Voestalpine Ag · VIE:VOE
Voestalpine — Shareholder Meeting (July 2016)
21 slides from Voestalpine's shareholder meeting presentation, Jul 6, 2016
Slide 1: Welcome! 24th Annual General Meeting of voestalpine AG
Welcome! 24th Annual General Meeting of voestalpine AG Linz, July 6, 2016 voestalpine AG www.voestalpine.com
Slide 2: 24th Annual General Meeting of voestalpine AG
24th Annual General Meeting of voestalpine AG Linz, July 6, 2016 voestalpine AG www.voestalpine.com
Slide 3: Agenda item 1
Agenda item 1 Presentation of the adopted Annual Financial Statements of voestalpine AG, of the Management Report, which has been combined with the Consolidated Management Report, of the recommendation for appropriation of net profit, of the Consolidated Annual Financial Statements, of the
Slide 4: voestalpine Group Results and highlights BY 2015/16
voestalpine Group Results and highlights BY 2015/16 voestalpine AG 4 | July 6, 2016 | 24th Annual General Meeting of voestalpine AG
Slide 5: Business year 2015/16 – Market environment
voestalpine Group Business year 2015/16 – Market environment Global economic environment extremely challenging Europe: moderate upward trend with major regional differences North America: dwindling momentum China: lower growth due to structural changes – impact on voestalpine minimal India
Slide 6: Business year 2015/16 – Highlights
voestalpine Group Business year 2015/16 – Highlights Increases in all reporting categories (also due to positive non-recurring effects) Revenue at EUR 11.1 billion largely stable, compared to EUR 11.2 billion in the previous year EBITDA: EUR 1.6 billion (+3.5%), EBIT: EUR 889 million (+0.3%)
Slide 7: Development of investments
voestalpine Group Development of investments In millions ∑ of the past 11 years: EUR 12.2 billion (in %) of euros 1.400 1,311 3 20 17 2005/06 1,178 80 1.200 Rest of world 524 1.000 936 346 851 154 9 800 96 182 231 180 Other EU 35 65 2010/11 566 575 243 26 600 17 65 94 423 145 400 39 112 600 601 607
Slide 8: Overview of financial key figures BY 2015/16
voestalpine Group Overview of financial key figures BY 2015/16 voestalpine AG 8 | July 6, 2016 | 24th Annual General Meeting of voestalpine AG
Slide 9: Overview of key figures BY 2015/16 (1)
voestalpine Group Overview of key figures BY 2015/16 (1) Adjusted figures In millions of euros BY 2014/15 BY 2015/16 Change BY 2014/151) BY 2015/162) Change (in %) (in %) Revenue 11,190 11,069 -1.1 11,190 11,069 -1.1 Operating result (EBITDA) 1,530 1,583 +3.5 1,468 1,446 -1.5 EBITDA margin 13.7 14.3
Slide 10: Overview of key figures BY 2015/16 (2)
voestalpine Group Overview of key figures BY 2015/16 (2) Adjusted figures In millions of euros BY 2014/15 BY 2015/16 Change BY 2014/151) BY 2015/162) Change (in %) (in %) Earnings per share 3.18 3.35 +5.3 2.94 2.64 -10.2 Dividend per share 1.00 1.053) Employees (full-time equivalent) 47,418 48,367 +
Slide 11: Development of the gearing ratio
voestalpine Group Development of the gearing ratio 6000 5,652 100% 88% 5,262 83% 5,075 5,115 90% 5000 71% 4,836 4,691 80% 4,289 4,263 4,262 70% 4000 3,762 58% 3,572 58% 55% 54% 2,978 3,080 60% 3,037 46% 2,882 45% 3000 2,713 2,586 2,421 50% 2,547 2,259 40% 2000 30% 18% 15% 20% 1000 526 377 10% 0 0% 2
Slide 12: voestalpine AG Dividend
voestalpine AG | Dividend * Proposal to the AGM Dividend yield Distribution ratio 400 Ø last 10 years: 3.3% Ø last 10 years: 39% 4.1% 4.0% 3.8% 350 3.6% 341 300 3.2% 3.0% 3.0% 2.8% 2.9% 78% 250 2.2% 200 235 184 150 48% 176 164 172 155 41% 135 135 37% 100 33% 35% 31% 32% 31% 26% 50 84 0 2006/07 2007/
Slide 13: Development of the R&D expenses
voestalpine Group (in millions of euros) R&D expenses Development of the R&D expenses R&D budget Ø annual increase in the last 11 years: 8.5% 150 150 125 132 126 128 127 117 100 112 109 109 93 75 66 50 25 0 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 voest
Slide 14: Development of environmental expenditures
voestalpine Group Developement of environmental expenditures Σ of ongoing operating expenses in the past 10 years: EUR 2.21 billion In millions of euros Environmental investments Operating environmental expenses For the first time, in addition 237 to the Austrian sites, 218 222 a series of other, pr
Slide 15: Divisions: Key figures and market environment
voestalpine Group Divisions: Key figures and market environment voestalpine AG 15 | July 6, 2016 | 24th Annual General Meeting of voestalpine AG
Slide 16: Overview of key figures for the divisions
voestalpine Group BY 2015/16 Overview of key figures for the divisions In millions of euros Steel Special Metal* Metal Group Steel Engineering Forming Revenue 3,754 2,651 2,850 2,225 11,069 Share of Group revenue (%) 33 23 25 19 EBITDA (in millions of euros) 478 364 511 291 1,583 EBITDA margin (%) 1
Slide 17: Divisional development BY 2015/16
voestalpine Group Divisional development BY 2015/16 Steel Division Competitive and market environment remains difficult Global structural overcapacities (above all China) and slump in raw material prices Strong demand (automotive industry!), yet price levels continue to fall Special Steel Divi
Slide 18: Investment project special steel plant 2020
Special Steel Division Investment project special steel plant 2020 Expansion of global market leadership in tool and special steels Construction of the world’s most modern special steel plant to replace existing plant in Kapfenberg Industry 4.0 standard via fully integrated process technology
Slide 19: Divisional development BY 2015/16 (2)
voestalpine Group Divisional development BY 2015/16 (2) Metal Engineering Division Strong earnings in the BY 2015/16 positively influenced by non-recurring effects For the first time full consolidation in the Seamless Tubes and Turnout Systems business segments Positive non-recurring effects:
Slide 20: Outlook BY 2016/17
voestalpine Group Outlook BY 2016/17 Short-term improvement in the global economic situation unlikely Gentle upwards trend in Europe – impact of Brexit? Loss of momentum in the USA First positive effects of the latest Chinese 5-year plan Continued recessionary trend in Brazil and Russia
Slide 21: 24th Annual General Meeting of voestalpine AG
24th Annual General Meeting of voestalpine AG Linz, July 6, 2016 voestalpine AG www.voestalpine.com