AMG Critical Materials N.V.

Good day, everyone, and welcome to today's AMG Q4 and full year 2024 earnings conference call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question and answer session. You may register to ask a question at any time by pressing the star and one on your telephone keypad. Please note, this call is being recorded And I'll be standing by if you should need any assistance. It is now my pleasure to turn the conference over to Michelle Fisher. Please go ahead.

MICHELLE FISHER, Welcome to AMG's fourth quarter 2024 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, Mr. Eric Jackson, the Chief Operating Officer, and Mr. Michael Connor, the Chief Corporate Development Officer. AMG's fourth quarter 2024 earnings press release issued yesterday is on AMG's website. Today's call will begin with a review of the fourth quarter 2024 business highlights by Dr. Schimelbusch. Mr. Conner will comment on strategy. Mr. Dunkel will comment on AMG's financial results, and Mr. Jackson will discuss operations. At the completion of Mr. Jackson's remarks, Dr. Schimelbusch will comment on outlook. We will then open the line to take your questions. Before I pass the call to Dr. Schimmelbusch, I would like to expressly refer you to our statements on forward-looking statements and the meaning thereof, as we have used at all previous occasions and we will use at this earnings call, in which explanatory statement has been published as part of our financial presentation and on our website, all in connection with this earnings call. I will now pass the floor to Dr. Schimmelbusch, AMG's Chairman of the Management Board and Chief Executive Officer.

Thank you, Michelle. We delivered a strong EBTA of 168 million for the full year in 24, despite exceptionally low lithium and vanadium prices. The lithium and vanadium prices dropped 65% and 23% respectively. This of 168 is AMG's highest EBTA apart from the 2018 peak, in vanadium prices and the 2022 and 2023 peak in lithium pricing. AMG Technologies' performance was exceptionally strong in 2024 with adjusted full-year EBITDA of 68 million, more than double that of 2023. AMG Engineering secured a record-breaking 380 million order intake during 24, and the order backlog stands at $374 million at the end of 24. The results of the year 24 illustrate the value of our portfolio, where the downturn of key prices is partly compensated by strong performance by other portfolio constituents, and in this case, particularly AMG Technologies. I will now hand it over to Mike to speak about our growth initiatives. Mike?