voestalpine AG · VIE:VOE
voestalpine — 11th German Corporate Conference 2012
20 slides from voestalpine's conference presentation, January 2012
Slide 1: 11th German Corporate Conference 2012
11th German Corporate Conference 2012 Investor Relations January 2012 voestalpine AG www.voestalpine.com
Slide 2: Business concept (1)
voestalpine group Business concept (1) Steel is – and will always be - the base of voestalpine group BUT: Downstream strategy is strongly driving evolution from a steel maker to a processing group Focus on most demanding customer segments in terms of innovation, technology and quality Custom made so
Slide 3: Business concept (2)
voestalpine group Business concept (2) Strategic markets Focus on market segments with utmost technological and quality requirements, such as energy, automotive, railway and aircraft industry No spot market business, commodities no option Long term relationships Long term partnerships with customers
Slide 4: Global footprint
voestalpine group Global footprint Figures FY 2010/11 North Asia ROW Germany America Brazil Other Austria Europe France Italy Benelux Energy White & industry consumer Automotive goods Other Civil & Railway Mechanical infrastructure Building engineering & constr. subsuppliers No significant exposure
Slide 5: Structure & position
voestalpine group Structure & position Steel Special Steel Railway Systems Profilform Automotive European Top World market World market World market European Top Player Leader Leader Leader Player from April 1st, 2012 on Minimum top 3 market position in Europe Partial backward integration Longest va
Slide 6: Current situation
voestalpine group Current situation Unchanged negative sentiment stemming from voestalpine group financial and public sector in figures Varying macro lead-indicators in recent months Sales EBIT EBIT US data with modest upside tendency (€m) (€m) (%) European data predicting stuttering Q1 3,052 318 10
Slide 7: Reading and reaction
voestalpine group Reading and reaction voestalpine strategy and business model have proven resilience in turbulent times Despite a still volatile general environment, 2012 focus back voestalpine group in figures on strategic expansion after a period of cost cutting and crisis management Sales EBIT E
Slide 8: Division Steel
Division Steel Business development Demand situation and price level in high quality segments significantly better than in spot market Automotive, energy, machine building Division Steel in figures Customers still cautious in shorter term market segments Building/construction, consumer goods, househ
Slide 9: Division Special Steel
Division Special Steel Business development Business sentiment stable on level of 2H CY 2011 Division Special Steel Order intake still attractive, but below peak figures of in figures (past ppa) spring 2011 Sales EBIT EBIT Stable market situation in automotive, oil & gas exploration (€m) (€m) (%) an
Slide 10: Division Railway Systems
Division Railway Systems Business development Uneven development in rails business Division Railway Systems On-going solid demand for premium rails in figures Excess capacity in standard rails still weighing on capacity utilization and profitability Sales EBIT EBIT (€m) (€m) (%) Turnout systems busi
Slide 11: Division Profilform
Division Profilform Business development Demand from agricultural and construction Division Profilform machinery equipment segments as well as aircraft in figures business on stable high level Sales EBIT EBIT (€m) (€m) (%) Commercial vehicle market softening recently, but demand levels still high Q1
Slide 12: Division Automotive
Division Automotive Business development Mixed environment for European car producers Division Automotive Solid production figures in premium segment, German in figures producers still doing well in general Sales EBIT EBIT Stable order intake for Eastern and Central European (€m) (€m) (%) Transplant
Slide 13: Financial overview
Financial overview voestalpine AG www.voestalpine.com
Slide 14: Consolidated overview
voestalpine group Consolidated overview 1H 2010/11 1H 2011/12 YoY in % Sales €m 5,192 5,978 15.1 EBITDA €m 711 824 16.0 % of Sales % 13.7 13.8 EBIT €m 414 531 28.3 % of Sales % 8.0 8.9 EBT €m 317 443 39.7 Net Profit €m 250 346 38.6 EPS* € 1.24 1.82 46.8 Investments** €m 169 227 34.4 Depreciation €m
Slide 15: EBIT development
EBIT development 1H 2010/11 vs. 1H 2011/12 34 €m -328 €m 396 €m 531 €m 414 €m 11 €m 4 €m EBIT EBIT 8.9% 8.0% Mix/ Raw 1H 2010/11 Price Volume* materials ppa Misc.* 1H 2011/12 * Savings are included in these items voestalpine AG 15 | January 2012 | Investor Relations
Slide 16: Cash flow 1H 2010/11 vs. 1H 2011/12
voestalpine group Cash flow 1H 2010/11 vs. 1H 2011/12 1H 2010/11 1H 2011/12 Cash flow from result €m 554 618 Changes in working capital €m -80 -450 Cash flow from operating activities €m 474 168 Cash flow from investing activities €m -221 -232 Free cash flow €m 253 -64 voestalpine AG 16 | January 20
Slide 17: Gearing ratio
voestalpine group Gearing ratio voestalpine AG 17 | January 2012 | Investor Relations
Slide 18: Development liquidity
voestalpine group Development liquidity Liquidity Redemption – Schedule per 30.09.2011 per 30.09.2011 €m Financial assets Cash Comfortable liquidity position and balanced maturity profile *) Syndicated loan: 400 m€, committed lines: 400 m€, closed on November 23, 2011 voestalpine AG 18 | January 201
Slide 19: Outlook
voestalpine group Outlook Global macro uncertainty questions short term upturn Sentiment still volatile due to public debt situation as well as pending problems in the banking sector and financial markets GDP-growth expectations generally reduced across 2012 (including China) Political environment w
Slide 20: IR Contact
IR Contact Peter Fleischer Reuters Head of Investor Relations VOES.VI E-Mail peter.fleischer@voestalpine.com 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 www.voestalpine.com