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Corporate Presentation Viohalco .1 2 Corporate presentation Viohalco .1 2. Aluminium 3. Copper & cables 4. Steel & steel pipes 5. Real estate Our Company Viohalco, a publicly traded company (Euronext Brussels and Athens Exchange: VIO) based in Brussels, Belgium, is the holding company of various metal processing companies in Europe. With production facilities in Greece, Bulgaria, Romania, Russia, FYROM, the United Kingdom and Australia, Viohalco’s subsidiaries specialise in the manufacture of aluminium, copper and cables, and steel and steel pipes products. Viohalco and its companies are also active in real estate development projects. 3 Notes . Viohalco is listed on Euronext Brussels and Athens Exchange • Elval, Halcor, Hellenic Cables and Corinth Pipeworks are listed on Athens Exchange Long-term performance Consolidated revenue EUR mil. 3,763 3,683 3,536 3,274 3,317 2,958 2,885 2,943 2,331 2,298 2,154 1,508 1,549 1,323 CAGR 5.8% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 4 Notes • 2005-2011 Viohalco – Hellenic Financials • 2012 Viohalco SA Financials on a pro forma basis 2014 financial highlights Revenue • Revenue up 2% to EUR 2,943 mil., mainly driven by increased sales volumes 3,763 3,536 EUR mil. • Significant improvement in EBIT to EUR 4 mil. 3,317 2,958 2,885 2,943 • Loss before income tax of EUR 90 mil., compared to a loss of 2,298 EUR 192 mil. in 2013 • Loss of the period of EUR 88 mil. vs. EUR 224 mil. in 2013, significantly affected by the lower income tax in 2014 2008 2009 2010 2011 2012 2013 2014 EBITDA Amounts in EUR mil. 2014 2013 EUR mil. Revenue 2,943 2,885 183 177 Gross profit 206 175 159 155 120 EBITDA 120 4 91 EBIT 4 (109) 5 Loss for the period (88) (224) 4 Loss attributable to the owners of the Company (59) (173) 2008 2009 2010 2011 2012 2013 2014 Notes • 2008-2011 Viohalco – Hellenic financials • 2012 Viohalco SA financials on a pro forma basis Recent companies’ developments Integration in The cross-border Start of Halcor’s commercial merger by absorption of operations of activities of the Sidenor Holdings S.A. by Viohalco S.A. was Mare West, Reynolds European concluded on 22 July the new retail SAs copper business 2015 park in Corinth, Award to Fulgor of a Elval and UACJ contract for the cable On December 2015, the Corporation SA jointly interconnection of the cross-border merger by established a absorption of Elval, 73.2 MW wind park in company in Germany Alcomet, Diatour and the island of to sell automotive St.George, south of Eufina by Viohalco was 6 decided heat exchanger Cape Sounio materials in Europe Viohalco .1 2. Aluminium 3. Copper & cables 4. Steel & steel pipes 5. Real estate Aluminium Elval is actively engaged in the processing, manufacturing and trading of flat rolled and extruded aluminium products, addressing the complex needs of a highly demanding portfolio of multinational clients in various industrial sectors. With state-of-the-art production facilities in Greece, the United Kingdom and Bulgaria and dynamic commercial presence in all of its key geographical markets, Elval has established a solid global position in its sector, as a true solution provider to its top-tier client base. 8 Aluminium operations at a glance Strong global position 12 production facilities in Greece, Bulgaria and the United Kingdom Presence in 90 countries The largest Greek aluminium processor, active in the manufacturing and trading of flat rolled & extruded products 9 Active business Significant associates investment in worldwide R&D Aluminium operations at a glance Aluminium processing 1. Medium size – flexible independent supplier. Production capability for wide coils (up to 2.5 m) and long slabs (8m) resulting in 2. low production cost. State-of-the-art key equipment 3. Quality compatible with the highest market standards. 4. Significant presence with growth potential in the lithography business. 5. Extensive distribution network. 10 6. Strategic alliance with UACJ Corp. Aluminium production plants Production facilities in Greece, the United Kingdom and Bulgaria BRIDGNORTH ELVAL ETEM BULGARIA ALUMINIUM (Oinofyta - Greece) (Sofia - Bulgaria) (Bridgnorth - UK) Aluminium rolling plant: Aluminium rolling plant: Aluminium extrusion plant: 486,000 sqm 268,400 sqm 125,000 sqm Buildings: Buildings: Buildings: 134,000 sqm 63,000 sqm 40,000 sqm 11 Production 2014: Production 2014: Production 2014: 251.8 kMT 85.3 kMT 18.0 kMT Aluminium product portfolio Product line – rolled products Facades (Etalbond ®, Beverage cans, Household foil, Shipbuilding & ELVAL ENF), gutters food cans & closures cigarette packing, marine applications, (Ydoral), roller confectionary trucks & trains shutters, roofing, packaging, frozen wall cladding Rigid packaging food, etc. (sheets and coils) Transportation (sheets and coils) Building Flexible packaging (sheets and coils) (foil) 12 Aluminium product portfolio Product line – rolled products Water heaters, Litho coils for Heat exchangers fridges,cookware printing units (brazing), components, insulation Household appliances Litho coils (sheets and coils) Automotive (sheet, coils) 13 Aluminium product portfolio Product line – extrusion products Aluminium systems Profiles for special for all types of doors applications, and shutters, industrial profiles for roller shutters, automotive venetian blinds, etc. applications, etc. Architectural Industrial profiles profiles 14 Aluminium: 2014 highlights Segment overview • Rolling business remains profitable • Restructuring process initiated during 2014, aimed at offering complete solutions to customers, especially in architectural applications 2014 2013 in EUR mil. Financial highlights Revenue 1,060 1,009 • Revenue increased by 5.1% to EUR 1,060 mil., Gross profit 84 82 driven by increased sales volumes EBITDA 79 74 • EBITDA up by 6.5% to EUR 79 mil. • Pre-tax earnings of EUR 19 mil. EBIT 32 28 • Profit attributable to owners of the Company Profit before income tax 19 16 up to EUR 17 mil. from EUR 0.4 mil. in 2013, largely due to the fact that deferred tax in Profit / loss for the year 16 -3 2014 was significantly lower than in 2013 Profit attributable to owners of the Company 17 0.4 15 Viohalco .1 2. Aluminium 3. Copper & cables 4. Steel & steel pipes 5. Real estate Copper & cables Halcor and its subsidiaries are active in the production of a wide range of copper and copper alloy solutions that span from copper and brass tubes, copper strips, sheets and plates to copper bus bars and rods. Hellenic Cables, a subsidiary of Halcor, engages in the manufacturing of a full portfolio of cables and conductors, enameled wires, copper and aluminium wire rods, as well as plastic and rubber compounds. 17 Copper & cables at a glance Copper Leading position in the Greek market for copper & brass products Exports to over Manufacturing facilities 80 in Greece, Bulgaria countries and Romania 11 large warehouses in the Balkans, Germany, Italy and France Cables Largest cable Majority of revenue Ability to 18 manufacturer in from markets provide South-Eastern Europe outside of Greece turnkey solutions to customers Copper & cables overview Production plants 4 plants in Greece 2 plants in Greece 1 in Romania 1 plant in Bulgaria 1 plant in Greece 1 in Bulgaria . 75 kMT /y . 100 kMT /y copper & . 40 kMT /y Copper tubes brass rolled products brass bars & tubes . 160 kMT/y cables, . 25 kMT /y copper & . 120 kMT/y copper wire rod, brass extruded products . 24 kMT/y compounds, . 30 kMT /y ZnTi sheets & coils . 14 kMT/y enameled wires, Certifications: Certifications: Certifications: Certifications: ISO 9001:2008 EN ISO 9001:2008 ISO 9001:2008 ISO 9001:2008 ISO 14001:2004 ISO 14001:2004 ISO 14001:2004 ISO 14001:2004 19 OHSAS 18001:2007 OHSAS 18001:2007 OHSAS 18001 OHSAS 18001:2007 Copper product portfolio Fabricator of diverse metal products Category Products Applications Water supply, heating, heating (pre-insulated), Copper refrigeration, natural gas, medical use, cooling, solar tubes energy and various industrial applications Rolled • Construction (roofing, gutters), electrical engineering products (connectors, transformers, boilers, etc.) and decoration Extruded • Construction, decoration, electrical engineering 20 (electronic control panels, valves, batteries etc.), products supports for gutters Cables production plants Main production plants THIVA, GREECE LIVADIA, GREECE BUCHAREST, ROMANIA OINOFYTA, GREECE CORINTH, GREECE Enameled wire Cable plant Cable plant Compound plant Cable plant plant Total Area: Total Area: Total Area: Total Area: Total Area: 175,082 sqm 121,818 sqm 267,789 sqm 21,263 sqm 209,656 sqm Buildings: Buildings: Buildings: Buildings: Buildings: 50,181 sqm 14,939 sqm 102,137 sqm 9,072 sqm 89,489 sqm Capacity: Capacity: Capacity: Capacity: Capacity: 60 kMT /y 14 kMT /y 50 kMT /y 24 kMT /y 50 kMT /y Cable & 120 kMT /y 8mm Wire 21 Certifications: Certifications: Certifications: Certifications: EN ISO 9001:2008 EN ISO 9001:2008 EN ISO 9001:2008 EN ISO 9001:2008 Certifications: EN ISO 14001:2004 EN ISO 14001:2004 EN ISO 14001:2004 EN ISO 14001:2004 EN ISO 9001:2008 OHSAS 18001: 2007 OHSAS 18001: 2007 OHSAS 18001: 2007 EN ISO 14001:2004 Cables product portfolio The largest cable producer in SE Europe Power cables Submarine cables Telecom cables Enameled wires Compounds Installation & • MV submarine cables . Enameled wires for building cables • Paper Telecommunication . Compounds Insulated network cables transformers for cables Industrial cables • Pb insulated (Copper & fibre optics) . Wind parks Enameled wires for . Compounds for . motors . Solar farms • HV submarine cables Data transmission other industrial . Marine under development cables applications . Railway & underground . Mining & tunneling • Fiber optic submarine Signaling, cables instrumentation and Power network cables control cables . Transmission • Composite submarine . Distribution cables 22 Cables product portfolio High added-value products . Specialised cables requiring both capital investment and know-how to produce Submarine . Limited supply, thus high margins cables . Increased demand for power grid expansion projects and off-shore wind parks . Require know-how and references (installed and in use cables) High / extra .
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