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Amg Critical Materials — AMG Advanced Metallurgical Group — Shareholder Meeting (May 2020)
10 slides from Amg Critical Materials's shareholder meeting presentation, May 2020
Slide 1: Enabling the Circular Economy
ENABLING THE CIRCULAR ECONOMY FINANCIAL PRESENTATION | MAY 2020 ANNUAL GENERAL MEETING 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: 2019 Financial Review and Q1 2020 Financial Highlights
2019 Financial Review Financial Highlights 4 Financial Data & ROCE 5 Q1 2020 Financial Highlights Financial Highlights 7 Operational Update 9
Slide 4: Divisional Financial Highlights – FY 2019 vs. FY 2018
DIVISIONAL FINANCIAL HIGHLIGHTS – FY 2019 VS. FY 2018 REVENUE ADJUSTED GROSS MARGIN FY 2019 $1,188.6 MILLION FY 2019 18.0% FY 2018 $1,310.3 MILLION FY 2018 24.5% AMG Critical $762.5 FY 2019 AMG Critical 14.5% Materials $873.4 FY 2018 Materials 22.7% AMG $426.1 FY 2019 AMG 24.3% Technologies $436.8 F
Slide 5: 5-Year Trend: EBITDA & ROCE
5-YEAR TREND: EBITDA & ROCE EBITDA (IN MILLIONS OF US DOLLARS) $217.1 • 2019 EBITDA is down 44% largely due to the unprecedented fall in $125.5 $121.4 $100.7 44% critical materials prices $75.6 YoY across the AMG portfolio during the year 2015 2016 2017 2018 2019 Annualized ROCE 35.4% • 2019 annuali
Slide 6: 5-Year Trend: Net Debt & Operating Cash Flow
5-YEAR TREND: NET DEBT & OPERATING CASH FLOW NET DEBT (CASH) (IN MILLIONS OF US DOLLARS) $162.9 • Net debt at year end: $162.9 million AMG Returned $87.8 Over $100M to • AMG’s primary debt Shareholders facility is a $650 million During 2019 multicurrency term loan $7.3 $10.3 and revolving credit fac
Slide 7: Q1 2020 Financial Highlights
Q1 2020 FINANCIAL HIGHLIGHTS Revenue: $278M • AMG Critical Materials segment provided 57% of the Company’s revenue for the quarter and AMG Technologies generated 43%. • Revenue was down relative to the prior year mainly due to the decline in metal prices across the portfolio, especially vanadium. •
Slide 8: Q1 2020 Financial Highlights by Segment
Q1 2020 FINANCIAL HIGHLIGHTS AMG Critical • Revenue: $159.2 million Materials • Adjusted gross profit: $20.0 million • 13% decrease in SG&A versus Q1 2019 • Revenue: $119.1 million A M G Te c h n o l o g i e s • Adjusted gross profit: $23.1 million • 9% increase in order backlog March 31, 2020 • Cas
Slide 9: Operational Update 2019 – Current
OPERATIONAL UPDATE 2019 – CURRENT AMG Critical Materials • Began the construction of a new catalyst recycling facility in Ohio which will essentially double our spent catalyst recycling capacity to 60,000 tons; to finance the expansion, AMG closed on a tax-exempt bond, generating proceeds of $325 mi
Slide 10: Operational Update 2019 – Current (cont.)
OPERATIONAL UPDATE 2019 – CURRENT AMG Critical Materials (cont.) • Signed a memorandum of understanding with the Saudi Arabian General Investment Authority and Shell Overseas Services Ltd. to explore the feasibility of building a world- class facility to reclaim vanadium and other valuable metals by
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