Handout - K+S Aktiengesellschaft

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K+S Group Capital Expenditure and Depreciation 1) € million 1200 1000 Expansion capex Maintenance capex Depreciation about 1,100 800 ~60% 600 49 about 520 400 200 0 172 198 178 189 77 90 58 49 95 128 108 142 120 174 140 239 231 242 ~50% ~50% 2007 2008 2009 2010 2011 2012e 294 63 230 ~40% 2013e 240 - 250 • For 2012, we expect a capex volume of about € 520 million for the K+S Group. Of this, CAD 200 million (about € 160 million) should be accounted for by capex on the Legacy Project. Furthermore, the increase is attributable to execution of the package of measures on water protection in the amount of € 50 million and the planned construction of the saline water pipeline from the Neuhof site to the Werra plant in the amount of € 20 million • In 2013, of the expected capex volume of € 1,100 million, CAD 830 million 2) (a good € 640 million) should be accounted for by the Legacy Project. 1) 2006 to 2009 include the discontinued operations of COMPO. 2010 still including K+S Nitrogen. 2) There may still be January 2013 considerable shifts regarding the allocation of the capex for the Legacy Project to the investment periods. K+S Group 43
K+S Group Net Indebtedness and Rating € million 2.000 , 1.600 , 1.200 , Provisions for pensions Provisions for mining obligations Non-current liabilities - non-current securities Current liabilities - cash - current securities Total net debt 1,085.1 125.8 194.3 419.2 1,351.3 184.8 95.3 528.4 580.6 800 400 0 -400 357.6 146.3 455.5 93.1 378.3 265.9 (167.3) 570.0 1,266.9 (529.1) 732.5 786.6 711.3 * (767.3) (776.4) * 610.8 -800 2007 2008 2009 2010 2011 Gearing ratio (%) 116.4 33.2 64.5 27.6 19.8 • The international rating agencies Standard & Poor’s and Moody’s have given K+S Aktiengesellschaft an "investment grade" rating. Standard & Poor’s rates K+S as "BBB+" (outlook: stable), while Moody’s rates it as "Baa2" (outlook: stable). * Including reimbursement claim for the Morton Salt bond (2011: € 19.4 million; 2010: € 18.9 million) January 2013 K+S Group 44
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 and 20: Potash and Magnesium Products Agric
Page 21 and 22: Potash and Magnesium Products Price
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: K+S Group Operating EBIT Margins 20
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 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
Page 89 and 90: Potash and Magnesium Products Produ
Page 93 and 94: Salt SPL: Salt Extraction in the At
Page 95 and 96:
Salt K+S Production Sites in Europe
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Salt Comparison of portfolios with
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Salt Morton Salt at a glance • La
Page 101 and 102:
K+S Group Revenues and Earnings 1)
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K+S Group Balance Sheet € million
Page 105 and 106:
January 2013 K+S Group 104
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Handout - K+S Aktiengesellschaft

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