28 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's earnings presentation, March 2022
Slide 1: Financial Results 2021
03.22 Financial Results 2021 1
Slide 2: Table of Contents
Table of Contents 04. Appendix 01. 03. Who we are 02. Financial Mega trends, Highlights Growth drivers & Strategic Priorities 2
Slide 3: Who we are
1. Who we are 3
Slide 4: ElvalHalcor at a Glance
ElvalHalcor at a Glance. Annual Figures of 2021. 2.9 EUR billion 2.6 EUR billion 167 EUR million 553 Thousand tons revenue Sales ex. Greece adj. EBITDA volume of sales >94 Countries 17 State of the art >700 EUR million investments 0.03 EUR per share dividend for 2021 products are production during t
Slide 5: International Focus
International Focus. Highly extrovert business model with solid presence in more than 94 countries around the globe and revenues generated abroad representing over. Greece 8% Other EU 62% 92% of total turnover Other Europe (non EU) 9% Production facilities UK 6% America 7% Asia 6% Group turnover Afr
Slide 6: Pass-through Business Model
Raw Material Costs Sales Price EH Added Value Net Added (Fabrication and Value Transportation Cost Mark-up) Scrap Result LME +Premium Premium Scrap: Metal LME price net Result of scrap rebates LME Metal Price Pass-through Primary Aluminium, Raw Material Costs: Business Model. Copper Accounting Pass-
Slide 7: Mega trends, Growth drivers & Strategic Priorities
2. Mega trends, Growth drivers & Strategic Priorities 7
Slide 8: Mega trends. Enablers.
Mega trends. Enablers. Clean, circular Transition to economy climate neutrality Urbanization • Low carbon and • Electrification • Sustainable buildings recyclable products • Power storage • Energy efficiency in buildings • Products with high • E-mobility • Smart buildings recycled content • (RES) gr
Slide 9: Mega trends. Products.
Mega trends. Products. Aluminium segments’s products & solutions • Sheets and coils for beverage cans, • Sheet, plates, coils and profiles for marine • Mill finish or coated sheets and profiles food containers, closure caps and aerosol applications and road, rail transportation vehicles. for buildin
Slide 10: Overview of Growth Drivers
Overview of Growth Drivers. ES Global effort for reduction of plastic pollution is leading G N to increased demand for fully recyclable materials like LE aluminium and copper. To address our climate and energy AL challenges, we need to move towards a greener and more CH Aluminium and Copper are 100%
Slide 11: Overview of Growth Drivers: Recycling
Overview of Growth Drivers. Global effort for reduction of plastic pollution is leading to increased ABOUT RECYCLING demand for fully recyclable materials like aluminium and copper. 75% BEVERAGE OF ALL CANS USES ALUMINIUM ONLY 5% OF The aluminium can EVER THE ENERGY Recycling rates PRODUCED USED TO
Slide 12: e-mobility. Cu-Alu.
e-mobility. Cu-Alu. Copper and aluminium demand will be substantially impacted by the growing market for electric vehicles (EVs) over the next decade. Copper is used in electric motors, batteries, inverters, wiring and in charging stations. Battery boxes are strong drivers for aluminum. Electric Veh
Slide 13: Strategic Priorities
Strategic Priorities. Capitalizing on market trends and own strengths to accelerate EBITDA growth Situation Overview / Actions Situation Overview / Actions Increase Installed Capacity (‘000tn)(1) • Currently operating near full capacity which is increasing to 375(1) thousand tons as the integration
Slide 14: Financial Highlights
3. Financial Highlights 14
Slide 15: LME & GAS Prices
LME & GAS Prices. LME Prices TTF - Gas Metal prices on the uptrend affecting Gas prices climbing up and putting working capital and financing needs. pressure on the costs and profitability. AL €/tn Cu €/t ZN €/tn €/MWh 1000 €4000 250 9000 €3500 200 8000 €3000 Source: Company information. 150 7000 €2
Slide 16: Sales evolution per quarter
Sales evolution per quarter. Sales Volumes (‘000tn) +21.2% Aluminium 362 2019 2020 2021 310 299 -4.5% +11.4% -16.2% +36.8% -7.9% +23.2% +18.3% +15.3% 80 76 85 79 67 91 84 77 95 67 79 91 Q1 Q2 Q3 Q4 Total Copper +7.7% 2019 2020 2021 170 176 190 -2.4% +8.2% +7.1% +3.2% +2.2% +8.2% +9.7% +11.6% 46 45 4
Slide 17: a-EBITDA evolution per quarter
a-EBITDA evolution per quarter. a-EBITDA (€‘000) +25.2% Aluminium 108 2019 2020 2021 97 87 -26.2% +38.7% -24.9% +42.1% -27.2% +24.7% +104.4% -0.9% 25 19 26 29 21 30 32 24 29 11 23 23 Q1 Q2 Q3 Q4 Total Copper +18.9% 2019 2020 2021 49 59 43 +14.5% +13.4% +9.7% -5.1% -2.4% +28.2% +66.7% +51.1% 12 14 16
Slide 18: Revenue of Core Products by Market & Geographical Segment (Aluminium)
Revenue of Core Products by Market & Geographical Segment. Aluminium Revenue breakdown (FY 2021) By Market (% of tons) By Geographical Segment (% of €) America Greece HVAC&R Building & Construction 10% 8% 6% 18% UK Africa & oceania Energy & Power Networks 3% 2% 1% Other Europe 11% Transportation EU
Slide 19: Revenue of Core Products by Market & Geographical Segment (Copper)
Revenue of Core Products by Market & Geographical Segment. Copper Revenue Breakdown (FY 2021) By Market (% of tons) By Geographical Segment (% of €) Enamelled Wires Coins America Greece 2% 1% 5% 4% Cu Extrusion Asia 15% Africa & Oceania 6% 3% Rods Other Europe Cu Tubes & Tubes Ms 9% 39% 10% UK 9% EU
Slide 20: Consolidated Key Figures. Gaining momentum.
Consolidated Key Figures. Gaining momentum. Al Cu Volumes (kTn) Revenue (€m) EBITDA (€m) +16.2% +42.1% 2,883 +76.8% 1. Adjusted for aluminium and copper price fluctuations and other non recurring items. 552 215 475 2,029 1,340 121 124 299 362 976 79 176 190 1,053 1,543 43 91 12M’20 12M’21 12M’20 12M
Slide 21: Evolution of a-EBITDA per ton
Evolution of a-EBITDA per ton. Growing Volume and Profitability. Aluminium – Adjusted EBITDA per ton (€/tn) Copper – Adjusted EBITDA per ton (€/tn) 1. Adjusted for aluminium and copper price fluctuations and other non recurring items. +3% +10% 298 308 313 299 307 290 272 279 274 253 Source: Company
Slide 22: Deviation analysis on the Consolidated Profit before taxes
Deviation analysis on the Consolidated Profit before taxes. Strong Profitability paves the way for further Growth. 132.4 Increased volumes Capitalization of 120.7 22.2 compared to prior interest (Δ: -3,2 M€) year low; reaching during the prior levels even higher year and increased than 2019. Debt du
Slide 23: Analysis on the Consolidated Cash Flows
Analysis on the Consolidated Cash Flows. Strong Profitability paves the way for further Growth. Increased needs for Working Capital Increase of debt to serve the Strong profitability that boosts the as an effect of the metal price uptrend cash flow needs for increased investment programme. in the in
Slide 24: Evolution of the Consolidated Working Capital and Net Debt
Evolution of the Consolidated Strong Profitability Working Capital and Net Debt. paves the way for further Growth. Working Capital % of Sales (1) Consolidated Net Debt Breakdown (€m) 787 Increase in Working 31.12.2019 ~ 20% Capital due to 623 1. Adjusted for aluminium and copper price fluctuations a
Slide 25: Capex Evolution
Capex Accelerating investments Evolution to meet demand. 164 145 20 15 116 92 22 34 130 54 144 13 94 58 41 Copper €m Αluminium 2017 2018 2019 2020 2021 25
Slide 26: Appendix
4. Appendix 26
Slide 27: Disclaimer
Disclaimer. The information contained in this corporate presentation (CP) has been prepared by ElvalHalcor S.A. (the Forward Looking Statements Company). It is based on historical financial data and other information already publicly disclosed by the Company. Certain statements in the CP are forward
Slide 28: Disclaimer
Disclaimer www.elvalhalcor.com 28