Slide 1: Interim Report First 6 Months 2018/19
Interim Report First 6 Months 2018/19 Analyst Conference Call on May 15, 2019
Slide 2: Operating earnings before taxes down on the very good previous year
Operating earnings before taxes down on the very good previous year 6M 6M 2018/19 2017/18 Operating EBT (€ million) 103 186 Net cash flow (€ million) -334 -232 Operating ROCE (%) 9.0 14.9 (operating EBIT last 4 quarters) May 2019 2
Slide 3: Market environment
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% 100% 50% Mrz 17 Mrz 1
Slide 4: Operating EBT significantly below previous year
Operating EBT significantly below previous year 6M 6M (operating IFRS) 2018/19 2017/18 Change Revenues €m 5,660 5,770 -2 % Gross profit €m 552 622 -11 % EBITDA €m 173 254 -32 % EBIT €m 106 189 -44 % EBT €m 103 186 -45 % Consolidated net income €m 78 141 -45 % May 2019 4
Slide 5: Energy costs in the Aurubis Group
Energy costs in the Aurubis Group Breakdown of energy costs in the Aurubis Group (first 6 months of FY 2018/19) Other energy 2% Oxygen 18% Liquid fuels 5% Electricity Gas 59% 16% Energy costs in the Aurubis Group in the first half-year: € 99 million (previous year: € 87 million) May 2019 5
Slide 6: Key figures remain very robust and provide room for future growth
Key figures remain very robust and provide room for future growth 6M 18/19 6M 17/18 Target ROCE* % 9.0 14.9 15.0 Equity ratio (equity / total liabilities) % 51.6 52.8 > 40.0 Debt and interest coverage** 0.9 0.2 < 3.0 Additional KPIs 6M 18/19 6M 17/18 Capital expenditure (including finance €m 93 80 l
Slide 7: Segment MRP: Negatively impacted by lower throughput and lower refining charges for copper scrap
Segment MRP: Negatively impacted by lower throughput and lower refining charges for copper scrap Operating results for Segment Metal Refining & Processing (MRP) (first 6 months FY 2018/19) 6M 6M Segment MRP 18/19 17/18 » Substantially lower concentrate throughput with lower TC/RCs EBIT (in €m) 114 2
Slide 8: Segment FRP: Lower demand leads to decline in operating EBT
Segment FRP: Lower demand leads to decline in operating EBT Operating results for Segment Flat Rolled Products (FRP) (first 6 months 2018/19) 6M 6M Segment FRP 18/19 17/18 » Operating EBT down significantly because of lower sales EBIT (in €m) -2 4 volumes and less favorable supply conditions compare
Slide 9: Efficiency improvement program: On schedule
Efficiency improvement program: On schedule 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 on schedule and we maintain our goal of € 200 million project succe
Slide 10: Aurubis reduces full-year forecast for 2018/19
Aurubis reduces full-year forecast for 2018/19 » Copper price: average 2019 copper price forecast at US$ 6,505/t (Reuters poll 05/2019) » Copper concentrates: good supply with satisfactory TC/RCs expected » Plant availability at our primary copper smelters below previous year; copper concentrate vol
Slide 11: 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. € 10 million, FY 18/19: approx. € 9 million) » EBT effect: approx. € 15 million » Concentrate throughput effect: approx.
Slide 12: October/November 2019: Legally mandated planned shutdown at our Hamburg site
October/November 2019: Legally mandated planned shutdown at our Hamburg site Financial impact: » Capex: approx. € 45 million » EBT effect: approx. € 30 million » Concentrate throughput effect: approx. 125,000 t Key data for the measure » Description: Overhaul of waste heat boiler to comply with lega
Slide 13: 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 14: 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 2018/19 8
Slide 15: 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