1999 2000 2001 2002 2005 2006 2007 Annual Report 2004 Financial Calendar Contact What matters. What matters. Innovation. Internationality. Performance. Press Conference on Annual Results Linde AG March 22, 2005 Abraham-Lincoln-Straße 21 Städelmuseum, Frankfurt am Main 65189 Wiesbaden Germany Analysts’ Conference Telephone +49-611-770-0 March 22, 2005 Fax +49-611-770-269 Städelmuseum, Frankfurt am Main www.linde.com Interim Report January - March 2005 Communications May 4, 2005 Telephone +49-611-770-146 Fax +49-611-770-447 Shareholders’ Meeting 2005 E-Mail [email protected] June 8, 2005, 10.00 am International Congress Center, Munich Investor Relations Dividend Payment Telephone +49-611-770-128 June 9, 2005 Fax +49-611-770-690 E-Mail [email protected] Interim Report January – June 2005 August 4, 2005 This report and the annual financial statements are available in both German and English and Fall Press Conference can be downloaded from our website at November 3, 2005 www.linde.com. An interactive online version Corporate Center, Wiesbaden is also available at this address. Interim Report Further copies of the report and additional January – September 2005 information about the Linde Group can be November 3, 2005 obtained from us free of charge. Linde highlights Shareholders’ Meeting 2006 Mai 4, 2006, 10.00 am Annual Report 2004 International Congress Center, Munich Linde AG Abraham-Lincoln-Straße 21 Shareholders’ Meeting 2007 65189 Wiesbaden June 5, 2007, 10.00 am Germany International Congress Center, Munich Telephone: +49-611-770-0 Fax: +49-611-770-269 www.linde.com 1999 2000 2001 2002 2005 2006 2007 Annual Report 2004 Financial Calendar Contact What matters. What matters. Innovation. Internationality. Performance. Press Conference on Annual Results Linde AG March 22, 2005 Abraham-Lincoln-Straße 21 Städelmuseum, Frankfurt am Main 65189 Wiesbaden Germany Analysts’ Conference Telephone +49-611-770-0 March 22, 2005 Fax +49-611-770-269 Städelmuseum, Frankfurt am Main www.linde.com Interim Report January - March 2005 Communications May 4, 2005 Telephone +49-611-770-146 Fax +49-611-770-447 Shareholders’ Meeting 2005 E-Mail [email protected] June 8, 2005, 10.00 am International Congress Center, Munich Investor Relations Dividend Payment Telephone +49-611-770-128 June 9, 2005 Fax +49-611-770-690 E-Mail [email protected] Interim Report January – June 2005 August 4, 2005 This report and the annual financial statements are available in both German and English and Fall Press Conference can be downloaded from our website at November 3, 2005 www.linde.com. An interactive online version Corporate Center, Wiesbaden is also available at this address. Interim Report Further copies of the report and additional January – September 2005 information about the Linde Group can be November 3, 2005 obtained from us free of charge. Linde highlights Shareholders’ Meeting 2006 Mai 4, 2006, 10.00 am Annual Report 2004 International Congress Center, Munich Linde AG Abraham-Lincoln-Straße 21 Shareholders’ Meeting 2007 65189 Wiesbaden June 5, 2007, 10.00 am Germany International Congress Center, Munich Telephone: +49-611-770-0 Fax: +49-611-770-269 www.linde.com Linde Financial Highlights 2004 2003 Change Company profile Five-year summary HGB 2000 HGB 2001 IFRS 2001 IFRS 2002 IFRS 2003 IFRS 2004 Glossary in € million Share Sales € million 8,450 9,076 8,833 8,726 8,992 9,421 Closing price € 46.06 42.70 7.9% Domestic % 23.8 25.0 24.9 22.9 22.9 21.4 Year high € 49.10 43.40 13.1% Foreign % 76.2 75.0 75.1 77.1 77.1 78.6 Year low € 40.50 22.80 77.6% Earnings Linde Group Alpha-Sablin process Euro Commercial Paper Program (ECP) Net foreign currency position Market capitalization 5,496 5,092 7.9% Earnings before interest, A new process developed jointly by Linde and Capital market program for short-term notes on The balance of liabilities in foreign currencies and taxes on income and amortization Sabic to produce linear alpha olefins, which are the euro market. receivables in foreign currencies from operating of goodwill (EBITA) € million 775 795 764 647 556 785 Linde is an international technology group which has a leading market position in both its business used as intermediate products: e.g. in the manu- and financial transactions. Per share segments, Gas and Engineering and Material Handling. After the sale of the Linde Refrigeration Earnings before taxes on income (EBT) € million 481 505 447 356 287 518 facture of polyethylene, synthetic lubricants, sof- Hydrogenation of coal Earnings € 2.30 0.91 n/a teners and detergents. Process used to produce hydrocarbons with chains PET Net income1) € million 273 285 241 240 108 274 business segment at the end of the third quarter, we achieved sales in fiscal 2004 of €9.421 billion of different lengths from coal. A multi-purpose, light, unbreakable plastic Dividend € 1.25 1.13 n/a 2) with around 41,000 employees worldwide. Earnings per share € 2.29 2,39 2.02 2.01 0.91 2.30 Balanced Scorecard Depending on the length of the chain, the products employed principally in reusable packaging for Cash flow from operating activities € 10.47 10.74 n/a Strategy-based management information system may be gaseous (methane, ethane, propane, the food industry, which can easily be recycled Dividend € million 135+263) 135 135 135 135 149 We will continue to concentrate on the expansion of our international business and pursue with which offers an integrated approach for a balan- butane) or liquid (higher alkanes, used for exam- after use. No. of shares (in 000s) 119,327 119,262 n/a 2) 3) vigor our strategy of earnings-based growth. With forward-looking products and services, we are well- Dividend per share € 1.13+0.22 1.13 1.13 1.13 1.13 1.25 ced presentation of all significant financial and ple in gasoline and diesel fuel). management data. Polyurethane No. of shares2) in 000s 119,262 119,262 119,262 119,262 119,262 119,327 positioned not only in our core markets of Germany and Europe but also in the growth markets of Asia, Inertization An extremely versatile plastic which is used in the Group the United States and Eastern Europe. Asset structure Coil-wound heat exchanger Here, a process used to treat hazardous waste most diverse areas: e.g. as foam for upholstered Sales 9,421 8,992 4.8% Central component of natural gas liquefaction materials (such as those arising from the addition furniture, mattresses and sponges or for coating Fixed assets € million 7,936 7,856 8,544 8,037 7,702 7,675 plants, which is used to cool down and liquefy of certain gases) in order to render the materials carpets, insulating foam in buildings, and as var- Incoming orders 9,637 9,079 6.1% 4) Gas and Engineering Inventories € million 814 852 1,047 994 1,107 942 natural gas or as a precooler. harmless. nishes and adhesives etc. Trade receivables5) € million 1,734 1,840 2,034 1,874 1,760 1,668 Cold box Intralogistics Pressure swing adsorption EBITA before special items 785 683 14.9% The Gas and Engineering business segment comprises our activities both in industrial and medical gases Cash and cash equivalents € million 521 424 531 480 561 567 Complete ready-to-use unit, equipped with pipes, Name of an industry sector. Comprises the entire Process for cost-effective separation and purifica- EBITA 785 556 41.2% fitted with instruments and containing heat exchan- organization, implementation and optimization of tion of various raw gases and gas mixtures. Other assets € million 670 494 712 821 785 739 and in plant construction. Both these areas benefit from mutual exchanges of expertise on major projects gers, used to separate gases at low temperatures. internal material flows in industrial and trading Earnings before taxes on income (EBT) 518 287 80.5% in all regions of the world. An example of this successful co-operation is our on-site business, where Total assets € million 11,675 11,466 12,868 12,206 11,915 11,591 companies and in public institutions, using techni- ROCE Net income 274 108 153.7% Cracking plant cal systems such as forklift trucks and warehouse Abbreviation for Return on Capital Employed. This Capital structure Linde Gas and Linde Engineering work together to supply major industrial consumers with industrial gases In a cracking plant, long hydrocarbon chains are equipment, as well as services. yield on capital is calculated in the Linde Group as Return on capital employed (ROCE) before special items 9.5% 7.7% n/a 1) from plants installed directly on the customer’s own site. Equity € million 4,096 4,249 4,356 4,119 3,886 4,081 “cracked” into shorter ones. the ratio of earnings before taxes on income, after EBITA return on sales before special items 8.3% 7.6% n/a Leadership appraisals adding back financial costs for pensions (interest Provisions € million 2,219 2,217 2,097 2,146 2,227 2,124 As a leading international supplier of industrial and medical gases, we are also focusing on expanding Credit line, syndicated Appraisal interviews where a manager’s perfor- expenses less the expected return on plan assets), our fast-growing Healthcare section and are in the vanguard of the development of environmentally- Financial debt € million 4,180 3,798 3,795 3,294 2,991 2,535 Credit line which is agreed with a group of banks mance, competence and potential are evaluated. to the average amount of capital employed. In the Capital expenditure (excluding financial assets) 987 856 15.3% (syndicate) on the same terms.