Analysts' and Investors' Conference Call August 7, 2013

1. Klöckner & Co SE
A Leading Multi Metal Distributor
Q2 2013 Results
Analysts’ and Investors’ Conference
CEO
Gisbert Rühl
August 7, 2013
CFO
Marcus A. Ketter

2. 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

3. Klöckner & Co SE
A Leading Multi Metal Distributor
Highlights and update on strategy
CEO
Gisbert Rühl

4. Highlights and update on strategy01
Financials Q2 2013
Outlook
Appendix
02
03
04
Agenda
4

5. Negative market impact increasingly compensated by far advanced restructuring
measures
01
5
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.

6. 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
6
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

7. 01 Restructuring far advanced
7
Employees
Sites
• 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
220
290
UK
ESP
EEC GER
BR
Q3 2011 Q2 2013
230
F, US
F
US
Q4 2013
Q4 2013
-23

8. KCO 6.0 measures having strong impact on the P&L01
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 13Q1 13Q4 123)Q3 12 3)Q2 12 3)
294
-2.2% -2.6% -2.3%
in €m
KCO 6.0 EBITDA impact
OPEX
8
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.

9. KCO WIN measures to support “Klöckner & Co 2020“ strategy01
9
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

10. Klöckner & Co SE
A Leading Multi Metal Distributor
Financials Q2 2013
CFO
Marcus A. Ketter

11. Highlights and update on strategy01
Financials Q2 2013
Outlook
Appendix
02
03
04
Agenda
11

12. Financials Q2 201302
12
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 2013Q2 2012
1,863 Tto
-9.3%
Q2 2012 Q2 2013
1,690 Tto
-13.5%
Q2 2012
€43m
€50m*
€340m**
€305m
-11.4%
Q2 2013Q2 2012 Q2 2013
€33m**
Restructuring costs
** Including restructuring costs and restated for the initial application of IAS19 revised 2011.
+31.7%
€344m*
-10.2%

13. Financials H1 201302
13
EBITDA
Sales
Gross profit
Turnover
€3,909m
€3,322m
-15.0%
H1 2013H1 2012
3,720 Tto
-10.3%
H1 2012 H1 2013
3,336 Tto
-26.1%
H1 2012
€72m
€683m**
€608m
-11.6%
H1 2013H1 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%

14. 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 sales02
Sales (€m) & Americas shareTurnover (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)
14
-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

15. EBITDA (€m) / EBITDA-margin (%)
Gross profit and EBITDA02
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.
15
• 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

16. 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 segment02
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)
EuropeAmericas
-14.3% -14.2%
-2.1% -12.3%
16
** 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.

17. Cash flow and net debt development02
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 CFInterest
17
Development of net financial debt in Q2 2013 (€m)
Q1 2013
CF from
operating
activities
Capex
(net)
Other*
Q2 2013
-48913
-482
-8
-12
* exchange rate effects, interest.

18. • 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 sheet02
* Gearing = Net debt/Equity attributable to shareholders of
Klöckner & Co SE less goodwill from business
combinations subsequent to May 23, 2013.
Comments
18
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%

19. Balanced maturity profile June 201302
19
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
112
210
67
360
8
8
11
19
46
206
371
136
160
2016
864
136
360268
186
212
98
62
2013
216
Thereafter
471
71
2015
299
186
71179
98
62
2014
ConvertiblesPromissory notesSyndicated loanABSBilaterals
4)

20. Solid financing and balance sheet structure support strategy “Klöckner & Co 2020“02
20
• 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

21. Klöckner & Co SE
A Leading Multi Metal Distributor
Outlook
CEO
Gisbert Rühl

22. Demand expectations for H203
22
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

23. 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
23

24. Highlights and update on strategy01
Financials Q2 2013
Outlook
Appendix
02
03
04
Agenda
24

25. Quarterly results and FY results 2008-201304
25
(€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.

26. Comments
Balance sheet as of June 30, 201304
26
(€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.

27. Profit & loss Q2 201304
(€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
27
*) Restated due to initial application of IAS19 revised 2011.

28. Segment performance Q2 201304
28
(€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.

29. Sales split by market, product and industry04
29
Machinery and mechanical
26% 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 products
Quality steel/Stainless steel 8%
Aluminium 7%
Tubes 7%
46% Flat productsOthers 11%
Sales by product

30. Current shareholder structure04
30
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%

31. Appendix04
31
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: christian.pokropp@kloeckner.com
Internet: www.kloeckner.com

32. 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