Acerinox Sa · BME:ACX

Acerinox Sa — Q1 2023 Earnings Presentation

12 slides from Acerinox Sa's earnings presentation, 2023

  1. Slide 1: Q1 2023 Results presentation

    1 Q1 2023 Results presentation

  2. Slide 2: Disclaimer

    2 Disclaimer This document may contain forward-looking information and statements about ACERINOX, S.A., its subsidiaries and/or its management. These forward-looking statements include financial projections and estimates and their underlying assumptions, and statements regarding the intent, belief or

  3. Slide 3: Q1 2023 at a Glance

    Q1 2023 Results Presentation 3 Q1 2023 at a Glance Q1 EBITDA (226 million EUR) clearly better than Q4, even though market conditions remained challenging in Europe Solid strategy: control the controllables and focus on our sustainability commitments Outlook: Q2 EBITDA slightly higher than Q1 ACERINO

  4. Slide 4: Strong Contributor to the Circular Economy

    Q1 2023 Results Presentation Strong Contributor to the Circular Economy 4 Key ESG Targets - Acerinox establishes 6 sustainability targets with a vision to 2030 associated with the pillars of the 360º Positive Impact Plan. - The Group seeks to reduce, reuse and recycle the resources used as possible

  5. Slide 5: Q1 2023: The Trough Is Behind Us

    Q1 2023 Results Presentation 5 Q1 2023: The Trough Is Behind Us MARKET HIGHLIGHTS CONSOLIDATED RESULTS % Q1 23 / % Q1 23 / Million EUR Q1 2023 Q1 2022 Q4 2022 Q1 22 Q4 22 STAINLESS STEEL Melting production 534 668 397 -20% 34% Destocking process in the market (thousands of metric tons) Energy prices

  6. Slide 6: Q1 2023: The Trough Is Behind Us

    Q1 2023 Results Presentation 6 Q1 2023: The Trough Is Behind Us Quarterly EBITDA Million EUR

  7. Slide 7: Stainless Steel Highlights

    Q1 2023 Results Presentation 7 Stainless Steel Highlights % Q1 23 / % Q1 23 / Million EUR Q1 2023 Q1 2022 Q4 2022 Q1 22 Q4 22 Melting production (thousands of 515 646 379 -20% 36% metric tons) Net sales 1,476 2,006 1,351 -26% 9% Robust EBITDA of 197 million EUR, with 13% margin EBITDA 197 398 70 -51

  8. Slide 8: High-Performance Alloys Highlights

    Q1 2023 Results Presentation 8 High-Performance Alloys Highlights % Q1 23 / % Q1 23 / Million EUR Q1 2023 Q1 2022 Q4 2022 Q1 22 Q4 22 Melting production 19 22 19 -13% +2% (thousands of metric tons) Strong EBITDA contribution Net sales 305 281 341 9% -11% of 29 million EUR EBITDA 29 24 21 22% 38% EBI

  9. Slide 9: Focus on capital allocation

    Q1 2023 Results Presentation 9 Focus on capital allocation Million EUR Q1 We continue to make capital allocation decisions focused on what is best all around for the business and stakeholders Operating CF -19 million EUR in Q1 2023 Capital allocation: ● Q1 saw a -173 million EUR investment in OWC, m

  10. Slide 10: Conclusions & Outlook

    Q1 2023 Results Presentation 10 Conclusions & Outlook 01 02 03 The trough is behind us. Q1 Operating cash flow Uncertainties remain: saw a strong start to the (OCF) of -19 million EUR geopolitical tensions, energy year, even though market due to 173 million EUR prices, and inflation in most conditions

  11. Slide 11: ACERINOX 2020 RESULTS PRESENTATION

    11 ACERINOX 2020 RESULTS PRESENTATION

  12. Slide 12: Q&A

    12 Q&A

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