Slide 1: Business Year 2019/20 Press Conference
BUSINESS YEAR 2019/20 Press Conference: June 3, 2020 Welcome! voestalpine AG www.voestalpine.com
Slide 2: Environment & Highlights
BUSINESS YEAR 2019/20 ENVIRONMENT & HIGHLIGHTS voestalpine AG 2 | 06/03/2020 | Press Conference: Business Year 2019/20
Slide 3: Economic Environment
BUSINESS YEAR 2019/2020 ECONOMIC ENVIRONMENT Europe: Weak USMCA: Economic performance of downturn during the manufacturing China/Asia: Steep business year industry downturn in growth due to trade wars Brazil: Solid development voestalpine AG 3 | 06/03/2020 | Press Conference: Business Year 2019/20
Slide 4: Challenging Economic Environment
BUSINESS YEAR 2019/20 CHALLENGING ECONOMIC ENVIRONMENT External Factors Consequences/Measures » Global economic downturn / » Impairment losses global trade wars (incl. U.S. » Programs to cut costs and boost Section 232 tariffs) efficiency » Decrease in automotive » Reduction in investments productio
Slide 5: Key Figures
BUSINESS YEAR 2019/20 KEY FIGURES » Revenue: EUR 12.7 billion (–6.2%) » EBITDA: EUR 1.2 billion (–24.5%) » EBIT: EUR –89 million (–111.4%) » Total number of employees: 49,700 (–4.3%) » Dividend: EUR 0.20* (–81.8%) *) As proposed to the Annual General Meeting voestalpine AG 5 | 06/03/2020 | Press Con
Slide 6: Steps Taken Show Results
BUSINESS YEAR 2019/20 STEPS TAKEN SHOW RESULTS » At EUR 1.2 billion, operating result (EBITDA) is clearly positive » Cash flows from operating activities rise to EUR 1.3 billion (+11.8%) » Free cash flow: EUR 588 million » Successful reduction in working capital by EUR 434 million » Available liquid
Slide 7: Financial Key Figures
BUSINESS YEAR 2019/20 FINANCIAL KEY FIGURES voestalpine AG 7 | 06/03/2020 | Press Conference: Business Year 2019/20
Slide 8: Overview of Key Figures
BUSINESS YEAR 2019/20 OVERVIEW OF KEY FIGURES In millions of euros BY 2018/19 BY 2019/20 Change (in %) Revenue 13,561 12,717 -6.2 Operating result (EBITDA) 1,565 1,182 -24.5 Profit from operations (EBIT) 779 -89 -111.4 Profit before tax (EBT) 646 -230 -135.7 Profit after tax (surplus/loss for the ye
Slide 9: Development of the Gearing Ratio
BUSINESS YEAR 2019/20 DEVELOPMENT OF THE GEARING RATIO 8000 80% 7000 6554 6710 67% 70% 71% 6060 6000 58% 54% 5652 5615 60% 58% 4836 5261 53% 5075 5115 47% 5000 4691 53% 46% 46% 50% 4262 45% 3775 4000 40% 3037 3080 3221 3125 2978 2995 3000 2713 2586 30% 2259 2421 2000 20% 1000 10% 0 0% 2009/10 2010/1
Slide 10: Highlights from the Divisions
HIGHLIGHTS FROM THE DIVISIONS voestalpine AG 10 | 06/03/2020 | Press Conference: Business Year 2019/20
Slide 11: Steel Division
STEEL DIVISION BUSINESS YEAR 2019/20 » Decline in steel prices, simultaneous increase in raw materials prices » Price/cost ratio offset in part through long-term customer relationships and countermeasures » Currently: Action package for overcoming Covid-19 crisis economically » New technology: “Smar
Slide 12: High Performance Metals Division
HIGH PERFORMANCE METALS DIVISION BUSINESS YEAR 2019/20 » Oil & natural gas / aerospace: positive performance through Q3; decline from Q4 » Decline in demand for tool steel » Visible stabilizing of market in China » Metal additive manufacturing expands globally » Construction of new special steel pla
Slide 13: Metal Engineering Division
METAL ENGINEERING DIVISION BUSINESS YEAR 2019/20 » Railway Systems » Solid order levels (esp. in Europe, China as well as Australia, India) » Second turnout system joint venture in China (entry into mass transit sector) » Successful localization in France also » Novelty worldwide: low-maintenance tr
Slide 14: Metal Forming Division
METAL FORMING DIVISION BUSINESS YEAR 2019/20 » Weak economy leads to lower revenue particularly in automotive sector » Continued robust demand for automated storage technology/ e-commerce » Example of innovation: Laser- welded multi-material special strip products for use in electronic components vo
Slide 15: Outlook Business Year 2020/21
OUTLOOK BUSINESS YEAR 2020/21 voestalpine AG 15 | 06/03/2020 | Press Conference: Business Year 2019/20
Slide 16: voestalpine Group Covid-19 Economic Crisis
voestalpine GROUP COVID-19 ECONOMIC CRISIS » Employees’ health has highest priority » Strict Group-wide hygiene and distancing rules » Incremental return to “normal operations” » Meltdown in demand in key customer segments » Rapid recovery in China » Railway systems and storage systems are stable se
Slide 17: Outlook: Key Earnings Factors
OUTLOOK BUSINESS YEAR 2020/21 KEY EARNINGS FACTORS Market environment Measures to stabilize earnings » Economic meltdown/lockdown in » Cost and working capital Q1 of business year 2020/21 management » Improvement likely in 2nd half of » Cash flow generation business year 2020/21 » Investments less t
Slide 18: Questions Welcomed from Journalists
QUESTIONS WELCOMED FROM JOURNALISTS VIA THE FOLLOWING CHANNELS PHONE PATCH FOR JOURNALISTS » +43 (0)1 928 7932 » Confirmation code: 2093683 #voestalpinemedia mediarelations@voestalpine.com voestalpine AG 18 | 06/03/2020 | Press Conference: Business Year 2019/20
Slide 19: Business Year 2019/20 Press Conference
BUSINESS YEAR 2019/20 Press Conference: June 3, 2020 voestalpine AG www.voestalpine.com