AMG Critical Materials N.V.

Today and welcome to AMG's Q3 2021 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Ms. Michelle Fisher, Vice President of Investor Relations. Please go ahead.

Welcome to AMG's third quarter 2021 earnings call. Joining me on this call are Dr. Chaim Schimmelbusch, the Chairman of the Management Board and Chief Executive Officer Mr. Jackson Dunkel, the Chief Financial Officer, and Mr. Eric Jackson, the Chief Operating Officer. AMG's third quarter 2021 earnings press release issued yesterday is on AMG's website. Today's call will begin with a review of the third quarter 2021 business highlights by Dr. Schimmelbusch. Mr. Dunkel will comment on AMG's financial results, and Mr. Jackson will discuss operations. At the completion of Mr. Jackson's remarks, Dr. Schimmelbusch will comment on strategy and outlook. We will then open the call to take your questions. Before I pass the call to Dr. Schimmelbusch, I would like to comment on forward-looking statements. This conference call could contain forward-looking statements about AMG Advanced Metallurgical Group. Forward-looking statements are not historical facts but may include statements concerning AMG's plan, expectations, future revenues or performance, financing needs, plans, and intentions relating to acquisitions, AMG's competitive strengths and weaknesses, reserves, financial position and future operations and development, AMG's business strategy and the trends that AMG anticipates in the industries and the political and legal environment in which it operates, and other similar or different information that is not historical information. When used in this conference call, the words expect, believe, anticipate, plan, may, will, should, and similar expressions and the negatives thereof are intended to identify forward-looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that any predictions, forecasts, or similar projections contained by such forward-looking statements will not be achieved. These forward-looking statements speak only as the date of this conference call. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in AMG's expectations, with regard thereto or any change in events, conditions, or circumstances on which any forward-looking statement is based. I will now pass the floor to Dr. Schimmelbusch, AMG's Chairman of the Management Board and Chief Executive Officer.

Thank you, Michelle. With regard to COVID, active cases at AMG have receded to a very low level. We continue to apply all safety measures at our disposal with the highest degree of attention. in order to ensure our employees are working in the lowest risk environment possible. AMG continues to sequentially improve EBITDA in the third quarter despite negative seasonal impacts. All of AMG's businesses are experiencing ongoing price increases and strong volumes. However, the operating environment has grown more challenging with increases in shipping times and costs and higher energy prices affecting every business unit. AMG passes those costs, increases through to customers where possible, and we will continue to actively manage these cost exposures going forward. All segments performed well, most notably our clean energy materials segment, where presently our major strategic projects are casted. This segment continues to deliver strong EBITDA, which increased 44% over the second quarter in 2021 to $18 million. the sixth straight quarter of sequentially increasing EVTA. The strategic projects are proceeding as planned. Each of these projects is oriented towards growing our production of electricity storage materials and or increasing our footprint in the circular economy. And each of these projects, the second spent catalyst recycling facility, Sodom in one plus, and the battery-grade lithium hydroxide upgrader in Germany will significantly enhance our profitability and contribute to meeting our long-term goals. Regarding our project execution capability, the construction of AMG's vanadium's second spent catalyst recycling facility in Sainsville, Ohio, continues to be on time and within budget. As a reminder, We have also met the spot of mean production costs and yield in Brazil that was targeted at the time of the project decision. In transforming into a high-growth company through projects of this kind, execution capability is a critical success factor. I would now like to pass the floor to Jackson Dunkel, AMG's Chief Financial Officer. Jackson.