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METLEN's Vision for the Future: Insights from the Investor Day in London

On April 29, 2025, METLEN, a leading multinational firm in the energy and metals sectors, conducted its Investor Day at the London Stock Exchange. This key event saw the company’s executives unveil a strategic roadmap grounded in the ambitious target of achieving a €2 billion EBITDA in the medium term. This projection is based solely on organic growth, without factoring in potential mergers or acquisitions. The presentation emphasized the company's commitment to securing a primary listing on the London Stock Exchange.

Key Updates from METLEN

During the event, Evangelos Mytilineos, the CEO of METLEN, offered a comprehensive update concerning the business operations across various sectors. METLEN is transitioning into a new strategic cycle that includes integrating critical metals, circular materials, and defense into its portfolio, alongside its traditional focus on energy, metals, infrastructure, and concessions.

Financial Performance

The financial highlights were particularly promising, showcasing METLEN’s success in tripling its EBITDA since 2020. This remarkable growth stems from a significant uptick in performance across all business segments, resulting in more than double the revenue and a noteworthy expansion in geographic presence. METLEN’s roadmap aims to double EBITDA further, leveraging an integrated and quality-driven business model designed to play a pivotal role in the energy transition era.

Strong Liquidity Supporting Growth

METLEN’s stringent financial approach has allowed it to maintain a leverage ratio consistently below 2x, even amid significant investment cycles. The company has successfully expanded its access to international financing, now possessing a strong liquidity level exceeding €3 billion as of December 2024 – a crucial asset for executing its business plan with confidence. This robust performance has been positively reflected in the significant rise of the company's stock since 2020, enhancing its operational performance and increasing its international visibility.

In the near future, METLEN plans a dual listing on both the London and Athens Stock Exchanges through a swap offering, aligning its capital market profile more closely with its international business footprint and enhancing shareholder value while broadening access to global investors.

Energy Sector Growth

The energy sector remains a core growth engine for METLEN. The company’s renewable energy platform has now surpassed 2 GW of mature projects, supported by a thriving EPC contract book exceeding €1.5 billion. This positions METLEN strongly as it continues to reinvest in its capital projects. METLEN’s ambition includes capturing a 30% share of the retail market in Greece by 2028, complemented by increasing activities in networks, data centers, and demand-side management.

Further, METLEN has established energy trading and supply platforms in Italy and Switzerland, capitalizing on Europe’s energy market interconnections, consequently enhancing its natural gas import capabilities.

Strategic Metals Goals

METLEN's metals division is positioned as a leading player in Europe within the aluminum and strategic materials framework. The company is intensifying its efforts in circular metallurgy, utilizing proprietary technologies to recover critical metals from industrial residues. With recovery rates of up to 99% and encompassing a variety of raw materials, this segment is anticipated to produce approximately 290 ktpa in the medium term, primarily comprised of high-value strategic materials that will bolster profitability and environmental impact.

Moreover, METLEN's recent entry into the gallium market – a strategic material for semiconductors and defense applications – plans to produce 50 tons per year, reinforcing Greece’s position in Europe’s gallium value chain while adding significant leverage to METLEN's diverse portfolio.

In the defense sector, METLEN is expanding its strategic footprint by investing in cutting-edge defense solutions, reinforced by growth in its industrial base in Volos and new partnerships with prominent defense companies such as Iveco Defence Vehicles and KNDS France.

Infrastructure and Concessions

The Infrastructure and Concessions segments are emerging as crucial drivers of METLEN's growth. Through METKA ATE and M Concessions, METLEN stands to gain from Greece’s anticipated €18 billion annual infrastructure wave. The group's dual structure, combining engineering execution with long-term concessions, establishes an autonomous model that links project construction with recurring revenue streams. Landmark projects, including the Thessaloniki bridge and bioclimatic school buildings, underscore this integrated approach.

In conclusion, METLEN’s Investor Day represented a critical milestone in the company’s long-term growth strategy, reaffirming its unwavering commitment to operational excellence, disciplined investments, and high-performance pillars that continue to define its path as a resilient industrial leader with a forward-thinking outlook.