Q4 2024 Century Aluminum Co Earnings Call Transcript

Feb 20, 2025 / 10:00 PM GMT

Release Date Price: $20.04 (-3.84%)

Transcript 10-K8-K

Key Points

Positve

Century Aluminum Co (CENX) reported strong financial performance in 2024, with an adjusted EBITDA of $245 million for the year and $82 million for the fourth quarter.
The company benefited from strong realized aluminum prices and low energy costs, contributing to increased profitability.
Century Aluminum Co (CENX) successfully reached a financial settlement with a major alumina supplier, offsetting additional costs due to a force majeure.
The Jamalco acquisition and LME-linked commercial contracts have been advantageous during periods of alumina price volatility.
The company is making progress on its new smelter project in the US, which will double the size of the existing US industry and create significant job opportunities.

Negative

Century Aluminum Co (CENX) faced operational instability at the Mount Holly plant, leading to increased operating costs and slightly lower production.
The company experienced a force majeure from one of its major alumina suppliers, requiring procurement of spot API alumina at higher costs.
Higher operating expenses are anticipated due to pot relining costs and restructuring costs associated with workforce changes at Jamalco.
Seasonal increases in power prices are expected to negatively impact Q1 2025 earnings.
The financial settlement benefit realized in Q4 will not offset the higher alumina costs until Q1, creating a temporary financial headwind.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CENX.OQ - Century Aluminum Co
Q4 2024 Century Aluminum Co Earnings Call
Feb 20, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon.

Thank you for attending today's Century Aluminum Company 4th quarter 2024 Ernie's conference call. My name is Jaylen. I'll be a moderator for today. All lines will be muted in the presentation portion of the call. What's an opportunity for questions and answers at the end, and I'd like to turn the conference over to our host, Ryan Crawford. Brian, you may proceed.

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Unidentified_2 [2]
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Thank you, operator. Good afternoon, everyone, and welcome to the conference call. I'm joined here today by Jessie Gary, Century's President and

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