Slide 1: Interim Report First 6 Months 2022/23 Conference Call
Interim Report First 6 Months 2022/23 Conference Call on May 11, 2023
Slide 2: Executive summary of first 6 months 2022/23
Executive summary of first 6 months 2022/23 Aurubis' positive development continues with the second quarter at the very high level of the previous year Operating EBT ROCE 6M 2022/23 of Good concentrate markets and product demand led to good Q2 2022/23 15.6 % figures, despite lower sulfuric acid reve
Slide 3: Aurubis with strong Q2 results and increased forecast
Aurubis with strong Q2 results and increased forecast 6M 6M Change vs. (operating IFRS) 2022/23 2021/221 prior year Revenues €m 8,784 9,262 -5 % Gross profit €m 839 857 -2 % EBITDA €m 383 426 -10 % EBIT €m 286 332 -14 % EBT €m 291 331 -12 % Consolidated net income €m 230 257 -11 % Operating ROCE (%)
Slide 4: Sulfuric acid stabilizes at lower levels, other market conditions stable
Sulfuric acid stabilizes at lower levels, other market conditions stable Trend in significant market prices and refining charges 100 % = Sept. 2019 450% 400% Sulfuric acid price (spot CFR Brazil) 350% Copper price (settlement) 300% Exchange rate (US$/€) 250% 200% European refining charges for copper
Slide 5: Gross margin at prior-year level
Gross margin at prior-year level Breakdown of income components in the Aurubis Group 6M 2022/23 YTD (YTD prior-year figures) 31 % (28 %) Treatment charges for concentrate + 34 % (41 %) recycling input Metal gains ~ € 1,121 million* (~ € 1,139 million*) 35 % (31 %) Premiums + Products * Gross margin
Slide 6: Overview of Group costs – energy costs reduced
Overview of Group costs – energy costs reduced Overview of cost/expense positions 6M 2022/23 YTD (YTD prior-year figures) 10 % (10 %) Depreciation and amortization 31 % (32 %) Personnel costs 13 % (12 %) Consumables ~ € 928 million* 13 % (12 %) (~ € 884 million*) External services 18 % (17 %) 15 % (
Slide 7: Aurubis continues to manage energy costs
Aurubis continues to manage energy costs Breakdown of energy costs 6M 2022/23 Electricity incl. oxygen consumption in the (YTD prior-year figures) Aurubis Group: approx. 1.81 TWh (2022)* CO2 emissions of 1.31 million t (2022)* 59 % (75 %) Electricity − 0.52 million t of direct emissions (Scope 1) in
Slide 8: Aurubis' financial position enables our growth strategy
Aurubis’ financial position enables our growth strategy 6M 6M 2022/23 2021/223 Target ROCE1 % 15.6 19.6 15.0 Equity ratio % 53.1 54.0 > 40.0 (equity/total assets) Debt coverage2 -0.2 -0.3 < 3.0 6M 6M Additional KPIs 2022/23 2021/22 Capital expenditure €m 179 120 Capital employed €m 3,253 2,881 (bala
Slide 9: Multimetal Recycling segment
Multimetal Recycling segment Breakdown of income components in MMR segment 6M 2022/23 YTD (YTD prior-year figures) 6M 6M Operating results 2022/23 2021/222 49 % (43 %) Refining charges 44 % (54 %) EBIT €m 102 158 for recycling input Metal gain EBT €m 103 158 ROCE1 % 15.5 44.4 Quantities Copper scrap
Slide 10: Custom Smelting & Products segment
Custom Smelting & Products segment Breakdown of income components in CSP segment 6M 6M 6M 2022/23 YTD (YTD prior-year figures) Operating results 2022/23 2021/222 24 % (21 %) Treatment charges EBIT €m 220 205 for concentrate + 30 % (35 %) EBT €m 223 205 recycling input Metal gain ROCE1 % 19.1 13.7 Qu
Slide 11: Promising market outlook for 2022/23
Promising market outlook for 2022/23 We anticipate an increase in concentrate supply from the mine side, underpinned by Copper new greenfield projects and the expansion of existing mines. concentrates Our smelters are already well supplied into Q4 of FY 2022/23. We expect a stable supply of copper s
Slide 12: EBT between € 450 million and € 550 million
FY 2022/23 guidance Our forecast range Operating EBT Operating ROCE between € 450 million between 14 % and € 550 million and 18 % Operating EBT Operating ROCE in € million in % Group 450–550 14–18 Multimetal Recycling 110–170 13–17 Custom Smelting & Products 390–450 18–22 Aurubis Analyst Conference
Slide 13: Growth strategy: CAPEX and EBITDA impact increase significantly
Growth strategy: CAPEX and EBITDA impact increase significantly Short term Medium term Long term Currently approved Medium-term planning (next 4 years) Until 2030 − Growth capex ~€ 1,100 − Growth capex ~€ 280 million − Ambition and scale of our million approved is included in the medium-term long-te
Slide 14: Timeline of strategic projects in implementation
Timeline of strategic projects in implemetation Commissioning − BOB (BE Olen) Start of Start of construction − Industrial Heat construction − Solar Park (BG Pirdop) (DE Hamburg) Commissioning − CRH − Expansion Tankhouse − Aurubis Richmond − Aurubis Richmond (DE Hamburg) (BG Pirdop) Module 1 (US Geor
Slide 15: Growth options Aurubis Richmond, US – construction work is progressing
Growth options Aurubis Richmond, US – construction work is progressing Aurubis Analyst Conference Call on May 11, 2023 15
Slide 16: Growth options Battery Recycling
Growth options Battery Recycling Aurubis Analyst Conference Call on May 11, 2023 16
Slide 17: Secure & strengthen core business: Expanding the tankhouse in Pirdop
Secure & strengthen core business Expanding the tankhouse in Pirdop Aurubis Analyst Conference Call on May 11, 2023 17
Slide 18: Secure & strengthen core business: Expanding the tankhouse in Pirdop
Secure & strengthen core business Expanding the tankhouse in Pirdop Secure Strengthen Core Business Core Business Investment EBITDA p.a. ~ € 120 million ~ € 30 million Aurubis is strengthening its core business and investing € 120 million in expanding the (at full production) tankhouse at its Bulgar
Slide 19: Bleed treatment Olen Beerse (BOB) – Construction kick-off
Secure & strengthen core business Bleed treatment Olen Beerse (BOB) – Construction kick-off BOB Aurubis Analyst Conference Call on May 11, 2023 19
Slide 20: 8th Sustainability Report published
Sustainability 8th Sustainability Report published Additional standards increase transparency in sustainability reporting Renewable energy projects result in considerable CO2 savings Aurubis CO2 footprint for copper over 60 % lower than the global average Aurubis Analyst Conference Call on May 11, 2
Slide 21: Cooperation agreement with Codelco/Anglo American
Sustainability Cooperation agreement with Codelco/Anglo American Aurubis Analyst Conference Call on May 11, 2023 21
Slide 22: Financial calendar
Financial calendar − Capital Market Day (in London) June 13, 2023 − Q3 2022/23 August 7, 2023 − Annual Report 2022/23 December 6, 2023 Aurubis Analyst Conference Call on May 11, 2023 22
Slide 23: Interim Report First 6 Months 2022/23 Conference Call
Interim Report First 6 Months 2022/23 Conference Call on May 11, 2023
Slide 24: 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 Auru
Slide 25: Maintenance shutdowns in the next 3 years
Maintenance shutdowns in the next 3 years EBT effect from maintenance shutdowns (in € million) FY 2022/23 FY 2023/24 FY 2024/25 Smelter May/ maintenance ~36 June 2024 Hamburg Smelter May/ May/ maintenance ~20 ~35 June 2023 July 2025 Pirdop Anode Nov/ Nov/ Nov/ furnace ~7 ~8 ~8 Dec 2022 Dec 2023 Dec
Slide 26: Overview of revised operating EBT Q1–Q4 2021/22
Overview of revised operating EBT Q1–Q4 2021/22 − The derivation of the operating result was changed effective September 30, 2022 − For additional information, please refer to the Annual Report 2021/22 − The adjusted values for operating EBT (YTD) Q1–Q4 2021/22 below are for comparison 3M 6M 9M 12M
Slide 27: 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 28: Primary copper production process
Primary copper production process Sulfuric acid plant Off-gas cleaning Copper scrap Copper concentrates Copper matte Blister copper (64 % Cu) (98 % Cu) Flash smelter Converter Anode furnace Copper Nickel sulfate (99.5 % Cu) Anode Cathode Anode slime Anode casting wheel Tankhouse Precious metal refin
Slide 29: 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