Klöckner & Co SE
A Leading Multi Metal Distributor
Frankfurt
November 24, 2015
Marcus A. Ketter
CFODeutsches Eigenkapitalforum
Disclaimer
This presentation contains forward-looking statements which reflect the current views of the management of
Klöckner & Co SE with respect to future events. They generally are designated by the words “expect”, “assume”,
“presume”, “intend”, “estimate”, “strive for”, “aim for”, “plan”, “will”, “endeavor”, “outlook” and comparable expressions and
generally contain information that relates to expectations or goals for economic conditions, sales proceeds or other
yardsticks for the success of the enterprise. Forward-looking statements are based on currently valid plans, estimates
and expectations. You therefore should view them with caution. Such statements are subject to risks and factors of
uncertainty, most of which are difficult to assess and which generally are outside of the control of Klöckner & Co SE. The
relevant factors include the effects of significant strategic and operational initiatives, including the acquisition or
disposition of companies. If these or other risks and factors of uncertainty occur or if the assumptions on which the
statements are based turn out to be incorrect, the actual results of Klöckner & Co SE can deviate significantly from those
that are expressed or implied in these statements. Klöckner & Co SE cannot give any guarantee that the expectations or
goals will be attained. Klöckner & Co SE – notwithstanding existing obligations under laws pertaining to capital markets –
rejects any responsibility for updating the forward-looking statements through taking into consideration new information
or future events or other things.
In addition to the key data prepared in accordance with International Financial Reporting Standards, Klöckner & Co SE is
presenting non-GAAP key data such as EBITDA, EBIT, Net Working Capital and net financial liabilities that are not a
component of the accounting regulations. These key data are to be viewed as supplementary to, but not as a substitute
for data prepared in accordance with International Financial Reporting Standards. Non-GAAP key data are not subject to
IFRS or any other generally applicable accounting regulations. Other companies may base these concepts upon other
definitions.
2
Agenda
3
Overview01
Update on strategy
Financials
Outlook
02
03
04
Appendix05
Outlook04
Klöckner & Co SE at a glance01
CustomersDistributor / Service CenterProducers
Products:
• Klöckner & Co is one of the largest producer-
independent distributors of steel and metal products and
one of the leading steel service center companies
worldwide
• Distribution and service platform with around
220 locations
• Key figures for 2014
Shipments: 6.6 million tons
Sales: €6.5 billion
EBITDA: €191 million
Services:
• Machinery
and
mechanical
engineering
• Yellow Goods
• White Goods
• Miscellaneous
• Automotive
• Commercial/
residential
construction
• Infrastructure
4
37%
12%
32%
19%
Suppliers SourcingProducts
and services
Logistics /
distribution
• As a producer-
independent
distributor, our
customers
benefit from our
diverse national
and
international
procurement
options
Customers
• Procurement of
large quantities
• Strategic
partnerships
• Extensive
product range
• Excellent
product and
processing
quality
• Wide-ranging
service
provision
• Local presence
• Individual
delivery,
including 24-
hour-service
• Around 150,000
customers
• Average normal
order size
approx. €2,000
Klöckner & Co value chain
Business modelHolistic solution from covering procurement, logistics and processing01
5
Global reach – local presence01
6
• With around 220 locations in 15 countries we assure local availability for our customers
• Austria
• Belgium
• Brazil
• China
• England
• France
• Germany
• Ireland
• Mexico
• Netherlands
• Puerto Rico
• Scotland
• Spain
• Switzerland
• USA
USA:
36%
Brazil:
<1%
China:
<1%
D:
24%
F/BE:
13%
CH:
15%
NL:
3%UK:
6%
ES: 2%
Europe:
63%
As of December 2014.
Exit planned
for year end
2015
1%
Reliance
Ryerson
TK
Samuel
O'Neal
Russel
Macsteel
Metals USA
PNA
Namasco
Others
Europe
US
2007 2014
5%Arcelor Mittal
ThyssenKrupp
KCO
Salzgitter
Tata
Others
5%Arcelor Mittal
ThyssenKrupp
KCO
Salzgitter
Tata
Others
4%Reliance
Ryerson
KloecknerMetals
ThyssenKrupp
Others
• Position in the US significantly improved whereas market share in Europe is expected to remain
stable despite heavy restructuring measures
Klöckner is together with TK the second largest steel and metal distributor in Europe
and number three in the US01
Source: Eurometal, Purchasing Magazine, Service Center News.
ThyssenKrupp
7
~3,000
~1,200
Still weak steel demand and high global overcapacities put pressure on prices01
Overcapacity of steel by region (2014)Steel demand total (in mt)
Source: Worldsteel.
EU-28
NAFTA
2013201220112010200920082007 2014 2015e
140
120
100
80
60
40
20
+1%-3%
2013201220112010200920082007 2014 2015e
200
180
160
140
120
100
80
60
40
20
-24%
NAFTA
~20
South
America
~25
Europe
~80
India
~20
CIS
~35 Japan
~20
China
~270
Other:~115
World:~585
Source: Bank of America Merrill Lynch, own estimates; in mt.
Steel price development HRC
Europe ($/mt) China ($/mt)USA ($/mt)
+1%
8
Agenda
9
Overview01
Update on strategy
Financials
Outlook
02
03
04
Appendix05
Outlook04
Improving environment in CH, mixed in the US and still weak in France02
• Exchange rate related price erosion halted
• More favorable procurement opportunities outside Switzerland due to stronger Swiss Franc
• Steel demand from construction industry remains healthy
• Import pressure leads to further falling steel prices
• Continuing weak volume development in the oil & gas sector and agriculture but increasing demand in all other sectors
• Filing of trade cases could help to bring market in better balance but inventories still too high and unknown volumes of imported steel still in ports
• Construction market remains in crisis mode despite increasing GDP
• Large scale commodity business with weak demand and heavy pressure on prices
• Only moderate recovery of steel demand expected in the coming years
10
KCO WIN significantly extended towards KCO WIN+02
All countries France* Further European
countries China Total
Scope
• Operating
optimization
• Decreasing
complexity and
focusing on the
proximity business
• Further reduction of
commodity business
and downsizing of
administrative
functions
• Full exit
Measures
• Optimized pricing
• Sales force
effectiveness
• Purchasing
excellence
• Warehouse
management and
logistics
• Consolidation and
closure of 11 sites
• Headcount reduction
of ~310
• Forced exit of large
customer commodity
business
• Downsizing of
country holding
• Consolidation and
closure of 5 sites
• Headcount reduction
of ~260
• Downsizing of
country holdings
• Closure of
SSC in
Changshu
• Headcount
reduction of
~35
* Measures which are submitted to the workers` council for an opinion.
+• Consoli-
dation
and
closure
of
17 sites
• Head-
count
reduction
of ~600
11
KCO WIN+ effects02
• EBITDA effect
• Total one-off effects of €52m
• Overall KCO WIN+ effect of up to €60m from 2017 onwards
• Existing measures adjusted against the background of deteriorating market conditions
• New measures with incremental effect of €30m in the coming two years
• Significant share thereof already in 2016
• Cash effect
• Cash out to be overcompensated by working capital release in 2016
• Additional positive midterm effect through asset sales
2014/2015
2016/2017
Total annual EBITDA impact of up to €60m from 2017 onwards
€26m
~€30m
€21m
already realized
12
EBITDA in 9M heavily impacted by adverse market effects02
13
CommentsEBITDA impactQ3 yoy
30
61 4
Net FX
Effect
2 6
-31
KCO
WIN+
Effect
Price
Effect
Volume
Effect
-12
Q3
2014*
-2
28
Q3
2015
(rep.)
OPEX Restruc-
turing
costs
Market related
GP effect of €-43m
Q3
2015
(bef.
restr.)9M yoy
76
158-72
Price
Effect
KCO
WIN+
Effect
Volume
Effect
9M
2015
(rep.)
Net FX
Effect
-28
47
22
-54
OPEX9M
2014*
Restruc-
turing
costs
7
9M
2015
(bef.
restr.)
Market related
GP effect of €-100m
• EBITDA under pressure due to
adverse market effects of -€43m in Q3
and in total -€100m in 9M
• Volume effect of -€12m in Q3 and
-€28m in 9M due to continuously
weak demand
• Negative price effect of -€31m in
Q3 and -€72m in 9M due to
deteriorating prices mainly in the
US but also in Europe
• Currency effects led to skewed income
statement figures
* Restated due to the initial application of IFRIC 21 (Levies)
Note: Columns are calculated w/o FX effects; translational FX effects shown in column “Net FX Effect”
“Klöckner & Co 2020“ growth strategy to drive the change02
14
Klöckner & Co 2020
Growth and
optimization
Operations
External &
internal growth
• KCO WIN+ including additional restructuring measures in France and further
structural optimization measures in other European countries
• Acquisition of American Fabricators in the US
• Regional focus on the US market due to good growth perspectives
Current focus
Digitalization
Products and
services
• Development and group wide rollout of innovative digital tools by kloeckner.i to
further increase customer benefits
• Digital integration of customers and suppliers across a wide range of interfaces
• Entry into Internet of Things through digital networks with machines
automatically ordering new stock
• Extension of 3D-Laser-Center in the UK and starting up new tube laser in the US
• Significant expansion of investments in higher value-added products and services• Expansion of business with aluminum via BSS initiated
Differentiation
Contract platform very well received by customers
15
• With the new contract platform customers are able
to view all relevant information about their contract
position status directly online
• Customers can also view delivery contracts
under way in addition to ongoing contracts
• Products can be retrieved directly from the
platform and expiring contracts can be extended
to ensure continuous supply
• All data can be imported in the current first version
into Excel and further processed in the customers’
systems
• Already 250 customers on-boarded in Germany
• Threshold of one million USD
sales via the platform crossed in the US
• High potential for further rollout especially in the
US due to contract business sales share of 40%
02
Online business with craftsmen and private customers launched02
• Collaboration with online specialist dealer Contorion
to move into the attractive long tail
• More than 900 Klöckner products such as sheets,
tubes and profiles online available with no minimum
order value
• Expansion of product range on offer at Contorion
planned
• Special processing and shipment infrastructure for
small quantities built at Klöckner’s location in
Frechen/Germany
• Market offers far higher margins than traditional steel
distribution due to lower price sensitivity of customers
• Go live of further Internet sales channels as part of a
multi-channel strategy intended
16
Entry into internet of things business via production machine software02
• Participation in AXOOM order and resource
management software project initiated by TRUMPF
• High digital competence enables Klöckner to participate
in the project as steel supplier from the very beginning
• Klöckner Contract Platform already integrated into the
AXOOM interface
• Final solution allows fully automated demand
recognition, order and delivery process – the machine
orders at Klöckner
• Presentation of cooperation on trade fairs: Last week at
Blechexpo in Stuttgart/Germany and currently at
FABTECH in Chicago/USA
• First pilot customers will test the platform starting this
month, launch is planned for April 2016
17
Digital transformation of Klöckner & Co in 3 steps02
18
Horizon 1
Customer and supplier
centric tools
Horizon 2
Service platform
Horizon 3
Industry platform
Customer and supplier
integration through online tools
and interfaces
Integration of the tools into
convenient service platform
Integration of suppliers,
fabricators and competitors
to provide the full range of
steel and metals
Value
Time
Business model transformation
Vision: industry platform02
19
Higher value-added strategy further advanced – American Fabricators02
20
• Acquisition of American Fabricators
• Entry into sheet metal fabrication as next strategic step following
expansion of service center activities
• Fabrication business with high margins and customer loyalty
• American Fabricators with annual sales of around USD30m
• 150 employees at one location in Nashville, TN, with some
10,000 square meters of manufacturing space
• Fabrication capabilities include punching, laser cutting, brake
forming, welding, metal finishing, assembly, etc.
• Production of a broad range of products from simple detail parts
up to complex multi-level assemblies
• Customer from various industries such as HVAC, transportation,
heavy and power distribution equipment
• Further acquisitions in the attractive fabrication segment planned
• Expansion of business with aluminum via BSS
• Processing of aluminum flat products for the
automotive and manufacturing industries in
Europe
• Aluminum as key growth material for the
automotive industry to be used for various
parts of modern cars
• Capex in the low to middle double-digit millions
of euros planned and creation of around
40 new jobs
• High synergy potential to existing business due
to erection of plant on the existing ground and
usage of customer relationships of Becker
Stahl-Service in marketing
• Start of construction scheduled for spring 2016,
with completion in 2017
Higher value-added strategy further advanced – Becker Stahl-Service02
21
Agenda
22
Overview01
Update on strategy
Financials
Outlook
02
03
04
Appendix05
Outlook04
1,600
1,455
1,572
1,680 1,675
1,577
1,697 1,693
1,597
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
1,617
1,492
1,633
1,720
1,690
1,555
1,6611,645 1,636
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
Shipments and sales03
Sales (€m)Shipments (Tto)
• Decrease yoy and qoq driven by the further
weakened market situation in Europe and
Americas
• Sales decreased qoq and yoy more pronounced
than shipments due to high pressure on prices
23
-3.2%
-0.6%
-4.6%
-5.7%
3940 39
5861
33
10
36
30
Q32013
Q42013
Q12014**
Q22014**
Q32014**
Q42014**
Q12015
Q22015
Q32015
296
288
302
325 325
309 310
325
311
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
Gross profit and EBITDA03
24
Gross profit* (€m) / Gross margin* (%)
• Gross margin with 19.4% stable yoy
• qoq gross margin slightly improved from 19.2%
to 19.4%
• EBITDA before restructuring in Q3 heavily burdened
by weak market situation
• EBITDA margin before restructuring therefore down
by 1.7%p to 1.9% yoy and down qoq by 0.2%p* Before restructuring cost.
** Prior year amount restated due to the initial application of IFRIC 21 (Levies).
EBITDA* (€m) / EBITDA margin* (%)
18.5
19.8
19.219.3
19.4 19.6
18.2
19.2
19.42.4
2.7
2.5
3.5 3.6
2.1
0.6
2.1
1.9
XX Segment performance (shipments and sales)03
25
• Shipments
• European shipments lower by 2.7%
• Americas is down by 3.8% due to a weak market
Sales (€m)
Comments
• Sales
• Europe sales down due to further weakening prices
(-5.3%) despite strong Swiss Franc and British Pound
• Americas segment sales down also due to deteriorating
prices
-2.7%
-3.8%
634
986
Q3 2014
1,675
1,041
-4.6%
Americas
Europe
Q3 2015
1,597
611
Shipments (Tto)
-5.3%
-3.6%
733 705
957 931
-3.2%
Europe
Americas
Q3 2015
1,636
Q3 2014
1,690
Segment performance (gross profit and EBITDA)03
26
• Europe
• Gross margin at 20.9% compared to 20.7% in
Q3 2014
• EBITDA down yoy by €13m
• EBITDA margin down yoy by 1.2%p to 2.1%
• Americas
• Gross margin at 17.1% compared to 17.3% in
previous year’s quarter
• EBITDA down yoy by €16m
• EBITDA margin down by 2.4%p to 2.4%
Gross profit (€m)* Comments
EBITDA (€m)*
216 206
110Americas
Europe
-4.5%325
105
Q3 2014 Q3 2015
311
-4.3%
-4.7%
30
34
21
-3
14
Europe
61
Q3 2015
Americas
HQ/Consol.
-50.6%
Q3 2014**
30
-5
-40.1%
-52.0%
* Before restructuring costs.
** Prior year amount restated due to the initial application of IFRIC 21 (Levies).
Financing and liquidity: Generating cash in downturn again03
27
Cash flow YTD 09/2015 Comments
36
Net financial debt 09/2014 vs 09/2015
• Net financial debt reported skewed due to
translation effects and impact of f/x swaps
• On a like-for-like basis net financial debt
decreased from €557m to €422m
• Strong cash flow generation in Q2 and Q3
by release of NWC
• Business model continues to generate cash in
downturn
• “Other” in Q2 includes €52m and in Q3 €2m
restructuring
• Operating CF YTD 09/2015: +€60m
135
-17
NFD 09/2015
Net Debt
09/2015 lfl
557 -78
F/X transl. F/X swaps
NFD
09/2015 rep.
517
422
Operating
reduction
of NFD
Q1: Op. CF -€111m
6067
EBITDA
Q1/2015
-131
10
Oper.
CF YTD
09/2015
Oper.
CF YTD
06/2015
Other Other
-20
Change
in NWC
-17
EBITDA
Q2/2015
83
Change
in NWC
-111
Other
10
28-15
EBITDA
Q3/2015
Oper.
CF YTD
03/2015
Change
in NWC
30
Q2: Op. CF +€96m Q3: Op. CF +€75m(€m)
(€m)
Europe: -€94 m
Americas: -€37m
Europe: €25m
Americas: €58m
Europe: €32m
Americas: €35m
Maturity profile September 2015 03
28
Maturity profile of committed facilities & drawn amounts (€m)
FacilityCommitted
(€m)
Drawn amount (€m, IFRS)
Q3 2015* FY 2014*
Syndicated Loan 360 0 101
ABS Europe 300 104 72
ABS/ABL USA 536 228 150
Promissory Notes 133 135 187
Convertible 2010 1) 186 188 178
Bilateral Facilities 2) 314 167 101
Total Debt 1,829 822 788
Cash 305 316
Net Debt 517 472
€m Q3 2015
Adjusted equity 1,345
Net debt 517
Gearing 3) 38%
*Including interest accrued, excluding deferred transaction costs
1) Drawn amount excludes equity component
2) Including finance lease
3) Net debt/Equity attributable to shareholders of Klöckner & Co SE less goodwill
from business combinations subsequent to May 23, 2013
Left side: committed facilities Right side: drawn amounts (nominal amounts)
3131
4042
60
17
Thereafter
377
360
2018
17
104
349
227
18
2017
854
300
536
186
2016
18
175
2015
173
133133
246
392
186
206
Promissory notesBilaterals Syndicated loanABS Europe
ABS/ABL USA Convertible
Agenda
29
Overview01
Update on strategy
Financials
Outlook
02
03
04
Appendix05
Outlook04
EBITDA break-even analysis 2013-201704
30
1) Assumes re-investment in line with depreciation.
2) Excludes restructuring impairment losses of €24m in 2013.
3) Assumes repayment of Convertibles and Promissory Notes through cash and min. average cash of €110 million, excludes impact of Frefer put option of €3m in 2013.
7661
4636 34
54
56
71 75
51
37
3424 18
141
61
127
20172013
182
131
2015 20162014
154
Depreciation(2)
Financial result(3)
Amortization(1)
Mainly
Convertible ’14:
and
Promissory Note
In case of no-put:
./. ≤15.9mIn case of no-put:
+ <8m
In case of no-put:
+ <8m
Mainly
Convertible ’14:
and
Promissory Note
and F/X
Mainly
Convertible ’15:
and
Promissory Note
ppappappa
ppa
FY
Segment specific business outlook 201504
US
Real steel demand
Europe
~ +1% ~ -2%
Construction industry
Manufacturing, machinery and
mechanical engineering, etc.
Automotive industry
31
Energy industry
Outlook 04
• Q4 2015
• Lower sales expected compared to the previous quarter due to seasonality
• EBITDA before restructuring forecasted to be in the single-digit million euro range due to ongoing
adverse market conditions and the traditionally weak business period at the end of the year
• FY 2015
• FY EBITDA before restructuring anticipated at up to €85m
• Slightly positive free cash flow expected
• FY 2016
• EBITDA expected to rise significantly compared to previous year`s figure adjusted for
restructuring expenses – even if the market environment remains only stable
• Noticeably positive net income anticipated
32
Agenda
33
Overview01
Update on strategy
Financials
Outlook
02
03
04
Appendix05
Outlook04
Quarterly results and FY results 2012-201505
(€m)Q3
2015
Q2
2015
Q1
2015
Q4
2014*
Q3
2014*
Q2
2014*
Q1
2014*
Q4
2013
Q3
2013
FY
2014
FY
2013
FY
2012**
Shipments (Tto) 1,636 1,645 1,661 1,555 1,690 1,720 1,633 1,492 1,617 6,598 6,445 7,068
Sales 1,597 1,693 1,697 1,577 1,675 1,680 1,572 1,455 1,600 6,504 6,378 7,388
Gross profit 311 320 310 309 325 325 302 284 296 1,261 1,188 1,288
% margin 19.4 18.9 18.2 19.6 19.4 19.3 19.2 19.5 18.5 19.4 18.6 17.4
EBITDA rep. 28 -17 10 33 61 58 39 16 36 191 124 60
% margin 1.8 -1.0 0.6 2.1 3.6 3.5 2.5 1.1 2.3 2.9 2.0 0.8
EBIT 5 -44 -15 8 38 36 17 -36 10 98 -6 -105
Financial result -12 -13 -12 -13 -14 -16 -17 -17 -19 -59 -73 -80
Income before taxes -7 -56 -27 -4 24 19 0 -52 -8 39 -79 -185
Income taxes -2 1 6 1 -8 -7 -2 -7 -3 -17 -12 -18
Net income -9 -55 -22 -4 16 12 -2 -59 -11 22 -90 -203
Minority interests 0 -1 0 -1 0 0 0 -5 0 0 -6 -3
Net income KlöCo -9 -54 -21 -4 16 12 -2 -54 -11 22 -85 -200
EPS basic (€) -0.09 -0.54 -0.22 -0.04 0.16 0.12 -0.02 -0.54 -0.11 0.22 -0.85 -2.00
EPS diluted (€) -0.09 -0.54 -0.22 -0.04 0.16 0.12 -0.02 -0.54 -0.11 0.22 -0.85 -2.00
* Restated due to initial application of IFRIC 21.
** Restated due to initial application IAS 19 revised 2011.
34
Segment performance05E
uro
pe
Am
ericas
EBITDA*,** before restructuring (€m)
Shipments (Tto) Sales (€m) EBITDA* before restructuring (€m)
Restructuring costs (€m) Q3 2013 Q4 2013 Q2 2015 Q3 2015
Europe 13 52 2
Americas 2 11 ** Including pension release: Q3 2013 €6m and Q4 2013 €1m
and sale of French La Courneuve site €13m.
Shipments (Tto) Sales (€m)
35
* 2014 amounts restated due to the initial application of IFRIC 21 (Levies).
903
839
956
987
957
893
979 970
931
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
1,006
935
1,015
1,072
1,041
973
1,025
1,054
986
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
26
34
23
33 34
18
8
29
21
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
714
653
677
733 733
662
682675
705
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
594
520557
608 634604
672639
611
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
20
13
21
29 30
20
7
13 14
Q32013
Q42013
Q12014
Q22014
Q32014
Q42014
Q12015
Q22015
Q32015
-2.7% -5.3%
-3.8% -3.6%
• Equity ratio further healthy at 39%
• Net debt of €517m
• Gearing* at 38%
• NWC increased from €1,321m to €1,369m
Strong balance sheet05
* Gearing = Net debt/Equity attributable to shareholders of
Klöckner & Co SE less goodwill from business
combinations subsequent to May 23, 2013.
Comments
Assets
746 828
305316146
1,151
Trade receivables
3,499
1,104Inventories
Other current assets
Liquidity
Non-current assets
Dec 31, 2014 Sep 30, 2015
3,629
1,318
1,103
111
743 563
328334
781 816
410348
Pensions
Dec 31, 2014
3,499
Equity
Other liabilities
Sep 30, 2015
Financial liabilities
Trade payables
1,429
3,629
1,376
Equity & liabilities
39% 39%
36
Sales by markets, products and industries05
37
As of December 31, 2014
Sales by markets Sales by industry
Sales by product
Current shareholder structure05
Geographical breakdown of identified
institutional investors• Identified institutional investors
account for 67%
• German investors incl. retail
dominate
• Top 10 shareholdings represent
around 65%
• Retail shareholders represent 30%
Comments
As of October 2015.
38
Rest of World 8%
Rest of EU 2%
US 50%
France 7%
Germany 24%
UK 6%
Switzerland 3%
Current shareholder structure05
39
Voting Rights Announcements according to WpHG (Security Trading Act)*
*) The table lists all shareholders, whose Klöckner & Co SE voting shares exceed one of the notification thresholds under section 21 clause 1 WpHG, based on notification as of Nov. 17, 2015.
Date of publication Subject to compulsory notification Portion of
voting
stock
16/11/2015 UBS Group AG 4.08%
13/11/2015 BNY Mellon Service Kapitalanlage-Gesellschaft mbH 3.01%
12/10/2015 Swoctem GmbH / Friedhelm Loh 15.27%
27/05/2015 Federated Global Investment Management Corp. 5.06%
04/03/2015 Franklin Mutual Series Funds 3.07%
02/06/2014 Interfer Holding GmbH 4.98%
18/03/2014 Franklin Mutual Advisors – included therein: Franklin
Templeton Investment Funds (3.15%)
5.35%
02/02/2012 Dimensional Holdings Inc. /
Dimensional Fund Advisors LP
3.06%
Strong Growth: 26 acquisitions since the IPO05
40
¹ Date of announcement 2 Sales in the year prior to acquisitions 3 The transaction is still subject to normal closing conditions
but has already been approved, with a different transaction structure, by the Swiss Competition Commission.
Country Acquired 1) Company Sales (FY)2)
GER Mar 2010 Becker Stahl-Service €600m
CH Jan 2010 Bläsi €32m
US Mar 2008 Temtco €226m
UK Jan 2008 Multitubes €5m
2008 2 acquisitions €231m
2007 12 acquisitions €567m
2006 4 acquisitions €108m
USA Dec 2010 Lake Steel €50m
USA Sep 2010 Angeles Welding €30m
Brazil May 2011 Frefer €150m
USA April 2011 Macsteel €1bn
2010 4 acquisitions €712m
2014 1 acquisition €140m
CH 2nd quarter 20143) Riedo €140m
2011 2 acquisitions €1,150m
USA Oct. 2015 American Fabricators €22m
2015 1 acquisition €22m
KCO WIN Q1 EBITDA impact05
41
• KCO WIN Program contributed €3m
to EBITDA against prior year in Q1
• EBITDA effect in line with
expectations in the Europe
segment
• EBITDA contribution in the
Americas segment distorted by the
strong price decline in the US
CommentsEBITDA impact
Q1
6
45
Q1
2014
-7
KCO
WIN
Effect
Other
Effects
mainly
IFRIC
21
-7
Q1
2015
OPEX*
10-2
-9-7
Volume
Effect
-22
Price
Effect
3
GP
Effect
Riedo
1
FX
Effect
Market related GP effect: €-29m
Other
Effects
mainly
IFRIC 21
IFRIC 21
* Thereof -€4m Riedo.
KCO WIN EBITDA impact Q2 and H105
42
CommentsEBITDA impactQ2 yoy
36
56
Volume
Effect
-15
Q2
2014*
-52
Other
Effects
mainly
IFRIC
21
2
OPEX
8
Q2
2015
(rep.)
-17
Restruc-
turing
costs
Net FX
Effect
2
KCO
WIN
Effect
2
Price
Effect
-19
Market related
GP effect of €-34m
Q2
2015
(bef.
restr.)
H1 yoy
46
101
-7
H1
2015
(rep.)
Restruc-
turing
costs
-52
3
KCO
WIN
Effect
5
Price
Effect
-41
Volume
Effect
-16
H1
2014*
Other
Effects
mainly
IFRIC
21
-7
OPEX
1
Net FX
EffectQ2
2015
(bef.
restr.)* Before initial application of IFRIC 21.
Market related
GP effect of €-57m
• Results significantly burdened by
negative market effects of -€34m in
Q2 and totally -€57m in H1
• Negative volume effect of €15m in
Q2 and €16m in H1 due to
continuously weak markets esp. in
the US
• Negative price effect of €19m in
Q2 and €41m in H1 mainly due to
deteriorating prices in the US and
f/x related also in CH
• Income statement figures skewed by
currency effects
Products 05
43
Hollow SectionsFlat Products
Long Products Stainless / Aluminium
Products / Services 05
44
Coils Decoiling / Cutting / Slitting
Cutting to Length / Bending Surface treatment
Services 05
45
3D-Laser 3D-Laser
3D-LaserLaser cutting / Flame cutting
Appendix05
Contact details Investor Relations
Christian Pokropp, Head of Investor Relations & Corporate Communications
Phone: +49 203 307 2050
Fax: +49 203 307 5025
Email: [email protected]
Internet: www.kloeckner.com
Financial calendar 2016
March 1, 2016 Annual Financial Statements 2015
May 4, 2016 Q1 interim report 2016
May 13, 2016 Annual General Meeting 2016, Düsseldorf
August 4, 2016 Q2 interim report 2016
November 3, 2016 Q3 interim report 2016
46
Our Symbol
the ears
attentive to customer needs
the eyes
looking forward to new developments
the nose
sniffing out opportunities
to improve performance
the ball
symbolic of our role to fetch
and carry for our customers
the legs
always moving fast to keep up with
the demands of the customers