Presentation global resources conference 2012 pdf

Global Resources Conference 2012 Investor Relations March 2012voestalpine AGwww.voestalpine.com

voestalpine groupBusiness concept (1) Not a typical steel company  Steel is – and will always be - the base of voestalpine group  BUT: Downstream strategy is strongly driving evolution from a steel maker to a processing group  Focus on most demanding customer segments in terms of innovation, technology and quality  Custom made solutions based on most advanced products and perfect service as key credentials of success Number 3 in Europe by size – market capvoestalpine AG2 | March 2012 | Investor Relations

voestalpine groupBusiness concept (2) Strategic markets  Focus on market segments with utmost technological and quality requirements, such as energy, automotive, railway and aircraft industry  No spot market business, commodities no option Long term relationships  Long term partnerships with customers, suppliers and R&D-institutions are key for innovation and permanent progression in technology and quality  Perfect service is key for long term partnerships First choice for high tech steel solutionsvoestalpine AG3 | March 2012 | Investor Relations

voestalpine groupGlobal footprint Business Year 2010/11 No significant exposure to ailing countries and industriesvoestalpine AG4 | March 2012 | Investor Relations

voestalpine groupStructure & position Steel Special Steel Railway Systems Profilform Automotive European Top World market World market World market European Top Player Leader Leader Leader Player from April 1st, 2012 on  Minimum top 3 market position in Europe  Partial backward integration  Longest value chain in the industry  Strong commitment to efficiency improvement programsvoestalpine AG5 | March 2012 | Investor Relations

voestalpine groupCurrent situation Mixed signals from macro perspective voestalpine group  Positive indications from the US recently in figures  Ongoing discussions about public debt situation in Europe Sales EBIT EBIT (€m) (%)  China’s growth track continuing at lower pace expected (€m) Varying development of different market segments Q1 3,052 318 10.4 FY 11/12  Automotive, machine building, energy, railway infrastructure Q2 2,926 214 7.3 and aircraft industry largely stable FY 11/12  Household and consumer goods, building and service center Q3 2,899 145 5.0 FY 11/12 industries weaker Q1 – Q3 Steel business in Europe affected by volatile business 8,877 676 7.6 FY 11/12 environment Q1 – Q3 7,937 658 8.3 FY 10/11 Stable development in processing divisions (Special Steel, Railway Systems, Profilform, Automotive)voestalpine AG6 | March 2012 | Investor Relations

voestalpine groupReading and reaction voestalpine group voestalpine strategy and business model have proven in figures resilience in turbulent times Sales EBIT EBIT (€m) (€m) (%) Despite a still volatile general environment, 2012 focus back Q1 on strategic expansion after a period of cost cutting and FY 11/12 3,052 318 10.4 crisis management Q2 2,926 214 7.3 FY 11/12 Merger of Automotive & Profilform Divisions per Q3 2,899 145 5.0 FY 11/12 April 1st, 2012 Q1 – Q3 8,877 676 7.6 Major new automotive investments in China, USA and FY 11/12 Europe backed by contracts of premium producers Q1 – Q3 7,937 658 8.3 FY 10/11voestalpine AG7 | March 2012 | Investor Relations

Division SteelBusiness development Demand situation and price level in high quality segments Division Steel significantly better and more stable than in spot market in figures  Automotive, energy, machine building Sales EBIT EBIT Higher volatility in shorter term market segments (€m) (€m) (%)  Building/construction, consumer goods, household appliance Q1 1,038 101 9.8 FY 11/12 Recovery of demand and price level since turn of the year Q2 978 60 6.1 after significant deterioration in autumn 2011 FY 11/12  Utilization rate back to 100% today Q3 995 10 1.0 FY 11/12  Rising spot market prices since beginning of 2012 Q1 – Q3 3,012 171 5.7 FY 11/12  Contract prices with time lag effect Q1 – Q3 2,741 250 9.1 Trough of profitability in CQ4 2011 FY 10/11 Raw materials’ prices stablevoestalpine AG8 | March 2012 | Investor Relations

Division Special SteelBusiness development Order intake attractive, but below peak figures of Division Special Steel spring 2011 in figures (past ppa) Stable market situation in automotive, oil & gas exploration and aircraft segments Sales EBIT EBIT (€m) (€m) (%) Weaker demand from power plant construction and -engineering. Q1 751 83 11.0 FY 11/12 Regional economic trends of last year are carried forward Q2  Northern and Western Europe stable on solid levels, Southern FY 11/12 713 59 8.3 Europe unchanged weak Q3  North America showing signs of vitalization FY 11/12 702 55 7.8  South America stable on appealing levels Q1 – Q3 2,166 197 9.1 FY 11/12  Economic growth trend in China slowing down after exceptional phase in last years Q1 – Q3 1,895 126 6.7 FY 10/11 Business sentiment stable on level of H2 CY 2011 going forwardvoestalpine AG9 | March 2012 | Investor Relations

Division Railway SystemsBusiness development Uneven development in rails business Division Railway Systems in figures  On-going solid demand for premium rails  Excess capacity in standard rails still weighing on EBIT EBIT Sales (€m) (€m) (%) capacity utilization and profitability Turnout systems business benefit from dynamic Q1 753 92 12.2 FY 11/12 markets in Asia and South America Q2 752 80 10.6  However China slowing down FY 11/12 Stable demand in wire and welding consumables Q3 724 63 8.7 FY 11/12 Unchanged strong sentiment for seamless tubes Q1 – Q3 2,229 235 10.6 FY 11/12 driven by North American and Mid East markets Q1 – Q3 2,032 207 10.2 Future of standard rails production in Europe to be FY 10/11 discussedvoestalpine AG10 | March 2012 | Investor Relations

Division ProfilformBusiness development Division Profilform Demand from agricultural and construction in figures machinery equipment segments as well as aircraft Sales EBIT EBIT business on stable high level (€m) (€m) (%) Solar energy business fundamentally good, currently Q1 330 41 12.5 FY 11/12 usual seasonal effects Q2 302 23 7.6 FY 11/12 Volatile order intake in standard tubes segment Q3 295 27 9.0 Continued solid situation in storage technology FY 11/12 Q1 – Q3 Sound business environment in precision strip FY 11/12 927 91 9.8 Q1 – Q3 832 84 10.0 FY 10/11voestalpine AG11 | March 2012 | Investor Relations

Division AutomotiveBusiness development Mixed environment for European car producers Division Automotive in figures  Solid production figures in premium segment, German producers still doing well in general Sales EBIT EBIT  Stable order intake from Eastern and Central European (€m) (€m) (%) transplants Q1 293 19 6.3  French & Italian car industry weak FY 11/12 Utilization rates at voestalpine high due to dominant stake Q2 292 11 3.8 FY 11/12 of premium producers Automotive Division strengthens global presence Q3 302 13 4.5 FY 11/12  New greenfield investments in U.S., China, South Africa, Q1 – Q3 887 43 4.9 Romania and Germany FY 11/12  Capital expenditure bolstered by long term contracts Q1 – Q3 743 42 5.6 FY 10/11voestalpine AG12 | March 2012 | Investor Relations

Financial overviewvoestalpine AGwww.voestalpine.com

voestalpine groupConsolidated overview Q1 – Q3 Q1 – Q3 YoY in % 2010/11 2011/12Sales €m 7,937 8,877 +11.9EBITDA €m 1,107 1,118 +1.0% of Sales % 13.9 12.6EBIT €m 658 676 +2.8% of Sales % 8.3 7.6EBT €m 515 534 +3.7Net Profit €m 400 411 +2.8EPS* € 2.02 2.09 +3.5Investments** €m 276 354 +28.1Depreciation €m 449 442 -1.6Employees*** 40,078 41,216 * Based on average number of shares ** Fixed assets and acquisitions *** Per 31.12., excluding trainees & tempsvoestalpine AG14 | March 2012 | Investor Relations

EBIT developmentQ1-Q3 2010/11 vs. Q1-Q3 2011/12 22 €m -405 €m 428 €m 676 €m 658 €m 17 €m -44 €m EBIT EBIT 8.3% 7.6% Price Raw ∆ ppa Misc. Q1 – Q3 Mix/ Volume materials Q1 – Q3 2010/11 2011/12voestalpine AG15 | March 2012 | Investor Relations

voestalpine groupCash flow Q1-Q3 2010/11 vs. Q1-Q3 2011/12 Q1-Q3 2010/11 Q1-Q3 2011/12 Cash flow from result €m 800 858 Changes in working capital €m -235 -564 Cash flow from operating activities €m 565 294 Cash flow from investing activities €m -332 -356 Free cash flow €m 233 -62voestalpine AG16 | March 2012 | Investor Relations

voestalpine groupGearing ratiovoestalpine AG17 | March 2012 | Investor Relations

voestalpine groupDevelopment liquidity Liquidity Redemption – Schedule per 31.12.2011 per 31.12.2011€m Financial assets Cash Comfortable liquidity position and balanced maturity profile *) Syndicated loan: 400 m€, committed lines: 400 m€, closed on November 23, 2011voestalpine AG18 | March 2012 | Investor Relations

voestalpine groupOutlook Trough in earnings passed in Q3 FY 2011/12  Pick up of demand and full capacity utilization in Steel Division since turn of the year  Further stable development of processing divisions Full year’s results of FY 2011/12 somewhat below last year’s levels expected Longer term predictions difficult due to global macro uncertainties  Sentiment still volatile due to public debt situation as well as pending problems in the banking sector and financial markets  GDP-growth expectations generally reduced across 2012 (including China)  Political environment within EU stabilizing UPTURN IN THE COURSE OF 1H CY 2012voestalpine AG19 | March 2012 | Investor Relations

IR Contact Peter Fleischer Reuters Head of Investor Relations VOES.VI E-Mail peter.fleischer@voestalpine.com Phone +43/50304/15-9949 Gerald Resch Bloomberg Investor Relations Manager VOE AV E-Mail gerald.resch@voestalpine.com Phone +43/50304/15-3152voestalpine AGwww.voestalpine.com

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