Amg Critical Materials N.v. · EURONEXT:AMG
Amg Critical Materials — Q3 2022 Earnings Presentation
15 slides from Amg Critical Materials's earnings presentation, Nov 2, 2022
Slide 1: Accelerating the Energy Transition
ACCELERATING THE ENERGY TRANSITION Investor Presentation | Third 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 $424.8 $403.9 $68.1 $311.9 $330.4 36% $29.1 $29.6 $69M YoY YoY $5.7 ($0.6) Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 EBITDA (IN MILLI
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) $188.3 $87.7 $159.8 $143.7 $83.7 $115.4 $61.7 $105.3 $58.2 EBITDA Gross $37.2 increased profit $41.3 $25.8 $66 million increased $18.0 vs.
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 $14.0 $84.9 $13.0 $79.4 $79.4 $12.2 $10.8 $11.4 EBITDA increased Gross $1 million profit up $6.5 $6.5 $7.9 $9.1 $7.3 13% vs. vs.
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 $151.6 $135.5 $25.0 $127.2 $22.4 $23.3 $20.3 $13.8 EBITDA $11.7 $11.6 increased Gross $8.5 $9.7 profit up 36%
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 $36.9 $14.0 $33.8 $11.7 $12.6 $12.2 $10.8 $11.1 $11.6 $10.1 Increase $8.7 $7.4 SG&A driven $7.0 $6.8 $8.9 $6.6 increased by FX losses of 9% vs. $7.5 $6 milli
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) $74.7 $364.8 $368.4 $346.8 Cash from Increase $284.5 operating $265.3 vs. YE 2021 $39.5 activities was $30.2 mainly due to $75 million in the significant $17.6 Q3 ‘22 due to investment
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 Q3 2022 Q3 2021 Price Volume Vanadium Revenue $188.3 $105.3 Spodumene Gross Profit * $87.7 $21.7 Tantalum CRITICAL MINERALS SEGMENT RESULTS KEY DRIVERS Q3 2022 Q3 2021 Price Volume Revenue Graphite $84.9 $79.4 Silicon Gross
Slide 12: Critical Materials — Average Quarterly Market Prices
CRITICAL MATERIALS — AVERAGE QUARTERLY MARKET PRICES Q3 Q3 OCT 26, 2022 Q3 ‘22 VS. Q3 ‘21 SPOT VS. Q3 ‘22 MATERIALS 2021 2022 SPOT % CHANGE % CHANGE Ferrovanadium ($/lb) $17.08 $23.07 $19.75 35% (14%) CRU Molybdenum ($/lb) $19.04 $16.23 $18.93 (15%) 17% S&P Global Platts Nickel ($/MT) $19,122 $22,05
Slide 13: Critical Materials — Full Year and Current Spot Prices
CRITICAL MATERIALS — FULL YEAR AND CURRENT SPOT PRICES AVG AVG OCT 26, 2022 AVG ‘21 VS. AVG SPOT VS. AVG MATERIALS 2020 2021 SPOT ‘20 % CHANGE ‘21 % CHANGE Ferrovanadium ($/lb) $10.81 $15.81 $19.75 46% 25% CRU Molybdenum ($/lb) $8.67 $15.98 $18.93 84% 18% S&P Global Platts Nickel ($/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 $7,000 Q4 2021 Q1 2022 Q2 2022 Q3 2022 $78,420 $70,994 $6,000 $75,000 $66,499 $5,900 Lithium Carbonate $ / MT $71,583 $5,000 Spodumene $ / MT $60,000 $4,885 $4,000 $45,000 $3,8
Slide 15: Profit (Loss) for the Period to EBITDA Reconciliation
PROFIT (LOSS) FOR THE PERIOD TO EBITDA RECONCILIATION (000’s USD) Q3 2022 Q3 2021 Profit (loss) for the period $68,339 ($310) Income tax expense 38,603 9,904 Net finance cost 13,988 7,543 Equity-settled share-based payment transactions 1,386 1,015 Restructuring expense 11 261 Net contract settlement
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