Global Leader in Hydro Power and Aluminium
Metals Segment Capital Expenditure
Capex dynamics
USD mn
2017
842
2018
834
400
295
300
254
226
220
192
197
200
163
129
100
0
Approximate
2019
848
launch schedule
292
Taishet anode plant
(1st stage)
217
203
136
Taishet anode plant
(2nd stage)
Taishet aluminium
Smelter³
1Q17 2017 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19
• In 4Q 2019 capex totaled USD 292 mn (+43.8% q-o-q). FY 2019 capex
amounted to USD 848 mn (+1.7% y-o-y)
Maintenance capex amounted to 59% of the aggregate capex in FY 2019
• In 4Q 2019 the Company continued its investment in key development
projects as per its strategic priorities of preserving its competitive
advantages of vertical integration into raw materials and product mix
enhancements:
- Carbon materials self-sufficiency: Taishet anode plant¹ (1st stage,
construction of anode baking furnace with a capacity of up to 217.5 ktpa
of baked anodes)²
-Aluminium capacities expansion: Taishet aluminium smelter¹ (1st stage,
428.5 ktpa)
(1) Please see slides in Appendix for further details on Taishet aluminium smelter and Taishet anode plant
(2) For baking of SAZ green anodes during modernization of anode baking furnaces
(3) In regards to Taishet aluminium smelter table above indicates planned schedule of first metal
En+ Group overview
Investment highlights
Ent
GROUP
2H
1H 2020
1H 2021
2023
2020
Taishet anode plant
Taishet aluminium smelter
Sustainable business
Results snapshot
Power segment
Metals segment
development
62
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