{
  "docId": "019dd923-5e88-73ef-bd59-ed6f17145f00",
  "docSlug": "6fbdd8d9179c3933",
  "documentTitle": "Befesa Investor Presentation Goldman Sachs 4th Annual Carbonomics Conference",
  "authorId": "GoldmanSachs",
  "authorName": "Befesa",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 40,
  "pageCount": 84,
  "prevPage": 39,
  "nextPage": 41,
  "slideType": "initiative_list",
  "function": "present_solution",
  "density": "overcrowded",
  "nDataPoints": 8,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "photo"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd59-ed6f17145f00/40",
  "deckHref": "/decks/019dd923-5e88-73ef-bd59-ed6f17145f00",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd59-ed6f17145f00.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd59-ed6f17145f00#slide-40",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "c. €80–90m total investment; +€15–20m total incremental EBITDA p.a.; Low-risk & medium-return projects",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-1d6d-7403-ae97-7986aa82a1cb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.2,
        "x": 0.63,
        "y": 0.54
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "illustration",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "08736e1c-7926-4e7b-b369-2f6de1462d66",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.2,
        "x": 0.19,
        "y": 0.54
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c6e6d091-c65d-43fd-b4ab-e1c4d55b8f0d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.53,
        "y": 0.25
      },
      "kind": "list",
      "text": "Invest in a new c. 120 kt state-of-the-art salt slags recycling plant in line with incremental secondary aluminium capacity; Permits + construction + ramp-up: 2023–26; Operational by 2026–27; Low-risk & medium-return project",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5c6c066e-2bff-4100-b734-8f8bf2ed33bb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.07,
        "y": 0.25
      },
      "kind": "list",
      "text": "Expand 2nd aluminium production capacity by c. 90 kt at existing site (Bernburg) in line with expected volume; Permits + construction + ramp-up: 2023–25; Operational by 2026; Low-risk & medium-return project",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "af288e5f-79ee-4b58-af2e-c287c1ca28d4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "incremental EBITDA: €15-20m",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-1d6d-7403-ae97-7f9c04a54fe9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.07,
        "y": 0.75
      },
      "kind": "paragraph",
      "text": "Befesa’s expansion projects: Expansion of 2nd Aluminium will increase capacity from existing 205 kt to c. 295 kt; New Salt Slags recycling plant will increase capacity from existing 450 kt to c. 570 kt; c. €80–90m total investment; +€15–20m total incremental EBITDA p.a.; Low-risk & medium-return projects",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "443ff20e-3168-42aa-ac2c-fdd4ce7284ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.6,
        "x": 0.07,
        "y": 0.06
      },
      "kind": "title",
      "text": "Expansion of 2nd Aluminium and New Salt Slags recycling plant",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2d8de67f-6605-4ee6-a010-aef8b445d570",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "ba9f90aa-1316-414c-9cb4-08e16b7e2589",
      "evidence": "chart/waterfall: Waterfall chart showing EBITDA to Cash Flow PF",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [
    {
      "to": 40,
      "from": 36,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "622de464-2ead-4fb5-b2c8-7137a340e118",
      "evidence": "The document mentions the importance of decarbonisation and EV in driving growth.",
      "position": 1,
      "objective": "The cost of not investing in decarbonisation and EV",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}