Slide 1: Quarterly Report First 9 Months 2023/24
Quarterly Report First 9 Months 2023/24 Conference Call on August 5, 2024
Slide 2: Executive summary of first 9 months 2023/24
Executive summary of first 9 months 2023/24 Aurubis achieves ongoing strong operating result in first 9 months of FY 2023/24 Operating EBT Operating EBT positively influenced by increased TC/RCs for concentrates, a 9M 2023/24 of Operating ROCE significantly higher metal result, higher earnings from
Slide 3: Aurubis shows positive results development after 9 months of FY 2023/24
Aurubis shows positive results development after 9 months of FY 2023/24 9M 9M Change vs. (operating) 2023/24 2022/231 prior year Revenues €m 12,939 12,951 0% Gross profit €m 1,282 1,084 18 % EBITDA €m 475 394 21 % EBIT €m 328 248 32 % EBT €m 333 257 30 % Consolidated net income €m 267 205 31 % Opera
Slide 4: Market conditions in 9M 2023/24
Market conditions in 9M 2023/24 Trend in significant market prices and refining charges 100 % = Sept. 2020 600% Sulfuric acid price 500% (spot CFR Brazil) Copper price (settlement) 400% Exchange rate (US$/€) 300% European refining charges for copper scrap no. 2 200% Copper premium 100% TC/RCs for co
Slide 5: Gross margin at prior-year level
Gross margin at prior-year level Breakdown of income components in the Aurubis Group 9M 2023/24 YTD (YTD prior-year figures1) 31 % (34 %) Treatment charges for concentrate + 33 % (26 %) recycling input Metal result ~ € 1,640 million* (~ € 1,478 million*) 37 % (40 %) Premiums + products 1 Prior-year
Slide 6: Overview of Group costs — further decrease in energy costs
Overview of Group costs — further decrease in energy costs Overview of cost/expense positions 9M 2023/24 YTD (YTD prior-year figures1) 10 % (10 %) Depreciation and amortization 33 % (31 %) Personnel costs 11 % (14 %) Consumables ~ € 1,479 million* 12 % (13 %) (~ € 1,399 million*) External services 2
Slide 7: Aurubis’ financial position enables our growth strategy
Aurubis’ financial position enables our growth strategy 9M 9M 2023/24 2022/23 Target ROCE1 % 11.1 11.23 15.0 Equity ratio % 54.4 56.6 > 40.0 (equity/total assets) Debt coverage2 0.5 0.0 < 3.0 9M 9M Additional KPIs 2023/24 2022/23 Capital expenditure €m 556 374 Capital employed €m 3,968 3,340 (balanc
Slide 8: Multimetal Recycling segment
Multimetal Recycling segment Breakdown of income components in MMR segment 9M 2023/24 YTD (YTD prior-year figures2) 9M 9M Operating results 2023/24 2022/232 45 % (47 %) EBIT €m 108 141 Refining charges 47 % (45 %) EBT €m 109 143 for recycling input Metal result ROCE1 % 10.4 15.8 Quantities ~ € 493 m
Slide 9: Custom Smelting & Products segment
Custom Smelting & Products segment Breakdown of income components in CSP segment 9M 2023/24 YTD (YTD prior-year figures2) 9M 9M Operating results 2023/24 2022/232 25 % (27 %) EBIT €m 314 165 Treatment charges for concentrate + 26 % (17 %) EBT €m 317 173 Metal result recycling input ROCE1 % 16.1 12.2
Slide 10: Market outlook for 2023/24
Market outlook for 2023/24 We anticipate a reduced but sufficient concentrate supply for Aurubis from the mining side due to Copper our long-term sourcing strategy with the global mining industry. concentrates Our smelters are already supplied until the end of CY 2024. Aurubis expects a good supply
Slide 11: Confirmation of FY 2023/24 guidance
Confirmation of FY 2023/24 guidance Our forecast range OperatingEBT OperatingROCE between € 380 million between 10 % and € 480 million and 14 % Operating EBT Operating ROCE in € million in % Group 380 – 480 10 – 14 Multimetal Recycling 60 – 120 5– 9 Custom Smelting & 410 – 470 19 – 23 Products Aurub
Slide 12: Largest planned maintenance shutdown at the Hamburg site concluded successfully
Largest planned maintenance shutdown at the Hamburg site concluded successfully Financial impacts − Timeframe: May–July 2024 − Capex: approx. € 235 million in FY 2023/24 Maintenance € 95 million H2-ready anode furnace around € 40 million Industrial heat system around € 100 million − EBT effect
Slide 13: Lünen site: Investments in a modernized tankhouse and innovative system for automated sample preparation
Lünen site: Investments in a modernized tankhouse and innovative system for automated sample preparation Aurubis Analyst Conference Call on August 5, 2024 13
Slide 14: More visible progress at Aurubis Richmond
More visible progress at Aurubis Richmond Aurubis Analyst Conference Call on August 5, 2024 14
Slide 15: Secure & strengthen core business: BOB & ASPA progressing well
Secure & strengthen core business: BOB & ASPA progressing well Aurubis Analyst Conference Call on August 5, 2024 15
Slide 16: Pursue growth options: Battery recycling
Pursue growth options: Battery recycling Aurubis Analyst Conference Call on August 5, 2024 16
Slide 17: Timeline of strategic projects in implementation
Timeline of strategic projects in implementation Timeline for the commissioning of our strategic projects 2024 2025 2026 − Bleed treatment Olen Beerse (BOB) − Solar Park 4 (BG Pirdop) − Tankhouse Expansion (BE Olen) (BG Pirdop) − CRH (DE Hamburg) − Industrial Heat II (DE Hamburg) − Precious Metals R
Slide 18: New Executive Board team completed
New Executive Board team completed Toralf Haag Inge Hofkens Roland Harings CEO COO Multimetal as of Sept. 1, 2024 Recycling CEO until Aug. 31, 2024 Markus Kramer Steffen Hoffmann Tim Kurth CTO CFO COO Custom until Sept. 30, 2024 as of Oct. 1, 2024 Smelting & Refining Resumes his as of Sept. 1, 2024
Slide 19: Financial calendar
Financial calendar − Annual Report 2023/24 December 5, 2024 − Q1 2024/25 February 5, 2025 − Annual General Meeting April 3, 2025 (preliminary) − Q2 2024/25 May 8, 2025 − Q3 2024/25 August 5, 2025 − Annual Report 2024/25 December 4, 2025 Aurubis Analyst Conference Call on August 5, 2024 19
Slide 20: Quarterly Report First 9 Months 2023/24
Quarterly Report First 9 Months 2023/24 Conference Call on August 5, 2024
Slide 21: Your IR contacts
Your IR contacts Angela Seidler Elke Brinkmann Ferdinand von Oertzen VP Investor Relations, Head of Senior Manager Corporate Communications Investor Relations Investor Relations +49 40 7883-3178 +49 40 7883-2379 +49 40 7883-3179 a.seidler@aurubis.com e.brinkmann@aurubis.com f.vonoertzen@aurubis.com
Slide 22: Overview of restated operating EBT Q1–Q4 2022/23
Overview of restated operating EBT Q1–Q4 2022/23 relevant only at Group and CSP level – No new findings have resulted since April 2024 from the 3M 6M 9M 12M investigation into and clarification of the criminal 2022/23 2022/23 2022/23 2022/23 (operating in €m) activities against Aurubis. Aurubis Grou
Slide 23: Scheduled shutdowns in the next 3 years
Scheduled shutdowns in the next 3 years EBT effect from scheduled shutdowns (in € million) Status: December 2023 FY 2023/24 FY 2024/25 FY 2025/26 Smelter May/July maintenance ~44 2024 Hamburg Anode furnace May/June ~6 Hamburg 2026 Smelter Apr/June maintenance ~24 2025 Pirdop KRS Lünen May 2024 ~10 M
Slide 24: 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 fo
Slide 25: 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