Slide 1: Magontec Limited Half Year 2024 Results
Magontec Limited (ASX: MGL) Half Year 2024 Results Investor Presentation August 2024
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared by Magontec Limited (ABN 51 010 Past performance Investment Risk and other risks 441 666) (Magontec or the Company). This Presentation contains summary Past performance information given in this Presentation is given for Investment in Magontec shares is
Slide 3: Our businesses
Magontec Limited: ASX Code: MGL Our businesses Metals Anodes Primary & recycled Magnesium and magnesium alloys electronic anodes Pure Mg & Scrap Electronic Mg alloy & other alloying returns components components elements Mg alloy Cathodic ingots Corrosion Generic Protection CCP Specialist 3
Slide 4: Mg alloy recycling: At Bottrop (Germany) and Santana (Romania)
Mg alloy recycling: At Bottrop (Germany) and Santana (Romania) An essential part of the European and North American die casting industry Recycling adds Mg is 100% Installed capacity Europe’s largest just 0.59 kg CO2 recyclable 24k mtpa Mg recycler equivalent/kg of Mg* Magontec Customer Mg alloy recy
Slide 5: Cathodic Corrosion Protection (CCP)
Cathodic Corrosion Protection (CCP) Every water tank in every house requires corrosion protection New Buildings 20% CCP 80% Replacement Magnesium Electronic anodes Industry drivers Climate change Urbanisation (water heater installation) Switch from oil/gas to electric heat pump 80% replacement (5 to
Slide 6: Powered anodes a growth market
Powered anodes a growth market European Hydronic (water) Heat Pump Installations up to 400kW (Total Market) 1,600,000 Despite short term regulatory uncertainty, the long term trend in the 1,400,000 market for Magontec's powered anodes remains positive 1,200,000 +380% in the 11 years to 2023 1,000,00
Slide 7: Overview: Dashboard for 1H 2024
Overview Dashboard for 1H 2024 ADJUSTED REVENUE ADJUSTED EBITDA* EPS UNDERLYING NPAT** $41.4 mil $0.5 mil ($1.1 mil) (6.6 cents) CASH FLOW FROM NET CASH/(DEBT) DIVIDEND / SHARE GROSS PROFIT UNDERLYING $9.5 m (UNFRANKED) MARGIN OPERATIONS*** $0.3 mil CASH ON HAND 1H24 - cents 14.7% $10.8 m 2H23 0.6 c
Slide 8: 1H 2024 Half Year Result
1H 2024 Half Year Result Underlying Net Profit After Tax * excluding impairment ($M) • Reported results impacted by PRC non-cash impairment $4.8m of $3.65m following QSLM developments $3.3m • Gross margin improved slightly to 14.7%, with improved Metal earnings in 1H24 over 2H23 -$1.5m -$1.3m • Excl
Slide 9: 1H 2024 Half Year Result
1H 2024 Half Year Result • Net cash position (cash less bank borrowings on balance sheet) increased to $9.5m as at 30 June 2024. • No net debt. Gearing ratio** of (23.0%) • Positive Operating Cashflow and Underlying Operating Cashflow* in the half despite difficult trading conditions Reported Operat
Slide 10: 1H 2024 Half Year Result - Metals
1H 2024 Half Year Result - Metals Some recovery in GP trends in the half for EUR, but Magontec Qinghai situation will impact 2H volumes Global metals gross profit ($M) Global Mg alloy and specialist metals sales volumes (metric tonnes) 10.0 13.7% 20.0% FY24 First Half Second Half 8.0 5.8% 10.0% FY23
Slide 11: 1H 2024 Half Year Result – CCP / anodes
1H 2024 Half Year Result – CCP / anodes Soft trading in CCP business continued during the half Global CCP gross profit (A$M) Global magnesium anode sales volumes (metric tonnes) First Half Second Half 12.0 34.3% 40.0% 25.4% 25.5% FY24 10.0 30.0% FY23 8.0 20.0% FY22 6.0 10.0% FY21 4.0 - FY20 2.0 (10.
Slide 12: 1H 2024 Half Year Result – Financial summary
1H 2024 Half Year Result – Financial summary Equity, Borrowings, Cashflow 6 months to 6 months to (AUD ‘000) 30 June 2024 30 June 2023 Equity EBITDA excluding MAQ impairment loss 473 5,949 Reported EBITDA (3,179) 5,949 Underlying NPAT* ex MAQ impairment and DTA write off (1,093) 3,250 NPAT excl unre
Slide 13: Magontec Limited Market Information
Magontec Limited Market Information Shareholder Structure 30 June 2024 ASX Code: MGL Total Per Share Ordinary shares on issue 79,643,766 41.6%, Other Book value of net assets – 30 June 2024 $51.1 million 64.1 cents/share 28.5%, QSLM 1 Market capitalisation $20.3 million 25.5 cents/share Net debt/(ca
Slide 14: Thank You
Thank You MAGONTEC MAGONTEC GmbH MAGONTEC Xi’an Co., Ltd Head Office, Sydney Industriestraße 61 No. 40, Feng Cheng 3 Road, Suite 2.01, 139 Macquarie St 46240 Bottrop Xian Economic and Sydney, NSW 2000 Germany Development Zone AUSTRALIA Xian, China, 710021 Tel +61 2 8084 7813 Tel +49 (0) 20 41 / 99 0
Slide 15: Magontec Limited Half Year 2024 Results
Magontec Limited (ASX: MGL) Half Year 2024 Results Investor Presentation August 2024
Slide 16: Appendix - FY 2024 Half Year Result Summary
Appendix - FY 2024 Half Year Result Summary Income statement 6 months to 6 months to (AUD ‘000) 30 June 2024 30 June 2023 Revenue 41,411 60,550 Cost of Sales (35,344) (46,447) Gross Profit 6,067 14,103 Gross Profit margin (%) 14.7% 23.3% Other income 734 290 Impairment – Inventory, fixed assets, dou
Slide 17: Appendix - FY 2024 Half Year Result Significant Items
Appendix - FY 2024 Half Year Result Significant Items Reconciliation of significant items in earnings (AUD ‘000) 6 months to 30-Jun-24 6 months to 30-Jun-23 Reported Net Profit After Tax (5,250) 2,397 Add/Less unrealised FX losses / (gains) 313 853 Reported Net Profit After Tax excl. unrealised FX (
Slide 18: Appendix – FY24 Half Year Result by Region
Appendix – FY24 Half Year Result by Region Segment P&L 6 months to (AUD ‘000) EUR PRC Head office 30 June 2024 Gross Profit 5,259 808 - 6,067 Other income 181 553 - 734 Impairment – Inventory, fixed assets, doubtful debts (35) (3,652) - (3,687) Operating expenses (4,691) (1,488) (1,270) (7,449) FX 3
Slide 19: Appendix – FY23 Half Year Result by Region
Appendix – FY23 Half Year Result by Region Segment P&L 6 months to (AUD ‘000) EUR PRC Head office 30 June 2023 Gross Profit 11,935 2,168 - 14,103 Other income 127 162 2 290 Impairment – Inventory, fixed assets, doubtful debts (750) (191) - (941) Operating expenses (5,116) (1,748) (1,271) (8,135) FX