Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — Q1 2024 Earnings Presentation
14 slides from Kloeckner &'s earnings presentation, May 7, 2024
Slide 1: Press Conference Q1 2024
Your partner fora sustainable tomorrow Press Conference May 7, 2024 Guido Kerkhoff | CEO
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements which reflect the current views of the management of Klockner & 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
AGENDA 1. Highlights and update on strategy 2. Financials 3. Outlook 3 KlGckner & Co SE | Q1.2024 Results | Press Conference
Slide 4: Highlights of Q1 2024
HIGHLIGHTS OF Q1 2024 Increase yoy on Group level driven by continued strong development of Shipments (Tto) 1,139 1,087 44.8% Kloeckner Metals Americas and despite ongoing challenging macro environment in Europe Sales (€m) 1,737 1,840 -5.6% Decrease due to lower average price level yoy Gross profit
Slide 5: HVAB: lever towards less volatile earnings while increasing profitability
HVAB: LEVER TOWARDS LESS VOLATILE EARNINGS WHILE INCREASING PROFITABILITY Divestment of distribution business in France, the UK, the Netherlands and Belgium significantly strengthens focus on HVAB = Transaction considerably reduces dependence on low margin, cyclical commodity distribution business =
Slide 6: Agenda
AGENDA 1. Highlights and update on strategy 2. Financials 3. Outlook 6 KlGckner & Co SE | Q1.2024 Results| Press Conference
Slide 7: Solid operating performance
SOLID OPERATING PERFORMANCE Our net working capital management " EBITDA before material special effects of €42m despite ongoing challenging macro environment in Europe = Operating cash flow negative due to goq NWC build up after positive cash flow generation in each quarter of 2023 = Continued to mi
Slide 8: Shipments, sales and gross profit
SHIPMENTS, SALES AND GROSS PROFIT Shipments & Sales Gross profit & Gross profit margin 311 Q12023 Q2 2023 Q3 2023 Q4 2023 12024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Qt 2024 IM Shipments (Tto) Il Sales (€m) IM Grossprofit (€m) [Ml Gross margin (%) 8 KlGckner & Co SE | Q1.2024 Results| Press Conference
Slide 9: EBITDA in Q1 2024
EBITDA IN Q1 2024 EBITDA Material EBITDA Volume Price OPEX F/X _ EBITDA Material EBITDA Q12023 special Q12023 effect effect 12024 special Q12024 reported effects effects reported 9 Kldckner & Co SE | Q1.2024 Results| Press Conference Generated EBITDA before material special effects of €42m in Q1 202
Slide 10: Cash flow and net debt development
CASH FLOW AND NET DEBT DEVELOPMENT Cash flow Q1 2024 (€m) = EBITDA reported of €37m ee = = Net working capital increased by €50m r= — = Cash flow from operating activities of €-44m ne oa "Net CAPEX of €23m — = Free cash flow accordingly €-67m EBITDA Change in Interest Taxes Other_~—=sCash_—«Net CAPE
Slide 11: Agenda
AGENDA 1. Highlights and update on strategy 2. Financials 3. Outlook V1 Kléckner & Co SE | Q1 2024 Results | Press Conference
Slide 12: Region specific business outlook 2024
REGION SPECIFIC BUSINESS OUTLOOK 2024 mia O9 O O © -29, +0-2% ° ay — wl L ae T! |} Saar = Real steel Construction Manufacturing, Transportation Household & Energy demand industry machinery & mechanical Commercial industry engineering Appliances Eroe | ©} ©} © ©
Slide 13: Outlook
OUTLOOK Q2 2024 13 KlGckner & Co SE | Q12024 Results| Considerable increase of Shipments and Sales expected (qoq) EBITDA before material special effects expected to come in between €30-70m Positive cash flow from operating activities in first half of the year anticipated Shipments and Sales expected
Slide 14: Financial calendar and contact
kléckner & Your partner for a =] FINANCIAL CALENDAR ockner & CO sustainable tomorrow ] May 23, 2024 ? Annual General Meeting 2024 Christian Pokropp August 1, 2024 _ ; Head of Corporate Communication | RELA TSUA PUL SUISE Mi engl: Head of Group HR G +49 203 307-2050 November 6, 2024 Q3 quarterly stat