16 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's earnings presentation, 2025
Slide 1: FY'25 Financial Results
FY’25 FINANCIAL RESULTS BEYOND METALS SHARING TOMORROW
Slide 2: Highlights
Upward trend Downward Trend Positive Impact Volumes sold Negative Impact 600 th. tons +2.6% YoY a-EBITDA HIGHLIGHTS € 236 M Increase in sales volume amid global economic challenges, driven by the aluminium segment. -0.6% YoY EBT Solid year-on-year performance despite an unfavourable sales mix, raw m
Slide 3: Macroeconomic Charts
Macroeconomic Charts LME Prices TTF - Gas Higher average LME prices in 2025 vs 2024. Increased Natural Gas and DAM prices during 2025 vs 2024. Heren TTF Natural Gas -DAM 300,0 60 10.000 LME 240,0 4.000 € / MWh 180,0 8.000 CU €/tn 3.000 30 AL €/tn 120,0 6.000 2.000 60,0 4.000 1.000 0,0 0 Aluminium Co
Slide 4: Consolidated Cost Analysis
Consolidated Cost Analysis Excluding Al, Cu, Zn other metals costs and Derivatives result. Current Period of 2025 (2024) • Total costs increased by 60 million 14% (13%) y-o-y (+9.5%) 15% (12%) Other Operating Energy • Inflationary pressures impacted most cost categories during the period 5% (6%) Mai
Slide 5: Sales evolution per quarter ('000tn)
Sales evolution per quarter (‘000tn) Aluminium 2023 2024 2025 +2.6% +5.1% +3.1% +8.3% +11.4% +3.4% +5.9% +2.9% 109 108 114 100 104 106 102 97 98 97 94 100 Q1 Q2 Q3 Q4 Copper 2023 2024 2025 -4.1% -2.0% -4.7% +3.2% +1.1% +4.3% -1.2% -3.2% 47 45 47 45 46 44 39 40 42 41 41 39 Q1 Q2 Q3 Q4 Source: Company
Slide 6: Sales volume of Core Products by Market
Sales volume of Core Products by Market (% of Volume tns) Current Period of 2025 (Period of 2024) Aluminium Copper 2% (4%) Industrial 4% (5%) Applications HVAC&R 1% (1%) 20% (20%) Energy & Power 20% (20%) 4% (4%) Energy & Networks HVAC&R Other Industrial Power Networks Markets 10% (8%) Transportatio
Slide 7: Revenue of Core Products per Geographical Segment
Revenue of Core Products per Geographical Segment Revenue breakdown (FY’25) Al Revenue breakdown (FY’25) Cu By Geographical Segment (% of €) By Geographical Segment (% of €) Αfrica & Oceania Greece Αfrica & Oceania Greece Americas Americas 95% outside 5% 95% outside Asia 5% Greece Asia 12% 1% 7% Gre
Slide 8: a-EBITDA evolution per quarter (€m)
a-EBITDA evolution per quarter (€m) Aluminium 2023 2024 2025 +26.1% -21.4% +19.8% -47.2% +89.9% +16.8% -15.8% -2.9% 42 44 39 39 39 36 35 35 35 33 32 21 Q1 Q2 Q3 Q4 Copper 2023 2024 2025 -9.6% +22.1% -4.6% -12.5% 31 28 30 28 -7.2% 25 -9.2% -23.6% 24 24 +13.4% 22 20 19 17 14 Q1 Q2 Q3 Q4 Source: Compan
Slide 9: a-EBITDA evolution per ton
a-EBITDA evolution per ton Aluminium -10% +4% 372 335 347 2023 2024 2025 Copper +6% -12% 547 578 509 2023 2024 2025 Source: Company information 9
Slide 10: Consolidated Key Figures
Consolidated Resilient operational profitability and increased sales volume AL Key Figures Metal result at the same levels CU Volumes (kTn) Revenue (€m) EBITDA (€m) +4.3% +2.6% +4.4% +5.1% +37.6% -6.8% 585 600 3,438 3,614 243 561 3,293 226 176 1,624 1,731 1,850 140 386 414 428 142 96 1,669 1,707 1,7
Slide 11: Deviation analysis on the EBT (m€)
Deviation analysis on the ΕΒΤ (m€) • €17 million from increased sales volume and higher conversion 17 14 6 prices 126 15 9 125 8 3 0 • Sales mix and increased conversion prices partially offset by increased energy costs • €8 million from SG&A due to inflation • €9 million from decrease in gross debt
Slide 12: Analysis on the Consolidated Cash Flows (m€)
Analysis on the Consolidated Cash Flows (m€) FCF • Strong EBITDA of €226 million 76 Μ€ despite the challenging 226 environment 36 • Slightly increased working capital reflects elevated LME prices 19 9 • €89 million CAPEX in targeted improvements 89 • Reduction in Net Debt of €38 million 15 • Higher
Slide 13: Evolution of the Consolidated Working Capital & Net Debt (m€)
Evolution of the Consolidated Working Capital & Net Debt (m€) Working Capital % of Sales Net Debt Breakdown (€m) & Leverage 3.4x 2.7x 2.6x ~ 19% ~ 16% ~ 15% -13.2% -20.9% +3.5% 620 813 - 6% 538 557 643 605 Long-term 702 587 503 Short-term 152 136 156 Cash & Cash Equivalents -41 -80 -54 31.12.2023 31
Slide 14: Capex Evolution
Capex Investments marginally higher than Evolution the prior period level Cu Al 172 Source: Annual Financial Statements and Company information. 164 12 €m 20 145 15 420 116 +19% 22 95 92 89 160 26 75 34 144 29 130 24 38 94 69 61 58 51 2018 2019 2020 2021 2022 2023 2024 2025 14
Slide 15: 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 th
Slide 16: elvalhalcor.com
elvalhalcor.com