Metlen Energy & Metals Plc · LSE:MTLN
Metlen Energy & Metals — Mytilineos — Shareholder Meeting (June 2022)
26 slides from Metlen Energy & Metals's shareholder meeting presentation, Jun 2, 2022
Slide 1: Annual General Meeting 2022
Annual General Meeting 2022 MYTILINEOS 02.06.22
Slide 2: AGM Agenda
AGM Agenda 1. Submission and approval of the annual and consolidated financial statements for the financial year 01.01.2021 - 31.12.2021, of the relevant Board of Directors’ and Statutory Auditor’s reports, and of the Statement of Corporate Governance. 2. Approval of the appropriation of the results
Slide 3: Activities of the independent non-executive directors of the Board
Activities of the independent non - executive directors of the Board • 5 Non-Executive Director meetings held in 2021 - addressing critical issues and opportunities • Continuous Board member interaction in-between Board meetings • Two Board Effectiveness Exercises completed facilitated externally •
Slide 4: Key Financial Highlights
Key Financial Highlights Record-high performance in all key metrics EPS EBITDA 4Q 21 EBITDA ESG €1.19/sh €359m €118m Combined ESG score: 31% ΥοΥ 14% YoY 46% YoY 21% YoY First step towards delivering our long- Record-High Profitability 4Q performance, annualized, indicates “Top ESG Performer” by term
Slide 5: Business Units Key Operational Highlights
Business Units Key Operational Highlights 2021 Thermal & RES Capacity P&G BU RES capacity RES BOT portfolio capacity Power Production 5.6 TWh c.2.3 GW c.1.7 GW c.5.0 GW 5 producing & late-stage c.1.5GW PV and c.0.2GW Wind 10.7% of country’s needs Excluding 25 BESS* projects Mature Pipeline & Operati
Slide 6: Key Developments 2021
Key Developments 2021 Financials ESG • 2.25% coupon on its inaugural Green bond of €500m, due • Committed to reduce total direct and indirect CO2 emissions 2026. Proceeds will be used to finance eligible Green projects by >30% by 2030, and achieve net zero target by 2050 • MYTILINEOS becomes the fir
Slide 7: MYTILINEOS’ energy portfolio
MYTILINEOS’ energy portfolio GREECE ABROAD 1,2 GW capacity of c.254 MW capacity of Renewables gas-fired thermal plants in operation in operation and under construction Total capacity of the RSD Business Unit’s international 444 MW Gas-fired Combined Cycle Thermal • Consisting of Wind Parks, Solar Fa
Slide 8: Financial & Business Overview
Financial & Business Overview 8
Slide 9: New Record-high share price – Improved stock’s liquidity
New Record-high share price – Improved stock’s liquidity Consistently outperforming the market since corporate restructure in 2017* Among the most liquid stocks in the Athens Stock exchange 20.00 € 8.9% 18.00 € +170% 8.20 16.00 € 4.3% 4.5% 4.3% 14.00 € 3.5% 12.00 € 2.4% 1.2% 2.85 2.96 2.40 2.25 10.0
Slide 10: 2021 Financial Results
2021 Financial Results Last 6-months trend signals new level of profitability (amounts in mn. €) 2021 2020 Δ% Typical EBITDA New level of profile pre-2021 profitability post- 130 Turnover 2,664 1,899 40% 2021 117 EBITDA 359 315 14% 89 EATam 162 129 26% 81 81 81 75 86 EPS (€) 1.193 0.913 31% 65 Margi
Slide 11: Highly Successful Industrial Group with Diversified Business Mix
Highly Successful Industrial Group with Diversified Business Mix Ensuring Growth and Resilience Through the Cycle EBITDA evolution per Business Unit (€m) Record-profitability in 2021 driven by P&G and Metallurgy despite global CAGR (2016 – 2021): >10% pa SES & RSD RSD energy crisis and Covid-Pandemi
Slide 12: Power & Gas
Power & Gas Highlights Largest private integrated • Top performing power generation assets in Greece with capacity of thermal and RES exceeding Power and Gas utility in 2.3 GW, following the commercial commissioning of the new 826MW CCGT plant in Q3 2022 Greece • High efficiency of MYTILINEOS’ plant
Slide 13: Metallurgy
Metallurgy Highlights Among the lowest-cost • Metallurgy Business Unit had a strong performance in 2021, recording the largest cumulative producers of aluminium production of primary and recycled Aluminium and Alumina and alumina globally • 3M LME prices increased by c.44% in 2021 to multiyear high
Slide 14: Renewables & Storage Development
Renewables & Storage Development Highlights Well-positioned to benefit • Build-Operate-Transfer (BOT) projects was RSD’s main contributor of the 2021 financial from the acceleration of performance Global Energy transition • Concluded 2 major BOT project sales of 89MW & 100MW in Romania and Spain res
Slide 15: Sustainable Engineering Solutions
Sustainable Engineering Solutions Highlights Focus on projects that • 2021 has marked the restart of the Sustainable Engineering Solutions Business Unit, which promote the goals of returned to profitability Energy Transition and Sustainable • SES BU provides solutions to address national and global
Slide 16: Corporate Governance & ESG
CORPORATE GOVERNANCE & ESG 1 6 16
Slide 17: Corporate Governance Highlights
Corporate Governance Highlights • UK Corporate Governance Code Compliance increased to 75% “Corporate governance sets the framework for • 64 % board independence MYTILINEOS’ strategy and objectives. An operating framework set on our DNA and not just a trend. The • 27% gender diversity practices we h
Slide 18: Our new 3-layer Sustainable Development framework
Our new 3-layer Sustainable Development framework We create long-term and sustainable value for our Stakeholders, contributing to the Sustainable Development Goals and the respective national priorities 1 Climate Change: We are participating effectively in the efforts to tackle climate change and in
Slide 19: Ambitious targets of CO2 reduction & achieve Net Zero by 2050
Ambitious targets of CO2 reduction & achieve Net Zero by 2050 Our targets are aligned with the Goals 7 & 13 of the SDGs, established by United Nations for the 2015-2030 horizon. 19
Slide 20: Main CO2 reduction target evolution
Main CO2 reduction target evolution Total CO2 emissions (Scope 1 & 2) (kt CO2e) 5,000 -3,9%↓ -12,4%↓ 4,639 4,459 4,000 4,064 -30%↓ 3,000 Target Year Base Year 2,000 1,000 Net-Zero emissions 0 2019 2020 2021 2030 2050 20
Slide 21: International recognition by important ESG Rating agencies
International recognition by important ESG Rating agencies MYTILINEOS is included MYTILINEOS received MYTILINEOS won in the list of the highest score in the category "Environment", the Gold Award “Industry Top Rated Companies” while maintaining in 2021 the corresponding for its ESG/Sustainability pr
Slide 22: Overall ESG Performance
Overall ESG Performance ESG Raters Thematic Raters Scale Scale Raters 2020 2021 Year on Year Raters 2020 2021 Year on Year (best to worst) (best to worst) >=10 - 100 30 22.4 A - D- - C Climate Change 1 - 10 2.3 1.3 A - D- B B Water Security A+ - D- B + A- 100 - 0 38 48 100 - 0 58 58 100 - 0 62 66 10
Slide 23: MYTILINEOS Socioeconomic Impact Study in Greece
3 MYTILINEOS Socioeconomic Impact Study in Greece rd (year 2021) HOW WE SUPPORT THE GREEK ECONOMY HOW WE SUPPORT THE GREEK EMPLOYMENT We contribute We support €2.16 €245.8 26,216 billion million direct, indirect & in total value in tax revenues induced jobs added, to the (direct, indirect & across t
Slide 24: Key ESG indicators
Key ESG indicators CO2 NOx, SOx Electricity production Revenue from Total absolute emissions 2021 Total emissions 2021 from RES sustainable activities Environment (Scope 1 & 2) KPIs 55% -12.4% Compared to the 2019 level -12% Compared to the 2019 level +43.9% Compared to the 2019 level Percentage of
Slide 25: Contact Information
Contact Information Dimitris Katralis MYTILINEOS S.A. IR Officer 8 Artemidos Str. T: +30 210 6877 476 15125 Maroussi Athens F: +30 210 6877 400 Greece E: dimitrios.katralis@mytilineos.gr T: +30 210 6877 300 F: +30 210 6877 400 25
Slide 26: www.mytilineos.gr
MYTILINEOS www. mytilineos.gr