Voestalpine Ag · VIE:VOE
Voestalpine — H1 2013/14 Earnings Presentation
18 slides from Voestalpine's earnings presentation, Nov 6, 2013
Slide 1: 1st Half 2013/14 Press Conference, November 6, 2013
st 1 Half 2013/14 Press Conference, November 6, 2013 Welcome! voestalpine AG www.voestalpine.com
Slide 2: 1st Half of Business Year 2013/14 – Highlights
voestalpine Group 1st Half of Business Year 2013/14 – Highlights Decrease in revenue of 3.5% due to raw materials prices Earnings performance slightly lower than previous year Investments increased from EUR 301 million to EUR 434 million (+ 44.2%) Equity rose to EUR 5.06 billion (+ 3.6%) G
Slide 3: Business model
voestalpine Group Business model From steel manufacturer to global technology and capital goods group High-tech steel forms the backbone of the Group and also includes the processing of other materials In line with our consistent downstream strategy, the Group has developed from a classic steel
Slide 4: Business model (2)
voestalpine Group Business model (2) Number 3 in Europe in revenue and market capitalization Focus on strategic markets with the highest technological and quality demands – mobility and energy (60% of revenue) Long-term partnerships with customers, suppliers, and R&D institutions are the key to
Slide 5: Global Presence
voestalpine Group Global Presence 500 Group companies and sites 50 Countries – 5 Continents voestalpine AG 5 | 11/6/2013 | 1st Half of Business Year 2013/14
Slide 6: 1st Half of BY 2013/14 – Market Environment
voestalpine Group 1st Half of BY 2013/14 – Market Environment Inconsistent global economic trend – attenuation of slight upward trend during the first half of the year Europe (eurozone): recession slowly overcome, however economic growth remains very cautious USA: economic impact of the govern
Slide 7: Overview of key figures
voestalpine Group Overview of key figures (values rounded) Change EUR million BY 2012/13 H1 2012/13 H1 2013/14 (in %) Revenue 11,524 5,933 5,724 −3.5 voestalpine AG 7 | 11/6/2013 | 1st Half of Business Year 2013/14
Slide 8: Overview of key figures
voestalpine Group Overview of key figures (values rounded) Change EUR million BY 2012/13 H1 2012/13 H1 2013/14 (in %) Revenue 11,524 5,933 5,724 −3.5 Operating result (EBITDA) 1,442 725 687 − 5.2 EBITDA margin (%) 12.5 12.2 12.0 voestalpine AG 8 | 11/6/2013 | 1st Half of Business Year 2013/14
Slide 9: Overview of key figures
voestalpine Group Overview of key figures (values rounded) Change EUR million BY 2012/13 H1 2012/13 H1 2013/14 (in %) Revenue 11,524 5,933 5,724 −3.5 Operating result (EBITDA) 1,442 725 687 −5.2 EBITDA margin (%) 12.5 12.2 12.0 Profit from operations (EBIT) 854 435 401 −8.0 EBIT margin (%) 7.4 7.3 7
Slide 10: Overview of key figures
voestalpine Group Overview of key figures (values rounded) Change EUR million BY 2012/13 H1 2012/13 H1 2013/14 (in %) Revenue 11,524 5,933 5,724 −3.5 Operating result (EBITDA) 1,442 725 687 −5.2 EBITDA margin (%) 12.5 12.2 12.0 Profit from operations (EBIT) 854 435 401 −8.0 EBIT margin (%) 7.4 7.3 7
Slide 11: Overview of key figures
voestalpine Group Overview of key figures (values rounded) Change EUR million BY 2012/13 H1 2012/13 H1 2013/14 (in %) Revenue 11,524 5,933 5,724 −3.5 Operating result (EBITDA) 1,442 725 687 −5.2 EBITDA margin (%) 12.5 12.2 12.0 Profit from operations (EBIT) 854 435 401 −8.0 EBIT margin (%) 7.4 7.3 7
Slide 12: Overview of key figures
voestalpine Group Overview of key figures (values rounded) Change EUR million BY 2012/13 H1 2012/13 H1 2013/14 (in %) Revenue 11,524 5,933 5,724 −3.5 Operating result (EBITDA) 1,442 725 687 −5.2 EBITDA margin (%) 12.5 12.2 12.0 Profit from operations (EBIT) 854 435 401 −8.0 EBIT margin (%) 7.4 7.3 7
Slide 13: Gearing Ratio
voestalpine Group Gearing Ratio voestalpine AG 13 | 11/6/2013 | 1st Half of Business Year 2013/14
Slide 14: Strategy 2020 – Overview
voestalpine Group Strategy 2020 – Overview Consistently forging ahead with long-term strategy of value-added growth Focus on growth in the mobility and energy industries (target: 70% of overall revenue); voestalpine is striving for global leadership in these technologically sophisticated market
Slide 15: Strategy 2020 – Example Asia
voestalpine Group (currently 64 sites, Strategy 2020 – Example Asia 3,600 FTE) Tripling of revenue Increasing Asian share of revenue from 6% to ≥ 10% i.e., from EUR 700 million to ≥ EUR 2 billion Investment volume of EUR 400 to 500 million Focus areas Customer segments mobility (railway
Slide 16: Strategy 2020 – Example North America
voestalpine Group (currently 25 sites, Strategy 2020 – Example North America 2,000 FTE) Status quo Revenue: ~ EUR 850 million, currently around 8% of Group revenue Target (including Mexico): ~ EUR 3 billion and 15% of Group revenue Focus areas Customer segments mobility (turnout technology
Slide 17: Outlook
voestalpine Group Outlook For the moment, slow economic recovery in Europe – more dynamic growth expected from the first half of 2014 on During 2014, increasing economic revival, also on a global basis US economy shows upward trend; China stable at over 7% Brazil with solid domestic market b
Slide 18: 1st Half 2013/14 Press Conference
st 1 Half 2013/14 Press Conference, November 6, 2013 voestalpine AG www.voestalpine.com