Voestalpine Ag · VIE:VOE
Voestalpine — Non-Deal Roadshow (June 2024)
32 slides from Voestalpine's roadshow presentation, June 2024
Slide 1: Introducing voestalpine's Green Financing Framework
introducing voestalpine´s Green Financing Framework Non-deal related roadshow, June 2024 www.voestalpine.com
Slide 2: Green Financing Framework Executive Summary
GREEN FINANCING FRAMEWORK EXECUTIVE SUMMARY » voestalpine operates a unique business model combining the production and processing of steel and metallic materials. » Reducing CO2 in the steel industry is a main contribution to a sustainable future. voestalpine is currently carrying out Austria‘s lar
Slide 3: Agenda
AGENDA 1 voestalpine at a glance 2 voestalpine sustainability strategy 3 greentec steel project 4 Green Financing Framework 5 key credit highlights 3 | June 2024 | Green Financing Framework
Slide 4: Leading steel & technology group: business profile
voestalpine at a glance BUSINESS PROFILE » voestalpine operates a unique business model combining the production and processing of steel and metallic materials. leading steel & technology group » The company's growth is driven by innovation and long-term trends. We accompany these growth trends worl
Slide 5: Global footprint
voestalpine at a glance GLOBAL FOOTPRINT REVENUE BY REGION REVENUE BY INDUSTRIES ~500 GROUP COMPANIES AND LOCATIONS IN MORE THAN 50 COUNTRIES AND Percentage of revenue based on annual report 2024/03/31 ACCROSS 6 CONTINENTS, OVER 51,000 EMPLOYEES 5 | June 2024 | Green Financing Framework
Slide 6: On the way to decarbonize
voestalpine at a glance ON THE WAY TO DECARBONIZE Iron and steel represents a major part of voestalpine is paving the way for the decarbonization of the global industry GHG emissions sector » An ambitious net zero by 2050 roadmap » A step-by-step decarbonization plan » An open-technological approach
Slide 7: Agenda
AGENDA 1 voestalpine at a glance 2 voestalpine sustainability strategy 3 greentec steel project 4 Green Financing Framework 5 key credit highlights 7 | June 2024 | Green Financing Framework
Slide 8: Strategy 2030+: CSR is an integral part of our strategy
voestalpine strategy 2030+ CSR IS AN INTEGRAL PART OF OUR STRATEGY GLOBAL MEGATRENDS Geopolitical uncertainty, (de)globalization & Safeguards trade barriers future economic viability Climate change, sustainability & conservation of resources Challenges & & resilience opportunities STRATEGY Demograph
Slide 9: Measurable non-financial targets 2030+
voestalpine sustainability strategy MEASURABLE NON-FINANCIAL TARGETS 2030+ WB2° trajectory evaluated and validated by SBTi 2019 -30% CO2 by 2029 9 | June 2024 | Green Financing Framework
Slide 10: Clear commitment to global climate goals
voestalpine sustainability strategy CLEAR COMMITMENT TO GLOBAL CLIMATE GOALS » Global benchmark in terms of climate and environment » EUR 2.4 billion in environmental expenditure over 10 years » Listing in the FTSE4 Good Index family » Production of the first CO2-reduced premium steel Since 1990 voe
Slide 11: ESG profile
voestalpine sustainability strategy ESG PROFILE A S Listing Listing v A- C B O B- R C E C- * D D- S v TOP S v C C O O R R E E * * 11 | June 2024 | Green Financing Framework * compared to industry
Slide 12: Agenda
AGENDA 1 voestalpine at a glance 2 voestalpine sustainability strategy 3 greentec steel project 4 Green Financing Framework 5 key credit highlights 12 | June 2024 | Green Financing Framework
Slide 13: Greentec steel project: a step-by-step approach (1/2)
greentec steel project A STEP-BY-STEP APPROACH (1/2) Base Year 2019 As of today By 2030 decarbonized no material S1 & S2 emissions decarbonized no material S1 & S2 emissions Already 52% of the activity with no material Scope 1 (S1) and 2 2 Blast Furnaces are replaced by 2 Electric Arc Furnaces leadi
Slide 14: Greentec steel project: a step-by-step approach (2/2)
greentec steel project A STEP-BY-STEP APPROACH (2/2) By 2035 ongoing R&D By 2050 projects: decarbonized no material S1 and S2 emissions decarbonized no material S1 and S2 emissions The final Blast Furnace is replaced by the most sophisticated 4 Blast Furnaces are replaced by 3 Electric Arc Furnaces
Slide 15: Greentec steel project: R&D projects
greentec steel project R&D-PROJECTS H2FUTURE + Follow Up » Pilot plant for CO2-free production of hydrogen in the steel industry » Tests running successfully, plant efficiency > 80%. SuSteel » Direct CO2-free steel production with hydrogen plasma melt reduction » Demonstration plant in Donawitz Hyfo
Slide 16: Agenda
AGENDA 1 voestalpine at a glance 2 voestalpine sustainability strategy 3 greentec steel project 4 Green Financing Framework 5 key credit highlights 16 | June 2024 | Green Financing Framework
Slide 17: A best-in-class framework
Green Financing Framework A BEST-IN-CLASS FRAMEWORK To deliver the medium-term plan that will help voestalpine remain at the forefront of steel decarbonisation, the Group has structured a best-in-class Framework The Green Financing Framework is in line with the pillars oo y’s has assessed a SQS 2 (v
Slide 18: Green Financing Framework key takeaways
Green Financing Framework KEY TAKEAWAYS 1 Use of proceeds 3 Management of proceeds - Use of Proceeds shall be limited to projects in the below eligible - Group Treasury department ensures operationally, that at any time categories : the portfolio of Green Eligible Projects exceeds, or is at least eq
Slide 19: Use of proceeds categories
Green Financing Framework USE OF PROCEEDS CATEGORIES Asset Register currently > EUR 2.5bn Category SDG Criteria Illustrative allocation* MANUFACTURE EUT SCC criteria OF STEEL market-based 79% criteria 21% CLEAN EUT SCC criteria TRANSPORTATION 1% RENEWABLE EUT SCC criteria ENERGY * Non-binding estima
Slide 20: Focus on steel manufacturing criteria
Green Financing Framework FOCUS ON STEEL MANUFACTURING CRITERIA The coexistence of the two sets of Eligibility Criteria is a pragmatic approach, based on the over-performance of relevant carbon intensity benchmarks, to take into account the parts of the steel value chain where the Substantial Contri
Slide 21: Governance and reporting
Green Financing Framework GOVERNANCE AND REPORTING Green Finance Committee 1 Allocation Reporting 2 Impact Reporting For every 12-month period […]until the maturity of the on s, […] voestalpine undertakes to prepare and publish an annual Green Financing Report on its website to enable investors or l
Slide 22: Agenda
AGENDA 1 voestalpine at a glance 2 voestalpine sustainability strategy 3 greentec steel project 4 Green Financing Framework 5 key credit highlights 22 | June 2024 | Green Financing Framework
Slide 23: Group financing portfolio
voestalpine GROUP FINANCING PORTFOLIO The financing strategy of voestalpine focuses on a Instrument Volume €m Maturity well balanced financial structure using a broad Schuldscheindarlehen 283 various range of financing instruments! Senior Bonds 1000 2024, 2026 7% Convertible Bond 250 2028 19% Commit
Slide 24: Group development: gearing ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO Figures in millions of euros as of 2024/03/31 7686 7500 7069 6710 6554 6060 5652 5615 5650 67% 3775 3080 2995 3125 3221 55% 53% 2743 47% 49% 2291 46% 1661 1651 32% 22% 22% 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Net De t (€
Slide 25: Group development: net debt / EBITDA
voestalpine GROUP DEVELOPEMENT NET DEBT / EBITDA Figures in millions of euros as of 2024/03/31 4,2 3775 3,7 3221 3125 3,2 3080 2995 3,2 2743 2,7 2291 2545 2,4 2291 2,2 2,1 1954 2,0 1651 1,7 1,9 1583 1661 1666 * 1541 1565 1,5 1,2 1182 1148 1,0 1,0 0,7 0,7 0,2 -0,3 2015/16 2016/17 2017/18 2018/19 2019
Slide 26: Group liquidity and redemption schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE LIQUIDITY REDEMPTION 2812 1000 Committed lines 663 Financial assets 1109 1149 Cash 503 549 213 2 Liquidity 2024/25 2025/26 2026/27 2027/28 further Figures in millions of euros as of 2024/03/31 26 | June 2024 | Green Financing Framework
Slide 27: Summary & outlook
voestalpine GROUP SUMMARY & OUTLOOK WB2° trajectory validated by SBTi Decarbonization will require green CAPEX Strong balance sheet and credit history EUR 500mn bond maturing in September ´24 Update of Debt Issuance Programme Non-deal related virtual roadshow: o 25. June 2024 o 27. June 2024 27 | Ju
Slide 28: Invitation to virtual roadshow / small group investor calls
voestalpine GROUP Invitation to Virtual Roadshow / Small Group Investor Calls - COORDINATOR DAY 1 25. June 2024 DAY 2 27. June 2024 ESG Syndicate o Harpreet Parhar, Head of ESG Syndicate Sustainable Banking Slot 1: 11:00 - 11:45 CET Slot 1: 11:00 - 11:45 CET o o Elena Burdykina, Executive Director R
Slide 29: Thank you!
Thank you! Gerald Mayer Monika Aschenbrenner Dino Malkic CFO Head of Sustainability Funding Manager 29 | June 2024 | Green Financing Framework
Slide 30: Annex
Annex www.voestalpine.com
Slide 31: Focus on voestalpine reporting
Green Financing Framework FOCUS ON VOESTALPINE REPORTING Allocation reporting Impact reporting* voestalpine will produce an annual report on the allocation of Manufacture of steel the proceeds of its Green Financing. • Greenhouse gas emissions intensity (tCO2e/ton product) • Annual absolute gross gr
Slide 32: Disclaimer
Disclaimer This document is intended to provide non-exhaustive, general information. This document may contain public information not separately reviewed, approved or endorsed by voestalpine and accordingly, no representation, warranty or undertaking, express or implied, is made and no responsibilit