Viohalco Sa/nv · ATHEX:VIO
Viohalco Sa/nv — Investor Presentation (2023)
84 slides from Viohalco Sa/nv's investor presentation, 2023
Slide 1: Corporate Presentation
CORPORATE CORPORATE PRESENTATION PRESENTATION
Slide 2: Viohalco at a glance
Viohalco at a glance Diversified metals processing leader providing a wide range of high-quality innovative products and solutions tailored to international customers’ needs. Sales across the globe Holding company of leading 6 industrial segments Serving 21 Investments 2022 Focused on 85+ years’ met
Slide 3: Viohalco at a glance
Viohalco Revenue 2022 € 6.99 billion a-EBITDA 2022 € 649 million EBT 2022 € 375 million at a glance Revenue 2021 a-EBITDA 2021 EBT 2021 € 5.37 billion € 426 million € 276 million Aligned with European Green Deal objectives through low carbon operations Revenue in EUR million and circular products. P
Slide 4: Segments
Segments Operating through distinct business segments, Viohalco companies provide high-quality, innovative products and solutions to a diverse range of industries. Aluminium Copper Cables Steel pipes Steel Real estate Technology and R&D&I • Viohalco and Cenergy Holdings are listed on the Euronext Br
Slide 5: Markets
Markets Diversified portfolio of businesses serving dynamic markets, such as energy networks (offshore energy, utilities & power grids, renewable energy, gas & liquid fuels), packaging, building and construction, transportation (automotive, shipbuilding & rail), HVAC&R (heating, ventilation, air con
Slide 6: Leveraging the Megatrends
Leveraging the Megatrends Across all segments, the Viohalco companies offer products and solutions that closely align with current global sustainability megatrends Megatrends Circular Transition Urbanization Technological economy to net zero advancements Low carbon and recyclable products Electrific
Slide 7: Segments' offerings
Segments' offerings Aluminium Copper Cables Steel pipes Steel Real estate • Strong momentum for • Circular products • Increased use of underground • Business activity • Production of • Sustainable and energy efficient sustainable packaging utilizing secondary cables towards energy highly circular, l
Slide 8: Production Base
Production Base Oinofyta - Greece Oinofyta - Greece Mandra - Greece St. Thomas - Greece Bridgnorth - UK Sofia - Bulgaria Oinofyta - Greece Oinofyta - Greece Oinofyta - Greece Sofia - Bulgaria Livadeia - Greece Ioannina - Greece Budel - Dorplein The Gebze - Turkey Netherlands Corinth - Greece Thiva -
Slide 9: Aluminium
01 Aluminium Corporate Presentation | 9
Slide 10: Aluminium at a glance
Aluminium at a glance The aluminium segment companies manufacture a variety of aluminium rolling and extrusion products for a wide range of markets and applications. Sales across the globe State of Leading 10 manufacturing Technologically More than the art position in plants across advanced 50 years
Slide 11: Aluminium at a glance
Aluminium at a glance Revenue 2022 a-EBITDA 2022 Investments 2022 € 2.31 billion € 223 million € 188 million Revenue 2021 a-EBITDA 2021 Investments 2021 € 1.68 billion € 123 million € 166 million Sales revenue in EUR million Aluminium Stewardship Initiative (ASI) Performance Standard and Chain of Cu
Slide 12: Aluminium: aligning with megatrends
Aluminium: aligning with megatrends Circular Transition Urbanization Technological economy to net zero advancements Low carbon and Plastic Sustainable Energy Smart Electrification Power storage E-mobility efficiency in Digitalization recyclable products replacement buildings buildings buildings Shee
Slide 13: Aluminium / Main plants
Aluminium / Μain plants Flat rolled aluminium products and solutions for the A complete range of products and solutions in coated packaging, building and construction, sea, road and rail aluminium for building envelope: Etalbond® Aluminium transportation, energy, industrial, cookware and HVAC&R Comp
Slide 14: Aluminium / Markets and products
Aluminium / Markets and products Energy & power networks Packaging Building & construction Transportation Aluminium coils for the Sheets and coils for beverage Coated aluminium Aluminium shates and plates for marine production of bus-ducts in power and food cans, closures products used applications,
Slide 15: Aluminium / Company
Aluminium / Company ALUMINIUM SEGMENT OF Flat rolled aluminium solutions, Elval is the aluminium rolling division of ElvalHalcor. It manufactures and markets flat rolled aluminium solutions Sales as individual for a number of diverse applications. in more than 60 countries as your needs Through cont
Slide 16: Aluminium / Company
Aluminium / Company ALUMINIUM SEGMENT OF Tailor-made and innovative, Symetal is involved in the production of a wide variety of aluminium foil products, being a strategic partner of the high value-added largest consumer, food and pharmaceutical packaging Sales in 70 countries manufacturers. With mor
Slide 17: Aluminium / Company
Aluminium / Company ALUMINIUM SEGMENT OF Elval Colour is a leading European coated aluminium and Aluminium aesthetics composite panel manufacturer, that produces and sells a full range of building envelope products of superior Sales quality using the latest technology. in more than 70 durability and
Slide 18: Aluminium / Company
Aluminium / Company 2 dedicated Bridgnorth Aluminium is a fully integrated producer of flat rolled aluminium coils with all stages of production contained on one site, the only facility of Major international supply chains to blue chip end users its kind in the UK. finishing lines The Company’s expe
Slide 19: Aluminium / Company
Aluminium / Company 20 years of leading experience in the Dedicated to quality and precision the company has over two decades experience in the Automotive sector supplying aluminium extruded products for numerus Automotive Market for customized, applications, like Chassis, Body In White (BiW), Crash
Slide 20: Copper
02 Copper (1) (1) 1. NedZink B.V. and HC Isitma production facilities are JVs. Corporate Presentation | 20
Slide 21: Copper at a glance
Copper at a glance The copper segment companies manufacture a variety of copper and copper alloy products for a wide range of markets and applications. The largest Copper Tubes producer in Europe Sales in 8 manufacturing Technologically More than State of the art more than 80 plants across 4 advance
Slide 22: Copper at a glance
Copper Revenue 2022 a-EBITDA 2022 Investments 2022 at a glance € 1.81 billion € 75 million € 16 million Revenue 2021 a-EBITDA 2021 Investments 2021 € 1.56 billion € 60 million € 15 million Sales revenue in EUR million Strong contribution to low carbon, circular economy by ElvalHalcor's copper segmen
Slide 23: Copper: aligning with megatrends
Copper: aligning with megatrends Transition to Technological Circular Urbanization advancements economy to netnet zero zero Low carbon and Plastic Reduction of plastic Electrification RES growth Sustainable buildings Digitalization recyclable products replacement pollution Circular production model
Slide 24: Copper / Main plants
Copper / Μain plants Copper tubes plant Copper and aluminium enamelled wires (round Copper tubes with or without plastic coating or and rectangular). industrial insulation. Capacity: 8,500Tn/year Εnameled wires Capacity: Location: Tn 3,500Tn/year Location: Tn 80,000Tn/year Oinofyta - Greece Bare wir
Slide 25: Copper / Markets and products
Copper / Markets and products HVAC&R market Industrial applications Renewable energy Transportation Copper tubes for heat Copper tubes for solar panel applications, powered Copper tubes for Copper and copper exchangers, heat vehicles, HVAC&R, heat exchangers solar panel special alloy strips for pump
Slide 26: Copper / Company
Copper / Company COPPER SEGMENT OF Leading supplier of top European Halcor is the largest producer of copper tubes in Europe, implementing long term investments that Sales in more provide dynamic markets with a wide range of HVAC&R manufacturers sustainable products and innovative solutions. than 60
Slide 27: Copper / Company
Copper / Company COPPER SEGMENT OF A leader in the European market Sofia Med produces a wide range of rolled and extruded copper and copper alloy products such as Sales in more sheets, strips, plates, disks, rods, bare and plated for rolled copper products used copper bus bars, profiles, components,
Slide 28: ElvalHalcor markets
ElvalHalcor is active in several dynamic and growing markets, including: ElvalHalcor is a leading global industrial producer of aluminium and copper, formed in December 2017 via the merger of Elval and HVAC&R Energy Food and Halcor. Shipbuilding (heating, and beverages ventilation, air power The Com
Slide 29: Cables
03Cables Corporate Presentation | 35
Slide 30: Cables at a glance
Cables at a glance Established provider of innovative cable products, solutions and services Sales in more than 45 countries World-class capabilities in Annual Turnkey - Utilities and power grids Established 5 manufacturing submarine cable solutions. solution - Construction and provider of plants ac
Slide 31: Cables at a glance
Cables Revenue 2022 a-EBITDA 2022 Investments 2022 € 895 million € 110 million € 71 million at a glance Revenue 2021 a-EBITDA 2021 Investments 2021 € 757 million € 90 million € 35 million Sales revenue in EUR million Product line enabling a decarbonized future with 39% of product revenues 895 coming
Slide 32: Cables: aligning with megatrends
Cables: aligning with megatrends Circular economy Transition to Technological climate neutrality advancements Low carbon Raw materials and Electrification Green hydrogen (RES) growth Digitalization Smart grid and recyclable products product of lower carbon footprint Interconnected power grid FTTH ca
Slide 33: Cables / Main plants
Cables / Μain plants Submarine cables Compounding and R&D&I Copper and aluminium rods, LV power cables, MV power PVC, LSF and rubber compounds. cables, HV cables, fibre optic submarine cables, submarine MV cables, HV and EHV submarine cables up to 400kV. Tn Capacity: Location: 24,000Tn/year Oinofyta
Slide 34: Cables / Markets & products
Cables / Markets & products Energy transmission, Telecom & data Construction & distribution & renewables transmission industrial Power cables: LV, MV, HV and EHV Telecom network cables Signalling and control Submarine and land Optical fibre cables High temp, low sag, flame XLPE, EPR insulated Submar
Slide 35: Cables / Company
Cables / Company CABLES SEGMENT OF Α complete Hellenic Cables constitutes the cables segment of Cenergy Holdings S.A., the holding company listed on both the Euronext Brussels and the Athens Stock range of turnkey Exchanges. Sales in more than 45 solutions and Hellenic Cables is recognized today as
Slide 36: Steel pipes
04 Steel pipes © Balticconnector Corporate Presentation | 36
Slide 37: Steel pipes at a glance
Steel pipes at a glance Corinth Pipeworks is amongst the world leading steel pipe manufacturers for the energy and construction sector. Sales in more than 45 countries More than World class pipe Long experience with Energy transition State of the art Ready for the 50 years' manufacturer for more tha
Slide 38: Steel pipes at a glance
Steel pipes Revenue 2022 a-EBITDA 2022 Investments 2022 €457 million € 25 million € 8 million at a glance Revenue 2021 a-EBITDA 2021 Investments 2021 €225 million € 14 million € 10 million Sales revenue in EUR million 470 • Energy efficiency projects, achieving improvement corresponding to 457 4,720
Slide 39: Steel pipes: aligning with megatrends
Steel pipes: aligning with megatrends Circular economy Transition Technological to net zero advancements Circular economy CCS Green hydrogen Digitalization Operational excellence Strong product portfolio enabling energy transition Implementation of integrated performance Utilizing secondary material
Slide 40: Steel pipes / Plant, markets and products
Steel pipes / Plant, markets and products Products - Steel pipes Markets: High depth offshore pipelines of high-end specifications Demanding onshore gas and liquid fuels pipelines Pipes for hydrogen transportation and CCS technologies Specialized, hollow sections Capacity: Location: Tn 925,000Tn/yea
Slide 41: Steel pipes / Company
Steel pipes / Company STEEL PIPES SEGMENT OF The one stop shop philosophy: With over half century's experience, Corinth Pipeworks has worked with major energy companies Unique production across the globe on highly demanding projects. Integrated services, Coating, The Company's customer oriented phil
Slide 42: Be part of the energy world
Cenergy Holdings S.A. invests in industrial companies at the Be part of the energy world forefront of high growth sectors, such as energy transportation, telecommunications and construction. Based in Belgium, the Company was founded in 2016 and is listed on Euronext Brussels and on the Athens Stock
Slide 43: Steel
05 Steel Corporate Presentation | 43
Slide 44: Steel at a glance
Steel at a glance The steel segment companies offer a broad range of value-adding products and solutions for building and construction (including buildings, roadworks, metro stations, bridges, shopping malls and hydroelectric dam projects), mechanical engineering, shipbuilding, road and rail, the Sa
Slide 45: Steel at a glance
Steel Revenue 2022 a-EBITDA 2022 Investments 2022 at a glance € 1,392 million € 196 million € 30 million Revenue 2021 a-EBITDA 2021 Investments 2021 € 1,068 million € 124 million € 27 million Sales revenue in EUR million Strong contribution to low carbon, circular economy with 98% of raw materials f
Slide 46: Steel: aligning with megatrends
Steel: aligning with megatrends Circular economy Urbanization Technological advancements Low carbon and Products with high Operational recycled content Sustainable buildings Digitalization Industry 4.0 recyclable products excellence By-products and wastes recycling as raw materials Concrete reinforc
Slide 47: Steel / Main plants
Steel / Μain plants Billets, wire rod, SD concrete reinforcing steel (bars and Billets, SD concrete reinforcing steel, SD rebars cut-to- coils) length, SD spooled coils, SD wire mesh, SD stirrup reinforcing mesh, Sidefit special mesh, Sidefor and Sidefor Plus prefabricated stirrup cages Tn Capacity:
Slide 48: Steel / markets and products
Steel / markets and products Building & Transportation, automotive & construction shipbuilding SD integrated concrete reinforcing system (concrete reinforcing steel, bars and Quarto plates, special bar quality steels (SBQs), wire and welding coils, cut-to-length rebar, spooled coil, mesh, stirrup re
Slide 49: Steel / Company
Steel / Company Long experience in Sidenor is a leading producer of long steel products in South East Europe. Wire rod multimodal logistics across Sidenor's plant in Thessaloniki produces steel from recycled scrap, promoting the circular economy. in standard or customized qualities The plant operate
Slide 50: Steel / Company
Steel / Company Sovel is a leading producer of long reinforcing steel products in South East Europe. Sovel's plant in Almyros, Central Greece produces State of the steel from recycled scrap, promoting the circular art facilities Own port facilities economy. Sovel manufactures long steel products via
Slide 51: Steel / Company
Steel / Company Major supplier to Stomana Industry is a leading manufacturing company of flat and long steel products located in Bulgaria. Main markets: Central Europe, Stomana plant in Pernik produces steel from recycled the shipbuilding, automotive, scrap and is among the few steel mills producing
Slide 52: Steel / Company
Steel / Company Leading producer of Dojran steel is a producer of long steel products via rolling process and downstream products. Wide range of products, merchant bars Dojran produces steel exclusively from billets from recycled ferrous scrap promoting the Merchant bars, rebar products in South Eas
Slide 53: Real estate
06 Real estate Corporate Presentation | 53
Slide 54: Real estate at a glance
Real estate at a glance Noval Property is the 2nd largest Greek REIC Offices, shopping centres 62 properties 2nd Largest Low leverage Strong tenant mix Diversified portfolio in / retail parks, hospitality, (one through a joint venture Greek REIC capital structure and long-term Greece and selectively
Slide 55: Real estate at a glance
Real estate Investment portfolio fair value (31.12.2022) GBA Total assets 2022 at a glance* € 486 million 465,000 sqm. € 597.3 million Investment portfolio fair value (31.12.2021) GBA Total assets 2021 € 413 million 453,000 sqm. € 568 million GAV in EUR million 1st LEED PLATINUM building in Greece 4
Slide 56: Real estate: aligning with megatrends
Real estate: aligning with megatrends Circular economy Urbanization Technological advancements Low carbon and recyclable products Sustainable buildings Smart buildings Energy efficiency in buildings Digitalization Properties with LEED certification Conversion of former industrial assets into logisti
Slide 57: Highlights
Highlights Real estate development expertise in the commercial, office and hospitality sectors Retail Hospitality Offices Main tenants IKEA Megastore Wyndham Grand Athens 5* Hotel 'Butterfly'' Office building River West Shopping centre Wyndham Grand Athens 5* Hotel ''The Orbit'' Office campus Mare W
Slide 58: Real Estate / Company
Real Estate / Company 2nd largest Greek Noval Property is the 2nd largest Greek Real Estate Investment Company (REIC). EUR 486.4 mill. Real Estate Investment Noval Property possesses a diversified mature and resilient portfolio of high-quality assets, with long term property portfolio fair inflation
Slide 59: Technology and R&D&I
07 Technology and R&D&I Corporate Presentation | 59
Slide 60: Technology and R&D&I at a glance
Technology and R&D&I at a glance Development of high value added products. Efficient solutions for the optimization of industrial and business processes. Viohalco's R&D&I work focuses on developing new, Continuous scientific research, combined with Through on-going research and industrial processes
Slide 61: Technology and R&D&I / Company
Technology and R&D&I / Company Provides R&D&I services and Elkeme's main focus is applied industrial research and the technological development and analysis of four major metals Established in technical solutions for new products, sectors (aluminium, copper, steel and zinc). 1999 Elkeme provides val
Slide 62: Technology and R&D&I / Company
Technology and R&D&I / Company TEKA Systems, since 1975, offers high quality services to its customers by creating new standards with extensive experience in the field of Engineering Solutions Technology and Information Τechnology, in the wider region of South-eastern Europe. TEKA Systems has huge k
Slide 63: Financials
FINANCIALS
Slide 64: A strong year with robust financial performance
A strong year with robust financial performance Capitalizing on investments of state-of-the-art technology and global sustainability megatrends Sustained Growth in All Viohalco Investment in process Αward of new contracts Growth of the real demand profitability margins segments seized efficiency, ca
Slide 65: Financial Results Consolidated
Financial Results Consolidated Revenue (EUR million) 6,986 5,375 4,406 4,198 3,850 Viohalco's consolidated revenue up 30% year-on year to EUR 7 billion (2021: EUR 5.4 billion), driven by increased sales prices. 2018 2019 2020 2021 2022 a-EBITDA (EUR million) 649 426 Consolidated operating profitabil
Slide 66: Viohalco's divisions
Viohalco’s divisions Industrial division Real estate division Revenue: € 30 m a-EBITDA: € 13 m Aluminium Copper Cables Steel Pipes Steel Revenue: Revenue: Revenue: Revenue: Revenue: € 2,313 m € 1,811 m € 895 m € 457 m € 1,392 m a-EBITDA: a-EBITDA: a-EBITDA: a-EBITDA: a-EBITDA: € 223 m € 75 m € 110 m
Slide 67: Industrial division
Financial Results Industrial division Corporate Presentation | 67
Slide 68: Financial Results Industrial Division
Financial Results Industrial Division Revenue per segment (EUR million) Revenue (EUR million) Aluminium, Steel, 6,955 2,313 m 1,392 m 5,356 4,398 4,187 3,840 Τhe revenue of the industrial Cables, Steel Pipes, 457 m Copper, 895 m division amounted to EUR 7 billion 1,811 m versus 5.4 billion in 2021.
Slide 69: Financial Results Industrial Division
Financial Results Industrial Division 2022 Operating performance: a-EBITDA (EUR thousand) Aluminium Copper Cables Steel Pipes Steel Other @ € 223 m @ € 75 m @ € 110 m @ € 25 m @ € 196 m @ €7m +101 m | +82% +15 m | +24% +20 m | +22% +11 m | +78% +73 m | +59% -2 m|-27% 636 73 20 11 15 101 -2 419 a-EBI
Slide 70: Financial Results Industrial Division
Financial Results Industrial Division Capital expenditure for the period amounted to EUR 317 million Net debt increased to EUR 1,921 million (31 December 2021: EUR 1,569 (2021: EUR 253 million), mainly attributable to the aluminium million) before IFRS 16 adjustment, mainly attributed to the increas
Slide 71: Aluminium segment at a glance
Aluminium segment at a glance
Slide 72: Aluminium segment at a glance
Aluminium segment at a glance Revenue (EUR million) 2,313 1,678 1,397 Strong performance mainly due to increased production capacity, 1,319 1,168 continuous upward trend in demand for recyclable product solutions and optimised product portfolio of superior quality. Elval and Symetal performance driv
Slide 73: Copper segment at a glance
Copper segment at a glance
Slide 74: Copper segment at a glance
Copper segment at a glance Revenue (EUR million) 1,811 1,564 Continued growth despite a downturn in demand in the second 1,066 1,037 1,066 half of the year, due to unfavourable market conditions. Weaker demand for copper tubes and copper alloy extruded products in second half of the year. In Sofia M
Slide 75: Cables segment at a glance
Cables segment at a glance Corporate Presentation | 75
Slide 76: Cables segment at a glance
Cables segment at a glance Revenue (EUR million) 895 757 Solid growth achieved as a result of cable products sales and 568 569 steady revenues from cable projects. 475 Projects business continued to perform well driven by production and the installation of many projects, such as of 83 km-long submar
Slide 77: Steel Pipes segment at a glance
Steel Pipes segment at a glance
Slide 78: Steel Pipes segment at a glance
Steel Pipes Revenue segment at a glance (EUR million) 470 457 376 305 Turnaround in 2022 a consequence of increased energy prices, 225 with the restart of many projects that had been previously postponed. Execution of numerous significant projects and award of new ones, including in Chile, Australia
Slide 79: Steel segment at a glance
Steel segment at a glance
Slide 80: Steel segment at a glance
Steel segment Revenue at a glance (EUR million) 1,392 1,068 Key drivers of revenue growth: 917 816 • Ability to maintain a leading position in 678 Greece, Balkans and Cyprus • Entry into new markets • Significant increase in wire rod sales volumes, mainly in Western Europe • 15% increase in concrete
Slide 81: Real estate division
Real estate PLPI PL PL EP EI PPE PELL P tdi didi di titi titi ti tit division VIOHALCO
Slide 82: Real estate division at a glance
Real estate division Revenue * at a glance (EUR million) 30 62 properties of Noval Property at the end of the year 19 – 18 new assets added to the company’s investment portfolio in Greece in the first half of the year; 3 new assets 11 10 added during the second half of the year. 8 The portfolio comp
Slide 83: Confidentiality Warning – Disclaimer
CONFIDENTIALITY WARNING – DISCLAIMER The information contained in this corporate presentation (CP) has been prepared by Viohalco S.A. (the Company). It is based on historical financial data and other information already publicly disclosed by the Company. It also includes information from other sourc
Slide 84: www.viohalco.com
www.viohalco.com