voestalpine AG · VIE:VOE
voestalpine — Q3 2022/23 Earnings Presentation
10 slides from voestalpine's earnings presentation, Feb 8, 2023
Slide 1: Business Year 2022/23 1st-3rd Quarter
BUSINESS YEAR 2022/23 1 -3 QUARTER st rd Investor Relations FEBRUARY 2023 voestalpine AG www.voestalpine.com
Slide 2: Group Highlights Q3 2022/23
voestalpine GROUP GROUP-HIGHLIGHTS Q3 2022/23 » Poor economic sentiment in Q3 BY 2022/23 » Europe: strong recession fears and destocking cycle in addition curbed economy » N-America: record rise in interest rates triggered uncertainty about further economic development » China: U-turn in COVID-polic
Slide 3: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1-Q3 BY 2021/22** Q1-Q3 BY 2022/23 Delta 2021/04/01-2021/12/31 2022/04/01-2022/12/31 % Revenue 10,504 13,585 +29.3 EBITDA 1,523 1,879 +23.4 EBITDA margin 14.5% 13.8% EBIT 955 1,140 +19.4 EBIT margin 9.1% 8.4% Profit before tax 901 1,053 +16.9 Profit after tax fr
Slide 4: YoY Development EBITDA Q1-Q3 BY 2022/23
voestalpine GROUP YoY DEVELOPMENT EBITDA Q1-Q3 BY 2022/23 2 106 1 879 78 1 523 -1 671 -157 EBITDA- EBITDA- margin margin 14.5 % 13.8 % Q1-Q3 BY Price Raw Mix/ Misc. Q1-Q3 BY 2021/22 Materials Volume 2022/23 In millions of euros voestalpine AG 4 | February 2023 | Investor Relations
Slide 5: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1-Q3 BY 2021/22 Q1-Q3 BY 2022/23 2021/04/01-2021/12/31 2022/04/01-2022/12/31 Cash flow from results 1,271 1,502 Changes in working capital -877 -1,858 Cash flow from operating activities 394 -356 Cash flow from investing activities -415 267 Free cash flow -21
Slide 6: Development Working Capital 9 months BY 2022/23
voestalpine GROUP DEVELOPMENT WORKING CAPITAL 9 months BY 2022/23 » Buildup of working capital +1,858 m€ (buildup = CF negative) » Buildup of inventories +1,166 m€ (buildup = CF negative) c. 1/3 volume effect: redirection of global raw material sourcing and buildup of safety stocks after Ukraine war
Slide 7: Development Cash Flow in Q3 BY 2022/23
voestalpine GROUP DEVELOPMENT CASH FLOW in Q3 BY 2022/23 Q3 BY 2022/23 2022/10/01-2022/12/31 Cash flow from results 321 Changes in working capital -359 Cash flow from operating activities -38 Cash flow from investing activities -162 Free cash flow -200 In millions of euros voestalpine AG 7 | Februar
Slide 8: Development Working Capital in Q3 BY 2022/23
voestalpine GROUP DEVELOPMENT WORKING CAPITAL in Q3 BY 2022/23 » Buildup of working capital +359 m€ (buildup = CF negative) » Reduction of inventories -124 m€ (reduction = CF positive) Mainly reduced volumes due to working capital management » Reduction of accounts receivable -196 m€ (reduction = CF
Slide 9: Outlook for Remaining BY 2022/23
voestalpine GROUP OUTLOOK FOR REMAINING BY 2022/23 » Very recently, recession fears diminished somewhat » However, still high uncertainties in Europe, above all due to the Ukraine-war » Only a mild recession – if any – is expected for North America at the moment » Stable conditions in Brazil, but no
Slide 10: 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