Voestalpine Ag · VIE:VOE
Voestalpine — FY2021/22 Earnings Presentation
27 slides from Voestalpine's earnings presentation, Jun 8, 2022
Slide 1: Business Year 2021/22 Press Conference
BUSINESS YEAR 2021/22 Press Conference, June 8, 2022 Welcome! voestalpine AG www.voestalpine.com
Slide 2: voestalpine AG | June 8, 2022 |
voestalpine AG 2 | June 8, 2022 | Press Conference Business Year 2021/22
Slide 3: On the Podium
ON THE PODIUM Herbert Eibensteiner Robert Ottel Hubert Zajicek CEO voestalpine AG Chief Financial Officer Head of the Steel Division Franz Kainersdorfer Franz Rotter Peter Schwab Head of the Metal Engineering Head of the High Performance Head of the Metal Forming Division Division Metals Division vo
Slide 4: voestalpine AG | June 8, 2022 |
voestalpine AG 4 | June 8, 2022 | Press Conference Business Year 2021/22
Slide 5: Environment & Highlights
BUSINESS YEAR 2021/22 ENVIRONMENT & HIGHLIGHTS voestalpine AG 5 | June 8, 2022 | Press Conference Business Year 2021/22
Slide 6: Best Results in the Company's History
BUSINESS YEAR 2021/22 BEST RESULTS IN THE COMPANY’S HISTORY » Revenue, earnings, and equity at all-time high » Business year 2021/22 with highs and lows » Recovery after the pandemic » Supply chain disruptions, particularly in the automotive industry » Huge rises in the prices of raw materials and e
Slide 7: Robust Corporate Strategy
BUSINESS YEAR 2021/22 ROBUST CORPORATE STRATEGY » Combined material and processing expertise is the basis of voestalpine’s business model as globally leading steel and technology Group » Premium product and system solutions made of metallic materials » Valued-added growth through… » Technology leade
Slide 8: Global Economic Environment
BUSINESS YEAR 2021/22 GLOBAL ECONOMIC ENVIRONMENT Europe North America/USA Economic recovery High inflation, FED interest following pandemic rate rise dampening abruptly halted by war in Asia/China economic sentiment Ukraine Economic momentum slowing, zero-COVID strategy putting the brakes on consum
Slide 9: Key Figures
BUSINESS YEAR 2021/22 KEY FIGURES » Revenue: EUR 14.9 billion (+36.9%) » EBITDA: EUR 2.3 billion (+99.6%) » EBIT: EUR 1.5 billion (+330%) » Profit before tax and profit after tax at all-time high at EUR 1.4 billion and EUR 1.3 billion respectively » Equity: EUR 7.1 billion » Number of employees: 50,
Slide 10: Financial Key Figures
BUSINESS YEAR 2021/22 FINANCIAL KEY FIGURES voestalpine AG 10 | June 8, 2022 | Press Conference Business Year 2021/22
Slide 11: Overview of Key Figures
BUSINESS YEAR 2021/22 OVERVIEW OF KEY FIGURES In millions of euros BY 2020/21*) BY 2021/22 Change (in %) Revenue 10,902 14,923 +36.9 Operating result (EBITDA) 1,148 2,291 +99.6 Profit from operations (EBIT) 338 1,454 +330 Profit before tax (EBT) 235 1,383 +488.8 Profit after Earnings pertax (net inc
Slide 12: Development of the Gearing Ratio
BUSINESS YEAR 2021/22 DEVELOPMENT OF THE GEARING RATIO 8000 80% 7,069 7000 6,554 6,710 67% 70% 6,060 6000 58% 54% 5,652 53% 5,615 5,650 60% 53% 5,261 4,836 5,075 5,115 5000 47% 50% 49% 45% 46% 46% 3,775 4000 32% 40% 3,221 3,125 2,978 3,080 2,995 3000 2,586 2,743 30% 2,259 2,421 2,291 2000 20% 1000 1
Slide 13: Liquidity and Repayment Schedule
BUSINESS YEAR 2021/22 LIQUIDITY AND REPAYMENT SCHEDULE Liquidity: EUR 2 billion Repayments EUR -82 million EUR 1 billion Committed lines EUR -425 million EUR 216 million Financial assets EUR 843 million Cash EUR -994 million EUR -208 million GJ 2021/22 2022/23 2023/24 2024/25 2025/26 As of March 31,
Slide 14: Highlights from the Divisions
HIGHLIGHTS FROM THE DIVISIONS voestalpine AG 14 | June 8, 2022 | Press Conference Business Year 2021/22
Slide 15: Steel Division
STEEL DIVISION BUSINESS YEAR 2021/22 » Significant recovery in demand » Strong rise in raw materials and steel prices » Commissioning of testing center for cold strip products » Important investments at the Linz site: BETA 3, optimizing the hot-dip galvanizing lines » “Responsible Steel” certificati
Slide 16: voestalpine Texas: Sale of Majority Stake
voestalpine TEXAS SALE OF MAJORITY STAKE » Sale of majority stake in voestalpine Texas; signing in April 2022 » HBI remains a key component in decarbonizing steel production » Long-term supplies of HBI for greentec steel secured » Production of green high-tech steels voestalpine AG 16 | June 8, 2022
Slide 17: High Performance Metals Division
HIGH PERFORMANCE METALS DIVISION BUSINESS YEAR 2021/22 » Increasingly positive market development in the regions, China declining in Q4 » Toolmaking: continued strong demand in all regions » Oil and natural gas: clear, sustained upwards trend » Aerospace: Increased construction amongst OEMs results
Slide 18: World's Most Advanced Special Steel Plant in Kapfenberg: Start of Commissioning
WORLD’S MOST ADVANCED SPECIAL STEEL PLANT IN KAPFENBERG: START OF COMMISSIONING » Gradual warm start-up from Northern summer 2022 » Fully operational from the fall » 205,000 tons of special steels » for the international aerospace, oil and natural gas, automotive, and toolmaking industries » Secures
Slide 19: Metal Engineering Division
METAL ENGINEERING DIVISION BUSINESS YEAR 2021/22 » Railway Systems » Stable development globally » Expansion of digital product portfolio » Industrial Systems » Welding established as complete system supplier » Wire successful with customized materials » Tubulars rebound following consistent product
Slide 20: Metal Forming Division
METAL FORMING DIVISION BUSINESS YEAR 2021/22 » Revenue, EBITDA, and EBIT at all-time highs » Excellent demand in most segments » especially material handling and cabins » excellent order levels in photovoltaics sector, above all in Brazil » Challenging market environment due to supply chain disrupti
Slide 21: voestalpine AG 21 | June 8, 2022 |
voestalpine AG 21 | June 8, 2022 | Press Conference Business Year 2021/22
Slide 22: voestalpine greentec steel: Clear Decarbonization Plan
voestalpine greentec steel CLEAR DECARBONIZATION PLAN » Global climate and environmental benchmark » EUR 2.4 billion in environmental expenditure over 10 years » Only European steel enterprise in the Dow Jones Sustainability Europe Index » Production of the first CO2-reduced premium steel » From 202
Slide 23: voestalpine greentec steel: Essential Framework Conditions
voestalpine greentec steel ESSENTIAL FRAMEWORK CONDITIONS » European and national efforts needed » Transformation must be economically feasible and needs political support » Renewable energy at competitive prices » Efficient power grids » Funding mechanisms must accommodate (steel) industry aspirati
Slide 24: Outlook for the Business Year 2022/23
OUTLOOK FOR THE BUSINESS YEAR 2022/23 voestalpine AG 24 | June 8, 2022 | Press Conference Business Year 2021/22
Slide 25: voestalpine Group Outlook—Business Year 2022/23
voestalpine Group OUTLOOK—BUSINESS YEAR 2022/23 » Excellent financial basis and high order backlog through to Northern summer 2022 » Global economy expected to cool » Difficult operating environment / many uncertainties » War in Ukraine continues » Volatile raw material and energy prices » COVID-19
Slide 26: Questions Welcomed from Journalists via the Following Channels
QUESTIONS WELCOMED FROM JOURNALISTS VIA THE FOLLOWING CHANNELS PHONE PATCH FOR JOURNALISTS » +44 (0)330 165 4012 » Confirmation Code: 7357261 #voestalpinemedia mediarelations@voestalpine.com voestalpine AG 26 | June 8, 2022 | Press Conference Business Year 2021/22
Slide 27: Business Year 2021/22 Press Conference
BUSINESS YEAR 2021/22 Press Conference, June 8, 2022 voestalpine AG www.voestalpine.com