|
Operational
Highlights & Milestones
l
Closed
2019 with >15 million working-hours w/o LTI - first time in the history
of its commercial operations.
l
Sales’
volume reached 1,350,326 metric tonnes (MT) up by 33% YoY.
l
Production
topped 1,365,005 MT up by 35% YoY.
l
Successfully
Refinanced US$1.5 Billion Syndicated Loan Facility with Lower Interest
Margin.
l
Signed
Regain as the technology partner for its Spent Pot Lining (SPL) Treatment
Plant - the first of its kind in GCC [capacity to treat 30k-35k/year].
Downbeat
Demand & Weak LME Prices.
Good
Financial Performance Partially Offset by Lower LME Prices.
|
Financial Summary
|
Q4 2019
|
Q4 2018
|
2019
|
2018
|
|
Average Cash LME (US$/MT)
|
1754
|
1968
|
1792
|
2110
|
|
Average Alumina Price (US$/MT)
|
280
|
441
|
332
|
473
|
|
Total Sales (US$M)
|
769
|
559
|
2660
|
2430
|
|
EBITDA (US$M)
|
139
|
4
|
305
|
326
|
|
EBITDA%
|
0.181
|
0.007
|
0.115
|
0.134
|
|
Net Income/ (Loss) (US$M)
|
37
|
-47
|
14
|
159
|
|
Gain/(Loss) Unrealised Derivatives
|
3
|
-9
|
-17
|
7
|
|
Adjusted Net Income / (Loss)*
|
34
|
-38
|
31
|
152
|
Source: Aluminium
Bahrain
|
(To contact the reporter on this story: jemma.shang@steelhome.cn or 86-555-2238875 18155520624) |
