Voestalpine Ag · VIE:VOE
Voestalpine — Q1 BY 2023/24 Earnings Presentation
15 slides from Voestalpine's earnings presentation, August 2023
Slide 1: Business Year 2023/24 1st Quarter
BUSINESS YEAR 2023/24 1 QUARTER st Investor Relations August 2023 voestalpine AG www.voestalpine.com
Slide 2: Group Highlights Q1 BY 2023/24
voestalpine GROUP GROUP HIGHLIGHTS Q1 BY 2023/24 » Economic downturn in Europe » Financial tightening affects construction and manufacturing sectors in particular » Weak demand in construction, mechanical engineering, white goods and consumer goods industries » Stable, good situation in automotive i
Slide 3: Divisional Highlights Q1 BY 2023/24
voestalpine Group DIVISIONAL HIGHLIGHTS Q1 BY 2023/24 » Steel Division » Demand from automotive industry on very good level » Construction, mechanical engineering and consumer goods industries suffer from general economic downturn » Continuation of underlying trends in main customer segments expecte
Slide 4: Divisional Highlights Q1 BY 2023/24
voestalpine Group DIVISIONAL HIGHLIGHTS Q1 BY 2023/24 » Metal Engineering Division » Excellent performance in Railway Systems business » Tubulars and welding segments supported by strong energy sector » Wire segment affected by general economic downturn » Outlook in railway infrastructure unchanged
Slide 5: Financial Overview
voestalpine GROUP FINANCIAL OVERVIEW Q1 BY 2022/23 Q1 BY 2023/24 Delta 2022/04/01-2022/06/30 2023/04/01-2023/06/30 % Revenue 4,645 4,446 -4.3 EBITDA 879 505 -42.6 EBITDA margin 18.9 % 11.3 % EBIT 693 316 -54.4 EBIT margin 14.9 % 7.1 % Profit before tax 670 278 -58.5 Profit after tax from continuing
Slide 6: YoY Development EBITDA
voestalpine GROUP YoY DEVELOPMENT EBITDA Q1 BY 2023/24 879 -80 -147 505 -78 EBITDA- -69 margin EBITDA- 18.9 % margin 11.3 % Q1 Price Raw Mix/ Misc. Q1 2022/23 Materials Volume 2023/24 In millions of euros voestalpine AG 6 | August 2023 | Investor Relations
Slide 7: Development Cash Flow
voestalpine GROUP DEVELOPMENT CASH FLOW Q1 BY 2022/23 Q1 BY 2023/24 2022/04/01-2022/06/30 2023/04/01-2023/06/30 Cash flow from results 755 406 Changes in working capital -1,306 -396 Cash flow from operating activities -551 10 Cash flow from investing activities 585 -260 Free cash flow 34 -250 In mil
Slide 8: Outlook BY 2023/24
voestalpine GROUP OUTLOOK BY 2023/24 » No rapid reversal of central bank policy expected » Therefore, ongoing weak development of construction, mechanical engineering and consumer goods industries expected for the rest of BY 2023/24 » Forecast for demand from the automotive sector at least stable on
Slide 9: Decarbonization Update
DECARBONIZATION UPDATE voestalpine AG 9 | August 2023 | Investor Relations
Slide 10: Decarbonization Strategy: Step-by-Step Approach
DECARBONIZATION STRATEGY STEP-BY-STEP APPROACH Metal Engineering timeline Steel Division voestalpine group comment Division 5 blast furnaces „Synthetic“ green steel via Status Quo 20% Stake DRI facility banking model to develop market Phase 1 3 blast furnaces, 2 EAFs 2.5 mt green steel (up to) CAPEX
Slide 11: Production Processes – Status Quo
voestalpine GROUP PRODUCTION PROCESSES – STATUS QUO EUR 18.2 bn. revenues voestalpine Group BY 2022/23 68% of group 32% of group Metals business revenues Industrial business revenues Metal Engineering High Performance Metal Engineering Metal Forming Steel Division Division (part of) Metals Division
Slide 12: Production Processes in Phase 1: 2027-2030
voestalpine GROUP PRODUCTION PROCESSES in PHASE 1: 2027 - 2030 EUR 18.2 bn. revenues voestalpine Group BY 2022/23 68% of group 32% of group Metals business revenues Industrial business revenues Metal Engineering High Performance Metal Engineering Metal Forming Steel Division Division (part of) Metal
Slide 13: Production Processes in Phase 2: 2030-2035
voestalpine GROUP PRODUCTION PROCESSES in PHASE 2: 2030 - 2035 EUR 18.2 bn. revenues voestalpine Group BY 2022/23 68% of group 32% of group Metals business revenues Industrial business revenues Metal Engineering High Performance Metal Engineering Metal Forming Steel Division Division (part of) Metal
Slide 14: Decarbonization Update
voestalpine GROUP DECARBONIZATION UPDATE » Actual development » Order for electric arc furnace for Metal Engineering Division placed in July 2023 » Twin-EAF, technical capacity already covering phase 2 » Only technical modification for phase 2 necessary (no additional EAF) » Order placement for elec
Slide 15: Investor Relations
INVESTOR RELATIONS Peter Fleischer Gerald Resch T. +43/50304/15-9949 T. +43/50304/15-3152 [email protected] [email protected] voestalpine AG www.voestalpine.com