俄铝(00486) - 2023 - 年度财报

Financial Performance - Revenue for 2023 was $12,213 million, a decrease of 12.6$13,974 million in 2022[2]. - Adjusted EBITDA for 2023 was $786 million, with an adjusted EBITDA margin of 6.4$282 million, resulting in a net profit margin of 2.3%, compared to 12.8% in 2022[2]. - Metal sales revenue for 2023 totaled $13.7 billion, with significant contributions from Asia and Russia, while sales in Europe, North America, and South America decreased[38]. - The company's total sales in Europe decreased from$7.52 billion in 2022 to $3.48 billion in 2023, while sales in Asia increased from$4.97 billion to $7.32 billion[38]. - Adjusted net profit for the year was$702 million, down 67.6% from $2,165 million in 2022[158]. - The group recorded a profit of$282 million for the year ended December 31, 2023, down from $1,793 million in 2022, reflecting an 84.3$12,213 million, down 12.6% from $13,974 million in the previous year[142]. - The average realized aluminum price dropped by 18.0$2,976 per ton in 2022 to $2,439 per ton in 2023[142]. - The group recognized a tax credit of$38 million for the year ended December 31, 2023, compared to a tax expense of $373 million in 2022[156]. Production and Capacity - Rusal operates 117 aluminum smelters across three countries, with 94% of its aluminum production in Siberia, Russia[22]. - The Taishet aluminum smelter's first phase, with a capacity of 428,500 tons, began production at the end of 2021[8]. - The company has invested in modernizing production facilities, including the reconstruction of two aluminum smelters in Krasnoyarsk and Bratsk, with government approval obtained[18]. - The company has developed and sold several innovative aluminum products, including high-strength foils for batteries and low-carbon footprint aluminum foils[19]. - The company has diversified its sales regions, delivering aluminum products to major consumption areas including Europe, the CIS, China, and other Asian regions[8]. - The company continues to adapt to changing market conditions by developing new markets and products, demonstrating resilience and adaptability[18]. - The company has a diverse portfolio of mining assets, including 15 mines and mining groups, supporting its alumina production capacity[33]. - The total alumina production for 2022 and 2023 was 5,953 thousand tons and 5,134 thousand tons respectively, representing a decrease of 13.8% due to military control in Ukraine and sanctions affecting supply[113]. - The total bauxite production of Rusal reached 13,376 thousand tons in 2023, an increase of 8.6% compared to 12,320 thousand tons in 2022[122]. Environmental Initiatives - The company aims to reduce greenhouse gas emissions per ton of metal by at least 23% by 2035 and 47% by 2050 compared to 2018 levels[10]. - The company is implementing a sustainable development strategy with 12 priority ESG transformation projects aimed at ensuring sustainable procurement and long-term competitive advantages[16]. - The company is advancing towards a low-carbon economy by adopting inert anode technology, which aims to achieve the lowest carbon footprint in primary aluminum production[16]. - Approximately 80% of the industrial by-products and waste generated by the company's production facilities are recycled or sold to third-party consumers[16]. - The company has reduced its direct greenhouse gas emissions from aluminum production by 53% since 2007[55]. - The company aims to achieve carbon neutrality by 2050, balancing greenhouse gas emissions and absorption, while also restoring disturbed land and assisting in biodiversity conservation[51]. - The company has received high ratings for its sustainability and climate performance, including an A- rating in the CDP climate ranking for the aluminum industry in 2021[49]. - The company is committed to responsible consumption of natural resources and establishing a circular economy to reduce its environmental footprint[52]. - The company has successfully passed audits for the latest version of ASI performance standards and regulatory chain standards at 13 production and office locations as of December 31, 2023[50]. Social Responsibility and Community Engagement - The company is focused on social investment strategies to improve the quality of life and social development in the regions where it operates[17]. - Rusal has invested in social infrastructure development in Siberia, focusing on sports, housing, and support for science, education, and healthcare[20]. - The company raised a total of 1,045,721 rubles for regional charities through various city charity events, including sports festivals and charity runs[65]. - In 2023, 51 volunteer projects were implemented with a total value of 2.7 million rubles, benefiting over 2,000 individuals in need[65]. - The company supported the development of urban infrastructure projects with a total funding of 344.4 million rubles from 2020 to 2023, including design and municipal application preparation[67]. - The company signed 18 social and economic cooperation agreements with municipal and regional authorities, totaling 646.4 million rubles, funding over 90 projects valued at more than 575 million rubles[72]. - The scholarship program expanded to cover 56 higher and vocational education institutions across 21 cities in 11 regions, receiving 700 applications and awarding 177 scholarships in 2023[74]. - The company initiated social investment projects in 2023 as part of its sustainable development strategy, focusing on urban sustainability and community development[62]. Compliance and Governance - The company has implemented a comprehensive compliance control system to manage regulatory compliance and compliance risks, including anti-corruption and conflict of interest policies[57]. - In 2023, the compliance department conducted training sessions focusing on sanctions and anti-corruption risks for all management levels[59]. - The compliance system underwent internal and external audits in 2023, achieving ISO 37301:2021 certification and being rated AAA for anti-corruption measures[60]. - The company updated its human rights policy and adopted an equal opportunity policy on January 9, 2024, and registered its forest climate project with the Russian Federation carbon unit registry[169]. Employee Development and Training - The company has established a comprehensive employee incentive system to enhance productivity and retain skilled workers[184]. - The number of students recruited under the target recruitment plan increased from 139 in 2022 to 372 in 2023, representing a growth of approximately 168%[189]. - A total of 105 apprentices were hired under the "New Generation" apprenticeship program by December 31, 2023, aimed at attracting high-potential young professionals[190]. - The Rusal Leaders talent program expanded from 25 projects in 2022 to 45 projects in 2023, with an expected economic benefit of over 8 billion rubles[194]. - 23,088 employees received career development and vocational training, with 9,576 completing the digital aluminum course[198]. - The company trained 64 students from Guinea in various Russian higher education institutions in 2022, with an additional 50 students starting medical studies in 2023[193].