LANXESS Bank of America Merrill Lynch European Chemicals Conference A solid growth story
|
|
- William Eaton
- 5 years ago
- Views:
Transcription
1 LANXESS Bank of America Merrill Lynch European Chemicals Conference A solid growth story Matthias Zachert, CFO London, December 2-3, 2010
2 Safe harbor statement This presentation contains certain forward looking statements, including assumptions, opinions and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of the company to differ materially from the estimations expressed or implied herein. The company does not guarantee that the assumptions underlying such forward looking statements are free from errors nor do they accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecasted developments. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and, accordingly, none of the company or any of its parent or subsidiary undertakings or any of such person s officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document. Chart 2 Agenda Strategy recap LANXESS positioned to benefit from global growth trends Financial overview Q Outlook/Guidance Chart 3
3 LANXESS A leading specialty chemicals company based on three powerful segments LANXESS Energizing Chemistry Performance Polymers Advanced Intermediates Performance Chemicals Globally No. 1-3 Europe No. 1-2 No. 1-4 in niches Global technology leader in synthetic rubber and polyamide based engineering plastics Leading suppliers of custom synthesis and intermediate building blocks (agrochem-related) Application-orientated specialty chemicals Strong brands and technology leader Megatrend Mobility Megatrend Agro Megatrend Urbanization Megatrend Water Competitiveness across the portfolio * pre exceptionals Chart 4 Portfolio management has continuously strengthened the company bn of sales divested Divested Acquired Date Leadership Position Cyclicality Profitability Expectation Fibers 2005 Weak High Low Paper 2005 Moderate Moderate Medium Textile Processing Chem Weak Moderate Medium Lustran Polymers 2007 Good High Low CISA 2006 Good Low High Petroflex 2007 Good Low High Jinzhuo Chemicals (IPG) 2008 Good Moderate High Gwalior Chemicals (BAC) 2009 Good Low High Jiangsu Polyols (BAC) 2009 Good Low High Chart 5
4 LANXESS Improvement trend of financials, based on strategy implementation In m EBITDA * pro forma data only ~900 Net financial debt 1,429 1, Net fin. debt / EBITDA * 4.6x 2.5x 1.2x 0.8x 0.6x 1.2x 1.7x Gearing 128% 101% 54% 36% 30% 65% 55% Underlying EPS ** >4.24 Continued performance improvement * pre exceptionals ** EPS pre exceptionals, based on actual taxrate 2008 data adjusted for change in pension accounting Chart 6 Agenda Strategy recap LANXESS positioned to benefit from global growth trends Financial overview Q Outlook/Guidance Chart 7
5 Great untapped potential in Asia Car ownership and population Asia compared to Europe and US Passenger cars per 1,000 inhabitants Dynamics There are ~300m Americans Population in millions 796 2,900 In the US, of every 1000 people ~800 own a car 548 There are ~3bn Asians In Asia of every 1000 people ~40 own a car Western Europe United States Asia Solid long-term growth potential from Asia Source: Michelin estimates Chart 8 Tire producers are reacting swiftly Bridgestone Thailand: plus ~2.0 m tires/year China: plus ~1.3 m tires/year India: plus ~3.6 m tires/year plus ~1.1 m truck tires/year New plant in China ~ 52 m investment ~2.1 m tires/year New plant in China ~ 72 m investment ~2.0 m tires/year New plant in China ~ 230 m investment ~10.8 m tires/year New plant in China 185 m investment ~4.0 m tires/year Russia: ~4.2m tires/year Romania: expanding capacity by 60% China: doubling car tire capacity, truck tire capacity +20% LatAm: car tire capacity +20%, truck tire capacity +25% New plant in Hungary: 230 m investment 10.0 m tires/year Investments in China and Brazil Taiwan: ~5.5 m tires/year Additional increases in China, Thailand and Vietnam New plants in China and India ~ 1,300 m investment New plant in Brazil 300 m investment Increase capacity in Russia 2.0 m tires/year Source: Companies websites Chart 9
6 New EU tire legislation will increase transparency of tire performance and thus reinforce high performance tire trend Labeling regulations EU: as of November 2012, new tires will be labeled for - fuel efficiency - wet grip - noise performance Labeling classes from A to G will influence consumer behavior Japan: leading tire producers with voluntary commitment for labeling in 2010 South Korea with voluntary labeling program in 2011 U.S.: legislative initiatives Tire producers preparing for new requirements Grip Safety Rolling resistance Fuel efficiency Nd-PBR gaining importance in PBR sales Durability Source: Press release European Parliament Chart 10 Share of high performance tires to grow further 2 Performance tires with solid growth prospects Global tire production [bn units] Standard tires (High-)performance tires Acceleration of growth of high performance tires Increase by 53% of share of high performance tires in next five years 1 ~ +25% ~ +53% e 2015e Solid demand for tires Sources: JD Power; Chart 11
7 Strengthening butyl with a world-scale production facility in Singapore and smart debottlenecking in Belgium Performance Polymers Advanced Intermediates Performance Chemicals Facts Greenfield BTR plant, Singapore, ~200 employees Capacity: 100 kt/a Start of production: Q Debottlenecking in Belgium, capacity increase 14 kt/a Market perspective Market growth stronger than GDP growth Supply / demand balanced to tight New world-scale plant needed every ~3 years Rationale Strengthening market position among top leaders Most competitive BTR site Ideal infrastructure / raw material supply Attractive tax regime Improving natural hedge against FX fluctuations BTR greenfield plant and debottlenecking CAPEX ~ 420 m Project ROCE* Expected sales Sales multiple > 330 m 1.3x above group average * ROCE in average profitability year Chart 12 BU PBR debottlenecking for Nd-PBR as efficient option to expand into a growing market Performance Polymers Advanced Intermediates Performance Chemicals Facts Debottlenecking of ~50 kt Nd-PBR in Cabo, Brazil; Dormagen, Germany and Orange, USA Capacities on stream between Q and Q Project CAPEX: ~ 20 m only Market perspective Market growth ~10% Supply / demand balanced to tight Rationale Nd-PBR as global standard for high-performance tires Underpins LANXESS leading position in merchant rubber market Attractive payback time of investment <5 years Orange +15 kt Nd-PBR Cabo +20 kt Nd-PBR CAPEX ~ 20 m Project ROCE* Debottlenecking of Nd-PBR Pt. Jérôme SSBR Expected sales Dormagen +15 kt Nd-PBR Sales multiple ~ 70 m ~0.3x above group average * ROCE in average profitability year Chart 13
8 BU SCP Investing in upstream-integration to strengthen focus on high-tech plastics end-compounds Performance Polymers Advanced Intermediates Performance Chemicals Facts Investments in - compounding in Wuxi, China and Jhagadia, India - caprolactam and KA-oil in Antwerp, Belgium Capacities on stream in 2011 Total CAPEX of projects: ~ 50 m Market perspective Market growth of high-tech plastics expected >6% Supply / demand balanced to tight Rationale Expansion of upstream-integration secures efficient raw material supply Expansion of compounding in India and China serves rapidly growing demand CAPEX ~ 50 m Project ROCE* SCP investments into growth Expected sales Sales multiple ~ 80 m ~0.6x above group average * ROCE in average profitability year Chart 14 Investing in mega trend clean water ensures long-term growth for ION Growing demand trend for clean water Population growth in Asia Purification of available water is Increasing urbanization mandatory to satisfy future demand Rising energy consumption New plant in Germany 30 m investment in new ION facility in Bitterfeld Pioneering of new membrane filtration technology Creation of 200 jobs First products to be launched in course of 2011 New plant in India 30 m investment in new ION plant in Jaghadia Construction well on schedule, completion in workers employed by LANXESS on site Most modern plant of its kind in Asia Strong commitment to strategic water treatment business Chart 15
9 Organic growth through ongoing targeted investments Investment projects (scheduled to come on stream) Growth projects End 2010 ION: New ion exchange resins plant, Jhagadia, IN End 2010 FCC: Expansion of Mesamoll, Krefeld, GE 2011 SCP: New compounding plant, Jhagadia, IN Add. compounding capacities, Wuxi, CN Q4 2010/ 2011 IPG: Expansion of iron oxides, Shanghai, CN Porto Feliz, BR Q Q Nd-PBR: Debottlenecking, Dormagen, GE, Port Jérôme, FR, Orange, US & Cabo, BR Start 2011 RCH: New plant for rubber additive, N. Novgorad, RU Acquisition of selected parts of Flexsys accelerators business Q BAC: New Formalin plant, Uerdingen, GE Q ION: New membrane plant, Bitterfeld, GE Q BTR: Debottlenecking, Antwerp, BE H TRP / TSR JV: New NBR plant, Nantong, CN Q BTR: New world scale plant, Singapore H TRP: Debottlenecking of EVM, Dormagen, GE Chart 16 Agenda Strategy recap LANXESS positioned to benefit from global growth trends Financial overview Q Outlook/Guidance Chart 17
10 Q financial overview: another growth quarter [ m] Q Q Q yoy in % Sales EBITDA pre except. margin 1, % 1, % 794 1,096 14,338 1, % 865 1,485 14, % 70.6% Net income Capex* >100% >100% [ m] % vs. FY Net financial debt Net working capital Employees 864 1,289 14, % 35.5% 1.4% Q3 sales on Q2 level and increased 35% year on year EBITDA held back vs. Q2 due to maintenance turnarounds and reduced Challenge09-12 support Working capital increase in line with current business activity, inventory pricing and currency development Slight rise in headcounts due to announced growth projects Literally no summer softening leads to a solid and continued performance * Net of projects financed by customers and finance lease Chart 18 Price-before-volume strategy successful Q3 yoy sales variances Price Volume Currency Portf. Total Performance Polymers 30% 11% 9% 0% Advanced Intermediates 6% 4% 4% 4% Performance Chemicals 4% 10% 7% 0% 50% 18% 21% Simultaneous price and volume increases in tandem in all segments Operational growth of 26% LANXESS 17% 9% 7% 1% 35% Q3 yoy EBITDA bridge [ m] Q Volume Price Input costs Others Q Timely implementation of price increases overcompensates rise in input costs Other costs contain currency benefit, overcompensated by absence of savings from Challenge09-12 Chart 19
11 Agenda Strategy recap LANXESS positioned to benefit from global growth trends Financial overview Q Outlook/Guidance Chart 20 Full year guidance increased to ~ 900 m EBITDA pre Current macro view Global markets continue their recovery, highest momentum remains in emerging markets Good business environment expected to continue, however macroeconomic risks from high fiscal debt levels and currency volatilities remain LANXESS expects 2010 well ahead of pre-crisis year 2008 Challenge09-12 compensation payment to workforce for exceptional 2010 recovery (~ 20 m) EBITDA pre FY 2010 is expected to be roughly 900 m assuming continued positive macroeconomic development Chart 21
12 * Excluding exceptionals ** Net * financial Excluding debt exceptionals excluding pensions: financial obligations (including convertible) less cash & cash equivalents ** Net financial debt excluding pensions: financial obligations (including convertible) less cash *** The financial & cash equivalents targets do not include any impact of potential divestments *** The financial targets do not include any impact of potential divestments Analyst Conference LANXESS Chart-No. 10 Analyst Conference LANXESS Chart-No. 10 * EBITDA figures pre exceptionals; excluding acquisitions Achievement of all targets set in the past Good Start in 2004 Realistic Good Start Short-term in 2004 Targets Realistic Short-term Targets Media/Analyst Conference November Target*** 2004 Target*** 2006 Target*** Target*** EBITDA* Margin < 5% ~ 7% 9-10% EBITDA* Margin < 5% ~ 7% 9-10% CapEx / Sales CapEx / Sales Net Financial Debt** / EBITDA* Net Financial Debt** / EBITDA* ~ 5% 4-5% ~4% ~ 5% 4-5% ~4% ~ 4.5 < 3 < 2.5 ~ 4.5 < 3 < spin-off target achieved in 2006 and LANXESS will deliver on new ambitious targets LANXESS Business EBITDA* margin: Peer group profitability in 2009 (currently 12-14%) No business < 5 % EBITDA* margin in 2009 Media/Analyst Conference November CMD target achieved in 2008 Finance Investment grade rating Chart 22 In 2015 LANXESS will strive for an EBITDA of ~ 1.4 billion New EBITDA target bridge [ m] Performance Polymers BTR Singapore and debottlenecking PBR debottlenecking of Nd-PBR SCP caprolactam and compounding Advanced Intermediates BAC expansions ~ 1,100 ~ 1,400 Additional EBITDA will be the result of: - announced CAPEX projects - additional organic and external growth over next five years ~800 Performance Chemicals ION India and Germany 2010 * Additional organic and external growth 2015 Reaching a new profit level References to EBITDA are pre exceptionals; projects are exemplary * As communicated at LANXESS capital markets day Chart 23
13 Chart 24 Additional financial guidance Additional financial information for 2010 Capex : ~ m Hedging 2010 : ~40% at USD / EUR 2011 : ~30% at USD / EUR Tax rate : 20 to 25% Exceptionals : ~ 20 m P&L expenses / one time costs Cash outs : ~ 40 m for restructuring Challenge09-12 : additional expenses of ~20 m in H2 2010, ~ 50 m in 2011 vs Chart 25
14 Portfolio management allows for regrouping of LANXESS businesses along chemical segmentation Performance Polymers Advanced Intermediates Performance Chemicals Butyl Rubber Performance Butadiene Rubbers Technical Rubber Products Semi-Crystalline Products Basic Chemicals Saltigo Material Protection Products Inorganic Pigments Functional Chemicals Leather RheinChemie Rubber Chemicals Sales: > 500 mn Sales: 200 mn 500 mn Sales: < 200 mn Ion Exchange Resins Chart 26 LANXESS has a broad customer portfolio with varying demand patterns LANXESS sales distribution by industry, 2009 Others Tires Construction Agro Chemicals Automotive Consumer Goods Chart 27
15 Strongest growth in Latin America Sales by region [%] Regional development of sales [ m] 1,847 Operational development* LatAm 15 Asia 22 North America 18 Germany 18 EMEA (without Germany) 27 Asia LatAm North America EMEA (excl. Germany) Germany 408 1, % % % % % 340 Q Q % 68% 45% 22% 22% * Currency and portfolio adjusted Chart 28 Performance Polymers: strong price increases and solid volumes EBITDA held back by maintenance turnarounds [ m] Q Q Sales EBIT Depr. / Amort. EBITDA EBITDA pre exceptionals Margin Capex * % % 54 Sales by BU BTR PBR All BUs manage successful price increases, Risen raw material prices, especially Butadiene, fully pushed through Volumes higher in almost all BUs Some support from currencies vs Planned maintenance turnarounds in BTR and PBR have respective cost and margin impact on segment level Capex rises on new BTR plant, notable increase also planned for Q4 Sales bridge year on year [ m] +30% +11% +9% +0% SCP TRP Q (approximate numbers) Price Volume Currency Portfolio Q * Net of finance lease Chart 29
16 Advanced Intermediates: strong performance despite agro weakness [ m] Q Q Sales EBIT Depr. / Amort. EBITDA EBITDA pre exceptionals Margin Capex * % % 24 Sales by BU SGO Overall, prices and volumes increased Demand from agro end-markets remains soft albeit with some light at the end of the tunnel, however no relief before beginning of next year Positive view on underlying agrochemical trends intact Portfolio effect reflects Gwalior & Jiangsu Polyols acquisitions New BAC cresol capacities contribute to earnings Segment EBITDA and margins continue stable development Capex increase mainly due to formalin project in BAC 284 Sales bridge year on year [ m] +6% +4% +4% +4% 336 BAC * Net of projects financed by customers Q (approximate numbers) Price Volume Currency Portfolio Q Chart 30 Performance Chemicals: EBITDA improvement and solid margin based on price and volume increases [ m] Q Q Sales EBIT Depr. / Amort. EBITDA EBITDA pre exceptionals Margin Capex % % 25 Sales by BU RUC ION MPP IPG RCH LEA FCC Sales strongly improved on solid volumes as well as good pricing with further support from currencies All businesses with operational sales growth LEA, RUC and FCC with highest contribution to EBITDA improvement, almost no seasonal effects IPG with solid growth, beating a soft construction market LEA business benefits from chrome ore pricing Capex mainly reflects expansion projects of BU ION as well as expansion of Mesamoll production in BU FCC 425 Sales bridge year on year [ m] +4% +10% +7% +0% 515 (approximate numbers) Q Price Volume Currency Portfolio Q Chart 31
17 Balance sheet a strong financial backbone [ m] Dec 31, 2009 Sep 30, 2010 Dec 31, 2009 Sep 30, 2010 Non-current Assets 2,382 2,546 Intangible assets Property, plant & equipment 1,809 1,898 Equity investments Other investments 1 8 Other financial assets Deferred taxes Other non-current assets Current Assets 2,686 3,034 Inventories 849 1,096 Trade accounts receivable Other financial assets Other current assets Near cash assets Cash and cash equivalents Total Assets 5,068 5,580 Stockholders Equity 1,445 1,710 thereof minority interest Non-current Liabilities 2,504 2,547 Pension & post empl. provis Other provisions Other financial liabilities 1,462 1,327 Tax liabilities Other liabilities Deferred taxes Current Liabilities 1,119 1,323 Other provisions Other financial liabilities Trade accounts payable Tax liabilities Other liabilities Total Equity & Liabilities 5,068 5,580 Working capital increase in line with stronger business activity Overall, foreign currencies with inflationary influence on balance sheet positions (USD and Brazilian Real) Increase in pension provisions due to lowered discount rates for Germany (5.00% to 4.50%) Chart 32 Solid business performance provides strong cash flow [ m] 9M M 2010 Profit before Tax Depreciation & amortization Gain from sale of assets Result from equity investments Financial (gains) losses Cash tax payments / refunds Changes in other assets and liabilities Operating cash flow before changes in WC Changes in working capital Operating cash flow Investing cash flow thereof capex Financing cash flow Solid cash generation Profit before tax above previous year due to significantly improved demand situation Cash outs for tax payments due to higher profit before tax Outflow for working capital in line with business recovery and higher raw material prices Almost unchanged net working capital and business activity versus Q PY investing cash flow contains investment in near cash assets Chart 33
18 A solid year of business recovery 9M yoy sales variances Price Volume Currency Portf. Total Performance Polymers 29% 34% 4% 0% Advanced Intermediates 5% 6% 2% 6% Performance Chemicals 0% 27% 4% 0% LANXESS 14% 25% 3% 1% 9M yoy EBITDA bridge [ m] 321 9M Volume Price Input Costs Others 9M % 19% 31% 44% Solid pick up in volumes in tandem with prices Positive portfolio effect after acquisitions of Gwalior and Jiangsu Polyols Substantial price and volume increases drive earnings Price before volume intact Other costs increase on hedging expenses and absence of Challenge09-12 Chart 34 Strong demand meets a flexible and adjusted cost structure [ m] 9M M 2010 yoy in % Sales 3,665 (100%) 5,288 (100%) 44% Cost of sales -2,884 (79%) -3,960 (75%) 37% Selling -386 (11%) -470 (9%) 22% G&A -171 (5%) -197 (4%) 15% R&D -75 (2%) -89 (2%) 19% EBIT 106 (3%) 529 (10%) >100% Net income 26 (1%) 353 (7%) >100% EPS >100% EBITDA 300 (8%) 733 (14%) >100% thereof exceptionals -21 (1%) -13 (0%) -38% EBITDA pre exceptionals 321 (9%) 746 (14%) >100% Delivering a solid performance Strong sales increase on the back of significant volumes (+25%) and good pricing (+14%) as well as supporting currency (+3%) and portfolio (+1%) effects Operational expenses increase with risen business activity but disproportionately to sales Strong EBITDA pre due to good demand as well as flexible and adjusted cost base Chart 35
19 Performance Polymers: on the growth track [ m] 9M 2009 Sales 1,663 EBIT 26 Depr. / Amort. 99 EBITDA 125 EBITDA pre exceptionals 136 Margin 8.2% Capex * 81 Sales by BU SCP BTR 9M , % 106 All BUs manage successful price increases, motivated by higher raw material prices especially Butadiene Some support from currencies Volumes higher in all BUs Risen raw material prices fully pushed through Leadership positions of businesses lead to attractive margins Capex rises on new BTR plant, increase also planned for Q4 Sales bridge year on year [ m] 29% 34% 4% 0% 2,772 1,663 TRP PBR 9M 2009 (approximate numbers) Price Volume Currency Portfolio 9M 2010 * 2009 net of finance lease Chart 36 Advanced Intermediates: strong performance despite agro weakness [ m] 9M M 2010 Sales EBIT Depr. / Amort. EBITDA EBITDA pre exceptionals Margin Capex * % % 35 Sales by BU SGO Sales increase on the back of positive effects from volume, portfolio and pricing Portfolio effect reflects acquisitions in BU BAC Demand from agro end-markets remains soft albeit with some light at the end of the tunnel, however no relief before beginning of next year New BAC cresol capacities contribute to earnings Segment EBITDA and margins continue stable development Positive view on underlying agrochemical trends intact Sales bridge year on year [ m] 5% 6% 2% 6% BAC * Net of projects financed by customers 9M 2009 (approximate numbers) Price Volume Currency Portfolio 9M 2010 Chart 37
20 Performance Chemicals: volume-driven recovery of specialty chemicals [ m] 9M M 2010 Sales EBIT Depr. / Amort. EBITDA EBITDA pre exceptionals Margin Capex 1, % 51 1, % 57 Sales by BU RUC ION MPP IPG Sales improved on strong volumes and some support by currency effects All businesses with operational sales growth as markets continue their recovery Strong performance in absolute EBITDA IPG, LEA and RUC with highest contribution to yoy EBITDA improvement Capex contains expansion projects of BU ION 1,148 Sales bridge year on year [ m] 0% 27% 4% 0% 1,507 RHC LEA FCC 9M 2009 (approximate numbers) Price Volume Currency Portfolio 9M 2010 Chart 38 Lean cost structure maintained amid higher business activity [ m] Q Q yoy in % Sales 1,373 (100%) 1,847 (100%) 35% Cost of sales -1,050 (76%) -1,387 (75%) 32% Selling -135 (10%) -166 (9%) 23% G&A -57 (4%) -70 (4%) 23% R&D -26 (2%) -34 (2%) 31% EBIT 64 (5%) 169 (9%) >100% Net income 23 (2%) 118 (6%) >100% EPS >100% EBITDA 130 (10%) 238 (13%) 83% thereof exceptionals -13 (1%) -6 (0%) -54% EBITDA pre exceptionals 143 (10%) 244 (13%) 71% Strong Q3 sales - on Q2 level, withstanding typical seasonal pattern Sales increased yoy on higher prices (+17%) and volumes (+9%) as well as currency (+7%) and portfolio (+1%) effects Cost of sales, selling and G&A expenses show effects of ongoing cost discipline in a recovery environment Strong improvement in EBITDA pre due to ongoing healthy demand in all segments Chart 39
21 Strong cash flow based on solid business performance [ m] Q Q Profit before Tax Depreciation & amortization Gain from sale of assets 0 0 Result from equity investments Financial (gains) losses Cash tax payments / refunds 7-48 Changes in other assets and liabilities Operating cash flow before changes in WC Changes in working capital Operating cash flow Investing cash flow thereof capex Financing cash flow Solid cash generation Profit before tax above previous year due to significantly improved demand situation Cash outs for tax payments from higher profit before tax No significant effects from working capital due to unchanged business activity versus Q PY investing cash flow contains investment in near cash assets Chart 40 No major refinancing needs until 2012 Long term financing secured Long maturity profile Dependency on banks reduced Ample liquidity in place to finance growth projects (i.e. Singapore plant, etc.) Liquidity and maturity profile Short-term facilities Bond Bond Bond Synd. Credit Facility 1.4 bn Cash & Cash equivalents Near-cash assets Financial liabilities Access to unconditioned liquidity is a valuable asset Chart 41
22 Strict CAPEX allocation criteria ensure continuous improvement of profitability Performance Organic investment External growth Summary & conclusion [ m] [EBITDA* margin] > 15% 10-15% 5-10% < 5% CAPEX split by profitability of BUs ~25% ~20% ~35% ~20% ~40% ~30% ~25% ~5% ~55% ~40% ~5% * e* 70% CAPEX by type 40% e Expansion / others 60% 30% ROCE of historic CAPEX above 25% Maintenance * Based on average CAPEX and average EBITDApre margins by BU for respective time frame Chart 42 Strong focus on growth markets Performance Organic investment External growth Summary & conclusion Strategic development of asset base* to Asia and Latin America LANXESS sales 72% 61% 20% 13% North America 5% 14% 3% 12% EMEA Asia 10.1% 23.9% 2005 H Latin America e incl. Singapore Sales LANXESS Share of sales in BRIC Optimized regional asset base Share of sales in BRIC doubled since 2005 Chart 43
23 Is LANXESS a swing producer? Tire manufacturers produce insufficient synthetic rubber for their captive use Rubber producing capabilities of selected tire manufacturers: Importance in LANXESS portfoilio major major minor major major Michelin Goodyear Bridgestone Continental Pirelli Hankook BTR none none none none none none PBR 1 little 2 none capable none none none S-SBR capable capable capable none none none E-SBR little capable capable none none none NBR none none none none none none LANXESS is not a swing producer 1 Nd-PBR 2 Know how present, licensing to others Chart 44 Does natural rubber cannibalize synthetic rubber? Risk of substitution Low substitution risk High substitution risk BTR PBR 1 S-SBR E-SBR NBR EPDM Overall, very limited substitution possibility 1 Nd-PBR Chart 45
24 Exceptional items incurred in Q and Q [ m] Q Q Exceptional thereof D&A Exceptional thereof D&A Performance Polymers Advanced Intermediates Performance Chemicals Reconciliation Total Chart 46 Exceptional items incurred in 9M 2009 and 9M 2010 [ m] 9M M 2010 Exceptional thereof D&A Exceptional thereof D&A Performance Polymers Advanced Intermediates Performance Chemicals Reconciliation Total Chart 47
25 Abbreviations Performance Polymers Advanced Intermediates BTR PBR TRP SCP Butyl Rubber Performance Butadiene Rubbers Technical Rubber Products Semi-Crystalline Products BAC SGO Basic Chemicals Saltigo Performance Chemicals MPP IPG FCC LEA RCH RUC ION Material Protection Products Inorganic Pigments Functional Chemicals Leather Rhein Chemie Rubber Chemicals Ion Exchange Resins Chart 48 Upcoming events 2011 Upcoming events FY results 2010 March 17, 2011 Q1 results 2011 May 11, 2011 AGM May 18, 2011 Q2 results 2011 August 11, 2011 Q3 results 2011 November 10, 2011 Chart 49
26 Contact detail Investor Relations Oliver Stratmann Head of Investor Relations Tel. : Fax. : Mobile : Oliver.Stratmann@lanxess.com Verena Simiot Assistant Investor Relations Tel. : Fax. : Mobile : Verena.Simiot@lanxess.com Tanja Satzer Constantin Fest Joachim Kunz Private Investors / AGM Tel. : Fax. : Mobile : Tanja.Satzer@lanxess.com Institutional Investors / Analysts Tel. : Fax. : Mobile : Constantin.Fest@lanxess.com Institutional Investors / Analysts Tel. : Fax. : Mobile : Joachim.Kunz@lanxess.com
LANXESS FY 2010 Roadshow Driving growth
LANXESS FY 2010 Roadshow Driving growth Dr. Axel C. Heitmann, CEO Safe harbor statement This presentation contains certain forward-looking statements, including assumptions, opinions and views of the company
More informationLANXESS Oddo Midcap Forum 2011 A solid growth story
LANXESS Oddo Midcap Forum 2011 A solid growth story Investor Relations Lyon, January 6-7, 2011 Safe harbor statement This presentation contains certain forward looking statements, including assumptions,
More informationLANXESS FY 2011 Results Conference Call Price-before-volume key to a successful year
LANXESS FY Results Conference Call Price-before-volume key to a successful year Axel C. Heitmann, CEO Bernhard Duettmann, CFO Safe harbor statement This presentation contains certain forward-looking statements,
More informationEnergizing chemistry for accelerated growth
LANXESS - UniCredit German Investment Conference Energizing chemistry for accelerated growth Matthias Zachert, CFO Munich, September 23, 2010 Safe harbor statement This presentation contains certain forward
More informationLANXESS Morgan Stanley Global Chemicals Conference Delivering on growth expectations
LANXESS Morgan Stanley Global Chemicals Conference Delivering on growth expectations Oliver Stratmann, Head of Investor Relations New York, November 17, 2011 Safe harbor statement This presentation contains
More informationLANXESS German Investment Seminar Improved demand and effective self-help measures. Matthias Zachert Chief Financial Officer
LANXESS German Investment Seminar Improved demand and effective self-help measures Matthias Zachert Chief Financial Officer January, 2010 Safe harbour statement This presentation contains certain forward-looking
More informationLANXESS AG. Strong pricing and volume increase. Dr. Bernhard Düttmann, CFO. Commerzbank Sector Conference Week Chemicals Frankfurt August 30, 2011
LANXESS AG Strong pricing and volume increase Commerzbank Sector Conference Week Chemicals Frankfurt August 30, 2011 Dr. Bernhard Düttmann, CFO Safe harbor statement This presentation contains certain
More informationLANXESS Cheuvreux German Corporate Conference Improved demand and effective self-help measures. Matthias Zachert Chief Financial Officer
LANXESS Cheuvreux German Corporate Conference Improved demand and effective self-help measures Matthias Zachert Chief Financial Officer Frankfurt, January 18, 2010 Safe harbour statement This presentation
More informationLANXESS Q Financial Summary for Investors and Analysts
LANXESS Q2 2007 Financial Summary for Investors and Analysts EBITDA pre exceptionals rises by 5.0% EBITDA margin pre exceptionals at 12.2% compared to 11.5% EBIT pre exceptionals increases by 9.4% Sales
More informationLANXESS FY/Q Financial Summary for Investors and Analysts
LANXESS FY/Q4 2016 Financial Summary for Investors and Analysts Summary FY 2016 Transformation gains traction Significant strategic evolution of the company with the establishment of ARLANXEO Integration
More informationLANXESS Q results
LANXESS Q2 2017 results Performing in the new LANXESS structure Matthias Zachert, CEO Michael Pontzen, CFO Safe harbor statement The information included in this presentation is being provided for informational
More informationLANXESS Q results
LANXESS Q1 2018 results New LANXESS shows visible organic earnings growth Matthias Zachert, CEO Michael Pontzen, CFO Safe harbor statement The information included in this presentation is being provided
More informationLANXESS Capital Markets Day 2010 Energizing Chemistry for Accelerated Growth. Axel C. Heitmann, CEO
LANXESS Capital Markets Day 2010 Energizing Chemistry for Accelerated Growth Axel C. Heitmann, CEO Duesseldorf, September 16, 2010 Agenda Strong platform for growth Capitalizing on four megatrends Strategy
More informationLANXESS Q results Continued execution
LANXESS Q2 2018 results Continued execution Matthias Zachert, CEO Michael Pontzen, CFO Safe harbor statement The information included in this presentation is being provided for informational purposes only
More informationLANXESS Bankhaus Lampe German Equity Forum 2016
LANXESS Bankhaus Lampe German Equity Forum 2016 Investor Relations London, February 2016 Safe harbor statement The information included in this presentation is being provided for informational purposes
More informationLANXESS Q Financial Summary for Investors and Analysts
LANXESS Q3 2017 Financial Summary for Investors and Analysts Q3 2017 Overview Another strong quarter Growing organically and inorganically Q3 2017 Q3 2016 Comments Sales +25% 2,404 m 1,921 m Chemtura,
More informationLANXESS AG Executing on Strategy and Operations
LANXESS AG Executing on Strategy and Operations 17 th Annual Citigroup Chemicals Conference New York, December 5 th 6 th, 2006 Matthias Zachert, CFO Conference 2006 Chart-No. 1 Safe harbour statement This
More informationMeeting the Management 2017 The road ahead expanding our strengths. Matthias Zachert, CEO
Meeting the Management 2017 The road ahead expanding our strengths Matthias Zachert, CEO Safe harbor statement The information included in this presentation is being provided for informational purposes
More informationThe New LANXESS: Stable, profitable and on a path of growth. Annual Press Conference 2017
The New LANXESS: Stable, profitable and on a path of growth Annual Press Conference 2017 1 Safe harbor statement The information included in this presentation is being provided for informational purposes
More informationLANXESS FY 2017 results Solid ending to a strong year
LANXESS FY 2017 results Solid ending to a strong year Matthias Zachert, CEO Michael Pontzen, CFO Safe harbor statement The information included in this presentation is being provided for informational
More informationPrice: +5% Volume: +1% FX: -4% Portfolio: +6% Q Q Comments. Net Income >100% 126 m 3 m EPS includes 50% contribution of ARLANXEO
Q2 2018 Continued execution Financial Summary for Investors and Analysts Q2 2018 Overview of LANXESS Group Price: +5% Volume: +1% FX: -4% Portfolio: +6% Q2 2018 Q2 2017 Comments Sales +7% 1,829 m 1,712
More informationLANXESS AG 10 th German Investment Seminar
LANXESS AG 10 th German Investment Seminar Matthias Zachert, CFO January 2008 December 2007 Q3 2007 Roadshow Presentation Chart-No. 1 Safe harbour statement This presentation contains certain forward-looking
More informationLANXESS Q proves resilience
LANXESS Q4 2018 proves resilience A successful year: promise and delivery Matthias Zachert, CEO Michael Pontzen, CFO Safe harbor statement The information included in this presentation is being provided
More informationPrice: +4% Volume: +1% FX: 0% Portfolio: +0% Δ Q Q Comments. Jun ,633 m
Q3 2018 Delivering despite challenging environment Financial Summary for Investors and Analysts Q3 2018 Overview of LANXESS Group Price: +4% Volume: +1% FX: 0% Portfolio: +0% Δ Q3 2018 Q3 2017 Comments
More informationNews Release. LANXESS to exceed EUR 1 billion EBITDA in 2011
to exceed EUR 1 billion EBITDA in 2011 Q1 EBITDA pre EUR 322 million, up 38% Q1 sales EUR 2.1 billion, up 29% yr-on-yr Q1 net profit EUR 166 million, up 60% Greater China sales EUR 223 million, up 18%
More informationSell-side Analyst Roundtable 2018
Sell-side Analyst Roundtable 2018 Building our future CEO Matthias Zachert CFO Michael Pontzen Safe harbor statement The information included in this presentation is being provided for informational purposes
More informationQ Roadshow The road ahead expanding our strengths
Q2 2017 Roadshow The road ahead expanding our strengths Matthias Zachert, CEO Safe harbor statement The information included in this presentation is being provided for informational purposes only and does
More informationLANXESS AG. Cheuvreux - 5 th German Corporate Conference. Schlosshotel Kronberg, January 16, Matthias Zachert (CFO)
LANXESS AG Cheuvreux - 5 th German Corporate Conference Schlosshotel Kronberg, January 16, 2006 Matthias Zachert (CFO) Safe Harbour Statement This Presentation contains certain forward-looking statements,
More informationLANXESS Conference Presentation FY / 2016 Transformation gains traction
LANXESS Conference Presentation FY / 2016 Transformation gains traction Investor Relations Safe harbor statement The information included in this presentation is being provided for informational purposes
More informationPublication of the second quarter 2011 results Conference Call Thursday, August 11, Chairman of the Board of Management of LANXESS AG
Publication of the second quarter 2011 results Conference Call Thursday, August 11, 2011 LANXESS AG Contact: Daniel Smith Financial and Business Media 51369 Leverkusen Germany Phone +49 214 30-75179 Fax
More informationChairman of the Board of Management of LANXESS AG (Conference call on November 12, 2013)
Publication of the third quarter 2013 results LANXESS AG Contact: Daniel Smith Financial and Business Media 50569 Köln Germany Speech Phone +49 221 8885-5179 Fax +49 221 8885-5691 daniel-alexander.smith@
More informationQuarterly Statement as of March 31, 2017 QUALITY WORKS.
Quarterly Statement as of March 31, 2017 QUALITY WORKS. 2017 LANXESS Group Key Data million 2016 2017 Change % Sales 1,920 2,401 25.1 Gross profit 461 546 18.4 Gross profit margin 24.0% 22.7% EBITDA pre
More informationFull-Year / Fourth Quarter 2010 Results
Full-Year / Fourth Quarter 2010 Results 16 February 2011 Disclaimer This presentation contains certain statements that are neither reported financial results nor other historical information. This presentation
More informationNorth 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
More informationQuarterly Statement as of September 30, 2017 QUALITY WORKS.
Quarterly Statement as of September 30, 2017 QUALITY WORKS. 2017 LANXESS Group Key Data million 2016 2017 Change % 9M 2016 9M 2017 Change % Sales 1,921 2,404 25.1 5,784 7,327 26.7 Gross profit 446 551
More informationQ Earnings Presentation. Rainer Beaujean, Speaker of the Management Board and CFO April 12, 2018
Q1 2018 Earnings Presentation Rainer Beaujean, Speaker of the Management Board and CFO April 12, 2018 Disclaimer This presentation may contain certain forward-looking statements, including assumptions,
More informationLANXESS Conference Presentation Successfully strengthening our platform. Investor Relations
LANXESS Conference Presentation Successfully strengthening our platform Investor Relations Safe harbor statement The information included in this presentation is being provided for informational purposes
More informationDSM Capital Markets Day 2018
DSM Capital Markets Day 2018 Targets 2021 focused on growth, cash and value Geraldine Matchett CFO ROYAL DSM CAPITAL MARKETS DAY LONDON (UK) - 20 JUNE 2018 Safe harbor statement This presentation may contain
More informationANSELL LIMITED Half Year Results to December Magnus Nicolin Chief Executive Officer Neil Salmon Chief Financial Officer
ANSELL LIMITED Half Year Results to December 2014 Magnus Nicolin Chief Executive Officer Neil Salmon Chief Financial Officer Disclaimer The following presentation has been prepared by Ansell Limited for
More informationValue across the cycle
Dr. Jürgen Hambrecht, CEO Dr. Kurt Bock, CFO February 21, 2008 Looking with confidence to 2008 Value across the cycle BASF posts new records Financial performance 2007 Sales up by 10% to 58 billion EBIT
More informationAnalyst & Investor Fact Sheet Q3 2017
Evonik Group in million Q3 2016 yoy % Q2 2017 qoq % External sales 3,164 3,556 12% 3,614 3,556-2% 3,506 Volume (%) 4% 2% Price (%) 3% 2% Exchange Rates (%) -3% -2% Other effects (%) 8% 8% Adjusted EBITDA
More informationQ Roadshow Another strong quarter! Matthias Zachert, CEO
Q3 2017 Roadshow Another strong quarter! Matthias Zachert, CEO Safe harbor statement The information included in this presentation is being provided for informational purposes only and does not constitute
More informationFourth 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,
More informationDSM in motion: driving focused growth
DSM in motion: driving focused growth Nico Gerardu Member of the Managing Board Nomura Chemicals Conference Rome, 22 March 2012 Safe harbor statement This presentation may contain forward-looking statements
More informationQ Results. Lars Brorsen (CEO) Christoph Hobo (CFO) November 22, 2018
Q3 2018 Results Lars Brorsen (CEO) Christoph Hobo (CFO) November 22, 2018 Agenda 1. Highlights Q3 2018 2. Market outlook 3. Detailed results review 4. Company outlook 5. Q&A Appendix 1 Business summary
More informationSMART STEEL. Q Results. Detlef Borghardt, CEO Dr. Matthias Heiden, CFO. August 14, 2018
SMART STEEL Q2 218 Results Detlef Borghardt, CEO Dr. Matthias Heiden, CFO August 14, 218 Agenda Business Summary Guidance adjustment FY 218 Market update Regional trends: Status and profitability trend
More informationAnnual results Presentation 28 February M. Taylor, Chief Executive Officer B. García-Cos, Chief Financial Officer
Annual results 2017 Presentation 28 February 2018 M. Taylor, Chief Executive Officer B. García-Cos, Chief Financial Officer Bekaert delivers 10% sales growth and 301 million underlying EBIT - Consolidated
More informationPress release 8 March RESULTS
2011 RESULTS Slight growth in sales, supported by emerging markets Current Operating Income of 2.2bn Net income, Group share, down 14%, impacted by significant one off elements Net debt reduced by more
More informationSMART STEEL. Q Results. Detlef Borghardt, CEO Dr. Matthias Heiden, CFO. November 8, 2018
SMART STEEL Q3 218 Results Detlef Borghardt, CEO Dr. Matthias Heiden, CFO November 8, 218 Agenda Business Summary Preliminaries confirmed Market update Segments: Status and profitability trend in the regions
More informationBASF 1 st Quarter 2014 Analyst Conference Call May 2, 2014, 8:30 a.m. (CEST), Mannheim
S BASF 1 st Quarter 2014 Analyst Conference Call May 2, 2014, 8:30 a.m. (CEST), Mannheim First Quarter 2014 Financial highlights May 2, 2014 Good start to the year in chemicals business, oil and gas business
More information2007 Revenue and Results. 2007: strong increase in results Strengthened growth momentum. February 15 th, 2008
2007 Revenue and Results 2007: strong increase in results Strengthened growth momentum February 15 th, 2008 2007 revenue and results Agenda A successful 2007 Be the recognized industry leader John Glen
More informationBekaert First Half 2017 Results
Bekaert First Half 2017 Results Matthew Taylor, CEO Beatríz García-Cos, CFO 28 July 2017 Bekaert achieves strong sales and profits in H1 2017 - Consolidated sales of 2.1 billion (+15%) and combined sales
More informationFY 2014 Results Presentation. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, February 11, 2015
FY 2014 Results Presentation Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, February 11, 2015 Disclaimer 1. This presentation may contain certain forward-looking statements, including assumptions,
More informationJuly 26, 2017 LafargeHolcim Ltd 2015
Second Quarter 2017 Results Beat Hess, Chairman and Interim CEO Roland Köhler, Interim COO and Regional Head of Europe, Australia/NZ & Trading Ron Wirahadiraksa, CFO July 26, 2017 LafargeHolcim Ltd 2015
More informationAnalyst & Investor Fact Sheet Q3 2018
Evonik Group in million Q3 2017 yoy Δ% Q2 2018 qoq Δ% External sales 3,556 3,794 7% 3,870 3,794-2% 3,756 Volume (%) -1% 3% Price (%) 9% 4% Exchange Rates (%) -1% -2% Other effects (%) 0% 1% Adjusted EBITDA
More informationMartin Lindqvist, President & CEO Marco Wirén, CFO February 11, 2011
Results for the fourth quarter 2010 Martin Lindqvist, President & CEO Marco Wirén, CFO February 11, 2011 Forward-looking statements The presentation and the materials constituting it contain certain statements
More informationARLANXEO strong global synthetic rubber player
ARLANXEO strong global synthetic rubber player ARLANXEO at K 2016 Jan Paul de Vries, CEO ARLANXEO Düsseldorf, June 28, 2016 Safe harbor statement The information included in this presentation is being
More information1 ST QUARTER 2013 CALL NOTE
1 ST QUARTER 2013 CALL NOTE Dr. Rudolf Staudigl (CEO), Dr. Joachim Rauhut (CFO), April 30, 2013 CREATING TOMORROW'S SOLUTIONS DISCLAIMER The information contained in this presentation is for background
More informationINEOS STYROLUTION. Q1/ 2018 Investor Earnings Call
INEOS STYROLUTION Q1/ 2018 Investor Earnings Call Disclaimer The following presentation includes forward-looking statements, within the meaning of the US securities laws, based on our current expectations
More informationPress Release Heerlen (NL), 26 April 2016
Press Release Heerlen (NL), 26 April 2016 DSM Q1 2016 results Highlights DSM reports a strong first quarter Group net sales up at 1,913 million, with 2% organic growth Group EBITDA up 19% to 296 million
More informationKION Q3 UPDATE CALL Gordon Riske, CEO Thomas Toepfer, CFO Wiesbaden, 14 November 2013
KION Q3 UPDATE CALL 2013 Gordon Riske, CEO Thomas Toepfer, CFO Wiesbaden, 14 November 2013 AGENDA 1 Highlights 2013 Gordon Riske 2 Financial Update Thomas Toepfer 3 Outlook Gordon Riske 14 November 2013
More informationCharts on the 1st Quarter , February 13, ThyssenKrupp
Charts on the 1st Quarter 2006-2007, February 13, 2007 0 Charts on the 1st Quarter 2006-2007, February 13, 2007 1 Q1 2006/2007 Overview Excellent start to fiscal year 2006/2007 Order intake: 13.3 billion,
More informationHELLA Investor Update Q1 2015/16
HELLA Investor Update Q1 2015/16 Conference Call on September 25th, 2015 Dr. Wolfgang Ollig, Chief Financial Officer Carl Pohlschmidt, Finance Director HF-7761DE_C (2012-12) Disclaimer This document was
More informationEng US. Q1 Presentation April, 2015
Eng US Presentation 2015 24 April, 2015 Eng US Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your
More informationThe 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
More informationTHIRD QUARTER 2010 RESULTS Rhodia reports a new set of strong results and increases full-year guidance
Press release Paris, November 4, 2010 THIRD QUARTER 2010 RESULTS Rhodia reports a new set of strong results and increases full-year guidance Forenote: Unless otherwise stated, all period variances referred
More informationAnalyst & Investor Fact Sheet Q1 2018
Evonik Group in million Q1 2017 yoy % Q4 2017 qoq % Good start into the year External sales 3,636 3,678 1% 3,573 3,678 3% 3,717 Volume (%) 1% 4% Price (%) 4% 3% Exchange Rates (%) -5% -5% Other effects
More informationEvonik Power to create.
Evonik Power to create. Q4 / FY 2018 Earnings Conference Call 5 March 2019 Christian Kullmann, Chief Executive Officer Ute Wolf, Chief Financial Officer 1 Strong track record in strategy execution earnings
More informationFull-Year 2016/17 Results Stäfa, May 16, 2017 Lukas Braunschweiler CEO, Hartwig Grevener CFO, Thomas Bernhardsgrütter IR
Full-Year 2016/17 Results Stäfa, Lukas Braunschweiler CEO, Hartwig Grevener CFO, Thomas Bernhardsgrütter IR Disclaimer This presentation contains forward-looking statements, which offer no guarantee with
More informationBekaert. November 2014
Bekaert Content Bekaert in essence Strategy review Annex: 3 rd quarter trading update 2014 1 st half year results 2014 1 Company profile Industrial company with unique geographic, product and sector exposure
More informationSEMPERIT GROUP INVESTOR PRESENTATION FY 2016
SEMPERIT GROUP INVESTOR PRESENTATION FY Thomas Fahnemann, CEO Frank Gumbinger, CFO 10 March 2017 1 Agenda Operational Development and Financial Performance Outlook Appendix 2 Investor Presentation FY I
More informationEng US. 14 July 2017
Eng US 14 July 2017 Presentation 2017 Eng US Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your
More informationAugust 8, 2018 Jefferies Industrial Conference
August 8, 2018 Jefferies Industrial Conference Trademark of Trinseo S.A. or its affiliates Trademark of Trinseo S.A. or its affiliates 1 Introductions & Disclosure Rules Introductions Chris Pappas, President
More informationElringKlinger Group. Mobilität erfahren Zukunft entwickeln. Experience mobility Drive the future. Conference Call Results Third Quarter 2009
ElringKlinger Group Mobilität erfahren Zukunft entwickeln. Experience mobility Drive the future. Conference Call Results Third Quarter 2009 1 Q3 2009: News and Business Trends! Unprecedented weakness in
More informationConference Call Results Q November 5, 2014
Conference Call Results Q3 2014 November 5, 2014 Q3 2014: Key developments Despite a more difficult environment, ongoing start-up losses in battery technology, and a slump in Brazilian market, EK delivered
More informationSTATEMENT 3RD QUARTER ST NINE MONTHS 2018
QUARTERLY STATEMENT 3RD QUARTER 2018 1ST NINE MONTHS 2018 A very good third quarter 2018 3rd quarter Sales grew 7 percent to 3.8 billion Considerable increase in earnings in the growth segments Adjusted
More informationMay 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
More informationDriving shareholder value
KONE CMD 2017 Driving shareholder value ILKKA HARA, CFO SEPTEMBER 29, 2017 AGENDA FINANCIAL OVERVIEW BUILDING ON THE STRONG BUSINESS MODEL INVESTING FOR THE FUTURE LOOKING AHEAD Financial overview 3 Sales
More informationEvonik Power to create.
Evonik Power to create. Q2 2017 Earnings Conference Call 3 August 2017 Christian Kullmann, Chief Executive Officer Ute Wolf, Chief Financial Officer 1 Table of contents 1. Highlights Q2 2017 2. Financial
More informationThe Dow Chemical Company First Quarter 2007 Earnings Conference Call April 26, 2007
The Dow Chemical Company First Quarter 2007 Earnings Conference Call SEC Disclosure Rules Some of our comments today may include statements about our expectations for the future. Those expectations involve
More informationFirst Quarter 2015 Conference Call
First Quarter 2015 Conference Call April 29, 2015 Forward-Looking Statements Certain information contained in this presentation constitutes forward-looking statements for purposes of the safe harbor provisions
More informationPositive momentum continues
Positive momentum continues Q3 2015 Results covestro.com 1 Forward-looking statements This presentation may contain forward-looking statements based on current assumptions and forecasts made by Covestro
More informationBASF Analyst Conference Call FY 2015
BASF Analyst Conference Call FY 2015 February 26, 2016, 13:00 (CET) Ludwigshafen, Germany Analyst Conference Call Script (Long-Version) Kurt Bock, CEO Hans-Ulrich Engel, CFO The spoken word applies. Page
More informationResults FY 2017 Schaeffler AG. Conference Call March 7, 2018 Munich
Results FY 2017 Schaeffler AG Conference Call Munich Disclaimer This presentation contains forward-looking statements. The words "anticipate", "assume", "believe", "estimate", "expect", "intend", "may",
More informationInvestor Release. BASF confirms outlook for 2012 despite growing economic risks
Investor Release BASF confirms outlook for 2012 despite growing economic risks 2 nd quarter 2012: - Sales up 6% and EBIT before special items up 11% compared with previous year s quarter - Strong business
More informationLANXESS HSBC 13 th SRI Conference 2018 Successfully strengthening our platform. Investor Relations Frankfurt, February 6th, 2018
LANXESS HSBC 13 th SRI Conference 2018 Successfully strengthening our platform Investor Relations Frankfurt, February 6th, 2018 Safe harbor statement The information included in this presentation is being
More informationEARNINGS TELECONFERENCE
EARNINGS TELECONFERENCE FOURTH QUARTER - FISCAL 2018 Q4 FISCAL 2018 1 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements based on management s current expectations, estimates
More informationMerck FY/Q Financial Summary for Investors and Analysts
Merck FY/Q4 2017 Financial Summary for Investors and Analysts Performance amid headwinds: Healthcare sound core business; successful launches of Mavenclad & Bavencio Life Science strong performance above
More informationCONTINUING TO DELIVER PROFITABLE GROWTH
CONTINUING TO DELIVER PROFITABLE GROWTH - AHEAD OF THE MARKET NOVEMBER 13, 2018 TEEMU KANGAS- KÄRKI CFO CONTINUING TO DELIVER PROFITABLE GROWTH - AHEAD OF THE MARKET AGENDA: LOOKING BACK Strong track record
More informationThird Quarter 2017 Results Jan Jenisch, CEO Ron Wirahadiraksa, CFO. October 27, 2017 LafargeHolcim Ltd 2015
Third Quarter 2017 Results Jan Jenisch, CEO Ron Wirahadiraksa, CFO October 27, 2017 LafargeHolcim Ltd 2015 01 Initial views Q3 2017 and Outlook Jan Jenisch, Chief Executive Officer 2017 LafargeHolcim 2
More informationKONE Q APRIL 25, 2018 HENRIK EHRNROOTH, PRESIDENT & CEO ILKKA HARA, CFO
KONE 2018 APRIL 25, 2018 HENRIK EHRNROOTH, PRESIDENT & CEO ILKKA HARA, CFO 2018 Highlights Solid growth in orders received with stabilizing margins Profitability continued to be burdened Good progress
More informationBayer Polymers Top League Player In A Changing Market
Bayer Polymers Top League Player In A Changing Market Hagen Noerenberg Head of Bayer Polymers March 2002 Safe Harbor This presentation contains forward-looking statements based on current assumptions and
More informationTHIRD QUARTER 2010 RESULTS Rhodia reports a new set of strong results and increases full-year guidance
Press release Paris, November 4, 2010 THIRD QUARTER 2010 RESULTS reports a new set of strong results and increases full-year guidance Forenote: Unless otherwise stated, all period variances referred to
More informationRoad Show Zurich. Dr. Matthias Zieschang / CFO Florian Fuchs / IR. May 16, 2018 / Frankfurt Main
Road Show Zurich r. Matthias Zieschang / CFO Florian Fuchs / IR May 16, 2018 / Frankfurt Main isclaimer This document has been prepared by Fraport solely for use in this presentation. The information contained
More informationGlobal Styrene Butadiene Rubber (SBR) Market Study ( )
Global Styrene Butadiene Rubber (SBR) Market Study (2014 2025) Table of Contents 1. INTRODUCTION 1.1. Introduction to SBR Market Product Description Properties Industry Structure Value Chain Market Dynamics
More informationPositive Momentum Continues
Positive Momentum Continues Roadshow Presentation covestro.com Forward-looking Statements This presentation may contain forward-looking statements based on current assumptions and forecasts made by Covestro
More informationAnalyst Conference May 18, Dr. Wolfgang Heer (CEO), Thomas Kölbl (CFO)
Analyst Conference May 18, 2011 Dr. Wolfgang Heer (CEO), Thomas Kölbl (CFO) Analyst Conference May 18, 2011 Dr. Wolfgang Heer (CEO) Agenda 1. Overview and strategic objectives page 4 2. Financial Highlights
More informationLondon December 3, 2010 Bank of America Merrill Lynch European Chemicals Conference. Keith Nichols - CFO
London December 3, 2010 Bank of America Merrill Lynch European Chemicals Conference Investor Update Q3 2010 results Keith Nichols - CFO Agenda AkzoNobel at a glance Strategic ambitions Q3 2010 highlights
More informationFourth Quarter 2017 Conference Call. February 8, 2018
Fourth Quarter 2017 Conference Call February 8, 2018 Forward-Looking Statements Certain information contained in this presentation constitutes forward-looking statements for purposes of the safe harbor
More informationLife Sciences and Materials Sciences Presentation to Investors Q3 Results 2013, 5 November Page
Life Sciences and Materials Sciences Presentation to Investors Q3 Results 2013, 5 November 2013 Page Safe harbor statement This presentation may contain forward-looking statements with respect to DSM s
More information