Slide 1: Quarterly Report First 9 Months 2016/17
Quarterly Report First 9 Months 2016/17 Analyst Conference Call August 10, 2017
Slide 2: Aurubis fulfills expectations with significantly positive results for the first 9 months
Aurubis fulfills expectations with significantly positive results for the first 9 months 9M 9M FY 2016/17 FY 2015/16 Operating EBT (€ million) 211 148 Net cash flow (€ million) 191 45 Operating ROCE (%) 13.0 11.2 (based on operating EBIT for the last 12 months) August 2017 2
Slide 3: Continued high performance of our plants and good recycling markets lead to good results
Continued high performance of our plants and good recycling markets lead to good results EBT 9M 2016/17 (in € million, rounded) Main factors influencing the result 9M 9M » Significantly higher concentrate throughputs than in the FY 16/17 FY 15/16 previous year, despite the legal maintenance shutdown
Slide 4: All Aurubis Group KPIs significantly higher
All Aurubis Group KPIs significantly higher (operating, based on IFRS) 9M 9M Change 2016/17 2015/16 Absolute Relative Revenues €m 8,189 7,076 1,113 16 % Gross profit €m 867 766 101 13 % EBITDA €m 316 254 62 24 % EBIT €m 220 161 59 37 % EBT €m 211 148 63 43 % Consolidated net income €m 161 109 52 48
Slide 5: Reconciliation of statement of financial position/income statement from IFRS to IFRS (operating)
Reconciliation of statement of financial position/income statement from IFRS (average cost method) to IFRS (operating) IFRS (average IFRS In € million cost method) (operating) Adjustments Statement of financial position 06/30/2017 Total assets 4,285 3,900 -385 Assets Fixed assets 1,491 1,446 -45 Def
Slide 6: Strong Aurubis Group KPIs
Strong Aurubis Group KPIs (operating, based on IFRS) 06/30/2017 06/30/2016 Operating Operating Target Profitability ROCE* 13.0 % 11.2 % 15 % Capital structure - Equity ratio (equity / total assets) 50.9 % 46.7 % > 40 % - Fixed asset cover (equity / fixed assets) 137.4 % 126.6 % > 120 % - Intensity o
Slide 7: BU Primary Copper: very good results
BU Primary Copper: very good results Operating results for BU Copper Products (first 9 months 2016/17) BU Primary 9M 9M Copper 16/17 15/16 EBIT (in €m) 188 105 » Relatively high TC/RCs due to good input mix EBT (in €m) 184 96 » Higher throughputs despite maintenance shutdown in Hamburg ROCE (%) 25.5
Slide 8: BU Copper Products: good copper scrap markets could not compensate for weak rod and cathode markets
BU Copper Products: good copper scrap markets could not compensate for weak rod and cathode markets Operating results for BU Copper Products (first 9 months 2016/17) BU Copper 9M 9M Products 16/17 15/16 EBIT (in €m) 62 77 EBT (in €m) 57 73 » Lower premium on the cathode markets ROCE (%) 7.2 9.8 » We
Slide 9: Copper price hits 2-year high
Copper price hits 2-year high Copper price and metal exchange inventories Metal exchange inventories in 1.000 t LME copper price (settlement) in US$/t 2000 10000 Copper price 1750 08/09/2017: 9000 6,411.0 1500 8000 1250 7000 1000 6000 750 5000 500 4000 250 3000 0 2000 10/12 04/13 10/13 04/14 10/14 0
Slide 10: Our Vision 2025
Passion Together for metallurgy for progress with you Our Vision 2025 AAurubis
Slide 11: ONE Aurubis: Our approach: How we achieve the vision
Our approach: How we achieve the vision Transformation Program Vision ONE Aurubis Organization & Business Leadership & Culture & Strategy Accountability Improvement People Development Communications Clear Direction Efficient Organization Improved Processes Employee Development Unifying Culture › Imp
Slide 12: FCM Project (Future Complex Metallurgy) – Metals for Progress
FCM Project (Future Complex Metallurgy) – Metals for Progress Leadership & Organisation & Business Culture & Strategy People Vision Accountability Improvement Communications Development ONE Aurubis Internal growth project FCM Goal of the FCM project: Key data for the FCM Project: » Increasing the ca
Slide 13: ONE Aurubis: Our approach: How we achieve the vision
Our approach: How we achieve the vision Transformation Program Vision ONE Aurubis Organization & Business Leadership & Culture & Strategy Accountability Improvement People Development Communications Clear Direction Efficient Organization Improved Processes Employee Development Unifying Culture › Imp
Slide 14: Efficiency improvement program started according to plan!
Efficiency improvement program started according to plan! Leadership & Organisation & Business Culture & Strategy People Vision Accountability Improvement Communications Development ONE Aurubis > € 200 million EBITDA increase (in € million) + 80 > 200 » Measures for 2016/17 have been determined and
Slide 15: ONE Aurubis: Our approach: How we achieve the vision
Our approach: How we achieve the vision Transformation Program Vision ONE Aurubis Organization & Business Leadership & Culture & Strategy Accountability Improvement People Development Communications Clear Direction Efficient Organization Improved Processes Employee Development Unifying Culture › Imp
Slide 16: Aurubis confirms earnings forecast for 2016/17
Aurubis confirms earnings forecast for 2016/17 » The Reuters poll regarding the average copper price for mid-July 2017 is at US $ 5,717 / t and US $ 5,816 for 2018. » Satisfactory copper concentrate markets » High capacity utilization at our primary copper smelters » Slight recovery on the sulfuric
Slide 17: Aurubis confirms earnings forecast for 2016/17
Aurubis confirms earnings forecast for 2016/17 Overall, we expect significantly higher operating EBT and slightly higher operating ROCE for the Group in comparison with the previous year. Qualified comparative forecast according to Aurubis’ definition Operating Change in ROCE delta as operating EBT
Slide 18: Quarterly Report First 9 Months 2016/17
Quarterly Report First 9 Months 2016/17 Analyst Conference Call August 10, 2017 18
Slide 19: IR contacts and financial calendar
IR contacts : Financial calendar » Annual Report Angela Seidler Dieter Birkholz 2016/17 12/13/2017 Head of Investor Relations Senior Manager » Quarterly Report +49 40 7883-3178 +49 40 7883-3969 a.seidler@aurubis.com d.birkholz@aurubis.com 3 Months 2017/18 02/13/2018 » Annual General Meeting 03/01/20
Slide 20: 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