Metlen Energy & Metals Plc · LSE:MTLN
Metlen Energy & Metals — Investor Presentation (October 2025)
29 slides from Metlen Energy & Metals's investor presentation, October 2025
Slide 1: Corporate Presentation October 2025
Corporate Presentation October 2025
Slide 2: Disclaimer
Disclaimer Accordingly, reliance should not be placed on any of the industry, market or competitive position data contained in this presentation. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness o
Slide 3: Disclaimer: Forward Looking Statements
Disclaimer Forward Looking Statements Certain statements in the presentation are forward-looking. These statements are not historical facts and may be Statements contained in this presentation regarding past trends or activities should not be taken as a representation that such identified by words s
Slide 4: Introduction to METLEN
01 Introduction to METLEN
Slide 5: METLEN at a Glance
METLEN at a Glance ▪ A leading industrial company with internationally diverse activities in Energy & Metals, operating via a unique synergetic business model FY2024 ▪ METLEN has been admitted to the LSE at the beginning of August 2025 €5,683 m Revenue $6,540 m* ▪ Since September 2025 METLEN joined
Slide 6: Highly Successful Industrial and Energy Group with Diversified Business Mix
Highly Successful Industrial and Energy Group with Diversified Business Mix EBITDA evolution (€m) EPC1 8% Metals 27% Metals Others 2021 44% Integrated 2024 56% Energy Utility2 33% Renewables 32% 1400 METLEN has successfully created a diversified business across all segments with global presence 1200
Slide 7: METLEN's Credit Profile
METLEN’s Credit Profile 7.000 6.000 €500m €750m €500m 5.000 2026 Notes 2029 Notes 2030 Notes 4.000 “Green” Bond “Green” Bond Listed on ATHEX 3.9% 3.2% 3.000 2.6% Maturity 30 Oct. 2026 17 Oct. 2029 10 Jul. 2030 2.000 1.000 Coupon 2.25% 4.00% 4.00% Mid Yield to Maturity 0.000 Rating* BB+/BB+ BB+/BB+ -
Slide 8: Financial discipline ensures growth & resilience through the cycle
Financial discipline ensures growth & resilience through the cycle Disciplined approach to leverage Net debt (€mm) 568 390 421 535 803 716 1,453* 1,766* 1,200 2.2 1,080 2.5 1,014 1,051 1,000 1.9 2 1.7 823 801 Maintenance 800capex: 1.4 715 1.5* €100m p.a. level. 1.3 1.7* 1.5 600 0,9 359 380 1 400 306
Slide 9: Consistent Value Growth
Consistent Value Growth Robust Value Creation Sourced Mainly from Organic Growth METLEN PLC: Dividend Distribution €/Share 46 52 50 52 58 165 214 214 Since August 2025, is a dual-listed stock (London & Athens) 6.1% 1.55 1.50 4.9% 1.24 …which, in Sept. 2025, entered the 4.2% 4.5% FTSE 100 index 3.7%
Slide 10: Our Journey Getting Here: Big One and Big Two Transformations
Our Journey Getting Here: From less than €10m EBITDA in 1995 Through Our Big One and Big Two Transformations to the >€1bn EBITDA of Today EBITDA Today 1995 2017 2022 2024 €822m €1.08bn <€10m (1) €306m Big Big ONE TWO Mytilineos Listing in the ATHEX Creation of a fully integrated industrial Streamlin
Slide 11: Big THREE Transformation
Our Journey Continues with… the Big THREE Transformation that is Expected to Result in €2bn EBITDA in the Medium Term Big THREE Medium Term Target (1) 2024 ~€2bn Strengthen Our Core Exploiting our know-how Organizational changes to expand in: to improve efficiencies in Energy and Metals by €1.08bn e
Slide 12: The New Transformation: EBITDA Today vs Medium Term
The New Transformation… EBITDA Today EBITDA Medium Term Big THREE (€m) (1,2) MARKET NEEDS (€m)(2) Strengthen Our Core Resilience to Integrated Utility 367 ~590 Growing the businesses the energy price volatility market already knows Energy Green energy, grid expansion, Transition Platform 387 data ce
Slide 13: METLEN Operates a Robust Synergistic Business Model
METLEN Operates a Robust Synergistic Business Model Largest private Greek utility; Fully vertically Naturally hedged between Integrated, low-cost, Power Generation and Supply Metals Business Model • Aluminium serves as a base load customer strengthening METLEN’s position • Energy segment (NG supply
Slide 14: Optimized Asset Base with Low and Competitive Cost Structure
Optimized Asset Base with Low and Competitive Cost Structure One of the lowest cost producers of Aluminium and Alumina, globally 1th Quartile 2th Quartile 3th Quartile 4th Quartile Q4 24 Q4 24 Q4 24 Q4 24 3000.0 2024 Protergia 50th percentile assumed Aluminium 2500.0 METLEN Aluminium: Global smelter
Slide 15: Sectors: Resilient performance despite market volatility
Sectors Resilient performance despite heightened market volatility METLEN: Semi-Annual EBITDA (€m) • Robust Renewables and Greek Utility profitability, as well as record high performance of Total EBITDA accounts for others and Infrastructure activity the Metals’ Sector. 700 606 576 • Diversified bus
Slide 16: Financial Overview
02 Financial Overview
Slide 17: Key Highlights Financial Results H1 2025
Key Highlights Financial Results H1 2025 METLEN is on-track to meet both its short-as well as longer-term objectives as set in its CMD Revenues EBITDA Net Profit €3,608m €445m €254m +45% ΥοΥ -6% ΥοΥ -10% ΥοΥ Liquidity* Net Leverage / Net Debt Milestone - London Listing €2.8bn 2.06x / €2,016m* 4 Augu
Slide 18: Financial Results FY 2024
EBITDA > €1bn coupled with Financial Results FY 2024 robust profitability margins” EBITDA Net Profit 2024 Proposed Dividend €1,080m €615m €1.5/sh* 7% ΥοΥ -1% ΥοΥ Strong track-record , being the 8th consecutive dividend since 2017, New Record-high EBITDA with c.€600m having been METLEN maintains a to
Slide 19: ESG - ERM Performance
03 ESG - ERM Perfomance
Slide 20: At the forefront of global energy transition – Continuing Strong ESG Performance
Flash Note At the forefront of global energy transition – Continuing Strong ESG Performance We actively contribute to addressing climate change and support the national effort to transition to a low-emission economy Steps we have taken Commitment Sustainable Global RES capacity Financing Net Zero em
Slide 21: Appendix – Sectors H1 2025 Business Overview
04 Appendix – Sectors H1 2025 Business Overview
Slide 22: Key Operational Highlights H1 2025
Key Operational Highlights Η1 2025 Η1 2025 Η1 2025 RES Mature & Operation Thermal Capacity 2025 Power Production Capacity 4.5TWh c.2.0GW c.5.5GW c.€1.0bn the most efficient Total Power vs. 4.2TWh in Η1 2024 …while total portfolio thermal fleet in Projects pipeline Greece of >12GW H1 2025 Recycled Al
Slide 23: Key Financial Figures: Energy and Metals Segments
Flash Note Key Financial Figures Segments*| Comparative Advantages 2,916 ENERGY 1,988 480 METALS METLEN focuses on growing RES asset 412 base, with portfolio capacity of >12GW Sole vertically integrated Alumina and Aluminium producer in South-Eastern Leading independent power producer and 322 Europe
Slide 24: Sectors: Energy
Sectors Energy SALES EBITDA 2,916 Sales EBITDA EBITDA Margin (amounts in million €) H1 2025 Η1 2024 H1 2025 Η1 2024 H1 2025 Η1 2024 M Renewables 989 623 221 143 22.4% 23.0% 1,988 M Energy Generation & Management 595 379 106 91 17.8% 24.0% 322 M Energy Customer Solutions 781 513 41 58 5.3% 11.3% 288
Slide 25: Sectors: Renewables – Global RES Portfolio
Sectors Global RES Portfolio MW Renewables In Operation Australia 907 377 Greece 371 Ireland 14 At the end of H1 2025, METLEN’s mature and operational portfolio, reached 5.5GW marking a dynamic Italy 13 increase of 15% compared to H1 2024. The company’s global portfolio reached a total capacity of 1
Slide 26: Sectors: Regional Utility
Sectors Regional Utility | (Power Generation, Electricity and Natural Gas Supply) Greek electricity production increases by >5% year-on-year, driven by thermal units - Greece is becoming a net exporter of electricity Greek Market Power Demand Mix 50.6TWh 49.2TWh 51.8TWh 24.5TWh 24.7TWh H1 2025 was m
Slide 27: Sectors: Metals
Flash Note Sectors Metals SALES EBITDA 480 412 Sales EBITDA EBITDA Margin (amounts in million €) H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 Alumina 104 84 47 30 45.2% 35.7% 142 Aluminum 349 313 74 108 21.2% 34.5% 129 Other* 27 14 8 4 31.5% 28.0% Total 480 412 129 142 27.0% 34.5% H1 2025 H1 2024
Slide 28: Sectors: Metals – Vertically Integrated Structure
Sectors Metals Metal’s fully vertically integrated structure enables better cost control and strengthens competitiveness Alumina price (US$/t) LME price & Billet Premia (US$/t) 3,500 800 800 34 700 700 29 600 3,000 600 500 24 500 400 19 2,500 300 400 14 200 2,000 300 100 9 Dec-22 Mar-23 Dec-23 Mar-2
Slide 29: Thank you
Thank you
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