Aurubis : Analyst conference call presentation Interim Report First 6 Months 2021/22 PDF 4 MB

Interim Report

First 6 Months 2021/22

Analyst Conference Call on May 10, 2022

Executive summary of first 6 months 2021/22

Operating EBT 6M 2021/22 of € 345 million

(PY: € 185 million)

ROCE 19.5 %

(PY: 11. 9 %)

Ongoing strong market conditions and good performance led to very strong half year results of FY 2021/22

Increased forecast range of € 500-600 million op. EBT for FY 2021/22

Good metal result paired with very strong performance of industrial metals (copper, nickel and tin)

Net cash flow € 50 million

(PY: € 125 million)

Adjusted forecast range for FY 2021/22

Significantly higher sulfuric acid revenues due to ongoing strong pricing for sulfuric acid products

Good operating performance and hence high throughput at primary sites in

€ 500-600 million Hamburg and Pirdop op. EBT

New forecast bases on an ongoing production and steady supply of energy and materials. High energy prices for gas and electricity in first half of

FY 2021/22

Aurubis achieved a very strong result driven by ongoing favorable market conditions and a strong operating performance. As a result, Aurubis increased the forecast range for FY 2021/22.

2

1 Beerse / Berango sites included on a pro forma basis for 2 months.

Aurubis achieves strong half-year results

(operating IFRS)

Revenues Gross profit EBITDA EBIT EBT

Consolidated net income

Operating ROCE

(operating EBIT last 4 quarters)

6M 2021/22

6M 2020/21

€m €m €m €m €m €m

9,262 871 440 346 345 268

7,519 715 280 188 185 142

Market conditions in YTD 2021/22: Strong industrial metals and sulfuric acid markets

Trend in significant market prices and refining charges

300%

250%

200%

150%

100%

50%

0%

Sep18

100 % = Sept. 2018

Sulfuric acid price

(spot CFR Brazil)

Copper price (settlement)Copper premiumExchange rate (US$/€)

European refining charges for copper scrap no. 2

TC/RCs for copper concentrates

(contract)

Dez18

Mrz19

Jun19

Sep19

Dez19

Mrz20

Jun20

Sep20

Dez20

Mrz21

Jun21

Sep21

Dez21

Mrz22

Gross margin split 2021/22 YTD

Breakdown of income components in the Aurubis Group 6M 2021/22 YTD (YTD prior-year figures)

* Gross margin = Sum of income components combining metal gains, Treatment Charges for concentrate + recycling input and Premiums + Products

New financial disclosure serves as a reference point for transparently reporting on key income components on group and segment level

Gross margin represents the company's income components and does not include paid metals. The figure is composed of metal gains, income from treatment and refining charges as well as premiums and products incl. sulfuric acid

New figures and pie charts will be shown in the regular reporting on group level as well as in the segment's disclosure