Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — FY2024 Earnings Presentation
27 slides from Kloeckner &'s earnings presentation, Mar 12, 2025
Slide 1: FY 2024 Results
FY 2024 Results Analysts’ and Investors’ Conference Call Guido Kerkhoff | CEO Dr. Oliver Falk | CFO John Ganem | Member of the Management Board March 12, 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 | FY 2024 Results | Analysts’ and Investors’ Conference 3
Slide 4: Highlights of FY 2024
Highlights of FY 2024 FY 2024*) FY 2023*) Delta Increase yoy driven by strong development of Kloeckner Metals Americas segment Shipments (Tto) 4,453 4,248 +4.8% and acquisitions in H2 2023; Europe continued to face a challenging market environment Sales (€m) 6,632 6,957 -4.7% Decrease due to signifi
Slide 5: Segment performance
Segment performance KM Americas Shipments (Tto) Sales (€m) EBITDA*) (€m) +1.5% -9.6% 714 741 724 655 665 43 41 42 1,030 1,050 972 956 865 31 28 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 KM Europe Shipments (Tto) Sales (€m)
Slide 6: Developing from a steel distributor to a leading SSC company and HVAB powerhouse
Developing from a steel distributor to a leading SSC company and HVAB powerhouse Continuing to strengthen focus on SSC and higher value-added business Service Center business and especially HVAB less dependent on steel EBITDA before MSE*) development by business price developments 400 HVAB SSC A
Slide 7: Leveraging our competitive advantage in North America
Leveraging our competitive advantage in North America Investment in new aluminum processing facility drives growth and market leadership Columbus, MS, United States Investing in flat-rolled aluminum processing facility on the campus of Aluminum Dynamics LLC (ADL), thereby supporting long-standing
Slide 8: Driving efficiency and growth in the DACH-region
Driving efficiency and growth in the DACH-region Continuing investment to enable profitable growth Germany Switzerland Invested in advanced 30 KW laser Optimizing logistics by introducing in Kassel combined transport, linking rail Increasing our laser capacity and and road logistics enabling f
Slide 9: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | FY 2024 Results | Analysts’ and Investors’ Conference 9
Slide 10: Our net working capital management
Our net working capital management Solid operating performance despite ongoing difficult market environment ~1,200 ~-38% ~930 Steel price correction over large parts of the year leading to ~870 significantly negative windfall losses ~770 ~770 ~750 ~-24% ~730 ~750 − However, Klöckner achieved EBITD
Slide 11: Shipments, sales and gross profit
Shipments, sales and gross profit Shipments & sales Gross profit & gross profit margin 1,765 297 294 1,737 1,646 269 1,606 262 261 1,484 1,139 1,164 1,122 1,026 1,027 16.7 17.1 16.6 15.9 17.6 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Shipments (Tto) Sales (€m) G
Slide 12: EBITDA (€m) in Q4 2024 and FY 2024
EBITDA (€m) in Q4 2024 and FY 2024 EBITDA (€m) in Q4 2024 EBITDA in FY 2024 impacted by persistently challenging market 0 environment and significantly negative price effects 15 -16 Despite aforementioned environment, generated EBITDA before 0 -1 32 material special effects of €32m in Q4 2024 an
Slide 13: Cash flow and net debt development
Cash flow and net debt development Cash flow FY 2024 (€m) Reported EBITDA of €109m -52 Net working capital release of €160m -35 160 -23 Positive cash flow from operating activities of €160m -121 160 64 Net CAPEX of €-121m 109 103 39 Free cash flow of €103m for FY 2024 including EBITDA Chan
Slide 14: Maturity profile
Maturity profile Facility Committed Drawn amount €m Dec 31, 2024 (€m) Dec 31, 2024 Dec 31, 2024 Dec 31, 2023 Adjusted equity4) 1,712 Syndicated Loan1) 350 173 155 Total Liquidity5) 1,008 ABS Europe2) 300 30 98 Net Debt 780 ABL USA 626 375 407 Gearing6) 46% ABL Mexico 111 48 - Leverage7) 5.7x Syndica
Slide 15: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | FY 2024 Results | Analysts’ and Investors’ Conference 15
Slide 16: 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 +1% to +2% Europe 0% to +1% Klöckner & Co SE | FY 2024 Results | Analysts’ and Investors’ Conference 16
Slide 17: Outlook
Outlook Considerable increase of shipments and sales expected (qoq) Q1 EBITDA before material special effects expected around the level of previous year’s quarter 2025 (Q1 2024: €42m) Shipments and sales expected to increase considerably yoy FY EBITDA before material special effects expected
Slide 18: Agenda
Agenda 1. Highlights and update on strategy 2. Financials 3. Outlook 4. Appendix Klöckner & Co SE | FY 2024 Results | Analysts’ and Investors’ Conference 18
Slide 19: Quarterly and FY results
Quarterly and FY results Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q4 Q3 Q2 Q1 FY FY FY FY FY FY (€m) *) *) *) *) *) *) *) *) *) *) *) *) 2024 2024 2024 2024 2023 2023 2023 2023 2022 2022 2022 2022 2022 2024 2023 2022 2022 2021 2020 Shipments (Tto) 1,027 1,122 1,164 1,139 1,026 1,091 1,044 1,087 941 1,047 1,148 1,
Slide 20: Balance sheet development
Balance sheet development Equity ratio of 49%, gearing*) of 46% and leverage of 5.7x Assets (€m) Equity & Liabilities (€m) 3,867 3,867 3,538 3,538 1,132 1,282 1,755 1,721 45% 49% 1,400 1,291 928 896 25 773 19 683 407 722 644 155 121 122 476 258 Dec. 31, 2023 Dec. 31, 2024 Dec. 31, 2023 Dec. 31, 2024
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 FY 2024
Share performance in FY 2024 The capital market environment in 140 % 2024 remained volatile KCO SDAX DAX 130 % The share price of Klöckner & Co 120 % reached its peak level of €7.01 on 110 % February 12, 2024 100 % Subsequently, it declined to its lowest level of €4.41 on 90 % November 13, 202
Slide 23: 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 24: 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 25: 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 26: 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 | FY 2024 Results | Analysts’ and Investors’ Conference
Slide 27: Financial calendar
Financial calendar May 7, 2025 Q1 quarterly statement 2025 Fabian Joseph Head of Investor Relations May 28, 2025 Annual General Meeting 2025 +49 211 88245-488 fabian.joseph@kloeckner.com August 6, 2025 Half-yearly financial report 2025 www.kloeckner.com November 5, 2025 Q3 quarterly statement 2025 K