Slide 1: Corporate Presentation 2021
CORPORATE PRESENTATION 2021
Slide 2: Viohalco at a glance
Viohalco at a glance Diversified metals processing leader providing a wide range of high quality innovative products and solutions tailored Sales to international across customers’ needs. the globe Sales across the globe Listed holding company 7 business Serving Investments 2021 Focused on 80+ years
Slide 3: Viohalco at a glance
Viohalco Revenue 2021 a-EBITDA 2021 EBT 2021 at a glance œ5.375 billion œ426 million œ276 million Aligned with European Green Deal principles through low carbon Sales revenue in EUR million operations and circular products. Product line supporting the transition to a climate neutral economy 5,375 4,
Slide 4: Segments
Segments Operating through distinct business segments, Viohalco companies provide high-quality, innovative products and solutions Segments to a diverse range of industries. Aluminium Copper Cables Steel pipes Steel Real estate Technology and R&D&I iohalco and Cenergy V Holdings are listed on the Eur
Slide 5: Markets
Markets Diversified portfolio of businesses serving dynamic markets, such as building and construction, packaging, transportation (automotive, shipbuilding & rail), energy networks (offshore energy, utilities & power grids, renewable energy, gas & liquid fuels), HVAC&R (heating, ventilation, air con
Slide 6: Matching the Megatrends
Matching the Megatrends Across all segments, the Viohalco companies offer products and solutions that closely align with current global sustainability megatrends 01. Megatrends Clean, Transition Urbanization Technological circular to climate advancements economy neutrality Low carbon and recyclable
Slide 7: Segments' offerings
02. Segments' offerings Aluminium Copper Cables Steel pipes Steel Real estate – Strong momentum for – Circular products – Increased use of – Business activity – Production of – Green and smart buildings sustainable packaging utilizing secondary underground cables towards energy highly circular, low
Slide 8: Production Base / Main plants and ports
Production Base / Main plants and ports Aluminium Oinofyta - Greece Oinofyta - Greece Mandra - Greece St. Thomas - Greece Bridgnorth - UK Sofia - Bulgaria Magoula - Greece Copper Oinofyta - Greece Oinofyta - Greece Oinofyta - Greece Sofia - Bulgaria Livadeia - Greece Ioannina - Greece Budel - Dorple
Slide 9: Aluminium
01 Aluminium Corporate Presentation | 9
Slide 10: Aluminium at a glance
Aluminium at a glance The aluminium segment companies manufacture a variety of aluminium rolling and extrusion products for a wide range of markets and applications. State of Leading 10 manufacturing Technologically More than the art position in plants across advanced 50 years' manufacturing Europe
Slide 11: Aluminium at a glance
Aluminium at a glance Revenue 2021 a-EBITDA 2021 Investments 2021 œ1.68 billion œ123 million œ166 million Sales revenue in EUR million Aluminium Stewardship Initiative (ASI) Performance Standard and Chain of Custody Standard certifications were achieved for 1,678 ElvalHalcor's aluminium rolling divi
Slide 12: Aluminium aligning with Megatrends
Aluminium aligning with Megatrends 01. Megatrends Clean, Transition Urbanization Technological circular to climate advancements economy neutrality Low carbon and Plastic Sustainable Energy Smart Electrification Power storage E-mobility efficiency in Digitalization Industry 4.0 recyclable products re
Slide 13: Segment's products & solutions facilitating the shift
02. Segment's products & solutions facilitating the shift heets and coils for beverage S Sheet, plates, coils and profiles Mill finish or coated sheets ig data, data mining and B cans, food containers, closure for marine applications and and profiles for building and cloud computing caps and aerosol
Slide 14: Aluminium / Main plants
Aluminium / Μain plants Flat rolled aluminium products and solutions A complete range of products and solutions in for the packaging, building and construction, coated aluminium for building envelope: sea, road and rail transportation, energy, Etalbond® Aluminium Composite Panel for façade industria
Slide 15: Aluminium / Markets and products
Aluminium / Markets and products Energy & power networks Packaging Building & construction Transportation luminium coils for the A heets and coils S Coated aluminium Aluminium shates and plates production of bus-ducts for beverage and products used for marine applications, trucks, in power plants an
Slide 16: Aluminium / Company: Elval
Aluminium / Company ALUMINIUM SEGMENT OF Flat rolled aluminium solutions, as individual Elval is the aluminium rolling division of as your needs ElvalHalcor. It manufactures and markets flat rolled aluminium solutions for a number of diverse Sales in more than applications. 60 countries Rolling expe
Slide 17: Aluminium / Company: Symetal
Aluminium / Company ALUMINIUM SEGMENT OF Tailor-made and innovative, Symetal has been involved in the production of a wide variety of aluminium foil products, mainly used in packaging solutions for the food, pharmaceutical high value-added aluminium and tobacco industries. With more than 40 years' e
Slide 18: Aluminium / Company: Elval Colour
Aluminium / Company ALUMINIUM SEGMENT OF Aluminium aesthetics Elval Colour is a leading European coated aluminium and composite panel manufacturer, that Sales produces and sells a full range of building enve- in more than durability & application lope products of superior quality using the latest te
Slide 19: Aluminium / Company: Bridgnorth Aluminium
Aluminium / Company ALUMINIUM SEGMENT OF 2 dedicated Bridgnorth Aluminium is a fully integrated Major producer of flat rolled aluminium coils with international all stages of production contained on one supply chains finishing lines site, the only facility of its kind in the UK. to blue chip end use
Slide 20: Aluminium / Company: Etem automotive
Aluminium / Company ALUMINIUM SEGMENT OF 20 years of leading experience Dedicated to quality and precision the company has over two decades experience in the Automotive sector supplying aluminium extruded products for numerus in the Automotive Market for applications, like Chassis, Body In White (Bi
Slide 21: Aluminium / Company: Etem architectural
Aluminium / Company ALUMINIUM SEGMENT OF Architectural aluminium Etem is one of the leading European companies for production of aluminium profiles for Architectural systems and different industrial systems for sustainable applications with worldwide exports and presence. Presence and energy efficie
Slide 22: Focus on: new 6-high aluminium cold rolling mill
Focus on... Elval's new milestone investment: A new 6-high aluminium cold rolling mill, currently under construction. 6-high aluminium cold rolling mill The mill to be commissioned by MINO S.p.A. The cold mill reinforces Elval's product Part of a EUR 100 million Advanced sensors and monitoring portf
Slide 23: Copper
02 Copper Corporate Presentation | 23
Slide 24: Copper at a glance
Copper at a glance The copper segment companies manufacture a variety of copper and copper alloy products for a wide range of markets and applications. Sales in 8 manufacturing Technologically More than State of the art more than 60 plants across advanced and 80 years' facilities countries 4 countri
Slide 25: Copper at a glance
Copper at a glance Revenue 2021 a-EBITDA 2021 Investments 2021 œ1.56 billion œ60 million œ15 million Sales revenue in EUR million Strong contribution to low carbon, circular economy by ElvalHalcor's copper segment with a 45% share of secondary raw 1,564 materials 1,066 1,066 1,037 941 One of its str
Slide 26: Copper aligning with megatrends
Copper aligning with megatrends 01. Megatrends Clean, Transition Urbanization Technological circular to climate advancements economy neutrality Low carbon and Plastic Reduction of plastic Electrification (RES) growth Green buildings Digitalization Operational excellence recyclable products replaceme
Slide 27: Segment's products & solutions facilitating the shift
02. Segment's products & solutions facilitating the shift Circular production model Copper and special alloys strips for Strips and foil for cable screening Use of live shop floor data automotive and e-mobility and high frequency cables for smart - MES High recycled content in raw Tubes for heat pum
Slide 28: Copper / Main plants
Copper / Μain plants Copper tubes plant Copper and aluminium enamelled wires (round Copper tubes with or without plastic coating and rectangular). or industrial insulation. Capacity: 8.500Tn/year Εnameled wires Capacity: Location: 3.500Tn/year Location: Tn Tn 80,000Tn/year Oinofyta - Greece Bare wir
Slide 29: Copper / Markets and products
Copper / Markets and products HVAC&R market Industrial applications Renewable energy Transportation opper tubes for C opper tubes for solar panel applications, C opper tubes C opper and C heat exchangers, powered vehicles, HVAC&R, heat exchangers for solar panel copper special heat pumps, Copper and
Slide 30: Copper / Company: Halcor
Copper / Company COPPER SEGMENT OF Leading supplier of top European Halcor is the largest producer of copper tubes in Europe, implementing long term investments that provide dynamic markets with a wide range of Sales in more HVAC&R manufacturers sustainable products and innovative solutions. With mo
Slide 31: Copper / Company: Sofia Med
Copper / Company COPPER SEGMENT OF Sales in Sofia Med produces a wide range of rolled and extruded copper and copper alloy products Sales in such as sheets, strips, plates, disks, rods, bare Europe, Middle East, and plated copper bus bars, rods, profiles, components, and wires used in a diverse rang
Slide 32: Focus on: Tailor made automation projects
Focus on... Automatic LWC Human- (Level Wound Coil) Robot loading-unloading Collaboration on Annealing Furnace The objective of the project are The scope of the project the design of a Human-Robot is the automation of LWC Collaboration system from scratch loading-unloading on capable of loading and
Slide 33: ElvalHalcor markets
ElvalHalcor is active in several dynamic and growing markets, including: ElvalHalcor is a leading global industrial producer of HVAC&R aluminium and copper, formed in December 2017 via the Food and Energy (heating, merger of Elval and Halcor. Shipbuilding beverage and power ventilation, air packagin
Slide 34: Cables
03 Cables Corporate Presentation | 34
Slide 35: Cables at a glance
Cables at a glance Established provider of innovative cable products, solutions and services World-class capabilities Annual Turnkey - Utilities and power grids Established 5 manufacturing in submarine cable capacity of solution - Construction and provider of plants across solutions. Amongst the 160
Slide 36: Cables at a glance
Cables at a glance Revenue 2021 a-EBITDA 2021 Investments 2021 œ757 million œ90 million œ35 million Sales revenue in EUR million 757 Product line enabling a decarbonized future with 50% of products contributing to the energy transition 569 568 475 408 Significant energy efficiency gains in the last
Slide 37: Cables aligning with megatrends
Cables aligning with megatrends 01. Megatrends Clean, circular Transition Technological economy to climate advancements neutrality Sustainable Low carbon and recyclable Electrification Green hydrogen (RES) growth Digitalization Smart grid packaging products Products with high recycled content E-mobi
Slide 38: Segment's products & solutions facilitating the shift
02. Segment's products & solutions facilitating the shift Use of secondary raw materials in Submarine and underground cable solutions FTTH cable solutions production and services Composite power/ fibre-optic cables - High and extra-high voltage, up to 500 kV Design of recyclable cables - Medium volt
Slide 39: Cables / Main plants
Cables / Μain plants Submarine cables Compounding and R&D&I Copper and aluminium rods, LV power cables, PVC, LSF and rubber compounds MV power cables, HV cables, fibre optic submarine cables, submarine MV cables, HV and EHV submarine cables up to 400kV Tn Capacity: Location: Oinofyta plant 24,000Tn/
Slide 40: Cables / Markets & products
Cables / Markets & products Energy transmission, Telecom & data Construction distribution & renewables transmission & industrial Power cables: LV, MV, HV and EHV Telecom network cables Signalling and control Submarine and land Optical fibre cables High temp, low sag, XLPE, EPR insulated Submarine op
Slide 41: Cables / Company: Hellenic Cables
Cables / Company CABLES SEGMENT OF Α complete Hellenic Cables constitutes the cables segment of Cenergy Holdings S.A., the holding company listed on both the Euronext range of turnkey Brussels and the Athens Stock Exchanges. Sales in more than solutions and The Company, which is the largest producer
Slide 42: Focus on: Crete-Peloponnese interconnection
Focus on... The project of Crete-Peloponnese interconnection. The record-breaking project. Peloponnese "We are very proud at Hellenic Cables that we managed to deliver quality work and technology at the highest standard for this record-breaking project ensuring at the same time long-lasting durabili
Slide 43: Steel pipes
04 Steel pipes © Balticconnector Corporate Presentation | 43
Slide 44: Steel pipes at a glance
Steel pipes at a glance Corinth Pipeworks is amongst the world leading steel pipe manufacturers for the energy and construction sector. More than World Long experience Energy transition State of the art Ready for the 50 years' class pipe with more than: enabler through facility energy shift experien
Slide 45: Steel pipes at a glance
Steel pipes at a glance Revenue 2021 a-EBITDA 2021 Investments 2021 œ225 million œ14 million œ 10 million Sales revenue in EUR million Significant energy efficiency gains in the last 10 years with 4% reduction of Scope 1&2 CO2 emissions 470 376 295 305 225 Landfill waste avoidance exceeding 99% Stro
Slide 46: Steel pipes aligning with megatrends
Steel pipes aligning with megatrends 01. Megatrends Clean, circular Transition Technological economy to climate advancements neutrality Circular economy Production responsibility CCS Green hydrogen Digitalization Operational excellence Corporate Presentation | 46
Slide 47: Segment's products & solutions facilitating the shift
02. Segment's products & solutions facilitating the shift Steel coils and plates being highly recycled Strong product portfolio enabling energy Implementation of integrated raw materials transition performance management systems U tilizing secondary materials in concrete F irst steel pipe manufactur
Slide 48: Steel pipes / Main plants, markets and products
Steel pipes / Main plants, markets and products Products: Steel pipes Markets: Gas and liquid fuels pipelines Hydrogen pipelines CO2 pipelines Construction Capacity: Location: Tn 925,000Tn/year Thisvi - Greece Gas and liquid fuels, Hydrogen and CO2 pipelines OCTG (drilling and extraction) Constructi
Slide 49: Steel pipes / Company: Corinth Pipeworks
Steel pipes / Company STEEL PIPES SEGMENT OF The one stop shop philosophy: With over half century's experience, Corinth Pipeworks has worked with major energy Unique companies across the globe on highly Integrated services, demanding projects. production range worldwide Coating, The Company's custom
Slide 50: Focus on: Technological superiority, hydrogen pipes
Focus on Technological superiority Energy Reduce carbon efficiency footprint The new era of green hydrogen from re- newable energy sources will lead to the utilization of gas pipe networks to trans- port a mixture of natural gas & hydrogen up to 100% hydrogen. Corinth Pipeworks is the first steel pi
Slide 51: Be part of the energy world: Cenergy Holdings
Cenergy Holdings S.A. invests in industrial Be part of the energy world companies at the forefront of high growth sectors, such as energy transportation, telecommunications and construction. Based in Belgium, the Company was founded in 2016 and is listed on Euronext Brussels and on the Athens Stock
Slide 52: Steel
05 Steel Corporate Presentation | 52
Slide 53: Steel at a glance
Steel at a glance The steel segment companies offer a broad range of value- added products and solutions for building and construction (including buildings, roadworks, metro stations, bridges, shopping malls and hydroelectric dam projects), mechanical engineering, shipbuilding, road and rail, the au
Slide 54: Steel at a glance
Steel at a glance Revenue 2021 a-EBITDA 2021 Investments 2021 œ1,068 million œ124 million œ27 million Sales revenue in EUR million Strong contribution to low carbon, circular economy with 1,068 98% of raw materials from secondary sources 917 816 765 678 Steel production waste recycling or recovery r
Slide 55: Steel aligning with megatrends
Steel aligning with megatrends 01. Megatrends Clean, circular Urbanization Technological economy advancements Low carbon and Products with high Operational recycled content Green buildings Digitalization Industry 4.0 recyclable products excellence Corporate Presentation | 55
Slide 56: Segment's products & solutions facilitating the shift
02. Segment's products & solutions facilitating the shift y-products and wastes recycling as raw B oncrete reinforcing steel and Sidefor C igitalization in steel process D materials for other industries prefabricated stirrup cages for high maintenance in robotics and buildings and constructions auto
Slide 57: Steel / Main plants
Steel / Μain plants Wire rod, SD concrete reinforcing steel (bars Billets, SD concrete reinforcing steel, SD rebars and coils), billets cut-to-length, SD spooled coils, SD wire mesh, SD stirrup reinforcing mesh, Sidefit special mesh, Sidefor and Sidefor Plus prefabricated stirrup cages Tn Capacity:
Slide 58: Steel / Markets and products
Steel / markets and products Building & Transportation, automotive construction & shipbuilding SD integrated concrete reinforcing system (concrete reinforcing Quarto plates, special bar quality steels (SBQs), wire steel, bars and coils, cut-to-length rebar, spooled coil, mesh, stirrup and welding co
Slide 59: Steel / Company: Sidenor
Steel / Company Long experience Sidenor is a leading producer of long steel products in South East Europe. Wire rod in multimodal logistics Sidenor's plant in Thessaloniki produces steel from recycled scrap, promoting the circular economy. The plant operates a digital steel scrap reception in standa
Slide 60: Steel / Company: Sovel
Steel / Company Sovel is a leading producer of long reinforcing steel products in South East Europe. Sovel's plant in Almyros, Central Greece produces State of the art facilities Own port facilities steel from recycled scrap, promoting the circular economy. Sovel manufactures long steel products via
Slide 61: Steel / Company: Stomana Industry
Steel / Company Major supplier Stomana Industry is a leading manufacturing company of flat and long steel products located in Bulgaria. Main markets: Central to the shipbuilding, Stomana plant in Pernik produces steel from recycled Europe, scrap and is among the few steel mills producing 100% of the
Slide 62: Steel / Company: Dojran Steel
Steel / Company Leading producer Dojran steel is a producer of long steel products via rolling process and downstream Wide range of products, of merchant bars products. Merchant bars, Dojran produces steel exclusively from billets rebar products in South East Europe from recycled ferrous scrap promo
Slide 63: Real estate
06 Real estate Corporate Presentation | 63
Slide 64: Real estate at a glance
Real estate at a glance Noval Property is the 2nd largest Greek REIC with its main footprint in Greece Offices, shopping 44 properties 2nd Largest Low leverage Strong tenant Diversified centre / retail park, (one, indirectly, Greek REIC capital mix and portfolio in Greece hospitality, industrial, th
Slide 65: Real estate at a glance
Real estate at a glance* Property portfolio GBA Investments 2021 fair value (31.12.2021) 453,000 sqm. œ12 million œ413 million GAV in EUR million 413 1st LEED PLATINUM project in Greece 299 365 using LEED v4 for "The Orbit" office complex 2019 2020 2021 * Figures refer to Noval Property Corporate Pr
Slide 66: Real estate aligning with megatrends
Real estate aligning with megatrends 01. Megatrends Clean, circular Urbanization Technological economy advancements Low carbon and Products with high Green Smart Energy efficiency Digitalization recyclable products recycled content buildings buildings in buildings Corporate Presentation | 66
Slide 67: Segment's products & solutions facilitating the shift
02. Segment's products & solutions facilitating the shift Properties with LEED certification onversion of former industrial assets into C rime office buildings with LEED and WELL P – "The Orbit" office complex logistics design and certification PLATINUM LEED – "The Butterfly" office building Resort
Slide 68: Real Estate / Company: Noval Property
Real Estate / Company 2nd largest Greek Noval Property is the 2nd largest Greek Real Estate Investment Company (REIC) in terms 413 EUR mill. of portfolio value. Real Estate Investment property portfolio value Company (REIC) Noval Property possesses a diversified mature and resilient portfolio of hig
Slide 69: Highlights
Highlights Real estate development expertise in the commercial, office and hospitality sectors Retail Hospitality Offices Main tenants IKEA Megastore Wyndham Grand Athens 5* Hotel ''The Butterfly'' office building River West Shopping Centre Wyndham Grand Athens 5* Hotel ''The Orbit'' office complex
Slide 70: Focus on: River West expansion
Focus on... RIVER WEST EXPANSION Following 10 years of successful operation River West shopping centre reached highest levels Location: Total GBA: of footfall and 100% occupancy. Noval Property invested in schemes’ expansion, in order to 96-98-100 Kifissos Ave. Aigaleo 24.500 sqm secure its dominant
Slide 71: Technology and R&D&I
07 Technology and R&D&I Corporate Presentation | 71
Slide 72: Technology and R&D&I at a glance
Technology and R&D&I at a glance Development of high value added products. Efficient solutions for the optimization of industrial and business processes. Viohalco's R&D&I work focuses on developing Continuous scientific research, combined with Through on-going research and industrial new, innovative
Slide 73: Technology and R&D&I / Company: Elkeme
Technology and R&D&I / Company Elkeme's main focus is applied industrial research and the Provides R&D&I services and technological development and analysis of four major metals sectors (aluminium, copper, steel and zinc). Established in 1999 technical solutions for new The Centre provides value add
Slide 74: Technology and R&D&I / Company: TEKA Systems
Technology and R&D&I / Company TEKA SYSTEMS, since 1975, offers high quality services to its customers by creating new standards with extensive experience in the field of Engineering Solutions technology and Information Τechnology, in the wider region of South-eastern Europe. TEKA Systems has huge k
Slide 75: Financials
08 Financials Financials Corporate Presentation | 75
Slide 76: 2021 Financial Highlights
2021 Financial Highlights Viohalco's consolidated revenue for 2021 was EUR 5,375 Consolidated a-EBITDA increased by 45% to EUR 426 million, up 40% year-on-year (2020: EUR 3,850 million), million for 2021 (2020: EUR 294 million). reflecting an upturn in demand across almost all segments and the rise
Slide 77: 2021 Financial Highlights
2021 Financial Highlights Viohalco's consolidated profit before EBT (EUR million) income tax for the period amounted 276 to EUR 276 million, compared to EUR 59 million in 2020, mainly attributable to the noticeable recovery of the steel segment, the solid growth across both the projects and the prod
Slide 78: 2021 Financial Highlights
2021 Financial Highlights Capital expenditure for the period amounted to Viohalco companies' net debt increased to EUR 1,684 EUR 266 million (2020: EUR 285 million), mainly million (31 December 2020: EUR 1,581 million) before attributable to the aluminium segment's investment IFRS 16 adjustment, as
Slide 79: Aluminium segment at a glance
Aluminium segment at a glance – Elval delivered growth as it responded to improved demand, and strategically supported sectors facilitating the energy Revenue (EUR million) transition and climate change mitigation. 1,678 – Additional production capacity, provided by the newly installed 1,397 1,206 1
Slide 80: Copper segment at a glance
Copper segment at a glance Revenue (EUR million) – Improved market sentiment drove increased volumes in the 1,564 copper segment, with strong demand across most markets 1,066 941 1,037 1,066 throughout 2021. – Most copper segment companies performed well, with the recovery of copper alloy markets an
Slide 81: Cables segment at a glance
Cables segment at a glance Revenue (EUR million) – The performance of the cables segment reflects solid growth 757 across both the projects and products businesses. – All plants maintained a full production schedule throughout the 568 569 475 year, resulting in further growth in profitability. 408 –
Slide 82: Steel Pipes segment at a glance
Steel Pipes segment at a glance Revenue (EUR million) – 2021 was a challenging year for the steel pipes segment. A recovery in energy consumption, reduced supply 470 capacity due to postponements, and the cancellation of multiple 376 fossil-fuel distribution projects led to exceptionally high energy
Slide 83: Steel segment at a glance
Steel segment at a glance Revenue (EUR million) – The steel segment experienced a gradual uplift in demand during the year and maintained its dominant market position in Greece, the 1,068 Balkans and Cyprus. The combination of these factors led to a 917 765 816 remarkable performance for the year. 6
Slide 84: Real Estate segment at a glance
Real Estate segment at a glance Revenue (EUR million) – Noval Property continued its investment programme during 2021. 19 – The expansion of the River West shopping centre was completed, boosting the value of investment property and increasing rental 11 10 income for the REIC. 9 8 – Noval Property a
Slide 85: Confidentiality Warning – Disclaimer
CONFIDENTIALITY WARNING – DISCLAIMER The information contained in this corporate presentation (CP) has been prepared by Viohalco S.A. (the Company). It is based on historical financial data and other information already publicly disclosed by the Company. It also includes information from other sourc
Slide 86: www.viohalco.com
www.viohalco.com