Investor Presentaiton
Alumimum Metal sensitivities
Annual sensitivities on adjusted EBITDA if +10% in price
NOK million
3 130
530
(730)
Revenue impact
•
Realized price lags LME spot by ~1-2 months
•
Realized premium lags market premium by ~2-3 months
Cost impact
Alumina
•
~1.9 tonnes per tonne aluminium
~ 2-3 months lag
•
(580)
(230)
•
Mainly priced on Platts index
Aluminium
Standard ingot
premium
Realized PAX
Pet coke
Pitch
Currency sensitivities +10%
NOK million
Adj. EBITDA
USD
BRL
EUR
•
2,870
(230)
(340)
Hydro
Carbon
~0.40 tonnes petroleum coke per tonne aluminium, Pace Jacobs Consultancy, 2-3 year
volume contracts, quarterly or half yearly pricing
~0.08 tonnes pitch per tonne aluminium, CRU, 2-3 year volume contracts, quarterly pricing
Power
14.0 MWh per tonne aluminium
Long-term power contracts with indexations
Annual adjusted sensitivities based on normal annual business volumes. LME USD 2,250 per mt, standard ingot premium 260 USD/mt, PAX 325 USD/mt, fuel oil USD 830 per mt, petroleum coke USD 685 per mt, pitch 1,340 EUR/t, caustic
soda USD 930 per mt, coal USD 230 per mt, USD/NOK 10.16, BRL/NOK 1.94, EUR/NOK 10.39
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