Business Year 2008/09 Financial results June 2009 voestalpine AG www.voestalpine.com
Investor voestalpine group Relations03071K410_Roadshow_Pres – 81695be6 Unique business model Niche focused high tech / high quality strategy � Market leader in the niches voestalpine operates � Diversified by regions, segments and products � No spot market exposure, long term contracts � Well balanced portfolio � Sales breakdown Sales breakdown by region* by industry sector* Energy industry North ROW Asia Automotive Germany White Goods America 14% 3% & Consumer Goods 7% 25% 7% 29% 6% Other Other 13% 22% Europe 17% 11% 13% 12% 4% 5% Civil & 4% 8% mechanical Austria engineering Brazil Railway Building & Benelux France Italy constr. subsuppliers *) Figures BY 2008/09 voestalpine AG | | 1 June 2009 Investor Relations
voestalpine group Investor Relations03071K410_Roadshow_Pres – 81695be6 Global leadership in defined market segments BY 2008/09 EBIT: 1,016 m€ * EBIT%: 8.7% * Sales: 11,625 m€ Special Railway Steel Steel Systems Profilform Automotive Top European Worldwide Worldwide Worldwide Top European player leadership leadership leadership player Sales 4,329 m€ 3,531 m€ 2,351 m€ 1,147 m€ 889 m€ % of group 29 % 19 % 9 % 7 % 36 % EBIT 522 m€ 55 m€* 325 m€ 132 m€ 28 m€ EBIT% 12.1 % 1.6 %* 13.8 % 11.5 % 3.2 % *Negative BÖHLER-UDDEHOLM purchase price allocation effect of 220 m€ included voestalpine AG | | 2 June 2009 Investor Relations
Investor voestalpine group Relations03071K410_Roadshow_Pres – 81695be6 Overview development Business Year 2008/09 First half of BY 2008/09 with strong demand, high price levels, record figures � Turnaround of the economic trend in late autumn 2008 with unexpected � dynamics Demand in many segments plummeted end of CY 2008, followed by extremely � low order intake in CQ 1, 2009 Measures taken by voestalpine � � Production output continuously adjusted to changing demand � Existing cost cutting programs accelerated, additional major cost cutting projects launched � Reduction of personnel, partial reduction of working hours in all divisions � Review of investment programs resulting in significantly reduced CAPEX spending � Renegotiation of raw material contracts started � Significant working capital reductions voestalpine AG | | 3 June 2009 Investor Relations
Investor Division Steel – Relations03071K410_Roadshow_Pres – 81695be6 Business development � First 9 months of BY 2008/09 on track for new Division Steel in figures record figures EBIT EBIT Sales (€m) (€m) (%) � Demand decreasing rapidly in last 3 months 1Q 1,175 189 16.1 � Stable utilization rate of 70 % currently BY 08/09 2Q � Order intake till summer 2009 affected by high stock levels 1,194 211 17.7 BY 08/09 � Pricing situation stabilized by contract structure 3Q 1,059 109 10.3 BY 08/09 � No spot market exposure, but short term contracts 4Q 901 14 1.5 down since January 2009 BY 08/09 � Long term contracts supporting margins 1Q-4Q 4,329 522 12.1 BY 08/09 � Heavy plate – demand and prices deteriorating 1Q-4Q 3,943 684 17.4 BY 07/08 � Cost base significantly reduced yoy in % +9.8 -23.7 � Contracts for major input materials settled � Long term efficiency project “Future” initiated voestalpine AG | | 4 June 2009 Investor Relations
Investor Division Special Steel – Relations03071K410_Roadshow_Pres – 81695be6 Business development � North America weak since beginning 2008, rest of the world doing Division Special Steel in well until end of CY 2008 figures � Markets currently very weak in general, energy business and EBIT EBIT Sales petrochemical industry slightly better (€m) (€m) (%) � Utilization rate currently 60 – 65 % 1Q 1,017 34 3.3 � Still high stock levels, destocking expected to come to an end BY 08/09 during summer 2Q 977 79 8.0 BY 08/09 � Prices for special steel additionally affected by decreasing alloy 3Q 840 -4 -0.5 BY 08/09 prices (alloy surcharge pricing mechanism) 4Q � One off-effects of ca. 100 m€ from revaluation of alloys 696 -53 -7.6 BY 08/09 in Q3 and Q4 BY 2008/09 1Q-4Q 3,531 55 1.6 BY 08/09 � First signs of improvements in China *) � Brazil is expected to stabilize during summer � Continued tough environment in Europe and USA expected till autumn *) No comparable figures of last year due to first consolidation as of July 2007 voestalpine AG | | 5 June 2009 Investor Relations
Investor Division Railway Systems – Relations03071K410_Roadshow_Pres – 81695be6 Business development � Decoupling of railways segment from global downturn Division Railway Systems in figures due to extended infrastructure projects (exemption North American Market) EBIT EBIT Sales (€m) (€m) (%) 1Q 631 91 14.4 � Demand for rails and switches stable on high levels BY 08/09 2Q � Utilization rate ~100 % 634 91 14.3 BY 08/09 � Increased price competition 3Q 608 79 13.1 BY 08/09 4Q � Business units wire rod & seamless tubes affected by 479 64 13.3 BY 08/09 economic downturn, earnings under pressure 1Q-4Q 2,351 325 13.8 BY 08/09 1Q-4Q 2,211 315 14.3 � Solid and stable development of railways business in the BY 07/08 next 12 months expected yoy in % +6.3 +3.0 voestalpine AG | | 6 June 2009 Investor Relations
Investor Division Profilform – Relations03071K410_Roadshow_Pres – 81695be6 Business development � Demand plummeting in autumn 2008 after very strong Division Profilform in figures first half BY 2008/09 EBIT EBIT Sales � Very low demand in truck industry, machine building (€m) (€m) (%) and construction industry 1Q 341 49 14.5 BY 08/09 � High bay warehousing projects doing better, but 2Q 349 50 14.5 suffering from credit crunch BY 08/09 � Sound business development only in aircraft industry 3Q 259 20 7.7 BY 08/09 � Cost base improving due to 4Q 199 13 6.4 BY 08/09 � Short term steel price development 1Q-4Q 1,147 132 11.5 � Fast cost cutting measures BY 08/09 1Q-4Q 1,139 159 13.9 BY 07/08 � USA and Brazil comparably doing better than Europe and Russia yoy in % +0.7 -16.6 voestalpine AG | | 7 June 2009 Investor Relations
Investor Division Automotive – Relations03071K410_Roadshow_Pres – 81695be6 Business development Division Automotive in figures � Significantly reduced global car production since EBIT EBIT Sales August 2008 (-35% in Europe Q1 2009 vs. Q1 2008)* (€m) (€m) (%) 1Q 259 18 6.8 � Downturn with dynamics previously unseen BY 08/09 2Q 236 12 5.2 BY 08/09 � Currently positive signals from scrap bonus systems in 3Q Germany and other countries 207 4 1.7 BY 08/09 4Q 187 -5 -2.8 � Current capacity utilization 60 – 70 % BY 08/09 1Q-4Q 889 28 3.2 � Ongoing challenging environment in 2009 expected, 20% BY 08/09 slump in European car production vs. 2008 likely 1Q-4Q 948 60 6.4 BY 07/08 � Can structural overcapacities be solved? yoy in % -6.2 -53.5 *Data by JD Power voestalpine AG | | 8 June 2009 Investor Relations
Financial overview voestalpine AG www.voestalpine.com
voestalpine group Investor Relations03071K410_Roadshow_Pres – 81695be6 Financial key figures BY 2007/08 BY 2008/09 Sales 10,481 11,625 €m EBITDA 1,837 1,724 €m % of Sales 17.5 14.8 % EBIT 1,153 1,016 €m % of Sales 11.0 8.7 % EBT 980 728 €m Net Profit 752 612 €m EPS* 4.69 3.41 € * Undiluted EPS, based on average number of shares BY 2008/09 voestalpine AG | | 10 June 2009 Investor Relations
Investor EBIT Development Relations03071K410_Roadshow_Pres – 81695be6 BY 2008/09 vs. BY 2007/08 629 €m 1,153 €m -311 €m 1,016 €m 132 €m 76 €m 123 €m EBIT EBIT 78 €m EBIT 11.0% 13.5% 8.7% -864 €m Δ ppa Mix/ Raw USD- Acqui- Price Misc. Volume materials exchange sitions rate 2007/08 2008/09 voestalpine AG | | 11 June 2009 Investor Relations
voestalpine group Investor Relations03071K410_Roadshow_Pres – 81695be6 Cash flow statement BY 2007/08 BY 2008/09 1,398 1,239 Cash flow from result €m -262 119 Changes in working capital €m 1,136 1,358 Cash flow from operating activities €m -4,166 -1,311 Cash flow from investing activities €m -3,030 47 Free Cash flow €m Changes in working capital � � Strong Cash release in Q4, BY 2008/09 (~ 550 m€) Cash flow from investing activities unusually high because of � � Squeeze out of Böhler-Uddeholm AG (~ 350 m€) � Final stages of investment program “Linz 2010” voestalpine AG | | 12 June 2009 Investor Relations
Gearing ratio Investor Relations03071K410_Roadshow_Pres – 81695be6 4,289 4,263 4,263 4,212 3,860 3,762 3,762 88% 3,571 92% 88% 83% 2,882 2,547 2,125 1,853 1,786 47% 34% 32% 831 15% 526 684 635 18% 377 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 H1 2008/09 BY 2008/09 Net Debt (€m) Equity (€m) Gearing-Ratio (%) voestalpine AG | | 13 June 2009 Investor Relations
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