Altech Advanced Materials : Preliminary annual result as of 31.12.2020

Altech Advanced Materials AG - Preliminary annual result as of 31.12.2020

Frankfurt am Main (pta024/15.01.2021/18:20) - Altech Advanced Materials AG ("AAM / the Company") (FRA: AMA1) closed its fiscal year 2020 with a preliminary net loss (individual financial statements according to HGB) of approximately 621 TEUR (previous year: approx. -408 TEUR).

The preliminary annual result includes other operating income of around 24 TEUR (previous year: around 138 TEUR)

as well as personnel expenses of around 160 TEUR (previous year: 114 TEUR), write-downs on marketable securities

of around 2 TEUR (previous year: around 77 TEUR) and other operating expenses of around 474 TEUR (previous year:

around 370 TEUR). The financial result amounted to approximately -8 TEUR (previous year: approximately 16 TEUR).

Other operating expenses mainly comprise costs for legal advice (126 TEUR), costs in connection with one of the members of the Board of Management (115 TEUR), costs for capital market listing and communication (79 TEUR), Supervisory Board remuneration (90 TEUR), and financial statement/audit costs of (26 TEUR).

The preliminary balance sheet as of December 31, 2020 in accordance with the German Commercial Code (HGB) shows equity of approximately 969 TEUR (previous year: 486 TEUR).

In the forecast report of the last half-yearly financial statements for 2020, the Executive Board assumed a loss of around 600 TEUR. This expectation was underperformed by an estimated 21 TEUR.

The aforementioned preliminary result is based on the preliminary valuation of the past 2020 financial year carried out by the Executive Board on January 15, 2021. The figures stated in this announcement are subject to the final preparation of the annual financial statements, the audit of the financial statements and the approval of the annual financial statements by the Supervisory Board.

The Management Board

About Altech Advanced Materials AG

Altech Advanced Materials AG ("AAM") is planning to invest up to 49% in Altech Chemicals' subsidiary, Altech Chemicals Australia PTY LTD ("Altech Australia") for up to $100 million.

Altech Australia is building a production plant for high-purity alumina (99.99%; 4N HPA) for 4,500 tons p.a. in Malaysia and also has its own deposit for mining the main raw material kaolin. 4N HPA is required, among other things, for the production of LED lights and as a separator for lithium-ion batteries, which are needed, for example, for electric vehicles and smartphones. Demand for 4N HPA is expected to grow by an average of 30% p.a. until 2028, according to market studies. Altech Australia's proprietary process allows HPA to be manufactured as a cost leader, as the HPA can be extracted directly from kaolin. This enables production without the use of energy-intensive aluminum. The purchase of the production volume for the first 10 years has been secured by an off-take agreement with Mitsubishi Australia and the production capacity and quality is guaranteed by the German plant manufacturer SMS group GmbH from Düsseldorf, which has also agreed to provide equity capital for the Altech HPA project.

The total project has a remaining investment volume of approximately USD 390 million, of which KfW-IPEX Bank has already committed USD 190 million under certain conditions and SMS group GmbH has already made an equity commitment of USD 10 million. Altech Chemicals Limited is currently in discussions with mezzanine capital lenders regarding the provision of USD 90 million in. The remaining USD 100 million is to be provided by AAM.

Altech Advanced Materials AG	Ziegelhäuser Landstraße 3
69120 Heidelberg, Germany
FRA: AMA1
Telephone: + 49 (6221) 649 24 0
	Fax: + 49 (6221) 649 24 72

Vorstand: Hansjörg Plaggemars, Iggy Tan, Uwe Ahrens

Vorsitzender des Aufsichtsrats: Dr. Burkhard Schäfer

Sitz der Gesellschaft: Frankfurt am Main

Registergericht: Amtsgericht Frankfurt am Main, HRB 118874

Contact:

Altech Advanced Materials AG Management Board Hansjörg Plaggemars Ziegelhäuser Landstrasse 3

69120 Heidelberg

E-mail: [e-mail]

Tel: [phone]

For more information, visit

www.altechadvancedmaterials.com.

ISIN: DE000A2LQUJ6 (share) Stock exchanges: Regulated market in Frankfurt; Regulated unofficial market in Düsseldorf; Regulated unofficial market in Berlin

Altech Advanced Materials AG	Ziegelhäuser Landstraße 3,
FRA: AMA1	Telephone:+ 49 (6221) 649 24 0
Heidelberg, 69120 Germany
HRB 731927

Altech Advanced Materials AG	Ziegelhäuser Landstraße 3,
FRA: AMA1	Telephone:+ 49 (6221) 649 24 0
Heidelberg, 69120 Germany
HRB 731927