Amg Critical Materials N.v. · EURONEXT:AMG

Amg Critical Materials — AMG Advanced Metallurgical Group — Q3 2020 Earnings Presentation

13 slides from Amg Critical Materials's earnings presentation, October 2020

  1. Slide 1: Enabling the Circular Economy

    ENABLING THE CIRCULAR ECONOMY INVESTOR PRESENTATION | THIRD QUARTER 2020 AMG ADVANCED METALLURGICAL GROUP N.V.

  2. 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

  3. Slide 3: Financial Highlights

    FINANCIAL HIGHLIGHTS NET LOSS ATTRIBUTABLE TO SHAREHOLDERS REVENUE (IN MILLIONS OF US DOLLARS) (IN MILLIONS OF US DOLLARS) $269.9 $268.6 $278.3 Revenue $207.6 $197.7 Q3 2019 decrease due impacted by to pandemic- inventory induced lower cost ($12.5) ($12.8) volumes & ($14.2) ($13.6) adjustments low p

  4. 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) $165.2 $170.2 $159.2 $20.4 $21.7 Revenue $20.0 decreased Lower prices & $127.4 $13.9 volumes partially $117.7 largely due to pandemic- $12.2 o

  5. 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 $104.6 $98.4 $26.6 $22.2 $23.1 $80.2 $80.0 Revenue Lower decreased due profitability was to pandemic- largely due to driven lower $12.7 slowd

  6. 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) $35.1 $37.2 $34.9 $6.1 $6.3 $29.6 $5.9 $5.4 $27.2 SG&A $15.5 $17.4 $16.1 $4.5 $14.0 expenses 23% $12.8 decreased YoY by 16% vs. $19.6 $19.8 $18.8 $15.6 Q3 ‘19 $14.4 Q3 '19 Q4

  7. 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 $255.3 $209.3 Significant Operating cash $192.4 investment in $20.3 flow decreased by $154.0 $162.9 growth initiatives, $3.5 million vs. Q3 especially the ’19 due to lower vanadiu

  8. Slide 8: Critical Materials — Quarterly Revenue Drivers

    CRITICAL MATERIALS — QUARTERLY REVENUE DRIVERS Q3 ‘20 REV Q3 ‘19 REV SEGMENT ($M) ($M) VOLUME PRICE • AMG Critical Materials total revenue decreased in Vanadium $20.7 $23.7 the third quarter by $47.5 million, or 29%, to $117.7 million Aluminum $23.1 $34.9 • The decrease was largely driven by lower a

  9. Slide 9: Appendix

    APPENDIX 9

  10. Slide 10: Critical Materials — Average Quarterly Market Prices

    CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q3 ‘20 VS. Q3 ‘20 VS. Q3 Q4 Q1 Q2 Q3 MATERIALS Q3 ‘19 % Q2 ‘20 % 2019 2019 2020 2020 2020 CHANGE CHANGE Ferrovanadium ($/lb) 1 $15.36 $11.50 $12.33 $10.37 $9.88 (36%) (5%) Molybdenum ($/lb) $11.84 $9.57 $9.65 $8.37 $7.71 (35%) (8%) Nickel ($/MT) $

  11. Slide 11: Critical Materials — Full Year and Current Spot Prices

    CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG OCT 23, 2020 AVG ‘19 VS. AVG SPOT VS. AVG MATERIALS 2018 2019 SPOT ‘18 % CHANGE ‘19 % CHANGE Ferrovanadium ($/lb) 1 $38.70 $22.00 $10.25 (43%) (53%) Molybdenum ($/lb) $11.94 $11.43 $8.55 (4%) (25%) Nickel ($/MT) $13,118 $13,933 $14,271 6

  12. Slide 12: Net Loss to EBITDA Reconciliation

    NET LOSS TO EBITDA RECONCILIATION (000’s USD) Q3 2020 Q3 2019 Net loss (13,644) (18,021) Income tax expense 32 1,541 Net finance cost * 5,431 6,276 Equity-settled share-based payment 3,212 1,363 transactions Restructuring expense 528 732 Inventory cost adjustment 4,867 21,112 Asset impairment expens

  13. Slide 13: Segmental Realignment

    SEGMENTAL REALIGNMENT AMG Clean Energy Critical Materials Critical Minerals Materials Technologies Vanadium Antimony Engineering Tantalum Silicon Titanium Alloys Lithium Graphite Chrome Metal 13

AMG Advanced Metallurgical Group — Q3 2020 Earnings Presentation on 6ix