Slide 1: Business Year 2017/18 Investor Relations
BUSINESS YEAR 2017/18 Investor Relations JUNE 2018 voestalpine AG www.voestalpine.com
Slide 2: Overview – Business Model
voestalpine GROUP OVERVIEW – BUSINESS MODEL » voestalpine is a leading technology and capital goods group with combined material and processing expertise » It is holding global top positions in its business units » The group focuses on most demanding product and system solutions based on steel and o
Slide 3: Global Footprint
voestalpine GROUP GLOBAL FOOTPRINT Revenue by regions (Business year 2017/18) One Group – 500 sites – 50 countries – 5 continents European Union 66% (70%) NAFTA 14% (11%) Asia 8% (9%) Rest of world 8% (7%) South America 4% (3%) (last year‘s figures) Revenue by industries (Business year 2017/18) Auto
Slide 4: Business Year 2017/18: All-Time High
voestalpine GROUP BUSINESS YEAR 2017/18: ALL-TIME HIGH » New records in all earnings categories as well as group revenues » Combination of favorable market environment and consistent innovation & efficiency management over last 15 years » In particular strong gains in Steel Division, but also High P
Slide 5: Group & Divisions BY 2017/18 (vs. BY 2016/17)
voestalpine GROUP & DIVISIONS BY 2017/18 (vs. BY 2016/17) voestalpine GROUP Revenue €m 12,898 (+14.2%) EBITDA €m 1,954 (+26.8%) EBIT €m 1,180 (+43.3%) 36 % 22 % 22 % 20 % HIGH PERFORMANCE STEEL METAL ENGINEERING METAL FORMING METALS Revenue €m 4,773 (+22.0%) Revenue €m 2,918 (+8.2%) Revenue €m 2,990
Slide 6: Steel Division Business Development BY 2017/18
STEEL DIVISION BUSINESS DEVELOPMENT BY 2017/18 » Broad economic growth as well as cost, efficiency & Q1 Q2 Q3 Q4 BY BY Delta technology optimization driving excellent performance €m 17/18 17/18 17/18 17/18 17/18 16/17 in % » Strong demand in major customer segments automotive, consumer goods and mec
Slide 7: High Performance Metals Division Business Development
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT BY 2017/18 » Strong business conditions in all sectors Q1 Q2 Q3 Q4 BY BY Delta €m » Automotive and consumer goods industries bolstering 17/18 17/18 17/18 17/18 17/18 16/17 in % excellent tool steel demand » Further recovery of onshore oil & gas a
Slide 8: Metal Engineering Division Business Development BY 2017/18
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT BY 2017/18 » Uneven sentiment in railway infrastructure Q1 Q2 Q3 Q4 BY BY Delta €m » Earnings of Rail Technology affected by less demand and 17/18 17/18 17/18 17/18 17/18 16/17 in % therefore high level of competition in Europe » Only minor impulses in
Slide 9: Metal Forming Division Business Development BY 2017/18
METAL FORMING DIVISION BUSINESS DEVELOPMENT BY 2017/18 » Excellent business sentiment in Automotive Components throughout BY 2017/18 €m Q1 Q2 Q3 Q4 BY BY Delta 17/18 17/18 17/18 17/18 17/18 16/17 in % » EU-car registrations 2017 further up » However, short term negative earnings impacts from Revenue
Slide 10: Financial Overview BY 2017/18
FINANCIAL OVERVIEW BY 2017/18 voestalpine AG 10 | June, 2018 | Investor Relations
Slide 11: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW BY 2016/17 BY 2017/18 Delta 2016/04/01-2017/03/31 2017/04/01-2018/03/31 % Revenue 11,295 12,898 +14.2 EBITDA 1,541 1,954 +26.8 EBITDA margin 13.6 % 15.2 % EBIT 823 1,180 +43.3 EBIT margin 7.3 % 9.1 % Profit before tax 700 1,043 +48.9 Profit after tax1 527 818 +55
Slide 12: Group BY 2017/18 (vs. BY 2016/17) by Quarter
voestalpine GROUP BY 2017/18 (vs. BY 2016/17) 1st quarter 2nd quarter 3rd quarter 4th quarter Business Year Business Year Delta 2017/18 2017/18 2017/18 2017/18 2017/18 2016/17 in % Revenue 3,252 3,051 3,158 3,437 12,898 11,295 +14.2 EBITDA 514 455 437 549 1,954 1,541 +26.8 EBITDA margin 15.8% 14.9%
Slide 13: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW BY 2016/17 BY 2017/18 Delta 2016/04/01-2017/03/31 2017/04/01-2018/03/31 % CAPEX* 1,011 895 -11.5 *) Fixed assets and acquisitions Depreciation 717 774 +7.9 Equity 6,060 6,554 +8.2 Net financial debt 3,221 2,995 -7.0 Gearing 53.2 % 45.7 % In millions of euros voes
Slide 14: Development EBIT BY 2017/18
voestalpine GROUP DEVELOPMENT EBIT BY 2017/18 802 95 26 1,180 823 -566 EBIT EBIT 9.1 % 7.3 % BY Price Raw Mix/ Misc. BY 2016/17 Materials Volume 2017/18 In millions of euros voestalpine AG 14 | June, 2018 | Investor Relations
Slide 15: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW BY 2016/17 BY 2017/18 2016/04/01-2017/03/31 2017/04/01-2018/03/31 Cash flow from results 1,249 1,622 Changes in working capital -99 -427 Cash flow from operating activities 1,150 1,195 Cash flow from investing activities -1,078 -827 Free cash flow 72 368 In mi
Slide 16: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,554 6,060 5,652 5,262 5,075 5,115 4,289 4,263 4,691 4,836 4,262 3,572 83% 88% 3,762 71% 2,713 3,221 2,978 3,080 2,882 3,037 2,586 2,995 1,786 2,547 2,259 2,421 58% 58% 2,125 54% 55% 53% 47% 1,853 46% 45% 46% 34% 32% 831 635 684 526 377 18% 15% 2002/03 2
Slide 17: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,845 -881 700 Committed lines -951 439 Financial assets 706 Cash -108 -651 In millions of euros as of 2018/03/31 Q1 2017/18 2018/19 2019/20 2020/21 2021/22 voestalpine AG 17 | June, 2018 | Investor Relations
Slide 18: Global Economic Situation – Outlook 2018
voestalpine GROUP GLOBAL ECONOMIC SITUATION – OUTLOOK 2018 WORLD Global economic upturn still with solid momentum but increasing uncertainty due to protectionist measures especially in the US EUROPE NORTH AMERICA Ongoing robust growth, US growth potential not increasing political risk fully utilized
Slide 19: Outlook BY 2018/19
voestalpine GROUP OUTLOOK BY 2018/19 » Promising start of Business Year 2018/19, strong order book for first 6 months » Global growth continues, strong demand in major markets & industry segments » Further improvements in oil & gas as well as railway infrastructure » Blast furnace relining in Steel
Slide 20: 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
Slide 21: US Business
voestalpine GROUP US BUSINESS » voestalpine generates revenues in USA of ~1.3bn EUR (BY 2017/18) » About two third of total US-revenue is derived from domestic US production sites » HBI-plant, turnout production facilities, special sections plants, automotive components plants, etc. » About one thir
Slide 22: US Footprint 2017/18
voestalpine GROUP US FOOTPRINT 2017/18 Revenue: EUR 1,298 million » Employees: 2,863 FTEs Steel HPM Metal Metal Total Engineering Forming Revenue (BY 2016/17) 121 327 276 259 983 Revenue (BY 2017/18) 217 365 379 337 1,298 Employees* 268 539 995 1,061 2,863 * FTEs Main segments: Energy 25 % Aerospace