Global Leader in Hydro Power and Aluminium
Aluminium Sales and Revenue
Ent
GROUP
Primary
aluminium
sales,
kt
Revenue
• In 2019, aluminium sales increased by 13.8% y-o-y, to 4,176 kt. This growth was
primarily due to partial sell down of surplus inventories of primary aluminum that
were accumulated by the end of 2018 as a result of OFAC¹ Sanctions² and launch of
the second part of the first potline of Boguchansky aluminium smelter in March
2019. In 4Q 2019, aluminium sales volumes increased 26.2% y-o-y to 1,107 kt
• In 2019, VAP³ sales amounted to 1,547 kt (down 7.0% y-o-y), the share of VAP sales
in total sales was 37%. In 4Q 2019, the VAP sales accounted for 443 kt (up 33.0%
y-o-y), the share of VAP sales improved by 2pp and accounted for 40%
(kt)
+13.8% y-o-y
4,176
3,671
60
4,176
13
261
3,671
Third Parties
131
Aluminium BOAZ
Aluminium Rusal
2,00
7
2,629
Ingots
VAP
3,48
3,902
0
1,66
4
1,54
FY 2018
FY 2019
FY 2018
FY 2019
Revenue from sales of primary aluminium and alloys decreased by 3.3%, to
from primary USD 8,019 mn in 2019, as compared to 2018, primarily due to 15.0% decrease in the (USD mn)
weighted-average realized aluminium price per tonne driven by a decrease in the
LME aluminium, which was partially offset by a 13.8% increase in primary aluminium
and allows sales volume
aluminium
and alloys,
USD mn
Other
revenue,
USD mn
•
•
•
Revenue from sales of alumina decreased by 31.9% to USD 664 mn for 2019 due a
decrease in the average sales price by 25.0% together with a decrease in the sales
volumes by 9.2%
Revenue from sales of foil and other aluminium products increased by 18.5%, to
USD 410 mn in 2019, due to an increase in revenue from sales of aluminium wheels by
USD 62 mn between the comparable periods
Revenue from other sales, including sales of other products, bauxite and energy
services decreased by 7.2% to USD 618 mn for 2019, due to a 3.5% decrease in sales of
other materials (such as silicon by 23.0%, aluminium powder by 10.6%, potassium
sulfate by 15.5%)
"OFAC" - The Office of Foreign Assets Control of the Department of Treasury of the United States of America.
"Sanctions" - on 6 April 2018, the OFAC added the Company to its Specially Designated Nationals List. OFAC removed the Company from the List with effect from 27 January 2019.
VAP includes alloyed ingots, slabs, billets, wire rod, wheels, high and special purity aluminium.
(1)
(2)
(3)
En+ Group overview
Investment highlights
Sustainable business
development
Results snapshot
Power segment
10,280
-5.5% y-o-y
9,711
666
346
618
975
410
664
8,293
8,019
FY 2018
FY 2019
Aluminium Alumina Foil Other
and other
aluminium
products
Metals segment
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