase in defense and non-defense spending
UC RUSAL ANNOUNCES 2017 SECOND QUARTER AND INTERIM RESULTS
Press-release UC RUSAL ANNOUNCES 2017 SECOND QUARTER AND INTERIM RESULTS Moscow, 25 August 2017 UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, announces
Figure 1 Global Economic Data
Global perspective Economic Research Research Department ARC Research Team Tel: 966 11 211 9370, devassyp@alrajhi-capital.com Global economic data improves, but outlook remains uncertain Medium-term risks
Results to September 30, 2010
1 Results to September 30, 2010 (non audited) Conference call November 3, 2010 d Gérard Buffière d Michel Delville Chief Executive Officer Chief Financial Officer Disclaimer 2 More comprehensive information
Consolidated Financial Statements for the First Half of the Fiscal Year Ending December 31, 2012 August 7, 2012
Consolidated Financial Statements for the First Half of the Fiscal Year Ending December 31, 2012 August 7, 2012 These financial statements, prepared in accordance with accounting principles generally accepted
Emerging markets and mining growth
Emerging markets and mining growth Aditya Mittal CFO and member of Group Management Board Plant Tour Brazil - 24-26 March 21 Disclaimer Forward-Looking Statements This document may contain forward-looking
Eurozone Economic Watch
BBVA Research Eurozone Economic Watch November 2018 / 1 Eurozone Economic Watch November 2018 Eurozone: Growth to recover in 4Q18, but concerns about the slowdown next year are growing Eurozone GDP growth
Financial Highlights: The First Quarter Ended June 30, Consolidated Financial Highlights ( from April 1, 2018 to June 30, 2018 )
Financial Highlights: The First Quarter Ended June 30, 2018 1. Consolidated Financial Highlights ( from April 1, 2018 to June 30, 2018 ) (All financial information has been prepared in accordance with
PLATINUM QUARTERLY PRESENTATION Q London 14 th May, 2018
PLATINUM QUARTERLY PRESENTATION Q1 2018 London 14 th May, 2018 COPYRIGHT AND DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER: This publication is general and solely for educational purposes. The publisher,
Third Quarter 2016 Conference Call. October 28, 2016
Third Quarter 2016 Conference Call October 28, 2016 Forward-Looking Statements Certain information contained in this presentation constitutes forward-looking statements for purposes of the safe harbor
STEEL MARKET DEVELOPMENTS
2 ND QUARTER 2011 by Laurent Daniel OECD, Paris Note for Israel The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by
FEBRUARY 12, ANNUAL RESULTS
FEBRUARY 12, 2018 2017 ANNUAL RESULTS 2017: another year of progress, in line with the 2020 objectives and the expected scenario H1 2017 H2 2017 2017 actual 2016 Volumes +3.6% +1.6% +2.6% +2.1% Price mix
Eurozone Economic Watch Higher growth forecasts for January 2018
Eurozone Economic Watch Higher growth forecasts for 2018-19 January 2018 Eurozone Economic Watch January 2018 Eurozone: Higher growth forecasts for 2018-19 Our MICA-BBVA model estimates a broadly stable
2014 dividend Proposed dividend payment up 29% to 2.20 euros per share, representing a payout rate of 30%
15.05 2014 sales up 9% to 12.7 billion euros Operating margin (1) up 15% to 7.2% of sales Net income up 28% to 4.4% of sales Order intake (2) up 18% to 17.5 billion euros Jacques Aschenbroich, Valeo's
EU steel market situation and outlook. Key challenges
70th Session of the OECD Steel Committee Paris, 12 13 May 2011 EU steel market situation and outlook http://www.eurofer.org/index.php/eng/issues-positions/economic-development-steel-market Key challenges
Summary of macroeconomic forecasts GDP Growth Inflation Curr. Account / GDP Fiscal balances / GDP
ECONOMIC RESEARCH DEPARTMENT Summary of macroeconomic forecasts GDP Growth Inflation Curr. Account / GDP Fiscal balances / GDP % 216 e 217 e 218 e 216 e 217 e 218 e 216 e 217 e 218 e 216 e 217 e 218 e
FINANCIAL HIGHLIGHTS. Brief report of the three months ended June 30, Kawasaki Kisen Kaisha, Ltd. [Two Year Summary] Consolidated
![FINANCIAL HIGHLIGHTS. Brief report of the three months ended June 30, Kawasaki Kisen Kaisha, Ltd. [Two Year Summary] Consolidated](/thumbs/80/80446923.jpg "FINANCIAL HIGHLIGHTS. Brief report of the three months ended June 30, Kawasaki Kisen Kaisha, Ltd. [Two Year Summary] Consolidated")
FINANCIAL HIGHLIGHTS Brief report of the three months ended June 30, 2016 [Two Year Summary] Consolidated Kawasaki Kisen Kaisha, Ltd. Three months Three months Three months June 30, 2016 June 30, 2015
Summary. Economic Update 1 / 7 May Global Global GDP growth is forecast to accelerate to 2.9% in 2017 and maintain at 3.0% in 2018.
Economic Update Economic Update 1 / 7 Summary 2 Global Global GDP growth is forecast to accelerate to 2.9% in 2017 and maintain at 3.0% in 2018. 3 Eurozone The eurozone s recovery appears to strengthen
Mining Strategic Progress - Exploiting our potential ArcelorMittal Mines Canada, June 29, 2015 Simon Wandke, Vice President Commercial
Mining Strategic Progress - Exploiting our potential ArcelorMittal Mines Canada, June 29, 2015 Simon Wandke, Vice President Commercial Disclaimer Forward-Looking Statements This document may contain forward-looking
[ ] WEEKLY CHANGES AGAINST THE USD
![[ ] WEEKLY CHANGES AGAINST THE USD](/thumbs/80/81644725.jpg "[ ] WEEKLY CHANGES AGAINST THE USD")
February 26, 2018 [ ] MACRO & MARKETS COMMENTARY» Federal Reserve officials see the economic growth and the acceleration of inflation as a good signal to continue to raise interest rate gradually over
[ ] WEEKLY CHANGES AGAINST THE USD
![[ ] WEEKLY CHANGES AGAINST THE USD](/thumbs/78/77362224.jpg "[ ] WEEKLY CHANGES AGAINST THE USD")
January 15, 2018 [ ] MACRO & MARKETS COMMENTARY» The European central bank (ECB) has indicated it should revisit its communication stance in early 2018, according to the ECB s minutes of December meeting
The Economic Realities for Industry
The Economic Realities for Industry Presented by: John Mothersole, Senior Principal Economist, IHS Global Insight Steve Zinger, Chemical Industry Research & Analysis, IHS George M. Magliano, Senior Principal
2015 3Q Result 28 Oct 2015 Business Management Team
2015 3Q Result 28 Oct 2015 This presentation is consolidated financial result in compliance with K-IFRS with unaudited 3 rd quarter of 2015 for investors convenience. Therefore, some parts may change upon
Financial Results for 1 st Quarter of Fiscal 2018
Financial Results for 1 st Quarter of Fiscal 2018 Bridgestone Corporation May 10, 2018 1. Business and Financial Performance for 1 st Quarter of Fiscal 2018 2. Consolidated Projections for 1 st Half of
FY 2017 First-Half Financial Results Briefing Material August 10, 2017 The Yokohama Rubber Co., Ltd.
FY 2017 First-Half Financial Results Briefing Material August 10, 2017 The Yokohama Rubber Co., Ltd. As just introduced, I am Goto Matsuo, head of the Corporate Finance & Accounting Dept. Thank you for
FINANCIAL HIGHLIGHTS Brief report of the six months ended September 30,2009.
FINANCIAL HIGHLIGHTS Brief report of the six months ended September 30,2009. [Two Year Summary] Kawasaki Kisen Kaisha, Ltd. Six months Six months Six months ended ended ended Sep.30, 2008 Sep.30, 2009
Economic Outlook June Economic Policy Division
Economic Outlook June 215 Economic Policy Division U.S. GDP Actual and Potential Quarterly, Q1 198 to Q4 215 Real GDP Trillion 29 Dollars Log Scale $18. Forecast $15. $12.5 Actual Potential $9. $6.5 198
Global Economy & Dry Bulk Outlook
Global Economy & Dry Bulk Outlook Dry Bulk Shipping Outlook dry bulk Coking coal Crude steel production Import & Export China & Global economy Trends and forecasts Iron ore Economic indicators Iron ore
Economic Outlook June Economic Policy Division
Economic Outlook June 215 Economic Policy Division U.S. GDP Actual and Potential Quarterly, Q1 198 to Q4 215 Real GDP Trillion 29 Dollars Log Scale $18. Forecast $15. $12.5 Actual Potential $9. $6.5 198
Fourth Quarter and Full Year 2017 Financial Results February 19, 2018
Fourth Quarter and Full Year 2017 Financial Results February 19, 2018 Trademark of Trinseo S.A. or its affiliates Introductions & Disclosure Rules Introductions Chris Pappas, President & CEO Barry Niziolek,
STEEL MARKET DEVELOPMENTS
4 TH QUARTER 2011 by Laurent Daniel and Anthony de Carvalho OECD, Paris Note for Israel The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities.
TRCC CANADA Monthly Bulletin. April 2014 issue
TRCC CANADA Monthly Bulletin April 2014 issue Executive Summary Butadiene: The US butadiene contract price marker posted by IHS Chemical rolled over at 69.8 cents per pound ($1,539 per ton) for April.
Asset Allocation Monthly
For professional investors Asset Allocation Monthly September 2015 Joost van Leenders, CFA Chief Economist, Multi Asset Solutions joost.vanleenders@bnpparibas.com +31 20 527 5126 Growth weakness in emerging
Minimizing Risk, Effective Hedging Amidst Uncertainty. Laura Hodges Director, Pricing and Purchasing Service Global Insight
Minimizing Risk, Effective Hedging Amidst Uncertainty Laura Hodges Director, Pricing and Purchasing Service Global Insight Global Insight Offers Several Ways to Minimize Risk Pull from the latest information
February market performance. Index. Index. Global economies
March 2016 Global equity markets continued to correct through February but stage an early March recovery Oil prices staged a strong recovery from mid-february up 37% China economic data continued to consolidate
MONTHLY COPPER BULLETIN
MONTHLY COPPER BULLETIN December-2010 10 th January 2011 LME SETTLEMENT SELLER AND SETTLEMENT, DECEMBER 2010 LME SETTLEMENT SELLER AND SETTLEMENT, 2010 DATE OFFICIAL MARKET DATA & PRICE INDICATORS (USD/t)
EUROZONE ECONOMIC WATCH JANUARY 2017
EUROZONE ECONOMIC WATCH JANUARY 2017 Key messages: some changes for the better Improving confidence in across the board shows the resilience of the eurozone to the various potentially disturbing political
First Quarter Questions and Answers
First Quarter 2015 Questions and Answers Forward-Looking Statements This document may contain forward-looking information and statements about ArcelorMittal and its subsidiaries. These statements include
Markets Overview Pulse Economic scenario
The slope of the US yield curve has flattened significantly this year despite Fed rate hikes In the past this has often been a harbinger of a major economic downturn In this cycle the signal coming from
North American Steel Industry Recent Market Developments, Future Prospects and Key Challenges
North American Steel Industry Recent Market Developments, Future Prospects and Key Challenges OECD Steel Committee June 8-9, 29 Paris, France * American Iron and Steel Institute (AISI) Steel Manufacturers
Interim Report Q3 2018
Interim Report Q3 2018 4 A KEY FIGURES Q3 Key Figures Group amounts in millions Q3 2018 Q3 2017 % change Revenue 40,211 40,745 2-1 1 Europe 16,151 16,682-3 thereof Germany 5,931 5,803 +2 NAFTA 11,743 11,525
WEEKLY CHANGES AGAINST THE USD MACRO & MARKETS COMMENTARY
July 10, 2017 [ W E E K LY E C O N O M I C C O M M E N TA R Y ] WEEKLY ANALYSIS FOR THE MOST CRITICAL ECONOMIC AND FINANCIAL DEVELOPMENTS MACRO & MARKETS COMMENTARY» The minutes of FOMC meeting in June
(Unaudited translation of Kessan Tanshin, provided for reference only) January 31, 2017
Financial Highlights: TheThird Quarter Ended December 31, 2016 1. Consolidated Financial Highlights ( from April 1, 2016 to December 31, 2016 ) (All financial information has been prepared in accordance
Investor Call Half-Year Results 2015
Investor Call Half-Year Results 2015 November 2, 2015 Michael Frick, Corporate EVP and CFO Philipp Kuckuck, Director Corporate Finance Highlights Successful business development in H1 2015 with above market
PLATINUM QUARTERLY PRESENTATION Q London 8 th March, 2018
PLATINUM QUARTERLY PRESENTATION Q4 2017 London 8 th March, 2018 COPYRIGHT AND DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER: This publication is general and solely for educational purposes. The publisher,
2011 Annual Results. Martin Hirzel, Chief Executive Officer (CEO)
2011 Annual Results Martin Hirzel, Chief Executive Officer (CEO) Independent company since May 13, 2011 Autoneum successfully mastered its first year of independence in 2011 and enjoys the ongoing confidence