Voestalpine Ag · VIE:VOE
Voestalpine — H1 2014/15 Earnings Presentation
18 slides from Voestalpine's earnings presentation, Nov 5, 2014
Slide 1: 1st Half 2014/15 Press Conference, November 5, 2014
st 1 Half 2014/15 Press Conference, November 5, 2014 Welcome! voestalpine AG www.voestalpine.com
Slide 2: Business model (I)
voestalpine Group Business model (I) High-tech steel as the basis – also processing of other materials (titanium, aluminum, …) Consistent "downstream strategy" technology and capital goods group (two thirds of revenue) Combination of top metallurgical know-how and leading processing expertis
Slide 3: Business model (2)
voestalpine Group Business model (2) Focus: markets with highest technology and quality demands mobility and energy (62% of revenue) Long-term R&D partnerships with customers and scientific partners as the key to innovation Industry benchmark in Europe for environmental standards, resource e
Slide 4: Results and Highlights 1st Half 2014/15
voestalpine Group Results and Highlights 1st Half 2014/15 voestalpine AG 4 | 11/5/2014 | 1st Half of Business Year 2014/15
Slide 5: 1st Half 2014/15 - Highlights
voestalpine Group 1st Half 2014/15 - Highlights Revenue at EUR 5.6 billion only slightly below previous year (-1.5%) EBITDA rose to EUR 757 million (+11.2%), EBIT to EUR 445 million (+ 12.2%) EBITDA positively influenced by non-recurring effects of EUR 67 million, EBIT of EUR 45 million ( sal
Slide 6: 1st Half 2014/15 - Market Environment
voestalpine Group 1st Half 2014/15 - Market Environment Inconsistent global economic trend Growth in Europe (eurozone) loses momentum over the H1 2014/15 Stable growth in the USA – driver of global economic growth China stable with 7% growth course Brazil and Russia with continued slow dev
Slide 7: Overview of key figures
voestalpine Group Overview of key figures (values rounded) Change Adjusted In millions of euros BY 2013/14 H1 2013/14 H1 2014/15 (in %) H1 2014/15 Revenue 11,228 5,643 5,561 -1.5 5,561 Operating result (EBITDA) 1,383 680 757 11.2 690 EBITDA margin (%) 12.3 12.1 13.6 12.4 Profit from operations (EBIT
Slide 8: Gearing ratio
voestalpine Group Gearing ratio 5,261 Net Debt (€m) 5,075 4,932 4,836 Equity (€m) 4,691 4,289 4,263 4,262 Gearing Ratio (%) 3,572 3,762 83% 88% 2,882 3,037 2,713 2,899 2,547 71% 2,586 2,259 2,421 59% 1,786 2,125 58% 1,853 54% 45% 46% 47% 34% 831 32% 635 684 526 377 18% 15% 2002/03 2003/04 2004/05 20
Slide 9: Position: EU climate and energy policies 2030
voestalpine Group Position: EU climate and energy policies 2030 voestalpine AG 9 | 11/5/2014 | 1st Half of Business Year 2014/15
Slide 10: EU climate and energy policies 2030 - Goals
EU climate and energy policies 2030 Goals Reduction of greenhouse gas emissions at overall EU level by at least 40% against 1990 Reduction of greenhouse gas emissions for sectors subject to emissions trading by 43% against 2005 Increase share of renewable energies against 1990 to at least 27%
Slide 11: EU climate and energy policies 2030 - Evaluation (1)
EU climate and energy policies 2030 Evaluation (1) + Free allocation remains (extent still to be defined) to 2030 In future the (currently unrealistic) benchmark values for free allocation will be periodically examined; therefore allocations can also be reduced at any time + The best facilities in
Slide 12: EU climate and energy policies 2030 - Evaluation (2)
EU climate and energy policies 2030 Evaluation (2) + Fundamental commitment to continuance of industry in Europe and consideration of international climate protection agreements But: goals and partly also liabilities will be precisely quantified, however, relief measures remain vague + Council rem
Slide 13: CO2 emissions: share by region in %
CO2 emissions 2000 2012 Share by region in % Source: Cologne Institute for Economic Research IW Consult, International Energy Agency, BP 30 26.7 25.1 25 20 16.8 17.1 15 13.5 11.5 10 6.1 5.3 5.3 4.9 4.1 5 3.8 1.4 1.1 1.4 1.5 2.1 2.2 0 USA Australia Russia China India Brazil South Korea Japan EU voest
Slide 14: voestalpine as benchmark – international comparison
voestalpine as benchmark – international comparison CO2 blast furnace process based on carbon input (in kg/t crude steel) 1750 Source: EBFC - European Blast Furnace Committee – 2013 1700 1650 1600 Blast furnaces European competitors 1550 2014 voestalpine 1500 (Linz and Donawitz) 1450 1400 Currently
Slide 15: CO2 emissions trading: effects on voestalpine
CO2emissions trading: effects on voestalpine 100% 3% ? 90% ...and yet to date voestalpine is the only steel 28% 80% company in the EU that is a net payer within the ? emissions trading system! 70% Purchase requirement increases during the period 60% from 2013 to 2020 by 3% to 28% (= 28 million cer
Slide 16: Outlook BY 2014/15
voestalpine Group Outlook BY 2014/15 voestalpine AG 16 | 11/5/2014 | 1st Half of Business Year 2014/15
Slide 17: Outlook
voestalpine Group Outlook Conflicts in the Near and Middle East and Russia/Ukraine are putting increasing pressure on economic development in Europe – recovery delayed Only moderate level of voestalpine Group activity in conflict regions (< 2% of overall revenue) USA and China remain strong wi
Slide 18: 1st Half 2014/15 Press Conference
st 1 Half 2014/15 Press Conference, November 5, 2014 voestalpine AG www.voestalpine.com