REC Silicon - Fourth quarter 2021 results
REC Silicon - Fourth quarter 2021 results
New York, USA - February 18, 2022: REC Silicon ASA (REC Silicon) reported fourth
quarter 2021 revenues of USD 43.2 million compared to USD 36.2 million in the
third quarter of 2021. The Company also reported an EBITDA loss of USD 0.4M
compared to a loss USD 3.7 million in the prior quarter.
The Company reported EBITDA contributed by the semiconductor materials segment
of USD 9.3 million for the fourth quarter compared to USD 1.8 million in the
third quarter. Third quarter results included the impact of delayed restart
following a planned maintenance outage to mitigate the effects of high
electricity prices. The increase in EBITDA contribution is primarily the result
of higher production volumes of intermediate products and lower electricity
prices during the quarter.
Silicon gas sales volumes for the fourth quarter were 750 MT compared to 728 MT
during the prior quarter. Total polysilicon sales volumes for the quarter were
481 MT and polysilicon inventories decreased by 168 MT.
REC Silicon reported cash balances of USD 110.5 million on December 31, 2021
compared to USD 126.3 million on September 30, 2021.
"Fourth quarter events clearly demonstrate that REC Silicon's strategic plan is
coming together. REC Silicon financial position has been substantially improved
due to Hanwha Solutions' investment. REC Silicon's low cost, high quality
granular solar grade polysilicon will become a key component in ensuring the
success of a PV supply chain in the United States. At the same time,
opportunities in silicon anode battery materials are beginning to materialize.
These events are expected to result in a firm plan to restart operations in
Moses Lake, Washington, " said James A. May II, CEO.
For more information, please see the attached fourth quarter 2021 report and
presentation.
The company will host conference call to present the results at 8:00am CET.
Following the presentation, it will be opened for questions from the audience.
The presentation will be in English. To join the videoconference, use the
following link.
https://channel.royalcast.com/landingpage/hegnarmedia/20220218_9/
Audiocast participants need to register to post questions.
For further information, please contact:
Douglas J. Moore, Chief Financial Officer
Phone: +1 509 989 0749
Email: douglas.moore@recsilicon.com
Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@crux.no
About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity polysilicon and silicon gas to the solar and electronics industries
worldwide. We combine over 30 years of experience and proprietary technology
with the needs of our customers, with annual production capacity of more than
20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on
the Oslo Stock Exchange (ticker: RECSI), the Company is headquartered in
Lysaker, Norway.
For more information, go to: www.recsilicon.com
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Audiocast participants need to register to post questions
https://newsweb.oslobors.no/message/554241
New York, USA - February 18, 2022: REC Silicon ASA (REC Silicon) reported fourth
quarter 2021 revenues of USD 43.2 million compared to USD 36.2 million in the
third quarter of 2021. The Company also reported an EBITDA loss of USD 0.4M
compared to a loss USD 3.7 million in the prior quarter.
The Company reported EBITDA contributed by the semiconductor materials segment
of USD 9.3 million for the fourth quarter compared to USD 1.8 million in the
third quarter. Third quarter results included the impact of delayed restart
following a planned maintenance outage to mitigate the effects of high
electricity prices. The increase in EBITDA contribution is primarily the result
of higher production volumes of intermediate products and lower electricity
prices during the quarter.
Silicon gas sales volumes for the fourth quarter were 750 MT compared to 728 MT
during the prior quarter. Total polysilicon sales volumes for the quarter were
481 MT and polysilicon inventories decreased by 168 MT.
REC Silicon reported cash balances of USD 110.5 million on December 31, 2021
compared to USD 126.3 million on September 30, 2021.
"Fourth quarter events clearly demonstrate that REC Silicon's strategic plan is
coming together. REC Silicon financial position has been substantially improved
due to Hanwha Solutions' investment. REC Silicon's low cost, high quality
granular solar grade polysilicon will become a key component in ensuring the
success of a PV supply chain in the United States. At the same time,
opportunities in silicon anode battery materials are beginning to materialize.
These events are expected to result in a firm plan to restart operations in
Moses Lake, Washington, " said James A. May II, CEO.
For more information, please see the attached fourth quarter 2021 report and
presentation.
The company will host conference call to present the results at 8:00am CET.
Following the presentation, it will be opened for questions from the audience.
The presentation will be in English. To join the videoconference, use the
following link.
https://channel.royalcast.com/landingpage/hegnarmedia/20220218_9/
Audiocast participants need to register to post questions.
For further information, please contact:
Douglas J. Moore, Chief Financial Officer
Phone: +1 509 989 0749
Email: douglas.moore@recsilicon.com
Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@crux.no
About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity polysilicon and silicon gas to the solar and electronics industries
worldwide. We combine over 30 years of experience and proprietary technology
with the needs of our customers, with annual production capacity of more than
20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on
the Oslo Stock Exchange (ticker: RECSI), the Company is headquartered in
Lysaker, Norway.
For more information, go to: www.recsilicon.com
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Audiocast participants need to register to post questions
https://newsweb.oslobors.no/message/554241
Redigert 18.02.2022 kl 07:32
Du må logge inn for å svare
Nå må vel snart markedet våkne og se hva som skjer. Her får de det servert på et sølvfat.
Jeg synes at det er utrolig spennende å høre at det begynner å materialisere seg med batteri-segmentet allerede!
"At the same time,
opportunities in silicon anode battery materials are beginning to materialize."
Kanskje det kommer noe her tidligere enn 2025 likevel?
Godt å se økte marginer og mer eller mindre et balansert budsjett.
Blir bra på sikt med reforhandlede kontrakter for butte, og oppstart av ML dette 😉
All-in-all:
Flinke folk som har kommet seg helskinnet igjennom stormen!
"At the same time,
opportunities in silicon anode battery materials are beginning to materialize."
Kanskje det kommer noe her tidligere enn 2025 likevel?
Godt å se økte marginer og mer eller mindre et balansert budsjett.
Blir bra på sikt med reforhandlede kontrakter for butte, og oppstart av ML dette 😉
All-in-all:
Flinke folk som har kommet seg helskinnet igjennom stormen!
garve
18.02.2022 kl 07:11
13606
Virker ikke som tidsplan og kontrakter er 100 % i havn ennå, men nå er det vel ingen som kan være i tvil om at det blir ML-oppstart i overskuelig fremtid?
Må nok regne med trading i tiden før lunta antennes på raketten 🤣
Nsxnsx
18.02.2022 kl 07:07
13772
trendfriend skrev Ser bra ut det som er lagt frem her.
Var redd det skulle bli vagt....så dette overasket på den positive siden for min del. Er rolig nå 😉👍
Den reduserte cash balance fra september til desember, kan det være grunnet investeringer i Butte? Eller var det ferdigstilt tidligere?
Dette vil jeg si var en foroverlent fremlegging.
Recsi som en nøkkelkomponent i det grønne skiftet i USA samt en fast plan for oppstart av ML. Tydeligere kunne det ikke blitt. Eneste som mangler er offisielle børsmeldinger for gjenåpning ML samt kontrakter.
Recsi som en nøkkelkomponent i det grønne skiftet i USA samt en fast plan for oppstart av ML. Tydeligere kunne det ikke blitt. Eneste som mangler er offisielle børsmeldinger for gjenåpning ML samt kontrakter.
Redigert 18.02.2022 kl 07:08
Du må logge inn for å svare
Sa2ri
18.02.2022 kl 07:05
13989
Cash balance var 110,5 MUSD ved årsskiftet. I tillegg til dette kommer HS sin "lille mrd" som er betalt inn i løpet av første halvdel av Q122
Sa2ri
18.02.2022 kl 07:03
14088
Verdt å merke seg dette:
"Fourth quarter events clearly demonstrate that REC Silicon's strategic plan is coming together. REC Silicon financial position has been substantially improved due to Hanwha Solutions' investment. REC Silicon's low cost, high quality granular solar grade polysilicon will become a key component in ensuring the success of a PV supply chain in the United States. At the same time, opportunities in silicon anode battery materials are beginning to materialize. These events are expected to result in a firm plan to restart operations in Moses Lake, Washington, " said James A. May II, CEO."
Så får vi håpe de kommer med noe mer konkret på presentasjonen om dette, og annet.
"Fourth quarter events clearly demonstrate that REC Silicon's strategic plan is coming together. REC Silicon financial position has been substantially improved due to Hanwha Solutions' investment. REC Silicon's low cost, high quality granular solar grade polysilicon will become a key component in ensuring the success of a PV supply chain in the United States. At the same time, opportunities in silicon anode battery materials are beginning to materialize. These events are expected to result in a firm plan to restart operations in Moses Lake, Washington, " said James A. May II, CEO."
Så får vi håpe de kommer med noe mer konkret på presentasjonen om dette, og annet.
Bob Macahan
18.02.2022 kl 07:02
14119
”These events are expected to result in a firm plan to restart operations in Moses Lake, Washington, “ said James A. May II, CEO.”