Elvalhalcor Hellenic Copper And Aluminium Industry S.a. · ATHEX:ELHA
Elvalhalcor Hellenic Copper And Aluminium Industry — ElvalHalcor — Investor Presentation (2023)
36 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's investor presentation, 2023
Slide 1: 2023 Corporate Presentation
2023 Corporate Presentation HELLENIC FUND AND ASSET MANAGEMENT ASSOCIATION 1
Slide 2: Table of Contents
Table of Contents 03 07 26 ElvalHalcor Financial Megatrends at a glance Highlights
Slide 3: ElvalHalcor at a Glance. Corporate Structure Overview
ElvalHalcor at a Glance. Corporate Structure Other Participations Overview. 93% 28% Other Aluminium Copper Shareholders segment 15.2% 84.8% segment 100% 100% 89% 100% 100% 100% 49% 75% 85% 50% 50% (1) (1) (1) 1. HC Isitma and Nedzink are JVs 3
Slide 4: ElvalHalcor at a Glance. Figures
ElvalHalcor at a Glance. Figures. Νο.1 A leading copper tubes aluminium rolling >900 Manufacturer in Europe € million producer in EMEA investments during Our financial and social footprint in Greece is significant the last 10 years according to an impact study conducted by IOBE*. €2.5 billion €1.3 b
Slide 5: Emphasis on the Human Side
Emphasis on the Human Side. Our people are the key to our success. Our people and partners’ health We empower our people A rewarding work environment Continuous, ongoing training and safety is our priority and (improving leadership skills and based on equal opportunities for all and employee develop
Slide 6: Our power is our people
Our power is our people. We invest on the Health and Safety of our people. We offer international standards career opportunities reversing brain drain. We support young engineers with 12M paid internship programs.
Slide 7: Sustainability Strategy
Sustainability Committed Strategy to sustainable growth. A comprehensive strategy with the aim of the integrated management of all environmental, social and governance risks. Strategic pillars Εnergy Carbon Health Supply transition footprint and Safety chain Progressive Short and 5-year plan for Res
Slide 8: Financial Highlights
Financial Highlights.
Slide 9: Financial Highlights
Financial Highlights. 01 02 03 04 05 Demand remains subdued Robust operational Increased Interest costs were Slowdown of investments Drop in Net debt due to across most markets.. profitability with a-EBITDA partially offset by the decrease in following the completion of lower working capital needs a
Slide 10: International Focus
International Focus. Highly extrovert business model with solid presence in 90 countries around the globe and revenues generated abroad representing over. Greece 6% Other EU 66% 94% of total turnover Other Europe (non EU) 8% Production facilities UK 6% America 7% Asia 4% Group turnover Africa & Ocea
Slide 11: Macroeconomic Charts
Macroeconomic Charts. LME Prices TTF - Gas Global demand for metals is affecting prices. Improved supply, lower consumption. Europe's NG reserves full. 10.000 LME PRICES TTF Natural Gas (EUR/MWh) 4.000 300,00 250,00 8.000 3.000 CU €/tn 200,00 AL €/tn 150,00 6.000 2.000 100,00 50,00 4.000 1.000 0,00
Slide 12: Sales evolution per quarter
Sales evolution per quarter. Sales Volumes (‘000tn) 2021 2022 Aluminium +12.4% +9.4% 2023 +10.9% +2.8% -4.1% -6.6% +0.3% +2.4% 102 104 94 97 98 95 97 93 91 91 91 85 Q1 Q2 Q3 Q4 Copper 2021 2022 +5.1% +5.8% 2023 -8.6% -6.9% -9.4% -3.7% -5.3% -9.2% 49 52 48 51 48 47 47 45 43 44 39 41 Q1 Q2 Q3 Q4 12 So
Slide 13: a-EBITDA evolution per quarter
a-EBITDA evolution per quarter. a-EBITDA (€m) Aluminium +117.3% 2021 -44.9% +106.7% +98.0% 2022 66 -39.4% -26.8% 2023 58 53 +19.6% 39 36 +20.2% 35 33 30 29 28 26 23 Q1 Q2 Q3 Q4 Copper 2021 +45.6% 2022 +27.3% 2023 +33.3% 31 +84.3% +47.8% 24 24 +29.2% 21 -19.6% -4.8% 19 16 16 17 13 13 14 13 Q1 Q2 Q3 Q
Slide 14: a-EBITDA evolution per ton
a-EBITDA evolution per ton. By segment (EUR/ tons) +75% -29% AL 523 372 299 2021 2022 2023 +57% CU 547 +13% 307 349 2021 2022 2023 Source: Financial Statements and Company information. 14
Slide 15: IVA per ton evolution
IVA per ton evolution. By segment (EUR/ tons) +30% -7% AL 1.575 1.464 1.207 2021 2022 2023 CU +20% +29% 1.702 1.418 1.099 2021 2022 2023 15 Source: Company information
Slide 16: Revenue of core products by Market
Revenue of core products by Market. Al Cu Aluminium revenue breakdown (12Μ’23) Copper revenue breakdown (12M’23) By Market (% of tons) By Market (% of tons) Transportation Other Industrial Markets HVAC&R* Building & Construction 2% 6% 8% 14% Industrial Applications Energy & Power Networks 1% 29% Ene
Slide 17: Revenue of core products per Geographical Segment
Revenue of core products per Geographical Segment. Cu Al Revenue breakdown (12M’23) Revenue breakdown (12Μ’23) By Geographical Segment (% of €) By Geographical Segment (% of €) America Greece America 7% 4% Greece 11% 5% UK Asia 4% Africa & Oceania 5% Africa & Oceania 1% 3% Other Other Europe Europe
Slide 18: Consolidated Key Figures
Consolidated Resilient operating profitability. Accounting metal result turns negative. AL CU Key Figures. Increased financial costs. Volumes (kTn) Revenue (€m) EBITDA (€m) +5.3% +28.8% -3.7% -11.3% +51.5% -45.9% 582 3,714 553 561 326 3,293 2,883 1,927 215 1,625 1. Adjusted for aluminium and copper
Slide 19: Consolidated Key Figures
Resilient operating profitability. Consolidated Accounting metal result turns negative. Key Figures. Increased financial costs. EBIT (€m) a – EBIT1 (€m) +74.4% +104.5% -59.8% -17.5% 256 201 166 1. Adjusted for aluminium and copper price fluctuations and other non recurring items. 147 200 157 98 94 1
Slide 20: Deviation analysis on the consolidated profit before taxes
Deviation analysis on the Lower volumes and spread between scrap and primary prices, downtrend consolidated profit before taxes. in metal prices. Increased costs, lower spread between scrap and primary prices, partially offset by improved Amounts in €m mix. 199.8 14.6 From accounting metal Increased
Slide 21: Analysis on the consolidated cash flows
Analysis on the Strong Profitability and successful management of working capital paves consolidated cash flows. the way for further reduction of debt. Amounts in €m Improved working capital management, lower metal Slowdown of prices. investments Robust operational Repayment of profitability. variab
Slide 22: Evolution of the consolidated working capital and net debt
Evolution of the consolidated working capital and net debt. Consolidated net debt breakdown (€m) Working Capital % of Sales -14.9% 956 Improved WC y-o-y (2022). ~ 21% 787 813 ~ 20% ~ 21% ~ 19% 784 Long-term 673 702 Amounts in €m 31.12.2021 862 -21% 31.12.2022 Short-term 206 207 152 785 31.12.2023 -9
Slide 23: Debt Maturity
Debt Well positioned Maturity. to meet the challenges. Majority of Debt is on Long-term tenure. 58% of the loans on a fixed rate. Partially hedged from the potential increase of interest rates. ~ 21% Short term bank loans 7% Current portion of long term Fixed through IRS use 11% Long term 19% Fixed
Slide 24: Capex Evolution
Capex Slowing down Evolution. Investments. Cu Al -45% 172 Source: Annual Financial Statements and Company information. 164 12 €m 20 145 15 420 116 22 95 92 160 26 34 144 130 38 94 69 58 2018 2019 2020 2021 2022 2023 24
Slide 25: World-class investments
World-class investments. Continuous and targeted investments in key areas New Cold Rolling Mill (Mino) New Lacquering line (Andritz) New bell annealing
Slide 26: Megatrends. Our way ahead
Megatrends. Our way ahead.
Slide 27: Matching the Megatrends
Matching the Megatrends. Enabling the transition Packaging. Automotive. to climate neutrality. Building & Construction. Contributing Accelerating Achieving to a circular towards a low- energy efficiency economy carbon future and safety
Slide 28: Megatrends. Enablers
Megatrends. Enablers. Circular Transition Urbanization Technological economy to net zero • Sustainable and advancements • Low carbon and • Electrification smart buildings • Industry 4.0 recyclable products • Power storage • Energy efficiency in • Digitalization • Products with increased • E-mobility
Slide 29: Megatrends. Products
Megatrends. Products. Aluminium segments’s products & solutions • End of life recycling, mainly for the • Sheets and coils for beverage cans, food • Anodized or coated profiles for bicycle rims packaging, building and transportation containers, closure caps and aerosol valves. Foil for • Mill finish
Slide 30: Overview of Growth Drivers
Overview Global effort for reduction of plastic pollution is leading to increased of Growth drivers. demand for fully recyclable materials like aluminium and copper. Aluminium and Copper are 100% recyclable without loss of properties, making each of them a very sustainable material of choice for the
Slide 31: Overview of Growth Drivers
Overview of Global effort for reduction of plastic pollution leads to increased demand Growth Drivers for fully recyclable materials like aluminium and copper.
Slide 32: Cu-Alu. e-mobility
e-mobility. Cu-Alu. Copper and aluminium demand will be substantially impacted by the growing market for electric vehicles (EVs) over the next decade. Copper is used in electric motors, batteries, inverters, wiring and in charging stations. Battery boxes are strong drivers for aluminum. Copper conte
Slide 33: Strategic Priorities
Strategic Priorities. Capitalizing on market trends and own strengths to accelerate EBITDA growth. Situation overview / Actions Situation overview / Actions • Aluminium FRP plant operated near full capacity, which is up to 375 Increase Installed Capacity (‘000tn)(1) thousand tons, before the install
Slide 34: Thank You. Q&A
Thank You. Q&A. 7 ELVALHALCOR
Slide 35: Disclaimer
Disclaimer. The information contained in this corporate presentation (CP) has been prepared by ElvalHalcor S.A. (the Company). It is Forward-Looking Statements based on historical financial data and other information already publicly disclosed by the Company. It also includes Certain statements in t
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