Global Leader in Hydro Power and Aluminium
Driving the Lowest Cost Aluminium Production (2 of 2)
LTM EBITDA and margin of Power segment
(USD mn)
36%
36%
36%
37%
39%
40%
38%
38%
1,199
1,202
1,181
1,174
1,175
1,207
1,140
1,127
Q1'18 LTM
Q2'18 LTM
Q3'18 LTM
Q4'18
FCF evolution by segments¹
(USD mn)
(1)
Q1'19 LTM
Q2'19 LTM
Q3'19 LTM
Q4'19
Global aluminium cash costs curve (based on liquid metal)
1,614
$/t
2000
1,258
(as of 2019; USD/t)
1800
First quartile
1600
1400
USD 1,196
1200
En+
1000
OMt
5Mt
10Mt
15Mt
1800
877
LME average monthly LME price in 2019
1364
1600
963
413
298
1400
464
187
295
250
1200
FY 2016
FY 2017
FY 2018
FY 2019
UC Rusal
On a look through basis,
En+ Group is top decile
producer on a cash cost basis
Power segment
Metals segment
1000
20Mt
OMt
10Mt
40Mt
Source: CRU data used for comparison purposes. Company's calculations for En+ Group
30Mt
50Mt
60Mt
Power segment delivers stable margins, robust FCF generation and low cost aluminium
Calculated as operating cash flow less net interest paid and less capital expenditure adjusted for payments from settlement of derivative instruments, less restructuring fees and other payments related to issuance of shares and plus dividends from associates
and joint ventures.
En+ Group overview
Investment highlights
Sustainable business
development
Results snapshot
Power segment
Metals segment
Ent
GROUP
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