Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — AMG Advanced Metallurgical Group — Shareholder Meeting (May 2016)
14 slides from Amg Critical Materials's shareholder meeting presentation, May 4, 2016
Slide 1: Leading the Critical Materials Revolution
LEADING THE CRITICAL MATERIALS REVOLUTION AMG Advanced Metallurgical Group N.V. Annual General Meeting Financial Presentation May 4, 2016
Slide 2: Table of Contents
TABLE OF CONTENTS 2015 Financial Review End markets 4 Financial highlights 5 Operational update 6 Summary of non-recurring items 7 Financial Data & ROCE 8 Q1 2016 Financial Highlights 10 2
Slide 3: Cautionary Note
Cautionary Note THIS DOCUMENT IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION 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 PURPOSE
Slide 4: AMG – A Global Supplier of Critical Materials
A AMG – ASupplier Global of Criticalof Global Supplier Materials Critical Materials FY 2015 Revenues by End Market 20% Infrastructure 22% Specialty Metals & Chemicals Approx. 3,000 $977 million* employees annual revenues 18% Energy 40% Transportation FY 2015 Revenue by Region** AMG is a global suppl
Slide 5: Divisional Financial Highlights – FY 2015 v FY 2014
Divisional Financial Highlights – FY 2015 v FY 2014 Revenue Gross Margin FY 2015 Revenue: $977.1 (in USD millions) FY 2015 Gross Margin: 16.4% $757.5 AMG Critical 14.7% AMG Critical Materials Materials 16.3% $873.4 FY 2015 FY 2015 FY 2014 FY 2014 AMG 22.2% AMG $219.7 Engineering 19.0% Engineering $2
Slide 6: Operational update
Operational update AMG Processing AMG Engineering • AMG Vanadium – increased Ferrovanadium • Significantly improved financial results in sales volumes following successful capacity 2015 compared to 2014 expansion completed in 2014 • Stronger order intake due to improving • AMG Graphite – production
Slide 7: Summary of non-recurring charges - 2015
Summary of non-recurring charges - 2015 Restructuring Environmental • AMG Critical Materials accounts for $2.6 • Additional accrual relates to recent million driven by the sale of its mining discussions with NJDEP assets in Turkey • Current accrual of $19.5 million is based on • AMG Engineering rest
Slide 8: Financial Data: ROCE & EBITDA
Financial Data: ROCE & EBITDA EBITDA (in millions of US dollars) • Q4 ‘15 EBITDA down 56% $25.1 versus Q4 ‘14 $21.9 $20.4 $20.4 • The appreciation of the US Q4 ‘15 EBITDA Dollar compared to the Euro in down 56% the fourth quarter of 2015 in $9.7 relation to the fourth quarter of versus Q4 ‘14 2014,
Slide 9: Financial Data: Net Debt & Operating Cash Flow
Financial FinancialData: Data:Net NetDebt Debt&&Operating OperatingCash Flow Cash flow • Net (cash) debt: ($1.0) million Net Debt (in millions of US dollars) – $161.5 million reduction on net $194.2 debt since December 31, 2013 – Net cash position $160.5 – Net Debt to LTM EBITDA: $195M -0.01x reduct
Slide 10: Q1 2016 Financial Highlights
Q1 2016 FINANCIAL HIGHLIGHTS AMG Advanced Metallurgical Group N.V.
Slide 11: Q1 2016 Financial Highlights
Q1 2016 Financial highlights Revenue: $237.4 million 8% decrease from the same period in 2015 Driven by weakened average metals prices Operating Profit $1.4 million or 12% increase from Q1 2015 Decline in restructuring expense EBITDA: $21.2 million 4% increase from the same period in
Slide 12: Q1 2016 Financial Highlights by Division
Q1 2016 Financial highlights AMG Critical Materials: Revenue: $176.5 million 2% decrease in gross profit versus Q1 2015 EBITDA: $16.5 AMG Engineering Revenue: $60.8 million 14% increase in gross profit over Q1 2015 EBITDA $4.6 million As of March 31, 2016 Cash: $111.6 million N
Slide 13: 2016 Outlook
2016 Outlook AMG In this challenging environment, AMG’s management target is to maintain 2015 levels of profitability in 2016 and continue to generate strong operating cash flow. CHANGE IN The change in AMG’s dividend policy reflects a commitment to return value to DIVIDEND POLICY shareholders and i
Slide 14: Ti Sb Cr Nb Al Ta
Ti Sb Cr Nb Al Ta
AMG Advanced Metallurgical Group — Shareholder Meeting (May 2016) on 6ix