Slide 1: Interim Report First 3 Months 2022/23
Interim Report First 3 Months 2022/23 Conference Call on February 6, 2023
Slide 2: Executive summary of first 3 months 2022/23
Executive summary of first 3 months 2022/23 Stable market conditions and solid operative performance led to good three- month figures for FY 2022/23, despite higher energy prices and general cost Operating EBT ROCE inflation 3M 2022/23 of 16.3 % Input-material-related decreased metal result. Metal r
Slide 3: Aurubis achieved strong 3-month results
Aurubis achieved strong 3-month results 3M 3M Change vs. (operating IFRS) 2022/23 2021/221 prior year Revenues €m 4,096 4,406 -7 % Gross profit €m 393 419 -6 % EBITDA €m 172 210 -18 % EBIT €m 124 163 -24 % EBT €m 125 164 -24 % Consolidated net income €m 99 127 -22 % Operating ROCE (%) 16.3 17.9 - (o
Slide 4: Market conditions stable during Q1 2022/23
Market conditions stable during Q1 2022/23 Trend in significant market prices and refining charges 100 % = Sept. 2018 450% 400% Sulfuric acid price (spot CFR Brazil) 350% Copper price (settlement) 300% Exchange rate (US$/€) 250% 200% European refining charges for copper scrap no. 2 150% Copper premi
Slide 5: Gross margin for the Group in 2022/23 YTD
Gross margin for the Group in 2022/23 YTD Breakdown of income components in the Aurubis Group 3M 2022/23 YTD (YTD prior-year figures) 30 % (29 %) Treatment charges for concentrate + 39 % (42 %) recycling input Metal result ~ € 540 million* (~ € 545 million*) 31 % (29 %) Premiums + products * Gross m
Slide 6: Increase of overall group costs
Increase of overall group costs Overview of cost/expense positions 3M 2022/23 YTD (YTD prior-year figures) 11 % (11 %) Depreciation and amortization 30 % (33 %) Personnel costs 13 % (12 %) Consumables ~ € 457 million* 12 % (12 %) (~ € 419 million*) External services 18 % (17 %) 16 % (15 %) Other ope
Slide 7: Moderate increase in energy cost due to active energy management
Moderate increase in energy cost due to active energy management Breakdown of energy costs 3M 2022/23 (3M PY) Key influencing factor on reduction of energy costs in Q1 2022/23: 58 % (75 %) Electricity − Active energy management/hedging incl. oxygen transactions 38 % (20 %) Natural gas − Electricity
Slide 8: Aurubis' financial position remains strong
Aurubis’ financial position remains strong 3M 3M 2022/23 2021/223 Target ROCE1 % 16.3 17.9 15.0 Equity ratio % 54.5 54.0 > 40.0 (equity / total assets) Debt coverage2 -0.3 -0.4 < 3.0 3M 3M Additional KPIs 2022/23 2021/22 Capital expenditure €m 72 59 Capital employed €m 3.099 2.708 (balance sheet dat
Slide 9: Multimetal Recycling segment
Multimetal Recycling segment Breakdown of income components in MMR segment 3M 2022/23 YTD (YTD prior-year figures) 3M 3M Operating results 2022/23 2021/222 46 % (43 %) Refining charges 49 % (54 %) EBIT €m 34 83 Metal gains for recycling input EBT €m 35 83 ROCE1 % 18.7 37.3 Quantities Copper scrap /
Slide 10: Custom Smelting & Products segment
Custom Smelting & Products segment Breakdown of income components in CSP segment 3M 3M 3M 2022/23 YTD (YTD prior-year figures) Operating results 2022/23 2021/222 EBIT €m 108 93 41 % (42 %) EBT €m 108 94 35 % (35 %) Premiums + ROCE1 % 18.9 12.6 Metal result products Quantities Concentrates mt 635 679
Slide 11: Market outlook for 2022/23
Market outlook for 2022/23 We anticipate an increase in concentrate supply from the mine side, underpinned by Copper new greenfield projects and the expansion of existing mines. concentrates Our smelters are already well supplied into Q3 of FY 2022/23. We expect a stable supply of copper scrap and c
Slide 12: EBT between € 400 million and € 500 million
FY 2022/23 guidance Our forecast range Operating EBT Operating ROCE between € 400 million between 11 % and € 500 million and 15 % Operating EBT Operating ROCE in € million in % Group 400–500 11–15 Multimetal Recycling 100–160 11–15 Custom Smelting & Products 350–410 15–19 Aurubis Analyst Conference
Slide 13: Aurubis Richmond, USA - construction work is progressing
Aurubis Richmond, USA - construction work is progressing Aurubis Richmond Module 2 Aurubis Analyst Conference Call on February 6, 2023 13
Slide 14: Groundbreaking for ASPA (Advanced Sludge Processing by Aurubis)
Groundbreaking for ASPA (Advanced Sludge Processing by Aurubis) ASPA Aurubis Analyst Conference Call on February 6, 2023 14
Slide 15: Aurubis accelerates the decarbonization agenda
Aurubis accelerates the decarbonization agenda − Aurubis begins test series for the use of blue ammonia in copper rod production − First delivery of blue, low-carbon ammonia has arrived in October 2022 at Aurubis from the United Arab Emirates − Important step towards the decarbonization of our indus
Slide 16: Sustainability: Life cycle assessment of our copper cathodes
Sustainability Life cycle assessment of our copper cathodes The CO2 footprint of Aurubis copper production is less than half the global average in kg CO2 eq./t Cu Global average 2013: 2,300 2013: 4,027 2021: 1,460 2019: 3,833 * Source: International Copper Association 2019, Aurubis LCA 2021 Aurubis
Slide 17: Growth strategy: CAPEX and EBITDA impact increase significantly
Growth strategy: CAPEX and EBITDA impact increase significantly In execution Investment case in finalization Long term Currently approved Medium-term planning (next 4 years) Until 2030 − Growth Capex ~€ 1,000 − Growth Capex ~€ 400 million are − Ambition and scale of our million approved included in
Slide 18: Annual General Meeting on February 16, 2023
Annual General Meeting on February 16, 2023 Aurubis dividend (in € per share) Physical Annual General Meeting on February 16, 2023 1.80 The proposed dividend for shareholders 1.55 1.60 is € 1.80 per share 1.30 1.25 Link to the AGM: − www.aurubis.com/agm − www.aurubis.com/hauptversammlung 17/18 18/19
Slide 19: Financial calendar
Financial calendar − AGM February 16, 2023 − Q2 2022/23 May 11, 2023 − Capital Market Day (in London) June 13, 2023 − Q3 2022/23 August 7, 2023 − Annual Report 2022/23 December 6, 2023 Aurubis Analyst Conference Call on February 6, 2023 19
Slide 20: Interim Report First 3 Months 2022/23
Interim Report First 3 Months 2022/23 Conference Call on February 6, 2023
Slide 21: Your IR Contacts
Your IR Contacts Angela Seidler Elke Brinkmann Ferdinand von Oertzen VP Investor Relations, Head of Investor Relations Specialist Investor Relations Corporate Communications +49 40 7883-2379 +49 40 7883-3179 +49 40 7883-3178 e.brinkmann@aurubis.com f.vonoertzen@aurubis.com a.seidler@aurubis.com Auru
Slide 22: Aurubis at a glance
Based in Hamburg, Aurubis AG The company’s main expertise Aurubis develops its leading market is in optimally processing position with a responsible concentrates and recycling at a glance approach to the environment, raw materials with people, and resources complex qualities The company, which was f
Slide 23: Overview of revised operating EBT Q1 – Q3 2021/22
Overview of revised operating EBT Q1 – Q3 2021/22 − The derivation of the operating result was changed with effect on September 30, 2022 − For additional information, please refer to the Annual Report 2021/22 − The adjusted values for operating EBT (YTD) Q1 - Q3 2021/22 below are for comparison 3M 6
Slide 24: Scheduled shutdowns in the next 3 years
Scheduled shutdowns in the next 3 years EBT effect from scheduled shutdowns (in € million) Status: December 2022 FY 2022/23 FY 2023/24 FY 2024/25 Smelter May/ maintenance ~36 June 2024 Hamburg Smelter May/ May/ maintenance ~20 ~35 June 2023 July 2025 Pirdop Anode Nov/ Nov/ Nov/ furnace ~7 ~8 ~8 Dec
Slide 25: Primary copper production process
Primary copper production process Sulfuric acid plant Off-gas cleaning Copper scrap Copper concentrates Copper matte Blister copper (64 % Cu) (98 % Cu) Flash smelter Converter Anode furnace Copper Nickel sulfate (99.5 % Cu) Anode Cathode Anode slime Anode casting wheel Tankhouse Precious metal refin
Slide 26: Disclaimer
Disclaimer Forward-looking statements This document contains forward-looking statements that involve risks and uncertainties, including statements about Aurubis’ plans, objectives, expectations, and intentions. Readers are cautioned that forward-looking statements include known and unknown risks and