Century Aluminum Company · NASDAQ:CENX
Century Aluminum — Q1 2013 Earnings Presentation
9 slides from Century Aluminum's earnings presentation, May 20, 2013
Slide 1: Slide 1
Slide 2: Mt. Holly is free cash flow positive at recent LME pricing environment
Mt. Holly is free cash flow positive at recent LME pricing environment (1) Represents Century’s 49.7% ownership.
Slide 3: Revenue & Average Direct/Tolling Prices & LME Realized Prices
Revenue & Average Direct/Tolling Prices & LME Realized Prices
Slide 4: Pro forma LTM 3/31/13 results reflecting Sebree data
Note: Not pro forma for Sebree except for PF LTM 3/31/13. PF LTM 3/31/13 results reflect Sebree financial data for FYE 12/31/12 as Q1 2013 info is not yet available. (1) LME realized price is based on one month lag in pricing contracts.
Slide 5: Net Cash Cost per Tonne vs LME Realized Price
LIM PFLTM 38113 3/31/13, Adjusted” MEENet Cash Cost per Tonne. —LME Realized Price” ppt Grau
Slide 6: Adjusted EBITDA pro forma for Sebree and market power
Note: Not pro forma for Sebree or market power except for PF LTM 3/31/13. (1) See reconciliation on slide 35. (2) Includes 2012 Sebree operating cash cost per tonne and Hawesville power adjustment assuming entry into new power contract at current market price. (3) PF LTM 3/31/13 Adj. EBITDA based on
Slide 7: Adjusted EBITDA and capital expenditures
Note: Not pro forma for Sebree or market power except for PF LTM 3/31/13. Does not include Helguvik capital expenditures. (1) PF LTM 3/31/13 Adj. EBITDA based on Century LTM 3/31/13 Adj. EBITDA, Sebree 2012 PF Adj. EBITDA (Q1 2013 info is not available), and new Hawesville power contract adjustment.
Slide 8: EBITDA sensitivity to $100 movement in LME
• Assumes US margins change by $75/T and Iceland margins change by $50/T for each $100 movement in LME (1) LTM realized LME is based on one month lag in pricing contracts. (2) Iceland EBITDA does not include $43 million for corporate SG&A and $16 million for other operating costs. (3) Hawesville bas
Slide 9: Appendix
Appendix