Elvalhalcor Hellenic Copper And Aluminium Industry S.a. · ATHEX:ELHA
Elvalhalcor Hellenic Copper And Aluminium Industry — Investor Presentation (June 2026)
34 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's investor presentation, June 2026
Slide 1: Strategic Update 2026 - 2030: Beyond Metals, Shaping Tomorrow
STRATEGIC UPDATE 2026 - 2030 BEYOND METALS SHAPING TOMORROW 1
Slide 2: Disclaimer
Disclaimer This presentation and the information contained herein (unless otherwise indicated), including any accompanying oral presentation, question and answer session and any other document or materials distributed at or in connection with this presentation, has been prepared by and is the sole r
Slide 3: Today's Presenters
Today’s Presenters Source: Company and Public Information Spyros Kokkolis Angelos Giazitzoglou ~35 Executive Vice Chairman ~30 Deputy CFO • Also Deputy CFO of Viohalco, overseeing non- • Deputy Group CFO since Apr-2024, supporting ferrous metals and energy procurement, hedging financial strategy and
Slide 4: Introduction
Introduction 7A ELVALHALCOR
Slide 5: A Scaled, Leading European Processor of Tailor-Made Aluminium and Copper Products
A Scaled, Leading European Processor of Tailor-Made Aluminium and Copper Products with Strong Market Position in Both Metals Aluminium Copper Our fundamentals 428kt | 2025A Sales 172kt | 2025A Sales Operational Excellence and €149m | 2025A a-EBITDA1 €87m | 2025A a-EBITDA1 Continuous Improvement ~90
Slide 6: Diversified, High-Quality Product Portfolio Anchored in Attractive Growing End Markets
Diversified, High-Quality Product Portfolio Anchored in Attractive Growing End Markets Aluminium Copper Our Key Products Sales Volumes Split by Key End Markets1 Our Key Products Sales Volumes Split by Key End Markets2 50% 14% 26% 22% Flat rolled products (coils) Rigid packaging Flexible packaging Co
Slide 7: Operating at the Intersection of Secular Tailwinds Accelerating Al and Cu Demand
Operating at the Intersection of Secular Tailwinds Accelerating Al and Cu Demand Global Al. Flat Rolled Product Demand Set to Grow, Driven by Packaging and Transportation6 Electrification Circular Building Packaging Digital & Grids & Construction Infrastructure +3.7% CAGR + ~30% Solutions 3.2% Al de
Slide 8: Built Through a Track Record of Structural Growth Leaps Over the Past Decades
Built Through a Track Record of Structural Growth Leaps Over the Past Decades... 1 Before 2000s 2 By Late 2010s 3 Today Disciplined, large-scale investments laid the Copper production capacity (kt) foundation for growth and strengthened market positioning, enabling up to 800kt of hot rolling capacit
Slide 9: Consistently Creating Value for Our Shareholders
... Consistently Creating Value for Our Shareholders Sales Volume Evolution 2019 – 2025 (kt) 2019 – 2025 CAGR 271 240 238 236 166 +9% a-EBITDA 140 136 a-EBITDA (€m) 171 172 190 175 190 Copper 170 (kt) 176 Sales +4% volumes 392 414 428 362 386 Aluminium 310 298 (kt) 2019 2020 2021 2022 2023 2024 2025
Slide 10: Delivering a Step-Change Growth Phase Underpinned by Targeted Investments
We are Delivering a Step-Change Growth Phase Underpinned by Targeted Investments and a Proven Execution Platform… From a Strong Footprint and Earnings … Driving a Step-change in Scale and Base… … To Targeted Investments… Profitability Copper recycling hub integrating collection, €425 - a-EBITDA sort
Slide 11: Successful Completion of €250m Capital Increase
Successful Completion of €250m Capital Increase • ElvalHalcor successfully completed its €250 million share capital increase by issuing 59.5 million new shares at an offering price of €4.20 per share. Successful Transaction • The Share Capital Increase was fully subscribed and paid in, with the new
Slide 12: Investment Highlights
Investment Highlights fA ELVALHALCOR OD Tw HELLENIC COPPER AND ALUMINIUM INDUSTRY SA
Slide 13: Investment Highlights Summary
Investment We have built a high-quality, resilient platform with strong fundamentals A Structural Advantages Underpin Sustained Value Add Premium Expansion B Export-led Platform with Embedded, Blue-chip Relationships Secular megatrends are creating a structural demand tailwinds across our core marke
Slide 14: Structural Advantages Underpin Sustained Value Add Premium Expansion
A | Structural Advantages Underpin Sustained Value Add Premium Expansion Value Add Premium has Increased Materially Over Time Key Drivers Supporting Higher Profitability Value add premium per tonne1 (€/t) Modern, scaled asset base +66% – Highly efficient and one of the largest European producers 2.1
Slide 15: Export-led Platform with Embedded, Blue-chip Relationships
B | Export-led Platform with Embedded, Blue-chip Relationships Export-led Model, Critical to European Diversified Customer Base1 Long-standing Partnerships Supply Chains1 Top 5 customers2 Asia RoW USA 31% 3% 10% 10% 1% Greece 5% Rest of 15% Europe 66% EU2 69% 90% of customers retained since at least
Slide 16: Secular Megatrends Underpinning our Key Strategic End Markets
C | Secular Megatrends Underpinning our Key Strategic End Markets… Key Secular Megatrends… …Drive Robust Growth over Our Key End Markets 5% 7% Transportation ElvalHalcor high growth and high Circularity & Sustainability exposure end markets European metal demand growth within end market Extruded cop
Slide 17: Driving Growth in Aluminium Beverage Can Packaging and Transport
D | …Are Driving Growth in Aluminium Beverage Can Packaging and Transport … EU Aluminium Demand Growth in Rigid Packaging Extending Current Deficit EU Aluminium Demand Growth in Transport and Automotive Markets Mt of aluminium Mt of aluminium 14% ElvalHalcor 1,75 market share1 1,67 1,50 0,25 0.46 1,
Slide 18: Reinforcing Copper's Critical Role in Electrification and AI Revolution
E | … and Are Reinforcing Copper’s Critical Role in Electrification and AI Revolution… Extruded Copper and Copper Tubes2 Demand Underpinned by Rolled Copper Demand Driven by its Versatility Across Various End Markets Fundamental Role in Data Centers and Electrification kt of rolled copper alloys kt
Slide 19: EU Policy Framework Valuing Regional, Reliable and Competitive European Metals Producers
F | …While EU Policy Framework is Increasingly Valuing Regional, Reliable and Competitive European Metals Producers Recycling Circularity Domestic Manufacturing Supply-chain Resilience Purpose: Strengthen European Purpose: Retain Valuable Purpose: Build An Integrated Purpose: Secure And Stabilise In
Slide 20: Our Growth Investments are Tightly Aligned to Secular Demand
G | Our Growth Investments are Tightly Aligned to Secular Demand… Expanding Capacity Selectively to Meet Market Needs, while Improving Resilience, Margins and Product Mix Aluminium Copper Recycling hub and capacity New cold rolling mill 1 New cast house 2 expansion 3 Capacity expansion 4 • Increased
Slide 21: Clear Path to Scale Capacity and Scrap Metal Processing
H | …with a Clear Path to Scale Capacity and Scrap Metal Processing… Value Chain Scale Up Through a Targeted €455m Investment Plan Production Capacity Expansion (kt) Scrap Input Expansion (kt) Copper Aluminium 45% 47% Recycled content %1 +29% 32% 45% 982 +84% 761 303 375 283 98 204 679 71 478 277 13
Slide 22: Further Enhancing our Solid Green Metals Footprint
I | … Further Enhancing our Solid Green Metals Footprint Scope 1, 2 & 3 Emissions Intensity (t CO2/t)1 Key Takeaways • ElvalHalcor is decarbonising through: ─ Targeted investments 9.2 t CO2/t in Renewable Energy Sources 7.7 t CO2/t (17%) ─ Energy efficiency 6.0 t CO2/t initiatives (35%) ─ Technologi
Slide 23: Poised to Deliver this Opportunity in the Most Capital-efficient Way
J | We are Poised to Deliver this Opportunity in the Most Capital-efficient Way Project Capital Intensity for Aluminium Rolling Mill and Cast House Construction Relative to Comparable Projects (€k/t) 1 Total nameplate capacity2 (kt) 300 100 150 650 600 ~8,4 ElvalHalcor project expansion requires cap
Slide 24: Robust Historical Operational and Financial Profile
Robust Historical Operational and Financial Profile Sales Volumes (kt) a-EBITDA (€m) Key Takeaways ▪ Execution of c.€1bn investment programme leading up to 2023 190 171 172 190 175 271 significantly expanded aluminium capacity 240 238 236 170 176 66 166 ▪ Capacity growth and strong commercial 96 99
Slide 25: Strengthening Our Balance Sheet and Increasing Shareholder Returns
We Have Been Strengthening Our Balance Sheet and Increasing Shareholder Returns Consolidated Net Debt Breakdown (€m) Dividends Per Share (€ cent)1 Long-term Debt Short-term Debt Cash & Cash Equivalents Net Debt / a-EBITDA ~4x Increase during 2019 - 2026 4,7x 11 4,6x 4,0x 3,5x 3,4x 9 2,7x 2,6x 956 78
Slide 26: Proven ESG Track Record and Certifications
Proven ESG Track Record and Certifications Strategic Pillars Energy Transition Carbon Footprint Health and Safety Supply Chain • Transition to Renewable Energy Sources • Setting short-term and long-term • Implementing a 5-year plan for continuous • Responsible supply chain management for electricity
Slide 27: Led by World-Class Management and Solid Shareholder Support
Led by World-Class Management and Solid Shareholder Support ElvalHalcor’s Strong Management Team Strong Governance Practices Across Group Konstantinos Katsaros Spyros Kokkolis ~50 ~35 Board of Directors Corporate Chairman, non-executive member Executive Vice Chairman Governance ~50 years at ~35 year
Slide 28: Financial Guidance
Financial Guidance 03
Slide 29: €850m+ Capex Plan to Support Next Phase of Growth (2026–2030)
€850m+ Capex Plan to Support Next Phase of Growth (2026–2030) Company Investment Plan (€m) Split by Segment Cumulative Capex1 2026 – 2030 : €850m+ 28% 242 230 72% 54 57 163 Copper Aluminium 123 49 Split by Geography Split by Type 39 98 188 173 37 19% 114 84 47% 61 53% Growth 81% Operational & 2026E
Slide 30: Growing Profitability Up to 2x While Maintaining a Strong Balance Sheet
Growing Profitability Up to 2x While Maintaining Our Commitment to a Strong Balance Sheet and Attractive Shareholder Returns Financial Outlook 2025A Mid-Term Long-Term Aluminium Sales 428kt 470-490kt 630-650kt Copper Sales 172kt 200-210kt 215-225kt 630-650kT a-EBITDA €236m €350-400m €425-475m Discip
Slide 31: Next Phase of Growth is Fully Funded
Next Phase of Growth is Fully Funded Sources and Uses of Funds (2026-30) (€m) Key Highlights % of Total Uses % of Total Sources The total investment plan is expected to be fully ~80% ~20% ~60% ~22% ~18% funded mainly thanks to a combination of: • Strong FCFO1 ~80% 250 • Equity raise ~20% • Net deb
Slide 32: Q&A
Q&A fA ELVALHALCOR UY ao
Slide 33: Appendix
Appendix HELLENIC COPPER AND ALUMINIUM INDUSTRY SA
Slide 34: Key Drivers Across Aluminium and Copper Value Chains
ElvalHalcor Operates in the Mid-/Downstream Segments of the Aluminium and Copper Value Chains by Production and Recycling of Key Metals Al Value Chain Product Alumina Aluminium Semi- manufacturing Bauxite mining Casting Recycling refining smelting fabrication and use phase Cu Value Chain Copper Semi
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