Voestalpine Ag · VIE:VOE
Voestalpine — H1 2021/22 Earnings Presentation
16 slides from Voestalpine's earnings presentation, November 2021
Slide 1: Business Year 2021/22, 2nd Quarter, 1st Half
BUSINESS YEAR 2021/22 2 QUARTER,1 HALF nd st Investor Relations NOVEMBER 2021 voestalpine AG www.voestalpine.com
Slide 2: Business Environment H1 BY 2021/22
voestalpine GROUP BUSINESS ENVIRONMENT H1 BY 2021/22 » Very strong recovery after the re-opening of the economy at the beginning of H1 2021/22 (stabilization over summer) » Currently unchanged good demand in most market segments » But disruptions in supply chains hamper automotive production » Recov
Slide 3: Development of Divisions
DEVELOPMENT OF DIVISIONS H1 BY 2021/22 voestalpine AG 3 | November 2021 | Investor Relations
Slide 4: Steel Division Business Development
STEEL DIVISION BUSINESS DEVELOPMENT H1 BY 2021/22 » Overheated European steel market eased over summer €m Q1 Q2 H1 H1 Delta 21/22 21/22 21/22 20/21 in % » Reduced steel demand from automotive industry due to semiconductor shortage Revenue 1,322 1,395 2,717 1,831 48.5 » Good demand in all other marke
Slide 5: High Performance Metals Division Business Development
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT H1 BY 2021/22 » Tool Steel Q1 Q2 H1 H1 Delta €m » Prolonged uptrend in tool steel business in Europe and 21/22 21/22 21/22 20/21 in % North America, China and Brazil continued the solid demand trends Revenue 704 721 1,426 1,062 34.3 » Special Mat
Slide 6: Metal Engineering Division Business Development
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT H1 BY 2021/22 » Continued solid development of Railway Systems in H1 BY 2021/22 €m Q1 Q2 H1 H1 Delta 21/22 21/22 21/22 20/21 in % » Prolonged recovery of Wire Technology, distortion from semiconductor chip shortages notable since end of Revenue 801 814
Slide 7: Metal Forming Division Business Development
METAL FORMING DIVISION BUSINESS DEVELOPMENT H1 BY 2021/22 » Automotive Components business facing distortions Q1 Q2 H1 H1 Delta €m from semiconductor shortage, predominantly in Europe 21/22 21/22 21/22 20/21 in % » Continued strong demand in Tubes & Sections business Revenue 826 792 1,617 1,093 48.0
Slide 8: Financial Overview
FINANCIAL OVERVIEW H1 BY 2021/22 voestalpine AG 8 | November 2021 | Investor Relations
Slide 9: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW H1 BY 2020/21 H1 BY 2021/22 Delta 2020/04/01-2020/09/30 2021/04/01-2021/09/30 % Revenue 5,110 7,043 37.8 EBITDA 395 1,050 165.8 EBITDA margin 7.7 % 14.9% EBIT -215 651 EBIT margin -4.2 % 9.2% Profit before tax -268 611 Profit after tax* -276 486 EPS – earnings pe
Slide 10: Development EBITDA
voestalpine GROUP DEVELOPMENT EBITDA H1 BY 2021/22 914 324 1,050 -91 -492 EBITDA- margin 395 14.9 % EBITDA- margin 7.7 % H1 BY Price Raw Mix/ Misc. H1 BY 2020/21 Materials Volume 2021/22 In millions of euros voestalpine AG 10 | November 2021 | Investor Relations
Slide 11: From EBITDA to Free Cash Flow
voestalpine GROUP FROM EBITDA TO FREE CASH FLOW H1 BY 2021/22 1,050 -40 -118 -523 3 119 -253 EBITDA Interest Taxes Working Capital Capex Misc. Free Cash Flow In millions of euros voestalpine AG 11 | November 2021 | Investor Relations
Slide 12: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW H1 BY 2020/21 H1 BY 2021/22 2020/04/01-2020/09/30 2021/04/01-2021/09/30 Cash flow from results 362 895 Changes in working capital 201 -523 Cash flow from operating activities 563 372 Cash flow from investing activities -282 -253 Free cash flow 281 119 In milli
Slide 13: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,710 6,554 6,060 6,078 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% 2,259 2,744 1,786 2,547 58% 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 2,039 1,000 Committed lines -507 -80 -988 -414 475 Financial assets 564 Cash H1 BY 2021/22 2021/22 2022/23 2023/24 2024/25 In millions of euros as of 2021/09/30 voestalpine AG 14 | November 2021 | Investor Relations
Slide 15: Outlook BY 2021/22
voestalpine GROUP OUTLOOK BY 2021/22 » At the end of H1 BY 2021/22, the recovery dynamics eased somewhat after a very strong – almost overheated – start » Raw material prices stay volatile » Strong increase of energy prices at the end of H1 BY 2021/22 » Most market segments are expected to continue
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