Slide 1: Quarterly Report First 3 Months 2021/22
Quarterly Report First 3 Months 2021/22 Analyst Conference Call on February 7, 2022
Slide 2: Executive summary of first 3 months 2021/22
Executive summary of first 3 months 2021/22 Positive market conditions and outstanding performance led to very strong Q1 of FY Operating EBT ROCE Q1 2021/22 of Increased forecast range of € 400–500 million op. EBT for FY 2021/22 € 152 million 16.6 % (PY: 9.6 %) (PY: € 82 million) Significantly highe
Slide 3: Aurubis achieves very strong quarterly result and increases forecast range for FY 2021/22
Aurubis achieves very strong quarterly result and increases forecast range for FY 2021/22 3M 3M Change vs. (operating IFRS) 2021/22 2020/21 prior year Revenues €m 4,406 3,463 27 % Gross profit €m 407 334 22 % EBITDA €m 198 131 51 % EBIT €m 151 85 78 % EBT €m 152 82 85 % Consolidated net income €m 11
Slide 4: Market conditions in Q1 2021/22: Strong industrial metals and sulfuric acid markets
Market conditions in Q1 2021/22: Strong industrial metals and sulfuric acid markets with substantially increased prices Trend in significant market prices and refining charges 100 % = Sept. 2019 450% Sulfuric acid price 400% (spot CFR Brazil) 350% Copper price (settlement) 300% Exchange rate (US$/€)
Slide 5: Energy costs in the context of total Group costs
Energy costs in the context of total Group costs Additional overview of cost/expense positions 11 % Depreciation and amortization 33 % Personnel costs 12 % Consumables Q1 2021/22 12 % ~ € 419 million* External services 17 % 15 % Other operating Energy costs expenses Q1 20/21 ~ € 376 million* * Figur
Slide 6: Increase in CO2 and coal prices weighed on electricity costs in first quarter
Increase in CO2 and coal prices weighed on electricity costs in first quarter of FY 21/22 – hedging partially mitigated risk Electricity consumption and CO2 scopes Breakdown of energy costs in the Aurubis Group Electricity incl. oxygen consumption in the 75 % Electricity Aurubis Group: approx. 2.00
Slide 7: Financial stability provides room for future growth projects
Financial stability provides room for future growth projects 3M 3M 2021/22 2020/21 Target ROCE1 % 16.6 9.6 15.0 Equity ratio % 48.6 47.9 > 40.0 (equity / total assets) Debt coverage2 -0.4 0.9 < 3.0 3M 3M Additional KPIs 2021/22 2020/21 Capital expenditure €m 59 36 Capital employed €m 2,673 3,120 (ba
Slide 8: New segmentation
New segmentation Aurubis' international, integrated smelter network Multimetal Recycling Custom Smelting & Products Input − Scrap/blister − E-scrap − Concentrates materials − Slags/residues − Other recycling materials − Scrap/blister Products − Cu cathodes − Cu cathodes − Base metals − Strip, − Sulf
Slide 9: MMR segment: Excellent operating result due to stable operating performance
MMR segment: Excellent operating result due to stable operating performance, favorable complex recycling markets and base metals Operating results for Multimetal Recycling segment Stable operating performance from secondary 3M 3M production sites (Lünen, Olen, Beerse & Berango) 2021/22 2020/21 EBIT
Slide 10: CSP segment: Very strong operating performance, favorable sulfuric acid markets
CSP segment: Very strong operating performance, favorable sulfuric acid markets, and strong industrial metal gains Operating results for Custom Smelting & Products segment 3M 3M Strong operating performance at primary sites in 2021/22 2020/21 Hamburg and Pirdop, with significantly increased throughp
Slide 11: Market outlook for 2021/22
Market outlook for 2021/22 We anticipate an increasing concentrate supply from the mine side, incentivized by the Copper high copper price. concentrates Our smelters are well supplied beyond the end of Q2 2021/22. We expect a sufficient supply of copper scrap and a stable supply of complex recycling
Slide 12: EBT between € 400 million and € 500 million
FY 2021/22 forecast – update on January 19, 2022 Our forecast range OperatingEBT OperatingROCE between € 400 million between 15 % and 19 % and € 500 million Operating EBT Operating ROCE in € million in % Group 400 – 500 15 – 19 Multimetal Recycling 190 – 250 22 – 26 Custom Smelting & 280 – 340 14 –
Slide 13: Syndicated credit line: New financing with a link to sustainability performance
Syndicated credit line New financing with a link to sustainability performance Industry Leadership ESG-linked in Sustainability Loan conditions are syndicated credit tied to company’s line > € 350 million EcoVadis rating Aurubis signed a syndicated loan that is guided by the company’s ESG (environme
Slide 14: Annual General Meeting on February 17, 2022
Annual General Meeting on February 17, 2022 Aurubis dividend (in € per share) Virtual Annual General Meeting on February 17, 2022 1.55 1.60 The proposed dividend for shareholders 1.45 is € 1.60 per share 1.30 1.25 Link for the AGM: − www.aurubis.com/agm − www.aurubis.com/hauptversammlung 16/17 17/18
Slide 15: Thank you for your participation.
Thank you for your participation. For further questions, contact: IR@aurubis.com
Slide 16: Your IR Contacts
Your IR Contacts Angela Seidler Elke Brinkmann Ferdinand von Oertzen VP Investor Relations & Head of Investor Relations Specialist Investor Relations Corporate Communications +49 40 7883-2379 +49 40 7883-3179 +49 40 7883-3178 e.brinkmann@aurubis.com f.vonoertzen@aurubis.com a.seidler@aurubis.com Aur
Slide 17: Financial Calendar
Financial Calendar − AGM February 17, 2022 − Q2 2021/22 May 10, 2022 − Q3 2021/22 August 5, 2022 − Annual Report 2021/22 December 7, 2022 Aurubis Conference Call Q1 2021/22 17
Slide 18: Aurubis at a glance
Based in Hamburg, Aurubis AG The company’s main expertise Aurubis develops its leading market is in optimally processing position with a responsible concentrates and recycling at a glance approach to the environment, raw materials with people, and resources complex qualities The company, which was f
Slide 19: Scheduled shutdowns in the next 3 years
Scheduled shutdowns in the next 3 years EBT effect from scheduled shutdowns (in € million) Status: February 2022 FY 2021/22 FY 2022/23 FY 2023/24 Smelter May/ May/ maintenance ~28 ~25 June 2022 June 2024 Hamburg Smelter Aug./ ~16 maintenance Sept. 2023 Pirdop Anode Nov./ Nov./ Nov./ furnace ~10 ~9 ~
Slide 20: May/June 2022: Planned statutory shutdown at the Hamburg site
May/June 2022: Planned statutory shutdown at the Hamburg site Financial impacts − Capex: approx. € 59 million − EBT effect: approx. € 28 million Key facts − Description: overhaul of the waste heat boiler to comply with legal deadlines, replacement of two converter vessels, relining of anode furnace,
Slide 21: 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