Disclaimer Cautionary note regarding forward-looking statements. Investor and Analyst Presentation Financial Results 2013.

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1 Investor and Analyst Presentation Financial Results 2013 February 27, 2014 Disclaimer Cautionary note regarding forward-looking statements The information contained in this document has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein. Certain statements contained in this document may be statements of future expectations and other forwardlooking statements that are based on management s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. None of Wienerberger AG or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. This document does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. 2 1

2 Highlights 2013 Sound revenue and earnings growth despite difficult market environment and unfavorable weather at the beginning of the year Successfully met EBITDA goal: 267 mn Execution of restructuring program and sale of non-operating assets according to plan 63 mn reduction of net debt causes decline of net debt / op. EBITDA ratio to 2.0 years Dividend proposal: 12 Eurocent per share 3 Difficult Market Environment in 2013 WB management assessment: SFH starts 2013 USA: Positive development Partially significant declines in F, NL, B, PL, CZ and HU Mountain Region Midwest SFH +15% Southeast Source: U.S. Census Bureau (growth rate 2013) Market growth (>2%) Stable development Market decline (<-2%) Mid-Atlantic +9% -8% -17% -5% -3% -1% -5% -5% GER, RO and BU stable Positive development in UK und RU -11% -6% -22% Source: Management expectation (SFH starts; SFH permits in GER, CH, HU) 4 2

3 Diverse Market Impact on Business Units Volumes Prices Clay Building Materials WE Clay Building Materials EE North America Pipelife Steinzeug-Keramo Semmelrock 5 Successful Diversification Strategy Yields Stabilization of Earnings Development CBM Europe P&P Europe North America 8% Revenues % 39% op. EBITDA in mn CBM Clay Building Materials P&P Pipes & Pavers 6 3

4 Sound Increase in Revenues and Earnings Revenue: 2,662.9 mn (2012: 2,355.5 mn +13%) Net Debt: mn (31/12/12: mn -10%) Operating EBITDA 1) : mn (2012: mn +9%) Total Investments: mn (2012: mn -60%) 1) Adjusted for non-recurring income and expenses 7 Earnings Increase in Pipes & Pavers Europe Division due to Consolidation of Pipelife Significant revenue and earnings growth: - Ext. revenues 2013: 1,029 mn (PY: 711 mn) - EBITDA 2013 : 100 mn (PY: 67 mn) - Consolidation effect Pipelife: 348 mn 31 mn Pipelife: Earnings growth in the project business and in Eastern Europe compensate decline in Western Europe Steinzeug-Keramo: One-time costs cause earnings decline Stable organic development Semmelrock: Cost savings result in earnings growth despite volume declines 8 4

5 Strong Q4 in CBME Division Cannot Compensate H1 Decline H2 shows volume growth in all product groups and an increase in operating EBITDA Moderate volume decline in 2013 due to unfavorable weather conditions at the beginning of the year and declines in several core markets Prices are nearly stable: Price increases in line with cost inflation in Western Europe Proactive price adjustments result in price declines in Eastern Europe Cost savings in CBME are on track 9 Recovery on the US Residential Construction Market Brick business records strong volume growth in H2 after moderate growth in H brick volume growth amounted to 12% Price pressure in a number of regional brick markets results in slightly lower prices Plastic pipes: Moderate earnings decline as very strong prior year results remain unmatched 10 5

6 Results 2013 by Segment Revenues: 2,662.9 mn +13% EBITDA 1) : mn +9% Pipes & Pavers EE 17% North America 8% Holding & Others 0% Clay Building Materials WE 41% Pipes & Pavers EE 13% North America 5% Holding & Others -7% Clay Building Materials WE 49% Pipes & Pavers WE 25% Pipes & Pavers WE 22% Clay Building Materials EE 12% 1) Adjusted for non-recurring income and expenses Clay Building Materials EE 15% WE Western Europe EE Eastern Europe 11 Results 2013 by Product Revenues: 2,662.9 mn +13% EBITDA 1) : mn +9% Pipes 36% Holding & Others 0% Wall 23% Pipes 36% Holding & Others 2) -13% Wall 26% Surface 4% Facade 22% Roof 15% Surface 4% Facade 16% Roof 31% 1) Adjusted for non-recurring income and expenses 2) Includes holding costs of divisions Clay Building Materials Europe und Pipes & Pavers Europe 12 6

7 Wienerberger Products and Projects 13 Ceramic Pipes from Steinzeug-Keramo are Cradle to Cradle Certified Our ceramic pipes meet demanding ecological criteria of the Cradle to Cradle certification Ceramic pipes - Are made from natural raw materials only - Are recyclable - Create value through their durability STEINZEUG-KERAMO. INSPIRED BY NATURE. 14 7

8 New Sewage System in Mikolow (PL) Polish city Mikolow trusts in Steinzeug-Keramo products In total 175 km of ceramic pipes were laid to build a new sewage system Main decision criteria for the local authority were the durability and the resistance to chemical and physical impacts 15 Semmelrock Supplies New Central Railway Station in Vienna Key data Surface area: 28,000 m² Product: Tec Line Paver Specialties: Einstein System Semmelrock Premium Protect Luminance contrast Tactile guidance system Central Railway Station Vienna ÖBB, Roman Bönsch 16 8

9 ARTE Pavers Combine Tradition and Modern Design Békéscsaba, Hungary ARTE Pavers ARTE Pavers create an impressive surface image - no matter if used to resemble traditional style or if used as contrast to modern architecture. At first glance the surface is made up of many individual stones. Indeed it is easily applied because it consists of only ten different paving elements. Baden, Austria 17 Pipelife Holds the World Record for Extruded Plastic Pipes Pipelife is the only producer of Long Length Large Diameter PE pipe systems The innovative pipes with a diameter of up to 2.5 meters and a length of up to 600 meters are shipped worldwide, e.g. to: - Ghana - Algeria - Venezuela - Spain 18 9

10 Wienerberger Invests in Production Capacity for Insulation Filled Clay Blocks in Austria Investment in a production line for the top product Porotherm W.i. in Haiding, Austria Stone wool is integrated in the clay block as insulation material Construction time and project costs are reduced as no additional exterior insulation is required Most modern production line in the Wienerberger Group 100% added value in Austria 19 Wienerberger Bricks for Multistory Student Dormitory Multistory student dormitory with 213 housing units in Angers, France Meets low energy standard Location between bypass road and tramline posed specific challenge with regards to sound insulation Massive brick walls made from insulation filled clay blocks Porotherm GFR20 Th+ Project size: 5,000 m

11 Office Building Without Heating System Office Building without heating system or air conditioning in Lustenau, Austria People, lamps and computers are the only heat sources Massive brick walls made from Porotherm N+F, high ceilings and deep embrasures maintain room temperatures of C 21 Format Follows Function Modern annex to the Paasitorni Hotel in Helsinki, Finland Facing brick Tuohi Retro with integrated long holes was custom designed for this project In the development process the format followed the function to create lightflooded combs Project size: 1,400 m² facade 22 11

12 Modern Flat Roof with Koramic Roof Tiles Flat roofs with a pitch as low as 10 can be realized with clay roof tiles In Oldenburg (GER) the large format clay roof tile Alegra 8 from Koramic was used for this project The Sturmfix-system guarantees a long life time despite the harsh weather of North Sea storms 23 Clay roof tiles for Sotchi Clay roof tiles cover the Olympic media village and adjacent buildings of the sports and tourism complex Gornaja Karusel Tondach Gleinstätten develops VENUS RV 3 roof tile for this contract Project size: 160,000 m² clay roof tiles 24 12

13 Results Consolidation Effect Outweighs Organic Revenue Decline in 2013 in mn 2,800 2,600 2,400 2,200 2,000 1,800 2, % 0% -1% +15% 2, % Revenues increased by 13% 1% organic volume decline Stable average prices -1% FX effect 15% revenue change related to Pipelife 1,600 Revenue 2012 Sales Volume Sales Prices FX- Effect Pipelife Revenue

14 Stable Prices in Challenging Environment 2013 Clay Building Materials Europe - Western Europe: Price increases in line with cost inflation despite challenging market conditions - Eastern Europe: Continued price pressure for building materials as a result of demanding market conditions especially in PL, CZ, SK and HU Wienerberger utilizes cost advantages for proactive price strategy in selected markets to strengthen market positions North America - Prices slightly below prior year levels as a result of price pressure in a number of regional brick markets and inventory reductions in Q Pipelife - Stable margins due to strict price management 27 Implementation of Restructuring Program on Schedule Restructuring program in implementation with a focus on the Netherlands, Belgium, Germany and France Optimization measures include mothballing of plants, reduction of shifts and structural adjustments in administration Cost savings 2013: 19.1 mn Cost savings well on track to reach our target Target for total cost savings from the restructuring program by the end of 2014: 50 mn 28 14

15 Sale of Non-operating Assets Sale of non-operating assets according to plan 2013 non-operating assets worth 22.2 mn were sold (Cash in 2013: 13.6 mn) Correspondingly 11.9 mn are reported in other operating income Target: Proceeds of ~ 100 mn in the period Income Statement 2013 in mn Chg. in % Revenues 2, , Operating EBITDA 1) Operating EBITDA margin 10.4% 10.0% - Depreciation Operating EBIT 1) Operating EBIT margin 1.3% 2.1% - Restructuring costs and impairment charges to PPE Impairment charges to goodwill Release of a provision for an impending antitrust penalty >100 EBIT >100 1) Adjusted for non-recurring income and expenses 30 15

16 EBITDA 1) Change by Segment 2012 vs in mn EBITDA 2012 CBM WE CBM EE P&P WE P&P EE North America Holding & Others EBITDA ) Adjusted for non-recurring income and expenses 31 Loss After Tax 2013: 7.8 mn in mn Chg. in % EBIT >100 Income from investments in associates <-100 Interest and similar income Interest and similar expenses Other financial results <-100 Financial results <-100 Profit before tax Income taxes Profit after tax 1) ) Before non-controlling interests and accured hybrid coupon 32 16

17 Tondach Gleinstätten Producer of clay roof tiles in Eastern Europe 15 plants in 11 countries 50% Wienerberger 50% family-owned Consolidated at equity in financial results Revenue 2013: ~ 155 mn Earnings burdened by difficult market environment in Eastern Europe, structural adjustments and optimization of working capital 33 Schlagmann Producer of clay blocks 4 plants in the south of Germany (Bavaria) Modern and efficient plant network 50% Wienerberger 50% family-owned Consolidated at equity in financial results Revenue 2013: ~ 60 mn Earnings increase in

18 Cash Flow Development in mn Chg. in mn Chg. in % Gross cash flow Change in working capital 1) Normal capex Divestments and other Free cash flow Growth capex Dividend / hybrid coupon 2) Net cash flow >100 1) Adjusted for changes in the consolidation range 2) Including dividends paid to shareholders and dividend payments from associates 35 Working Capital Development in mn Chg. in % Increase/decrease in inventories Increase/decrease in trade receivables <-100 Increase/decrease in trade payables >100 Increase/decrease in other net current assets <-100 Changes in non-cash items resulting from foreign exchange translation <-100 Change in working capital Pipelife effect 1) Change in working capital excl. Pipelife >100 1) Positive Pipelife effect in 2012 due to timing of first time consolidation (May 31, 2012) 36 18

19 Total Investments 2013: mn in mn Chg. in % Normal capex in % of depreciation 54% 54% - Growth capex thereof Pipelife Total investments Pipelife takeover drives growth capex in 2012 Normal capex remains on previous year level Normal capex includes besides maintenance also investments for technological upgrades in the production process and product innovation 37 Development of Net Debt in in mn /12/2012 Gross Cash Flow Dividends received/payed Hybrid Coupon Total Investments Working Capital & Others 31/12/

20 Strong Balance Sheet and Low Gearing Ratio in mn 31/12/ /9/ /12/2013 Chg. in % vs. 31/12/2012 Equity 1) 2,364 2,267 2,254-5 Net debt Equity ratio 57% 53% 54% - Gearing 26% 29% 24% - Changes to net debt: Gross cash flow increased by 37.6 mn in 2013 Reduction of working capital 2013: 26.2 mn 1) Including non-controlling interest and hybrid capital (100% equity according to IFRS) 39 Strong Liquidity and Balanced Term Structure Cash 31/12/2013: mn Term structure: in mn Hybrid Targets: Maintain financial discipline Balanced repayment profile WB Maturities Cash Balance Note: Term structure of gross debt; cash position and financial liabilities as of 31/12/

21 Treasury Ratios Treasury Ratios 31/12/ /9/ /12/2013 Covenant Net debt / operating EBITDA 1) <3.50 Operating EBITDA 1) / interest result 2) >3.75 1) Adjusted for non-recurring income and expenses; Calculated based on 12-month EBITDA 2) Calculated based on 12-month interest result 3) Calculated based on pro-forma 12-month EBITDA and interest result of Pipelife 3) Target level: Net debt / operating EBITDA < 2.5 at year-end Comfortably in-line with covenants 41 Wienerberger Segments 42 21

22 Clay Building Materials Western Europe Results 2013 CBM Western Europe (in mn) Chg. in % External revenues 1, , Operating EBITDA 1) Operating EBITDA margin 12.1% 12.0% - Operating EBIT 1) ) Adjusted for non-recurring income and expenses Share of Group Ext. Revs % Share of Group EBITDA % Continuation of difficult market environment in F, NL und B with in part significant declines in new residential construction activity GER: Positive trend of SFH building permits SFH Housing starts are slightly below the 2012 level Facings bricks and roof tiles record declining volumes UK: Due to Help to Buy stimulus program new residential construction activity continues to recover which results in volume increases Price increases in-line with cost inflation in large parts 43 Clay Building Materials Eastern Europe Results 2013 CBM Eastern Europe (in mn) Chg. in % External revenues Operating EBITDA 1) Operating EBITDA margin 15.0% 12.9% - Operating EBIT 1) Share of Group Ext. Revs Share of Group EBITDA ) Adjusted for non-recurring income and expenses 12% 15% Continuation of difficult market environment in PL, CZ, SK and HU results in significant declines in new residential construction activity for SFH PL: Signs of stabilization towards the end of the year Wienerberger utilized cost advantages to proactively manage prices Slight growth of clay block volumes Strengthening of market positions Investments in production facilities for innovative products in AT and CZ Positive development in Russia continued Stabilization in RO and BU confirmed 44 22

23 Pipes & Pavers Western Europe Results 2013 P&P Western Europe (in mn) Chg. in % External revenues Operating EBITDA 1) Operating EBITDA margin 11.2% 11.0% - Operating EBIT 1) ) Adjusted for non-recurring income and expenses Share of Group Ext. Revs Pipelife Stable sales volumes International project business compensates declines in F and NL Moderate increase in operating EBITDA Mild weather supports revenue and earnings increase in Q4 Steinzeug-Keramo Stable revenues due to stable volumes and prices Costs for structural adjustments in production cause decrease in earnings 22% Share of Group EBITDA % 45 Pipes & Pavers Eastern Europe Results 2013 P&P Eastern Europe (in mn) Chg. in % External revenues Operating EBITDA 1) Operating EBITDA margin 7.3% 8.0% - Operating EBIT 1) >100 1) Adjusted for non-recurring income and expenses Share of Group Ext. Revs % Share of Group EBITDA 2013 Pipelife Volume growth in challenging market environment in 2013 Earnings and margin growth as a result of higher sales volumes Semmelrock Challenging markets in Eastern Europe and long winter at the beginning of the year result in double digit volume decline Cost savings result in earnings growth despite lower sales volumes 13% 46 23

24 North America Results 2013 North America (in mn) Chg. in % External revenues Operating EBITDA 1) Operating EBITDA margin 5.1% 5.9% - Operating EBIT 1) ) Adjusted for non-recurring income and expenses Share of Group Ext. Share of Group Revs EBITDA % 5% Moderate growth of housing starts for single family homes in our relevant regional markets Slight volume growth in H1 (activity burdened by long winter) Significant increase in brick volumes in H2 Reduction of inventories in positive Q4 market environment Price pressure in individual markets results in slightly lower average prices Plastic pipe business posts moderate earnings decline in comparison to the very strong results of Outlook

25 Stabilization to Slight Growth of Housing Starts in Europe Growth in the USA WB management forecast : SFH starts 2014 Mountain Region Midwest Mid-Atlantic SFH +15% Southeast Source: Management expectation (SFH starts) +10% -9% +2% -1% -3% -2% -4% +5% -1% 0% 0% -14% +5% +2% +2% Market growth (>2%) Stable development Market decline (<-2%) Source: Management expectation (SFH starts; SFH permits in GER, CH, HU) 49 Moderate Growth of RMI Spending Expected Euroconstruct forecast: RMI spending in residential construction % -1% +2% +3% +5% +1% +2% +3% -2% 0% +1% +8% Euroconstruct expects a slight decrease in the Czech Republic and France All other countries show a stable to slightly positive development of RMI spending Market growth (>2%) Stable development Market decline (<-2%) Source: Euroconstruct December 2013 (RMI spending in residential construction) 50 25

26 Clay Building Materials Europe: Outlook 2014 Moderate volume growth expected in 2014 Weak prior year basis in H1 Price increases should cover cost inflation - Expectation: Price increases ~ 1.5% Cost inflation ~ 2.0% - In Eastern Europe we must wait for the start of the construction season to have a reliable assessment of the pricing environment Savings from cost optimization program will be realized according to plan: ~ 17 mn in 2014 ~ 50 mn in the period EBITDA contribution of ~ 10 mn from the sale of non-operating assets Revenue and earnings growth 51 North America: Outlook 2014 Bricks Double digit volume growth Flexible price policy of H will carry over to 2014 Pipes Stable earnings Revenue and earnings growth 52 26

27 Pipes & Pavers Europe: Outlook 2014 Pipelife - Stable development of European core markets record result in project business is unlikely to be matched in Slight earnings decline possible Steinzeug-Keramo - Slight revenue growth - Significant earnings growth as non-recurring costs do not apply in 2014 Semmelrock - Revenue and earnings growth - Cost saving measures continue to unfold and market environment is stabilizing Stable to slightly positive earnings development 53 Assumptions for Wienerberger Group 2014 Group EBITDA Real Estate Sales Prices Costs Normal Capex Depreciation Working Capital Interest Result ~ 300 mn ~ 10 mn EBITDA contribution (part of EBITDA-goal) ~ 1.5% price increases ~ 2% cost inflation ~ 125 mn ~ 200 mn Change according to revenue development ~ 50 mn Cost Savings ~ 17 mn in 2014 ~ 50 mn in total by year-end

28 We Have a Clear Strategy Ready for the future 1 2 Broadening of Core Business Operational Excellence 3 Product Innovation & System Supplier 4 Portfolio Optimization 5 Clear Strategy for All Business Units 55 Thank you for your attention! Wienerberger Investor Relations Wienerberger AG, A-1100 Vienna, Wienerbergstrasse 11 T , F investor@wienerberger.com