Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q1 2022 Earnings Presentation
14 slides from Amg Critical Materials's earnings presentation, May 27, 2022
Slide 1: Accelerating the Energy Transition
ACCELERATING THE ENERGY TRANSITION Investor Presentation | First Quarter 2022 AMG ADVANCED METALLURGICAL GROUP N.V. 1
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 (LOSS) ATTRIBUTABLE TO SHAREHOLDERS (IN MILLIONS OF US DOLLARS) $403.9 $29.1 $330.4 $298.4 $311.9 $264.0 53% $24M YoY $5.1 $3.6 $5.7 YoY ($0.6) Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 EBITDA (IN MILLION
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) $143.7 $41.3 $115.4 $105.3 $29.0 $90.1 $37.2 28.7% Revenue $70.6 more than $21.7 25.2% Gross $25.8 doubled and profit more $18.0 $16.1 $12
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) $106.9 $13.1 $13.4 $13.0 $76.8 $79.4 $79.4 $72.9 $10.8 $11.4 Revenue increased Gross 47% vs. profit in $9.0 $9.2 $6.5 $6.5 $7.9 17.9% 17.4% lin
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) $153.3 $23.3 $135.5 $22.4 $131.4 $127.2 $20.6 $21.1 $20.3 $120.4 Revenue $11.7 increased Gross $9.6 $9.7 27% vs. 17.1% 16.0% 15.9
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) $39.5 $37.5 $12.6 $33.1 $33.2 $33.8 $11.7 $10.8 $9.6 $9.6 $10.1 $8.9 Increase SG&A $8.7 mainly driven by $8.7 $7.4 increased $7.5 $6.6 $6.8 $6.6 higher borrowing 13% vs. rates
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) $30.2 $346.8 $317.2 $23.0 Cash used $284.5 $19.9 $265.3 $17.6 in operating activities was $3.7 $219.9 Increase vs. YE million for Q1 ’22 2021 mainly due due to higher to the significant
Slide 9: Appendix
APPENDIX a J i : =
Slide 10: Leader in Advanced Technologies to Address CO2 Reduction
LEADER IN ADVANCED TECHNOLOGIES TO ADDRESS CO2 REDUCTION CO2 REDUCTION AMG’S ENABLED CO2 EMISSION REDUCTIONS A GLOBAL IMPERATIVE (Million MT) FOR THE 21ST CENTURY 2021 79.0 AMG: ENABLING TECHNOLOGIES 2020 56.6 * Products and processes saving CO2 emissions during use (e.g., light-weighting and fuel e
Slide 11: Quarterly Revenue Drivers
QUARTERLY REVENUE DRIVERS CLEAN ENERGY MATERIALS SEGMENT RESULTS KEY DRIVERS Q1 2022 Q1 2021 Price Volume Vanadium Revenue $143.7 $70.6 Spodumene Gross Profit * $41.3 $13.4 Tantalum CRITICAL MINERALS SEGMENT RESULTS KEY DRIVERS Q1 2022 Q1 2021 Price Volume Revenue Graphite $106.9 $72.9 Silicon Gross
Slide 12: Critical Materials — Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q1 Q1 APR 27, 2022 Q1 ‘22 VS. Q1 ‘21 SPOT VS. Q1 ‘22 MATERIALS 2021 2022 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) $14.60 $22.49 $33.00 54% 47% CRU Molybdenum ($/lb) $11.36 $19.09 $19.25 68% 1% S&P Global Platts Nickel ($/MT) $17,570 $27,944 $32
Slide 13: Critical Materials — Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG APR 27, 2022 AVG ‘21 VS. AVG SPOT VS. AVG MATERIALS 2020 2021 SPOT ‘20 % CHANGE ‘21 % CHANGE Ferrovanadium ($/lb) $10.81 $15.81 $33.00 46% 109% CRU Molybdenum ($/lb) $8.67 $15.98 $19.25 84% 20% S&P Global Platts Nickel ($/MT) $13,788 $18
Slide 14: Net Income to EBITDA Reconciliation
NET INCOME TO EBITDA RECONCILIATION (000’s USD) Q1 2022 Q1 2021 Net income $29,884 $5,678 Income tax benefit (1,489) (910) Net finance cost 8,919 8,654 Equity-settled share-based payment transactions 1,380 1,114 Restructuring expense 141 67 Inventory cost adjustment – (333) Strategic project expense
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