Amg Critical Materials N.v. · EURONEXT:AMG

Amg Critical Materials — Q2 2023 Earnings Presentation

15 slides from Amg Critical Materials's earnings presentation, Jul 28, 2023

  1. Slide 1: Critical Materials for a Sustainable Planet

    CRITICAL MATERIALS FOR A SUSTAINABLE PLANET Investor Presentation | Second Quarter 2023 AMG CRITICAL MATERIALS N.V. 1

  2. Slide 2: Cautionary Note

    CAUTIONARY NOTE This document contains proprietary information and is being provided solely for information purposes by AMG Critical Materials 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 purpose, exc

  3. Slide 3: Financial Highlights

    FINANCIAL HIGHLIGHTS REVENUE (IN MILLIONS OF US DOLLARS) NET INCOME ATTRIBUTABLE TO SHAREHOLDERS (IN MILLIONS OF US DOLLARS) $450.6 $439.3 $68.1 $424.1 $424.8 $390.0 $60.7 $56.2 $42.8 4% $29.6 44% YoY YoY Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 EBITDA (IN MILLIONS OF US

  4. Slide 4: AMG Clean Energy Materials Financial Highlights

    AMG CLEAN ENERGY MATERIALS FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $219.1 $208.5 $109.0 $188.3 $176.1 $96.0 $159.8 $106.1 $96.0 $86.5 $83.7 $80.3 $81.6 EBITDA Gross $58.2 $60.8 profit increased $38 million increased 45.9% 46.3% 49.7%

  5. Slide 5: AMG Critical Minerals Financial Highlights

    AMG CRITICAL MINERALS FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $103.4 $19.0 $84.9 $69.2 Revenue $62.9 decreased $14.0 Gross profit $57.3 vs. Q2 ’22 decreased $6M $14.0 largely due due to lower $9.1 $7.3 $2.6 to lower 27.5% $7.8 volume

  6. Slide 6: AMG Critical Materials Technologies Financial Highlights

    AMG CRITICAL MATERIALS TECHNOLOGIES FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $173.6 $168.6 $27.4 $24.9 $160.9 $23.6 $23.7 $19.4 Q2 ’23 $151.6 Revenue increased gross profit $144.7 8% vs. decreased vs. $13.8 17.0% 16.5% Q2 ‘22 due to $

  7. 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) $49.4 $40.4 $14.0 $37.0 $36.9 $36.6 $12.2 $21.5 Variance $11.1 $13.3 SG&A $11.6 $11.9 $7.3 driven by higher increased $6.6 interest income $7.0 $6.8 $7.2 $7.5 33% vs.

  8. 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) $93.4 $364.8 $368.4 $329.9 $74.7 $310.6 $279.9 $60.0 $57.0 $39.5 52% $85M YoY YoY Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 ANNUALIZED ROCE WORKING CAPITAL D

  9. Slide 9: Appendix

    APPENDIX LiVa Power Management Systems GmbH – Frankfurt, Germany 9

  10. Slide 10: AMG Provides Critical Materials and Related Process Technologies to Advance a Less Carbon-Intensive World

    AMG PROVIDES CRITICAL MATERIALS AND RELATED PROCESS TECHNOLOGIES TO ADVANCE A LESS CARBON-INTENSIVE WORLD A GLOBAL IMPERATIVE AMG’S ENABLED CO2 EMISSION REDUCTIONS FOR THE 21ST CENTURY (Million MT) AMG: 2022 99.4 ENABLING TECHNOLOGIES Products and processes saving 2021 79.0 CO2 emissions during use

  11. Slide 11: Quarterly Revenue Drivers

    QUARTERLY REVENUE DRIVERS CLEAN ENERGY MATERIALS SEGMENT RESULTS KEY DRIVERS Q2 2023 Q2 2022 Price Volume Vanadium Revenue $208.5 $159.8 Spodumene Gross Profit $96.0 $60.8 Tantalum CRITICAL MINERALS SEGMENT RESULTS KEY DRIVERS Q2 2023 Q2 2022 Price Volume Revenue Graphite $57.3 $103.4 Silicon Gross

  12. Slide 12: Critical Materials — Average Quarterly Market Prices

    CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q2 Q2 JUL 19, 2023 Q2 ‘23 VS. Q2 ‘22 SPOT VS. Q2 ‘23 MATERIALS 2022 2023 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) $30.53 $18.21 $17.25 (40%) (5%) CRU Molybdenum ($/lb) $18.47 $21.36 $22.80 16% 7% S&P Global Platts Nickel ($/MT) $28,928 $22,297

  13. Slide 13: Critical Materials — Full Year and Current Spot Prices

    CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG JUL 19, 2023 AVG ‘22 VS. AVG SPOT VS. AVG MATERIALS 2021 2022 SPOT ‘21 % CHANGE ‘22 % CHANGE Ferrovanadium ($/lb) $15.81 $23.89 $17.25 51% (28%) CRU Molybdenum ($/lb) $15.98 $18.91 $22.80 18% 21% S&P Global Platts Nickel ($/MT) $18,500 $

  14. Slide 14: Profit for the Period to Adjusted EBITDA Reconciliation

    PROFIT FOR THE PERIOD TO ADJUSTED EBITDA RECONCILIATION (000’s USD) Q2 2023 Q2 2022 Profit for the period $43,573 $29,879 Income tax expense 26,552 23,156 Net finance cost 7,282 12,211 Equity-settled share-based payment transactions 1,495 1,372 Restructuring expense 626 41 Pension adjustment 6,700 –

  15. Slide 15: Everything that can be recycled will be recycled

    LIVA BATTERY LITHIUM LAB LITHIUM HYDROXIDE – BITTERFELD, GERMANY This announcement appears as a matter of record. ENGINEERING – HANAU, GERMANY AMG’s LAW: “Everything that can be recycled will be recycled.” MELTSHOP – ZANESVILLE, OHIO AMG Critical Materials N.V. amg-nv.com VANADIUM, MOLYBDENUM AND NI

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