Handout - K+S Aktiengesellschaft

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Potash and Magnesium Products MOP Price Development US$/t Northwest-Europe (standard, fob) US$/t Overseas (cfr) 1000 800 600 1000 800 600 Brazil (granuliar)* South-East Asia (SEA, standard) 400 435 400 450-465 450-470 SEA Brazil 200 200 0 0 2003 ‘04 ‘05 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 2013 2003 ‘04 ‘05 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 2013 ● Due to the tight demand-supply-situation, potash prices more than doubled between 2004 and 2007 ● The strong and in part speculatively driven raw materials boom which was observable worldwide until mid-2008 also had an effect in significant price increases to over 800 US$/tonne of granulated potassium chloride ● ● The collapse in agricultural prices as a consequence of the financial crisis also led to a decrease in potash prices; following the conclusion of contracts with Chinese and Indian customers, a price level of approximately 400 US$/tonne of granulated potassium chloride was established worldwide at the beginning of 2010. This increased gradually as part of an improving agricultural environment and thus took into account the fact that time-consuming and capitalintensive greenfield projects for the creation of new capacities can only be realised economically with a reasonable potash price level Due to strong demand, the global price level rose in 2011 from about US$ 400/tonne to over US$ 500/tonne January 2013 * Until end of September 2010 MOP standard; Source: FMB; as of 17 January 2013 K+S Group 19
Potash and Magnesium Products Price Development of Different Product Groups K+S Ø-Portfolio-Price vs. MOP gran. Europe SOP Ø-Price vs. MOP gran. Europe €/t 700 600 K+S Ø-Portfolio Price MOP gran. Europe €/t 900 800 700 SOP Ø-Price Europe (std.and gran.) MOP gran. Europe 500 400 ∆ ~10-20% 600 500 ∆ ~50 € 300 400 300 200 200 100 2006 2007 2008 2009 2010 100 2011 9M/12 2006 2007 2008 2009 2010 2011 9M/12 €/t 700 600 500 400 300 200 K+S Industrial Ø-Price vs. MOP gran. Europe K+S Ø Industrial Portfolio Price MOP gran. Europe K+S non potash specialities Industr. vs. Fertiliz. €/t 450 400 350 300 250 200 150 100 50 Industrial Magnesium Comp. Fertilizer Magnesium Comp. 100 January 2013 2006 2007 2008 2009 2010 2011 9M/12 2006 2007 2008 2009 2010 2011 9M/12 0 Sources: K+S, FMB International Price Guide, Green Markets, Fertilizer Europe K+S Group 20
Page 1 and 2: Jakarta 1975 Cheuvreux German Corpo
Page 3 and 4: K+S Group Content A. Corporate Stru
Page 5 and 6: K+S Group K+S is the Leading Player
Page 7 and 8: K+S Group Corporate Strategy Differ
Page 9 and 10: K+S Group Potash and Magnesium Prod
Page 11 and 12: Potash and Magnesium Products Devel
Page 13 and 14: Potash and Magnesium Products Key D
Page 15 and 16: Potash and Magnesium Products Suppl
Page 17 and 18: Potash and Magnesium Products Marke
Page 19: Potash and Magnesium Products Agric
Page 23 and 24: K+S Group Low Stocks-to-use Ratios
Page 25 and 26: Potash and Magnesium Products Profi
Page 27 and 28: K+S Group K+S sold COMPO • COMPO,
Page 29 and 30: K+S Group Salt Revenues (€ billio
Page 31 and 32: Salt Mitigation of Volatility in De
Page 33 and 34: Salt Historic and Recent Volume and
Page 35 and 36: Salt Presence in the most attractiv
Page 37 and 38: Salt Development of Salt Production
Page 43 and 44: K+S Group Operating EBIT Margins 20
Page 45 and 46: K+S Group Net Indebtedness and Rati
Page 47 and 48: K+S Group Maturity Profile € mill
Page 49 and 50: K+S Group Value Creation, Cash Gene
Page 51 and 52: K+S Group Earnings Sensitivities to
Page 53 and 54: K+S Group Revenues (€ billion) EB
Page 55 and 56: K+S Group Potash One and the Legacy
Page 57 and 58: K+S Group Course of Capex Phase 1 P
Page 59 and 60: K+S Group What Potash Price is Requ
Page 61 and 62: Legacy Project New, State-of-the-ar
Page 65 and 66: K+S Aktiengesellschaft Key Data of
Page 67 and 68: K+S Aktiengesellschaft Attractive D
Page 69 and 70: K+S Aktiengesellschaft K+S Share Pr
Page 71 and 72:
K+S Group Financial Calendar 14 Mar
Page 73 and 74:
K+S Group Content A. Corporate Stru
Page 75 and 76:
K+S Group Why Fertilize? There are
Page 77 and 78:
K+S Group Meat consumption per Capi
Page 79 and 80:
K+S Group Potash Fertilization and
Page 81 and 82:
K+S Group Strong Impact on Soybean
Page 83 and 84:
Potash and Magnesium Products Potas
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Page 89 and 90:
Potash and Magnesium Products Produ
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Page 93 and 94:
Salt SPL: Salt Extraction in the At
Page 95 and 96:
Salt K+S Production Sites in Europe
Page 97 and 98:
Salt Comparison of portfolios with
Page 99 and 100:
Salt Morton Salt at a glance • La
Page 101 and 102:
K+S Group Revenues and Earnings 1)
Page 103 and 104:
K+S Group Balance Sheet € million
Page 105 and 106:
January 2013 K+S Group 104
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