AMAG Austria Metall : Q1/2022 Presentation

ALL-ROUND

APRIL 29, 2022

SUCCESS

DISCLAIMER

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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 April 20, 2022. 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 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 Q1 2022

AMAG Austria Metall AG

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HIGHLIGHTS

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HIGHEST QUARTERLY RESULT IN AMAG'S HISTORY

›	Excellent start to 2022 with high uncertainties for the further course of the year
›	Revenues up 60 % to EUR 399.0 million (Q1/2021: EUR 251.2 million)
›	EBITDA of EUR 68.0 million more than doubled (Q1/2021: EUR 30.3 million)
›	Net income after taxes up around sixfold to EUR 32.5 million
(Q1/2021: EUR 5.1 million)
›	Positive operating performance with high productivity at good capacity utilisation
levels in Ranshofen, as well as high aluminium price and stable production at
Canadian subsidiary Alouette
›	Outlook for 2022: Subject to secure energy supplies, energy price hedges in place,
and a sustained high aluminium price, full-year EBITDA of over EUR 200 million is
realistic
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Presentation Q1 2022

AMAG Austria Metall AG

Q1 2022 BUSINESS PERFORMANCE

Presentation Q1 2022

AMAG Austria Metall AG

SENTIMENT INDICATOR

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PURCHASING MANAGER INDEX* STILL POSITIVE

2020	2021	2022
Region/Country	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
World	50	47	48	40	42	48	51	52	52	53	54	54	54	54	55	56	56	56	55	54 54	54	54 54	53	54	53
Euro Zone	48	49	45	33	39	47	52	52	54	55	54	55	55	58	63	63	63	63	63	61	59	58	58	58	59	58	57
Austria	49	50	46	32	40	47	53	51	52	54	52	54	54	58	63	65	66	67	64	62	63	61	58	59	62	58	59
Germany	45	48	45	35	37	45	51	52	56	58	58	58	57	61	67	66	64	65	66	63	58	58	57 57	60	58	57
France	51	50	43	32	41	52	52	50	51	51	50	51	52	56	59	59	59	59	58	58	55	54	56	56	56	57	55
Italy	49	49	40	31	45	48	52	53	53	54	52	53	55	57	60	61	62	62	60	61	60	61	63	62	58 58	56
Spain	49	50	46	31	38	49	54	50	51	53	50	51	49	53	57	58	59	60	59	60	58	57	57	56 56	57	54
UK	50	52	48	33	41	50	53	55	54	54	56	58	54	55	59	61	66	64	60	60	57	58	58	58	57	58	55
USA	52	51	49	36	40	50	51	53	53	53	57	57	59	59	59	61	62 62	63	61	61	58	58	58	56	57	59
Canada	51	52	46	33	41	48	53	55	56	56	56	58	54	55	59	57	57	57	56	57	57	58	57	57	56	57	59
China	51	40	50	49	51	51	53	53	53	54	55	53	52	51	51	52	52	51	50	49	50	51	50	51	49	50	48
Japan	49	48	45	42	38	40	45	47	48	49	49	50	50	51	53	54	53	52	53	53	52	53	55	54	55	53	54

• › Sentiment still positive in Q1/2022 despite Ukraine conflict and ongoing COVID-19 crisis, with slight weakening in March 2022

• › IMF** downgrades 2022 global economic growth forecast by -0.8 % to 3.6 %; Eurozone forecast downgraded by -1.1 % to +2.8 %

*The purchasing managers' index refers to the manufacturing sector. Source: Bloomberg **International Monetary Fund, World Economic Outlook, April 2022

Presentation Q1 2022

AMAG Austria Metall AG

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