Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — Shareholder Meeting (May 2020)
11 slides from Kloeckner &'s shareholder meeting presentation, May 20, 2020
Slide 1: Klöckner & Co SE Annual General Meeting 2020
Klöckner & Co SE Annual General Meeting 2020 Düsseldorf, May 20, 2020 Gisbert Rühl | CEO 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements which reflect the current views of the management of Klöckner & Co SE with respect to future events. They generally are designated by the words “expect”, “assume”, “presume”, “intend”, “estimate”, “strive for”, “aim for”, “plan”, “will
Slide 3: Fiscal year 2019
Fiscal year 2019 FY FY FY FY 2019* 2018 2019* 2018 Shipments 5,648 6,107 Equity 1,182 1,282 (in tto) (in €m) Sales 6,315 6,790 Equity ratio 41 42 (in €m) (in %) EBITDA 139 227 Liquid funds 183 141 (in €m) (in €m) Net income -55 69 Net debt 445 383 (in €m) (in €m) Operating cash flow 204 60 Gearing 3
Slide 4: 1st Quarter 2020
1st Quarter 2020 Q1 Q1 Q1 Q1 2020 2019 2020 2019 Shipments 1,365 1,499 Equity 1,211 1,259 (in tto) (in €m) Sales 1,448 1,703 Equity ratio 41 38 (in €m) (in %) EBITDA 21 34 Liquid funds 121 51 (in €m) (in €m) Net income -21 -10 Net debt 563 820 (in €m) (in €m) Operating cash flow -97 -229 Gearing 47
Slide 5: Earnings development in 2019 and Q1 2020
Earnings development in 2019 und Q1 2020 FY 2019 vs. FY 2018 (in €m) Q1 2020 vs. Q1 2019 (in €m) -65 -27 17 227 34 50 11 -136 139 21 3 46 EBITDA Volume Price OPEX & IFRS 16 Material EBITDA EBITDA Volume Price OPEX & EBITDA FY 2018 effects effects other special FY 2019 Q1 2019 effects effects other Q
Slide 6: Share price development
Share price development 2019 2020 4% Klöckner & Co -43% -20% thyssenkrupp -59% -23% Salzgitter -47% -13% ArcelorMittal -46% 25% DAX -17% 32% SDAX -14% -50% -30% -10% 10% 30% 50% -70% -60% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 6
Slide 7: Outlook on Q2 and FY 2020
Outlook on Q2 and FY 2020 • Considerable decreasing shipments and sales (qoq) Q2 • Negative EBITDA in low double-digit million euro range 2020 • Positive cash flow due to net working capital reduction • Considerable burden on earnings FY • Significantly positive cash flow 2020 7
Slide 8: Crisis as an opportunity – Project Surtsey
Crisis as an opportunity – Project Surtsey • Increasing speed of digital transformation Target • Additional restructuring measures • Accelerated scaling of XOM Materials • M&A at attractive conditions Effects • Reduction of > 1,200 employees / closure of 19 branches • > €100m improvement in earnings
Slide 9: Transformation to platform company
Transformation to platform company AI-driven open platform Platform with AI-driven core orchestrates transactions processes between industry participants • Kloeckner Assistant > sales • eShop • XOM eProcurement > procurement • eProcurement • eMarketplace Opportunity Opportunity Increase in value thr
Slide 10: Employee survey 2020 – improvements in all areas
Employee survey 2020 – improvements in all areas • 68% (56%) response rate • 79% (77%) are familiar with the strategy of Klöckner & Co Feedback • 85% (78%) know what they can contribute to achieve the company‘s goals • 80% (78%) enjoy working for Klöckner & Co • 85% (83%) feel treated with respect P
Slide 11: Positive outlook despite crisis
Positive outlook despite crisis Immediate crisis Steering through Opportunities after management the crisis the crisis 11