Ten-Year SummarY K+S Group BuSineSS SeGments aT a Glance Financial calendar Dates 2010/2011 Annual General Meeting, Kassel 11 May 2010 Quarterly Financial Report, 31 March 2010 11 May 2010 Dividend payment 12 May 2010 Half-yearly Financial Report, 30 June 2010 12 August 2010 Quarterly Financial Report, 30 September 2010 11 November 2010 Report on business 2010 10 March 2011 Press and analyst conference, Frankfurt am Main 10 March 2011 e e AL AL c c : S : S 12.5 mm 12.5 mm 0.5 inch 0.5 inch With the Financial report for the fiscal year 2009, we would like to show you the substance of our company from a special perspective. High-quality mineral raw materials form the basis of the operations of our core business sectors, fertilizers and salt. our products are needed – yesterday, today and tomorrow. in order to make the substance of our company tangible for you, this year’s images depict parts of our world and reflect situations from K+S’s everyday activities 1:1. this is because substance helped us, in a difficult year for the economy like 2009, to remain on course and in the future too, substance substance will remain a key cornerstone enabling us to be successful on the market. Financial report 2009 cover pictUre Lower Werra rock salt, Flöz Thuringia, 240 million years old, hard salt, sylvinite File GenUine SUbStance Description Financial Report 2009 location Kassel, Germany editor K+S Aktiengesellschaft SUBSTANCE P.O. Box 10 20 29 34111 Kassel | Germany www.k-plus-s.com Financial Report 2009 U7 U2 Ten-Year SummarY K+S Group BuSineSS SeGments aT a Glance Financial calendar Dates 2010/2011 Annual General Meeting, Kassel 11 May 2010 Quarterly Financial Report, 31 March 2010 11 May 2010 Dividend payment 12 May 2010 Half-yearly Financial Report, 30 June 2010 12 August 2010 Quarterly Financial Report, 30 September 2010 11 November 2010 Report on business 2010 10 March 2011 Press and analyst conference, Frankfurt am Main 10 March 2011 e e AL AL c c : S : S 12,5 mm 12,5 mm 0.5 inch 0.5 inch With the Financial report for the fiscal year 2009, we would like to show you the substance of our company from a special perspective. High-quality mineral raw materials form the basis of the operations of our core business sectors, fertilizers and salt. our products are needed – yesterday, today and tomorrow. in order to make the substance of our company tangible for you, this year’s images depict parts of our world and reflect situations from K+S’s everyday activities 1:1. this is because substance helped us, in a difficult year for the economy like 2009, to remain on course and in the future too, substance substance will remain a key cornerstone enabling us to be successful on the market. Financial report 2009 cover pictUre Lower Werra rock salt, Flöz Thuringia, 240 million years old, hard salt, sylvinite File GenUine SUbStance Description Financial Report 2009 location Kassel, Germany editor K+S Aktiengesellschaft SUBSTANCE P.O. Box 10 20 29 34111 Kassel | Germany www.k-plus-s.com Financial Report 2009 U7 U2 BUSineSS SeGmentS at a Glance ten-Year SUmmarY K+S GroUp contact index 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Potash and Magnesium Products 2009 2008 2007 2006 2005 Revenues, Earnings, Cash Flow IFRS IFRS IFRS IFRS IFRS IFRS HGB HGB HGB HGB K+S aktiengesellschaft a Administrative expenses 96 K KTG 64 Revenues € million 1,421.7 2,397.4 1,407.9 1,238.9 1,197.2 Revenues € million 3,573.8 4,794.4 3,344.1 2,957.7 2,815.7 2,538.6 2,287.8 2,258.5 2,179.4 2,087.9 Bertha-von-Suttner-Strasse 7 Ammonium sulphate 116 eBITDA € million 317.2 1,286.3 255.1 235.7 236.1 earnings before interest, taxes, Animal hygiene products 64, 121 l Liquidity 154, 231 34131 Kassel | Germany Annual general meeting 42 Logistics 64, 120, 121 eBIT I € million 231.7 1,203.2 177.9 158.6 151.8 depreciation and amortisation (eBITDA) € million 411.8 1,484.4 413.9 401.1 383.1 289.5 223.7 240.1 248.4 252.2 Auditor’s Report 163 capital expenditure € million 107.4 111.1 79.7 83.8 70.9 phone: +49 (0)561/9301-0 Operating earnings (eBIT I) € million 238.0 1,342.7 285.7 278.0 250.9 162.9 115.7 132.8 120.6 126.8 m Market capitalisation 30 employees number 7,776 7,800 7,626 7,550 7,490 fax: +49 (0)561/9301-1753 Balance Sheet 102, 109, 167 Markets 141 Result after operating hedges B Potash and magnesium raw salts are extracted at six mines. We use them to produce a wide range of fertilizers (eBIT II) € million 241.9 1,192.3 - 106.9 361.6 271.7 136.5 – – – – Internet: www.k-plus-s.com Board of executive Directors 42, 50, 240 Mining obligations 97, 102, 109, 184, 217, 220 Bond 34 Mission 71 and in addition, we process our raw materials into products for industrial applications, high-purity potash earnings before taxes € million 126.5 1,199.1 - 142.6 341.5 259.6 123.4 111.6 113.9 121.1 130.4 Morton Salt 62, 76, 89, 92, 94, 99, 100, 105, earnings before taxes, and magnesium salts for the pharmaceuticals, cosmetics and food industries as well as elements of feed. capital expenditure 105, 154, 230 110, 117, 120, 150, 153, 158, 175 adjusted 1) € million 122.6 1,349.5 250.0 257.9 238.8 149.9 – – – – investor relations c capital increase 33 Group earnings € million 96.4 870.9 - 93.3 228.9 2) 174.4 86.8 101.3 103.8 118.3 119.8 phone: +49 (0)561/9301-1100 capital structure 101 n Net indebtedness 103, 109 1) 2) Group earnings, adjusted € million 93.6 979.3 175.3 176.2 161.3 103.5 – – – – fax: +49 (0)561/9301-2425 cash flow 107 Nitrogen fertilizers 60, 83, 106, 115, 152, 155 Gross cash flow € million 323.9 1,177.9 372.1 342.7 341.5 274.1 209.1 216.9 224.6 241.4 cash Flow Statement 166 2009 2008 2007 2006 2005 e-mail: [email protected] Nitrogen Fertilizers capital expenditure 3) € million 177.6 197.5 171.6 130.5 107.1 131.9 126.6 129.0 157.9 141.7 cFK 64, 121 o Operating earnings (eBIT I) 94, 151, 158 Revenues € million 1,016.2 1,652.4 1,265.4 1,108.6 1,110.0 Depreciation 3) € million 173.8 141.7 128.2 123.1 132.2 126.6 108.0 107.3 127.8 125.4 chances 156 Organisational structure 59 eBITDA € million - 94.4 133.9 68.2 56.5 53.6 commitees 44 Outlook 150, 158 Working capital € million 985.7 962.3 570.6 603.1 456.4 333.1 250.9 300.5 262.1 257.6 communications eBIT I € million - 108.1 121.4 57.3 45.9 39.8 complementary Business Segments 64, 107, 120, capital expenditure € million 11.2 10.7 16.8 12.1 12.6 Balance Sheet phone: +49 (0)561/9301-1722 153, 155 p Pension provisions 97, 102, 109, 184, 212 1), 4) complex fertilizers 116 Personnel expenses 77, 90, 93, 144, 197 employees number 1,249 1,318 1,311 1,321 1,350 equity € million 2,103.3 1,730.2 1,123.6 1,060.5 931.4 882.2 584.9 558.8 516.8 530.9 fax: +49 (0)561/9301-1666 Property, plant and equip- compliance 41 Potash and Magnesium Products 59, 82, 106, 112, The Nitrogen Fertilizers business segment distributes fertilizers for almost all agricultural crops. In addition ment and intangible assets € million 2,643.6 1,423.6 1,297.3 1,271.6 874.1 883.3 659.8 598.6 592.4 557.6 e-mail: [email protected] consumer business 116 152, 154 to products for home and garden, plant care and plant protection, speciality fertilizers for public green areas, Net indebtedness € million 1,338.9 570.0 1,085.1 718.3 321.4 340.5 220.5 262.7 180.7 115.0 corporate Governance 40 Potassium chloride 114 cost of capital 74, 76 Prices for agricultural products 86 tree nurseries, horticulture and various special crops are offered. Balance sheet total € million 5,212.5 3,473.8 2,964.8 2,830.9 2,259.1 2,147.7 1,754.5 1,666.7 1,601.0 1,580.1 This report was published on 11 March 2010. Provisions 102, 171 Employees d Declaration of conformity 40 employees as of 31 Dec. 5) number 15,208 12,368 12,033 11,873 11,012 10,988 10,554 10,536 10,178 9,645 De-icing salt 120 r Rating 35 - of which trainees number 642 615 614 620 591 591 550 542 533 479 Depreciation 94, 95, 105, 120, 154 Remuneration 48, 233 Derivative financial instruments 204 Research-coverage 35 Salt 2009 2008 2007 2006 2005 Average number of employees 5) number 13,044 12,214 11,959 11,392 11,017 11,068 10,541 10,439 10,278 9,925 Directors’ Dealings 46 Research and Development 80, 142 Revenues € million 1,014.6 618.6 545.1 485.8 398.0 6) Personnel expenses € million 756.4 738.5 687.3 663.5 671.1 613.3 562.7 531.2 522.6 488.1 Dividend 26, 34, 156 Return on assets 76, 100 eBITDA € million 200.3 77.6 76.5 92.0 85.9 Ratios imprint Dividend policy 34, 156 Return on capital employed (ROce) 75, 76, 100 eBIT I € million 140.4 45.2 47.8 67.6 62.7 Return on equity 76, 100 earnings per share, adjusted 1) € 0.56 5.94 1.06 1.07 2) 0.95 0.61 0.61 0.61 0.68 0.68 capital expenditure € million 48.0 58.6 47.9 21.2 12.4 e earnings before interest, taxes, depriciation Return on revenues 99, 100 Dividend per share 7) € 0.20 2.40 0.50 0.50 0.45 0.33 0.25 0.25 0.25 0.21 employees number 5,279 2,394 2,294 2,194 1,385 and amortisation (eBITDA) 95 Revenues 92, 150, 158, 192, 230 7) Dividend yield % 0.5 6.0 1.2 2.4 3.5 3.3 4.6 5.8 4.6 4.8 earnings before taxes 98 Risk management system 122 Salt products of the highest purity and quality are used as food grade salt, industrial salt and salt for chemical eBITDA margin % 11.5 31.0 12.4 13.6 13.6 11.4 9.8 10.6 11.4 12.1 editorial team/text: earnings per share 99, 198 Risks 122 use as well as de-icing salt by winter road clearance services to ensure safety on the roads.