Ru
image
USD mln 1H 2020
1H 2019
Change
2019
2018
Change
Revenue 4,948 5,803 (14.7%)
11,752
12,378 (5.1%)
Adj. EBITDA1 756 1,185 (36.2%) 2,127 3,287
(35.3%)
Adj. EBITDA margin 15.3% 20.4% (5.1pp) 18.1% 26.1% (8.5pp)
Net profit2 20 863 (97.7%) 1,304 1,862 (30.0%)
Net profit margin 0.4% 14.9% (14.5pp) 11.1% 15.0% (3.9pp)
  1H 2020 1H 2019     Change
2019 2018 Change
Total aluminium production, kt 1,867 1,867 - 3,757 3,756 -
Total aluminium sales, kt 1,890 1,978 (4.4%) 4,176
3,671 13.8%
Total electricity production, TWh 39.3 36.9 6.5% 77.8 73.2 6.3%
HPPs, TWh 32.0 28.7 11.5% 64.2 58.3 10.1%
CHPs, TWh 7.3 8.2 (11.0%) 13.6 14.9 (8.7%)
Heat production, mln Gcal 14.5 15.1 (4.0%) 27.3 27.9 (2.2%)
  1. Adjusted EBITDA for any period represents the results from operating activities adjusted for amortisation, impairment charges and loss on disposal of property, plant and equipment for the relevant period.
  2. Including the provision in the amount of assessment of potential damage by Rosprirodnadzor recognized by Norilsk Nickel in its financial statements for 6M 2020. Without this one-off item, the Group’s Net profit would have been USD 495 million in 1H 2020.
  3. Excluding Onda HPP.