Slide 1: Investor Presentation April 2023
INVESTOR PRESENTATION APRIL 2023 voestalpine AG www.voestalpine.com
Slide 2: voestalpine Group Overview
voestalpine GROUP OVERVIEW » Highly differentiated business portfolio with sustainable cash generation » Reduced cyclicality through diversified business portfolio Strong business profile » Technological leadership and value-added niche business model » Profitability leadership » Disciplined financi
Slide 3: Global Footprint
voestalpine GROUP GLOBAL FOOTPRINT Revenue breakdown BY 2021/22 Active in +50 countries, the group comprises +500 entities and employs c. 48,000 people worldwide voestalpine AG 3 | April 2023 | Investor Relations
Slide 4: Business Portfolio Overview
voestalpine GROUP BUSINESS PORTFOLIO OVERVIEW High Steel Performance Division Metals Division (36% of group (20% of group revenues) revenues) Metal Metal Forming Engineering Division Division (22% of group (22% of group revenues) revenues) voestalpine AG 4 | April 2023 | Investor Relations
Slide 5: Stable Earnings Profile
voestalpine GROUP STABLE EARNINGS PROFILE EBITDA Margin: voestalpine vs. European steel peers % 30 20 10 Lower volatility and 0 higher margin through -10 the cycle vs. steel peers -20 -30 Q1/2011 Q1/2012 Q1/2013 Q1/2014 Q1/2015 Q1/2016 Q1/2017 Q1/2018 Q1/2019 Q1/2020 Q1/2021 Q1/2022 voestalpine Stee
Slide 6: Development Net Debt / EBITDA
voestalpine GROUP DEVELOPEMENT NET DEBT / EBITDA Figures in millions of euros as of 2022/12/31 4,2 3,762 3,775 3,7 3,572 3.2 3,2 3.0 3,037 3,221 3,125 3,080 2,995 2,978 2,713 2,743 2,7 2,586 2,667 2,647 * 2.0 2.4 1.9 2.2 2,259 2,421 1.9 2,2 2.0 1.9 2.1 2,291 2,291 1.7 1.8 1,954 1.6 1.6 1,837 1,710 1
Slide 7: Stable Performance Bond Spreads
voestalpine GROUP STABLE PERFORMANCE BOND SPREADS Z spread in bps 800 700 600 Trading levels of 500 senior bond spreads 400 300 are less volatile than 200 steel peers! 100 0 voestalpine Steel Peers IBOXX Non-Fin. BBB voestalpine AG 7 | April 2023 | Investor Relations
Slide 8: Decarbonisation Strategy
voestalpine GROUP DECARBONISATION STRATEGY EUR 14.9 bn. revenues voestalpine Group BY 2021/22 65% of group 35% of group Metals Business revenues Industrial Business revenues Metal Engineering High Performance Metal Engineering Metal Forming Steel Division Division (part of) Metals Division Division
Slide 9: Decarbonization and Value Generation
voestalpine GROUP DECARBONIZATION AND VALUE GENERATION » voestalpine decarbonization strategy combines a clear target of GHG emissions reduction and economic efficiency » Demand for green steel is an important economic consideration » Green steel technology selection is based on optimizing emissions
Slide 10: Share Price vs. Book Value
voestalpine GROUP SHARE PRICE VS. BOOK VALUE voestalpine AG 10 | April 2023 | Investor Relations
Slide 11: Disclaimer
voestalpine GROUP DISCLAIMER These materials have been prepared by voestalpine AG (the "Company") solely for informational purposes, are intended for the use of the reader only and do not constitute an offer or commitment, a solicitation of an offer or commitment, or any advice or recommendation to
Slide 12: Contact Details
CONTACT DETAILS Investor Relations Group Treasury / Debt Investor Relations Peter Fleischer Daniel Huber T. +43/50304/15-9949 T. +43/50304/15-2928 peter.fleischer@voestalpine.com daniel.d.huber@voestalpine.com voestalpine AG www.voestalpine.com
Slide 13: Backup
BACKUP voestalpine AG www.voestalpine.com
Slide 14: Superior Share Price Development
voestalpine GROUP SUPERIOR SHARE PRICE DEVELOPMENT % Share price performance in the long term better compared to European steel peers! 2009 17. März 2023 voestalpine AG 14 | April 2023 | Investor Relations
Slide 15: Decarbonisation Strategy
voestalpine GROUP DECARBONISATION STRATEGY » Carbon footprint of voestalpine’s industrial business is of very minor relevance » Nevertheless, decarbonization plans also in downstream businesses » Metals production partly via EAFs and partly via blast furnace-route » EAF-production is state of the ar
Slide 16: Strategy and Capex Plans
voestalpine GROUP STRATEGY AND CAPEX PLANS » voestalpine pursues a capital-sensitive growth strategy in the long term » expanding global presence of existing downstream / industrial businesses » Large parts of medium term CAPEX are attributed to decarbonization » voestalpine is fully committed to th
Slide 17: Decarbonization Strategy Step-by-Step Approach
DECARBONIZATION STRATEGY STEP-BY-STEP APPROACH Metal Engineering timeline Steel Division voestalpine group comment Division 5 blast furnaces „Synthetic“ green steel via Status Quo 20% Stake DRI facility banking model to develop market Phase 1 3 blast furnaces, 2 EAFs 2.5 mt green steel (up to) CAPEX
Slide 18: Greentec Steel
voestalpine GROUP GREENTEC STEEL » greentec steel stands for an integrated steel plant, combining blast furnace and electric arc furnace operations (Hybrid steel plant) » The EAF-production route uses mainly scrap as input material as well as HBI and hot metal for defined steel grades » Scrap is an
Slide 19: Business Environment BY 2022/23
voestalpine GROUP BUSINESS ENVIRONMENT BY 2022/23 » Environment of BY 2022/23 was challenging so far: war in Ukraine, high energy prices and high inflation, logistic issues, supply chain problems, COVID-19 infections, etc. » Nevertheless, demand for voestalpine products stayed solid » Unchanged stro
Slide 20: Outlook for Remaining BY 2022/23
voestalpine GROUP OUTLOOK FOR REMAINING BY 2022/23 » Ongoing uncertainty regarding Macro-environment » Sentiment in Europe impacted by Ukraine-war, recession fears diminished somewhat recently » North America still doing well, at the moment discussions about banking stress and impact on economy » St
Slide 21: Successful Business Model
voestalpine GROUP SUCCESSFUL BUSINESS MODEL » voestalpine is a leading steel and technology group with combined materials and processing expertise » The group focuses on product and system solutions based on steel and other metals of the highest quality in technology-intensive industries and niches
Slide 22: Seasoned Management Team
voestalpine GROUP SEASONED MANAGEMENT TEAM Herbert Eibensteiner Chairman of the Board (CEO) Started with voestalpine in 1989, Member of the Board since 2012 All Members of Robert Ottel the Board have Chief Financial Officer (CFO) Started with voestalpine in 1997, Member of the Board since 2004 had H
Slide 23: Financing Portfolio
voestalpine GROUP FINANCING PORTFOLIO The financing strategy of voestalpine focuses on a Instrument Volume €m Maturity well balanced financial structure using a broad Schuldscheindarlehen 394 various range of financing instruments! Senior Bonds 1,000 2024, 2026 9% Committed credit lines (undrawn) 1,
Slide 24: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE LIQUIDITY REDEMPTION 1,567 1000 Committed lines 143 Financial assets 1003 892 424 Cash 230 213 3 Liquidity 2022/23 2023/24 2024/25 2025/26 further Figures in millions of euros as of 2022/12/31 voestalpine AG 24 | April 2023 | Investor Relations