Press conference K+S Aktiengesellschaft on November 15, 2001 Interim Report as of September 30, 2001

Transcription

1 1 Press conference K+S Aktiengesellschaft on Interim Report as of September 30, 2001

2 Bases and ideas for life and growth 2 We provide essential bases and ideas for life and growth We contribute towards the nourishment, health and safety of mankind Kali und Salz has become K+S, a k räftige (strong) and s tarke (robust) brand

3 as of September 30, Sales Earnings before interest and taxes (EBIT) Earnings after taxes 1.7 billion (+9%) million (+4%) million (- 1%) Employees Ratio of trainees 9,757 (+6%) 5.5 %

4 Earnings per share as of September 30 4 Earnings after taxes - per share - DVFA earnings - per share - +2% -10% base: average number of outstanding shares (2000: 44.5 million; 2001: 43.4 million)

5 K+S Aktiengesellschaft Development of the K+S share price per share Jan. July Jan. July Jan. July Jan. July source: Deutsche Börse AG, Frankfurt/Main

6 Cash flow and capital expenditures as of September 30 million Changes Gross cash flow % Capital expenditures %

7 The new Kieserite plant in Sigmundshall 7 will strengthen our position in the market and open up new earnings potentials

8 Our business segments 8... Frisia Zout B.V. KTG U B T Potash and Magnesium Products COMPO fertiva Salt Waste Management and Recycling Services and Trading Carefully directed networking: K+S is more than just the sum of the individual activities

9 Earnings structure as of September 30, Services and Trading Waste Management and Recycling Potash and Magnesium Products Salt COMPO fertiva EBIT: million

10 Potash and Magnesium Products as of September 30, 2001 in million 10 Sales % EBIT % Declines in Europe due to the weather compensated by increased demand for industrial potash and potassium sulphate Altogether good environment for further favourable development

11 COMPO as of September 2001 in million 11 Sales % EBIT % Sales increase mainly due to acquisitions and consolidation Strong demand for ENTEC fertilizers Higher integration costs than planned Green market offers excellent prospects

12 fertiva as of September 2001 in million 12 Sales % EBIT Decline on account of the weather Margins remain at good level Structural adjustments in Western European fertilizer industry Focus especially on Europe

13 Salt as of September 30, 2001 in million 13 Sales % EBIT >100% Disproportionate increase in sales of de-icing salt New market opportunities in industrial salt business consequently exploited by Frisia Zout B.V. Earnings potential for salt promising

14 Joint venture with Solvay 14 Contract negotiations on joint venture with Solvay successfully concluded Approval of EU Commission still outstanding Joint venture company esco (european salt company): 1,400 employees, sales approx. 300 million Cost reduction potentials Production locations in Europe close to customers

15 Waste Management and Recycling as of September 30, 2001 in million 15 Sales % EBIT % Normalization of earnings contribution Persistent development to system supplier and expansion in Europe - further continuous improvement in profits

16 Services and Trading as of September 30, 2001 in million 16 Sales % EBIT % Stronger trading business with calcium chloride due to the weather Increased contribution to earnings from data process Earnings-oriented expansion of our market positions

17 Business outlook for 2001 as a whole 17 Altogether positive business trends Increased sales of Potash and Magnesium Products, COMPO and Salt Cost increases and higher integration costs burden COMPO earnings in current year Waste Management business back at normal level Earnings close to last year's very good level - higher dividend possible

18 Corporate restructuring 18 K+S Aktiengesellschaft merger Kali und Salz GmbH Potash and Magnesium Products spin-off Salt 100% K+S Kali GmbH K+S Salz GmbH 100%

19 Strong market positions Lower energy and integration costs New synergy and growth opportunities due to acquisitions/cooperation agreements This again opens up very good earnings potentials Attractive dividends Appropriate particiation of the employees Company with strong substance and healthy growth