Presentation Q3 2023
October 25, 2023
T E A M A M A G
T E A M F U T U R E
DISCLAIMER | 2 |
Note
- The forecasts, budgets and forward-looking assessments and statements contained in this presentation were compiled on the basis of all information available to AMAG as of October 18, 2023. In the event that the assumptions underlying these forecasts prove to be incorrect, targets be missed, or risks materialise, actual results may diverge from those currently anticipated. We are not obligated to revise these forecasts in the light of new information or future events.
- This presentation was prepared and the data contained in it verified with the greatest possible care. Nevertheless, misprints and rounding and transmission errors cannot be ruled out entirely. In particular, AMAG and its representatives do not assume any responsibility for the completeness and correctness of information included in this presentation. This presentation is also available in German. In cases of doubt, the German-language version takes precedence.
- This presentation does not comprise either a recommendation or a solicitation to either purchase or sell securities of AMAG.
Presentation Q3 2023
AMAG Austria Metall AG
HIGHLIGHTS OF THE FIRST THREE QUARTERS 2023 3
SIGNIFICANT GROWTH IN OPERATING CASH FLOW
- Product and sector diversity as well as the interest held in the smelter in Canada secure solid earnings trend within a challenging environment
- Continued positive trend in demand from the aircraft sector; stable development in the automotive industry; sports and architectural products as well as industrial applications still at a low level
- Revenue of EUR 1,142.8 million significantly exceeds EUR 1 billion level (Q1-Q3/2022: EUR 1,353.9 million)
- EBITDA at EUR 166.0 million due to overall good performance in the operating divisions (Q1-Q3/2022:EUR 217.4 million)
- Net income after taxes at a solid level of EUR 69.7 million (Q1-Q3/2022:EUR 106.7 million)
- Significant growth in cash flow from operating activities to EUR 157.0 million (Q1-Q3/2022:EUR 40.5 million)
- Outlook for FY 2023: EBITDA range between EUR 175 million and EUR 195 million
Presentation Q3 2023
AMAG Austria Metall AG
FOUR AWARDS IN ONE WEEK … | 4 |
… CONFIRM SUCCESSFUL PATH IN A WIDE RANGE OF AREAS |
Effective Sustainability Communication Award
Austrian SDG Award | Green Business Data | Austria's Leading | ||
Award | Companies Award | |||
- Awarded for outstanding sustainability reporting for the third time in a row
› First place confirms | › AMAG wins award for |
ambition to implement the | holistic approach |
Global Sustainability Goals | combining digitalisation |
(SDG*) | and sustainability |
- Award for outstanding business performance in recent financial years
*Sustainable Development Goals (SDG) of the United Nations | Presentation Q3 2023 |
AMAG Austria Metall AG
Q1-Q3/2023 BUSINESS PERFORMANCE
Presentation Q3 2023
AMAG Austria Metall AG
MARKET AND SENTIMENT SITUATION | 6 |
CONTINUED WEAK PMI* BUT GOOD DEMAND IN TRANSPORT SECTOR
Region/Country | 2022 | 2023 | |||||||||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | |
World | 53 | 54 | 53 | 52 | 52 | 52 | 51 | 50 | 50 | 49 | 49 | 49 | 49 | 50 | 50 | 50 | 50 | 49 | 49 | 49 | 49 |
Euro Zone | 59 | 58 | 57 | 56 | 55 | 52 | 50 | 50 | 48 | 46 | 47 | 48 | 49 | 49 | 47 | 46 | 45 | 43 | 43 | 44 | 43 |
Austria | 62 | 58 | 59 | 58 | 57 | 51 | 52 | 49 | 49 | 47 | 47 | 47 | 48 | 47 | 45 | 42 | 40 | 39 | 39 | 41 | 40 |
Germany | 60 | 58 | 57 | 55 | 55 | 52 | 49 | 49 | 48 | 45 | 46 | 47 | 47 | 46 | 45 | 45 | 43 | 41 | 39 | 39 | 40 |
France | 56 | 57 | 55 | 56 | 55 | 51 | 50 | 51 | 48 | 47 | 48 | 49 | 51 | 47 | 47 | 46 | 46 | 46 | 45 | 46 | 44 |
Italy | 58 | 58 | 56 | 55 | 52 | 51 | 49 | 48 | 48 | 47 | 48 | 49 | 50 | 52 | 51 | 47 | 46 | 44 | 45 | 45 | 47 |
Spain | 56 | 57 | 54 | 53 | 54 | 53 | 49 | 50 | 49 | 45 | 46 | 46 | 48 | 51 | 51 | 49 | 48 | 48 | 48 | 47 | 48 |
UK | 57 | 58 | 55 | 56 | 55 | 53 | 52 | 47 | 48 | 46 | 47 | 45 | 47 | 49 | 48 | 48 | 47 | 47 | 45 | 43 | 44 |
USA | 56 | 57 | 59 | 59 | 57 | 53 | 52 | 52 | 52 | 50 | 48 | 46 | 47 | 47 | 49 | 50 | 48 | 46 | 49 | 48 | 50 |
Canada | 56 | 57 | 59 | 56 | 57 | 55 | 53 | 49 | 50 | 49 | 50 | 49 | 51 | 52 | 49 | 50 | 49 | 49 | 50 | 48 | 48 |
China | 49 | 50 | 48 | 46 | 48 | 52 | 50 | 50 | 48 | 49 | 49 | 49 | 49 | 52 | 50 | 50 | 51 | 51 | 49 | 51 | 51 |
Japan | 55 | 53 | 54 | 54 | 53 | 53 | 52 | 52 | 51 | 51 | 49 | 49 | 49 | 48 | 49 | 50 | 51 | 50 | 50 | 50 | 49 |
- Purchasing managers' index for manufacturing sector remains at very low level
- For AMAG, the PMI* is primarily a sentiment barometer for new order intake for industrial applications (mainly construction, mechanical engineering, architecture). Sports industry also influenced by special economic situation in previous years (bullwhip effect)
- Continued positive demand from the transport industry (rising aircraft build rates and stable demand for automotive products)
*Purchasing Managers' Index for the manufacturing sector. Source: Bloomberg
Presentation Q3 2023
AMAG Austria Metall AG
ALUMINIUM PRICE TREND | 7 |
LARGELY STABLE BELOW THE PREVIOUS YEAR'S LEVEL |
Aluminium price trend in USD/t | Ø Aluminium price (3-month LME) in USD/t | |
3,500 | -158 USD/t | -530 USD/t | ||
(-6.7 %) | (-18.7 %) | |||
High at 3,968 USD/t | 3,000 | 2,836 | ||
March 7, 2022 | ||||
2,500 | 2,358 | 2,200 | 2,306 | |
Currently at 2,186 USD/t | 2,000 | |||
October 18, 2023 | 1,500 | |||
1,000 | ||||
500 | ||||
0 | ||||
Source: London Metal Exchange (LME) | Presentation Q3 2023 |
AMAG Austria Metall AG
ALUMINA PRICE TREND | 8 |
OVERALL HIGHER PRICE LEVEL AS % OF ALUMINIUM PRICE |
Alumina price trend in USD/t | Ø Alumina price in USD/t and as % of LME | |
500 | -3 USD/t | -29 USD/t | ||
LME %: +0.9 ppt | LME %: +1.8 ppt | |||
High at 506 USD/t | ||||
March 21, 2022 | 400 | 376 | ||
339 | 336 | 347 | ||
Currently at 338 USD/t | 300 | |||
October 18, 2023 | ||||
200 | 14.4% | 15.3% | 15.1% | |
13.3% | ||||
100 | ||||
0 | ||||
Source: Bloomberg | Presentation Q3 2023 |
AMAG Austria Metall AG
AMAG GROUP SHIPMENTS | 9 |
SHIPMENTS OF ROLLED PRODUCTS DOWN DUE TO MARKET CONDITIONS
Shipment volumes (external) in tonnes
Q1-Q3/2022
Q1-Q3/2023
319,200
-4.9 %
303,700
0 | 100,000 | 200,000 | 300,000 |
Change in shipment volumes compared to Q1-Q3/2022 in tonnes
Metal: +100 Continued stable production levels at Canadian smelter ensure constantly high shipment volume
Casting: +/-0 Stable new order intake from the automotive industry served with unchanged high productivity level
Rolling: -15,600 Positive trend in the aircraft industry and stable shipments in the automotive sector lessen market-related reductions in industrial applications, sports and architecture
Presentation Q3 2023
AMAG Austria Metall AG
ROLLING DIVISION: SHIPMENTS BY INDUSTRY | 10 |
FLEXIBILITY IN THE PRODUCT PORTFOLIO HAS A STABILISING EFFECT
Packaging | |
Sports/architecture/ | |
electronics/others | -4 kto |
Specialty products | |
6% | |
for numerous industries | |
+2 kto | |
13% |
Heat exchangers
Industrial applications
Sheets and plates for many different industries
+1 kto | Automotive (OEM) |
20% |
+2 kto
21%
Aircraft
+4 kto
14%
-19 kto | -1 kto |
3% | |
24% | |
Other transport | |
In each case, the change in volume is shown compared with the previous year (Q1-Q3/2022) in thousands of tonnes, as well as the percentage share of total shipments in Q1-Q3/2023 in the Rolling Division.
Presentation Q3 2023
AMAG Austria Metall AG
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
AMAG - Austria Metall AG published this content on 25 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2023 07:12:05 UTC.