Acerinox Sa · BME:ACX

Acerinox Sa — Q3 2024 Earnings Presentation

13 slides from Acerinox Sa's earnings presentation, Oct 29, 2024

  1. Slide 1: Q3 2024 Results Presentation

    1 < Q3 2024 Results Presentation October 29, 2024

  2. Slide 2: Disclaimer

    Q3 2024 RESULTS PRESENTATION 2 Disclaimer This document may contain forward-looking information and statements about ACERINOX, S.A., its subsidiaries and/or its management, including but not limited to financial projections and estimates and their underlying assumptions, and statements regarding the

  3. Slide 3: Q3 2024 at a glance

    Q3 2024 RESULTS PRESENTATION 3 Q3 2024 at a glance Q3 EBITDA of €114 million, despite challenging market conditions Operating cash flow in Q3 of €-63 million (€+203 million in 9M), driven by operating working capital (OWC) build of €122 million (€38 million in 9M) Agreement to sell Bahru Stainless fo

  4. Slide 4: Contribution to circular economy and sustainable development

    208 Q3 2024 RESULTS PRESENTATION 4 Contribution to circular economy and sustainable development 2030 sustainability targets (*) 360º Positive Impact Plan Eco-efficiency and Engaged team, Most significant sustainability climate change culture, diversity, and safety initiatives in Q3 2024 mitigation GHG

  5. Slide 5: Acerinox strategy: Control the Controllables

    Q3 2024 RESULTS PRESENTATION 5 Acerinox strategy Control the Controllables In the midst of adversity, we not only endure but thrive Acerinox Europa Haynes Acquisition Bahru Stainless Acerinox S.A. has signed an Milestones Finally, the Group has signed a Purchase agreement for the agreement to sell i

  6. Slide 6: Q3 2024: Market highlights

    Q3 2024 RESULTS PRESENTATION 6 Q3 2024: Market highlights Metric tons STAINLESS STEEL Sept. manufacturing PMI: 47.2, sixth consecutive month of contraction Apparent demand of flat products down 1% in 2024 through August USA Inventories below historical average Imports of flat products market share: 28

  7. Slide 7: Q3 2024: Consolidated group highlights

    Q3 2024 RESULTS PRESENTATION 7 Q3 2024: Consolidated group highlights CONSOLIDATED RESULTS Q3 Q2 Q3 9M 9M % Q3 24/ % 9M 24/ Million EUR 2024 2024 2023 2024 2023 Q3 23 9M 23 Melting production 491 405 440 1,357 1,460 12% -7% Solid results in very (thousands of metric tons) challenging markets Net Sal

  8. Slide 8: Q3 2024: Stainless steel highlights

    Q3 2024 RESULTS PRESENTATION 8 Q3 2024: Stainless steel highlights Million EUR Q3 Q2 Q3 9M 9M % Q3 24/ % 9M 24/ 2024 2024 2023 2024 2023 Q3 23 9M 23 Melting production 473 384 423 1,297 1,402 12% -7% Weak demand (thousands of metric tons) Stable base prices in Q3 Net sales 1,001 993 1,183 3,103 4,02

  9. Slide 9: Q3 2024: High-performance-alloys highlights

    Q3 2024 RESULTS PRESENTATION 9 Q3 2024: High-performance-alloys highlights Million EUR Q3 Q2 Q3 9M 9M % Q3 24/ % 9M 24/ 2024 2024 2023 2024 2023 Q3 23 9M 23 Melting production 18 20 17 60 58 5% 4% Stable order book (thousands of metric tons) Net sales 312 311 380 1,001 1,072 -18% -7% Net sales impac

  10. Slide 10: Capital allocation

    Q3 2024 RESULTS PRESENTATION 10 Capital allocation Q3 Million EUR Q3 NFD increase of €261 million driven by: €122 million in OWC €77 million in dividends 9M €71 million in conversion differences Million EUR 9M Operating cash flow: €203 million CAPEX: €126 million Dividend payment:€154 million ACERINO

  11. Slide 11: Conclusions & Outlook

    Q3 2024 RESULTS PRESENTATION 1111 Conclusions & Outlook 01 02 03 Conclusions Acerinox obtained Temporary increase in Shareholder return: a resilient EBITDA net financial debt, due to €0.62 per share in 2024 in 9M 2024: €350 million Acerinox Europa ramp up (7% dividend yield as of today) 04 05 06 Outl

  12. Slide 12: Alternative Performance Measures

    Q3 2024 RESULTS PRESENTATION 12 Alternative Performance Measures (Definitions) Beyond Excellence: Plan to improve Acerinox’s operational excellence and competitiveness through specific objectives for its pillars. OWC (Operating working capital): Inventories + Trade receivables – Trade payables Net cas

  13. Slide 13: Q&A Q3 2024 Results Presentation

    13 < Q&A Q3 2024 Results Presentation October 29, 2024

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