Century Aluminum(CENX) - 2022 Q1 - Earnings Call Presentation

Financial Performance - The company reported a quarterly adjusted EBITDA of $105.5 million[4] - Net sales increased by 14% sequentially[4] - Total liquidity increased by $54 million[4] Market Fundamentals - LME price was approximately $3,100/MT[4] - U.S Midwest Premium was approximately $870/MT[4] - European Duty Paid Premium was approximately $610/MT[4] - The global aluminum market faces an approximate 1.0 million tonnes supply deficit[4] Operational Updates - Restart projects at Hawesville and Mt Holly are substantially complete, reaching 80% and 75% of capacity respectively[4] - Total shipments increased by 5% sequentially, despite power curtailments in Iceland[4] Hedging - Nord Pool prices are approximately 60% hedged for the balance of 2022 and approximately 80% hedged for FY23 at significantly lower prices[4] Outlook - Q2 Outlook @ Estimated Lagged Prices is $120-130 million[25]