Investor Presentaiton
Capital return dashboard 2022
Hydro
Capital employed 1)
9%
23%
~106
BNOK
4%
24%
40 %
Bauxite & Alumina
Aluminium Metal
Metal Markets
Extrusions
Energy
Capital returns
adj. RoaCE
22.2%²)
10% target over the cycle
Balance sheet
adj. ND/EBITDA
0.23)
adj. ND/EBITDA < 2x
target over the cycle
Free cash flow
2022
14.0 BNOK
4)
Improvements
9.6 BNOK realized by
end-2022
Improvement Program NOK 7.8 billion
Commercial ambitions NOK 1.8 billion
Net operating capital
8.8 BNOK cash build
2022
Capex
11.5 BNOK spent
2022
NOK 4 billion to be released
by end of 2023
2023 guiding 13.6 BNOK (excl. Hydro
Rein)
Proposed distribution:
2022
NOK 13.5 billion
5.65 NOK/share ordinary dividend
NOK 2 billion share buyback
1)
2)
3)
4)
5)
Graph excludes (3.9) BNOK in capital employed in Other & Eliminations
Adj. RoaCE calculated as adjusted EBIT last 4 quarters less underlying tax expense adjusted for 30% tax on financial items / average capital employed last 4 quarters
Average adjusted net debt last 4 quarters / total adjusted EBITDA last 4 quarters
Free cash flow - operating cash flow excl. collateral and net purchases of money market funds, less investing cash flow excl. sales/purchases of short-term investments
Pending approval from the AGM on May 10th, 2022
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