Voestalpine Ag · VIE:VOE
Voestalpine — Q1 BY 2019/20 Earnings Presentation
17 slides from Voestalpine's earnings presentation, August 2019
Slide 1: Business Year 2019/20 1st Quarter
BUSINESS YEAR 2019/20 1 QUARTER st Investor Relations AUGUST 2019 voestalpine AG www.voestalpine.com
Slide 2: Business Model
voestalpine GROUP BUSINESS MODEL voestalpine combines material and processing expertise in one group Our products are high-tech materials as well as components and system solutions based on steel and other metals We focus on markets with highest requirements on quality and innovative technological s
Slide 3: Corporate Responsibility
voestalpine GROUP CORPORATE RESPONSIBILITY Ökonomie ECONOMY ENVIRONMENT SOCIETY HUMAN RIGHTS » Ethical corporate management » Decarbonisation of steel making » Supporting local communities » No child or forced labour » Sustainable Supply Chain » H2Future » Anti-corruption and compliance » No discrim
Slide 4: Global Footprint
voestalpine GROUP GLOBAL FOOTPRINT Revenue by regions - Business year 2018/19 One Group – 500 sites – 50 countries – 5 continents European Union 65% (66%) USMCA 16% (14%) Asia 8% (8%) Rest of world 8% (8%) South America 3% (4%) (figures 2017/18) Revenue by industries - Business year 2018/19 Automoti
Slide 5: Company Structure and Market Position
voestalpine GROUP COMPANY STRUCTURE AND MARKET POSITION voestalpine Group (Revenue in BY 2018/19) 35% 22% 22% 21% Steel High Performance Metals Metal Engineering Metal Forming Division Division Division Division Worldwide quality leadership Global leadership Global leadership Global leadership Globa
Slide 6: Business Development
voestalpine GROUP BUSINESS DEVELOPMENT Q1 BY 2019/20 » Macroeconomic environment clouded over significantly since start of the business year 2019/20 » Effects on voestalpine group predominantly as loss of volumes visible » Carbon steel products additionally affected by escalated raw material prices,
Slide 7: Steel Division Business Development
STEEL DIVISION BUSINESS DEVELOPMENT Q1 BY 2019/20 » Difficult market environment in European steel Q1 Q2 Q3 Q4 Q1 Delta business in general €m 18/19 18/19 18/19 18/19 19/20 in % » Slowing demand, high imports and falling steel prices Revenue » Sharply increasing raw material cost, above all form iro
Slide 8: High Performance Metals Division Business Development
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT Q1 BY 2019/20 » Escalating trade conflict is the major driver for Q1 Q2 Q3 Q4 Q1 Delta €m slowdown in global tool steel demand 18/19 18/19 18/19 18/19 19/20 in % » Declining demand from automotive and consumer goods business in China and Europe R
Slide 9: Metal Engineering Division Business Development
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT Q1 BY 2019/20 » Railway Systems business resisting general weakening Q1 Q2 Q3 Q4 Q1 Delta economic environment €m 18/19 18/19 18/19 18/19 19/20 in % » Some margin impact from rising raw materials on rails » Unchanged strong performance of turnout syste
Slide 10: Metal Forming Division Business Development
METAL FORMING DIVISION BUSINESS DEVELOPMENT Q1 BY 2019/20 » Performance of Automotive Components business €m Q1 Q2 Q3 Q4 Q1 Delta significantly down 18/19 18/19 18/19 18/19 19/20 in % » Still elevated cost burden from the start-up of automotive component plant in Cartersville, USA Revenue 748 697 69
Slide 11: Financial Overview
FINANCIAL OVERVIEW Q1 BY 2019/20 voestalpine AG 11 | August, 2019 | Investor Relations
Slide 12: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1 BY 2018/19 BY 2019/20 Delta 2018/04/01-2018/06/30 2019/04/01-2019/06/30 % Revenue 3,469 3,336 -3.8 EBITDA 513 371 -27.7 EBITDA margin 14.8 % 11.1 % EBIT 324 157 -51.6 EBIT margin 9.3% 4.7 % Profit before tax 294 124 -57.7 Profit after tax* 226 90 -60.1 EPS – e
Slide 13: Development EBIT
voestalpine GROUP DEVELOPMENT EBIT Q1 BY 2019/20 324 25 11 -110 EBIT 157 9.3 % -93 EBIT 4.7 % Q1 BY Price Raw Mix/ Misc. Q1 BY 2018/19 Materials Volume 2019/20 In millions of euros voestalpine AG 13 | August, 2019 | Investor Relations
Slide 14: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1 BY 2018/19 Q1 BY 2019/20 2018/04/01-2018/06/30 2019/04/01-2019/06/30 Cash flow from results 369 317 Changes in working capital -372 -403 Cash flow from operating activities -3 -86 Cash flow from investing activities -291 -248 Free cash flow -294 -334 In mil
Slide 15: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO IFRS 16 6,710 6,712 6,554 6,060 5,652 5,262 5,075 5,115 4,289 4,263 4,691 4,836 4,262 83% 88% 3,572 3,897 3,762 71% 2,713 2,978 3,221 3,125 2,586 3,080 2,882 3,037 2,995 1,786 2,547 58% 2,259 2,421 58% 58% 54% 55% 53% 2,125 47% 1,853 45% 46% 46% 47% 34% 3
Slide 16: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 1,675 750 Committed lines -542 -157 585 Financial assets 340 Cash -677 -82 In millions of euros BY 2019/20 2019/20 2020/21 2021/22 2022/23 as of 2019/06/30 voestalpine AG 16 | August, 2019 | Investor Relations
Slide 17: 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