Handout - K+S Aktiengesellschaft

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K+S Group Our Aim is to maintain our Investment Grade Rating Moody’s Date Rating Outlook November 2010 Baa2 stable March 2010 Baa2 stable September 2009 Baa2 negative Standard & Poor’s Date Rating Outlook • We have shown a successful track record in credit and debt capital markets • To ensure this position we want to maintain a investment grade rating • Current financial ratios support our rating strongly September 2011 BBB+ stable January 2011 BBB positive October 2010 BBB stable January 2013 K+S Group 47
K+S Group Value Creation, Cash Generation, Strong Balance Sheet and High Dividend Distribution Mio. € ROCE, EBIT-Margin and Value Added Operating and Free Cash Flow €je Aktie € million 1,124 % € million € million 800 80 700 ROCE (rhs) 9M Operating cash flow 1,200 1.200 EBIT-margin (rhs) 70 9M Operating cash flow 1.200 1,200 600 Value added 60 1,000 1.000 Free cash flow before acqusitions/divestments 1.000 1,000 500 50 800 800 800 800 400 40 600 600 600 600 300 200 30 20 400 400 400 400 100 10 200 200 200 200 0 0 0 0 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 LTM* 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 LTM* Gearing and Equity Ratio Capex and Dividends % % € million % 120 60 900 300 Gearing 800 Capex 100 Equity ratio (rhs) 50 250 700 Dividends 80 40 Capex/Depreciation (rhs) 600 200 60 30 500 400 150 40 20 300 100 20 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 9M/12 200 10 100 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012e January 2013 K+S Group 48 * LTM=Last twelve months as of 30 June 2012 50 0
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 and 44: K+S Group Operating EBIT Margins 20
Page 45 and 46: K+S Group Net Indebtedness and Rati
Page 47: K+S Group Maturity Profile € mill
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
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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