Voestalpine Ag · VIE:VOE
Voestalpine — Q1-Q3 BY 2021/22 Earnings Presentation
16 slides from Voestalpine's earnings presentation, February 2022
Slide 1: Business Year 2021/22 – 1st–3rd Quarter
BUSINESS YEAR 2021/22 1 – 3 QUARTER st rd Investor Relations February 2022 voestalpine AG www.voestalpine.com
Slide 2: Business Environment Q1-Q3 BY 2021/22
voestalpine GROUP BUSINESS ENVIRONMENT Q1-Q3 BY 2021/22 » The first nine months of BY 2021/22 were characterized by a strong economic environment despite recurring COVID-19 infection waves » Other than China, Europe and North America decided against extensive lockdowns, supporting the positive econo
Slide 3: Development of Divisions Q1-Q3 BY 2021/22
DEVELOPMENT OF DIVISIONS Q1-Q3 BY 2021/22 voestalpine AG 3 | February 2022 | Investor Relations
Slide 4: Steel Division Business Development
STEEL DIVISION BUSINESS DEVELOPMENT Q1-Q3 BY 2021/22 » Weakness in automotive industry by and large Q1 Q2 Q3 Q1-Q3 Q1-Q3 Delta compensated by strong demand from other market €m 21/22 21/22 21/22 21/22 20/21 in % segments Revenue 4,306 2,956 » Demand from oil and gas business (heavy plate) improved 1
Slide 5: High Performance Metals Division Business Development
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT Q1-Q3 BY 2021/22 » Demand for tool steel on good levels €m Q1 Q2 Q3 Q1-Q3 Q1-Q3 Delta 21/22 21/22 21/22 21/22 20/21 in % » Upturn in oil & gas and aerospace business in the course of the business year Revenue 704 721 736 2,161 1,634 +32.3 » High
Slide 6: Metal Engineering Division Business Development
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT Q1-Q3 BY 2021/22 » Solid demand in Railway Systems business, Q3 impacted Q1 Q2 Q3 Q1-Q3 Q1-Q3 Delta by normal winter seasonality and increasing energy cost €m 21/22 21/22 21/22 21/22 20/21 in % » Improving drilling activities in oil & gas driving deman
Slide 7: Metal Forming Division Business Development
METAL FORMING DIVISION BUSINESS DEVELOPMENT Q1-Q3 BY 2021/22 » Challenging conditions in Automotive Components Q1 Q2 Q3 Q1-Q3 Q1-Q3 Delta business due to supply chain constraints €m 21/22 21/22 21/22 21/22 20/21 in % » Tubes & Sections facing high demand in most market 2,454 segments across the glob
Slide 8: Financial Overview Q1-Q3 BY 2021/22
FINANCIAL OVERVIEW Q1-Q3 BY 2021/22 voestalpine AG 8 | February 2022 | Investor Relations
Slide 9: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1-Q3 BY 2020/21 Q1-Q3 BY 2021/22 Delta 2020/04/01-2020/12/31 2021/04/01-2021/12/31 % Revenue 7,971 10,896 +36.7 EBITDA 683 1,546 +126.4 EBITDA margin 8.6% 14.2% EBIT -134 947 EBIT margin -1.7% 8.7% Profit before tax -210 893 Profit after tax* -159 698 EPS – earn
Slide 10: Development EBITDA
voestalpine GROUP DEVELOPMENT EBITDA Q1-Q3 BY 2021/22 1,615 378 1,546 -140 -990 683 EBITDA- margin EBITDA- 14.2% margin 8.6 % Q1-Q3 BY Price Raw Mix/ Misc. Q1-Q3 BY 2020/21 Materials Volume 2021/22 In millions of euros voestalpine AG 10 | February 2022 | Investor Relations
Slide 11: From EBITDA to Free Cash Flow
voestalpine GROUP FROM EBITDA TO FREE CASH FLOW Q1-Q3 BY 2021/22 1,546 -55 -195 -877 -415 -17 -21 EBITDA Interest Taxes Working Capital Capex Misc. Free Cash Flow In millions of euros voestalpine AG 11 | February 2022 | Investor Relations
Slide 12: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1-Q3 BY 2020/21 Q1-Q3 BY 2021/22 2020/04/01-2020/12/31 2021/04/01-2021/12/31 Cash flow from results 633 1,271 Changes in working capital 376 -877 Cash flow from operating activities 1,009 394 Cash flow from investing activities -412 -415 Free cash flow 597 -2
Slide 13: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,710 6,554 6,301 6,060 5,652 5,615 5,650 5,262 5,075 5,115 4,289 4,263 4,691 4,836 4,262 83% 88% 3,572 3,775 3,762 71% 2,713 2,978 3,221 2,743 2,882 3,037 2,586 3,080 2,995 3,125 67% 2,899 1,786 2,547 58% 2,259 2,421 58% 54% 55% 53% 2,125 47% 1,853 46% 4
Slide 14: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,755 -1 -81 1,000 Committed lines -419 338 Financial assets 417 Cash -996 Q1-Q3 BY 2021/22 2021/22 2022/23 2023/24 2024/25 In millions of euros as of 2021/12/31 voestalpine AG 14 | February 2022 | Investor Relations
Slide 15: Outlook BY 2021/22
voestalpine GROUP OUTLOOK BY 2021/22 » Overall positive demand trends in core industries expected to persist » Supply chain constraints in automotive industry seem to have passed the trough » Extended recovery in energy and aerospace industries » Expectations for BY 2021/22: » EBITDA now expected at
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