Slide 1: Quarterly Report First 3 Months 2018/19
Quarterly Report First 3 Months 2018/19 Analyst Conference Call on February 13, 2019
Slide 2: Operating earnings before taxes down on the very good previous year due to shutdowns
Operating earnings before taxes down on the very good previous year due to shutdowns 3M 3M 2018/19 2017/18 Operating EBT (€ million) 40 79 Net cash flow (€ million) -308 -246 Operating ROCE (%) 11.1 15.4 (operating EBIT last 4 quarters) February 2019 2
Slide 3: Efficiency improvement program: Fully on track
Efficiency improvement program: Fully on track Target: Project success > € 200 million (base year: 2014/15) (in € million) + 80 > 200 » Measures for 2018/19 have been identified and + 60 are being implemented (> 120) » We are currently ahead of schedule, but we maintain our goal of € 200 million pro
Slide 4: Generally positive market environment
Generally positive market environment Trend in significant market prices and refining charges 350% 100 % = Sept. 2016 European refining charges for 300% copper scrap Sulfuric acid price (spot CFR Brazil) 250% Exchange rate (US$/€) 200% TC/RCs for copper concentrates (contract) Copper premium 150% 10
Slide 5: Operating EBT below previous year
Operating EBT below previous year 3M 3M Change (operating IFRS) 2018/19 2017/18 Absolute Relative Revenues €m 2,614 2,872 -258 -9 % Gross profit €m 264 291 -27 -9 % EBITDA €m 76 114 -38 -33 % EBIT €m 42 82 -40 -49 % EBT €m 40 79 -69 -49 % Consolidated net income €m 30 60 -30 -50 % February 2019 5
Slide 6: Solid balance sheet figures provide room for future growth
Solid balance sheet figures provide room for future growth 3M 18/19 3M 17/18 Target ROCE* % 11.1 15.4 15.0 Equity ratio (equity / total liabilities) % 56.6 51.4 > 40.0 Debt and interest coverage** 0.4 0.1 < 3.0 Additional KPIs 3M 18/19 3M 17/18 Capital expenditure (including finance €m 46 44 leases)
Slide 7: Segment MRP: Unscheduled shutdowns negatively impact operating results
Segment MRP: Unscheduled shutdowns negatively impact operating results Operating results for Segment Metal Refining & Processing (MRP) (first 3 months FY 2018/19) 3M 3M Segment MRP » Unscheduled shutdowns in Hamburg, Pirdop, and Lünen led to 18/19 17/18 negative effect of approx. € 25 million EBIT (
Slide 8: Segment FRP: Efficiency improvement program positively influences operating EBT
Segment FRP: Efficiency improvement program positively influences operating EBT Operating results for Segment Flat Rolled Products (FRP) (first 3 months 2018/19) 3M 3M Segment FRP 18/19 17/18 EBIT (in €m) -1 -5 » Operating EBT significantly up on previous year due to positive effects from the ongoin
Slide 9: Our strategic triad guides our future activities
Our strategic triad guides our future activities February 2019 9
Slide 10: Growth: Project Future Complex Metallurgy (FCM)
Growth: Project Future Complex Metallurgy (FCM) New facilities in Hamburg and Olen: » Bath smelting furnace, as well as leaching and electro-winning plant » Capex: around € 320 million (PFS) Additional use of input materials: » 270,000 t of concentrates, recycling raw materials, and smelter intermed
Slide 11: Overall forecast confirmed for fiscal year 2018/19
Overall forecast confirmed for fiscal year 2018/19 » Copper price: average 2019 copper price forecast at US$ 6,307/t (Reuters poll 01/2019) For FY 2018/19, we » Copper concentrates: good supply with satisfactory TC/RCs expected expect moderately » Plant availability at our primary copper smelters ex
Slide 12: Thank you for your attention
AAurubis Metals for Progress VISION VISION 2025 Ps Passion for metallurgy for progress Ig with you Thank you for your attention
Slide 13: Your IR Contacts and Financial Calendar
Your IR Contacts: Angela Seidler Elke Brinkmann Christoph Tesch Head of Investor Relations Senior Manager Senior Manager +49 40 7883-3178 +49 40 7883-2379 +49 40 7883-2378 a.seidler@aurubis.com e.brinkmann@aurubis.com c.tesch@aurubis.com Financial Calendar » Annual General Meeting 2/28/2019 » Interi
Slide 14: 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