Voestalpine Ag · VIE:VOE
Voestalpine — Q1 2020/21 Earnings Presentation
16 slides from Voestalpine's earnings presentation, August 2020
Slide 1: Business Year 2020/21 1st Quarter
BUSINESS YEAR 2020/21 1 QUARTER st Investor Relations AUGUST 2020 voestalpine AG www.voestalpine.com
Slide 2: Current Management Focus
voestalpine GROUP CURRENT MANAGEMENT FOCUS » Clear focus on cost- and efficiency programs » Short-term work as response to temporary demand fluctuations » Capacity adjustments in Kapfenberg, Austria due to structural weaknesses (oil & gas, aviation) » Comprehensive restructuring at Buderus plant in
Slide 3: Business Environment Q1 BY 2020/21
voestalpine GROUP BUSINESS ENVIRONMENT Q1 BY 2020/21 » Q1 2020/21 determined by global spread of COVID-pandemic » Strong recovery tendencies in China due to fast containment of COVID-19 and broad- based implementation of infrastructure projects » With some delay rebound also in North America and Eur
Slide 4: Development of Divisions
DEVELOPMENT OF DIVISIONS Q1 BY 2020/21 voestalpine AG 4 | August 2020 | Investor Relations
Slide 5: Steel Division Business Development
STEEL DIVISION BUSINESS DEVELOPMENT Q1 BY 2020/21 » Step-by-step recovery of order intake after €m Q1 Q2 Q3 Q4 Q1 Delta COVID-lockdown 19/20 19/20 19/20 19/20 20/21 in % » Above all automotive industry with pronounced Revenue 1,182 1,139 1,098 1,151 835 -29.4 improvement EBITDA 151 110 97 137 68 -54
Slide 6: High Performance Metals Division Business Development
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT Q1 BY 2020/21 » Uneven developments in specific customer Q1 Q2 Q3 Q4 Q1 Delta €m segments 19/20 19/20 19/20 19/20 20/21 in % » Longer-lasting weaknesses in oil & gas as well as in Revenue 778 723 676 715 527 -32.2 aviation » Continuously low CAPE
Slide 7: Metal Engineering Division Business Development
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT Q1 BY 2020/21 » COVID-19 with fairly limited impact on railway Q1 Q2 Q3 Q4 Q1 Delta €m systems 19/20 19/20 19/20 19/20 20/21 in % » Project activities in Europe, China & Brazil Revenue 779 759 708 697 669 -14.1 unabated satisfactory » Slowing order int
Slide 8: Metal Forming Division Business Development
METAL FORMING DIVISION BUSINESS DEVELOPMENT Q1 BY 2020/21 » Pick-up of automotive industry after Q1 Q2 Q3 Q4 Q1 Delta €m comprehensive shutdowns 19/20 19/20 19/20 19/20 20/21 in % » In China, restart of production already in Q4 19/20, Revenue 738 716 667 718 456 -38.2 Europe and US following in May
Slide 9: Financial Overview
FINANCIAL OVERVIEW Q1 BY 2020/21 voestalpine AG 9 | August 2020 | Investor Relations
Slide 10: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1 BY 2019/20 Q1 BY 2020/21 Delta 2019/04/01-2019/06/30 2020/04/01-2020/06/30 % Revenue 3,336 2,397 -28.1 EBITDA 371 158 -57.5 EBITDA margin 11.1 % 6.6 % EBIT 157 -49 -131.1 EBIT margin 4.7 % -2.0 % Profit before tax 124 -74 -159.8 Profit after tax* 90 -70 -177.1
Slide 11: Development EBIT
voestalpine GROUP DEVELOPMENT EBIT Q1 BY 2020/21 157 EBIT 46 4.7 % -49 EBIT -151 152 -2.0 % -253 Q1 BY Price Raw Mix/ Misc. Q1 BY 2019/20 Materials Volume 2020/21 In millions of euros voestalpine AG 11 | August 2020 | Investor Relations
Slide 12: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1 BY 2019/20 Q1 BY 2020/21 2019/04/01-2019/06/30 2020/04/01-2020/06/30 Cash flow from results 317 124 Changes in working capital -403 -158 Cash flow from operating activities -86 -34 Cash flow from investing activities -248 -162 Free cash flow -334 -196 In mi
Slide 13: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,710 6,554 6,060 5,652 5,615 5 517 5,262 5,075 5,115 4,289 4,263 4,691 4,836 4,262 83% 88% 3 956 3,572 3,775 3,762 71% 2,713 72% 2,978 3,221 3,125 2,882 3,037 2,586 3,080 2,995 67% 1,786 2,547 58% 2,259 2,421 58% 54% 55% 53% 2,125 47% 1,853 45% 46% 46% 4
Slide 14: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,573 -122 780 Committed lines 131 Financial assets -733 -88 662 Cash -422 Q1 BY 2020/210 2020/21 2021/22 2022/23 2023/24 In millions of euros as of 2020/06/30 voestalpine AG 14 | August 2020 | Investor Relations
Slide 15: Outlook BY 2020/21
voestalpine GROUP OUTLOOK BY 2020/21 » Incremental recovery of order intake in Q2 20/21 » General positive performance only mitigated by summer seasonality and protracted development in HPM Division » Further upward trend in H2 20/21 expected » Automotive and consumer goods main drivers » Prolonged
Slide 16: 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