Voestalpine Ag · VIE:VOE
Voestalpine — Q3 BY 2018/19 Earnings Presentation
16 slides from Voestalpine's earnings presentation, February 2019
Slide 1: Business Year 2018/19 3rd Quarter
BUSINESS YEAR 2018/19 3 QUARTER rd Investor Relations FEBRUARY 2018 voestalpine AG www.voestalpine.com
Slide 2: voestalpine Group Overview – Business Model
voestalpine GROUP OVERVIEW – BUSINESS MODEL » voestalpine is a leading technology and capital goods group with combined material and processing expertise » It is holding global top positions in its business units » The group focuses on most demanding product and system solutions based on steel and o
Slide 3: Global Footprint
voestalpine GROUP GLOBAL FOOTPRINT Revenue by regions - Business year 2017/18 One Group – 500 sites – 50 countries – 5 continents European Union 66% (70%) NAFTA 14% (11%) Asia 8% (9%) Rest of world 8% (7%) South America 4% (3%) (figures 2016/17) Revenue by industries - Business year 2017/18 Automoti
Slide 4: Business Year
voestalpine GROUP BUSINESS YEAR Q1-Q3 BY 2018/19 » Slowing momentum in Q3 2018/19 after strong start into business year 2018/19 » Global trade conflicts with first negative effects on economic climate in Europe & China » European – in particular German – automotive industry with disturbances in prod
Slide 5: Steel Division Business Development Q1-Q3 BY 2018/19
STEEL DIVISION BUSINESS DEVELOPMENT Q1-Q3 BY 2018/19 » Increasingly challenging market conditions Q1 Q2 Q3 Q1-Q3 Q1-Q3 Delta » Soaring iron ore prices as consequence of dam breach in Brazil €m 18/19 18/19 18/19 18/19 17/18 in % » Automotive sector strongly impacted by WLTP in autumn 2018, recovery a
Slide 6: High Performance Metals Division Business Development Q1-Q3 BY 2018/19
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT Q1-Q3 BY 2018/19 » Slowing momentum in particular regions & sectors €m Q1 Q2 Q3 Q1-Q3 Q1-Q3 Delta 18/19 18/19 18/19 18/19 17/18 in % » Increasing protectionism negatively impacting tool steel demand » Growing price competition in Europe Revenue 7
Slide 7: Metal Engineering Division Business Development Q1-Q3 BY 2018/19
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT Q1-Q3 BY 2018/19 » Railway Systems bundling expertise in rails, turnouts & signaling Q1 Q2 Q3 Q1-Q3 Q1-Q3 Delta €m » Slightly enhanced activities in Europe but unchanged weak price 18/19 18/19 18/19 18/19 17/18 in % level in rail business » Pick up of
Slide 8: Metal Forming Division Business Development Q1-Q3 BY 2018/19
METAL FORMING DIVISION BUSINESS DEVELOPMENT Q1-Q3 BY 2018/19 » After strong development of automotive markets over the Q1 Q2 Q3 Q1-Q3 Q1-Q3 Delta last 3 years difficult situation after summer €m 18/19 18/19 18/19 18/19 17/18 in % » Volatile & short-term order activity due to WLTP » Massive start-up
Slide 9: Financial Overview
FINANCIAL OVERVIEW Q1-Q3 BY 2018/19 voestalpine AG 9 | February, 2019 | Investor Relations
Slide 10: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1-Q3 BY 2017/18 Q1-Q3 BY 2018/19 Delta 2017/04/01-2017/12/31 2018/04/01-2018/12/31 % Revenue 9,460 9,949 5.2 EBITDA 1,406 1,104 -21.4 EBITDA margin 14.9% 11.1% EBIT 835 526 -37.0 EBIT margin 8.8% 5.3% Profit before tax 737 431 -41.6 Profit after tax1 556 276 -50
Slide 11: Development EBIT Q1-Q3 BY 2018/19
voestalpine GROUP DEVELOPMENT EBIT Q1-Q3 BY 2018/19 408 835 -389 -36 526 EBIT -292 8.8 % EBIT 5.3 % Q1-Q3 BY Price Raw Mix/ Misc. Q1-Q3 BY 2017/18 Materials Volume 2018/19 In millions of euros voestalpine AG 11 | February, 2019 | Investor Relations
Slide 12: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1-Q3 BY 2017/18 Q1-Q3 BY 2018/19 2017/04/01-2017/12/31 2018/04/01-2018/12/31 Cash flow from results 1,180 919 Changes in working capital -618 -607 Cash flow from operating activities 562 312 Cash flow from investing activities -556 -774 Free cash flow 6 -462
Slide 13: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,554 6 478 6,060 5,652 5,262 5,075 5,115 4,289 4,263 4,691 4,836 4,262 3,572 83% 88% 3,762 3,786 71% 2,713 3,221 2,978 3,080 2,882 3,037 2,586 2,995 1,786 2,547 2,259 2,421 58% 58% 58% 2,125 54% 55% 53% 47% 1,853 46% 45% 46% 34% 32% 831 635 684 526 377 1
Slide 14: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,121 -29 600 Committed lines 241 Financial assets -653 -158 280 Cash In millions of euros -635 as of H1 2018/19 2018/12/31 2018/19 2019/20 2020/21 2021/22 voestalpine AG 14 | February, 2019 | Investor Relations
Slide 15: Outlook BY 2018/19
voestalpine GROUP OUTLOOK BY 2018/19 » Earnings expectations for full business year 2018/19 revised to an EBITDA of around 1,550m EUR and an EBIT of around 750m EUR » Dampening macroeconomic environment in Europe and China » Negative effects on international trade flows because of increasing protect
Slide 16: Investor Relations
INVESTOR RELATIONS Peter Fleischer Gerald Resch T. +43/50304/15-9949 T. +43/50304/15-3152 peter.fleischer@voestalpine.com gerald.resch@voestalpine.com voestalpine AG www.voestalpine.com