half year 2002 supporting slides holcim ltd

www.holcim.com Half-Year 2002 – Supporting Slides 2 Half-Year 2002 Highlights ! Better operational performance. ! Currencies weakened overall performance. ! Strong cash flow. ! Write off of Argentinean non operating assets. ! First-time consolidation of PT Semen Cibinong, Indonesia. ! Start-up of new US Portland plant in June according to schedule. 3 Half-Year 2002 Our Positions in Europe Cement plant Grinding plant Terminal New Cement plant (participation) Grinding plant (participation) Terminal (participation) Cement capacity Group (Europe): 40.3 million t; additionally with partners: 11.9 million t 4 Half-Year 2002 Our Positions in North America Cement plant Grinding plant Terminal Project or under construction Cement capacity Group (North America): 21.3 million t 5 Half-Year 2002 Our Positions in Latin America Cement plant Grinding plant Terminal Cement plant (participation) Grinding plant (participation) Terminal (participation) Cement capacity Group (Latin America): 32.6 million t; additionally with partners: 8.1 million t 6 Half-Year 2002 Our Positions in Africa Middle East Cement plant Grinding plant Terminal Cement plant (participation) Grinding plant (participation) Terminal (participation) Cement capacity Group (Africa Middle East): 13.1 million t; additionally with partners: 4.7 million t 7 Half-Year 2002 Our Positions in Asia Pacific Cement plant Grinding plant Terminal New Cement plant (participation) Grinding plant (participation) Terminal (participation) Cement capacity Group (Asia Pacific): 32.4 million t; additionally with partners: 16.8 million t 8 Half-Year 2002 Key Financial Figures 2000 2001 2002 +/- Net sales 6247 6582 6441 -2.1% Operating profit 933 997 935 -6.2% EBITDA 1) 1691 1789 1706 -4.6% Group net income after minority interests 352 397 292 -26.4% Cash flow from operating activities 864 617 781 26.6% January - June Million CHF 1) Earnings Before Interest Taxes Depreciation and Amortization 2) Cash Earnings Per Share pre Goodwill Amortization EPS in CHF 9.57 10.56 7.48 -29.2% Cash-EPS in CHF 2) 12.88 13.78 11.22 -18.6% 9 Half-Year 2002 Major Changes in the Scope of Consolidation PT Semen Cibinong, Indonesia Gabeter, Italy Panama Cement, Panama (proportionate) Wejherovo, Poland Various smaller companies 10 Half-Year 2002 Capacity and Sales Cement and Clinker 139.7 118.8 102.6 43.5 42.1 38.6 First half 2000 First half 2001 First half 2002 Annual cement capacity in million t Sales in million t + 9.3% + 14.6% + 9.1% + 15.8% + 3.3% + 17.6% [...]... 11.6 12.2 12.2 First half 2000 First half 2001 First half 2002 11 Half- Year 2002 Net Sales by Region in million CHF 2282 2218 2257 First half 2000 First half 2001 First half 2002 1368 1371 1244 1741 1879 1731 Legend 493 603 537 606 675 843 12 Half- Year 2002 Change in Net Sales Million CHF Volume and price Change in structure Exchange rate movements Total January - June 2000 2001 2002 291 5.5% 165 2.7%... Half- Year 2002 EBITDA EBITDA in million CHF 27.1% + 19.7% 1691 First half 2000 27.2% + 5.8% 1789 First half 2001 EBITDA margin 26.5% - 4.6% 1706 First half 2002 19 Half- Year 2002 Group Net Income Before minority interests in million CHF After minority interests in million CHF + 17.2% 511 + 11.5% 436 - 16.4% + 12.8% + 13.2% 397 427 - 26.4% 352 292 First half 2000 First half 2001 First half 2002 20 Half- Year. .. -5.5% 934 17.6% 335 5.4% -141 -2.1% 13 Half- Year 2002 Net Sales Regional Split Latin America 26% North America 19% Africa Middle East 8% Asia Pacific 13% Europe 34% 14 Half- Year 2002 Operating Profit Operating profit in million CHF 14.9% Operating profit margin 15.1% + 6.9% + 24.6% 933 First half 2000 997 First half 2001 14.5% - 6.2% 935 First half 2002 15 Half- Year 2002 Operating Profit by Region in million... 2001 2002 -613 -1670 -239 -38 -47 1080 656 -362 648 54 -5 1076 - 214 4 382 -514 890 23 Half- Year 2002 Net Debt / Equity Equity in million CHF Net financial debt in million CHF Gearing 108.8% 101.6% 94.1% 11031 10139 First half 2001 10383 9768 Year- end 2001 9665 9824 First half 2002 24 Half- Year 2002 25 Half- Year 2002 ... 157 274 77 395 425 417 30 111 120 First half 2000 First half 2001 First half 2002 79 87 81 16 Half- Year 2002 Change in Operating Profit Million CHF Volume / price / cost Change in structure Exchange rate movements Total January - June 2000 2001 2002 83 11.2% 9 1.0% 12 1.2% 31 4.1% 55 5.9% -17 -1.7% 70 9.3% 184 24.6% 0 0.0% 64 6.9% -57 -5.7% -62 -6.2% 17 Half- Year 2002 Operating Profit Regional Split Latin... 13.2% 397 427 - 26.4% 352 292 First half 2000 First half 2001 First half 2002 20 Half- Year 2002 Cash Flow from Operating Activities Cash flow from operating activities in million CHF Cash flow margin 13.8% 12.1% + 78.9% 9.4% + 26.6% - 28.6% 781 864 617 First half 2000 First half 2001 First half 2002 21 Half- Year 2002 Cash Flow Statement Million CHF Cash flow from operating activities Investments to... January - June 2000 2001 2002 864 617 781 -342 522 -326 -552 -257 -613 -296 321 -484 -1217 -290 -1670 -345 436 -206 -155 -314 -239 22 Half- Year 2002 Financing Million CHF Financing requirement Equity capital paid-in (repaid) Increase of treasury shares Increase in financing liabilities Decrease in marketable securities In(De)crease in cash and cash equivalents January - June 2000 2001 2002 -613 -1670 -239 . 0.0% 12 Half- Year 2002 Net Sales by Region Legend First half 2000 First half 2001 First half 2002 in million CHF 1741 1879 1731 493 603 537 606 675 843 2282 2218 2257 1368 1371 1244 13 Half- Year 2002 Change. www .holcim. com Half- Year 2002 – Supporting Slides 2 Half- Year 2002 Highlights ! Better operational performance. ! Currencies weakened. 2002 1706 1789 1691 26.5% 27.2% 27.1% First half 2000 First half 2001 First half 2002 EBITDA in million CHF EBITDA margin EBITDA + 5.8% -4.6% + 19.7% 20 Half- Year 2002 Group Net Income 427 511 436 292 397 352 First half 2000 First half