18 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's earnings presentation, 2025
Slide 1: FY'24 Financial Results
FY’24 Financial Results Beyond Metals Shaping Tomorrow
Slide 2: Financial Highlights
Financial Highlights 01 02 03 04 Increased sales volumes from Resilient Operational Drop in Net Debt Dividend proposed Aluminium segment despite profitability by 170 EUR million boosted by 0.09 EUR / share subdued demand across most (a-EBITDA) stood at EUR the strong operating cash flows markets. 23
Slide 3: Macroeconomic Charts
Macroeconomic Charts LME Prices TTF - Gas Supply constraints and increased demand evaporated at the second Supply pressures and increased consumption at the end of the fiscal year semester of the fiscal year but prices remained in higher levels than 2023. LME 4.500 TTF Natural Gas (EUR/MWh) 10.000 2
Slide 4: Consolidated Cost Analysis
Consolidated Cost Analysis Decrease in energy costs Excluding Al, Cu, Zn, and other metals costs. 2023 2024 Other operating Other operating Energy Energy 13% 17% 12% 12% Maintenance Maintenance 6% 6% Third party fees 13% Third party fees 17% 28% Employee benefits 27% Employee benefits 12% 12% Deprec
Slide 5: Sales evolution per quarter
Sales evolution per quarter Sales volumes (‘000tn) 2022 Aluminium 2023 +8.3% +11.4% 2024 +2.8% +3.4% -4.1% -6.6% +5.9% +2.6% 106 104 108 100 102 98 100 94 97 97 94 91 Q1 Q2 Q3 Q4 Copper 2022 2023 2024 -8.6% -4.1% -6.9% -4.7% -9.2% +1.1% -5.5% -1.2% 52 51 47 45 47 45 43 44 39 40 41 41 Q1 Q2 Q3 Q4 Sou
Slide 6: a-EBITDA evolution per quarter
a-EBITDA evolution per quarter a-EBITDA (€m) Aluminium 2022 -44.9% 2023 -39.4% -26.8% 66 2024 58 +26.1% +16.8% 53 -47.2% -2.9% 44 +19.6% 39 36 39 35 35 33 28 21 Q1 Q2 Q3 Q4 Copper 2022 2023 +45.6% +22.2% -9.6% 2024 31 +27.3% +84.3% +13.4% 28 30 -7.3% 24 24 +29.2% 21 22 19 19 17 13 13 Q1 Q2 Q3 Q4 Sou
Slide 7: a-EBITDA evolution per ton
a-EBITDA evolution per ton By segment (EUR/ tons) AL -29% 523 -10% 372 335 2022 2023 2024 CU +57% +6% 547 578 349 2022 2023 2024 1. Source: Financial Statements and Company information. 7
Slide 8: Sales volume of Core Products by Market
Sales volume of Core Products by Market Aluminium Breakdown (FY’24) Al Copper Breakdown (FY’24) Cu By Market (% of tons) By Market (% of tons) Transportation Other Industrial Markets HVAC&R Building & Construction 5% 2% 14% 8% Energy & Power Networks Industrial Applications 1% 28% 12% Transportation
Slide 9: Revenue of Core Products per Geographical Segment
Revenue of Core Products per Geographical Segment Al Revenue breakdown (FY’24) Revenue breakdown (FY’24) Cu By Geographical Segment (% of €) By Geographical Segment (% of €) Αfrica & Oceania Greece Αfrica & Oceania Greece 95% 94% Americas outside Greece Americas outside Greece 6% 5% Asia 11% 1% Asia
Slide 10: Consolidated Key Figures
AL Consolidated Resilient profitability and sales volumes. CU Key Figures Accounting metal result turning positive. Volumes (kTn) Revenue (€m) EBITDA (€m) -3.7% +4.3% -11.3% +4.4% -45.9% 585 3,714 582 561 3,438 326 3,293 +37.6% 1,927 243 1,624 1,731 392 414 1. Adjusted for aluminium and copper price
Slide 11: Consolidated Key Figures: Reduced financial costs
Consolidated Key Figures. Reduced financial costs. AL CU EBIT (€m) a - EBIT (€m) -59.8% -17.5% 257 201 +3.2% +71.3% 166 171 177 200 157 92 1. Adjusted for aluminium and copper price fluctuations and other non recurring items. 94 103 94 46 83 72 79 57 57 44 2022 2023 2024 2022 2023 2024 EBT (€m) Fina
Slide 12: Deviation analysis on the Consolidated Profit before taxes
Although increased sales volume, lower conversion Deviation analysis on the prices and sales mix affected profitability. Consolidated Profit before taxes Accounting metal result turns to positive. Amounts in €m Lower conversion prices for Aluminium and Positively 54 126 sales mix, Decrease of net af
Slide 13: Analysis on the Consolidated Cash Flows
Analysis on the Profitability and successful management of working capital paves the way for Consolidated Cash Flows further reduction of debt. Amounts in €m Improved due Resilient to successful Slowdown of profitability. management investments of working capital Repayment of long- term loans 243 12
Slide 14: Evolution of the Consolidated Working Capital & Net Debt
Evolution of the Consolidated Working Capital & Net Debt Improved Net Debt and Working Capital from 31.12.2023. The majority of the Debt is on long-term Working Capital % of Sales tenure. Short term bank loans ~ 21% 31.12.2022 ~ 19% ~ 16% Current portion of long term 31.12.2023 Long term -21% 31.12.
Slide 15: 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 92 160 26 75 34 144 130 24 38 94 69 58 51 2018 2019 2020 2021 2022 2023 2024 15
Slide 16: Disclaimer
Disclaimer The information contained in this corporate presentation (CP) has been prepared by ElvalHalcor S.A. (the Company). It is Forward Looking Statements based on historical financial data and other information already publicly disclosed by the Company. It also includes Certain statements in th
Slide 17: elvalhalcor.com
elvalhalcor.com
Slide 18: Q&A Session
Q&A SESSION Beyond Metals Shaping Tomorrow