Elvalhalcor Hellenic Copper And Aluminium Industry S.a. · ATHEX:ELHA
Elvalhalcor Hellenic Copper And Aluminium Industry — ElvalHalcor — Q1 2023 Earnings Presentation
19 slides from Elvalhalcor Hellenic Copper And Aluminium Industry's earnings presentation, Jan 9, 2026
Slide 1: Q1'23 Trading Update
Q1’23 Trading Update
Slide 2: Financial Highlights
Financial Highlights • Softened demand across most markets. • A-EBITDA decreased stood at 70,2 million on Q1’23, decline by 5,9% yoy, still higher than Q1’21. • Rising interest rates. • Decreased Net Debt due to lower working capital needs. • Commencement of operation of the new lacquering line. Vol
Slide 3: Macroeconomic Charts
Macroeconomic Charts LME Prices TTF - Gas Metal prices trending down, affecting metal accounting result and Trending down working capital needs. 11.000 5.000 TTF DAILY PRICES LME PRICES 400 350 4.000 9.000 300 C U € /tn 250 3.000 200 AL € /tn €/MWh 150 7.000 2.000 100 50 0 5.000 1.000 Aluminium Copp
Slide 4: Consolidated Cost Analysis
Increased energy costs raises Group’s costs, excluding Al, Consolidated Cu, Zn, and other metals costs which are fully passed to Cost Analysis. customers. Q1’22 Q1’23 Other operating Energy Other operating Energy 16% 17% 15% 19% Maintenance expenses Maintenance expenses 5% 5% Third party fees 12% Th
Slide 5: Sales evolution per quarter
Sales evolution per quarter. Sales Volumes (‘000tn) Aluminium +12.4% +9.4% +10.9% +2.8% +0.3% 2021 102 104 94 97 95 2022 91 91 91 85 2023 Q1 Q2 Q3 Q4 Copper 2021 2022 +5.1% +5.8% -8.6% -3.7% -9.4% 2023 49 52 48 51 48 47 45 43 44 Q1 Q2 Q3 Q4 5 Source: Company information
Slide 6: a-EBITDA evolution per quarter
a-EBITDA evolution per quarter. a-EBITDA (€m) Aluminium +117.3% 2021 +106.6% +98.1% -26.8% 66 2022 58 2023 53 39 +20.2% 30 29 28 26 23 Q1 Q2 Q3 Q4 Copper +45.6% 2021 +33.3% 31 +47.8% 2022 21 -19.6% -4.8% 2023 19 16 16 13 13 14 13 Q1 Q2 Q3 Q4 6 Source: Company information
Slide 7: a-EBITDA evolution per ton
a-EBITDA evolution per ton. By Segment (Eur/ tons) +15% AL 563,3 401,8 303,7 Q1’21 Q1’22 Q1’23 CU +42% 661,6 415,2 327,9 Q1’21 Q1’22 Q1’23 1. Source: Financial Statements and Company information.
Slide 8: IVA per ton evolution
IVA per ton evolution. By Segment (Eur/ tons) 0% Al 1.530,0 1.524,5 31.03.2022 31.03.2023 +27% Cu 1.664,0 1.308,5 31.03.2022 31.03.2023 Source: Company information
Slide 9: Revenue of Core Products by Market
Revenue of Core Products by Market Al Cu Aluminium Q1’23 Revenue Breakdown ( ) Copper Revenue Breakdown (Q1’23) By Ma rket (% of tons) By Ma rket (% of tons) Transportation Other Industrial Markets HVAC&R Building & Construction 1% 9% 5% 13% Energy & Power Networks Industrial Applications 1% 30% Ene
Slide 10: Revenue of Core Products per Geographical Segment
Revenue of Core Products per Geographical Segment. Cu Al Revenue breakdown (Q1’23) Revenue breakdown (Q1’23) By Geographical Segment (% of €) By Geographical Segment (% of €) America Greece America 8% 4% Greece 9% 5% UK Asia 3% Africa & Oceania 5% Africa & Oceania 1% 2% Other Other Europe Europe 7%
Slide 11: Consolidated Key Figures
Resilient operating profitability. Consolidated Accounting metal result turns to negative. Al Cu Key Figures. Increased financial costs. Volumes (kTn) Rev enue (€m) EBITDA (€m) +42.7% +0.8% +9.1% -1.2% +54.2% 924 931 -45.1% 146 144 102 134 647 443 443 1. Adjusted for aluminium and copper price fluct
Slide 12: Consolidated Key Figures
Resilient operating profitability. Consolidated Accounting metal result turns to negative. Key Figures. Increased financial costs. EBIT (€m) a - EBIT (€m) +67.9% +130.1% -56.3% -11.4% 86 58 52 1. Adjusted for aluminium and copper price fluctuations and other non recurring items. 51 55 42 26 22 37 25
Slide 13: Deviation analysis on the Consolidated Profit before taxes
Deviation analysis on the Strong Profitability paves Consolidated Profit before taxes. the way for further Growth. Increased conversion Increased interest rates, although the prices and improved Overall lower sales volume but increase in decrease in Net Debt (-60Μ €) yoy. sales mix. profitable categ
Slide 14: Analysis on the Consolidated Cash Flows
Analysis on the Strong Profitability paves Consolidated Cash Flows. the way for further Growth . Amounts in €m Increased working capital needs due Strong profitability. to increased demand for copper products of the subsidiary SOFIAMED. 56.0 8.0 14.1 0.3 1.5 Increased finance cost, 45.0 following th
Slide 15: 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 1,015 -5.9% 955 Increase in Working Capital is attributable to the increased volumes. ~ 21% 956 ~ 22% ~ 20% ~ 21% Long-term 788 784 775 Amounts in €m 901 31.03.2022 862 285 83
Slide 16: Debt Maturity
Debt Well positioned Maturity. to meet the challenges. Majority of Debt on Long-term tenure. Partially hedged from the potential increase of interest rates. ~ 21% Fixed through IRS use S hort term 18% Fixed Rate 22% 29% 78% 53% Long term Va riable Rate 397 257 225 122 Short term Between 1 and 2 year
Slide 17: Capex Evolution
Capex Slowing down Investments. Evolution. Cu Al 172 Source: Annual Financial Statements and Company information. 164 12 €m 20 145 15 420 116 22 92 160 34 144 62 130 3 38 94 28 58 59 5 24 2018 2019 2020 2021 2022 Q1’22 Q1’23 26
Slide 18: 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 19: www.elvalhalcor.com
www.elvalhalcor.com