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    MYTIL   GRS393503008

MYTILINEOS S.A.

(MYTIL)
  Report
Delayed Quote. Delayed ATHENS STOCK EXCHANGE - 09/28 10:19:33 am
13.8 EUR   -1.64%
09/27MYTILINEOS S A : Acquisition of own shares
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09/24MYTILINEOS S A : Corporate Presentation 2021
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09/24MYTILINEOS S A : Acquisition of own shares
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Mytilineos S A : Flash Note Οικονομικών Αποτελεσμάτων Α' Εξαμήνου 2021 27-07-2021

07/27/2021 | 03:50am EDT

Flash Note

Financial Results 1H 2021

MYTILINEOS27.07.21

Contents

Chairman's Message 03

Key Highlights 04 -06

Calendar of Events 07-08

Basic Financial Figures 09-12

Business Units 13-35

Risks-Subsequent Events 36-37

2

Chairman's

message

"MYTILINEOS 1H 2021 financial results, confirms that the Company is on track to achieve record high profitability in 2021, while implementing in parallel its investment plan, in line with the ambitious environmental goals it has set.

In the forthcoming quarters, despite the uncertainties due to the pandemic, MYTILINEOS' financial performance is expected to be significantly enhanced, as demand, aluminum prices and premiums continue to increase, while electricity prices and consumption are growing in tandem. Meanwhile, the Renewables & Storage Development BU and the Sustainable Engineering Solutions BU are executing the existing contracts without any delays, while the Company also expects to benefit from fruition of significant investments that are gradually getting completed (increase in Aluminum capacity production to 250,000 tn -project new era 250-, commissioning of the new 826MW CCGT plant, significant investments in RES both in Greece and abroad)"

3

Strong Commitment to ESG and Health & Safety, Targeting to Achieve Net Zero by 2050

Overall

-30% reduction

2030

Neutral

2050

Targets*

on total CO2 emissions

Carbon Footprint

(Scope 1 & 2)

(Net Zero))

SES BU & RSD BU

Power & Gas BU

Metallurgy BU

-65% reduction

Targets*

Neutral

-50% reduction

on total CO2 emissions

(Scope 1 & 2)

per Business

Carbon Footprint

of relative

Unit by 2030

(Net Zero))

CO2emissions per MWh

produced

-75% reduction

of relative CO2

emissions per ton of

Aluminium produced

  • vs. 2019 level

We strive for our business success,

alongside our long-term

commitment to Sustainable

Development.

  • We further embed Sustainability in our corporate DNA.
  • We place the ESG criteria at the core of our strategy, decision-making and operations.
  • We are committed to continuous monitoring, disclosure & transparency of our performance.

We support the achievement of the

most relevant UN Sustainable

Development Goals (SDGs) for our

activities, by 2030.

4

Financial Results 1H 2021 Key Highlights

On-trackto achieve record-high profitability in 2021

Net Profit of €77m up c.11% YoY

Excluding the effect of one-off items, the increase in Net

Profit stands at 51%, on an adjusted basis for both periods

Compared to 1H 2020:

  • EBITDA came in at c.€156m, up 7% YoY or 29% on an adjusted basis
  • Net Profit margin improved by 28 b.p. to 7.7% from 7.5%
  • EPS, increases by c.16% vs. 2020

Compared to 2Q 2020:

  • 2Q 2021 Net Profit increased by
    c.21%
  • 2Q 2021 EBITDA is up c.16%

WACC has further decreased by c.6% to 5.7%, among others due to the

declining Cost of Borrowing

(c.2.5% from c.2.6% previously)

Leverage remained low, despite elevated Capital expenditure payments (mainly Growth CAPEX)

Net Debt stood at €652m vs €536m at end-2020

We have secured c.€1.5bn war- chest, including Cash at hand and undrawn Credit lines, to fund Growth

Comprising of c.€0.6bn in Cash and c.€0.9bn of undrawn committed Credit lines, without any major short-to-medium-termdebt maturities

FY2020 c.€50m Dividend

payment (final payment of c.€0.38/share), increasing payout ratio to c.41% from c.35% in 2019 (post-reporting period event)

Established track record of consistent and sustainable Dividend-payments

Since 2017 MYTILINEOS has distributed dividends in excess of €200m (c.10% of current Mkt Cap.)

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Mytilineos Holdings SA published this content on 27 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 07:49:01 UTC.


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Financials
Sales 2021 2 376 M 2 776 M 2 776 M
Net income 2021 181 M 211 M 211 M
Net Debt 2021 958 M 1 119 M 1 119 M
P/E ratio 2021 11,1x
Yield 2021 3,25%
Capitalization 1 911 M 2 236 M 2 232 M
EV / Sales 2021 1,21x
EV / Sales 2022 1,05x
Nbr of Employees 2 720
Free-Float 69,2%
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Mean consensus BUY
Number of Analysts 6
Last Close Price 14,03 €
Average target price 18,97 €
Spread / Average Target 35,2%
EPS Revisions
Managers and Directors
Evangelos George Mytilineos Chairman & Chief Executive Officer
Ioannis Kalafatas Chief Financial Officer
Spyridon S. Petratos Finance Director
Konstantinos Fatolas Executive Director-Group IT
Christos Stylianos Zerefos Independent Non-Executive Director
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