2021 Annual Report
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Urenco is committed to maintaining our position as a trusted global industry leader; contributing to a sustainable net zero carbon future; operating safely, and forming partnerships to deliver measurable positive impacts.”
Boris SchuchtChief Executive Officer
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We also focussed on developing positive relationships with a wide variety of stakeholders to enable us to play our role in making a contribution to individual countries’ net zero goals.”
Stephen BillinghamCBE Chairman of the Board
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What we do
Urenco is an international supplier of enrichment services and fuel cycle products for the civil nuclear industry. Operating in a pivotal area of the nuclear fuel supply chain for more than 50 years, we facilitate zero carbon electricity generation for consumers around the world.
Diversity of supply
We are the only company in the world to operate enrichment facilities in four countries.
Customer focus
We supply uranium enrichment services and fuel cycle products to more than 50 customers in 20 countries.
50 years
We have a proud, 50 year history as a leading nuclear services technology company.
Financial Highlights
Revenue
€1,669m
(2020: €1,700m)
Cash generated from operations
€1,027m
(2020: €1,171m)
EBITDA
€971m
(2020: €1,088m)
Capital expenditure
€130m
(2020: €141m)
Net income/Loss
€364m
post exceptionals
€364m
pre exceptionals
(2020: €505m, €531m)
Net debt
€11m
(2020: €456m)
Financial Highlights
Revenue
€1,669m
(2020: €1,700m)
Cash generated from operations
€1,027m
(2020: €1,171m)
EBITDA
€971m
(2020: €1,088m)
Capital expenditure
€130m
(2020: €141m)
Net income/Loss
€364m
post exceptionals
€364m
pre exceptionals
(2020: €505m, €531m)
Net debt
€11m
(2020: €456m)
A resilient performance despite ongoing challenges from COVID-19.”
Ralf ter HaarChief Financial Officer
2021 Business and sustainability highlights
Our enrichment sites are located in Gronau, Germany (Urenco Deutschland); Almelo, the Netherlands (Urenco Nederland); Capenhurst, the UK (Urenco UK); and Eunice, USA (UUSA). Our Head Office is located close to London in the UK. We have a marketing office in Arlington, USA, and a representation office in Beijing, China.
Climate change
Carbon emissions have decreased by 9% compared to 2020*.
*This reduction equates to our Scope 1&2 carbon emissions
Water usage
Water withdrawal decreased by 12%.
Education programme
We reached more than 57,000 students through our education programme.
Strong safety performance
Total Recordable Injury Rate of 0.27, resulting in six total recordable injuries
Global enrichment capacity of 18,100 tSW/a
100%
Customer deliveries met
Enriched enough uranium to generate an estimated 780,000 GWh of electricity from nuclear power,
avoiding approx. 320 million tonnes of carbon emissions
Approx. 2 million patient treatments performed using medical radioisotopes
from Urenco enriched stable isotopes products
14
Social investment partnerships
Our Strategy
Our strategy sets out what we need to achieve in the long term. It is driven by our purpose, vision, mission and values and makes a valuable contribution to Sustainable Development Goal seven, adopted by the United Nations, in our drive to facilitate low carbon energy generation and meet global net zero goals.
Our long term strategic aim is to transform the organisation into a more flexible operation by 2030, while adding a refurbishment and decommissioning capability and targeting organic growth in new business activities. Each year we define specific initiative and deep dives to help us achieve our overall goals. In 2022, we have prioritised four focus areas under our strategy:
