Amg Critical Materials N.v. · EURONEXT:AMG

Amg Critical Materials — Q1 2021 Earnings Presentation

13 slides from Amg Critical Materials's earnings presentation, May 28, 2021

  1. Slide 1: Enabling the Circular Economy

    ENABLING THE CIRCULAR ECONOMY INVESTOR PRESENTATION | FIRST QUARTER 2021 AMG ADVANCED METALLURGICAL GROUP 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 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

  3. Slide 3: Financial Highlights

    FINANCIAL HIGHLIGHTS REVENUE (IN MILLIONS OF US DOLLARS) NET (LOSS) INCOME ATTRIBUTABLE TO SHAREHOLDERS (IN MILLIONS OF US DOLLARS) $278.3 $5.1 $253.5 $264.0 $207.6 $197.7 Revenue decrease due Net income to lower sales during Q1 ‘21 ($2.8) in AMG Critical due to Materials increased Technologies prof

  4. 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) $70.6 $13.4 $69.2 $67.0 Revenue in line with $8.6 Q1 ‘20 and 243% $56.4 EBITDA $4.8 ($1.0) $53.1 increased by $3.9 $4.0 YoY $3.3 $7.1 $10.

  5. 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) $72.9 $13.1 $57.8 $55.5 $11.7 $52.2 $10.3 $47.9 Revenue and EBITDA $8.7 increased $6.2 27% $6.8 $8.9 $9.0 $3.6 $6.6 26% and 32%, respectively,

  6. 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) $151.3 $131.0 $28.9 $120.4 Revenue $106.6 decreased due $89.2 $20.6 Lower to reduced profitability was aerospace $15.3 largely du

  7. Slide 7: Key Corporate Income Statement Items

    KEY CORPORATE INCOME STATEMENT ITEMS SG&A EXPENSES (IN MILLIONS OF US DOLLARS) NET FINANCE COSTS (IN MILLIONS OF US DOLLARS) $34.9 $33.1 $8.7 $29.6 $10.0 $27.2 $26.1 $9.6 Increase mainly $8.2 $6.3 driven by higher $6.1 $7.3 $7.2 $5.4 $5.3 $6.6 5% $4.9 foreign exchange $4.9 $5.3 $4.5 YoY losses, part

  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) $20.3 $19.9 $317.2 $287.9 Significant $11.4 Cash from $255.3 investment in operating activities increased in Q1 ’21 $192.4 $209.3 growth initiatives, especially the mainly because of va

  9. Slide 9: Appendix

    APPENDIX

  10. Slide 10: Key Revenue Drivers

    KEY REVENUE DRIVERS CLEAN ENERGY MATERIALS SEGMENT RESULTS KEY DRIVERS Q1 2021 Q1 2020 Price Volume Vanadium Revenue $70.6 $69.2 Spodumene Gross Profit * $13.4 $3.9 Tantalum CRITICAL MINERALS SEGMENT RESULTS KEY DRIVERS Q1 2021 Q1 2020 Price Volume Revenue $72.9 $57.8 Graphite Silicon Gross Profit *

  11. Slide 11: Critical Materials — Average Quarterly Market Prices

    CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q1 Q1 APR 28, 2021 Q1 ‘21 VS. Q1 ‘20 SPOT VS. Q1 ‘21 MATERIALS 2020 2021 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) 1 $12.33 $14.60 $16.15 18% 11% Molybdenum ($/lb) $9.65 $11.36 $11.10 18% (2%) Nickel ($/MT) $12,719 $17,570 $17,223 38% (2%) Alumi

  12. Slide 12: Critical Materials — Full Year and Current Spot Prices

    CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG APR 28, 2021 AVG ‘20 VS. AVG SPOT VS. AVG MATERIALS 2019 2020 SPOT ‘19 % CHANGE ‘20 % CHANGE Ferrovanadium ($/lb) 1 $21.95 $10.81 $16.15 (51%) 49% Molybdenum ($/lb) $11.43 $8.67 $11.10 (24%) 28% Nickel ($/MT) $13,933 $13,788 $17,223 (1%)

  13. Slide 13: Net Income (Loss) to EBITDA Reconciliation

    NET INCOME (LOSS) TO EBITDA RECONCILIATION (000’s USD) Q1 2021 Q1 2020 Net income (loss) $5,678 ($13,597) Income tax (benefit) expense (910) 16,515 Net finance cost * 8,654 6,335 Equity-settled share-based payment 1,114 1,490 transactions ** Restructuring expense 67 428 Inventory cost adjustment (re

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