Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — Q1 2021 Earnings Presentation
20 slides from Kloeckner &'s earnings presentation, Apr 29, 2021
Slide 1: Q1 2021 Results Press Conference
Q1 2021 RESULTS Press Conference April 29, 2021 Gisbert Rühl | CEO Guido Kerkhoff | Deputy CEO Dr. Oliver Falk | CFO
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements which reflect the In addition to the key figures prepared in accordance with IFRS and current views of the management of Klöckner & Co SE with respect to German-GAAP respectively, Klöckner & Co SE is presenting non-GAAP future events.
Slide 3: Agenda
AGENDA 1. Highlights and update on strategy 2. Outlook 3. Appendix 3 Klöckner & Co SE | Q1 2021 Results | Press Conference
Slide 4: Highlights of Q1 2021
HIGHLIGHTS OF Q1 2021 Q1 2021 Q1 2020 Shipments (Tto) 1,287 1,365 -5.7% Impact of COVID-19 pandemic; improvement over the course of Q1 Sales (€m) 1,525 1,448 +5.3% Due to higher price level yoy, despite lower volumes Considerable increase due to price dynamics and smart Gross profit (€m) 388 285 +35
Slide 5: EBITDA (€m) in Q1 2021
EBITDA (€M) IN Q1 2021 Best quarterly result in over twelve years 11 Negative volume effect mainly due to impact of -23 COVID-19 pandemic, upward movement over the course of the quarter 20 -8 Strong positive price effect due to price dynamic in 136 Europe and especially in the USA 141 OPEX (
Slide 6: Profit & Loss and Cash Flow
PROFIT & LOSS AND CASH FLOW (€m) Q1 2021 Q1 2020 Delta Sales 1,525 1,448 77 Gross profit 388 285 102 Gross profit margin 25.4 19.7 +5.7%p EBITDA before material special effects 130 21 109 EBITDA rep. 141 21 120 EBITDA margin 9.2 1.5 +7.7%p EBIT 111 -13 123 Financial result -6 -9 3 EBT 105 -22 126 Ta
Slide 7: Digital Transformation of Klöckner & Co
DIGITAL TRANSFORMATION OF KLÖCKNER & CO Digital sales share of >45% in Q1 (Q1 2020: 35%) Scaling of XOM Materials continues: GMV increased to ~€150m YTD Kloeckner Assistant gaining traction Focusing on Software-as-a-Service (SaaS) solutions which Already processed sales of ~€500m, thereof
Slide 8: Agenda
AGENDA 1. Highlights and update on strategy 2. Outlook 3. Appendix 8 Klöckner & Co SE | Q1 2021 Results | Press Conference
Slide 9: Region Specific Business Outlook 2021
REGION SPECIFIC BUSINESS OUTLOOK 2021 Europe +5-10% Real steel Construction Manufacturing, Energy Automotive Shipbuilding demand industry machinery & mechanical industry industry engineering, etc. USA +5-10% 9 Klöckner & Co SE | Q1 2021 Results | Press Conference
Slide 10: Outlook
OUTLOOK Q2 Considerable increase in sales and slight increase in shipments expected (qoq) EBITDA expectation of €130-160m before material special effects 2021 Shipments and sales significantly above prior-year level expected FY EBITDA before material special effects expected to increase very
Slide 11: Agenda
AGENDA 1. Highlights and update on strategy 2. Outlook 3. Appendix 11 Klöckner & Co SE | Q1 2021 Results | Press Conference
Slide 12: Quarterly and FY Results
QUARTERLY AND FY RESULTS Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 FY FY FY FY FY (€m) 2021 2020 2020 2020 2020 2019 2019 2019 2019 2018 2018 2018 2018 2020 2019 2018 2017 2016 Shipments (Tto) 1,287 1,195 1,242 1,070 1,365 1,250 1,420 1,479 1,499 1,398 1,519 1,605 1,584 4,873 5,648 6,107 6,135 6,149 Sa
Slide 13: Segment Performance
SEGMENT PERFORMANCE KM US Shipments (Tto) Sales (€m) EBITDA*) (€m) -4.6% +10.2% 75 649 619 662 599 601 564 515 527 483 478 23 17 9 0 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 KM Switzerland Shipments (Tto) Sales (€m) EBITD
Slide 14: Segment Performance
SEGMENT PERFORMANCE KM Services Shipments (Tto) Sales (€m) EBITDA*) (€m) -9.2% -0.3% 247 187 186 13 216 217 224 159 164 10 7 5 134 98 -2 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 KM Distribution Shipments (Tto) Sales (€m)
Slide 15: Strong Balance Sheet
STRONG BALANCE SHEET *) Gearing = Net debt/Equity attributable to shareholders of Klöckner & Co SE less Solid equity ratio of 40% goodwill from business combinations subsequent to May 23, 2019. Net debt of €363m **) Incl. contract assets and supplier bonuses. Gearing*) at 31% NWC at €1,107m
Slide 16: Sales by Markets, Products and Industries
SALES BY MARKETS, PRODUCTS AND INDUSTRIES Sales by markets Sales by products Sales by industries 1% 4% 3% 12% 6% 7% 7% 8% 9% 18% 40% 45% 41% 10% 11% 9% 27% 16% 26% USA Flat products Construction industry Germany/Austria Switzerland Long products Machinery/Mechanical engineering France Quality steel/
Slide 17: Share Price Performance in Q1 2021
SHARE PRICE PERFORMANCE IN Q1 2021 11,00 € 17.000 10,50 € 16.000 The share price of Klöckner & Co moved sideways at 10,00 € the beginning of Q1 2021 reaching its lowest level of 9,50 € 15.000 €7.51 on January 27 9,00 € 14.000 The share price increased sharply thereafter, however, the capital mar
Slide 18: Dividend Policy
DIVIDEND POLICY In general, Klöckner & Co SE follows a dividend policy of Inclusion of our general dividend policy in financial year distributing 30% of net income before special items. 2010 with a dividend of €0.30 per share Given the volatility of our business model, a sustainable Due to earni
Slide 19: Sustainability
SUSTAINABILITY Employees Digitalization A qualified and motivated We are advancing the internal cultural change. workforce is central to our success. Our measures aim at anchoring innovative, digital ways of Our working environment is characterized by long term working and thinking within the compan
Slide 20: Contact and Financial Calendar
Christian Pokropp FINANCIAL CALENDAR Head of External Communications May 12, 2021 Virtual Annual General Meeting 2021 +49 203 307-2050 August 13, 2021 christian.pokropp@kloeckner.com Half-yearly financial report 2021 www.kloeckner.com November 3, 2021 Q3 quarterly statement 2021 20 Klöckner & Co SE