Elvalhalcor Hellenic Copper And Aluminium Industry S.a. · ATHEX:ELHA
Elvalhalcor Hellenic Copper And Aluminium Industry — ElvalHalcor — FY2022 Earnings Presentation
20 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's earnings presentation, Jan 9, 2026
Slide 1: Financial Results 2022
HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A 2022 | Sonne Financial Results
Slide 2: Table of Contents
Table of Contents Highlights 3 Financial Highlights 4
Slide 3: FY'22 Highlights
FY’22 Highlights • Very strong demand across most markets in 1st half of the fiscal year. • Demand allowed for passing-on of energy cost increases to prices and profitable spot sales. • Inflation, interest rate hikes and worries about global growth softened demand in the 2nd half, affecting some seg
Slide 4: Financial Highlights
Financial Highlights .
Slide 5: Macroeconomic Charts
Macroeconomic Charts. LME Prices TTF - Gas Metal prices on the uptrend affecting working capital and financing Increased gas and energy prices passing on to conversion prices in needs. Market volatility dominates. most markets TTF daily prices Aluminium Copper 400 10.000 4.500 350 9.000 4.000 300 25
Slide 6: Consolidated Cost Analysis
Consolidated Increased energy costs raises Group’s costs, Excluding Al, Cu, Zn, and other metals costs which are fully passed to Cost Analysis. customers. 2021 2022 Other operating Energy Other operating Energy 14% 13% 13% 18% Maintenance expenses Maintenance expenses 5% 5% Third party fees 12% Thir
Slide 7: Sales evolution per quarter
Sales evolution per quarter. Sales Volumes (‘000tn) Aluminium +8.2% +2 1.2% 2020 392 2021 362 2022 299 +10 .9% +12 .4% +9 .4% +0 .3 % 85 94 91 102 95 104 79 91 91 76 67 77 Q1 Q2 Q3 Q4 Total Copper -0.5% 2020 +7 .9 % 2021 190 189 176 2022 +5 .1% +5 .8 % -9 .4% -3 .7 % 45 49 52 47 48 51 42 45 43 43 48
Slide 8: a-EBITDA evolution per quarter
a-EBITDA evolution per quarter. a-EBITDA (€m) Aluminium +89.1% 2020 2021 205 +2 5 .2% 2022 +117.3% +98.1% +106.6% +20.2% 108 87 53 66 58 19 26 21 30 24 29 23 23 28 Q1 Q2 Q3 Q4 Total Copper +13.3% 2020 +18 .9% 2021 66 2022 59 49 +33.3% +47.8% -19.6% - 4.8% 21 19 14 16 14 13 12 16 13 14 13 9 Q1 Q2 Q3
Slide 9: a-EBITDA evolution per ton
a-EBITDA evolution per ton. By Segment (Eur/ tons) 522,8 AL +34% 291,0 298,0 2020 2021 2022 +12% 349,9 CU 310,5 278,4 2020 2021 2022 1. Source: Annual Financial Statements and company information.
Slide 10: IVA per ton evolution
IVA per ton evolution. By Segment (Eur/ tons) +30% Al 1.575,0 1.207,0 2021 2022 +29% Cu 1.418,2 1.099,2 2021 2022 Source: Company information
Slide 11: Revenue of Core Products by Market
Revenue of Core Products by Market Al Cu Aluminium Revenue Breakdown (2022) Copper Revenue Breakdown (2022) By Ma rket (% of tons) By Ma rket (% of tons) Transportation Other Industrial Markets HVAC&R 2% Building & Construction 8% 5% Industrial Applications 16% 27% Energy & Power Networks Energy & P
Slide 12: Revenue of Core Products per Geographical Segment
Revenue of Core Products per Geographical Segment. Al Cu Revenue breakdown (2022) Revenue breakdown (2022) By Geographical Segment (% of €) By Geographical Segment (% of €) America Greece America 10% 6% Greece 11% 4% UK Asia 5% Africa & Oceania 5% Africa & Oceania 1% 2% Other Other Europe Europe 7%
Slide 13: Consolidated Key Figures
Consolidated Gaining Al Key Figures. momentum. Cu Volumes (kTn) Rev enue (€m) EBITDA (€m) +2 8 .8% +5 .2 % +5 1.5% 3,714 581 326 553 2,883 1,927 1. Adjusted for aluminium and copper price fluctuations and other non recurring items. 215 362 392 1,340 248 124 1,543 1,787 190 189 91 79 2021 2022 2021 2
Slide 14: Deviation analysis on the Consolidated Profit before taxes
Deviation analysis on the Strong Profitability paves Consolidated Profit before the way for further Growth. taxes. Increased demand, mainly at the first semester of 2022, resulted in Increased Net Debt to finance the increased conversion prices. Increased increased working capital needs and energy c
Slide 15: Analysis on the Consolidated Cash Flows
Analysis on the Strong Profitability paves Consolidated Cash Flows. the way for further Growth . Amounts in €m Increased debt to serve the cash Strong profitability. flow needs for increased working capital and the continuation of Increased needs for Working Capital the investment program. are affec
Slide 16: Evolution of the Consolidated Working Capital and Net Debt
Evolution of the Consolidated Working Capital and Net Consolidated Net Debt Break down (€m) Debt. Working Capital % of Sales +21.4% 956 Increase in Working Capital is attributable to the increased metal ~ 21% 787 prices and volumes. ~ 22% ~ 20% ~ 22% 623 784 673 Long-term 463 888 31.12.2020 +43% 31.
Slide 17: Debt Maturity
Debt Well positioned Maturity. to meet the challenges. Majority of Debt on Long-term tenure, and short-term debt Partially hedged from the potential increase of interest rates. temporarily increased due to spike in working capital ~ 21% Fixed through IRS use Short term 18% Fixed Rate 21% 30% 79% 52%
Slide 18: Capex Evolution
Capex Accelerating investments Evolution. to meet demand. Cu Al 172 Source: Annual Financial Statements and Company information. 164 12 €m 20 145 15 420 116 22 92 160 34 144 130 38 94 58 2018 2019 2020 2021 2022 26
Slide 19: Disclaimer
Disclaimer. The information contained in this corporate presentation (CP) has been prepared by ElvalHalcor S.A. (the Company). It is F o rward Looking Statements based on historical financial data and other information already publicly disclosed by the Company. It also includes Certain statements in
Slide 20: www.elvalhalcor.com
www.elvalhalcor.com