Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q1 2024 Earnings Presentation
15 slides from Amg Critical Materials's earnings presentation, May 31, 2024
Slide 1: The Energy of Nature - Investor Presentation Q1 2024
THE ENERGY OF NATURE Investor Presentation | First Quarter 2024 Investor Presentation | Fourth 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: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS REVENUE (IN MILLIONS OF US DOLLARS) NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS (IN MILLIONS OF US DOLLARS) $450.6 $56.2 $439.3 $42.8 $368.7 $367.2 $358.2 21% $2.2 $72.5M $0.2 YoY YoY ($16.3) Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 ADJU
Slide 4: AMG Lithium Financial Highlights
AMG LITHIUM FINANCIAL HIGHLIGHTS REVENUE & ADJUSTED EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $130.7 $133.5 $92.0 $90.0 $89.8 $86.3 $82.1 Gross $62.3 Revenue 70.4% 67.4% profit $41.6 decreased decreased $29.6 $30.8 68% vs. $87 Q1 ‘23 $26.8 million vs. $5.8 $20.6 42.
Slide 5: AMG Vanadium Financial Highlights
AMG VANADIUM FINANCIAL HIGHLIGHTS REVENUE & ADJUSTED EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $194.3 $26.4 $180.9 $174.4 $161.7 $165.1 $29.5 $17.2 $17.2 $16.2 $17.6 Revenue Gross $20.3 decreased profit $15.7 $15.1 $14.4 vs. Q1 ‘23 decreased largely due 13.6% $9 mil
Slide 6: AMG Technologies Financial Highlights
AMG TECHNOLOGIES FINANCIAL HIGHLIGHTS REVENUE & ADJUSTED EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT (IN MILLIONS OF US DOLLARS) $151.4 $24.3 $131.9 $22.9 $125.6 $125.0 $123.5 $21.4 $20.3 $18.4 Gross Adjusted profit $10.9 $10.6 EBITDA 17.0% 17.3% $9.1 16.2% 14.9% 16.1% increased $8.0 increased $
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 $14.5 $45.6 $44.7 $40.4 $42.8 $9.9 $10.2 $12.6 $10.6 $9.3 $8.4 Variance $20.3 SG&A $6.6 $7.3 driven by $13.3 $13.5 $12.8 $13.8 increased foreign $4 million exch
Slide 8: Cash Flow and Working Capital
CASH FLOW AND WORKING CAPITAL CASH FROM (USED IN) OPERATING ACTIVITIES (IN MILLIONS OF US DOLLARS) NET DEBT (IN MILLIONS OF US DOLLARS) $93.4 $381.4 $310.6 $320.5 $322.8 $60.0 $279.9 $44.5 $24.9 $71M $108M YoY YoY ($14.9) Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 ANNUALIZ
Slide 9: Appendix
APPENDIX Lithium Hydroxide battery-grade refinery - Bitterfeld, 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: 2023 110.3 ENABLING TECHNOLOGIES 2022 99.4 Products and processes saving CO2 emissions during use
Slide 11: Quarterly Revenue Drivers
QUARTERLY REVENUE DRIVERS LITHIUM SEGMENT RESULTS KEY DRIVERS Q1 2024 Q1 2023 Price Volume Revenue $41.6 $130.7 Spodumene Gross Profit $5.3 $92.0 Tantalum VANADIUM SEGMENT RESULTS KEY DRIVERS Price Volume Q1 2024 Q1 2023 Vanadium Revenue $165.1 $194.3 Titanium Alloys Gross (Loss) Profit $17.6 $26.4
Slide 12: Critical Materials - Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q1 Q1 APR 30, 2024 Q1 ‘24 VS. Q1 ‘23 SPOT VS. Q1 ‘24 MATERIALS 2023 2024 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) $19.35 $12.90 $12.95 (33%) – CRU Molybdenum ($/lb) $32.41 $19.93 $20.55 (39%) 3% S&P Global Platts Nickel ($/MT) $25,968 $16,584 $
Slide 13: Critical Materials - Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG APR 30, 2024 AVG ‘23 VS. AVG SPOT VS. AVG MATERIALS 2022 2023 SPOT ‘22 % CHANGE ‘23 % CHANGE Ferrovanadium ($/lb) $23.89 $17.05 $12.95 (29%) (24%) CRU Molybdenum ($/lb) $18.91 $24.03 $20.55 27% (14%) S&P Global Platts Nickel ($/MT) $25,9
Slide 14: (Loss) Profit for the Period to Adjusted EBITDA Reconciliation
(LOSS) PROFIT FOR THE PERIOD TO ADJUSTED EBITDA RECONCILIATION (000’s USD) Q1 2024 Q1 2023 (Loss) profit for the period ($15,295) 56,447 Income tax expense 2,748 35,927 Net finance cost 14,548 6,617 Equity-settled share-based payment transactions 1,453 1,469 Restructuring expense (reversal) 644 (263
Slide 15: Everything that will be recycled
LITHIUM HYDROXIDE – BITTERFELD, GERMANY LIVA BATTERY LITHIUM LAB MINAS GERAIS – BRAZIL LITHIUM TAILINGS 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.
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