voestalpine AG · VIE:VOE
voestalpine — Q3 2023/24 Earnings Presentation
16 slides from voestalpine's earnings presentation, February 2024
Slide 1: Business Year 2023/24 1st-3rd Quarter
BUSINESS YEAR 2023/24 1 -3 QUARTER st rd Investor Relations FEBRUARY 2024 voestalpine AG www.voestalpine.com
Slide 2: Current Development - Overview
voestalpine GROUP CURRENT DEVELOPMENT - OVERVIEW » High interest rates increasingly burdened the European economy over the course of BY 2023/24 » Weakening demand for voestalpine products in the construction, mechanical engineering and consumer goods sectors » Automotive production currently stable,
Slide 3: Development Divisions
voestalpine GROUP DEVELOPMENT DIVISIONS » Steel Division » Good performance in an overall difficult environment for the European steel industry » Subdued demand from building and construction industry, mechanical engineering- and consumer goods industries » Good demand from the automotive and energy
Slide 4: Development Divisions
voestalpine GROUP DEVELOPMENT DIVISIONS » Metal Engineering Division » Very good development of Railway Systems » Seamless Tubes for oil and gas exploration on good level after exceptional development at beginning of BY 2023/24 » Welding Technology stable overall at a good level » Weak demand in Wir
Slide 5: Financial Overview 1st-3rd Quarter BY 2023/24
FINANCIAL OVERVIEW 1st-3rd QUARTER BY 2023/24 voestalpine AG 5 | February 2024 | Investor Relations
Slide 6: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1-Q3 BY 2022/23 Q1-Q3 BY 2023/24 Delta 2022/04/01-2022/12/31 2023/04/01-2023/12/31 % Revenue 13,585 12,388 -8.8 EBITDA 1,879 1,283 -31.7 EBITDA margin 13.8% 10.4% EBIT 1,140 713 -37.4 EBIT margin 8.4% 5.8% Profit before tax 1,053 575 -45.4 Profit after tax from
Slide 7: EBITDA Development (9m YoY)
voestalpine GROUP EBITDA DEVELOPMENT (9m YoY) 1,879 301 -126 1,283 -551 -220 EBITDA- margin EBITDA- 13.8 % margin 10.4 % Q1-Q3 Price Raw Mix/ Misc. Q1-Q3 2022/23 Materials Volume 2023/24 In millions of euros voestalpine AG 7 | February 2024 | Investor Relations
Slide 8: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1-Q3 BY 2022/23 Q1-Q3 BY 2023/24 2022/04/01-2022/12/31 2023/04/01-2023/12/31 Cash flow from results 1,502 984 Changes in working capital -1,858 -311 Cash flow from operating activities -356 673 Cash flow from investing activities 267 -691 Free cash flow -89 -
Slide 9: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 7 769 7 784 7 069 6 710 6 554 6 060 83% 5 652 5 615 5 650 5 262 5 115 88% 5 075 4 691 4 836 4 262 67% 4 289 4 263 71% 3 762 58% 3 775 3 572 55% 3 221 58% 3 125 3 037 54% 45% 46% 2 978 3 080 2 995 2 882 2 743 2 713 2 586 53% 2 547 2 421 47% 2 259 47% 49% 2
Slide 10: Outlook
voestalpine GROUP OUTLOOK » The existing trends are expected to continue for the remaining BY 2023/24: » Ongoing stagnation in demand in the construction, mechanical engineering and consumer goods industries » The automotive industry should remain relatively stable at the current level » Demand from
Slide 11: Decarbonization Update
DECARBONIZATION UPDATE voestalpine AG 11 | February 2024 | Investor Relations
Slide 12: Production Processes – Status Quo
voestalpine GROUP PRODUCTION PROCESSES – STATUS QUO EUR 18.2 bn. revenues voestalpine Group BY 2022/23 68% of group 32% of group Metals business revenues Industrial business revenues Metal Engineering High Performance Metal Engineering Metal Forming Steel Division Division (part of) Metals Division
Slide 13: Production Processes in Phase 1: 2027-2030
voestalpine GROUP PRODUCTION PROCESSES in PHASE 1: 2027 - 2030 EUR 18.2 bn. revenues voestalpine Group BY 2022/23 68% of group 32% of group Metals business revenues Industrial business revenues Metal Engineering High Performance Metal Engineering Metal Forming Steel Division Division (part of) Metal
Slide 14: Production Processes in Phase 1: 2027-2030
voestalpine GROUP PRODUCTION PROCESSES in PHASE 1: 2027 - 2030 EUR 18.2 bn. revenues voestalpine Group BY 2022/23 Update 68% ofHBI group 32% of group Metals business secured via stake in HBI-plant in Texas, USAbusiness Industrial revenues revenues Long term contracts with scrap dealers Metal Enginee
Slide 15: Production Processes in Phase 2: 2030-2035
voestalpine GROUP PRODUCTION PROCESSES in PHASE 2: 2030 - 2035 EUR 18.2 bn. revenues voestalpine Group BY 2022/23 68% of group 32% of group Metals business revenues Industrial business revenues Metal Engineering High Performance Metal Engineering Metal Forming Steel Division Division (part of) Metal
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