Slide 1: Interim Report First 9 Months 2021/22
Interim Report First 9 Months 2021/22 Analyst Conference Call on August 5, 2022
Slide 2: Executive summary of first 9 months 2021/22
Executive summary of first 9 months 2021/22 Ongoing strong market conditions and good performance led to very strong nine months figures of FY 2021/22, despite higher energy prices and Operating EBT maintenance shutdown in Hamburg ROCE 9M 2021/22 of € 448 million 18.6 % (PY: 13.5 %) Substantially hi
Slide 3: Aurubis achieved strong 9 months figures results
Aurubis achieved strong 9 months figures results 9M 9M Change vs. (operating IFRS) 2021/22 2020/21 prior year Revenues €m 14,277 12,180 17 % Gross profit €m 1,266 1,057 20 % EBITDA €m 594 415 43 % EBIT €m 453 275 65 % EBT €m 448 268 67 % Consolidated net income €m 347 205 69 % Operating ROCE (%) 18.
Slide 4: Market conditions in YTD 2021/22: Strong industrial metals and sulfuric acid markets
Market conditions in YTD 2021/22: Strong industrial metals and sulfuric acid markets Trend in significant market prices and refining charges 300% 100 % = Sept. 2018 250% Sulfuric acid price (spot CFR Brazil) Copper price (settlement) 200% Copper premium 150% European refining charges for 100% copper
Slide 5: Gross margin split 2021/22 YTD
Gross margin split 2021/22 YTD Breakdown of income components in the Aurubis Group 9M 2021/22 YTD (YTD prior-year figures) 27 % (34 %) Treatment charges for concentrate + 39 % (36 %) recycling input Metal gains ~ € 1,677 million* (~ € 1,458 million*) 34 % (30 %) Premiums + Products * Gross margin =
Slide 6: Increase in energy costs raises Group costs
Increase in energy costs raises Group costs Overview of cost/expense positions 9M 2021/22 YTD (YTD prior-year figures) 10 % (12 %) Depreciation and amortization 32 % (36 %) Personnel costs 12 % (11 %) Consumables ~ € 1,371 million* 12 % (11 %) (~ € 1,199 million*) External services 17 % (18 %) 17 %
Slide 7: Significant increase in energy prices
Significant increase in energy prices Electricity consumption and CO2 scopes Electricity incl. oxygen consumption in the Aurubis Group: approx. 1.94 TWh (2021) Breakdown of energy costs in the Aurubis Group 9M 2021/22 YTD (YTD PY) CO2 emissions of 1.60 million t (2021) 73 % (79 %) − 0.56 million t o
Slide 8: Aurubis with ongoing strong financials
Aurubis with ongoing strong financials 9M 9M 2021/22 2020/21 Target ROCE1 % 18.6 13.5 15.0 Equity ratio % 50.6 44.4 > 40.0 (equity / total assets) Debt coverage2 -0.2 0.0 < 3.0 9M 9M Additional KPIs 2021/22 2020/21 Capital expenditure €m 225 137 Capital employed €m 2,970 2,734 (balance sheet date) N
Slide 9: Multimetal Recycling segment
Multimetal Recycling segment Breakdown of income components in MMR segment 9M 2021/22 YTD (YTD prior-year figures) 9M 9M Operating results 2021/22 2020/21 43 % (49 %) Refining Charges 53 % (46 %) EBIT €m 175 184 Metal gains for recycling input EBT €m 174 180 ROCE1 % 36.6 30.8 Quantities Other recycl
Slide 10: Custom Smelting & Products segment
Custom Smelting & Products segment Breakdown of income components in CSP segment 9M 2021/22 YTD (YTD prior-year figures) 9M 9M Operating results 2021/22 2020/21 EBIT €m 327 136 48 % (42 %) EBT €m 323 134 33 % (31 %) Premiums + Metal gains Products ROCE1 % 14.7 10.1 Quantities Concentrates mt 1,780 1
Slide 11: Market outlook for 2021/22
Market outlook for 2021/22 We anticipate an increasing concentrate supply from the mine side, supported by new Copper greenfield projects as well as the extension of brownfield operations. concentrates Our smelters are well supplied beyond the end of FY 2021/22. We expect a stable supply of copper s
Slide 12: FY 2021/22 forecast – guidance confirmed
FY 2021/22 forecast – guidance confirmed Our forecast range EBT between Operating OperatingROCE € 500 – € 600 million between 17 % and 21 % Operating EBT Operating ROCE in € million in % Multimetal Recycling 200 – 260 23 – 27 Custom Smelting & 350 – 410 17 – 21 Products Aurubis Conference Call Q3 20
Slide 13: Current situation on the German/European gas market
Current situation on the German/European gas market Gas market − Emergency gas plan for gas of the German government – stage 2 has been in place since June 23, 2022. It comprises different market mechanisms to reduce natural gas consumption. Market mechanics (auction system) to market excess gas is
Slide 14: Aurubis mitigation measures
Aurubis mitigation measures Mitigation / Counteraction measures taken by Aurubis Aurubis’ natural gas demand in Europe 2021 − Task force and active crisis management on board and management level has been implemented − Aurubis Group CY2021: 1,210,000 MWh − Metal production (smelter activities) in Ha
Slide 15: The Copper Mark – Aurubis Bulgaria, Hamburg and Lünen smelter certified!
The Copper Mark – Aurubis Bulgaria, Hamburg and Lünen smelter certified! − The Copper Mark launched for copper producers in March 2020 − Basis: UN SDGs & Risk Readiness Assessment − Review of the 32 sustainability criteria − Focus on steady improvement of the sector − Joint Due Diligence Standard en
Slide 16: New Power Purchase Agreement (PPA) for Aurubis Olen
New Power Purchase Agreement (PPA) for Aurubis Olen − 10-year Power Purchase Agreement with Eneco for 12 Megawatt − Renewable energy to be sourced from Belgian offshore wind farm SeaMade − As of January 2023, more than 90 % of the externally generated power of Aurubis Olen will come from renewable e
Slide 17: Closing of partial sale of four flat rolled products sites
Closing of partial sale of four flat rolled products sites − Aurubis is selling parts of its FRP segment to KME SE − Approval by the relevant supervisory authorities in May − Closing of the transaction on July 29, 2022 − Purchase price: about € 12 million plus about € 63 million for the net working
Slide 18: Richmond – Groundbreaking ceremony
Richmond – Groundbreaking ceremony Aurubis Richmond Aurubis Conference Call Q3 2021/22 18
Slide 19: Thank you for your participation.
Thank you for your participation. For further questions, contact: IR@aurubis.com
Slide 20: Your IR contacts
Your IR contacts Angela Seidler Elke Brinkmann Ferdinand von Oertzen VP Investor Relations & Head of Investor Relations Specialist Investor Relations Corporate Communications +49 40 7883-2379 +49 40 7883-3179 +49 40 7883-3178 e.brinkmann@aurubis.com f.vonoertzen@aurubis.com a.seidler@aurubis.com Aur
Slide 21: Financial calendar
Financial calendar − Annual Report 2021/22 December 7, 2022 Aurubis Conference Call Q3 2021/22
Slide 22: 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 f
Slide 23: Scheduled shutdowns in the next 3 years
Scheduled shutdowns in the next 3 years EBT effect from scheduled shutdowns (in € million) Status: February 2022 FY 2021/22 FY 2022/23 FY 2023/24 Smelter May/ May/ maintenance ~28 ~25 June 2022 June 2024 Hamburg Smelter Aug./ ~16 maintenance Sept. 2023 Pirdop Anode Nov./ Nov./ Nov./ furnace ~10 ~9 ~
Slide 24: 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