YE-21 CAPEX and Cash Flow Forecast
CLASSIFICATION: C1 - CONTROLLED
CAPEX and Cash Flows (2022-2026) - (QAMCO's Share)
CAPEX:
。 Planned CAPEX (2022-26) include routine operations such as pot relining and other maintenance
pertaining to power plant and anode plant.
Cash Flows:
Cash Flows (QAR' m)
2022
2023
2024
2025
2026
o Impressive cash flows from
JV's operations, provided
sales prices are realized in
line with the budgeted plans.
Net operating cash flows
1,270
1,158
1,086
993
988
Net investing cash flows
(237)
(300)
(138)
(123)
(146)
Net financing cash flows
Net cash flows
(38)
10
(60)
(607)
(46)
995
869
887
263
795
o Financing cash outflows only
pertains to interest costs,
except for 2025, which
includes loan repayment on a
proportionate basis.
Note: The cash flow figures for the years 2022-26 are based on the 2022 approved budget and
business plan, based on the expectations of the market conditions and aluminium prices
prevailing at the time preparing the business plan.
With the current market conditions and aluminium price trends, the cash flow forecasts for 2022-
2026 as disclosed in the above table cannot be relied on with absolute certainty, where, the
actual realization of these cash flows might significantly differ as compared to these projections,
subject to the macroeconomic conditions, including, among other factors, business environment,
market dynamics, product prices etc. prevailing in that specific year.
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