Slide 1: Business Year 2018/19, 2nd Quarter, 1st Half
BUSINESS YEAR 2018/19 2 QUARTER, 1 HALF nd st Investor Relations NOVEMBER 2018 voestalpine AG www.voestalpine.com
Slide 2: 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 H1 BY 2018/19 » Strong start into business year 2018/19 but dynamics in Q2 2018/19 moderating » Overall solid development in Europe but recent sentiment indicators signaling growth-slowdown in H2 » European – in particular German – automotive industry with disturbance
Slide 5: Steel Division Business Development
STEEL DIVISION BUSINESS DEVELOPMENT H1 BY 2018/19 » Blast furnace repair successfully completed by end of Q1 Q2 H1 H1 Delta September €m 18/19 18/19 18/19 17/18 in % » Significant EBIT-impact primarily in Q2 » Largely solid business conditions in H1 2018/19 Revenue 1,276 1,139 2,416 2,299 5.1 » Posi
Slide 6: High Performance Metals Division Business Development
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT H1 BY 2018/19 » Slowing momentum in particular regions & sectors €m Q1 Q2 H1 H1 Delta 18/19 18/19 18/19 17/18 in % » China with receding dynamics in automotive & consumer goods » Increasing protectionism negatively impacting tool steel demand Rev
Slide 7: Metal Engineering Division Business Development
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT H1 BY 2018/19 » Railway Systems bundling expertise in rails, turnouts & Q1 Q2 H1 H1 Delta signaling €m 18/19 18/19 18/19 17/18 in % » Slightly enhanced activities in Europe after two challenging years » Pick up of railway infrastructure investments in
Slide 8: Metal Forming Division Business Development
METAL FORMING DIVISION BUSINESS DEVELOPMENT H1 BY 2018/19 » After strong development of automotive markets over the last Q1 Q2 H1 H1 Delta 3 years difficult situation in late summer because of €m 18/19 18/19 18/19 17/18 in % » temporary production stops at European OEMs due to new emission test WLTP
Slide 9: Financial Overview
FINANCIAL OVERVIEW H1 BY 2018/19 voestalpine AG 9 | November, 2018 | Investor Relations
Slide 10: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW H1 BY 2017/18 H1 BY 2018/19 Delta 2017/04/01-2017/09/30 2018/04/01-2018/09/30 % Revenue 6,302 6,674 5.9 EBITDA 969 860 -11.2 EBITDA margin 15.4% 12.9% EBIT 584 480 -17.9 EBIT margin 9.3% 7.2% Profit before tax 514 422 -17.9 Profit after tax1 389 316 -18.7 EPS – e
Slide 11: Development EBIT
voestalpine GROUP DEVELOPMENT EBIT H1 BY 2018/19 266 584 -7 480 -297 -66 EBIT EBIT 9.3 % 7.2 % H1 BY Price Raw Mix/ Misc. H1 BY 2017/18 Materials Volume 2018/19 In millions of euros voestalpine AG 11 | November, 2018 | Investor Relations
Slide 12: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW H1 BY 2017/18 H1 BY 2018/19 2017/04/01-2017/09/30 2018/04/01-2018/09/30 Cash flow from results 755 657 Changes in working capital -373 -492 Cash flow from operating activities 382 165 Cash flow from investing activities -380 -487 Free cash flow 2 -322 In milli
Slide 13: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,554 6,551 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 3,599 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% 2,125 54% 55% 53% 55% 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 1,170 -775 600 Committed lines -651 306 Financial assets 264 Cash -106 -633 In millions of euros as of 2018/09/30 H1 2018/19 2018/19 2019/20 2020/21 2021/22 voestalpine AG 14 | November, 2018 | Investor Relations
Slide 15: Outlook BY 2018/19
voestalpine GROUP OUTLOOK BY 2018/19 » The earnings expectations for the full business year 2018/19 are revised to an EBITDA close to EUR 1.8 billion and an EBIT of just below EUR 1 billion due to: » negative effects on international trade flows because of increasing protectionist measures by more a
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