Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — Q2 2025 Earnings Presentation
27 slides from Kloeckner &'s earnings presentation, Aug 6, 2025
Slide 1: Q2 2025 Results
Q2 2025 Results Analysts’ and Investors’ Conference Call Guido Kerkhoff | CEO Dr. Oliver Falk | CFO John Ganem | Member of the Management Board August 6, 2025
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements which reflect the current views of the management of In addition to the key figures prepared in accordance with IFRS and German-GAAP respectively, Klöckner & Co SE is Klöckner & Co SE with respect to future events. They generally are d
Slide 3: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | Q2 2025 Results | Analysts’ and Investors’ Conference 3
Slide 4: Highlights of Q2 2025
Highlights of Q2 2025 Q2 2025 Q2 2024 Delta Constant level yoy; record shipments at Kloeckner Metals Americas while Shipments (Tto) 1,164 1,164 -0.0% Kloeckner Metals Europe recorded a slight decline Considerable decrease yoy despite constant shipments as a result of lower average Sales (€m) 1,643 1
Slide 5: Segment performance: Shipments in segment KM Americas on record level
Segment performance: Shipments in segment KM Americas on record level KM Americas Shipments (Tto) Sales (€m) EBITDA*) (€m) +2.8% 757 762 -8.3% 741 724 665 66 1,050 972 987 963 865 41 42 28 29 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2
Slide 6: Pressing ahead with Group strategy
Pressing ahead with Group strategy Becoming the leading service center and metal processing company North America DACH-region Expanded electrical steel capacity Integrated Ambo Stahl as planned Invested to expand electrical steel capacity to meet significant demand Conducted first investment in
Slide 7: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | Q2 2025 Results | Analysts’ and Investors’ Conference 7
Slide 8: Our net working capital management
Our net working capital management Generated strong EBITDA in the second quarter ~-7% ~1,030 Achieved EBITDA before material special effects of €65m in Q2 2025; ~960 ~930 ~-19% ~+37% a considerable increase yoy and qoq ~750 In H1 2025 EBITDA before material special effects came in at €107m; ~730
Slide 9: Shipments, sales and gross profit development
Shipments, sales and gross profit development Shipments & sales Gross profit & gross profit margin 317 320 1,765 294 1,646 1,666 1,643 262 261 1,484 1,164 1,170 1,164 1,122 1,027 19.5 19.0 17.6 16.6 15.9 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Shipments (Tto)
Slide 10: EBITDA development
EBITDA development EBITDA (€m) in Q2 2025 -8 EBITDA before material special effects in Q2 2025 of €65m -3 -3 No volume effect in Q2 as a result of stable volumes yoy 34 Positive price effect of €34m yoy 0 OPEX higher €8m yoy 65 Negative F/X effects of €3m yoy 63 Material special effects
Slide 11: Cash flow and net debt development
Cash flow and net debt development Cash flow Q2 2025 (€m) -10 EBITDA reported of €63m -11 Net working capital release by €43m 43 -10 Cash flow from operating activities of €75m -31 Net Capex of €31m 63 75 Free cash flow accordingly €44m 44 EBITDA Change in NWC Interest Taxes Other Cash flo
Slide 12: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | Q2 2025 Results | Analysts’ and Investors’ Conference 12
Slide 13: Region specific business outlook 2025
Region specific business outlook 2025 Real steel Construction Manufacturing, Transportation Household & Energy demand Industry Machinery & Commercial Industry Mech. Eng Appliances North America -1% to +1% Europe -1% to 0% Klöckner & Co SE | Q2 2025 Results | Analysts’ and Investors’ Conference 13
Slide 14: Outlook
Outlook Q3 Considerable increase in shipments and sales expected (yoy) 2025 EBITDA before material special effects expected to come in between €40-80m Shipments and sales expected to increase slightly yoy FY EBITDA before material special effects expected to come in between €170-240m 2025
Slide 15: Q&A session
Q&A session Guido Kerkhoff Dr. Oliver Falk John Ganem CEO CFO CEO Americas Klöckner & Co SE | Q2 2025 Results | Analysts’ and Investors’ Conference 15
Slide 16: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | Q2 2025 Results | Analysts’ and Investors’ Conference 16
Slide 17: Quarterly and FY results
Quarterly and FY results Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 FY FY FY FY FY FY (€m) 2025 2025 2024*) 2024*) 2024*) 2024*) 2023*) 2023*) 2023*) 2023*) 2024*) 2023*) 2022*) 2022 2021 2020 Shipments (Tto) 1,164 1,170 1,027 1,122 1,164 1,139 1,026 1,091 1,044 1,087 4,453 4,248 4,193 4,629 4,881 4,873 Sales 1,
Slide 18: Balance sheet development
Balance sheet development Equity ratio of 44%, gearing*) of 58% and leverage of 5.4x Assets (€m) Equity & Liabilities (€m) 3,538 3,459 3,538 3,459 1,282 1,133 1,721 1,514 49% 44% 1,291 1,245 896 989 19 18 722 846 644 729 122 121 124 111 258 209 Dec. 31, 2024 June 30, 2025 Dec. 31, 2024 June 30, 2025
Slide 19: Developing from a steel distribution company to a metal processor
Developing from a steel distribution company to a metal processor Adapting to the significantly altered business environments with sharpened strategic focus to ensure sustainable growth, mitigate risks and maintain competitiveness in dynamic market landscape Service center business and especially
Slide 20: Sales by markets, products and industries
Sales by markets, products and industries Sales by markets Sales by products Sales by industries 1% 1% 9% 7% 16% 8% 5% 28% 8% 11% 10% 56% 24% 59% 21% 11% 25% North America Flat products Construction Germany/Austria Long products Manufacturing, Machinery, Mechanical Engineering Aluminum Transportatio
Slide 21: Share performance in Q2 2025
Share performance in Q2 2025 120% The share price of Klöckner & Co 115% demonstrated a negative trend through 110% the second quarter of 2025 105% It reached its peak level of €7.89 on April 1st, 2025 100% After reaching its lowest level of €5.83 95% on June 23, 2025, it went out of trading 90
Slide 22: Maturity profile
Maturity profile Facility Committed Drawn amount €m Jun 30, 2025 (€m) Jun 30, 2025 Jun 30, 2025 Dec 31, 2024 Adjusted equity3) 1,504 Syndicated Loan 350 164 173 Net Debt 870 ABS Germany1) 100 64 30 Gearing4) 58% ABL USA 555 370 375 Leverage5) 5.4x ABL Mexico 98 64 48 Syndicated Loan CH2) 214 155 85
Slide 23: Dividend policy
Dividend policy In general, Klöckner & Co SE follows a dividend policy of distributing 30% Due to earnings-related reasons, no dividend payment in 2011, 2012, of net income before special items. Given the volatility of our business 2013 and 2015 model, a sustainable dividend payment cannot be guar
Slide 24: Our ambitious climate targets
Our ambitious climate targets Our net zero carbon targets have been approved as science-based targets by the Science Based Targets initiative (SBTi) Scope 1 & 2 Scope 3 Scope 3 Own direct and Under direct Not under direct indirect emissions influence influence 62.5% reduction 50% reduction 30% reduc
Slide 25: Nexigen Steel Categorization
NEXIGEN® STEEL CATEGORIZATION Six categorizations for transparent carbon emissions We have developed a categorization for CO2-reduced steel so that customers can directly see the carbon footprint of their purchased product. Emission in kg CO2 / t steel LEADING THE SUSTAINABILITY TRANSFORMATION Metho
Slide 26: Nexigen categorizations for stainless steel & aluminum
A comprehensive approach Nexigen® categorizations for stainless steel & aluminum Stainless Steel Emission in kg CO2 / t stainless steel Aluminum Emission in kg CO2 / t aluminum Klöckner & Co SE | Q2 2025 Results | Analysts’ and Investors’ Conference
Slide 27: Financial calendar
Financial calendar November 5, 2025 Q3 quarterly statement 2025 Fabian Joseph March 11, 2026 Head of Investor Relations Annual Financial Statements 2025 May 6, 2026 +49 211 88245-488 Q1 quarterly statement 2026 fabian.joseph@kloeckner.com August 5, 2026 Half-yearly financial report 2026 www.kloeckne