Salzgitter Ag · XETR:SZG
Salzgitter — Salzgitter Ag Akt Shs — Q2 2025 Earnings Presentation
22 slides from Salzgitter's earnings presentation, Aug 11, 2025
Slide 1: Analyst Conference
SALZGITTER AG ANALYST CONFERENCE August 11, 2025
Slide 2: Occupational Safety – Lost Time Injury Frequency (LTIF)
OCCUPATIONAL SAFETY – LOST TIME INJURY FREQUENCY (LTIF) S a l z git t e r G r o up 12,36 9,57 8,42 8,57 7,60 7,45 6,78 6,33 2018 2019 20 2021 2022 2023 2024 Jun 25 Accidents per 1 million hours worked from the first day of absence and fatal accidents; core workforce and apprenticeships. 2018–2020: d
Slide 3: Market Environment
MARKET ENVIRONMENT P o l it ica l a n d e c o n o mic e n vir o n me n t Chaotic US tariff policy remains the biggest threat to the global economy / Chance of tensions easing, but significant downside risks remain for automotive and other steel-intensive export goods / Chinese export industry curren
Slide 4: Raw Material and Energy Prices
RAW MATERIAL AND ENERGY PRICES P o l it ica l a n d e c o n o mic e n vir o n me n t RAW MATERIAL PRICES (US$/t) ENERGY PRICES (€/MWh) IRON ORE COKING COAL ELECTRICITY NATURAL GAS (6 2 % Fe C F R C h i n a , U S $ / d m t ) (F O B A u s t r a l i a , U S $ / t ) (F u tu r es m a r k e t f ro n t y e
Slide 5: Steel Prices
STEEL PRICES P o l it ica l a n d e c o n o mic e n vir o n me n t SPOT PRICES NORTHERN EUROPE (€/t) HOT-ROLLED COIL PRICES INTERNATIONAL (€/t) 1,300 1,300 1,100 1,100 900 900 700 700 500 500 300 300 Jan' 23 Jul' 23 Jan' 24 Jul' 24 Jan' 25 Jul' 25 Jan' 23 Jul' 23 Jan' 24 Jul' 24 Jan' 25 Jul' 25 HRC
Slide 6: Key Data Salzgitter Group per June 30, 2025
KEY DATA SALZGITTER GROUP PER JUNE 30, 2025 Business development and strategy H1 2025 H1 2024 Crude steel production kt 2,926 3,329 -403 External sales1 € million 4,665 5,243 -579 EBIT € million 117 234 -117 Earnings before taxes € million -84 11 -95 Earnings after taxes € million -89 -19 -70 Earn
Slide 7: Business Development Business Units H1 2025
BUSINESS DEVELOPMENT BUSINESS UNITS H1 2025 Business development and strategy Steel Production Steel Processing* Trading Technology Sales € 1,705 m (€1,816 m) € 598 m (€859 m) € 1,430 m (€ 1,604 m) € 845 m (€ 871 m) EBITDA € 66 m (€101 m) € -40 m (-€37 m) € 25 m (€ 17 m) € 70 m (€ 71 m) EBT € -56 m
Slide 8: Management Guidance
MANAGEMENT GUIDANCE Business development and strategy We anticipate the following for the Salzgitter Group in the financial year 2025 / sales of between € 9.0 billion and € 9.5 billion, / EBITDA of between € 300 million and € 400 million, / a pre-tax result of between € -100 million and € 0 million,
Slide 9: Steel and Metals Action Plan
STEEL AND METALS ACTION PLAN Business development and strategy TRADE DEFENSE CBAM KEY MARKETS / ENERGY / BUREAUCRACY / Complete safeguard review (meanwhile / Details regarding an export solution / Proposal for resilience/sustainability completed) in Q4/2025 criteria for tenders in Q4/2025 / Effectiv
Slide 10: Holistic Approach to Economic Stability
HOLISTIC APPROACH TO ECONOMIC STABILITY Business development and strategy STEEL PROCESSING TRADING TL approval for SECURE® 500, further Expansion of green steel in the Middle East approvals expected in the second half and scrap in Africa and Southeast Asia of the year Marketing of high-quality heavy
Slide 11: Holistic Approach for Economic Stability
HOLISTIC APPROACH FOR ECONOMIC STABILITY Business development and strategy PORTFOLIO ECONOMIC MEASURES Sale of the Mannesmann Stainless Tubes Group Consistent implementation of restrictive investment approvals, Trading: sale of business staffing levels and budget adjustments to Hoberg & Driesch Focu
Slide 12: Earnings Improvement Program P28
EARNINGS IMPROVEMENT PROGRAM P28 Business development and strategy EFFECTS OF MEASURES P28 FY 2025 (million €) 100 90 80 70 60 50 1 2 2 97 40 15 30 65 48 20 28 10 0 2024 Cumulative Steel Production Steel Procecessing Trading Technology Ind. Participations H1 2025 cumulative Target 2025 2025 measures
Slide 13: Overview
OVERVIEW Sales EBITDA Fin a n ce s [€ million] [€ million] 4,665 116.8 H1 2024: 5,243 H1 2024: 233.6 Sales down markedly to € 4.7 billion due to lower revenues in steel and steel-related activities and deconsolidation of the Mannesmann Stainless Tubes Group Earnings include €80 million in charges fr
Slide 14: Profit and Loss Statement
PROFIT AND LOSS STATEMENT Fin a n ce s Income Statement (€ million) H1 2025 H1 2024 Sales 4,664.7 5,243.2 -578.5 Increase/decrease in finished goods and work in process/other own -165.4 89.8 -255.2 work capitalized Total operating performance 4,499.2 5,333.0 -833.8 Other operating income 312.8 216
Slide 15: Balance Sheet
BALANCE SHEET Fin a n ce s Assets (€ million) 06/30/2025 06/30/2024 Non-current assets 5,107.2 4,991.6 115.6 Intangible assets, property, plant and equipment 2,900.2 2,849.2 51.0 Investment property 63.8 65.5 -1.7 Financial assets 28.4 26.2 2.2 Investments accounted for using the equity method 1,7
Slide 16: Balance Sheet
BALANCE SHEET Fin a n ce s Equity and liabilities (€ million) 06/30/2025 06/30/2024 Equity 4,351.6 4,448.9 -97.3 Subscribed capital 161.6 161.6 0.0 Capital reserve 257.0 257.0 0.0 Retained earnings 4,274.0 4,304.7 -30.7 Other reserves 22.6 75.8 -53.2 Unappropriated retained earnings 1.3 12.1 -10.8
Slide 17: Cash Flow Statement
CASH FLOW STATEMENT Fin a n ce s (€ million) H1 2025 H1 2024 Cash and cash equivalents at the start of the period 1,002.2 939.7 62.5 Cash flow from operating activities 81.0 -137.3 218.3 Cash flow from investing activities -243.5 -264.4 20.9 Cash flow from financing activities -47.3 45.3 -92.6 Cha
Slide 18: Working Capital
WORKING CAPITAL Finances WORKING CAPITAL (€ million) -561 3,500 3,049 3,033 3,000 2,666 2,483 2,489 2,500 2,000 1,500 1,000 500 0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Working capital development reflects strict working capital management and lower prices for raw materials and steel products © 202
Slide 19: Investments and Depreciation
INVESTMENTS AND DEPRECIATION Fin a n ce s (€ million) 899 583 475 295 20 4 241 286 317 329 159 2022 2023 2024 H1 2025 Scheduled Unscheduled Investments1 depreciation depreciation 1 Property, plant and equipment and intangible assets, excluding financial assets Focus on expansion investments and SALC
Slide 20: Conclusion
CONCLUSION / First half of 2025 as expected: no recovery compared with last year / Delayed recovery in steel demand in the second half of 2025 / Salzgitter AG with a holistic approach for economic stability and growth / Earnings improvement and restructuring measures are taking effect / Net financia
Slide 21: Disclaimer
DISCLAIMER LEGAL NOTE COPYRIGHTS To the extent that our Internet pages contain statements oriented towards or related to This data file and the data contained on these pages (including, among others, texts, the future, such statements are based on our current state of knowledge and the images and gr
Slide 22: Salzgitter AG
SALZGITTERAG People, Steel and Technology
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