Handout - K+S Aktiengesellschaft

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Legacy Project How will Earnings Develop in the coming Years? Legacy Project Phases 1 + 2 Turnaround already in 2016/2017 with the achievement of full ramp-up of phase 1 (2 mln. t KCl/a) EBITDA EBIT 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 EBIT in 2015 expected to be burdened due to first depreciation charges January 2013 K+S Group 59
Legacy Project New, State-of-the-art Potash Capacities Growth Production Costs Capacity and Mine Life Diversification Specialisation Flexibility / Expansion Potential • Adding substantial new capacities to the Potash and Magnesium Products business segment in a relatively short timeframe to be able to participate in the growth of the world potash market • Improvement and flexibilisation of average cash costs of production in the Potash and Magnesium Products business segment • Substantial addition of annual capacity by up to 4 million tonnes in the long run • Substantial extension of average mine life • K+S will be the potash producer with the widest product portfolio as well as one of the most diversified production networks and regional mix; share of sales volumes in the growth markets South America and Asia will increase • Continuation of the specialisation strategy by offering high-quality industrial products from Canada • Good scalability of capacity utilisation according to market development • Improved flexibility due to higher share of variable costs • Further expansion potential beyond the Legacy Project With a potash price of between USD 400 and 450/tonne MOP gran. including freight, the project already achieves a ROCE of 12% and an attractive premium on our cost of capital. The Legacy Project is thus one of the world’s economically most attractive greenfield projects January 2013 K+S Group 60
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Jakarta 1975 Cheuvreux German Corpo
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K+S Group Content A. Corporate Stru
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K+S Group K+S is the Leading Player
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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 39 and 40: K+S Group Content A. Corporate Stru
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: K+S Group What Potash Price is Requ
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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Handout - K+S Aktiengesellschaft

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