Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Investor Presentation (May 2024)
21 slides from Amg Critical Materials's investor presentation, May 2024
Slide 1: The Energy of Nature
AMG CRITICAL MATERIALS N.V. THE ENERGY OF NATURE Investor Presentation | Company Description 2024 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: AMG: A Critical Materials Company
AMG: A CRITICAL MATERIALS COMPANY GLOBAL TRENDS CO2 emission reduction, circular economy, population growth, increasing affluence, and energy efficiency DEMAND Innovative new products that promote CO2 reduction, including materials with higher energy density and higher temperature resistance, as wel
Slide 4: 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 5: AMG at a Glance
AMG AT A GLANCE FY 2023 REVENUE 28% Europe 48% Transportation 25% AMG Lithium BY 17% Specialty Metals BY 32% North America BY END SEGMENT & Chemicals REGION MARKET 44% AMG Vanadium 20% Infrastructure 36% Asia 31% AMG Technologies 15% Energy 4% ROW AMG IS A GLOBAL SUPPLIER OF CRITICAL MATERIALS TO: E
Slide 6: AMG Business Segments
AMG BUSINESS SEGMENTS AMG LITHIUM AMG VANADIUM AMG TECHNOLOGIES Value chain spanning the lithium Market leader in recycling Established world market leader in industry, from mining to solid-state vanadium from oil refining residues advanced metallurgy & engineering lithium batteries • Vacuum furnace
Slide 7: Strong Fundamentals, Adaptive to Global Disruption
STRONG FUNDAMENTALS, ADAPTIVE TO GLOBAL DISRUPTION • In November 2021, AMG entered into a new $350 million 7-year senior secured term loan B facility (“term OPTIMIZED loan”) and a $200 million 5-year senior secured revolving credit facility (“revolver”). The total facility CAPITAL amount of $550 mil
Slide 8: Strategy
STRATEGY AMG’s strategy is to build its critical materials business through process innovation and product development focusing on CO2 reduction EXPANSION OF EXISTING PROCESS INNOVATION & HIGH-GROWTH BUSINESSES PRODUCT DEVELOPMENT CO2 REDUCTION Pursue opportunities in Continue to focus on process in
Slide 9: Critical Raw Materials: AMG Presence
CRITICAL RAW MATERIALS: AMG PRESENCE US Critical Materials EU Critical Materials Rhodium Bismuth PGMs AMG has a Zirconium Hafnium Beryllium Feldspar unique critical Ruthenium Niobium materials portfolio Fluorspar Cobalt Scandium comprised of Antimony 11 EU critical Arsenic Phosphorus Chromium Heavy
Slide 10: AMG Global Footprint
AMG GLOBAL FOOTPRINT Rotherdam Cr U.K. New Castle East Windsor C Si Ti Cr Ti (PA), USA Eng (CT), USA HTS Limbach GERMANY U.K. GERMANY Eng Hanau GERMANY U.S.A. FRANCE Mo V Ni CHINA C Port Huron HTS (MI), USA Sb Suzhou CHINA Grenoble Mumbai Eng Eng HTS Eng FRANCE INDIA SRI Mexico City LANKA HTS MEXICO
Slide 11: Health and Safety Focus
HEALTH AND SAFETY FOCUS Safety Indicators AMG compares itself to the industry average for Primary Metal Manufacturing (NAICS 331). The most recent data provided in 2022 by the United States Bureau of Labor Statistics reports that the Primary Metal Manufacturing industry’s total recordable case rate
Slide 12: AMG Lithium – Market Trends
AMG LITHIUM – MARKET TRENDS BUSINESS UNIT MAJOR END MARKETS MARKET TRENDS MAJOR CUSTOMERS COMMUNICATIONS & AMG BRAZIL MICRO CAPACITORS, ELECTRONICS TANTALUM & NIOBIUM SUPERALLOYS FUEL EFFICIENCY AMG LITHIUM RENEWABLE ENERGY LITHIUM CONCENTRATE BATTERIES (SPODUMENE) COMMUNICATIONS & LITHIUM HYDROXIDE
Slide 13: AMG Vanadium – Market Trends
AMG VANADIUM – MARKET TRENDS BUSINESS UNIT MAJOR END MARKETS MARKET TRENDS MAJOR CUSTOMERS AMG VANADIUM INFRASTRUCTURE GROWTH FERROVANADIUM INFRASTRUCTURE FERRONICKEL- VANADIUM REDOX FLOW MOLYBDENUM BATTERIES AMG TITANIUM FUEL EFFICIENCY AEROSPACE TITANIUM ALLOYS ENERGY SAVING AEROSPACE, AMG CHROME
Slide 14: AMG Technologies – Market Trends
AMG TECHNOLOGIES – MARKET TRENDS BUSINESS UNIT MAJOR END MARKETS MARKET TRENDS MAJOR CUSTOMERS AMG ENGINEERING AEROSPACE, FUEL EFFICIENCY CAPITAL GOODS AUTOMOTIVE ELECTRONICS (VACUUM FURNACES) AMG ENGINEERING AEROSPACE, VACUUM HEAT FUEL EFFICIENCY AUTOMOTIVE TREATMENT SERVICES AMG GRAPHITE EXPANDED
Slide 15: Financial Highlights
FINANCIAL HIGHLIGHTS Vanadium electrolyte project - Nuremberg, Germany 15
Slide 16: FY 2023 at a Glance
FY 2023 AT A GLANCE AMOUNTS IN $M FY 2023 FY 2022 % CHANGE (EXCEPT EARNINGS PER SHARE) Revenue $1,625.9 $1,642.8 (1%) Gross Profit $389.4 $409.5 (5%) AMG achieved record-setting Gross Margin % 24.0% 24.9% (4%) adjusted EBITDA in 2023 of $350 million EBITDA $350.5 $342.6 2% Cash from operating EBITDA
Slide 17: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2023 DECEMBER 31, 2022 IN MILLIONS OF US DOLLARS Fixed assets $921.2 $797.6 Goodwill and intangibles 40.3 41.4 Derivative financial instruments 26.2 33.0 Equity-accounted investees 18.3 – Other non-current assets 77.1 75.2 Restricted cash 1.5 6.9 Invento
Slide 18: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2023 DECEMBER 31, 2022 IN MILLIONS OF US DOLLARS Revenue $1,625.9 $1,642.8 Cost of sales (1,236.5) (1,233.3) Gross profit 389.4 409.5 Selling, general & administrative (178.2) (148.0) Other income, net 10.6 45.6 Operating profit 221.8 307
Slide 19: Consolidated Statement of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2023 DECEMBER 31, 2022 IN MILLIONS OF US DOLLARS EBITDA $350.5 $342.6 Change in working capital and deferred revenue 58.2 (123.3) Other operating cash flow (61.5) 13.4 Cash generated from operating activities 347.2 232.7 Finance co
Slide 20: Profit to EBITDA Reconciliation
PROFIT TO EBITDA RECONCILIATION FOR THE YEAR ENDED DECEMBER 31, 2023 DECEMBER 31, 2022 (000’s USD) Profit for the period $102,288 $190,771 Income tax expense 95,002 84,097 Net finance cost 20,739 30,941 Equity-settled share-based payment transactions 5,799 5,552 Restructuring expense 9,223 582 Pensi
Slide 21: 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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