Credit Suisse 2008 Global Steel and Mining Conference

Transcription

1 Credit Suisse 2008 Global Steel and Mining Conference Investor Relations September

2 Global leadership in defined market segments Steel Special Steel Railway Systems Automotive Profilform Top European player Worldwide leadership Worldwide leadership Top European player European leadership European Top 3 - supplier of high quality sheet for most demanding applications Worldwide leader in tool steel. Leading position in highspeed steels, precision strips, special forgings European market leader for rails and processed wire, world market leader for turnouts Development towards Top 3 position in European automotive supplying business European market leader in special sections and customrollforming 2 September 2008 Investor Relations

3 Growth track record 12,000 2,000 Sales ( m) S 10,000 8,000 6,000 4,000 3,354 6 year CAGR 20% 6 year CAGR 46% 10,481 1,503* 1,153** 3,255 1,500 1,000 EBIT ( m) E 2, * 358** / / / / / / /08 Q1 2008/09 Q1 2008/09 Target 2010/11 Steel 60% 46% 40% Processing 40% 54% 60% *) excl. ppa Böhler-Uddeholm **) incl. ppa Böhler-Uddeholm 3 September 2008 Investor Relations

4 Industrial segment breakdown Division Steel White Goods & Consumer Goods* Energy industry 13% 6% 27% Automotive Division Special Steel Other** 12% 12% 13% 17% Division Railway Systems Railway Building & constr. subsuppliers Civil & mechanical engineering Division Profilform * Incl. Consumer goods ** Incl. Transport & Storage Division Automotive 4 September 2008 Investor Relations

5 Regional market breakdown Division Steel North America ROW* Asia 7% 6% 7% 28% Germany Division Special Steel Other Europe 18% 4% 5% 8% 5% 12% Austria Division Railway Systems UK France Italy Benelux Division Profilform * Rest of World Division Automotive 5 September 2008 Investor Relations

6 Debt situation no reason to get nervous!! Non current financial liabilities: 2,836 m! Club deal*, private placement*, aided debt, convertible bond, other long term debt "! Current financial liabilities: 1,840 m! Club deal* (redemption within 12 months) 300 m redemption in FY 2008/09! Export promotion credit 350 m revolving "! Other short term debt 440 m revolving "! Bridge finance* for takeover Böhler 300 m refinancing in CY 2008! Deposition* for Böhler Squeeze Out 350 m contra position in Cash " " No appreciable open financing issues - excellent credit standing of voestalpine *) Debt positions related to Böhler-Uddeholm acquisition (total 2,650 m ) 6 September 2008 Investor Relations

7 Gearing ratio 3,572 4,289 83% 4,637 3,571 77% 1,530 16% % 1, % 1, ,125 1,853 32% 34% ,547 15% 526 2,882 18% 2000/ / / / / / / /08 Q1 2008/09 Net Debt ( m) Equity ( m) Gearing-Ratio (%) 7 September 2008 Investor Relations

8 Black sea project - growth strategy steel! Economic feasibility precondition for go-decision! Within voestalpine group no strategic projects accepted! Timeline of decision and project depending on future EU CO2-regime and general economic development! No significant CAPEX before 2011 related to this project 8 September 2008 Investor Relations

9 Summary and key messages! Dip more likely than downturn in Steel and Special Steel Division! Stable development in Railway Systems, Profilform and Automotive Division! No open financing issues (Böhler-Uddeholm financing settled)! Overall cost savings of 200 m in 2008/09! 90 m synergies from BÖHLER-UDDEHOLM-acquisition will be realized in 2008/09! In the unexpected event of a hard landing of the global real economy, voestalpine is supposed to be the most defensive of all steel companies due to -! niche focused high tech / high quality strategy! pure contract based business without spot exposure! market leadership in most business segments! longest integrated value added chain (from iron ore to finished products) EBIT-level of 2007/08 to be reached again - at least 9 September 2008 Investor Relations

10 Credit Suisse 2008 Global Steel and Mining Conference Investor Relations September

11 Reuters VOES.VI Bloomberg VOE AV IR Contact Peter Fleischer Phone +43/50304/