Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q3 2023 Earnings Presentation
15 slides from Amg Critical Materials's earnings presentation, Nov 3, 2023
Slide 1: Critical Materials for a Sustainable Planet
CRITICAL MATERIALS FOR A SUSTAINABLE PLANET Investor Presentation | Third Quarter 2023 AMG CRITICAL MATERIALS N.V. 1
Slide 2: Cautionary Note
CAUTIONARY NOTE This document contains proprietary information and is being provided solely for information purposes by AMG Critical Materials 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, exc
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS REVENUE (IN MILLIONS OF US DOLLARS) NET INCOME ATTRIBUTABLE TO SHAREHOLDERS (IN MILLIONS OF US DOLLARS) $424.8 $450.6 $439.3 $68.1 $390.0 $368.7 $60.7 $56.2 $42.8 13% $68M YoY YoY $0.2 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 EBITDA (IN MILLIONS OF U
Slide 4: AMG Clean Energy Materials Financial Highlights
AMG CLEAN ENERGY MATERIALS FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $219.1 $208.5 $109.0 $188.3 $96.0 $176.1 $106.1 $86.5 $96.0 $140.3 $81.6 $83.7 $80.3 Revenue Gross decreased profit $39.2 25% vs. decreased Q3 ‘22 45.9% 46.3% 49.7% 4
Slide 5: AMG Critical Minerals Financial Highlights
AMG CRITICAL MINERALS FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $84.9 $19.0 $69.2 $62.9 $57.3 Revenue $52.6 Gross profit decreased vs. Q3 ‘22 was $6 million $14.0 higher vs. Q3 ‘22 $7.3 largely due to lower 27.5% $7.3 $7.8 due to the h
Slide 6: AMG Critical Materials Technologies Financial Highlights
AMG CRITICAL MATERIALS TECHNOLOGIES FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $175.8 $173.6 $168.6 $24.9 $25.6 $23.6 $23.7 $19.4 $151.6 EBITDA Q3 ‘23 increased gross profit $144.7 increased by 15% vs. 16.5% Q3 ‘22 13.4% 14.0% 13.7% 14.
Slide 7: Key Corporate Income Statement Items
KEY CORPORATE INCOME STATEMENT ITEMS SG&A EXPENSES (IN MILLIONS OF US DOLLARS) NET FINANCE COSTS (INCOME) (IN MILLIONS OF US DOLLARS) $49.4 $14.0 $42.8 $40.4 $36.9 $36.6 $21.5 $9.3 $13.3 $15.5 Variance $11.6 $11.9 SG&A $7.3 $6.6 driven by foreign increased $6.8 $7.2 $7.5 $7.1 16% vs. exchange gains
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) $93.4 $368.4 $329.9 $320.5 $74.7 $310.6 $279.9 $57.0 $60.0 $50M $48M $24.9 YoY YoY Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 ANNUALIZED ROCE WORKING CAPITAL
Slide 9: Appendix
APPENDIX LiVa Power Management Systems GmbH – Frankfurt, Germany 9
Slide 10: AMG Provides Critical Materials and Related Process Technologies to Advance a Less Carbon-Intensive World
AMG PROVIDES CRITICAL MATERIALS AND RELATED PROCESS TECHNOLOGIES TO ADVANCE A LESS CARBON-INTENSIVE WORLD A GLOBAL IMPERATIVE AMG’S ENABLED CO2 EMISSION REDUCTIONS FOR THE 21ST CENTURY (Million MT) AMG: 2022 99.4 ENABLING TECHNOLOGIES Products and processes saving 2021 79.0 CO2 emissions during use
Slide 11: Quarterly Revenue Drivers
QUARTERLY REVENUE DRIVERS CLEAN ENERGY MATERIALS SEGMENT RESULTS KEY DRIVERS Q3 2023 Q3 2022 Price Volume Vanadium Revenue $140.3 $188.3 Spodumene Gross Profit $34.3 $86.5 Tantalum CRITICAL MINERALS SEGMENT RESULTS KEY DRIVERS Q3 2023 Q3 2022 Price Volume Revenue Graphite $52.6 $84.9 Silicon Gross P
Slide 12: Critical Materials — Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q3 Q3 NOV 1, 2023 Q3 ‘23 VS. Q3 ‘22 SPOT VS. Q3 ‘23 MATERIALS 2022 2023 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) $23.07 $16.31 $14.65 (29%) (10%) CRU Molybdenum ($/lb) $16.23 $23.79 $17.88 47% (25%) S&P Global Platts Nickel ($/MT) $22,053 $20,3
Slide 13: Critical Materials — Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG NOV 1, 2023 AVG ‘22 VS. AVG SPOT VS. AVG MATERIALS 2021 2022 SPOT ‘21 % CHANGE ‘22 % CHANGE Ferrovanadium ($/lb) $15.81 $23.89 $14.65 51% (39%) CRU Molybdenum ($/lb) $15.98 $18.91 $17.88 18% (5%) S&P Global Platts Nickel ($/MT) $18,500 $
Slide 14: Profit for the Period to Adjusted EBITDA Reconciliation
PROFIT FOR THE PERIOD TO ADJUSTED EBITDA RECONCILIATION (000’s USD) Q3 2023 Q3 2022 Profit for the period $1,002 $68,339 Income tax expense 12,565 38,603 Net finance cost 9,295 13,988 Equity-settled share-based payment transactions 1,392 1,386 Restructuring expense 2,745 11 Net contract settlements
Slide 15: Everything that will be recycled.
LIVA BATTERY LITHIUM HYDROXIDE – BITTERFELD, GERMANY LITHIUM LAB This announcement appears as a matter of record. ENGINEERING – HANAU, GERMANY AMG’s LAW: “Everything that can be recycled will be recycled.” MELTSHOP – ZANESVILLE, OHIO AMG Critical Materials N.V. amg-nv.com VANADIUM, MOLYBDENUM AND NI
AMG Critical Materials — Q3 2023 Earnings Presentation on 6ix