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www.voestalpine.com voestalpine AG Analyst & Investor Meeting, August 6, 2025 1st QUARTER 2025/26
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| | Company name or Division voestalpine IN BRIEF » voestalpine is a global special metals, steel, and industrial group » We combine STEEL & METALS PRODUCTION with PROCESSING & ENGINEERING COMPETENCE in one hand » From this unique pool of expertise, we develop innovative solutions that offer our customers competitive advantages » That makes us a leading partner for high tech industries with high entry barriers, such as aerospace, automotive or railway systems » We are stock listed since 1995 and committed to value creation for our shareholders August 20252 Investor Relations
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|| 1st QUARTER 2025/26 HIGHLIGHTS August 20253 Investor Relations » Solid results in Q1 2025/26 despite challenging economic environment due to: Strong financial basis Global footprint Diversified product portfolio » High free cash flow » Net financial debt further reduced to lowest level within the last decade » Strong balance sheet » Prolonged upward trend in railway systems, aerospace and high-bay warehouse systems » Stable demand in automotive components, mechanical engineering and building industry, albeit at low level » Reorganization projects well on track » Number of employees (FTEs) dropped to 49.600
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|| 1st QUARTER 2025/26 SUCCESSFUL STRATEGY IMPLEMENTATION August 20254 Investor Relations Contract signed forhigh- quality flat steel for body in white and body skin withBYD in Hungary Installation of worldwide first „green“ rail (from hydrogen based steel production) together with Austrian State Railways (ÖBB) Major contract for Railway Systems in the area of new digital monitoring systems („zentrak“) from Dutch State Railways ProRail (ProRail) Boom in Warehouse and Rack Solutions, development of new rack systemsfor robotic applications
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|| 1st QUARTER 2024/25 GLOBAL ECONOMIC ENVIRONMENT August 20255 Investor Relations Asia / China Stable economic development, real estate crisis in China still unresolved Europe Subdued economic development, ongoing uncertainty due to US tariff policy North America / USA Robust economic growth, positive economic effect due to advance purchases South America / Brazil Key interest rate hike due to high inflation expectations, strong competition from Chinese imports
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|| voestalpine GROUP HIGHLIGHTS DEVELOPMENT DIVISIONS Q1 2025/26 August 20256 Investor Relations » Steel Division » voestalpine Steel Division performed very well in a difficult European steel market » Strategic market segments automotive and energy ensured solid utilization of steel plant » High Performance Metals Division » Reorganization on track » Tooling: unchanged low demand globally, only exemption: China » Industrials: automotive weak, mining, medtech, food & beverage doing well » Aerospace: unchanged good market environment » Oil & Gas: low demand
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|| voestalpine GROUP HIGHLIGHTS DEVELOPMENT DIVISIONS Q1 2025/26 August 20257 Investor Relations » Metal Engineering Division » Unchanged strong demand in Railway Systems globally » Seamless Tubes business slowed down in Q1 25/26 due to low demand and tariffs » Welding business stable globally, challenging market for Wire Technology in Europe » Metal Forming Division » Reorganization well on track » Automotive Components business stable on low level » Solid development in Tubes & Sections business, gradual improvements in demand » Strong market development in Warehouse & Rack Solutions business globally
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|| August 20258 Investor Relations FINANCIAL OVERVIEW Q1 2025/26
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|| voestalpine GROUP FINANCIAL OVERVIEW August 20259 Investor Relations Delta % Q1 BY 2025/26 2025/04/01- 2025/06/30 Q1 BY 2024/25 2024/04/01- 2024/06/30 -5.93,901.54,145.7Revenue -13.4361.2417.2EBITDA 9.3 %10.1 %EBITDA margin -24.7171.5227.8EBIT 4.4 %5.5 %EBIT margin -26.4138.7188.5Profit before tax -29.0106.3149.7Profit after tax* -25.30.590.79EPS – earnings per share (euros) In millions of euros * Before deduction of non-controlling interests. Comments on Delta y-o-y: Revenue » Sale of Buderus plant (-80 m€ revenue) » Overall declining price levels, in particular in Steel Division » No major volume effect: Higher shipments in Steel Division, lower shipments in HPM Division Operational results » HPM Division improved (one off effects Q1 2024/25) » All other Divisions reported declining earnings Profit before tax » Improved net financial results Profit after tax » Tax rate at 23% in Q1 2025/26 (Q1 2024/25: 21%)
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|| August 202510 Investor Relations voestalpine GROUP YoY DEVELOPMENT EBITDA Q1 BY 2025/26 417 -165 55 8 46 361 Q1 2024/25 Price Raw Materials Mix/ Volume Misc. Q1 2025/26 In millions of euros EBITDA- margin 10.1 % EBITDA- margin 9.3 % Price vs. Raw Materials » Price declines only partly offset by lower raw material costs Mix / V olume » Improving volumes & mix in Steel Division, decreasing shipments in HPM Division Miscellaneous » Cost & efficiency programs as well as Buderus sale with positive YoY-effects
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|| August 202511 Investor Relations voestalpine GROUP YoY DEVELOPMENT EBITDA Q1 BY 2024/25 Steel High Performance Metals Metal Engineering Metal Forming Holding & miscellaneous Q1 BY 2025/26 417 -40 +25 -30 -16 +5 361 EBITDA- margin 10.1 % EBITDA- margin 9.3 % Steel Division » Lower prices, better volumes » Lower gross margin HPM Division » Negative one offs from Buderus sale in Q1 2024/25 (-28 m€) » “clean” YoY-comparison largely stable Metal Engineering Division » Seamless tubes and Wire weaker » Railways weaker in YoY-comparison » Welding largely stable Metal Forming Division » Automotive Components weaker » Other Business Units largely stable In millions of euros
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|| August 202512 Investor Relations voestalpine GROUP DEVELOPMENT CASH FLOW Q1 BY 2025/26 2025/04/01-2025/06/30 Q1 BY 2024/25 2024/04/01-2024/06/30 363365Cash flow from results 81-150Changes in net working capital 444215Cash flow from operating activities -256-226Cash flow from investing activities 188-11Free cash flow In millions of euros
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|| August 202513 Investor Relations voestalpine GROUP GEARING further improved 2,978 3,080 3,221 2,995 3,125 3,775 2,743 2,291 1,661 1,651 1,650 1,457 58% 54% 53% 46% 47% 67% 49% 32% 22% 22% 22% 19% 0% 10% 20% 30% 40% 50% 60% 70% 80% 0 500 1000 1500 2000 2500 3000 3500 4000 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 Q1 25/26 Net financial debt (€m) Gearing Ratio (%) Solid equity base as of 2025/06/30: » Equity: 7,518 » Equity ratio: 48% Low debt level as of 2025/06/30: » Gearing ratio: 19% » Net debt / EBITDA: 1.1 No major redemptions in BY 2025/26
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|| August 202514 Investor Relations OUTLOOK BY 2025/26
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|| August 202515 Investor Relations voestalpine GROUP OUTLOOK » High uncertainty due to unclear future global trade and its regional economic effects » However, existing market trends are expected to continue in the remaining business year 2025/26: » Demand from automotive industry expected to stay largely on current levels » Stable development also in building, mechanical engineering and consumer goods industries expected, albeit at low level in general » Energy sector lost momentum in Q1 2025/26 and is expected to remain at this lower level in the next months » No tailwind for tooling markets recognizable so far » Positive market development in railway infrastructure, aerospace and warehouse technology industries will continue throughout BY 2025/26 » Reorganization projects are well on track » Guidance for BY 2025/26 confirmed: EBITDA expected in a range between 1.4 and 1.55 bn. EUR
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www.voestalpine.com voestalpine AG Q & A Investor and Analyst Meeting Q1 2025/26