ElvalHalcor Hellenic Copper and Aluminium Industry S A : IR RELEASE FY'23

FY�23 Financial Results

Financial

Highlights.

01	02	03	04	05
Demand	Robust	Increased	Slowdown of	Drop in Net
remains	operational	Interest costs	investments	Debt due
subdued across	profitability	were partially	following the	to lower
most markets.	with a-EBITDA	offset by the	completion of	working capital
Increased	at EUR 239.3	decrease in	the lacquering	needs and
Interest rates	million.	Net Debt.	line during the	slowdown of
have affected		58% of the	first half of	investments.
growth,		loans are on	the year.
investments		Fixed rate.
and		Repayment of
consumption.		variable rate
		loans.

Macroeconomic Charts.

LME Prices

Global demand for metals is affecting prices.

Cu €/tn

10,000

8,000

6,000

4,000

Al €/tn

4,000

3,000

2,000

1,000

3

Macroeconomic Charts.

TTF - Gas

Improved supply, lower consumption. Europe's NG reserves full.

300.00

250.00

200.00

150.00

100.00

50.00

0.00

TFF daily prices

Source:Companyinformation.

4

Macroeconomic Charts.

Inflation rates

Inflation decreasing but still at levels over central banks' targets

%

12

10

8

6

4

2

0

EU USA

Source:Companyinformation.

Interest rates

Rising interest rates to mitigate the increased inflation rates.

%

7

6

5

4

3

2

1

0 -1

Euribor 3M		USD Libor 3M

5

Consolidated

Cost Analysis.

Slight decrease in Energy costs excluding Al, Cu, Zn and other metals costs.

Source:Companyinformation.

6

Sales evolution per quarter.

Source:Companyinformation.

7

a-EBITDA evolution per quarter.

Aluminium a-EBITDA (m€)

Copper a-EBITDA (m€)

Source:Companyinformation.

8

a-EBITDA evolution per ton.

1. Source: Financial Statementsand Company information.

9

IVA per ton evolution.

Source:Companyinformation.

10