Viohalco Sa/nv · ATHEX:VIO
Viohalco Sa/nv — H1 2023 Earnings Presentation
23 slides from Viohalco Sa/nv's earnings presentation, 2023
Slide 1: Financial Results H1'23
Slide 2: A strong financial performance amid market headwinds
A strong financial performance amid market headwinds Viohalco companies’ results reflect a strong underlying operational performance Sustainability Major contract wins Resilience against a slow- Improved adjusted Growth of the real estate Reinforced competitive megatrends remain and successful down
Slide 3: Financial Results Consolidated
Financial Results Consolidated Revenue (EUR million) 3,597 3,364 Viohalco's consolidated revenue down 6.5 % year-on year to 2,216 1,875 2,489 EUR 3.4 billion (H1 2022: EUR 3.6 billion), primarily due to the weaker demand in the aluminium and steel segments and the downtrend in metal prices, partiall
Slide 4: Viohalco's divisions
Viohalco’s divisions Industrial division Real estate division Revenue: € 17 m a-EBITDA: €9m Aluminium Copper Cables Steel Pipes Steel Revenue: Revenue: Revenue: Revenue: Revenue: € 1,015 m € 958 m € 460 m € 305 m € 573 m a-EBITDA: a-EBITDA: a-EBITDA: a-EBITDA: a-EBITDA: € 81 m € 59 m € 59 m € 28 m €
Slide 5: Financial Results Industrial division
Financial Results Industrial division Revenue per segment (EUR million) Revenue (EUR million) 3,583 3,347 Τhe revenue of the industrial division Steel Cables amounted to EUR 3,347 million. 573 m 460 m Aluminium Copper Other Activities, Steel pipes Other Activities, H1 2023 1,015 m 958 m 305 m H1 202
Slide 6: Industrial division operating performance a-EBITDA
Financial Results Industrial division HY 2023 Operating performance: a-EBITDA (EUR thousand) Aluminium Copper Cables Steel pipes Steel Other @ 81€m @ 59€m @ 59€m @ 28€m @ 36€m @ -2.4 €m -49 m|-38% +12m|+26% +11m|+23% +24m|+613% -81m|-69% -7m|-150% €€ 355m 350m € 260m Corporate Presentation | 6
Slide 7: Industrial division capex and net debt
Financial Results Industrial division Capital expenditure for the period amounted to EUR 122 million (H1 2022: EUR Net debt decreased marginally to EUR 1,901 million 138 million), mainly attributable to the investment programme carried out in the (31 December 2022: EUR 1,921 million). aluminium segm
Slide 8: Aluminium segment
01 Aluminium segment at a glance
Slide 9: Aluminium segment
Aluminium segment at a glance Revenue (EUR million) • The unfavorable market conditions negatively affected both revenue and profitability of the aluminium segment. 1,201 1,015 • Despite this context, the aluminium sector of ElvalHalcor maintained a competitive edge in the 763 market through product
Slide 10: Copper segment
02 Copper segment at a glance Corporate Presentation | 9
Slide 11: Copper segment
Copper segment at a glance Revenue (EUR million) • Declining metal prices and a reduction in volumes caused a drop in revenue compared to 978 958 H1 22. 754 • The extruded copper alloy and copper tube products saw a decline in sales volumes, as a result of adverse macroeconomic dynamics across most
Slide 12: Cables segment
03 Cables segment at a glance
Slide 13: Cables segment
Cables segment Revenue (EUR million) at a glance • Revenue increase +8% y-o-y, driven by the projects business. 460 427 • Solid demand for cables products in all geographies had a positive impact on the power and 351 telecom profit margins per ton of product sold. 294 268 • 23% y-o-y growth in a-EBI
Slide 14: Steel pipes segment
04 Steel p ipes segment at a glance
Slide 15: Steel pipes segment
Steel pipes segment Revenue (EUR million) at a glance • Higher sales volumes saw 60% growth in revenue compared to the same period last year, as a result of gas fuel demand. 305 • High-capacity utilization and a higher-margin projects mix drove notable improvement in 195 profitability. 190 135 • Pos
Slide 16: Steel segment
05 Steel segment at a glance
Slide 17: Steel segment
Steel segment Revenue (EUR million) at a glance • Steel segment revenue amounted to EUR 573 million in H1 2023 vs. EUR 744 in H1 2022 as a result of 744 subdued demand in the European construction sector, coupled by price pressures from elevated energy costs and steel imports. 449 573 482 345 • Rein
Slide 18: Real estate division
06 Real estate division at a glance
Slide 19: Real estate division
Real estate division at a glance • Revenue for the real estate division up to EUR 17.4 million, with profit before income tax at EUR 5.1 Revenue (EUR million) million, compared to a loss of EUR 1.6 million in H1 2022. 17 • Fair value of Noval Property investment portfolio up 6% from EUR 486 million
Slide 20: Outlook
Outlook Levels of macroeconomic Viohalco’s diversified business While we maintain a positive uncertainty remain elevated with model, together with continued long-term outlook supported energy prices still volatile and product portfolio and operational by the long-term megatrends demand fluctuations
Slide 21: Financial Calendar
Financial Calendar Thursday, Thursday, Tuesday, March 7, 2024 April 4, 2024 May 28, 2024 Financial results Publication of the Annual Ordinary General Meeting FY 2023 press release Financial Report 2023 2024 Corporate Presentation | 21
Slide 22: Disclaimer
Disclaimer. The information contained in this corporate presentation (CP) has been prepared by Viohalco S.A. (the Company). Forward Looking Statements It is based on historical financial data and other information already publicly disclosed by the Company. It also Certain statements in the CP are fo
Slide 23: www.viohalco.com
www.viohalco.com