Metlen Energy & Metals Plc · LSE:MTLN
Metlen Energy & Metals — Investor Presentation (June 2026)
28 slides from Metlen Energy & Metals's investor presentation, June 2026
Slide 1: Corporate Presentation
Corporate Presentation June 2026
Slide 2: Disclaimer
Disclaimer Accordingly, reliance should not be placed on any of the industry, market or competitive position data contained in this presentation. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness o
Slide 3: Disclaimer: Forward Looking Statements
Disclaimer Forward Looking Statements Certain statements in the presentation are forward-looking. These statements are not historical facts and may be Statements contained in this presentation regarding past trends or activities should not be taken as a representation that such identified by words s
Slide 4: Introduction to METLEN
01 Introduction to METLEN
Slide 5: METLEN at a Glance
METLEN at a Glance A leading industrial company with internationally diverse activities in Energy & Metals, operating via FY2025 a unique synergetic business model Revenue €7,107m EBITDA €753m METLEN has been admitted to the LSE at the beginning of August 2025 and joined the FTSE 100 Index since Sep
Slide 6: Consistent Value Growth
Consistent Value Growth Robust Value Creation Sourced Mainly from Organic Growth METLEN PLC: Dividend Distribution €/Share 46 52 50 52 58 165 214 214 143 Since August 2025, is a dual-listed 1.8 7.0% stock (London & Athens) 1.6 6.1% 1.55 1.53 6.0% 1.4 4.9% 1.24 …which, in Sept. 2025, entered the 1.2
Slide 7: METLEN's Credit Profile
METLEN’s Credit Profile 7,000 Mid Yield to Maturity 6,000 5,000 €500m €750m €500m €600 4.4% 4.1% 2030 Notes 2031 Notes 4,000 2026 Notes 2029 Notes 3.8% Listed on Listed on “Green” Bond “Green” Bond 3,000 ATHEX LuxSE 2.9% 2,000 Maturity 30 Oct. 2026 17 Oct. 2029 10 Jul. 2030 26 Μay 2031 1,000 0 Coupo
Slide 8: Diversified Metals & Energy platform with Powerful Synergies
Diversified Metals & Energy platform with Powerful Synergies Infrastructure & Concessions 13% 2025 Energy Metals 57% 30% METLEN has successfully created a diversified business across all segments with global presence CAGR (2019 – 2025): c.16% pa 1,080 1,014 822 753 359 313 315 2019 2020 2021 2022 20
Slide 9: Financial Policies Discipline
Financial Policies Discipline Leverage Ratio Executing on a clearly defined trajectory toward investment-grade credit ratings 3.7 bn Leverage Liquidity Ratio Consistent and Disciplined Financial Risk Approach to Capital Allocation FX / rates Operating Cashflow Financial Capital RIsk Allocation CAPEX
Slide 10: Big THREE
Our Journey Continues with… the Big THREE Transformation that is Expected to Result in €2bn EBITDA in the Medium Term Big THREE Business People Strengthen Exploit our Leverage Enhance our our Core know-how our capabilities operating model in Energy and Metals by to expand in Critical Raw in Infrastr
Slide 11: We remain confident in reaching our medium-term targets
We remain confident in reaching our medium-term targets EBITDA FY2025 EBITDA Medium Term (€M)(1,2) Market needs (€M)(2) Renewables, Storage & Energy 86 Green energy, grid ~520 Transition Platform expansion, data centers Fully Integrated Resilience to energy 357 ~590 Energy Utility price volatility I
Slide 12: A synergetic powerhouse: Multiplying value through integration
A synergetic powerhouse: Multiplying value through integration The Metals Pillar – Vertical Integration & Cost Leadership Synergetic Loop The Energy Pillar – Efficiency and Flexible Assets Energy to Metals: “Smelter as a battery” Metals to Energy: Price Insulation Stable Smelters act as demand-side
Slide 13: Optimized Asset Base with Low and Competitive Cost Structure
Optimized Asset Base with Low and Competitive Cost Structure One of the lowest cost producers of Aluminium and Alumina, globally 1th Quartile 2th Quartile 3th Quartile 4th Quartile 2500.0 Q4 25 Q4 25 Q4 25 Q4 25 2024 Protergia assumed 50th percentile METLEN Aluminium: Global smelter Aluminium smelte
Slide 14: Market overview – Middle East tensions driving market volatility
Market overview – Middle East tensions driving market volatility Rising aluminium premia accelerated by Iran conflict Aluminium price rises vs API as supply risks increase Key Highlights (USD/t) Price change since December 2024 6,000 1,350 Aluminium Vs Alumina Price • METLEN has fully hedged its alu
Slide 15: Financial Overview
02 Financial Overview
Slide 16: Key Highlights - Financial Results FY 2025
Key Highlights - Financial Results FY 2025 Revenue EBITDA Earnings Per Share €7,107m €753m €2.20 +25.1% (30.2)% (50.6)% (FY24: €5,683m) (FY24: €1,080m) (FY24: €4.46) Liquidity* 2025 Proposed Dividend Net Leverage Ratio* €3.7bn €143m - €1/Sh. 3.1x +6% (30)% (FY24: €3.5bn) (FY24: €206.4m /€1.5 Per Sha
Slide 17: Strong revenue performance amid earnings pressure
Strong revenue performance amid earnings pressure Key Highlights (Amounts in €m) FY25 FY24 ∆ • Revenue increased by 25% to €7,107m, Revenue 7,107 5,683 25% primarily fueled by a record RES performance EBITDA 753 1,080 (30%) • EBITDA stood at €753m, down around 30% compared with 2024, materially affe
Slide 18: Key Operational Highlights 2025
Key Operational Highlights 2025 Thermal Capacity 2025 2025 2025 Electricity Supply RES in Operation & mature Capacity Greek Power Production c.2.0GW c.6.4GW market share the most efficient 9.7TWh 21.4% thermal fleet in Greece …with total portfolio reaching ...18.8% of total Greek demand …vs. 18.2% i
Slide 19: Energy – Renewables, Storage & Energy Transition Platform (M-RESET)
Energy – Renewables, Storage & Energy Transition Platform (M-RESET) Key Highlights Revenue EBITDA Margin FY25 FY24 ∆ FY25 FY24 ∆ FY25 FY24 • Revenue rose by 26.2% YoY to €2,274m, supported by M-RESET 2,274 1,802 26.2% 86 388 (77.8)% 3.8% 21.5% METLEN’s robust Asset Rotation model performance Total 2
Slide 20: Energy – Fully Integrated Energy Utility
Energy – Fully Integrated Energy Utility Key Highlights Revenue EBITDA Margin FY25 FY24 ∆ FY25 FY24 ∆ FY25 FY24 Fully Integrated Energy Utility 3,911 3,305 18.3% 357 365 (2.3)% 9.1% 11.0% Total 3,911 3,305 18.3% 357 365 (2.3)% 9.1% 11.0% • EBITDA stood at €357m, down 2% YoY, reflecting the impact of
Slide 21: Metals
Metals Key Highlights Revenue EBITDA Margin FY25 FY24 ∆ FY25 FY24 ∆ FY25 FY24 Integrated Aluminium Value Chain 852 821 3.8% 206 286 (28.0)% 24.2% 34.8% • Metals EBITDA stood at €225m, down 24% versus - of which Alumina 206 198 4.1% 79 87 (9.2)% 38.2% 43.9% 2024, driven primarily by higher energy cos
Slide 22: Infrastructure & Concessions
Infrastructure & Concessions Revenue EBITDA Margin FY25 FY24 ∆ FY25 FY24 ∆ FY25 FY24 Key Highlights Infrastructure & Concessions 567 254 123.2% 100 50 100.1% 17.6% 19.7% Total 567 254 123.2% 100 50 100.1% 17.6% 19.7% • Infrastructure & Concessions recorded turnover and EBITDA of €567m and €100m resp
Slide 23: ESG Performance
03 ESG Performance
Slide 24: Performance overview
Performance overview ESG Performance ESG Distinctions Key Scale ✓ METLEN joined, for the 3rd time the LEADERS group of FY 2024 FY 2025 Y-Y ESG Raters (high – low) the MSCI ESG Ratings Index, achieving an excellent ESG performance of “AA”. 100 - 0 66 76 ✓ METLEN is the only Greek-based company, selec
Slide 25: Appendix
04 Appendix
Slide 26: Financial discipline ensures growth & resilience through the cycle
Financial discipline ensures growth & resilience through the cycle Revenue grew across all divisions, particularly strongly at Energy Net debt (€mm): 390 421 535 803 716 1,453* 1,766* 2,102* 1,200 1,051 1,080 3.5 1,014 Maintenance 1,000 capex: 3.1* 3 c.€137m p.a. level. 823 801 2.2 715 753 2.5 800 6
Slide 27: Energy Sector at a glance
Energy Sector at a glance METLEN’s RES platform and hedged Greek utility drive profitability growth Global RES Portfolio MW In Operation 1.301 As of end 2025, METLEN’s mature and operational portfolio, reached 6.4GW marking a dynamic increase of 32% compared to 2024. Australia 527 The company’s glob
Slide 28: Thank you
Thank you
Metlen Energy & Metals — Investor Presentation (June 2026) on 6ix