GENERAL SHAREHOLDERS MEETING ACERINOX Business Year 2012

Transcription

1 GENERAL SHAREHOLDERS MEETING ACERINOX Business Year 2012 Madrid, June 5th 2013

2 ACERINOX EUROPA FACTORY

3 NORTH AMERICAN STAINLESS FACTORY

4 COLUMBUS STAINLESS FACTORY

5 BAHRU STAINLESS FACTORY

6 ROLDAN FACTORY

7 INOXFIL FACTORY

8 GEOGRAPHICAL DISTRIBUTION OF ACERINOX NET SALES Year 2012 Oceania 0.5% Europe 37.2% Africa 6.3% Asia 7.0% Americas 49.0%

9 STAINLESS STEEL STRIP

10 OFF-SHORE OIL PLANT MADE OF STAINLESS STEEL

11 COOKING SCHOOL KITCHEN MADE OF STAINLESS STEEL

12 SCRAP AND FINISHED PRODUCT

13 MELTING SHOP

14 PORT FACILITIES, ALGECIRAS BAY

15 HOT ROLLING

16 COMMERCIAL NETWORK Service Centers Warehouses Offices Commercial Agents Factories

17 STAINLESS STEEL WORLD PRODUCTION Thousand Mt. 35,000 46,0% 30,000 25,000 20,000 15,000 10, % China Asia w/o China Americas Europe + Africa 5,

18 NICKEL BRIQUETTES

19 STAINLESS STEEL HOUSEHOLD APLLIANCES

20 STAINLESS STEEL HOUSEHOLD APPLIANCES

21 EUROPEAN CONSOLIDATION I N O X U M A P E R A M O U T O K U M P U A C E R I N O X Melting Shop Factory w/o melting shop

22 ACERINOX EUROPA, CAMPO DE GIBRALTAR FACTORY

23 STAINLESS STEEL WORLD PRODUCTION Thousand Mt. 36,000 34,000 32,000 30,000 28,000 26,000 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, Stainless Steel World Production: 35.4 million Mt Compound annual growth rate : + 5.9% Source: VALE INCO & ISSF

24 EVOLUTION OF THE STAINLESS STEEL WORLD PRODUCTION Million Mt. Year 2008 Year 2009 Year 2010 Year 2011 Year % +26.4% +8.1% +5.2% Europe and Africa Asia Americas Source: ISSF

25 APPARENT CONSUMPTION % Variation over 2011 Europe -3.1% United States +8.8% Asia +2.4% South Africa +8.0%

26 OFFICIAL NICKEL PRICE IN THE L.M.E. [ ] Average price: cash / three months (USD/Mt. Ni.) 35,000 30,000 25,000 20,000 15,000 10, ,000 0 J F M A M J J A S O N D J F M A M J J A S O N D

27 RAW MATERIALS PRICE IN THE L.M.E. Year 2012 Daily values (US$/Mt. 3 months) 2,500 25,000 10,000 2,500 2,250 22,500 9,000 2,250 2,000 20,000 8,000 2,000 1,750 17,500 7,000 1,750 1,500 15,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 6,000 1,500 Aluminium Nickel Copper Zinc

28 PRODUCTION OF ACERINOX Year 2012 Flat Product [Mt] ACERINOX EUROPA NAS COLUMBUS BAHRU TOTAL Variation over 2011 MELTING SHOP 676,034 1,008, ,531 2,189, % HOT ROLLING 568, , ,786 1,914, % COLD ROLLING 431, , ,775 56,482 1,418, % Long Product [Mt] ROLDAN NAS TOTAL Variation over 2011 HOT ROLLING 90, , , % FINISHED PRODUCTS 84, , , %

29 MAIN FINANCIAL FIGURES OF ACERINOX Variation Net Sales 4, , % EBITDA % Results after Taxes and Minorities Net Financial Debt % Net Financial Deb / EBITDA % Net Financial Debt / Equity 33.9% 47.1% -28.0%

30 EVOLUTION OF THE STOCK EXCHANGE MARKET - ACERINOX & IBEX 35 Daily percentage data, year 2012 Acerinox Ibex 35 0,35 0,35 0,35 0,35 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

31 EVOLUTION OF THE INVENTORIES OF ACERINOX % D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D -5% -10% -15% -20% -25% -30% -35% -40% -45% -50%

32 NET FINANCIAL DEBT OF THE CONSOLIDATED GROUP Million Euros 1,400 1,254 1,200 1,075 1,084 1,

33 CURRENT CREDIT LINES IN ACERINOX GROUP December 2012 Used credit facilities Syndicated Loan: 482 million USD Available credit facilities

34 RETURN TO SHAREHOLDERS Euros / Share Attendance Bonus AGM Issue Premium Refund Dividend

35 STRATEGIC PLAN GENERATIONAL TRANSITION PLAN GROUP CULTURE MODERN STRUCTURE EXCELLENCE PLANS GLOBAL EXPANSION

36 INVESTMENTS OF THE CONSOLIDATED GROUP Million Euros Acerinox, S.A Acerinox Europa NAS Columbus Bahru Stainless Roldan and Inoxfil Spanish Trading Companies Overseas T rading Companies T otal

37 COMMERCIAL NETWORK Service Centers Warehouses Offices Commercial Agents Factories

38 BAHRU STAINLESS FACTORY

39 BAHRU STAINLESS: TECHNICAL ASSISTANCE

40 BAHRU STAINLESS COMMERCIAL EXPANSION Offices Commercial Agents

41 FIRST COIL PROCESSED IN THE ANNEALING AND PICKLING LINE AP 2

42 EXCELLENCE PLAN Excellence Plan I Excellence plan II Excellence plan III chapters 15 chapters 16 chapters Internal benchmarking Internal benchmarking Internal benchmarking Realistic targets Recurrent savings: 133 million /year Result: 73% (97 million ) Realistic targets (including part of Excellence I) Recurrent savings: 90 million /year Already reach: 59% (53 million ) Realistic targets (including part of Excellence I and II) Recurrent savings: 60 million /year

43 PROCESSING LINE

44 RESEARCH AND DEVELOPMENT

45 PORT FACILITIES, ALGECIRAS BAY

46 START UP OF THE INTERNAL TRAINEE PROGRAMS

47 ENVIRONMENTAL COMMITMENT C a r b o n D i s c l o s u r e G l o b a l R e p o r t i n g I n i t i a t i v e ( G R I )

48 2013 SUSTAINABILITY AWARD

49 INTERNACIONAL RECOGNITION OF ACERINOX Mr. Felipe de Borbon presents to Acerinox the Award for the International Career of the Spanish Company (Círculo de Empresarios, January 2012) Acerinox receives the Trade & Innovation Award for its expansion in the US (AmChamSpain, September 2012)

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51 Thank you very much