Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — Q1 2022 Earnings Presentation
19 slides from Kloeckner &'s earnings presentation, May 4, 2022
Slide 1: Q1 2022 Results Press Conference
Q1 2022 RESULTS Press Conference May 4, 2022 Guido Kerkhoff | CEO
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 2022 Results | Press Conference
Slide 4: Highlights of Q1 2022
HIGHLIGHTS OF Q1 2022 Q1 2022 Q1 2021 Slightly down yoy, however, strongly up qoq (+13.4%) due to seasonality Shipments (Tto) 1,257 1,287 -2.3% and despite consistent margin-over-volume strategy Sales (€m) 2,438 1,525 +59.8% Due to positive price development Gross profit (€m) 482 388 +24.2% Consider
Slide 5: EBITDA Development
EBITDA DEVELOPMENT EBITDA (€m) in Q1 2022 Strong operating result and considerably up yoy 53 Negative volume effect mainly due to consistent margin- -12 6 over-volume strategy 85 Strong positive price effect due to tight market environment 254 -9 201 OPEX up especially driven by shipping & o
Slide 6: Operational and Automation Initiatives Progressing
OPERATIONAL AND AUTOMATION INITIATIVES PROGRESSING Sale of site in Switzerland Sale of site in Wettingen, Switzerland, completed Disposal proceeds of €50m Operating business relocated to other sites Material special effects amounting to a total of €53m in Q1 2022 Kloeckner Assistant post
Slide 7: Leading the Sustainability Transformation
LEADING THE SUSTAINABILITY TRANSFORMATION Concrete reduction measures identified, implementation already started Scope 1 & 2 emissions below 1% of overall Scope 1-3 emissions In addition to reduction measures, compensation of Scope 1 & 2 emissions from 2022 onwards World's first company with n
Slide 8: Agenda
AGENDA 1. Highlights and update on strategy 2. Outlook 3. Appendix 8 Klöckner & Co SE | Q1 2022 Results | Press Conference
Slide 9: Region Specific Business Outlook 2022
REGION SPECIFIC BUSINESS OUTLOOK 2022 Europe +1-3% Real steel Construction Manufacturing, Energy Automotive Shipbuilding demand industry machinery & mechanical industry industry engineering, etc. USA +3-5% 9 Klöckner & Co SE | Q1 2022 Results | Press Conference
Slide 10: Outlook
OUTLOOK Considerable increase in sales expected and shipment expectations stable to Q2 slightly increasing (qoq) EBITDA expectation of €180-240m before material special effects 2022 Strong and significantly positive operating cash flow expected Sales expectation considerably above prior-year
Slide 11: Agenda
AGENDA 1. Highlights and update on strategy 2. Outlook 3. Appendix 11 Klöckner & Co SE | Q1 2022 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) 2022 2021 2021 2021 2021 2020 2020 2020 2020 2019 2019 2019 2019 2021 2020 2019 2018 2017 Shipments (Tto) 1,257 1,108 1,190 1,295 1,287 1,195 1,242 1,070 1,365 1,250 1,420 1,479 1,499 4,881 4,873 5,648 6,107 6,135 Sa
Slide 13: Segment Performance
SEGMENT PERFORMANCE KM US Shipments (Tto) Sales (€m) EBITDA*) (€m) +73.5% -5.3% 1,148 146 633 134 619 609 1,004 1,000 586 101 845 75 72 537 662 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 KM EU Shipments (Tto) Sales (€m) EBI
Slide 14: Maturity Profile
MATURITY PROFILE Facility Committed Drawn amount €m Mar 31, 2022 (€m) Mar 31, 2022 Mar 31, 2022 Dec 31, 2021 Adjusted equity4) 1,942 Syndicated Loan 250 183 36 Net Debt 999 ABS Europe1) 300 203 189 Gearing5) 51% ABL USA2) 405 303 240 Leverage6) 1.1x Convertible 2016 148 142 142 Bilateral Facilities3
Slide 15: Sales by Markets, Products and Industries
SALES BY MARKETS, PRODUCTS AND INDUSTRIES Sales by markets Sales by products Sales by industries 1% 4% 4% 9% 6% 2% 8% 6% 7% 8% 14% 8% 38% 46% 51% 10% 9% 25% 14% 30% USA Flat products Construction industry Germany/Austria Long products Machinery/Mechanical engineering Switzerland Aluminum Automotive
Slide 16: Share Price Performance in Q1 2022
SHARE PRICE PERFORMANCE IN Q1 2022 125% 120% 115% The capital market environment remained volatile 110% throughout Q1 2022, especially due to the escalation of the war in the Ukraine 105% The share price of Klöckner & Co decreased in January 100% 2022 reaching its lowest level of €9.15 on Januar
Slide 17: 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 18: Customer-Centric Metric for CO2-Reduced Steel
LEADING THE SUSTAINABILITY TRANSFORMATION - INTRODUCTION OF A CUSTOMER- CENTRIC METRIC FOR CO2-REDUCED STEEL Five categories differ by carbon load One category differs by method Our ambition Carbon load thresholds (in kg CO2e/t finished steel product) 2025 2030 © SHIPMENTS Start Step Plus Pro Prime
Slide 19: Financial Calendar
FINANCIAL CALENDAR June 1, 2022 Christian Pokropp Annual General Meeting 2022 Head of Corporate Communications | August 3, 2022 Head of Group HR Half-yearly financial report 2022 +49 203 307-2050 November 3, 2022 christian.pokropp@kloeckner.com Q3 quarterly statement 2022 www.kloeckner.com 19 Klöckn