Slide 1: Quarterly Report First 9 Months 2017/18
Quarterly Report First 9 Months 2017/18 Analyst Conference Call on August 9, 2018
Slide 2: Operating earnings before taxes up 25% on previous year
Operating earnings before taxes up 25 % on previous year 9M 9M 2017/18 2016/17 Operating EBT (€ million) 264 211 Net cash flow (€ million) -100 193 Operating ROCE (%) 14.6 13.0 (operating EBIT last 4 quarters) August 2018 2
Slide 3: Generally positive market environment
Generally positive market environment Trend in significant market prices and refining charges 350% 100 % = Sept. 2016 European refining charges for copper scrap 300% Sulfuric acid price (spot CFR Brazil) 250% Exchange rate (USD/€) TC/RCs for copper 200% concentrates (contract) Copper premium 150% 10
Slide 4: Good recycling and sulfuric acid markets lead to substantially higher result
Good recycling and sulfuric acid markets lead to substantially higher result EBT in the first 9 months 2017/18 (in € million, rounded) 9M 17/18 9M 16/17 Positive influencing factors: » A higher concentrate throughput due to good performance 352 at the Hamburg and Pirdop sites. The previous year was
Slide 5: Main steering figures above previous year
Main steering figures above previous year 9M 9M Change (operating IFRS) 2017/18 2016/17 Absolute Relative Revenues €m 8,747 8,189 558 7% Gross profit €m 929 867 62 7% EBITDA €m 367 316 51 16 % EBIT €m 269 220 49 22 % EBT €m 264 211 53 25 % Consolidated net income €m 201 161 40 25 % Net cash flow €m
Slide 6: Solid balance sheet figures provide room for future growth
Solid balance sheet figures provide room for future growth (operating IFRS) 6/30/2018 6/30/2017 operating operating Target Profitability ROCE* 14.6 % 13.0 % 15 % Capital structure - Equity ratio (equity / total liabilities) 51.2 % 50.9 % > 40 % Debt and interest coverage - Net financial liabilities
Slide 7: Segment MRP: Good operating performance and good market environment
Segment MRP: Good operating performance and good market environment Operating results for Segment Metal Refining & Processing (MRP) (first 9 months FY 2017/18) 9M 9M Segment MRP » Higher revenues of € 7,775 million (previous year: € 7,317 17/18 16/17 million) due to higher copper prices EBIT (in €m)
Slide 8: Segment FRP: Operating EBT significantly higher than previous year
Segment FRP: Operating EBT significantly higher than previous year Operating results for Segment Flat Rolled Products (FRP) (first 9 months 2017/18) 9M 9M Segment FRP 17/18 16/17 EBIT (in €m) 7 -2 » Higher revenues of € 1,106 million (previous year: € 1,002 million) due to higher copper prices EBT (
Slide 9: Overall forecast confirmed for fiscal year 2017/18
Overall forecast confirmed for fiscal year 2017/18 » Copper price: average copper price in 2018 at US$ 6,887/t (Reuters poll in July 2018) For FY 2017/18, we » Copper concentrates: good supply is expected to lead to expect a moderately corresponding TC/RCs, despite the lower benchmark higher operati
Slide 10: Implementation of our strategy is on track
Implementation of our strategy is on track August 2018 10
Slide 11: Efficiency: Project target of € 200 million will be achieved
Efficiency: Project target of € 30 million will be achieved for FY 2017/18 Target: Project success > € 200 million (base year: 2014/15) (in € million) + 80 > 200 » Measures for 2017/18 have been identified and + 60 are being implemented (> 120) » We are currently fully on schedule » All of the compa
Slide 12: Growth: Project Future Complex Metallurgy (FCM)
Growth: Project Future Complex Metallurgy (FCM) New facilities in Hamburg and Olen / > 180 jobs: Cell furnace, leaching, and electro-winning plant Engineering & construction phase approx. 4 years Production start: FY 2020/21 Capex: around € 320 million Additional use of raw materials: 270,000 t of c
Slide 13: Growth: Aurubis acquires Codelco's Deutsche Giessdraht shares
Growth: Aurubis acquires Codelco’s Deutsche Giessdraht shares » On January 19, 2018, Aurubis AG and Codelco Kupferhandel GmbH signed a purchase agreement for Aurubis’ acquisition of all shares of Deutsche Giessdraht GmbH in Emmerich am Rhein. » Until recently, Aurubis held 60 % and Codelco held 40 %
Slide 14: Growth: Current status of FRP sale and balance sheet effects pursuant to IFRS 5
Growth: Current status of FRP sale and balance sheet effects pursuant to IFRS 5 » Term sheet: 2/12/2018, purchase agreement: 3/29/2018 » Currently: Review by the antitrust authorities has been in phase 2 since 8/1/2018 Rationale for the sale » Emphasis of Aurubis’ new strategy is on the strengthenin
Slide 15: Responsibility: CO2-free waste heat for HafenCity East
Responsibility: CO2-free waste heat for HafenCity East » Energy-efficient heat for HafenCity East in Hamburg » Heat extraction line 1 (first stage): ca. 160 million kWh per year (20 MW), 90°C, equivalent to the heat requirements of about 8,000 four-person households » Investment from Aurubis: ca. €
Slide 16: Additional investments at the Pirdop site during planned shutdown in 2019
Additional investments at the Pirdop site in the course of a legally mandated planned shutdown in May/June 2019 Financial impact: » Capex: approx. € 19 million (FY 17/18: approx. € 11 million, FY 18/19: approx. € 8 million) » EBT effect: approx. € 11-12 million » Concentrate throughput effect: appro
Slide 17: Capital Market Day in Pirdop/Bulgaria on September 4-5, 2018
Capital Market Day in Pirdop/Bulgaria on September 4-5, 2018 August 2018 17
Slide 18: Thank you for your attention
A\Aurubis Metals for Progress VISION VISION 2025 VISION 2025 Ps Passion for metallurgy Thank you for your attention
Slide 19: Your IR Contacts and financial calendar
Your IR Contacts: Angela Seidler Elke Brinkmann Christoph Tesch Head of Investor Relations Senior Manager Senior Manager +49 40 7883-3178 +49 40 7883-2379 +49 40 7883-2378 a.seidler@aurubis.com e.brinkmann@aurubis.com c.tesch@aurubis.com Financial calendar » Annual Report 2017/18 12/11/2018 » Quarte
Slide 20: Disclaimer
Disclaimer Forward-looking statements This document 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 and unknown risks and