Voestalpine Ag · VIE:VOE
Voestalpine — FY2021/22 Earnings Presentation
16 slides from Voestalpine's earnings presentation, June 2022
Slide 1: Business Year 2021/22
BUSINESS YEAR 2021/22 Investor Relations June 2022 voestalpine AG www.voestalpine.com
Slide 2: Business Environment by 2021/22
voestalpine GROUP BUSINESS ENVIRONMENT BY 2021/22 » Overall very positive economic development in BY 2021/22 despite significant burdens » Recurrent waves of COVID-19 infections worldwide » International supply chain constraints » Highly volatile raw material prices and extremely high energy prices,
Slide 3: Development of Divisions BY 2021/22
DEVELOPMENT OF DIVISIONS BY 2021/22 voestalpine AG 3 | June 2022 | Investor Relations
Slide 4: Steel Division Business Development BY 2021/22
STEEL DIVISION BUSINESS DEVELOPMENT BY 2021/22 » Strong steel demand in Europe from almost all market segments over the course of BY 2021/22 Q1 Q2 Q3 Q4 BY BY Delta €m 21/22 21/22 21/22 21/22 21/22 20/21 in % » Only automotive industry curbed by supply chain issues » Very dynamic price-development o
Slide 5: High Performance Metals Division Business Development BY 2021/22
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT BY 2021/22 » Tool steel Q1 Q2 Q3 Q4 BY BY Delta €m » High demand for tool steel throughout BY 2021/22 21/22 21/22 21/22 21/22 21/22 20/21 in % » Special materials Revenue 704 721 736 891 3,052 2,300 +32.7 » Recovery of aerospace industry, in part
Slide 6: Metal Engineering Division Business Development BY 2021/22
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT BY 2021/22 » Solid development in Railway Systems business Q1 Q2 Q3 Q4 BY BY Delta throughout the whole business year €m 21/22 21/22 21/22 21/22 21/22 20/21 in % » Recovery of Seamless Tubes after surging energy prices and change of Sec. 232 to quota s
Slide 7: Metal Forming Division Business Development BY 2021/22
METAL FORMING DIVISION BUSINESS DEVELOPMENT BY 2021/22 » Challenging conditions in Automotive Components business due to supply chain constraints throughout Q1 Q2 Q3 Q4 BY BY Delta €m the business year 21/22 21/22 21/22 21/21 21/22 20/21 in % » Tubes & Sections faced high demand in most market Reven
Slide 8: Financial Overview BY 2021/22
FINANCIAL OVERVIEW BY 2021/22 voestalpine AG 8 | June 2022 | Investor Relations
Slide 9: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW BY 2020/21 BY 2021/22 Delta 2020/04/01-2021/03/31 2021/04/01-2022/03/31 % Revenue 10,902 14,923 +36.9 EBITDA 1,148 2,291 +99.6 EBITDA margin 10.5 % 15.4 % EBIT 338 1,454 +330.0 EBIT margin 3.1 % 9.7 % Profit before tax 235 1,383 +488.8 Profit after tax from conti
Slide 10: Development EBITDA BY 2021/22
voestalpine GROUP DEVELOPMENT EBITDA BY 2021/22 2,303 433 2,291 -270 -1,323 1,148 EBITDA- margin EBITDA- 15.4% margin 10.5 % BY Price Raw Mix/ Misc. BY 2020/21 Materials Volume 2021/22 In millions of euros voestalpine AG 10 | June 2022 | Investor Relations
Slide 11: From EBITDA to Free Cash Flow BY 2021/22
voestalpine GROUP FROM EBITDA TO FREE CASH FLOW BY 2021/22 2,291 -72 -310 -599 609 -634 -67 EBITDA Interest Taxes Working Capital Capex Misc. Free Cash Flow In millions of euros voestalpine AG 11 | June 2022 | Investor Relations
Slide 12: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW BY 2020/21 BY 2021/22 2020/04/01-2021/03/31 2021/04/01-2022/03/31 Cash flow from results 1,001 1,842 Changes in working capital 633 -599 Cash flow from operating activities 1,634 1,243 Cash flow from investing activities -582 -634 Free cash flow 1,052 609 In m
Slide 13: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 7,069 6,710 6,554 6,060 5,652 5,615 5,650 5,075 5,262 5,115 4,289 4,263 4,691 4,836 83% 88% 4,262 3,572 3,775 3,762 71% 2,713 2,586 2,978 3,080 3,221 3,125 67% 2,743 2,882 3,037 2,995 1,786 2,547 58% 2,259 2,421 58% 54% 55% 53% 2,291 47% 2,125 46% 47% 49%
Slide 14: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 2,059 -82 1,000 Committed lines -425 216 Financial assets 843 Cash -994 -208 BY 2021/22 2022/23 2023/24 2024/25 2025/26 In millions of euros as of 2022/03/31 voestalpine AG 14 | June 2022 | Investor Relations
Slide 15: Outlook BY 2022/23
voestalpine GROUP OUTLOOK BY 2022/23 » Economic sentiment slowed down recently, major economic parameters for BY 2022/23 hard to predict: » Development of Russian war against Ukraine » Further development of pandemic in general and global affects of Chinese zero-COVID strategy » Volatility of raw ma
Slide 16: 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