GENERAL SHAREHOLDERS MEETING BUSINESS YEAR 2013
NORTH AMERICAN FACTORY
SOUTH AFRICAN FACTORY
RAW MATERIALS DEPOT
STAINLESS STEEL COLD ROLLED SHEET PRICES AISI 304 2.0 mm 3,500 Euros/Mt EUROPEAN MARKET 3,000 2,500 2,000 1,500 1,000 500 Extra de Aleación Alloy Surcharge Precio Base Base Price 0 2011 2012 2013 Source: Metal Bulletin
OFFICIAL NICKEL PRICE IN THE L.M.E. Average price: cash / three months (USD/Mt. Ni.) 30,000 25,000 20,000 15,000 10,000 2011 2012 2013
MELTING SHOP
FIRST HALF 2012-2013 2012 2013 Variation Production 1,179 1,168-1% Thousand Mt. Thousand Mt. Net Sales 2,419 2,072-14% EBITDA 166 119-28% Net Result 40 16-60%
STAINLESS STEEL REINFORCING BARS (EN 1.4362) IN NEW JERSEY
SECOND HALF 2012-2013 2012 2013 Variation Production 1,010 1,057 5% Thousand Mt Thousand Mt Net Sales 2,136 1,895-11% EBITDA 32 109 244% Net Result -58 6 -
PALM OIL TANKS MADE OF STAINLESS STEEL AISI 304L
APPARENT CONSUMPTION % Variation 2012-2013 United States +4.0% Europe +1.7% Asia +8.1% South Africa -9.0%
BUSINESS YEARS 2012-2013 2012 2013 Variation Production 2,189 2,225 2% Thousand Mt Thousand Mt Net Sales 4,555 3,966-13% EBITDA 198 228 15% Net Result -18 22 -
INVESTMENTS OF THE CONSOLIDATED GROUP 2013 2012 Acerinox, S.A. 0.7 0.2 Acerinox Europa 39.6 41.3 NAS 8.5 17.6 Columbus 16.0 7.7 Bahru Stainless 59.3 139.6 Roldán and Inoxfil 1.6 1.3 Spanish Trading Companies 0.1 0.1 Overseas Trading Companies 0.4 1.4 Total 126.3 209.1
CAMPO DE GIBRALTAR FACTORY
SHEARING LINE
MALAYSIAN FACTORY
HOT ROLLING COILER
Issue premium Dividend RETURN TO SHAREHOLDERS Euros/share 0.45 0.45 0.45 0.45 0.433 0.10 0.10 0.10 0.10 0.433 0.35 0.35 0.35 0.35 09 10 11 12 13 * * Scrip dividend
EVOLUTION OF THE STOCK EXCHANGE MARKET - ACERINOX & IBEX 35 Acerinox Daily percentage data, year 2013 Ibex 35 +21.4% +10.8% Jan Feb Mar Abr May Jun Jul Aug Sep Oct Nov Dec
EVOLUTION OF THE STOCK EXCHANGE MARKET - ACERINOX & IBEX 35 Acerinox Daily percentage data, year 2014 until May 31 st Ibex 35 +36.1% +8.9% Jan Feb Mar Abr May Jun Jul Aug Sep Oct Nov Dec
REGASIFICATION PLANT MADE OF STAINLESS STEEL AISI 316
FIRST QUARTER 2013-2014 2013 2014 Variation Production 587 617 5% Thousand Mt Thousand Mt Net Sales 1,035 1,024-1% EBITDA 68 89 30% Net Result 15 25 64%
FIVE KEYS TO THE FUTURE
FIVE KEYS TO THE FUTURE GOOD PRODUCT REDUCTION OVERCAPACITY NICKEL PIG IRON INDUSTRIALIZATION EFFICIENCY AND COMPETITIVENESS
STAINLESS STEEL WORLD PRODUCTION 40,000 35,000 38.1 million Mt 30,000 25,000 20,000 15,000 10,000 5,000 0 1950 60 70 80 90 2000 2013 Annual growth rate: 6% Source: ISSF
Stainless steel plates Bicycle parking in stainless steel AISI 316
FIVE KEYS TO THE FUTURE GOOD PRODUCT REDUCTION OVERCAPACITY NÍQUEL PIG IRON INDUSTRIALIZATION EFFICIENCY AND COMPETITIVENESS
STAINLESS STEEL WORLD PRODUCTION 40,000 50.0% 35,000 30,000 25,000 20,000 3.8% 15,000 10,000 5,000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Europe + Africa Americas Rest of Asia China
Melting shop CHINESE FACTORIES
MAIN PRODUCERS WORLD ANNUAL GROWTH 6% 2.3 MILLION Mt/YEAR 2 INTEGRATED FACTORIES LIKE NAS
EUROPE CONSOLIDATION T H Y S S E N K R U P P A P E R A M O U T O K U M P U A C E R I N O X Melting shop
FIVE KEYS TO THE FUTURE GOOD PRODUCT REDUCTION OVERCAPACITY NICKEL PIG IRON INDUSTRIALIZATION EFFICIENCY AND COMPETITIVENESS
NICKEL PIG IRON Ferronickel with low nickel content Ore from Indonesia and the Philippines Indonesian ban Nickel price rise Philippine ore price rise Removes advantage Chinese producer
SCRAP RECYCLING
FIVE KEYS TO THE FUTURE GOOD PRODUCT REDUCTION OVERCAPACITY NICKEL PIG IRON INDUSTRIALIZATION EFFICIENCY AND COMPETITIVENESS
PRESIDENT OF THE ANDALUCÍA GOVERNMENT VISITING THE PLANT
ELECTRIC ARC FURNACE
FIVE KEYS TO THE FUTURE GOOD PRODUCT REDUCTION OVERCAPACITY NICKEL PIG IRON INDUSTRIALIZATION EFFICIENCY AND COMPETITIVENESS
YEAR 2013, EXCELLENCE PLAN III 2013-2014 16 chapters 95% Internal benchmarking Realistic targes (including part of Excellence I and II) Recurrent savings: 60 millon euros/year 40% 72% 67% Already reached in 2013: 68% (41 millon euros) Q1 Q2 Q3 Q4 Trimestre Quarter Acumulado Accumulated
HUMAN RESOURCES 2013 2012 Variation Acerinox, S.A. 62 65-4.6% Acerinox Europa 2,334 2,413-3.3% NAS 1,381 1,374 0.5% Columbus 1,601 1,592 0.6% Bahru Stainless 385 405-4.9% Roldan and Inoxfil 534 557-4.1% Spanish Trading Companies 244 305-20.0% Overseas Trading Companies 442 541-18.3% Total 6,983 7,252-3.7%
4 FACTORIES IN 4 CONTINENTS COMMERCIAL PRESENCE IN 36 COUNTRIES SALES IN OVER 80 COUNTRIES COMMERCIAL NETWORK Service centers Warehouses 19 28 Offices Agents Mills 30 13 6
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