BUSINESS YEAR 2020/21

Investor Relations

JUNE 2021

voestalpine AG

www.voestalpine.com

voestalpine GROUP

HIGHLIGHTS BY 2020/21

  • The business year 2020/21 was determined by the spread of the Corona Virus pandemic
    • After the slump at the beginning of the business year, the economy recovered quickly
  • First priority was health and safety of our employees
    • We immediately implemented safety concepts and hygiene standards
  • A crisis-related booking of impairment charges was necessary in BY 2020/21
  • Crisis management proved successful
    • We were able to supply our customers at any point of time
    • As a result, we reached an EBITDA of 1.1 bn EUR
    • Each of the Divisions contributed to this success and delivered a positive EBIT in BY 2020/21
    • With a Free Cash Flow of more than 1 bn EUR, we reduced Net Debt to 2.7 bn EUR and reached our Gearing target of below 50%
    • Dividend proposal to the AGM: EUR 0.50 per share
  • This success is a merit of all voestalpine employees and the whole management team

voestalpine AG

2 | June 2021 | Investor Relations

voestalpine GROUP

CURRENT SITUATION

  • Most market segments have recovered in the course of the business year 2020/21
  • Automotive, consumer goods, mechanical engineering and building industry are currently showing high demand for steel products, tool steels, components and services
  • Oil and gas segment has improved in the last months from very low levels
  • Aerospace industry has bottomed out with gradual recovery
  • Railway Systems are facing a solid global market environment
  • Steel industry is still in an exceptional situation with a tight demand-supply-environment driving rising steel prices combined with very high raw material prices

voestalpine AG

3 | June 2021 | Investor Relations

voestalpine GROUP

STRATEGY UPDATE

  • Stabilization of balance sheet remains an important goal but strategy with value added growth comes back into focus
  • The backbone of the voestalpine-strategy is the combination of metallurgical expertise and processing know-how in order to manufacture premium products and system solutions made of steel and other metals
  • In order to realize value enhancing growth, we focus on
    • Technological leadership in markets with high quality requirements
    • Development of new products and solutions together with our customers, predominantly in our downstream segments
    • Digitalization of our internal processes as well as digital interconnection with our customers
  • Climate protection is an integral part of voestalpine's strategy

voestalpine AG

4 | June 2021 | Investor Relations

voestalpine GROUP

CORPORATE RESPONSIBILITY / CLIMATE PROTECTION

  • We are committed to global climate goals and we have a consistent, long-term strategy to directly avoid CO2 emissions: "greentec steel"
  • By 2030: hybrid concept
    • Incremental shift from blast furnace route to steel production using green electricity
    • Potential to reduce CO2 emissions by around 30%
  • By 2050: focus on green hydrogen
    • Long-termincrease of green electricity and green hydrogen
    • CO2-neutral production feasible
  • We hold a patent for CO2 neutral DRI/HBI production, based on hydrogen, which is valid in all relevant European countries
  • Corporate responsibility is one of the basic principles of our decisions

voestalpine AG

5 | June 2021 | Investor Relations

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voestalpine AG published this content on 09 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2021 05:40:01 UTC.