Slides [PDF, 465.59 Kb] - Tessenderlo Group

Group financial profile immediately enhanced
Pro Forma 2010 Group Financials 1
Million EUR Reported 2010 Transaction Impact Pro forma 2010
Revenue 2,427.3 (460.5) 1,966.9
REBITDA 175.6 (13.9) 161.7
REBITDA margin 7.2% 1.0% 8.2%
REBIT 58.9 14.1 73.0
REBIT margin 2.4% 1.3% 3.7%
Notional Net Debt 2 283.2 (110.0) 173.2
Net Debt 162.0 (50.0) 112.0
Ratios
ROCE 6.0% 3.8% 9.8%
Leverage based on Notional Net Debt 2 1.6x (0.5x) 1.1x
Leverage 0.9x (0.2x) 0.7x
Gearing based on Notional Net Debt 2 28.1% (4.7%) 23.4%
Gearing 18.3% (1.8%) 16.5%
1
Pro-forma 2010 data based on management estimates
2
Notional net debt is net debt taking into account non-recourse factoring
10
Tessenderlo Group exits commodities and transforms into a global specialty group