Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — Q2 2024 Earnings Presentation
15 slides from Kloeckner &'s earnings presentation, Aug 1, 2024
Slide 1: Your partner for a sustainable tomorrow – Press Conference
Your partner for a sustainable tomorrow Press Conference August 1, 2024 Guido Kerkhoff | CEO
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements which reflect the current views of the management of Klockner & Co SE with respect to future events. They generally are designated by the words “expect”, “assume”, “presume”, “intend”, “estimate”, “strive for”, “aim for”, “plan”, “will
Slide 3: Agenda: 2. Financials, 3. Outlook
2. Financials 3. Outlook Klackner & Co SE | Q2 2024 Resuits|
Slide 4: Highlights of Q2 2024
HIGHLIGHTS OF Q2 2024 Fon 2024 [eazoas| aK | Shipments (Tto) 1164 1044 +115% Considerably up yoy on Group level driven by strong development of p ’ ’ ee Kloeckner Metals Americas sales (€m) 1,765 4754 40.6% Shipments as a result of lower average price level yoy despite increasing Gross profit (€m) 2
Slide 5: HVAB: lever towards less volatile earnings while increasing profitability
HVAB: LEVER TOWARDS LESS VOLATILE EARNINGS WHILE INCREASING PROFITABILITY Continuing to strengthen focus on HVAB = Divestment of parts of European distribution business considerably reduces dependence on low margin, cyclical commodity distribution business = Sale significantly mitigated exposure to
Slide 6: Further progress in implementing Group strategy
FURTHER PROGRESS IN IMPLEMENTING GROUP STRATEGY North America DACH region = Acquired Amerinox Processing, a full-range stainless steel = Installed an advanced laser system in Velten, Germany, as and aluminum toll processor and an industry leader with another proof point of increasing exposure to HVA
Slide 7: Agenda: 1. Highlights and update on strategy
1. Highlights and update on strategy 3. Outlook Klackner & Co SE | Q2 2024 Results | Press Conference
Slide 8: Solid operating performance
SOLID OPERATING PERFORMANCE Our net working capital management ~860 16% =. SS Gro] ~630 — aw z= 1,489 FPN 33 40 7, 44 Q2 2023 Q3 2023 4 2023 12024 Q2 2024 HB HRC US in USD (indicative) Il EBITDA before material special effects in€m HRC Europe in € (indicative) ME NW in€m HM current price trends Oper
Slide 9: Shipments, sales and gross profit
SHIPMENTS, SALES AND GROSS PROFIT Shipments & Sales Gross profit & Gross profit margin 1,756 296 297 294 Q2 2023 Q3 2023 Q4 2023 Q12024 Q2 2024 Q2 2023 Q3 2023 Q4 2023 Q12024 Q2 2024 IM Shipments (Tto) Il Sales (€m) IM Grossprofit (€m) [Ml Gross margin (%) 9 KlGckner & Co SE | Q2 2024 Results| Press
Slide 10: EBITDA in Q2 2024
EBITDA IN Q2 2024 = Generated EBITDA of €42m in Q2 2024 despite ongoing challenging market environment = Positive volume effect of €34m and negative price effect of €38m = OPEX in Q2 2024 €19m higher yoy = Minor F/X effects EBITDA Volume effect Price effect OPEX F/X EBITDA Q2 2023 22024 10 Kldckner
Slide 11: Cash flow and net debt development
CASH FLOW AND NET DEBT DEVELOPMENT Cash flow Q2 2024 (€m) EBITDA of €42 . 0 m = Net working capital release of €45m 7 is: | = Other of €8m relate to decrease in VAT receivables and — -21 — other assets ofl = Positive cash flow from operating activities of €61m EBITDA Change Interest Taxes Other Cash
Slide 12: Agenda: 1. Highlights and update on strategy
1. Highlights and update on strategy 2. Financials Klackner & Co SE | Q2 2024 Results | Press Conference
Slide 13: Region specific business outlook 2024
REGION SPECIFIC BUSINESS OUTLOOK 2024 North America © -2%-0% Real steel Construction demand industry Europe © -2%-0% P co AS Manufacturing, Transportation Household & machinery & mechanical Commercial engineering Appliances o 8 © Energy industry )
Slide 14: Outlook
OUTLOOK Q 3 | = EBITDA expectation of €20-60m before material special effects 2024 = Shipments expected to increase slightly yoy; Sales expected to be below prior-year due to lower price level 2024 = EBITDA expectation of €120-180m before material special effects = Expecting significantly positive o
Slide 15: Financial calendar and contacts
kléckner & Your partner for a =] FINANCIAL CALENDAR ockner & CO sustainable tomorrow ] November 6, 2024 ? Q3 quarterly statement 2024 Christian Pokropp Petia We, 205 Annual Financial Statement 2024 Head of Corporate Communications | Head of Group HR May 7, 2025 & +49 203 307-2050 Q1 quarterly statem