Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q1 2023 Earnings Presentation
15 slides from Amg Critical Materials's earnings presentation, May 26, 2023
Slide 1: Critical Materials for a Sustainable Planet
CRITICAL MATERIALS FOR A SUSTAINABLE PLANET Investor Presentation | First Quarter 2023 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) $450.6 $424.1 $424.8 $68.1 $403.9 $390.0 $60.7 $56.2 12% $29.6 $27M $29.1 YoY YoY Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 EBITDA (IN MILLIONS OF
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 $109.0 $188.3 $176.1 $159.8 $106.1 $143.7 $86.5 $83.7 $80.3 $81.6 EBITDA Gross $58.2 $60.8 profit increased $37.2 $69 million increased $39.0 45.9% 46.3% 49.7%
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) $106.9 $103.4 $19.0 $84.9 $69.2 Revenue $14.0 $62.9 decreased $13.0 Gross profit vs. Q1 ’22 decreased $6M $14.0 largely due due to lower $7.9 $9.1 $7.3 27.5% $2.6 to lower
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) $168.6 $27.4 $160.9 $24.9 $23.2 $23.6 $153.3 $19.4 $151.6 Revenue Gross increased profit for $144.7 10% vs. $13.8 17.0% 16.5% Q1 ‘23 in line $9.7 $11.6 $9.7
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) $40.4 $37.5 $37.0 $36.9 $36.6 $14.0 $13.3 $12.2 $10.8 $11.1 $11.6 $11.9 $8.9 Variance SG&A driven by FX $7.4 $7.0 $6.8 $7.2 increased $6.6 $7.0 gains of $2 8% vs. mil
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 $74.7 $346.8 $57.0 $329.9 $39.5 $97M $36M YoY $310.6 YoY ($3.7) Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 * Excludes municipal bond ANN
Slide 9: Appendix
APPENDIX LiVa Power Management Systems GmbH – Frankfurt, Germany 9
Slide 10: AMG Provides Critical Materials and Related Process Technologies for 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
Slide 11: Quarterly Revenue Drivers
QUARTERLY REVENUE DRIVERS CLEAN ENERGY MATERIALS SEGMENT RESULTS KEY DRIVERS Q1 2023 Q1 2022 Price Volume Vanadium Revenue $219.1 $143.7 Spodumene Gross Profit $109.0 $39.0 Tantalum CRITICAL MINERALS SEGMENT RESULTS KEY DRIVERS Q1 2023 Q1 2022 Price Volume Revenue Graphite $62.9 $106.9 Silicon Gross
Slide 12: Critical Materials — Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q1 Q1 APR 26, 2023 Q1 ‘23 VS. Q1 ‘22 SPOT VS. Q1 ‘23 MATERIALS 2022 2023 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) $22.49 $19.35 $19.25 (14%) (1%) CRU Molybdenum ($/lb) $19.09 $32.41 $22.00 70% (32%) S&P Global Platts Nickel ($/MT) $27,944 $25,9
Slide 13: Critical Materials — Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG APR 26, 2023 AVG ‘22 VS. AVG SPOT VS. AVG MATERIALS 2021 2022 SPOT ‘21 % CHANGE ‘22 % CHANGE Ferrovanadium ($/lb) $15.81 $23.89 $19.25 51% (19%) CRU Molybdenum ($/lb) $15.98 $18.91 $22.00 18% 16% S&P Global Platts Nickel ($/MT) $18,500 $
Slide 14: Profit for the Period to Adjusted EBITDA Reconciliation
PROFIT FOR THE PERIOD TO ADJUSTED EBITDA RECONCILIATION (000’s USD) Q1 2023 Q1 2022 Profit for the period $56,447 $29,884 Income tax expense (benefit) 35,927 (1,489) Net finance cost 6,617 8,919 Equity-settled share-based payment transactions 1,469 1,380 Restructuring (reversal) expense (263) 141 Si
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 ADVANCED METALLURGICAL GROUP N.V. amg-nv.com VANADIUM, MOLYBDE
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