Kloeckner & Co Se · XETR:KCO
Kloeckner & — FY 2025 Earnings Presentation
27 slides from Kloeckner &'s earnings presentation, Mar 11, 2026
Slide 1: FY 2025 Results
FY 2025 Results Analysts’ and Investors’ Conference Call Guido Kerkhoff | CEO Dr. Oliver Falk | CFO John Ganem | Member of the Management Board March 11, 2026
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements which reflect the current views of the management of Klöckner & Co SE with respect to future events. They generally are designated by the words “expect”, “assume”, “presume”, “intend”, “estimate”, “strive for”, “aim for”, “plan”, “will
Slide 3: Agenda
1. Highlights and update on strategy 2. Financials Agenda 3. Outlook 4. Appendix 3
Slide 4: Highlights of FY 2025
Highlights of FY 2025 FY 2025 FY 2024 Delta Shipments (Tto) 4,528 4,453 +1.7% Kloeckner Metals Americas with record full year shipments Slight decrease yoy in both segments and Group due to lower average price Sales (€m) 6,380 6,632 -3.8% level and unfavorable F/X effects Gross profit (€m) 1,204 1,1
Slide 5: Segment performance
Segment performance Positive shipment development in both segments KM Americas Shipments (Tto) Sales (€m) EBITDA*) (€m) +1.6% -2.8% -23 987 80 757 762 744 963 941 66 800 1,000 865 665 676 840 800 60 600 48 44 42 600 40 400 400 19 200 20 200 0 0 0 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2024 Q1 20
Slide 6: Continuing to press ahead with Group strategy
Continuing to press ahead with Group strategy Ongoing strategic initiatives to further increase our profitability Germany Switzerland North America Intended divestment of Becker Group Acquisition of Locher Bewehrung New production and processing facilities Announced intended divestment of Becker
Slide 7: Agenda
1. Highlights and update on strategy 2. Financials Agenda 3. Outlook 4. Appendix 7
Slide 8: Our net working capital management
Our net working capital management Generated solid EBITDA*) and significantly positive operating cash flow in FY 2025, both in line with our guidance ~1,030 ~1,000 ~-14% ~+12% ~890 Pronounced price volatility following the US tariff announcement in ~+34% February, which triggered a sharp increase
Slide 9: Shipments, sales and gross profit development
Shipments, sales and gross profit development Shipments & sales Gross profit & gross profit margin 1,666 1,643 317 320 1,609 295 1,484 1,462 272 261 1,170 1,164 1,144 1,027 1,049 19.5 19.0 18.3 18.6 17.6 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Shipments (Tto)
Slide 10: EBITDA (€m) in Q4 2025 and FY 2025
EBITDA (€m) in Q4 2025 and FY 2025 EBITDA (€m) in Q4 2025 EBITDA in Q4 2025 and FY 2025 supported by positive price and volume 13 effects 6 -26 13 In Q4 2025, positive price effect of €13m and volume effect of €6m -3 32 34 OPEX higher €26m yoy 21 Negative F/X effects of €3m EBITDA Volume Pri
Slide 11: Cash flow and net debt development
Cash flow and net debt development Cash flow FY 2025 (€m) EBITDA reported of €152m 63 -54 Net working capital release of €63m -19 -33 Positive cash flow from operating activities of €110m -5 152 Net CAPEX of €-5m, including the proceeds for the sale of eight US 110 105 distribution sites EBI
Slide 12: Maturity profile
Maturity profile Facility Committed Drawn amount €m Dec 31, 2025 (€m) Dec 31, 2025 Dec 31, 2025 Dec 31, 2024 Adjusted equity2) 1,574 Syndicated Loan 350 135 173 Net debt 709 ABS Germany1) 100 38 30 Gearing3) 45% ABL USA 553 249 375 Leverage4) 4.1x ABL Mexico 98 77 48 Syndicated Loan CH 215 75 85 Mat
Slide 13: Agenda
1. Highlights and update on strategy 2. Financials Agenda 3. Outlook 4. Appendix 13
Slide 14: Region specific business outlook 2026
Region specific business outlook 2026 Real steel Construction Manufacturing, Transportation Household & Energy demand Industry Machinery & Commercial Industry Mech. Eng. Appliances North +1% to +2% America Europe +1% to +2% Klöckner & Co SE | FY 2025 Results | Analysts' and Investors' Conference 14
Slide 15: Outlook
Outlook Q1 Considerable increase of shipments and sales expected (qoq) 2026 EBITDA before material special effects expected to come in between €20-60m Shipments and sales expected to develop on a constant level yoy FY EBITDA before material special effects expected to increase considerably y
Slide 16: Q&A session
Q&A session Klöckner & Co SE | FY 2025 Results | Analysts' and Investors' Conference 16
Slide 17: Agenda
1. Highlights and update on strategy 2. Financials Agenda 3. Outlook 4. Appendix 17
Slide 18: Quarterly and FY results
Quarterly and FY results Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 FY FY FY FY FY FY (€m) 2025 2025 2025 2025 2024*) 2024*) 2024*) 2024*) 2023*) 2023*) 2023*) 2023*) 2025 2024*) 2023*) 2022*) 2022 2021 Shipments (Tto) 1,049 1,144 1,164 1,170 1,027 1,122 1,164 1,139 1,026 1,091 1,044 1,087 4,528 4,453 4,24
Slide 19: Developing from a steel distribution company to a metal processor
Developing from a steel distribution company to a metal processor Reducing our distribution sales exposure from 37% to just 14% within six years EBITDA before MSE*) development by business HVAB Transforming our business from pure distribution to higher value-added 400 SC and service center busines
Slide 20: Balance sheet development
Balance sheet development Equity ratio 48%, gearing*) of 45% and leverage of 4.1x Assets (€m) Equity & liabilities (€m) 3,538 3,538 3,279 3,279 1,282 1,263 1,721 1,582 1,291 1,144 896 764 19 17 722 696 644 665 122 121 60 117 258 251 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2025 Non-current
Slide 21: Sales by markets, products and industries
Sales by markets, products and industries Markets Products Industries 2% 1% 11% 7% 16% 7% 5% 28% 11% 7% 54% 10% 23% 59% 20% 12% 27% North America Flat products Construction Long products Manufacturing, machinery, mechanical engineering Germany/Austria Aluminum Transportation Switzerland Stainless st
Slide 22: Share performance in FY 2025
Share performance in FY 2025 240% The capital market environment in 2025 was marked by high Klöckner & Co SDAX® uncertainty due to tariffs, protectionism, and a moderate DAX® Index Peergroup 220% global economic slowdown 200% The share price of Klöckner & Co started slightly negative and reached
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 target
Our ambitious climate target Our net zero carbon targets have been approved in the regular process as science-based targets by the Science Based Targets initiative (SBTi) Scope 1 & 2 Scope 3 Scope 3 Our direct and indirect emissions Under direct influence Not under direct influence 62.5% reduction b
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. Leading the sustainability transformation Methodology along international s
Slide 26: A comprehensive approach
A comprehensive approach Nexigen® categorizations for stainless steel & aluminum Emission in kg CO2 / t stainless steel Emission in kg CO2 / t aluminum Klöckner & Co SE | FY 2025 Results | Analysts' and Investors' Conference 26
Slide 27: Financial calendar and investor relations contact
Financial calendar May 6, 2026 Q1 quarterly statement 2026 May 20, 2026 Annual General Meeting 2026 Fabian Joseph August 5, 2026 Head of Investor Relations Half-yearly financial report 2026 +49 211 88245-488 November 4, 2026 fabian.joseph@kloeckner.com Q3 quarterly statement 2026 www.kloeckner.com