Voestalpine Ag · VIE:VOE
Voestalpine — FY2018/19 Earnings Presentation
20 slides from Voestalpine's earnings presentation, June 2019
Slide 1: Business Year 2018/19 Investor Relations
BUSINESS YEAR 2018/19 Investor Relations JUNE 2019 voestalpine AG www.voestalpine.com
Slide 2: Successful Business Model, Basis for the Future
SUCCESSFUL BUSINESS MODEL BASIS FOR THE FUTURE » voestalpine is a leading technology group with combined material and processing expertise, holding global top positions in its business units. The group focuses on product and system solutions based on steel and other metals of the highest quality in
Slide 3: voestalpine Technology Group: Transformation in Implementation
voestalpine TECHNOLOGY GROUP TRANSFORMATION IN IMPLEMENTATION 1995 2000 2005 2010 2015 2020 2025 2030 IPO Sustained above-average profitability in steel Since 2001 profitable growth based on downstream strategy 2007 Böhler Uddeholm acquisition/integration Since 2012 internationalization in defined s
Slide 4: Key Strategic Questions Upcoming Decade
KEY STRATEGIC QUESTIONS UPCOMING DECADE » Will the previous endeavors for open markets be replaced by a new era of protectionism? » What’s the solution for the steel technology of the future? » In which direction are future technologies in the automotive industry heading? By 2025 we will have collec
Slide 5: Shaping the Transition Proactively
SHAPING THE TRANSITION PROACTIVELY WHAT IS IMPORTANT TO US » Proactively drive innovation, technology and value-adding growth » Most qualified and top motivated employees » Focus on sustainability » Continuously expand international presence » Consistently implement digitization » Strategy „voestalp
Slide 6: Development of BY 2018/19
DEVELOPMENT OF BY 2018/19 voestalpine AG 6 | June 2019 | Investor Relations
Slide 7: Global Footprint
voestalpine GROUP GLOBAL FOOTPRINT Revenue by regions - Business year 2018/19 One Group – 500 sites – 50 countries – 5 continents European Union 65% (66%) USMCA 16% (14%) Asia 8% (8%) Rest of world 8% (8%) South America 3% (4%) (figures 2017/18) Revenue by industries - Business year 2018/19 Automoti
Slide 8: Business Development BY 2018/19
voestalpine GROUP BUSINESS DEVELOPMENT BY 2018/19 » Strong start into BY 2018/19 but slowing economic momentum in H2 2018/19 » Europe & China harmed by escalating global trade conflicts and slowing automotive industry » US-economy with sustained upswing, however less euphoric sentiment recently » Br
Slide 9: Steel Division Business Development BY 2018/19
STEEL DIVISION BUSINESS DEVELOPMENT BY 2018/19 » Steel Division with high volatility in earnings throughout BY 2018/19 €m Q1 Q2 Q3 Q4 BY BY Delta 18/19 18/19 18/19 18/19 18/19 17/18 in % » Profitability in Q2 impacted by (scheduled) major blast furnace repairs, in Q3 by cartel provision in Heavy Pla
Slide 10: High Performance Metals Division Business Development
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT BY 2018/19 » After positive business conditions in H1 2018/19, Q1 Q2 Q3 Q4 BY BY Delta €m fading dynamics in particular regions & sectors 18/19 18/19 18/19 18/19 18/19 17/18 in % » Advancing protectionism as major driver for margin pressure Reven
Slide 11: Metal Engineering Division Business Development BY 2018/19
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT BY 2018/19 » Railway Systems business with mixed development Q1 Q2 Q3 Q4 BY BY Delta €m » Margin impact from raw materials on rails after slight market 18/19 18/19 18/19 18/19 18/19 17/18 in % recovery in early BY 2018/19 » Unchanged strong performance
Slide 12: Metal Forming Division Business Development BY 2018/19
METAL FORMING DIVISION BUSINESS DEVELOPMENT BY 2018/19 » Automotive Components business significantly down in Q1 Q2 Q3 Q4 BY BY Delta H2 2018/19 €m 18/19 18/19 18/19 18/19 18/19 17/18 in % » Car sales in Europe heavily impacted by WLTP after summer » Massive start-up cost overrun in US-automotive co
Slide 13: Financial Overview BY 2018/19
FINANCIAL OVERVIEW BY 2018/19 voestalpine AG 13 | June 2019 | Investor Relations
Slide 14: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW BY 2017/18 BY 2018/19 Delta 2017/04/01-2018/03/31 2018/04/01-2019/03/31 % Revenue 12,898 13,561 +5.1 EBITDA 1,954 1,565 -19.9 EBITDA margin 15.2% 11.5% EBIT 1,180 779 -33.9 EBIT margin 9.1% 5.7 % Profit before tax 1,043 646 -38.1 Profit after tax* 825** 459 -44.4
Slide 15: Development EBIT BY 2018/19
voestalpine GROUP DEVELOPMENT EBIT BY 2018/19 1,180 440 -432 -59 779 -350 EBIT EBIT 9.1 % 5.7 % BY Price Raw Mix/ Misc. BY 2017/18 Materials Volume 2018/19 In millions of euros voestalpine AG 15 | June 2019 | Investor Relations
Slide 16: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW BY 2017/18 BY 2018/19 2017/04/01-2018/03/31 2018/04/01-2019/03/31 Cash flow from results 1,622 1,304 Changes in working capital -427 -137 Cash flow from operating activities 1,195 1,167 Cash flow from investing activities -827 -1,020 Free cash flow 368 147 In
Slide 17: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,710 6,554 6,060 5,652 5,262 5,075 5,115 4,289 4,263 4,691 4,836 4,262 83% 88% 3,572 3,762 71% 2,713 2,978 3,221 3,125 2,586 3,080 2,882 3,037 2,995 1,786 2,547 58% 2,259 2,421 58% 54% 55% 53% 2,125 47% 1,853 45% 46% 46% 47% 34% 32% 831 635 684 526 377 1
Slide 18: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,419 700 Committed lines 233 Financial assets -664 -157 486 Cash -680 In millions of euros -83 BY 2018/19 2019/20 2020/21 2021/22 2022/23 as of 2019/03/31 voestalpine AG 18 | June 2019 | Investor Relations
Slide 19: Outlook BY 2019/20
voestalpine GROUP OUTLOOK BY 2019/20 » Determining factors for development of voestalpine Group in BY 2019/20 » Change of global trade structures due to growing protectionism » Further trends in raw material prices, above all iron ore (including CO2 pricing) » Consequences of new emission test (RDE)
Slide 20: Investor Relations
INVESTOR RELATIONS Peter Fleischer Gerald Resch T. +43/50304/15-9949 T. +43/50304/15-3152 peter.fleischer@voestalpine.com gerald.resch@voestalpine.com voestalpine AG www.voestalpine.com