HANIEL BANKERS DAY Oktober 2012

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1 HANIEL BANKERS DAY Oktober 2012

2 DISCLAIMER PLEASE NOTE THAT THIS PRESENTATION (INCLUDING ANY INFORMATION CONTAINED HEREIN AND ANY INFORMATION, WHETHER OR NOT IN WRITING, SUPPLIED IN CONNECTION WHEREWITH) IS FOR INSTITUTIONAL INVESTORS ONLY. THIS PRESENTATION IS FURNISHED TO YOU SOLELY FOR YOUR INFORMATION, SHOULD NOT BE TREATED AS GIVING INVESTMENT ADVICE AND MAY NOT BE REPRODUCED OR REDISTRIBUTED, IN WHOLE OR IN PART, TO ANY OTHER PERSON No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, the dairness, accuracy or completeness of the information contained herein and, accordingly, none of Franz Haniel & Cie. GmbH (hereinafter referred to as the Company or as Haniel ), or any of its parent or subsidiary undertakings or any of such person s officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document. This presentation may contain forward-looking statements. In addition to statements which are forward-looking by reason of context, forward-looking statements are indicated by the use of words such as forecast, expect, intend, plan, predict, assume, believe, estimate, may, shall, anticipate or expressions with similar meanings. Forward-looking statements are based on certain expectations and assumptions at the time of preparation of this presentation and are subject to risks and uncertainities, e.g. such relating to the future development of the economic and regulatory environment, the behaviour of competitors and other market participants or the ability to successfully integrate acquired business and achieve anticipated synergies. If any of these or other risks and uncertainities occur or if the assumptions underlying any of these statements prove incorrect, actual results may differ materially from those expressed or implied by a forward-looking statement. Therefore, no representation of warranty, expressed or implied, is made regarding any forward-looking statement. Haniel neither intends nor undertakes to update forward-looking statements. Please note that data from external sources cited in this presentation has not been independently verified by Haniel. By accepting this Presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company s business. This Presentation constitutes neither an offer to sell nor an invitation to buy securities. These materials do not constitute or form a part of, and should not be construed as, an offer or invitation to subscribe for or purchase any securities and neither these material nor anything contained herein shall form the basis of, or be relied on in connection with, any offer or commitment whatsoever. In particular, these material are not an offer for sale of securities in the United States (as defined in Regulation S under the U.S. Securities Act of 1933). Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither this document nor any part or copy of it may be distributed in or into, directly or indirectly, the United States, its territories or possessions. Neither this document nor any part or copy of it may be distributed into Australia, Canada or Japan. Any failure to comply with these restrictions may constitute a violation of US, Australian, Canadian or Japanies securities laws, respectively. The distribution of this document in other jurisdictions may also be restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. This Presentation speaks as of 10 October Neither the delivery of this Presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. This material is given in conjunction with an oral Presentation and should not be taken out of context. 2

3 NETTOFINANZVERSCH. UND MARKET VALUE GEARING Nettofinanzverschuldung Teilkonzern Franz Haniel Market Value Gearing Teilkonzern Franz Haniel EUR Mrd. in % -1, ,3 30 3,7 2,8 2,6 2,6 2,4 2, Ziel 12/07 12/08 12/09 12/10 12/11 06/12 MVG 3-Monats Durchschnitt Nettofinanzverschuldung seit 2007 um EUR 1,3 Mrd. reduziert Market Value Gearing durch schlechte Marktpreisentwicklung gestiegen Vielfältige Maßnahmen zur Reduzierung der Nettofinanzverschuldung durchgeführt Ziel: Nettofinanzverschuldung von EUR 2,1 Mrd. 3

4 NETTOFINANZVERSCHULDUNG GEGENÜBER DRITTEN EUR Mio * Erhaltene Dividenden Sonstiger operativer Cash Flow Zinszahlungen Dividenden an Gesellschafter Desinvest. / Investitionen Nicht cashwirksame Veränderung der NFV Nicht cashwirksame Bewertungsänderung der Anleihen Nettofinanzverschuldung* in H stabil 4 * Nettofinanzverschuldung gegenüber Dritten vor Adjustierung gemäß IAS 39 AG8 aufgrund Ratingdowngrade

5 RATING Aktuelles Rating S&P: BB (stable outlook) Moody s: Ba2 (stable outlook) Mittelfristige Ziele Solides Investment Grade Rating Schuldenabbau auf Holdingebene Fortsetzung moderater Dividendenausschüttung an Gesellschafter Kernbotschaften Rating Reports Starke Liquiditätssituation Erhöhtes Market Value Gearing aufgrund Marktverschlechterung Nach Berechnung S&P sind auch im Ausfallszenario 100% der Forderungen von Senior Creditors gedeckt Management und Gesellschafter bekennen sich zur mittelfristigen Rückkehr in den stabilen Investment Grade Bereich 5

6 SÄULEN DER FINANZIERUNG Beteiligungsportfolio Banken Gesellschafter Kapitalmarkt Bonität / Solidität / Langfristigkeit 6

7 FINANZIERUNGSSTRUKTUR 31. Dezember 2011 EUR Mio. 1,200 1, September 2012 EUR Mio. 1,200 1, >= >=2018 Übrige finanzielle Verbindlichkeiten Anleihen, CP und verbriefte Verbindlichkeiten Verbindlichkeiten ggü. Gesellschaftern Genutzte fest zugesagte Kreditlinien Verlängerung Fälligkeitenprofil Fällige Verbindlichkeiten bis Ende 2013 i.h.v. EUR 0,3 Mrd. 7

8 KREDITLINIENSTRUKTUR 31. Dezember 2011 EUR Mio September 2012 EUR Mio >= >=2017 Freie fest zugesagte Kreditlinien Genutzte fest zugesagte Kreditlinien Ausgezeichnete Liquiditätsposition mit EUR 1,5 Mrd. freien zugesagten Kreditlinien Erfolgreiche jährliche Prolongation Langfristige Finanzierungszusagen enthalten keine Financial Covenants, MAC oder ratingabhängige Kündigungsgründe 8

9 ZUGESAGTE KREDITLINIEN - PORTFOLIO 30. September 2012 langfristig kurzfristig Hohe Granularität der Kreditlinien und -beziehungen Weiterer Ausbau der langfristigen Kreditlinien im Fokus 9

10 STEUERUNG DER GESCHÄFTSBEZIEHUNG hoch Exposure Fristigkeit Volumen Kompetenz Kompetenz Allgem. Geschäftsbeziehung Kredit Kapitalmarkt M&A niedrig niedrig Exposure hoch Risikomanagement Cash Management Langfristige Finanzierungszusagen von hoher Bedeutung Geschäftsbeziehung orientiert sich an Kredit und Fachkompetenz 10

11 BANKENRATING METHODOLOGIE Kernrating Rating Kapitalquoten Indikatoren CDS Informationen Interne Vorgaben zur Risikosteuerung mit Auswirkungen auf Geschäftsvergabe 11

12 PROLONGATIONEN 2012/2013 Aktueller Stand Erfolgreicher Prolongationsbeginn Unveränderte Dokumentation Gleichbehandlung Erwartungen Unveränderte Dokumentation Gleichbehandlung Bilaterale Geschäftsbeziehungen Commitment Informationsbereitschaft / offene Kommunikation Gleichbehandlung Fairness Fortführung der vertrauensvollen und langfristigen Zusammenarbeit 12

13 Vielen Dank für Ihre Aufmerksamkeit 13