DEBT INVESTOR UPDATE BUSINESS YEAR 2018/19 voestalpine AG www.voestalpine.com
voestalpine GROUP OVERVIEW » voestalpine is a leading technology and capital goods group with combined material and processing expertise » It is holding global top positions in its business units » The group focuses on most demanding product and system solutions based on steel and other metals in technology-intensive industries and niches » Clear focus on strategically in the long run most promising sectors like mobility and energy » Long-term relationships with customers, suppliers and R&D-institutions as key drivers for innovation voestalpine AG | | 2 June 2019 Debt Investor Relations
voestalpine GROUP GLOBAL FOOTPRINT Revenue by regions - Business year 2018/19 One Group – 500 sites – 50 countries – 5 continents 65% (66%) European Union 16% (14%) USMCA 8% (8%) Asia 8% (8%) Rest of world 3% (4%) South America (figures 2017/18) Revenue by industries - Business year 2018/19 Automotive 34% (34%) Railway systems 11%(11%) Aerospace 3% (3%) MOBILITY: 48% (48%) Energy 15% (15%) Building/Construction 9% (9%) Mechanical engineering 9% (9%) White goods/Consumer goods 5% (5%) INCREASING NON-EU-BUSINESS, MOBILITY-SECTOR STABLE (figures 2017/18) Other 14% (14%) voestalpine AG | | 3 June 2019 Debt Investor Relations
voestalpine GROUP CORPORATE RESPONSIBILITY Ökonomie ECONOMY ENVIRONMENT SOCIETY HUMAN RIGHTS » Ethical corporate management » Decarbonisation of steel making » Supporting local communities » No child or forced labour » Sustainable Supply Chain » H2Future » Anti-corruption and compliance » No discrimination Management » SuSteel trainings » Freedom of association / » Climate Protection » Occupational health & safety collective bargaining » LCA management programs and certification » Energy management » Fair working conditions » Water management » Training and apprentices » Recycling and waste » Equal treatment » Employee participation management More information on our website under voestalpine AG http://www.voestalpine.com/group/en/group/corporate-responsibility/ | | 4 June 2019 Debt Investor Relations
voestalpine GROUP MANAGEMENT BOARD Wolfgang Eder * Chairman of the Board (CEO) Joined voestalpine in 1978, member of the Board since 1995 Robert Ottel Member of the Board, Chief Financial Officer (CFO) Joined voestalpine in 1997, member of the Board since 2004 All members of the Board Herbert Eibensteiner ** have long-term engagement Member of the Board, Head of Steel Division Joined voestalpine in 1989, member of the Board since 2012 and experience in Franz Rotter voestalpine Group! Member of the Board, Head of High Performance Metals Division Joined voestalpine in 1981, member of the Board since 2011 Franz Kainersdorfer Member of the Board, Head of Metal Engineering Division Mr. Eder will leave the board as of July 3, 2019 * Joined voestalpine in 1996, member of the Board since 2011 Mr. Eibensteiner will succeed Mr. Eder as CEO as of July 3, 2019 ** and Mr. Hubert Zajicek will succed Mr. Eibensteiner as head of Peter Schwab the Steel Division with effect from July 4, 2019 Member of the Board, Head of Metal Forming Division Joined voestalpine in 1993, member of the Board since 2014 voestalpine AG | | 5 June 2019 Debt Investor Relations
voestalpine GROUP SHAREHOLDER STRUCTURE Ownership structure according to regions (Figures as of March 31, 2019) Major individual shareholders (as of March 31, 2018) Raiffeisenlandesbank Oberösterreich Invest GmbH & Co KG < 15 % voestalpine employee shareholding scheme 14.8 % Oberbank AG 8.1 % voestalpine AG | | 6 June 2019 Debt Investor Relations
voestalpine GROUP SOLID EARNINGS IN A CYCLICAL BUSINESS EBIT margin (%) voestalpine AG vs. European competitors EBIT margin (%) by divisions Lower volatility in earnings 30 30 and higher profitability than Steel-Peer competitors ! 20 20 10 10 0 0 -10 -10 -20 -20 (excluding impairments) (excluding impairments) -30 -30 Q3/2008 Q4/2008 Q1/2009 Q2/2009 Q3/2009 Q4/2009 Q1/2010 Q2/2010 Q3/2010 Q4/2010 Q1/2011 Q2/2011 Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Q2/2014 Q3/2014 Q4/2014 Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018 Q2/2018 Q3/2018 Q4/2018 Q1/2019 Q3/2008 Q1/2009 Q3/2009 Q1/2010 Q3/2010 Q1/2011 Q3/2011 Q1/2012 Q3/2012 Q1/2013 Q3/2013 Q1/2014 Q3/2014 Q1/2015 Q3/2015 Q1/2016 Q3/2016 Q1/2017 Q3/2017 Q1/2018 Q3/2018 Q1/2019 voestalpine Group Steel Division High Performance Metals Division Metal Engineering Division voestalpine AG Steel-Peer-Group Metal Forming Division Solid earnings – only one quarter with negative EBIT since IPO 1995 – due to... ... a diversified portfolio ... a long value chain ... positioning in various market segments ... focus on innovation, service and cost efficiency ... partial backward integration voestalpine AG | | 7 June 2019 Debt Investor Relations
voestalpine GROUP BUSINESS DEVELOPMENT 2018/19 » Strong start into BY 2018/19 but slowing economic momentum in H2 2018/19 » Europe & China harmed by escalating global trade conflicts and slowing automotive industry » US-economy with sustained upswing, however less euphoric sentiment recently » Brazil with moderate recovery in BY 2018/19 » Performance in BY 2018/19 negatively affected by one-offs, solid development in Q4 2018/19 despite slowing economy » Earnings – mainly in Q2 & Q3 – impacted by blast furnace repairs, provision in Heavy Plate & start up costs at US- automotive components plant » Downward trend in tool steel (Europe, China) triggered by global trade tensions » Cost burden from rising raw material prices in Q4 2018/19 already, but full impact yet to come » Efficiency improvement programs in all 4 divisions intensified as response to challenging conditions voestalpine AG | | 8 June 2019 Debt Investor Relations
voestalpine GROUP FINANCIAL OVERVIEW BY 2017/18 BY 2018/19 Delta % 2017/04/01-2018/03/31 2018/04/01-2019/03/31 Revenue 12,898 13,561 +5.1 EBITDA 1,954 1,565 -19.9 EBITDA margin 15.2% 11.5% EBIT 1,180 779 -33.9 EBIT margin 9.1% 5.7 % Profit before tax 1,043 646 -38.1 Profit after tax * 825** 459 -44.4 EPS – earnings per share (euros) 4.40 2.31 -47.5 In millions of euros * Before deduction of non-controlling interests and interest on hybrid capital. ** BY 2017/18 adjusted retrospectively. voestalpine AG | | 9 June 2019 Debt Investor Relations
voestalpine GROUP COMPANY STRUCTURE AND MARKET POSITION voestalpine Group (Revenue in BY 2018/19) 35% 22% 22% 21% Steel High Performance Metals Metal Engineering Metal Forming Division Division Division Division Worldwide quality leadership Global leadership Global leadership Global leadership Global quality leadership in Worldwide leadership in tool Worldwide market leader in Global market leader in defined highest quality steel strip and steel, leading position in high- turnout technology; European niches supplying high quality global market leader in heavy speed steel and special forgings. market leader in rails and metal processing solutions with plate for the most sophisticated specially treated wire; and a global network and service. applications as well as casings leading position in seamless for large turbines. tubes for special applications and high quality welding consumables. voestalpine AG More information about voestalpine‘s business models and facts is available online: | | 10 June 2019 Debt Investor Relations http://www.voestalpine.com/group/static/sites/group/.downloads/de/aktie/praesenta tion/2018-19-business-model-and-facts-voestalpine-group.pdf
STEEL DIVISION BUSINESS SEGMENTS AND PRODUCTS Sheet Heavy Plate Steel & Service Center Hot Briquetted Iron (HBI) Foundry European TOP player Global TOP player European TOP player GlobalTOP player Global LEADERSHIP Highest quality sheet for High-quality heavy plate Individual preprocessing Production of premium Hot Casting components for automotive, white goods, for the energy market of flat products and cut Briquetted Iron (HBI) the energy industry such electrical, construction (pipelines, oil & gas heavy plates as turbines Superior feedstock for high- and mechanical platforms) 3-dimensional processing quality steel production engineering industries High-strength and wear- Production of finished Partly used at voestalpine Processed, coated and resistant steel grades for parts & components production sites galvaniced sheet steel and vehicle engineering sectors and Individual logistic Partly sold to high-quality chemical industries solutions steel producers voestalpine AG | | 11 June 2019 Debt Investor Relations
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