Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — AMG Advanced Metallurgical Group — Investor Day (June 2019)
14 slides from Amg Critical Materials's investor day presentation, June 2019
Slide 1: Enabling CO2 Reduction – CEO Update, Capital Markets Day June 2019
ENABLING CO2 REDUCTION CEO UPDATE CAPITAL MARKETS DAY JUNE 2019 AMG ADVANCED METALLURGICAL GROUP N.V.
Slide 2: Agenda
Four Key Principles I The Growth of the Refinery Catalyst Market VII 10 Year EBITDA Volatility II “Cambridge I” Ohio VIII Organizing Growth III Joint Venture: AMG & Shell IX Constraints of Strategy Execution IV AMG Technologies X Three Breakout Trends V Enabling CO2 Reduction XI Mibra Mine VI
Slide 3: 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 4: Four Key Principles
I FOUR KEY PRINCIPLES 1. Find reliable supportive trends 2. Manage a portfolio of critical materials and technologies 3. Be the low-cost producer 4. Defend the market leadership in our niche markets
Slide 5: 10 Year EBITDA Volatility
II 10 YEAR EBITDA VOLATILITY • The 10 year average max / min EBITDA multiple of the 9 business units is 7.1 • The 10 year average max / min EBITDA multiple of the total consolidated business is 3.0
Slide 6: Organizing Growth
III ORGANIZING GROWTH • A-Projects: Routine Organic Growth of Existing Businesses • B-Projects: Non-routine Expansion of Existing Business Lines • C-Projects: Transformational Projects
Slide 7: Constraints of Strategy Execution
IV CONSTRAINTS OF STRATEGY EXECUTION 1. Focus on organic growth projects 2. Maintain a conservative balance sheet 3. Build project management teams 4. Enhance (not diversify) current portfolio 5. Make acquisitions through industry consolidation only
Slide 8: Three Breakout Trends
V THREE BREAKOUT TRENDS • Rise in Battery Materials ➢ Drivers: electric cars, renewable energy, grid stabilization • Growth of the Refinery Catalyst Market ➢ Drivers: IMO 2020, Middle East refineries • Shifts in Aerospace Engine Technology ➢ Drivers: weight reduction and higher operating temperature
Slide 9: Mibra Mine – Minas Gerais, Brazil
VI MIBRA MINE – MINAS GERAIS, BRAZIL
Slide 10: The Growth of the Refinery Catalyst Market
VII THE GROWTH OF THE REFINERY CATALYST MARKET Increase in low-sulfur oil consumption necessitates additional fresh resid catalyst, resulting in substantially more spent catalyst (factor of approximately 1.7x)
Slide 11: “Cambridge I” Ohio
VIII “CAMBRIDGE I” OHIO
Slide 12: Joint Venture: AMG & Shell
IX JOINT VENTURE: AMG & SHELL AMG Advanced Shell Catalysts & Metallurgical Group N.V. Technologies BV (name not yet finalized in JV agreement) Global spent catalyst recycling expansion by end-to-end solutions
Slide 13: AMG Technologies
X AMG TECHNOLOGIES Furnace Systems Own & Operate Heat Treatment ModulTherm ALD Mexico Metallurgy VIDP furnace AMG Titanium – Titanium Aluminides
Slide 14: Enabling CO2 Reduction
XI ENABLING CO2 REDUCTION Enabled CO2 Reduction - 2018 Division Business Unit Net CO2 Reduction (tons) * Technology / Product Thermal Barrier Coatings & Engineering 43.5 million Turbocharger Wheel Castings Technologies Titanium Alloys 5.0 million Titanium Aluminides & Coatings Critical Vanadium 1.2
AMG Advanced Metallurgical Group — Investor Day (June 2019) on 6ix