Qatar Aluminium Manufacturing Company · QSE:QAMC
Qatar Aluminium Manufacturing — Q1 2026 Earnings Presentation
27 slides from Qatar Aluminium Manufacturing's earnings presentation, Mar 31, 2026
Slide 1: Qatar Aluminium Manufacturing Company Investor Relations Presentation
Qatar Aluminium Manufacturing Company Investor Relations Presentation 31 Mar. 2026
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. QAMCO at a Glance 2. Ownership structure 3. Operations of joint venture 4. Competitive strengths 5. QAMCO results (For the period ended 31 Mar. 2026) 6. Market statistics and dividends 7. Historical Performance (2021-2025) 8. Governance structure 3 QAMCO, IR Presentation 1Q-26
Slide 4: QAMCO at a Glance
QAMCO at a Glance 4
Slide 5: QAMCO at a Glance: Overview
QAMCO at a Glance Overview • Qatar Aluminium Manufacturing Company • QatarEnergy provides all of the head office Q.P.S.C (QAMCO) was incorporated on functions for QAMCO through a comprehensive December 3, 2018 and listed on Qatar service-level agreement. Stock Exchange on December 16, 2018. • The op
Slide 6: Ownership structure
Ownership structure 6
Slide 7: Ownership Structure
Ownership Structure QatarEnergy Public (51%) (49%) QAMCO Qatalum Joint Venture (50%) QAMCO holds 50% share of Qatar Aluminium Limited (“Qatalum” or “QAMCO JV” or “JV”) as a joint venture shareholder, which produces high-quality aluminium of approximately 670,000 tons per year (“tpy”) for customers i
Slide 8: Operations of Joint Venture
Operations of Joint Venture 8
Slide 9: QAMCO's Joint Venture
QAMCO’s Joint Venture • Qatar Aluminium (Qatalum) operates a fully integrated aluminum production facility in Qatar, leveraging competitively priced energy to maintain strong profit margins and cash flow. • The plant comprises a Reduction Plant, Carbon Plant, Casthouse, a captive power plant (approx
Slide 10: 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 products. The Marketing and Offtake Agreement gives Qatar Aluminium (Qatalum) access to Hydro Aluminium’s worldwide sales netwo
Slide 11: Competitive strengths
Competitive strengths 11
Slide 12: Competitive Strengths
Competitive Strengths State of the art production facility and technology deployed Low cost Assured feedstock supply and competitively priced energy smelter High focus on Health and Safety and Environment Proven Positive share of operating profit & competitive EBITDA margins from JV financia
Slide 13: QAMCO results
QAMCO results (For the period ended 31 Mar 2026) 13
Slide 14: 1Q-26 Results - At a Glance vs. 1Q-25
1Q-26 Results - At a Glance vs. 1Q-25 Revenue -10% EBITDA +19% Net profit +34% QR 742 million ^ QR 324 million ^ QR 209 million Sales EBITDA EPS Volumes vs. 33% -19% Margin QR 0.037 vs. QR 0.028 127 KMT * 44% ▪ Average aluminum prices increased year-over-year, supported by stronger market fundamenta
Slide 15: Operational Performance Review
Operational Performance Review Production (MT’ 000) – 100% • Q1-25 vs Q1-26: Production volumes are down compared to last year, due to controlled shutdown toward end of the quarter resulting from the ongoing regional conflict. • Q4-25 vs Q1-26: Production volumes are down compared to the previous qu
Slide 16: Financial Performance Review
Financial Performance Review Share of Revenue (QR million) Net Profit (QR million) • Q1-26 vs Q1-25: Share of JV’s revenue decreased, mainly due • Q1-26 vs Q1-25: Net income improved primarily due to an increase in to lower sales volumes resulting from JV controlled shutdown towards the end of the c
Slide 17: Net Profit Variance Analysis: Q1-26 vs Q1-25
Net Profit Variance Analysis : Q1-26 vs Q1-25 (Amounts in QR’ million) QAMCO reported higher net profit compared to last year. Results were aided by the JV’s performance mainly due to: Favorable movements a) Higher average realized prices. b) Lower OPEX, mainly resulting from lower cost of raw mat
Slide 18: Net Profit Variance Analysis: Q1-26 vs Q4-25
Net Profit Variance Analysis : Q1-26 vs Q4-25 (Amounts in QR’ million) QAMCO reported lower net profit compared to the previous quarter. The decline in results were mainly due to the JV’s performance in the following: Unfavorable movements a) Lower sales volumes. Favorable movements a) Higher av
Slide 19: Analysis of EBITDA Margins
Analysis of EBITDA Margins Despite macroeconomic volatilities, QAMCO’s JV EBITDA margins continue to remain robust & resilient 4,300 47%46% 48% Primary Aluminium Price (USD/ton) 45% QAMCO’s JV EBITDA Margins (%) 44% 3,800 43% 43% 41% 41% 3,300 37% 38% 38% 36% 2,800 34% 35% 35% 35% 34% 33% 33% 32% 33
Slide 20: Market Statistics and Dividend Distribution
Market Statistics and Dividend Distribution 20
Slide 21: Market Statistics and Dividends
Market Statistics and Dividends Market Cap (QR Billion) 12.00 ~ QAR 7.8 bn 10.00 8.00 6.00 4.00 2.00 - Dividend distribution since incorporation Total Dividend - Dividend - Dividend - Dividend - Dividend – 1H-Dividend 2H- Dividend Dividend - 2019 2020 2021 2022 2023 - 2025 - 2025 2024 QR 446 m QR 24
Slide 22: Historical Performance 2021-2025
Historical Performance 2021-2025 22
Slide 23: Key Performance Indicators
Key Performance Indicators Production (MT’000) – 100% Sales Volumes (MT’000) – 100% Selling Prices ($ / MT) 666 • 2025 production remained highest since QAMCO’s incorporation. • 2025 recorded the highest sales volumes since inception. • Average selling prices remained strong by 2025 year-end, despit
Slide 24: Governance Structure
Governance Structure 24
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 “QatarEnergy”. out specific tasks. The Board remains lia
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.investorrelations@qataenergy.qa or qamco@qataenergy.qa Address: P. O. Box 3212, Doha, State of Qatar. Please refer to www.qamco.com.qa
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