Voestalpine Ag · VIE:VOE
Voestalpine — H1 2014/15 Earnings Presentation
17 slides from Voestalpine's earnings presentation, November 2014
Slide 1: Financial Year 2014/15 2nd Quarter, 1st Half
Financial Year 2014/15 2nd Quarter, 1st Half Investor Relations November 2014 voestalpine AG voestalpine AG www.voestalpine.com
Slide 2: voestalpine Group Overview
voestalpine Group Overview From a steel producer to a technology and industrial goods corporation n High-tech steel is the base of voestalpine, but 15 years of downstream strategy have converted the group from a steelmaker to a technology and industrial goods corporation n The combination of metallu
Slide 3: Global footprint
voestalpine Group Global footprint One Group – 500 sites – 50 countries – 5 continents Revenue by regions (Financial year 2013/14) (thereof Austria: 10 %, Germany: 30 %) Revenue by industries (Financial year 2013/14) MOBILITY: 47 % 62 % ENERGY: 15 % voestalpine AG 3 | November 2014 | Investor Relati
Slide 4: Business development H1 2014/15
voestalpine Group Business development H1 2014/15 n Uneven development of global business conditions Q1 Q2 H1 H1* Delta €m n Growth in Europe losing momentum in the course of H1 2014/15 2014/15 2014/15 2014/15 2013/14 in % n Continuation of robust growth in North America n Brazil hampered by excessi
Slide 5: Steel Division Business development H1 2014/15
Steel Division Business development H1 2014/15 n Recovery once more postponed in European steel sector Q1 Q2 H1 H1* Delta €m n Steel production losing steam after summer 2014/15 2014/15 2014/15 2013/14 in % n Despite further downswing of raw material prices - iron ore hit five-years Sales 975 929 1,
Slide 6: Special Steel Division Business development H1 2014/15
Special Steel Division Business development H1 2014/15 n Business environment overall stabilizing Q1 Q2 H1 H1* Delta €m n Overall stabilizing price level due to improving utilization rates and 2014/15 2014/15 2014/15 2013/14 in % rising prices for alloys Sales 676 675 1,350 1,326 +1.8 n Solid econom
Slide 7: Metal Engineering Division Business development H1 2014/15
Metal Engineering Division Business development H1 2014/15 n Outstanding performance prolonged Q1 Q2 H1 H1* Delta €m n Return of European infrastructure projects recently bolstering 2014/15 2014/15 2014/15 2013/14 in % demand in Rail Technology business Sales 679 651 1,330 1,412 -5.8 n Ongoing stron
Slide 8: Metal Forming Division Business development H1 2014/15
Metal Forming Division Business development H1 2014/15 n Earnings in Q2 2014/15 affected by one-offs Q1 Q2 H1 H1* Delta €m n Portfolio optimization (sale of Flamco-Group and Plastics Components business) 2014/15 2014/15 2014/15 2013/14 in % n Impairment of minor non-core assets and revaluation of Du
Slide 9: Financial overview
Financial overview voestalpine AG voestalpine AG www.voestalpine.com
Slide 10: Consolidated overview
voestalpine Group Consolidated overview excluding one-offs H1 2013/14* H1 2014/15 H1 2014/15 01.04. – 30.09.2013 01.04. – 30.09.2014 01.04. - 30.09.2014 €m % of Sales €m % of Sales Delta €m % of Sales Sales 5,643 5,561 - 1.5 5,561 EBITDA 680 12.1 757 13.6 +11.2 690 12.4% EBIT 396 7.0 445 8.0 +12.2 4
Slide 11: Development EBIT
voestalpine Group Development EBIT 69 €m 445 €m 396 €m 96 €m 0 €m EBIT EBIT 7.0% -116 €m 8.0 % H1 Raw Mix/ H1 2013/14 Price Materials Volume Misc. 2014/15 voestalpine AG 11 | November 2014 | Investor Relations
Slide 12: Development EBIT excluding one-offs
voestalpine Group Development EBIT excluding one-offs 396 €m 24 €m 400 €m 96 €m 0 €m EBIT EBIT 7.0% -116 €m 7.2 % H1 Raw Mix/ H1 2013/14 Price Materials Volume Misc. 2014/15 voestalpine AG 12 | November 2014 | Investor Relations
Slide 13: Development cash flow
voestalpine Group Development cash flow H1 FY 2013/14* H1 FY 2014/15 01.04. – 30.09.2013 01.04. – 30.09.2014 €m €m Cash flow from results 571 596 Changes in working capital -100 -63 Cash flow from operating activities 471 533 Cash from investing activities -408 -334 Free cash flow 63 199 voestalpine
Slide 14: Development gearing ratio
voestalpine Group Development gearing ratio voestalpine AG 14 | November 2014 | Investor Relations
Slide 15: Development liquidity
voestalpine Group Development liquidity Liquidity Redemption – Schedule per 30.09.2014 per 30.09.2014 1,734 m€ Committed lines Financial assets Cash voestalpine AG 15 | November 2014 | Investor Relations
Slide 16: Outlook
voestalpine Group Outlook n Conflicts in Near/Mid East and Russia/Ukraine increasingly weighing on the economic development in Europe – recovery further postponed n Only moderate activities of voestalpine Group in conflict regions (less than 2 % of total revenues) n North America and China / South E
Slide 17: IR Contact
IR Contact Peter Fleischer Head of Investor Relations Reuters E-Mail peter.fleischer@voestalpine.com VOES.VI Phone +43/50304/15-9949 Gerald Resch Bloomberg Investor Relations Manager VOE AV E-Mail gerald.resch@voestalpine.com Phone +43/50304/15-3152 voestalpine AG voestalpine AG www.voestalpine.com