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
Um den Rest dieser Noodl zu lesen, rufen Sie bitte die Originalversion auf, und zwar hier.
Attachments
Original document
Permalink
Disclaimer
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.
Voestalpine AG is one of the European largest steel makers. Net sales break down by family of products as follows:
- flat steel (32.6%): hot and cold laminated steel, galvanized steel, sheet metal, etc.;
- long steel (21%): steering systems, rods, non-welded tubes, etc.;
- special steel (18.9%);
- steel components (18.6%);
- other (8.9%).
Net sales break down by market into automotive (31.6%), oil industry (15.4%), rail transportation (10.3%), construction (10.1%), civil and mechanical engineering (10%), household appliances (4.4%), aerospace (2.2%) and other (16%).
Net sales are distributed geographically as follows: Austria (7.5%), Europe (54.5%), North America (17.2%), Asia (6.9%), South America (4.6%) and others (9.3%).