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K+S Aktiengesellschaft
Goldman SachsSeventh Annual European Chemicals Conference
London, 16 March 2018
Thorsten Boeckers, CFOMartin Heistermann, Senior Investor Relations Manager
K+S Group
DisclaimerK+S Group
No reliance may be placed for any purpose whatsoever on the information or opinions contained in the Presentation or on its completeness, accuracy of fairness. No
representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its respective directors, officers, employees, agents or advisers
as to the accuracy, completeness or fairness of the information or opinions contained in the Presentation and no responsibility or liability is accepted by any of them for
any such information or opinions. In particular, no representation or warranty, express or implied, is given as to the achievement or reasonableness of, and no reliance
should be placed on any projections, targets, ambitions, estimates or forecasts contained in this Presentation and nothing in this Presentation is or should be relied on as a
promise or representation as to the future.
This presentation contains facts and forecasts that relate to the future development of the K+S Group and its companies. The forecasts are estimates that we have made
on the basis of all the information available to us at this moment in time. Should the assumptions underlying these forecasts prove not to be correct or should certain risks
– such as those referred to in the Annual Report – materialise, actual developments and events may deviate from current expectations. Given these risks, uncertainties and
other factors, recipients of this document are cautioned not to place undue reliance on these forecasts.
This Presentation is subject to change. In particular, certain financial results presented herein are unaudited, and may still be undergoing review by the Company’s
accountants. The Company may not notify you of changes and disclaims any obligation to update or revise any statements, in particular forward-looking statements, to
reflect future events or developments, save for the making of such disclosures as are required by the provisions of statue. Thus statements contained in this Presentation
should not be unduly relied upon and past events or performance should not be taken as a guarantee or indication of future events or performance.
This presentation has been prepared for information purposes only. It does not constitute an offer, an invitation or a recommendation to purchase or sell securities issued
by K+S Aktiengesellschaft or any company of the K+S Group in any jurisdiction.
2
K+S Group 3
ContentK+S Group
K+S’ Unique Strategic PositionA
Current TradingB
OutlookC
Salt2
Potash and Magnesium Products1
K+S Group 4
A fresh perspective on our existing portfolioK+S Group
Key financials 2017
Production focus
Potash Salt
+
Customerfocus
2251,428
Revenue EBITDA
EBITDARevenue
2381,176
104
Revenue EBITDA
566
EBITDA
454 57
Revenue
1
2
4
3
• MOP• Premium Fertilizers• Fertigation
• Chemical• Pharma• Ind. Specialties• Food Processing
(€m)
Revenue share
39%
32%
EBITDA-Margin
16%
20%
Revenue share
EBITDA-Margin
Agriculture
Industry
• De-Icing 16% 18%
Revenue share
EBITDA-MarginCommunities
• Consumers 13% 12%
Revenue share
EBITDA-MarginConsumers
K+S Group 5
'One K+S' creates the most value for all stakeholdersK+S Group
• Reduced complexity, less overhead• More attractive career options in integrated
business• Clear commitment to our production sites
• Clear commitment to sustainability • Continued, value-adding investments in
Germany and abroad
• Measureable synergies from leveraging our scale
• Ample growth and profitability opportunitiesidentified
• "Customer first" approach reflected in new business cut along customer segments
• Spotlights on our hidden championsCustomers
Shareholders
Society
Employees
K+S Group 6
We will implement our new strategy in two phases
Phase 2: Growth
203020202017
Phase 1: Transformation
Realize synergies
Advance corporate culture
Net debt/ halvedEBITDA vs. H1/2017
Synergies >€150m
EBITDA-Ambition €3bn
ROCE >15%
Revenue growthbeyond 2030 >4%
Increased share of specialties
Tapping the full potential of our existing assets
Exploring new adjacent growth areas
Shaping the organizationand focusing towards our clients
Reduce indebtedness
Investment grade ratingachieved in 2023
K+S Group
K+S Group 7
Phase 1: We will transform ourselves and create a solid financial baseK+S Group
Strengthen financial base
Supply chain and logistics
Operations: Digital mining
G&A optimization
Operations: Lean management
Sales excellence
Procurement
Evaluate tailings piles optimization
Reduce indebtedness
Realize Synergies
> € 150mp.a. run rate
after inflationby 2020 YE
Shaping the organization
Build ‘One Company’• Commit to existing portfolio• Break up silos and create the
foundation to generate synergies
Customer first: Lift our potential• Focus on customer segments
Agriculture, Industry, Communities and Consumers to better penetrate high-margin, non-commodity business
Increase financial transparency• Make performance transparent
along new customer segments
K+S Group
2019e2017 2018eActual2016
2020e
We aim for a positive free cash flow in 2019
8
Massive positive swing in free cash flow
Free cash flow bridge approximation 2016-2020Based on current portfolio – inorganic growth not included
Fully invested in best class assets
like Bethune
Phase 2: GrowthPhase 1: Transformation
Ambition
2030
EBITDA
ROCE
€3bn
>15%
+ CapEx+ Werra+ Bethune- FX- WC
Investment grade rating achieved in 2023
K+S Group
K+S Group 9
Phase 2:K+S Group
Growth opportunities in our Customer Segments
13%
33%
37%
17%
2016
10%
10%
45%
35%
2030
Growth initiatives from 2020
• Tapping the potential of existing assets and expansion options
• Expand offering of specialty fertilizers• Develop strong position in fertigation• Develop advanced business models (e.g. agro-
platform in Africa)
• Leverage branding capabilities in consumer salt• Grow into Asia
CommunitiesConsumers
Agriculture
Industry
8%
9%
6%
4%
7%
• Strengthen portfolio of specialty industrial products• Expand offering for the pharma industry• Grow into Asia
• Strengthen position in existing markets
~€11bn
€3.5bn
2019
43%
12%
28%
17%
Revenue shares and CAGR 2016-2019-2030
2%Inorganic
5%Organic
K+S Group
What we’ve done – what our next steps are
10
K+S Group
Update on Shaping 2030
Preparing to decide on new organization and reporting lines
Start of bottom-up validation of synergies (> €150 m by 2020)
Setting up project management
!
!
Ong
oing
task
sN
ext t
o co
me
We will keep you posted with updates on our Strategy in H1/2018 and at a CMD at 5 Sept 18
Management remuneration (LTI) linked to share price performance!
Bottom-up validation of synergies done – confident to reach at least € 150 m
!
Projects to lift synergies are starting
!
!
!
Final concept about future organization incl. KPIs done
Sustainability targets and KPIs defined. Possible use of solid residues clarified
!
!
First concept about future organization and KPIs
K+S Group 11
ContentK+S Group
K+S’ Unique Strategic PositionA
Current TradingB
OutlookC
Salt2
Potash and Magnesium Products1
K+S Group 12
Long-Term Dynamics Positive for FertilizerPotash and Magnesium Products
Sources: UN, World Population Prospects, 2012 Revision, UNDP, 2013; FAOStat 2014FAO 2014 - forecasts based on the expected increase in animal protein
Less arable land –but more protein consumption per capitaPotash is indispensable for plant growth
“The growth and yield of plants are limited by the nutrient which is in shortest supply”
Justus von Liebig, 'The Natural Laws of Husbandry', 1863
4.300 m2 2.100 m2 1.800 m2
Global population development
Arable Landper capita
Proteinper capita
60 g/ day 80 g/ day 130 g/ day1
Jahr
3.0 billion 6.9 billion 9.7 billion
1960 2010 2050
K+S Group 13
Unique Portfolio Makes us More RobustPotash and Magnesium Products
Broad portfolio of specialty products Flexibility Stability Partly following different trends
and seasons
Close proximity to our main customers provide logistical advantages
Shipments to overseas customers at competitive costs from Hamburg harbor
Strong and long-standing customer relationships
Europe59%
South America
16%
Asia17%
Other8%
KCL (MOP)3.2
Industrialproducts
0.8
Specialties2.7
Basis: 2017 Sales volumes in million tons
6.7
SOP
Korn-Kali
Kieserite
Industrial potash
Health Care & Nutrition
Basis: 2017 Revenues
K+S Group 14
Potash and Magnesium ProductsPotash Price Comparisons
200
300
400
500
600
200
300
400
500
600
Basi
s: Q
120
12
Basi
s: Q
120
14
MOP gran. Europe vs. Brazil (Source: FMB)
Europe (€/t, Granular, cfr)
Brazil(US$/t, Granular, cfr)
US$/t €/t
K+SK+S
2012 2013 2014 2015 2016 2017 2018
Peers
Peers
Q12012
Q12013
Q12014
Q12015
Q12016
Q12017
Q12014
Q12015
Q12016
Q12017
K+S average selling price versus selected peers (local currencies)
K+S Group
New approach to environmental challenges works
1) Kainite Crystallization and Flotation Facility
Potash and Magnesium Products
15
Implementation of measures to limit the risk of outage days KCF 1 commissioned (reduction of saline wastewater by 20%)K+S mandated advisor K-UTEC to carry out a concept to further reduce saline wastewater Expansion of tailings pile capacity Hattorf (Werra): ‘Early commencement’ grantedK+S reaches settlement with BUNDThuringian municipality of Gerstungenand K+S end their long-lasting disputePreparing for future approval procedures and further wastewater reductions
Track Record
!
!
!
!
!
!
20
14
5.57 7
1997 2006 2016 2017 2018
Discharge Deep-well Measures Gap
Saline wastewater significantly reduced
Amount in millioncubic meter
!
K+S Group
Potash and Magnesium ProductsBethune … up and running
"With Bethune, the most modern potash facility in the world, we are pushing into a new dimension. We are now producing potash on two continents,“
said Dr. Burkhard Lohr (CEO of K+S).
16
K+S Group 17
Bethune - Strengthening our Global Presence
ChinaIndiaSouth East Asia
North America
South America
Expanding our current production portfolio in Germany with a North American production site Second source supplier
Securing a good asset base with competitive production costs
Sales and distribution through existing distribution structures of the K+S Group
Exclusive outline agreement with Koch Fertilizer about supply and sales of Potash fertilizers in the US
Regional growth projects in China and SEA Flexible multi-product strategy
Potash and Magnesium Products
K+S Group 18
ContentK+S Group
K+S’ Unique Strategic PositionA
Current TradingB
OutlookC
Salt2
Potash and Magnesium Products1
K+S Group
Salt
19
Low single-digit demand growth p.a. to 2018 1
1 Source: Roskill
Demand driven by … Product category
Long-Term Dynamics in Salt Demand
De-Icing
Food processingPopulation growth
Economic growth andindustrialisation
Winter weather conditions
Infrastructure development
Increasing standard of living
Industrial
ChemicalUrbanization
Consumer
K+S Group
Inevitable for lifeSalt
20
Main Applications: Food processing
industry Baking industry Condiment and
preservative agent
Main Applications: Chemical industry Chlor-Alkali
processes (→ PVC) Polycarbonates ,
MDI (Isocyanat)(→ plastics, synthetic resin)
Synthetic Soda Ash (→ glass)
Main Applications: Winter road
maintenance services
Commercial users Private
households
Main Applications: Water treatment Drilling fluids Animal feed Infusion, dialysis
solutions Pharmaceuticals Preserving of fish Dyeing works Leather treatment
De-Icing Food processing Industrial ChemicalConsumer
Main Applications: Table salt Dishwasher care Water softening Pool chlorination Body care
K+S Group 21
Unrivalled Global Production NetworkSalt
Competitive edge: Unrivalled global
production network
More than 30 assets on 3 continents allow close proximity to customers in a business that is highly freight-cost sensitive
Unique natural hedge Broad range of products due to variety of production methods Best in class supply chain assets and competence Industry best cost production in Chile
Potential Expansion into
Asia-Pacific
K+S Group 22
Diverse Regional and Product PortfolioSalt
NormalizedRevenue
Distribution
Consumer
Industrial
Food processing
Salt for chemical use
1 De-icing adjusted to normal winter
K+S Group 23
Presence in Attractive De-Icing Markets Salt
Indicative regional strength of winter
2011/12 2012/13 2013/14 2014/15 2015/16 2016/17
Europe North America
Great LakesUS East Coast
Eastern Canada
Central Europe
Scandinavia
K+S Group 24
ContentK+S Group
K+S’ Unique Strategic PositionA
Current TradingB
OutlookC
Salt2
Potash and Magnesium Products1
K+S Group 25
P&LK+S Group
The adjusted key figures only include realized operating forecast hedges of the respective reporting period in EBIT I. In addition, related effects on deferred and cash taxes are also excluded.
€ million Q1/16 Q2/16 Q3/16 Q4/16 FY/16 Q1/17 Q2/17 Q3/17 Q4/17 FY/17
Revenues 1,096 732 688 941 3,457 1,126 742 723 1,032 3,627
EBITDA 285 83 56 94 519 211 102 77 187 577
Margin 26% 11% 8% 10% 15% 19% 14% 11% 18% 16%
EBIT I 218 15 -31 28 229 137 29 12 93 271
Financial result -13 -15 -9 -15 -52 -9 -4 -9 -5 -26
EBT, adjusted 205 0 -41 13 177 129 25 3 87 244
Tax rate, adjusted 28% 29% 34% 23% 26% 27% 24% 33% 66% 41%
Net income, adjusted 148 0 -27 10 131 95 19 2 30 145
EPS, adjusted 0.77 0.00 -0.14 0.05 0.68 0.49 0.10 0.01 0.16 0.76
Tangibly improved operating earnings EBITDA and EBIT I, despite €43m effect for Sigmundshall closure Potash pricing continues to recover, SOP prices have bottomed out Higher product availability at the integrated Werra plant; no days of outages in Q4/17 Higher volumes in Salt in Q4
K+S Group 26
Cash Flow and Balance SheetK+S Group
Operating cash flow lower than last year due to higher Working Capital and FX CapEx came down as high investments at Bethune in Canada came to an end; FCF improved significantly Net Debt/ EBITDA peaked in 2017
€ million Q1/16 H1/16 9M/16 FY/16 Q1/17 H1/17 9M/17 FY/17
Operating cash flow 294 359 390 445 267 384 383 307
- Investing cash flow(pre sale/ purchase of securities)
-243 -537 -847 -1,222 -212 -410 -623 -697
Adjusted free cash flow 50 -178 -456 -777 55 -26 -241 -390
CapEx 280 643 904 1,171 277 410 568 811
Net debt (-) -2,367 -2,860 -3,180 -3,584 -3,614 -3,745 -3,939 -4,141
t/o Net financial debt (-) -1,315 -1,761 -2,052 -2,401 -2,440 -2,592 -2,780 -2,974
Net debt/ EBITDA (LTM) 2.5 3.6 4.9 6.9 8.1 8.1 8.1 7.2
Equity ratio 52% 49% 48% 47% 48% 45% 44% 43%
K+S Group 27
Potash and Magnesium ProductsK+S Group
1 (Revenues – EBITDA) / Sales volumes
€ million Q1/16 Q2/16 Q3/16 Q4/16 FY/16 Q1/17 Q2/17 Q3/17 Q4/17 FY/17
Revenues 461 371 302 399 1,532 474 387 358 485 1,704
EBITDA 137 50 5 -8 185 81 71 42 74 269
Margin 30% 14% 2% -2% 12% 17% 18% 12% 15% 16%
EBIT 102 15 -49 -35 34 42 31 2 6 81
Avg. selling price (€/t) 272 250 239 246 253 260 252 253 250 254
Sales volumes (million tons) 1.69 1.48 1.26 1.62 6.06 1.82 1.54 1.41 1.94 6.71
Cash Unit Costs 1 192 217 236 251 222 216 205 224 212 214
Demand remains strong across all regions ASP slightly up in Q4 (YoY) due to higher product availability and better market pricing; sequentially
down as Bethune volumes came in Adverse FX-effect Cash unit costs peaked Production problems at Werra plant addressed
K+S Group 28
SaltK+S Group
€ million Q1/16 Q2/16 Q3/16 Q4/16 FY/16 Q1/17 Q2/17 Q3/17 Q4/17 FY/17
Revenues 595 319 346 502 1,762 611 316 329 507 1,762
EBITDA 150 33 47 93 322 135 29 37 124 325
Margin 25% 10% 14% 18% 18% 22% 9% 11% 24% 18%
EBIT 123 5 18 58 204 106 0 17 100 223
Sales volumes (million tons) 7.1 2.9 3.5 5.8 19.4 7.5 2.8 3.5 6.5 20.3
De-icing 4.9 0.6 1.0 3.5 10.1 5.1 0.6 1.0 4.0 10.7
Non de-icing 2.2 2.3 2.5 2.3 9.3 2.4 2.3 2.5 2.5 9.7
Average selling prices (€)
De-icing 64 53 52 59 60 61 54 50 55 58
Non de-icing 122 123 113 124 120 120 122 109 110 115
Non de-icing: Vols up in Q4 (YoY), but prices down due to higher share of chemical/industrial salt De-icing: Better demand in Europe more than offsets weak US-pricing in Q4/17 On track to reach SALT 2020 EBITDA-target of at least € 400m
K+S Group 29
Debt Instruments (as of Dec. 31, 2017)K+S Group
Schuldscheinloans
€ 2.1 billion
avg. maturity: 3.75 yrs
€ 1 billionexpires in 2020
Syndicated credit line1
Bonds
€ 765 million
avg. maturity: 2.75 yrs
1 As an alternative instrument a Commercial Paper program is in place
about€ 220
million
Bank loans, Leasing, others
K+S Group 30
Debt ProfileK+S Group
0
500
1.000
1.500
2.000
2.500
3.000
Bond IV € 500 million(mat. 2018; coupon 3.125%)Schuldschein € 325 million(mat. 2019)Loan € 45 million(mat. 2020)Schuldschein € 335 million(mat. 2021)Bond III € 500 million(mat. 2021; coupon 4.125%)Bond II € 500 million(mat. 2022; coupon 3.000%)Schuldschein € 65 million(mat. 2022)Bond I € 625 million (mat. 2023, coupon 2.625%)Schuldschein € 40 million(mat. 2023)
2017 2018 2019 2020 2021 2022 2023
Debt Instruments
As further liquidity source a syndicated credit line facility amounting to € 1 billion and a Commercial Paper program are in place until 2020
K+S Group 31
NetDebt/EBITDA developmentK+S Group
0.71.1 1.0 1.2
0.8
3.2
1.8
2.6
0.4
3.3
0.81.6
0.5
1.8
0.81.1
1.82.3
6.97.2
0,0
1,0
2,0
3,0
4,0
5,0
6,0
7,0
8,0
X-fa
ch
Legacy
K+S Group
Dividend Policy
32
K+S Group
Target payout ratio of 40-50%
Payout ratio (lhs) Dividend yield (rhs) 2
Earnings-based dividend policy
Payout ratio of 40 – 50% of adjusted net profit
Dividend proposal for 2017: € 0.35 per share
1 Proposal to the AGM.2 Based on year-end share prices
0%
2%
4%
6%
8%
10%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
2013 2014 2015 2016 20171
K+S Group
Currency Management
33
K+S Group
Freight/ other costs
USD/CADUSD/EUR
Transaction Translation
CAD/EUR
USD/EUR
K+S Group
Currency Management
34
K+S Group
Hedging of transaction risks, basis USD budget net position Cash flow view: most of anticipated net position hedged Hedging is used if an underlying transaction exists or is expected with
great probability
2018
EUR
/USD
2017: Realized average exchange rate: 1.12 EUR/USD (incl. premium) 2018: Anticipated average exchange rate: 1.15 EUR/USD (incl. premium)¹
USD
/CAD
1,20
1,25
1,30
1,35
1,40
1,45
Q1 Q2 Q3 Q4
Limitation of chance
Limitation of risk
1,00
1,05
1,10
1,15
1,20
1,25
Q1 Q2 Q3 Q4
Worst Case
Best Case
Planned EUR/USD
Limitation of chance
Limitation of risk
Worst Case
Best Case
Planned USD/CAD
2017: no operational hedging transactions2018: Anticipated average exchange rate: 1.31 USD/CAD (incl. premium)²
¹ Premise: based on planned rate of 1.20 EUR/USD for 2018; ² Premise: based on planned rate of 1.25 USD/CAD for 2018
K+S Group 35
ContentK+S Group
K+S’ Unique Strategic PositionA
Current TradingB
OutlookC
Salt2
Potash and Magnesium Products1
K+S Group
K+S GroupGuidance 2018: EBITDA1
36
Actual2017
Bethune Price Volume Currency Othereffects(net)
2018e
577
€ million
Significantincrease2
Main effects:+ Potash prices
(slight increase)
Main effects:+ Higher sales+ Cost improvement
Main effects:+ Potash volumes
(outage days)+ Tangibly higher salt
volumes
Main effects:- Planning assumption:
1.20 EUR/USD
Main effects:+ Sigmundshall
1 The basis for EBITDA is EBIT I, that only includes the realized result from operating forecast hedges.2 Based on average weather conditions in both business units.
K+S Group
K+S GroupGuidance: Housekeeping items
371 Incl. ̴ 4mt of potassium sulphate and potash grades with lower mineral content
FY 2016 FY 2017 FY 2018eGroup
Revenues € 3.5bn € 3.6 bn tangible increaseEBITDA € 519m € 577m significant increase
EBIT I € 229m € 271m significant increase
Financial result € -52m € -26m significantly more negative
Free cash flow, adjusted € -777 € -390 Significant improvement
CapEx € 1.2bn € 811m significant decreaseAverage fx-rate (EUR/USD) 1.11 1.13 1.20Production Outage Days (Werra) ~200 days ~25 days 0 days
Potash and Magnesium ProductsGlobal sales volumes1 ~ 66m tons ~ 69m tons At least stableK+S sales volumes 6.1m tons 6.7m tons significant increaseAverage selling price 253 €/t 254 €/t slight increase
SaltK+S sales volumes 19m tons 20m tons tangible increase
t/o de-icing 10m tons 11m tons tangible increase
K+S Group
IR Contact DetailsK+S Group
E-mail: investor-relations@k-plus-s.comHomepage: www.k-plus-s.comIR-website: www.k-plus-s.com/ir
K+S AktiengesellschaftBertha-von-Suttner-Str. 734131 Kassel (Germany)
Laura SchumberaJunior Investor Relations Manager
Phone: +49 561 / 9301-1607Fax: +49 561 / 9301-2425laura.schumbera@k-plus-s.com
Lutz GrütenHead of Investor Relations
Phone: +49 561 / 9301-1460Fax: +49 561 / 9301-2425lutz.grueten@k-plus-s.com
Katharina VolkmarRoadshow Management
Phone: +49 561 / 9301-1100Fax: +49 561 / 9301-2425katharina.volkmar@k-plus-s.com
Martin HeistermannSenior Investor Relations Manager
Phone: +49 561 / 9301-1403Fax: +49 561 / 9301-2425martin.heistermann@k-plus-s.com
Alexander EngeInvestor Relations Manager
Phone: +49 561 / 9301-1885Fax: +49 561 / 9301-2425alexander.enge@k-plus-s.com
38
K+S Group
Financial CalendarK+S Group
39
CFO Roadshow Frankfurt, MainFirst 15 March 2018
Goldman Sachs 7th European Chemicals Conference with CFO, London 16 March 2018
Non Deal Fixed Income Roadshow Frankfurt, DZ Bank 21 March 2018
Non Deal Fixed Income Roadshow London, Goldman 22 March 2018
Roadshow Paris, Bank of America Merrill Lynch 6 April 2018
Roadshow Zurich, UBS 11 April 2018
Solventis Aktienforum with CFO, Frankfurt 12 April 2018
Roadshow Middle East with CFO, Bankhaus Lampe 19 April 2018
Bankhaus Lampe Deutschlandkonferenz, Baden-Baden 20 April 2018
Quarterly Report Q1/18 14 May 2018
Annual General Meeting 15 May 2018
Half-yearly Financial Report H1/18 14 August 2018
Capital Markets Day in Bethune, Canada (save-the-date) 5 September 2018
K+S Group
K+S Group
K+S Group
K+S Aktiengesellschaft · Bertha-von-Suttner-Straße 7 · 34131 Kassel | Germany · Internet: www.k-plus-s.comInvestor Relations · phone: +49 (0)561 / 9301-1100 · fax: +49 (0)561 / 9301-2425 · email: investor-relations@k-plus-s.com
K+S Share• WKN: KSAG88• ISIN: DE000KSAG888 • Ticker-Symbols:
Bloomberg SDF / Reuters SDFG
K+S ADR• CUSIP: 48265W108 • ADR Ticker-Symbol:
Bloomberg: KPLUY / Reuters: KPLUY.PK
K+S Bond 12/2018• WKN: A1Y CR4 • ISIN: XS0997941199
K+S Bond 12/2021• WKN: A1Y CR5• ISIN: XS0997941355
K+S Bond 06/2022• WKN: A1P GZ8• ISIN: DE000A1PGZ82
K+S Bond 04/2023• WKN: A2E 4U9• ISIN: XS1591416679
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