Unique world class asset base contributing to global cost leadership

USD mln 1H 2019 1H 2018 Change 2018 2017 Change

Revenue

5,803 6,136 -5.4% 12,378 12,094 2.3%

Adj. EBITDA1

1,185 1,692 -30.0% 3,287 3,223 2.0%

Adj. EBITDA margin

20% 28% -8pp 27% 27% -

Net profit2

863 1,037 -16.8% 1,862 1,403 32.7%

Net profit margin

15% 17% -2pp 15% 12% 3pp
  1H 2019 1H 2018 Change 2018 2017 Change
Total aluminium production, kt 1,867 1,870 -0.2% 3,753 3,707 1.2%
Total aluminium sales, kt 1,978 1,748 13.2% 3,671 3,955 -7.2%
Total electricity production3, TWh 36.9 35.0 5.4% 73.2 68.4 7.0%
HPPs, TWh 28.7 26.3 9.1% 58.3 54.9 6.2%
CHPs, TWh 8.2 8.7 -5.7% 14.9 13.6 9.6%
Heat production, mn Gcal 15.1 15.7 -3.8% 27.9 26.7 4.5%
1 Adjusted EBITDA for any period represents the results from operating activities adjusted for amortisation and depreciation, impairment charges and loss on disposal of property, plant and equipment for the relevant period
2 The financial indicators were adjusted to reflect the updated of the results, released on August 23 2019
3 Excluding Ondskaya HPP