Kloeckner & Co SE · XETR:KCO
Kloeckner & — Klöckner & — Shareholder Meeting (May 2024)
13 slides from Kloeckner &'s shareholder meeting presentation, May 23, 2024
Slide 1: Annual General Meeting Klöckner & Co SE
ANNUAL GENERAL MEETING KLÖCKNER & CO SE May 23, 2024
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements which reflect the In addition to the key figures prepared in accordance with IFRS and current views of the management of Klöckner & Co SE with respect to German-GAAP respectively, Klöckner & Co SE is presenting non-GAAP future events.
Slide 3: Fiscal Year 2023
FISCAL YEAR 2023 FY 2023*) FY 2022*) FY 2023 FY 2022 Shipments (in Tto) 4,248 4,193 Equity (in €m) 1,755 1,968 Sales (in €m) 6,957 8,337 Equity ratio (in %) 45 51 EBITDA**) (in €m) 190 355 Liquid funds (in €m)*) 155 179 Net income (in €m) 0 213 Net financial debt (in €m)*) 775 584 Operating cash flo
Slide 4: First Quarter 2024
FIRST QUARTER 2024 Q1 2024*) Q1 2023*) Q1 2024 Q1 2023 Shipments (in Tto) 1,139 1,087 Equity (in €m) 1,727 1,945 Sales (in €m) 1,737 1,840 Equity ratio (in %) 47.6 51.6 EBITDA**) (in €m) 42 65 Liquid funds (in €m)*) 84 106 Net income (in €m) -8 24 Net financial debt (in €m)*) 790 539 Operating cash
Slide 5: EBITDA Development FY 2023 and Q1 2024
EBITDA DEVELOPMENT FY 2023 AND Q1 2024 FY 2023*) vs. FY 2022*) (in €m) Q1 2024*) vs. Q1 2023*) (in €m) 17 -5 2 -17 -179 70 -9 355 65 0 -4 0 -3 0 190 190 42 37 EBITDA Volume Price OPEX F/X EBITDA Material EBITDA EBITDA Material EBITDA Volume Price OPEX F/X EBITDA Material EBITDA FY 2022 effect effect
Slide 6: Share Price Development
SHARE PRICE DEVELOPMENT 2023 2024*) -26% Klöckner & Co -6% 4% ArcelorMittal -6% -2% Salzgitter -18% 11% thyssenkrupp -24% 20% DAX 11% 17% SDAX 8% -30% -20% -10% 0% 10% 20% -25% -15% -5% 5% 15% *) as of May 21, 2024 Klöckner & Co SE | Annual General Meeting 2024
Slide 7: Our Achievements 2023
OUR ACHIEVEMENTS 2023 Proof points of our strong performance over the last year: Closed and integrated value accretive National Material of Mexico acquisition Closed divestment of parts of our European distribution businesses Further increased exposure to HVAB through acquisition of Industrial Manuf
Slide 8: Further Portfolio Optimization Lowers Complexity, Increases Profitability and Resilience
FURTHER PORTFOLIO OPTIMIZATION LOWERS COMPLEXITY, INCREASES PROFITABILITY AND RESILIENCE Our activities during the past year… …lead to a higher focus on core markets Sale of European distribution business: ~1,400 FTEs (20 % of group) with sales of ~€ 785m (10 % of group) 15% Reduced exposure to
Slide 9: HVAB: Lever Towards Less Volatile Earnings While Increasing Profitability
HVAB: LEVER TOWARDS LESS VOLATILE EARNINGS WHILE INCREASING PROFITABILITY Divestment of distribution business in France, the UK, EBITDA before MSE*) development by business the Netherlands and Belgium significantly strengthens focus 500 HVAB in €m on HVAB 400 SSC in €m Transaction considerably red
Slide 10: Pioneer of a Sustainable Steel Industry
PIONEER OF A SUSTAINABLE STEEL INDUSTRY Reduced scope-1 &-2 emissions by ~52% in 2023 (vs. 2019) and already achieved mid-term target Established further partnerships focusing on the sustainable future of the steel industry including first deliveries and shipments Released Nexigen Data Service to vi
Slide 11: Outlook
OUTLOOK Q2 Considerable increase of Shipments and Sales expected (qoq) EBITDA before material special effects expected to come in between €30-70m 2024 Positive cash flow from operating activities in first half of the year anticipated Shipments and Sales expected to increase considerably yoy
Slide 12: Significantly Improved Operational Positioning
SIGNIFICANTLY IMPROVED OPERATIONAL POSITIONING Demonstrated solid operating performance in 2023 Improved our substance and positioning further with various strategic initiatives Strengthened focus on less volatile and profitable HVAB Consolidated our role as a pioneer of the sustainable stee
Slide 13: Annual General Meeting Klöckner & Co SE
ANNUAL GENERAL MEETING KLÖCKNER & CO SE May 23, 2024