Klöckner & Co SEA Leading Multi Metal Distributor

Baader Investment Conference 2012

MunichHead of Investor Relations & Corporate Communications

Dr. Thilo Theilen

September 25, 2012

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

01

Klöckner & Co SE – The Group01

Overview Q2 and update on restructuring

Financials Q2 2012

Outlook

02

03

04

Agenda

3

Appendix05

Klöckner & Co SE at a glance

4

01

CustomersDistributor/ Service CenterProducersProducts:

Klöckner & Co SE Largest producer-independent steel and

metal distributor and one of the leading steel service center companies in the European and American markets combined

Distribution and service platform with around 290 locations

Key figures for 2011Turnover: 6.7 million tonsSales: €7.1 billionEBITDA: €217 million

Services: Machinery

and mechanical engineering

Yellow Goods White Goods Miscellaneous

Automotive

Commercial/ residential construction

Infrastructure

Business model

5

01

Suppliers Sourcing Products 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

• More than 170,000 customers

• Average normal order size approx. €2,000

• Service and availability more important than price

Holistic solution from covering procurement, logistics and processing

Klöckner & Co value chain

Industries and markets

6

01

Internationality marks our industriesand markets:

• In addition to companies in theconstruction industry as well asmachinery and mechanical engineering, we serve customers in the automotiveand chemical industry, ship-building andin fields of household appliance, consumer goods and energy.

• Around 3/4 of our sales are generated abroad.

• We have a global network of around 290 distribution and service locations and employ around 11,200 employees.

28% USAFrance/Belgium 16%

Switzerland 13%

UK 6%

28% Germany/EECSpain 4%

Sales by markets

Netherlands 3%Brazil 1%

China <1%

Machinery and mechanical 24% engineering

Miscellaneous 11%

Local dealers 10%

Household appliances/Consumer goods 7%

37% Construction industry

Automotive industry 11%

Sales by industry

As of December 2011

Products and services

7

01

Our product range is divided intofollowing segments:

• Long products• Flat products• Tubes and hollow sections• Stainless steel and quality steel• Aluminum• Special products such as plastics,

ironware and accessories

We offer extensive services:• Cutting and splitting of steel strips,

cutting to length, flame cutting, CNC turning/milling, surface treatment, etc.

• Furthermore we provide our customers with technical advice, storage facilities and just-in-time delivery

As of December 2011

24% Long productsQuality steel/Stainless steel 8%

Aluminium 7%

Tubes 6%

42% Flat productsOthers 13%

Sales by product

Klöckner & Co SE – The Group01

Overview Q2 and update on restructuring

Financials Q2 2012

Outlook

02

03

04

Agenda

8

Appendix05

Overview Q2 2012

• Turnover increased by 5.7% yoy driven by acquisitions and organic growth in USA and sequentially flat (+0.4% vs Q1)

• European turnover down -7.9% yoy also due to exiting low margin business whereas Americas up 34.2% yoy (organically up 10.0%)

• Sales increased by 4.2% yoy and by 0.9% sequentially

• EBITDA at €50m met guidance of €50-60m before restructuring despite worsening market environment (rep. EBITDA €33m incl. €17m for restructuring expenses mainly in Spain)

• Achievement of last years’ EBITDA in current fiscal year mainly due to worsening situation in Europe rather unlikely

• Scope of restructuring measures significantly expanded, initial measures almost concluded

• Expansion into US-automotive sector by building a Steel-Service-Center on the site of ThyssenKrupp plant in Alabama

• External CFO appointed to start latest Jan 1, 2013

9

02

• Steel demand currently around 25% below peak and not expected to recover shortly

• Overcapacity persisting also on distribution level until shakeout wave

• Early anticipation with assumed demand -5% in January created headroom for restructuring ahead of others

• Restructuring to adopt to current level of activity to avoid losses and position ourselves for a potential recovery

• Facing a phase with meager profitability, but balance sheet’s good shape should not be at risk

10

Europe USA

• Further market growth, albeit currently with reduced pace

• Successful integration of Macsteel enables us to outgrow the market

• Nevertheless, margins currently affected by price erosion in carbon also due to high USD and import situation

• Despite recent slowdown in economic development further market recovery most likely in the US

• We further outgrow the market by increasing contractual business to create a solid base for future uptick

• Key market for future growth also with organic measures due to the superior structural attractiveness of the US steel distribution and service center market

Restruc-turing

Growth

Global market assessment and our reaction02

Europe/Macsteel• Europe: expense reductions • US: realizing synergies w/

Macsteel

• Cuts in administration costs and sales overheads

• Reduction of low-margin commodity business

• Expanding higher value-added activities

€70m

520 out of 700 already

€13m

General measures

Intensified measures in specific countries02

From Q2 2012 on Step 1

September 2011

Spain + EEC France• Additional structural measures in

Spain• Withdrawal from EEC

• Realignment of France organization including structural measures

• Spain:• Closure of 11 sites• New network structure

and logistics concept

• EEC:• Full exit of EEC

• Closure of ~10 sites• Unified sales department in

each region• Logistics optimization• New network structure

€20m

600

€17m for Spain in Q2 + €15-20m for France in Q3

Focusing on structural changes

+

11

*Excluding potential disposal effects of EEC and Spanish properties

Step 2

Scope

Measures

EBITDA impact

Employee reduction

One-offs* booked in EBITDA

5

10

15

20

25

Despite difficult market environment fundamental values exist02

12

Yield (CB 2007 until 9/8/2011, CB 2014 from 9/9/2011 on)

1,407

1,6521,720

1,407

1,006

779

702 637

868

1,072 1,090

1,017

1,163

1,713 1,692

1,5341,656 1,685

Q12008

Q22008

Q32008

Q42008

Q12009

Q22009

Q32009

Q42009

Q12010

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

Q22012

NWC Market cap Net debt

~700current

1,507

1,692

747

571

345

704

1,041

1,187

1,456

965 1,107

1,397

1,573

2,055

929990 1,087

799

573471580 582

322118 -139

904

1,072

690

-150150

233 137227

600

Yield in %

500

1,000

1,500

2,000

NWC – net debt vs. market capitalization and CB yields(€m)

€m

245

~340

571

~400

Klöckner & Co SE – The Group01

Overview Q2 and update on restructuring

Financials Q2 2012

Outlook

02

03

04

Agenda

13

Appendix05

Financials Q2 201203

EBITDA

Sales

Gross profit

Turnover

1,763 Tto

+5.7%

Q2 2011 Q2 2012

1,863 Tto €1,885m€1,964m

+4.2%

Q2 2012Q2 2011

€62m

-18.5%

Q2 2012Q2 2011€50m*

€337m €340m

+0.7%

Q2 2012Q2 2011

14

*adjusted EBITDA Restructuring costs

Financials H1 201203

EBITDA

Sales

Gross profit

Turnover

3,260 Tto

+14.1%3,720 Tto

€3,472m

€3,909m+12.6%

€166m€98m*

-41.0%€691m €683m

-1.0%

15

H1 2011 H1 2012 H1 2012H1 2011

H1 2012H1 2011 H1 2012H1 2011

*adjusted EBITDA Restructuring costs

EBITDA (€m) / EBITDA-margin (%)

Gross profit and EBITDA03

Gross profit (€m) / Gross-margin (%)

• Gross profit-margin on the level of Q1 adjusted forrestructuring costs, despite competitive environmentin Europe

• EBITDA in Q2 decreased qoq also due torestructuring of €17m

• EBITDA adjusted for restructuring €50m

16

Before restructuring costs

344

17.5

331

294 275

353 337318 307

344

340

23.4

21.0 20.6

22.3

17.9 16.8 17.6 17.7 17.3

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

Q22012

50

2.6

100

6148

104

62

37

14

45

33

7.1

4.33.6

6.6

3.3

1.9

0.8

2.3

1.7

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

Q22012

-4%p

236 232 228297

520

634 602

722 727

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

Q22012

Segment performance Q2 201203

Turnover (Tto) Sales (€m) EBITDA (€m)

Turnover (Tto) Sales (€m) EBITDA (€m)

Eur

ope

Am

eric

as

-9.4%

* Without acquisitions in 2011** Restructuring costs of €3m in Q1 and €17m in Q2

17

+39.7%/+16.1%*

1,1621,084 1,029

1,164 1,1921,067

9901,105 1,097

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

Q22012

1,180 1,169 1,1041,290

1,3651,251

1,1371,223

1,237

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

Q22012

93

60

45

81

50

24

1220**

36**

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

Q22012

286 284 289 334

571698 646

752766

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

Q22012

13

5 7

30

23

15 13

29

21

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

Q22012

-7.9%

+34.2%/+10.0%*

19

Net income and EPS03

• Net income adjusted for restructuring and impairments still slightly positive with €3m

• Net income includes €17m restructuring already within EBITDA, €30m impairments partly offset by €6m income from adjustment of Frefer put liability and €10m ppa effects

• Taxes negatively impacted due to non-recognition of tax assets on losses incurred in Q2

Comments

18

EPS basic (€)*

Net income (€m)

* adjusted for capital increase** Before restructuring expenses and impairments

0.69

0.21 0.25

0.65

0.07

-0.11-0.27

-0.10

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

47

15 17

44

5

-12-27 -10

Q22010

Q32010

Q42010

Q12011

Q22011

Q32011

Q42011

Q12012

(€m) H1 2012 Q2 2012

Stock write-downs – 4 – 4

Personnel expenses – 10 – 7

Other restructuring expenses – 6 – 6

EBITDA impact – 20 – 17Impairments Eastern Europe and Spain – 9 – 9

Restructuring expenses total – 29 – 26

• Goodwill impairment in Brazil of €21m due to ongoing weaker macro environment

3**

Q2

0.03**

Q22012

-0.38

-38

2012Q2

NWC and net debt almost stable sequentially03

Cash flow reconciliation in Q2 2012 (€m)

19

60,0

EBITDAChange in

NWC Taxes Other

CF fromoperatingactivities Capex Free CF

Development of net financial debt in Q2 2012(€m)

* exchange rate effects, interest

Q1

CF fromoperatingactivities Capex Other* Q2

33

5 -7

-1

30

-8

22

-573

+30-8

-31

-582

Strong balance sheet03

*Gearing = Net debt/Equity attributable to shareholders of Klöckner & Co SE less goodwill from businesscombinations subsequent to May 28, 2010

**Total capital = net debt plus equity (w/o minorities)

Comments

• Equity ratio of 37%

• Net debt of €582m

• Gearing* at 36%

• Net debt to total capital** at 25%

• NWC increased by €151m to €1,685m ytd

• NWC/sales at new normal ~21%

50%

25.2%

29.7%

23.3%

2.1%

19.7%

Balance sheet total June 30, 2012: €4,938m

36.5%

30.2%

33.3%

Non-currentassets1,244

Inventories1,465

Trade receivables1,153

Other currentassets 102

Liquidity974

Equity1,804

Non-current Liabilities1,491

Current liabilities1,643

100%

0%

20

Balanced maturity profile despite repayment of Convertible in July 201203

Facility (€m) CommittedDrawn amount

June 30, 2012* December 31, 2011*

Bilateral Facilities1) 615 200 126

Other Bonds 14 14 20

ABS2) 519 193 175

Syndicated Loan 500 226 226

Promissory Note 343 345 349

Total Senior Debt 1,991 978 896

Convertible 20073) 4) 325 329 319

Convertible 20093) 98 86 86

Convertible 20103) 186 163 157

Total Debt 2,600 1,556 1,458

Cash 4) 974 987

Net Debt 582 471

€m June 30, 2012

Adjusted equity 1,635

Net debt 582

Gearing5) 36%

Maturity profile of committed facilities and drawn amounts (€m)

Committed facilities

Drawn amounts

6444)

124

1,035

296

5013944)

95

447

266 382

2012 2013 2014 2015 Thereafter

21

*Including interest1) Including finance lease2) On April 25th, 2012 the European ABS was extendend until May 2014 and the volume reduced by €60 million to € 360 million 3) Drawn amount excludes equity component4) Repayment of convertible bond of €325 million in July 2012 out of cash5) Net debt/Equity attributable to shareholders of Klöckner & Co SE less goodwill from business combinations subsequent to May 28, 2010

Klöckner & Co SE – The Group01

Overview Q2 and update on restructuring

Financials Q2 2012

Outlook

02

03

04

Agenda

22

Appendix05

Outlook

• Macro assumptions• In Europe, our base assumption continues to be business as it is for the remainder of the year• In the US, recent macro news point to a slowdown in H2

• Q3 2012• Turnover in Q3 expected to be slightly down vs Q2• EBITDA in Q3 expected to be €25-35m before restructuring costs

• FY 2012• Turnover and sales still expected to increase year on year despite challenging market

environment• Achievement of prior year EBITDA not anymore realistic given H2 EBITDA bef. restructuring

expected to be below the €98m in H1

04

23

Klöckner & Co SE – The Group01

Overview Q2 and update on restructuring

Financials Q2 2012

Outlook

02

03

04

Agenda

24

Appendix05

Appendix05

25

Financial calendar 2012/2013

November 7, 2012 Q3 interim report 2012

March 6, 2013 Annual Financial Statements 2012

May 8, 2013 Q1 interim report 2013

May 24, 2013 Annual General Meeting 2013

August 7, 2013 Q2 interim report 2013

November 6, 2013 Q3 interim report 2013

Contact details Investor Relations Dr. Thilo Theilen, Head of Investor Relations & Corporate Communications

Phone: +49 203 307 2050

Fax: +49 203 307 5025

E-mail: thilo.theilen@kloeckner.com

Internet: www.kloeckner.de

Quarterly results and FY results 2007-201205

26

(€m) Q22012

Q12012

Q42011

Q3 2011

Q2 2011

Q1 2011

Q4 2010

Q3 2010

Q2 2010

FY2011

FY 2010

FY2009

FY 2008

FY 2007

Turnover (Tto) 1,863 1,857 1,636 1,765 1,763 1,498 1,318 1,368 1,448 6,661 5,314 4,119 5,974 6,478

Sales 1,964 1,945 1,739 1,885 1,885 1,587 1,332 1,401 1,416 7,095 5,198 3,860 6,750 6,274

Gross profit 340 344 307 318 337 353 275 294 331 1,315 1,136 645 1,366 1,221

% margin 17.3 17.7 17.6 16.8 17.9 22.3 20.6 21.0 23.4 18.5 21.9 16.7 20.2 19.5

EBITDA 33 45 14 37 62 104 48 61 100 217 238 -68 601 371

% margin 1.7 2.3 0.8 1.9 3.3 6.6 3.6 4.3 7.1 3.1 4.6 -1.8 8.9 5.9

EBIT -23 18 -18 8 36 86 24 39 78 111 152 -178 533 307

Financial result -18 -24 -21 -22 -21 -19 -19 -16 -17 -84 -67 -62 -70 -97

Income before taxes -41 -6 -39 -15 15 66 5 22 61 27 84 -240 463 210

Income taxes 3 -4 12 3 -9 -22 12 -7 -14 -17 -4 54 -79 -54

Net income -38 -10 -27 -12 5 44 17 15 47 10 80 -186 384 156

Minority interests 0 0 -1 -1 0 1 1 1 1 -1 3 3 -14 23

Net income KlöCo -38 -10 -27 -11 5 43 16 14 46 12 78 -188 398 133

EPS basic (€) -0.38 -0.10 -0.27 -0.11 0.07 0.65 0.25 0.21 0.69 0.14 1.17 -3.61 8.56 2.87

EPS diluted (€) -0.38 -0.10 -0.27 -0.11 0.07 0.60 0.25 0.21 0.69 0.14 1.17 -3.61 8.11 2.87

Strong Growth: 24 acquisitions since the IPO05

27

Acquisitions1) Acquired sales1),2)

€141m

€567m

€108m

24

12

2

2005 2006 2007 2008 2009 2010

4

€231m

€712m

2011

2

€1.15bn

¹ Date of announcement 2 Sales in the year prior to acquisitions

Country Acquired 1) Company Sales (FY)2)

GER Mar 2010 Becker Stahl-Service €600m

CH Jan 2010 Bläsi €32m

2010 4 acquisitions €712m

US Mar 2008 Temtco €226m

UK Jan 2008 Multitubes €5m

2008 2 acquisitions €231m

CH Sep 2007 Lehner & Tonossi €9m

UK Sep 2007 Interpipe €14m

US Sep 2007 ScanSteel €7m

BG Aug 2007 Metalsnab €36m

UK Jun 2007 Westok €26m

US May 2007 Premier Steel €23m

GER Apr 2007 Zweygart €11m

GER Apr 2007 Max Carl €15m

GER Apr 2007 Edelstahlservice €17m

US Apr 2007 Primary Steel €360m

NL Apr 2007 Teuling €14m

F Jan 2007 Tournier €35m

2007 12 acquisitions €567m2006 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

2011 2 acquisitions €1,150m

Comments

Balance sheet as of June 30, 201205

28

(€m) June 30, 2012 December 31, 2011

Non-current assets 1,244 1,295

Inventories 1,465 1,362

Trade receivables 1,153 922

Cash & Cash equivalents 974 987

Other assets 102 140

Total assets 4,938 4,706

Equity 1,804 1,843

Total non-current liabilities 1,491 1,526

thereof financial liabilities 1,054 1,068

Total current liabilities 1,643 1,337

thereof trade payables 933 750

Total equity and liabilities 4,938 4,706

Net working capital 1,685 1,534

Net financial debt 582 471

Shareholders’ equity:• Stable at 37%

Financial debt:• Gearing at 36%• Gross debt of €1.6bn and

cash position of €1.0bn result in a net debt position of €582m

NWC:• Increase mainly due to

seasonal effects

(€m) Q2 2012 Q2 2011 ∆ in %*

Sales 1,964 1,885 +4.2

Gross profit 340 337 +0.7

Personnel costs -162 -146 -10.9

Other operating expenses -152 -141 -8.4

EBITDA 33 62 -46.2

Depreciation, Amortization, Impairments -56 -26 -117.0

EBIT -23 36 -165.6

Financial result -18 -21 +16.3

EBT -41 15 -379.0

Taxes 3 -9 +132.2

Net income -38 5 -800.9

Minorities 0 0

Net income attributable to KCO shareholders -38 5 -786.9

05

29

* earnings impact

Profit & loss Q2 2012 vs. Q2 2011Profit & loss Q2 2012 vs. Q2 2011

Segment performance Q2 2012

30

(€m) Europe Americas HQ/Consol. Total

Turnover (Tto)

Q2 2012 1.097 766 1.863

Q2 2011 1.192 571 1.763

∆ % -7,9 34,2 5,7

Sales

Q2 2012 1.237 727 1.964

Q2 2011 1.365 520 1.885

∆ % -9,4 39,7 4,2

EBITDA

Q2 2012 19 21 -7 33

% margin 1,5 2,9 1,7

Q2 2011 50 23 -11 62

% margin 3,6 4,4 3,3

∆ % EBITDA -61,6 -8,2 -46,2

• Excl. MSCUSA and Frefer turnover increase in Americas was 10.0% and sales increase was 16.1% yoy

• Without acquisitions total turnover decreased by 4.0% and total sales by 4.8% yoy

Comments

05

Current shareholder structure05

31

Geographical breakdown of identified institutional investors

Comments

• Identified institutional investors account for 47%

• German investors incl. retail dominate

• Top 10 shareholdings represent around 31%

• Retail shareholders represent 34%• 100% freefloat

As of June 2012

Other World 7%

US 30%

Other EU 17%

Switzerland 5%

France 9%

Germany 28%

UK 4%

Our symbol

the earsattentive to customer needs

the eyeslooking forward to new developments

the nosesniffing out opportunitiesto improve performance

the ballsymbolic of our role to fetchand carry for our customers

the legsalways moving fast to keep up withthe demands of the customers

32