Slide 1: Interim Report First 6 Months 2020/21 Analyst Conference Call
Interim Report First 6 Months 2020/21 Analyst Conference Call on May 10, 2021
Slide 2: Executive summary for first 6 months of 2020/21
Executive summary for first 6 months of 2020/21 Interim Report » First half closed with a very good result due to good operating performance and positive market developments › Operating EBT of € 185 million (PY: € 91 million); Q2 2020/21: € 103 million (PY: € 60 million) › ROCE: 11.9 % (PY: 7.5 %) ›
Slide 3: Very positive result due to use of market conditions
Very positive result due to use of market conditions Change 6M 6M vs. prior (operating IFRS) 2020/21 2019/20 year Revenues €m 7,519 6,013 25 % Gross profit €m 715 570 25 % EBITDA €m 280 169 66 % EBIT €m 188 95 98 % EBT €m 185 91 >100 % Consolidated net income €m 142 70 >100 % Operating ROCE (%) 11.9
Slide 4: Market conditions in Q2 2020/21: Very promising scrap markets, strong demand
Market conditions in Q2 2020/21: Very promising scrap markets, strong demand for copper products Trend in significant market prices and refining charges 180% 100 % = Sept. 2018 160% European refining charges for copper scrap no. 2 140% Copper price (settlement) 120% Sulfuric acid price (spot CFR Bra
Slide 5: Multimetal price development remains strong
Multimetal price development remains strong Trend in significant metal prices 250% 100 % = Oct. 2018 225% Palladium 200% Silver 175% Gold 150% Tin 125% Nickel 100% Zinc 75% 50% Dez 18 Dez 19 Dez 20 Sep 18 Sep 19 Sep 20 Mrz 19 Mrz 20 Mrz 21 Jun 19 May 2021 Jun 20
Slide 6: Key performance indicators provide room for future growth
Key performance indicators provide room for future growth 6M 6M 2020/21 2019/20 Target ROCE* % 11.9 7.5 15.0 Equity ratio % 46.1 55.8 > 40.0 (equity / total assets) Debt coverage** 0.3 0.3 < 3.0 6M 6M Additional KPIs 2020/21 2019/20 Capital expenditure €m 86 124 Capital employed €m 2,822 2,621 (bala
Slide 7: Segment MRP: Positive operating result due to good operating performance
Segment MRP: Positive operating result due to good operating performance and favorable market conditions Operating results for Segment Metal Refining & Processing (MRP) 6M 6M » Increased concentrate throughput, with weakened Segment MRP 2020/21 2019/20 market conditions for concentrates EBIT (in €m)
Slide 8: Segment FRP: Good recovery of product demand
Segment FRP: Good recovery of product demand Operating results for Segment Flat Rolled Products (FRP) 6M 6M » Good recovery of all customer segments of FRP Segment FRP 2020/21 2019/20 products EBIT (in €m) 3 0 » Second quarter production volumes in line with EBT (in €m) 3 -2 previous year ROCE* (%)
Slide 9: Market outlook for 2020/21
Market outlook for 2020/21 Copper We anticipate an increasing concentrate supply. concentrates Our smelters are well supplied until end of FY 2020/21. Recycling input We expect a very good supply for the rest of FY 2020/21. materials The smelter network is supplied with scrap materials beyond Q3 202
Slide 10: FY 2020/21 forecast
FY 2020/21 forecast We confirm our forecast range between € 270 million and € 330 million operating EBT and an operating ROCE between 9 % and 12 % for fiscal year 2020/21. Interval forecast Operating EBT Operating ROCE in € million in % Group 270 – 330 9 – 12 Segment MRP 300 – 380 11 – 17 Segment FR
Slide 11: Group Strategy Review Process
Group Strategy Review Process Focused strategy work on strategy operationalization 2030 The strategy work of 2017/18 New impulses from strategy continues to hold and still work incl. specific analyses provides a good framework for in 2019/20 (Factbases, strategy communication Analyses) Starting Poin
Slide 12: First Aurubis smelter awarded with the Copper Mark
First Aurubis smelter awarded with the Copper Mark » Aurubis Bulgaria is certified for meeting the Copper Mark’s requirements for responsible production practices. Valid initially until April 2024. » The Copper Mark launched for copper producers in March 2020 » Basis: UN SDGs & Risk Readiness Assess
Slide 13: European antitrust approval for joint venture with TSR/Remondis
European antitrust approval for joint venture with TSR/Remondis Closing the loop and developing cable recycling » 40 %/60 % JV with TSR/Remondis provides a secure outlet for TSR and a secure supply of granules for Aurubis » Processing of 30,000-40,000 t of cable recycling materials initially » Concl
Slide 14: Aurubis production processes are already significantly based on electricity
Aurubis production processes are already significantly based on electricity CO2 certificate price increase pushes electricity costs up Breakdown of energy costs in the Aurubis Group Electricity consumption and CO2 scopes (6M 2021/20) Electricity incl. oxygen » Total electricity consumption in the Au
Slide 15: Usage of hydrogen instead of natural gas – initial trial on industrial scale in Hamburg
Usage of hydrogen instead of natural gas – initial trial on industrial scale in Hamburg » Use of hydrogen as a reducing agent in the anode furnace » First trial on an industrial scale is planned to take place in June 2021 » Goal of exploring the increased efficiency of hydrogen in the reduction proc
Slide 16: Project update: Reduction of diffuse emissions (RDE)
Project update: Reduction of diffuse emissions (RDE) » Major investment in Hamburg of about € 100 million in suctioning devices and filter facilities » Expected reduction of more than 70 % in diffuse emissions May 2021
Slide 17: Additional investments at the Bulgarian site
Additional investments at the Bulgarian site Financial impact: › CAPEX: € 45 mill. (€ 8 mill. in FY 2019/20, € 37 mill. in FY 2020/21) › EBT effect: € 23 mill. › Concentrate throughput effect: 166,000 t Key data for the measure » Description: Several measures to improve capacity and reliability of s
Slide 18: Aurubis mitigates possible effects of COVID-19 on employees
Aurubis mitigates possible effects of COVID-19 on employees Employees » Strict hygiene measures have been implemented Group-wide » Coronavirus testing options are provided on plant grounds to mitigate risks for employees » Vaccination centers have already been established in the plants; once vaccine
Slide 19: VISION 2025 Metals for Progress
VISION Ps Passion for metallurgy 2025 VISION 2025 Metals. for progress VISION Together with you 2025 AAurubis Metals for Progress
Slide 20: Your IR Contacts
Your IR Contacts Angela Seidler Elke Brinkmann VP Investor Relations, Senior Manager Corporate Communications & +49 40 7883-2379 Sustainability e.brinkmann@aurubis.com Financial Calendar +49 40 7883-3178 a.seidler@aurubis.com » Q3 2020/21 August 5, 2021 » Annual Report 2020/21 December 3, 2021 Ferdi
Slide 21: Scheduled shutdowns in the next years
Scheduled shutdowns in the next 3 years Status: November 2020 FY 2020/21 FY 2021/22 FY 2022/23 Hamburg › Anode furnace › Smelter maintenance June 2021 May/June 2022 EBT effect approx. € 6 million EBT effect approx. € 25 million Pirdop › Smelter maintenance › Smelter maintenance Aug./Sept. 2021 › Aug
Slide 22: Aurubis at a glance
Aurubis at a glance Company highlights » Based in Hamburg, Aurubis AG develops its leading market position with a responsible approach to the environment, people, and resources » The company’s main expertise is in optimally processing concentrates and recycling raw materials with complex qualities »
Slide 23: Primary copper production process
Primary copper production process Sulfuric acid plant Off-gas cleaning Copper scrap Copper concentrates Copper matte Blister copper (64 % Cu) (98 % Cu) Flash smelter Converter Anode furnace Copper Nickel sulfate (99.5 % Cu) Anode Cathode Anode slime Anode casting wheel Tankhouse Precious metal refin
Slide 24: 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