Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q2 2022 Earnings Presentation
16 slides from Amg Critical Materials's earnings presentation, Jul 29, 2022
Slide 1: Accelerating the Energy Transition
ACCELERATING THE ENERGY TRANSITION Investor Presentation | Second Quarter 2022 AMG ADVANCED METALLURGICAL GROUP N.V. 1
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 REVENUE (IN MILLIONS OF US DOLLARS) NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS (IN MILLIONS OF US DOLLARS) $424.1 $403.9 $29.6 $29.1 $330.4 $298.4 $311.9 42% $26M YoY $3.6 $5.7 YoY ($0.6) Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 EBITDA (IN MILLIO
Slide 4: AMG Clean Energy Materials Financial Highlights
AMG CLEAN ENERGY MATERIALS FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT EXCLUDING EXCEPTIONAL ITEMS (IN MILLIONS OF US DOLLARS) $159.8 $61.7 $143.7 $115.4 $58.2 $105.3 $90.1 $41.3 $37.2 EBITDA Gross $25.8 increased profit $29.0 $18.0 364% vs. increased $12.6 Q2 ‘21
Slide 5: AMG Critical Minerals Financial Highlights
AMG CRITICAL MINERALS FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT EXCLUDING EXCEPTIONAL ITEMS (IN MILLIONS OF US DOLLARS) $106.9 $103.4 $13.4 $14.0 $13.0 $76.8 $79.4 $79.4 $10.8 $11.4 Revenue increased Gross $9.2 $9.1 35% vs. 17.4% profit up 5% $6.5 $6.5 $7.9 Q2 ‘2
Slide 6: AMG Critical Materials Technologies Financial Highlights
AMG CRITICAL MATERIALS TECHNOLOGIES FINANCIAL HIGHLIGHTS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) GROSS PROFIT EXCLUDING EXCEPTIONAL ITEMS (IN MILLIONS OF US DOLLARS) $153.3 $160.9 $27.4 $131.4 $135.5 $23.3 $127.2 $22.4 $21.1 $20.3 $13.8 EBITDA $11.7 increased Gross $9.6 $8.5 $9.7 44% vs. profit
Slide 7: 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) $39.5 $37.5 $37.0 $12.6 $33.2 $33.8 $12.2 $11.7 $10.8 $11.1 $9.6 $10.1 Increase SG&A $8.9 mainly driven $8.7 $7.4 $7.0 $6.8 $6.6 increased $7.5 by non-cash 11% vs. intergroup
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) $39.5 $30.2 $346.8 $364.8 $23.0 Cash from Increase $284.5 $17.6 operating $265.3 vs. YE 2021 activities was $219.9 mainly due to $39.5 million for the significant Q2 ‘22 due to investme
Slide 9: Appendix
APPENDIX a i : =
Slide 10: Leader in Advanced Technologies to Address CO2 Reduction
LEADER IN ADVANCED TECHNOLOGIES TO ADDRESS CO2 REDUCTION CO2 REDUCTION AMG’S ENABLED CO2 EMISSION REDUCTIONS A GLOBAL IMPERATIVE (Million MT) FOR THE 21ST CENTURY 2021 79.0 AMG: ENABLING TECHNOLOGIES 2020 56.6 * Products and processes saving CO2 emissions during use (e.g., light-weighting and fuel e
Slide 11: Quarterly Revenue Drivers
QUARTERLY REVENUE DRIVERS CLEAN ENERGY MATERIALS SEGMENT RESULTS KEY DRIVERS Q2 2022 Q2 2021 Price Volume Vanadium Revenue $159.8 $90.1 Spodumene Gross Profit * $61.7 $16.1 Tantalum CRITICAL MINERALS SEGMENT RESULTS KEY DRIVERS Q2 2022 Q2 2021 Price Volume Revenue Graphite $103.4 $76.8 Silicon Gross
Slide 12: Critical Materials — Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q2 Q2 JUL 20, 2022 Q2 ‘22 VS. Q2 ‘21 SPOT VS. Q2 ‘22 MATERIALS 2021 2022 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) $16.34 $30.53 $24.50 87% (20%) CRU Molybdenum ($/lb) $14.08 $18.47 $15.75 31% (15%) S&P Global Platts Nickel ($/MT) $17,359 $28,92
Slide 13: Critical Materials — Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG JUL 20, 2022 AVG ‘21 VS. AVG SPOT VS. AVG MATERIALS 2020 2021 SPOT ‘20 % CHANGE ‘21 % CHANGE Ferrovanadium ($/lb) $10.81 $15.81 $24.50 46% 55% CRU Molybdenum ($/lb) $8.67 $15.98 $15.75 84% (1%) S&P Global Platts Nickel ($/MT) $13,788 $18
Slide 14: Lithium Carbonate vs Spodumene Prices
LITHIUM CARBONATE VS SPODUMENE PRICES (ASIAN METAL MARKET SPOT) BG Carbonate BG Carb Qtr Avg Spodumene Spod Qtr Avg $90,000 $5,000 Q3 2021 Q4 2021 Q1 2022 Q2 2022 $75,000 $66,499 $4,000 Lithium Carbonate $ / MT $71,583 $3,877 Spodumene $ / MT $60,000 $3,000 $45,000 $2,716 $32,577 $2,000 $30,000 $1,9
Slide 15: EBITDA by Origin and Destination
EBITDA BY ORIGIN AND DESTINATION YTD 2022 EBITDA CLEAN ENERGY MATERIALS YTD 2022 EBITDA by Origin by Destination Business Unit Location Mineração Brazil Americas Vanadium US 25.2% CRITICAL MINERALS Americas Business Unit Location 70.1% Antimony France Graphite Germany Asia Silicon Germany 57.8% CRIT
Slide 16: Net Income to EBITDA Reconciliation
NET INCOME TO EBITDA RECONCILIATION (000’s USD) Q2 2022 Q2 2021 Net income $29,879 $4,272 Income tax expense (benefit) 23,156 (5,580) Net finance cost 12,211 4,761 Equity-settled share-based payment transactions 1,372 1,194 Restructuring expense 41 334 Inventory cost adjustment – 1,497 Asset impairm
AMG Critical Materials — Q2 2022 Earnings Presentation on 6ix