Voestalpine Ag · VIE:VOE
Voestalpine — Investor Presentation (June 2026)
25 slides from Voestalpine's investor presentation, June 2026
Slide 1: Business Year 2025/26
BUSINESS YEAR 2025/26 Investor and Analyst Meeting, June 2026 voestalpine AG www.voestalpine.com
Slide 2: Positive performance across all key financial indicators despite a challenging environment
Positive performance across all Results driven by a robust key financial indicators despite a strategy and active challenging environment reorganization Construction, mechanical High demand in rail engineering, and consumer infrastructure, aerospace, and goods industries remain stable warehouse tech
Slide 3: Regional economic environment: Europe, North America, Asia, South America
Europe Subdued economic growth, North America / USA pressure from U.S. tariffs, Solid economic development, industrial production remains at a significant investments in the low level technology sector Asia / China Stable economic performance, Growth driven by exports, weak domestic economy South Am
Slide 4: Strategic Focus
STRATEGIC FOCUS Economically successful decarbonization of blast furnace-based steel production Growth in high-value areas of value-added processing » For example Railway Systems, Tubes & Sections, Warehouse & Rack Solutions, Aerospace » And attractive regions like India Consistent reorganization an
Slide 5: greentec steel on track
greentec steel on track from One electric arc furnace (EAF) each in 2027 Linz and Donawitz (construction proceeding as scheduled) Investment: EUR 1.5 billion Commissioning of the Hy4Smelt to demonstration plant 2029 Reduction of CO2 emissions by 30 %* from Further replacement of one blast 2030 furna
Slide 6: Railway Systems, Warehouse & Rack Solutions, Aerospace
Railway Systems Warehouse & Rack » Current projects for DB & SBB Solutions (contract value EUR 500 million) » Largest order to date in high- » Opening of the Koralmbahn in bay storage systems in Istanbul Austria (EUR 41 million) » Other major global projects, including in the Netherlands and the UK
Slide 7: Development of the Divisions
Development of the Divisions 7 | June 2026 | Investor Relations
Slide 8: Steel Division
STEEL DIVISION 5,731 BY 2025/26 REVENUE BY 2025/26 1,494 1,383 1,324 1,530 » Business development BY 2025/26 Q1 | Q2 | Q3 | Q4 » Strong performance despite difficult European steel market environment over large part of BY 2025/26 811 14.1% » Stable demand from construction-, mechanical engineering-
Slide 9: High Performance Metals Division
HIGH PERFORMANCE METALS DIVISION BY 2025/26 2,750 REVENUE BY 2025/26 » Business development 679 669 657 745 » Tooling markets muted in Europe, North- and South-America; robust Q1 | Q2 | Q3 | Q4 demand in China » Mixed developments in market segment Industrials depending on 216 7.9% subsegments EBITD
Slide 10: Metal Engineering Division
METAL ENGINEERING DIVISION BY 2025/26 4,055 REVENUE BY 2025/26 » Business development 1,087 1,018 984 966 » Good market environment for railway infrastructure globally Q1 | Q2 | Q3 | Q4 » Mixed development in Industrial business units: » Seamless tubes significantly impacted by US-tarifs 375 9.2% EB
Slide 11: Metal Engineering Division Business Unit Railway Systems
METAL ENGINEERING DIVISION BUSINESS UNIT RAILWAY SYSTEMS 2,188 BY 2025/26 REVENUE BY 2025/26 581 573 546 488 Q1 | Q2 | Q3 | Q4 » voestalpine Railway Systems is a global full-service provider of solutions for railway infrastructure 228 10.4% EBITDA » We deliver track- and turnout systems, digitalizat
Slide 12: Metal Forming Division
METAL FORMING DIVISION BY 2025/26 3,030 REVENUE BY 2025/26 » Business Development 764 741 720 805 Q1 | Q2 | Q3 | Q4 » Market environment stayed challenging in Automotive Components; reorganization projects were implemented as planned » Tubes & Sections business lost momentum in course of BY 2025/26,
Slide 13: Business Year 2025/26 Financial overview
Business Year 2025/26 Financial overview 13 | June 2026 | Investor Relations
Slide 14: Financial Overview
FINANCIAL OVERVIEW Comments on delta y-o-y: Revenue BY 2024/25 BY 2025/26 Delta » Notable revenue decrease in HPM Division, mostly in % due to sale of Buderus (-250 m€) » Only marginal declines in other divisions Revenue 15,744 15,063 -4.3 Operational results EBITDA 1,346 1,486 10.3 » Increased resu
Slide 15: YoY Development EBITDA
YoY DEVELOPMENT EBITDA 115 327 76 Price / Raw Materials » Price declines largely offset by lower raw material costs » Higher volumes mainly from -378 Steel Division 1,486 1,346 Miscellaneous » Cost and reorganization programs, as well as the sale of Buderus Edelstahl BY Price Raw Mix/ Misc. BY 2024/
Slide 16: YoY Development EBITDA Divisions
YoY DEVELOPMENT EBITDA DIVISIONS Steel Division » Higher volumes , stable gross margin 133 49 1,486 HPM Division 1,346 67 » Lower volumes more than offset by cost-cutting and -87 -22 portfolio optimization » Non-recurring effects in BY 2024/25 from sale of Buderus Edelstahl (c. -80 m€) Metal Enginee
Slide 17: Cash Flow on High Level
CASH FLOW ON HIGH LEVEL BY 2024/25 BY 2025/26 » Strong free cash flow despite high Cash flow from results 941 1,229 investments Changes in working capital 480 311 » Positive impact from active management of working capital Cash flow from operating 1.421 1.540 » A significant portion of cash flow act
Slide 18: From Strategy to Capital Allocation
FROM STRATEGY TO CAPITAL ALLOCATION DEPLOYMENT OF EUR 1.1 bn. INVESTABLE CASH FLOW* Optimal capital structure, > EUR 170 million in growth Net debt reduction of investments, including M&A EUR 400 million BY 25/26 Total dividend for Investments in decarbonization shareholders of > EUR 380 million > E
Slide 19: Disciplined Capital Allocation at a Glance BY 2025/26
DISCIPLINED CAPITAL ALLOCATION AT A GLANCE BY 2025/26 €1.1bn in investable cashflow generated in a challenging environment. Deployment to selective growth in high-return markets, decarbonization on schedule and reliable shareholder returns – all while further strengthening balance sheet. 311 1.540 i
Slide 20: Solid Balance Sheet Structure
SOLID BALANCE SHEET STRUCTURE 3.775 3.221 Solid equity base 3.080 3.125 2.978 2.995 as of 2026/03/31: 67% 2.743 58% 2.291 » Equity: 7,801 m€ 54% 53% » Equity ratio: 49 % 46% 47% 49% 1.661 1.651 1.650 1.264 32% Low debt level 22% 22% 22% as of 2026/03/31: 16% » Gearing ratio: 16 % 2014/15 2015/16 201
Slide 21: Outlook
Outlook 21 | June 2026 | Investor Relations
Slide 22: Outlook
OUTLOOK » Ongoing geopolitical uncertainty will also influence the upcoming 2026/27 fiscal year » Current market trends are expected to continue » Railway systems, Aerospace, and Warehouse & Rack Solutions are expected to maintain their positive performance » Improvements for the European steel mark
Slide 23: Q&A Investor and Analyst Meeting BY 2025/26
Q&A Investor and Analyst Meeting BY 2025/26 voestalpine AG www.voestalpine.com
Slide 24: Introduction
INTRODUCTION Finance professional with 10Y+ experience in treasury, corporate finance and capital markets across international industrial and consumer businesses. Career Snapshot Treasury Group Leader Treasury Funding Manager & Compliance Manager Dino Malkić Head of Investor Relations as of July 1st
Slide 25: Investor Relations
INVESTOR RELATIONS Peter Fleischer Dino Malkic Gerald Resch T. +43/50304/15-9949 T. +43/50304/15-2558 T. +43/50304/15-3152 peter.fleischer@voestalpine.com dino.malkic@voestalpine.com gerald.resch@voestalpine.com voestalpine AG www.voestalpine.com