Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q4 2022 Earnings Presentation
16 slides from Amg Critical Materials's earnings presentation, Feb 22, 2023
Slide 1: Accelerating the Energy Transition
ACCELERATING THE ENERGY TRANSITION Investor Presentation | Fourth Quarter 2022 AMG Lithium Bitterfeld, Germany AMG ADVANCED METALLURGICAL GROUP N.V. 1
Slide 2: Cautionary Note
CAUTIONARY NOTE This document contains proprietary information and is being provided solely for information purposes by AMG Advanced Metallurgical Group N.V. (The “Company”) and may not be reproduced in any form or further distributed to any other person or published, in whole or in part, for any pu
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS REVENUE (IN MILLIONS OF US DOLLARS) NET INCOME ATTRIBUTABLE TO SHAREHOLDERS (IN MILLIONS OF US DOLLARS) $424.1 $424.8 $403.9 $68.1 $390.0 $60.7 $330.4 18% $29.6 $55M $29.1 YoY YoY $5.7 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 EBITDA (IN MILLIONS OF U
Slide 4: AMG Clean Energy Materials Financial Highlights
AMG CLEAN ENERGY MATERIALS FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT EXCLUDING EXCEPTIONAL ITEMS (IN MILLIONS OF US DOLLARS) $188.3 $176.1 $87.7 $159.8 $82.8 $143.7 $83.7 $80.3 $115.4 $61.7 $58.2 EBITDA Gross increased profit $37.2 $41.3 increased $25.8 $55 milli
Slide 5: AMG Critical Minerals Financial Highlights
AMG CRITICAL MINERALS FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT EXCLUDING EXCEPTIONAL ITEMS (IN MILLIONS OF US DOLLARS) $106.9 $103.4 $18.6 $84.9 $79.4 $69.2 $14.0 EBITDA $13.0 26.9% Gross $12.2 more than $11.4 profit $14.0 doubled increased $6.5 $7.9 $9.1 $7.3 v
Slide 6: AMG Critical Materials Technologies Financial Highlights
AMG CRITICAL MATERIALS TECHNOLOGIES FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT EXCLUDING EXCEPTIONAL ITEMS (IN MILLIONS OF US DOLLARS) $160.9 $27.4 $153.3 $25.0 $151.6 $22.4 $23.3 $20.7 $144.7 Revenue Gross increased profit decreased $135.5 $13.8 7% vs. due to chr
Slide 7: Key Corporate Income Statement Items
KEY CORPORATE INCOME STATEMENT ITEMS SG&A EXPENSES (IN MILLIONS OF US DOLLARS) NET FINANCE COSTS (INCOME) (IN MILLIONS OF US DOLLARS) $39.5 $37.5 $37.0 $36.9 $36.6 $14.0 $11.7 $12.6 $12.2 $10.8 $11.1 $11.6 $11.9 $8.9 Variance $8.7 $7.4 SG&A $7.0 $6.8 $7.0 driven by FX decreased gains of $10 7% vs. m
Slide 8: Cash Flow and Working Capital
CASH FLOW AND WORKING CAPITAL OPERATING CASH FLOW (IN MILLIONS OF US DOLLARS) NET DEBT (IN MILLIONS OF US DOLLARS) $74.7 $364.8 $368.4 $346.8 $329.9 $57.0 $284.5 Increase vs. YE 2021 $39.5 $30.2 mainly due to 89% the significant investment in YoY growth initiatives ($3.7) Q4 '21 Q1 '22 Q2 '22 Q3 '22
Slide 9: Appendix
APPENDIX AMG Engineering Hanau, Germany 9
Slide 10: Leader in Advanced Technologies to Address CO2 Reduction
LEADER IN ADVANCED TECHNOLOGIES TO ADDRESS CO2 REDUCTION CO2 REDUCTION AMG’S ENABLED CO2 EMISSION REDUCTIONS A GLOBAL IMPERATIVE (Million MT) FOR THE 21ST CENTURY 2022 99.4 AMG: ENABLING TECHNOLOGIES 2021 79.0 Products and processes saving CO2 emissions during use (e.g., 2020 56.6 * light-weighting
Slide 11: Quarterly Revenue Drivers
QUARTERLY REVENUE DRIVERS CLEAN ENERGY MATERIALS SEGMENT RESULTS KEY DRIVERS Q4 2022 Q4 2021 Price Volume Vanadium Revenue $176.1 $115.4 Spodumene Gross Profit * $82.8 $29.0 Tantalum CRITICAL MINERALS SEGMENT RESULTS KEY DRIVERS Q4 2022 Q4 2021 Price Volume Revenue Graphite $69.2 $79.4 Silicon Gross
Slide 12: Critical Materials — Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q4 Q4 FEB 15, 2023 Q4 ‘22 VS. Q4 ‘21 SPOT VS. Q4 ‘22 MATERIALS 2021 2022 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) $15.14 $19.48 $19.00 29% (2%) CRU Molybdenum ($/lb) $18.87 $22.07 $35.40 17% 60% S&P Global Platts Nickel ($/MT) $19,830 $25,279 $
Slide 13: Critical Materials — Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG FEB 15, 2023 AVG ‘22 VS. AVG SPOT VS. AVG MATERIALS 2021 2022 SPOT ‘21 % CHANGE ‘22 % CHANGE Ferrovanadium ($/lb) $15.81 $23.89 $19.00 51% (20%) CRU Molybdenum ($/lb) $15.98 $18.91 $35.40 18% 87% S&P Global Platts Nickel ($/MT) $18,500 $
Slide 14: Lithium Carbonate vs Spodumene Prices
LITHIUM CARBONATE VS SPODUMENE PRICES (ASIAN METAL MARKET SPOT) BG Carbonate BG Carb Qtr Avg Spodumene Spod Qtr Avg $100,000 $7,500 Q1 2022 Q2 2022 Q3 2022 Q4 2022 $5,994 $80,000 $6,000 Lithium Carbonate $ / MT $71,583 $70,994 $66,500 $79,283 Spodumene $ / MT $60,000 $4,885 $4,500 $3,877 $40,000 $2,
Slide 15: Profit for the Period to EBITDA Reconciliation
PROFIT FOR THE PERIOD TO EBITDA RECONCILIATION (000’s USD) Q4 2022 Q4 2021 FY 2022 FY 2021 Profit for the period $62,669 $4,139 $190,771 $13,779 Income tax expense 23,827 5,293 84,097 8,707 Net finance (income) cost (4,177) 12,644 30,941 33,602 Equity-settled share-based payment 1,414 6,883 5,552 10
Slide 16: AMG Facilities: Liva Battery, Lithium Hydroxide, Engineering, Meltshop
LIVA BATTERY LITHIUM LAB LITHIUM HYDROXIDE – BITTERFELD, GERMANY ENGINEERING – HANAU, GERMANY MELTSHOP – ZANESVILLE, OHIO 16 VANADIUM, MOLYBDENUM AND NICKEL – CAMBRIDGE, OHIO VANADIUM, MOLYBDENUM AND NICKEL – ZANESVILLE, OHIO
AMG Critical Materials — Q4 2022 Earnings Presentation on 6ix