Slide 1: Business Year 2019/20, 2nd Quarter, 1st Half
BUSINESS YEAR 2019/20 2 QUARTER, 1 HALF ND ST Investor Relations NOVEMBER 2019 voestalpine AG www.voestalpine.com
Slide 2: Business Model
voestalpine GROUP BUSINESS MODEL voestalpine combines material and processing expertise in one group Our products are high-tech materials as well as components and system solutions based on steel and other metals We focus on markets with highest requirements on quality and innovative technological s
Slide 3: Global Footprint
voestalpine GROUP GLOBAL FOOTPRINT Revenue by regions - Business year 2018/19 One Group – 500 sites – 50 countries – 5 continents European Union 65% (66%) USMCA 16% (14%) Asia 8% (8%) Rest of world 8% (8%) South America 3% (4%) (figures 2017/18) Revenue by industries - Business year 2018/19 Automoti
Slide 4: Company Structure and Market Position
voestalpine GROUP COMPANY STRUCTURE AND MARKET POSITION voestalpine Group (Revenue in BY 2018/19) 35% 22% 22% 21% Steel High Performance Metals Metal Engineering Metal Forming Division Division Division Division Worldwide quality leadership Global leadership Global leadership Global leadership Globa
Slide 5: Business Development
voestalpine GROUP BUSINESS DEVELOPMENT H1 BY 2019/20 » Global trade conflicts negatively affecting economic developments worldwide » Export-oriented industries in Europe with fading momentum » Trade war with US weighing on consumer confidence in China » Unchanged positive consumer behavior in the US
Slide 6: Steel Division Business Development H1 BY 2019/20
STEEL DIVISION BUSINESS DEVELOPMENT H1 BY 2019/20 » Extremely challenging environment in European steel Q1 Q2 H1 H1 Delta €m sector 19/20 19/20 19/20 18/19 in % » Receding steel prices despite increasing input costs from iron ore Revenue 1,182 1,139 2,321 2,416 -3.9 » Unchanged strong import pressur
Slide 7: High Performance Metals Division Business Development H1 BY 2019/20
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT H1 BY 2019/20 » Tool steel business affected by declining demand €m Q1 Q2 H1 H1 Delta and increasing price pressure 19/20 19/20 19/20 18/19 in % » Trade barriers causing uncertainty in many industries Revenue 778 723 1,501 1,546 -2.9 » Capex post
Slide 8: Metal Engineering Division Business Development H1 BY 2019/20
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT H1 BY 2019/20 » Railway Systems with unchanged positive performance Q1 Q2 H1 H1 Delta €m » Rails: satisfactory demand in major market Europe, price 19/20 19/20 19/20 18/19 in % upturn lagging behind cost increase from raw materials Revenue 779 759 1,53
Slide 9: Metal Forming Division Business Development H1 BY 2019/20
METAL FORMING DIVISION BUSINESS DEVELOPMENT H1 BY 2019/20 » Performance in Automotive Components business Q1 Q2 H1 H1 Delta €m negatively affected by internal & external elements 19/20 19/20 19/20 18/19 in % » Still elevated cost burden from start-up of automotive component plant in Cartersville, US
Slide 10: Financial Overview
FINANCIAL OVERVIEW H1 BY 2019/20 voestalpine AG 10 | November, 2019 | Investor Relations
Slide 11: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW H1 BY 2018/19 H1 BY 2019/20 Delta 2018/04/01-2018/09/30 2019/04/01-2019/09/30 % Revenue 6,674 6,542 -2.0 EBITDA 860 666 -22.6 EBITDA margin 12.9% 10.2% EBIT 480 230 -52.1 EBIT margin 7.2% 3.5% Profit before tax 422 163 -61.4 Profit after tax* 320 115 -64.0 EPS –
Slide 12: Development EBIT
voestalpine GROUP DEVELOPMENT EBIT H1 BY 2019/20 480 0 -35 230 EBIT -154 7.2 % -61 EBIT 3.5 % H1 BY Price Raw Mix/ Misc. H1 BY 2018/19 Materials Volume 2019/20 In millions of euros voestalpine AG 12 | November, 2019 | Investor Relations
Slide 13: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW H1 BY 2018/19 H1 BY 2019/20 2018/04/01-2018/09/30 2019/04/01-2019/09/30 Cash flow from results 657 538 Changes in working capital -492 -336 Cash flow from operating activities 165 202 Cash flow from investing activities -487 -385 Free cash flow -322 -183 In mi
Slide 14: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO *Structural changes in H1 2019/20 due to IFRS 16 and call of hybrid bond 6,710 6,554 6,060 5,995* 5,652 5,262 5,075 5,115 4,289 4,263 4,691 4,836 4,503* 4,262 83% 88% 3,572 3,762 * 2,713 75% 71% 2,978 3,221 2,586 3,080 3,125 2,882 3,037 2,995 1,786 2,547
Slide 15: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,895 Hybrid Bond -500 1080 Committed lines -656 -161 502 Financial assets -687 313 Cash -84 H1 BY 2019/20 2019/20 2020/21 2021/22 2022/23 In millions of euros as of 2019/09/30 voestalpine AG 15 | November, 2019 | Investor Rela
Slide 16: Outlook
voestalpine GROUP OUTLOOK » EBITDA-expectation of 1.3bn EUR based on: » Distinctive cooling of global economy due to worldwide trade conflicts » Broader than expected downturn in automotive industry » Strong increase and high volatility of iron ore prices » Expectations for 2nd half of 2019/20 » Ear
Slide 17: 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