Voestalpine Ag · VIE:VOE
Voestalpine — FY2013/14 Earnings Presentation
20 slides from Voestalpine's earnings presentation, June 2014
Slide 1: Financial Year 2013/14 Investor Relations
Financial Year 2013/14 Investor Relations June 2014 voestalpine AG voestalpine AG www.voestalpine.com
Slide 2: voestalpine Group Overview
voestalpine Group Overview From a steel producer to a technology and industrial goods corporation n High-tech steel is the base of voestalpine, but 15 years of downstream strategy have converted the group from a steelmaker to a technology and industrial goods corporation n Based on premium products,
Slide 3: Business concept
voestalpine Group Business concept Number 3 in Europe by revenue and market cap n The combination of metallurgical know-how in steel making and top processing expertise leads to innovative technical solutions and new products n Focus on strategic markets with utmost technology and quality standards
Slide 4: Global footprint
voestalpine Group Global footprint One Group – 500 sites – 50 countries – 5 continents Revenue by regions (Financial year 2013/14) (thereof Austria: 10 %, Germany: 30 %) Revenue by industries (Financial year 2013/14) MOBILITY: 47 % 62 % ENERGY: 15 % voestalpine AG 4 | June 2014 | Investor Relations
Slide 5: Long-term strategy, cornerstones 2020
voestalpine Group Long-term strategy, cornerstones 2020 n Enhanced continuation of value-added growth n Growth focus on mobility- and energy-related industries (70% of sales in 2020), aiming there for a globally leading position in defined high-tech product segments n Expansion focused on growth mar
Slide 6: Cost & efficiency improvement program
voestalpine Group Cost & efficiency improvement program n Efficiency improvement and cost optimisation program launched in March n Savings target of 900 €m after full implementation over three years period n Effects on net profit line realistically diluted by cost inflation and fierce price competit
Slide 7: Investment focus of the divisions without acquisitions
voestalpine Group Investment focus of the divisions without acquisitions Steel Division Metal Engineering Division Continuous annealing line for production of New wire rod mill at Donawitz/Austria Focus Profitable growth premium quality electrical strip (Q1 14/15*) site, most modern plant of its kin
Slide 8: Business development
voestalpine Group Business development n Challenging macroeconomic environment over whole of €m Q1 Q2 Q3 Q4 FY FY Delta 2013/14 2013/14 2013/14 2013/14 2013/14 2012/13 in % FY 2013/14 Sales 2,936 2,788 2,661 2,844 11,228 11,524 -2.6 n Stagnation in Europe at low level until end of CY 2013 EBIT 223 1
Slide 9: Steel Division Business development
Steel Division Business development n Overall subdued sentiment in European steel industry in €m Q1 2013/14 Q2 2013/14 Q3 2013/14 Q4 2013/14 FY 2013/14 FY 2012/13 Delta in % FY 2013/14 Sales 990 939 887 995 3,810 3,922 -2.9 n Structural overcapacities unsolved EBIT 55 30 29 47 160 215 -25.5 n Downwa
Slide 10: Special Steel Division Business development
Special Steel Division Business development €m Q1 Q2 Q3 Q4 FY FY Delta n Challenging environment for Special Steel Division over most 2013/14 2013/14 2013/14 2013/14 2013/14 2012/13 in % of FY 2013/14, improved situation since turn of the year Sales 683 643 621 681 2,628 2,748 -4.4 n Continued restr
Slide 11: Metal Engineering Division Business development
Metal Engineering Division Business development €m Q1 Q2 Q3 Q4 FY FY Delta n Unchanged of strong development of the Division in 2013/14 2013/14 2013/14 2013/14 2013/14 2012/13 in % FY 2013/14 Sales 767 730 678 656 2,831 2,914 -2.8 EBIT 83 84 79 72 317 318 -0.2 n Railway infrastructure as backbone of
Slide 12: Metal Forming Division Business development
Metal Forming Division Business development €m Q1 Q2 Q3 Q4 FY FY Delta n Healthy demand in Automotive Body Parts business 2013/14 2013/14 2013/14 2013/14 2013/14 2012/13 in % n Some recovery of volume car producers since autumn Sales 598 568 574 617 2,357 2,310 +2,0 2013, premium segment unchanged o
Slide 13: Financial overview
Financial overview voestalpine AG voestalpine AG www.voestalpine.com
Slide 14: Consolidated overview
voestalpine Group Consolidated overview FY 2012/13 FY 2013/14 01.04.2012 - 31.03.2013 01.04.2013 - 31.03.2014 €m % of Sales €m % of Sales Delta Sales 11,524 100.0 11,228 100.0 -2.6 EBITDA 1,431 12.4 1,383 12.3 -3.4 EBIT 843 7.3 792 7.1 -6.0 EBT 655 5.7 656 5.8 +0.2 Net profit 522 4.5 523 4.7 +0.2 *
Slide 15: Development EBIT
voestalpine Group Development EBIT 843 €m 792 €m 100 €m 182 €m -15 €m EBIT -318 €m EBIT 7.3% 7.1 % 2012/13 Raw Mix/ Price Misc. 2013/14 materials Volume voestalpine AG 15 | June 2014 | Investor Relations
Slide 16: Development cash flow
voestalpine Group Development cash flow FY 2012/13 FY 2013/14 01.04.2012 - 31.03.2013 01.04.2013 - 31.03.2014 €m €m Cash flow from results 1,097 1,175 Changes in working capital 225 -258 Cash flow from operating activities 1,322 917 Cash from investing activities -814 -865 Free cash flow 508 52 voes
Slide 17: Development gearing ratio
voestalpine Group Development gearing ratio voestalpine AG 17 | June 2014 | Investor Relations
Slide 18: Development liquidity
voestalpine Group Development liquidity Liquidity per 31.03.2014 Redemption – Schedule per 31.03.2014 1,536 €m Committed lines Financial assets Cash voestalpine AG 18 | June 2014 | Investor Relations
Slide 19: Outlook
voestalpine Group Outlook n Increasing dynamics of global economy in 2014 expected. Confidence based on n Progress of restructuring in Southern and (partly) Eastern European countries n Sound upturn of economy in US and stabilization of GDP-growth in China at around 7% n However, subdued growth pros
Slide 20: IR Contact
IR Contact Peter Fleischer Head of Investor Relations Reuters E-Mail [email protected] VOES.VI Phone +43/50304/15-9949 Gerald Resch Bloomberg Investor Relations Manager VOE AV E-Mail [email protected] Phone +43/50304/15-3152 voestalpine AG voestalpine AG www.voestalpine.com