Investor Presentaiton
Adjusting items to EBITDA, EBIT and net income
NOK million (+=loss/()=gain)
Q1 2023
Hydro
Unrealized derivative effects on raw material contracts
Hydro Bauxite & Alumina
Q1 2022
(376)
Q2 2022
(173)
Q3 2022
157
Q4 2022
353
Q2 2023
177
94
Q3 2023
(41)
Q4 2023
182
Year 2022
Year 2023
(40)
412
Community contributions Brazil
Other effects
Total impact
Unrealized derivative effects on power contracts
(Gains)/losses on divestments
Net foreign exchange (gain)/loss
Other effects
Total impact
Unrealized derivative effects on LME related contracts
Unrealized derivative effects on power contracts
Significant rationalization charges and closure costs
Net foreign exchange (gain)/loss
Other effects
Total impact
Hydro Bauxite & Alumina
32
25
32
25
Hydro Bauxite & Alumina
162
162
Hydro Bauxite & Alumina
(376)
(173)
157
547
177
118
(41)
182
155
437
Hydro Energy
(236)
46
(254)
615
214
184
41
(37)
170
401
Hydro Energy
-
(65)
-
-
(65)
Hydro Energy
4
2
3
1
(3)
(7)
(5)
(6)
11
(20)
Hydro Energy
-
164
164
Hydro Energy
(232)
(16)
(251)
616
211
177
36
120
116
544
Hydro Aluminium Metal
4 715
(6 374)
(1538)
207
709
(2 836)
1 414
Hydro Aluminium Metal
(766)
1 056
1 291
1 638
62
(106)
113
(954)
33
(2 990)
(1667)
3 218
103
Hydro Aluminium Metal
(18)
64
46
Hydro Aluminium Metal
(19)
(23)
(26)
(40)
(37)
(114)
(79)
(89)
(108)
(320)
Hydro Aluminium Metal
(69)
(69)
Hydro Aluminium Metal
3 929
(5 428)
(273)
1868
733
(3 055)
1 448
(1 010)
97
(1 884)
Unrealized derivative effects on LME related contracts
Transaction related effects
Hydro Metal Markets
190
(850)
195
358
34
(146)
448
(121)
(107)
215
Hydro Metal Markets
50
4
35
31
120
Total impact
Hydro Metal Markets
190
(850)
195
358
84
(142)
483
(90)
(107)
335
Unrealized derivative effects on LME related contracts
Unrealized derivative effects on power contracts
Hydro Extrusions
(442)
543
84
(126)
(19)
6
113
(134)
59
(34)
Hydro Extrusions
(39)
58
50
(67)
5
(24)
(2)
(6)
3
(28)
Significant rationalization charges and closure costs
Hydro Extrusions
2
13
91
51
27
17
171
106
265
(Gains)/losses on divestments and other transaction related effects
Hydro Extrusions
(49)
1
(2)
(4)
20
1
4
(54)
25
Other effects
Hydro Extrusions
(74)
Total impact
Hydro Extrusions
(527)
541
130
Unrealized derivative effects on LME related contracts
Other and eliminations
(15)
(15)
DN
(2)
-
(107)
-
-
(76)
(107)
(106)
19
47
(15)
1553
(98)
128
35
38
121
(35)
25
(18)
36
(43)
(Gains)/losses on divestments
Other and eliminations
(25)
(25)
Net foreign exchange (gain)/loss
Other and eliminations
(21)
(26)
(83)
(91)
(115)
(143)
(130)
(155)
(221)
(543)
Other effects
Other and eliminations
15
26
15
26
Total impact
Adjusting items to EBITDA
Other and eliminations
Hydro
(36)
(41)
(65)
(29)
(131)
(151)
(130)
(174)
(170)
(585)
2948
(5 966)
(108)
3 254
1 132
(3 152)
1 923
(936)
128
(1 033)
Impairment charges
Hydro Bauxite & Alumina
3 773
3 773
Impairment charges
Hydro Aluminium Metal
49
Impairment charges
Hydro Extrusions
28
258
628
77
628
23
258
23
Adjusting items to EBIT
Hydro
2948
(5 966)
(59)
3 541
1 132
(3 152)
1 923
3 487
464
3 391
Net foreign exchange (gain)/loss
Hydro
(2 392)
1 129
(572)
(356)
1985
789
(538)
(152)
(2 192)
2 084
Adjusting items to income (loss) before tax
Hydro
556
(4 838)
(631)
3 185
3 177
(2 362)
1 385
3 336
(1 728)
5 475
Calculated income tax effect
Hydro
(181)
1 432
213
(972)
(935)
716
(416)
190
492
(445)
Adjusting items to net income (loss)
Hydro
374
(3406)
(418)
2 213
2 182
(1 646)
970
3 525
(1 236)
5 031
50
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