ALFED Monthly Board report - Oct 2023 by Aluminium Federation

Monthly Report October 2023

Contents 3. Accounts 6. Member Updates/News 7. ALFED Reports 9. Events and Training 10. Social Media 12. External Communications

Accounts Date: 02/11/2023 Time: 09:06:19

(ALFED) Aluminium Federa2on Ltd Aged Debtors Analysis (Summary)

Report Date: Include future transactions: Exclude later payments:

02/11/2023 No No

Customer From: Customer To:

ZZZZZZZZ

** NOTE: All report values are shown in Base Currency, unless otherwise indicated ** A/C

Name

Credit Limit

Turnover

Balance

Future

Current

Period 1

Period 2

Period 3

Older

ARZ02 CARB01 EUR07 FAB01 ISTAN01 PRI02 SMART01 UNI04

Arzyz Uk Ltd Carbonchain.IO Ltd European Metal Recycling Fabal Uk Ltd Istanbul Mineral and Metal Primetals Technologies Ltd Smart Systems Ltd - Smart Universal Collaboration

£ £ £ £ £ £ £ £

3,569.64 132.35 7,444.64 1,372.94 727.75 2,925.88 892.41 1,372.94

4,283.57 158.82 -237.60 1,647.53 760.00 216.00 1,070.89 1,647.53

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 158.82 0.00 0.00 0.00 216.00 1,070.89 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 760.00 0.00 0.00 0.00

4,283.57 0.00 -237.60 1,647.53 0.00 0.00 0.00 1,647.53

18,438.55

9,546.74

0.00

1,445.71

0.00

760.00

7,341.03

Totals:

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Aluminium Federation Ltd Management Accounts Profit & Loss to 30 September 2023 Budget to 30 Sept 23

Actual to 30 Sept 23

Variance

Projections to 31-Dec-23

123,000 (138,000) (15,000)

33,000 (48,000) (15,000)

49,147 (90,525) (41,378)

16,147 (42,525) (26,378)

167,552 (198,959) (31,407)

44,552 (60,959) (16,407)

House of Lords Lunch income House of Lords Lunch expenses

5,000 (7,000) (2,000)

2,757 (4,933) (2,176)

(2,243) 2,067 (176)

2,757 (4,933) (2,176)

(2,243) 2,067 (176)

Technical course income Technical course expenses

16,000 (2,000) 14,000

12,000 (1,500) 10,500

8,186 (966) 7,220

(3,814) 534 (3,280)

11,566 (966) 10,600

(4,434) 1,034 (3,400)

Management course income Management course expenses

10,000 (7,500) 2,500

7,500 (5,625) 1,875

(1,196) (1,196)

(7,500) 4,429 (3,071)

(1,196) (1,196)

(10,000) 6,304 (3,696)

15,883 (9,546) 6,337

Magazine Income Magazine expenses

9,500 (11,000) (1,500)

7,125 (8,250) (1,125)

2,458 (16,283) (13,825)

(4,667) (8,033) (12,700)

6,053 (16,283) (10,230)

(3,447) (5,283) (8,730)

ASA education fund income ASA education fund expenses

18,000 (18,000) -

13,500 (13,500) -

6,000 (10,445) (4,445)

(7,500) 3,055 (4,445)

18,000 (10,445) 7,555

7,555 7,555

500 (155) 345

375 (116) 259

100 (13) 87

(275) 103 (172)

100 (43) 57

(400) 112 (288)

(1,655)

(5,491)

(49,376)

(43,885)

(20,460)

(18,805)

409,256 40,409 27,190 25,000 12,356 3,145 5,000 1,500

306,942 30,307 20,393 18,750 9,267 2,359 3,750 1,125

306,781 34,338 20,393 19,725 8,649 1,943 720 1,719

(161) 4,031 1 975 (618) (416) (3,030) 594

409,043 46,471 27,190 30,000 11,533 2,590 1,000 2,300

(213) 6,062 5,000 (823) (555) (4,000) 800

523,856

392,892

394,268

1,376

530,126

6,270

311,703 27,000 48,400 3,145 17,500 3,000 16,950 42,142 15,000 4,000 1,200 700 10,000 840 6,000 -

233,777 20,250 36,300 2,359 13,125 2,250 12,713 31,607 11,250 3,000 900 525 7,500 630 4,500 -

223,226 25,393 40,518 1,943 6,263 14,245 41,043 17,737 7,000 5,460 4,800 429 299 6,865 630 1,671 1,882

(10,551) 5,143 4,218 (416) (6,862) (2,250) 1,533 9,437 6,487 7,000 5,460 1,800 (471) (226) (635) (2,829) 1,882

296,973 35,000 53,051 2,590 11,670 3,000 18,900 59,507 19,000 7,000 8,460 6,700 1,200 700 11,808 630 2,150 1,882

(14,730) 8,000 4,651 (555) (5,830) 1,950 17,365 4,000 7,000 8,460 2,700 1,808 (210) (3,850) 1,882

507,580

380,685

399,404

18,719

540,221

32,641

surplus/(deficit)

14,621

6,716

(54,512)

(61,228)

(30,555)

(45,176)

Exceptional Items RBS pension costs

5,640

4,230

5,640

surplus/(deficit)

8,981

2,486

(58,742)

(61,228)

(36,195)

(45,176)

Trading Events Income Events Expenses

Erasmus grant income Erasmus expenses

Book sales Movement

Income Subscriptions / Membership Sector group income Secretarial New membership CCL Admin Fee (Energy cluster) CCL EA fees recharged Sundry income/consultancy Bank int on deposits

Expenditure Staff costs Travel & meeting attendence Office Overheads Climate change Lobbying, promotional & education Other events Storage, subscriptions & insurance Professional & accountancy fees Exhibitions CRU Report Strategic planning consultancy Miscellaneous Bank charges Exchange gains/losses Bad debts Dilapidations Depreciation Loss on disposal of assets

Budget 2022

Variance

Notes See additional breakdown

income received in year

Hydro, Speira, Scanstrut, Shortcut Services New members & increases on budget

Staff changes. Includes Prova consultancy costs Travel costs higher than budget Includes new office & moving costs Board and sector meeting costs below budget to date Presidents dinner storage unit IP Action & legal advice Event admin & UK Expo costs to date Clare Saunders costs TAF awards, gifts & flowers ML, debt collection

Projection includes; To date plus Arzyz & Universal Collaboration

Assets in old office sold

Aluminium Federation Ltd Management Accounts Profit & Loss to 30 September 2023

Events Analysis Annual Budget Annual Dinner income Annual Dinner Expenses

Social Events income Social Events Expenses

Sector Group Forum income Sector Group Forum Expenses

Sustainability Event income Sustainability Event Expenses

Cyber Forum income Cyber Forum Expenses

Total Events Income Total Events Expenses

Budget to 30 Sept 23

Actual to 30 Sept 23

Projections to 31 Dec 23

Variance

90,000 (90,000) -

118,405 (108,434) 9,971

28,405 (18,434) 9,971

33,000 (33,000) -

18,226 (34,448) (16,222)

(14,774) (1,448) (16,222)

13,989 (18,656) (4,667)

(15,000) (15,000)

12,432 (35,007) (22,575)

12,432 (20,007) (7,575)

4,500 (2,414) 2,086

123,000 (138,000) (15,000)

33,000 (48,000) (15,000)

49,147 (90,525) (41,378)

167,552 (198,959) (31,407)

44,552 (60,959) (16,407)

Notes estimates estimates

Sponsorship & tickets £4,500 is learning programme

Member Updates/News All member updates including press releases submitted by members and news are shared regularly via the ALFED website and in the weekly ‘Member Update’ email that is sent to all members. Updates and news shared throughout October include: -

Heraeus Short Wave Infra-Red Speeds Up Tool Heating at Mettis Aerospace What drives health and safety is connection: Article submitted by Implexis Consulting Hydro Wrexham wins Performance Award at the company’s global leadership conference Kloeckner earns global ISO 22301 certification for Business Continuity Management Avon Metals celebrates 50th anniversary

ALFED Trade Committee formation As discussed at the recent Board meeting, ALFED will be forming a Trade Committee. We will be inviting members to express an interest in joining the inaugural meeting, which will be planned for January 2024. Please contact the team if you would like to register your interest in joining: alfed@alfed.org.uk

ALFED Reports: Impact of global conflicts ALFED, the aluminium federation, launched a new report examining the impact of the Russia/Ukraine war on the UK aluminium industry. Developed in partnership with CRU International Ltd, the document explores the short, medium and long-term consequences of government import sanctions, as well as suggesting alternative future options to maintain primary aluminium supply. With the objective of protecting the UK’s thriving aluminium supply chain, supporting domestic production and minimising the effects of geopolitical issues, the report considers how removing Russian material from imports will directly impact UK businesses, as well as how changing market dynamics will likely hit future export demand. The opportunities to increase uptake of recycled content and reduce the industry’s carbon footprint are also covered in detail, alongside the wider supply chain issues presented by a weakening global forecast. Tom Jones, chief executive officer of ALFED, commented: “Politically, and morally, pressure is increasing to ensure that all materials used within the UK have a clear path of origin and do not – in any way – support the Russian state. While Russian-sourced aluminium was only ever responsible for a small fraction of the import market, it is still important to consider the longer-term picture to ensure minimal disruption to the supply chain. “Our latest report investigates the widespread impact of global conflict, identifying both challenges and opportunities, but also raising a number of highly pertinent questions. Firstly, what does a viable future solution for material sourcing look like? Secondly, what support should the UK government offer to support the wider agenda? And, finally, what are the immediate priorities that we – as an industry – must be tackling to maintain global competitiveness? “It’s fair to suggest that this report is a hugely important resource for any business involved in the UK aluminium supply chain and I’d implore industry professionals to take the time to read it in further detail.” “Impacts to UK aluminium industry following Russia/Ukraine war” is available for members to download.

ALFED Reports: Impact of international conflict on the UK extrusions market ALFED, the aluminium federation, has launched the second report in a series of research papers analysing the impact of international conflict on the UK aluminium industry. Developed in partnership with CRU International Ltd, the document specifically explores aluminium extrusions and the changing face of the import market. With the objective of protecting the UK’s thriving aluminium supply chain, supporting domestic production and minimising the effects of geopolitical issues, the report provides extensive analysis into themes including post-COVID market recovery, the reasoning behind weakening industrial activity and the continued implications of the Russia/Ukraine war. Alongside analysing changing market trends, the document breaks down the past four years of extrusion import volume data by month, as well as detailing the rapid rise of imports from ‘Group A’ countries Vs. material from China. Tom Jones, chief executive officer of ALFED, commented: “Following the initial shock of COVID-19 on aluminium extrusion imports, the market is indeed recovering but is still yet to return to pre-2020 levels. During this time, the origins of material destined for UK shores have changed significantly. “Previously, China was the number one exporter to the UK market but, in recent times, volumes from other countries have risen fast. This trend has been further accelerated by the impacts of global conflict, with territories including Spain, Malaysia, Poland, Greece, India and Romania now comprising the lion’s share. “Our latest report investigates the changing face of the import market, analysing trends, challenges and opportunities. It’s fair to suggest that this report is a hugely important resource for any business involved in the UK aluminium supply chain and I’d implore industry professionals to take the time to read it in further detail.” “Impacts to UK aluminium extrusion imports following Russia/Ukraine war” is available for members to download via the ALFED website.

Events and Training The ALFED Aluminium Light training course was held with six delegates in attendance at Bragborough Hall on 17th October, 2023. November will see the World of Aluminium training course welcome up to 10 more members, as well as a trip for 28 members to visit the LME trading ring. All final Sector Group meetings for 2023 will also be held in November.

Annual Dinner Charity At this year's ALFED Annual Business Briefing and Dinner, we will be raising money for Children with Cancer UK. This incredible and important charity will be the key theme of the post-dinner entertainment casino, sponsored by ALFED members, Thermserve. Members will be encouraged to donate and the cause will be advertised to all at the dinner and in the lead-up to the event. Any donations are welcome, as every penny counts in the bid to help save children from cancer.

Social Media Social media has become an integral part of modern-day communication, entertainment, and business. At the Aluminium Federation (ALFED), we use social media as an important way of engaging with our members through not only informing them of the benefits, training and networking opportunities they have access to as part of their membership, but also to give them a platform to shout about the projects and events they are getting involved in. Giving them a unique voice to share their hard work and dedication to creating a positive impact in the UK aluminium industry and the sectors move towards net zero. The social media platforms we are active on are: - LinkedIn - Twitter - Instagram

Statistics Increase in Followers across all platforms to 11,490

LinkedIn Visitor Highlights: Page Views: 811 (+23.1%) Unique Visitors: 257 (-7.9%) Custom Button Clicks: 22 (+10%) Follower Highlights: Total Followers: 7,045 New followers in the last 30 days: 151(-7.9%) Post Highlights:

Reactions: 583 (-25.4%) Comments: 29 (+11.5%)

Twitter Tweet impressions: 4,090 (+31.4%) Total followers: 4,323 New followers: +13

Instagram September 2023 Total Posts: 55 Total Followers: 111 Total People we are Following: 84 October 2023 Total Posts: 69 (+14) Total Followers: 122 (+11) Total People we are Following: 96 (+12)

External Communications Campaign outputs and results • • • • • •

2 news stories drafted 352K+ audience circulation 12 press cuttings 3 feature pieces placed 4:1 ROI £12K PR equivalent value

October press coverage Date

Publication

04.10.23

Al Circle

04.10.23 05.10.23

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Aluminium International

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Construction Update

06.10.23

Engineering Update

06.10.23

Sustainable Packaging News

10.10.23

ALFED Parliamentary Breakfast Briefing focuses on future

Aluminium International

06.10.23

09.10.23

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Production Engineering Solutions

18.10.23

Canmaking News

18.10.23

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New report looks at impact of conflict on UK aluminium industry ALFED report examines impact of global conflict on UK aluminium industry ALFED report investigates impact of global conflict on UK aluminium industry