Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — AMG Advanced Metallurgical Group — Q1 2019 Earnings Presentation
12 slides from Amg Critical Materials's earnings presentation, May 2019
Slide 1: Enabling CO2 Reduction – Investor Presentation First Quarter 2019
ENABLING CO2 REDUCTION INVESTOR PRESENTATION FIRST QUARTER 2019 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 REVENUE (IN MILLIONS OF US DOLLARS) NET INCOME (IN MILLIONS OF US DOLLARS) $344.4 $346.5 $29.9 $29.0 $308.4 $329.3 $328.1 $18.4 $17.3 12% $14.8 19% YoY YoY Q1 '18 Q2 '18 Q3 '18 Q4 '18 Q1 '19 Q1 '18 Q2 '18 Q3 '18 Q4 '18 Q1 '19 EBITDA (IN MILLIONS OF US DOLLARS) EARNINGS PER SHARE
Slide 4: AMG Critical Materials Financial Highlights
AMG CRITICAL MATERIALS FINANCIAL HIGHLIGHTS GROSS PROFIT BEFORE EXCEPTIONAL ITEMS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) (IN MILLIONS OF US DOLLARS) $223.8 $219.7 $221.5 $228.6 $208.5 $51.5 $52.9 $50.2 $44.1 $45.7 $40.8 $41.5 REVENUE $30.8 $36.6 $31.2 INCREASED 4% BY $20.1M YoY VS. Q1 ‘18 Q1 '
Slide 5: AMG Technologies Financial Highlights
AMG TECHNOLOGIES FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT BEFORE EXCEPTIONAL ITEMS (IN MILLIONS OF US DOLLARS) $123.0 $117.9 $36.8 $99.9 $105.5 $108.4 $31.2 $31.3 $27.6 $26.2 $21.3 $19.3 EBITDA 19% $18.3 INCREASED $13.7 $14.2 BY 40% VS. YoY Q1 ‘18 Q1 '18 Q2 '18
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) $37.4 $9.2 $35.6 $37.2 $35.6 $35.1 $6.5 $6.9 $15.8 $16.3 $16.1 $15.9 $19.0 SG&A $5.3 EXPENSES $4.7 42% INCREASED YoY $19.8 $20.9 $19.6 $16.1 $21.5 BY 5% VS. Q1 ‘18 Q1 '18 Q2 '
Slide 7: Liquidity, Cash Flow, and Working Capital
LIQUIDITY, CASH FLOW, AND WORKING CAPITAL OPERATING CASH FLOW (IN MILLIONS OF US DOLLARS) NET DEBT (CASH) (IN MILLIONS OF US DOLLARS) $50.7 $34.8 $32.3 MAINTAINED LOW LEVEL OF $24.8 $23.1 NET DEBT DUE 72% $14.6 TO HIGH YoY $9.4 PROFITABILITY $6.9 ($1.2) Q1 '18 Q2 '18 Q3 '18 Q4 '18 Q1 '19 ($0.5) Q1 '
Slide 8: Critical Materials – Quarterly Revenue Drivers
CRITICAL MATERIALS – QUARTERLY REVENUE DRIVERS SEGMENT Q1 ‘19 REV Q1 ‘18 REV VOLUME PRICE ($M) ($M) • AMG’s total revenue increased in the first Vanadium $61.2 $40.2 quarter by $38.1 million, or 12%, to $346.5 million Aluminum $54.8 $52.5 • The increase was largely driven by substantially improved v
Slide 9: Appendix
APPENDIX 9
Slide 10: Critical Materials – Average Quarterly Market Prices
CRITICAL MATERIALS – AVERAGE QUARTERLY MARKET PRICES Q1 ‘19 VS. Q1 ‘19 VS. Q1 Q2 Q3 Q4 Q1 MATERIALS Q1 ‘18 % Q4 ‘18 % 2018 2018 2018 2018 2019 CHANGE CHANGE Ferrovanadium ($/lb) $28.60 $34.28 $39.68 $53.80 $39.96 40% (26%) Molybdenum ($/lb) $12.26 $11.59 $11.86 $12.04 $11.82 (4%) (2%) Nickel ($/MT)
Slide 11: Critical Materials – Full Year and Current Spot Prices
CRITICAL MATERIALS – FULL YEAR AND CURRENT SPOT PRICES AVG AVG APR 25, 2019 AVG ‘18 VS. AVG SPOT VS. AVG ‘18 MATERIALS 2017 2018 SPOT ‘17 % CHANGE % CHANGE Ferrovanadium ($/lb) $15.30 $38.95 $23.00 155% (41%) Molybdenum ($/lb) $8.25 $11.94 $11.95 45% – Nickel ($/MT) $10,408 $13,118 $12,268 26% (6%)
Slide 12: Net Income to EBITDA Reconciliation
NET INCOME TO EBITDA RECONCILIATION (000’s USD) Q1 2019 Q1 2018 Net Income 14,703 18,333 Income tax expense 5,876 9,705 Net finance cost * 8,852 6,578 Equity-settled share-based 1,118 1,634 payment transactions Restructuring expense (53) 189 Inventory cost adjustment 9,883 – Others 9 (183) EBIT 40,3
AMG Advanced Metallurgical Group — Q1 2019 Earnings Presentation on 6ix