Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q4 2020 Earnings Presentation
12 slides from Amg Critical Materials's earnings presentation, Feb 26, 2021
Slide 1: Enabling the Circular Economy
ENABLING THE CIRCULAR ECONOMY INVESTOR PRESENTATION | FOURTH 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) $268.6 $278.3 $253.5 $207.6 $197.7 Revenue ($2.8) decrease due 80% to lower sales YoY in AMG Technologies ($12.5) ($12.8) ($14.2) ($13.6) Q4 '19 Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q4 '
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) $170.2 $171.4 $21.7 $21.8 $159.2 $20.0 Revenue in $127.4 line with Q4 $117.7 $13.9 ‘19 and $12.2 1% EBITDA increased by YoY $13.1 $16.4 $9.7 $
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 $23.1 $98.4 $22.2 $80.2 $80.0 $82.1 Revenue decreased due Lower to pandemic- $12.7 $13.7 profitability was driven lower & $11.1 largely due t
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 $34.9 $6.1 $6.3 $29.6 $5.4 $27.2 $26.1 SG&A $4.5 $4.9 $17.4 $16.1 $14.0 expenses 21% $12.8 $12.7 decreased YoY by 30% vs. $19.8 $18.8 $15.6 Q4 ‘19 $14.4 $13.4 Q4 '19 Q1
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 $287.9 $255.3 Significant investment in Operating cash $192.4 $209.3 growth initiatives, $20.3 flow decreased by $162.9 $11.4 80% vs. Q4 ‘19 due especially the to increased vanadi
Slide 8: Critical Materials — Quarterly Revenue Drivers
CRITICAL MATERIALS — QUARTERLY REVENUE DRIVERS Q4 ‘20 REV Q4 ‘19 REV SEGMENT ($M) ($M) VOLUME PRICE • AMG Critical Materials’ total revenue increased Vanadium $20.0 $37.3 slightly in the fourth quarter by $1.2 million, or 1%, to $171.4 million Aluminum $30.3 $32.1 • The increase was largely driven b
Slide 9: Appendix
APPENDIX
Slide 10: Critical Materials — Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q4 Q4 FEB 17, 2021 Q4 ‘20 VS. Q4 ‘19 SPOT VS. Q4 ‘20 MATERIALS 2019 2020 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) 1 $11.93 $10.51 $15.25 (12%) 45% Molybdenum ($/lb) $9.63 $9.02 $11.95 (6%) 32% Nickel ($/MT) $15,446 $15,930 $18,704 3% 17% Alumin
Slide 11: Critical Materials — Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG FEB 17, 2021 AVG ‘20 VS. AVG SPOT VS. AVG MATERIALS 2019 2020 SPOT ‘19 % CHANGE ‘20 % CHANGE Ferrovanadium ($/lb) 1 $21.95 $10.81 $15.25 (51%) 41% Molybdenum ($/lb) $11.43 $8.67 $11.95 (24%) 38% Nickel ($/MT) $13,933 $13,788 $18,704 (1%)
Slide 12: Net Loss to EBITDA Reconciliation
NET LOSS TO EBITDA RECONCILIATION (000’s USD) Q4 2020 Q4 2019 FY 2020 FY 2019 Loss for the year ($2,613) ($14,083) ($42,460) ($48,586) Income tax (benefit) expense (4,950) 938 11,184 (5,119) Net finance cost * 5,956 5,920 23,524 27,626 Equity-settled share-based (2,164) 1,422 3,792 5,514 payment tra
AMG Critical Materials — Q4 2020 Earnings Presentation on 6ix