Voestalpine Ag · VIE:VOE
Voestalpine — Q1 2025/26 Earnings Presentation
16 slides from Voestalpine's earnings presentation, Aug 6, 2025
Slide 1: 1st Quarter 2025/26 Analyst & Investor Meeting
st 1 QUARTER 2025/26 Analyst & Investor Meeting, August 6, 2025 voestalpine AG www.voestalpine.com
Slide 2: voestalpine in Brief
voestalpine IN BRIEF » voestalpine is a global special metals, steel, and industrial group » We combine STEEL & METALS PRODUCTION with PROCESSING & ENGINEERING COMPETENCE in one hand » From this unique pool of expertise, we develop innovative solutions that offer our customers competitive advantages
Slide 3: 1st Quarter 2025/26 Highlights
1st QUARTER 2025/26 HIGHLIGHTS » Solid results in Q1 2025/26 despite challenging economic environment due to: • Strong financial basis • Global footprint • Diversified product portfolio » High free cash flow » Net financial debt further reduced to lowest level within the last decade » Strong balance
Slide 4: Successful Strategy Implementation
1st QUARTER 2025/26 SUCCESSFUL STRATEGY IMPLEMENTATION Major contract for Railway Contract signed for high- Systems in the area of new quality flat steel for body in digital monitoring systems white and body skin with BYD („zentrak“) from Dutch State in Hungary Railways ProRail (ProRail) Installatio
Slide 5: Global Economic Environment
1st QUARTER 2024/25 GLOBAL ECONOMIC ENVIRONMENT Europe North America / USA Subdued economic development, Robust economic growth, positive ongoing uncertainty due to US tariff economic effect due to advance policy purchases Asia / China Stable economic development, real estate crisis in China still u
Slide 6: Highlights Development Divisions Q1 2025/26
voestalpine GROUP HIGHLIGHTS DEVELOPMENT DIVISIONS Q1 2025/26 » Steel Division » voestalpine Steel Division performed very well in a difficult European steel market » Strategic market segments automotive and energy ensured solid utilization of steel plant » High Performance Metals Division » Reorgan
Slide 7: Highlights Development Divisions Q1 2025/26
voestalpine GROUP HIGHLIGHTS DEVELOPMENT DIVISIONS Q1 2025/26 » Metal Engineering Division » Unchanged strong demand in Railway Systems globally » Seamless Tubes business slowed down in Q1 25/26 due to low demand and tariffs » Welding business stable globally, challenging market for Wire Technology
Slide 8: Financial Overview Q1 2025/26
FINANCIAL OVERVIEW Q1 2025/26 8 | August 2025 | Investor Relations
Slide 9: voestalpine Group Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1 BY 2024/25 Q1 BY 2025/26 Delta Comments on Delta y-o-y: 2024/04/01- 2025/04/01- % Revenue 2024/06/30 2025/06/30 » Sale of Buderus plant (-80 m€ revenue) Revenue 4,145.7 3,901.5 -5.9 » Overall declining price levels, in particular in Steel Division EBITDA 417.2
Slide 10: YoY Development EBITDA Q1 BY 2025/26
voestalpine GROUP YoY DEVELOPMENT EBITDA Q1 BY 2025/26 417 Price vs. Raw Materials 46 361 » Price declines only partly offset by 55 8 lower raw material costs Mix / Volume EBITDA- -165 EBITDA- margin » Improving volumes & mix in Steel 10.1 % margin Division, decreasing shipments in HPM 9.3 % Divisio
Slide 11: YoY Development EBITDA by Division
voestalpine GROUP YoY DEVELOPMENT EBITDA 417 +25 Steel Division +5 361 » Lower prices, better volumes -40 -30 » Lower gross margin -16 HPM Division » Negative one offs from Buderus sale EBITDA- EBITDA- in Q1 2024/25 (-28 m€) margin margin 10.1 % 9.3 % » “clean” YoY-comparison largely stable Metal En
Slide 12: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1 BY 2024/25 Q1 BY 2025/26 2024/04/01-2024/06/30 2025/04/01-2025/06/30 Cash flow from results 365 363 Changes in net working capital -150 81 Cash flow from operating activities 215 444 Cash flow from investing activities -226 -256 Free cash flow -11 188 In mi
Slide 13: Gearing Further Improved
voestalpine GROUP GEARING further improved 4000 3,775 80% 3500 70% Solid equity base 3,221 3,125 3,080 2,995 as of 2025/06/30: 2,978 67% 2,743 3000 60% » Equity: 7,518 58% » Equity ratio: 48% 2500 53% 2,291 50% 54% 47% 49% Low debt level 46% 2000 40% 1,661 1,651 1,650 1,457 as of 2025/06/30: 1500 30
Slide 14: Outlook BY 2025/26
OUTLOOK BY 2025/26 14 | August 2025 | Investor Relations
Slide 15: Outlook
voestalpine GROUP OUTLOOK » High uncertainty due to unclear future global trade and its regional economic effects » However, existing market trends are expected to continue in the remaining business year 2025/26: » Demand from automotive industry expected to stay largely on current levels » Stable d
Slide 16: Q&A Investor and Analyst Meeting Q1 2025/26
Q&A Investor and Analyst Meeting Q1 2025/26 voestalpine AG www.voestalpine.com