Company Overview - Century Aluminum Company is headquartered in Chicago, IL and operates primary aluminum smelting facilities in the United States and Iceland [2] - The company is the majority owner and managing partner of the Jamalco alumina refinery located in Jamaica [2] Upcoming Events - Jesse Gary, the President and CEO of Century Aluminum, will present and participate in a Q&A session at the BMO Global Metals, Mining, & Critical Minerals Conference on February 25, 2025, at approximately 10:00 a.m. EST [1] Investor Relations - A real-time audio webcast of the conference session will be available on the "Investors" section of Century's website [1]

Group 1 - Century Aluminum Company will have its President and CEO, Jesse Gary, present at the BMO Global Metals, Mining, & Critical Minerals Conference on February 25, 2025, at 10:00 a.m. EST [1] - A real-time audio webcast of the session will be available on the "Investors" section of Century's website [1] - Century Aluminum operates primary aluminum smelting facilities in the United States and Iceland and is the majority owner of the Jamalco alumina refinery in Jamaica [2] Group 2 - The company has outlined various forward-looking statements regarding its assessment of global and local financial conditions, aluminum market prices, and key raw materials [3] - Future plans include managing market risks, controlling costs, and expectations regarding the operations of its smelters, including the Mt. Holly and Hawesville facilities [3] - The company is also focused on securing competitive power arrangements and assessing the impact of trade actions and regulations on its operations [3]

Financial Data and Key Metrics Changes - Century Aluminum Company generated adjusted EBITDA of $245 million for the full year 2024 and $82 million for Q4 2024, driven by strong aluminum prices and low energy costs [7][21] - Net sales for Q4 were $631 million, an increase of $92 million sequentially, attributed to higher aluminum sales volume and prices [22] - Adjusted net income for Q4 was $46 million or $0.49 per share, with liquidity at $245 million at the end of the quarter [23][24] Business Line Data and Key Metrics Changes - Global shipments in Q4 were approximately 167,000 tonnes, slightly lower than the previous quarter due to year-end shipment timing [21] - The Jamalco acquisition and LME linked commercial contracts helped mitigate alumina price volatility, with alumina prices reaching all-time highs in late 2024 [11][12] - Jamalco achieved a strong start in 2025, with January production at the highest monthly level since acquisition [16] Market Data and Key Metrics Changes - Aluminum prices averaged $2,575 per tonne in Q4, with spot LME trading above $2,700 in early 2025 [7] - Global aluminum supply is expected to move into a deficit of over 600,000 tonnes in 2025 due to strong demand and constraints on new supply [9][10] - Inventories are at multiyear lows of 49 days, supporting higher aluminum prices moving forward [10] Company Strategy and Development Direction - The company is focused on increasing production capacity at Jamalco and has implemented a multiyear CapEx program [17] - A new smelter project is underway, expected to double the size of the U.S. aluminum industry and create over 1,000 full-time jobs [43][44] - The company is evaluating the potential restart of the Mt. Holly smelter, with a positive outlook due to recent tariff announcements [51][52] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong market conditions for aluminum in 2025, with expectations for continued demand growth outpacing supply [6][10] - The impact of recent U.S. Section 232 tariff announcements is anticipated to positively affect the Midwest Premium, which has already risen significantly [41][42] - Management noted that the financial settlement from an alumina supplier will not repeat in future quarters, providing a clearer outlook for Q2 [56] Other Important Information - The company expects Q1 adjusted EBITDA to be in the range of $75 million to $85 million, influenced by lagged LME and regional premiums [36] - Capital expenditures for sustaining operations are projected at $45 million to $50 million, with additional investments planned for operational efficiencies [39] Q&A Session Summary Question: Impact of Midwest Premiums on Earnings Power - Management confirmed that the increase in Midwest Premiums will not be fully reflected until Q2, with potential annual impacts around $100 million [48][50] Question: Update on Mt. Holly Restart - Management indicated that the tariff program is favorable for Mt. Holly, and they are moving towards a restart, with updates to follow [51][52] Question: Timeline and Investment for Mt. Holly Restart - A restart at Mt. Holly is estimated to take around nine months, with costs to be determined upon decision [59][60] Question: Progress on New Smelter Project - The new smelter project is progressing well, with a $500 million grant from the Department of Energy secured and energy contract negotiations ongoing [64] Question: Demand Growth and Inventory Concerns - Management believes that demand for aluminum will outpace supply growth, with no evidence of significant inventory stockpiling [81][82] Question: Chinese Output and Capacity Cap - Management maintains that China will respect the 45 million tonne production cap, despite recent output increases [84][85]

Century Aluminum Company 4 th Quarter Earnings Call February 20, 2025 Cautionary Statement Certain statements in this presentation, and those made by Century Aluminum Company management on the quarterly conference call, relate to future events and expectations and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "expect," "hope," "target," "anticipate," "intend," "plan," "seek," "estimate," "potential," "project," "schedule ...

Financial Performance - Fourth quarter 2024 net sales increased by 17% sequentially to $631.0 million, driven by higher third-party alumina sales and improved aluminum prices[4]. - Net income attributable to Century stockholders for Q4 2024 was $47.7 million, a slight increase from $47.3 million in Q3 2024, with adjusted net income of $45.9 million[5]. - Full year 2024 net sales reached $2.2 billion, up from $2.185 billion in 2023, with a reported net income of $339.4 million compared to a loss of $43.1 million in 2023[6]. - Adjusted EBITDA for Q4 2024 was $82.4 million, a decrease of $21.3 million sequentially, while full year adjusted EBITDA increased by $125.2 million to $245.2 million[10]. - Full year 2024 results included a $245.9 million bargain purchase gain from the Jamalco acquisition, significantly impacting net income[9]. - Gross profit for the same period rose significantly to $186.4 million, compared to $91.9 million in 2023, marking an increase of 102.5%[19]. - Net income attributable to Century stockholders for 2024 was $339.4 million, a substantial recovery from a net loss of $43.1 million in 2023[19]. - Basic earnings per share for 2024 was $3.46, compared to a loss per share of $0.47 in 2023[19]. - Adjusted net income attributable to Century stockholders for the twelve months ended December 31, 2024, was $339.4 million, resulting in an EPS of $3.66, a significant recovery from a net loss of $43.1 million in the previous year[27]. - Operating income for the twelve months ended December 31, 2024, was $122.8 million, a substantial increase from $31.8 million in the previous year[27]. Sales and Shipments - Shipments of primary aluminum for Q4 2024 were 166,677 tonnes, a 1% decrease from Q3 2024, and full year shipments decreased by 3% to 677,967 tonnes[4]. - Shipments of primary aluminum for the full year 2024 totaled 677,967 tonnes, generating sales of $1,867.9 million, compared to 700,680 tonnes and $1,966.0 million in 2023[24]. Assets and Liabilities - Total current assets increased to $802.8 million in 2024 from $767.1 million in 2023, reflecting a growth of 4.1%[21]. - Total liabilities decreased significantly from $1,502.4 million in 2023 to $1,261.4 million in 2024, a reduction of 16.0%[21]. - The company reported a total equity of $678.0 million as of December 31, 2024, up from $344.1 million in 2023, indicating a growth of 96.9%[21]. - Cash and cash equivalents at the end of 2024 were $32.9 million, down from $88.8 million in 2023, a decrease of 63.0%[21]. Future Outlook - The company expects first quarter 2025 Adjusted EBITDA to range between $75 to $85 million, influenced by improved metal pricing and regional premiums[11]. - Century was awarded a $500 million grant by the U.S. Department of Energy to build a new aluminum smelter, indicating significant future growth potential[6]. Other Financial Metrics - The company experienced a net cash used in operating activities of $24.6 million in 2024, a decline from net cash provided of $105.6 million in 2023[23]. - Interest expense for the twelve months ended December 31, 2024, was $36.4 million, slightly up from $33.7 million in the previous year[27]. - Share-based compensation increased to $5.3 million for the three months ended December 31, 2024, compared to $3.2 million in the previous quarter[26]. - Adjusted EBITDA for the three months ended December 31, 2024, was $82.4 million, down from $103.7 million in the previous quarter[26]. - Adjusted net income for the three months ended December 31, 2024, was $45.9 million, down from $60.0 million in the previous quarter[26]. - The impact of Hurricane Beryl at Jamalco resulted in incremental costs, with Century's share amounting to $6.9 million for the twelve months ended December 31, 2024[27].

Core Insights - Century Aluminum Company reported strong financial results for Q4 and FY 2024, with significant improvements in net income and adjusted EBITDA compared to the previous year [4][11][12]. Q4 2024 Highlights - Shipments of primary aluminum totaled 166,677 tonnes, a slight decrease of 1% from Q3 2024 [6][30]. - Net sales increased by 17% sequentially to $631.0 million, driven by higher third-party alumina sales and improved aluminum prices [6][8]. - Net income attributable to Century stockholders was $47.7 million, a $0.4 million improvement from Q3 2024 [7][8]. - Adjusted net income for Q4 was $45.9 million, reflecting a $14.1 million decrease sequentially [7][8]. - Adjusted EBITDA for Q4 was $82.4 million, down $21.3 million from Q3 2024 due to updated U.S. Treasury guidance [8][9]. Full Year 2024 Highlights - Total shipments of primary aluminum for FY 2024 were 677,967 tonnes, a 3% decrease from FY 2023 [10][30]. - Net sales for FY 2024 reached $2.22 billion, an increase of $34.9 million from FY 2023 [10][11]. - Net income attributable to Century stockholders was $339.4 million, a significant improvement of $382.5 million from FY 2023 [11][12]. - Adjusted net income for FY 2024 was $104.0 million, up $73.3 million from the previous year [11][12]. - Adjusted EBITDA for FY 2024 was $245.2 million, an increase of $125.2 million compared to FY 2023, primarily due to higher metal prices [12]. Financial Position - As of December 31, 2024, Century had cash and cash equivalents of $32.9 million and total liquidity of $244.5 million [8][9]. - The company recorded a Section 45X production tax credit of $92.6 million, enhancing its financial position [8][9]. - Century was selected by the U.S. Department of Energy to receive a $500 million grant for building a new aluminum smelter [8][9]. Operational Developments - Century achieved the highest annual production volume at its Sebree, KY facility in the past five years [8]. - The company completed an expansion project at its Iceland billet casthouse, increasing its value-added product offerings [8].

Core Points - Century Aluminum Company (NASDAQ: CENX) is scheduled to report its fourth quarter 2024 earnings on February 20, 2025, after market close [1] - A follow-up conference call will take place on the same day at 5:00 p.m. Eastern time [1] - The earnings call will be available for live webcast on the company's website, with a replay accessible approximately two hours after the live event [2] Company Information - The earnings release will be disseminated through GlobeNewswire [1] - Registration for the live call should begin at least 10 minutes prior to the scheduled start time [2] - Investor contact for inquiries is Ryan Crawford, reachable at investorrelations@centuryaluminum.com or (312) 696-3132 [2] - Media contact is Tawn Earnest, available at (614) 698-6351 [2]

Core Viewpoint - Century Aluminum Company supports President Trump's executive order to impose a 25% tariff on all primary aluminum imports, aiming to protect U.S. jobs and national security [1][2]. Group 1: Tariff Implementation - The executive order implements a 25% tariff on all primary aluminum imports into the U.S. from foreign countries, closing a loophole that allowed nearly 75% of imports to avoid tariffs [2]. - This action is expected to protect American jobs and enhance national security [2]. Group 2: Company Position - Century Aluminum's CEO, Jesse Gary, expressed strong support for the tariff, stating it will help level the playing field for American aluminum workers [2]. - The company emphasizes that the strengthened tariffs will drive the resurgence of domestic aluminum production [3]. Group 3: Company Overview - Century Aluminum is the largest domestic producer of primary aluminum in the United States and operates production facilities in Iceland, the Netherlands, and Jamaica [4].

CHICAGO, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ:CENX) strongly supports President Donald Trump’s decisive action today to strengthen Section 232 tariffs and fight back against unfair trade practices that have for years disadvantaged the U.S. primary aluminum industry. Today’s executive order implements a 25% tariff on all primary aluminum imports into the U.S. from all foreign countries and closes a loophole in the existing tariff that allowed nearly 75% of imports to avoid the t ...

Century Aluminum (CENX) has been beaten down lately with too much selling pressure. While the stock has lost 19.4% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator t ...