Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — FY2023 Earnings Presentation
16 slides from Kloeckner &'s earnings presentation, Mar 13, 2024
Slide 1: Your partner for a sustainable tomorrow – Press Conference
Your partner fora sustainable tomorrow Press Conference March 13, 2024 Guido Kerkhoff | CEO Dr. Oliver Falk | CFO
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements which reflect the current views of the management of Klockner & Co SE with respect to future events. They generally are designated by the words “expect”, “assume”, “presume”, “intend”, “estimate”, “strive for”, “aim for”, “plan”, “will
Slide 3: Agenda
AGENDA 1. Highlights and update on strategy 2. Financials 3. Outlook 3 Kldckner & Co SE | FY 2023 Results | Press Conference
Slide 4: Highlights of FY 2023
HIGHLIGHTS OF FY 2023 Shipments (Tto) 4,248 Sales (€m) 6,957 Gross profit (€m) 1,157 EBITDA‘) (€m) 190 Oper. CF (€m) 287 oe debt 775 Dividend per share" (€) 0.20 FY 2022" 4,193 8,337 1,328 355 360 584 0.40 Delta 41.3% -16.6% -12.8% -165 +191 Increase yoy driven by strong development of Kloeckner Met
Slide 5: Strengthening focus on higher value-added business and core markets
STRENGTHENING FOCUS ON HIGHER VALUE-ADDED BUSINESS AND CORE MARKETS Lowering complexity, increasing resilience and profitability: Sold parts of the low margin distribution business in Europe (~10% of Sales but ~20% of FTEs) Closed and integrated value accretive growth platform NMM Acquired highly pr
Slide 6: Lowering complexity, increasing resilience and profitability
LOWERING COMPLEXITY, INCREASING RESILIENCE AND PROFITABILITY Sale of distribution business in France, the UK, Sales split by regions after sale the Netherlands and Belgium to strengthen focus on HVAB = Transaction significantly reduces our dependence on volatile commodity markets = Country organizat
Slide 7: Leading the sustainability transformation of the steel industry
LEADING THE SUSTAINABILITY TRANSFORMATION OF THE STEEL INDUSTRY kloeckner takes action 2040 SCOPE1&2 OWN DIRECT AND INDIRECT EMISSIONS 50% reduction by 2030 Net zero by 2040 7 KlGckner & Co SE | FY 2023 Results| Press Conference Capitalizing on sustainable business opportunities = Intending to expan
Slide 8: Agenda
AGENDA 1. Highlights and update on strategy 2. Financials 3. Outlook 8 KlGckner & Co SE | FY2023 Results| Press Conference
Slide 9: Solid operating performance and positive cash generation
SOLID OPERATING PERFORMANCE AND POSITIVE CASH GENERATION Our net working capital management 1,696 2 64 om “ 8 oi Q4 2022 Q12023 Q2 2023 Q3 2023 Q4 2023 Hl HRC US in USD (indicative) Il EBITDA before material special effects in€m HRC Europe in € (indicative) ME NW in€m Operating cash flow in€m 9 KlGc
Slide 10: Shipments, sales and gross profit
SHIPMENTS, SALES AND GROSS PROFIT Shipments & Sales Gross profit & Gross margin 1,840 311 4.2022 Q12023 Q2 2023 Q3 2023 4 2023 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 IM Shipments (Tto) Il Sales (€m) IM Grossprofit (€m) lll Gross margin (%) 10 KlGckner & Co SE | FY2023 Results| Press Conference
Slide 11: Solid EBITDA performance despite challenging market environment
= Solid EBITDA-performance despite challenging market environment EBITDA” Volume Price opex x EBITDA Material «EBITDA = Generated EBITDA before material special effects of €17m Q42022 effect effect Q4 2023 special Q4 2023 in Q4 2023 and €190m in FY 2023 effects reported = Positive volume effect of €
Slide 12: Cash flow and net debt development
CASH FLOW AND NET DEBT DEVELOPMENT Cash flow FY 2023 (€m) 251 EBITDA Change Interest Taxes Other Cashflow Net Acqui- Free cash FY 2023 in NWC from CAPEX sitions flow FY reported operating 2023 activities Net financial debt 12.2022 vs 12.2023 (€m) Netdebt Freecash Transfer Net debt 12.2022 flow held
Slide 13: Agenda
AGENDA 1. Highlights and update on strategy 2. Financials 3. Outlook 13 KlGckner & Co SE | FY 2023 Results| Press Conference
Slide 14: Region specific business outlook 2024
REGION SPECIFIC BUSINESS OUTLOOK 2024 mia 8 O O © =-29 413% ° ay — wl L ae T! |} Saar = Real steel Construction Manufacturing, Transportation Household & Energy demand industry machinery & mechanical Commercial industry engineering Appliances Foe OO O O © ©
Slide 15: Outlook
OUTLOOK Q1 I " Considerable increase of Shipments and Sales expected (qoq) = EBITDA before material special effects expected to increase very considerably qoq; expectation 2024 of €30-70m before material special effects | = Shipments and Sales expected to increase considerably yoy FY = EBITDA before
Slide 16: Financial calendar
kléckner & Your partner for a =] FINANCIAL CALENDAR ockner & CO sustainable tomorrow ] © May7,2024 Q1 quarterly statement 2024 Christian Pokropp May 23, 2024 Head of Corporate Communication | Annual General Meeting 2024 Head of Group HR & +49 203 307-2050 August 1, 2024 & christian.pokropp@kloeckner