BUSINESS YEAR 2009 RESULTS
|
|
- Shon Parrish
- 6 years ago
- Views:
Transcription
1 BUSINESS YEAR 2009 RESULTS Madrid, 26 February 2010
2 WORLD PRODUCTION OF STAINLESS STEEL Thousand Mt. 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 2,000 0 Compound annual growth rate Years : +5.5% Source: VALE INCO e ISSF
3 OFFICIAL NICKEL PRICE IN THE L.M.E. (Years ) Average price: cash / three months USD/Mt. 35,000 30,000 25,000 20,000 15,000 10,000 5,000 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
4 OFFICIAL NICKEL PRICE IN THE L.M.E. ( ) Monthly average values (USD/Mt. Ni.) 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 Average : 8,062 USD/Mt. Ni 10,000 5,
5 FERROCHROME QUARTERLY AVERAGE PRICES (Metal Bulletin) US / Lb. Cr
6 STAINLESS STEEL COLD ROLLED SHEET PRICES AISI mm ( ) USD/Mt, final price, alloy surcharge included 7,000 6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 USA GERMANY ASIA (since year 2008; average of China,Taiwan and South Korea) 2,000 1,500 1, SOURCE: Metal Bulletin Research Stainless Steel Monthly
7 STAINLESS STEEL COLD ROLLED SHEET PRICES AISI mm ( ) /Mt GERMAN MARKET 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, Base Price Alloy Surcharge SOURCE: MBR
8 STAINLESS STEEL COLD ROLLED SHEET PRICES AISI mm ( ) USD/Mt 7,000 6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, NORTH AMERICAN MARKET Base Price Alloy Surcharge SOURCE: MBR
9 PRODUCTION OF ACERINOX GROUP Mt Year 2009 FLAT PRODUCTS ACERINOX NAS COLUMBUS TOTAL Variation over 2008 MELTING SHOP 577, , ,261 1,806, % HOT ROLLING 485, , ,718 1,628, % COLD ROLLING 374, , ,972 1,071, % LONG PRODUCTS ROLDAN NAS TOTAL Variation over 2008 HOT ROLLING 78,567 62, , % FINISHED PRODUCTS 71,783 56, , %
10 QUARTERLY EVOLUTION OF ACERINOX GROUP PRODUCTIONS MELTING SHOP (Mt) 700, , , , , , , , , , , , , , ,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Year 2008 Year 2009
11 EVOLUTION OF ACERINOX GROUP NET SALES Million Consolidated Group Trading Companies N.A.S. ACERINOX S.A Columbus Roldan + Inoxfil
12 GEOGRAPHICAL DISTRIBUTION OF ACERINOX GROUP NET SALES YEAR 2009 YEAR 2008 Europe Oceania 0.3% 40.8% Oceania 0.1% Europe 44.1% Africa 5.4% Asia 17.7% Americas 35.8% Africa 5.8% Asia 13.6% Americas 36.4%
13 EVOLUTION OF THE RESULT AFTER TAXES AND MINORITIES. ACERINOX GROUP Million
14 QUARTERLY EVOLUTION OF THE RESULT AFTER TAXES AND MINORITIES. ACERINOX GROUP Million º T 2º T 3º T 4ºT 1º T 2º T 3º T 4ºT
15 QUARTERLY CONDENSED PROFIT & LOSS ACCOUNT ACERINOX CONSOLIDATED GROUP Year 2009 Million 1º Q. 09 2º Q. 09 3º T.09 4ºT Variation Net sales , , % Gross margin , % % over sales 11.4% -5.5% 28.5% 31.2% 18.0% 20.0% EBITDA (*) % % over sales -15.9% -27.3% 6.8% 7.0% -5.5% 5.9% Gross operating result % % over sales -15.9% -31.1% 6.8% 7.0% -6.4% 3.4% EBIT % % over sales -20.8% -35.7% 3.3% 2.5% -10.7% 0.9% Result before taxes January-December % Result after taxes and minorities % Depreciation % Net cash flow % (*) EBITDA is defined as the operating result excluding depreciation and provisions
16 CONDENSED BALANCE SHEET ACERINOX CONSOLIDATED GROUP Year 2009 ASSETS LIABILITIES Million Variation Million variation Non-current assets 2, , % Equity 1, , % Current assets 1, , % Non-current liabilities % - Inventories 1, , % - Interest-bearing loans and borrowings % - Debtors % - Other non-current liabilities % Trade debtors % Other debtors % Current liabilities 1, % - Cash and other current assets % - Interest-bearing loans and borrowings % - Trade creditors % - Other current liabilities % TOTAL ASSETS 3, , % TOTAL EQUITY AND LIABILITIES 3, , %
17 31 st DECEMBER 2009 RESULTS CONSOLIDATED GROUP Variation Net Sales 2,993,409 5,050, % EBITDA (*) -165, , EBIT (**) -319,158 47, Profit before taxes and minorities -348,582-16, % Depreciation 125, , % Gross Cash Flow -223, , Profit after taxes and minorities -229,206-10, % Net Cash Flow -104, , (*) EBITDA is defined as the operating result excluding depreciation and provisions (**) EBIT is defined as the net operating result
18 MAIN RATIOS AND MAGNITUDES OF THE CONSOLIDATED GROUP CONSOLIDATED GROUP Cash Flow per share Earning per share Gross margin 18.0% 20.0% EBITDA margin (*) -5.5% 5.9% Operating margin EBIT -10.7% 0.9% ROE -13.1% -0.5% ROCE -11.3% 1.6% GEARING 61.3% 46.5% Net Debt / EBITDA Book Value at 31-Dec (*) EBITDA is defined as the operating result excluding depreciation and provisions
19 EVOLUTION OF THE CONSOLIDATED GROUP EBITDA (*) Million (% over sales) 1, Average : (9.3%) (*) EBITDA is defined as the operating result excluding depreciation and provision
20 INVESTMENTS IN THE CONSOLIDATED GROUP Valores Thousand medios mensuales (USD/Tm. Ni.) Tm. en miles ACERINOX, S.A. 40,859 92,669 - NAS 45, ,845 - COLUMBUS 29,784 54,808 - BAHRU 101, ROLDAN and INOXFIL 1,682 8,506 - SPANISH TRADING COMPANIES 138 1,301 - OVERSEAS TRADING COMPANIES 10,449 20,121 TOTAL 230, ,250
21 EVOLUTION OF THE STOCK EXCHANGE MARKET ACERINOX, S.A. AND IBEX 35 Daily percentage data, year % 30% 20% +29.8% +27.8% IBEX 35 10% 0% ACERINOX -10% -20% -30% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
22 EVOLUTION OF THE STOCK EXCHANGE MARKET ACERINOX, S.A. AND IBEX 35 Weekly percentage data 150% 100% ACERINOX 50% 46.8% IBEX 35 0% 2.6% -50% -100%
23 MARKET CAPITALIZATION OF ACERINOX, S.A Figures in million 7,000 6,000 5,000 4,000 3,622 3,000 2,000 1,
24 RETURN TO SHAREHOLDERS / share Attendance bonus AGM Issue Premium Refund Dividend
25 EXCELLENCE PLAN Valores medios mensuales (USD/Tm. Ni.) Tm. en miles 10 chapters Internal benchmarking Realistic targets Recurrent savings: 133 million Already achieved: 64% (85 million )
26 HUMAN RESOURCES Valores medios mensuales (USD/Tm. Ni.) Tm. en miles Variation - ACERINOX, S.A. 2,576 2, % - NAS 1,340 1, % - COLUMBUS 1,736 1, % - BAHRU STAINLESS ROLDAN and INOXFIL % - SPANISH TRADING COMPANIES % - OVERSEAS TRADING COMPANIES % TOTAL GROUP 7,328 7, %
27 STRATEGIC PLAN
28 COMMERCIAL NETWORK OF ACERINOX GROUP Flat Products Facility (3) Long Products Facility (3) Service Centre (23) Warehouses (36) Commercial Office (30)
29 BAHRU STAINLESS
30 STRATEGIC LOCATION
31 LAND OF THE BAHRU STAINLESS FACTORY
32 GENERAL PLANT LAY-OUT
33 GENERAL PLANT LAY-OUT: 1st & 2nd PHASE
34 BAHRU STAINLESS: PIER
35 BAHRU STAINLESS: PIER
36 BAHRU STAINLESS
37 BAHRU STAINLESS
38 PRODUCTION CAPACITY OF THE GROUP AND WORLD CONSUMPTION PER AREAS (Million Mt) Melting Hot Rolling Cold Rolling Long Prod Melting Hot Rolling Cold Rolling Long Prod Melting Hot Rolling Cold Rolling Long Prod Melting Hot Rolling Cold Rolling Melting Hot Rolling Cold Rolling CONSUMPTION AMERICA 2.5 CONSUMPTION EUROPE + AFRICA 7.2 CONSUMPTION ASIA + OCEANIA 13.2
39 COMPARISON BETWEEN GDP AND STAINLESS STEEL CONSUMPTION PER CAPITA Year 2008 Source: Vale Inco, FMI UK USA France Canada Germany 40 Japan Italy 35 Spain GDP ( 000 USD/capita) South Korea Taiwan Mexico Russia Malaysia Brasil South Africa Indonesia Thailand India China Vietnam Stainless consumption kg/capita
GENERAL SHAREHOLDERS MEETING ACERINOX Business Year 2012
GENERAL SHAREHOLDERS MEETING ACERINOX Business Year 2012 Madrid, June 5th 2013 ACERINOX EUROPA FACTORY NORTH AMERICAN STAINLESS FACTORY COLUMBUS STAINLESS FACTORY BAHRU STAINLESS FACTORY ROLDAN FACTORY
More informationAcerinox Results as of 30 September 2014 Results as of 30 September 2014
Results as of 30 September 2014 Page 0 / 9 Results as of 30 September 2014 In the first nine months of the year, Acerinox has achieved a profit after taxes and minorities of 133.8 million euros Improvement
More informationResults on 31 March, 2018
Results on 31 March, 2018 Free translation from the original in Spanish. In the event of discrepancy, the Spanish-language version prevails Page 0 / 13 DISCLAIMER This document has been drawn up in good
More informationSummary. The ACERINOX Group in figures 6. Letter from the Chairman 8
ANNUAL REPORT 2005 2 Summary 3 The ACERINOX Group in figures 6 Letter from the Chairman 8 1. Directors Report of the Consolidated Group 13 1. Productions 14 2. Raw Materials 16 3. Markets 20 4. Sales 24
More informationSolidly on track in achieving our targets
Solidly on track in achieving our targets Roeland Baan, CEO Credit Suisse Steel & Mining Conference September 12, 2017 Disclaimer This presentation contains, or may be deemed to contain, statements that
More informationMR. VICTORIANO MUÑOZ CAVA
SPEECH OF MR. VICTORIANO MUÑOZ CAVA CHAIRMAN AND CHIEF EXECUTIVE OFFICER GENERAL SHAREHOLDERS MEETING Madrid, 14th June 27 Dear shareholders: I am pleased to inform you about the economic results of year
More informationCHAIRMAN S REPORT GENERAL SHAREHOLDERS MEETING ACERINOX, S.A.
CHAIRMAN S REPORT GENERAL SHAREHOLDERS MEETING ACERINOX, S.A. 1st June 26 1 Ladies and Gentlemen, As in previous years, before discussing what year 25 has been for our Society and its Group, please allow
More informationContents. Acerinox Group in Figures Letter from the Chairman Letter from the Chief Executive Officer... 8
REPORT 2012 REPORT 2012 Contents Acerinox Group in Figures... 4 Letter from the Chairman... 6 Letter from the Chief Executive Officer... 8 1. Directors Report of Acerinox... 15 1. World Production...
More informationQ results. CEO Roeland Baan CFO Chris de la Camp. July 24, 2018
Q2 2018 results CEO Roeland Baan CFO Chris de la Camp July 24, 2018 Disclaimer This presentation contains, or may be deemed to contain, statements that are not historical facts but forward-looking statements.
More informationAnnual Accounts February 1, 2007 Juha Rantanen, CEO.
Annual Accounts 2006 February 1, 2007 Juha Rantanen, CEO www.outokumpu.com Highlights in 2006 Market development Improvement actions update and strategic direction Annual Accounts 2006 Outlook 2 February
More informationJune Todd Hale James Russo Jonathan Banks Jean-Jacques Vandenheede
June 20 Todd Hale James Russo Jonathan Banks JeanJacques Vandenheede Nielsen Global Scorecard Shopping measures appear to be trending upward, driven by gains in China, India, Canada and the U.S., with
More informationIron Ore & Steel Derivatives Let the Battle Begin
Iron Ore & Steel Derivatives Let the Battle Begin Topics Raw Material Price Volatility Financial Hedging Attributes Iron Ore World Steel Exchange Scrap Presented by: DATE: Tuesday November 30, 2010 Patrick
More informationIndex. ACERINOX in numbers Letter from the Chairman Letter from the Chief Executive Officer Directors Report...
ANNUAL REPORT2016 REPORT 2016 2 Index ACERINOX in numbers... 4 Letter from the Chairman... 6 Letter from the Chief Executive Officer... 10 Directors Report...16 1. Our business...18 1.1 Production Companies...20
More informationTUBOS REUNIDOS GROUP. Special Products & Integral Services Worldwide. Tubos Reunidos. November 2014
Special Products & Integral Services Worldwide Tubos Reunidos 1 Content Tubos Reunidos Group 1. Market and Trends 2. Company Overview 3. 2014 2017 Strategic Plan 4. Financials 2 Tubos Reunidos Group Seamless
More informationThird-quarter earnings burdened by raw material-related losses. Group adjusted EBITDA at EUR 56 million
1 (23) Contents Highlights in the third quarter of 2017... 2 Highlights during the first nine months of 2017... 2 Business and financial outlook for the fourth quarter of 2017... 3 CEO Roeland Baan...
More information1Q of FY ending December 31, (0.2) (1.9) 11.3 (0.2) (0.2) (0.2) (0.2) (1.2) (89.2) 0.1
August 6, ISEKI & CO., LTD. Supplementary Information to Consolidated Financial Results (April 1, June 30, ) I. Consolidated business results for the three months ended June 30, (Billions of yen, %) Year-on
More informationFinancial Statements Release 2017
Financial Statements Release 217 CEO Roeland Baan CFO Chris de la Camp January 31, 218 Disclaimer This presentation contains, or may be deemed to contain, statements that are not historical facts but forward-looking
More informationPositive 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
More informationAutumn conference, Kepler Cheuvreux September 19 th, Aperam 1
Autumn conference, Kepler Cheuvreux September 19 th, 2013 Aperam 1 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about Aperam and its subsidiaries.
More informationECONOMIC BULLETIN - No. 41, NOVEMBER Statistical tables
ECONOMIC BULLETIN - No. 41, NOVEMBER 2005 APPENDIX Appendix Statistical tables The world economy Table a1 GDP at constant prices a2 Industrial production a3 Consumer prices a4 External current account
More informationAnnual General Meeting. Originally issued by BHP Steel. On 17 November 2003 BHP Steel became BlueScope Steel Limited.
Annual General Meeting Originally issued by BHP Steel. On 17 November 2003 BHP Steel became BlueScope Steel Limited. Annual General Meeting Graham Kraehe Chairman 12 November 2003 Board of Directors GRAHAM
More informationInvestor Presentation
March, 2010 1 Disclaimer This document can contain statements which constitute forward-looking statements. Such forward-looking statements are dependent on estimates, data or methods that may be incorrect
More informationInvestor Presentation
March, 2010 1 Disclaimer This document can contain statements which constitute forward-looking statements. Such forward-looking statements are dependent on estimates, data or methods that may be incorrect
More informationAdvanced and Emerging Economies Two speed Recovery
Advanced and Emerging Economies Two speed Recovery 23 November 2 Bauhinia Foundation Research Centre Masaaki Shirakawa Governor of the Bank of Japan Slide 1 Japan s Silver Yen and Hong Kong s Silver Yuan
More informationIncome Statement + 2.2% + 7.2% + 3.9% + 14% EPS 142.1p 118.5p + 20% Dividend per share 36.0p 31.0p + 16% Full Price
July 2013 Income Statement m July 2013 July 2012* Revenue 1,677 1,640 Operating profit 285 266 Interest (13) (15) Profit before tax 272 251 Taxation (55) (60) Profit after tax 217 191 + 2.2% + 7.2% + 14%
More informationAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2016
AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2016 AGENDA 2 1 Opening remarks / market update 2 Financial results 3 Operational review 4 Strategy update 5 Outlook 1 2 3 4 5 OPENING REMARKS / MARKET UPDATE
More informationGlobal Economic Prospects and the Developing Countries William Shaw December 1999
Global Economic Prospects and the Developing Countries 2000 William Shaw December 1999 Prospects for Growth and Poverty Reduction in Developing Countries Recovery from financial crisis uneven International
More informationU.S. Steel Market Outlook. Amy Ebben ArcelorMittal USA November 30, 2018
U.S. Steel Market Outlook Amy Ebben ArcelorMittal USA November 30, 2018 Agenda ArcelorMittal introduction U.S. steel industry performance and trade Global steel industry Review of steel markets 1 About
More informationPower of Travel Promotion Evolution
Power of Travel Promotion Evolution Promotion More Important than Ever Power of Promotion $7 million Median state = marketing budget FY 2014-15 OR 45 seconds worth of Super Bowl ads $100 million = Presidential
More informationSix months of FY ending December 31, (0.4) (1.9) 22.5 (0.4) (0.3) (0.4) (0.1) (0.4) (0.7) (2.0) 0.9 (1.
November 11, ISEKI & CO., LTD. Supplementary Information to Consolidated Financial Results (April 1, September 30, ) I. Consolidated business results for the six months ended September 30, (Billions of
More informationSouthern Copper Corporation Highlights
Southern Copper Corporation Highlights ht Southern Copper Corporation Highlights March 2009 January 2009 0 Safe Harbor Statement This presentation contains forward-looking statements, as defined by federal
More informationGLOBAL EMERGING MARKETS: IT IS THE STOCKS THAT MATTER ANWAAR WAGNER
GLOBAL EMERGING MARKETS: IT IS THE STOCKS THAT MATTER ANWAAR WAGNER Portfolio Manager at Electus AGENDA Emerging Markets (EM) Crises? EM vs Developed Markets (DM) OM GEM Fund It s the shares that matter
More informationAnnual Accounts CEO Roeland Baan CFO Chris de la Camp. February 2, 2017
Annual Accounts 216 CEO Roeland Baan CFO Chris de la Camp February 2, 217 Today s attendees from Outokumpu Roeland Baan CEO Chris de la Camp CFO Tommi Järvenpää Director Investor Relations 2 Disclaimer
More informationWebcast Third Quarter 2005 Results. Presentation:11/10/05 Paulo Penido Pinto Marques Director of Finance and Investor Relations
Webcast Third Quarter 2005 Results Presentation:11/10/05 Paulo Penido Pinto Marques Director of Finance and Investor Relations Disclaimer Declarations relative to business perspectives of the Company,
More informationFirst Quarter of the Fiscal Year Ending December 31, 2015 Unicharm Presentation Materials for Investor Meeting
First Quarter of the Fiscal Year Ending December 31, 2015 Unicharm Presentation Materials for Investor Meeting May 8, 2015 Takahisa Takahara President and CEO Unicharm Corporation Projections stated herein
More informationFY ended March 31, 2015 Restated *1. Year-on year change. Difference (forecast/ actual) FY ended December 31, December 31, 2015 Forecast *2
February 12, 2016 ISEKI & CO., LTD. Supplementary Information to Consolidated Financial Results (April 1, ) I. Consolidated business results for the fiscal year ended (Billions of yen, %) March 31, Restated
More informationLatin America Equities
Latin America Equities March 2013 Stephen Burrows, Senior Investment Manager Emerging Markets - Pictet Asset Management Dec-10 Feb-11 Apr-11 Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12 Oct-12
More informationFinancial Report. (January 1 ~ December 31, 2016)
Financial Report (January 1 ~ December 31, ) February 14, 2017 Key Subjects Annual Financial Results Summary Changes in Scope of Consolidation, Affiliated Companies Financial Results Summary Impact from
More informationSUMMARY. 1 Tourism statistics, February 2017 Rovaniemi. Registered overnight stays up 6 per cent in Rovaniemi
1 SUMMARY Registered overnight stays up 6 per cent in In February 2017, 68 900 overnight stays were registered in, of which Finns accounted for 12 500 and foreigners 56 400 nights. In total, overnight
More informationRECENT EVOLUTION AND OUTLOOK OF THE MEXICAN ECONOMY BANCO DE MÉXICO OCTOBER 2003
OCTOBER 23 RECENT EVOLUTION AND OUTLOOK OF THE MEXICAN ECONOMY BANCO DE MÉXICO 2 RECENT DEVELOPMENTS OUTLOOK MEDIUM-TERM CHALLENGES 3 RECENT DEVELOPMENTS In tandem with the global economic cycle, the Mexican
More informationTravel Insurance and Assistance
Travel Insurance and Assistance Worldwide research covering over 40 countries Series Prospectus Finaccord 1 Prospectus contents Page What is the research? Which countries are covered What methodology has
More informationA Global Economic and Market Outlook
A Global Economic and Market Outlook Presented by Dr Chris Caton December 2008 US Housing starts and Permits 2.3 (Millions) Permits Starts 2.1 1.9 1.7 1.5 1.3 1.1 0.9 0.7 96 97 98 99 00 01 02 03 04 05
More informationQuarterly Meeting # 2/2015
Quarterly Meeting # 2/2015 1Q15 Performance & Outlook 18 May 2015 The views expressed here contain some information derived from publicly available sources that have not been independently verified. No
More informationOlivier Blanchard Economic Counsellor and Director of the Research Department, International Monetary Fund
Centre for Economic Performance 21st Birthday Lecture Series The State of the World Economy Olivier Blanchard Economic Counsellor and Director of the Research Department, International Monetary Fund Lord
More informationL OCCITANE EN PROVENCE EN PROVENCE. Final results. for the year ended 31 March 2011
Final results for the year ended 31 March 2011 Agenda Results Highlights Strategic Review and Future Prospects 2 1. Results Highlights (million ) Net sales Operating profit Net profit 900 800 +26.1%, +
More informationGCL Holdings Group. Company presentation 9M 2015 results
GCL Holdings Group Company presentation 9M results November 27, Forward-looking Statements This presentation may include, and the Company and its representatives may from time to time make, written or
More informationSHAMBLING FORWARD. 02/13/2014 WORLD POPULATION 2 WALL STREET, MAIN STREET, AND CAPITOL HILL: AN ECONOMIC UPDATE
SHAMBLING FORWARD. WALL STREET, MAIN STREET, AND CAPITOL HILL: AN ECONOMIC UPDATE Shamble: To walk in an awkward, lazy, or unsteady manner, shuffling the feet FEBRUARY 12, 2014 David B. Hanson, CPA, CFA
More informationHuhtamaki roadshow presentation. Investor Relations Copenhagen Jan 8, 2010
Huhtamaki roadshow presentation Investor Relations Copenhagen Jan 8, 2010 Huhtamaki in brief A leading manufacturer of consumer and specialty packaging with head office in Espoo, Finland Net sales EUR
More information2004 Annual General Meeting
2004 Annual General Meeting Annual General Meeting Graham Kraehe Chairman 19 October 2004 Board of Directors GRAHAM KRAEHE Chairman RON MCNEILLY Deputy Chairman KIRBY ADAMS MD & CEO TAN YAM PIN DIANE GRADY
More informationPeru s Fundamentals and Economic Outlook
Peru s Fundamentals and Economic Outlook Julio Velarde Governor Central Bank of Peru October 2016 Content 1. Slow Global Recovery 5. Gradual withdrawal of monetary stimulus 2. Reversal in Peru s external
More informationFinancial Report. (January 1 ~ June 30, 2012) Sumitomo Rubber Industries, Ltd.
Financial Report (January 1 ~ June 3, 212) Sumitomo Rubber Industries, Ltd. Key Subjects 212 2 nd Quarter Financial Results Summary Changes in Scope of Consolidation, Major Affiliated Companies Financial
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationGCL Holdings Group. Company presentation 1Q 2014 results
GCL Holdings Group Company presentation 1Q 2014 results Alessandria, May 29, 2014 Forward-looking Statements This presentation may include, and the Company and its representatives may from time to time
More informationLatin America: the shadow of China
Latin America: the shadow of China Juan Ruiz BBVA Research Chief Economist for South America Latin America Outlook Second Quarter Madrid, 13 May Latin America Outlook / May Key messages 1 2 3 4 5 The global
More informationRESULTS PRESENTATION FOR THE SIX MONTHS ENDED 30 JUNE 2018 PRESENTED BY ZANELE MATLALA (CEO) AND KAJAL BISSESSOR (FD)
RESULTS PRESENTATION FOR THE SIX MONTHS ENDED 30 JUNE 2018 i PRESENTED BY ZANELE MATLALA (CEO) AND KAJAL BISSESSOR (FD) Merafe Resources Ltd Results presentation for the year ended 31 December 2017 LEGAL
More informationCONTENTS. Acerinox Group in Figures Letter from the Chairman Letter from the Chief Executive Officer... 8
REPORT 2013 REPORT 2013 CONTENTS Acerinox Group in Figures... 4 Letter from the Chairman... 6 Letter from the Chief Executive Officer... 8 Directors Report of Acerinox... 15 Acerinox 1. A Spanish Multinational
More informationSPECIAL REPORT: U.S. ALUMINUM IMPORT MONITOR. Data through May Issued: July 2018
SPECIAL REPORT: U.S. ALUMINUM IMPORT MONITOR Data through May 218 Issued: July 218 OVERVIEW OF SECTION 232 Section 232 of the Trade Expansion Act of 1962, as amended, authorizes the President to adjust
More informationText. 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
More informationPRESENTATION OF THE RESULTS
PRESENTATION OF THE RESULTS 1 st half of 2014 D Jesús Esmorís TUBACEX CEO The results for the first half of 2014 that TUBACEX presents herein, maintain the upward trend that has been observed since last
More informationInternational Monetary Fund
International Monetary Fund World Economic Outlook Jörg Decressin Deputy Director Research Department, IMF April 212 Towards Lasting Stability Global Economy Pulled Back from the Brink Policies Stepped
More information2015 Market Review & Outlook. January 29, 2015
2015 Market Review & Outlook January 29, 2015 Economic Outlook Jason O. Jackman, CFA President & Chief Investment Officer Percentage Interest Rates Unexpectedly Decline 4.5 10-Year Government Yield 4 3.5
More informationNickel Market Outlook
22/9/215 Nickel Market Outlook Stuart Harshaw This presentation may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about
More informationOutlook 2015: Europe & Germany
Part of the M&G Group Outlook 215: Europe & Germany Research presentation 27 th November 214 European Economic Fundamentals Update & Outlook 2 Economic recovery broadening GDP growth by country Q3 214
More informationFY2017, FY2018, FY2019 Economic Outlook - Firm outlook on both domestic and overseas economic growth remains unchanged -
REVISED to reflect the 2 nd QE for the Oct-Dec Qtr of 2017 FY2017, FY2018, FY2019 Economic Outlook - Firm outlook on both domestic and overseas economic growth remains unchanged - March 8, 2018 Copyright
More informationAsia Key Economic and Financial Indicators 20-Oct-16
Asia Key Economic and Financial Indicators -Oct- ASEAN Brunei (BN) Cambodia (KH) Indonesia () Laos (LA) Malaysia () Myanmar (MM) Philippines () Singapore () Thailand () Vietnam () East Asia China (CN)
More informationGCL Holdings Group. Company presentation 1H 2013 results
GCL Holdings Group Company presentation 1H 2013 results Alessandria, September 13, 2013 Forward-looking statements This presentation may include, and the Company and its representatives may from time to
More informationTravel Insurance and Assistance
Travel Insurance and Assistance Worldwide research covering over 40 countries Series Prospectus Finaccord Web: www.finaccord.com. E-mail: info@finaccord.com 1 Prospectus contents Page What is the research?
More informationGlobal Equity Trading Volumes Surge 36% in 1 st half 2015 driven by Mainland China
EMBARGO: :1BST/1:1CET/19:1EDT Global Equity Trading Volumes Surge 36% in 1 st half 215 driven by Mainland China Global Equity Trading Volumes Ex Mainland China Up 5% Mainland China Share Trading Vols Rise
More informationThe Global Economic Crisis: Asia and the role of China Elliott School of International Affairs, George Washington University March 31, 2009
The Global Economic Crisis: Asia and the role of China Elliott School of International Affairs, George Washington University March 31, 29 Anoop Singh Asia and Pacific Department IMF 1 Five key questions
More informationFOR RELEASE: 10:00 A.M. (MADRID TIME), TUESDAY, DECEMBER 15, 2009
FOR RELEASE: 10:00 A.M. (MADRID TIME), TUESDAY, DECEMBER 15, 2009 The Conference Board Spain Business Cycle Indicators SM THE CONFERENCE BOARD LEADING ECONOMIC INDEX TM (LEI) FOR SPAIN AND RELATED COMPOSITE
More informationAsia Key Economic and Financial Indicators 13-Jul-17
Asia Key Economic and Financial Indicators -Jul-7 ASEAN Brunei (BN) Cambodia (KH) Indonesia () Laos (LA) Malaysia () Myanmar (MM) Philippines () Singapore () Thailand () Vietnam () East Asia China (CN)
More informationRUSSIAN ECONOMIC OUTLOOK AND MONETARY POLICY CHALLENGES RUSSIAN ECONOMIC OUTLOOK AND MONETARY POLICY CHALLENGES. Bank of Russia.
RUSSIAN ECONOMIC OUTLOOK AND MONETARY POLICY CHALLENGES Bank of Russia July 218 < -1% -1-9% -9-8% -8-7% -7-6% -6-5% -5-4% -4-3% -3-2% -2-1% -1 % 1% 1 2% 2 3% 3 4% 4 5% 5 6% 6 7% 7 8% 8 9% 9 1% 1 11% 11
More informationNorth 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
More informationPetercam's Benelux Conference September 16, Sandeep Jalan Chief Financial Officer. Aperam 1
Petercam's Benelux Conference September 16, 2014 Sandeep Jalan Chief Financial Officer Aperam 1 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements
More informationSPECIAL REPORT: U.S. ALUMINUM IMPORT MONITOR. March Issued: May 2018
SPECIAL REPORT: U.S. ALUMINUM IMPORT MONITOR March 218 Issued: May 218 OVERVIEW OF SECTION 232 Section 232 of the Trade Expansion Act of 1962, as amended, authorizes the President to adjust the imports
More informationThree-speed recovery. GDP growth. Percent Emerging and developing economies. World
Three-speed recovery GDP growth Percent 1 8 6 4 2-2 -4-6 198 1985 199 1995 2 25 21 215 Source: IMF WEO; Milken Institute. Emerging and developing economies Advanced economies World Output is still below
More informationTravel Insurance and Assistance
Travel Insurance and Assistance Worldwide research covering over 40 countries Series Prospectus Finaccord Ltd., 2016 Web: www.finaccord.com. E-mail: info@finaccord.com 1 Prospectus contents Page What is
More informationANN JOO RESOURCES BERHAD 22 ND ANNUAL GENERAL MEETING DATO LIM HONG THYE, GROUP MANAGING DIRECTOR 30 MAY 2018
ANN JOO RESOURCES BERHAD 22 ND ANNUAL GENERAL MEETING DATO LIM HONG THYE, GROUP MANAGING DIRECTOR 30 MAY 2018 INDUSTRY OVERVIEW INDUSTRY PERFORMANCE STEEL BAR PRICES (SOUTHEAST ASIA) 2004-2008 Commodities
More informationINVESTMENT MARKET UPDATE UBC FACULTY PENSION PLAN
INVESTMENT MARKET UPDATE UBC FACULTY PENSION PLAN MIKE LESLIE, FACULTY PENSION PLAN NEIL WATSON, LEITH WHEELER FEBRUARY 12, 2014 Presenters Mike Leslie Executive Director, Investments Faculty Pension Plan
More informationFinancial Report. (January 1 ~ September 30, 2012) Sumitomo Rubber Industries, Ltd.
Financial Report (January 1 ~ September 3, 212) Sumitomo Rubber Industries, Ltd. Key Subjects 212 3 rd Quarter Financial Results Summary Changes in Scope of Consolidation, Major Affiliated Companies Financial
More informationFourth Quarter 2016 Performance Summary
Fourth Quarter 2016 Performance Summary Operational and Financial Highlights - 2016 Net profit rises by +2.5% to Euros 545.5 million Recurring sales (excluding Raw Materials and Others) rise by +4.5% (+4.6%
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 informationGlobal economy on track for solid recovery
Global economy on track for solid recovery World real GDP grew by 5 percent in 20 Real GDP growth, percent 8 6 4 2 0-2 -4 Emerging and developing economies Advanced economies World -6 1980 1985 1990 1995
More informationOUTLOOK 2014/2015. BMO Asset Management Inc.
OUTLOOK 2014/2015 BMO Asset Management Inc. We would like to take this opportunity to provide our capital markets outlook for the remainder of 2014 and the first half of 2015 and our recommended asset
More informationEconomic Indicators. Roland Berger Institute
Economic Indicators Roland Berger Institute October 2017 Overview Key points Economic Indicators A publication, compiled by the Roland Berger Institute, that provides you with the most important macroeconomic
More informationJuly 2012 Chartbook The Halftime Report
Average Daily $VA LUE Traded ($Billions ) $Billions (212 ( US China Japan CHI-X London Hong Kong Germany France Canada Korea Australia Brazil Taiwan Spain India Italy $billions Switzerland Sweden Amsterdam
More informationReal Effective Exchange Rate based on CPI as Price Index for India*
Real Effective Exchange Rate based on CPI as Price Index for India ARTICLE Real Effective Exchange Rate based on CPI as Price Index for India* Effective exchange rates are summary indicators of movements
More informationInterim Report Q3 2013
Interim Report Q3 2013 CEO Mika Seitovirta CFO Reinhard Florey November 1, 2013 Disclaimer This presentation contains, or may be deemed to contain, statements that are not historical facts but forward-looking
More informationInternational Travel & Tourism Study (Published March 2005)
International Travel & Tourism Study (Published March 2005) Roy Morgan International conducts surveys in the US,, Australia, New Zealand and Indonesia on a continuous basis. Respondents are asked about
More informationPrice report Index. Daily Market. MIBEL: Energy, economic volume and technologies. Intraday Market. Settlement of the Daily and Intraday Market
Price report 217 Index. Price report 217 1. MIBEL: Energy, economic volume and technologies pag. 2 2. Daily Market pag. 7 3. Intraday Market pag. 12 4. Settlement of the Daily and Intraday Market pag.
More informationExane BNP Paribas Basic Materials Seminar April 1st, Aperam 1
Exane BNP Paribas Basic Materials Seminar April 1st, 2014 Aperam 1 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about Aperam and its subsidiaries.
More informationMonthly Rolling Economic Electronic Presentation August 2017
CHILE AT A GLANCE Monthly Rolling Economic Electronic Presentation August 2017 CURRENT ECONOMIC PERFORMANCE GDP GROWTH (% over same quarter previous year) 3 2,5 2 1,5 1 0,5 0 QIV 2014 QI 2015 QII 2015
More informationSCHMOLZ + BICKENBACH Analysts/Investors Presentation FY/Q Results. Zurich, 24 March 2016
SCHMOLZ + BICKENBACH Analysts/Investors Presentation FY/Q4 2015 Results Zurich, 24 March 2016 1 2 3 BUSINESS REVIEW FULL-YEAR 2015 FINANCIAL PERFORMANCE FULL-YEAR / FOURTH QUARTER 2015 ROADMAP & OUTLOOK
More informationCreditor and Lifestyle Protection Insurance
Creditor and Lifestyle Protection Insurance Worldwide analysis of creditor protection insurance linked to mortgages, point-of-sale automotive finance, other consumer finance and credit cards in 40 countries;
More informationMonetary Policy under Fed Normalization and Other Challenges
Javier Guzmán Calafell, Deputy Governor, Banco de México* Santander Latin America Day London, June 28 th, 2018 */ The opinions and views expressed in this document are the sole responsibility of the author
More informationRecent Asia experiences with capital flows
Recent Asia experiences with capital flows Rob Subbaraman, Chief Economist Asia Ex-Japan December 2007 Asia ex-japan's total balance of payments % of GDP 10 8 6 4 2 0-2 -4 1996 1997 1998 1999 2000 2001
More informationNAVIGATING A MATURING BULL MARKET II
NAVIGATING A MATURING BULL MARKET II NAVIGATING A MATURING BULL MARKET 1 12 %YY 10 8 6 4 2 0-2 2011 2012 2013 2014 2015 2016 2017 Global AE EM NAVIGATING A MATURING BULL MARKET 2 NAVIGATING A MATURING
More informationInvestor Day Isbergues November 26, Sandeep Jalan Chief Financial Officer. Aperam 0
Investor Day Isbergues November 26, 2014 Sandeep Jalan Chief Financial Officer Aperam 0 Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about
More informationErdemir Group 2009 Consolidated Financial Results
Erdemir Group 2009 Consolidated Financial Results 22 February 2010 1 /28 DISCLAIMER Ereğli Demir Çelik Fabrikaları T.A.Ş. (Erdemir) may, when necessary, make written or verbal announcements about forward-looking
More information