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Press room - News - MAXAM registers with the MARF (Fixed Income Alternative Market)

Option of successive promissory note emissions for the next 12 months

MAXAM, a leading company in blasting products and services for the mining, quarrying and construction sectors, will today receive authorisation to register a company promissory note programme in the MARF (Fixed Income Alternative Market). This means that MAXAM will have the option of financing itself over the next twelve months through the issue of promissory notes.

The aim of MAXAM's registration in the MARF is to diversify its sources of funding.

MAXAM (a company founded by Alfred Nobel in 1872) turned over €1.051 billion in the last financial year, representing an 8.5% increase in sales compared to the previous year. Its EBITDA amounted to €149M, an increase of 13%. Its total assets total 1.164 billion euros.

MAXAM currently has 6500 employees, and counts on production facilities in over 45 countries all around the world, with sales in more than 100 countries through its four business units:

• Civil Explosives: products, services and blasting solutions for mining, quarrying and construction (66% of turnover).
• Outdoors: cartridges and gunpowder for recreational hunting and shooting (10%).
• Defence: products and services for the defence industry (19%).
• Chem: key primary products in nitrochemical activity (5%).

The keys to these results and to continued growth are:

• The geographical diversity of its revenue (35% Europe, 20% Asia, 18% Africa, 12% North America, 10% Latin America and 5% Australasia).
• Diverse portfolio of customers on all these markets, with growing and long-term relations.
• Its strong technological component based on in-house technology in all its activities, along with know-how and expertise.
• Leadership in its areas of activity (second-biggest Civil Explosives company in terms of presence; leader in Outdoors with over 500 million cartridges produced every year; European leader in demilitarisation activities through EXPAL, the trading name of the Defence business unit).
• Commitment in the day-to-day working of the managerial and technical team, the Company's majority shareholder with 55% of its capital syndicated in the figure of its President, José F. Sánchez-Junco. The remaining part of the share capital is held by Advent International, with 45%.

At the beginning of the 2000s (at which point Spain made up 90% of its sales figures, whilst today it is just 10%), MAXAM started its process of internationalisation and presence in emerging zones such as Russia, Western Africa, Central Asia and Latin America, which, along with its presence in North America and Australia, has allowed it to consolidate its position as a global company. This expansion will continue through the initiation systems project in China.

For further details:
Lucas Ferreira
MAXAM
Communication Department
91 722 01 00 lferreira@maxam.net

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