Slide 1: Quarterly Report First 9 Months 2020/21
Quarterly Report First 9 Months 2020/21 Analyst Conference Call on August 5, 2021
Slide 2: Executive summary for first 9 months of 2020/21
Executive summary for first 9 months of 2020/21 Quarterly Report » First 9 months closed with a very good result due to stable ongoing operating performance and stable market developments › Operating EBT of € 268 million (PY: € 133 million); Q3 2020/21: € 83 million (PY: € 42 million) › ROCE: 13.5 %
Slide 3: Very successful result by making use of positive market factors
Very successful result by making use of positive market factors Change 9M 9M vs. prior (operating IFRS) 2020/21 2019/20 year Revenues €m 12,180 8,896 37 % Gross profit €m 1,057 848 25 % EBITDA €m 415 254 63 % EBIT €m 275 139 98 % EBT €m 268 133 >100 % Consolidated net income €m 205 103 99 % Operatin
Slide 4: Increase in CO2 and coal prices weighs on electricity costs
Increase in CO2 and coal prices weighs on electricity costs Breakdown of energy costs in the Aurubis Group Electricity consumption and CO2 scopes (9M 2021/20) Electricity » Secondary energy consumption in the Aurubis incl. oxygen Group: approx. 1.98 million MWh (2020) 82 % » CO2 emissions of 1.58 mi
Slide 5: Market conditions in Q3 2020/21: Very promising scrap markets, strong demand
Market conditions in Q3 2020/21: Very promising scrap markets, strong demand for copper products and sulfuric acid Trend in significant market prices and refining charges 200% 100 % = Sept. 2018 180% European refining charges for copper scrap no. 2 160% Copper price (settlement) 140% Sulfuric acid p
Slide 6: Multimetal price development remains strong
Multimetal price development remains strong Trend in significant metal prices 300% 100 % = Oct. 2018 275% 250% Palladium 225% Silver 200% 175% Gold 150% Nickel 125% 100% Zinc 75% 50% Dez 18 Dez 19 Dez 20 Sep 18 Sep 19 Sep 20 Mrz 19 Mrz 20 Mrz 21 Jun 19 Jun 20 Jun 21 Aug-21 6
Slide 7: Key performance indicators provide room for future growth
Key performance indicators provide room for future growth 9M 9M 2020/21 2019/20 Target ROCE* % 13.5 8.5 15.0 Equity ratio % 44.4 48.5 > 40.0 (equity / total assets) Debt coverage** 0.0 0.6 < 3.0 9M 9M Additional KPIs 2020/21 2019/20 Capital expenditure €m 137 163 Capital employed €m 2,734 2,857 (bal
Slide 8: Segment MRP: Positive operating result due to good operating performance
Segment MRP: Positive operating result due to good operating performance and leveraging favorable market conditions Operating results for Segment Metal Refining & Processing (MRP) 9M 9M1 Segment MRP 2020/21 2019/20 EBIT (in €m) 311 190 » Scrap markets show significantly higher RCs for EBT (in €m) 30
Slide 9: Segment FRP: Very good recovery of product demand
Segment FRP: Very good recovery of product demand Operating results for Segment Flat Rolled Products (FRP) 9M 9M Segment FRP 2020/21 2019/20 EBIT (in €m) 9 0 » Strong ongoing demand from all customer segments of FRP products EBT (in €m) 10 0 » Third quarter production volumes well above ROCE1 (%) 4.
Slide 10: FRP: Aurubis Stolberg GmbH & Co. KG declares force majeure
FRP: Aurubis Stolberg GmbH & Co. KG declares force majeure » On July 14, 2021, production at Aurubis Stolberg had to be stopped due to severe weather impacts » The plant was evacuated and no employees were injured » The initial damage assessment clearly indicates significant effects on the plant » A
Slide 11: Market outlook for 2020/21
Market outlook for 2020/21 Copper We anticipate an increasing concentrate supply. concentrates Our smelters are well supplied until the end of FY 2020/21. Recycling input We expect a stable supply for the rest of FY 2020/21. materials The smelter network is supplied with scrap until the end of FY 20
Slide 12: FY 2020/21 forecast confirmed
FY 2020/21 forecast confirmed We confirm our forecast range between € 270 million and € 330 million operating EBT and an operating ROCE between 9 % and 12 % for fiscal year 2020/21. Interval forecast Operating EBT Operating ROCE in € million in % Group 270 – 330 9 – 12 Segment MRP 300 – 380 11 – 17
Slide 13: Aurubis committed to the SBTi and set ambitious targets
Aurubis committed to the SBTi and set ambitious targets in line with the Paris climate agreement Aurubis CO2 reduction targets 2030* Scope 1+2 Scope 3 » SBTi is an international initiative by the CDP, the World Wide Fund for -50 % -24 % Nature, the UN Global Compact, and the World Resource Institute
Slide 14: Aurubis takes a further step towards decarbonization in Bulgaria
Aurubis takes a further step towards decarbonization in Bulgaria » Start of construction for largest in-house PV plant (10 MW) in Pirdop, Bulgaria » Green energy goal for Bulgarian site: covering 20 % of energy needs with own renewable sources by 2030 » Once in place, the PV plant will optimize the
Slide 15: Aurubis achieves significant reduction of Copper Carbon Footprint
Aurubis achieves significant reduction of Copper Carbon Footprint Aurubis Copper Carbon Footprint in kg CO2 eq./t Cu -25 % 2300 » Update of the Life Cycle Assessment (LCA) shows a reduction of around 25 % of the CO2 emissions related to our copper cathodes at 1690 Group level » Calculation includes
Slide 16: Aurubis ranked 1st (MDAX) in Union Investment Corporate Governance Study
Aurubis ranked 1st (MDAX) in Union Investment Corporate Governance Study 2020/21 » Aurubis ranked 1st (MDAX) in Union Investment’s 2020/21 corporate governance ranking, with 138 of 150 possible points » Aurubis went up four spots compared to the previous year » Aurubis keeps pace with the DAX compan
Slide 17: Growth through integration of Beerse into smelter network
Growth through integration of Beerse into smelter network ASPA: Advanced Sludge Processing by Aurubis › CAPEX: € 27 mill. (cash flow-financed) › Expected EBITDA contribution: high single-digit million € amount once in full production › Production start: in FY 2024/25 » Aurubis is strengthening its c
Slide 18: Reminder: Additional investments at the Bulgarian site
Reminder: Additional investments at the Bulgarian site Financial impact: › CAPEX: € 45 mill. (€ 8 mill. in FY 2019/20, € 37 mill. in FY 2020/21) › EBT effect: € 23 mill. › Concentrate throughput effect: 166,000 t Key data for the measure » Description: Several measures to improve capacity and reliab
Slide 19: Group Strategy Review Process: Starting Point
Capital Market Day: December 6/7, 2021 in Beerse (Belgium) Group Strategy Review Process Focused strategy work on strategy operationalization The strategy work of 2017/18 New impulses from 2030 continues to hold and still strategy work incl. specific provides a good framework analyses in 2019/20 for
Slide 20: VISION 2025 Metals for Progress
VISION Ps Passion for metallurgy 2025 VISION 2025 Metals. for progress VISION Together with you 2025 AAurubis Metals for Progress
Slide 21: Your IR Contacts / Financial Calendar
Your IR Contacts Angela Seidler Elke Brinkmann VP Investor Relations, Head of Investor Relations Corporate Communications & +49 40 7883-2379 Sustainability e.brinkmann@aurubis.com Financial Calendar +49 40 7883-3178 a.seidler@aurubis.com » Annual Report 2020/21 December 3, 2021 » Capital Market Day
Slide 22: Scheduled shutdowns in the next 3 years
Scheduled shutdowns in the next 3 years Status: June 2021 FY 2020/21 FY 2021/22 FY 2022/23 Hamburg › Anode furnace › Smelter maintenance June 2021 May/June 2022 EBT effect approx. € 6 million EBT effect approx. € 25 million Pirdop › Smelter maintenance › Smelter maintenance Aug./Sept. 2021 › Aug./Se
Slide 23: Aurubis at a glance
Aurubis at a glance Company highlights » Based in Hamburg, Aurubis AG develops its leading market position with a responsible approach to the environment, people, and resources » The company’s main expertise is in optimally processing concentrates and recycling raw materials with complex qualities »
Slide 24: Primary copper production process
Primary copper production process Sulfuric acid plant Off-gas cleaning Copper scrap Copper concentrates Copper matte Blister copper (64 % Cu) (98 % Cu) Flash smelter Converter Anode furnace Copper Nickel sulfate (99.5 % Cu) Anode Cathode Anode slime Anode casting wheel Tankhouse Precious metal refin
Slide 25: 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