Stable market conditions and solid operative performance led to good three- month figures for FY 2022/23, despite higher energy prices and general cost inflation
Input-material-related decreased metal result. Metal result remains a significant earnings contribution for Group's earnings
Lower sulfuric acid revenues - with ongoing strong pricing for sulfuric acid products
Very good operating performance at our primary smelter in Pirdop Net cash flow low due to temporarily high working capital
Op. EBT for FY 2022/23 expected at the upper end of the € 400-500 million forecast corridor
Stable operating performance and stabilizing markets lead to a guidance at the upper end of the corridor
Aurubis Analyst Conference Call on February 6, 2023
2
Aurubis achieved strong 3-month results
3M
3M
Change vs.
(operating IFRS)
2022/23
2021/221
prior year
Revenues
€m
4,096
4,406
-7 %
Gross profit
€m
393
419
-6 %
EBITDA
€m
172
210
-18 %
EBIT
€m
124
163
-24 %
EBT
€m
125
164
-24 %
Consolidated net income
€m
99
127
-22 %
Operating ROCE
(%)
16.3
17.9
-
(operating EBIT last 4 quarters)
1 Prior-year figures adjusted
Aurubis Analyst Conference Call on February 6, 2023
Market conditions stable during Q1 2022/23
Trend in significant market prices and refining charges
100 % = Sept. 2018
450%
400%
350%
300%
250%
200%
150%
100%
50%
0%
09.2019
12.2019
03.2020
06.2020
09.2020
12.2020
03.2021
06.2021
09.2021
12.2021
03.2022
06.2022
09.2022
12.2022
03.2023
Sulfuric acid price
(spot CFR Brazil)
Copper price (settlement)
Exchange rate (US$/€)
European refining charges
for copper scrap no. 2 Copper premium
TC/RCs for copper concentrates (contract)
Aurubis Analyst Conference Call on February 6, 2023
4
Gross margin for the Group in 2021/22
Breakdown of income components in the Aurubis Group 3M 2021/22 YTD (YTD prior-year figures)
30 % (29 %)
Treatment charges
39 % (42 %)
for concentrate +
recycling input
Metal result
~ € 540 million* (~ € 545 million*)
31 % (29 %)
Premiums + products
Gross margin = Total of earnings components metal result, treatment charges for concentrate + recycling input and premiums + products
Aurubis Analyst Conference Call on February 6, 2023
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Aurubis AG published this content on 06 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2023 08:19:00 UTC.
Aurubis AG is a Germany-based company engaged in the production of primary copper and precious metals, the recycling of secondary raw materials and the processing of copper into final products. Its product portfolio comprises rod and specialty wire, such as cast rod, directly cast, oxygen-free copper rod and a variety of drawn products; shapes; industrial rolled products; architectural solutions for surfaces and facades; bars and profiles for the electro-technical industry; cathodes; precious metals, such as gold and silver, which are extracted from copper concentrates and secondary raw materials; sulfuric acid, iron silicate, selenium, and recycled copper, precious metal and other non-ferrous metal products. The Company also operates copper slitting service centers.
AURUBIS AG 
