Slides BASF Analyst Conference Q3 2012

1,065 views
956 views

Published on

Charts accompanying the 3Q2012 Conference Call for investors and analysts on October 25, 2012

Published in: Investor Relations
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,065
On SlideShare
0
From Embeds
0
Number of Embeds
13
Actions
Shares
0
Downloads
14
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Slides BASF Analyst Conference Q3 2012

  1. 1. BASF maintains good business performance Third Quarter 2012 Financial Highlights October 25, 2012BASF 3rd Quarter 2012 Analyst Conference Call 1
  2. 2. Forward-looking statementsThis presentation includes forward-looking statements that are subject to risks anduncertainties, including those pertaining to the anticipated benefits to be realized from theproposals described herein. This presentation contains a number of forward-lookingstatements including, in particular, statements about future events, future financialperformance, plans, strategies, expectations, prospects, competitive environment,regulation and supply and demand. BASF has based these forward-looking statements onits views with respect to future events and financial performance. Actual financialperformance of the entities described herein could differ materially from that projected in theforward-looking statements due to the inherent uncertainty of estimates, forecasts andprojections, and financial performance may be better or worse than anticipated. Given theseuncertainties, readers should not put undue reliance on any forward-looking statements.Forward-looking statements represent estimates and assumptions only as of the date thatthey were made. The information contained in this presentation is subject to change withoutnotice and BASF does not undertake any duty to update the forward-looking statements,and the estimates and assumptions associated with them, except to the extent required byapplicable laws and regulations.BASF 3rd Quarter 2012 Analyst Conference Call 2
  3. 3. BASF maintains good businessperformance in Q3 2012 Business performance Q3’12 vs. Q3’11  Sales €19.0 billion +8%  EBITDA €2.8 billion +4%  EBIT before special items €2.1 billion +5%  EBIT €2.0 billion +6%  Net income €0.9 billion (21%)  EPS €1.03 (21%)  Adjusted EPS €1.19 (22%)Sales development Period Volumes Prices Portfolio Currencies Q3’12 vs. Q3’11  7%  (4%)  (1)%  6%  Favorable business development in Agricultural Solutions and Oil & Gas  Earnings in chemical activities did not match the previous year’s levelBASF 3rd Quarter 2012 Analyst Conference Call 3
  4. 4. Ongoing portfolio optimization Becker Underwood Restructuring of Asset swap with Statoil Construction Chemicals Photo: Statoil BASF to acquire Becker Underwood  BASF is strengthening  Acquisition of equity in 3 producing $1.02 billion (€785 million) purchase competitiveness of Construction fields in Norway: Brage (32.7%), price Chemicals in Europe Gjøa (15%), Vega (30%) Strengthens global crop protection  Measures include:  2P reserves of ~100 million boe business - Adjusting business to declining  Rise in daily production in Norway Leading global provider of technologies markets in Southern Europe and from 3,000 to 40,000 boepd for biological seed treatment Great Britain  Statoil to receive 2012 (E) Sales $240 million (€185 - Enhancing overall efficiency and - 15% in development field Edvard million) customer focus Grieg Merger control approvals pending  About 400 positions in Europe are - $1.35 billion affected - up to additional $100 million depending on success of VegaBASF 3rd Quarter 2012 Analyst Conference Call 4
  5. 5. Outlook 2012 confirmed Outlook 2012  For the FY 2012, BASF aims to exceed the record levels of sales and EBIT before special items achieved in 2011  BASF will strive again to earn a high premium on cost of capital  Chemical activities - We do not expect demand to pick up in the fourth quarter 2012 - Therefore, 2012 EBIT before special items of chemical activities will come in below the level of the previous year. Assumptions 2012  GDP: +2.2% (before: 2.3%)  Industrial production: +2.8% (before: 3.4%)  Chemical production: +2.9% (before: 3.5%)  US$/Euro: 1.30 (unchanged)  Oil price (US$/bbl): 110 (unchanged)BASF 3rd Quarter 2012 Analyst Conference Call 5
  6. 6. ChemicalsDeclining margins and plant shutdownsQ3’12 segment sales (million €) vs. Q3’11 EBIT before special items (million €)Intermediates Inorganics 485 +36% 800767+14% 621 600 467 459 €3,556 381 436 400 +12% 200 Petrochemicals 2,304 0 +8% Q3 Q4 Q1 Q2 Q3 2011 2012 Sales development Period Volumes Prices Portfolio Currencies Q3’12 vs. Q3’11  4%  (9%)  10%  7%BASF 3rd Quarter 2012 Analyst Conference Call 6
  7. 7. PlasticsSignificantly weaker margins for polyamide precursorsQ3’12 segment sales (million €) vs. Q3’11 EBIT before special items (million €)Polyurethanes 4001,655 317+12% 256 €2,969 219 218 200 +6% 110 Performance Polymers 0 1,314 Q3 Q4 Q1 Q2 Q3 (1%) 2011 2012Sales development Period Volumes Prices Portfolio Currencies Q3’12 vs. Q3’11 0%  (1%)  1%  6%BASF 3rd Quarter 2012 Analyst Conference Call 7
  8. 8. Performance ProductsCompetitive market environment and higher fixed costsQ3’12 segment sales (million €) vs. Q3’11 EBIT before special items (million €)Care Chemicals Performance 6001,233 Chemicals(3%) 933 440 452 446 +3% 400 347Nutrition €4,015& Health +1% 220492 200+4% DispersionsPaper Chemicals & Pigments 0 947 Q3 Q4 Q1 Q2 Q3410(3%) +2% 2011 2012Sales development Period Volumes Prices Portfolio Currencies Q3’12 vs. Q3’11  (2%)  (2%) 0%  5%BASF 3rd Quarter 2012 Analyst Conference Call 8
  9. 9. Functional SolutionsLower volumes and prices in precious metal tradingQ3’12 segment sales (million €) vs. Q3’11 EBIT before special items (million €)Catalysts Construction 2001,446 Chemicals 162(10%) 634 148 138 150 134 +6% €2,847 88 100 -2% 50 Coatings 0 767 Q3 Q4 Q1 Q2 Q3 +10% 2011 2012Sales development Period Volumes Prices Portfolio Currencies Q3’12 vs. Q3’11  (5%)  (5%)  2%  6%BASF 3rd Quarter 2012 Analyst Conference Call 9
  10. 10. Agricultural SolutionsSuccessful start of season in South AmericaQ3’12 segment sales (million €) vs. Q3’11 EBIT before special items (million €) 200 1711.000 908 1,008 150 95 100 500 50 0 0 Q3 Q3 Q3 Q3 2011 2012 2011 2012Sales development Period Volumes Prices Portfolio Currencies Q3’12 vs. Q3’11  3% 0% 0%  8%BASF 3rd Quarter 2012 Analyst Conference Call 10
  11. 11. Oil & GasIncreased oil production in LibyaQ3’12 segment sales (million €) vs. Q3’11 EBIT bSI/Net income (million €)Exploration & 1,068 1,000Production 8001,360+155% 600 €3,372 400 350 971 +54% 200 227 225 322 Natural Gas 123 97 0 Trading Q3/2011 Q3/2012 2,012 +21% Exploration & Production Non compensable oil taxes (Q3 2011: €0 million; Q3 2012: €492 million) Natural Gas Trading Net incomeSales development Period Volumes Prices/Currencies Portfolio Q3’12 vs. Q3’11  60%  (5%)  1%BASF 3rd Quarter 2012 Analyst Conference Call 11
  12. 12. Review of “Other” Million € Q3 2012 Q3 2011 Sales 1,243 1,637 thereof Styrenics - 739 EBIT before special items (331) (21) thereof Corporate research (92) (86) Group corporate costs (63) (58) Currency results, hedges and other (247) 104 valuation effects Styrenics, fertilizers, other businesses 31 82 Special items (45) (33) EBIT (376) (54)BASF 3rd Quarter 2012 Analyst Conference Call 12
  13. 13. Strong operating cash flow of €5.2 billion Jan - Sep Jan - Sep Million € 2012 2011 Cash provided by operating activities 5,156 5,028 thereof Changes in net working capital (667) (1,337) Cash provided by investing activities (2,081) (957) thereof Payments related to tangible / intangible assets (2,780) (2,101) thereof Acquisitions / divestitures 411 (22) Cash used in financing activities (3,395) (4,105) thereof Changes in financial liabilities (797) (1,727) Dividends (2,593) (2,378) Free cash flow 2,376 2,927 Third quarter 2012  Operating cash flow: €1.7 billion  Free cash flow: €0.6 billion  Capex: €1.1 billion  Net debt decreased by €0.6 billion to €11.0 billion in comparison to YTD 2011BASF 3rd Quarter 2012 Analyst Conference Call 13
  14. 14. BASF 3rd Quarter 2012 Analyst Conference Call 14

×