Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q4 2023 Earnings Presentation
16 slides from Amg Critical Materials's earnings presentation, Feb 29, 2024
Slide 1: Critical Materials for a Sustainable Planet
CRITICAL MATERIALS FOR A SUSTAINABLE PLANET Investor Presentation | Fourth Quarter 2023 AMG CRITICAL MATERIALS N.V. 1
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
Slide 3: Full Year Financial Highlights
FULL YEAR FINANCIAL HIGHLIGHTS ADJUSTED EBITDA (IN MILLIONS OF US DOLLARS) OPERATING CASH FLOW (IN MILLIONS OF US DOLLARS) $342.6 $350.5 $223.0 $167.6 Highest Highest in AMG $90.8 in AMG $136.7 history history FY 2021 FY 2022 FY 2023 FY 2021 FY 2022 FY 2023 CAPITAL EXPENDITURES (IN MILLIONS OF US DO
Slide 4: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS REVENUE (IN MILLIONS OF US DOLLARS) NET INCOME ATTRIBUTABLE TO SHAREHOLDERS (IN MILLIONS OF US DOLLARS) $450.6 $439.3 $60.7 $56.2 $390.0 $368.7 $367.2 $42.8 6% $58.5M YoY YoY $0.2 $2.2 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 ADJUSTED EBITD
Slide 5: AMG Clean Energy Materials Financial Highlights
AMG CLEAN ENERGY MATERIALS FINANCIAL HIGHLIGHTS REVENUE & ADJUSTED EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $219.1 $208.5 $109.0 $176.1 $96.0 $106.1 $157.6 $96.0 $140.3 $81.6 $80.3 Revenue Gross $55.9 decreased profit $39.2 10% vs. decreased Q4 ‘22 46.3% 49.7% 46.0
Slide 6: AMG Critical Minerals Financial Highlights
AMG CRITICAL MINERALS FINANCIAL HIGHLIGHTS REVENUE & ADJUSTED EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (LOSS) (IN MILLIONS OF US DOLLARS) $69.2 $19.0 $62.9 $57.3 $54.9 $52.6 Revenue Q4 ’23 decreased sequential $14.0 vs. Q4 ‘22 27.5% decrease due largely due $7.8 to graphite $2.6 to lower $7.3
Slide 7: AMG Critical Materials Technologies Financial Highlights
AMG CRITICAL MATERIALS TECHNOLOGIES FINANCIAL HIGHLIGHTS REVENUE & ADJUSTED EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $168.6 $173.6 $175.8 $154.7 $25.6 $144.7 $23.6 $23.7 $19.4 $20.1 Q4 ‘23 Adjusted gross profit EBITDA decreased $13.4 $13.6 increased sequentially du
Slide 8: 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 $45.6 $9.3 $40.4 $42.8 $36.6 $6.6 $7.3 $21.5 $16.6 $13.3 $15.5 $11.9 SG&A Variance $7.6 increased $7.2 $7.5 $7.1 driven by lower $7.0 25% vs. capitalization Q4
Slide 9: 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 $329.9 $320.5 $322.8 $310.6 $57.0 $60.0 $44.5 $12.5M $7.1M $279.9 YoY $24.9 YoY Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 ANNUALIZED ROCE WORKING CAPIT
Slide 10: Appendix
APPENDIX LiVa Power Management Systems GmbH – Frankfurt, Germany 10
Slide 11: 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: 2023 110.3 ENABLING TECHNOLOGIES 2022 99.4 Products and processes saving CO2 emissions during use
Slide 12: Quarterly Revenue Drivers
QUARTERLY REVENUE DRIVERS CLEAN ENERGY MATERIALS SEGMENT RESULTS KEY DRIVERS Q4 2023 Q4 2022 Price Volume Vanadium Revenue $157.6 $176.1 Spodumene Gross Profit $35.1 $81.6 Tantalum CRITICAL MINERALS SEGMENT RESULTS KEY DRIVERS Q4 2023 Q4 2022 Price Volume Revenue Graphite $54.9 $69.2 Silicon Gross (
Slide 13: Critical Materials — Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q4 Q4 FEB 14, 2024 Q4 ‘23 VS. Q4 ‘22 SPOT VS. Q4 ‘23 MATERIALS 2022 2023 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) $19.48 $14.35 $12.75 (26%) (11%) CRU Molybdenum ($/lb) $22.07 $18.57 $19.95 (16%) 7% S&P Global Platts Nickel ($/MT) $25,279 $17,2
Slide 14: Critical Materials — Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG FEB 14, 2024 AVG ‘23 VS. AVG SPOT VS. AVG MATERIALS 2022 2023 SPOT ‘22 % CHANGE ‘23 % CHANGE Ferrovanadium ($/lb) $23.89 $17.05 $12.75 (29%) (25%) CRU Molybdenum ($/lb) $18.91 $24.03 $19.95 27% (17%) S&P Global Platts Nickel ($/MT) $25,9
Slide 15: Profit for the Period to Adjusted EBITDA Reconciliation
PROFIT FOR THE PERIOD TO ADJUSTED EBITDA RECONCILIATION (000’s USD) Q4 2023 Q4 2022 FY 2023 FY 2022 Profit for the period $1,266 $62,669 $102,288 $190,771 Income tax expense 19,958 23,827 95,002 84,097 Net finance (income) cost (2,455) (4,177) 20,739 30,941 Equity-settled share-based payment transac
Slide 16: Everything that will be recycled.
LIVA BATTERY LITHIUM HYDROXIDE – BITTERFELD, GERMANY LITHIUM LAB 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
AMG Critical Materials — Q4 2023 Earnings Presentation on 6ix