AMG Critical Materials N.V.

we're about to begin. Good day, everyone, and welcome to the AMG Earnings Q3 2022 conference call. Today's call is being recorded, and now I'd like to turn the call over to Michelle Fisher. Please go ahead.

Welcome to AMG's third quarter 2022 earnings call. Joining me on this call are Dr. Hein 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 2022 earnings press release issued yesterday is on AMG's website. Today's call will begin with a review of the third quarter 2022 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. The forward-looking statements are not historical facts but may include statements concerning AMG's plans, expectations, future revenues or performance, financing needs, plans and intentions relating to acquisition, AMG's competitive strengths and weaknesses, reserves, financial position, and future operations and development, AMG's business strategy and the trends 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 expects, believes, anticipates, plans, may, 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 of the date of this conference call. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in AMG's expectations with regard thereto or any changes in events, conditions or circumstances on which any forward-looking statement is based. I will now pass the call to Dr. Schimmelbusch, AMG's Chairman of the Management Board and Chief Executive Officer.

Thank you, Michelle. AMG generated its largest quarterly EBTA to date in the third quarter of 22. EBTA was 103 million, 26% higher than the previous record-setting quarterly EBTA of 81 million, in the second quarter of 2022. This outstanding result was largely driven by AMG Lithium. The continued strength in both lithium demand and our low-cost position led to improved profitability in AMG Lithium in Brazil. The mission of AMG Lithium is to be the number one producer of electrical vehicle battery materials in Europe by expanding production of battery-grade hydroxide and by vertically integrating its Brazilian spodumene production and pursuing further mineral resource crossings. ANG has consolidated its lithium value chain under one legal entity and is currently aligning its lithium management and governance structures to further increase the long-term value of its lithium activities. Accordingly, we are preparing a resegmentation of EMG to be approved by the supervisory board in December and become effective on January 1, 2023. The new vanadium spent catalyst recycling facility in Sainsville, Ohio, which started operating October 29, 2022, is a clear manifestation of EMG's industry leadership in the recycling of hazardous refinery waste globally. We are extremely pleased about the successful startup of both the roaster and the melt shop, and we expect to ramp up to full production, which will take between three to four months. SARBV, the Shell AMG Recycling joint venture. UCI, together with UCI, United Company of Industries in Saudi Arabia, continues to advance the first project of the so-called super center in conjunction with Aramco. Plant design, optimization, site selection, and permitting activities are progressing. And the FEL3 Partnering with Hatch is expected to begin later this month. The SRBV UCI Aramco Consortium are also developing a pipeline for projects which will conclude with the deployment of AMG's LIWA hybrid energy storage system technology. AMG's innovative LIWA battery for industrial power management applications has successfully started up at our plant in Harzenberg, Germany, paving the way for several other projects under development. I would now like to pass the floor to Jackson Dunkel, AMG's Chief Financial Officer. Jackson?