Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — Q1 2025 Earnings Presentation
22 slides from Kloeckner &'s earnings presentation, May 7, 2025
Slide 1: Q1 2025 Results Press Conference Call
Q1 2025 Results Press Conference Call Guido Kerkhoff | CEO May 7, 2025
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements which reflect the current views of the management of In addition to the key figures prepared in accordance with IFRS and German-GAAP respectively, Klöckner & Co SE is Klöckner & Co SE with respect to future events. They generally are d
Slide 3: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook Klöckner & Co SE | Q1 2025 Results | Press Conference Call 3
Slide 4: Highlights of Q1 2025
Highlights of Q1 2025 Q1 2025 Q1 2024 Delta Slight increase yoy driven by strong development of Kloeckner Metals Americas; Shipments (Tto) 1,170 1,139 +2.7% Kloeckner Metals Europe with negative volume development Slight decrease yoy despite increased shipments as a result of lower average price Sal
Slide 5: Segment performance
Segment performance KM Americas Shipments (Tto) Sales (€m) EBITDA*) (€m) +5.9% -4.2% 48 714 741 724 757 665 43 41 42 1,030 1,050 972 987 865 28 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 KM Europe Shipments (Tto) Sales (€m)
Slide 6: Developing from a steel distribution company to a metal processor
Developing from a steel distribution company to a metal processor Sharpened regional and business focus Sales split Our achievements Financial Stabilization 37% 19% Further de-risked the balance sheet: Pensions paid and equity ratio at a consistently strong level 41% SC +10%p 31% Portfolio optimizat
Slide 7: Key priority: Expanding our higher value-added business and service center business
Key priority: Expanding our higher value-added business and service center business Lever towards increasing profitability while reducing underlying volatility What is higher value-added business (HVAB) and service center business (SC)? • HVAB: Metal products, which are extensively processed or fabr
Slide 8: Klöckner & Co: Leveraging Strengths - Step Up 2030
Klöckner & Co: Leveraging Strengths - Step Up 2030 Entering a new strategic chapter: Step Up 2030 Klöckner & Co SE | Q1 2025 Results | Press Conference Call 8
Slide 9: Klöckner & Co: Leveraging Strengths - Step Up 2030
Klöckner & Co: Leveraging Strengths - Step Up 2030 Entering a new strategic chapter: Step Up 2030 Operational Excellence Strategic Partnerships Providing the most efficient solutions and best services to Strengthening relationships with strategic partners integrate seamlessly into value chains of cu
Slide 10: Our 2030 targets
Our 2030 targets Becoming the leading service center and metal processing company in North America and Europe, with one of the highest profitability levels in the industry Through the cycle Through the cycle Sales growth annual EBITDA in EBITDA margin of ROCE >10% above market the mid-three- >5% dig
Slide 11: Strengthening our focus on strong future industries
Strengthening our focus on strong future industries Enhancing manufacturing expertise and industry focus across Europe and North America Germany Agreed to acquire Ambo-Stahl in Cologne to enhance capabilities in specialized steel processing Strengthening our presence in the sectors of defense an
Slide 12: Local for local business in North America
Local for local business in North America Benefiting from the ongoing nearshoring trend Sourcing by region Sales by region US US ~1% Sold within the US ~3% Sourced within the US Other Other ~97% ~99% Mexico Mexico Sourced within Mexico ~5% Sold within Mexico ~30% US US ~45% Other ~25% ~95% Klöckner
Slide 13: Local for local business in Europe
Local for local business in Europe Limited direct impact of US tariffs as most sourcing and selling is done locally Sourcing by region Sales by region Germany Germany KMG Becker KMG Becker ~6% <5% ~3% <5% 25% ~44% ~45% ~50% ~50% ~70% ~97% Sourced within Germany EU Non-EU Sold within Germany EU Non-E
Slide 14: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook Klöckner & Co SE | Q1 2025 Results | Press Conference Call 14
Slide 15: Our net working capital management
Our net working capital management Solid first quarter EBITDA performance in line with guidance ~1,200 ~-39% ~1,000 Committed to a strong “through the cycle performance”, fostering ~930 ~+37% upside risks and mitigating downside risks Achieved EBITDA before material special effects of €42m in Q1
Slide 16: Shipments, sales and gross profit development
Shipments, sales and gross profit development Shipments & sales Gross profit & gross profit margin 1,765 317 1,737 1,646 1,666 297 294 1,484 262 261 1,164 1,170 1,139 1,122 1,027 17.1 17.6 19.0 16.6 15.9 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Shipments (Tto)
Slide 17: EBITDA development
EBITDA development EBITDA (€m) in Q1 2025 EBITDA before material special effects in Q1 2025 of €42m; constant yoy 5 Positive volume effect of €8m and price effect of €5m 8 -18 OPEX higher €18m yoy 5 Positive F/X effects of €5m yoy -23 Material special effects mainly related to the final de
Slide 18: Cash flow and net debt development
Cash flow and net debt development Cash flow Q1 2025 (€m) 18 EBITDA reported of €18m Net working capital increased by €124m Cash flow from operating activities of €-118m -124 -118 Net Capex of €23m -141 Free cash flow accordingly €-141m -10 3 -5 -23 EBITDA Change in NWC Interest Taxes Othe
Slide 19: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook Klöckner & Co SE | Q1 2025 Results | Press Conference Call 19
Slide 20: Region specific business outlook 2025
Region specific business outlook 2025 Real steel Construction Manufacturing, Transportation Household & Energy demand Industry Machinery & Commercial Industry Mech. Eng Appliances North America 0% to +1% Europe 0% to +1% Klöckner & Co SE | Q1 2025 Results | Press Conference Call 20
Slide 21: Outlook
Outlook Q2 Considerable increase in sales and constant development of shipments expected (qoq) 2025 EBITDA before material special effects expected to come in between €60-90m Shipments and sales expected to increase considerably yoy FY EBITDA before material special effects expected to incre
Slide 22: Financial calendar
Financial calendar May 28, 2025 Annual General Meeting 2025, Christian Pokropp Düsseldorf Head of Corporate Communications | Head of Group HR August 6, 2025 +49 211 88245-360 Half-yearly financial report 2025 christian.pokropp@kloeckner.com November 5, 2025 www.kloeckner.com Q3 quarterly statement 2