En+ Group Investment Presentation
Driving the Lowest Cost Aluminium Production (1 of 2)
Unique asset base of cost-efficient HPPS
Operating cost/capacity¹
(USD mn/GW)
Adjusted
EBITDA margin (%) 2
Driving significant cost advantage in aluminium
Electricity costs
(US cents/kWh, 2020)4
EN+ Group HPPS
11
China Yangtze Power
20
Eletrobras
72
85
88
39
SDIC Power
85
52
2.7
EN+ Group (Power
37
87
Segment)
27
RusHydro
96
HydroQuebec
104
Engie Brasil
119
Verbund
Source: Company, Companies' public filings, FactSet.
64
0.83
53
4.7
4.1
3.5
55
3.3
2.8
2.6
2.6
Ent
GROUP
2.2
EN+ Group
30
379
EN+ Group
(Metals
Segment)
Chinalco 5 Xinfa Group Hongqiao
Group
East Hope
Emirates
Global
Aluminium
Alcoa
Norsk Hydro
Rio Tinto
Source: WoodMackenzie, company's data for En+ Group.
En+'s symbiotic business units result in best in class cost performance
(1) Operating costs are calculated as Revenue less Adjusted EBITDA. Based on latest annual filings available. (2) Based on latest annual filings available. Adjusted EBITDA margin = Adjusted EBITDA / Revenue; EBITDA calculation
and its respective adjustment vary as per each company's own methodology. (3) Company electricity costs on a look-through basis are calculated as Siberian HPP power generating costs (USD 164 mln) divided by HPP generation
(64.2 TWh) plus transmission tariff charged by Irkutsk Electric Grid Company to UC RUSAL (0.59 c/kWh), the average USD/RUB rate of 64.74. (4) WoodMackenzie data. (5) Includes Chalco and Yunnan.
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