Qatar Aluminium Manufacturing Company · QSE:QAMC
Qatar Aluminium Manufacturing — Q3 2020 Earnings Presentation
27 slides from Qatar Aluminium Manufacturing's earnings presentation, Sep 30, 2020
Slide 1: Qatar Aluminium Manufacturing Company Investor Relations Presentation
Qatar Aluminium Manufacturing Company Investor Relations Presentation 30 September 2020
Slide 2: Disclaimer
Disclaimer The company in which Qatar Aluminium Manufacturing Company Q.P.S.C. directly owns investment is a separate entity. In this presentation, “QAMCO” and “the Company” are sometimes used for convenience in reference to Qatar Aluminium Manufacturing Company Q.P.S.C. This presentation may contai
Slide 3: Table of Content
Table of Content 1. About QAMCO 2. Ownership Structure 3. Board of Directors 4. Competitive advantages 5. Results at a Glance (For period ended 30 September 2020) 6. Market statistics and dividends 7. Operations of joint venture 8. CAPEX and Cash flows (2020-2024) 9. Results at a Glance (2019) 10. G
Slide 4: About QAMCO
About QAMCO 4 QAMCO, IR Presentation, Q3-20
Slide 5: About QAMCO
About QAMCO • Qatar Aluminum Manufacturing Company • The Authorized share capital is QR Q.P.S.C (QAMCO) was incorporated on 5,580,120,000 divided into 5,580,119,999 December 3, 2018 and listed on Qatar ordinary Shares and one (1) Special Share. The Stock Exchange on December 16, 2018. free float con
Slide 6: Ownership Structure
Ownership Structure Qatar Petroleum Public (51%) (49%) QAMCO Qatalum Joint Venture (50%) 6 QAMCO, IR Presentation, Q3-20
Slide 7: About QAMCO: Board of Directors
About QAMCO • QAMCO Board of Directors consist of: Mr. Abdulrahman Ahmad Al-Shaibi Chairman Mr. Ahmad Saeed Al-Amoodi Mr. Mohammed Essa Al-Mannai Vice Chairman Member Mr. Mohammed Jaber Al-Sulaiti Mr. Nabeel Mohammed Al-Buenain Member Member Mr. Khalid Mohammed Laram Member 7 For detailed biographie
Slide 8: Competitive Advantages
Competitive Advantages Low cost aluminium Proven financial position smelter • Focused investment for aluminium segment • Positive share of operating profit margins from its • State of the art production facility and technology joint venture deployed • Healthy share of operating cash flow generation
Slide 9: Results at glance (For period ended 30 September 2020)
Results at glance (For period ended 30 September 2020) 9 QAMCO, IR Presentation, Q3-20
Slide 10: Key Performance Indicators
Key Performance Indicators For the period ended 30 September 2020 Production (MT’000) – 100% • 9M-20 production volumes remained at par as compared to 9M-19. • Q3-20 production volumes marginally increased by 3% on Q2-20, due to slightly lesser no. of pots relined during Q3-20 compared to the previo
Slide 11: Key Performance Indicators - QAMCO share in JV
Key Performance Indicators For the period ended 30 September 2020 - QAMCO share in JV Share of Revenue (QR million) • 9M-20 vs 9M-19: Share of revenue declined, mainly due to declining trends in selling prices. • Q3-20 vs Q2-20: Share of revenue declined, mainly due to decline in selling prices and
Slide 12: Net Profit Variance Analysis
Net Profit Variance Analysis (QR in Million) QAMCO reported a net profit of QR 12 million, a decline in profitability by 84% compared to the 9M-2019. Results affected by Joint Venture performance due to: Favorable movements a) Decline in cost of goods sold due to lowered raw materials and energy c
Slide 13: Analysis of Selling Prices
Analysis of Selling Prices Selling Prices ($ / MT) o The average selling prices declined from previous periods due to persistent LME Premium challenging macroeconomic conditions LME Price difference pressuring LME prices. LME LME LME o Premiums declined mainly due to unprecedented shift in product m
Slide 14: Analysis of EBITDA margins
Analysis of EBIDTA margins Despite pressured primary aluminium prices globally, QAMCO’s JV EBIDTA margins remained robust and resilient 2,000 30% Primary Aluminium Price (USD/ton) 29.4% QAMCO’s JV EBITDA Margins (%) 1,900 29% 28.2% 1,800 LME 27.8% 28% 27.4% 1,700 26.4% 27% 1,600 26% 25.2% 25.2% 1,50
Slide 15: Geographic analysis – QAMCO JV revenue
Geographic analysis – QAMCO JV revenue Asia remained QAMCO JV’s largest market, while its presence in US and Europe continued to be substantial Europe 17% Qatar North America 3% Asia 13% 67% 15 QAMCO, IR Presentation, Q3-20
Slide 16: Market Statistics and dividend distribution
Market Statistics and dividend distribution 16 QAMCO, IR Presentation, Q3-20
Slide 17: Market Statistics and Dividends
Market Statistics and Dividends 8.00 Market Cap (QAR Billion) 7.00 6.00 QAR 5.6 bn 5.00 4.00 3.00 2.00 1.00 0.00 Jan-19 Jul-20 Jul-20 Mar-19 Mar-19 Jun-19 Jun-19 Jul-19 Jul-19 Jan-20 Jan-20 Mar-20 Mar-20 Jun-20 Jun-20 Feb-19 Feb-20 Feb-20 Aug-19 Aug-19 Sep-19 Sep-19 Nov-19 Nov-19 Dec-19 Dec-19 Aug-2
Slide 18: Operations of Joint Venture
Operations of Joint Venture 18 QAMCO, IR Presentation, Q3-20
Slide 19: QAMCO's Joint Venture
QAMCO’s Joint Venture • Qatar Aluminium (Qatalum) is located in Qatar, the company benefits from access to one of the world’s largest and most competitively priced sources of energy which allows it to maintain a first quartile cost position, one of the industry’s highest profit margins and strong ca
Slide 20: QAMCO's Joint Venture: Sales and Marketing
QAMCO’s Joint Venture Sales and Marketing: • With a Marketing and Offtake Agreement, Hydro Aluminium is responsible for the offtake and marketing of 100% of Qatar Aluminium product's. The Marketing and Offtake Agreement gives Qatar Aluminium (Qatalum) access to Hydro Aluminium’s worldwide sales netw
Slide 21: CAPEX and Cash Flows (2020-2024) – QAMCO's Share
CAPEX and Cash Flows (2020-2024) – (QAMCO’s Share) CAPEX: o Planned CAPEX (2020-24) include routine operations such pot relining; turbine inspections; baking furnace flue wall replacement; swing rectiformer; plan to enhance cybersecurity protocols; and compliance with requirements set by set by Qata
Slide 22: Results at glance (2019)
Results at glance (2019) 22 QAMCO, IR Presentation, Q3-20
Slide 23: Key Performance Indicators (2019)
Key Performance Indicators (For the 13 month period ended 31 December 2019 - QAMCO share in JV) Production (MT’000) – 100% Sales Volumes (MT’000) – 100% Selling Prices ($ / MT) • Production and sales volumes were marginally higher in comparison to the last pro-forma period. • Selling prices remained
Slide 24: Governance Structure
Governance Structure 24 QAMCO, IR Presentation, Q3-20
Slide 25: Governance Structure
Governance Structure Board structure Board committees • QAMCO Board of Directors consists of six (6) • The Board of Directors established Board Directors, all were appointed by the Special Committees and Special Committees to carry Shareholder “Qatar Petroleum”. QP appoints out specific tasks. The B
Slide 26: Governance Structure
Governance Structure Remuneration Shareholders’ rights Board of Directors • The Company’s Articles of Associations provide for • The Company has developed a periodically the rights of shareholders, particularly the rights to revisited remuneration policy for Board members. receive dividends, attend
Slide 27: Thank You
THANK YOU For further information, Qatar Aluminium Manufacturing Company can be contacted as follows: Telephone: (+974) 4013 2277 Fax: (+974) 4013 9750 E-mail: qamco@qp.com.qa Address: P. O. Box 3212, Doha, State of Qatar. Please refer to www.qamco.com.qa for the latest information, publications, pr
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