Financial year-q1-2012-13

www.voestalpine.comvoestalpine AG

Financial Year 2012/13Q1

Investor RelationsAugust 2012

| |voestalpine AG2 August 2012 Investor Relations

voestalpine GroupBusiness concept

n Steel is – and will always be - the base of voestalpine Groupn Our downstream strategy is strongly driving evolution from a

steel maker to a processing and technology groupn We offer custom made solutions based on most advanced

products and perfect service

n We focus on strategic markets with utmost technological and

quality requirements, such as energy and mobility (automotive,

railway and aircraft industry)

n Long term relationships with customers, suppliers and R&D-

institutions are key drivers for innovation and progression

Number 3 in Europe by size – market cap

First choice for high tech steel solutions


voestalpine GroupActualities not expected from a “steel company”

Amongst others we deliver parts, components and complete solutions forn Space programsn Starter housing for Ariane Spaceship / Europe

n Special sections for Space Shuttle / USA

n Aircraft industryn Different parts of special steel for airplanes

n Aluminium stringers of airplane bodies

n Titanium seat tracks of Boeing Dreamliner

n Special engineeringn Turn-key high speed turnout systems

n Hot box detectors for high speed trains

Steel is the base, demanding customized solutions are our business


voestalpine GroupGlobal footprint

No significant exposure to ailing countries and industries

30% Automotive

9% Building & con-struction subsuppliers

6% White goods/consumer goods

15% Energy industry

12% Railwayinfrastructure

13% Other

13% Civil & mechanicalengineering

Revenue by industries

2% Aviation

30% Germany

6% Italy

4% Brazil

5% Benelux

10% Austria

8% Asia

4% Rest of world

Revenue by regionsBusiness Year 2011/12

5% France

8% North America

20% Other Europe

| |voestalpine AG

voestalpine GroupLeading position in core segments

Steel Division

Special Steel Division

Metal Engineering Division

Metal Forming Division

Top European player Global leadership Global leadership Global leadership

Top three European supplier of high qualitysheet and global top position in heavy plate for the most demanding applications.

Worldwide leader intool steel.Leading position in high-speed steel and forgings.

European market leader for rails and processed wire, world market leader for turnouts and complete railway systems; leading position in welding consumables and seamless tubes.

Leading worldwide provider of high-quality metal processing solutions, in particular special sections and precision steel coil as well as special components for the automobile industry

5 August 2012 Investor Relations

33% 24%23% 20%

voestalpine Konzern


voestalpine Group Current situation

n Exacerbated economic conditions globally in Q1 2012/13n Economic slowdown in Northern and Western Europe, Southern Europe unchanged weak

n US economy losing momentum since early summer

n Reduction of expected growth rates in emerging countries

n Business performance of voestalpine Group holding up welln Full utilization of capacities in all four divisions

n Stable operational profit (EBIT) of 231 €m in consecutive quarterly comparison

(“clean” EBIT in Q4 2011/12: 233 €m)

n Free cash-flow clearly positive

n Gearing ratio below 50 % for the first time after Böhler-Uddeholm acquisition

€m Q1 2011/1201.04. – 30.06.2011

Q2 2011/1201.07. – 30.09.2011

Q3 2011/1201.10. – 31.12.2011

Q4 2011/1201.01. – 31.03.2012

Q1 2012/1301.04. – 30.06.2012

Sales 3,052 2,926 2,899 3,181 3,051

EBIT 318 214 145 28* 231

EBIT-margin 10.4 % 7.3 % 5.0 % 0.9 % 7.6 %

*) including -205 m€ one offs(provision in Metal Engineering Division)


Steel DivisionBusiness development

n Unfavourable demand/supply-situation in European steel industryn Limited pricing power due to structural overcapacities and weakening demand

n No major impulse from short-term capacity adjustments so far

n voestalpine Steel Division doing comparatively well in this environmentn Long term partnerships with core customers as stabilizing factor

n Full utilization of capacities in Q1 2012/13

n Raw material prices prolonging downswing

€m Q1 2011/1201.04. – 30.06.2011

Q2 2011/1201.07. – 30.09.2011

Q3 2011/1201.10. – 31.12.2011

Q4 2011/1201.01. – 31.03.2012

Q1 2012/1301.04. – 30.06.2012

Sales 1,038 978 995 1,119 1,000

EBIT 101 60 10 56 52

EBIT-margin 9.8 % 6.1 % 1.0 % 5.0 % 5.2 %

| |voestalpine AG

n Overall business activities holding up welln Robust development in oil & gas exploration, mechanical engineering, consumer goods

and aviation industriesn Slowdown in automotive industry, commercial vehicle segment mitigatedn No recovery in energy equipment so far

n Ambivalent situation in core regions of Special Steel Divisionn Stable development in the US, Asia and Braziln Solid situation in Europe north the Alps, cautious order behaviour in Southern and

Eastern Europen Selected capacity adjustments in the course of FY 2012/13 likely

8 August 2012 Investor Relations

Special Steel Division Business development

Special Steel Divisionin figures(past ppa)

€m Q1 2011/1201.04. – 30.06.2011

Q2 2011/1201.07. – 30.09.2011

Q3 2011/1201.10. – 31.12.2011

Q4 2011/1201.01. – 31.03.2012

Q1 2012/1301.04. – 30.06.2012

Sales 751 713 702 779 736

EBIT 83 59 55 76 69

EBIT-margin 11.0 % 8.3 % 7.8 % 9.8 % 9.3 %


Metal Engineering DivisionBusiness development

n Diversified product portfolio stabilizing development of Metal Engineering Division

n Strong demand in premium rails from BRIC-countries

n Production of standard rails in Duisburg at two-shift level, prices under pressure

n Sustained momentum in North America, Brazil, South Africa, Australia and upturn in

China offsetting weaker demand in Europe in turnout technology segment

n Seamless tubes benefit from on-going high investments in oil & gas exploration

n Wire and welding consumables on solid demand level

€m Q1 2011/1201.04. – 30.06.2011

Q2 2011/1201.07. – 30.09.2011

Q3 2011/1201.10. – 31.12.2011

Q4 2011/1201.01. – 31.03.2012

Q1 2012/1301.04. – 30.06.2012

Sales 753 752 724 727 806

EBIT 92 80 63 -138 84

EBIT-margin 12.2 % 10.6 % 8.7 % -19.0 % 10.4 %


Metal Forming Division Business development

n Merger of former Profilform and Automotive Divisions to Metal Forming Division effective as of April 1st, 2012

n Stable demand in tubes & sections business segmentn Agricultural machinery, bus and commercial vehicle sectors

n Aviation industry overall doing well

n Full capacity utilization in automotive body parts segmentn First indications of easing demand in parts of premium segment

n Slowdown in European mass producer segment

n Investment projects in China, South Africa and US well on track

n Precision strip segment doing well on solid levels

€m Q1 2011/1201.04. – 30.06.2011

Q2 2011/1201.07. – 30.09.2011

Q3 2011/1201.10. – 31.12.2011

Q4 2011/1201.01. – 31.03.2012

Q1 2012/1301.04. – 30.06.2012

Sales 622 594 597 662 611

EBIT 60 34 40 51 46

EBIT-margin 9.6 % 5.8 % 6.7 % 7.7 % 7.5 %


Financial overview

| |voestalpine AG12 Investor RelationsAugust 2012

voestalpine GroupConsolidated overview

FY2011/12

Q1 2011/12 01.04. - 30.06.2011

Q1 2012/13 01.04.- 30.06.2012

Delta in %

Sales €m 12,058 3,052 3,051 0.0

EBITDA €m 1,302 463 375 -19.0

% of Sales % 10.8 15.2 12.3

EBIT €m 704 318 231 -27.4

% of Sales % 5.8 10.4 7.6

EBT €m 504 272 185 -31.9

Net Profit €m 413 210 145 -30.9

EPS* € 1.98 1.13 0.74 -34.5

Investments** €m 575 117 135 15.0

Depreciation €m 598 145 144 -0.7

* Based on average number of shares** Fixed assets and acquisitions

| |voestalpine AG

EBIT development Q1 2011/12 vs. Q1 2012/13

13 Investor Relations

Q12011/12

Price Rawmaterials

Misc.Mix/Volume

D ppa. Q12012/13

318 €m

231 m€

EBIT10.4%

-31 €m

29 €m

-25 €m

-64 €m

4 €m

EBIT7.6%

August 2012


voestalpine GroupCash flow Q1 2011/12 vs. Q1 2012/13

FY 2011/12 Q1 FY 2011/12

Q1 FY 2012/13

Cash flow from result €m 994 347 297

Changes in working capital €m -137 -289 1

Cash flow from operating activities €m 857 58 298

Cash flow from investing activities €m -516 -120 -200

Free cash flow €m 341 -62 98


voestalpine GroupGearing ratio


voestalpine GroupDevelopment liquidity

Cash

Financial assets

Comfortable liquidity position and balanced maturity profile

€m

*) Syndicated loan (forward): 400 €m, committed lines: 400 €m, closed on November 23, 2011

Redemption – Schedule per 30.06.2012Liquidity per 30.06.2012


voestalpine GroupOutlook

n Perspectives of global economic environment determined by uncertaintiesn Development in Europe dependent on capabilities of managing the Euro- and debt

crisis

n Reduced growth expectations of China, India and Brazil

n Optimism for the US market slowing down, increasing debt create new woes

n Increasing risk of diminishing dynamics in automotive premium segment and in energy sector

n Relatively stable environment in mechanical engineering and aviation industries as well as in railway infrastructure

n Despite challenging situation in European steel sector, unchanged full capacity utilization in voestalpine Steel Division for coming months expected

n Processing divisions Special Steel, Metal Engineering and Metal Forming as backbone for achieving last year’s EBIT level of around 900 €m in FY 2012/13


IR Contact

Peter FleischerHead of Investor RelationsE-Mail [email protected] +43/50304/15-9949

Gerald ReschInvestor Relations ManagerE-Mail [email protected] +43/50304/15-3152

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Financial year-q1-2012-13

Economy & Finance

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