Metlen Energy & Metals Plc · LSE:MTLN
Metlen Energy & Metals — H1 2025 Earnings Presentation
26 slides from Metlen Energy & Metals's earnings presentation, Sep 9, 2025
Slide 1: H1 2025 Financial Results Presentation
H1 2025 Financial Results Presentation 09.09.2025
Slide 2: Chairman's Message, Key Highlights, Calendar of Events, Key Financial Figures
01 02 03 04 Chairman’s Message Key Highlights Calendar of Events Key Financial Figures
Slide 3: Sectors, ESG Performance
05 06 Sectors ESG Performance
Slide 4: Chairman's Message
[EXTERNAL PERMITTED] Ol Chairman’s Message
Slide 5: Chairman's Message
01| Chairman’s Message 2025 is shaping up to be a landmark year for METLEN. The Company’s listing on the London Stock Exchange has already marked the beginning of a new chapter in its history, underpinned by a clear focus on growth, international expansion, and enhanced access to global markets. Dur
Slide 6: Key Highlights
[EXTERNAL PERMITTED] Hy O2 Key Highlights
Slide 7: Key Highlights
02| Key Highlights Financial Results H1 25 METLEN is on-track to meet both its short-as well as longer-term objectives as set in its CMD Revenues EBITDA Net Profit €3,608m €445m €254m +45% ΥοΥ -6% ΥοΥ -10% ΥοΥ Liquidity* Net Leverage / Net Debt Milestone - London Listing €2.8bn 2.06x / €2,016m* 4 Au
Slide 8: Key Highlights: Financial KPIs
02| Key Highlights Financial KPIs METLEN leverages operational performance by exploiting effectively cross-segment synergies Group EBITDA, ROCE & ROE Net Leverage Ratio (Net debt/EBITDA*) Strategically positions the company for long-term growth Low Leverage during aggressive CAPEX spending period 3.
Slide 9: Calendar Events
[EXTERNAL PERMITTED] Hy O3 Calendar Events
Slide 10: H1 2025 Calendar of Events
03| Calendar of Events H1 2025 Calendar of Events JAN25 FEB25 MAR25 New Large-Scale Mining, Metallurgical, and METLEN Energy & Metals Secures Long-Term Strategic METLEN strengthens its strategic presence in Industrial Investment by METLEN for the Agreements with Rio Tinto in Bauxite and Alumina. the
Slide 11: H1 2025 Calendar of Events
03| Calendar of Events H1 2025 Calendar of Events APR25 MAY25 JUN25 METLEN and Glenfarne seal landmark deal for METLEN signs 10-year PPA with Iliad to supply solar METLEN completes the acquisition of the Solar and Battery Energy Storage Systems in energy from two Italian plants. The plants will Ener
Slide 12: Key Financial Figures
[EXTERNAL PERMITTED] O4 Key Financial Figures
Slide 13: Income Statement
04| Key Financial Figures Income Statement ON CONSOLIDATED BASIS (Amounts in mn. €) 1/1-30/06/2025 1/1-30/06/2024 Δ% | TURNOVER Sales 3,608 2,482 45% €3,608 mn EBITDA Depreciation 445 (79) 474 (77) (6)% 2% Financial results (77) (51) 49% Share of profit of associates 1 0 265% Profit before income ta
Slide 14: Cash Flow & Other Figures
04| Key Financial Figures Cash Flow & Other Figures (million €) | NET DEBT ANALYSIS Amounts in mn € 30/06/2025 31/12/2024 Net (Debt)/ Cash opening balance (2,629) (1,988) Net (Debt)/ Cash closing balance (2,922) (2,629) Net Debt Change (293) (640) Net Debt on an adjusted basis stood at €2,016mn, exc
Slide 15: Key Operational Highlights H1 2025
04| Key Financial Figures Key Operational Highlights Η1 2025 Η1 2025 Η1 2025 RES Mature & Operation Thermal Capacity 2025 Power Production Capacity 4.5TWh c.2.0GW c.5.5GW c.€1.0bn the most efficient Total Power vs. 4.2TWh in Η1 2024 …while total portfolio thermal fleet in Projects pipeline Greece of
Slide 16: Segments | Comparative Advantages
Flash Note 04| Key Financial Figures Segments*| Comparative Advantages 2,916 ENERGY 1,988 480 METALS METLEN focuses on growing RES asset 412 base, with portfolio capacity of >12GW Sole vertically integrated Alumina and Aluminium producer in South-Eastern Leading independent power producer and 322 Eu
Slide 17: Turnover & EBITDA Bridge per BU
04| Key Financial Figures Turnover & EBITDA Bridge per BU | TURNOVER BRIDGE Amounts in mn € | EBITDA BRIDGE Copyright METLEN 2024 17
Slide 18: Sectors
O5 Sectors
Slide 19: Energy
05| Sectors Energy SALES EBITDA 2.916 Sales EBITDA EBITDA Margin (amounts in million €) H1 2025 Η1 2024 H1 2025 Η1 2024 H1 2025 Η1 2024 M Renewables 989 623 221 143 22.4% 23.0% 1.988 M Energy Generation & Management 595 379 106 91 17.8% 24.0% 322 M Energy Customer Solutions 781 513 41 58 5.3% 11.3%
Slide 20: Renewables: In Operation
05| Sectors In Operation Global RES Portfolio MW 907 Renewables Australia Greece 377 371 Ireland 14 At the end of H1 2025, METLEN’s mature and operational portfolio, reached 5.5GW marking a dynamic Italy 13 increase of 15% compared to H1 2024. The company’s global portfolio reached a total capacity
Slide 21: Regional Utility
05| Sectors Regional Utility | (Power Generation, Electricity and Natural Gas Supply) Greek electricity production increases by >5% year-on-year, driven by thermal units - Greece is becoming a net exporter of electricity Greek Market Power Demand Mix 50.6TWh 49.2TWh 51.8TWh 24.5TWh 24.7TWh H1 2025 w
Slide 22: Metals
Flash Note 05| Sectors Metals SALES EBITDA 480 412 Sales EBITDA EBITDA Margin (amounts in million €) H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 Alumina 104 84 47 30 45.2% 35.7% 142 Aluminum 349 313 74 108 21.2% 34.5% 129 Other* 27 14 8 4 31.5% 28.0% Total 480 412 129 142 27.0% 34.5% H1 2025 H1
Slide 23: Metals: Vertically Integrated Structure
05| Sectors Metals Metal’s fully vertically integrated structure enables better cost control and strengthens competitiveness Alumina price (US$/t) LME price & Billet Premia (US$/t) 3.500 800 800 34 700 700 29 600 3.000 600 500 24 500 400 19 2.500 300 400 14 200 2.000 300 100 9 Dec-22 Mar-23 Dec-23 M
Slide 24: ESG Performance
[EXTERNAL PERMITTED] Hy O6 ESG Performance
Slide 25: ESG Performance (H1 2025)
06| ESG Performance (H1 2025) ESG PERFORMANCE ESG DISTINCTIONS ✓ METLEN joined, for the 2nd time the LEADERS group of Scale Key ESG Raters (high – low) H1 2024 H1 2025 Y-Y the MSCI ESG Ratings Index, achieving an excellent ESG performance of “AA”. 100 - 0 66 70 ✓ METLEN is the only Greek-based compa
Slide 26: Thank you
Thank you
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