The document summarizes Klöckner & Co SE's financial results for Q4 and FY 2012. Key points include:
- EBITDA was €139m for FY 2012 and €22m for Q4 2012, down from previous year due to challenging steel markets and restructuring costs.
- Sales increased 4.1% for FY 2012 but decreased 6.1% for Q4 2012.
- A restructuring program reduced over 1,800 employees and closed 40 of 60 planned sites, contributing €51m in cost savings.
- The restructuring is ahead of plan with two-thirds completed to improve profitability going forward.
Klöckner & Co - Roadshow Presentation March 6-7, 2013Klöckner & Co SE
Klöckner & Co reported challenging financial results in 2012 due to weak steel markets in Europe and the US. EBITDA declined 38.6% year-over-year due to restructuring costs and market pressures. However, the company made progress on its restructuring plan, closing sites and reducing headcount ahead of schedule. Free cash flow was positive due to tight working capital management. Looking forward, management expects the restructuring efforts to contribute €200 million in EBITDA improvements in 2013, assuming markets stabilize.
Klöckner & Co - Roadshow Presentation April 9, 2013Klöckner & Co SE
Klöckner & Co SE reported financial results for 2012 that were impacted by challenging steel markets and restructuring costs. Sales increased 4.1% while EBITDA declined due to restructuring charges of €62 million. The company made progress on its restructuring plan, closing sites and reducing headcount ahead of schedule. Free cash flow was strongly positive at €67 million due to tight working capital management. Net debt was significantly reduced despite impairments through cash generation and working capital efficiency.
Klöckner & Co - 11th HSBC's Equity Conference Paris 2013Klöckner & Co SE
The document summarizes Klöckner & Co SE's financial results for Q4 and FY 2012. Key points include:
- EBITDA before restructuring costs was €139m for FY2012, down from €227m the prior year due to challenging steel markets in Europe and the US.
- Net income was negatively impacted at -€198m by restructuring costs and other one-offs.
- Sales improved 4.1% to €7.4bn while turnover grew 6.1% to 7.1 million tons.
- The US continued to be a growth driver with a 31% increase in turnover year-over-year.
- Restructuring measures aimed to
Klöckner & Co - Roadshow Presentation March 20, 2013Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented its financial results and outlook at a roadshow in Dublin on March 20, 2013. The presentation discussed Klöckner's restructuring efforts to improve profitability, including site closures and workforce reductions, with the restructuring program ahead of plan. Financial results for 2012 were impacted by challenging steel markets and restructuring costs, but free cash flow was positive due to working capital management. Klöckner expects the restructuring measures to contribute to improved earnings of around €200 million EBITDA in 2013.
Klöckner & Co SE reported financial results for Q4 and FY 2012. Key highlights include:
- EBITDA before restructuring costs was €139m for FY2012, down from €227m in FY2011, due to challenging steel markets in Europe and the US.
- Net income was negatively impacted at -€198m by high restructuring costs and other one-off expenses related to a restructuring program.
- Sales improved 4.1% to €7.4bn for FY2012 despite a 6.1% decline in turnover to 7.1 million tons, driven by growth in higher-margin products and services.
- The restructuring program has already
Klöckner & Co - Roadshow Presentation March 12, 2013Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented at a Morgan Stanley roadshow in London on March 12, 2013. The presentation highlighted that while steel markets, especially in Europe, remained challenging, the company's restructuring was ahead of plan. Key points included that over 1,200 employees and 40 sites had been reduced as part of the restructuring. The company expected the restructuring measures to contribute around €200 million in EBITDA in 2013, allowing it to return to profitable growth. Net debt was also significantly reduced through tight working capital management.
Klöckner & Co - Roadshow Presentation March 13-14, 2013Klöckner & Co SE
Klöckner & Co SE reported financial results for 2012 that were impacted by challenging steel markets in Europe and restructuring costs. EBITDA before restructuring was €139 million, down from €227 million in 2011. Net income declined to a loss of €198 million due to restructuring costs and other one-time charges. However, the company reduced net debt by €49 million year-over-year through strict working capital management. The restructuring program was ahead of plan with €51 million in cost savings in 2012 and further reductions expected in 2013.
Klöckner & Co - Bankhaus Lampe DeutschlandkonferenzKlöckner & Co SE
This document summarizes Klöckner & Co's financial results for Q4 and FY 2012. Key points include:
1) EBITDA was negatively impacted by €62 million in restructuring costs, but excluding this was €139 million for FY 2012.
2) Sales increased 4.1% for FY 2012 but declined 6.1% in Q4 reflecting seasonal slowdown and restructuring measures.
3) The company made progress on its restructuring plan, reducing headcount by over 1,200 and closing 40 of 60 planned sites.
Klöckner & Co - Roadshow Presentation March 6-7, 2013Klöckner & Co SE
Klöckner & Co reported challenging financial results in 2012 due to weak steel markets in Europe and the US. EBITDA declined 38.6% year-over-year due to restructuring costs and market pressures. However, the company made progress on its restructuring plan, closing sites and reducing headcount ahead of schedule. Free cash flow was positive due to tight working capital management. Looking forward, management expects the restructuring efforts to contribute €200 million in EBITDA improvements in 2013, assuming markets stabilize.
Klöckner & Co - Roadshow Presentation April 9, 2013Klöckner & Co SE
Klöckner & Co SE reported financial results for 2012 that were impacted by challenging steel markets and restructuring costs. Sales increased 4.1% while EBITDA declined due to restructuring charges of €62 million. The company made progress on its restructuring plan, closing sites and reducing headcount ahead of schedule. Free cash flow was strongly positive at €67 million due to tight working capital management. Net debt was significantly reduced despite impairments through cash generation and working capital efficiency.
Klöckner & Co - 11th HSBC's Equity Conference Paris 2013Klöckner & Co SE
The document summarizes Klöckner & Co SE's financial results for Q4 and FY 2012. Key points include:
- EBITDA before restructuring costs was €139m for FY2012, down from €227m the prior year due to challenging steel markets in Europe and the US.
- Net income was negatively impacted at -€198m by restructuring costs and other one-offs.
- Sales improved 4.1% to €7.4bn while turnover grew 6.1% to 7.1 million tons.
- The US continued to be a growth driver with a 31% increase in turnover year-over-year.
- Restructuring measures aimed to
Klöckner & Co - Roadshow Presentation March 20, 2013Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented its financial results and outlook at a roadshow in Dublin on March 20, 2013. The presentation discussed Klöckner's restructuring efforts to improve profitability, including site closures and workforce reductions, with the restructuring program ahead of plan. Financial results for 2012 were impacted by challenging steel markets and restructuring costs, but free cash flow was positive due to working capital management. Klöckner expects the restructuring measures to contribute to improved earnings of around €200 million EBITDA in 2013.
Klöckner & Co SE reported financial results for Q4 and FY 2012. Key highlights include:
- EBITDA before restructuring costs was €139m for FY2012, down from €227m in FY2011, due to challenging steel markets in Europe and the US.
- Net income was negatively impacted at -€198m by high restructuring costs and other one-off expenses related to a restructuring program.
- Sales improved 4.1% to €7.4bn for FY2012 despite a 6.1% decline in turnover to 7.1 million tons, driven by growth in higher-margin products and services.
- The restructuring program has already
Klöckner & Co - Roadshow Presentation March 12, 2013Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that presented at a Morgan Stanley roadshow in London on March 12, 2013. The presentation highlighted that while steel markets, especially in Europe, remained challenging, the company's restructuring was ahead of plan. Key points included that over 1,200 employees and 40 sites had been reduced as part of the restructuring. The company expected the restructuring measures to contribute around €200 million in EBITDA in 2013, allowing it to return to profitable growth. Net debt was also significantly reduced through tight working capital management.
Klöckner & Co - Roadshow Presentation March 13-14, 2013Klöckner & Co SE
Klöckner & Co SE reported financial results for 2012 that were impacted by challenging steel markets in Europe and restructuring costs. EBITDA before restructuring was €139 million, down from €227 million in 2011. Net income declined to a loss of €198 million due to restructuring costs and other one-time charges. However, the company reduced net debt by €49 million year-over-year through strict working capital management. The restructuring program was ahead of plan with €51 million in cost savings in 2012 and further reductions expected in 2013.
Klöckner & Co - Bankhaus Lampe DeutschlandkonferenzKlöckner & Co SE
This document summarizes Klöckner & Co's financial results for Q4 and FY 2012. Key points include:
1) EBITDA was negatively impacted by €62 million in restructuring costs, but excluding this was €139 million for FY 2012.
2) Sales increased 4.1% for FY 2012 but declined 6.1% in Q4 reflecting seasonal slowdown and restructuring measures.
3) The company made progress on its restructuring plan, reducing headcount by over 1,200 and closing 40 of 60 planned sites.
Klöckner & Co - Roadshow Presentation March 15, 2013Klöckner & Co SE
The document is a presentation by the CFO of Klöckner & Co SE, a leading multi-metal distributor, given on March 15, 2013. It summarizes Klöckner's financial results for 2012, which were impacted by challenging steel markets and restructuring costs, but shows that the restructuring program is ahead of plan. It also outlines Klöckner's strategy to focus on value-added services and higher-margin products in Europe and the US, as well as its strong balance sheet and debt reduction.
Klöckner & Co SE reported financial results for FY 2012 and Q4 2012. FY 2012 EBITDA before restructuring costs was €139 million, down from €227 million in FY 2011 due to challenging steel markets. Net income was negatively impacted at -€198 million by restructuring costs and impairments. However, the company made progress in its restructuring plan, reducing overhead costs and closing underperforming sites. Free cash flow was strongly positive at €67 million due to tight net working capital management. The outlook expects earnings improvement in 2013 as the benefits of restructuring materialize.
The document discusses Klöckner & Co SE's Q2 2012 results, noting that turnover increased 5.7% year-over-year driven by acquisitions and organic growth in the US, while EBITDA was €50 million which met guidance despite restructuring expenses of €17 million and a worsening market environment in Europe. It also provides an update on the company's restructuring measures in response to declining steel demand and overcapacity, including structural changes and site closures in Spain and France.
- Klöckner & Co SE reported Q3 2012 results, with sales down 2.0% year-over-year to €1,847 million due to a 4.6% decline in Europe offset by 9.4% growth in the Americas. EBITDA was €19 million, below guidance due to further price pressure.
- The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150 million starting in 2014.
- For the full year, sales are up 7.4% to €5,755 million due to organic growth in the Americas compensating for
Klöckner & Co - German Corporate Conference 2013Klöckner & Co SE
- Klöckner & Co SE is a leading multi-metal distributor based in Germany.
- In Q3 2012, sales declined 2.0% year-over-year to €1,847m due to price erosion in Europe, though the US saw 9.4% growth.
- EBITDA was €19m, below guidance due to further price pressure, and the restructuring program is being expanded significantly.
Klöckner & Co - Q3 2013 Results, Press Telephone Conference, November 6, 2013Klöckner & Co SE
- Gisbert Rühl, CEO of Klöckner & Co SE, presented Q3 2013 results and outlook. Key points include:
- Q3 EBITDA of €39M met guidance despite weak European markets, due to cost cutting measures.
- Restructuring program KCO 6.0 is far advanced, with 61 of 71 sites closed and over 2,000 job cuts realized.
- Additional optimization measures called KCO WIN are expected to contribute €20M to EBITDA in 2014 and €30M from 2015 onward.
- Full year EBITDA target of €140M and positive free cash flow are confirmed. The outlook remains cautious due to
- Klöckner & Co reported results for Q1 2012, with turnover increasing 24% year-over-year driven by acquisitions in the Americas. EBITDA declined significantly from last year due to adverse market conditions in Europe.
- The company provided an update on its profitability action plan in Europe and the Americas, including headcount reductions, plant closures, and integration efforts.
- For full-year 2012, the company expects turnover to increase around 5% but EBITDA growth will depend on the economic recovery in Europe in the second half of the year.
The document summarizes Klöckner & Co SE's restructuring program called KCO 6.0. The program aims to reduce costs by €190M annually and employees by over 2,000 through closing approximately 70 sites. So far the program has reduced employees by 1,365 and closed 24 sites. The restructuring is showing success in improving gross margins and reducing costs, though sales volumes remain challenging. The program is expected to have a total annual EBITDA impact of around €160M once fully implemented.
Klöckner & Co has undergone a major restructuring program called KCO 6.0 to transform its business model. The program is reducing costs by €190 million annually through closing 70 sites and reducing employees by over 2,000. KCO 6.0 is increasing the company's EBITDA by around €160 million annually from 2014 onward. The restructuring is shifting KCO's business focus toward higher-margin regions and products in Europe and the Americas.
Klöckner & Co - German, Swiss & Austrian Conference 2012Klöckner & Co SE
The document is a presentation by Klöckner & Co SE providing an overview of the company's performance in Q1 2012 and an update on its profitability action plan. Key points include:
- Q1 2012 turnover increased 24% year-over-year driven by acquisitions, but EBITDA declined significantly from last year's windfall gains.
- Measures to improve European profitability are on track, including headcount reductions and closing underperforming businesses.
- The Americas segment outperformed Europe in both sales and EBITDA.
- Full implementation of profitability initiatives is expected by mid-2012, with the outlook anticipating a recovery in the second half could lead to flat E
Klöckner & Co - Baader Investment Conference 2012Klöckner & Co SE
- Klöckner & Co SE reported sales of €1.964 billion for Q2 2012, up 4.2% year-over-year, while adjusted EBITDA was €50 million, meeting guidance.
- The company has significantly expanded the scope of its restructuring measures in response to weak steel demand and overcapacity, recognizing €17 million in restructuring expenses in Q2 primarily related to actions in Spain.
- While achieving last year's full-year EBITDA appears unlikely due to the deteriorating situation in Europe, growth continues in the US with the integration of Macsteel supporting above market expansion.
Klöckner & Co - German Investment Conference 2012Klöckner & Co SE
- Klöckner & Co SE reported a 5.7% increase in turnover for Q2 2012 driven by acquisitions and organic growth in the US and Americas. However, the European market saw a 7.9% decline due to exiting low margin business.
- EBITDA of €50M met guidance before restructuring costs of €17M primarily related to restructuring measures in Spain.
- The scope of restructuring was expanded significantly in response to a 25% decline in steel demand compared to peak levels and continued overcapacity in distribution. Measures aimed to right-size operations and position the company for potential recovery.
Klöckner & Co - Baader Bank AG, Baader Investment Conference, September 24, 2013Klöckner & Co SE
Christian Pokropp, Head of Investor Relations & Corporate Communications at Klöckner & Co SE, presented an overview of the company and its financial results for Q2 and H1 2013. Key highlights include:
- Klöckner & Co saw turnover decline 9.3% in Q2 and 10.3% in H1 due to weaker European markets and its restructuring program, though gross margins improved.
- EBITDA was €43m for Q2 and €72m for H1, meeting guidance due to cost cuts from its restructuring program KCO 6.0.
- The company has closed 60 of 70 targeted sites and reduced employees by 1,800 as part of its
Klöckner & Co - Commerzbank Sector Conference Week, August 30, 2013Klöckner & Co SE
The document summarizes Klöckner & Co SE's financial results for the second quarter of 2013. Key points include: Sales were down 13.5% year-over-year due to declining steel markets and price levels, while turnover declined 9.3% due to restructuring measures. Gross profit margin improved to 18% despite lower sales. EBITDA increased to €43 million compared to €33 million in Q2 2012, due to cost cuts of €24 million from restructuring. The company expects operating EBITDA of €30-40 million for Q3 2013 and has targeted full-year operating EBITDA at the prior year level of €140 million.
- The Generali Group reported its 2013 results, with operating profit increasing 5.3% to €4.2 billion despite challenging market conditions.
- Net income increased significantly to €1.9 billion from €94 million in 2012, though several one-off items impacted Q4 results.
- The Solvency I ratio was 141% at year-end, up from 145% in 2012, and is estimated to be around 150% currently.
Klöckner & Co - Q3 2013 Results, Analysts' and Investors' Conference, Novemb...Klöckner & Co SE
- Klöckner & Co reported Q3 2013 results with turnover down 8.3% year-over-year to €1.6 billion due to weak steel markets and restructuring measures. Gross profit margin improved to 18.5% from 16.6% in Q3 2012.
- EBITDA was €39 million, meeting guidance of €30-40 million. Restructuring program KCO 6.0 has realized €94 million of €160 million targeted annual EBITDA impact.
- Additional optimization measures through KCO WIN are expected to contribute €20 million to EBITDA in 2014 and €30 million annually thereafter. The company confirmed its full-year EBITDA target of
Klöckner & Co - UBS Best of Germany Conference, September 17, 2013Klöckner & Co SE
- Klöckner & Co's Q2 2013 financial results showed declines in turnover, sales, and gross profit compared to Q2 2012 due to weak steel markets and ongoing restructuring efforts. The EBITDA of €43m met guidance due to cost reductions from restructuring measures.
- Turnover decreased 9.3% to €1,698m and sales decreased 13.5% to €1,690m as a result of market declines, site closures, and exiting low-margin business. However, the gross margin improved.
- Restructuring measures have significantly reduced costs and are on track to achieve the targeted annual EBITDA impact of around €160m, with €17m
- Klöckner & Co SE reported Q3 2011 results, with sales up 8.0% to €1.885 billion but EBITDA down 39.7% to €37 million due to price deterioration and margin contraction.
- For the first 9 months of 2011, sales increased 17.1% to €5.357 billion while EBITDA rose 6.8% to €203 million.
- The company launched a profitability action plan targeting a 1% EBITDA margin increase annually through restructuring and divestitures.
The document provides an investor update on AkzoNobel's Q2 2013 results. Key highlights include revenue declining 4% due to divestments, operating income of €322 million, and net income attributable to shareholders of €429 million. Challenging market conditions impacted Decorative Paints and Specialty Chemicals in particular. The Performance Improvement Program delivered €131 million in benefits in 1H2013 and is on track to achieve its €500 million target by year-end. Restructuring costs are expected to be €325 million for the full year.
The document provides an investor update on AkzoNobel's Q3 2013 results. Key highlights include:
- Revenue was down 5% due to currency effects and divestments, while operating income increased to €303 million.
- Decorative Paints revenue was stable and operating income more than doubled due to lower costs.
- Performance Coatings revenue declined 4% from currency impacts, while income grew 23% on lower restructuring costs.
- Specialty Chemicals revenue fell 10% from a divestment and currencies, with income down 20% including restructuring costs.
- The performance improvement program is on track to deliver €500 million in benefits by the end of 2013.
Klöckner & Co - Roadshow Presentation February, 2008Klöckner & Co SE
Gisbert Rühl, CFO of Klöckner & Co, a leading multi metal distributor, presented an overview and market expectations for 2008. Steel prices in Europe and North America increased significantly in January/February 2008 and are expected to continue rising throughout Q1 and Q2. Klöckner reported preliminary FY 2007 results above guidance with sales of €6.3 billion and EBITDA of €365 million. For 9M 2007, underlying EBITDA improved by €52 million driven by the STAR program's purchasing and distribution initiatives. Rühl outlined Klöckner's growth strategy of acquisitions, organic expansion, and continued STAR optimization to drive further profitable growth.
Klöckner & Co - 1st Klöckner & Co Analysts' and Investors' Meeting September ...Klöckner & Co SE
Klöckner & Co AG is a large steel and metals distribution company operating in Switzerland. It has 1,870 employees working across 30 locations nationwide. The company has three main business units: steel and metals, which accounts for 36% of sales; reinforcement steel and specialties, 17% of sales; and technical products, 31% of sales. Klöckner & Co AG also has an additional division called KVT that specializes in fastening solutions and sealing technologies. The company aims to further expand its network of outlets, product portfolio, and service offerings to continue growing in the saturated Swiss market.
Klöckner & Co - Roadshow Presentation March 15, 2013Klöckner & Co SE
The document is a presentation by the CFO of Klöckner & Co SE, a leading multi-metal distributor, given on March 15, 2013. It summarizes Klöckner's financial results for 2012, which were impacted by challenging steel markets and restructuring costs, but shows that the restructuring program is ahead of plan. It also outlines Klöckner's strategy to focus on value-added services and higher-margin products in Europe and the US, as well as its strong balance sheet and debt reduction.
Klöckner & Co SE reported financial results for FY 2012 and Q4 2012. FY 2012 EBITDA before restructuring costs was €139 million, down from €227 million in FY 2011 due to challenging steel markets. Net income was negatively impacted at -€198 million by restructuring costs and impairments. However, the company made progress in its restructuring plan, reducing overhead costs and closing underperforming sites. Free cash flow was strongly positive at €67 million due to tight net working capital management. The outlook expects earnings improvement in 2013 as the benefits of restructuring materialize.
The document discusses Klöckner & Co SE's Q2 2012 results, noting that turnover increased 5.7% year-over-year driven by acquisitions and organic growth in the US, while EBITDA was €50 million which met guidance despite restructuring expenses of €17 million and a worsening market environment in Europe. It also provides an update on the company's restructuring measures in response to declining steel demand and overcapacity, including structural changes and site closures in Spain and France.
- Klöckner & Co SE reported Q3 2012 results, with sales down 2.0% year-over-year to €1,847 million due to a 4.6% decline in Europe offset by 9.4% growth in the Americas. EBITDA was €19 million, below guidance due to further price pressure.
- The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150 million starting in 2014.
- For the full year, sales are up 7.4% to €5,755 million due to organic growth in the Americas compensating for
Klöckner & Co - German Corporate Conference 2013Klöckner & Co SE
- Klöckner & Co SE is a leading multi-metal distributor based in Germany.
- In Q3 2012, sales declined 2.0% year-over-year to €1,847m due to price erosion in Europe, though the US saw 9.4% growth.
- EBITDA was €19m, below guidance due to further price pressure, and the restructuring program is being expanded significantly.
Klöckner & Co - Q3 2013 Results, Press Telephone Conference, November 6, 2013Klöckner & Co SE
- Gisbert Rühl, CEO of Klöckner & Co SE, presented Q3 2013 results and outlook. Key points include:
- Q3 EBITDA of €39M met guidance despite weak European markets, due to cost cutting measures.
- Restructuring program KCO 6.0 is far advanced, with 61 of 71 sites closed and over 2,000 job cuts realized.
- Additional optimization measures called KCO WIN are expected to contribute €20M to EBITDA in 2014 and €30M from 2015 onward.
- Full year EBITDA target of €140M and positive free cash flow are confirmed. The outlook remains cautious due to
- Klöckner & Co reported results for Q1 2012, with turnover increasing 24% year-over-year driven by acquisitions in the Americas. EBITDA declined significantly from last year due to adverse market conditions in Europe.
- The company provided an update on its profitability action plan in Europe and the Americas, including headcount reductions, plant closures, and integration efforts.
- For full-year 2012, the company expects turnover to increase around 5% but EBITDA growth will depend on the economic recovery in Europe in the second half of the year.
The document summarizes Klöckner & Co SE's restructuring program called KCO 6.0. The program aims to reduce costs by €190M annually and employees by over 2,000 through closing approximately 70 sites. So far the program has reduced employees by 1,365 and closed 24 sites. The restructuring is showing success in improving gross margins and reducing costs, though sales volumes remain challenging. The program is expected to have a total annual EBITDA impact of around €160M once fully implemented.
Klöckner & Co has undergone a major restructuring program called KCO 6.0 to transform its business model. The program is reducing costs by €190 million annually through closing 70 sites and reducing employees by over 2,000. KCO 6.0 is increasing the company's EBITDA by around €160 million annually from 2014 onward. The restructuring is shifting KCO's business focus toward higher-margin regions and products in Europe and the Americas.
Klöckner & Co - German, Swiss & Austrian Conference 2012Klöckner & Co SE
The document is a presentation by Klöckner & Co SE providing an overview of the company's performance in Q1 2012 and an update on its profitability action plan. Key points include:
- Q1 2012 turnover increased 24% year-over-year driven by acquisitions, but EBITDA declined significantly from last year's windfall gains.
- Measures to improve European profitability are on track, including headcount reductions and closing underperforming businesses.
- The Americas segment outperformed Europe in both sales and EBITDA.
- Full implementation of profitability initiatives is expected by mid-2012, with the outlook anticipating a recovery in the second half could lead to flat E
Klöckner & Co - Baader Investment Conference 2012Klöckner & Co SE
- Klöckner & Co SE reported sales of €1.964 billion for Q2 2012, up 4.2% year-over-year, while adjusted EBITDA was €50 million, meeting guidance.
- The company has significantly expanded the scope of its restructuring measures in response to weak steel demand and overcapacity, recognizing €17 million in restructuring expenses in Q2 primarily related to actions in Spain.
- While achieving last year's full-year EBITDA appears unlikely due to the deteriorating situation in Europe, growth continues in the US with the integration of Macsteel supporting above market expansion.
Klöckner & Co - German Investment Conference 2012Klöckner & Co SE
- Klöckner & Co SE reported a 5.7% increase in turnover for Q2 2012 driven by acquisitions and organic growth in the US and Americas. However, the European market saw a 7.9% decline due to exiting low margin business.
- EBITDA of €50M met guidance before restructuring costs of €17M primarily related to restructuring measures in Spain.
- The scope of restructuring was expanded significantly in response to a 25% decline in steel demand compared to peak levels and continued overcapacity in distribution. Measures aimed to right-size operations and position the company for potential recovery.
Klöckner & Co - Baader Bank AG, Baader Investment Conference, September 24, 2013Klöckner & Co SE
Christian Pokropp, Head of Investor Relations & Corporate Communications at Klöckner & Co SE, presented an overview of the company and its financial results for Q2 and H1 2013. Key highlights include:
- Klöckner & Co saw turnover decline 9.3% in Q2 and 10.3% in H1 due to weaker European markets and its restructuring program, though gross margins improved.
- EBITDA was €43m for Q2 and €72m for H1, meeting guidance due to cost cuts from its restructuring program KCO 6.0.
- The company has closed 60 of 70 targeted sites and reduced employees by 1,800 as part of its
Klöckner & Co - Commerzbank Sector Conference Week, August 30, 2013Klöckner & Co SE
The document summarizes Klöckner & Co SE's financial results for the second quarter of 2013. Key points include: Sales were down 13.5% year-over-year due to declining steel markets and price levels, while turnover declined 9.3% due to restructuring measures. Gross profit margin improved to 18% despite lower sales. EBITDA increased to €43 million compared to €33 million in Q2 2012, due to cost cuts of €24 million from restructuring. The company expects operating EBITDA of €30-40 million for Q3 2013 and has targeted full-year operating EBITDA at the prior year level of €140 million.
- The Generali Group reported its 2013 results, with operating profit increasing 5.3% to €4.2 billion despite challenging market conditions.
- Net income increased significantly to €1.9 billion from €94 million in 2012, though several one-off items impacted Q4 results.
- The Solvency I ratio was 141% at year-end, up from 145% in 2012, and is estimated to be around 150% currently.
Klöckner & Co - Q3 2013 Results, Analysts' and Investors' Conference, Novemb...Klöckner & Co SE
- Klöckner & Co reported Q3 2013 results with turnover down 8.3% year-over-year to €1.6 billion due to weak steel markets and restructuring measures. Gross profit margin improved to 18.5% from 16.6% in Q3 2012.
- EBITDA was €39 million, meeting guidance of €30-40 million. Restructuring program KCO 6.0 has realized €94 million of €160 million targeted annual EBITDA impact.
- Additional optimization measures through KCO WIN are expected to contribute €20 million to EBITDA in 2014 and €30 million annually thereafter. The company confirmed its full-year EBITDA target of
Klöckner & Co - UBS Best of Germany Conference, September 17, 2013Klöckner & Co SE
- Klöckner & Co's Q2 2013 financial results showed declines in turnover, sales, and gross profit compared to Q2 2012 due to weak steel markets and ongoing restructuring efforts. The EBITDA of €43m met guidance due to cost reductions from restructuring measures.
- Turnover decreased 9.3% to €1,698m and sales decreased 13.5% to €1,690m as a result of market declines, site closures, and exiting low-margin business. However, the gross margin improved.
- Restructuring measures have significantly reduced costs and are on track to achieve the targeted annual EBITDA impact of around €160m, with €17m
- Klöckner & Co SE reported Q3 2011 results, with sales up 8.0% to €1.885 billion but EBITDA down 39.7% to €37 million due to price deterioration and margin contraction.
- For the first 9 months of 2011, sales increased 17.1% to €5.357 billion while EBITDA rose 6.8% to €203 million.
- The company launched a profitability action plan targeting a 1% EBITDA margin increase annually through restructuring and divestitures.
The document provides an investor update on AkzoNobel's Q2 2013 results. Key highlights include revenue declining 4% due to divestments, operating income of €322 million, and net income attributable to shareholders of €429 million. Challenging market conditions impacted Decorative Paints and Specialty Chemicals in particular. The Performance Improvement Program delivered €131 million in benefits in 1H2013 and is on track to achieve its €500 million target by year-end. Restructuring costs are expected to be €325 million for the full year.
The document provides an investor update on AkzoNobel's Q3 2013 results. Key highlights include:
- Revenue was down 5% due to currency effects and divestments, while operating income increased to €303 million.
- Decorative Paints revenue was stable and operating income more than doubled due to lower costs.
- Performance Coatings revenue declined 4% from currency impacts, while income grew 23% on lower restructuring costs.
- Specialty Chemicals revenue fell 10% from a divestment and currencies, with income down 20% including restructuring costs.
- The performance improvement program is on track to deliver €500 million in benefits by the end of 2013.
Klöckner & Co - Roadshow Presentation February, 2008Klöckner & Co SE
Gisbert Rühl, CFO of Klöckner & Co, a leading multi metal distributor, presented an overview and market expectations for 2008. Steel prices in Europe and North America increased significantly in January/February 2008 and are expected to continue rising throughout Q1 and Q2. Klöckner reported preliminary FY 2007 results above guidance with sales of €6.3 billion and EBITDA of €365 million. For 9M 2007, underlying EBITDA improved by €52 million driven by the STAR program's purchasing and distribution initiatives. Rühl outlined Klöckner's growth strategy of acquisitions, organic expansion, and continued STAR optimization to drive further profitable growth.
Klöckner & Co - 1st Klöckner & Co Analysts' and Investors' Meeting September ...Klöckner & Co SE
Klöckner & Co AG is a large steel and metals distribution company operating in Switzerland. It has 1,870 employees working across 30 locations nationwide. The company has three main business units: steel and metals, which accounts for 36% of sales; reinforcement steel and specialties, 17% of sales; and technical products, 31% of sales. Klöckner & Co AG also has an additional division called KVT that specializes in fastening solutions and sealing technologies. The company aims to further expand its network of outlets, product portfolio, and service offerings to continue growing in the saturated Swiss market.
Klöckner & Co - Roadshow Presentation June 26-29, 2007Klöckner & Co SE
This document provides an overview of Klöckner & Co, a leading multi-metal distributor. Some key points:
- Klöckner & Co distributes steel and metals through a network of about 250 warehouses across Europe and North America, serving over 200,000 customers.
- The company pursues a strategy of profitable growth through value-added distribution and services, acquisitions to drive market consolidation, and organic growth.
- In Q1 2007, Klöckner saw strong sales growth from price increases and acquisitions, and significant EBITDA growth due to prices and savings from its optimization program.
- For 2007, management expects at least 15% sales growth from
Klöckner & Co SE reported results for fiscal year 2010 with significant improvements across key metrics such as sales, EBITDA, and net income compared to 2009, driven by strong organic growth and contributions from acquisitions. The company delivered on its guidance targets and has a strong financial position for further expansion through its Klöckner & Co 2020 strategy, having completed four acquisitions in 2010 and signed a memorandum of understanding for a large acquisition in the US.
- Klöckner & Co SE is a leading multi-metal distributor based in Germany that presented at the German Corporate Forum in London on October 1, 2012.
- In Q2 2012, sales increased 4.2% year-over-year but EBITDA declined due to restructuring expenses of €17 million mainly related to structural changes in Spain.
- The company expanded restructuring measures significantly in response to a 25% decline in steel demand from peak levels and overcapacity in distribution. Measures aimed to adapt the business and position it for potential recovery.
Klöckner & Co - Roadshow Presentation April, 2008Klöckner & Co SE
This document provides an overview and agenda for a presentation on Klöckner & Co AG, a leading multi-metal distributor. The agenda includes discussing the current market, growth initiatives, and financial outlook. Key points include Klöckner & Co's global reach and product/customer diversity, expectations of rising steel prices in Europe and North America in 2008, and growth through acquisitions to expand geographic coverage and product portfolio. The most recent acquisition of Temtco Steel in the US is highlighted as supporting Klöckner & Co's leading plate distribution position in North America.
Klöckner & Co - UBS Best of Germany Conference 2011Klöckner & Co SE
Klöckner & Co SE faced challenging market conditions in Q2 2011, with unexpectedly strong price pressure in all markets leading to lower EBITDA. Sales volumes increased less than typical due to prebuying in Q1 and customer caution in Q2. The integrations of Macsteel and Frefer acquisitions are progressing, with synergies from Macsteel expected to be higher than initially projected. Management provided an outlook acknowledging short-term margin pressure but confirming mid-term growth targets.
Klöckner & Co - Roadshow Presentation January 31, 2007Klöckner & Co SE
This document provides an overview of the metals distribution company Klöckner & Co. Some key points:
- Klöckner & Co is a leading independent steel and metals distributor in Europe and North America with over 240 warehouses and 10,000 employees.
- It operates across the value chain from sourcing metals from suppliers to providing processing services and delivering to over 200,000 customers.
- The company aims to grow profitably through acquisitions, organic growth in core markets, and efficiency programs like STAR to optimize purchasing, distribution and inventory.
- In 2006 Klöckner & Co saw strong financial results with sales up 11% and EBITDA doubling due to growth,
Klöckner & Co - Roadshow Presentation August 2012Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that saw turnover increase 5.7% year-over-year in Q2 2012 driven by acquisitions and organic growth in the US. However, the worsening market environment in Europe makes achieving last year's EBITDA unlikely. The company has significantly expanded the scope of its restructuring measures, closing 11 sites in Spain and about 10 sites in France. Net income was negatively impacted by €17 million in restructuring costs and €30 million in impairments.
Klöckner & Co - Global Industrial and A&D Conference 2012Klöckner & Co SE
The document discusses Klöckner & Co SE's financial results for the second quarter of 2012, including a 5.7% increase in turnover driven by acquisitions and organic growth. It also provides an update on the company's restructuring efforts to adapt to declining demand in Europe, which includes expanding measures and closing additional sites. The summary also outlines Klöckner & Co SE's overall financial position, with a strong balance sheet and stable net working capital.
Klöckner & Co SE reported financial results for Q3 2012 that were below expectations due to continued price pressure reducing margins. While sales declined slightly in Europe but grew in the US, overall group sales were flat for Q3 year-over-year. EBITDA of €19m missed guidance due to price declines in September. The company plans to significantly expand the scope of its restructuring program to close approximately 60 sites, reduce headcount by over 1,800, and increase annual EBITDA by around €150m once fully implemented in 2014.
Klöckner & Co - Roadshow Presentation November 2012Klöckner & Co SE
- Klöckner & Co SE reported flat sales in Q3 but EBITDA declined significantly due to continued price erosion.
- The scope of Klöckner's restructuring program will be expanded significantly, with the goal of achieving around €150 million in annual EBITDA savings by 2014.
- Klöckner will close approximately 60 sites and reduce its workforce by over 1,800 positions as part of the expanded restructuring effort.
Klöckner & Co - Roadshow Credit Suisse, August 9, 2013Klöckner & Co SE
Gisbert Rühl, CEO of Klöckner & Co SE, presented at a Credit Suisse roadshow in London on August 9, 2013. Klöckner & Co is a leading multi-metal distributor that has faced declining steel markets in Europe and the US. The presentation summarized Klöckner & Co's financial results for Q2 2013, noting turnover was down 9.3% year-over-year due to market declines and restructuring. EBITDA increased to €43 million due to cost cuts of €24 million from restructuring measures. Restructuring is far advanced with 60 of 70 sites closed, and outlook expects operating EBITDA of €30-40 million for
Klöckner & Co - Roadshow Macquarie/Danske Bank, September 5-6, 2013Klöckner & Co SE
The document is a presentation by Marcus A. Ketter, CFO of Klöckner & Co SE, for a roadshow in Helsinki and Copenhagen on September 5-6, 2013. It provides an overview of Klöckner & Co as a leading multi-metal distributor, highlights from the first half of 2013 including progress on their restructuring program, and an outlook for the rest of the year.
Klöckner & Co - UBS Best of Germany Conference 2012Klöckner & Co SE
- Klöckner & Co SE is a leading multi-metal distributor that presented at the UBS Best of Germany Conference in New York on September 12, 2012.
- In Q2 2012, turnover increased 5.7% year-over-year driven by acquisitions and organic growth in the US, while EBITDA was €50 million meeting guidance despite a worsening market environment in Europe.
- Restructuring measures were expanded significantly in response to weak steel demand and overcapacity, with the initial measures almost concluded and expected to realize €70 million in EBITDA improvements.
Klöckner & Co - Roadshow Presentation March 2012Klöckner & Co SE
The document summarizes Klöckner & Co SE's full year 2011 results and outlook. Key highlights include sales and turnover growing significantly year-over-year despite economic challenges. EBITDA was lower due to restructuring costs, but net income was slightly positive. The company delivered on its guidance and strategic acquisition of Macsteel catapulted it to #3 in the US steel distribution market. Restructuring measures are expected to improve profitability going forward.
Klöckner & Co - Roadshow Presentation April 2012Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that delivered on its guidance for FY 2011. While sales grew 36.5% to €7.1 billion, EBITDA declined slightly to €217 million due to economic downturn. The company exceeded its "Klöckner & Co 2020" strategy target with sales of over €7 billion. It integrated recent acquisitions like Macsteel in the US and Frefer in Brazil. Klöckner aims to further optimize its business and capture cross-selling opportunities from the Macsteel acquisition in 2012.
Klöckner & Co - Capital Goods & Steel Conference 2012Klöckner & Co SE
The document summarizes Klöckner & Co SE's financial results for the second quarter of 2012. Key points include:
- Sales increased 4.2% year-over-year but EBITDA decreased due to €17 million in restructuring expenses.
- The company expanded restructuring measures in response to weak steel demand and overcapacity in Europe.
- Net income was negatively impacted by impairments and restructuring costs, though adjusted net income was slightly positive.
- Net working capital and net debt levels remained stable sequentially.
The document summarizes Klöckner & Co SE's financial results for fiscal year 2011. Key highlights include annual turnover growth of 25.4% and sales growth of 36.5% due to acquisitions. However, EBITDA declined slightly due to economic downturn. Net income was positive but lower due to restructuring charges. The company delivered on its strategic targets for the year and saw progress in acquisitions and expanding into new markets like China and Brazil.
Klöckner & Co - Global Steel and Mining Conference 2012Klöckner & Co SE
Klöckner & Co SE is a leading multi-metal distributor that saw turnover increase 5.7% year-over-year in Q2 2012 driven by acquisitions and organic growth in the US. EBITDA of €50 million met guidance despite a worsening market environment in Europe. The company has significantly expanded the scope of its restructuring measures, including closing 11 sites in Spain and withdrawing from its EEC business, with initial measures almost concluded.
Klöckner & Co - Berenberg and Goldman Sachs, German Corporate Conference, Sep...Klöckner & Co SE
The document summarizes Marcus A. Ketter's presentation at the Berenberg and Goldman Sachs German Corporate Conference in Munich on September 25, 2013. It provides an overview of Klöckner & Co SE as a leading multi-metal distributor, highlights from its financial results for Q2 and H1 2013, an update on its restructuring strategy called KCO 6.0, and an outlook for the rest of the year. Key points include improved EBITDA margins despite a decline in sales, progress made in closing sites and reducing employees as part of KCO 6.0, and an expectation of meeting its full-year EBITDA target.
Klöckner & Co - German, Swiss & Austrian Conference 2013Klöckner & Co SE
- Sales and turnover were down year-over-year due to price declines and weak macro conditions, though increased slightly quarter-over-quarter.
- Restructuring efforts improved the gross margin and significantly reduced costs, contributing to a higher EBITDA despite lower sales.
- Nearly all restructuring targets have been achieved through staff reductions, site closures, and divestments, with the program nearly complete.
Klöckner & Co SE Analysts' and Investors' Presentation FY 2014 ResultsKlöckner & Co SE
Analysts' and Investors' Presentation for the full year results on March 5, 2015
More at http://www.kloeckner.com/en/press-releases-5268.php?langswitched=1
For a german version of the presentation please visit:
http://www.kloeckner.com/de/index.php
Similar to Klöckner & Co - 8th Basic Material Seminar 2013 (15)
Klöckner & Co SE - Q2 2017 Results - Press ConferenceKlöckner & Co SE
- Klöckner & Co reported sales of €1.64 billion for Q2 2017, up 8.1% year-over-year, while shipments were down 4.4% adjusted for business sales and discontinuations.
- EBITDA for Q2 was €63 million, within guidance of €60-70 million. EBITDA for the first half of 2017 was €140 million, up from €88 million in the prior year period.
- The company expects EBITDA of €35-45 million for Q3 2017 and an increase of over 10% in full year EBITDA compared to 2016.
Klöckner & Co SE - Q2 2017 Results - Analysts' and Investors' ConferenceKlöckner & Co SE
- Klöckner & Co reported financial results for Q2 2017, with sales up 8.1% year-over-year to €1.6 billion due to higher prices. Shipments were down 4.4% due to divestitures.
- Gross profit decreased to €339 million and the gross margin fell to 20.6% from prior year's 23.8% due to price development and divestitures.
- EBITDA for Q2 was €63 million, in line with guidance but down from €88 million in the prior year period. EBITDA for the first half of 2017 was €140 million.
The interim report summarizes Klöckner & Co Group's financial performance for the first half of 2017. Key highlights include a 9% increase in shipments compared to the same period last year and EBITDA of €140 million. Net income was €59 million. The company expects continued global economic growth in 2017 and steady trends in its core customer industries. Klöckner & Co aims to achieve further growth through its "Klöckner & Co 2020" strategy.
Klöckner & Co SE aims to transform the linear steel supply chain into a digital industry platform through three steps:
1) Increasing the number of EDI connections to provide aggregated supply and demand information.
2) Developing a digital industry platform that connects suppliers, distributors, and customers to streamline the supply chain.
3) Expanding the platform to include marketplaces for complementary products and additional industrial goods.
Klöckner & Co SE - Q1 2017 Results - Press ConferenceKlöckner & Co SE
Klöckner & Co reported strong results for Q1 2017, with EBITDA more than quadrupling compared to Q1 2016. Sales increased 15.6% driven by higher prices. The gross profit margin increased due to rising steel prices and a focus on value-added products and services. The company's digitalization and One Europe restructuring strategies contributed to the improved results and remain a focus. Klöckner expects EBITDA to increase noticeably for FY 2017 compared to 2016.
Klöckner & Co SE - Q1 2017 Results - Analysts' and Investors' ConferenceKlöckner & Co SE
Klöckner & Co SE reported strong results for Q1 2017, with sales increasing 15.6% year-over-year to €1.6 billion due to higher steel prices. Gross profit margin improved to 22.9% from 22.0% in Q1 2016. EBITDA more than quadrupled to €77 million, exceeding guidance. For full-year 2017, EBITDA is expected to noticeably increase over 2016 levels as higher sales and prices are anticipated to continue.
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The document summarizes key financial information for Klöckner & Co SE for Q1 2016 and as of December 31, 2016. It shows decreases in operating and net income for Q1 2016 compared to the previous year. Total assets increased from December 31, 2015 to December 31, 2016, while equity attributable to shareholders also increased. Cash flow from operating activities was positive in Q1 2016. The number of employees is shown as of December 31, 2016 but no variance is given.
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1) Klöckner & Co reported financial results for FY 2016 with sales decreasing 11.1% to €5.7 billion due to lower prices and site closures as part of restructuring. Gross profit increased to €1.315 billion supported by price increases.
2) EBITDA of €196 million was slightly above guidance, benefiting from a positive market effect of €105 million for the year.
3) For 2017, EBITDA is expected to increase slightly with a target of more than €65-75 million in Q1 2017 supported by the "One Europe" integration and digitalization strategy.
Klöckner & Co reported financial results for fiscal year 2016. While sales decreased 11.1% to €5.7 billion due to lower prices and site closures, gross profit increased to €1.315 billion and gross profit margin rose to 22.9% due to higher prices over the year. EBITDA was €196 million, slightly above guidance. For 2017, EBITDA is expected to increase slightly from 2016 levels, and Q1 2017 EBITDA is forecasted between €65-75 million. Klöckner continues its strategy of digitalization, higher value products and services, and European integration to increase profitability.
The Supervisory Board of Klöckner & Co SE summarizes its activities in fiscal year 2016. It advised and supervised the Management Board, approving all legally required transactions. Key topics included the Company's strategy, especially digital transformation. The Supervisory Board consists of six shareholder representatives organized into an Executive Committee and Audit Committee. Meetings achieved a high attendance rate. The Supervisory Board fulfilled its legal and oversight duties during the reporting period.
Klöckner & Co SE - Interim Management Statement for 9M 2016Klöckner & Co SE
Klöckner&CoSE substantially boosted earnings in the first nine months of 2016 compared to the same period in 2015. Shipments and income increased across key metrics such as operating result, net income, and earnings per share in both Q3 2016 and the first nine months of 2016 compared to the prior year periods. Total assets increased from December 2015 to September 2016, while cash flow from operating activities was positive for the nine-month period ended September 2016.
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Analysts' and Investors' Presentation for the 2nd quarter results on August 4, 2016
More at https://www.kloeckner.com/en/veroeffentlichung-ergebnis-q2-2016.html
Klöckner&CoSE reported significant earnings growth in Q1 2016 compared to Q1 2015. Net income increased from €-21.5 million to €-13.7 million, shipments increased, and operating measures and digitalization advances helped drive improved financial results. Total assets were €2.83 billion as of March 31, 2016, up slightly from €2.84 billion on December 31, 2015. Cash flow from operating activities also increased substantially to €5.2 million in Q1 2016 compared to €-110.9 million in Q1 2015.
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UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
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1. Klöckner & Co SE
A Leading Multi Metal Distributor
Klöckner & Co SE
8th Basic Materials Seminar
CEO
Gisbert Rühl
March 19, 2013
2. Disclaimer
This presentation contains forward-looking statements which reflect the current views of the management of
Klöckner & Co SE with respect to future events. They generally are designated by the words “expect”, “assume”,
“presume”, “intend”, “estimate”, “strive for”, “aim for”, “plan”, “will”, “strive”, “outlook” and comparable expressions and
generally contain information that relates to expectations or goals for economic conditions, sales proceeds or other
yardsticks for the success of the enterprise. Forward-looking statements are based on currently valid plans, estimates
and expectations. You therefore should view them with caution. Such statements are subject to risks and factors of
uncertainty, most of which are difficult to assess and which generally are outside of the control of Klöckner & Co SE. The
relevant factors include the effects of significant strategic and operational initiatives, including the acquisition or
disposition of companies. If these or other risks and factors of uncertainty occur or if the assumptions on which the
statements are based turn out to be incorrect, the actual results of Klöckner & Co SE can deviate significantly from those
that are expressed or implied in these statements. Klöckner & Co SE cannot give any guarantee that the expectations or
goals will be attained. Klöckner & Co SE – notwithstanding existing obligations under laws pertaining to capital markets –
rejects any responsibility for updating the forward-looking statements through taking into consideration new information
or future events or other things.
In addition to the key data prepared in accordance with International Financial Reporting Standards, Klöckner & Co SE is
presenting non-GAAP key data such as EBITDA, EBIT, Net Working Capital and net financial liabilities that are not a
component of the accounting regulations. These key data are to be viewed as supplementary to, but not as a substitute
for data prepared in accordance with International Financial Reporting Standards. Non-GAAP key data are not subject to
IFRS or any other generally applicable accounting regulations. Other companies may base these concepts upon other
definitions.
2
3. Highlights and update on strategy01
Financials Q4/FY 2012
Outlook
Appendix
02
03
04
Agenda
3
4. Restructuring ahead of plan – but markets esp. in Europe still challenging
Challenging environment used to do necessary adjustments to return to profitable growth
even without market support
• Steel markets in Europe and finally also in the US have been heavily under pressure
• EBITDA before restructuring (€139m) below last year (€227m)
• Net income of -€198m strongly impacted by restructuring costs and other one-offs
• Turnover and sales improved by 6.1% and 4.1% to 7.1m To and €7.4bn respectively
• US again cornerstone of growth profile: +31% turnover yoy
• FCF generation with €67m showing companies’ strict NWC-management and compensation of
restructuring expenses by cash releases
• Strong net debt reduction from €596m in Q3 to €422m and by €49m yoy
• Restructuring ahead of plan: €60m EBITDA contribution targeted for 2013
• Restructuring driven earnings improvement to ~€200m EBITDA (+45%) at stable turnover in 2013
expected
• Further market growth in the US anticipated while Europe should pass the trough
• Management Board strengthened by Marcus A. Ketter and Karsten Lork
• Interfer Holding GmbH belonging to Dr. Albrecht Knauf acquired a stake of 7.82% in Klöckner & Co
01
4
5. Klöckner & Co 2020 strategy
Acquisition of distributors and steel service centers with higher-margin products
and value added services
01
External
growth
strategy
Organic
growth
strategy
Business
optimization
Personnel &
Management
development
Stronger focus on expansion of value added services especially for industrial
customer segments
Realizing scale benefits in purchasing and product management and
optimization of logistics and inventory management
Group-wide talent and performance management supported by attractive and
structured compensation and benefits system
5
6. Flexible response to challenging market environment01
• Against the background of the current market situation we have streamlined our strategy and
implemented an extensive restructuring program in Europe
Business
optimization
Organic
growth
strategy
Currentfocus
External
growth
strategy
• Network streamlining by significantly extended restructuring program
• Reduction of 60 sites, efficiency measures in remaining sites
• Workforce reduction of >1,800 (16% of total workforce)
• Discontinuation of unprofitable business/ clients
• Streamlining of central functions
• Increasing share of value added services and higher margin products around
core business
• Re-shoring driven by low energy costs should provide additional growth
opportunities in the US
• Acquisition of distributors and SSC with higher margin products and value-
added services
• Shale gas opportunities
• Niche suppliers
6
7. Implementation of restructuring measures ahead of plan
• EEC activities in Czech, Bulgaria, Romania, Poland* and Lithuania* already sold in 2012
• >1,200 out of 1,800 employees reduced
• 40 out of 60 sites closed or sold
• EBITDA contribution of €51m since program start, €46m in 2012
01
Business
optimization
Organic
growth
strategy
• Commodity business already reduced laying solid foundation for future organic growth:
• Machinery and mechanical engineering increased by 2% to 26%**
• Automotive exposure increased by 4% to 10%**, to be additionally promoted by SSC in
Alabama starting in 2013
• Share in construction industry down from 43% to 36%**
• US serviced sales within flat division increased by 11% through common sales force with
Macsteel
• Swiss subsidiary expands spezialized and highly profitable bending services, market leader
7
* signed; closing expected in Q1 2013
** 2012 compared to 2009
8. 01 2/3 of restructuring already completed
250
290
8
Employees
Sites
UK
ESP
EEC GER BR
Q3 2011 FY 2012
UK
ESP
F
EEC
10,595
11,577
GER
Holding
US
BR
Q3 2011
Europe
-713
Americas
FY 2012
-23
-246
10,495
Jan
2013
Reduced by 1,200** incl. temps
• Personnel expenses reduced by 6%
or about €10m in Q4 yoy lfl
• EEC completely sold, remaining
business expected to be closed in due
course
Comments
5 sold,
but not
yet closed
9. Next steps restructuring01
France
Germany
UK
• Complete re-arrangement of logistic network with formation of five big regions,
decentralization of central warehouses, closure of ten sites, exit of low margin large account
beam business
• Negotiations with works councils, trade unions and labor administration finalized,
implementation has started already to be completed by mid of the year
• Enhanced restructuring measures with closure of five sites and reduction of commodity
business to be implemented by new management
• All measures are already in implementation according to plan and will be finalized mainly by
end of Q1
• Three sites already closed
• Closure of totally five sites will be finalized by the end of Q1
9
10. Highlights and update on strategy01
Financials Q4/FY 2012
Outlook
Appendix
02
03
04
Agenda
10
16. Net income in 2012 heavily impacted by one-offs02
569
657
19
Taxes
-198
Net incomeFinancial
result
76
D&A
165
EBITDA
reported
Opex
(net)
Personnel
Costs
Gross Profit
1,288
62
Restructuring
€28m
Restructuring
€41m
Impairments
€55m
165
-198
If adjusted for one-offs
• EBITDA at €139m
• Net income at -€83m
16
Frefer
€17m
Cash taxes
US and CH
Restructuring
€8m
in €m
17. Free cash flow strongly positive02
Cash flow reconciliation in FY 2012 (€m)
EBITDA
reported
Change in
NWC
Taxes Other CF from
operating
activities
Capex
net
Free CF
• NWC efficiency increased significantly
• Reduced reinvestment needs: Capex (net) with
-€34m below D&A ex ppa and ex impairments
• Cash interests are only 2/3 of P&L interest
charges due to accretion of debt component
for outstanding convertibles and interest costs
on pensions
• Most of restructuring charges become cash
effective in 2013, but compensated by NWC
reduction of closed sites
Comments
62
7
67
34
101
54
5
91
Interest
17
18. Net debt significantly reduced by tight NWC management02
* exchange rate effects, interest
Development of net financial debt in FY 2012
(€m)
2011
CF from
operating
activities Capex
(net)
Dividends/
other*
2012
Development of net financial debt in Q4 2012
(€m)
Q3
CF from
operating
activities Capex
(net)
Dividends/
other*
Q4
• Debt reduction in Q4 mainly driven by NWC
release of €222m
34
101
422
18
471
187
422
417
596
18
19. Strong balance sheet despite challenging year and impairments02
* Gearing = Net debt/Equity attributable to shareholders of
Klöckner & Co SE less goodwill from business
combinations subsequent to May 28, 2010
Comments
• Equity ratio of ~42%
• Net debt of €422m
• Gearing* at 28%
• NWC decreased by €127m to €1,407m yoy
50%
29.0%
32.1%
20.2%
3.1%
15.6%
Balance sheet total 2012: €3,905m
41.9%
32.7%
25.4%
Non- current
assets
1,132
Inventories
1,254
Trade receivables
787
Other current
assets 122
Liquidity
610
Equity
1,635
Non- current
liabilities
1,276
Current liabilities
994
100%
0%
19
20. Balanced maturity profile December 201202
Maturity profile of committed facilities and drawn
amounts (€m)
€m Facility Committed
Drawn amount
FY 2012* FY 2011*
Bilateral Facilities1) 583 98 126
Other Bonds 9 9 20
ABS 568 161 175
Syndicated Loan 500 161 226
Promissory Note 343 348 349
Total Senior Debt 2,003 777 896
Convertible 20072) 0 0 319
Convertible 20092) 98 92 86
Convertible 20102) 186 164 157
Total Debt 2,287 1,033 1,458
Cash4) 611 987
Net Debt 422 471
€m Q4 2012
Adjusted equity 1,491
Net debt 422
Gearing3) 28%
*Including interest
1) Including finance lease
2) Drawn amount excludes equity component
3) Net debt/Equity attributable to shareholders of Klöckner & Co SE less goodwill from business combinations subsequent
to May 28, 2010
4) Incl. cash in assets held for sale
20
Committed facilities
Drawn amounts
355
1,036
297
142
457
100
358
267
142 188
2013 2014 2015 2016 Thereafter
21. Outlook
• Q1 2013
• Turnover to be sequentially up in Q1
• EBITDA in Q1 expected to be between €30-40m with further improvement in Q2
• FY 2013
• Turnover and sales to be stable due to growth in the US compensating decline in Europe also
driven by restructuring
• EBITDA to be increased to ~€200m especially driven by €60m restructuring contribution
• Net income and free cash flow expected to be positive
• Net debt again to be reduced yoy despite restructuring cash-outs
03
21
22. Highlights and update on strategy01
Financials Q4/FY 2012
Outlook
Appendix
02
03
04
Agenda
22
24. Strong Growth: 24 acquisitions since the IPO04
24
Acquisitions1) Acquired sales1),2)
€141m
€567m
€108m
2
4
12
2
2005 2006 2007 2008 2009 2010
4
€231m
€712m
2011
2
€1.15bn
¹ Date of announcement 2 Sales in the year prior to acquisitions
Country Acquired 1) Company Sales (FY)2)
GER Mar 2010 Becker Stahl-Service €600m
CH Jan 2010 Bläsi €32m
2010 4 acquisitions €712m
US Mar 2008 Temtco €226m
UK Jan 2008 Multitubes €5m
2008 2 acquisitions €231m
CH Sep 2007 Lehner & Tonossi €9m
UK Sep 2007 Interpipe €14m
US Sep 2007 ScanSteel €7m
BG Aug 2007 Metalsnab €36m
UK Jun 2007 Westok €26m
US May 2007 Premier Steel €23m
GER Apr 2007 Zweygart €11m
GER Apr 2007 Max Carl €15m
GER Apr 2007 Edelstahlservice €17m
US Apr 2007 Primary Steel €360m
NL Apr 2007 Teuling €14m
F Jan 2007 Tournier €35m
2007 12 acquisitions €567m
2006 4 acquisitions €108m
USA Dec 2010 Lake Steel €50m
USA Sep 2010 Angeles Welding €30m
Brazil May 2011 Frefer €150m
USA April 2011 Macsteel €1bn
2011 2 acquisitions €1,150m
25. Comments
Balance sheet as of December 31, 201204
25
(€m) December 31, 2012 December 31, 2011
Non-current assets 1,132 1,295
Inventories 1,254 1,362
Trade receivables 787 922
Cash & Cash equivalents 610 987
Other assets 122 140
Total assets 3,905 4,706
Equity 1,635 1,843
Total non-current
liabilities
1,276 1,526
thereof financial liabilities 914 1,068
Total current liabilities 994 1,337
thereof trade payables 634 750
Total equity and
liabilities
3,905 4,706
Net working capital 1,407 1,534
Net financial debt 422 471
Shareholders’ equity:
• Increase to 42% mainly
caused by repayment of
convertible bonds
Financial debt:
• Gearing at 28%
• Gross debt of €1.0bn and
cash position of €0.6bn
result in a net debt position
of €422m
26. Profit & loss 201204
(€m) FY 2012 FY 2011
Sales 7,388 7,095
Gross profit 1,288 1,315
Personnel costs -657 -588
Other operating expenses (net) -569 -510
EBITDA 62 217
Depreciation & Amortization -165 -106
EBIT -103 111
Financial result -76 -84
EBT -179 27
Taxes -19 -17
Net income -198 10
Minorities -3 -1
Net income attributable to KCO shareholders -195 12
26
28. Acquisitions shift exposure towards more promising regions and products04
28
Machinery and mechanical
26% engineering
Miscellaneous 10%
Local dealers 12%
Household appliances/
Consumer goods 6%
36% Construction industry
Automotive industry 10%
Sales by industry
Sales by markets
38% USAFrance/Belgium 13%
Switzerland 10%
UK 6%
25% Germany/EEC
Spain 3%
Netherlands 3%
Brazil 1%
China <1%
21% Long products
Quality steel/Stainless steel 8%
Aluminium 7%
Tubes 7%
46% Flat productsOthers 11%
Sales by product
29. Current shareholder structure04
29
Geographical breakdown of identified
institutional investors
Comments
• Identified institutional investors
account for 46%
• German investors incl. retail
dominate
• Top 10 shareholdings represent
around 27%
• Retail shareholders represent 33%
As of February 2013
Other EU 15%
US 34%
Other World 8%
Switzerland 5%
Germany 24%
France 11%
UK 3%
30. Appendix04
30
Financial calendar 2013
May 8, 2013 Q1 interim report 2013
May 24, 2013 Annual General Meeting 2013
August 7, 2013 Q2 interim report 2013
November 6, 2013 Q3 interim report 2013
Contact details Investor Relations
Dr. Thilo Theilen, Head of Investor Relations & Corporate Communications
Phone: +49 203 307 2050
Fax: +49 203 307 5025
E-mail: thilo.theilen@kloeckner.com
Internet: www.kloeckner.com
31. Our Symbol
the ears
attentive to customer needs
the eyes
looking forward to new developments
the nose
sniffing out opportunities
to improve performance
the ball
symbolic of our role to fetch
and carry for our customers
the legs
always moving fast to keep up with
the demands of the customers