Voestalpine Ag · VIE:VOE
Voestalpine — Q1 BY 2017/18 Earnings Presentation
19 slides from Voestalpine's earnings presentation, September 2017
Slide 1: Business Year 2017/18 1st Quarter
BUSINESS YEAR 2017/18 1 QUARTER st Investor Relations September 2017 voestalpine AG www.voestalpine.com
Slide 2: voestalpine Group Overview
voestalpine GROUP OVERVIEW » voestalpine is a leading technology and capital goods group with combined material and processing expertise » It is holding global top positions in its business units » The group focuses on most demanding product and system solutions based on steel and other metals in te
Slide 3: Global Footprint
voestalpine GROUP GLOBAL FOOTPRINT Revenue by regions (Business year 2016/17) One Group – 500 sites – 50 countries – 5 continents European Union 70% NAFTA 11% Asia 9% Rest of world 7% South America 3% Revenue by industries (Business year 2016/17) Automotive 34% Railway systems 12% Aerospace 3% MOBIL
Slide 4: Business Development – Summary
voestalpine GROUP BUSINESS DEVELOPMENT Q1 BY 2017/18 – SUMMARY » In a solid business environment earnings back to pre-crisis level in Q1 2017/18 » Boost of EBITDA to 514m EUR and of EBIT to 329m EUR » Positive growth in Europe and Asia, only moderate trend in the US » Strong momentum in European ste
Slide 5: Quarterly Figures
voestalpine GROUP QUARTERLY FIGURES Q1 BY 2017/18 1st quarter 2nd quarter 3rd quarter 4th quarter 1st quarter Delta 2016/17 2016/17 2016/17 2016/17 2017/18 in % Sales 2,772 2,635 2,693 3,193 3,252 +17.3 EBITDA 334 371 356 480 514 +53.9 EBITDA-margin 12.0% 14.1% 13.2% 15.0% 15.8% EBIT 168 201 176 278
Slide 6: Investments & Cash Flow Development
voestalpine GROUP INVESTMENTS & CASH FLOW DEVELOPMENT PEAK-CAPEX 1,311 1,178 CAPEX (INCL. (8.9%) 1,011 ACQUISITIONS) 936 852 DEPRECIATION 575 FREE CASH FLOW 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 Start global rollout of new automotive technologies Start additive manu
Slide 7: Steel Division Business Development
STEEL DIVISION BUSINESS DEVELOPMENT Q1 BY 2017/18 » Steel Division with best quarterly earnings since “Lehmann” Q1 Q2 Q3 Q4 Q1 Delta €m » Satisfying demand situation with positive effect on steel prices 16/17 16/17 16/17 16/17 17/18 in % » Highly fluctuating raw material prices, in particular coking
Slide 8: High Performance Metals Division Business Development
HIGH PERFORMANCE METALS DIVISION (Former: Special Steel Division) BUSINESS DEVELOPMENT Q1 BY 2017/18 » Overall satisfactory market conditions in Q1 2017/18 Q1 Q2 Q3 Q4 Q1 Delta €m 16/17 16/17 16/17 16/17 17/18 in % » Tool steel benefiting from good demand of automotive & consumer goods industries Sa
Slide 9: Metal Engineering Division Business Development
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT Q1 BY 2017/18 » Continuation of prevailing trends from previous quarters Q1 Q2 Q3 Q4 Q1 Delta » Unabated weakness in the European rails market €m 16/17 16/17 16/17 16/17 17/18 in % » Recovery of drilling activities in the US driving demand for OCTG pro
Slide 10: Metal Forming Division Business Development
METAL FORMING DIVISION BUSINESS DEVELOPMENT Q1 BY 2017/18 » On-going strong development of Automotive Components Q1 Q2 Q3 Q4 Q1 Delta €m » Further increasing car sales in Europe in CY 2017 16/17 16/17 16/17 16/17 17/18 in % » German premium brands with stagnating sales volumes in the US but continui
Slide 11: Financial Overview
FINANCIAL OVERVIEW Q1 BY 2017/18 voestalpine AG 11 | September, 2017 | Investor Relations
Slide 12: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1 BY 2016/17 Q1 BY 2017/18 Delta 2016/04/01-2016/06/30 2017/04/01-2017/06/30 in % Sales 2,772 3,252 +17.3 EBITDA 334 514 +53.9 EBITDA-margin 12.0% 15.8% EBIT 168 329 +96.2 EBIT-margin 6.0% 10.1% EBT 139 292 +110.5 Net profit 106 218 +106.4 EPS 0.58 1.18 +103.4 I
Slide 13: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1 BY 2016/17 Q1 BY 2017/18 Delta 2016/04/01-2016/06/30 2017/04/01-2017/06/30 in % *) Fixed assets and CAPEX* 233 162 -30.4 acquisitions Depreciation 166 185 +11.2 Net Financial Debt 3,189 3,347 +5.0 Gearing 55.9% 53.8% In millions of euros voestalpine AG 13 | Se
Slide 14: Development EBIT
voestalpine GROUP DEVELOPMENT EBIT 268 14 329 24 -145 168 EBIT EBIT 10.1 % 6.0 % 168 290 314 Q1 BY Price Raw Mix/ Misc. Q1 BY 2016/17 Materials Volume 2017/18 In millions of euros voestalpine AG 14 | September, 2017 | Investor Relations
Slide 15: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1 BY 2016/17 Q1 BY 2017/18 2016/04/01-2016/06/30 2017/04/01-2017/06/30 Cash flow from results 276 414 Changes in working capital -60 -393 Cash flow from operating activities 216 21 Cash flow from investing activities -295 -213 Free cash flow -79 -192 In milli
Slide 16: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,221 6,060 5,652 5,262 5,075 5,115 4,289 4,263 4,691 4,836 4,262 3,572 83% 88% 3,762 2,713 3,221 3,347 71% 2,978 3,080 2,882 3,037 2,586 1,786 2,547 2,259 2,421 58% 58% 2,125 54% 55% 53% 54% 47% 1,853 46% 45% 34% 32% 831 635 684 526 377 18% 15% 2002/03 2
Slide 17: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,557 -494 681 Committed lines 935 408 Financial assets -964 468 Cash In millions of euros -115 as of 2017/06/30 Q1 2017/18 2017/18 2018/19 2019/20 2020/21 voestalpine AG 17 | September, 2017 | Investor Relations
Slide 18: Outlook
voestalpine GROUP OUTLOOK » Worldwide growth gaining momentum, but political threats rising » Impact of US economic policy on global trade flows hard to predict » Growth driven by Asia – foremost China, enhanced support from Europe » After long-lasting recession in Brazil & Russia first cautious sig
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