18 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's earnings presentation, 2024
Slide 1: 9M'24 Trading Update
9M’ 24 Trading Update ElvalHalcor: Beyond Metals Shaping Tomorrow
Slide 2: Financial Highlights
Financial Highlights 01 02 03 04 Increased sales volumes Strong performance Drop in Net Debt Payment of dividend despite subdued demand across Operational profitability by 171 EUR million from 0.04 EUR / share on 1st July most markets. (a-EBITDA) stood at EUR 9M’23 boosted by the strong 180 million.
Slide 3: Macroeconomic Charts
Macroeconomic Charts LME Prices TTF - Gas Increased LME prices Improved supply, lower consumption LME 4.500 TTF Natural Gas (EUR/MWh) 250,00 10.000 4.000 9.000 200,00 3.500 8.000 150,00 CU €/tn 3.000 AL €/tn 7.000 2.500 100,00 6.000 2.000 50,00 5.000 1.500 0,00 4.000 1.000 Aluminium Copper Heren TTF
Slide 4: Consolidated Cost Analysis
Consolidated Cost Analysis Energy costs dropped Excluding Al, Cu, Zn, and other metals costs. 9M 2023 9M 2024 Other operating Other operating Energy Energy 13% 18% 12% 14% Maintenance Maintenance 5% 6% Third party fees 13% Third party fees 17% 28% Employee benefits 26% Employee benefits 12% 11% Depr
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% +2.6% 106 104 108 100 102 98 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% 52 51 47 45 47 45 43 44 39 40 41 Q1 Q2 Q3 Q4 Source: Company inform
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% 53 -47.2% -2.9% 44 +19.6% 39 36 35 35 33 28 21 Q1 Q2 Q3 Q4 Copper 2022 2023 +45.6% +22.2% -9.6% 2024 31 +27.3% +84.3% 28 30 -7.3% 24 24 +29.2% 21 22 19 17 13 13 Q1 Q2 Q3 Q4 Source: Company informa
Slide 7: a-EBITDA evolution per ton
a-EBITDA evolution per ton By segment (EUR/ tons) AL -36% 590 -16% 378 319 9M’ 22 9M’ 23 9M’ 24 CU +62% +4% 591 613 366 9M’ 22 9M’ 23 9M’ 24 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 Revenue Breakdown (9Μ’24) Al Copper Revenue Breakdown (9Μ’24) Cu By Market (% of tons) By Market (% of tons) HVAC&R Other Industrial Markets Building & Construction Transportation 5% 2% 14% 9% Energy & Power Networks Industrial Applications 1% 28% 12
Slide 9: Revenue of Core Products per Geographical Segment
Revenue of Core Products per Geographical Segment Al Revenue breakdown (9M’24) Revenue breakdown (9M’24) Cu By Geographical Segment (% of €) By Geographical Segment (% of €) Αfrica & Oceania Greece Αfrica & Oceania 95% Americas 92% Americas outside Greece outside Greece Greece 1% 8% Asia 5% Asia 11%
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) -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 11: 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 12: Deviation analysis on the Consolidated Profit before taxes
Lower conversion prices and sales mix affected Deviation analysis on the profitability. Consolidated Profit before taxes Accounting metal result turns to positive. Amounts in €m Lower conversion prices and sales mix, partially offset by the downward in Decrease of net debt energy costs. (-171 M€ y-ο
Slide 13: Analysis on the Consolidated Cash Flows
Profitability and successful management Analysis on the of working capital paves the way for Consolidated Cash Flows further reduction of debt. Amounts in €m Improved due to Slowdown of Resilient successful management investments profitability. of working capital Repayment of long- term loans 173 11
Slide 14: 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 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 -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 15
Slide 16: Q&A Session
Q&A SESSION ElvalHalcor: Beyond Metals Shaping Tomorrow
Slide 17: 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 18: elvalhalcor.com
elvalhalcor.com