voestalpine Corporate Presentation 2010

voestalpine AGwww.voestalpine.com

voestalpine GroupCorporate Presentation 2010

2 voestalpine—Corporate Presentation 2010|voestalpine AG

Overview

voestalpine is a globally active Group with a number of specialized and flexible companies that produce, process and further develop high-quality steel products. The Group is represented by approximately 360 production and sales companies in more than 60 countries.

With its highest quality flat steel products, voestalpine is one of Europe's leading partners to the automotive, white goods and energy industries. Furthermore, voestalpine is the world market leader in turnout technology, tool steel and special sections, as well as number one in Europe in the production of rails.

The voestalpine Group generated revenues of EUR 8.6 billion in the business year 2009/10 and employs nearly 40,000 staff throughout the world.

The five divisions of the Group each occupy leading positions in their respective core segments.


Leading Positions in all Core Segments

Steel Special Steel Railway Systems Profilform Automotive

European top player

Worldwide market leadership



European top player

Top 3 European supplier of high-quality steel strip and heavy plate for the most demanding applications

Worldwide market leadership in tool steel.

Leading position in special forgings

European market leader for rails and processed wire, leading position in welding technology. Global market leader for turnouts

Global market leader in special sections and custom rollforming.

Leading position in precision strip steel

Top 3 European supplier of auto body parts, laser-welded blanks, and tubular components


Corporate Identity: Vision, Positioning and Mission

Where we want to go (Our vision)We are the partner of choice worldwide for demanding product solutions involving steel and that allow our customers to stay that decisive step ahead.

Where we stand (Our positioning)voestalpine is a globally active group with a number of specialized and flexible companies that produce, process and further develop high-quality steel products. As a reliable partner to industry, voestalpine regards its customers’ needs as its own.

What we stand for (Our mission)Driven by our wide-ranging expertise and our conviction that there is always a better solution, we set ourselves the daily challenge of making the seemingly impossible happen.


Corporate Identity: Our Values

We are mobile.Due to our decentralized structure we can act and react more quickly, and therefore fulfill the requirements of our customers with maximum flexibility and dynamism. We offer a faster and better solution on a shorter path.We are specialized.As a worldwide network of independent specialists, we bring the right minds and skills to the table for each project and offer maximum experience and know-how. In a wide range of ways, we enable our customers to get a step ahead and ensure the success of our company.We drive developments forward.Open to new things and with the curiosity of the scientific mind, our thinking is visionary and outside the envelope; imagination distinguishes our products and processes as well as our relationships with our customers. After all, nothing is so good that we can’t improve it—and this is how we consistently drive developments forward.


Overview of Key Figures (Business year 2009/10)

(€m) 2009/10Revenue 8,550.0EBITDA 1,004.3EBITDA margin (%) 11.7EBIT 352.0EBIT margin (%) 4.1

Employees 39,406

Apprentices 1,472

According to IFRS all figures after purchase price allocation (ppa).

Business year 2009/10 from April 1, 2009 to March 31, 2010.

EBITDA = Profit from operations before depreciationEBIT = Profit from operations

Employees excl. apprentices and temporary personnel


Shareholders of voestalpine AG (as of June 2010)

Largest individual shareholdersRaiffeisenlandesbank Oberösterreich Invest GmbH & Co OG: > 15.0%voestalpine Mitarbeiterbeteiligung Privatstiftung: 13.3%Oberbank AG: > 5.0%


Customers and Markets of voestalpine Group: Revenue by Industries


Customers and Markets of voestalpine Group: Revenue by Regions


Employees

Nearly 40,000 employees, thereof 53% at international locations

Around 1,500 apprentices, about a third of which being trained in companies outside of Austria

Employee shareholding scheme: The employees of voestalpinecurrently hold approximately 13.3% of voestalpine AG‘s shares. The expansion of the successful shareholding model to other countries outside of Austria is constantly accelerated; currently it already includes Group companies in the Netherlands, Great Britain, and Germany.


Innovation/Research and Development

Annual R&D expenses of around EUR 110 million

The most research-intensive Austrian industrial company, according to EU statistics

500 employees in the Group‘s R&D area

80 national and international cooperations with scientific partners, such asuniversities, universities of applied sciences, and other research institutions

Leading in innovative materials and in new production/processing technologies

Increasing number of patents – even during the crisis


voestalpine Group: Development of R&D Expenses

Research ratio (R&D expenses to total revenue): 1.27%

R&D coefficient (expenses measured by added value): 3.42%


Environment and Safety

Globally leading in the development of new environmental technologies

European benchmark with regard to specific energy consumption and eco friendliness

Continuously improving the environmental compatibility ofproduction facilities

Numerous environment and safety awards, at last the national EMAS prizes 2008 and 2009, the European EMAS Award 2009, and the Austrian „Sustainability Prize“ („Nachhaltigkeitspreis“) 2010


voestalpine Group: Development of Environmental Expenses


Overview of Divisional Key Figures

Business year2009/10

Steel Special Steel Railway Systems Profilform Automotive

Revenue (€m) 3,098.7 2,358.4 1,908.5 724.0 835.4

as % of Group revenue 35 27 21 8 9

EBIT (€m) 201.4 –79.6 225.6 31.9 18.0

EBIT margin (%) 6.5 –3.4 11.8 4.4 2.2

Employees (excl. apprentices) 9,510 13,762 7,863 3,087 4,551

According to IFRS all figures after purchase price allocation (ppa).


Group Structure (as of June 2010)

voestalpine AG

voestalpine Stahl GmbH Böhler-Uddeholm Aktiengesellschaft

voestalpine Bahnsysteme GmbH & Co KG

voestalpine Profilform GmbH

voestalpine Automotive GmbH

voestalpine Grobblech GmbH BÖHLER Edelstahl GmbH & Co KG voestalpine Schienen GmbH voestalpine Krems GmbH voestalpine Polynorm B.V.

voestalpine Giesserei Linz GmbH Buderus Edelstahl GmbH TSTG Schienen Technik GmbH & Co KG

voestalpine Krems Finaltechnik GmbH voestalpine Europlatinen GmbH

voestalpine Anarbeitung GmbH Villares Metals S.A. voestalpine Rail Center Duisburg GmbH Nedcon Groep N.V. voestalpine Rotec GmbH

voestalpine Stahl Service Center GmbH

BÖHLER-UDDEHOLM Deutschland GmbH VAE GmbH Sadef N.V. voestalpine Vollmer GmbH & Co KG

voestalpine Rohstoffbeschaffungs GmbH* Uddeholms AB voestalpine Railpro B.V. (70%) Metsec plc voestalpine Gutbrod GmbH

voestalpine Eurostahl GmbH ASSAB Pacific Pte. Ltd voestalpine Klöckner Bahntechnik GmbH Roll Forming Corporation voestalpine Hügel GmbH & Co KG

Logistik Service GmbH Eschmann Stahl GmbH & Co KG voestalpine Tubulars GmbH & Co KG (50%) voestalpine Präzisionsprofil GmbH voestalpine Dancke GmbH & Co KG

vatron gmbh (71.5%)* BÖHLER Bleche GmbH & Co KG voestalpine Stahl Donawitz GmbH & Co KG voestalpine Profilform s.r.o.

Böhler-Uddeholm Italia S.p.A. voestalpine Austria Draht GmbH ZAO voestalpine Arkada Profil

Buderus Edelstahl Band GmbH Böhler Welding Holding GmbH Société Profilafroid

BÖHLER Schmiedetechnik GmbH & Co KG

Société Automatique de Profilage (SAP)

Buderus Edelstahl Schmiedetechnik GmbH

Meincol Distribuidora de Aços S.A. (75%)BÖHLER-UDDEHOLM Precision Strip GmbH

Steel Division Special Steel Division Railway Systems Division Profilform Division Automotive Division

* Including minority interests of other Group companies.The companies shown in this organizational chart are major investments of the voestalpine Group; groups of companies are represented by their respective holding company.


The Management Board of voestalpine AG (in alphabetical order; as of June 2010)

Dr. Wolfgang EderChairman of the Management Boardand CEO Head of Steel Division

Dipl.-Ing. Franz HirschmannerMember of the Management BoardHead of Automotive Division

Dipl.-Ing. Josef Mülner Member of the Management BoardHead of Railway Systems Division

Mag. Dipl.-Ing. Robert Ottel, MBAMember of the Management BoardCFO

Dkfm. Dr. Claus J. RaidlMember of the Management BoardHead of Special Steel Division

Mag. Wolfgang SpreitzerMember of the Management BoardHead of Profilform Division

voestalpine AGwww.voestalpine.com

voestalpine GroupCorporate Presentation 2010

voestalpine Corporate Presentation 2010

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