Voestalpine Ag · VIE:VOE
Voestalpine — Global Resources Conference 2012
20 slides from Voestalpine's conference presentation, March 2012
Slide 1: Global Resources Conference 2012
Global Resources Conference 2012 Investor Relations March 2012 voestalpine AG www.voestalpine.com
Slide 2: Business concept (1)
voestalpine group Business concept (1) Not a typical steel company 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, tec
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
Slide 4: Global footprint
voestalpine group Global footprint Business Year 2010/11 No significant exposure to ailing countries and industries voestalpine AG 4 | March 2012 | Investor Relations
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 Long
Slide 6: Current situation
voestalpine group Current situation Mixed signals from macro perspective voestalpine group Positive indications from the US recently in figures Ongoing discussions about public debt situation in Europe Sales EBIT EBIT (€m) (%) China’s growth track continuing at lower pace expected (€m) Var
Slide 7: Reading and reaction
voestalpine group Reading and reaction voestalpine group voestalpine strategy and business model have proven in figures resilience in turbulent times Sales EBIT EBIT (€m) (€m) (%) Despite a still volatile general environment, 2012 focus back Q1 on strategic expansion after a period of cost cutti
Slide 8: Division Steel
Division Steel Business development Demand situation and price level in high quality segments Division Steel significantly better and more stable than in spot market in figures Automotive, energy, machine building Sales EBIT EBIT Higher volatility in shorter term market segments (€m) (€m) (%)
Slide 9: Division Special Steel
Division Special Steel Business development Order intake attractive, but below peak figures of Division Special Steel spring 2011 in figures (past ppa) Stable market situation in automotive, oil & gas exploration and aircraft segments Sales EBIT EBIT (€m) (€m) (%) Weaker demand from power plan
Slide 10: Division Railway Systems
Division Railway Systems Business development Uneven development in rails business Division Railway Systems in figures On-going solid demand for premium rails Excess capacity in standard rails still weighing on EBIT EBIT Sales (€m) (€m) (%) capacity utilization and profitability Turnout syst
Slide 11: Division Profilform
Division Profilform Business development Division Profilform Demand from agricultural and construction in figures machinery equipment segments as well as aircraft Sales EBIT EBIT business on stable high level (€m) (€m) (%) Solar energy business fundamentally good, currently Q1 330 41 12.5 FY 11/
Slide 12: Division Automotive
Division Automotive Business development Mixed environment for European car producers Division Automotive in figures Solid production figures in premium segment, German producers still doing well in general Sales EBIT EBIT Stable order intake from Eastern and Central European (€m) (€m) (%) tra
Slide 13: Financial overview
Financial overview voestalpine AG www.voestalpine.com
Slide 14: Consolidated overview
voestalpine group Consolidated overview Q1 – Q3 Q1 – Q3 YoY in % 2010/11 2011/12 Sales €m 7,937 8,877 +11.9 EBITDA €m 1,107 1,118 +1.0 % of Sales % 13.9 12.6 EBIT €m 658 676 +2.8 % of Sales % 8.3 7.6 EBT €m 515 534 +3.7 Net Profit €m 400 411 +2.8 EPS* € 2.02 2.09 +3.5 Investments** €m 276 354 +28.1
Slide 15: EBIT development
EBIT development Q1-Q3 2010/11 vs. Q1-Q3 2011/12 22 €m -405 €m 428 €m 676 €m 658 €m 17 €m -44 €m EBIT EBIT 8.3% 7.6% Price Raw ∆ ppa Misc. Q1 – Q3 Mix/ Volume materials Q1 – Q3 2010/11 2011/12 voestalpine AG 15 | March 2012 | Investor Relations
Slide 16: Cash flow Q1-Q3 2010/11 vs. Q1-Q3 2011/12
voestalpine group Cash flow Q1-Q3 2010/11 vs. Q1-Q3 2011/12 Q1-Q3 2010/11 Q1-Q3 2011/12 Cash flow from result €m 800 858 Changes in working capital €m -235 -564 Cash flow from operating activities €m 565 294 Cash flow from investing activities €m -332 -356 Free cash flow €m 233 -62 voestalpine AG 16
Slide 17: Gearing ratio
voestalpine group Gearing ratio voestalpine AG 17 | March 2012 | Investor Relations
Slide 18: Development liquidity
voestalpine group Development liquidity Liquidity Redemption – Schedule per 31.12.2011 per 31.12.2011 €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 | March 2012
Slide 19: Outlook
voestalpine group Outlook Trough in earnings passed in Q3 FY 2011/12 Pick up of demand and full capacity utilization in Steel Division since turn of the year Further stable development of processing divisions Full year’s results of FY 2011/12 somewhat below last year’s levels expected Long
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