Voestalpine Ag · VIE:VOE
Voestalpine — 22nd German Corporate Conference 2023
19 slides from Voestalpine's conference presentation, Jan 17, 2023
Slide 1: 22nd German Corporate Conference
22 GERMAN CORPORATE ND CONFERENCE Investor Relations JANUARY 2023 voestalpine AG www.voestalpine.com
Slide 2: voestalpine Group Development BY 2022/23
voestalpine GROUP DEVELOPMENT 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 strong demand
Slide 3: Development of Divisions
DEVELOPMENT OF DIVISIONS voestalpine AG 3 | January 2023 | Investor Relations
Slide 4: Steel Division Business Development
STEEL DIVISION BUSINESS DEVELOPMENT » European steel market in general » Volatile business environment in European steel sector after start of war in Ukraine » Capacity curtailments of European steel mills helped balancing the market » Strong destocking trends towards end of calendar year 2022 » voe
Slide 5: Steel Division Financial Figures Published to Date (H1 BY 22/23)
STEEL DIVISION FINANCIAL FIGURES PUBLISHED TO DATE (H1 BY 2022/23) Q1 Q2 H1 H1 Delta €m 22/23 22/23 22/23 21/22 in % Revenue 1,826 1,611 3,438 2,468 +39.3 EBITDA 527 270 796 488 +63.1 EBITDA-% 28.8% 16.7% 23.2% 19.8% EBIT 462 204 666 357 +86.8 EBIT-% 25.3% 12.7% 19.4 % 14.5% voestalpine AG 5 | Janua
Slide 6: High Performance Metals Division Business Development
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT » Strong demand for special materials » Ongoing upward trend in aerospace business » Strong demand from oil & gas sector » Largely solid development in tool steel » E-mobility driving demand in automotive » Somewhat weaker demand in consumer good
Slide 7: High Performance Metals Division Financial Figures (H1 BY 2022/23)
HIGH PERFORMANCE METALS DIVISION FINANCIAL FIGURES PUBLISHED TO DATE (H1 BY 2022/23) Q1 Q2 H1 H1 Delta €m 22/23 22/23 22/23 21/22 in % Revenue 959 921 1,880 1,426 +31.9 EBITDA 146 101 247 192 +28.8 EBITDA-% 15.2% 10.9% 13.1% 13.4% EBIT 108 -111 -4 112 EBIT-% 11.2% -12.1% -0.2% 7.9% voestalpine AG 7
Slide 8: Metal Engineering Division Business Development
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT » Very solid business environment for Railway Systems » Rail deliveries in European core markets on high level » Good demand for turnout systems globally » Continuation of trends in Industrial Systems business » Tubulars: strong demand from OCTG sector
Slide 9: Metal Engineering Division Financial Figures (H1 BY 2022/23)
METAL ENGINEERING DIVISION FINANCIAL FIGURES PUBLISHED TO DATE (H1 BY 2022/23) Q1 Q2 H1 H1 Delta €m 22/23 22/23 22/23 21/22 in % Revenue 1,042 1,076 2,118 1,615 +31.2 EBITDA 121 121 242 200 +21.1 EBITDA-% 11.6% 11.2% 11.4% 12.4% EBIT 77 77 154 111 +38.2 EBIT-% 7.4% 7.1% 7.2% 6.9% voestalpine AG 9 |
Slide 10: Metal Forming Division Business Development
METAL FORMING DIVISION BUSINESS DEVELOPMENT » Continued trends in Automotive Components business » Volatile call offs in Europe » Somewhat better development in North America, solid performance in China despite lockdowns » Mixed developments in Tubes and Sections business » Demand from building indu
Slide 11: Metal Forming Division Financial Figures (H1 BY 2022/23)
METAL FORMING DIVISION FINANCIAL FIGURES PUBLISHED TO DATE (H1 BY 2022/23) Q1 Q2 H1 H1 Delta €m 22/23 22/23 22/23 21/22 in % Revenue 1,039 971 2,010 1,617 +24.3 EBITDA 114 85 199 191 +4.2 EBITDA-% 11.0% 8.8% 9.9% 11.8% EBIT 78 48 126 118 +6.9 EBIT-% 7.5% 5.0% 6.3% 7.3% voestalpine AG 11 | January 20
Slide 12: Financial Overview: Key Figures Published to Date H1 BY 2022/23
FINANCIAL OVERVIEW KEY FIGURES PUBLISHED TO DATE H1 BY 2022/23 voestalpine AG 12 | January 2023 | Investor Relations
Slide 13: voestalpine Group Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW H1 BY 2021/22** H1 BY 2022/23 Delta 2021/04/01-2021/09/30 2022/04/01-2022/09/30 % Revenue 6,806 9,295 +36.6 EBITDA 1,018 1,446 +42.0 EBITDA margin 15.0% 15.6% EBIT 638 898 +40.7 EBIT margin 9.4% 9.7% Profit before tax 599 846 +41.2 Profit after tax from continuin
Slide 14: YoY Development EBITDA H1 BY 2022/23
voestalpine GROUP YoY DEVELOPMENT EBITDA H1 BY 2022/23 1 744 1 446 1 018 -1 302 -27 13 EBITDA- EBITDA- margin margin 15.6 % 15.0 % H1 BY Price Raw Mix/ Misc. H1 BY 2021/22 Materials Volume 2022/23 In millions of euros voestalpine AG 14 | January 2023 | Investor Relations
Slide 15: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW H1 BY 2021/22 H1 BY 2022/23 2021/04/01-2021/09/30 2022/04/01-2022/09/30 Cash flow from results 895 1,180 Changes in working capital -523 -1,499 Cash flow from operating activities 372 -319 Cash flow from investing activities -253 430 Free cash flow 119 111 In
Slide 16: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 7,533 7,069 6,554 6,710 88% 6,060 83% 5,652 5,615 5,650 5,075 5,262 5,115 4,691 4,836 4,263 4,262 67% 4,289 3,572 71% 58% 3,762 55% 53% 3,775 49% 58% 46% 3,080 2,995 2,882 3,037 54% 3,221 3,125 2,978 2,743 1,786 2,547 2,713 2,586 45% 2,465 47% 2,421 47% 2
Slide 17: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,792 -80 -236 1,000 Committed lines 143 Financial assets 649 Cash -1,013 -222 H1 BY 2022/23 2022/23 2023/24 2024/25 2025/26 In millions of euros voestalpine AG 17 | January 2023 | Investor Relations
Slide 18: Outlook for Remaining BY 2022/23
voestalpine GROUP OUTLOOK FOR REMAINING BY 2022/23 » Very recently, recession fears diminished somewhat after leading indicators stayed relatively resilient » Nevertheless, slowdown of economy in Europe and North America expected » Brazil expected do develop roughly stable and Chinese economy expect
Slide 19: 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