CHICAGO, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report fourth quarter 2023 earnings on Wednesday, February 21, 2024 after the close of market trading. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Wednesday, February 21, 2024 at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at ...

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Century Aluminum Company (NASDAQ:CENX) Q3 2023 Earnings Call Transcript November 8, 2023 5:00 PM ET Company Participants Ryan Crawford - Financial Planning & Analysis and IR Manager Jesse Gary - President and CEO Jerry Bialek - EVP and CFO Conference Call Participants Ryan Crawford - Financial Planning & Analysis and IR Manager Jesse Gary - President and CEO Jerry Bialek - EVP and CFO Operator Good afternoon, and thank you for attending today's Century Aluminum Third Quarter Earnings Call. My name is Jason, ...

Table of Contents (Nasdaq Global Select Market) Century Aluminum Company (Exact name of registrant as specified in its charter) Delaware 13-3070826 Suite 1000 (Zip Code) Securities registered pursuant to Section 12(b) of the Act: Title of each class: Trading Symbol(s) Name of each exchange on which registered: Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of "large accelerated file ...

Financial Data and Key Metrics Changes - The company reported net sales of $576 million for Q2 2023, a 4% sequential increase [18] - Adjusted EBITDA attributable to the company was $30 million, an improvement of $6 million sequentially [19][32] - Adjusted net income was $16 million or $0.16 per share, an improvement of $27 million compared to the prior quarter [45] Business Line Data and Key Metrics Changes - Jamalco's operations are being integrated into the company's system, with expectations to restore the refinery to its design capacity of 1.4 million tons over the next several years [8][28] - The refinery returned to full and stable operations in July after disruptions in June due to adverse weather [34] - The company expects Jamalco to supply about 40% of its aluminum mix for the remainder of the year [25] Market Data and Key Metrics Changes - The global aluminum market shifted from a slight deficit to a slight surplus due to Chinese supply gains and short-term demand weakness [10] - The three-month aluminum price averaged $2,286 per ton in Q2, down about $150 from Q1 levels [37] - Global days of inventory remain near 50 days, with inventories historically low despite a growing number of consumers rejecting Russian metal [40] Company Strategy and Development Direction - The company is focused on disciplined cost management and operational improvements to position itself for a market rebound [12] - The Grundartangi casthouse project is nearing completion, expected to deliver low-carbon natural billet to European customers in Q1 next year [71] - The company aims to enhance its value-added product sales, particularly in automotive and renewable energy markets [38] Management's Comments on Operating Environment and Future Outlook - Management noted that persistent inflation and rising interest rates have cooled demand in the short term [11] - The company expects Q3 adjusted EBITDA to be in the range of $10 million to $20 million, reflecting lower raw material costs [52] - Management remains optimistic about the future, emphasizing the importance of operational performance and cost discipline [54][72] Other Important Information - The company incurred a $6 million loss at Jamalco due to downtime and lost production from a weather event [49] - The MISO capacity auction returned to normalized levels, providing a $20 million year-over-year benefit [21][60] - The company expects to close a land sale transaction for approximately $25 million in Q3 [46] Q&A Session Summary Question: Expectations for Jamalco's financial impact - Management confirmed that Jamalco is expected to be accretive to financial results starting in Q3, contingent on spot prices remaining favorable [29][74] Question: Details on the MISO auction and implications - The MISO capacity auction returned to normalized levels, with capacity prices less than $10 per megawatt-day for the upcoming 12-month period, providing a benefit of about $20 million [60][61][76] Question: Impact of capacity prices on business - Management indicated that the normalized capacity prices will positively impact the company's operations, particularly in Kentucky plants [59][76]

Nord Pool4 +/- $1/MWh 1 0.1 Coke5 +/- $10/MT 3 3 Caustic Income stmt: 5-6 month lag Cash flow: ~1 month lag HFO / Nat Gas 1-2 month lag Alumina Jamalco sourced (~40%), % LME (~30%), API (~15%), and Fixed (~15%) KY – Market-based power (Indiana Hub) plus delivery Iceland – ~70% LME dependent / ~20% market-based power (Nord Pool) plus transmission / ~10% fixed rate plus transmission Caustic Soda – Index, direct counterparty pricing HFO – Index, direct counterparty pricing Natural Gas – Henry Hub plus delivery ...

26 14. Components of Net Periodic Benefit Cost We have entered into financial contracts to hedge a portion of Grundartangi's exposure to the Nord Pool power market ("Nord Pool power price swaps"). All of the Nord Pool power price swaps are expected to cash settle monthly through During the third quarter of 2022, we entered certain floating Nord Pool financial contracts to unwind a portion of our fixed contract position as a result of the recent power agreement amendment, making us predominantly hedged again ...

Century Aluminum Company (NASDAQ:CENX) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET Company Participants Peter Trpkovski - VP, Finance & IR Jesse Gary - President and CEO Jerry Bialek - EVP and CFO Conference Call Participants Lucas Pipes - B. Riley Securities Timna Tanners - Wolfe Research John Tumazos - John Tumazos Very Independent Research Katja Jancic - BMO Capital Markets Operator Good afternoon. Thank you for attending today's Century Aluminum Company First Quarter 2023 Earnings Conference ...

Cautionary Statement 1 • Jesse Gary – President and Chief Executive Officer • Shelly Harrison – Senior Vice President, Finance and Treasurer 2 Industry Fundamentals • China supply cuts due to Yunnan region water shortages; additional cuts in EU announced • Energy and carbon costs continue decline • Indiana Hub prices QTD ~$33/MWh; down > 50% from prior year • Nord Pool prices QTD ~$86/MWh; hedged 95% at $30/MWh • Coke prices QTD ~$633/MT U.S. Gulf FOB basis; down ~10% from prior year • Jamalco integration u ...

Vlissingen Facility Agreement On December 9, 2022, Vlissingen entered into a Facility Agreement with Glencore International AG pursuant to which Vlissingen may borrow from time to time up to $90 million (the "Vlissingen Facility Agreement") in one or more loans payable on December 2, 2024, the maturity date of the Vlissingen Facility Agreement. As of March 31, 2023, there were no outstanding borrowings under the Vlissingen Facility Agreement. Surety Bond Facility As part of our normal business operations, w ...