Slide 1: Results for Q2 / H1 2021
RESULTS FOR Q2 / H1 2021 ANDRITZ GROUP JULY 30, 2021
Slide 2: Chapter Overview
CHAPTER OVERVIEW CHANGES IN THE 01 ANDRITZ EXECUTIVE BOARD 02 Q2 2021 AT A GLANCE 03 PERFORMANCE Q2 2021 04 05 OUTLOOK 2 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR H1 2021 / JULY 30, 2021 / © ANDRITZ GROUP
Slide 3: Changes in the ANDRITZ Executive Board
CHANGES IN THE ANDRITZ EXECUTIVE BOARD • Wolfgang Leitner to move from the Executive Board to the Supervisory Board in April 2022 (in accordance with the AktG (Stock Corporation Act – exception „Cooling off rule“) • Joachim Schönbeck, member of the Executive Board since 2014, will take over the posi
Slide 4: Chapter Overview
CHAPTER OVERVIEW CHANGES IN THE 01 ANDRITZ EXECUTIVE BOARD 02 Q2 2021 AT A GLANCE 03 PERFORMANCE Q2 2021 04 05 OUTLOOK 4 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR H1 2021 / JULY 30, 2021 / © ANDRITZ GROUP
Slide 5: Q2 2021 at a Glance
Q2 2021 AT A GLANCE Very favorable business development • Group order intake, at 1.9 billion euros, at high level and significantly up y/y – with all business areas showing an increase • Revenue reached 1.5 billion euros, down y/y • Lower revenue in Pulp & Paper Capital as some larger orders near co
Slide 6: Chapter Overview
CHAPTER OVERVIEW CHANGES IN THE 01 ANDRITZ EXECUTIVE BOARD 02 Q2 2021 AT A GLANCE 03 PERFORMANCE Q2 2021 04 05 OUTLOOK 6 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR H1 2021 / JULY 30, 2021 / © ANDRITZ GROUP
Slide 7: Favorable Order Intake in Q2 2021 with Increase in All Business Areas
FAVORABLE ORDER INTAKE IN Q2 2021 WITH INCREASE IN ALL BUSINESS AREAS Metals strongly up from very low level last year; Pulp & Paper and Hydro solid ORDER INTAKE Q2 2021 ORDER INTAKE BY BUSINESS AREA (IN MEUR) ORDER INTAKE H1 2021 (IN MEUR) (IN MEUR) Q2 2021 Q2 2020 +/- Pulp & Paper 867 622 +39% +18
Slide 8: Quarterly Development of Order Intake
QUARTERLY DEVELOPMENT OF ORDER INTAKE Order intake of last 4 quarters amounted to ~6.7 billion euros Service business has shown strong recovery during last quarters, ORDER INTAKE SPLIT: CAPITAL / SERVICE with Q2 2021 order intake above pre-pandemic level Q2 2021 (Q2 2020) IN % MEUR MEUR 2,500 +57% 9
Slide 9: Lower Group Revenue, Mainly Driven by Pulp & Paper Capital
LOWER GROUP REVENUE, MAINLY DRIVEN BY PULP & PAPER CAPITAL Metals down; Hydro flat, Separation rising REVENUE Q2 2021 REVENUE BY BUSINESS AREA (IN MEUR) REVENUE H1 2021 (IN MEUR) (IN MEUR) Q2 2021 Q2 2020 +/- Pulp & Paper 754 882 -15% -5% Metals 322 343 -6% Hydro 294 289 +2% 3,173 3,027 -8% Separati
Slide 10: Service Business by Business Area
SERVICE BUSINESS BY BUSINESS AREA % of total business area revenue PULP & PAPER METALS 48 51 42 46 43 41 41 24 23 27 24 25 25 22 2016 2017 2018 2019 2020 Q2 2021 H1 2021 2016 2017 2018 2019 2020 Q2 2021 H1 2021 HYDRO SEPARATION 46 47 48 49 50 43 45 45 34 38 29 28 32 26 2016 2017 2018 2019 2020 Q2 20
Slide 11: Order Backlog
ORDER BACKLOG Order backlog at 7.4 billion euros as of end of Q2 2021 ORDER BACKLOG (AS OF END OF PERIOD; IN MEUR) ORDER BACKLOG BY BUSINESS AREA +0% AS OF END OF JUNE 2021 (JUNE 2020) IN % 8,121 7,778 7,925 7,724 7,397 7,330 7,404 6,974 6,849 7,084 7,261 6,774 7,071 D 6,651 6,383 6,553 6,841 6,883
Slide 12: Earnings and Profitability Up
EARNINGS AND PROFITABILITY UP Continuing favorable business development in Pulp & Paper and Separation EBITA (IN MEUR) AND EBITA MARGIN Q2 2021 (IN %) EBITA (IN MEUR) AND EBITA MARGIN H1 2021 (IN %) +36% 237.7 • Reduction of headcount by 1,100 people during last 12 months 174.3 • Positive effects fr
Slide 13: Profitability by Business Area
PROFITABILITY BY BUSINESS AREA EBITA margin (%) PULP & PAPER METALS HYDRO SEPARATION 11.0 10.4 9.7 9.6 9.9 9.7 9.2 8.3 8.4 7.2 6.6 6.5 4.8 4.1 3.2 2.0 2.4 FY 2020 Q2 2020 Q2 2021 H1 2020 H1 2021 -0.6 FY 2020 Q2 2020 Q2 2021 H1 2020 H1 2021 FY 2020 Q2 2020 Q2 2021 H1 2020 H1 2021 -2.1 -3.3 FY 2020 Q2
Slide 14: EBITDA – Net Income Bridge
EBITDA – NET INCOME BRIDGE 318.6 (258.6)* Compact Hydro 237.7 Tax rate: ~27.5% -80.9 (174.3*) 204.1 (-84.3*) -30.3 -3.3 (137.4*) 185.9 (-32.2*) (-4.7*) (119.0*) -18.2 (-18.4*) 134.8 -51.1 (83.3*) (-35.7*) IN MEUR * (H1 2020) 14 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR H1 2021 / JULY 30, 2021 / ©
Slide 15: Cash Flow from Operating Activities Improved
CASH FLOW FROM OPERATING ACTIVITIES IMPROVED 114.5 -28.3 8.3 288.8 -53.2 Split of total depreciation: (121.2)* (12.5)* • ~81 MEUR depreciation, (284.1)* (-138.2)* • ~30 MEUR IFRS 3 amortization (16.3)* 8.1 -16.2 • ~3 MEUR impairment of goodwill 0.3 -74.8 (-17.9)* in Hydro (8.3)* (0.1)* (-36.4)* 8.4
Slide 16: Solid Financial Position
SOLID FINANCIAL POSITION Gross cash of ~1.7 billion euros, net liquidity almost 400 million euros Acquisition of Xerium IN MEUR (~833 MUSD), including net financial Mainly acquisition of liabilities of approximately 590 MUSD Schuler (~600 MEUR) (mainly redemption of bond) 2,350 2,048 1,815 1,772 1,8
Slide 17: Key Figures Q2 / H1 2021 at a Glance
KEY FIGURES Q2 / H1 2021 AT A GLANCE Slight improvement of cash flow, solid financial position UNIT Q2 2021 Q2 2020 +/- H1 2021 H1 2020 +/- 2020 Order intake MEUR 1,862.3 1,183.8 +57.3% 3,591.8 3,036.7 +18.3% 6,108.0 Solid financial Order backlog (as of end of period) MEUR 7,403.5 7,396.6 +0.1% 7,40
Slide 18: Chapter Overview
CHAPTER OVERVIEW CHANGES IN THE 01 ANDRITZ EXECUTIVE BOARD 02 Q2 2021 AT A GLANCE 03 PERFORMANCE Q2 2021 04 UPDATE OF BUSINESS AREAS 05 OUTLOOK 18 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR H1 2021 / JULY 30, 2021 / © ANDRITZ GROUP
Slide 19: Pulp & Paper: Solid Development in Both Capital and Service
PULP & PAPER: SOLID DEVELOPMENT IN BOTH CAPITAL AND SERVICE Favorable development of order intake; earnings up despite decline in revenue UNIT Q2 2021 Q2 2020 +/- H1 2021 H1 2020 +/- 2020 Order intake significantly up Order intake MEUR 866.8 621.6 +39.4% 1,712.3 1,699.8 +0.7% 2,961.1 q/q with solid
Slide 20: Metals: Positive Earnings Development Continues
METALS: POSITIVE EARNINGS DEVELOPMENT CONTINUES Order intake significantly higher compared to very low comparison level last year UNIT Q2 2021 Q2 2020 +/- H1 2021 H1 2020 +/- 2020 Order intake significantly up, Order intake MEUR 414.5 126.6 +227.4% 843.6 488.1 +72.8% 1,143.6 solid development of Met
Slide 21: Hydro: Solid Business Development Continued
HYDRO: SOLID BUSINESS DEVELOPMENT CONTINUED Increase in order intake; revenue practically flat; earnings and profitability up UNIT Q2 2021 Q2 2020 +/- H1 2021 H1 2020 +/- 2020 Order intake up q/q , some Order intake MEUR 370.2 246.9 +49.9% 654.5 492.4 +32.9% 1,335.4 medium-sized orders booked (e.g.
Slide 22: Separation: Very Favorable Business Development
SEPARATION: VERY FAVORABLE BUSINESS DEVELOPMENT Significant increase in order intake and revenue q/q UNIT Q2 2021 Q2 2020 +/- H1 2021 H1 2020 +/- 2020 Order intake MEUR 210.8 188.7 +11.7% 381.4 356.4 +7.0% 667.9 Order intake and revenue Order backlog (as of end of period) MEUR 484.8 470.2 +3.1% 484.
Slide 23: Chapter Overview
CHAPTER OVERVIEW CHANGES IN THE 01 ANDRITZ EXECUTIVE BOARD 02 Q2 2021 AT A GLANCE 03 PERFORMANCE Q2 2021 04 UPDATE OF BUSINESS AREAS 05 OUTLOOK 23 / ANDRITZ / RESULTS OF THE ANDRITZ GROUP FOR H1 2021 / JULY 30, 2021 / © ANDRITZ GROUP
Slide 24: Update Market Expectations for Remaining Months of 2021
UPDATE MARKET EXPECTATIONS FOR REMAINING MONTHS OF 2021 Continued solid outlook for all industries served by ANDRITZ Market outlook: • Pulp and Paper: Good project and investment activity is expected to continue in the remaining months of 2021; individual large-scale orders may be awarded • Metals F
Slide 25: Financial Guidance for 2021 Confirmed
FINANCIAL GUIDANCE FOR 2021 CONFIRMED Financial guidance for 2021: • Group revenue to show a slight decline compared to the previous year (2020: 6.700 MEUR) • Significant increase in reported EBITA compared to 2020 (2020: 392 MEUR) and profitability of around 8% (EBITA margin reported 2020: 5.8%) ex
Slide 26: Legal Disclaimer
LEGAL DISCLAIMER © ANDRITZ AG 2021 This presentation contains valuable, proprietary property belonging to ANDRITZ AG or its affiliates (“the ANDRITZ GROUP”), an d no licenses or other intellectual property rights are granted herein, nor shall the contents of this presentation form part of any sales