Slide 1: Quarterly Report First 3 Months 2024/25
Quarterly Report First 3 Months 2024/25 Conference Call on February 6, 2025
Slide 2: Disclaimer
Disclaimer Forward-looking statements Today’s capital market presentation 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
Slide 3: Executive summary of first 3 months 2024/25
Executive summary of first 3 months 2024/25 Aurubis achieves ongoing robust operating result in first 3 months of FY 2024/25 Operating EBT 3 months 2024/25 Operating ROCE Operating EBT positively influenced by a significantly higher metal result due 11.7 % to increased metal prices, higher earnings
Slide 4: Aurubis consistently focuses on safety and security
Aurubis consistently focuses on safety and security Strengthening plant Improving employee Raising occupational security protection safety Aurubis Analyst Conference Call on February 6, 2025 4
Slide 5: Volatile market developments — managed well by Aurubis
Volatile market developments — managed well by Aurubis Trend in significant market prices and refining charges 200% 100 % = Sept. 2022 Sulfuric acid (FOB NW Europe 150% in US$/t)* European copper premium* Copper price (settlement) 100% Exchange rate (US$/€) 50% European refining charges for copper s
Slide 6: Aurubis with positive results development after 3 months 2024/25
Aurubis with positive results development after 3 months 2024/25 3M 3M Change vs. (operating results) 2024/25 2023/24 prior year Revenues €m 4,215 3,896 8% Gross profit €m 433 406 7% EBITDA €m 184 160 15 % EBIT €m 131 111 17 % EBT €m 130 111 17 % Consolidated net income €m 99 89 10 % Operating ROCE
Slide 7: Gross margin at prior-year level
Gross margin at prior-year level Breakdown of income components in the Aurubis Group 3 months 2024/25 YTD (YTD prior-year figures) 31 % (36 %) Treatment charges for concentrates + 36 % (29 %) recycling input Metal result ~ €534 million* (~ €514 million*) 33 % (35 %) Premiums + products * Gross margi
Slide 8: Custom Smelting & Products segment
Custom Smelting & Products segment Breakdown of income components in CSP segment 3 months 2024/25 YTD (YTD prior-year figures) 3M 3M Operating results 2024/25 2023/24 25 % (30 %) EBIT €m 125 107 Treatment charges 31 % (24 %) EBT €m 125 107 for concentrates + Metal result recycling input ROCE1 % 19.4
Slide 9: Multimetal Recycling segment
Multimetal Recycling segment Breakdown of income components in MMR segment 3 months 2024/25 YTD (YTD prior-year figures) 3M 3M Operating results 2024/25 2023/24 45 % (48 %) EBIT €m 28 28 Refining charges 47 % (42 %) EBT €m 27 29 for recycling input Metal result ROCE1 % 5.5 13.5 Quantities ~ €171 mil
Slide 10: Overview of Group costs — further decrease in energy costs
Overview of Group costs — further decrease in energy costs Overview of cost/expense positions 3 months 2024/25 YTD (YTD prior-year figures)1 12 % (11 %) Depreciation and amortization 34 % (33 %) Personnel costs 12 % (12 %) Consumables ~ €441 million* 12 % (13 %) (~ €458 million*) External services 2
Slide 11: Reliable, cash-generating business model
Reliable, cash-generating business model 3M 3M 2024/25 2023/24 Op. EBITDA €m 184 160 ∆ Net working capital €m -131 -318 ∆ Other €m 148 -30 ∆ Tax €m -23 -14 Net cash flow (cash inflow €m 178 -202 from operating activities) Aurubis Analyst Conference Call on February 6, 2025
Slide 12: A cash-generating quarter despite high investment activities
A cash-generating quarter despite high investment activities 3M 3M 2024/25 2023/24 Net cash flow (cash inflow €m 178 -202 from operating activities) – Aurubis' net cash flow positive, Cash outflow for investment driven by good earnings and good €m -133 -132 activities working capital management Inte
Slide 13: Aurubis' financial position enables our growth strategy
Aurubis’ financial position enables our growth strategy 3M 3M 2024/25 2023/24 Target Equity ratio % 54.7 55.9 > 40.0 (equity/total assets) Debt coverage1 0.04 0.2 < 3.0 3M 3M Additional KPIs 2024/25 2023/24 Capital expenditure €m 141 154 Capital employed €m 3,830 3,597 (balance sheet date) 1 Net fin
Slide 14: Market outlook for 2024/25
Market outlook for 2024/25 The concentrate market is anticipated to be tighter with sufficient supply for Aurubis' primary Copper smelters from the mine side. Well diversified supplier base secures Aurubis’ concentrate supply. The concentrates smelter network is already supplied well into Q3 FY 2024
Slide 15: Confirmation of FY 2024/25 guidance
Confirmation of FY 2024/25 guidance Our forecast range Operating EBT Operating ROCE between €300 million between 7 % and €400 million and 11 % Operating Operating EBT in € million ROCE in % Group 300 – 400 7 – 11 Multimetal Recycling 50 – 110 4–8 Custom Smelting & 310 – 370 14 – 18 Products Aurubis
Slide 16: Focus on execution of strategic projects
Focus on execution of strategic projects Timeline of when strategic projects start operations FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 − Industrial Heat II − Bleed Treatment Olen − Complex Recycling − Slag Processing (DE Hamburg) Beerse (BOB) (BE Olen) Hamburg (CRH) (DE (BG Pirdop) Hamburg) − Ano
Slide 17: Capex spending close to €1 billion by Q1 2024/25
Capex spending close to €1 billion by Q1 2024/25 (in € million) Baseline capex Strategic capex* − We have planned to invest €~1.7 bn in strategic projects — ~60 % of these investments are already behind us. − In total, strategic capex will create valuable synergies 525 430 with our existing processe
Slide 18: Quarterly Report First 3 Months 2024/25
Quarterly Report First 3 Months 2024/25 Conference Call on February 6, 2025
Slide 19: Financial calendar
Financial calendar − AGM April 3, 2025 − Q2 2024/25 May 8, 2025 − Q3 2024/25 August 5, 2025 − Annual Report 2024/25 December 4, 2025 Aurubis Analyst Conference Call on February 6, 2025 19
Slide 20: Your IR contacts
Your IR contacts Ken Nagayama Elke Brinkmann Ferdinand von Oertzen Torben Rennemeier VP Head of Senior Manager Specialist Investor Relations Investor Relations Investor Relations Investor Relations +49 40 7883-3178 +49 40 7883-2379 +49 40 7883-3179 + 49 152 2366 0716 k.nagayama@aurubis.com e.brinkma
Slide 21: 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 fo
Slide 22: Scheduled shutdowns in the next 3 years
Scheduled shutdowns in the next 3 years EBT effect from scheduled shutdowns (in € million) Status: February 2025 FY 2024/25 FY 2025/26 FY 2026/27 Smelter May maintenance ~23 2027 Hamburg Anode furnace May/June ~8 Hamburg 2026 Smelter May/July Oct/Nov maintenance ~34 ~5 2025 2026 Pirdop May May May K
Slide 23: Primary copper production process
Primary copper production process Sulfuric acid plant Off-gas cleaning Copper scrap Copper concentrates Copper matte Blister copper (64 % Cu) (98 % Cu) Flash smelter Converter Anode furnace Copper Nickel sulfate (99.5 % Cu) Anode Cathode Anode slime Anode casting wheel Tankhouse Precious metal refin