Voestalpine Ag · VIE:VOE
Voestalpine — Q1 BY 2018/19 Earnings Presentation
16 slides from Voestalpine's earnings presentation, September 2018
Slide 1: Business Year 2018/19 1st Quarter
BUSINESS YEAR 2018/19 1 QUARTER st Investor Relations SEPTEMBER 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 Q1 2018/19
voestalpine GROUP BUSINESS YEAR Q1 2018/19 » Continuation of overall positive economic trends in Q1 2018/19 » With exemption of railway infrastructure, development of core customer segments in Europe on healthy level » Still solid sentiment in North America, future implications of US walls-up policy
Slide 5: Steel Division Business Development Q1 BY 2018/19
STEEL DIVISION BUSINESS DEVELOPMENT Q1 BY 2018/19 » Prolongation of positive business environment Q1 Q2 Q3 Q4 Q1 Delta €m 17/18 17/18 17/18 17/18 18/19 in % » Stable strong order intake from automotive, consumer goods, machine building & construction industries Revenue 1,213 1,086 1,176 1,298 1,276
Slide 6: High Performance Metals Division Business Development Q1 BY 2018/19
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT Q1 BY 2018/19 » Dynamics in core industries unchanged strong Q1 Q2 Q3 Q4 Q1 Delta €m » Automotive and consumer goods industries as powerful driving 17/18 17/18 17/18 17/18 18/19 in % forces for excellent tool steel demand » Business activities in
Slide 7: Metal Engineering Division Business Development Q1 BY 2018/19
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT Q1 BY 2018/19 » Varying conditions in railway infrastructure markets Q1 Q2 Q3 Q4 Q1 Delta €m » Only slowly improving demand & still strong price competition in 17/18 17/18 17/18 17/18 18/19 in % European rail market Revenue 770 741 728 751 800 3.9 » Si
Slide 8: Metal Forming Division Business Development Q1 BY 2018/19
METAL FORMING DIVISION BUSINESS DEVELOPMENT Q1 BY 2018/19 » Strong order intake in Automotive Components in Europe Q1 Q2 Q3 Q4 Q1 Delta » Further rising EU-car sales in H1 2018 €m 17/18 17/18 17/18 17/18 18/19 in % » Start-up-activities in the US and China translating more and more into regular oper
Slide 9: Financial Overview Q1 BY 2018/19
FINANCIAL OVERVIEW Q1 BY 2018/19 voestalpine AG 9 | September, 2018 | Investor Relations
Slide 10: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1 BY 2017/18 Q1 BY 2018/19 Delta 2017/04/01-2017/06/30 2018/04/01-2018/06/30 % Revenue 3,252 3,469 +6.7 EBITDA 514 513 -0.2 EBITDA margin 15.8 % 14.8 % EBIT 329 324 -1.5 EBIT margin 10.1 % 9.3 % Profit before tax 292 294 +0.6 Profit after tax1 218 224 +2.7 EPS –
Slide 11: Development EBIT
voestalpine GROUP DEVELOPMENT EBIT Q1 BY 2018/19 132 4 329 324 -122 -19 EBIT EBIT 10.1 % 9.3 % Q1 BY Price Raw Mix/ Misc. Q1 BY 2017/18 Materials Volume 2018/19 In millions of euros voestalpine AG 11 | September, 2018 | Investor Relations
Slide 12: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1 BY 2017/18 Q1 BY 2018/19 2017/04/01-2017/06/30 2018/04/01-2018/06/30 Cash flow from results 414 369 Changes in working capital -393 -372 Cash flow from operating activities 21 -3 Cash flow from investing activities -213 -291 Free cash flow -192 -294 In mill
Slide 13: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 6,554 6,763 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 2,713 3,221 3.314 71% 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 49% 45% 46% 46% 34% 32% 831 635 684 526 377 1
Slide 14: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,415 -764 700 Committed lines -827 417 Financial assets 298 Cash -107 -633 In millions of euros as of 2018/06/30 Q1 2018/19 2018/19 2019/20 2020/21 2021/22 voestalpine AG 14 | September, 2018 | Investor Relations
Slide 15: Outlook BY 2018/19
voestalpine GROUP OUTLOOK BY 2018/19 » Worldwide economic sentiment seems robust until end of CY 2018 » However rising potential for serious threats because of US- (and increasingly other countries’) protectionist measures » 2nd quarter negatively impacted by blast furnace relining in Steel Division
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