Luxembourg, 27 January 2022 – Metalcorp Group S.A., a global service provider for the procurement, production, mining and marketing of metals and minerals, achieved its best result in the company’s history in the fiscal year 2021.
- Strong deleveraging over the next couple of years through EBITDA growth aim to keep leverage below 4x in the future
- Growth underpinned by a portfolio of highly resilient recycling plants, complemented by increasing operational cash flow from production assets ramping up
- Strong liquidity with c. €200m available
- Ability to support maintenance capex through internal cash flows
- Pro-forma roll forward net liquidity balance of € 100m+ post repayment of 2022 bond balance (cash and finance lines)
- Well-invested asset base, with 2021 representing the end of a period of intensive capital investments to support future growth
- Recurring maintenance capex limited to c. €5m per annum
- Growth focused on organic expansion with M&A opportunities in the recycling industry being evaluated
- Long term investment horizon with no exit constraints
- No dividend distribution envisaged in the near term