Investor Presentaiton
En+
GROUP
En+ Group Annual Report 2021
STRATEGIC REPORT
CORPORATE GOVERNANCE
FINANCIAL STATEMENTS
APPENDICES
BUSINESS MODEL
THE POWER OF OUR
INTEGRATED AND SUSTAINABLE
BUSINESS
En+ Group benefits from its unique base of tightly-integrated assets that results in a fully
integrated and highly self-sufficient green business model. A substantial degree of vertical
integration provides the Group with significant advantages and additional sources of growth.
INPUTS
Assets
We have a total installed electricity
capacity of 19.4 GW (15.1 GW
from low-carbon hydropower
generation and 4.3 GW from
thermal power). Our aluminium
production capacity is 4.2 mtpa.
Research and development
The Company performs vast research
and development activities to
introduce environmentally friendly
technologies into production cycles
to save resources and reduce costs.
Raw materials
Bauxite production capacity of 20.6 mtpa
and alumina production capacity of
10.7 mtpa. The Group is c.77% self-
sufficient in bauxites and nephelines.
More than 98% of aluminium production
energy needs are met by hydro and
other carbon-free power sources.
People
We have c.90,000 employees
across over 60 sites in 12 countries,
and are considered one of the
largest employers in Russia.
Financial
Strong and resilient cash flow with
industry-leading EBITDA margins.
26.25%
Strategic investment
in Norilsk Nickel
(USD 12.4 bn)
Read more
at p. 41
POWER SEGMENT
Coal
Water
5
hydropower plants
coal production in 2021
Hydropower
17.7 TWh
of electricity
production in 2021
14.4 mt
16
combined heat and
power plants
Thermal power
12.7 TWh
of electricity
production in 2021
28.5 mn
Gcal of heat
production in 2021
+
Electricity transmission and distribution
+41,000 km 50.5 TWh
of power lines in
our networks
of electricity
distributed
Electricity trading and retail
- Capturing
additional margin
- Direct access to
consumers
20.3 TWh
sales in 2021
- USD 1,525 mn
electricity
- USD 465 mn heat
Hydropower from the Power segment is used to refine raw materials and produce
aluminium by the Metals segment in Siberia. More than 98% of aluminium
production energy needs are met by carbon-free power sources.
METALS SEGMENT
Bauxite
15.0 mt
production in 2021
Alumina
8.3 m
production
in 2021
Nepheline
4.4 mt
production in 2021
>100%
% self-sufficiency
in alumina
Primary aluminium production
3.8 m
production
in 20212
OUTPUTS
Social
The Group remained focused on ensuring the health
and safety of its employees, maintaining stable
operations and providing support to the regions
of operations. The Lost Time Injury Frequency Rate
of the Group showed a reduction compared to 2021
due to successful prevention of group injury cases.
C. USD 55m
mn
total social investments
and charitable
projects in 2021
Environmental
In 2021, En+ Group announced ambitious
decarbonisation targets and disclosed
the detailed roadmap of initiatives that
will enable the Group to reduce its
greenhouse gas emissions by at least 30%
by 2030, and to be net zero by 2050.
11%
reduction in GHG
emissions at smelter in
2021 compared to 20141
Sales volumes
3.9 mt
aluminium sales
2.0 mt
VAP sales
- USD 9,966 mn primary aluminium and alloys
- USD 610 mn alumina
- USD 515 mn semi-finished products and foil
Read more
at p. 32
Financial
Reflecting the improved pricing
environment, adjusted EBITDA
increased to USD 3,992 million
from USD 1,861 million, driven
by a 45.4% y-o-y increase in
London Metal Exchange aluminium
prices, as well as an increase in
electricity production y-o-y of
10.0%. EBITDA margin reached
28.3% compared to 18.0% in 2020.
USD 14.1 bn
revenue
26
A commitment to high international standards of corporate governance
and social responsibility underpins our business model and strategy.
Including Onda HPP.
Preliminary data, being verified as part of En+ Group 2021 Sustainability report preparation.
Excluding Boguchany Aluminium Smelter (BOAZ), a joint 50/50 project of RUSAL and RusHydro.
27
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