Voestalpine Ag · VIE:VOE
Voestalpine — Q1 BY 2022/23 Earnings Presentation
19 slides from Voestalpine's earnings presentation, August 2022
Slide 1: Business Year 2022/23 1st Quarter
BUSINESS YEAR 2022/23 1 QUARTER st Investor Relations AUGUST 2022 voestalpine AG www.voestalpine.com
Slide 2: Business Environment Q1 BY 2022/23
voestalpine GROUP BUSINESS ENVIRONMENT Q1 BY 2022/23 » Robust demand situation in Q1 despite cooling of economic climate » Europe: soaring energy prices drive up inflation and negatively impact consumer confidence » USA: decreasing sentiment due to tightening of monetary policy » Brazil: strongly ri
Slide 3: Development of Divisions Q1 BY 2022/23
DEVELOPMENT OF DIVISIONS Q1 BY 2022/23 voestalpine AG 3 | August 2022 | Investor Relations
Slide 4: Steel Division Business Development Q1 BY 2022/23
STEEL DIVISION BUSINESS DEVELOPMENT Q1 BY 2022/23 Q1 Q2 Q3 Q4 Q1 Delta €m 21/22 21/22 21/22 21/22 22/23 in % Revenue 1,206 1,262 1,433 1,801 1,826 +51.4 EBITDA 245 243 272 391 527 +114.9 EBITDA-% 20.3% 19.3% 18.9% 21.7% 28.8% EBIT 179 178 207 326 462 +158.3 EBIT-% 14.8% 14.1% 14.4% 18.1% 25.3% voest
Slide 5: Steel Division Business Development Q1 BY 2022/23
STEEL DIVISION BUSINESS DEVELOPMENT Q1 BY 2022/23 » Development in Q1 2022/23 » Highly volatile business environment in European steel sector as consequence of the war in Ukraine » In general favorable steel price situation based on high energy & raw material prices » Gratifying demand development i
Slide 6: High Performance Metals Division Business Development Q1 BY 2022/23
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT Q1 BY 2022/23 Q1 Q2 Q3 Q4 Q1 Delta €m 21/22 21/22 21/22 21/22 22/23 in % Revenue 704 721 736 891 959 +36.2 EBITDA 101 90 78 130 146 +44.3 EBITDA-% 14.4% 12.5% 10.6% 14.5% 15.2% EBIT 61 51 39 76 108 +75.4 EBIT-% 8.7% 7.0% 5.3% 8.5% 11.2% voestalpi
Slide 7: High Performance Metals Division Business Development Q1 BY 2022/23
HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT Q1 BY 2022/23 » Development in Q1 2022/23 » Robust performance on high level of HPM Division » Increasing cost burden from raw materials & energy successfully passed on in Europe, however limited capability in oversea markets » Tool steel: automo
Slide 8: Metal Engineering Division Business Development Q1 BY 2022/23
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT Q1 BY 2022/23 Q1 Q2 Q3 Q4 Q1 Delta €m 21/22 21/22 21/22 21/22 22/23 in % Revenue 801 814 858 903 1,042 +30.1 EBITDA 96 104 87 119 121 +26.0 EBITDA-% 12.0% 12.7% 10.1% 13.2% 11.6% EBIT 52 59 43 74 77 +48.4 EBIT-% 6.5% 7.3% 5.0% 8.2% 7.4% voestalpine AG
Slide 9: Metal Engineering Division Business Development Q1 BY 2022/23
METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT Q1 BY 2022/23 » Development in Q1 2022/23 » Railway Systems: rail deliveries in European core markets on good level, global satisfactory demand for turnout systems » Wire Technology: somewhat easing dynamics in course of Q1 after strong start into BY 2
Slide 10: Metal Forming Division Business Development Q1 BY 2022/23
METAL FORMING DIVISION BUSINESS DEVELOPMENT Q1 BY 2022/23 Q1 Q2 Q3 Q4 Q1 Delta €m 21/22 21/22 21/22 21/22 22/23 in % Revenue 826 792 836 1,021 1,039 +25.8 EBITDA 105 87 90 153 114 +9.1 EBITDA-% 12.7% 10.9% 10.7% 14.9% 11.0% EBIT 68 50 52 51 78 +14.6 EBIT-% 8.2% 6.3% 6.2% 5.0% 7.5% voestalpine AG 10
Slide 11: Metal Forming Division Business Development Q1 BY 2022/23
METAL FORMING DIVISION BUSINESS DEVELOPMENT Q1 BY 2022/23 » Development in Q1 2022/23 » Mixed development in Automotive Components: volatile order call offs in Europe, somewhat better utilization rates in China and the US » Twofold situation at Tubes and Sections » Project deferrals in building indu
Slide 12: Financial Overview Q1 BY 2022/23
FINANCIAL OVERVIEW Q1 BY 2022/23 voestalpine AG 12 | August 2022 | Investor Relations
Slide 13: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1 BY 2021/22** Q1 BY 2022/23 Delta 2021/04/01-2021/06/30 2022/04/01-2022/06/30 % Revenue 3,374 4,645 +37.7 EBITDA 522 879 +68.5 EBITDA margin 15.5% 18.9% EBIT 332 693 +109.0 EBIT margin 9.8% 14.9% Profit before tax 311 670 +115.6 Profit after tax from continuing
Slide 14: YoY Development EBITDA Q1 BY 2022/23
voestalpine GROUP YoY DEVELOPMENT EBITDA Q1 BY 2022/23 1 022 1 879 -619 -47 522 EBITDA- EBITDA- margin margin 18.9 % 15.5 % Q1 BY Price Raw Mix/ Misc. Q1 BY 2021/22 Materials Volume 2022/23 In millions of euros voestalpine AG 14 | August 2022 | Investor Relations
Slide 15: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1 BY 2021/22 Q1 BY 2022/23 2021/04/01-2021/06/30 2022/04/01-2022/06/30 Cash flow from results 480 755 Changes in working capital -208 -1,306 Cash flow from operating activities 272 -551 Cash flow from investing activities -145 585 Free cash flow 127 34 In mil
Slide 16: Development Gearing Ratio
voestalpine GROUP DEVELOPEMENT GEARING RATIO 7 670 7,069 6,554 6,710 88% 6,060 83% 5,652 5,615 5,650 5,075 5,262 5,115 4,691 4,836 4,263 4,262 67% 4,289 3,572 71% 58% 3,762 55% 53% 3,775 49% 58% 46% 3,080 2,995 2,882 3,037 54% 3,221 3,125 2,978 2,743 1,786 2,547 2,713 2,586 45% 47% 2,421 47% 2,291 2
Slide 17: Liquidity and Redemption Schedule
voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity Redemption 2 196 -288 1 000 Committed lines -231 139 Financial assets 1 057 Cash -1 008 -215 Q1 BY 2022/23 2022/23 2023/24 2024/25 2025/26 In millions of euros voestalpine AG 17 | August 2022 | Investor Relations
Slide 18: Outlook BY 2022/23
voestalpine GROUP OUTLOOK BY 2022/23 » Leading indicators clearly point to a slowdown of the economy in the course of BY 2022/23 » In this environment, the record results of Q1 cannot reasonably be expected to continue in subsequent quarters » Cyclical business segments such as the flat steel busine
Slide 19: 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