• Market share expansion: CMR Green holds a ~45% market share in the domestic automotive space and is expanding into extrusion billets, sheet ingots, and beverage can recycling to service nearly 100% of the recycled aluminium market.
• Supply chain strategy: Addressing domestic scrap shortages, the company sources raw material from over 73 countries to capture global price arbitrage across its network of 13 domestic facilities.
• Cost pass-through mechanism: Automotive contracts operate on a cost-plus pricing model with monthly revisions, enabling immediate pass-through of metal price and currency fluctuations without time lags.
• EBITDA margin profile: The company considers its 9-month EBITDA margin of 5% to 5.2% standard for the aluminium recycling industry, aiming to enhance profitability via value-added billets while prioritizing strong ROCE.