30 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's investor presentation, 2024
Slide 1: Beyond Metals Shaping Tomorrow: 2024 Corporate Presentation
Beyond Metals Shaping Tomorrow 2024 Corporate Presentation HELLENIC FUND AND ASSET MANAGEMENT ASSOCIATION
Slide 2: Table of Contents
Table of Contents 03 08 21 ElvalHalcor Financials Megatrends at a glance Highlights 2
Slide 3: ElvalHalcor at a Glance: Corporate Structure Overview
ElvalHalcor at a Glance. Corporate Structure Other Overview. Participations 93% 28% (2024) Other Shareholders Al segment 15.2% 84.8% Cu segment 100% 100% 89% 100% 100% 100% 49% 75% 91% 50% 50% (1) (1) (1) 1. UACJ ElvalHalcor, HC Isitma and NedZink are JVs 3
Slide 4: A powerful sector of the Greek economy
A powerful sector of the Greek economy. Our financial and social footprint in Greece is significant according to an impact study conducted by IOBE (2023 data)*. €2.3 billion €1.25 billion 7.4% 55.5% €730 million production value in 2023 annual total impact of of the country’s total total exports of
Slide 5: Sustainability Strategy
Sustainability Committed Strategy to sustainable growth. A comprehensive strategy with the aim of the integrated management of all environmental, social and governance risks. Strategic pillars Εnergy Carbon Health Supply transition footprint and Safety chain Progressive Short and 5-year plan for Res
Slide 6: Sustainable Operation
Sustainable Track record highlighting Operation actions for continuous improvement in material issues. Aluminium State of the art Online monitoring and Copper industrial and control of recycling wastewater environmental for low carbon products treatment for the parameters Oinofyta plants Recovery of
Slide 7: Empowering Our People
Empowering Our people Our people are the key to our success. Our people and partners’ We empower our people A rewarding work environment Continuous, ongoing training health and safety is our (improving leadership skills and based on equal opportunities for and employee development priority and prima
Slide 8: Financials Highlights
Financials Highlights.
Slide 9: Financial Highlights
Financial Highlights 01 02 03 04 Increased sales volumes from Resilient Operational Drop in Net Debt Dividend proposed Aluminium segment despite profitability by 170 EUR million boosted by 0.09 EUR / share subdued demand across most (a-EBITDA) stood at EUR the strong operating cash flows markets. 23
Slide 10: International Focus
International Focus. Highly extrovert business model with solid presence in more than 90 countries around the globe and revenues generated abroad representing over. Greece 5% Other EU 64% 95% of total turnover Other Europe (non EU) 9% Production facilities United Kingdom 8% America 9% Asia 3% Group
Slide 11: Macroeconomic Charts
Macroeconomic Charts LME Prices TTF - Gas Prices remained in higher levels than 2023. Gas prices remained at the same level compared prior year. LME 4.500 TTF Natural Gas (EUR/MWh) 10.000 250,00 4.000 9.000 200,00 3.500 8.000 CU €/tn 3.000 150,00 AL €/tn 7.000 2.500 100,00 6.000 2.000 5.000 50,00 1.
Slide 12: a-EBITDA evolution per ton
a-EBITDA evolution per ton By segment (EUR/ tons) AL -28,8% 523 -9,9% 372 335 2022 2023 2024 CU 57,0% 5,6% 547 578 349 2022 2023 2024 1. Source: Company information and Financial Statements 12
Slide 13: Sales volume of Core Products by Market
Sales volume of Core Products by Market Al Aluminium Breakdown (FY’24) Copper Breakdown (FY’24) Cu By Market (% of tons) By Market (% of tons) Transportation Other Industrial Markets HVAC&R Building & Construction 5% 2% 14% 8% Energy & Power Networks Industrial Applications 1% 28% 12% Transportation
Slide 14: Revenue of Core Products per Geographical Segment
Revenue of Core Products per Geographical Segment Al Revenue breakdown (FY’24) Revenue breakdown (FY’24) Cu By Geographical Segment (% of €) By Geographical Segment (% of €) Αfrica & Oceania Greece Αfrica & Oceania Greece 95% 94% Americas outside Greece Americas outside Greece 6% 5% Asia 11% 1% Asia
Slide 15: Consolidated Key Figures: Resilient profitability and sales volumes
Consolidated Resilient profitability and sales volumes. Al Cu Key Figures Accounting metal result turning positive. Volumes (kTn) Revenue (€m) EBITDA (€m) -3.7% +4.3% -11.3% +4.4% -45.9% 585 3,714 582 561 3,438 326 3,293 +37.6% 1,927 243 1,624 1,731 392 414 1. Adjusted for aluminium and copper price
Slide 16: Consolidated Key Figures: Reduced financial costs
Consolidated Key Figures. Reduced financial costs. Al Cu EBIT (€m) a - EBIT (€m) -59.8% -17.5% 257 201 +3.2% +71.3% 166 171 177 200 157 92 1. Adjusted for aluminium and copper price fluctuations and other non recurring items. 94 103 94 46 83 72 79 57 57 44 2022 2023 2024 2022 2023 2024 Source: Compa
Slide 17: Deviation analysis on the Consolidated Profit before taxes
Although increased sales volume, lower conversion Deviation analysis on the prices and sales mix affected profitability. Consolidated Profit before taxes Accounting metal result turns to positive. Amounts in €m Positively 54 126 Decrease of net affected +7M€ debt by the revised (-170 M€ y-ο-y) assum
Slide 18: Analysis on the Consolidated Cash Flows
Analysis on the Profitability and successful management of working capital paves the way for Consolidated Cash Flows further reduction of debt. Amounts in €m Improved due Resilient to successful Slowdown of profitability. management investments of working capital Repayment of long- term loans 243 12
Slide 19: Evolution of the Consolidated Working Capital & Net Debt
Evolution of the Consolidated Working Capital & Net Debt Improved Net Debt and Working Capital from 31.12.2023. The majority of the Debt is on long-term Working Capital % of Sales tenure Short term bank loans ~ 21% 31.12.2022 ~ 19% ~ 16% Current portion of long term 31.12.2023 Long term -21% 31.12.2
Slide 20: Capex Evolution
Capex Slowing down Evolution Investments. Cu Al 172 Source: Annual Financial Statements and Company information. 164 12 €m 20 145 15 420 116 22 95 92 160 26 75 34 144 130 24 38 94 69 58 51 2018 2019 2020 2021 2022 2023 2024 20
Slide 21: Megatrends. Shaping tomorrow
Megatrends. Shaping tomorrow
Slide 22: Matching the Megatrends
Matching the Megatrends. Enabling the transition Packaging. Automotive. to climate neutrality. Building & Construction. Contributing Accelerating Achieving to a circular towards a low- energy efficiency economy carbon future and safety
Slide 23: Megatrends. Enablers
Megatrends. Enablers. Enabling the transition to climate neutrality. Circular Transition Urbanization Technological economy to net zero • Sustainable and advancements • Low carbon and • Electrification smart buildings • Industry 4.0 recyclable products • Power storage • Energy efficiency in • Digita
Slide 24: Products. Megatrends
Products. Megatrends. Aluminium segments’s products & solutions • End of life recycling, mainly for the • Sheets and coils for beverage cans, food • Anodized or coated profiles for bicycle rims packaging, building and transportation containers, closure caps and aerosol valves. Foil for • Mill finish
Slide 25: Overview of Growth Drivers
Overview Global effort for reduction of plastic pollution is leading of Growth drivers. to increased demand for fully recyclable materials like aluminium and copper. Aluminium and Copper are 100% recyclable without loss of properties, making each of them a very sustainable material of choice for the
Slide 26: Overview of Growth Drivers
Overview of Global effort for reduction of plastic pollution leads to increased demand Growth Drivers for fully recyclable materials like aluminium and copper. 26
Slide 27: e-mobility. Cu-Alu
e-mobility. Cu-Alu Copper and aluminium demand will be substantially impacted by the growing market for electric vehicles (EVs) over the next decade. Copper is used in electric motors, batteries, inverters, wiring and in charging stations. Battery boxes are strong drivers for aluminum. Copper conten
Slide 28: Strategic Priorities
Strategic Priorities. Capitalizing on market trends and own strengths to accelerate EBITDA growth. Situation overview / Actions Situation overview / Actions • Aluminium FRP plant operated near full capacity, which was Increase Installed Capacity (‘000tn)(1) up to 375 thousand tons, before the instal
Slide 29: Disclaimer
Disclaimer The information contained in this corporate presentation (CP) has been prepared by ElvalHalcor 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
Slide 30: : alvalha heaokien
: alvalha heaokien