Slide 1: Business Year 2016/17 Investor Relations
BUSINESS YEAR 2016/17 INVESTOR RELATIONS JUNE 2017 voestalpine AG www.voestalpine.com
Slide 2: voestalpine Group Overview
voestalpine GROUP OVERVIEW » 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 other metals in te
Slide 3: Global Footprint
voestalpine GROUP GLOBAL FOOTPRINT Revenue by regions (Business year 2016/17) One Group – 500 sites – 50 countries – 5 continents European Union 70% NAFTA 11% Asia 9% Rest of world 7% South America 3% Revenue by industries (Business year 2016/17) Automotive 34% Railway systems 12% Aerospace 3% MOBIL
Slide 4: Business Development by 2016/17 – Summary
voestalpine GROUP BUSINESS DEVELOPMENT BY 2016/17 – SUMMARY » Europe with accelerated economic growth in the course of BY 2016/17 » Strong impulses in voestalpine-relevant market segments in China » US growth rate weakening in H2 2016/17 » Recession in Brazil slowing down, however doubts on a broade
Slide 5: Quarterly Figures by 2016/17 – Reported
voestalpine GROUP QUARTERLY FIGURES BY 2016/17 – REPORTED 1st quarter 2nd quarter 3rd quarter 4th quarter Business Year Business Year Delta 2016/17 2016/17 2016/17 2016/17 2016/17 2015/16 in % Sales 2,772 2,635 2,693 3,193 11,295 11,069 2.0 EBITDA 334 371 356 480 1,541 1,583 -2.7 EBITDA-margin 12.0%
Slide 6: Quarterly Figures by 2016/17 – Clean
voestalpine GROUP QUARTERLY FIGURES BY 2016/17– CLEAN 1st quarter 2nd quarter 3rd quarter 4th quarter Business Year Business Year Delta 2016/17 2016/17 2016/17 2016/17 2016/17 2015/16 in % Sales 2,772 2,635 2,693 3,193 11,295 11,069 2.0 EBITDA 334 371 356 480 1,541 1,446 6.6 EBITDA-% 12.0% 14.1% 13.
Slide 7: Development of Clean EBIT Figures 2016/17
voestalpine GROUP DEVELOPMENT OF CLEAN–EBIT FIGURES 2016/17 284 (8.9%) 205 EBIT 172 (7.8%) 180 (EBIT in %) (6.2%) (6.7%) Q1 16/17 Q2 16/17 Q3 16/17 Q4 16/17 Start-up costs Texas (-10 €m) Start-up costs Texas (-10 €m) Start-up costs Texas (-5 €m) Start-up costs Texas (-5 €m) Aperiodical Problems blas
Slide 8: Investments & Cash Flow Development
voestalpine GROUP INVESTMENTS & CASH FLOW DEVELOPMENT PEAK-CAPEX 1,311 1,178 CAPEX (INCL. (8.9%) 1,011 ACQUISITIONS) 936 852 DEPRECIATION 575 FREE CASH FLOW 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 Start global rollout of new automotive technologies Start additive manu
Slide 9: Steel Division Business Development by 2016/17
STEEL DIVISION BUSINESS DEVELOPMENT BY 2016/17 » Steel industry with significant volatility in 2016/17 Q1 Q2 Q3 Q4 BY BY Delta €m » Highly fluctuating raw material prices, in particular coking coal 16/17 16/17 16/17 16/17 16/17 15/16 in % » Soaring Chinese exports causing increasing protectionism an
Slide 10: High Performance Metals Division Business Development by 2016/17
HIGH PERFORMANCE METALS DIVISION (Former: Special Steel Division) BUSINESS DEVELOPMENT BY 2016/17 » Continuous growth in innovation & service network Q1 Q2 Q3 Q4 BY BY Delta paving way for earnings extension €m 16/17 16/17 16/17 16/17 16/17 15/16 in % » Improving business environment in the course o
Slide 11: Metal Engineering Division Business Development by 2016/17
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT BY 2016/17 » Business year comparison influenced by positive one-offs Q1 Q2 Q3 Q4 BY BY Delta 2015/16 from consolidation changes €m 16/17 16/17 16/17 16/17 16/17 15/16 in % » Divergence in main customer segments in H2 2016/17 Sales 680 652 662 690 2,68
Slide 12: Metal Forming Division Business Development by 2016/17
METAL FORMING DIVISION BUSINESS DEVELOPMENT BY 2016/17 » Upward trend in Automotive Components business Q1 Q2 Q3 Q4 BY BY Delta prolonged €m 16/17 16/17 16/17 16/17 16/17 15/16 in % » Car registrations in Europe & China unchanged growing in Q4 2016/17, softening sales figures in the US Sales 616 572
Slide 13: Financial Overview BY 2016/17
FINANCIAL OVERVIEW BY 2016/17 voestalpine AG 13 | June, 2017 | Investor Relations
Slide 14: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW REPORTED FIGURES CLEAN FIGURES BY 2015/16 BY 2016/17 BY 2015/16 BY 2016/17 2015/04/01 2016/04/01 Delta 2015/04/01 2016/04/01 Delta -2016/03/31 -2017/03/31 (%) -2016/03/31 -2017/03/31 (%) Sales 11,069 11,295 2.0 11,069 11,295 2.0 EBITDA 1,583 1,541 -2.7 1,446 1,54
Slide 15: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW BY 2015/16 BY 2016/17 Delta 2015/04/01 2016/04/01 in % -2016/03/31 -2017/03/31 *) Fixed asset and CAPEX* 1,311 1,011 -22.9 acquisitions Depreciation 695 717 3.2 Net Financial Debt 3,080 3,221 4.6 Gearing 54.5% 53.2% In millions of euros voestalpine AG 15 | June,
Slide 16: Development EBIT
voestalpine GROUP DEVELOPMENT EBIT 889 814 40 840 823 23 -75 -17 -30 -7 Reported Clean Clean Reported EBIT EBIT EBIT EBIT 8.0 % 7.4 % 7.4 % 7.3 % 815 784 777 777 800 823 BY One-off BY Price Raw Mix/ Misc. BY One-off BY 2015/16 effects 2015/16 Materials Volume 2016/17 effects 2016/17 In millions of e
Slide 17: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW BY 2015/16 BY 2016/17 2015/04/01-2016/03/31 2016/04/01-2017/03/31 Cash flow from results 1,168 1,249 Changes in working capital 114 -99 Cash flow from operating activities 1,282 1,150 Cash flow from investing activities -1,280 -1,078 Free cash flow 2 72 In mil
Slide 18: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,060 5,652 5,262 5,075 5,115 4,691 4,836 4,289 4,263 4,262 3,572 3,762 83% 88% 3,221 3,037 2,978 3,080 2,882 2,713 71% 2,547 2,586 2,259 2,421 1,786 2,125 58% 58% 54% 55% 53% 1,853 47% 45% 46% 34% 32% 831 635 684 526 377 18% 15% 2002/03 2003/04 2004/05 2
Slide 19: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,627 -669 710 Committed lines -907 414 Financial assets -948 503 Cash In millions of euros -90 as of 2017/03/31 2016/17 2017/18 2018/19 2019/20 2020/21 voestalpine AG 19 | June, 2017 | Investor Relations
Slide 20: Outlook
voestalpine GROUP OUTLOOK » Worldwide growth gaining momentum, but political threats rising » Impact of US economic policy on global trade flows hard to predict » Growth driven by Asia – foremost China, enhanced support from Europe » After long-lasting recession in Brazil & Russia first cautious sig
Slide 21: 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