Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q2 2020 Earnings Presentation
12 slides from Amg Critical Materials's earnings presentation, Jul 27, 2020
Slide 1: Enabling the Circular Economy
ENABLING THE CIRCULAR ECONOMY INVESTOR PRESENTATION | SECOND QUARTER 2020 AMG ADVANCED METALLURGICAL GROUP N.V.
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 NET LOSS ATTRIBUTABLE TO SHAREHOLDERS REVENUE (IN MILLIONS OF US DOLLARS) (IN MILLIONS OF US DOLLARS) $303.6 $269.9 $268.6 $278.3 Revenue $207.6 Q2 2019 decrease due impacted by to pandemic- ($14.2) ($13.6) ($12.5) inventory induced lower ($17.8) cost volumes & adjustments low p
Slide 4: AMG Critical Materials Financial Highlights
AMG CRITICAL MATERIALS FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT EXCLUDING EXCEPTIONAL ITEMS (IN MILLIONS OF US DOLLARS) $198.5 $22.6 $21.7 Revenue $20.4 $20.0 $165.2 $170.2 $159.2 decreased largely due to Lower prices & $127.4 pandemic- $12.2 volumes partially r
Slide 5: AMG Technologies Financial Highlights
AMG TECHNOLOGIES FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT EXCLUDING EXCEPTIONAL ITEMS (IN MILLIONS OF US DOLLARS) $119.1 $26.6 $105.1 $104.6 $23.4 $22.2 $23.1 $98.4 Revenue Lower $80.2 decreased due profitability was to pandemic- largely due to driven lower $11.
Slide 6: 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) $37.2 $6.8 $33.8 $35.1 $34.9 $6.1 $6.3 $5.9 $27.2 $5.4 $15.5 $17.4 SG&A $15.9 $16.1 expenses 7% $12.8 decreased YoY by 20% vs. $17.9 $19.6 $19.8 $18.8 Q2 ‘19 $14.4 Q2 '19 Q3 '
Slide 7: 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) $55.5 $209.3 $192.4 Operating cash Significant flow increased by $154.0 $162.9 investment in $20.3 $31.4 million vs. growth initiatives, $108.7 especially the Q2 ‘19 due to operational
Slide 8: Critical Materials — Quarterly Revenue Drivers
CRITICAL MATERIALS — QUARTERLY REVENUE DRIVERS Q2 ‘20 REV Q2 ‘19 REV SEGMENT ($M) ($M) VOLUME PRICE • AMG Critical Material’s total revenue decreased Vanadium $17.6 $36.6 in the second quarter by $71.1 million, or 36%, to $127.4 million Aluminum $25.0 $35.8 • The decrease was largely driven by lower
Slide 9: Appendix
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Slide 10: Critical Materials — Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q2 ‘20 VS. Q2 ‘20 VS. Q2 Q3 Q4 Q1 Q2 MATERIALS Q2 ‘19 % Q1 ‘20 % 2019 2019 2019 2020 2020 CHANGE CHANGE Ferrovanadium ($/lb) 1 $21.38 $15.36 $11.50 $12.33 $10.37 (51%) (16%) Molybdenum ($/lb) $12.17 $11.84 $9.57 $9.65 $8.37 (31%) (13%) Nickel ($/M
Slide 11: Critical Materials — Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG JUL 21, 2020 AVG ‘19 VS. AVG SPOT VS. AVG MATERIALS 2018 2019 SPOT ‘18 % CHANGE ‘19 % CHANGE Ferrovanadium ($/lb) 1 $38.70 $22.00 $9.45 (43%) (57%) Molybdenum ($/lb) $11.94 $11.43 $7.08 (4%) (38%) Nickel ($/MT) $13,118 $13,933 $13,315 6%
Slide 12: Net Loss to EBITDA Reconciliation
NET LOSS TO EBITDA RECONCILIATION (000’s USD) Q2 2020 Q2 2019 Net loss (12,606) (31,185) Income tax benefit (413) (13,474) Net finance cost * 5,802 6,578 Equity-settled share-based payment 1,254 1,611 transactions Restructuring expense 370 144 Inventory cost adjustment 1,093 44,796 Asset impairment
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