presentation of 2000 results london & edinburgh, march 6 th - 7 th 2001
DESCRIPTION
PRESENTATION OF 2000 RESULTS London & Edinburgh, March 6 th - 7 th 2001. ANNUAL PRODUCTIONS OF ACERINOX, S.A. ‘000 Tons. 1,000. Melting Shop Hot Rolling Cold Rolling. Annual average increase rate: 11.1%. Annual average increase rate: 7.6%. Annual average increase rate: 9.8%. - PowerPoint PPT PresentationTRANSCRIPT
PRESENTATION OF 2000 RESULTSLondon & Edinburgh, March 6th - 7th 2001
0
200
400
600
800
1.000
91 92 93 94 95 96 97 98 99 00
‘000 Tons
ANNUAL PRODUCTIONS OF ACERINOX, S.A.
Melting Shop
Hot Rolling
Cold Rolling
Annual average increase
rate: 11.1%
Annual average increase
rate: 9.8%
Annual average increase
rate: 7.6%
1,000
0,000
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D0
10
20
30
40
50
60
70
80
90
100
110
LME Stocks, Mt
Ni. Price
1981/2000 Average Ni.
US$/Mt. Ni STOCK (‘000 Mt.)
1998 1999 2000
L.M.E. OFICIAL NIKEL PRICES
1981/2000 years average prices: 6,870 US$/Mt 1981/2000 years average prices: 6,870 US$/Mt
0
1,000
1,250
1,500
1,750
2,000
2,250
2,500
2,750
3,000
3,250
3,500
3,750
J M M JL S N J M M JL S N J M M JL S N J M M JL S N J M M JL S N J M M JL S N
USA
GERMANY
HONG KONG
1995 1996 1997 1998 1999 2000SOURCE: Metal Bulletin Research,“Stainless Steel Monthly”
STAINLESS STEEL SHEET PRICESAISI. 304, 2.0 mm (January 95 - December 00)
US$/Mt, final price, alloy surcharge included
Americas19.28%
Europe65.69%
Africa0.71%
Oceania0.41%
Asia13.91%
Americas15.02%
Europe73.90%
Africa0.55%
Oceania0.20%
Asia10.33%
Year 2000 Year 1999
GEOGRAPHICAL DISTRIBUTION OFACERINOX, S.A. NET SALES
7.48.9
11.5
-6.7-8
-4
0
4
8
12
16
1st Q. 2nd Q. 3rd Q. 4th Q.
Average 2000: 5.3
Average 1995-99: 7.1
STAINLESS STEEL COLD ROLLED PRODUCTSCOMSUMPTION GROWTH IN THE EUROPEANMARKET (%). YEAR 2000
92
25
50
75
100
125
1995 1996 1997 1998 1999 2000SOURCE: Metal Bulletin Research,“Stainless Steel Monthly”
88
5761
7167
100
FINAL PRICE EVOLUTION IN GERMANYSTAINLESS STEEL SHEET. AISI. 304 2.0 mm.
100 BASE: Average value of 1995
Annual average
values
Monthly average
values
-7.2
9.4
19.6
-27.1-30
-20
-10
0
10
20
30
1st Q. 2nd Q. 3rd Q. 4th Q.
Average 2000: -2.2
COMSUMPTION GROWTH OF STAINLESS STEEL COLD ROLLED THIN COIL AND SHEET IN THEAMERICAN MARKET (%). YEAR 2000
72
25
50
75
100
125
FINAL PRICE EVOLUTION IN U.S.A.STAINLESS STEEL SHEET. AISI. 304 2.0 mm.
1995 1996 1997 1998 1999 2000
82
6359
7376
100
100 BASE: Average value of 1995
SOURCE: Metal Bulletin Research,“Stainless Steel Monthly”
Annual average
values
Monthly average
values
46
25
50
75
100
125
1995 1996 1997 1998 1999 2000
60
4846
6166
100
100 BASE: Average value of 1995
SOURCE: Metal Bulletin Research,“Stainless Steel Monthly”
Annual average
values
Monthly average
values
FINAL PRICE EVOLUTION IN HONG KONGSTAINLESS STEEL SHEET. AISI. 304 2.0 mm.
1,000
1,200
1,400
1,600
1,800
2,000
2,200
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
US$/Mt.
STAINLESS STEEL SHEET PRICES AISI 3042.0 mm, IN S.E. ASIA. YEAR 2000
1,957
1,385
1,081
618
256
0
250
500
750
1.000
1.250
1.500
1.750
2.000
96 97 98 99 00
ACERINOX S.A.
Commercial companies
N.A.S.
ROLDAN + INOXFIL
Million Euros
Average annual increase
rate: 15.8%
Consolidated Group
EVOLUTION OF ACERINOX GROUP NET SALES
2,000
1,750
1,500
1,250
1,000
0
20
40
60
80
100
120
140
91 92 93 94 95 96 97 98 99 00
SERVICE CENTRES ANDHEAD OFFICE
SHAREHOLDINGS INSUBSIDIARIES ANDASSOCIATED
FACTORY OF CAMPO DEGIBRALTAR
Million Euros
54
2415
113 110
9084
111
120
133
INVESTMENTS MADE BY ACERINOX, S.A.
The figures on the top of each
bar show the total annual
investment of Acerinox,S.A.
0,000
20,000
40,000
60,000
80,000
100,000
120,000
1996 1997 1998 1999 2000
ANNUAL PRODUCTIONS OF ROLDAN, S.A.
Annual average increaseAnnual average increase
rate: 29.3%rate: 29.3%
0
Mt.
0,000
4,000
8,000
12,000
16,000
20,000
1996 1997 1998 1999 2000
Mt.
Annual average increaseAnnual average increase
rate: 26.7%rate: 26.7%
ANNUAL PRODUCTIONS OF INOXFIL, S.A.
0
0
4
8
12
16
20
24
28
32
1996 1997 1998 1999 2000
Million Euros
NET CASH FLOW AND NET RESULT OF ROLDAN, S.A.+ INOXFIL, S.A.
NET RESULT
NET CASH FLOW
INOXFIL, S.A.
ROLDAN, S.A.
INOXFIL, S.A.
ROLDAN, S.A.
Annual average increaseAnnual average increase
rate: 41.4%rate: 41.4%
Annual average increaseAnnual average increase
rate: 27.4%rate: 27.4%
0
100
200
300
400
500
600
92 93 94 95 96 97 98 99 00
Hot Rolling
Cold Rolling
ST (‘000)
EVOLUTION OF N.A.S. PRODUCTION
Year 2000
NET SALES 573.04
RESULT AFTER TAXES 64.15
NET CASH FLOW 94.2 +26.3
N.A.S.
% Increase
over 1999
+17.3
+33.1
Million US$
RESULTS AT DECEMBER 31st 2000
Date: January, 5th 2001
Date: February, 22nd 2001
Date: February, 22nd 2001
INVESTMENT IN NAS
Year of
start upINVESTMENTS Million US$
1998 Hot rolling mill and miscellaneous 290
2001 Melting shop 200
2003 Nº3 SZ Cold rolling mill and nº3 AP line 130
Total 968
2000Plate shop, Skin Pass mill and
miscellaneous38
Nº1 SZ Cold rolling mill, Nº1 and Nº2
AP lines1993 240
1995Nº2 SZ Cold rolling mill, barge docking
installations and miscellaneous70
CONSOLIDATED GROUP
Year 2000 Year 1999 Year 2000 Year 1999
NET SALES 1,956.61 1,429.32 325,552 237,819 +36.9
RESULT BEFORE TAXES 394.00 174.69 65,556 29,065 +125.6
RESULT AFTER TAXES 287.52 125.19 47,839 20,831 +129.7
DEPRECIATION 102.91 77.56 17,123 12,904 +32.7
NET CASH FLOW 390.43 202.75 64,962 33,735 +92.6
EUROS PESETAS %
Increase
Figures in million
RESULTS AT DECEMBER 31st 2000
0
50
100
150
200
250
300
350
400
96 97 98 99 00
Net Result
Net Cash Flow
Million Euros
EVOLUTION OF NET RESULTS AND NETCASH FLOW OF ACERINOX GROUP
Annual average increaseAnnual average increase
rate: 33.9%rate: 33.9%
Annual average increaseAnnual average increase
rate: 28.4%rate: 28.4%
R.O.E. (%)R.O.E. (%)
ACERINOX CONSOLIDATED GROUP: MOST SIGNIFICANT DATA
10.73
14.45
6.24
12.79
23.62
96
97
98
99
00
29.28
14.57
8.28
15.51
11.9996
97
98
99
00
R.O.C.E. (%)R.O.C.E. (%)
NET INVESTMENTS. Thousand EurosNET INVESTMENTS. Thousand Euros
142,283
108,961
172,391
155,796
143,098
96
97
98
99
00
21.27
23.00
24.38
17.19
13.4496
97
98
99
00
GEARING (%)GEARING (%)
ACERINOX CONSOLIDATED GROUP: MOST SIGNIFICANT DATA
82.07
63.87
78.25
50
60
70
80
90
100
110
120
Acerinox
STOCK EXCHANGE MARKET. DAILYEVOLUTION IN PERCENTAGE. YEAR 2000
IBEX 35 index
Average of main
European steel firms
P.E.R.P.E.R.
6.7
18.5
20.9
12.3
14.896
97
98
99
00
ACERINOX CONSOLIDATED GROUP: MOST SIGNIFICANT DATA