Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q1 2020 Earnings Presentation
12 slides from Amg Critical Materials's earnings presentation, May 15, 2020
Slide 1: Enabling the Circular Economy
ENABLING THE CIRCULAR ECONOMY INVESTOR PRESENTATION | FIRST QUARTER 2020 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: Financial Highlights
FINANCIAL HIGHLIGHTS NET (LOSS) INCOME ATTRIBUTABLE TO SHAREHOLDERS REVENUE (IN MILLIONS OF US DOLLARS) (IN MILLIONS OF US DOLLARS) $14.8 $346.5 $303.6 Revenue Lower profit $269.9 $268.6 $278.3 decrease due and a $11.7M non-cash to a deferred tax significant charge from metal price ($14.2) ($13.6) (
Slide 4: AMG Critical Materials Financial Highlights
AMG CRITICAL MATERIALS FINANCIAL HIGHLIGHTS GROSS PROFIT EXCLUDING EXCEPTIONAL ITEMS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) (IN MILLIONS OF US DOLLARS) $228.6 $45.7 $198.5 $165.2 $170.2 $159.2 Revenue Lower prices decreased offset by volume largely due to $22.6 $20.4 $21.7 increases in $31.2 $
Slide 5: AMG Technologies Financial Highlights
AMG TECHNOLOGIES FINANCIAL HIGHLIGHTS GROSS PROFIT EXCLUDING EXCEPTIONAL ITEMS REVENUE & EBITDA (IN MILLIONS OF US DOLLARS) (IN MILLIONS OF US DOLLARS) $31.3 $117.9 $119.1 $26.6 $105.1 $104.6 $23.4 $98.4 $22.2 $23.1 Revenue increased 26% $19.3 1% vs. YoY $15.6 Q1 ‘19 $11.4 $12.7 $9.7 Q1 '19 Q2 '19 Q
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) $9.2 $37.4 $35.1 $37.2 $33.8 $34.9 $6.8 SG&A $5.9 $6.1 $15.9 $5.4 $15.9 $15.5 $17.4 $16.1 expenses 41% decreased YoY by 7% vs. $21.5 $19.6 $19.8 Q1 ‘19 $17.9 $18.8 Q1 '19 Q2 '
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 $192.4 $162.9 Significant Operating cash $154.0 investment in flow decreased growth initiatives, $108.7 especially the $6.9 by $10.6 million vs. Q1 2019 due vanadium to lower expa
Slide 8: Critical Materials — Quarterly Revenue Drivers
CRITICAL MATERIALS — QUARTERLY REVENUE DRIVERS Q1 ‘20 REV Q1 ‘19 REV SEGMENT ($M) ($M) VOLUME PRICE • AMG Critical Material’s Vanadium $25.8 $61.2 total revenue decreased in the first quarter by $69.4 million, or 30%, to Aluminum $32.6 $39.0 $159.2 million • The decrease was Chrome $30.9 $43.7 large
Slide 9: Appendix
APPENDIX NN. ) a < ~
Slide 10: Critical Materials — Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q1 ‘20 VS. Q1 ‘20 VS. Q1 Q2 Q3 Q4 Q1 MATERIALS Q1 ‘19 % Q4 ‘19 % 2019 2019 2019 2019 2020 CHANGE CHANGE Ferrovanadium ($/lb) 1 $39.75 $21.38 $15.36 $11.50 $12.33 (69%) 7% Molybdenum ($/lb) $11.82 $12.17 $11.84 $9.57 $9.65 (18%) 1% Nickel ($/MT) $1
Slide 11: Critical Materials — Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG APR 27, 2020 AVG ‘19 VS. AVG SPOT VS. AVG MATERIALS 2018 2019 SPOT ‘18 % CHANGE ‘19 % CHANGE Ferrovanadium ($/lb) 1 $38.70 $22.00 $10.75 (43%) (51%) Molybdenum ($/lb) $11.94 $11.43 $8.55 (4%) (25%) Nickel ($/MT) $13,118 $13,933 $12,256 6
Slide 12: Net (Loss) Income to EBITDA Reconciliation
NET (LOSS) INCOME TO EBITDA RECONCILIATION (000’s USD) Q1 2020 Q1 2019 Net (loss) income (13,597) 14,703 Income tax expense 16,515 5,876 Net finance cost * 6,335 8,852 Equity-settled share-based payment 1,490 1,118 transactions Restructuring expense 428 (53) Inventory cost adjustment (1,901) 9,883 S
AMG Critical Materials — Q1 2020 Earnings Presentation on 6ix