Klöckner & Co - Roadshow Presentation August 8, 2013

30
Klöckner & Co SE A Leading Multi Metal Distributor Roadshow M.M.Warburg Frankfurt CEO Gisbert Rühl August 8, 2013

description

Roadshow M.M.Warburg in Frankfurt

Transcript of Klöckner & Co - Roadshow Presentation August 8, 2013

Page 1: Klöckner & Co - Roadshow Presentation August 8, 2013

Klöckner & Co SE

A Leading Multi Metal Distributor

Roadshow M.M.Warburg

Frankfurt

CEO

Gisbert Rühl

August 8, 2013

Page 2: Klöckner & Co - Roadshow Presentation August 8, 2013

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”, “strive”, “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

Page 3: Klöckner & Co - Roadshow Presentation August 8, 2013

Highlights and update on strategy 01

Financials Q2 2013

Outlook

Appendix

02

03

04

Agenda

3

Page 4: Klöckner & Co - Roadshow Presentation August 8, 2013

Negative market impact increasingly compensated by far advanced restructuring

measures 01

4

EBITDA-margin improved, net loss reduced

• Market especially in Europe (-6.1% yoy)* but also in the US (-2.5% yoy)** in Q2 further under pressure

• Turnover of Klöckner & Co declined by 9.3% yoy also due to closure and divestment of sites and exit of low margin

business (-5.0%p), decline without restructuring effect 4.3% yoy, turnover went up sequentially by 2.7%

• Sales -13.5% yoy additionally burdened by lower price level (excluding restructuring: -8.7%)

• Gross profit of €305m under proportionally by 11.4% below prior year (€344m, before restructuring), gross margin

improved from 17.5% to 18.0%

• EBITDA of €43m due to cost cuts of €24m despite strong declining turnover above prior year of reported €33m but

slightly below EBITDA before restructuring of €50m; EBITDA met guidance of €35-45m also without included €7m

one-off from the release of pension accruals, EBITDA increased sequentially by €14m

• EBIT as rep. increased by €41m to €17m, prior year €-24m was impacted by extraordinary effects, net loss similarly

reduced from €-39m to €-4m

• Restructuring measures far advanced: 60 out of 70 sites closed and 1.800 out of more than 2.000 HC reduced;

extended measures to be implemented by the end of 2013, EBITDA contribution of €17m in Q2 and €29m in H1

realized

• Operating EBITDA of between €30m-€40m expected for Q3 2013

• Full year operating EBITDA target at last year`s level of €140m (before restructuring) despite weaker H1 2013.

Restructuring costs of €18m (w/o compensating effects) expected against €77m in 2012.

• European ABS and Syndicated Loan each amounting to €360m prolonged until May 2016

* Source: Eurometal; turnover of distribution in Q2 in Europe yoy; contains data until May.

** Source: MSCI; turnover of distribution/ SSC in Q2 in the US yoy.

Page 5: Klöckner & Co - Roadshow Presentation August 8, 2013

Against the background of continuing muted outlook for the European steel market

we further extended our comprehensive restructuring program (KCO 6.0) in May 01

5

Measures

• Program extension in France

• Realization of further synergy potential in the US

• Reduction of overall > 2,000 employees (= 17%) and ~70 sites

• Total cost reduction increased to €190m

• Total annual EBITDA-impact increased to ~€160m (before: €150m)

• Reduction of NWC by >€170m

• Additional cost of approximately €18m mainly offset by NWC release

2013

2014

€51m

already realized

€65m

€45m

Total annual EBITDA-impact of ~€160m

2011-2012

€29m

Page 6: Klöckner & Co - Roadshow Presentation August 8, 2013

01 Restructuring far advanced

6

Employees

• 1,800 out of more than 2,000 HC

reductions completed

• 60 out of 70 targeted branches closed

or sold since start of program in Q3

2011

• Only extended measures concerning

France and the US outstanding which

are according to plan to be

implemented in H2

Comments

UK ESP

F EEC

9,995

11,577

GER

Holding US BR

Q3 2011

Europe

-1,200

Americas

Q2 2013

-359

Reduced by ~ 1,600, including temps ~1,800

~9,700

F, US

Q4 2013

-23

Sites

220

290 UK

ESP

EEC GER BR

Q3 2011 Q2 2013

230 F, US

F US

Q4 2013

Page 7: Klöckner & Co - Roadshow Presentation August 8, 2013

KCO 6.0 measures having strong impact on the P&L 01

1) Restructuring costs.

Total GP effect: €34m

44*

-4

Price

Effect

-14

Volume

Effect

-23

EBITDA

Q2 2012

OPEX 2)

29

EBITDA

Q2 2013

10

KCO 6.0

Fix-cost

effect

16

KCO

6.0 GP

effect

KCO 6.0 EBITDA

expenses

€17m

269274280288

-9%

Q2 13 Q1 13 Q4 123) Q3 12 3) Q2 12 3)

294

-2.2% -2.6% -2.3%

in €m

KCO 6.0 EBITDA impact

OPEX

7

43

7

24

20

21

6

33

-1.8%

2) Includes one-off gain of €7m due to release of pension accruals.

• In Q2 measures contributed an

additional €17m to EBITDA against

prior year, ytd €29m

• Cost cuts achieved trough KCO 6.0

amounted to €24m in Q2, ytd €40m

• Gross profit despite higher margin

€-34m due to lower turnover

• OPEX declined by 9% compared to

Q2 2012

Comments

171)

50

3) Incl. expenses due to initial application of IAS19 revised 2011

and excl. restructuring expenses.

Page 8: Klöckner & Co - Roadshow Presentation August 8, 2013

KCO WIN measures to support “Klöckner & Co 2020“ strategy 01

8

Enabling

activities

Differentiation

Operations

External &

internal

growth

Service model

Business model

innovations

• Profitable growth strategy with focus on value added products and

services

• Optimized net working capital

• Optimized pricing and sales force management

• Global sourcing to leverage price potential and global material flows

• Advanced logistics

• Extended e-commerce solutions

• Specific value streams for servicing customers

• Opportunities for disruptive innovations through fundamental business

model changes

Management &

personnel

development

Controlling &

IT systems

• Optimized and extended management reviews and

development programs

• Advanced systems for Accounting, Controlling, Audit, Tax & Treasury

• Extended Corporate IT

• Advanced global collaboration

KCO WIN

Growth and

optimization

Page 9: Klöckner & Co - Roadshow Presentation August 8, 2013

Highlights and update on strategy 01

Financials Q2 2013

Outlook

Appendix

02

03

04

Agenda

9

Page 10: Klöckner & Co - Roadshow Presentation August 8, 2013

Financials Q2 2013 02

10

EBITDA

Sales

Gross profit

Turnover

* Excluding restructuring costs but restated for the initial application of IAS19 revised 2011.

€1,964m

€1,698m

-13.5%

Q2 2013 Q2 2012

1,863 Tto

-9.3%

Q2 2012 Q2 2013

1,690 Tto

-13.5%

Q2 2012

€43m

€50m* €340m**

€305m

-11.4%

Q2 2013 Q2 2012 Q2 2013

€33m**

Restructuring costs

** Including restructuring costs and restated for the initial application of IAS19 revised 2011.

+31.7%

€344m*

-10.2%

Page 11: Klöckner & Co - Roadshow Presentation August 8, 2013

Financials H1 2013 02

11

EBITDA

Sales

Gross profit

Turnover

€3,909m

€3,322m

-15.0%

H1 2013 H1 2012

3,720 Tto

-10.3%

H1 2012 H1 2013

3,336 Tto

-26.1%

H1 2012

€72m

€683m** €608m

-11.6%

H1 2013 H1 2012 H1 2013

€97m*

€77m**

Restructuring costs

** Including restructuring costs and restated for the initial application of IAS19 revised 2011.

-6.5%

* Excluding restructuring costs but restated for the initial application of IAS19 revised 2011.

€687m*

-11.1%

Page 12: Klöckner & Co - Roadshow Presentation August 8, 2013

1,690 1,763 1,765

1,636

1,857 1,863

1,764

1,585 1,646

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Q2 2013

1,885 1,885 1,739

1,945 1,964 1,847

1,633 1,625 1,698

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Q2 2013

+30.5%

Turnover and sales 02

Sales (€m) & Americas share Turnover (Tto) & Americas share

• Turnover down 9.3% yoy due to weak steel markets

and restructuring impact of -5.0%p but sequentially

up by 2.7% driven by seasonal effects

• Turnover share of Americas segment continuously

increasing from 32% in Q2 2011 to over 44% in Q2

2013

• Sales -13.5% yoy additionally impacted by lower

price level

• Average price per ton down yoy (Q2 2013: €1,004

vs. Q2 2012: €1,054)

12

-13.5%

+4.5%

27.6 33.6

34.6 37.1 37.0 37.8

36.3 37.4

+2.7%

-9.3%

32.4

39.5 39.5 40.5 41.1 42.3 42.7 43.5 37.5

44.3

Page 13: Klöckner & Co - Roadshow Presentation August 8, 2013

EBITDA (€m) / EBITDA-margin (%)

Gross profit and EBITDA 02

Gross profit (€m) / Gross-margin (%)

• Despite further declining prices, gross profit margin

improved compared to Q2 2012 (+0.5%p) mainly

due to exit of low margin business

* Before restructuring costs.

13

• Strong cost reduction with positive effect on

EBITDA-margin, generating significantly higher

EBITDA qoq out of only slightly improved gross profit

** As restated for the initial application of IAS19 revised 2011.

62

37

24*

47* 50*

18 21*

29

43*

3.3

1.9 1.3*

2.4* 2.5* 1.0 1.3* 1.8

2.5*

Q2 2011

Q3 2011

Q4 2011

Q1 2012**

Q2 2012**

Q3 2012**

Q4 2012**

Q1 2013

Q2 2013

337

318

307

344 344*

306 302* 303

305

17.9

16.8 17.6 17.7 17.5*

16.6

18.5* 18.6 18.0

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Q2 2013

* Incl. €7m pension release; without release 2.1% EBITDA-margin

Page 14: Klöckner & Co - Roadshow Presentation August 8, 2013

571

698 646

752 766 746 677

716 749

Q2

2011

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

520

634 602

722 727 698

592 608 637

Q2

2011

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

1,365 1,251

1,137 1,223 1,237

1,149 1,041 1,017 1,061

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Q2 2013

1,192

1,067 990 1,105 1,097 1,018

908 930 941

Q2 2011

Q3 2011

Q4 2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Q2 2013

Key figures by segment 02

Turnover (Tto) Sales (€m) EBITDA (€m)

* Restructuring costs: Europe: €3m in Q1, €17m in Q2, €-1m in Q3 and €57m in Q4; Q4 2011: €10m; Americas: €1m in Q4.

Turnover (Tto) Sales (€m) EBITDA (€m)

Euro

pe

Am

ericas

-14.3% -14.2%

-2.1% -12.3%

14

** As restated for the initial application of IAS19 revised 2011.

50

24 22* 22*

35*

12* 16*

14

28***

Q2 2011

Q3 2011

Q4 2011

Q1 2012**

Q2 2012**

Q3 2012**

Q4 2012**

Q1 2013

Q2 2013

23

15 13

29

22

12

16*

21 20

Q2

2011

Q3

2011

Q4

2011

Q1

2012**

Q2

2012**

Q3

2012**

Q4

2012**

Q1

2013

Q2

2013

*** Includes €7m release of pensions.

Page 15: Klöckner & Co - Roadshow Presentation August 8, 2013

Cash flow and net debt development 02

Cash flow reconciliation in Q2 2013 (€m)

• NWC reduced qoq due to weak demand

• Capex (net) of €-8m

Comments

-8 -20

-29

-12

-35

-9

18

43

EBITDA

reported

Change in

NWC

Taxes Other CF from operating activities

Capex

net

Free CF Interest

15

Development of net financial debt in Q2 2013 (€m)

Q1 2013

CF from

operating

activities

Capex

(net)

Other*

Q2 2013

-489 13 -482

-8 -12

* exchange rate effects, interest.

Page 16: Klöckner & Co - Roadshow Presentation August 8, 2013

• Equity ratio still solid at 39%

• Net debt of €489m

• Gearing* at 33%

• NWC increased seasonally by €49m to €1,456m

** As restated for the initial application of IAS 19 rev. 2011.

Strong balance sheet 02

* Gearing = Net debt/Equity attributable to shareholders of

Klöckner & Co SE less goodwill from business

combinations subsequent to May 23, 2013.

Comments

16

Assets

610 570

787 960

Liquidity

Other current assets

Trade receivables

Inventories

Non-current assets

Q2 2013

3,897

100

1,198

1,069

FY 2012**

3,880

122

1,254

1,107

994

1,384

1,502

Q2 2013

Equity

Non-current liabilities

Current liabilities

3,897

1,132

1,251

1,514

FY 2012**

3,880

Equity & liabilities

38.7% 38.9%

Page 17: Klöckner & Co - Roadshow Presentation August 8, 2013

Balanced maturity profile June 2013 02

17

Maturity profile of committed facilities and drawn

amounts (€m)

€m Facility Committed Drawn amount

Q2 2013* FY 2012*

Bilateral Facilities 1) 565 184 98

Other Bonds 4 4 9

ABS 570 179 161

Syndicated Loan 360 161 161

Promissory Note 269 270 348

Total Senior Debt 1,768 798 777

Convertible 2009 2) 98 92 92

Convertible 2010 2) 186 170 164

Total Debt 2,052 1,060 1,033

Cash 570 611

Net Debt 489 422

€m Q2 2013

Adjusted equity 1,493

Net debt 489

Gearing 3) 33%

*Including interest

1) Including finance lease

2) Drawn amount excludes equity component

3) Net debt/Equity attributable to shareholders of Klöckner & Co SE less goodwill from business combinations

subsequent to May 23, 2013

4) Incl. Swiss facilities of 156 Mio. EUR which are automatically renewed on a yearly basis

Left side: committed facilities Right side: drawn amounts

52

42

261

104

112210

67

360

8

8

11

19

46

206

371

136

160

2016

864

136

360 268

186

212

98

62

2013

216

Thereafter

471

71

2015

299

186

71 179

98

62

2014

Convertibles Promissory notes Syndicated loan ABS Bilaterals

4)

Page 18: Klöckner & Co - Roadshow Presentation August 8, 2013

Solid financing and balance sheet structure support strategy “Klöckner & Co 2020“ 02

18

• Balance sheet remains strong

• Equity ratio still solid at 39%

• Gearing at a low level of 33%

• Financing position is very robust

• Diversified finance structure with 10 different finance instruments

• Balanced maturity profile with average maturity of 3 years

• Access to facilities of around €2.1bn in total

• €570m cash

• European ABS and Syndicated Loan each amounting to €360m prolonged until May 2016

• Targets for 2013

• Free cash flow positive

• Reducing NWC and net debt

Page 19: Klöckner & Co - Roadshow Presentation August 8, 2013

Highlights and update on strategy 01

Financials Q2 2013

Outlook

Appendix

02

03

04

Agenda

19

Page 20: Klöckner & Co - Roadshow Presentation August 8, 2013

Demand expectations for H2 03

20

As the seasonal summer slowdown approaches, markets in Europe and North America

will remain quiet with prices tending overall upwards in Q3

• Construction in Germany and Switzerland slightly better, France and UK stable on low level,

Spain weak

• Auto is expected to be low throughout 2013, especially in France

• Slightly improving demand for machinery & mechanical engineering in Germany

• Auto, HVAC, barge and shipbuilding, storage tanks better

• non-res construction, mining, yellow goods, machinery weaker

Europe

US

Brazil

China

• Further increasing demand for agricultural equipment, trucks and in energy sector

• Weaker demand for mining and sugar mills

• Healthy demand for steel structures and port equipment for export

• Basically all other sectors are not doing well, particularly mechanical engineering and

construction equipment, which is heavily oversupplied

Page 21: Klöckner & Co - Roadshow Presentation August 8, 2013

Outlook

• Q3 2013

• Turnover and sales to be seasonally lower but less pronounced because of improving outlook in

the US

• EBITDA guidance of €30-40m driven by increasing prices and further restructuring effects kicking in

• FY 2013

• Turnover and sales expected to come in below prior year`s level mainly due to weaker H1

• Operating EBITDA target at last year`s level of €140m before restructuring costs

• Free cash flow expected to be positive

• Net debt again to be reduced yoy despite restructuring cash-outs

03

21

Page 22: Klöckner & Co - Roadshow Presentation August 8, 2013

Highlights and update on strategy 01

Financials Q2 2013

Outlook

Appendix

02

03

04

Agenda

22

Page 23: Klöckner & Co - Roadshow Presentation August 8, 2013

Quarterly results and FY results 2008-2013 04

23

(€m) Q2

2013

Q1

2013

Q4

2012*

Q3

2012*

Q2

2012*

Q1

2012*

Q4

2011

Q3

2011

Q2

2011

FY

2012*

FY

2011

FY

2010

FY

2009

FY

2008

Turnover (Tto) 1,690 1,646 1,585 1,764 1,863 1,857 1,636 1,765 1,763 7,068 6,661 5,314 4,119 5,974

Sales 1,698 1,625 1,633 1,847 1,964 1,945 1,739 1,885 1,885 7,388 7,095 5,198 3,860 6,750

Gross profit 305 303 298 306 340 344 307 318 337 1,288 1,315 1,136 645 1,366

% margin 18.0 18.6 18.3 16.6 17.3 17.7 17.6 16.8 17.9 17.4 18.5 21.9 16.7 20.2

EBITDA rep. 43 29 -35 18 33 44 14 37 62 60 217 238 -68 601

% margin 2.5 1.8 -2.1 1.0 1.7 2.3 0.8 1.9 3.3 0.8 3.1 4.6 -1.8 8.9

EBIT 17 2 -89 -9 -24 18 -18 8 36 -105 111 152 -178 533

Financial result -19 -19 -14 -22 -18 -25 -21 -22 -21 -80 -84 -67 -62 -70

Income before taxes -2 -16 -103 -31 -42 -8 -39 -15 15 -185 27 84 -240 463

Income taxes -2 1 -19 3 3 -4 12 3 -9 -18 -17 -4 54 -79

Net income -4 -16 -123 -29 -39 -12 -27 -12 5 -203 10 80 -186 384

Minority interests 0 0 -1 -1 0 1 -1 -1 0 -3 -1 3 3 -14

Net income KlöCo -4 -16 -122 -28 -39 -11 -27 -11 5 -200 12 78 -188 398

EPS basic (€) -0.04 -0.16 -1.22 -0.28 -0.39 -0.11 -0.27 -0.11 0.07 -2.00 0.14 1.17 -3.61 8.56

EPS diluted (€) -0.04 -0.16 -1.22 -0.28 -0.39 -0.11 -0.27 -0.11 0.07 -2.00 0.14 1.17 -3.61 8.11

*) Restated due to initial application of IAS19 revised 2011.

Page 24: Klöckner & Co - Roadshow Presentation August 8, 2013

Comments

Balance sheet as of June 30, 2013 04

24

(€m) June 30, 2013 December 31, 2012*

Non-current assets 1,069 1,107

Inventories 1,198 1,254

Trade receivables 960 787

Cash & Cash equivalents 570 610

Other assets 100 122

Total assets 3,897 3,880

Equity 1,514 1,502

Total non-current

liabilities 1,251 1,384

thereof financial liabilities 825 914

Total current liabilities 1,132 994

thereof trade payables 702 634

Total equity and

liabilities 3,897 3,880

Net working capital 1,456 1,407

Net financial debt 489 422

Shareholders’ equity:

• Remains stable at 38.9%

Financial debt:

• Gearing at 33%

• Gross debt of €1.1bn and

cash position of €0.6bn

result in a net debt position

of €489m

*) Restated due to initial application of IAS19 revised 2011.

Page 25: Klöckner & Co - Roadshow Presentation August 8, 2013

Profit & loss Q2 2013 04

(€m) Q2 2013 Q2 2012*

Sales 1,698 1,964

Gross profit 305 340

Personnel costs -142 -163

Other operating expenses (net) -120 -144

EBITDA 43 33

Depreciation & Amortization -26 -57

EBIT 17 -24

Financial result -19 -18

EBT -2 -42

Taxes -2 3

Net income -4 -39

Minorities 0 0

Net income attributable to KCO shareholders -4 -39

25

*) Restated due to initial application of IAS19 revised 2011.

Page 26: Klöckner & Co - Roadshow Presentation August 8, 2013

Segment performance Q2 2013 04

26

(€m) Europe Americas HQ/Consol. Total

Turnover (Tto)

Q2 2013 941 749 1,690

Q2 2012 1,097 766 1,863

Δ % -14.3 -2.1 -9.3

Sales

Q2 2013 1,061 637 0 1,698

Q2 2012 1,237 727 0 1,964

Δ % -14.2 -12.3 -13.5

EBITDA

Q2 2013 28 20 -5 43

% margin 2.6 3.2 2.5

Q2 2012* 18 22 -7 33

%margin 1.4 3.0 1.7

Δ % EBITDA 54.2 -6.6 31.7

* Restated due to initial application of IAS19 revised 2011.

Page 27: Klöckner & Co - Roadshow Presentation August 8, 2013

Sales split by market, product and industry 04

27

Machinery and mechanical26% engineering

Miscellaneous 10%

Local dealers 12%

Household appliances/Consumer goods 6%

36% Construction industry

Automotive industry 10%

Sales by industry

Sales by markets

38% USAFrance/Belgium 13%

Switzerland 10%

UK 6%

25% Germany/EEC

Spain 3%

Netherlands 3%

Brazil 1%

China <1%

21% Long productsQuality steel/Stainless steel 8%

Aluminium 7%

Tubes 7%

46% Flat productsOthers 11%

Sales by product

Page 28: Klöckner & Co - Roadshow Presentation August 8, 2013

Current shareholder structure 04

28

Geographical breakdown of identified

institutional investors

Comments

• Identified institutional investors

account for 51%

• German investors incl. retail

dominate

• Top 10 shareholdings represent

around 25%

• Retail shareholders represent 30%

As of July 2013.

Other EU 4%

US 42%

Other World 7%

Switzerland 6%

Germany 24%

France 8%

UK 9%

Page 29: Klöckner & Co - Roadshow Presentation August 8, 2013

Appendix 04

29

Financial calendar 2013/2014

August 7, 2013 Q2 interim report 2013

November 6, 2013 Q3 interim report 2013

March 5, 2014 Annual Financial Statements 2013

May 7, 2014 Q1 interim report 2014

June 6, 2014 Annual General Meeting 2014, Düsseldorf

August 6, 2014 Q2 interim report 2014

November 5, 2014 Q3 interim report 2014

Contact details Investor Relations

Christian Pokropp, Head of Investor Relations & Corporate Communications

Phone: +49 203 307 2050

Fax: +49 203 307 5025

E-mail: [email protected]

Internet: www.kloeckner.com

Page 30: Klöckner & Co - Roadshow Presentation August 8, 2013

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