business year 2016/17 - voestalpine...2017/06/01 · business year 2016/17 economic environment 3...
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voestalpine AGwww.voestalpine.comvoestalpine AG
BUSINESS YEAR 2016/17Press conference, June 1, 2017
Welcome!
voestalpine AG| |
voestalpine AG
BUSINESS YEAR 2016/17ENVIRONMENT AND HIGHLIGHTS
June 1, 20172 Press conference business year 2016/17
voestalpine AG| |
voestalpine AG
BUSINESS YEAR 2016/17ECONOMIC ENVIRONMENT
June 1, 20173 Press conference business year 2016/17
Europe: moderate
growth USA: economy losing momentum
Mexico: continued strong growth (automotive sector)
Brazil: downwards trend slowing
China/South East Asia: steady momentum
India: awakening future market
Africa/Middle East: crises instead of growth
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voestalpine AG
BUSINESS YEAR 2016/17HIGHLIGHTS
» Q4: strongest growth since 2011/12
» Revenue + 2% (from EUR 11.1 billion to EUR 11.3 billion)
» Only adjusted results meaningful:
» EBITDA +6.6% (EUR 1.54 billion)
» EBIT +3.1% (EUR 840 million)
» Equity at all time high: >EUR 6 billion
» Increase in dividend per share from EUR 1.05 to EUR 1.10*
June 1, 20174 Press conference business year 2016/17
* Proposed to the Annual General Shareholders’ Meeting
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voestalpine AG
BUSINESS YEAR 2016/17REGIONS AND INDUSTRIES WORLDWIDE
June 1, 20175 Press conference business year 2016/17
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voestalpine AG
BUSINESS YEAR 2016/17FINANCIAL KEY FIGURES
June 1, 20176 Press conference business year 2016/17
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voestalpine AG
BUSINESS YEAR 2016/17OVERVIEW OF KEY FIGURES
In millions of euros BY 2015/16 BY 2016/17 Change
(in %)
BY 2015/16*) BY 2016/17*) Change
(in %)
Revenue 11,069 11,295 +2.0 11,069 11,295 +2.0
Operating result (EBITDA) 1,583 1,541 -2.7 1,446 1,541 +6.6
Profit from operations (EBIT) 889 823 -7.4 814 840 +3.1
Profit before tax (EBT) 751 700 -6.8 677 717 +5.9
Profit after tax 602 527 -12.5 510 539 +5.8
June 1, 20177 Press conference business year 2016/17
Adjusted figures
**) Proposed to the Annual General Shareholders’ Meeting
Earnings per share 3.35 2.84 -15.2 2.64 2. 87 +8.7
Dividend per share 1.05 1.10**) +4.8
Employees (full-time equivalent) 48,367 49,703 +2.8
*) Adjusted for non-recurring effects due to changes in consolidation (Metal Engineering Division)
voestalpine AG| |
BUSINESS YEAR 2016/17DEVELOPMENT OF THE GEARING RATIO
526
3,5723,762
3,0372,713 2,586
2,259 2,421
2,978 3,080 3,2212,882
4,289 4,263 4,262
4,691 4,8365,075
5,262 5,115
5,6526,060
18%
83%
88%
71%
58%
54%
45% 46%
58%55% 53%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
1000
2000
3000
4000
5000
6000
7000
2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17
Net debt (€m) Equity (€m) Gearing ratio (%)
June 1, 2017 Press conference business year 2016/178
voestalpine AG| |
voestalpine AG
FUTURE-ORIENTED LIGHTWEIGHT CONSTRUCTION SOLUTIONS FOR THE AUTOMOTIVE INDUSTRY
June 1, 20179 Press conference business year 2016/17
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voestalpine AG
» Opening April 2014
» 1st production site for ultra-high strength lightweight automotive components (phs technology) in the NAFTA region
» After USD 500 million contract: 2nd expansion phase near completion 3rd expansion phase underway
» In future 450 employees
EXPANSION IN THE NAFTA-REGIONAUTOMOTIVE SITE CARTERSVILLE (USA)
June 1, 201710 Press conference business year 2016/17
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voestalpine AG
HIGHLIGHTSFROM THE DIVISIONS
June 1, 201711 Press conference business year 2016/17
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voestalpine AG
METAL FORMING DIVISION HIGHLIGHTS 2016/17
» Successful global automotive expansion
» Start of future technology “phs-directform” in Schwäbisch Gmünd (GER)
» NAFTA market leader for safety components(acquisition of Summo Corp., Burlington (CA))
» World's largest blanks site in Linz (AT)
» New plants in Mexico and China
» All business segments on a solid path
June 1, 201712 Press conference business year 2016/17
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voestalpine AG
STEEL DIVISIONHIGHLIGHTS 2016/17
» Future e-mobility market » High-tech prematerial for “electrical steel strip packages”
» Heavy plate innovation for the most exacting
requirements (incl. deep-ocean pipelines)
» Construction of the world's largest hydrogen electrolysis
facility (PEM) – future technology at the site in Linz (AT)
» HBI plant in Texas fully operational
» Strong market growth over the course of the year
June 1, 201713 Press conference business year 2016/17
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voestalpine AG
HIGH PERFORMANCE METALS DIVISION HIGHLIGHTS 2016/17
» Metal Additive Manufacturing (Düsseldorf, (GER))
» Expansion Singapore, Taiwan, Toronto
» Expansion of metal powder production in Kapfenberg (AT) and Hagfors (SE)
» Aerospace: EUR 70 million for new high-tech plants
» Special steel plant project: location decision autumn 2017
» Regional variations, overall upward market trend
June 1, 201714 Press conference business year 2016/17
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voestalpine AG
METAL ENGINEERING DIVISION HIGHLIGHTS 2016/17
» Railway systems: turnout technology sector hits all
time high
» World's most advanced wire rolling mill Donawitz
(AT): transition to full operation
» Oil and gas: return to full capacity utilization for
high-tech seamless tubes in October 2016
» Overall market development uneven
June 1, 201715 Press conference business year 2016/17
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voestalpine AG
BUSINESS YEAR 2016/17OUTLOOK
» Increasing momentum in the global economy (esp. China, EU)
» Political environmentremains challenging
» Strong demand from the automotive, consumer goods, mechanical engineering and aerospace industries
» Easing in the oil and gas sector
June 1, 201716 Press conference business year 2016/17
Outlook: clearly positive development in revenue and earnings in the
business year 2017/18
voestalpine AGwww.voestalpine.comvoestalpine AG
BUSINESS YEAR 2016/17Press conference, June 1, 2017