Kloeckner & Co Se · XETR:KCO
Kloeckner & — Klöckner & — Q3 2025 Earnings Presentation
28 slides from Kloeckner &'s earnings presentation, Nov 5, 2025
Slide 1: Q3 2025 Results
Q3 2025 Results Analysts’ and Investors’ Conference Call Guido Kerkhoff | CEO Dr. Oliver Falk | CFO John Ganem | Member of the Management Board November 5, 2025
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements which reflect the current views of the management of In addition to the key figures prepared in accordance with IFRS and German-GAAP respectively, Klöckner & Co SE is Klöckner & Co SE with respect to future events. They generally are d
Slide 3: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | Q3 2025 Results | Analysts’ and Investors’ Conference 3
Slide 4: Highlights of Q3 2025
Highlights of Q3 2025 Q3 2025 Q3 2024 Delta Slight increase on Group level driven by continued positive development at Shipments (Tto) 1,144 1,122 +1.9% Kloeckner Metals Americas Slight decrease yoy despite positive shipments development as a result of lower Sales (€m) 1,609 1,646 -2.2% average pric
Slide 5: Segment performance
Segment performance KM Americas Shipments (Tto) Sales (€m) EBITDA*) (€m) -3.2% +2.8% 972 987 963 941 724 757 762 744 865 665 66 48 44 42 28 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 KM Europe Shipments (Tto) Sales (€m) EBI
Slide 6: Intensifying focus on higher value-added and service center business
Intensifying focus on higher value-added and service center business Decisive milestones in the execution of our strategy “Klöckner & Co: Leveraging Strengths – Step up 2030” United States Germany Divestment of eight distribution sites Expanding defense and infrastructure footprint Announced inten
Slide 7: Positioning for higher profitability and sustainable growth
Positioning for higher profitability and sustainable growth Recent achievements on our journey towards becoming the leading metal processor and the leading service center company in North America and Europe Improved earnings profile by prioritizing businesses with higher Sales split by business pr
Slide 8: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | Q3 2025 Results | Analysts’ and Investors’ Conference 8
Slide 9: Our net working capital management
Our net working capital management Generated solid EBITDA*) in the third quarter in line with guidance ~1,000 ~-11% Achieved EBITDA*) of €43m in Q3 2025 and €150m in 9M 2025; ~+33% both a considerable increase yoy ~890 ~750 Despite negative OCF of €118m in Q3 2025, we continue to expect ~730 ~+1
Slide 10: Shipments, sales and gross profit development
Shipments, sales and gross profit development Shipments & sales Gross profit & gross profit margin 317 320 1,646 1,666 295 1,643 1,609 1,484 262 261 1,170 1,164 1,122 1,144 1,027 19.5 19.0 18.3 17.6 15.9 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Shipments (Tto)
Slide 11: EBITDA development
EBITDA development EBITDA (€m) in Q3 2025 EBITDA before material special effects in Q3 2025 of €43m -16 Positive volume effect of €5m and price effect of €36m yoy 36 -3 -7 OPEX higher by €16m yoy Negative F/X effects of €3m yoy 5 43 Material special effects mainly relate to restructuring i
Slide 12: Cash flow and net debt development
Cash flow and net debt development Cash flow Q3 2025 (€m) EBITDA reported of €36m 36 Temporary net working capital increase of €144m -144 -118 Negative cash flow from operating activities -141 of €118m Net CAPEX of €23m -12 -5 7 -23 Free cash flow accordingly negative at €141m EBITDA Chang
Slide 13: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | Q3 2025 Results | Analysts’ and Investors’ Conference 13
Slide 14: Region specific business outlook 2025
Region specific business outlook 2025 Real steel Construction Manufacturing, Transportation Household & Energy demand Industry Machinery & Commercial Industry Mech. Eng Appliances North America 0% to +1% Europe -1% to 0% Klöckner & Co SE | Q3 2025 Results | Analysts’ and Investors’ Conference 14
Slide 15: Outlook FY 2025
Outlook FY EBITDA before material special effects expected to come in between €170-240m 2025 Expecting significantly positive operating cash flow Klöckner & Co SE | Q3 2025 Results | Analysts’ and Investors’ Conference 15
Slide 16: Q&A session
Q&A session Guido Kerkhoff Dr. Oliver Falk John Ganem CEO CFO CEO Americas Klöckner & Co SE | Q3 2025 Results | Analysts’ and Investors’ Conference 16
Slide 17: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | Q3 2025 Results | Analysts’ and Investors’ Conference 17
Slide 18: Quarterly and FY results
Quarterly and FY results Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 FY FY FY FY FY FY (€m) 2025 2025 2025 2024*) 2024*) 2024*) 2024*) 2023*) 2023*) 2023*) 2023*) 2024*) 2023*) 2022*) 2022 2021 2020 Shipments (Tto) 1,144 1,164 1,170 1,027 1,122 1,164 1,139 1,026 1,091 1,044 1,087 4,453 4,248 4,193 4,629 4,881
Slide 19: Balance sheet development
Balance sheet development Equity ratio of 44%, gearing*) of 66% and leverage of 5.5x Assets (€m) Equity & Liabilities (€m) 3,538 3,462 3,538 3,462 1,282 1,138 1,721 1,528 49% 44% 1,176 1,291 896 1,055 19 18 828 722 644 575 122 121 56 264 258 286 Dec. 31, 2024 Sep. 30, 2025 Dec. 31, 2024 Sep. 30, 202
Slide 20: Developing from a steel distribution company to a metal processor
Developing from a steel distribution company to a metal processor Adapting to the significantly altered business environments with sharpened strategic focus to ensure sustainable growth, mitigate risks and maintain competitiveness in dynamic market landscape Service center business and especially
Slide 21: Sales by markets, products and industries
Sales by markets, products and industries Sales by markets Sales by products Sales by industries 1% 1% 9% 7% 16% 8% 5% 28% 8% 11% 10% 56% 24% 59% 21% 11% 25% North America Flat products Long products Construction Germany/Austria Manufacturing, Machinery, Mechanical Engineering Switzerland Aluminum S
Slide 22: Share performance in Q3 2025
Share performance in Q3 2025 125% After a positive start, the share price of 120% Klöckner & Co reached its highest level of €7.16 on July 10 115% After that, the share price declined, 110% reaching its lowest level of €5.41 on 105% September 3 and again on September 9 It went out of trading a
Slide 23: Maturity profile
Maturity profile Facility Committed Drawn amount €m Sep 30, 2025 (€m) Sep 30, 2025 Sep 30, 2025 Dec 31, 2024 Adjusted equity2) 1,518 Syndicated Loan 350 192 173 Net Debt 1,003 ABS Germany1) 100 65 30 Gearing3) 66% ABL USA 554 420 375 Leverage4) 5.5x ABL Mexico 98 77 48 Syndicated Loan CH 214 144 85
Slide 24: Dividend policy
Dividend policy In general, Klöckner & Co SE follows a dividend policy of distributing 30% Due to earnings-related reasons, no dividend payment in 2011, of net income before special items. Given the volatility of our business 2012, 2013 and 2015 model, a sustainable dividend payment cannot be guar
Slide 25: Our ambitious climate targets
Our ambitious climate targets Our net zero carbon targets have been approved as science-based targets by the Science Based Targets initiative (SBTi) Scope 1 & 2 Scope 3 Scope 3 Own direct and Under direct Not under direct indirect emissions influence influence 62.5% reduction 50% reduction 30% reduc
Slide 26: Nexigen Steel Categorization
NEXIGEN® STEEL CATEGORIZATION Six categorizations for transparent carbon emissions We have developed a categorization for CO2-reduced steel so that customers can directly see the carbon footprint of their purchased product. Emission in kg CO2 / t steel LEADING THE SUSTAINABILITY TRANSFORMATION Metho
Slide 27: Nexigen categorizations for stainless steel & aluminum
A comprehensive approach Nexigen® categorizations for stainless steel & aluminum Stainless Steel Emission in kg CO2 / t stainless steel Aluminum Emission in kg CO2 / t aluminum Klöckner & Co SE | Q3 2025 Results | Analysts’ and Investors’ Conference
Slide 28: Financial calendar
Financial calendar March 11, 2026 Annual Financial Statements 2025 Fabian Joseph May 6, 2026 Head of Investor Relations Q1 quarterly statement 2026 May 20, 2026 +49 211 88245-488 Annual General Meeting 2026 fabian.joseph@kloeckner.com August 5, 2026 Half-yearly financial report 2026 www.kloeckner.co