21 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's earnings presentation
Slide 1: FY23 Financial Results
HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A. FY 47& ELVALHALCOR
Slide 2: Financial Highlights
Financial Highlights. 01 02 03 04 05 Demand Robust Increased Slowdown of Drop in Net remains operational Interest costs investments Debt due subdued across profitability were partially following the to lower most markets. with a-EBITDA offset by the completion of working capital Increased at EUR 239
Slide 3: Macroeconomic Charts: LME Prices
Macroeconomic Charts. LME Prices Global demand for metals is affecting prices. Cu €/tn Al €/tn 10,000 4,000 8,000 3,000 6,000 2,000 4,000 1,000 3
Slide 4: Macroeconomic Charts: TTF - Gas
Macroeconomic Charts. TTF - Gas Improved supply, lower consumption. Europe’s NG reserves full. €/MWh 300.00 250.00 200.00 150.00 100.00 50.00 0.00 TFF daily prices Source:Companyinformation. 4
Slide 5: Macroeconomic Charts: Inflation and Interest Rates
Macroeconomic Charts. Inflation rates Interest rates Inflation decreasing but still at levels over central banks’ targets Rising interest rates to mitigate the increased inflation rates. % % 12 7 10 6 8 5 4 6 3 4 2 1 2 0 0 -1 EU USA Euribor 3M USD Libor 3M Source:Companyinformation. 5
Slide 6: Consolidated Cost Analysis
Consolidated Slight decrease in Energy costs excluding Al, Cu, Zn Cost Analysis. and other metals costs. Source:Companyinformation. 6
Slide 7: Sales evolution per quarter
Sales evolution per quarter. Source:Companyinformation. 7
Slide 8: a-EBITDA evolution per quarter
a-EBITDA evolution per quarter. Aluminium a-EBITDA (m€) Copper a-EBITDA (m€) Source:Companyinformation. 8
Slide 9: a-EBITDA evolution per ton
a-EBITDA evolution per ton. 1. Source: Financial Statementsand Company information. 9
Slide 10: IVA per ton evolution
IVA per ton evolution. Source:Companyinformation. 10
Slide 11: Revenue of Core Products by Market
Revenue of Core Products by Market. Al Aluminium Revenue Breakdown (12Μ’23) Cu Copper Revenue Breakdown (12M’23) By Market (% of tons) By Market (% of tons) HVAC&R Building & Construction Transportation Other Industrial 6% 14% 8% Markets 2% Energy & Power Networks 1% Energy & Power Industrial Transp
Slide 12: Revenue of Core Products per Geographical Segment
Revenue of Core Products per Geographical Segment. Al Revenue breakdown (12M’23) Cu Revenue breakdown (12Μ’23) By Geographical Segment (% of €) By Geographical Segment (% of €) America Greece America Greece 11% 7% 4% 5% UK Africa & Oceania Asia 4% 1% 5% Africa & Oceania Other Europe Other Europe 3%
Slide 13: Consolidated Key Figures
Resilient operating profitability. Consolidated Key Figures. Accounting metal result turns negative. Increased financial costs. Volumes (kTn) Revenue (€m) EBITDA (€m) -11.3% +5.3% -3.7% +28.8% +51.5% -45.9% 3,714 326 3,293 1. Adjusted for aluminium and copper price fluctuations and other non recurri
Slide 14: Consolidated Key Figures
Consolidated Key Figures. Resilient operating profitability. Accounting metal result turns negative. Increased financial costs. EBIT (€m) a - EBIT (€m) -17.5% +74.4% 257 201 -59.8% +104.5% 1. Adjusted for aluminium and copper price fluctuations and other non recurring items. 166 157 147 200 94 99 10
Slide 15: Deviation analysis on the Consolidated Profit before taxes
Deviation analysis on the Lower volumes and spread between Consolidated Profit before taxes. scrap and primary prices, downtrend in metal prices. Amounts in €m Increased costs, lower spread between scrap and primary prices, partially offset by improved mix. From accounting Increased metal profit ->
Slide 16: Analysis on the Consolidated Cash Flows
Analysis on the Strong Profitability and successfulmanagement of working Consolidated Cash Flows. capital paves the way for further reduction of debt. Amounts in €m Improved working capital management, lower metal prices. Slowdown of investments Robust Repayment operational of variable-rate profitab
Slide 17: Evolution of the Consolidated Working Capital and Net Debt
Evolution of the Consolidated Working Capital and Net Debt. Consolidated Net Debt Breakdown (€m) Amounts in €m Working +3.3% ~ 20% ~ 21% ~ 19% Capital % 31.12.2021 of Sales 956 31.12.2022 787 813 31.12.2023 784 Source: Company information and Annual Financial Statements 673 702 -21% 862 785 206 207
Slide 18: Debt Maturity
Debt Maturity. Well positioned to meet the challenges. 58% of the loans on a fixed rate. Partially hedged Majority of Debt is from the potential increase of interest rates. on Long-term tenure. 7% Fixed through Fixed Rate IRS use 39% 11% Short term 19% Current portion of long term Long term Variable
Slide 19: Capex Evolution
Capex Slowing down Evolution. Investments. -45% Copper 172 164 Αluminium 12 20 Source: Annual Financial Statements and Company information. 145 15 116 22 95 92 160 26 34 144 130 94 69 58 €m 2018 2019 2020 2021 2022 2023 Capex Evolution. 19
Slide 20: Disclaimer
Disclaimer. The information contained in this corporate presentation (CP) has been prepared by ElvalHalcor S.A. (the Company). It is Forward Looking Statements based on historical financial data and other information already publicly disclosed by the Company. It also includes Certain statements in t
Slide 21: www.elvalhalcor.com
www.elvalhalcor.com