#1BUSINESS YEAR 2021/22 Investor Relations June 2022 voestalpine AG www.voestalpine.com voestalpine ONE STEP AHEAD.#2voestalpine GROUP BUSINESS ENVIRONMENT BY 2021/22 >>> Overall very positive economic development in BY 2021/22 despite significant burdens » Recurrent waves of COVID-19 infections worldwide >>> >>> International supply chain constraints Highly volatile raw material prices and extremely high energy prices, especially in Europe >>> Russian war of aggression in Ukraine clouded economic sentiment » voestalpine managed the arising difficulties successfully and utilized the positive market environment >>> No production downtimes because of COVID-19 infections due to hygiene and organizational concepts put in place » Raw material and energy prices were essentially passed on to the market >>> Decline in demand due to supply chain disruptions were offset by other markets wherever possible >>> In this environment, voestalpine reached new record levels in sales and earnings voestalpine AG 2 June 2022 Investor Relations voestalpine ONE STEP AHEAD.#3DEVELOPMENT OF DIVISIONS BY 2021/22 voestalpine AG 3 June 2022 Investor Relations voestalpine ONE STEP AHEAD.#4STEEL DIVISION BUSINESS DEVELOPMENT BY 2021/22 >>> Strong steel demand in Europe from almost all market segments over the course of BY 2021/22 » Only automotive industry curbed by supply chain issues >>> Very dynamic price-development on European steel market, voestalpine's contract structure smoothening price curve volatility >>> Iron ore volatile throughout business year, coking coal rising steadily, energy cost surging since autumn 2021 Q1 Q2 €m 21/22 21/22 Q3 21/22 Q4 BY BY Delta 21/22 21/22 20/21 in % Revenue 1,206 1,262 1,433 1,801 5,702 3,852 +48.0 EBITDA 245 243 272 391 1,151 502 +129.4 EBITDA-% 20.3% 19.3% 18.9% 21.7% 20.2% 13.0% >>> Actual situation >>> Strong order book, solid demand from all customer segments so far EBIT 179 178 207 326 889 234 +280.3 >>> Steel prices passed the peak in spring 2022 as expected EBIT-% 14.8% 14.1% 14.4% 18.1% 15.6% 6.1% after the boost-effects from sanctions against Russia and Belarus voestalpine AG 4 June 2022 | Investor Relations voestalpine ONE STEP AHEAD.#5HIGH PERFORMANCE METALS DIVISION BUSINESS DEVELOPMENT BY 2021/22 >>> Tool steel Q1 Q2 Q3 Q4 BY BY Delta >>> >>> High demand for tool steel throughout BY 2021/22 Special materials €m 21/22 21/22 21/22 21/22 21/22 20/21 in % Revenue 704 721 736 891 3,052 2,300 +32.7 >>> Recovery of aerospace industry, in particular regional jets >>> Upturn in oil & gas industry as a consequence of rising energy prices EBITDA 101 90 78 130 399 214 +86.3 >>> High energy cost in Europe lead to some earnings volatility, but stepwise to large extent passed on to markets EBITDA-% 14.4% 12.5% 10.6% 14.5% 13.1% 9.3% EBIT 61 51 39 76 227 49 +365.0 >>> Actual situation >> Very good start into BY 2022/23 EBIT-% 8.7% 7.0% 5.3% 8.5% 7.4% 2.1% >>> High order backlog and so far unchanged strong demand from end markets voestalpine AG 5 June 2022 | Investor Relations voestalpine ONE STEP AHEAD.#6METAL ENGINEERING DIVISION BUSINESS DEVELOPMENT BY 2021/22 » Solid development in Railway Systems business throughout the whole business year >>> » Recovery of Seamless Tubes after surging energy prices and change of Sec. 232 to quota system since Q4 BY 21/22 Wire Technology business affected by chip-shortage in automotive industry, but still solid development Welding business performed well Actual situation €m Q1 21/22 21/22 Q2 Q3 Q4 BY BY Delta 21/22 21/22 21/22 20/21 in % Revenue 801 814 858 903 3,376 2,667 +26.6 EBITDA 96 104 87 119 406 230 +76.7 EBITDA-% 12.0% 12.7% 10.1% 13.2% 12.0% 8.6% >>> EBIT 52 59 43 74 228 16 +1,298.2 Demand in Railway Systems still stable, but some impact from high raw material and energy costs EBIT-% 6.5% 7.3% 5.0% 8.2% 6.8% 0.6% Positive trend in Seamless Tubes business continuing >>> >>> Solid development in Wire and Welding in Q1 voestalpine AG 6 June 2022 | Investor Relations voestalpine ONE STEP AHEAD.#7METAL FORMING DIVISION BUSINESS DEVELOPMENT BY 2021/22 » Challenging conditions in Automotive Components business due to supply chain constraints throughout the business year >>> Tubes & Sections faced high demand in most market segments across the globe Q1 Q2 Q3 Q4 BY BY Delta €m 21/22 21/22 21/22 21/21 21/22 20/21 in % Revenue 826 792 836 1,021 3,474 2,554 +36.0 >>> Precision Strip continued strong performance EBITDA 105 87 90 153 433 274 +58.2 » Unchanged strong business environment for Warehouse & Rack Solutions business in BY 2021/22 EBITDA-% 12.7% 10.9% 10.7% 14.9% 12.5% 10.7% >> Actual situation >> Car production in Europe still curbed by supply chain EBIT 68 50 52 51 221 124 +78.1 constraints >>> High order backlog in Tubes and Sections and Warehouse business but recently some slowdown of demand noticeable EBIT-% 8.2% 6.3% 6.2% 5.0% 6.4% 4.9% voestalpine AG 7 | June 2022 | Investor Relations voestalpine ONE STEP AHEAD.#8FINANCIAL OVERVIEW BY 2021/22 voestalpine AG 8 | June 2022 | Investor Relations voestalpine ONE STEP AHEAD.#9voestalpine GROUP FINANCIAL OVERVIEW Revenue EBITDA EBITDA margin EBIT EBIT margin Profit before tax Profit after tax from continuing operations* Profit after tax from discontinued operations Profit after tax* EPS-earnings per share (euros) In millions of euros voestalpine AG BY 2020/21 2020/04/01-2021/03/31 BY 2021/22 2021/04/01-2022/03/31 Delta % 10,902 14,923 +36.9 1,148 2,291 +99.6 10.5 % 15.4% 338 1,454 +330.0 3.1 % 9.7% 235 1,383 +488.8 256 1,072 +318.8 -224 258 32 1,330 +4,096.5 0.24 7.28 +2,933.3 * Before deduction of non-controlling interests. 9 | June 2022 | Investor Relations voestalpine ONE STEP AHEAD.#10voestalpine GROUP DEVELOPMENT EBITDA BY 2021/22 2,303 1,148 EBITDA- margin 10.5 % BY 2020/21 In millions of euros voestalpine AG 10 | June 2022 -1,323 433 -270 Price Raw Materials Mix/ Volume Misc. Investor Relations 2,291 EBITDA- margin 15.4% BY 2021/22 voestalpine ONE STEP AHEAD.#11voestalpine GROUP FROM EBITDA TO FREE CASH FLOW BY 2021/22 2,291 EBITDA In millions of euros voestalpine AG -72 -310 -599 609 -634 -67 Interest Taxes Working Capital Capex Misc. Free Cash Flow 11 | June 2022 | Investor Relations voestalpine ONE STEP AHEAD.#12voestalpine GROUP DEVELOPMENT CASH FLOW BY 2020/21 2020/04/01-2021/03/31 BY 2021/22 2021/04/01-2022/03/31 Cash flow from results 1,001 1,842 Changes in working capital 633 -599 Cash flow from operating activities 1,634 1,243 Cash flow from investing activities -582 -634 Free cash flow 1,052 609 In millions of euros voestalpine AG 12 | June 2022 Investor Relations voestalpine ONE STEP AHEAD.#13voestalpine GROUP DEVELOPEMENT GEARING RATIO 7,069 6,710 6,554 6,060 5,652 5,615 5,650 5,262 5,075 4,289 5,115 4.263 4,836 4,691 83% 88% 4,262 3,572 3,762 3,775 71% 2,713 2,978 2,586 3,221 3,125 67% 2,743 3,080 3,037 2,995 58% 2,259 58% 2,421 54% 55% 53% 45% 46% 46% 47% 2,291 49% 2,882 1,786 2,547 2,125 47% 1,853 34% 32% 831 635 684 526 377 15% 32% 18% 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 Net Debt (€m) Equity (€m) Gearing ratio (%) voestalpine AG 13 | June 2022 | Investor Relations voestalpine ONE STEP AHEAD.#14voestalpine GROUP LIQUIDITY AND REDEMPTION SCHEDULE Liquidity 2,059 Redemption 1,000 Committed lines 216 Financial assets 843 Cash BY 2021/22 In millions of euros as of 2022/03/31 voestalpine AG 14 | June 2022 | Investor Relations -82 -425 -994 -208 2022/23 2023/24 2024/25 2025/26 voestalpine ONE STEP AHEAD.#15voestalpine GROUP OUTLOOK BY 2022/23 >>> >>> >>> Economic sentiment slowed down recently, major economic parameters for BY 2022/23 hard to predict: Development of Russian war against Ukraine >> » Further development of pandemic in general and global affects of Chinese zero-COVID strategy >>> Volatility of raw material and energy prices Nevertheless, very positive start to the BY 2022/23: Rock-solid financial base and strong order books >>> >>> Car makers struggling with supply constraints while having very high order backlogs Uptrend in aerospace business expected to continue Oil and gas business continues to be fueled by high energy prices >> Railway infrastructure business a stabilizing factor like in the past Optimistic expectations for Q1, Q2 BY 2022/23 benefitting from order backlog and contract structure » Forecasts for 2nd half of BY 2022/23 fraught with very high uncertainty >>> EBITDA for BY 2022/23 expected in a range of between 1.8 and 2.0 billion EUR voestalpine AG 15 June 2022 | Investor Relations voestalpine ONE STEP AHEAD.#16INVESTOR RELATIONS Peter Fleischer T. +43/50304/15-9949 [email protected] Gerald Resch T. +43/50304/15-3152 [email protected] voestalpine AG www.voestalpine.com voestalpine ONE STEP AHEAD.