Investor Presentaiton
Capital expenditure
Peak capex has passed, now returning to levels closer to depreciation
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RHI MAGNESITA
2023 capex of €180 million (against guidance of
€200 million):
■ €86 million maintenance capex
■ €74 million project capex
■ €19 million in M&A
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⚫ 2024 capex to return to lower levels of c.€130
million plus €10million carry over project capex
from 2023 plus €30 million of M&A related capex
c. €35 million annually for three years to be
deployed for rebuilding digital architecture
• 2024 depreciation guidance c.€140 million
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2018
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2020
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2023
2024e
M&A Capex
Project Capex
Maintenance Capex
Investor Presentation | March 2024
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