National Atomic Co Kazatomprom JSC (CHIX:KAPl)
$ 43.35 -0.45 (-1.03%) Market Cap: 11.24 Bil Enterprise Value: 12.64 Bil PE Ratio: 10.24 PB Ratio: 2.87 GF Score: 87/100
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Q4 2024 NAK Kazatomprom AO Earnings Call Transcript

Mar 19, 2025 / 11:00 AM GMT
Release Date Price: $37.28 (-0.07%)

Key Points

Positve
  • National Atomic Co Kazatomprom JSC (NATKY) reported a 26% increase in revenue for 2024, exceeding 1.8 trillion tinge, driven by strong growth in uranium prices.
  • The company's average realized price for uranium in 2024 was $69.48 per pound, a 26% increase from 2023, reflecting a positive trend in uranium spot prices.
  • Kazakhstan, home to 40% of the world's uranium production, plans to build three nuclear power plants, which will create significant domestic demand for uranium.
  • The company successfully added Switzerland as a new geography to its customer base and made its first-ever delivery to a customer in the United Arab Emirates in 2024.
  • Kazatomprom's dividend policy remains strong, with a commitment to pay 75% of free cash flow as dividends, maintaining a high total shareholder return since IPO.
Negative
  • Kazatomprom faces challenges related to the availability of sulfuric acid and construction delays at newly developed deposits, impacting production guidance for 2025.
  • The company's capital expenditures increased by 58% compared to the previous period, primarily due to investments in new facilities and infrastructure.
  • Inflationary pressures and supply chain challenges are affecting the company's cost structure, with C1 and all-in sustaining cash costs showing significant year-on-year increases.
  • The company's 2025 revenue guidance is more conservative compared to 2024, reflecting current market conditions and potential volatility in uranium spot prices.
  • Kazatomprom's inventory levels are below historical targets, which may impact the company's ability to meet long-term production and sales commitments.


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

KZAP.KZ - NAK Kazatomprom AO
Q4 2024 NAK Kazatomprom AO Earnings Call
Mar 19, 2025 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good day, ladies and gentlemen, and welcome to Kazatamrom's 2024 full year results conference call. My name is Botagos Muldealliva, and I'm the director of investor relations at Kazatam Prom.

Thank you for taking the time to join us today, participating in today.

We have Mirja Yusupov, Chief Executive Officer, Marat Tibayev, first deputy and Chief Financial Officer, Vladislav Bayguzinn, Chief Commercial Officer, and Dastan Koshurbayev, chief strategy and International Development Officer.

Please note that all the materials, including 2024 financial statements accompanied with the operating and financial review, are now available on our website.

The call is open to all stakeholders with a question and
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