Elvalhalcor Hellenic Copper And Aluminium Industry S.a. · ATHEX:ELHA
Elvalhalcor Hellenic Copper And Aluminium Industry — ElvalHalcor — Investor Presentation (November 2024)
63 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's investor presentation, November 2024
Slide 1: Beyond Metals Shaping Tomorrow
Beyond Metals Shaping Tomorrow 11.2024 Corporate Presentation
Slide 2: Table of Contents
Table of Contents 01. 02. 03. 04. 05. 06. We are Sustainability Aluminium Copper Market Our ElvalHalcor segment segment update Performance 2
Slide 3: Viohalco at a glance
Viohalco A Euronext-listed holding company of leading metal at a glance processing companies across Europe. Viohalco companies specialize in the manufacture of aluminium, copper, steel, steel pipes and cables products. Viohalco’s EUR 6.3 EUR 537 7 Sales in more than EUR 4.3 billion portfolio also in
Slide 4: We are ElvalHalcor
We are ElvalHalcor 4 ElvalHalcor Απολογισμός Βιώσιμης Ανάπτυξης 2023 5
Slide 5: ElvalHalcor at a glance / Facts
ElvalHalcor at a glance/ Facts ElvalHalcor More than 85 Among the Commercial export formed in years of biggest global orientation with December 2017 via experience non-ferrous well-balanced the merger of Elval metal industry international presence and Halcor producers across more than 90 countries P
Slide 6: Corporate Structure Overview
ElvalHalcor at a Glance. Corporate Structure Other Overview. Participations 93% 28% 2023 Other Aluminium Copper Shareholders segment 15.2% 84.8% segment 100% 100% 89% 100% 100% 100% 49% 75% 85% 50% 50% (1) (1) (1) 1. UACJ ElvalHalcor, HC Isitma and NedZink are JVs 6
Slide 7: International Focus
International Focus. Highly extrovert business model with solid presence in more than 90 countries around the globe and revenues generated abroad representing over. Greece 6% Other EU 66% 94% of total turnover Other Europe (non EU) 8% Production facilities United Kingdom 6% America 7% Asia 4% Group
Slide 8: Our Key Numbers
Our Key Numbers A Greek-based leading global player 31st December 2023 in the non-ferrous metals industry. 3.3 2.9 239 561 >900 € billion € billion € million thousand tons € million revenue (2023)) international sales a-EBITDA (2023) volume of sales investments during (2023) the last 10 years No.2 Ν
Slide 9: Pass-through Business Model
Raw Material Costs Sales Price EH Added Value Net Added (Fabrication and Value Transportation Cost Mark-up) Scrap Result LME +Premium Premium Scrap: Metal LME price net Result of scrap rebates LME Metal Price Pass-through Primary Aluminium, Copper Raw Material Costs: Business Model and Alloys: Accou
Slide 10: Aluminium Strategic Priorities
Strategic Priorities. Capitalizing on market trends and own strengths to accelerate EBITDA growth. Situation overview / Actions Situation overview / Actions • Aluminium FRP plant operated near full capacity, which was Increase Installed Capacity (‘000tn)(1) up to 375 thousand tons, before the instal
Slide 11: Sustainability Shaping tomorrow
Sustainability Shaping tomorrow
Slide 12: Sustainability Strategy
Sustainability Committed Strategy to sustainable growth. A comprehensive strategy with the aim of the integrated management of all environmental, social and governance risks. Strategic pillars Εnergy Carbon Health Supply transition footprint and Safety chain Progressive Short and 5-year plan for Res
Slide 13: Environment Social Governance
Environment Social Governance ESG risks mitigation is a priority for the Company’s responsible operation. Environment • Support sustainable products decarbonization technologies and circular economy • Continuous improvement of our environmental carbon footprint • Apply responsible practices and prev
Slide 14: Sustainable Operation
Sustainable Track record highlighting Operation actions for continuous improvement in material issues. Aluminium State of the art On line monitoring and Copper industrial and control of recycling wastewater environmental for low carbon products treatment for the parameters Oinofyta plants Recovery o
Slide 15: Empowering Our People
Empowering Our people Our people are the key to our success. Our people and partners’ We empower our people A rewarding work environment Continuous, ongoing training health and safety is our (improving leadership skills and based on equal opportunities for and employee development priority and prima
Slide 16: A powerful sector of the Greek economy
A powerful sector of the Greek economy. Our financial and social footprint in Greece is significant according to an impact study conducted by IOBE (2023 data)*. €2.3 billion €1.25 billion 7.4% 55.5% €730 million production value in 2023 annual total impact of of the country’s total total exports of
Slide 17: Megatrends. Shaping tomorrow
Megatrends. Shaping tomorrow
Slide 18: Megatrends. Enablers
Megatrends. Enablers. Enabling the transition to climate neutrality. Circular Transition Urbanization Technological economy to net zero • Sustainable and advancements • Low carbon and • Electrification smart buildings • Industry 4.0 recyclable products • Power storage • Energy efficiency in • Digita
Slide 19: Products. Megatrends
Products. Megatrends. Aluminium segments’s products & solutions • End of life recycling, mainly for the • Sheets and coils for beverage cans, food • Anodized or coated profiles for bicycle rims packaging, building and transportation containers, closure caps and aerosol valves. Foil for • Mill finish
Slide 20: Aluminium: The metal of the future
Aluminium: The metal of the future Plays a key role in Infinitely recyclable Can be recycled endlessly sustainability and circular without loss of material economy properties Integral part The most abundant of industrial sectors metal in the earth’s Lightweight, durable, crust formable, insulating a
Slide 21: Copper's key role for a sustainable world
Copper’s key role for a sustainable world In many modern applications 100% Recyclable Antimicrobial properties 21 Durable, malleable, with high Copper can be recycled infinitely without A safe material that helps eliminate thermal and electrical conductivity losing its properties or performance dang
Slide 22: Overview of Growth drivers
Overview Global effort for reduction of plastic pollution is leading of Growth drivers. to increased demand for fully recyclable materials like aluminium and copper. Aluminium and Copper are 100% recyclable without loss of properties, making each of them a very sustainable material of choice for the
Slide 23: Overview of Growth Drivers
Overview of Global effort for reduction of plastic pollution leads to increased demand Growth Drivers for fully recyclable materials like aluminium and copper. 23
Slide 24: Growth Drivers. Aluminium E-mobility
Growth Drivers. Aluminium Aluminium demand will be substantially impacted by the E-mobility. growing market for electric vehicles (EVs) over the next decade. With the EU’s ambitious target of a 55% reduction in CO2 emissions for cars by 2030, aluminium will continue to be critical in the material mi
Slide 25: E-mobility. Cu-Alu
e-mobility. Cu-Alu Copper and aluminium demand will be substantially impacted by the growing market for electric vehicles (EVs) over the next decade. Copper is used in electric motors, batteries, inverters, wiring and in charging stations. Battery boxes are strong drivers for aluminum. Copper conten
Slide 26: Aluminium segment. Shaping tomorrow
Aluminium segment. Shaping tomorrow 26
Slide 27: Aluminium Segment
Aluminium Segment. State-of-art No.2 7 plants 92% EUR 800mil. production facilities aluminium rolling plant in Greece of turnover in Invested in equipment with capabilities to in Europe sales abroad in and R&D for capacity produce wide coils and (in hot rolling more than 90 expansion and quality lon
Slide 28: Revenue of Core Products by Market & Geographical Segment
Revenue of Core Products by Market & Geographical Segment Aluminium Revenue breakdown (FY 2023) By Market (% of tons) By Geographical Segment (% of €) HVAC&R Building & Construction Αfrica & Oceania Greece 93% 6% Americas outside 14% 1% 7% Energy & Power Networks Asia 11% Greece 1% 3% Other European
Slide 29: Revenue of Core Products by Market & Geographical Segment
Revenue of Core Products by Market & Geographical Segment Aluminium Revenue breakdown (9M 2024) By Market (% of tons) By Geographical Segment (% of €) Αfrica & Oceania Greece HVAC&R Building & Construction Americas 92% 5% 1% 8% outside Greece 14% 11% Energy & Power Networks Asia 1% 3% 12% Transporta
Slide 30: Main Production Facilities
Main Production Facilities Rolling Foil Rolling Foil Converting Oinofyta Greece Oinofyta Greece Mandra Greece Flat rolled aluminium products Foil for: • Conversion of aluminium foil into packaging applications and solutions for: • Flexible packaging (food & pharma) • Aluminium foil coating and/or pa
Slide 31: Main Production Facilities
Main Production Facilities Coated Products & Composite Panels Rolling Shutters Aluminium recycling and casting Agios Thomas Greece Nea Artaki Greece Agios Thomas, Viotia, Greece Solutions for a complete range of coated aluminium • Aluminium rolling shutters and doors • Aluminium billets products use
Slide 32: Aluminium - Rolled Products/Markets
Aluminium - Rolled Products/Markets Packaging • Beverage cans • Food containers • Flexible packaging • Household foil Shipbuilding • Patrol vessels • Catamarans • Yachts • Ferries Commercial Transportation • Tipper trucks • Road silos • Refrigerator trucks • Cargo wagons Automotive • Internal parts
Slide 33: Aluminium - Rolled Products/Markets
Aluminium - Rolled Products/Markets Industrial Applications • Renewable energy • Bus ducts • Lamp base • Telecommunication cabins Domestic Applications • Cookware • White goods Building & Construction • Façades • Functional • Roofing coatings • Rain gutters • Flashings • False ceilings • Multi-layer
Slide 34: Aluminium - Extruded profiles/Markets
Aluminium - Extruded profiles/Markets Industrial applications • Radiators • Stages • Industrial parts Building & Construction Residential • Doors & windows • Shading systems • Balustrades Building & Construction Large Scale Projects • Doors & windows • Partition walls • Façades 34
Slide 35: Certified Processes & Quality Standards
Certified Processes & Quality Standards ➢ Quality: certified according to ISO 9001:2015 ➢ Environmental management system: certified with ISO 14001:2015 ➢ Energy management system: certified according ISO 50001:2018 ➢ Health and safety management systems: certified according to ISO 45001:2018 ➢ Cert
Slide 36: R&D&I & Technology
R&D&I & Technology ElvalHalcor invests continuously in R&D&Ι of processes, products, and materials while promoting innovation. As an active member of Elkeme (Hellenic Research Centre for Metals), ElvalHalcor capitalizes on research to develop efficient technology, cutting- edge products and integrat
Slide 37: Copper segment. Shaping tomorrow
Copper segment. Shaping tomorrow 37
Slide 38: Copper Segment
Copper Segment. State of the art production facilities European market Products sold High Strong input in: for copper and copper alloy and zink leader in copper in around specifications • HVAC&R industry titanium products: • Largest tube mill in EMEA region and tubes. Rapidly rising position 80 coun
Slide 39: Production Facilities
Production Facilities Foundry Copper Tubes Copper Alloy Copper TubesBars, Tubes and Wires Oinofyta, Greece Oinofyta, Greece Oinofyta, Greece Foundry producing: Copper tubes plant producing: Specialises in the production • Copper billets and slabs • Copper tubes with or without plastic of extruded co
Slide 40: Production Facilities
Production Facilities Copper / Copper alloys rolled & extruded Wires Coin blanks Sofia, Bulgaria Livadia, Greece Pogoni, Greece Specialises in the production of a wide Specialises in the production of enameled copper and Specialises in the production of all types of range of bare and plated rolled a
Slide 41: Production Facilities
Production Facilities Tubes Titanium Zinc (1) (1) Gebze, Turkey Budel, Netherlands Specializes in the production of Specializes in the production of rolled pre-insulated copper tubes coils. titanium zinc products. Capacity: Capacity: 10 million meters/year 36,000 tons/year 1. HC Isitma and NedZink a
Slide 42: Revenue of Core Products by Market & Geographical Segment
Revenue of Core Products by Market & Geographical Segment Copper Revenue Breakdown (FY 2023) By Market (% of tons) By Geographical Segment (% of €) Αfrica & Oceania Transportation Other Industrial Markets Americas Greece 95% 2% Asia 5% outside Greece 8% 4% Industrial Applications 5% Other European c
Slide 43: Revenue of Core Products by Market & Geographical Segment
Revenue of Core Products by Market & Geographical Segment Copper Revenue Breakdown (9M 2024) By Market (% of tons) By Geographical Segment (% of €) Αfrica & Oceania Transportation Other Industrial Markets Americas Greece 95% 2% Asia 5% outside Greece 9% Industrial Applications Other European countri
Slide 44: Products & Main Applications
Products & Main Applications. HVAC&R Industrial • Air-conditioning Applications • Refrigeration • Fittings • Heat exchangers • High frequency cables • Boilers • Filters • Various industrial applications Building & Renewable Construction Energy • Water supply and Heating networks • Solar absorbers •
Slide 45: Products & Main Applications
Products & Main Applications. Extruded Products Copper alloy and brass rods, bars, tubes, wires for: Building & Construction, Electrical Engineering , Automotive, Naval and Decoration applications. 45
Slide 46: Products & Main Applications
Products & Main Applications. Industrial Automotive • General mechanical Commercial engineering transportation • Heat exchangers • Connectors • Deep drawing quality • Battery terminals • Pre-rolled • Power distribution bus bars • Ventilation & Air- • Relays & sensors conditioning • Switches & contac
Slide 47: Products & Main Applications
Products & Main Applications. Enamelled Coin & Welding Wires Blanks, Circles, • Enamelled copper DDQ and aluminium wires • Rectangular enamelled Copper wires • Coin blanks all types • Copper welding wires • Rings for bi-colour coin blanks • Cymbals • Decorative parts • Boilers for Solar Systems • De
Slide 48: Certified Processes Quality Standards
Certified Processes Quality Standards. SPAIN - AENOR FRANCE - AFNOR GERMANY – TUV CERT U.K. - BSI GERMANY - DVGW NETHERLANDS - KIWA AUSTRIA - UA FRANCE - CSTB USA - NSF GERMANY - CU FINLAND –EUROFI SWEDEN -RISE • Quality management system: certified according to ISO 9001:2015 EUROFINS • Environmenta
Slide 49: Market Update
Market Update
Slide 50: Diversified Exposure to Structural Attractive and Growing Markets
Diversified Exposure to Structural Selling product into diverse end markets that are expected Attractive and Growing Markets to grow or have limited sensitivity to economic cycles. Product Mix Key Macro Drivers Effect on ElvalHalcor Manufacturing activity and industrial growth in developed and emerg
Slide 51: Our Performance
Our Performance.
Slide 52: Consolidated Key Figures
Consolidated Resilient profitability and sales volumes. Key Figures Accounting metal result turning positive. AL CU Volumes (kTn) Revenue (€m) EBITDA (€m) -4.6% +4.4% -11.2% +1.4% -50.9% 447 2,878 426 445 294 2,555 2,590 +19.6% 1,502 301 1,259 1,303 315 173 1. Adjusted for aluminium and copper price
Slide 53: Consolidated Key Figures
Consolidated Resilient profitability and sales volumes. Key Figures. Accounting metal result turning positive. AL CU EBIT (€m) a - EBIT (€m) -63.6% -25.4% 243 179 -2.7% 133 130 +39.0% 190 1. Adjusted for aluminium and copper price fluctuations and other non recurring items. 123 142 71 65 88 57 36 66
Slide 54: Sales evolution per quarter
Sales evolution per quarter 2022 Sales volumes (‘000tn) 2023 -1.5% 2024 Aluminium 392 386 315 300 292 9M’22 9M’23 +2.8% +3.4% +8.3% -6.6% +11.4% +2.6% -4.1% 94 97 100 102 98 106 104 97 108 94 91 Q1 Q2 Q3 Q4 Total Copper 2022 -7.6% 2023 189 2024 175 146 134 130 9M’22 9M’23 -8.6% -4.1% -6.9% -4.7% -9.
Slide 55: a-EBITDA evolution per quarter
a-EBITDA evolution per quarter 2022 2023 a-EBITDA (€m) 2024 Aluminium -30.0% 205 177 9M’22 144 -44.9% 110 -26.8% -39.4% +26.1% 9M’23 100 -47.2% +19.6% -2.9% 66 58 53 44 39 36 35 35 33 21 28 Q1 Q2 Q3 Q4 Total 2022 +44.6% 2023 Copper 2024 96 79 80 66 9M’23 +45.6% +22.2% +27.3% +84.3% 53 -9.6% 9M’22 -7
Slide 56: Evolution of the Consolidated Working Capital & Net Debt
Evolution of the Consolidated Working Capital & Net Debt Improved Net Debt and Working Capital y-o-y (9M’23) and from 31.12.2023. The majority of the Debt is on long-term tenure. Working Capital % of Sales Short term bank loans 30.09.2023 Current portion of long term ~ 20% ~ 19% ~ 17% 31.12.2023 Lon
Slide 57: Capex Evolution
Capex Slowing down Evolution Investments. Cu Al 172 Source: Annual Financial Statements and Company information. 164 12 €m 20 145 15 420 116 22 95 92 -31% 160 26 70 34 144 130 17 38 48 94 15 69 58 53 33 2018 2019 2020 2021 2022 2023 9Μ’23 9Μ’24 57
Slide 58: World-class investments
World-class investments. Continuous and targeted investments in key areas New Cold Rolling Mill (Mino) New Lacquering line (Andritz) New bell annealing facility
Slide 59: Conclusion. Highlights
Conclusion. Highlights ElvalHalcor has invested State of the art The 2nd aluminium A proven track- record, significantly in the last equipment and a rolling plant in Europe having reached No1 years and is ready to competitive cost base. (in terms of hot in the Cu tubes leverage the benefits. rolling
Slide 60: Income Statement
Income Statement PROFIT & LOSS STATEMENT Amounts in € million 9M'22 2022 9M'23 2023 9M'24 Revenue 2.877,4 3.714,2 2.554,9 3.293,4 2.590,5 Aluminium Segment 1.501,9 1.927,5 1.259,3 1.624,6 1.303,4 EBITDA CALCULATION 9M'22 2022 9M'23 2023 9M'24 Copper Segment 1.375,5 1.786,7 1.295,6 1.668,9 1.287,0 EB
Slide 61: Balance Sheet
Balance Sheet BALANCE SHEET BALANCE SHEET HIGHLIGHTS Amounts in € million 9M'22 2022 9M'23 2023 9M'24 Amounts in € million 9M'22 2022 9M'23 2023 9M'24 Non-current Assets (i) Working Capital Property, Plant and Inventories 1.004,2 861,9 825,4 734,7 784,7 1.033,3 1.031,7 1.041,2 1.051,7 1.042,1 Equipm
Slide 62: Disclaimer
Disclaimer The information contained in this corporate presentation (CP) has been prepared by ElvalHalcor S.A. (the Company). Forward Looking Statements It is based on historical financial data and other information already publicly disclosed by the Company. It also Certain statements in the CP are
Slide 63: : alvalha heaokien
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