Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — Shareholder Meeting (May 2021)
16 slides from Kloeckner &'s shareholder meeting presentation, May 12, 2021
Slide 1: Annual General Meeting of Klöckner & Co SE
ANNUAL GENERAL MEETING OF KLÖCKNER & CO SE May 12, 2021 Gisbert Rühl | CEO
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements which reflect the current In addition to the key figures prepared in accordance with IFRS and German-GAAP views of the management of Klöckner & Co SE with respect to future events. They respectively, Klöckner & Co SE is presenting non-
Slide 3: Fiscal Year 2020
FISCAL YEAR 2020 FY 2020 FY 2019 FY 2020 FY 2019 Shipments (in tto) 4,873 5,648 Equity (in €m) 1,043 1,182 Sales (in €m) 5,130 6,315 Equity ratio (in %) 40 41 EBITDA (in €m) 52 139 Liquid funds (in €m) 173 183 Net income Net financial debt -114 -55 351 445 (in €m) (in €m) Operating cash flow 161 204
Slide 4: First Quarter 2021
FIRST QUARTER 2021 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Shipments (in tto) 1,287 1,365 Equity (in €m) 1,170 1,211 Sales (in €m) 1,525 1,448 Equity ratio (in %) 40 41 EBITDA (in €m) 141 21 Liquid funds (in €m) 133 121 Net income Net financial debt 86 -21 363 563 (in €m) (in €m) Operating cash flow 18 -97
Slide 5: Earnings Development FY 2020 and Q1 2021
EARNINGS DEVELOPMENT FY 2020 AND Q1 2021 FY 2020 vs. FY 2019 (in €m) Q1 2021 vs. Q1 2020 (in €m) 11 -23 -59 20 93 -8 124 111 136 141 -162 52 130 56 -16 21 EBITDA Volume Price OPEX/ EBITDA Material EBITDA EBITDA Volume Price OPEX/ FX effects Surtsey EBITDA Material EBITDA FY 2019 effect effect Other
Slide 6: Surtsey Project – Accelerating the Digital Transformation
SURTSEY PROJECT – ACCELERATING THE DIGITAL TRANSFORMATION Surtsey Project Decisive and early response to take advantage of opportunities presented by the crisis Project already well advanced, measures 90% Digitalization Restructuring implemented Digitization and restructuring effects of~ €20m
Slide 7: Share Price Development
SHARE PRICE DEVELOPMENT 2020 2021 27% Klöckner & Co 46% -34% thyssenkrupp 40% 8% Salzgitter 32% 21% ArcelorMittal 42% 2% DAX 12% 17% SDAX 9% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% -10% 0% 10% 20% 30% 40% 50% Klöckner & Co SE | Annual General Meeting 2021
Slide 8: Outlook on Q2 and FY 2021
OUTLOOK ON Q2 AND FY 2021 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 expecte
Slide 9: Annual General Meeting of Klöckner & Co SE
ANNUAL GENERAL MEETING OF KLÖCKNER & CO SE May 12, 2021 Guido Kerkhoff | Deputy CEO
Slide 10: Share price on the right track, however, valuation at net asset value and below peer valuations
SHARE PRICE ON THE RIGHT TRACK, HOWEVER, VALUATION AT NET ASSET VALUE AND BELOW PEER VALUATIONS 14.00 € 12.00 € 10.00 € 8.00 € 6.00 € 4.00 € 2.00 € 0.00 € Share performance Klöckner & Co (last 5yrs.) We strive for more Klöckner & Co SE | Annual General Meeting 2021
Slide 11: Complex environment, various challenges and no one-fits-all solution
COMPLEX ENVIRONMENT, VARIOUS CHALLENGES AND NO ONE-FITS-ALL SOLUTION High market fragmentation Downstream push Highly competitive markets due to fragmentation Mills are pushing downstream in the value between a few larger competitors and many chain with focus on high-volume customers low-cost local
Slide 12: Klöckner & Co's strong foundation
KLÖCKNER & CO’S STRONG FOUNDATION Digital Transformation Brands Advanced tools such as Onlineshops, Kloeckner Assistant, Klöckner & Co and sub-brands are internationally well-known XOM eProcurement brands with high reputation Digital sales share >45% Partner collaborations Surtsey project Fi
Slide 13: Our strategy - Klöckner & Co 2025: Leveraging Strengths
OUR STRATEGY - “KLÖCKNER & CO 2025: LEVERAGING STRENGTHS” CUSTOMER GROWTH DIGITALIZATION & OPERATIONAL VALUE CHAIN EXCELLENCE AUTOMATION LEVERAGING ASSETS & PARTNER NETWORK Klöckner & Co SE | Annual General Meeting 2021
Slide 14: Building a platform business model: ready to grow
BUILDING A PLATFORM BUSINESS MODEL: READY TO GROW Customer Growth Expanded customer base and increased share of wallet, due to customer focused extension of product and service offering with larger regional coverage Digitalization & Operational excellence value chain automation Values Increasing pro
Slide 15: Our ambition: merging & extending the digital and the physical business
OUR AMBITION: MERGING & EXTENDING THE DIGITAL AND THE PHYSICAL BUSINESS By 2025, Klöckner & Co will be the leading digital one-stop-shop platform for steel, other materials, equipment and processing services in Europe and the Americas Leading role in the Superior customer Customer growth Mature and
Slide 16: Sustainable growth with high performance through the entire cycle
SUSTAINABLE GROWTH WITH HIGH PERFORMANCE THROUGH THE ENTIRE CYCLE Our 2025 Goals Sales growth above market ROCE above cost of capital More than doubling normalised EBITDA level (as of before pre-COVID) Klöckner & Co SE | Annual General Meeting 2021