CNH. Harold Boyanovsky

Size: px
Start display at page:

Download "CNH. Harold Boyanovsky"

Transcription

1 CNH Harold Boyanovsky

2 Performance over last plan period (IAS/IFRS) Net revenues ($bn) Trading profit ($mn) Trading margin 4.7% 6.8% 7.0% 8.4% 8.8% 3.3% Net revenues ($bn) Trading profit range ($mn) Trading margin range 6-10% operating margin range Balocco Plan Targets (Jul 2004) ~14.0 ~16.0 ~17.0 1,250-1,360 1,600-1,730 1,840-1, % % % Lingotto Plan Targets (Nov 2006) April 21, 2010 Fiat Investor Day 2

3 CNH performance versus peer group 2005 CAT Industrial Operating result ($mn) AGCO John Deere Return On Industrial Sales (%) Comparison in $US and US GAAP (Caterpillar machinery operations only as reported ) April 21, 2010 Fiat Investor Day 3

4 CNH performance versus peer group 2009 Industrial Operating result ($mn) AGCO John Deere CAT Return On Industrial Sales (%) Comparison in $US and US GAAP (Caterpillar machinery operations only as reported ) April 21, 2010 Fiat Investor Day 4

5 Net sales by business Equipment operations 2006 Net Sales: $12.1bn 2008 Net Sales: $17.4bn 2009 Net Sales: $12.8bn $4.5 26% $4.3 35% $2,1 17% $12.9 $7.8 65% 74% $ % Agricultural Equipment (AG) Construction Equipment (CE) AG business continued to perform relatively well during the crisis, as CE market declined ~50% (IAS/IFRS) April 21, 2010 Fiat Investor Day 5

6 Casting an eye over past 4 years Key accomplishments to date What we did well... Successful unbundling of brands in both AG & CE Significant improvement in product quality levels Created effective global distribution network Covered significant gaps in product offerings...and not so well Did not achieve cost competitiveness in <100hp tractors Reduce complexity of product offerings April 21, 2010 Fiat Investor Day 6

7 A global leading player Presence by region AG CE Combines 40+hp tractors Light Heavy NA Top 2 Top 2 Top 5 Top 10 EUR Top 2 Leader Top 20 Top 10 LA Leader Top 2 Top 2 Top 3 RoW Top 3 Top 5 Leading positions in AG, top 5 in CE April 21, 2010 Fiat Investor Day 7

8 plan the 4 pillars Refine and strengthen quality of product portfolio Create efficient CE organization Close few remaining gaps in AG Improve cost positioning of key products in AG Rejuvenate key offerings in CE Deploy & implement modular design systems Improve margin performance Merged, streamlined organization representing both New Holland & Case Continue to build brand focus Optimize industrial system World Class Manufacturing Position business in development areas Group purchasing Maximum utilization of FPT Powertrain Insourcing of key components CIS growth with new Kamaz JV in Russia Leverage strength in India and China Improve BCC sourced parts and production April 21, 2010 Fiat Investor Day 8

9 AG demand Key drivers Global Commodity Prices (US$ per metric ton) AG commodity pricing forecasted to remain at historical high levels US Net Farm Income forecast to remain above 10-year average European Farm Income to remain flat Latin America & RoW to return to pre-crisis level Source: IHS Global Insight - March 2010 April 21, 2010 Fiat Investor Day 9

10 Agricultural equipment industry outlook through 2014 * * All classes of combines (substantial growth in Class 7+) Tractors Combines (k Units) Source: CNH, IHS Global Insight CNH Internal Regions Definition April 21, 2010 Fiat Investor Day 10

11 AG North American market development A structural shift to higher productivity equipment High horsepower tractors 140+ Tractors N.A. & 4WD Off-peaks but at consistently high levels Units Combines Crop Production Equipment Off-peaks but at consistently high levels Class 7 and above to grow due to higher productivity market requirements Emphasis on productivity driving Larger equipment Higher precision Units E 2012E 2014E WD Combines N.A. Class E 2012E 2014E Class 7+ TIV % class 7+ Source: CNH, IHS Global Insight - CNH Internal Regions Definition April 21, 2010 Fiat Investor Day 11

12 AG Market development in Europe (US$ per metric ton) K Units European Ag markets to see limited support on biofuel crops in short-term before mid term rebound Dairy and livestock starting to see slight improvement in 2010 on stable commodities Higher demand for feed grains Improved outlook for hay & forage equipment European Union 2020 mandate for 10% biofuel will increase short-term demand for corn and wheat Farm credit conditions expected to improve over the plan April 21, 2010 Fiat Investor Day 12

13 AG Market development in Latin America Sugar production forecast Strengthened CNH presence Localized production Both AG brands positioned as full liners Growth in high capacity tractors, combines and row crop equipment Product to support government sponsored programs (US$ per metric ton) Soybean price forecast K Units LAR Combine Industry Class % 0 25% 0 20% 0 15% 0 10% 5% 0 % class % E 2014E April 21, 2010 Fiat Investor Day 13

14 Brazil: new state of the art plant in Sorocaba R$1 billion investment AG & CE production facility, including parts 8,000 units per year World Class Manufacturing Laser cutting up to 25mm Robotic welding State of the art paint shop World Class Logistics Largest parts distribution center in Latin America April 21, 2010 Fiat Investor Day 14

15 AG Market development in RoW CIS (Russia): AG market for large equipment segments to rise with easing of domestic credit market to rebound 25% over the course of the plan K Units Africa Middle East AG markets picking up in 2010 and forecast to return to 2006 levels by China: increased demand for soy and livestock consumption. Steady demand for small tractors and increasing trend for larger equipment April 21, 2010 Fiat Investor Day 15

16 CE demand Key drivers Global GDP trends E 2011E 2012E 2013E 2014E World 1.7% -2.1% 3.0% 3.2% 3.7% 3.6% 3.6% North America 0.4% -2.4% 2.9% 2.9% 3.7% 3.2% 2.7% Europe 0.7% -4.1% 1.1% 1.7% 2.1% 2.3% 2.5% CIS 5.2% -7.4% 2.7% 4.0% 3.9% 4.0% 4.0% Asia (ex Japan) 5.8% 4.4% 7.1% 6.4% 6.6% 6.7% 6.7% Latin America 5.1% -0.6% 3.5% 4.7% 4.7% 4.4% 4.3% Gradual return to pre-crisis level Asia to remain strong Latin America to restart growth phase in 2010 CIS growth to return in 2011 April 21, 2010 Fiat Investor Day 16

17 CE industry outlook through 2014 Heavy Eq. Light Eq. (k Units) Source: CNH, IHS Global Insight - CNH Internal Regions Definition April 21, 2010 Fiat Investor Day 17

18 CE Market development in North America Global GDP trends E 2011E 2012E 2013E 2014E World 1.7% -2.1% 3.0% 3.2% 3.7% 3.6% 3.6% North America 0.4% -2.4% 2.9% 2.9% 3.7% 3.2% 2.7% Gradual return to more normal level Positive signs from the housing market with early 2010 showing sporadic increase March 2010 housing starts +20% yoy North American GDP growth above the historic threshold for new equipment sales of 2.5% 2010 forecast to reverse recession US Nonresidential Construction Spending $US in billions US Housing Starts In millions of Units Source: IHS Global Insight March 2010, US Census Bureau April 2010 April 21, 2010 Fiat Investor Day 18

19 CE Market development in Europe Global GDP trends E 2011E 2012E 2013E 2014E World 1.7% -2.1% 3.0% 3.2% 3.7% 3.6% 3.6% Europe 0.7% -4.1% 1.1% 1.7% 2.1% 2.3% 2.5% Soft market expected to continue Construction environment to remain sluggish, but demand to improve in 2011 on fleet and stock maintenance CE market expected down for full year 2010, yet at a more stable rate than 2009 Source: CNH, IHS Global Insight - CNH Internal Regions Definition Heavy Eq. Light Eq. (k Units) April 21, 2010 Fiat Investor Day 19

20 CE Market development in Latin America GDP forecast Key objectives to E 2011E 2012E 2013E 2014E Brazil 5.1% -0.4% 4.7% 5.4% 5.3% 4.7% 4.5% Argentina 6.8% -0.3% 1.8% 3.4% 4.0% 4.0% 4.0% Strengthen CNH leadership Actively participating in market demand growth Strengthen localization Major infrastructure spending in Brazil US$300600bn through 2015 Hydroelectric mills Railways and high speed trains Ports Refinery and petrochemical complex World Cup and Olympic Games Focus on high-growth countries Chile Colombia Peru Strengthen distribution network April 21, 2010 Fiat Investor Day 20

21 CE Market development in RoW Global GDP trends E 2011E 2012E 2013E 2014E World 1.7% -2.1% 3.0% 3.2% 3.7% 3.6% 3.6% CIS 5.2% -7.4% 2.7% 4.0% 3.9% 4.0% 4.0% Asia less Japan 5.8% 4.4% 7.1% 6.4% 6.6% 6.7% 6.7% Middle East 5.1% -0.2% 4.0% 5.5% 5.2% 4.8% 4.6% North Africa 5.0% 3.5% 4.3% 4.5% 4.6% 4.5% 4.4% Gradual return to pre-crisis level Asia to remain strong ion international trading commodity Growth in China driven by commodity and infrastructure sectors CIS growth to return strong in 2011 with the improvements in the credit sector Middle East and Africa growth on continued local development and energy sector China CE Industry (k Units) '06 '07 '08 '09 '10F'11E'12E'13E'14E Africa Middle East Russia China Other Countries Source: CNH, IHS Global Insight - CNH Internal Regions Definition April 21, 2010 Fiat Investor Day 21

22 AG key product interventions over plan period Productivity Performance Modular design Tractor More power (>600hp) Optimized powertrains Powertrain CVT across range Design yielding substantial simplification and reduction in cost Combines More power up to Class 9+ High efficiency threshing & cleaning Engine More fuel efficient Tier IV SCR on high output engines 55% reduction in cab models Component rationalization Efficient development Crop production Wider and larger Higher speed with advanced control Hay forage Interventions to improve productivity Expansion of product range Threshing Technology Multi-crop capability Improved grain quality Precision Farming Technology Intelligent control Machine & farm info systems CNH displays and controllers adapted to competitive vehicles Powertrain standardization driven by Tier IV April 21, 2010 Fiat Investor Day 22

23 AG product development plan Tractors Segment WD 220+ hp hp hp hp New models Upgrade Repowering New model PRODUCT ACTIONS Major upgrade Repowering April 21, 2010 Fiat Investor Day 23

24 AG product development plan Harvesting Segment Combine Class 7,8,9 Combine Class 4,5,6 Combine Headers Forage Harvester Grape Harvester New models Upgrade Repowering New model PRODUCT ACTIONS Major upgrade Repowering April 21, 2010 Fiat Investor Day 24

25 CE product development plan Light equipment + excavators Platforms Tractor Loader Backhoe Skid Steer Loader Crawler Excavator Wheel Excavator New models 4 Upgrade 2 PRODUCT ACTIONS Repowering 12 New model Major upgrade Repowering April 21, 2010 Fiat Investor Day 25

26 CE product development plan Heavy equipment Platforms Wheel Loader Dozer Grader Compactor New models 4 PRODUCT ACTIONS Repowering 11 New model Major upgrade Repowering April 21, 2010 Fiat Investor Day 26

27 CE re-organization actions Streamlined CE brand management and merged to single organization CE gross savings ~$15mn $32mn annualized Salaried & contract headcount cut 24% 2011 cost reduction target by nature 4% 26% Plan completion actions to add $55mn annualized cost reductions Full plan: $87mn of which $40mn is structural Areas of concentration: complete rationalization programs of industrial footprint 48% 22% 2009 revenue basis Industrial direct Industrial support Mfg footprint Other US GAAP, constant, non currency adjusted April 21, 2010 Fiat Investor Day 27

28 AG & CE business JV and manufacturing locations Russia (Industrial) Naberezhnye Tractors, Combine, CE CNH 50%, Kamaz 50% Russia (Commercial) Moscow Tractors, Combine, CE CNH 51%, Kamaz 49% Turkey Ankara Tractors CNH 37.5% 37.5% Koç, Public float 25% Dealers: 110 CNH Commercial and Manufacturing JV Commercial and Manufacturing JV Commercial JV consolidated with equity method Pakistan* Dera Ghazi Khan Tractors CNH 43.3%, 50.1% Al Ghazi, public float 6.6% Dealers: 60 Uzbekistan Tashkent Tractors, Planters CNH 51%, Others 49% Retail stores: 13 India New Delhi Tractors CNH: 50% L&T Limited: 50% Dealers: 350 India* Pithampur Tractors CNH: 50% L&T Limited: 50% Retail store: 76 Dealers: 51 Japan Sapporo Tractors CNH 50%, Shibamoto 50% Retail stores: 25 China Shanghai Tractors, CNH 60%; 40% SAIC Dealers: 145 Harbing CNH: 100% Tractors 100% CNH April 21, 2010 Fiat Investor Day 28

29 RoW positioning Russia & CIS States AG New Venture With KAMAZ (k Units) Localized production late 2010 Tractors, combines, equipment Leverage Kamaz distribution Utilize local supplier base Build on existing partnerships Industrial tractor presence via JV in Uzbekistan More than 15 years as of referencefor Turkmenistan government (k Units) CE Build on KAMAZ JV Tractor loader backhoes and other locally made CE equipment April 21, 2010 Fiat Investor Day 29

30 RoW positioning India & China India largest tractor market Leverage production facilities: +30K capacity 25% production for export Expand into balers, cane and cotton harvesters and rice farming equipment (k Units) k (k units) India Tractors Industry Global sourcing location for drivelines and engines AG and CE axles CE: L&T joint venture Production of tractor loader backhoes and compactor equipment in newly refurbished plant E 2012E 2014E China (k units) AG: Large tractors market for low-medium hp JV with SAIC (SNH): tractors hp Wholly owned subsidiary in Harbin tractors > 140hp Import of higher hp & higher productivity equipment Expand exports (k Units) CE: Market continues positive trend Step-up sales financial support via local banks Grow Case brand positioning through network expansion April 21, 2010 Fiat Investor Day 30

31 Fiat Group Purchasing - CNH Material Savings BCC sourcing plan 2010E $4.3bn APV 2014E $6.7bn APV APV from BCC $0.4bn or 9% APV from BCC $1bn or 15% Glass: China $8 mln ongoing 15% saving Machined Castings: China $50 mln by % saving Gears and Shafts: India $40 mln by % saving Machined parts: Mexico $35 mln by % saving Utility platform : Turkey/India $35 mln by % saving Additional $ opportunity by 2014 with increase in-sourcing of global components April 21, 2010 Fiat Investor Day 31

32 Insourcing of key components Examples Corn Head Pickup Head Insourcing of Combine Headers yielding cost reduction of 25% Draper Head Auger Head April 21, 2010 Fiat Investor Day 32

33 MidRange tractors New platform hp T JxC 9000MT - CS T JxU TD Jx 1 platform Light 55-75hp Medium hp Heavy hp Modular design and components standardization yielding 20% savings Vehicle 10% Drivetrain 8% Engine 2%...plus... new CVT new high capacity hydraulics system new engine & torque output better ergonomy April 21, 2010 Fiat Investor Day 33

34 CNH Financial Services CNH Capital Managed Portfolio year-end Present in 17 Countries Originations and Portfolio Retail originations growing in line with current industrial sales forecast NAR $9.5B EUR $4.1B Retail originations $bn 7, ,6 3,1 2,8 2,4 2,9 3,1 3,2 3,4 LAR $2.6B ANZ $1.1B 5,2 4,9 3,9 3,9 4,1 4,2 4,5 4, E 2011E 2012E 2013E 2014E NA Originations RoW Originations Standalone Partnering Average Managed Portfolio Global Portfolio Distribution: $12.4bn Retail Portfolio or 71% $4.9bn Wholesale Portfolio or 29% Managed Portfolio $bn ,9 5,5 5,4 5,1 4,9 5,0 5,1 5,3 Key objectives by 2014: April 21, 2010 Fiat Investor Day 34 11,6 12,9 12,1 11,3 12,2 12,4 12,7 12, E 2011E 2012E 2013E 2014E Retail and Leasing Wholesale

35 Revenue growth during plan period AG Europe 30% North America 15% Latin America 65% Rest of World 60% Worldwide 30% -10% 0% 10% 20% 30% 40% 50% 60% 70% CE Europe 180% North America 140% Latin America 15% Rest of World Worldwide 115% 125% 0% 25% 50% 75% 100% 125% 150% 175% 200% Note: revenues were calculated on 2010 based FX rates to the USD April 21, 2010 Fiat Investor Day 35

36 Industrial Capex/Depreciation ratio April 21, 2010 Fiat Investor Day 36

37 Financials targets $USbn (IFRS) April 21, 2010 Fiat Investor Day 37

38 2014 plan is our route to double-digit profitability Strong macro and industry fundamentals Demand growth for agricultural commodities Improving outlook for construction in mature markets and strong growth elsewhere Better product positioning Close competitive gaps Leverage strengths in high horsepower AG International opportunities Manufacturing localization for profitable growth Improved cost structure Synergies with Fiat Group in powertrain technologies and purchase aggregation Streamlined product line and modular components April 21, 2010 Fiat Investor Day 38

39 Appendix April 21, 2010 Fiat Investor Day 39

40 Financials targets bn (IFRS) April 21, 2010 Fiat Investor Day 40

41 Financials targets Equipment operations $USbn (USGAAP) 11.5% 9.4% 10.0% 10.7% 6.1% 7.9% 7.1% 8.6% 9.2% 5.7% 2.9% E 2011E 2012E 2013E 2014E AG revenues CE revenues High-end operating profit margin Low-end operating profit margin April 21, 2010 Fiat Investor Day 41

CHARTS AND PRICE PROJECTIONS

CHARTS AND PRICE PROJECTIONS CHARTS AND PRICE PROJECTIONS 18 / Charts and Price Projections: FAPRI 27 Agricultural Outlook Average Annual GDP Growth Percent Change 9 8 7 6 4 3 2 1 26-216 Canada China EU NMS EU- India Japan Latin America

More information

CHARTS AND PRICE PROJECTIONS

CHARTS AND PRICE PROJECTIONS CHARTS AND PRICE PROJECTIONS 18 / Charts and Price Projections: FAPRI 28 Agricultural Outlook Average Annual GDP Growth, 27-217 Percent Change 1 8 8.4 7.92 6 4 4.44 3.67 4.6 4.34 2 2.37 2.17 1.38 2.44

More information

FAPRI Food and Agricultural Policy Research Institute

FAPRI Food and Agricultural Policy Research Institute 26 WORLD OUTLOOK Presentation Food and Agricultural Policy Research Institute Global Macroeconomic Overview Sustained and widespread real economic growth for the decade averaging 3.1%. Industrialized countries

More information

World Wheat Supply and Demand Situation December 2018

World Wheat Supply and Demand Situation December 2018 World Wheat Supply and Demand Situation December 218 Major data source: USDA World Agricultural Supply and Demand Estimates released December 11, 218. Projections will change over the course of the year

More information

World Wheat Supply and Demand Situation

World Wheat Supply and Demand Situation World Wheat Supply and Demand Situation September 218 Major data source: USDA World Agricultural Supply and Demand Estimates released September 12, 218. Projections will change over the course of the year

More information

World Wheat Supply and Demand Situation August 2018

World Wheat Supply and Demand Situation August 2018 World Wheat Supply and Demand Situation August 218 Major data source: USDA World Agricultural Supply and Demand Estimates released August 1, 218. Projections will change over the course of the year depending

More information

World Wheat Supply and Demand Situation October 2018

World Wheat Supply and Demand Situation October 2018 World Wheat Supply and Demand Situation October 218 Major data source: USDA World Agricultural Supply and Demand Estimates released October 12, 218. Projections will change over the course of the year

More information

World Wheat Supply and Demand Situation

World Wheat Supply and Demand Situation World Wheat Supply and Demand Situation November 218 Major data source: USDA World Agricultural Supply and Demand Estimates released November, 218. Projections will change over the course of the year depending

More information

CNH Global NV. AEM Investor Conference

CNH Global NV. AEM Investor Conference CNH Global NV AEM Investor Conference March 23, 2011 Fiat Industrial at a Glance Global top 3 capital goods platform with FY 2010 Revenues of 21.3bn 1 CNH AG CNH CE Iveco 8.7bn revenue 2 Global No. 2 Top

More information

Investors Day Brazil Sven Antonsson

Investors Day Brazil Sven Antonsson Investors Day Brazil Sven Antonsson President Latin American Operations Deliveries Key figures 28, 321 vehicles Net sales SEK 37,105 m. Op. income SEK 5,632 m. Operating margin 15.2 % Scania in Brief First

More information

PKC Group establishes Joint Venture with JAC. Matti Hyytiäinen, President & CEO

PKC Group establishes Joint Venture with JAC. Matti Hyytiäinen, President & CEO PKC Group establishes 50-50 Joint Venture with JAC Matti Hyytiäinen, President & CEO 1 PKC Group makes a major breakthrough in China and establishes JV with JAC PKC Group has signed an agreement to establish

More information

Oilseeds and Products

Oilseeds and Products Oilseeds and Products Oilseeds compete with major grains for area. As a result, weather impacts soybeans, rapeseed, and sunflowerseed similarly to grain and other crops grown in the same regions. The same

More information

World Wheat Supply and Demand Situation March 2018

World Wheat Supply and Demand Situation March 2018 World Wheat Supply and Demand Situation March 218 Major data source: USDA World Agricultural Supply and Demand Estimates released March 8, 218. Projections will change over the course of the year depending

More information

Second quarter AB Volvo

Second quarter AB Volvo 1 VOLVO GROUP Strengthened focus on core business divests Volvo Aero Enterprise value of SEK 6.9 billion. Completion expected during the third quarter of 2012. acquires shares in Deutz AG Largest shareholder

More information

Cummins Inc. Investor Relations Presentation February 2009

Cummins Inc. Investor Relations Presentation February 2009 Cummins Inc. Investor Relations Presentation February 2009 Disclosure Regarding Forward-Looking Statements & non-gaap Financial Measures This presentation contains certain forward-looking information.

More information

Magneti Marelli. Eugenio Razelli. April 21, 2010 Fiat Investor Day 1

Magneti Marelli. Eugenio Razelli. April 21, 2010 Fiat Investor Day 1 Magneti Marelli Eugenio Razelli April 21, 2010 Fiat Investor Day 1 Net revenues ( bn) Trading profit ( mn) Performance over last plan period Trading margin 4.3% 4.3% 3.2% 0.6% 2006 2007 2008 2009 Net revenues

More information

China Soybean Imports Stagnant Despite Record Consumption as Production Rebounds

China Soybean Imports Stagnant Despite Record Consumption as Production Rebounds United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 9-08 tember 2008 China Soybean Stagnant Despite Record Consumption as Rebounds Million Tons 60 50 40 30 20 10 0

More information

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Half Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives/ Business

More information

316 / World Biofuels: FAPRI 2009 Agricultural Outlook. World Ethanol

316 / World Biofuels: FAPRI 2009 Agricultural Outlook. World Ethanol WORLD BIOFUELS 316 / World Biofuels: FAPRI 2009 Agricultural Outlook World The world ethanol price increased 13.7% in 2008, to $1.76 per gallon. It is projected to decrease by almost 16%, to $1.48 per

More information

280 / World Cotton: FAPRI 2005 Agricultural Outlook. World Cotton

280 / World Cotton: FAPRI 2005 Agricultural Outlook. World Cotton WORLD COTTON 280 / World Cotton: FAPRI 2005 Agricultural Outlook World Cotton The 2004/05 crop can be characterized simply as record breaking. A record 35.8 mha of cotton were harvested, producing a record

More information

Third quarter AB Volvo

Third quarter AB Volvo Third quarter 2013 Third quarter 2013 TRUCKS EUROPE Excellent reception of the new products decision to optimize manufacturing Highlights in Commercial launch of the new product ranges Strong order situation

More information

Oilseeds and Products

Oilseeds and Products Oilseeds and Products Oilseeds compete with major grains for area. As a result, weather impacts soybeans, rapeseed, and sunflowerseed similarly to the grain and other crops grown in the same regions. The

More information

Investor presentation May The Origin of HighTech.

Investor presentation May The Origin of HighTech. Investor presentation May 2014 The Origin of HighTech. Agenda DEUTZ strategy & positioning Financials Outlook 2 DEUTZ at a glance 150 years DEUTZ a tradition of achievement Independent manufacturer of

More information

Mid-term Outlook for World Agricultural Markets

Mid-term Outlook for World Agricultural Markets Mid-term Outlook for World Agricultural Markets Jacinto Fabiosa Co-Director, (515) 294-6183 jfabiosa@iastate.edu Food and Agricultural Policy Research Institute The Question of Interest? In 27 we asked,

More information

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS Mazda Roadster 25 th Anniversary Model Mazda Motor Corporation July 31, 2014 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 First Quarter

More information

Corn & Bean Producers-1

Corn & Bean Producers-1 Largest Corn Producing Countries - 2016 est. Largest Corn Importing Countries - 2016 est. (Marketing year - thousands of hectares, tons per hectare, and thousands of metric tons) (Marketing year - thousands

More information

NET SALES AT SEPTEMBER 30, October 28, 2013

NET SALES AT SEPTEMBER 30, October 28, 2013 NET SALES AT SEPTEMBER 30, 2013 October 28, 2013 1 NET SALES AT 30 SEPTEMBER 30, 2013 October 28, 2013 Net Sales of 15,282m over First 9 Months, Sales Volumes Up 2% in 3 rd Quarter Markets: up in Q3 Europe:

More information

Investor Presentation. March 2017

Investor Presentation. March 2017 Investor Presentation March 2017 Disclaimer During this presentation management may discuss certain forwardlooking statements concerning Nemak s future performance that should be considered as good faith

More information

2010 1Q Investor Meeting. May 2010

2010 1Q Investor Meeting. May 2010 2010 1Q Investor Meeting May 2010 This presentation contains preliminary figures which may be materially different from the final figures. While the statements in this presentation represent our current

More information

NRMM ENGINE & AFTERTREATMENT FORECAST

NRMM ENGINE & AFTERTREATMENT FORECAST In collaboration with Knibb Gormezano & Partners Years International Management & Technology Consultants NRMM ENGINE & AFTERTREATMENT FORECAST PROVIDING THE MOST COMPREHENSIVE INSIGHT AND ANALYSIS OF THE

More information

About Czarnikow. The Premier Provider of Sugar Market Services. Czarnikow has been in the sugar business since 1861

About Czarnikow. The Premier Provider of Sugar Market Services. Czarnikow has been in the sugar business since 1861 About Czarnikow The Premier Provider of Sugar Market Services Czarnikow has been in the sugar business since 1861 Czarnikow is the leading professional services company in the sugar market Czarnikow has

More information

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Quarter Results Fiscal Year March 2018 Full Year Forecast Structural Reform Stage 2 Progress

More information

Accuride Wheels Europe & Asia Introduction Scott Hazlett, President 20 September 2018

Accuride Wheels Europe & Asia Introduction Scott Hazlett, President 20 September 2018 Combined Strength. Global Reach. Accuride Wheels Europe & Asia Introduction Scott Hazlett, President 20 September 2018 AccurideCorp.com Accuride Corporation Leading Supplier to NA + EU truck/trailer industry

More information

Indian Soybean Meal Exports Unlikely to Recover in 2015/16

Indian Soybean Meal Exports Unlikely to Recover in 2015/16 United States Department of Agriculture Foreign Agricultural Service November 2015 Indian Soybean Meal Exports Unlikely to Recover in Though once a significant regional exporter of soybean meal, India

More information

Soybean Trade Growth: A Story of Brazil, the United States, and China

Soybean Trade Growth: A Story of Brazil, the United States, and China United States Department of Agriculture Foreign Agricultural Service October 2017 Soybean Trade Growth: A Story of Brazil, the United States, and China 12-Month Soybean Export Growth Year Ending September

More information

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS FISCAL YEAR MARCH 214 FINANCIAL RESULTS Mazda CX-5 Mazda Atenza Mazda Motor Corporation April 25, 214 New Mazda Axela 1 PRESENTATION OUTLINE Highlights Fiscal Year March 214 Results Fiscal Year March 215

More information

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS New Mazda Demio Mazda Motor Corporation October 31, 2014 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 First Half Results Fiscal Year March

More information

Joao Ramon Capital Markets Day Industrial Fluid Power

Joao Ramon Capital Markets Day Industrial Fluid Power Joao Ramon Capital Markets Day 2004 Industrial Fluid Power Agenda Business overview Markets Our position South America Summary 2 Fluid Power Products Fluid Power global market worth $7.3bn Hose & Connectors

More information

Pakistan Oilseed Processors Seize Opportunity to Crush Soybeans

Pakistan Oilseed Processors Seize Opportunity to Crush Soybeans United States Department of Agriculture Foreign Agricultural Service December 2015 Pakistan Oilseed Processors Seize Opportunity to Crush Soybeans Pakistan, long an importer of soybean meal, is transitioning

More information

World Geographic Shares

World Geographic Shares World Geographic Shares North America South America Europe Africa Asia Australia/ Oceania 18% 13% 7% 22% 33% 6% World Population Shares North America South America Europe Africa Asia Australia/ Oceania

More information

FY17 RESULTS BUSINESS UPDATES FY18 OUTLOOK. Nissan Motor Co., Ltd. May 14 th, 2018

FY17 RESULTS BUSINESS UPDATES FY18 OUTLOOK. Nissan Motor Co., Ltd. May 14 th, 2018 Nissan Motor Co., Ltd. May 14 th, 2018 RESULTS BUSINESS UPDATES FY18 OUTLOOK www.nissan-global.com Copyright NISSAN MOTOR CO., LTD. All rights reserved. 2 GLOBAL 91.81 5.08 TIV * 1 vs. 93.52 GLOBAL +1.9%

More information

Volkswagen Group Capital Markets Day 2017 Volkswagen Truck & Bus

Volkswagen Group Capital Markets Day 2017 Volkswagen Truck & Bus Volkswagen Group Capital Markets Day 2017 Volkswagen Truck & Bus Andreas Renschler Board of Management, Commercial Vehicles Capital Markets Day, 14 th of March 2017 Disclaimer The following presentations

More information

Weak Real to Boost Brazil s Soybean Exports in 2016

Weak Real to Boost Brazil s Soybean Exports in 2016 United States Department of Agriculture Foreign Agricultural Service October 2015 Weak Real to Boost Brazil s Soybean Exports in 2016 Brazil s exchange rate is having a significant impact on domestic and

More information

FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS FISCAL YEAR MARCH 2018 THIRD QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 Nine Month Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives 1

More information

The Global Car Rental Market To 2018

The Global Car Rental Market To 2018 The Global Car Rental Market To 2018 Report Code: TT0203MR Publication Date: December 2014 www.tourism-ic.com John Carpenter House 7 Carmelite Street London EC4Y 0BS United Kingdom Tel: +44 (0)20 7936

More information

Growing Soybean Oil Price Raises Oil s Contribution to Total Soybean Value

Growing Soybean Oil Price Raises Oil s Contribution to Total Soybean Value United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 10-07 October 2007 Growing Soybean Oil Price Raises Oil s Contribution to Total Soybean Value Relative Share Value:

More information

USDA Projections of Bioenergy-Related Corn and Soyoil Use for

USDA Projections of Bioenergy-Related Corn and Soyoil Use for USDA Projections of Bioenergy-Related Corn and Soyoil Use for 2010-2019 Daniel M. O Brien, Extension Agricultural Economist K-State Research and Extension The United States Department of Agriculture released

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

FY16 results. Business updates. FY17 outlook. Nissan Motor Co., Ltd. May 11 th, 2017

FY16 results. Business updates. FY17 outlook. Nissan Motor Co., Ltd. May 11 th, 2017 Nissan Motor Co., Ltd. May 11 th, 2017 results Business updates FY17 outlook www.nissan-global.com Copyright NISSAN MOTOR CO., LTD. All rights reserved. 2 (TSE REPORT BASIS CHINA JV EQUITY BASIS) NET REVENUE

More information

Macroeconomic Assumptions

Macroeconomic Assumptions Macroeconomic Assumptions A major factor affecting the global economy this year continues to be weakness in Chinese financial markets and the resulting fallout affecting trading partners dependent on the

More information

Argentine Exporters Switch to Soybean Oil as Biodiesel Exports Fall

Argentine Exporters Switch to Soybean Oil as Biodiesel Exports Fall United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 08-13 Argentine Exporters Switch to Soybean Oil as Biodiesel Exports Fall Argentina s soybean oil exports have surged

More information

International Economic Outlook Impact on Global Shipping. International Propeller Club Convention Tampa, FL

International Economic Outlook Impact on Global Shipping. International Propeller Club Convention Tampa, FL International Economic Outlook Impact on Global Shipping International Propeller Club Convention Tampa, FL Captain John W. Murray October 7, 2010 Hapag-Lloyd The Company Headquarters in Hamburg, Germany

More information

Mazda Motor Corporation June 17, 2011

Mazda Motor Corporation June 17, 2011 FY ENDING MARCH 2012 FINANCIAL FORECAST New MAZDA Demio 13-SKYACTIV Mazda Motor Corporation June 17, 2011 1 PRESENTATION OUTLINE FY ending March 2012 Forecast Updates of Framework for Medium- and Long-term

More information

Soybean and Oilseed Meal Import Prospects Higher as Severe Weather Damages EU Crops

Soybean and Oilseed Meal Import Prospects Higher as Severe Weather Damages EU Crops Million Tons Million Tons Million Tons United States Department of Agriculture Foreign Agricultural Service August 2018 Soybean and Oilseed Meal Import Prospects Higher as Severe Weather Damages EU Crops

More information

Automotive Division. Tryggve Sthen President, Automotive Division

Automotive Division. Tryggve Sthen President, Automotive Division Automotive Division Tryggve Sthen President, Automotive Division SKF Capital Markets Day 10 May 2011 Presentation outline Automotive Division update Division overview Key financials Business outlook The

More information

Share of Brazil s Soybean Exports to China Spikes in August

Share of Brazil s Soybean Exports to China Spikes in August United States Department of Agriculture Foreign Agricultural Service September 2018 Share of Brazil s Soybean Exports to China Spikes in August Monthly Share of Brazil's Soybean Exports to China 85% 75%

More information

Review of Operations in FY2012

Review of Operations in FY2012 Sales Segment Profit and Ratio Sales by Region for the Fiscal Year ended March 31, 2013 (To Outside Customers) 41 With respect to construction equipment, while demand increased in North America and Japan

More information

SOLLERS COMPANY OVERVIEW

SOLLERS COMPANY OVERVIEW SOLLERS COMPANY OVERVIEW 1. CORPORATE STRUCTURE GROUP PRODUCTION FACILITIES 2. FY2015 MARKET OVERVIEW FY2015 OPERATING RESULTS 3. 2M2016 OPERATING RESULTS SHAREHOLDER EQUITY AND STOCK INFORMATION 2 CORPORATE

More information

Capital Markets Day. Global e-solutions. Francesco Venturini

Capital Markets Day. Global e-solutions. Francesco Venturini Capital Markets Day Global e-solutions Francesco Venturini New brand Our vision Our name Create the new power economy A name that builds on the trust and scale of Enel and signals distinctiveness and a

More information

Drought in South America to Limit Soybean Exports

Drought in South America to Limit Soybean Exports United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 2-09 ruary 2009 Drought in South America to Limit Soybean Exports Million Tons 16 14 12 10 8 6 4 2 Annual Change

More information

Roadshow Presentation

Roadshow Presentation Roadshow Presentation June 2, Wilfried Trepels, CFO 1 SAF-HOLLAND - Components Fifth Wheels Kingpins Suspensions Landing Gear Axle Systems 2 SAF-HOLLAND - Business Units Trailer Systems Powered Vehicle

More information

1 MICHELIN INVESTOR DAY Shenyang, China November 10, Serge Lafon

1 MICHELIN INVESTOR DAY Shenyang, China November 10, Serge Lafon 1 MICHELIN INVESTOR DAY Shenyang, China November 10, 2014 - Serge Lafon Outline 1. Truck General Overview 2. Customer expectations & Market segmentation 3. Levers for Growth 4. Levers for Profitability

More information

Contents GKN: GROUP OVERVIEW

Contents GKN: GROUP OVERVIEW Contents Every day at GKN we drive the wheels of hundreds of millions of cars, we help thousands of aircraft to fly, we deliver the power to move earth and harvest crops and we make essential components

More information

EXANE BNP PARIBAS 13th European Seminar June 8, 2011

EXANE BNP PARIBAS 13th European Seminar June 8, 2011 EXANE BNP PARIBAS 13th European Seminar June 8, 2011 This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company s results

More information

Q RESULTS. 24 th April 2018

Q RESULTS. 24 th April 2018 Q1 2018 RESULTS 24 th April 2018 DISCLAIMER This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, PEUGEOT SA ( Company ) shares. This presentation may contain forward-looking

More information

Dave Carroll Capital Markets Day Markets Update

Dave Carroll Capital Markets Day Markets Update Dave Carroll Capital Markets Day 2004 Markets Update Tomkins Operates in Diverse End Markets Breakdown 2003 Sales ( 3,150m, US$4,795m) Non-Residential Construction 11% Other 9% Automotive OE 27% Residential

More information

Third Quarter 2018 Performance and Business Update. October 24, 2018

Third Quarter 2018 Performance and Business Update. October 24, 2018 Third Quarter 2018 Performance and Business Update October 24, 2018 1 Important Notice Please read this management presentation together with the Company s press release issued earlier today announcing

More information

GROUP PRESENTATION. Milan, March 27 th &28 th 2012 SOGEFI GROUP

GROUP PRESENTATION. Milan, March 27 th &28 th 2012 SOGEFI GROUP GROUP PRESENTATION Milan, March 27 th &28 th 2012 1 PARIS, March OCTOBER 27 & 28 2012 11th WORLD LEADER Sogefi is a world leader in the design and manufacturing of engine filtration, air intake and cooling

More information

Early-Season U.S. Soybean Meal Sales Surge

Early-Season U.S. Soybean Meal Sales Surge United States Department of Agriculture Foreign Agricultural Service November 2014 Early-Season U.S. Soybean Meal Sales Surge U.S. soybean meal export commitments (accumulated exports plus outstanding

More information

FISCAL YEAR ENDING MARCH 2012 FIRST HALF FINANCIAL RESULTS

FISCAL YEAR ENDING MARCH 2012 FIRST HALF FINANCIAL RESULTS FISCAL YEAR ENDING MARCH 2012 FIRST HALF FINANCIAL RESULTS Mazda Motor Corporation November 2, 2011 New Mazda CX-5 (European specifications) 1 PRESENTATION OUTLINE Highlights Fiscal Year Ending March 2012

More information

Focus on Refinery Product Flows

Focus on Refinery Product Flows December 14, 2016 Focus on Refinery Product Flows Stratas Advisors Gasoline Imports in 2014 CIS and the Middle East are the largest gasoline exporters to Asia. While China and India do not import gasoline

More information

Third quarter AB Volvo

Third quarter AB Volvo 1 VOLVO GROUP Slowing demand and lower earnings driven by one-offs and under-absorption SALES TREND SEK bn 12 months 318 bn OPERATING INCOME SEK bn 12 months* 25 bn 64 73 69 4.9 5.8 4.0* Q3 Q4 Q1 Q2 Q3

More information

FISCAL YEAR ENDED MARCH 2011 FINANCIAL RESULTS

FISCAL YEAR ENDED MARCH 2011 FINANCIAL RESULTS FISCAL YEAR ENDED MARCH 211 FINANCIAL RESULTS Mazda Motor Corporation April 28, 211 Mazda MINAGI 1 PRESENTATION OUTLINE Highlights Fiscal Year Ended March 211 Results In Summary Question & Answer Session

More information

Sharp Decline in Vegetable Oil Stocks Leads to Steeply Higher Prices

Sharp Decline in Vegetable Oil Stocks Leads to Steeply Higher Prices United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 1-11 Sharp Decline in Vegetable Oil Leads to Steeply Higher Prices Commodity prices have been on an upward trend

More information

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3)

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3) FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS New Mazda Axela (Overseas name: New Mazda3) Mazda Motor Corporation October 31, 2013 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2014 First Half

More information

BERNSTEIN STRATEGIC DECISIONS CONFERENCE 2018

BERNSTEIN STRATEGIC DECISIONS CONFERENCE 2018 ABB LTD, NEW YORK CITY, USA, 31 MAY 2018 Positioned for profitable growth BERNSTEIN STRATEGIC DECISIONS CONFERENCE 2018 Ulrich Spiesshofer, CEO Important notice This presentation includes forward-looking

More information

ABB Fact Sheet Full-year ABB Slide 1

ABB Fact Sheet Full-year ABB Slide 1 ABB Fact Sheet Full-year 2014 Slide 1 ABB at a glance ABB is a global leader in power and automation technologies with over 120 years of experience. Our success has been driven by a strong focus on R&D

More information

Q SALES Strong organic growth, confirmed momentum. October 12, 2017

Q SALES Strong organic growth, confirmed momentum. October 12, 2017 Q3 2017 SALES Strong organic growth, confirmed momentum October 12, 2017 Q3 2017 Sales Key facts Sales Since January 1, 2017, Faurecia reports on value-added sales, which are total sales less monolith

More information

PVC and Chlor-Alkali In a Vibrant Region

PVC and Chlor-Alkali In a Vibrant Region PVC and Chlor-Alkali In a Vibrant Region Joel Lindahl Director, Chlor-Alkali & Vinyls Americas Foro PEMEX Petroquímica Junio 2011 1Singapore Shanghai Bangkök Houston New York London Düsseldorf Dubai Latin

More information

Deutsche Konjunktur 2012

Deutsche Konjunktur 2012 Frankfurt/M., 25 Januar Deutsche Konjunktur Stefan Kooths Forecasting Center, Office Berlin GDP: Moderate expansion ahead 114 25=1 QoQ annualized growth rate Level (chain index) + 2.9 +.5 + 1.7 1 112 5

More information

Soybean Oil Prices Diverge on Different Supply Situations

Soybean Oil Prices Diverge on Different Supply Situations United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 10-09 October 2009 Soybean Oil Prices Diverge on Different Supply Situations Soybean Oil Price ($/ton) $900 $850

More information

Grain: World Markets and Trade

Grain: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service Circular Series FG 6-2 June 22 Grain: World Markets and Trade Corn Competition Continues to Contract 2/1 21/2 22/3 U.S. S. America China

More information

As China s Soybean Oil Imports Fall, Production Expands

As China s Soybean Oil Imports Fall, Production Expands United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 10-10 October 2010 As China s Soybean Oil Fall, Expands 12 10 Million Metric Tons 8 6 4 2 0 2006/07 2007/08 China

More information

Automotive Market: Where Do We Go From Here?

Automotive Market: Where Do We Go From Here? Automotive Market: Where Do We Go From Here? June, 3 rd 211 Federal Reserve Bank of Chicago Eighteenth Annual Automotive Outlook Symposium Jeff Schuster Executive Director, Forecasting and Analysis jeff.schuster@jdpa.com

More information

Welcome Welcome... 1

Welcome Welcome... 1 Welcome Welcome... 1 Presentation Structure Our presentation is split into three sections going through the market, operations and financials 2 3 As it has been indicated previously, it is now much clear

More information

FY17 RESULTS BUSINESS UPDATES FY18 OUTLOOK. Nissan Motor Co., Ltd. May 14 th, 2018

FY17 RESULTS BUSINESS UPDATES FY18 OUTLOOK. Nissan Motor Co., Ltd. May 14 th, 2018 Nissan Motor Co., Ltd. May 14 th, 2018 RESULTS BUSINESS UPDATES FY18 OUTLOOK www.nissan-global.com Copyright NISSAN MOTOR CO., LTD. All rights reserved. 2 GLOBAL 91.81 5.08 TIV * 1 vs. 93.52 GLOBAL +1.9%

More information

third QUARTER 2012 October 26, 2012

third QUARTER 2012 October 26, 2012 third QUARTER 212 October 26, 212 Helena norrman Senior Vice President Communications third QUARTER 212 October 26, 212 This presentation contains forward-looking statements. Such statements are based

More information

Fiat Group Automobiles

Fiat Group Automobiles Fiat Automobiles A way forward Sergio Marchionne April 21, 2010 Fiat Investor Day 1 The 6 pillars of FGA s 2010-14 Plan European volumes gradually return to pre-crisis levels + Optimal allocation of production

More information

European Bank for Reconstruction and Development

European Bank for Reconstruction and Development European Bank for Reconstruction and Development EBRD Strategy in Automotive Sector Russia Alexei Sheloukhin Principal Banker, Corporate Sector, Russia Head of Automotive 13 April 2011 Kaluga Automotive

More information

U.S. Ethanol Ready For The World Market

U.S. Ethanol Ready For The World Market U.S. Ethanol Ready For The World Market The United States has plenty of ethanol and is ready and willing to meet foreign market needs. As the U.S. Grains Council (USGC) works with its industry partners

More information

Q Analyst Teleconference. 9 August 2018

Q Analyst Teleconference. 9 August 2018 9 August 218 Disclaimer This presentation contains forward-looking statements that reflect the Company management s current views with respect to certain future events. Although it is believed that the

More information

U.S. Soybean Exports Forecast to Reach Record

U.S. Soybean Exports Forecast to Reach Record United States Department of Agriculture Foreign Agricultural Service July 2017 U.S. Soybean Exports Forecast to Reach Record 60 Accumulated Exports by Week Total Commitments of Soybeans as of End of June

More information

Volvo Group THIRD QUARTER 2015 JAN GURANDER. Volvo Group Headquarters Third quarter

Volvo Group THIRD QUARTER 2015 JAN GURANDER. Volvo Group Headquarters Third quarter Volvo Group THIRD QUARTER 2015 JAN GURANDER 1 VOLVO GROUP Third quarter highlights NET SALES SEK bn 12 months 310 bn IMPROVED PROFITABILITY ON FLAT VOLUMES UNDERLYING OPERATING MARGIN 6.9% 67 73 OPERATING

More information

Press release on the business development of the MAHLE Group in 2013

Press release on the business development of the MAHLE Group in 2013 Press release on the business development of the MAHLE Group in 2013 Stuttgart, April 17, 2014 2013 business year dominated by the ongoing strategic development of the product portfolio Sales Total sales

More information

Contents of Paper. 06-Jan-17 SIGNIFICANCE OF COMMODITIES SECTOR TO MALAYSIAN ECONOMY, WITH EMPHASIS ON OIL PALM

Contents of Paper. 06-Jan-17 SIGNIFICANCE OF COMMODITIES SECTOR TO MALAYSIAN ECONOMY, WITH EMPHASIS ON OIL PALM SIGNIFICANCE OF COMMODITIES SECTOR TO MALAYSIAN ECONOMY, WITH EMPHASIS ON OIL PALM Ahmad Fauzi, Puasa Deputy Director Malaysian Institute of Economic Research (MIER) 17 January 2017 Contents of Paper World

More information

Regional Vegetable Oil Situation: Cut in Sun Oil Production, Imports Leaves North Africa & the Middle East Looking for Soy & Palm Oil to Fill Demand

Regional Vegetable Oil Situation: Cut in Sun Oil Production, Imports Leaves North Africa & the Middle East Looking for Soy & Palm Oil to Fill Demand United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 09-07 tember 2007 Regional Vegetable Oil Situation: Cut in Sun Oil, Leaves North Africa & the Middle East Looking

More information

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First CONFERENCE CALL 2009 1 st HALF RESULTS Good afternoon and welcome to everybody. I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group

More information

AUTUMN CONFERENCE CHEUVREUX Paris. Cheuvreux Conference - Paris

AUTUMN CONFERENCE CHEUVREUX Paris. Cheuvreux Conference - Paris AUTUMN CONFERENCE CHEUVREUX Paris September 25 juillet 20 th, 2012 1 This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, PEUGEOT SA ( Company ) shares. This presentation

More information

China s Rapeseed Meal Imports Rise as Seed Imports Decline

China s Rapeseed Meal Imports Rise as Seed Imports Decline United States Department of Agriculture Foreign Agricultural Service February 2017 China s Rapeseed Meal Rise as Seed Decline Trend in China Rapeseed 12-Month Moving Totals Trend In China Rapeseed Meal

More information

Downstream & Chemicals

Downstream & Chemicals Downstream & Chemicals Pierre Breber Executive Vice President Profitable downstream & chemicals portfolio Fuels refining & marketing Focused, regional optimization Petrochemicals Advantaged feed, scale

More information