Charts accompanying the Q1 2014 Results Analysts' and Investors' Conference on May 8, 2014 Press Release: http://www.kloeckner.com/en/press-releases-4978.php

1. Klöckner & Co SE
A Leading Multi Metal Distributor
Q1 2014 Results
Analysts’ and Investors’ Conference
CEO
Gisbert Rühl
May 8, 2014
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. Self-help measures made an impact: back to positive results01
4
• Steel distribution markets improved in Europe notably, mainly due to the mild winter but also
in the US by 2.5% despite adverse weather conditions
• Turnover roughly stable at 1.6m To yoy despite restructuring measures (-2.9%p) and further
reduction of commodity business
• Sales impacted by lower price level and weaker USD down by 3.2% yoy to €1.6bn
• Gross profit remained nearly stable despite lower sales; accordingly gross profit margin
improved by 0.6%p to 19.2% yoy
• EBITDA of €45m in the middle of guidance range of €40-50m
• Positive quarterly net income of €3m
• Leverage reduced from 4.1x to 2.4x EBITDA yoy
• Finalized restructuring program KCO 6.0 taking full effect for the first time in Q1 2014
• Implementation of KCO WIN measures on track
• Successful introduction of new Klöckner webshop in the Netherlands
• Acquisition of Riedo closed
• Q2 guidance: Further improvement in turnover and EBITDA (€50-60m)

5. Substantial yoy EBITDA-improvement mainly through KCO 6.0 measures01
-23
KCO 6.0 EBITDA-impact
• In Q1 measures contributed €14m to
EBITDA against prior year
• Cost cuts achieved through KCO 6.0
amounted to €17m in Q1
• EBITDA-margin improved by 1.1%p
to 2.9%
Comments
Q1
5
Market related GP effect: €2m
Net KCO 6.0 effect:
€14m
17
329
EBITDA
Q1 2013
Volume
Effect
-1
Price
Effect
-3
KCO 6.0
GP Effect
KCO 6.0
Cost Effect
0
OPEX EBITDA
Q1 2014
45

6. Comprehensive transformation initiated01
6
Enabling
activities
Differentiation
Growth and
optimization
Broad & higher value-
add product range
Higher value-add
processing
Optimized
supply chain
Operations
External & internal
growth
Management & pers.
development
Controlling &
IT systems
Advanced tools &
systems
Stabilization Restructuring
Klöckner & Co 2020
Finished
Restructuring
Short-term
Improvement
Mid-term
Growth &
Optimization
Long-term
Business model
changes
Ongoing
Ongoing
KCO 6.0
KCO WIN
Supply chain
transformation
B2B
2013 2014 2015 2016

7. 2013
2014
€51m
already realized
€61m
€41m
Total annual EBITDA-impact of ~€150m
from 2014 onwards
2011-2012
€14m


Restructuring program KCO 6.0 fully implemented01
7
Measures
• Total headcount reduction of ~2,300 (~1/5 of total workforce)
• Total site closures 71(~1/4 of total sites)
• Total cost reduction of €174m (€148m realized)
• Total annual EBITDA-impact of ~€150m (€126m realized)
• Reduction of NWC by €133m (€130m realized)

8. Follow-up program KCO WIN on track01
Measures
8
2014
2015 €30m
Total annual EBITDA-impact of ~€50m from 2015 onwards
€20m
Effective
salesforce
management
Improved
pricing
Effective
sourcing,
logistics and
warehouse
management
• Advanced customer segmentation
• Structured sales approach
• Clear target-setting on all levels with mid- and long-term development of accounts
• Sales performance tracking and regular performance reviews
• Target-oriented incentive schemes
• Continuous sales staff training
• Key elements laid out in pricing manual
• Price guidance based on net margins
• Metrics measures price realization and revenue leakages
• Systematic transaction reviews through escalation process
• Further bundling, special deals and increase of bonus yields
• Introduction of paperless warehouse processes
• More usage of state of the art warehouse technology

9. Clear acquisition strategy to support growth of higher value-add business01
9
• External growth with focus on targets which fulfill the following
requirements:
• Companies which support our strategy of increasing higher value-
add business through corresponding processing facilities
preferably supported by state of the art systems and experienced
sales force
• Companies with higher value-add products as long as they can
be integrated in our network. Regional-wise the USA would be
preferred because of better growth perspective
• In the absence of significant scale effects caused by
overcapacities other targets would be only of interest if they are a
real bargain
• Internal growth will be realized especially in the more attractive
US-market
External
growth
Internal
growth

10. Significant margin enhancement potential through increasing higher value-add
business and its improvement of profitability
01
10
• Target is to increase share of high margin processing business from currently 15% to
25% by 2017
highlow
Margin
low high
Service/Processing intensity
15%
43%
18%
Commodity
stockholding
Higher
value-add
products
Processing
15%
20% 0%
37%
45%
5%
1%
10%
10%
26%
42% Target 2017

11. The webshop and increasing access to the stocks of our suppliers are the first steps
to change the current business model
01
Conventional steel distribution supply
chain highly inefficient:
• Disconnected flow of information
• Multiple stocking, too many picks
• Unsteady delivery from mills
• Apply portals or EDI-technology to facilitate
efficient direct access to suppliers‘ floor
stocks also to avoid multiple stocking
• Gaining new customers
• Realization of significant savings per order
11
Webshop
Suppliers
Suppliers
stocks
KCO
central
stocks
KCO
branches Customers
EDI-
Portal

12. Webshop, EDI-Portal and further applications will merge into an B2B-Exchange to
integrate multiple suppliers and to enable seamless information flow
01
• Increasing direct access to floor
stocks of suppliers
• Apply B2B-Exchange to integrate
processes with suppliers
• Integration of additional services
such as construction support and
material calculation
12
Webshop
Suppliers
Suppliers
stocks
KCO
central
stocks
KCO
branches Customers
B2B-Exchange
At least 50% of sales via online transaction targeted within the next 5 years

13. Consistent implementation of all measures provides significant improvement potential
in terms of profitability, growth, competitve advantage and capabilities
01
13
Makes sure that profitability is improving further
Supports our growth target
Creates competitive advantage
Provides necessary capabilities
Enabling
activities
Differentiation
Growth and
optimization
Broad & higher value-
add product range
Higher value-add
processing
Optimized
supply chain
Operations
External & internal
growth
Management & pers.
development
Controlling &
IT systems
Advanced tools &
systems
Stabilization Restructuring
Klöckner & Co 2020

14. Klöckner & Co SE
A Leading Multi Metal Distributor
Financials
CFO
Marcus A. Ketter

15. Turnover and sales02
Sales (€m)Turnover (Tto)
• Turnover increase qoq following the usual
seasonal pattern
• Sales growths qoq in line with turnover
• Yoy decline also a result of f/x variance
15
1,857 1,863
1,764
1,585 1,646 1,690 1,617
1,492
1,633
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
-0.8%
+9.4%
1,945 1,964
1,847
1,633 1,625
1,698
1,600
1,455
1,572
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
-3.2%
+8.0%

16. EBITDA* (€m) / EBITDA-margin* (%)
Gross profit and EBITDA-margin improvement is gaining momentum02
Gross profit* (€m) / Gross-margin* (%)
• Gross-margin up by 0.6p yoy • EBITDA continues to benefit from KCO 6.0
measures
• EBITDA-margin improved from 1.8% to 2.9% yoy
* Before restructuring costs
16
18.7 FY
17.5 FY
344 344
306 302 303 305 296
288
302
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
47
50
18
22
29
43
39 40
45
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
19.2 Q1
2.4 FY
1.8 FY
2.9 Q1

17. Segment performance02
• Turnover
• Europe up by 2.8% due to mild weather conditions
• Americas down by 5.3%
• Hard and long lasting winter
• Consolidation of sites (impact -2.8%p)
• Accelerated exit of low margin business (esp.
beams business)
• Strong carbon flat rolled business
• Sales
• Only stable in Europe due to lower price level
• Americas segment negatively impacted by weaker
USD
17
Turnover (Tto)
-0.8%
Q1 2014
1,633
677
956
Q1 2013
1,646
716
930 2.8%
-5.3%
Americas
Europe
Sales (€m)
-3.2%
Q1 2014Q1 2013
-0.1%
-8.4%
1,017 1,015
608 557
Europe
Americas
Comments
1,625 1,572

18. Segment performance02
18
EBITDA (€m)
Gross profit (€m)
-0.2%
Americas
Europe
Q1 2014
302
202
Q1 2013
303
200
+57.2%
Q1 2014
45
Q1 2013
29
+1.3%
-3.0%
+79.2%
+18%Americas
Europe
200
103 100
-6 -5
26
14
21 24
HQ
• Focus on higher margin business visible in both
segments
• Europe
• Gross-margin up by 0.4%p to 19.9%
• EBITDA-margin up by 1.1%p to 2.5%
• Americas
• Gross-margin up by 1.0%p to 18.0%
• EBITDA-margin up by 1.0%p to 4.4%
Comments

19. Cash flow and net debt development02
Cash flow reconciliation in Q1 2014 (€m)
• Seasonally NWC build-up reflected in free
cash flow of -€71m
• Net capex of €6m (gross capex €12m net
of cash-in of divestments of €6m)
• “Other” include changes in other operating
assets and liabilities and non-cash items
Comments
36
Development of net financial debt Q1 2014 (€m)
19
7
Taxes
-2
Interest
-3
-112
EBITDA
Q1 2014
45
Free
cash flow
Q1 2014
-71
Capex
(net)
Change
in NWC
Cash
flow from
operating
activities
-65
Other
-6
March 31, 2014
407
Other
-11
Capex (net)
-6
CF from
operating
activities
-65
Dec 31, 2013
325
• Net debt up from €325m to €407m
following the usual seasonal pattern
• Main driver: free cash flow (-€71m)
resulting from NWC build-up
• “Other” mainly interest (-€10m)

20. 20
02 Improvement of maturity profile
€m Facility Committed
Drawn amount
Q1 2014* FY 2013*
Bilateral Facilities 534 49 62
ABS 560 208 191
Syndicated Loan 360 162 161
Promissory Note 235 240 238
Total Senior Debt 1,689 659 652
Convertible 2009 98 101 98
Convertible 2010 186 174 171
Total Debt 1,973 934 921
Cash 527 595
Net Debt 407 325
*Including interest
50 52
133
200
236360
360
360
360
98
186
0
200
400
600
800
1000
1200
2014 2015 2016 2017
Promissory Notes US ABS US ABL
European ABS Syndicated Loan Convertibles
238
148
1,156
853
• Syndicated loan extension option of one year till May 2017 successfully executed
• ABS Europe extended by one year till May 2017
• S&P rating improved from B+, Outlook „negative“ to B+, Outlook „stable“

21. • Equity ratio further solid at 39%
• Net debt of €407m
• Gearing* at 29%
• Leverage** 2.4x
• NWC increased from €1,216m to €1,330m qoq
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
21
Assets
687 882
1,166
Other assets 1,0781,147
Liquidity
Trade receivables
Inventories
Mar 31, 2014
3,707
527
1,220
Dec 31, 2013
3,595
595
637 772
319366
911
1,445
3,707
926
1,442
Dec 31, 2013
3,595
Other liabilities
Trade payables
Financial liabilities
Equity
Mar 31, 2014
Pensions 236 248
Equity & liabilities
40%
39%
** Leverage = Net debt/EBITDA before restructuring expenses
last twelve months.

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

23. General and segment specific business outlook03
GDP
Construction industry
Automotive industry
Apparent steel demand
Machinery and mechanical
engineering
Europe USA
+2% +2-3%
+~2% +3-4%
23

24. Outlook
• Q2 2014
• Turnover to be sequentially up in Q2
• EBITDA in Q2 expected to come in between €50-60m
• FY 2014
• Turnover and sales to be slightly up; decline through restructuring measures expected to be
overcompensated by volume growth in remaining sites
• EBITDA to be significantly up compared to last year`s figure before restructuring driven by
€41m KCO 6.0, €20m KCO WIN and €10m Riedo contribution
• Reduction of IDA cost by some €25m to €155m anticipated
• Positive net income expected
• Return to dividend payment intended for fiscal year 2014
03
24

25. Highlights and update on strategy01
Financials
Outlook
Appendix
02
03
04
Agenda
25

26. Quarterly results and FY results 2009-201404
26
(€m)
Q1
2014
Q4
2013
Q3
2013
Q2
2013
Q1
2013
Q4
2012*
Q3
2012*
Q2
2012*
Q1
2012*
Q4
2011
FY
2013
FY
2012*
FY
2011
Turnover (Tto) 1,633 1,492 1,617 1,690 1,646 1,585 1,764 1,863 1,857 1,636 6,445 7,068 6,661
Sales 1,572 1,455 1,600 1,698 1,625 1,633 1,847 1,964 1,945 1,739 6,378 7,388 7,095
Gross profit 302 284 296 305 303 298 306 340 344 307 1,188 1,288 1,315
% margin 19.2 19.5 18.5 18.0 18.6 18.3 16.6 17.3 17.7 17.6 18.6 17.4 18.5
EBITDA 45 16 36 43 29 -35 18 33 44 14 124 60 217
% margin 2.9 1.1 2.3 2.5 1.8 -2.2 1.0 1.7 2.3 0.8 2.0 0.8 3.1
EBIT 23 -36 10 17 2 -89 -9 -24 18 -18 -6 -105 111
Financial result -17 -17 -19 -19 -19 -14 -22 -18 -25 -21 -73 -80 -84
Income before taxes 6 -52 -8 -2 -16 -103 -31 -42 -8 -39 -79 -185 27
Income taxes -3 -7 -3 -2 1 -19 3 3 -4 12 -12 -18 -17
Net income 3 -59 -11 -4 -16 -123 -29 -39 -12 -27 -90 -203 10
Minority interests 0 -5 0 0 0 -1 -1 0 1 -1 -6 -3 -1
Net income KlöCo 3 -54 -11 -4 -16 -122 -28 -39 -11 -27 -85 -200 12
EPS basic (€) 0.03 -0.54 -0.11 -0.04 -0.16 -1.22 -0.28 -0.39 -0.11 -0.27 -0.85 -2.00 0.14
EPS diluted (€) 0.03 -0.54 -0.11 -0.04 -0.16 -1.22 -0.28 -0.39 -0.11 -0.27 -0.85 -2.00 0.14
* Restated due to initial application IAS 19 revised 2011.

27. Both regions recovering from their profitability lows04
EuropeAmericas
27
Turnover (Tto) Sales (€m) EBITDA* before restructuring (€m)
Turnover (Tto) Sales (€m) EBITDA before restructuring (€m)
* 2012: as restated for the initial application of IAS19 revised 2011.
Restructuring costs (€m) Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q3 2013 Q4 2013
Europe 10 3 17 -1 57 13
Americas 1 2 11 ** Including pension release: Q2 2013 €7m, in Q3 2013 €6m and Q4 2013 €1m
and sale of French La Courneuve site €13m.
1,105 1,097
1,018
908 930 941
903
839
956
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
1,223 1,237
1,149
1,041 1,017
1,061
1,006
935
1,015
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
752
766
746
677
716
749
714
653
677
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
722 727
698
592 608
637
594
520
557
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
22
35
12
16
14
28**
26**
34**
26
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014
+2.8%
-0.1%
-5.3%
-8.4%
29
22
12
16
21 20 20
13
24
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013
Q1
2014

28. Segment performance Q1 201404
28
(€m) Europe Americas HQ/Consol. Total
Turnover (Tto)
Q1 2014 956 677 1,633
Q1 2013 930 716 1,646
Δ % 2,8 -5.3 -0.8
Sales
Q1 2014 1,015 557 1,572
Q1 2013 1,017 608 1,625
Δ % -0.1 -8.4 -3.2
EBITDA
Q1 2014 26 24 -5 45
% margin 2.5 4.4 2.9
Q1 2013 14 21 -6 29
% margin 1.4 3.4 1.8
Δ % EBITDA 79.2 18.0 57.2

29. Comments
Balance sheet as of March 31, 201404
29
(€m) March 31, 2014 December 31, 2013
Non-current assets 967 977
Inventories 1,220 1,166
Trade receivables 882 687
Other assets 111 170
Cash & Cash equivalents 527 595
Total assets 3,707 3,595
Equity 1,442 1,445
Total non-current
liabilities
1,104 1,077
thereof financial liabilities 747 727
Total current liabilities 1,161 1,073
thereof trade payables 772 637
Total equity and
liabilities
3,707 3,595
Net working capital 1,330 1,216
Net financial debt 407 325
Shareholders’ equity:
• Healthy at 39%
Financial debt:
• Gearing at 29%
• Gross debt of €0.9bn and
cash position of €0.5bn
result in a net debt position
of €407m

30. Profit & loss Q1 201404
(€m) Q1 2014 Q1 2013
Sales 1,572 1,625
Gross profit 302 303
Personnel costs -141 -151
Other operating expenses (net) -116 -123
EBITDA 45 29
Depreciation & Amortization -22 -26
EBIT 23 2
Financial result -17 -19
EBT 6 -16
Taxes -3 1
Net income 3 -16
Minorities 0 0
Net income attributable to KCO shareholders 3 -16
30

31. Sales by markets, products and industries04
31
As of December 31, 2013

32. Current shareholder structure04
32
Geographical breakdown of identified
institutional investors
Comments
• Identified institutional investors
account for 51%
• German investors incl. retail
dominate
• Top 10 shareholdings represent
around 30%
• Retail shareholders represent 27%
As of April 2014

33. Appendix04
33
Financial calendar 2014
May 23, 2014 Annual General Meeting 2014, Düsseldorf
August 7, 2014 Q2 interim report 2014
October 1-2, 2014 Capital Market Days, Berlin
November 6, 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

34. 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