FLSmidth Third Quarter Interim Report 2013

6 November 2013 Interim Report Q3 2013 1

Presentation of Interim Report Q3 2013

Forward-looking statements

Interim Report Q3 2013


FLSmidth & Co. A/S’ financial reports, whether in the form of annual reports or interim reports, filed with the Danish Business Authority and/or announced via the company’s website and/or NASDAQ OMX Copenhagen, as well as any presentations based on such financial reports, and any other written information released, or oral statements made, to the public based on this interim report or in the future on behalf of FLSmidth & Co. A/S, may contain forward-looking statements. Words such as ‘believe’, ‘expect’, ‘may’, ‘will’, ‘plan’, ‘strategy’, ‘prospect’, ‘foresee’, ‘estimate’, ‘project’, ‘anticipate’, ‘can’, ‘intend’, ‘target’ and other words and terms of similar meaning in connection with any discussion of future operating or financial performance identify forward-looking statements. Examples of such forward-looking statements include, but are not limited to: • statements of plans, objectives or goals for future operations, including those related to FLSmidth & Co. A/S markets, products, product research and product

development • statements containing projections of or targets for revenues, profit (or loss), capital expenditures, dividends, capital structure or other net financial items • statements regarding future economic performance, future actions and outcome of contingencies such as legal proceedings and statements regarding the underlying

assumptions or relating to such statements • statements regarding potential merger & acquisition activities. These forward-looking statements are based on current plans, estimates and projections. By their very

nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, which may be outside FLSmidth & Co. A/S’s influence, and which could materially affect such forward-looking statements.

FLSmidth & Co. A/S cautions that a number of important factors, including those described in this presentation, could cause actual results to differ materially from those contemplated in any forward-looking statements. Factors that may affect future results include, but are not limited to, global as well as local political and economic conditions, including interest rate and exchange rate fluctuations, delays or faults in project execution, fluctuations in raw material prices, delays in research and/or development of new products or service concepts, interruptions of supplies and production, unexpected breach or termination of contracts, market-driven price reductions for FLSmidth & Co. A/S’ products and/or services, introduction of competing products, reliance on information technology, FLSmidth & Co. A/S’ ability to successfully market current and new products, exposure to product liability and legal proceedings and investigations, changes in legislation or regulation and interpretation thereof, intellectual property protection, perceived or actual failure to adhere to ethical marketing practices, investments in and divestitures of domestic and foreign enterprises, unexpected growth in costs and expenses, failure to recruit and retain the right employees and failure to maintain a culture of compliance. Unless required by law FLSmidth & Co. A/S is under no duty and undertakes no obligation to update or revise any forward-looking statement after the distribution of this presentation.

Business environment unchanged

Decreasing order intake due to lack of large orders

Return on Capital Employed (ROCE) 10% (ROCE 15% adjusted for special items)

EBITA margin 3.6% (EBITA margin 9.1% adjusted for special items)

Efficiency Programme progressing according to plans

Group guidance for 2013 maintained

Key highlights Q3 2013

3


6 November 2013 Interim Report Q3 2013

Current market trends



Mining capex outlook still challenging - Downturn expected to continue throughout 2014 - Mining operating expenditures still at healthy level

- Commodity prices holding up Global cement market remains subdued and competitive

- Pockets of recovery - US recovery continues

- Struggling Indian economy - Stable service business

No cancellations of orders in the backlog

FLSmidth will be the preferred full service provider

Six key industries

Full-service solutions

Full product flow sheets

Service of technology

Preparing FLSmidth for the next 130 years

The Future of FLSmidth

Strategy


Efficiency Programme Update

Efficiency Programme

23 August 2013 Interim Report Q2 2013 6

Targeted full-year effect in 2015

Reported effect in Q3’13

Estimated full-year effect (run-rate)

Headcount reductions -1,100 -38 -820

Location reductions >20 0 28

One-off costs DKK -500m (2013-2014 effect)

DKK -167m DKK -350m (2013 full year effect)

EBITA improvement DKK+750m p.a. DKK ~0m DKK +338m

Efficiency Programme Update

Efficiency Programme

23 August 2013 Interim Report Q2 2013 7

DKK +338m EBITA improvement run-rate:

28% (SG&A costs)

23% (SG&A costs and Gross profit)

45% (Costs of goods sold)

Started

No EBITA effect

Started

4% (product pruning)

Order intake down 42% (36% adjusted for currency) impacted by lack of large orders

Revenue increased 7% if adjusted for currency

EBITA down 63%, primarily due to special items

EBIT affected by Ludowici impairment write-down

CFFO supported by a decrease in net working capital

ROCE 15% adjusted for special items

Financial developments in Q3 2013

Interim report Q3 2013

6 November 2013 8 Interim Report Q3 2013

FLSmidth & Co. A/S (DKKm)

Q3 2013

Q3 2012

Change Change

FX adjusted

Order intake 4,642 7,956 -42% -36%

Order backlog 24,595 31,766 -23%

Revenue 6,730 6,708 0% +7%

Gross margin 18.6% 26.0%

EBITA 245 655 -63%

EBITA margin 3.6% 9.8%

EBIT -727 557

EBIT margin -10.8% 8.4%

Net results -783 377

CFFO 283 -28

Working Capital 2,285 2,930

ROCE 10% 19%

Employees 15,735 15,839 -1%

36%

33%

6%

6%

1% 3%

15%

Order intake decreased 42% in Q3’13 vs. Q3’12



Order intake by industry (quarterly)

Cement

Coal

Iron ore

Fertilizers

Other

Copper

Gold

0

2,000

4,000

6,000

8,000

10,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Order intake (quarterly)

-42% vs. Q3 2012 DKKm

Announced O&M orders Announced capital orders Unannounced orders

Order intake decreased 36% adjusted for currency

Decline in order intake due to lack of large orders, whereas unannounced orders are stable

Revenue flat vs. Q3 2012 (increased 7% adjusted for currency)



0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Revenue (quarterly)

0% vs. Q3 2012 DKKm

Revenue growth +7% adjusted for currency. No M&A impact

Service activities accounted for 34% of Q3 revenue

Pattern of seasonally increasing revenue over the calendar year broken in Q3, related to Customer Services and Material Handling

Gross margin development



Gross margin

26.8% 26.0%

18.6%

0%

10%

20%

30%

40%

0

500

1,000

1,500

2,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Gross profit (quarterly)

-28% vs. Q3 2012 DKKm

Decline in gross margin due to inventory write-down, one-off costs related to the efficiency programme and execution of low margin order backlog in Cement

Gross margin Q3’13 vs. Q3’12 - by division

28.3%

13.7%

23.5%

36.5%

18.2% 15.1% 21.3%

11.6%

Customer Services

Material Handling

Mineral Processing

Cement

Q3’13 Q3’12 Q3’13 Q3’12 Q3’13 Q3’12 Q3’13 Q3’12

SG&A ratio down in Q3’13 vs. Q3’12



SG&A ratio down 0.9%-points vs. Q3’12

SG&A ratio impacted by efficiency programme one-off costs in Q3’13

SG&A ratio*

13.8% 14.7%

13.8%

0%

3%

6%

9%

12%

15%

18%

0

200

400

600

800

1,000

1,200

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

SG&A costs* (quarterly)

-10% vs. Q3 2012 DKKm

*) SG&A ratio: SG&A costs divided by revenue

245

615 203

167

0

200

400

600

800

EBITA Q3'13 Inventory

writedown

Efficiency

programme one-off costs

EBITA Q3'13

adjusted

EBITA margin down to 3.6% primarily due inventory write-down and efficiency programme one-off costs. EBITA-margin 9.1% adjusted for special items

EBITA decreased 63% in Q3’13 vs. Q3’12



EBITA margin

11.9% 9.8%

3.6%

0%

3%

6%

9%

12%

15%

0

200

400

600

800

1,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

EBITA (quarterly)

-63% vs. Q3 2012 DKKm DKKm

EBITA bridge reported vs. adjusted

9.1%

3.6%

EBITA margin

ROCE 10% in Q3

ROCE decreased 9%-points vs. Q3 2012 due to declining EBITA margin and increased average capital employed as a result of acquisitions made in 2012 and higher average working capital

Return on Capital Employed decreased further



ROCE* (quarterly) Average capital employed

DKKm

0%

5%

10%

15%

20%

25%

30%

0

3,000

6,000

9,000

12,000

15,000

18,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

ROCE

10% in Q3 2013

*) ROCE: Return on Capital Employed calculated on a before tax basis, including goodwill and based on last 12 months’ EBITA and average Capital Employed

ROCE target

Capital employed

(end of quarter)

capital employed

DKKm

0

3,000

6,000

9,000

12,000

15,000

18,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Acquisition of Ludowici

2,597

2,285

416

66 18

255

557

2,000

2,200

2,400

2,600

2,800

3,000

3,200

Net working capital reduced by DKK 312m in Q3’13



Net working capital

DKKm End Q3 2013 vs. End Q2 2013

Change in net working capital

DKKm

0

500

1,000

1,500

2,000

2,500

3,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Positive cash flow from operating activities (CFFO) due to decrease in net working capital

Cash flow from investments (CFFI) reflects that acquisitions are temporarily on hold

Positive free cash flow of DKK +91m in Q3 2013



CFFO (quarterly) DKKm

-800

-400

0

400

800

1200

1600

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

CFFI (quarterly)

DKK -192m in Q3 2013 DKKm

-3,000

-2,400

-1,800

-1,200

-600

0

600

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

DKK +283m in Q3 2013

Customer Services – stable level of unannounced orders order intake -37%, revenue -12%, EBITA -87%

Material Handling – positive EBITA margin adjusted for special items order intake -62%, revenue -19%, EBITA DKK -34m

Mineral Processing - solid earnings despite special items order intake -42%, revenue +1%, EBITA 0%

Cement - earnings significantly below last year as expected order intake -6%, revenue +53%, EBITA -82%

Divisional developments in Q3’13 vs. Q3’12



Order intake down 33% adjusted for currency due to large orders received in Q3’13

Stable underlying order intake

Revenue down 6% adjusted for currency, but up 13% year to date

Customer Services - Unannounced orders stable

Customer Services


Revenue (quarterly)

DKKm EBITA margin -12% vs. Q3 2012

0%

4%

8%

12%

16%

20%

0

500

1,000

1,500

2,000

2,500

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

0

1,000

2,000

3,000

4,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013


-37% vs. Q3 2012 DKKm

Announced O&M orders Announced capital orders Unannounced orders

Ludowici impairment write-down of DKK -880m

Deteriorating outlook for mining capex in general and for the Australian coal industry in particular

Impairment tests led to write-down

Inventory write-down of DKK -203m

Thorough inventory review

More stringent assessment of ageing inventory items

Impairment and inventory write-downs in Q3

Special items


EBITA EBIT

Material Handling one-off costs in Q2 DKK -323m DKK -323m

Expected costs related to efficiency programme in Q3-Q4

DKK -350m DKK -350m

Inventory write-down in Q3 DKK -203m DKK -203m

Ludowici impairment loss in Q3 DKK -880m

Total full-year impact DKK -876m DKK -1,756m

Special items included in the full-year guidance

Special items


Additionally, the guidance for 2013 includes costs of one-off nature amounting to DKK -200m as announced in connection with Annual Report 2012.

Group Guidance 2013 2012

Revenue DKK 26-28bn DKK 26.3bn

EBITA margin 4-5% 9.7%

CFFI ~DKK -0.8bn DKK -3.4bn

ROCE 7-8% 18%

Group guidance 2013 maintained

Guidance


Divisional guidance 2013 Updated to include allocation of special items to divisions

Guidance


Segments Guidance 2013

Revenue (previously) EBITA margin (previously excl. special items)

Customer Services DKK 7-8bn DKK 8-9bn 10-11% (13-14%)

Material Handling DKK 4-5bn -11% to -12% (-8% to -9%)

Mineral Processing DKK 9-10bn DKK 9-11bn 8-9% (8-9%)

Cement DKK 5-6bn 5-6% (6-7%)

Cembrit is expected to generate a revenue of DKK ~1.4bn and an EBITA margin of ~-4% including special items in 2013

Eliminations in the form of intercompany trade is expected to amount to around DKK -1bn

Mining capex downturn to continue throughout 2014

Cement capex already at a low level, but pockets of recovery

Customer Services resilient and still growing

Current order intake not sufficient to sustain current level of revenue

Revenue will be lower in 2014 than in 2013

Outlook

Guidance


Business environment unchanged

Decreasing order intake due to lack of large orders

Return on Capital Employed (ROCE) 10% (ROCE 15% adjusted for special items)

EBITA margin 3.6% (EBITA margin 9.1% adjusted for special items)

Efficiency Programme progressing according to plans

Group guidance for 2013 maintained


24


6 November 2013 Interim Report Q3 2013

Questions & Answers Next update: Annual Report on 13 February 2014 Follow us on Twitter and LinkedIn


Appendices - backup slides


Customer Services


Customer Services

Customer Services


(DKKm) Q3

2013 Q3

2012 Change

Q1-Q3 2013

Q1-Q3 2012

Change

Full-year 2012

Expected 2013

Order intake 2,109 3,345 -37% 5,973 6,760 -12% 9,202

Order backlog 8,325 7,909 +5% 8,325 7,909 5% 8,159

Revenue 1,736 1,968 -12% 5,565 4,944 13% 7,073 DKK 7-8bn

EBITDA 53 258 -80% 568 695 -18% 1,012

EBITA 29 226 -87% 496 637 -22% 930

EBITA margin 1.7% 11.5% 8.9% 12.9% 13.1% 10-11%

EBIT -5311) 199 -1101) 5282) 7872)

EBIT margin -30.6%1) 10.1% -2.0%1) 10.7%2) 11.1%2)

1) Including Ludowici impairment loss of DKK -528 2) Including one-off write-down of capitalized R&D costs in Q2’12 of approximately DKK 60m

Material Handling


Decreasing order intake and revenue reflects continued challenging market conditions and a prudent tender approach

EBITA margin adjusted for special items +3.9% in Q3

Revenue and order intake declining

Material Handling


Revenue (quarterly)

DKKm EBITA margin -19% vs. Q3 2012

0

500

1,000

1,500

2,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013


-62% vs. Q3 2012 DKKm

-40% -30% -20% -10% 0% 10% 20% 30% 40%

-2,400 -1,800 -1,200

-600 0

600 1,200 1,800 2,400

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

111111

Announced orders Unannounced orders

Material Handling

Material Handling


(DKKm) Q3

2013 Q3

2012 Change

Q1-Q3 2013

Q1-Q3 2012

Change

Full-year 2012

Expected 2013

Order intake 638 1,675 -62% 3,282 3,890 -16% 4,565

Order backlog 4,465 5,514 -19% 4,465 5,514 -19% 4,773

Revenue 1,081 1,340 -19% 3,080 3,671 -16% 4,997 DKK 4-5bn

EBITDA -19 -29 -440 27 -140

EBITA -34 -42 -482 -9 -186

EBITA margin -3.1% -3.1% -15.6% -0.2% -3.7% -11% to -12%

EBIT -46 -60 -531 -44 -247

EBIT margin -4.3% -4.5% -17.2% -1.2% -4.9%

No new problematic projects identified

15 projects out of a total portfolio of 180 projects

in the Material Handling Business Unit are

currently regarded as risky (end of Q2 2013: 15 projects)

These projects accounted for DKK 606m or 14%

of the backlog at the end of Q3

The one-off costs of DKK 323m realised in Q2 cover future losses related to the legacy projects

Status on legacy projects in Material Handling

Interim report Q3 2013


Mineral Processing


Declining order intake and lower tender activity as the market for Mineral Processing remains soft

Stable EBITA margin despite impact by special items

EBITA margin adjusted for special items 11.7% in Q3

Declining order intake due to mining capex downturn

Mineral Processing


Revenue (quarterly)

DKKm EBITA margin +1% vs. Q3 2012

0%

3%

6%

9%

12%

15%

18%

21%

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013


-42% vs. Q3 2012 DKKm


Mineral Processing

Mineral Processing


(DKKm) Q3

2013 Q3

2012 Change

Q1-Q3 2013

Q1-Q3 2012

Change

Full-year 2012

Expected 2013

Order intake 1,510 2,598 -42% 4,534 7,851 -42% 10,318

Order backlog 6,749 10,529 -36% 6,749 10,529 -36% 9,589

Revenue 2,393 2,375 +1% 6,880 6,154 12% 9,512 DKK 9-10bn

EBITDA 233 240 -3% 676 596 14% 1,079

EBITA 215 215 0% 604 543 11% 1,000

EBITA margin 9.0% 9.1% 8.8% 8.8% 10.5% 8-9%

EBIT -1771) 164 1231) 3472) -64% 7732)

EBIT margin -7.4%1) 6.9% 1.8%1) 5.6%2) 8.1%2)

1) Including Ludowici impairment loss of DKK -352 2) Including one-off write-down of capitalized R&D costs in Q2’12 of approximately DKK 60m

Cement


0

500

1,000

1,500

2,000

2,500

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Stable level of unannounced orders – lack of large orders

High revenue & low order intake resulting in declining order backlog

EBITA margin adjusted for special items 6.1% in Q3

Revenue significantly higher than order intake

Cement


Revenue (quarterly)

DKKm EBITA margin +53% vs. Q3 2012

0%

5%

10%

15%

20%

25%

0

500

1000

1500

2000

2500

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013


-6% vs. Q3 2012 DKKm


Cement

Cement


(DKKm) Q3

2013 Q3

2012 Change

Q1-Q3 2013

Q1-Q3 2012

Change Full-year

2012 Expected

2013

Order intake 624 667 -6% 2,267 3,984 -43% 4,599

Order backlog 5,706 8,579 -34% 5,706 8,579 -34% 7,585

Revenue 1,385 905 +53% 3,705 2,716 36% 4,214 DKK 5-6bn

EBITDA 47 214 -78% 196 471 -58% 788

EBITA 38 208 -82% 168 445 -62% 752

EBITA margin 2.7% 23.0% 4.5% 16.4% 17.8% 5-6%

EBIT 31 206 -85% 153 3651) -58% 6691)

EBIT margin 2.2% 22.8% 4.1% 13.4%1) 15.9%1)

1) Including one-off write-down of capitalized R&D costs in Q2’12 of approximately DKK 60m

Financial developments YTD

Interim report YTD

6 November 2013 39


Q2 2013 Q2 2012 Change

Order intake 5,626 7,246 -22%

Revenue 6,456 5,653 +14%

EBITA 287 576 -50%

EBITA margin 4.4% 10.2%

EBIT 195 323 -39%

EBIT margin 3.0% 5.7%

CFFO -51 333

Employees2) 14,817 12,717 +17%



Q1 -Q3 2013

Q1-Q3 2012

Change Expected 2013

Order intake 15,295 21,623 -29%

Order backlog 24,595 31,766 -23%

Revenue 19,503 17,889 9% 26-28bn

Gross margin 19.6% 25.4%

EBITA 755 1,666 -55%

EBITA margin 3.9% 9.3% 4-5%

EBIT -399 1,244 n/a

EBIT margin -2.0% 7.0%

Net results -605 841 n/a

CFFO -234 188

Employees 15,735 15,839 -1%

Service activities accounted for 53% of Q3 orders

Expected backlog conversion to revenue: 25% in 2013, 44% in 2014 and 31% in 2015 and beyond. O&M** contracts accounted for DKK 5.2bn (21%) of the order backlog at the end of Q3

Distribution of order intake by segment



0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Order backlog (quarterly)

-23% vs. Q3 2012 DKKm Book-to-bill ratio*

*) Order backlog divided by Last-Twelve-Months Revenue

**) Operation & Maintenance

Growth Customer Services

Material Handling

Mineral Processing

Cement Group

Organic -33% -58% -34% -2% -36%

Acquisitions 0% 0% 0% 0% 0%

Currency -4% --4% -8% -4% -6%

Total -37% -62% -42% -6% -42%

Order intake growth Q3’13 vs. Q3’12

Announced order in Q3 2013: Copper (O&M), Chile, DKK >200m (CS)

Organic revenue growth of 7% in Q3 2013

Service activities accounted for 34% of Q3 revenue

Pattern of increasing quarterly revenue over the calendar broken in 2013, related to Material Handling and Customer Services

Revenue increased 0% in Q3 2013



Growth Customer Services

Material Handling

Mineral Processing

Cement Group

Organic -6% -12% 9% 57% 7%

Acquisitions 0% 0% 0% 0% 0%

Currency -6% -7% -8% -4% -7%

Total -12% -19% 1% 53% 0%

Revenue growth Q3’13 vs. Q3’12

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Revenue (quarterly)

0% vs. Q3 2012 DKKm

Revenue and order intake by segment

43%

13%

31%

13%



Order intake Q3 2013 – classified by segment

Customer Services

Material Handling

Cement

25%

15%

34%

20%

6%

Material Handling

Mineral Processing

Revenue Q3 2013 – classified by segment

Customer Services Cement

Mineral Processing

Cembrit

Service activities accounted for 53% of Q3 orders


Interim Report Q3 2013 43

Revenue Q3 2013

6 November 2013

Order intake Q3 2013

34%

66%

Capital Business

53% 47%

Service Business Capital Business

Service Business

EBITA by segment



EBITA Q3 2013 – classified by segment

29

-34

215

38

Customer Services

Material Handling

Mineral Processing

Cement

EBITA margin Q3 2013 – classified by segment

1.7%

-3.1%

9.0%

2.7%

Customer Services

Material Handling

Mineral Processing

Cement

Capital structure developments



NIBD (quarterly) DKKm

-0.8 -0.4 0 0.4 0.8 1.2 1.6 2 2.4

-2,000 -1,000

0 1,000 2,000 3,000 4,000 5,000 6,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Gearing 2.2x EBITDA Gearing target (self-imposed)

0%

10%

20%

30%

40%

50%

0

2,000

4,000

6,000

8,000

10,000

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Equity (quarterly)

DKKm Equity ratio -21% vs. Q3 2012 Equity ratio target (self-imposed)

The equity ratio declined and the gearing increased as a result of the special items booked in Q3

Number of employees



Number of employees Q3’13 vs. Q3’12 - by segment

5,835

3,352 2,984

2,567

5,916

3,413 2,994

2,331

Customer Services

Material Handling

Mineral Processing

Cement

Q3’13 Q3’12

Number of employees decreased by 142 in Q3 (from 15,877 to 15,735)

820 employees have been given notice by the end of Q3

Developments in divisional numbers are impacted by allocation of group staff

Q3’13 Q2312 Q2313 Q3’12 Q3’13 Q3’12

Date post:	18-Nov-2014
Category:	Business
Upload:	flsmidth-co-as
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