Slide 1: Interim Report First 6 Months 2017/18
Interim Report First 6 Months 2017/18 Analyst Conference Call on May 15, 2018
Slide 2: Very strong half-year results and improved ROCE
Very strong half-year results and improved ROCE 6M 6M 2017/18 2016/17 Operating EBT (€ million) 186 118 Net cash flow (€ million) -232 43 Operating ROCE (%) 14.9 10.4 (operating EBIT last 4 quarters) May 2018 2
Slide 3: Generally positive conditions, with different trends for the earnings drivers
Generally positive conditions, with different trends for the earnings drivers Trend in significant market prices and refining charges 350% 100 %= Sept. 2016 European refining charges for copper scrap 300% Sulfuric acid price (spot CFR Brazil) 250% Exchange rate (USD/€) TC/RCs for copper 200% concent
Slide 4: Current status of FRP sale and balance sheet effects pursuant to IFRS 5
Current status of FRP sale and balance sheet effects pursuant to IFRS 5 » Term sheet: 2/12/2018, purchase agreement: 3/29/2018 » Currently: Review by the antitrust authorities Rationale » Emphasis of Aurubis’ new strategy is on the strengthening of the standard copper business and the development of
Slide 5: Higher concentrate throughput and good recycling markets lead to significantly higher earnings
Higher concentrate throughput and good recycling markets lead to significantly higher earnings EBT in the first half-year 2017/18 (in € million, rounded) 1st HY 1st HY 17/18 16/17 Positive influencing factors: » Significantly higher concentrate throughput due to good 233 performance at both the Hamb
Slide 6: All key figures significantly higher than previous year
All key figures significantly higher than previous year 6M 6M Change (operating IFRS) 2017/18 2016/17 Absolute Relative Revenues €m 5,770 5,428 +342 6% Gross profit €m 622 554 +68 12 % EBITDA €m 254 190 +64 34 % EBIT €m 189 126 +63 50 % EBT €m 186 118 +68 58 % Consolidated net income €m 141 90 +51 5
Slide 7: Solid balance sheet figures provide an excellent position for future growth
Solid balance sheet figures provide an excellent position for future growth 3/31/2018 3/31/2017 (operating IFRS) operating operating Target Profitability ROCE* 14.9 % 10.4 % 15 % Capital structure - Equity ratio (equity / total liabilities) 52.8 % 48.0 % > 40 % - Fixed asset cover (equity / fixed as
Slide 8: Segment MRP: High operating performance increases profitability to nearly 20 %
Segment MRP: High operating performance increases profitability to nearly 20 % Operating results for Segment Metal Refining & Processing (MRP) (first 6 months FY 2017/18) 1st HY 1st HY Segment MRP 17/18 16/17 EBIT (in €m) 205 157 » Higher revenues of € 5,155 million (previous year: € 4,876 million),
Slide 9: Segment FRP: Operating EBT significantly higher than previous year
Segment FRP: Operating EBT significantly higher than previous year Operating results for Segment Flat Rolled Products (FRP) (first 6 months 2017/18) 1st HY 1st HY Segment FRP 17/18 16/17 EBIT (in €m) 4 -8 » Revenues of € 710 million (previous year: € 638 million), due to higher sales volumes and inc
Slide 10: Increase in the overall forecast for fiscal year 2017/18
Increase in the overall forecast for fiscal year 2017/18 » Copper price: average 2018 copper price at US$ 6,940/t (Reuters poll 4/2018) For FY 2017/18, we » Copper concentrates: satisfactory supply is expected to allow for expect a moderately corresponding TC/RCs, despite the lower benchmark higher
Slide 11: Implementation of our strategy is on track
Implementation of our strategy is on track May 2018 11
Slide 12: Efficiency: Completely on track to achieve project target of € 30 million for FY 2017/18
Efficiency: Completely on track to achieve project target of € 30 million for FY 2017/18 Target: project success > € 200 million (reference year 2014/15) (in € million) + 80 > 200 » Measures for 2017/18 have been identified and + 60 are being implemented (> 120) » We are currently fully on schedule
Slide 13: Additional investments at the Pirdop site in the course of a legally mandated planned shutdown
Additional investments at the Pirdop site in the course of a legally mandated planned shutdown in May/June 2019 Financial impact: » Capex: approx. € 19 million (FY 17/18: approx. € 11 million, FY 18/19: approx. € 8 million) » EBT effect: approx. € 11-12 million » Concentrate throughput effect: appro
Slide 14: Capital Market Day in Pirdop/Bulgaria on September 4 – 5, 2018
Capital Market Day in Pirdop/Bulgaria on September 4 – 5, 2018 Mai 2018 14
Slide 15: Thank you for your attention.
Thank you for your attention.
Slide 16: Your IR Contacts / 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 » Quarterly Report First 9 Months 2017/18 A
Slide 17: 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 ris