Investor Presentaiton
•
•
•
.
Metal Markets earnings drivers
Recyclers
.
Revenue impact - volume, LME and product premiums
Cost impact
•
Scrap and standard ingot premiums above LME
•
Raw material mix
•
Freight cost - proximity to market
•
Energy consumption and prices
750
700
650
600
550
500
Other main businesses
450
400
•
Physical ingot and LME trading
350
Third-party casthouse products
300
250
Results influenced by currency fluctuations and
inventory valuation effects
200
150
100
Adjusted EBITDA for Commercial excl. currency and
inventory valuation effects for 2024 expected in the
range of 250MNOK to 400MNOK
50
ul.
0
-50
-100
Q2 2014
Q3 2014
Adjusted EBITDA excluding currency effects and inventory valuation effect,
NOK million 1)
1) Amounts are as disclosed for the individual years reflecting the accounting policies applied for those years and Hydro's definition of APMs applied for the
relevant years.
Q4 2014
Q1 2015
Q2 2015
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Q2 2017
Q3 2017
Q4 2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
Q1 2019
Q2 2019
Q3 2019
Q4 2019
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Q1 2022
Q2 2022
Q3 2022
Q4 2022
Q1 2023
Q2 2023
Q3 2023
Q4 2023
38
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