Investor Presentaiton
Key Performance Indicators
For the year ended 31 December 2020 - QAMCO share in JV
Share of Revenue (QR million)
-11%
2,476
2,197
485
2019
96
2020
Q3-20
+22%
591
Q4-20
QAMCO's Net Profit (QR million)
96
2019
-1%
95
2020
+3,597%
-2
Q3-20
82
Q4-20
Share of JV's Debt (QR million)
2,415
31-Dec-19
-8%
2,221
(IAS 31)
31-Dec-20
Av. Cash cost (USD / MT)
1,619
-15%
1,376
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2020 vs 2019: Share of revenue declined, mainly due to declining
trends in selling prices.
Q4-20 vs Q3-20: Share of revenue increased, mainly due to improved
selling prices (+16%) with better LME premiums, and sales volumes
(+4%).
2020 vs 2019: Profitability impacted due to continued decline in
aluminium prices and lowered realized premiums. This was offset by
lowered cost of goods sold and slightly improved sales volumes.
Q4-20 vs Q3-20: Profitability recovered significantly, on the back of
following factors:
- improved LME prices, amid strength from macroeconomic
dynamics;
- better realized LME premiums, on account of reinstating
product mix to value added products from standard ingots;
- improved EBIDTA margins.
Share of debt decreased by 8% mainly on account of repayment of
principal amounting to QR 222 million.
Decline in cash cost was mainly due to the overall decline in
feedstock cost, lowered power import costs, savings on finance
cost because of lowered interest rates and other realized savings
amid operating costs optimization initiatives.
11
2019
2020
Note: For purpose of comparability, 2019 financial data reported here relates to the period from 01 January 2019 till 31
December 2019. Whereas, in actual, the published financial statements for the year ended 31 December 2019 included
financial data for the period from the date of QAMCO's incorporation (i.e. 3 December 2018) till 31 December 2019.
QAMCO, IR Presentation, Q4-20View entire presentation