Century Aluminum Co. (NASDAQ:CENX) Q2 2020 Earnings Conference Call - Final Transcript

Aug 05, 2020 • 05:00 pm ET

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Century Aluminum Co. (NASDAQ:CENX) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
Craig Conti

Q2 adjusted EBITDA of $5 million. As we discussed earlier, this result includes a realized LME of $1,630 per tonne and Midwest premium of $249. Updating the LME and Midwest premiums to spot prices of $1,740 per tonne and $259 per tonne, respectively, resulted in adjusted EBITDA of about $24 million. Again, this is a representative example of the impact of spot prices on an actual period, and is not intended to be used as an outlook for any particular period. Movements in other prices from Q2 levels other than the LME and Midwest premium could also affect the sensitivity shown. In short, recent spot pricing, while still depressed versus historical levels, will benefit our P&L materially in the future due to the lagged nature of the LME and Midwest premium pricing.

This concludes our prepared remarks. Thank you for your time and attention. I'd like to turn the call back over to Brandi to begin the question-and-answer session. Brandi?