www.voestalpine.comvoestalpine AG

9th Basic Materials SeminarLondon 2014

Investor RelationsApril 2014

| |voestalpine AG2 Investor Relations

voestalpine GroupOverview

n High-tech steel is the base of voestalpine, but 15 years ofdownstream strategy have converted the group from asteelmaker into a technology and industrial goods corporation

n Based on premium products, the company today is one of theleading partners for the automotive and white goods industry aswell as the oil and gas industry

n voestalpine is worldmarket leader in turnout systems and railtechnology, in tool steels and special sections

Sales 11.5 €bn | EBITDA 1.44 €bn | Employees 46,400(Figures Financial Year 2012/13)

From a steel producer to a technology and industrial goods corporation

April 2014

| |voestalpine AG3 Investor Relations

voestalpine GroupBusiness concept

n The combination of metallurgical know-how in steel makingand top processing expertise leads to innovative technicalsolutions and new products

n Focus on strategic markets with utmost technology andquality standards ð mobility and energy (60 % of sales)

n Long-term relationships with customers, suppliers and R&D-institutions as key drivers for innovation

n Sustainable leading position with regard to its core marketsas well as quality, technology and financial performance

Number 3 in Europe by revenues and market cap

April 2014

| |voestalpine AG

voestalpine GroupGlobal footprint

4 Investor RelationsApril 2014

One Group - 500 sites - 50 countries - 5 continents

Revenue by industries (Financial year 2012/13)

2% Aviation industry

13% Railwayinfrastructure

29% Automotive

MOBILITY: 44%

ENERGY: 16%

11% Civil & mecha-nical engineering

15% Other

9% Building & con-struction

5% White goods/consumer goods

23 % GLOBAL MARKETS

Revenue by regions (Financial year 2012/13)

5% Brazil

8% North America

6% Asia

4% Rest of world

72% European Union(thereof Austria: 10%,

Germany: 30%)

5% Other Europe

| |voestalpine AG

voestalpine GroupLong-term strategy, cornerstones 2020

n Enhanced continuation of value-added growth

n Growth mainly in mobility- and energy-related industries (70% ofsales in 2020), aiming there for a globally leading position in definedhigh-tech product segments

n Expansion driven by growth markets outside Europe; in Europe,further strengthening of market-, quality- and technology-leadership incore segments

n Strong focus on downstream processing activities within portfolio ðfinal transformation into a technology and industrial goods corporation

n Long-term European leadership in financial performance

5

voestalpine 2020 – technology and industrial goods corporation with high-tech steel base

Investor RelationsApril 2014

Sales target: 20 €bnEBIT-margin target :(Ø): 9 %

ROCE target (Ø): 15 %EBITDA-margin target: (Ø): 14 %

| |voestalpine AG

voestalpine GroupBusiness development

n Improving macroeconomic sentiment sincelate 2013

n 9 months’ earnings still characterized bydownward trend of H2 CY 2013n Revenues declined, but profitability (margins) largely

stablen Processing divisions Metal Engineering and Metal

Forming with increased earningsn Special Steel Division and in particular Steel Division

with lower earnings, mainly due to weak pipeline andpower station business

n Strategy focus on downstream business stronglyconfirmed by this development

n Q3 FY 2013/14 marks trough of earningsdevelopment

April 20146

SALES

EBITDA EBIT

-margin -margin

Q1FY 2013/14 2,936

366 223

12.5 % 7.6 %

Q2FY 2013/14 2,788

321 177

11.5 % 6.4 %

Q3FY 2013/14 2,661

320 173

12.0 % 6.5 %

1-3 QFY 2013/14 8,384

1,007 573

12.0 % 6.8 %

1-3 QFY 2012/13 8,653

1,044 607

12.1 % 7.0 %

Investor Relations

| |voestalpine AG

Steel DivisionBusiness development

n European steel consumption improving sinceCQ4 2013 due to recovery in some steelconsuming industries

n BUT: Unsolved problem of enormousovercapacities creates permanent pressure onprices!

n voestalpine Steel Division with continuous 100 %utilization rate in a difficult environmentn Automotive production and sales in Europe improvingn Consumer goods industry (household, electrical

industry) stablen Mechanical engineering industry slightly improvingn Building and construction industry with first signs of

recoveryn Oil and gas transportation business (heavy plate)

despite 1st tranche of “South-Stream” still underpressure

n Slump of raw material prices recently

April 20147

SALES

EBITDA EBIT

-margin -margin

Q1FY 2013/14 990

111 55

11.2 % 5.6 %

Q2FY 2013/14 939

87 30

9.2 % 3.1 %

Q3FY 2013/14 887

88 29

9.9 % 3.2 %

1-3 QFY 2013/14 2,815

285 114

10.1 % 4.0 %

1-3 QFY 2012/13 2,906

337 165

11.6 % 5.7 %

Investor Relations

| |voestalpine AG

Special Steel DivisionBusiness development

April 20148

SALES

EBITDA EBIT

-margin -margin

Q1FY 2013/14 683

99 65

14.4 % 9.5 %

Q2FY 2013/14 643

78 45

12.1 % 7.0 %

Q3FY 2013/14 621

78 45

12.5 % 7.2 %

1-3 QFY 2013/14 1,947

254 155

13.0 % 7.9 %

1-3 QFY 2012/13 2,065

274 165

13.3 % 8.0 %

Investor Relations

n Solid performance in challenging marketenvironmentn Price pressure in H2 CY 2013 caused by low utilization

rates of competitorsn Inconsistent global development

n European market with low demand impulsesn Sound upward-trend in the US since end of 2013n Special steel growth rates in Asia still at a solid leveln Brazil with curbed economic activity, positive signals

from oil & gas recentlyn Unchanged weak demand in heavy machinery and

energy engineering (power plant) sectorsn Strong development in oil and gas exploration as

well as aviation industryn Largely stable demand in automotive and consumer

goods industries

| |voestalpine AG

Metal Engineering DivisionBusiness development

April 20149

SALES

EBITDA EBIT

-margin -margin

Q1FY 2013/14 767

112 83

14.6 % 10.8 %

Q2FY 2013/14 730

113 84

15.5 % 11.5 %

Q3FY 2013/14 678

108 79

15.9 % 11.6 %

1-3 QFY 2013/14 2,175

333 246

15.3 % 11.3 %

1-3 QFY 2012/13 2,239

309 224

13.8 % 10.0 %

Investor Relations

n Strong performance due to diversified portfolio ingrowth segments

n Solid demand in international railway infrastructure

n Strong impulses for special rails predominantly frommining regions

n On-going solid order intake for turnout systems in NorthAmerica, Asia, Turkey and MENA-region

n Globally high level of oil and gas explorationactivities induces strong demand for seamless tubes

n Upward trend in wire business mainly based onrecent improvements in European automotiveindustry

n Welding Consumables stable with some upwardpotential from power plant maintenance and service

| |voestalpine AG

Metal Forming DivisionBusiness development

April 201410

SALES

EBITDA EBIT

-margin -margin

Q1FY 2013/14 598

69 46

11.5 % 7.7 %

Q2FY 2013/14 568

61 39

10.8 % 6.9 %

Q3FY 2013/14 574

65 42

11.2 % 7.3 %

1-3 QFY 2013/14 1,740

194 127

11.2 % 7.3 %

1-3 QFY 2012/13 1,726

179 112

10.4 % 6.5 %

Investor Relations

n Stable performance prolongedn Improving demand in Automotive Body Parts

businessn Reduced year-end production shutdowns in Europen Mass producers with upturn in demand, premium-

segment unchanged solidn Stable demand level in Tubes & Sections business

n Consistently solid demand situation in constructionmachinery & agricultural machinery sectors as well asin aviation industry

n Stabilization of building and construction industry onlow level

n Sound development of Precision Strip business inNorth America and Germany

n Material Handling business (storage facilities) withexcellent order situation based upon continuinggrowth in online retail sales

www.voestalpine.comvoestalpine AG

Financial overview

| |voestalpine AG

voestalpine GroupConsolidated overview

12 Investor RelationsApril 2014

* Based on average number of shares

** Fixed assets and acquisitions

Q1-3 2012/1301.04. – 31.12.2012

Q1-3 2013/1401.04. – 31.12.2013

Changes in %

Sales €m 8,653 8,384 -3.1

EBITDA €m 1,044 1,007 -3.5

EBITDA-margin % 12.1 12.0

EBIT €m 607 573 -5.6

EBIT-margin % 7.0 6.8

EPS* € 1.8 1.7 -6.6

Investments** €m 498 664 33.3

Gearing % 49.8 50.2

| |voestalpine AG

voestalpine Group900 €m cost & efficiency improvement program

13 Investor RelationsApril 2014

n New 3-years efficiency and cost optimisation program includes all 4 divisions

n Targets defined and controlled at group-level, structure and implementation ofprogram adapted according to different divisional business models

n Effects on earnings (without inflationary effects!!)

n Focus of measures: Optimization logistics; reduction raw material cost, energycost and cost of maintenance; new (lean) structure in Steel Division and severalother business units; reduction working capital; broad implementation of a groupwide, global benchmarking-system

2014/15 275 €m

2015/16 345 €m

2016/17 280 €m

Total 900 €m

| |voestalpine AG

voestalpine GroupDevelopment EBIT

Q3

2012/13Price Mix/

VolumeMisc.Raw

materials

Q3

2013/14

607 €m573 €m

EBIT

7.0 %

21 €m

222 €m

-371 €m

94 €m

EBIT

6.8 %

14 Investor RelationsApril 2014

| |voestalpine AG15 Investor Relations

voestalpine GroupDevelopment cash flow

April 2014

Q1-3 2012/1301.04. – 31.12.2012

Q1-3 2013/1401.04. – 31.12.2013

Cash flow from results €m 825 824

Changes in working capital €m -94 -315

Cash flow from operating activities €m 731 509

Cash from investing activities €m -511 -641

Free cash flow €m 220 -132

| |voestalpine AG

voestalpine GroupDevelopment gearing ratio

16 Investor RelationsApril 2014

| |voestalpine AG17

voestalpine GroupDevelopment liquidity

Cash

Financialassets

€m

Committed

lines

Investor RelationsApril 2014

Liquidity

per 31.12.2013Redemption - Schedule per 31.12.2013

| |voestalpine AG

voestalpine GroupOutlook

18 Investor RelationsApril 2014

n Overall positive economic trend for CY 2014 expected, butrecovery still lacking momentumn Upward trend in global automotive industry confirmed by recent figures

n Conventional energy industry still suffering from “Energiewende”,

structural changes ahead

n First signs of recovery in Southern and Eastern EU construction business

n Aviation industry, agricultural machinery and railway infrastructure

globally on solid levels

n Consumer goods industry with stable performance

n Continuation of upward trend in North American Stable growth rates in Asia; Russia, India lagging behind

voestalpine Q4 EBITDA and EBIT improving vs. Q2 and Q3

www.voestalpine.comvoestalpine AG

IR Contact

Peter FleischerHead of Investor RelationsE-Mail peter.fleischer@voestalpine.comPhone +43/50304/15-9949

Gerald ReschInvestor Relations ManagerE-Mail gerald.resch@voestalpine.comPhone +43/50304/15-3152

BloombergVOE AV

ReutersVOES.VI