Slide 1: Quarterly report First 3 Months 2017/18 Conference Call
Quarterly report First 3 Months 2017/18 Conference Call on February 13, 2018 1
Slide 2: Aurubis result significantly higher than previous year
Aurubis result significantly higher than previous year Q1 Q1 2017/18 2016/17 Operating EBT (€ million) 79 18 Net cash flow (€ million) -246 -41 Operating ROCE (%) 15.4 9.5 (operating EBIT last 4 quarters) February 2018 2
Slide 3: Trend for the most important earnings drivers
Trend for the most important earnings drivers Trend in significant market prices and refining charges 350% 100 %= Sept. 2016 European refining charges for 300% copper scrap Sulfuric acid price (spot CFR Brazil) 250% Exchange rate (USD/€) TC/RCs for copper 200% concentrates (contract) Copper premium
Slide 4: Higher concentrate throughput and good recycling markets lead to significantly higher result
Higher concentrate throughput and good recycling markets lead to significantly higher result EBT Q1 2017/18 (in € million, rounded) Q1 17/18 Q1 16/17 Positive influencing factors: 170 » Significantly higher concentrate throughput; the previous year was negatively impacted by a scheduled maintenance
Slide 5: All Aurubis Group financial figures significantly higher than previous year
All Aurubis Group financial figures significantly higher than previous year Q1 Q1 Change (operating IFRS) 2017/18 2016/17 Absolute Relative Revenues €m 2,872 2,462 410 17 % Gross results €m 291 230 61 27 % EBITDA €m 114 54 60 > 100 % EBIT €m 82 22 60 > 100 % EBT €m 79 18 61 > 100 % Consolidated net
Slide 6: Very strong Aurubis Group key figures
Very strong Aurubis Group key figures 12/31/2017 12/31/2016 (operating IFRS) operating operating Target Profitability ROCE* 15.4 % 9.5 % 15 % Capital structure - Equity ratio (equity / total liabilities) 51.4 % 47.4 % > 40 % - Fixed asset cover (equity / fixed assets) 147.3 % 128.5 % > 120 % Debt an
Slide 7: MRP: Very good result – previous year impacted by extraordinary effects
MRP: Very good result – previous year impacted by extraordinary effects Operating result Segment Metal Refining & Processing (MRP) (Q1 FY 2017/18) Q1 Q1 Segment MRP 17/18 16/17 » Higher concentrate throughputs - even taking into consideration EBIT (in €m) 95 38 the scheduled maintenance shutdown in
Slide 8: MRP: Sales volumes of recovered metals
MRP: Sales volumes of recovered metals Sales volumes of other metals (without copper) Q1 Q1 17/18 16/17 Gold t 12 10 Silver t 210 201 Lead t 5,413 5,505 Nickel t 720 591 Expansion of the multi-metal business: exceptional expertise & innovative Tin t 570 347 solutions for the industrial arena Minor m
Slide 9: FRP: Improved start in the fiscal year, despite seasonal factors
FRP: Improved start in the fiscal year, despite seasonal factors Operating result Segment Flat Rolled Products (FRP) (Q1 2017/18) Q1 Q1 Segment FRP 17/18 16/17 EBIT (in €m) -5 -9 » Result strained by negative measurement effects of € 3 million (previous year: € 4 million) EBT (in €m) -7 -10 » Lower
Slide 10: Aurubis is in advanced negotiations regarding the sale of Segment FRP to Wieland-Werke AG, Ulm
Aurubis is in advanced negotiations regarding the sale of Segment FRP to Wieland-Werke AG, Ulm » Term sheet signed on 02/12/2018, in principle with Supervisory Board support » Final purchase agreement subject to the usual conditions; in particular, antitrust authorities and final Supervisory Board a
Slide 11: Outlook for fiscal year 2017/18: Very good prior year level is expected to be maintained
Outlook for fiscal year 2017/18: Very good prior year level is expected to be maintained » The average 2018 copper price is at US$ 6.684/t in a Reuters poll from January 25. We expect operating EBT at the very good » The supply of copper concentrates is expected to allow for satisfactory TC/RCs – de
Slide 12: ONE Aurubis
ONE Aurubis Transformation program Vision ONE Aurubis Leadership & Organization & Business Culture & Strategy Employee responsibility improvement Communication Development Clear Direction Efficient Better processes Employee Unifying culture Organization development › Implementation of the › Review o
Slide 13: Balance of the strategy determines our future actions
Balance of the strategy determines our future actions February 2018 13
Slide 14: Growth: Aurubis acquires Codelco's Deutsche Giessdraht shares
Growth: Aurubis acquires Codelco’s Deutsche Giessdraht shares » On January 19, 2018, Aurubis AG and Codelco Kupferhandel GmbH signed a purchase agreement for Aurubis’ acquisition of all shares of Deutsche Giessdraht GmbH in Emmerich an Rhein. » Until now, Aurubis has held 60% and Codelco has held 40
Slide 15: Efficiency: Project targets established for Q1 2017/18 were achieved
Efficiency: Project targets established for Q1 2017/18 were achieved Target: > € 200 million increase in results (reference year 2014/15) (in € million) + 80 > 200 » Measures for 2017/18 have been identified and + 60 are being implemented (> 120) » Currently, we are fully on schedule » All divisions
Slide 16: Thank you for your support.
Thank you for your support. 16
Slide 17: Your IR Contacts and financial calendar
Your IR Contacts: Financial calendar Angela Seidler Dieter Birkholz » Annual General Meeting Head Senior Manager 03/01/2018 +49 40 7883-3178 +49 40 7883-3969 a.seidler@aurubis.com d.birkholz@aurubis.com » Interim Report First 6 Months 2017/18 05/15/2018 » Quarterly report First 9 Months 2017/18 08/0
Slide 18: Legal disclaimer
Legal 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 risk