Slide 1: Interim Report First 6 Months 2021/22
Interim Report First 6 Months 2021/22 Analyst Conference Call on May 10, 2022
Slide 2: Executive summary of first 6 months 2021/22
Executive summary of first 6 months 2021/22 Ongoing strong market conditions and good performance led to very strong half year results of FY 2021/22 Operating EBT ROCE 6M 2021/22 of Increased forecast range of € 500–600 million op. EBT for FY 2021/22 € 345 million 19.5 % (PY: 11. 9 %) (PY: € 185 mil
Slide 3: Aurubis achieves strong half-year results
Aurubis achieves strong half-year results 6M 6M Change vs. (operating IFRS) 2021/22 2020/21 prior year Revenues €m 9,262 7,519 23 % Gross profit €m 871 715 22 % EBITDA €m 440 280 57 % EBIT €m 346 188 84 % EBT €m 345 185 86 % Consolidated net income €m 268 142 89 % Operating ROCE (%) 19.5 11.91 - (op
Slide 4: Market conditions in YTD 2021/22: Strong industrial metals and sulfuric acid markets
Market conditions in YTD 2021/22: Strong industrial metals and sulfuric acid markets Trend in significant market prices and refining charges 300% 100 % = Sept. 2018 250% Sulfuric acid price (spot CFR Brazil) Copper price (settlement) 200% Copper premium 150% Exchange rate (US$/€) 100% European refin
Slide 5: Gross margin split 2021/22 YTD
Gross margin split 2021/22 YTD Breakdown of income components in the Aurubis Group 6M 2021/22 YTD (YTD prior-year figures) New financial disclosure serves as a reference point 28 % (34 %) for transparently reporting on key income Treatment charges 41 % (37 %) components on group and segment level fo
Slide 6: Energy costs in the context of total Group costs
Energy costs in the context of total Group costs Overview of cost/expense positions 6M 2021/22 YTD (YTD prior-year figures) 11 % (12 %) Depreciation and amortization 32 % (36 %) Personnel costs 12 % (11 %) Consumables ~ € 884 million* 12 % (11 %) (~ € 796 million*) External services 17 % (18 %) 17 %
Slide 7: Significant increase in Energy prices
Significant increase in Energy prices Electricity consumption and CO2 scopes Breakdown of energy costs in the Aurubis Group 6M 2021/22 YTD (YTD prior-year figures) 75 % (79 %) Electricity incl. oxygen consumption in the Electricity Aurubis Group: approx. 1.94 TWh (2021)* incl. oxygen 21 % (15 %) Nat
Slide 8: Aurubis with ongoing strong financials
Aurubis with ongoing strong financials 6M 6M 2021/22 2020/21 Target ROCE1 % 19.5 11.9 15.0 Equity ratio % 47.7 46.1 > 40.0 (equity / total assets) Debt coverage2 -0.3 0.3 < 3.0 6M 6M Additional KPIs 2021/22 2020/21 Capital expenditure €m 120 86 Capital employed €m 2,743 2,822 (balance sheet date) Ne
Slide 9: Multimetal Recycling segment
Multimetal Recycling segment Breakdown of income components in MMR segment 6M 2021/22 YTD (YTD prior-year figures) 6M 6M Operating results 2021/22 2020/21 42 % (50 %) Refining Charges 54 % (46 %) EBIT €m 149 99 Metal gains for recycling input EBT €m 148 98 ROCE1 % 45.6 16.8 Quantities Other recyclin
Slide 10: Custom Smelting & Products segment
Custom Smelting & Products segment Breakdown of income components in CSP segment 6M 2021/22 YTD (YTD prior-year figures) 6M 6M Operating results 2021/22 2020/21 EBIT €m 228 120 44 % (40 %) EBT €m 229 119 34 % (33 %) Premiums + Metal gains Products ROCE1 % 12.7 12.7 Quantities Concentrates mt 1,314 1
Slide 11: Market outlook for 2021/22
Market outlook for 2021/22 We anticipate an increasing concentrate supply from the mine side, supported by new Copper greenfield projects as well as extension of brownfield operations. concentrates Our smelters are well supplied beyond the end of Q3 2021/22. We expect a stable supply of copper scrap
Slide 12: FY 2021/22 forecast – update on April 21, 2022
FY 2021/22 forecast – update on April 21, 2022 Our forecast range EBT between Operating OperatingROCE € 500 – € 600 million between 17 % and 21 % Operating EBT Operating ROCE in € million in % Multimetal Recycling 200 – 260 23 – 27 Custom Smelting & 350 – 410 17 – 21 Products Aurubis Conference Call
Slide 13: Aurubis is currently only marginally affected by the Ukraine war
Aurubis is currently only marginally affected by the Ukraine war Task force and active crisis management on board and management level is implemented Very low exposure to Russian & Ukrainian business partners Supply Production Demand Input material supply is − Increased energy costs across the group
Slide 14: Renowned ratings show strong track record in sustainability
Renowned ratings show strong track record in sustainability Aurubis’ main sustainability ratings & initiatives * * Copyrights in the back-up Score B (2021) * * Copyrights in the back-up Aurubis Conference Call Q2 2021/22 14
Slide 15: Bleed treatment Olen Beerse (BOB) - Increase of nickel capabilities
Bleed treatment Olen Beerse (BOB) - Increase of nickel capabilities BOB Aurubis Conference Call Q2 2021/22 15
Slide 16: Bleed treatment Olen Beerse (BOB)
Bleed treatment Olen Beerse(BOB) Secure Strengthen EBITDA p.a. Core Business Core Business Investment ~ 15 million ~ € 70 million Aurubis is strengthening its core business and investing € 70 million in the Aurubis site in (at full production) Olen to increase recycling capacity of the important ind
Slide 17: Start of test operation in pilot for battery recycling in Hamburg
Start of test operation in pilot for battery recycling in Hamburg Battery recycling Aurubis Conference Call Q2 2021/22 17
Slide 18: Richmond - Update
Richmond - Update Aurubis Richmond Aurubis Conference Call Q2 2021/22 18
Slide 19: Thank you for your participation.
Thank you for your participation. For further questions, contact: IR@aurubis.com
Slide 20: 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 21: Financial calendar
Financial calendar − Q3 2021/22 August 5, 2022 − Annual Report 2021/22 December 7, 2022 Aurubis Conference Call Q2 2021/22
Slide 22: Aurubis at a glance
Based in Hamburg, Aurubis AG The company’s main expertise Aurubis develops its leading market is in optimally processing at a glance position with a responsible approach to the environment, concentrates and recycling raw materials with people, and resources complex qualities The company, which was f
Slide 23: 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 24: 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 in FY 2021/22 − 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
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