First Quarter 2012 results - Clariant

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First Quarter 2012 results - Clariant

AgendaHighlights first quarterFinancial resultsBusiness performanceOutlookQ1 2012, Wire Call, 03 May 2012 (Copyright Clariant. All rights reserved.)Slide 5 / 13


Key figures first quarterQ1/12 Q1/11 in CHF in LCSales in CHF mn 1 945 1 717Gross margin in % of sales 28.2 29.8+13%+18%EBITDA before exceptionals in CHF mn 28.7% 236 29.2% 277–15% –9%– margin in % of sales 12.1 16.1EBIT before exceptionals in CHF mn 28.7% 160 29.2% 230–30% –25%– margin in % of sales 8.2 13.4Net income in CHF mn 20 120Operating cash flow* in CHF mn 6 22* starting from 2012 interest paid and interest received are reported as part of financing cash flow; prior year information has been reclassified accordinglyQ1 2012, Wire Call, 03 May 2012 (Copyright Clariant. All rights reserved.)Financial results first quarterSlide 6 / 13


Double-digit sales growth in localcurrenciesSales growth in local currencies• Sales mix:– Volume –6%– Price +4%– Acq./div. +20%– Currency –5%• Double-digit sales growth in LC driven bySüd-Chemie acquisition• Organic LC sales growth –2%, mainly dueto lower volumes in the cyclical part of theportfolio and weakness in Europe• Sequentially improving volumes:–6% in Q1/12 vs. –12% in Q4/11Q1/12+18%Total sales Q1 2012: CHF 1 945 mnincl. China114 / +16%+23%+21%incl. Brazil146/ +20%Sales growth in local currenciesQ1/11+5%incl. Germany254 / +4%Asia/Pacific421 Europe, MiddleLatinAmerica311NorthAmerica283+39%East & Africa930+11%Middle East & Africa168 / +43%Q1 2012, Wire Call, 03 May 2012 (Copyright Clariant. All rights reserved.)Financial results first quarter Slide 7 / 13


AgendaHighlights first quarterFinancial resultsBusiness performanceOutlookQ1 2012, Wire Call, 03 May 2012 (Copyright Clariant. All rights reserved.)Slide 10 / 13


2012 – further steps to increase quality,growth potential and profitability of portfolioFocusing on…… results inmarkets with high future perspectivesmarkets with strong growth rates• Evaluation of strategic options for BusinessUnits Emulsions Detergents & Intermediates,Paper Specialties and Textile Chemicalsto be implemented in the mid- to long-termbusinesses with competitive positionsbusinesses with strong pricing power• Bolt-on acquisitions to strengthen BusinessUnits with above average growth potentialand a high profitabilityProcess to implement one of the strategic options in the mid- to long-term has been initiated:BUs are currently prepared to operate independently from the Clariant Group.Q1 2012, Wire Call, 03 May 2012 (Copyright Clariant. All rights reserved.)Outlook Slide 11 / 13


Outlook 2012Environment• Base case scenario assumptions:► After a weak start into 2012, the global economy will progressively strengthenin the course of the year► Raw material costs are expected to rise in the mid single-digit range► Exchange rates should remain stable compared to the beginning of 2012Clariant – guidance 2012 confirmedFor the full-year 2012, Clariant expects further sales growth in local currency and a sustainedprofitability. Results for the first half-year are expected to be lower compared to the high base ofthe first half of 2011, with an improvement in the second half-year 2012.Q1 2012, Wire Call, 03 May 2012 (Copyright Clariant. All rights reserved.)Outlook Slide 12 / 13

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