Slide 1: Business Year 2019/20 Investor Relations
BUSINESS YEAR 2019/20 Investor Relations JUNE 2020 voestalpine AG www.voestalpine.com
Slide 2: COVID-19 Update, 03.06.2020
voestalpine GROUP COVID-19 UPDATE, 03.06.2020 » Reduced utilization in many production facilities of voestalpine » Shut down of blast furnace number 5 in Linz » Output of EAFs of HPM Division adjusted to demand » Reduced output at many industrial plants (automotive components, roll-forming, etc.) ac
Slide 3: COVID-19 Update, 03.06.2020
voestalpine GROUP COVID-19 UPDATE, 03.06.2020 » Automotive industry has restarted car production at end of April / beginning of May in Europe and North America » Our Chinese business is up and running on levels prior to COVID-19 – not only in automotive » Railway Systems business is continuing to pe
Slide 4: Business Environment
voestalpine GROUP BUSINESS ENVIRONMENT BY 2019/20 » Slowing economic momentum over first nine months of BY 2019/20, recovery started in last business quarter but ended abruptly by COVID-19 spread » Trade war impacted growth on global scale, Europe and China harmed considerably » Automotive industry
Slide 5: Developments
voestalpine GROUP DEVELOPMENTS BY 2019/20 » In this environment the focus of the management of voestalpine was clearly put on cost- and working capital management, cash generation and deleveraging of the balance sheet » What have we achieved? » EBITDA close to EUR 1.2 billion » Free Cash Flow close
Slide 6: Non Recurring Items
voestalpine GROUP NON RECURRING ITEMS BY 2019/20 » We conducted a strategic analysis of the changed global economic environment and its impact on our major business areas » The outcome forced us to adapt some long-term assumptions in specific business areas » Consequently, we had to revalue certain
Slide 7: Development of Divisions in BY 2019/20
DEVELOPMENT OF DIVISIONS in BY 2019/20 voestalpine AG 7 | June 2020 | Investor Relations
Slide 8: Steel Division Business Development BY 2019/20
STEEL DIVISION BUSINESS DEVELOPMENT BY 2019/20 » Overall difficult year for European steel industry Q1 Q2 Q3 Q4 BY BY Delta €m » Slowing demand from automotive and mechanical 19/20 19/20 19/20 19/20 19/20 18/19 in % engineering industry, sluggish energy- and white goods industries; only building and
Slide 9: High Performance Metals Division Business Development BY 2019/20
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT BY 2019/20 » Tool Steel facing challenging market environment over Q1 Q2 Q3 Q4 BY BY Delta €m entire BY 2019/20 19/20 19/20 19/20 19/20 19/20 18/19 in % » Special Materials for aerospace and oil & gas-industry with solid development in first nine
Slide 10: Metal Engineering Division Business Development BY 2019/20
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT BY 2019/20 » Railway Systems unchanged positive Q1 Q2 Q3 Q4 BY BY Delta €m » Sound development of Turnout Systems in most regions 19/20 19/20 19/20 19/20 19/20 18/19 in % » Rails segment with good demand in Europe Revenue 779 759 708 697 2,942 3,147 -6
Slide 11: Metal Forming Division Business Development BY 2019/20
METAL FORMING DIVISION BUSINESS DEVELOPMENT BY 2019/20 » Declining car production over most of BY 2019/20 affecting Q1 Q2 Q3 Q4 BY BY Delta Automotive Components business €m 19/20 19/20 19/20 19/20 19/20 18/19 in % » Structural improvements in US-plant in Cartersville » Quick recovery of production
Slide 12: Financial Overview BY 2019/20
FINANCIAL OVERVIEW BY 2019/20 voestalpine AG 12 | June 2020 | Investor Relations
Slide 13: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW BY 2018/19 BY 2019/20 Delta 2018/04/01-2019/03/31 2019/04/01-2020/03/31 % Revenue 13,561 12,717 -6.2 EBITDA 1,565 1,182 -24.5 EBITDA margin 11.5% 9.3% EBIT 779 -89 -111.4 EBIT margin 5.7% -0.7 % Profit before tax 646 -230 -135.7 Profit after tax* 459 -216 -147.2
Slide 14: Development EBIT BY 2019/20
voestalpine GROUP DEVELOPMENT EBIT BY 2019/20 779 23 -236 208 EBIT 5.7 % -378 -89 EBIT -485 -0.7 % BY Price Raw Mix/ Misc. non recurring BY 2018/19 Materials Volume items 2019/20 In millions of euros voestalpine AG 14 | June 2020 | Investor Relations
Slide 15: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW BY 2018/19 BY 2019/20 2018/04/01-2019/03/31 2019/04/01-2020/03/31 Cash flow from results 1,304 870 Changes in working capital -137 434 Cash flow from operating activities 1,167 1,304 Cash flow from investing activities -1,020 -716 Free cash flow 147 588 In mil
Slide 16: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,710 6,554 6,060 5,652 5,615 5,262 5,075 5,115 4,289 4,263 4,691 4,836 4,262 83% 88% 3,572 3,775 3,762 71% 2,713 2,978 3,221 2,586 3,080 3,125 67% 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 6
Slide 17: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,696 -159 780 Committed lines 121 Financial assets -687 -90 795 Cash -428 BY 2019/20 2020/21 2021/22 2022/23 2023/24 In millions of euros as of 2020/03/31 voestalpine AG 17 | June 2020 | Investor Relations
Slide 18: Outlook BY 2020/21
voestalpine GROUP OUTLOOK BY 2020/21 » First impacts of COVID-19 already in Q4 of BY 2019/20 » „Lockdown“ currently still in force in many regions of the world » Final effects not yet assessable, in Q1 BY 2020/21 strong economic contraction so far » We are currently assuming a recovery after summer
Slide 19: 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