Slide 1: Business Year 2016/17 2nd Quarter, 1st Half
Business Year 2016/17 2 Quarter, 1 Half nd st Investor Relations November 2016 voestalpineAG voestalpine AG www.voestalpine.com
Slide 2: voestalpine Group Overview
voestalpine Group Overview voestalpine - a leading technology and capital goods group 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
Slide 3: Global footprint
voestalpine Group Global footprint Revenue by regions (Business year 2015/16) One Group – 500 sites – 50 countries – 5 continents Revenue by industries (Business year 2015/16) MOBILITY: 48% voestalpine AG 3 | November 2016 | Investor Relations
Slide 4: Business development
voestalpine Group Business development H1 BY 2016/17 Significant upturn in Q2 2016/17 after restrained earnings development in Q1 Despite uncertainty of “BREXIT” and further political threats continuation of moderate growth path in Europe Private consumption supporting economic development, un
Slide 5: Key Figures
voestalpine Group Key Figures H1 BY 2016/17 REPORTED FIGURES CLEAN FIGURES H1 H1 Delta H1* H1* Delta €m 2015/16 2016/17 in % 2015/16 2016/17 in % Sales 5,787 5,408 -6.5 5,787 5,408 -6.5 EBITDA 892 705 -21.0 755 705 -6.6 EBITDA-% 15.4% 13.0% 13.0% 13.0% EBIT 575 369 -35.9 450 376 -16.3 EBIT-% 9.9% 6.
Slide 6: Group Q1 vs. Q2 BY 2016/17 on clean basis
voestalpine Group voestalpine Group Q1 vs. Q2 BY 2016/17 on clean basis Q1 Q2 Q1 Q2 Delta €m 2015/16 2015/16 2016/17 2016/17 in % Sales 3,002 2,785 2,772 2,635 -4.9 voestalpine Group EBITDA 389 366 334 371 +11.1 EBITDA-% 13.0% 13.1% 12.0% 14.1% EBIT 237 213 172 205 +19.5 EBIT-% 7.9% 7.6% 6.2% 7.8% v
Slide 7: One-off-effects on EBIT level
voestalpine Group One-off-effects on EBIT-level BY 15/16 BY 16/17 Changes of consolidation in Seamless Tubes Q1 Q2 Q3 Q4 Q1 Q2 and Turnout System units in BY 2015/16 According to IFRS-regulations sale & purchase of shares: Sale: Sale at market value, difference to book value effective in Q1 in €m Pu
Slide 8: Steel Division
Steel Division Business development H1 BY 2016/17 Strong order intake for high quality steel in Europe Q1 Q2 Delta H1 H1 Delta €m Nevertheless abating European crude steel production due to 16/17 16/17 in % 15/16 16/17 in % strong imports Significant upturn of earnings in Q2 2016/17 after subd
Slide 9: Special Steel Division
Special Steel Division Business development H1 BY 2016/17 Stable development in automotive & consumer goods Q1 Q2 Delta H1 H1 Delta €m demand as basis for overall solid tool steel performance 16/17 16/17 in % 15/16 16/17 in % Strong impulses from aviation industry Sales 667 639 -4.2 1,369 1,306
Slide 10: Metal Engineering Division
Metal Engineering Division Business development H1 BY 2016/17 Q1 Q2 Delta H1 H1 Delta €m Solid business environment in railway infrastructure 16/17 16/17 in % 15/16 16/17 in % Investments in European railway market stable on high level Sales 680 652 -4.2 1,525 1,333 -12.6 Unchanged healthy dem
Slide 11: Metal Forming Division
Metal Forming Division Business development H1 BY 2016/17 Continuing positive development in Automotive Components €m Q1 Q2 Delta H1 H1 Delta business 16/17 16/17 in % 15/16 16/17 in % Auto sales figures further rising in Europe Sales 616 572 -7.1 1,106 1,188 +7.4 Solid demand of European tran
Slide 12: Financial overview
Financial overview H1 BY 2016/17 voestalpineAG voestalpine AG www.voestalpine.com
Slide 13: Financial overview
voestalpine Group Financial overview REPORTED FIGURES CLEAN FIGURES H1 BY 2015/16 H1 BY 2016/17 H1 BY 2015/16* H1 BY 2016/17* Delta (%) Delta (%) 01.04.2015 – 30.09.2015 01.04.2016 – 30.09.2016 01.04.2015 – 30.09.2015 01.04.2016 – 30.09.2016 Sales €m 5,787 5,408 -6.5 5,787 5,408 -6.5 EBITDA €m 892 7
Slide 14: Financial overview: capex, equity, net debt, gearing
voestalpine Group Financial overview H1 BY 2015/16 H1 BY 2016/17 01.04.2015 – 30.09.2015 01.04.2016 – 30.09.2016 Delta (%) *) Fixed assets and CAPEX* €m 647 471 -27.3 acquisitions Depreciation €m 317 336 +6.0 Equity €m 5,524 5,611 +1.6 Net Financial Debt €m 3,153 3,370 +6.9 Gearing % 57.1 60.1 Struc
Slide 15: Development EBIT
voestalpine Group Development EBIT 575 €m 450 €m 162 €m 376 €m 369 €m Reported -125 €m Clean EBIT -36 €m 0 €m EBIT -7 €m 9.9% 7.8 % Clean Reported -200 €m EBIT EBIT 7.0% 6.8% H1 BY One-off H1 BY Price Raw Mix/ Misc. H1 BY One-off H1 BY 2015/16 effects Materials Volume effects 2015/16 2016/17 2016/17
Slide 16: Development cash flow
voestalpine Group Development cash flow H1 BY 2015/16 H1 BY 2016/17 01.04.2015 – 30.09.2015 01.04.2016 – 30.09.2016 €m €m Cash flow from results 590 566 Changes in working capital -42 -116 Cash flow from operating activities 548 450 Cash flow from investing activities -665 -535 Free cash flow -117 -
Slide 17: Development gearing ratio
voestalpine Group Development gearing ratio voestalpine AG 17 | November 2016 | Investor Relations
Slide 18: Liquidity and redemption schedule per 30.09.2016
voestalpine Group Liquidity and redemption schedule per 30.09.2016 in €m Liquidity Redemption 1,644 711 Committed lines Financial assets Cash per 30 September 2016 voestalpine AG 18 | November 2016 | Investor Relations
Slide 19: Outlook CY 2016
voestalpine Group Outlook CY 2016 Near-term global recovery unlikely „Brexit“ & crisis in Turkey/Near-/Mid-East putting brakes on broader economic upturn Nevertheless continuation of moderate upward trend in EU Receding momentum in the US Recovery in Brazil after change in political leader
Slide 20: IR Contact
IR Contact Peter Fleischer Head of Investor Relations Reuters E-Mail peter.fleischer@voestalpine.com VOES.VI Phone +43/50304/15-9949 Gerald Resch Bloomberg Investor Relations Manager VOE AV E-Mail gerald.resch@voestalpine.com Phone +43/50304/15-3152 voestalpineAG voestalpine AG www.voestalpine.com