Acerinox Sa · BME:ACX
Acerinox Sa — Q1 2025 Earnings Presentation
12 slides from Acerinox Sa's earnings presentation, Jun 26, 2025
Slide 1: Q1 2025 Results Presentation
Q1 2025 Results Presentation
Slide 2: Disclaimer
Q1 2025 RESULTS PRESENTATION 2 Disclaimer This document has been drawn up in good faith on the basis of the data and facts available on the day of its publication and should be read together with all the public information provided and/or published by ACERINOX, S.A. This document may contain forward
Slide 3: Control the Controllables
Q1 2025 RESULTS PRESENTATION 3 Control the Controllables … while focusing on our internal and strategic certainties Navigating macro and trade policy uncertainties… Moving forward with Control of the Haynes Working Capital integration Strategic Plan for Diversification at Acerinox Europa Columbus Inv
Slide 4: Q1 2025 at a glance
Q1 2025 RESULTS PRESENTATION 4 Q1 2025 at a glance Satisfactory Q1 EBITDA of €102 million, despite challenging conditions Strong cash generation of €99 million. Even with an increase of 29% in production, working capital reduction of €6 million Net debt of €1.2 billion, €75 million higher than that
Slide 5: Q1 2025 Market highlights: waiting for better visibility
Q1 2025 RESULTS PRESENTATION 5 Q1 2025 Market highlights: waiting for better visibility STAINLESS STEEL HIGH-PERFORMANCE ALLOYS (HPAs) March 25 manufacturing PMI: 49.0: back to contraction Oil & Gas is in a "wait-and-see" situation due to ongoing Final demand remained flat uncertainties Inventories s
Slide 6: Q1 2025: Consolidated group highlights
Q1 2025 RESULTS PRESENTATION 6 Q1 2025: Consolidated group highlights Q1 Q1 % Q1 25 / Q4 % Q1 25 / Million EUR Q1 24 Q4 24 2025 2024 2024 Melting production 512 461 11% 396 29% (thousands of metric tons) Higher activity QoQ and YoY Net sales 1,551 1,481 5% 1,325 17% EBITDA 102 111 -8% 150 (*) -32% E
Slide 7: Q1 2025: Stainless steel highlights
Q1 2025 RESULTS PRESENTATION 7 Q1 2025: Stainless steel highlights Q1 Q1 % Q1 25 / Q4 % Q1 25 / Million EUR 2025 2024 Q1 24 2024 Q4 24 Alloy surcharge decreased Melting production 488 440 11% 378 29% (thousands of metric tons) Net sales 1,097 1,109 -1% 997 10% Strategic and cost efficient EBITDA 65 8
Slide 8: Q1 2025: High-performance-alloys highlights
Q1 2025 RESULTS PRESENTATION 8 Q1 2025: High-performance-alloys highlights Full contribution of Haynes for Q1 Q1 % Q1 25 / Q4 % Q1 25 / Million EUR Q1 24 Q4 24 2025 2024 2024 the first time Melting production 24 21 13% 18 29% (thousands of metric tons) Decline in nickel Net sales 460 378 22% 333 38%
Slide 9: Q1 2025: Capital allocation
Q1 2025 RESULTS PRESENTATION 9 Q1 2025: Capital allocation Million EUR Q1 Strong Operating CF of €99 million Working capital reduction: €6 million CAPEX of €57 million (€36 million in Q1 2024) Shareholder returns of €77 million Net Debt increase of €75 million ACERINOX 2020 RESULTS PRESENTATION
Slide 10: Contribution to circular economy and sustainable development
208 Q1 2025 RESULTS PRESENTATION 10 Contribution to circular economy and sustainable development 360º Positive Impact Plan Most significant sustainability initiatives in Q1 2025 Eco-efficiency and ● Energy efficiency certification ISO 50001 climate change (CLB & NAS) mitigation ● Biodiversity Impact ass
Slide 11: Conclusions & outlook
Q1 2025 RESULTS PRESENTATION 11 11 Conclusions & outlook 01 02 03 Focus on controlling the Tariffs should be positive for Solid operating controllables Acerinox, although are cash flow creating uncertainties 04 05 06 Order book In HPA, stability in USA Q2 EBITDA to be better improving in Stainless an
Slide 12: Q&A
Q&A Q1 2025 Results Presentation