Slide 1: Quarterly Report First 9 Months 2022/23
Quarterly Report First 9 Months 2022/23 Conference Call on August 7, 2023
Slide 2: offing VISION
offing VISION “Oa
Slide 3: Executive summary of first 9 months 2022/23
Executive summary of first 9 months 2022/23 Aurubis' positive development continues with strong nine-month figures for FY 2022/23 at the very high level of the previous year Operating EBT ROCE Good concentrate markets; the increased cathode premium and high wire 9M 2022/23 of 15.1 % rod demand led to
Slide 4: Aurubis achieved strong 9-month results
Aurubis achieved strong 9-month results 9M 9M Change vs. (operating IFRS) 2022/23 2021/221 prior year Revenues €m 12,951 14,277 -9 % Gross profit €m 1,233 1,244 -1 % EBITDA €m 543 572 -5 % EBIT €m 397 431 -8 % EBT €m 406 426 -5 % Consolidated net income €m 322 330 -2 % Operating ROCE (%) 15.1 17.1 -
Slide 5: Sulfuric acid stabilizes at lower levels, other market conditions stable
Sulfuric acid stabilizes at lower levels, other market conditions stable Trend in significant market prices and refining charges 100 % = Sept. 2019 450% 400% Sulfuric acid price (spot CFR Brazil) 350% Exchange rate (US$/€) 300% TC/RCs for copper 250% concentrates (contract) 200% European refining ch
Slide 6: Gross margin at prior-year level
Gross margin at prior-year level Breakdown of income components in the Aurubis Group 9M 2022/23 YTD (YTD prior-year figures) 31 % (27 %) TC/RCs for concen- trates + recycling 33 % (39 %) materials Metal result ~ € 1,627 million* (~ € 1,672 million*) 36 % (34 %) Premiums + products * Gross margin = T
Slide 7: Overview of Group costs – energy costs reduced
Overview of Group costs – energy costs reduced Overview of cost/expense positions 9M 2022/23 YTD (YTD prior-year figures) 11 % (10 %) Depreciation and amortization 31 % (32 %) Personnel costs 14 % (12 %) Consumables ~ € 1,399 million* 13 % (12 %) (~ € 1,372 million*) External services 18 % (17 %) 13
Slide 8: Aurubis continues to manage energy costs
Aurubis continues to manage energy costs Breakdown of energy costs 9M 2022/23 Electricity incl. oxygen consumption in the (YTD prior-year figures) Aurubis Group: approx. 1.81* TWh (1.94) CO2 emissions of 1.31* million t (1.61) 64 % (73 %) Electricity − 0.52* million t of direct emissions (0.56) incl
Slide 9: Aurubis' strong financial position enables our growth strategy
Aurubis’ strong financial position enables our growth strategy 9M 9M 2022/23 2021/223 Target ROCE1 % 15.1 17.1 15.0 Equity ratio % 57.5 54.0 > 40.0 (equity/total assets) Debt coverage2 0.0 -0.2 < 3.0 9M 9M Additional KPIs 2022/23 2021/22 Capital expenditure €m 374 225 Capital employed €m 3,457 2,980
Slide 10: Multimetal Recycling segment
Multimetal Recycling segment Breakdown of income components in MMR segment 9M 2022/23 YTD (YTD prior-year figures) 9M 9M Operating results 2022/23 2021/222 47 % (43 %) RCs for recycling 45 % (53 %) EBIT €m 141 186 Metal result materials EBT €m 143 186 ROCE1 % 15.8 35.5 Quantities Copper scrap/bliste
Slide 11: Custom Smelting & Products segment
Custom Smelting & Products segment Breakdown of income components in CSP segment 9M 9M 9M 2022/23 YTD (YTD prior-year figures) Operating results 2022/23 2021/222 EBIT €m 314 294 48 % (48 %) EBT €m 322 290 28 % (33 %) Premiums + ROCE1 % 17.5 13.3 Metal result products Quantities Concentrates mt 1,705
Slide 12: Current market outlook for 2022/23
Current market outlook for 2022/23 We anticipate an increase in concentrate supply from the mine side, underpinned by Copper new greenfield projects and the expansion of existing mines. concentrates Our smelters are already well supplied beyond the end of FY 2022/23. We expect a stable supply of cop
Slide 13: EBT between € 450 million and € 550 million
FY 2022/23 guidance Our forecast range Operating EBT Operating ROCE between € 450 million between 14 % and € 550 million and 18 % Operating EBT Operating ROCE in € million in % Group 450–550 14–18 Multimetal Recycling 110–170 13–17 Custom Smelting & Products 390–450 18–22 Aurubis Analyst Conference
Slide 14: Expanding our flowsheet with additional smelting furnaces and processes
Expanding our flowsheet with additional smelting furnaces and processes to drive multimetal growth strategy Input materials Smelting Refining Multimetal Cu concentrates HH HH » Cu — Cu processing — Pir Ol Cu/CuNi — HH » Ag Primary HH CuNi electrolyte PM/Ni — tankhouse Lue — Pir » Au sites Pir — repr
Slide 15: Sustainability: Anode Furnace 2.0 in Hamburg
Sustainability: Anode Furnace 2.0 in Hamburg Aurubis Analyst Conference Call on August 7, 2023 15
Slide 16: Sustainability: Aurubis on its way to carbon-neutral production
Sustainability: Aurubis on its way to carbon-neutral production Anode Furnace 2.0 Industry Leadership in Sustainability Investment H2 readiness Technological ~ € 40 million leadership Replacement of the two existing anode furnaces with two vessels that have increased diameter and length. New anode v
Slide 17: Aurubis invests around € 60 million in the Pirdop site
Aurubis invests around € 60 million in the Pirdop site and concludes maintenance shutdown in Bulgaria as planned Financial impacts − Capex: approx. € 60 million in FY 2022/23 − EBT effect: approx. € 20 million in Q3 2022/23 Key facts − Description: a second anode casting wheel with all the feed line
Slide 18: Financial calendar
Financial calendar − 2022/23 Annual Report December 6, 2023 − AGM February 15, 2024 Aurubis Analyst Conference Call on August 7, 2023 18
Slide 19: Quarterly Report First 9 Months 2022/23
Quarterly Report First 9 Months 2022/23 Conference Call on August 7, 2023
Slide 20: Your IR Contacts
Your IR Contacts Angela Seidler Elke Brinkmann Ferdinand von Oertzen VP Investor Relations & Head of Investor Relations Senior Manager Investor Relations Corporate Communications +49 40 7883-2379 +49 40 7883-3179 +49 40 7883-3178 e.brinkmann@aurubis.com f.vonoertzen@aurubis.com a.seidler@aurubis.com
Slide 21: Maintenance shutdowns in the next 3 years
Maintenance shutdowns in the next 3 years EBT effect from maintenance shutdowns (in € million) FY 2022/23 FY 2023/24 FY 2024/25 Smelter May/ maintenance ~36 June 2024 Hamburg Smelter May/ May/ maintenance ~20 ~35 June 2023 July 2025 Pirdop Anode Nov/ Nov/ Nov/ furnace ~7 ~8 ~8 Dec 2022 Dec 2023 Dec 2
Slide 22: 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 f
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
Slide 24: 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