flsmidth first quarter interim report 2013 presentation

16/05/2013

1

Presentation of Interim Report Q1 2013

17 May 2013Interim Report Q1 2013 1

Forward-looking statements

Interim Report Q1 2013

FLSmidth & Co. A/S’ financial reports, whether in the form of annual reports or interim reports, filed with the Danish Business Authority and/or announced via the company’s website and/or NASDAQ OMX Copenhagen, as well as any presentations based on such financial reports, and any other written information released, or oral statements made, to the public based on this interim report or in the future on behalf of FLSmidth & Co. A/S, may contain forward-looking statements.

Words such as ‘believe’, ‘expect’, ‘may’, ‘will’, ‘plan’, ‘strategy’, ‘prospect’, ‘foresee’, ‘estimate’, ‘project’, ‘anticipate’, ‘can’, ‘intend’, ‘target’ and other words and terms of similar meaning in connection with any discussion of future operating or financial performance identify forward-looking statements.Examples of such forward-looking statements include, but are not limited to:• statements of plans, objectives or goals for future operations, including those related to FLSmidth & Co. A/S markets, products, product research and product

development• statements containing projections of or targets for revenues, profit (or loss), capital expenditures, dividends, capital structure or other net financial items• statements regarding future economic performance, future actions and outcome of contingencies such as legal proceedings and statements regarding the underlying

assumptions or relating to such statements• statements regarding potential merger & acquisition activities. These forward-looking statements are based on current plans, estimates and projections. By their very

nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, which may be outside FLSmidth & Co. A/S’s influence, and which could materially affect such forward-looking statements.

FLSmidth & Co. A/S cautions that a number of important factors, including those described in this presentation, could cause actual results to differ materially from those contemplated in any forward-looking statements.


p y g

Factors that may affect future results include, but are not limited to, global as well as local political and economic conditions, including interest rate and exchange rate fluctuations, delays or faults in project execution, fluctuations in raw material prices, delays in research and/or development of new products or service concepts,interruptions of supplies and production, unexpected breach or termination of contracts, market-driven price reductions for FLSmidth & Co. A/S’ products and/or services, introduction of competing products, reliance on information technology, FLSmidth & Co. A/S’ ability to successfully market current and new products, exposure to product liability and legal proceedings and investigations, changes in legislation or regulation and interpretation thereof, intellectual property protection, perceived or actual failure to adhere to ethical marketing practices, investments in and divestitures of domestic and foreign enterprises, unexpected growth in costsand expenses, failure to recruit and retain the right employees and failure to maintain a culture of compliance.Unless required by law FLSmidth & Co. A/S is under no duty and undertakes no obligation to update or revise any forward-looking statement after the distribution of this presentation.

16/05/2013

2

Th S h l 48 ld d G iti

New Group CEO since 1 May 2013

New CEO

Thomas Schulz, 48 years old and German citizen

MSc & PhD in Engineering with a dissertation in Mineral Mining and Quarrying

Former member of Sandvik’s Group Executive Management

Leadership style: Performance driven and ambitious team playerteam player


Great business model with a sustainable profitable

Reasons for joining FLSmidth

New CEO

pgrowth potential

International company with strong brand name andperformance

Exciting product offerings within both minerals and cement

Scandinavian business culture and heritage

Great match – FLSmidth is a reflection of what I have done the last 20 years


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3

Large pool of professional business people

First impressions of FLSmidth

New CEO

Large pool of professional business peopleValue-driven company with a strong engineering base

Customer intimacy supported by global footprint- not least in India

Strong business cultureObvious synergies between the cement and minerals businesses

A truly global company with the ambition to be the most professional and innovative service provider

Cost, profit and capital efficiency improvements are necessary


Shareholder value

Key focus areas

New CEO

Shareholder value

Internal efficiency

Customer intimacy

Safety performance and culture

Service-check of Group Strategy

M i l H dliMaterial Handling


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4

Current market trends


Increased market uncertainty experienced in the second half of 2012 continued into 2013of 2012 continued into 2013

Short-term outlook for mining capex has deteriorated

Most commodity prices have retreated from peak levels, including copper and gold, though still above investment thresholds

Short-term outlook for most bulk materials remains subdued,but market dynamics (import/export) create opportunities


Service activities still at healthy level

In Cement, good opportunities persist although with increasing competition

Medium to long term prospects remain encouraging

Key Highlights

Q1 is seasonally weak – 2013 is no exception

Market outlook has deteriorated in recent months- particularly for mining capital projects

Guidance for 2013 is unchanged– however skewed towards the lower end however skewed towards the lower end

Corrective actions will be developed and communicated in connection with the Q2 report


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5

Order intake down 22% owing to no large orders in Mineral Processing and

Financial developments in Q1 2013

Q1 Results 2013

FLSmidth & Co. A/S(DKKm) Q1 2013 Q1 2012 Change g g

Cement in Q1

Revenue up 17% attributable to all segments but Material Handling

EBITA down 38%, primarily due to execution of low margin orders in Material Handling and Cement backlog as well as one-off costs of DKK 68m in Q1’13.

Net results down 86% including discontinued activities of DKK 51m

(DKKm)

Order intake 5,027 6,421 -22%Order backlog 28,583 28,736Revenue 5,651 4,829 +17%Gross margin 21.9% 24.9%EBITA 254 408 -38%EBITA margin 4.5% 8.4%

discontinued activities of DKK -51m (Q1’12: DKK -11m, positively impacted by tax gain in Cembrit)

Employees up 19% primarily related to acquisitions and blue collar staff in connection with O&M contracts

17 May 2013 9

EBIT 166 341 -51%EBIT margin 2.9% 7.1%Net results1) 34 241 -86%CFFO -466 -117Employees2) 14,811 12,422 +19%


1) Including Cembrit2) Continuing activities

Service activities accounted for 51% of Q1 orders


Revenue Q1 2013 Order intake Q1 2013

41%41%59%59%

Capital Business

51%51%49%49%

Service BusinessCapital BusinessService Business

Interim Report Q1 2013 1017 May 2013

51%51%

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Order intake decreased 22% in Q1 2013


Order intake (quarterly)22% vs Q1 2012DKKm

Order backlog (quarterly)1% Q1 2012DKKm Book to bill ratio*

0

2,000

4,000

6,000

8,000

10,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

-22% vs. Q1 2012DKKm

0.80.911.11.21.31.41.51.6

05,000

10,00015,00020,00025,00030,00035,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

-1% vs. Q1 2012DKKm Book-to-bill ratio*

Announced O&M orders **Announced capital ordersUnannounced orders

Unannounced orders stable but order intake decreasing due to fewer large orders in Q1

Order intake in Customer Services remains healthy

Expected backlog conversion to revenue: 57% in 2013, 24% in 2014 and 19% in 2015 and beyond. O&M** contracts accounted for DKK 4.9bn (17%) of the order backlog at the end of Q1


*) Order backlog divided by Last-Twelve-Months Revenue

**) Operation & Maintenance

Revenue increased 17% in Q1 2013


Revenue (quarterly)+17% vs Q1 2012DKKm

Revenue growth Q1’13 vs. Q1’12

0

2,000

4,000

6,000

8,000

10,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

+17% vs. Q1 2012DKKm

Growth CustomerServices

MaterialHandling

Mineral Processing

Cement Group

Organic 12% 3% 14% 19% 11%

Acquisitions 23% 0% 5% 0% 8%

Currency -3% -3% -2% -1% -2%

Total 32% 0% 17% 18% 17%

Estimated organic revenue growth of 11% and acquisitive revenue growth of 8% in Q1 2013

Pattern of increasing quarterly revenue over the calendar year expected to be repeated in 2013


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Gross margin development in Q1 2013


Gross margin

Gross profit (quarterly)+3% Q1 2012DKKm

Gross margin Q1’13 vs. Q1’12- by segmentGross margin

24.6%24.9%

21.9%

10%

15%

20%

25%

30%

0

500

1,000

1,500

2,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

+3% vs. Q1 2012DKKm - by segment

28.7%

18.2% 21.8%26.8%27.0%

11.8%

21.5% 19.8%

CustomerServices

MaterialHandling

MineralProcessing

Cement

Q1’13Q1’12 Q1’13Q1’12 Q1’13Q1’12 Q1’13Q1’12


Decline in gross margin is primarily attributable to developments in Cement and Material Handling – as expected and guided – due to lower margins in the backlog for different reasons

Lower gross margin in Customer Services in Q1 is due to business mix

Services Handling Processing

EBITA decreased 38% in Q1 2013


EBITA i

EBITA (quarterly)38% Q1 2012DKKm DKKm

Change in EBITA vs. Q1’12 EBITA margin

9.1% 8.4%

4.5%

0%

3%

6%

9%

12%

15%

0

200

400

600

800

1,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

-38% vs. Q1 2012DKKm

408254

180 169

164

0100200300400500600700

EBITA Q1'12 Increase in revenue

Decrease in gross margin

Increase in SG&A costs

EBITA Q1'13

DKKm

EBITA margin down on Q1’12 for all segments despite revenue growth

Margin decline due to decrease in gross margin and increase in SG&A costs


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Cash flow from operating and investing activities


CFFO (quarterly)DKKm

CFFI (quarterly)+48% vs Q1 2012DKKm298% vs Q1 2012DKKm

-800-400

0400800

12001600

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

+48% vs. Q1 2012DKKm

-3,000-2,400-1,800-1,200

-6000

600

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

-298% vs. Q1 2012

Negative CFFO due to lower operational profit and increased working capital

CFFI reflects that acquisitions are temporarily on hold in 2013, and includes DKK +92m related tosale of non-core activities in Ludowici, Australia


Net Working capital developments in Q1


Average Net Working CapitalWorking capital ratio 7.7%DKKm NWC* /Revenue LTM**End Q1 2013 vs. End Q4 2012

Change in Net Working capitalDKKm

0%

2%

4%

6%

8%

10%

12%

0

500

1,000

1,500

2,000

2,500

3,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

1,629 2,335

158 1,672

603 1,145

583

-

1,000

2,000

3,000

4,000

5,000 Ambition to cap NWC/Revenue at 10%

2011 2011 2011 2011 2012 2012 2012 2012 2013

17 May 2013Interim Report Q1 2013 16*) NWC: Average Net Working Capital excl. Cembrit

**) LTM: Last Twelve Months

Increase in net working capital due to increase in Work In Progress (WIP) as progress billing was impacted by Easter Holidays and contract conditions

Trade Payables decreased in Q1 following very high activity level and receipt of invoices in Q4, however off-set by a decrease in Trade Receivables due to increased cash collections

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Increased capital efficiency is top priority


ROCE* (quarterly)Average capital employed ROCE17% in Q1 2013 EBITA %

Declining ROCE explained by lowerEBITA% and TOCEp p y

DKKm

0%5%10%15%20%25%30%

03,0006,0009,000

12,00015,00018,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

ROCE17% in Q1 2013ROCE target

0%2%4%6%8%

10%12%14%

0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5

2008

20102011

2012

Q1’13 LTM**

2009

EBITA %

Turnover /Capital Employed (TOCE)

EBITA% and TOCE (Turnover/Capital Employed)

Average capital employed has increased notably due to acquisitions.. (DKK +3.5bn from Q1’12 to Q1’13)

..and therefore return on capital employed has fallen (From 23% in Q1’12 to 17% in Q1’13)

ROCE expectations: ~15% in 2013, increasing in 2014 and exceeding target of >20% in 2015


*) ROCE: Return on Capital Employed calculated on a before tax basis, including goodwill and based on last 12 months’ EBITA and average Capital Employed

**) LTM: Last Twelwe Months

Capital structure


NIBD* (quarterly)DKKm

Equity (quarterly)DKKm Equity ratioGearing Gearing 1 5x EBITDA +5% Q1 2012DKKm

0%

10%

20%

30%

40%

50%

0

2,000

4,000

6,000

8,000

10,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

DKKm Equity ratio

-0.8-0.400.40.81.21.622.4

-2,000-1,000

01,0002,0003,0004,0005,0006,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Gearing (NIBD/ LTM** EBITDA)

Gearing 1.5x EBITDA +5% vs. Q1 2012Equity ratio target (self-imposed)Gearing target (self-imposed)

Net debt and gearing increased in Q1 mainly due to weaker CFFO

The equity ratio was unchanged at 30%

Committed credit facilities amounted to DKK 8.3bn (excl. mortgage) at the end of Q1 2013


*) NIBD excluding Cembrit

**) LTM: Last-Twelve-Months

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10

Share buyback program to be initiated


In February, it was announced that the Board y,of Directors plan for an extraordinary cash distribution of DKK 521m in the form of a share buyback program under ‘Safe Harbour’ rules

The Board of Directors will be initiating the program within the next 7 days


Customer Services


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11

Stable order intake but weaker EBITA margin

Customer Services

Revenue (quarterly)DKKm EBITA margin+32% Q1 2012

Order intake (quarterly)+6% vs Q1 2012DKKm DKKm EBITA margin+32% vs. Q1 2012

0%

4%

8%

12%

16%

20%

0

500

1,000

1,500

2,000

2,500

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

0

1,000

2,000

3,000

4,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

+6% vs. Q1 2012DKKm

Announced O&M ordersAnnounced capital ordersUnannounced orders

Record high level of unannounced orders in Q1 reflects continued good market conditions

Revenue benefitting from good order intake in previous quarters and current quarter

Margin adversely impacted by business mix and costs of one-off nature


Customer Services

Customer Services

(DKKm) Q1 Q1 Change Full-year Expected(DKKm) Q2013

Q2012 Change y

2012p

2013

Order intake 1,964 1,846 +6% 9,202Order backlog 8,236 6,679 +23% 8,159Revenue 1,809 1,368 +32% 7,073 DKK 8-10bn

EBITDA 195 193 +1% 1,012EBITA 169 180 -6% 930EBITA margin 9.3% 13.2% 13.1% 13-15%


EBIT 144 174 -17% 7871)

EBIT margin 8.0% 12.7% 11.1%1)

1) Including one-off write-down of capitalized R&D costs in Q2’12 of approximately DKK 60m

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Material Handling


Margin improvement continuously challenging

Material Handling

Revenue (quarterly)DKKm EBITA marginh d Q1 2012

Order intake (quarterly)+71% vs Q1 2012DKKm DKKm EBITA marginunchanged vs. Q1 2012

0

500

1,000

1,500

2,000

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

+71% vs. Q1 2012DKKm

-15%-10%-5%0%5%10%15%

-1,800-1,200

-6000

6001,2001,800

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Announced ordersUnannounced orders

Satisfactory order intake despite challenging market conditions and increased rigorousness in the proposal phase

EBITA margin adversely impacted by extra costs related to prolonged stay on customers’ sites

10 out of 25 risky contracts identified and mentioned in 2012 are now close to being finalised


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Material Handling

Material Handling

(DKKm) Q1 Q1 Change Full-year Expected Order Backlog information(DKKm) Q

2013Q

2012 Change y2012

p2013

Order intake 1,616 943 +71% 4,565Order backlog 5,126 5,023 2% 4,773Revenue 1,055 1,060 0% 4,997 DKK 4-6bn

EBITDA -65 28 -140EBITA -79 16 -186EBITA margin -7.5% 1.5% -3.7% >0%

15 projects out of a total portfolio of 217 projects in the Material Handling Business Unit are currently regarded as risky (end 2012: 25 projects)

These projects accounted for DKK 800 16% f th


EBIT -98 4 -247EBIT margin -9.3% 0.4% -4.9%

DKK 800m or 16% of the backlog at the end of Q1

Mineral Processing


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14

Few large orders due to deteriorating outlook

Mineral Processing


Order intake (quarterly)45% vs Q1 2012DKKm DKKm EBITA margin+17% vs. Q1 2012

0%3%6%9%12%15%18%21%

0500

1,0001,5002,0002,5003,0003,500

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

0500

1,0001,5002,0002,5003,0003,500

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

-45% vs. Q1 2012DKKm


After a period of high order activity, tender activity has come down

High revenue as a consequence of strong order intake in previous quarters

EBITA margin lower than Q1’12 due to costs of one-off nature


Mineral Processing

Mineral Processing


Q2012 Change y

2012p

2013

Order intake 1,345 2,445 -45% 10,318Order backlog 9,057 9,482 -4% 9,589Revenue 2,010 1,722 +17% 9,512 DKK 10-12bn

EBITDA 151 147 +3% 1,079EBITA 130 135 -4% 1,000EBITA margin 6.5% 7.8% 10.5% 8-10%


EBIT 88 94 -6% 7731)

EBIT margin 4.4% 5.5% 8.1%1)


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Cement


Continued weak order intake, but pipeline encouraging

Cement


Order intake (quarterly)78% vs Q1 2012DKKm

0

500

1,000

1,500

2,000

2,500

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

DKKm EBITA margin+18% vs. Q1 2012

0%

5%

10%

15%

20%

25%

0

500

1000

1500

2000

2500

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

-78% vs. Q1 2012DKKm


Order intake at a low point due to lack of large orders in Q1

Trough margins in Q1 as backlog is exhausted of pre-crisis orders with higher profitability

Tender activity remains high in many parts of the world but competition has increased due to excess capacity among equipment suppliers


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Cement

Cement


Q2012 Change y

2012p

2013

Order intake 308 1,415 -78% 4,599Order backlog 6,808 8,208 -17% 7,585Revenue 1,016 859 +18% 4,214 DKK 5-7bn

EBITDA 48 102 -52% 788EBITA 39 93 -58% 752EBITA margin 3.8% 10.8% 17.8% 6-8%


EBIT 37 85 -56% 6691)

EBIT margin 3.6% 9.9% 15.9%1)


Cembrit sales process


Not part of FLSmidth’s long term strategy, and a sales process is on-going

Reported as discontinued activities

FLSmidth is currently in active dialogue with more than one potential acquirer

FLSmidth cautions that there is no assurance that the process will in fact lead to a sale


Cembrit will not be sold if the price is not satisfactory

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17

Business Outlook


Group Guidance 2013 Actual 2012

R DKK 27 30b DKK 25b

Guidance 2013

Future Outlook

• Guidance is unchanged,but skewed towards Revenue DKK 27-30bn DKK 25bn

EBITA margin* 8-10% 10.1%

Tax rate (previously 32-34%) ~36% 34%

CFFI (incl. acquisitions, excl. disposals) ~DKK -1bn DKK -3.6bn

Segments Guidance 2013

R 2012 EBITA i 2012

*) EBITA margin: Includes an expected DKK 200m costs of one-off nature

but skewed towards the lower end of the revenue and EBITA margin ranges

• Effect of purchase price allocations expected to be approx. DKK -320m in 2013 (2012: DKK -292m)


Revenue 2012 EBITA margin 2012

Customer Services DKK 8-10bn (DKK 7.1bn) 13-15% (13.1%)

Material Handling DKK 4-6bn (DKK 5.0bn) >0% (-3.7%)

Mineral Processing DKK 10-12bn (DKK 9.5bn) 8-10% (10.5%)

Cement DKK 5-7bn (DKK 4.2bn) 6-8% (17.8%)

• Costs of non-recurring nature expected to be approx. DKK 200m in 2013 (2012: DKK 225m)

• ROCE is expected to be approx. 15% in 2013, increase in 2014 and to exceed 20% in 2015

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18

Efficiency program to be intensified – details to be presented in August 2013


Cost efficiencyCapital efficiencyProfitable Sales


SG&A costs* – clearly underperforming in Q1’13


SG&A ratio** seasonally high in Q1, but SG&A costs (quarterly)clearly too high in Q1’13

SG&A costs up DKK 164m vs. Q1’12:Acquisitions accounted for DKK 89m of the increase

Costs of non-recurring nature included in SG&A amounted to DKK ~68m in Q1 (Q1’12:DKK ~50m)

SG&A ratio

14.3%15.4% 16.1%

6%

9%

12%

15%

18%

400

600

800

1,000

1,200+22% vs. Q1 2012DKKm


• ERP/business system DKK 19m• M&A integration costs DKK 23m• Restructuring costs DKK 26m

0%

3%

0

200

Q1 2011

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

*) SG&A costs: Sales, General & Administration costs**) SG&A ratio: SG&A costs divided by Revenue

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19

Key take-awaysQ1 i ll k 2013 i tiQ1 is seasonally weak – 2013 is no exception

Market outlook has deteriorated in recent months- particularly for mining capital projects

Guidance for 2013 is unchangedg– however skewed towards the lower end

Corrective actions will be developed and communicated in connection with the Q2 report


Questions &AAnswers

Next update: Q2 Interim Report on 23 August 2013

Follow us on Twitter and LinkedIn


16/05/2013

20

Long term financial targets

Future Outlook

Financial targets

Annual revenue growth Above market averageEBITA margin 10-13%ROCE* > 20%Tax rate 32-34%Equity ratio >30%Financial gearing (NIBD/EBITDA) <2


Financial gearing (NIBD/EBITDA) <2Pay-out ratio 30-50%

*) ROCE: Return on Capital Employed calculated on a before tax basis and including goodwill

Working capital program


Primary focus areas:Primary focus areas:

Establishing measurement and reporting of working capital on a business unit level

Definition of KPI’s and targets included in bonus schemes for 2013

Just-in-time inventory management

Cash collection of overdue debtors


Optimisation of supplier credit terms

Initiatives related to project cash flow management

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21

Revenue and order intake by segment


Order intake Q1 2013Revenue Q1 2013

37%37%26%26%

6%6%

Order intake Q1 2013– classified by segment

Customer Services

Cement

31%31%17%17%

Revenue Q1 2013 – classified by segment

Customer ServicesCement

31%31%


Material Handling

18%18%34%34%

Material HandlingMineral Processing

Mineral Processing

EBITA by segment


EBITA Q1 2013 EBITA margin Q1 2013EBITA Q1 2013– classified by segment

65%50%

15%

EBITA margin Q1 2013– classified by segment

9.3%6.5%

3.8%


-30%

CustomerServices

MaterialHandling

MineralProcessing

Cement

-7.5%

CustomerServices

MaterialHandling

MineralProcessing

Cement

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22

Distribution of order intake by industry


Order intake Q1 2013

27%

10%

4%

18%

Announced orders in Q1 2013

Coal Mozambique DKK 658m (MH)

Q

Cement

Iron ore

Fertilizers

Other

17%

9%15%


Copper

Gold

Coal

Number of employees


Number of employees Q1’13 vs. Q1’12- by segmentNumber of employees decreased slightly - by segment

4,540

3,132 2,275 2,474

5,907

3,676 2,934 2,292

Q1’13Q1’12

Number of employees decreased slightly in Q1’13 (from 14,827 to 14,811), but increased 19% vs. Q1’12 Increase vs. Q1’12 is primarily related to acquisitions and blue collar workers in connection with O&M contractsDevelopments in divisional number of employees are impacted by allocation of Q1’13Q1’12 Q1’13Q1’12 Q1’13Q1’12


CustomerServices

MaterialHandling

MineralProcessing

Cement

employees are impacted by allocation of group staff

flsmidth first quarter interim report 2013 presentation

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