Inactive Instrument

ALUMETAL

AML.TO

PLALMTL00023

Alumetal S A : Group 3Q2022 financial results

November 16, 2022 at 05:59 am EST

Alumetal Group

3Q 2022 financial results

16 November 2022

3Q 2022 and LTM at glance

Volume sales - 58,7 k tons in 3Q 2022 and 245,3 k tons in LTM
EBITDA - PLN 64,8 mn in 3Q 2022 and PLN 272,0 mn in LTM
Normalized net profit - PLN 45,5 mn in 3Q 2022 and PLN 191,6 mn in LTM
Operating cash flow - PLN 124,3 mn in 3Q 2022 and PLN 93,0 mn in LTM
Net debt - PLN 258,2 mn (0,9x EBITDA)

Motor vehicle registrations in the EU and UK in thou. units

5 500	12%
				17%
5 000
4 500									1%

4 000
3 500
3 000
2 500
2 000
1 500
1 000
500
-
1Q			2Q				3Q		4Q
2013	2014	2015	2016	2017	2018	2019	2020	2021	2022

In 3Q 2022 new motor vehicle registrations in the EU and UK decreased by 1% (increase in passenger cars by 0,4% and decrease in commercial vehicles by 10%)
In LTM sales volume of motor vehicles in the EU and UK amounted to 12,48 mn units, decrease by 14% in comparison to 2021 (decrease in PC sales by 13% and CV sales by 16%)

Metal Bulletin 226 alloy spread in EUR/t

900
800
700
600
500
400																																														379

300
200
100
0
10-2012	12-2012	02-2013	04-2013	06-2013	08-2013	10-2013	12-2013	02-2014	04-2014	06-2014	08-2014	10-2014	12-2014	02-2015	04-2015	06-2015	08-2015	10-2015	12-2015	02-2016	04-2016	06-2016	08-201610-201612-201602-201704-201706-201708-2017	10-2017	12-2017	02-2018	04-201806-201808-201810-201812-201802-201904-201906-2019	08-2019	10-2019	12-2019	02-2020	04-2020	06-2020	08-2020	10-2020	12-2020	02-2021	04-2021	06-2021	08-2021	10-2021	12-2021	02-2022	04-2022	06-2022	08-2022
																							month average				ten-year average

The benchmark margin increased from 606 EUR/t in June 2022 to 739 EUR/t in September 2022 (in October 2022 it decreased to 662 EUR/t)
In 3Q 2022 average margin amounted to 647 EUR/t and was 28% higher than the average margin in 2021 and 71% higher than the ten-year average

Volume sales in thou. tons

275
250
225
200			176,5	191,2

175

150
125
100
75	55,2	58,7
50
25
0
	3Q'21	3Q'22	9M'21	9M'22

275
				245,3
250
				230,6

225
				197,7193,1
200
				176,0
175			164,8
		159,3	156,6
	156,1

150
	126,9
125

	99,4
100
	88,1

0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 LTM

In 3Q 2022 sales volume increased by 6% yoy to 58,7 k tons
In LTM sales volume amounted to 245,3 k tons, increase by 6% in comparison to 2021

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Alumetal SA published this content on 16 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 10:58:03 UTC.

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Company Profile

Alumetal SA is a Poland-based company engaged in the aluminum industry. The Company specializes in the manufacture of aluminum casting alloys, primary alloys and steel deoxidizers for steelworks. It offers two types of alloys: one-notch ingots of six to eight kilos and two-notch of 13 kilos that may be steel-, plastic-, or aluminum strapped into single or double bundles of 500-900 kilos and also foil wrapped on customer's request. In addition, the Company's product portfolio comprises steel scrap, such as scrap in the form of chips, cut with press and shearing machine, large-size scrap grades and mixed grades of steel scrap; non-ferrous metal scrap, including zinc castings, magnesium castings and acid resistant steel; aluminum dross; and finest sieve fraction. In July 2014, Alu Holdings S.a r.l. sold 55.56% of the Company.

Sector

Aluminum

Calendar

2024-05-15 - Q1 2024 Earnings Release (Projected)

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