The document is an investor presentation for AMG Advanced Metallurgical Group from August 2011. It provides an overview of AMG, including its markets, products, strategy and financial details. AMG focuses on producing high-purity metals and materials for industries like aerospace, energy and infrastructure. It pursues growth through vertical integration and industry consolidation to serve markets for sustainable energy and emerging technologies.
The document is an investor presentation for AMG Advanced Metallurgical Group from September 2011. It provides an overview of AMG, including its markets, products, strategy and financial details. AMG focuses on producing high-purity metals and materials for applications in energy, aerospace, infrastructure and other industries. It pursues growth through vertical integration and industry consolidation to serve markets for sustainable energy and emerging infrastructure.
Houlihan Lokey Global Industrials Conference, New York, May 2011AMG
The document is an investor presentation for AMG Advanced Metallurgical Group from May 2011. It provides an overview of AMG, including its markets, products, business units, and key financial highlights from Q1 2011. AMG produces high-purity metals and metal products, and has facilities around the world. It focuses on serving end markets involving energy, aerospace, infrastructure and specialty metals/chemicals. The presentation discusses AMG's strategy, critical raw materials, and the market and financial performance of its Advanced Materials and Engineering Systems business units.
The document is an investor presentation for AMG Advanced Metallurgical Group from May 2011. It provides an overview of AMG, including its markets, products, strategy, and activities related to critical raw materials for specialty metals and chemicals. AMG aims to serve growing end markets through vertical integration and industry consolidation while focusing on responsible energy production, emerging market infrastructure, aerospace, and specialty metals.
The document is an investor presentation for AMG Advanced Metallurgical Group from May 2011. It provides an overview of AMG, including its markets, products, strategy, and activities related to critical raw materials for specialty metals and chemicals. AMG aims to serve growing end markets through vertical integration and industry consolidation while focusing on responsible energy production, emerging market infrastructure, aerospace, and specialty metals.
The document provides an investor presentation for AMG Advanced Metallurgical Group N.V for the second quarter of 2010. It summarizes the company's financial highlights including revenues of $235.8 million and EBITDA of $22 million for Q1 2010. It also gives an overview of AMG's global operations, product offerings in high purity metals and vacuum furnaces, and participation in key end markets such as aerospace, energy, infrastructure, and specialty metals & chemicals.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V. for December 2010. Key points include:
- AMG produces high purity metals and complex metal products, as well as vacuum furnaces, with global operations across Europe, North America, South America and Asia.
- For the first three quarters of 2010, AMG reported revenues of $719.8 million and EBITDA of $64.7 million, with growth over the same period in 2009.
- AMG's products and markets include advanced materials for aerospace, infrastructure, energy and specialty metals/chemicals, with its two business segments being Advanced Materials and Engineering Systems.
The document is a periodic table of the elements that lists all 118 known elements by their atomic number, element name, symbol, atomic mass, and classification. It provides the essential information about all elements in an organized table format for easy reference.
This document is an investor presentation by AMG Advanced Metallurgical Group N.V. that provides an overview of the company. AMG is a global technology-driven specialty metals company with operations in Europe, North America, South America, and Asia. In 2009, the company generated $867 million in revenue and $69 million in EBITDA. It has a diverse product portfolio that serves end markets such as aerospace, infrastructure, energy, and specialty metals & chemicals. The presentation discusses AMG's financial highlights, macroeconomic trends and markets, products, end markets, and revenue breakdown by market and product.
The document is an investor presentation for AMG Advanced Metallurgical Group from September 2011. It provides an overview of AMG, including its markets, products, strategy and financial details. AMG focuses on producing high-purity metals and materials for applications in energy, aerospace, infrastructure and other industries. It pursues growth through vertical integration and industry consolidation to serve markets for sustainable energy and emerging infrastructure.
Houlihan Lokey Global Industrials Conference, New York, May 2011AMG
The document is an investor presentation for AMG Advanced Metallurgical Group from May 2011. It provides an overview of AMG, including its markets, products, business units, and key financial highlights from Q1 2011. AMG produces high-purity metals and metal products, and has facilities around the world. It focuses on serving end markets involving energy, aerospace, infrastructure and specialty metals/chemicals. The presentation discusses AMG's strategy, critical raw materials, and the market and financial performance of its Advanced Materials and Engineering Systems business units.
The document is an investor presentation for AMG Advanced Metallurgical Group from May 2011. It provides an overview of AMG, including its markets, products, strategy, and activities related to critical raw materials for specialty metals and chemicals. AMG aims to serve growing end markets through vertical integration and industry consolidation while focusing on responsible energy production, emerging market infrastructure, aerospace, and specialty metals.
The document is an investor presentation for AMG Advanced Metallurgical Group from May 2011. It provides an overview of AMG, including its markets, products, strategy, and activities related to critical raw materials for specialty metals and chemicals. AMG aims to serve growing end markets through vertical integration and industry consolidation while focusing on responsible energy production, emerging market infrastructure, aerospace, and specialty metals.
The document provides an investor presentation for AMG Advanced Metallurgical Group N.V for the second quarter of 2010. It summarizes the company's financial highlights including revenues of $235.8 million and EBITDA of $22 million for Q1 2010. It also gives an overview of AMG's global operations, product offerings in high purity metals and vacuum furnaces, and participation in key end markets such as aerospace, energy, infrastructure, and specialty metals & chemicals.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V. for December 2010. Key points include:
- AMG produces high purity metals and complex metal products, as well as vacuum furnaces, with global operations across Europe, North America, South America and Asia.
- For the first three quarters of 2010, AMG reported revenues of $719.8 million and EBITDA of $64.7 million, with growth over the same period in 2009.
- AMG's products and markets include advanced materials for aerospace, infrastructure, energy and specialty metals/chemicals, with its two business segments being Advanced Materials and Engineering Systems.
The document is a periodic table of the elements that lists all 118 known elements by their atomic number, element name, symbol, atomic mass, and classification. It provides the essential information about all elements in an organized table format for easy reference.
This document is an investor presentation by AMG Advanced Metallurgical Group N.V. that provides an overview of the company. AMG is a global technology-driven specialty metals company with operations in Europe, North America, South America, and Asia. In 2009, the company generated $867 million in revenue and $69 million in EBITDA. It has a diverse product portfolio that serves end markets such as aerospace, infrastructure, energy, and specialty metals & chemicals. The presentation discusses AMG's financial highlights, macroeconomic trends and markets, products, end markets, and revenue breakdown by market and product.
The document is an investor presentation for Q3 2010 by AMG Advanced Metallurgical Group N.V.
The summary is:
- AMG reported revenues of $479.3 million and EBITDA of $45.9 million for the first half of 2010. Their key products are high purity metals and vacuum furnaces.
- Their largest end markets in the first half were specialty metals & chemicals (35% of revenue) and energy - solar & nuclear (23% of revenue).
- Advanced Materials saw improved profitability in Q2 2010 from higher prices. Engineering Systems revenue declined due to lower solar furnace orders.
- The company had $84.6 million in
The document summarizes the periodic table of elements. It lists the first 18 elements along with their atomic number, chemical symbol, name, and whether they are metals or non-metals. The periodic table organizes the elements by increasing atomic number and shows that elements are grouped based on their atomic structure and properties.
The document is a periodic table of elements that lists the elements in order of increasing atomic number. It provides each element's atomic number, chemical symbol, name, and atomic weight. The periodic table organizes the elements as metals and non-metals and groups elements with similar properties together.
The document is an investor presentation for AMG Advanced Metallurgical Group from July 2012. It provides an overview of AMG, including that it is listed on the NYSE Euronext Amsterdam exchange, had 2011 revenues of $1.351 billion and EBITDA of $110.1 million. It also summarizes AMG's business units, products, end markets, strategy to increase shareholder value through revenue growth, productivity gains, and acquisitions.
- The document is an investor presentation from AMG Advanced Metallurgical Group from October 2010.
- AMG produces high purity metals and complex metal products, as well as vacuum furnaces, with a global presence.
- In the first half of 2010, AMG reported revenues of $479 million and EBITDA of $45.9 million, with growth in advanced materials and specialty metals offsetting declines in solar furnace sales.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V. It describes AMG's business units which produce high-value specialty metals and engineering systems. These products are used in end markets like energy, aerospace, and infrastructure. The presentation also outlines AMG's financial performance in recent years and why investors should consider the company, noting its revenue and EBITDA growth as well as focus on critical and specialty raw materials.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V.:
- AMG is a global specialty metals and mineral company with revenues of $1.35 billion in 2011 across four business units.
- Recent developments include appointing new presidents for AMG Mining and AMG Aluminum to improve operations.
- In Q1 2012, AMG acquired over 5.4% of shares in Graphit Kropfmühl through a voluntary tender offer.
Amg barclays clean energy conference september 2010 finalAMG
This document summarizes AMG Advanced Metallurgical Group N.V.'s presentation at the Barclays Global Renewables and Clean Technology Conference on September 2-3, 2010. AMG produces high purity metals and complex metal products, as well as vacuum furnaces. In the first half of 2010, AMG reported revenues of $479.3 million and EBITDA of $45.9 million. AMG has a global presence and focuses on markets such as aerospace, energy, and infrastructure. The company is involved in developing clean technology and sustainable metals for applications like solar energy, lithium batteries, and nuclear fuels.
The document is an investor presentation for ING Benelux Conference in September 2012. It provides an overview of AMG Advanced Metallurgical Group including key metrics like revenues, EBITDA, employees and facilities. It then summarizes the company's business units, products, end markets and provides highlights on recent financial performance. The presentation aims to provide investors an update on AMG's operations and growth opportunities.
Amg investor presentation q2 2011 september hcs notesAMG
The document provides an overview of AMG Advanced Metallurgical Group including key details about its markets, products, facilities and financial performance. It highlights AMG's position in critical raw materials for the European economy and how its diversified portfolio of specialty metals and minerals provides stability in uncertain economic times. Specific segments like aerospace are called out as experiencing strong growth trends that will support AMG's business in the long run.
This document provides an overview of AMG Advanced Metallurgical Group for potential investors. It discusses AMG's markets, products, strategy, and financials. Key points include: AMG serves growing end markets with specialty metal products and engineering solutions related to CO2 reduction and resource conservation. It has facilities globally and listed on the NYSE Euronext Amsterdam exchange. AMG focuses on critical raw materials and produces products for applications in energy, aerospace, infrastructure and specialty metals/chemicals. Recent developments include an acquisition and new debt facilities through 2016.
This document provides an overview of AMG Advanced Metallurgical Group N.V. for an industrial conference in September 2010. It discusses AMG's financial highlights for the first half of 2010, including revenues of $479 million and EBITDA of $45.9 million. It also summarizes AMG's business segments, products, end markets, notable acquisitions and projects, and financial performance within each segment.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V. It discusses AMG's business segments in sustainable metals technology products including high purity raw materials, metals, and complex metal products. It also outlines several macroeconomic trends driving demand in AMG's end markets such as energy, aerospace, and infrastructure. Specifically, it notes AMG's role as a primary producer of 4 out of 14 critical raw materials identified as important to the European economy.
Ubs critical raw materials seminar, frankfurt, march 2011AMG
This document discusses major challenges in minor metals such as titanium, vanadium, antimony, and silicon metal. It notes that demand for these critical raw materials is growing rapidly due to technological developments, but primary supply faces severe risks due to reserve depletion and volatility in pricing. Recycling provides only a partial solution due to limitations in collection systems and recycling technologies. Government action is needed to help address issues of supply security and demand growth for these important minor metals.
This document provides an investor presentation by AMG Advanced Metallurgical Group N.V. It begins with disclaimers regarding the confidential nature of the document and that it does not constitute an offer to buy or sell securities. It then provides an overview of AMG, including its markets, products, financial highlights for 2010, and outlook. AMG operates in advanced materials and engineering systems. It reports growing revenues and earnings for 2010 driven by increased demand in aerospace, infrastructure and energy end markets.
This document provides an overview of AMG Advanced Metallurgical Group N.V. It discusses AMG's markets, products, strategy and end markets. Key points include:
- AMG serves growing end markets with specialty metal products and engineering solutions related to reducing carbon emissions and conserving resources.
- In Q3 2011, AMG's largest end markets by revenue were specialty metals and chemicals (39.2% of revenue) and aerospace (27.1% of revenue).
- Within specialty metals, antimony and tantalum were two of AMG's fastest growing products, driven by demand from electronics and other industries.
- The document also notes AMG has raw material
The document provides an update on AMG Mining's Mibra Mine in Brazil. It discusses the mine's tantalum and niobium activities, including its various orebodies containing over 16 million lbs of Ta2O5. Exploration work continues to expand known resources and a new drilling program aims to add additional reserves. Current mine life at increased production levels is estimated at 17 years based on existing hard orebody resources, with potential to extend further.
This document is a confidential investor presentation by AMG Advanced Metallurgical Group N.V. It summarizes AMG's markets, products, and financial performance for the first three quarters of 2010. AMG operates in growing markets for critical raw materials and participates in macroeconomic trends of increasing demand for sustainable energy production and emerging market infrastructure. It is a primary producer of critical raw materials including titanium, vanadium, magnesium, and chromium. The presentation highlights AMG's financial results for Q3 2010, including increased revenue, EBITDA, and earnings per share compared to Q3 2009. It provides an outlook expecting continued growth in 2011 driven by improving end markets.
The document discusses the status of the solar grade silicon industry. It provides an overview of AMG, a technology-driven specialty metals company with solar activities including ownership stakes in Timminco and Graphit Kropfmühl, both silicon metal producers. It also describes AMG Conversion, which produces multicrystalline silicon ingots, bricks and wafers for solar applications. The document outlines various solar grade silicon purification techniques and manufacturing processes, and discusses the impact of impurities on solar cell performance and efficiency.
The document provides an investor presentation for AMG Advanced Metallurgical Group from March 2013. It summarizes AMG's business segments, recent developments including operational improvements and segment realignment, key products, end markets, and financial highlights for each business unit. It also discusses the outlook for each segment in 2013, with an emphasis on improving margins and earnings through cost reductions in AMG Processing, stable backlog and slight growth in AMG Engineering, and long-term supply contracts driving growth in AMG Mining.
Ubs critical raw materials seminar, frankfurt, 2011AMG
The document discusses major challenges in minor metals. It provides an introduction to AMG Advanced Metallurgical Group N.V., a company involved in critical raw materials like lithium, beryllium, scandium, cobalt, gallium, and others on the periodic table. The document notes some cautionary statements about the information presented and that it does not constitute an offer to buy or sell securities.
The document is an investor presentation for Q3 2010 by AMG Advanced Metallurgical Group N.V.
The summary is:
- AMG reported revenues of $479.3 million and EBITDA of $45.9 million for the first half of 2010. Their key products are high purity metals and vacuum furnaces.
- Their largest end markets in the first half were specialty metals & chemicals (35% of revenue) and energy - solar & nuclear (23% of revenue).
- Advanced Materials saw improved profitability in Q2 2010 from higher prices. Engineering Systems revenue declined due to lower solar furnace orders.
- The company had $84.6 million in
The document summarizes the periodic table of elements. It lists the first 18 elements along with their atomic number, chemical symbol, name, and whether they are metals or non-metals. The periodic table organizes the elements by increasing atomic number and shows that elements are grouped based on their atomic structure and properties.
The document is a periodic table of elements that lists the elements in order of increasing atomic number. It provides each element's atomic number, chemical symbol, name, and atomic weight. The periodic table organizes the elements as metals and non-metals and groups elements with similar properties together.
The document is an investor presentation for AMG Advanced Metallurgical Group from July 2012. It provides an overview of AMG, including that it is listed on the NYSE Euronext Amsterdam exchange, had 2011 revenues of $1.351 billion and EBITDA of $110.1 million. It also summarizes AMG's business units, products, end markets, strategy to increase shareholder value through revenue growth, productivity gains, and acquisitions.
- The document is an investor presentation from AMG Advanced Metallurgical Group from October 2010.
- AMG produces high purity metals and complex metal products, as well as vacuum furnaces, with a global presence.
- In the first half of 2010, AMG reported revenues of $479 million and EBITDA of $45.9 million, with growth in advanced materials and specialty metals offsetting declines in solar furnace sales.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V. It describes AMG's business units which produce high-value specialty metals and engineering systems. These products are used in end markets like energy, aerospace, and infrastructure. The presentation also outlines AMG's financial performance in recent years and why investors should consider the company, noting its revenue and EBITDA growth as well as focus on critical and specialty raw materials.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V.:
- AMG is a global specialty metals and mineral company with revenues of $1.35 billion in 2011 across four business units.
- Recent developments include appointing new presidents for AMG Mining and AMG Aluminum to improve operations.
- In Q1 2012, AMG acquired over 5.4% of shares in Graphit Kropfmühl through a voluntary tender offer.
Amg barclays clean energy conference september 2010 finalAMG
This document summarizes AMG Advanced Metallurgical Group N.V.'s presentation at the Barclays Global Renewables and Clean Technology Conference on September 2-3, 2010. AMG produces high purity metals and complex metal products, as well as vacuum furnaces. In the first half of 2010, AMG reported revenues of $479.3 million and EBITDA of $45.9 million. AMG has a global presence and focuses on markets such as aerospace, energy, and infrastructure. The company is involved in developing clean technology and sustainable metals for applications like solar energy, lithium batteries, and nuclear fuels.
The document is an investor presentation for ING Benelux Conference in September 2012. It provides an overview of AMG Advanced Metallurgical Group including key metrics like revenues, EBITDA, employees and facilities. It then summarizes the company's business units, products, end markets and provides highlights on recent financial performance. The presentation aims to provide investors an update on AMG's operations and growth opportunities.
Amg investor presentation q2 2011 september hcs notesAMG
The document provides an overview of AMG Advanced Metallurgical Group including key details about its markets, products, facilities and financial performance. It highlights AMG's position in critical raw materials for the European economy and how its diversified portfolio of specialty metals and minerals provides stability in uncertain economic times. Specific segments like aerospace are called out as experiencing strong growth trends that will support AMG's business in the long run.
This document provides an overview of AMG Advanced Metallurgical Group for potential investors. It discusses AMG's markets, products, strategy, and financials. Key points include: AMG serves growing end markets with specialty metal products and engineering solutions related to CO2 reduction and resource conservation. It has facilities globally and listed on the NYSE Euronext Amsterdam exchange. AMG focuses on critical raw materials and produces products for applications in energy, aerospace, infrastructure and specialty metals/chemicals. Recent developments include an acquisition and new debt facilities through 2016.
This document provides an overview of AMG Advanced Metallurgical Group N.V. for an industrial conference in September 2010. It discusses AMG's financial highlights for the first half of 2010, including revenues of $479 million and EBITDA of $45.9 million. It also summarizes AMG's business segments, products, end markets, notable acquisitions and projects, and financial performance within each segment.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V. It discusses AMG's business segments in sustainable metals technology products including high purity raw materials, metals, and complex metal products. It also outlines several macroeconomic trends driving demand in AMG's end markets such as energy, aerospace, and infrastructure. Specifically, it notes AMG's role as a primary producer of 4 out of 14 critical raw materials identified as important to the European economy.
Ubs critical raw materials seminar, frankfurt, march 2011AMG
This document discusses major challenges in minor metals such as titanium, vanadium, antimony, and silicon metal. It notes that demand for these critical raw materials is growing rapidly due to technological developments, but primary supply faces severe risks due to reserve depletion and volatility in pricing. Recycling provides only a partial solution due to limitations in collection systems and recycling technologies. Government action is needed to help address issues of supply security and demand growth for these important minor metals.
This document provides an investor presentation by AMG Advanced Metallurgical Group N.V. It begins with disclaimers regarding the confidential nature of the document and that it does not constitute an offer to buy or sell securities. It then provides an overview of AMG, including its markets, products, financial highlights for 2010, and outlook. AMG operates in advanced materials and engineering systems. It reports growing revenues and earnings for 2010 driven by increased demand in aerospace, infrastructure and energy end markets.
This document provides an overview of AMG Advanced Metallurgical Group N.V. It discusses AMG's markets, products, strategy and end markets. Key points include:
- AMG serves growing end markets with specialty metal products and engineering solutions related to reducing carbon emissions and conserving resources.
- In Q3 2011, AMG's largest end markets by revenue were specialty metals and chemicals (39.2% of revenue) and aerospace (27.1% of revenue).
- Within specialty metals, antimony and tantalum were two of AMG's fastest growing products, driven by demand from electronics and other industries.
- The document also notes AMG has raw material
The document provides an update on AMG Mining's Mibra Mine in Brazil. It discusses the mine's tantalum and niobium activities, including its various orebodies containing over 16 million lbs of Ta2O5. Exploration work continues to expand known resources and a new drilling program aims to add additional reserves. Current mine life at increased production levels is estimated at 17 years based on existing hard orebody resources, with potential to extend further.
This document is a confidential investor presentation by AMG Advanced Metallurgical Group N.V. It summarizes AMG's markets, products, and financial performance for the first three quarters of 2010. AMG operates in growing markets for critical raw materials and participates in macroeconomic trends of increasing demand for sustainable energy production and emerging market infrastructure. It is a primary producer of critical raw materials including titanium, vanadium, magnesium, and chromium. The presentation highlights AMG's financial results for Q3 2010, including increased revenue, EBITDA, and earnings per share compared to Q3 2009. It provides an outlook expecting continued growth in 2011 driven by improving end markets.
The document discusses the status of the solar grade silicon industry. It provides an overview of AMG, a technology-driven specialty metals company with solar activities including ownership stakes in Timminco and Graphit Kropfmühl, both silicon metal producers. It also describes AMG Conversion, which produces multicrystalline silicon ingots, bricks and wafers for solar applications. The document outlines various solar grade silicon purification techniques and manufacturing processes, and discusses the impact of impurities on solar cell performance and efficiency.
The document provides an investor presentation for AMG Advanced Metallurgical Group from March 2013. It summarizes AMG's business segments, recent developments including operational improvements and segment realignment, key products, end markets, and financial highlights for each business unit. It also discusses the outlook for each segment in 2013, with an emphasis on improving margins and earnings through cost reductions in AMG Processing, stable backlog and slight growth in AMG Engineering, and long-term supply contracts driving growth in AMG Mining.
Ubs critical raw materials seminar, frankfurt, 2011AMG
The document discusses major challenges in minor metals. It provides an introduction to AMG Advanced Metallurgical Group N.V., a company involved in critical raw materials like lithium, beryllium, scandium, cobalt, gallium, and others on the periodic table. The document notes some cautionary statements about the information presented and that it does not constitute an offer to buy or sell securities.
Ubs critical raw materials seminar, frankfurt, march 2011AMG
This document discusses major challenges in minor metals production and supply. It notes that demand for minor metals is growing rapidly due to new technologies, but supply faces severe risks due to depletion of reserves and limited recycling potential. While government action could help address these issues, volatility in minor metals pricing remains a challenge. The document uses examples like titanium, vanadium, antimony, and silicon metal to illustrate volatility in recent years.
The document summarizes an investor presentation by AMG Advanced Metallurgical Group. It provides an overview of AMG, including its markets, products, business units, and key financial highlights. AMG serves growing end markets with specialty metal products and engineering solutions. It has three business units: Advanced Materials, Engineering Systems, and Graphit Kropfmühl. For the second quarter of 2011, AMG reported revenues of $368.3 million, gross profit of $69 million, and EBITDA of $31.4 million, representing year-over-year growth.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V.:
- AMG operates businesses in advanced materials, engineering systems, graphite mining and processing, and mining. It has facilities worldwide and 3,100 employees.
- In the first half of 2012, advanced materials contributed 67% of revenue and 62% of EBITDA, while engineering systems contributed 21% of revenue and 15% of EBITDA.
- AMG focuses on providing specialty metals and materials for growing end markets like energy, aerospace, and infrastructure. It mines or processes 13 critical raw materials identified as strategic priorities.
- Recent developments include extending its credit facility by $62 million and approving
This document provides an overview of AMG Advanced Metallurgical Group N.V. It discusses AMG's markets, products, strategy and end markets. Key points include:
- AMG serves growing end markets with specialty metal products and engineering solutions related to reducing CO2 and conserving resources.
- In Q3 2011, AMG's largest end markets by revenue were specialty metals and chemicals (39.2% of revenue) and aerospace (27.1% of revenue).
- Within specialty metals, antimony and tantalum were two of AMG's fastest growing products, driven by demand from electronics and other industries.
- The document cautions that the information is confidential and does not constitute
The document is an investor presentation by AMG Advanced Metallurgical Group N.V. It provides an overview of AMG, including that it is listed on the NYSE Euronext Amsterdam, has over $1 billion in annual revenues and provides specialty metal alloys and engineering systems. It then summarizes AMG's business units, products, end markets and growth strategy, highlighting its focus on critical raw materials and growth through operational efficiency, vertical integration and EPS growth.
This presentation provides an overview of AMG Advanced Metallurgical Group for potential investors. It describes AMG as a global leader in specialty metals and mining, with 2011 revenues of $1.35 billion. The presentation highlights AMG's focus on high-value specialty alloys and raw materials that enable reductions in CO2 emissions and conservation of resources. It also identifies AMG's key business units, product areas, end markets served, and competitive advantages in vertical integration and access to critical raw materials.
This document discusses AMG Advanced Metallurgical Group's ECO2RP (Enabling CO2 Reduction Portfolio). ECO2RP represents AMG's portfolio of products that enable customers to reduce CO2 emissions through higher energy efficiency. It accounted for 26% of AMG's revenues and 33% of gross profits in 2019. ECO2RP currently includes 6 products that enabled reductions of 67.8 million metric tons of CO2 in 2019. AMG is working to expand ECO2RP through additional life cycle assessment certifications and sees opportunities in materials for electric vehicles and grid-level electricity storage.
The document is an investor presentation by AMG Advanced Metallurgical Group N.V. that provides an overview of the company. It discusses AMG's focus on critical raw materials, including those identified as critical by the EU and US. AMG has businesses in 7 EU-critical materials and 4 US-critical materials. The presentation shows that prices for critical materials have generally outperformed metals and oil over the past 10 years. It also provides an overview of AMG's business segments and global footprint in critical materials.
Equity Capital Market Presentation May 2022.pdfgstubel
1) The energy transition is accelerating demand for lithium, with electric vehicle demand requiring 12-40 times more lithium by 2040.
2) AMG is expanding its lithium production capabilities, including expanding its spodumene concentrate production and constructing lithium hydroxide upgrading facilities.
3) There is expected to be a significant supply shortage of lithium chemicals, especially lithium hydroxide, by 2030 as demand from electric vehicles and batteries triples.
AMG is expanding its lithium production capabilities in Brazil through a multi-phase project. Phase I involves constructing a plant to produce 90,000 MT of lithium concentrate per year. Phase II, approved with $110M CAPEX, will double concentrate production to 180,000 MT annually by adding a second plant. Subject to Phase III approval, AMG aims to downstream convert concentrate to lithium carbonate, targeting an integrated production cost of around $4,000/MT. The expansion leverages AMG's existing tantalum operations and infrastructure at its long-operating Mibra mine.
AMG is expanding its lithium operations at its Mibra mine in Brazil. The expansion includes constructing a second lithium concentrate plant that will double production to 180,000 metric tons per year. The estimated $110 million investment will also expand tantalum processing capacity and mining infrastructure. Once completed in late 2019, the expansion is expected to be highly profitable given current lithium concentrate prices that are well above estimated operating costs of $134 per metric ton. The expansion will allow AMG to leverage its world-class lithium and tantalum asset and meet growing demand for lithium used in batteries for electric vehicles and other applications.
M&A In Chemicals And Materials 10 27 09Shrikanth S
In the study, Frost has covered 30 segments and the M&As trends are classified based on time, segments, deal size, geography, type of acquirers, and integration. Furthermore, iterations such as classification based on \'time, segments, and deal size\', \'geography, time, and type of acquirers\', among others, are analyzed. The scope of this research service includes 2,436 mergers and acquisitions (M&As) over the period 2000 to May 2009. Macro-economic factors, end-user analysis, and outlook till December 2009/April 2010 are mentioned. The objective of this research service is to provide financial analysts, investment professionals, and market participants the tools and information needed to support financial analysis and investment decisions.
M&A In Chemicals And Materials 10 27 09Shrikanth S
In the study, Frost has covered 30 segments and the M&As trends are classified based on time, segments, deal size, geography, type of acquirers, and integration. Furthermore, iterations such as classification based on \'time, segments, and deal size\', \'geography, time, and type of acquirers\', among others, are analyzed. The scope of this research service includes 2,436 mergers and acquisitions (M&As) over the period 2000 to May 2009. Macro-economic factors, end-user analysis, and outlook till December 2009/April 2010 are mentioned. The objective of this research service is to provide financial analysts, investment professionals, and market participants the tools and information needed to support financial analysis and investment decisions.
This investor presentation by AMG Advanced Metallurgical Group N.V provides an overview of the company's business segments, global footprint, financial highlights, and strategy. AMG is a critical materials company that sources, processes, and supplies materials that are in increasing global demand. It has two business segments: AMG Critical Materials which includes vanadium, superalloys, titanium alloys, and other materials production, and AMG Engineering which provides vacuum furnaces and heat treatment services. Financially, the company has reduced its net debt and improved its return on capital employed in recent years while growing revenue and EBITDA.
HMS Group presentation, Morgan Stanley EMEA Conference (April 2011)HMS Group
This presentation was created to present HMS Group at one-on-one meetings with investors within Morgan Stanley EMEA Conference (12-14 April 2011, London & New-York).
The document provides an overview of AMG's lithium business and the lithium industry. It discusses AMG's lithium mining operations in Brazil and plans for a lithium hydroxide production facility in Germany. It also covers the growing demand for lithium-ion batteries from electric vehicles and policies supporting electric vehicle adoption in Europe and globally.
This investor presentation provides an overview of AMG, a global critical materials company. It summarizes key points including:
- AMG is a leading supplier of critical materials driven by global trends of increased demand, CO2 reduction needs, and new technologies requiring advanced materials.
- The company has a unique portfolio that includes 5 of the 20 materials designated as critical by the EU, as well as highly engineered titanium alloys and value-added aluminum products.
- AMG has a global network of production facilities and sales offices and has demonstrated strong financial performance with improving health and safety metrics.
This investor presentation provides an overview of AMG Advanced Metallurgical Group N.V. In the first quarter of 2017, AMG saw a 56% increase in EBITDA compared to the first quarter of 2016 due to improved profitability in its critical materials segment. The company's return on capital employed increased to 25.5% annualized in Q1 2017 from 14.7% in Q1 2016. Additionally, AMG has reduced its net debt by $88.4 million since December 2014 and had a net cash position of $0.5 million at the end of Q1 2017.
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2. Cautionary Note
THIS DOCUMENT IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION 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 PURPOSE. FAILURE TO COMPLY WITH
THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS.
This presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire
securities of the Company or any of its subsidiaries nor should it or any part of it, nor the fact of its distribution, form the basis of, or be relied on in connection
with, any contract or commitment whatsoever.
This presentation has been prepared by, and is the sole responsibility of, the Company. This document, any presentation made in conjunction herewith and any
accompanying materials are for information only and are not a prospectus, offering circular or admission document. This presentation does not form a part of,
and should not be construed as, an offer, invitation or solicitation to subscribe for or purchase, or dispose of any of the securities of the companies mentioned
in this presentation. These materials do not constitute an offer of securities for sale in the United States or an invitation or an offer to the public or form of
application to subscribe for securities. Neither this presentation nor anything contained herein shall form the basis of, or be relied on in connection with, any
offer or commitment whatsoever. The information contained in this presentation has not been independently verified. No representation or warranty, express
or implied, is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information or the opinions contained herein. The
Company and its advisors are under no obligation to update or keep current the information contained in this presentation. To the extent allowed by law, none
of the Company or its affiliates, advisors or representatives accept any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any
use of this presentation or its contents or otherwise arising in connection with the presentation.
Certain statements in this presentation constitute forward-looking statements, including statements regarding the Company's financial position, business strategy,
plans and objectives of management for future operations. These statements, which contain the words "believe,” “expect,” “anticipate,” “intends,” “estimate,”
“forecast,” “project,” “will,” “may,” “should” and similar expressions, reflect the beliefs and expectations of the management board of directors of the
Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors,
the achievement of the anticipated levels of profitability, growth, cost and synergy of the Company’s recent acquisitions, the timely development and acceptance
of new products, the impact of competitive pricing, the ability to obtain necessary regulatory approvals, and the impact of general business and global economic
conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein.
Neither the Company, nor any of its respective agents, employees or advisors intend or have any duty or obligation to supplement, amend, update or revise any
of the forward-looking statements contained in this presentation.
The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice.
This document has not been approved by any competent regulatory or supervisory authority.
2
3. Overview
Listed: NYSE-Euronext Amsterdam: AMG
Founded: 2006
Revenues: $1,197.5M LTM June 2011
EBITDA: $96.6M LTM June 2011
Employees: 3,000
Facilities: Netherlands, Germany, UK, USA, Brazil, France,
Turkey, Canada, Czech Republic, China, Mexico,
Belgium, Poland, India, Sri Lanka
Market cap: €257.2M ($366.2M)
Shares outstanding: 27.5M
52 week range: €6.25–€16.76
Recent share price: €9.35 (August 9, 2011)
Sustainable Metals Technology Products:
High purity raw materials, metals and complex metal products
Vacuum furnaces used to produce high purity metals
3
4. Strategy
■ Serve growing end markets with high value-added specialty metal
products and engineering solutions, related to CO2 reduction and
conservation of natural resources
■ Execute through a combination of:
■ Vertical integration
■ Industry consolidation
■ Continuous investment in productivity and technology
■ Serve the end markets of:
■ Responsible energy production and use
■ Emerging market infrastructure
■ Aerospace and light weight materials
■ Specialty metals and chemicals
4
5. Products & Markets
Advanced Materials Engineering Systems Graphit Kropfmühl
High-value alloys Capital equipment for Silicon metal
Critical raw materials high purity materials Natural graphite
Specialty Metals &
Energy Aerospace Infrastructure Chemicals
5
6. End Markets – by the Numbers
2011 H1 Revenue 2011 H1 Gross Profit
$686.3 million $128.8 million
Aerospace Aerospace
27.1% 29.9%
Infrastructure
14.4%
Energy 24.9%
Energy 19.0% Infrastructure
14.2%
Specialty
Metals & Specialty
Chemicals Metals &
39.4% Chemicals
31.0%
6
7. Critical Raw Materials – AMG’s activities
AMG manufactures products with these elements
1 AMG has development projects with these elements 2
H He
Hydrogen Helium
1.0 4.0
4 5 6 7 8 9 10
3
Li Be B C N O F Ne
Beryllium Boron Carbon Nitrogen Oxygen Fluorine Neon
Lithium
9.0 10.8 12.0 14.0 16.0 19.0 20.2
6.9
11 12 13 14 15 16 17 18
Na Mg Al Si P S Cl Ar
Sodium Magnesium Aluminum Silicon Phosphorus Sulfur Chlorine Argon
23.0 24.3 27.0 28.1 31.0 32.1 35.5 40.0
19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
K Ca Sc Ti V Cr Mn Fe Co Ni Cu Zn Ga Ge As Se Br Kr
Potassium Calcium Scandium Titanium Vanadium Chromium Manganese Iron Cobalt Nickel Copper Zinc Gallium Germanium Arsenic Selenium Bromine Krypton
39.1 40.1 45.0 47.9 50.9 52.0 54.9 55.9 58.9 58.7 63.5 65.4 69.7 72.6 74.9 79.0 79.9 83.8
37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54
Rb Sr Y Zr Nb Mo Tc Ru Rh Pd Ag Cd In Sn Sb Te I Xe
Rubidium Strontium Yitrium Zirconium Niobium Molybdenum Technetium Ruthenium Rhodium Palladium Silver Cadmium Indium Tin Antimony Tellurium Iodine Xenon
85.5 87.6 88.9 91.2 92.9 95.9 99 101.0 102.9 106.4 107.9 112.4 114.8 118.7 121.8 127.6 126.9 131.3
55 56 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86
Cs Ba 57-71 Hf Ta W Re Os Ir Pt Au Hg Tl Pb Bi Po At Rn
Caesium Barium Hafnium Tantalum Tungsten Rhenium Osmium Iridium Platinum Gold Mercury Thallium Lead Bismuth Polonium Astatine Radon
132.9 137.4 178.5 181.0 183.9 186.2 190.2 192.2 195.1 197.0 200.6 204.4 207.2 209.0 210.0 210.0 222.0
87 88 104 105 106 107 108 109 110 111 112 113 114 115 116
Fr Ra 89-103 Rf Db Sg Bh Hs Mt Ds Rg Uum Uut Uuq Uup Uuh
Francium Radium Rutherfordlium Dubnium Seaborgium Bohrium Hassium Meitnerium Darmstadtium Roentgenium Ununbium Ununtrium Ununquadium Ununpentium Ununhexium
223.0 226.0 261 262 263 264 265 266 269 272 277 284 289 288 292
57 58 59 60 61 62 62 64 65 66 67 68 69 70 71
La Ce Pr Nd Pm Sm Eu Gd Tb Dy Ho Er Tm Yb Lu
Lanthanum Cerium Praseodymium Neodymium Promethium Samarium Europium Gadolinium Terbium Dysprosium Holmium Erbium Thallium Ytterbium Lutetium
138.9 140.1 140.9 144.2 147.0 150.4 152.0 157.3 158.9 162.5 164.9 167.3 168.9 173.0 175.0
89 90 91 92 93 94 95 96 97 98 99 100 101 102 103
Ac Th Pa U Np Pu Am Cm Bk Cf Es Fm Md No Lr
Actinium Thorium Protactinium Uranium Neptunium Plutonium Americium Curium Berkelium Californium Einsteinium Fermium Mendelevium Nobelium Lawrencium
132.9 232.0 231.0 238.0 237.0 242.0 243.0 247.0 247.0 251.0 254.0 253.0 256.0 254.0 257.0
7
8. Critical Raw Materials
The EU identified 14 critical raw materials(1) to the European economy –
focusing on two determinants – economic importance and supply risk
AMG currently has raw material sources for 4 of those elements
“Critical” raw
materials
(Brazil)
(Turkey)
(Sri Lanka)
(Brazil)
(1) European Commission Annex V to the Report of the Ad-hoc Working Group on defining critical raw materials
8
9. Aerospace End Market: a growing market
27% of H1 2011 revenue; 45% growth over 2010
Titanium in commercial aircraft is expected to grow over 25%(1) in
2012
Increases in Airbus and Boeing production rates
Light weight materials used to improve fuel efficiency
Master alloy demand expected to double by 2018 (B787, A350)
Commercial Aircraft Delivery Forecast % of Titanium in Airframes
(No. of planes) (‘% of total weight)
12.0
11.0 B 787
1,829
10.0
11% CAGR 1,704
9.0
B 777 A 350
8.0
1,514
7.0
1,384 6.0
1,246 5.0 B 757 A 318
A 320 A380
4.0
1,097 B 747 SP
3.0 A 300 A 340
B 747 A 330
2.0 B 737
B 767 A 321
1.0 B 727
B 707
0.0
2010 2011e 2012e 2013e 2014e 2015e 1950 1960 1970 1980 1990 2000 2010 2020
Source: Davenport & Company Source: Airbus, Boeing and Company estimates
9 (1) Davenport & Company
11. Advanced Materials - Market, Products and Customers
Aerospace Infrastructure - FeV Specialty Metals
Products Specialty alloys for titanium Ferrovanadium Chromium Metals
Coatings for wear Ferro-nickel molybdenum Tantalum
resistance
Antimony Trioxide
Aluminium master alloys
Competitors Reading Alloys Inc. Evraz Group S.A. (Highveld KBM Affilips B.V.
Steel & Vanadium)
Evraz Group S.A. Sunxing Chemical and
(Stratcor) Eramet S.A. (Gulf Chemical Metallurgical Materials Co
& Metallurgical Corporation)
Delachaux S.A.
Evraz Group S.A. (Stratcor)
Campine S.A.
Xstrata plc
Chemtura Corporation
Chengde Vanadium &
Twinkling Star Co., Ltd.
Titanium Stock Co. Ltd.
Sample Customers
11
12. Significant Metals Prices
Spot Prices as of August 1
Ferrovandium $15.88/lb
Molybdenum $23,778/mt
Nickel $32,077/mt
Tantalum $117.5/lb
Antimony $14,800/mt
Chromium Metal $14,617/mt
Silicon Metal $1.59/lb
12
13. Advanced Materials
Financial Summary Highlights
( in millions)
Revenue EBITDA ■ Q2 2011 revenue up 55% from Q2 2010
$235.6 ■ KB Alloys acquisition contributed $25.0
$210.8 million
■ Antimony trioxide revenue up 38%
$168.9
■ Q2 2011 Gross Margin 16% of revenue
$154.9
$152.0 ■ Q2 2011 EBITDA up 24% over Q2 2010
■ 7% of revenue
■ CAPEX
$17.5
$14.2 $9.4 $7.7 $14.6 ■ $6.2 million
Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 ■ $1.6 million for tantalum mine
Capital Expenditure ■ $1.0 million for aerospace alloy
CAPEX expansion
$7.3
$5.6 $5.6 $6.2
$4.2
- - - - -
13 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11
14. Engineering Systems – Market, Products and Customers
Energy - Solar Aerospace Energy - Nuclear
Solar silicon melting and Vacuum Melting and Re- Vacuum Sintering
Products
crystallisation systems- melting Systems Systems for nuclear fuel
DSS furnaces
Precision Casting and Development project for
Mono2™ technology Coating Systems the safe storage of
nuclear waste
Heat Treatment with high
pressure gas quenching
Competitors GT Solar International, Inteco Specialty Melting No significant competition
Inc. Technologies GmbH
Beijing Jingyuntong Consarc Corporation
Technology Co. Ltd
Aichelin GmbH
Zhejiang Jinggong S&T
In house producers
Sample Customers
14
15. Engineering Systems
Financial Summary Highlights
( in millions)
Revenue EBITDA
Q2 2011 revenue up 51% from Q2 2010
Solar furnaces 29% of revenue
$89.8 Own and Operate 12% of revenue
$67.7 Order backlog increased 2% to $200.6
$59.5 $64.9 million at June 30, 2011
$53.2
Order intake $88.6 million in Q2 2011
1.0x book to bill ratio
Q2 2011 Gross Margin 25% of revenue
$8.0 $7.4 $10.0 $7.7
- - - $5.3
- - Increased due to economies of scale
Q2 10 Q3 10 Q4 10 Q1 11 Q2 11
Q2 2011 EBITDA 9% of revenue
Order Intake
Order Intake
$107.6
$88.6
$65.0 $66.9 $65.7
- - - - -
Q2 10 Q3 10 Q4 10 Q1 11 Q2 11
15
16. Graphit Kropfmühl – Market, Products and Customers
Energy - Solar Specialty Metals & Chemicals
Products Silicon metal for Natural graphite for
polycrystalline for solar insulation, transportation
cells and lithium-ion batteries
Silicon metal for aluminium
and silicones
Competitors Bluestar Silicone Materials Ltd. Asbury Graphite Mills, Inc.
Globe Specialty Metals Inc. SGL Carbon SE
Grupo FerroAtlantica, S.L. Qingdao Graphite Company, Ltd
Timminco Limited
Dow Corning Corporation
Wacker Chemie AG
Sample Customers
16
17. Graphit Kropfmühl
Financial Summary Highlights
( in millions)
Revenue EBITDA Q2 2011 revenue up 34% from Q2 2010
$42.3 $42.9 37% increase in silicon metal revenue due
to higher contract prices
$32.4
$34.2 Natural graphite revenue up 28%
$32.1
Q2 2011 Gross Margin 20% of revenue
Q2 2011 EBITDA up 269% over Q2 2010
15% of revenue
CAPEX
$6.3 $6.2
$1.7 $2.0 $2.5
- - - - - $2.5 million primarily for graphite milling
Q2 10 Q3 10 Q4 10 Q1 11 Q2 11
expansion and maintenance silicon metal
Capital Expenditures capacity
CAPEX
$2.5
$1.7
$1.3 $1.2
$0.7
- - - - -
Q2 10 Q3 10 Q4 10 Q1 11 Q2 11
17
19. Revenue by Geography
2011 H1 Revenue 2010 Full Year Revenue
North North
America America
23% 20%
Asia 21% Asia 22%
Europe 51%
Europe
50%
South
South America 5%
America
5% ROW 2%
ROW 1%
19
20. Financial Highlights
Revenue
(in millions) Highlights
(in millions)
■ Q2 Revenue: $368.3 million
■ Up 51% from Q2 2010
$368.3 ■ Q2 Gross Profit: $69.0 million
$318.0
$270.7
$243.5 $240.4 ■ Q2 EBITDA: $31.4 million
■ Up 32% from Q2 2010
Q2 10 Q3 10 Q4 10 Q1 11 Q2 11
■ Q2 EPS: $0.29 (1)
EBITDA ■ Up from $0.20 in Q2 2010 (1)
■ LTM Q2 2011
■ Revenue: $1,197.5 million
$31.4 ■ EBITDA: $96.6 million
$26.2
$23.9 ■ Operating Profit: $57.0 million
$18.8 $20.2
■ EPS: $0.91 (1)
Q2 10 Q3 10 Q4 10 Q1 11 Q2 11
20 (1) Excluding the equity losses from AMG’s 41.9% ownership in Timminco
Limited and loss on debt extinguishment
21. Financial Highlights
2011 Q2 Revenue 2011 Q2 Gross Profit
$368.3 million $69.0 million
21 in millions
22. Capital Base
Cash and Debt – June 30, 2011 Summary
( in millions)
Cash Debt ■ Cash: $61.1 million
$267.1
■ Total debt: $278.5 million
$234.8 $237.1
■ Net debt: $217.3 million
$204.3
■ Debt to capitalization: 0.52x
■ Net Debt to TTM EBITDA:
2.25x
■ Revolver availability: $44.8 million
$84.6 $90.2 $89.3 ■ Total liquidity $105.9 million
$61.1
$66.1
Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 ■ AMG’s primary debt is a $300 million
term loan and revolving credit facility
■ 5 year term
22
23. Recent Developments
■ AMG completed a new $300 million term debt and revolving credit
facility that does not expire until April 2016
■ AMG commenced antimony mining operations in Turkey during Q2
2011
■ AMG expects to produce 50 MT of crude oxide per month
beginning in Q3 2011
■ AMG began a three-year JV with ENRESA and CIEMAT to develop
technologies enabling safe final disposal of nuclear contaminated
graphite
23
24. Outlook
■ Advanced Materials
■ Stable demand; strong prices for chromium, antimony and tantalum
■ Antimony mine ramp up ongoing; production beginning in H2 2011
■ Engineering Systems
■ Backlog is stable
■ Own and Operate business is growing to meet demand
■ Graphit Kropfmühl
■ Improved silicon metal and natural graphite pricing; 2011e revenue >$150M
■ AMG targets EBITDA growth greater than 25% in 2011
24
26. Consolidated Balance Sheet
Balance Sheet Actual
As of December 31, 2010 June 30, 2011
Fixed assets 228.6 262.0
Goodwill and intangibles 27.0 33.6
Other non-current assets 80.7 80.7
Inventories 207.2 258.2
Receivables 175.4 216.9
Other current assets 46.8 53.2
Cash 89.3 61.1
TOTAL ASSETS 855.1 965.7
TOTAL EQUITY 234.0 254.4
Long-term debt 187.8 219.8
Pension liabilities 88.4 98.2
Other long-term liabilities 52.9 65.5
Current debt 49.3 58.7
Accounts payable 102.3 117.5
Advance payments 49.6 45.7
Accruals 43.3 57.0
Other current liabilities 47.5 48.9
TOTAL LIABILITIES 621.1 711.3
TOTAL LIABILITIES & EQUITY 855.1 965.7
26 in millions
27. Consolidated Income Statement
Income Statement Actual
Quarter-to-date June Q2 2010 Q2 2011
Revenue 243.5 368.3
Cost of sales 199.1 299.3
Gross profit 44.5 69.0
Selling, general & admin. 29.9 44.8
Asset impairment & restructuring - 2.2
Environmental 0.2 0.1
Other income (0.3) (0.9)
Operating profit 14.7 22.8
Net finance costs 1.9 9.1
Share of loss of associates (5.0) (1.7)
Profit before income taxes 7.8 12.0
Income tax expense 7.1 7.8
Profit for the period 0.6 4.2
Attributable to:
Shareholders of the Company 1.2 3.4
Non-controlling interest (0.5) 0.9
Adjusted EBITDA 23.9 31.4
27 in millions
28. Consolidated Statement of Cash Flows
Cash Flow Statement Actual
For the six months ended June 30, 2010 June 30, 2011
EBITDA 45.9 57.6
+/- Change in operating assets/liabilities (35.7) (46.7)
-Interest paid, net (7.4) (5.1)
Other operating cash flow (1.7) 3.7
Cash flows from operations before taxes 1.1 9.5
Income tax paid (21.4) (21.6)
Total cash flows used in operations (20.3) (12.1)
Capital expenditures (12.0) (19.9)
Other investing activities (10.0) (24.0)
Cash flows used in investing activities (22.0) (43.9)
Cash flows from financing activities 21.2 23.9
Net decrease in cash (21.1) (32.1)
Beginning cash 117.0 89.3
Effects of exchange rates on cash (11.3) 3.9
Ending cash 84.6 61.1
28 in millions