Viohalco Sa/nv · ATHEX:VIO
Viohalco Sa/nv — FY2023 Earnings Presentation
25 slides from Viohalco Sa/nv's earnings presentation, March 2024
Slide 1: Financial Results FY2023
CREATING SUSTAINABLE GROWTH FINANCIAL RESULTS FY2023
Slide 2: Resilient performance and lower leverage amidst challenging markets
Resilient performance and lower leverage amidst challenging markets Responding to demand fluctuations through a flexible business model and diversified portfolio Significant growth in Increase in the The aluminium segment The steel segment was Continued effort to adapt Positive performance of the re
Slide 3: Financial Results Consolidated
Financial Results Consolidated Revenue (EUR million) 6,986 6,302 Consolidated revenue amounted to EUR 6.3 billion compared to EUR 5,375 6.9 billion in FY 2022 due to lower volumes and decline in metal 4,198 3,850 prices. 2019 2020 2021 2022 2023 a-EBITDA (EUR million) Consolidated operating profitab
Slide 4: Viohalco's divisions
Viohalco’s divisions Industrial division Real estate division Revenue: Revenue: € 6,264 m € 38 m a-EBITDA: a-EBITDA: € 519 m € 18 m Aluminium Copper Cables Steel Pipes Steel Revenue: Revenue: Revenue: Revenue: Revenue: € 1,887 m € 1,721 m € 991 m € 580 m € 1,014 m a-EBITDA: a-EBITDA: a-EBITDA: a-EBI
Slide 5: Financial Results Industrial division
Financial Results Industrial division Revenue per segment (EUR million) Revenue (EUR million) Revenue of the industrial division 6,955 amounted to EUR 6,264 million. Steel Cables 1,014 m 991 m 6,264 Aluminium Copper Steel pipes Other Activities, Other 1,887 m 1,721 m 580 m Activities, 2022 2023 69 m
Slide 6: Industrial division operating performance a-EBITDA
Financial Results Industrial division FY 2023 Operating performance: a-EBITDA (EUR thousand) Aluminium Copper Cables Steel pipes Steel Other @ 153€m @ 107€m @ 152€m @ 66€m @ 42€m @ -1 €m -70 m|-31% +32m|+43% +42m|+38% +41m|+164% -154m|-79% -8m|-114% € 636m € 519m Financial Presentation | 6
Slide 7: Industrial division capex and net debt
Financial Results Industrial division The industrial division’s capital expenditure for the period amounted to EUR 281 million Net debt decreased significantly to EUR 1,720 million (FY 2022: EUR 317 million), mainly attributable to new production equipment in the (31 December 2022: EUR 1,923 million
Slide 8: Industrial division FY 2023 Capex
Financial Results Industrial division FY 2023 Capex (EUR thousand) Aluminium Copper Steel Steel pipes Cables Other @ 69€m @ 27€m @ 41€m @ 17€m @ 121€m @ 5€m -119 m|-63% +11m|+68% +12m|+40% +10m|+125% +50m|-70% +1m|+11% € 317m € 281 m Financial Presentation | 8
Slide 9: Industrial division FY 2023 Net debt
Financial Results Industrial division FY 2023 Net debt (EUR thousand) Aluminium Copper Steel Steel pipes Cables Other @ 613€m @ 256€m @ 482€m @ 73€m @ 313€m @ -17€m -127 m|-17% -35m|-12% +12m|+2% -30m|-29% -22m|-7% -1m|+6% € 1,923 m € 1,720 m Financial Presentation | 9
Slide 10: Aluminium segment
01 Aluminium segment at a glance
Slide 11: Aluminium segment at a glance
Revenue (EUR million) 2,313 Aluminium segment 1,678 1,887 at a glance 1,319 1,168 • Aluminium segment revenue decreased by 18% in FY23 and recorded a decrease in the a- EBITDA, mostly attributable to a negative performance of the aluminium subsidiary Bridgnorth Aluminium in the UK and softened deman
Slide 12: Copper segment
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Slide 13: Copper segment at a glance
Revenue (EUR million) 1,811 1,721 1,564 Copper segment 1,037 1,066 at a glance • Robust operational profitability (a-EBITDA) recorded for the period thanks to improved product mix and the strong performance of Sofia Med along with increased conversion 2019 2020 2021 2022 2023 prices and scrap utiliz
Slide 14: Cables segment
“03 Cables segment at a glance
Slide 15: Cables segment at a glance
Revenue (EUR million) 991 895 757 Cables segment 568 569 at a glance • Strong revenue growth of 11% seen driven largely by the projects’ business, while profit before tax increased by 15% y-o-y to EUR 73 million in 2023 vs EUR 64 million in the previous year. 2019 2020 2021 2022 2023 • Solid demand
Slide 16: Steel pipes segment
04 Steel p ipes segment at a glance
Slide 17: Steel pipes segment at a glance
Revenue (EUR million) 580 457 Steel pipes segment 376 305 at a glance 225 • 2023 was a strong year for the steel pipes segment with revenue up 27% on last year and improved profitability driven by high-capacity utilization, as well as major new project awards. 2019 2020 2021 2022 2023 • The market f
Slide 18: Steel segment
05 Steel segment at a glance
Slide 19: Steel segment at a glance
Revenue (EUR million) Steel segment 1,068 1,392 at a glance 816 678 1,014 • Steel segment revenue fell to EUR 1,014 million in vs. EUR 1,392 in 2022 as a result of subdued demand in the EU construction sector driven by high inflation, increased interest rates and heightened imports of steel products
Slide 20: Real estate division
06 Real estate division at a glance
Slide 21: Real estate division at a glance
Revenue (EUR million) 38 Real estate division 30 at a glance 19 11 10 • Revenue for the real estate division up to EUR 38 million, (2022: EUR 30million) with profit before income tax at EUR 11 million. • 17.4% year-on-year increase in the fair value of its investment portfolio to EUR 571.2 million,
Slide 22: Outlook
Outlook The rising demand for innovative and sustainable packaging solutions, energy-efficient infrastructure and shifts in the automotive industry, combined with ongoing efforts to enhance operational efficiency, will continue to bolster Viohalco companies’ competitiveness Viohalco’s diversified po
Slide 23: Financial Calendar
Financial Calendar Friday, Thursday, Tuesday, Tuesday, June Wednesday, Thursday, Tuesday, Friday, March 8, 2024 April 4, 2024 May 28, 2024 25 , 2024 June 26, 2024 June 27, 2024 September 19, September 20, 2024 2024 Financial results Publication of Ordinary * Ex-Dividend Dividend Dividend payment Hal
Slide 24: Disclaimer
Disclaimer. The information contained in this corporate presentation (CP) has been prepared by Viohalco S.A. (the Company). Forward Looking Statements It is based on historical financial data and other information already publicly disclosed by the Company. It also Certain statements in the CP are fo
Slide 25: www.viohalco.com
www.viohalco.com