Slide 1: Conference Call Fiscal Year 2015/16
Conference Call on December 14, 2016 Conference Call Fiscal Year 2015/16 Jürgen Schachler CEO 1
Slide 2: Aurubis results align with market expectations
Aurubis results align with market expectations 12M 12M FY 2015/16 FY 2014/15 Operating EBT (€ million) 213 343 Net cash flow (€ million) 236 365 Operating ROCE (%) 10.9 18.7 2
Slide 3: Operating results significantly below previous year
Operating results significantly below previous year EBT 2015/16 (in € million, rounded) FY 15/16 FY 14/15 Main factors influencing the results » The scheduled shutdown in Pirdop, Bulgaria, with a lower 343 resultant throughput » Higher treatment and refining charges for copper concentrates with an i
Slide 4: Operating EBT and ROCE fulfill the expectations established at the start of the fiscal year
Operating EBT and ROCE fulfill the expectations established at the start of the fiscal year (operating IFRS) FY FY Change 2015/16 2014/15 Absolute Relative Revenues €m 9,475 10,995 (1,520) -14 % Gross profit €m 1,050 1,173 (123) -10 % EBITDA €m 358 500 (142) -28 % EBIT €m 229 370 (141) -38 % EBT €m
Slide 5: Reconciliation of statement of financial position and income statement from IFRS (operating) to IFRS
Reconciliation of statement of financial position and income statement from IFRS (operating) to IFRS (average cost method) IFRS based on IFRS using (in € million) operating average Adjustments Statement of financial position 9/30/2016 Total assets and liabilities 3,823 4,027 204 Assets Fixed assets
Slide 6: Strong statement of financial position, with an equity ratio of 48 %
Strong statement of financial position, with an equity ratio of 48 % (operating IFRS in € million) Assets Equity and liabilities 3,823 3,759 3,823 3,759 Fixed assets 1,404 1,387 (37%) Equity* 1,829 1,765 (37%) (48%) (47%) Provisions 527 418 1,494 1,374 (14%) (12%) Inventories (39%) (37%) 506 Borrowi
Slide 7: Very strong financial ratios in the Aurubis Group continue
Very strong financial ratios in the Aurubis Group continue (operating IFRS) 9/30/2016 9/30/2015 operating operating Target Profitability ROCE 10.9 % 18.7 % 15 % Capital structure - Equity ratio (equity / total assets and 47.8 % 46.9 % > 40 % liabilities) - Fixed asset cover (equity / fixed assets) 1
Slide 8: Executive Board and Supervisory Board propose a dividend of € 1.25
Executive Board and Supervisory Board propose a dividend of € 1.25 Aurubis dividend (in € per share) Payout ratio (in %) 54 53 1.35 1.35 51 1.25 46 46 1.10 1.00 11/12 12/13 13/14 14/15 15/16 11/12 12/13 13/14 14/15 15/16 proposal proposal 8
Slide 9: BU Primary Copper: Successful shutdown in Pirdop, TC/RCs at a high level
BU Primary Copper: Successful shutdown in Pirdop, TC/RCs at a high level Operating results in BU Primary Copper (fiscal year 2015/16) BU Primary FY FY Copper 15/16 14/15 EBIT (in €m) 154 271 » Strain on earnings (€ -29 million) due to maintenance and repair EBT (in €m) 143 256 shutdown in Bulgaria,
Slide 10: BU Copper Products: BL Rod & Shapes continues to support the results, refining charges under pressure
BU Copper Products: BL Rod & Shapes continues to support the results, refining charges under pressure Operating results in BU Copper Products (fiscal year 2015/16) BU Copper FY FY Products 15/16 14/15 EBIT (in €m) 106 138 » We were able to compensate for the weak copper scrap EBT (in €m) 101 130 sup
Slide 11: Copper price remains volatile
Copper price remains volatile Copper price and metal exchange inventories Metal exchange inventories in 1,000 t LME copper price (settlement) in US$/t 2000 10000 Copper price 1750 12/6/2016: 9000 5,856.0 1500 8000 1250 7000 1000 6000 750 5000 500 4000 250 3000 0 2000 10/10 04/11 10/11 04/12 10/12 04
Slide 12: Aurubis expects significantly higher EBT for 2016/17
Aurubis expects significantly higher EBT for 2016/17 » Continued good availability of copper concentrates should allow for a good supply of volumes with relatively high TC/RCs » Currently improved market outlook for copper scrap due to higher copper prices » Sulfuric acid markets still show an overs
Slide 13: Aurubis forecast for FY 2016/17
Aurubis forecast for FY 2016/17 Qualified comparative forecast according to Aurubis’ definition Change in operating EBT » For Business Unit Primary Copper, we expect both operating EBT and operating ROCE to be significantly higher in the new fiscal ±2% At prior-year level year. ± 3 to10 % Slight » F
Slide 14: Conference Call Fiscal Year 2015/16
Conference Call on December 14, 2016 Conference Call Fiscal Year 2015/16 Jürgen Schachler CEO 14
Slide 15: IR contacts and financial calendar
IR contacts: Angela Seidler Dieter Birkholz Elke Brinkmann Head of Investor Relations Senior Manager Senior Manager +49 40 7883-3178 +49 40 7883-3969 +49 40 7883-2379 a.seidler@aurubis.com d.birkholz@aurubis.com e.brinkmann@aurubis.com Financial calendar » Quarterly Report First 3 Months FY 2016/17
Slide 16: Legal disclaimer
Legal 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 risk
Slide 17: Stable shareholder structure
Stable shareholder structure Shareholder structure as of Nov. 2016 ~29 % » IPO in 1998 » Aurubis shares are in the Prime Standard ~25 % Segment of the Deutsche Börse » Shares are listed in the MDAX and in the Global Challenges Index (GCX) ~46 % Salzgitter AG Institutional investors Retail shareholde