Slides
Page 1
Competence in ALUMINIUM Presentation Q1-Q3/2025 30 October 2025
Page 2
2 2 Presentation Q1-Q3/2025 AMAG Austria Metall AG DISCLAIMER › The forecasts, plans, forward-looking assessments and statements contained in this presentation were made on the basis of all information available to AMAG up to 17 October 2025. The economic and trade policy environment has changed several times in recent months. Internal calculations/earnings analyses are based on various assumptions. These include, among other things, the continued validity of global US import duties on aluminium products. If the assumptions underlying the forecasts do not materialise, targets are not achieved or risks arise, actual earnings may differ from those currently anticipated. We undertake no obligation to update such forecasts in light of new information or future events. › This presentation has been prepared with the utmost care and the data has been checked. However, rounding, transmission or printing errors cannot be ruled out. AMAG and its representatives accept no liability for the completeness and accuracy of the information contained in this presentation. This presentation is also available in German, whereby the German version shall prevail in case of doubt. › This presentation does not constitute a recommendation or invitation to buy or sell AMAG securities.
Page 3
3 3 Presentation Q1-Q3/2025 AMAG Austria Metall AG HIGHLIGHTS OF THE FIRST THREE QUARTERS OF 2025 › Rapidly implemented measures enabled largely stable earnings development in Q3/2025 and supported performance in the first nine months › Revenues recorded growth of +5.4% to EUR 1,137.0 million (Q1-Q3/2024: EUR 1,078.7 million) due to higher aluminium prices › At EUR 114.2 million, EBITDA already exceeds the lower end of the range communicated for the full year 2025 (-22.6% compared to Q1-Q3/2024: EUR 147.6 million) › Net income after taxes at EUR 33.8 million (-37.7% compared to Q1-Q3/2024: EUR 54.3 million) › Cash flow from operating activities recorded a growth of +23.3% to EUR 134.8 million (Q1-Q3/2024: EUR 109.3 million) › Outlook for the 2025 financial year: EBITDA expected to be at the upper end of the communicated range (EUR 110 million to EUR 130 million), although experience shows that valuation effects can have a noticeable impact HIGH RESILIENCE IN A PERSISTENTLY DIFFICULT ENVIRONMENT
Page 4
Presentation Q1-Q3/2025 AMAG Austria Metall AG MARKET AND SHIPMENTS Q1-Q3/2025
Page 5
5 5 Presentation Q1-Q3/2025 AMAG Austria Metall AG SENTIMENT INDICATOR PURCHASING MANAGERS' INDEX* SHOWS SLIGHT CONFIDENCE › Global growth threshold of 50 narrowly exceeded; no significant change in sentiment in the eurozone › No improvement in sentiment apparent for Austria, but stabilisation trends noted in Germany (growth threshold of 50 reached again for the first time since 2022) *The Purchasing Managers' Index (PMI) for the manufacturing sector is shown. Source: Bloomberg 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 Apr May Jun Jul Aug Sep World 49 50 50 50 50 49 49 49 49 49 49 49 50 50 51 50 51 51 50 50 49 49 50 50 50 51 50 50 50 50 50 51 51 Euro Zone 49 49 47 46 45 43 43 44 43 43 44 44 47 47 46 46 47 46 46 46 45 46 45 45 47 48 49 49 49 50 50 51 50 Austria 48 47 45 42 40 39 39 41 40 42 42 42 43 43 42 44 46 44 43 44 43 42 45 43 46 47 47 47 48 47 48 49 48 Germany 47 46 45 45 43 41 39 39 40 41 43 43 46 43 42 43 45 44 43 42 41 43 43 43 45 47 48 48 48 49 49 50 50 France 51 47 47 46 46 46 45 46 44 43 43 42 43 47 46 45 46 45 44 44 45 45 43 42 45 46 49 49 50 48 48 50 48 Italy 50 52 51 47 46 44 45 45 47 45 44 45 49 49 50 47 46 46 47 49 48 47 45 46 46 47 47 49 49 48 50 50 49 Spain 48 51 51 49 48 48 48 47 48 45 46 46 49 52 51 52 54 52 51 51 53 55 53 53 51 50 50 48 51 51 52 54 52 UK 47 49 48 48 47 47 45 43 44 45 47 46 47 48 50 49 51 51 52 53 52 50 48 47 48 47 45 45 46 48 48 47 46 USA 47 47 49 50 48 46 49 48 50 50 49 48 51 52 52 50 51 52 50 48 47 49 50 49 51 53 50 50 52 53 50 53 52 Canada 51 52 49 50 49 49 50 48 48 49 48 45 48 50 50 49 49 49 48 50 50 51 52 52 52 48 46 45 46 46 46 48 48 China 49 52 50 50 51 51 49 51 51 50 51 51 51 51 51 51 52 52 50 50 49 50 52 51 50 51 51 50 48 50 50 51 51 Japan 49 48 49 50 51 50 50 50 49 49 48 48 48 47 48 50 50 50 49 50 50 49 49 50 49 49 48 49 49 50 49 50 49 20242023 2025
Page 6
6 6 Presentation Q1-Q3/2025 AMAG Austria Metall AG TOTAL SHIPMENTS OF THE AMAG GROUP SHIPMENTS ROUGHLY ON PAR WITH PREVIOUS YEAR Total shipments in tonnes Change in total shipment volume compared to Q1-Q3/2024 in tonnes Q1-Q3/2024 Q1-Q3/2025 323,300 320,800 -1% -4,800 -2,800 +5,100 Metal: Lower shipments of primary aluminium from the Canadian Alouette smelter due to temporarily lower number of active pots Casting: Market-driven lower shipments of recycled cast alloy Rolling: Volume increase in industrial applications and packaging products more than offsets decreases, primarily in the transport sector
Page 7
7 7 Presentation Q1-Q3/2025 AMAG Austria Metall AG ROLLING DIVISION: SHIPMENTS BY INDUSTRY HIGH PRODUCT AND INDUSTRY DIVERSITY HAS A STABILISING EFFECT Percentages show the industry share of total shipments Q1-Q3/2025. 18% 13% 3% 35% 12% 6% 15% Automotive (OEM) Aerospace Other transport (lorries) Industrial applications Heat exchanger Sport/Architecture/ Electronics/Other Packaging Deviation from Q1-Q3/2024 -2.9 kt (-2 pp) -3.0 kt (-2 pp) -1.4 kt (-1 pp) +12.6 kt (+7 pp) -0.8 kt (-1 pp) +0.8 kt (-1 pp) +1.4 kt (+/-0 pp)
Page 8
8 8 Presentation Q1-Q3/2025 AMAG Austria Metall AG ROLLING DIVISION: ORDER DEVELOPMENT AVERAGE ORDER BACKLOG OF OVER 50 THOUSAND TONNES › Decrease in average order backlog in Q3/2025: › Subdued order intake in the transport sector › Order growth in industrial applications and packaging products has a stabilising effect › US tariffs continue to cause shifts in global goods flows and thus also influence order development 0 50 100 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 Q2/2025 Q3/2025 [in thousands of tonnes]
Page 9
Presentation Q1-Q3/2025 AMAG Austria Metall AG BUSINESS PERFORMANCE Q1-Q3/2025
Page 10
10 10 Presentation Q1-Q3/2025 AMAG Austria Metall AG ALUMINIUM PRICE DEVELOPMENT ALUMINIUM PRICE INCREASE OF 160 USD/t COMPARED TO Q1 -Q3/2024 Aluminium price development in USD/t Ø Aluminium price (3-month LME) in USD/t Source: London Metal Exchange (LME) 0 500 1,000 1,500 2,000 2,500 3,000 Q3/2024 Q3/2025 Q1-Q3/2024 Q1-Q3/2025 2,421 2,617 2,407 2,570 +8% +7% 01/2023 07/2023 01/2024 07/2024 01/2025 07/2025 2,000 2,200 2,400 2,600 2,800 3,000 2,776 USD/t as at 17 October 2025
Page 11
11 11 Presentation Q1-Q3/2025 AMAG Austria Metall AG US MIDWEST PREMIUM DEVELOPMENT US TARIFFS LEAD TO SIGNIFICANTLY HIGHER PREMIUMS US premium development (duty paid) in USD/t Ø US Midwest premium (duty paid) in USD/t 412 415 0 400 800 1,200 1,600 2,000 Q3/2024 Q3/2025 Q1-Q3/2024 Q1-Q3/2025 1,566 1,094 +280% +163% 01/2023 07/2023 01/2024 07/2024 01/2025 07/2025 0 400 800 1,200 1,600 2,000 1,832 USD/t as at 17 October 2025 Announcement of US tariffs (25%), 10 February 2025 Source: S&P Global Commodity Insights, ©2025 by S&P Global Inc. Announcement of US tariffs (50%), end of May 2025
Page 12
12 12 Presentation Q1-Q3/2025 AMAG Austria Metall AG Alumina price development in USD/t Ø Alumina price in USD/t and in % of LME ATTRACTIVE PRICE LEVEL SUPPORTS METAL DIVISION Source: S&P Global Commodity Insights, ©2025 by S&P Global Inc. 01/2023 07/2023 01/2024 07/2024 01/2025 07/2025 0 200 400 600 800 1,000 317 USD/t as at 17 October 2025 506 357 435 409 0 100 200 300 400 500 600 20.9% Q3/2024 13.6% Q3/2025 18.1% Q1-Q3/2024 15.9% Q1-Q3/2025 -29.5% -6.1% PRICE DEVELOPMENT OF ALUMINA
Page 13
13 13 Presentation Q1-Q3/2025 AMAG Austria Metall AG REVENUES OF AMAG GROUP INCREASE OF AROUND +5% DUE TO HIGHER ALUMINIUM PRICES Revenues in EUR million Revenue reconciliation compared to Q1-Q3/2024 in EUR million Q1-Q3/2024 Q1-Q3/2025 1,078.7 1,137.0 4.0 729.1110.2235.3 5.6 793.7101.9235.8 +5% Metal Casting Rolling Service Q1-Q3/2024 Aluminium price +3.4Price/premiums -3.6Volume/mix +2.5Other Q1-Q3/2025 1,078.7 1,137.0 +56.0
Page 14
14 14 Presentation Q1-Q3/2025 AMAG Austria Metall AG EBITDA OF AMAG GROUP INCREASED PRICE MOMENTUM AMID HIGHER RAW MATERIAL AND ENERGY COSTS EBITDA reconciliation compared to Q1-Q3/2024 in EUR million EBITDA in EUR million Q1-Q3/2024 Q1-Q3/2025 147.6 114.2 -23% Q1-Q3/2024 Aluminium price -30.3Price/premiums -29.2Raw materials/energy +2.8Volume/mix +6.0Other Q1-Q3/2025 147.6 +17.3 114.2 Approximately 60% raw materials and approximately 40% energy
Page 15
15 15 Presentation Q1-Q3/2025 AMAG Austria Metall AG EBITDA CHANGE BY DIVISION DEVIATIONS DUE TO ADVERSE CONDITIONS EBITDA change compared to Q1-Q3/2024 in EUR million Metal Division Casting Division Rolling Division Service Division › Lower primary aluminium shipments due to a temporary decrease in the number of active pots › Higher aluminium price and attractive alumina market prices noticeably cushion the negative impact on earnings resulting from US import tariffs › Increase in shipments of aluminium rolled products thanks to product mix shifts › Changed product mix, tariff-affected market environment and growing price dynamics increase pressure on earnings quality; measures taken have a stabilising effect › Slightly lower shipments of recycled cast alloy due to weak market environment › High flexibility and productivity cushion current weakness in demand in the automotive sector › Earnings roughly on a par with previous year -21.3 -2.5 -9.5 -0.1
Page 16
16 16 Presentation Q1-Q3/2025 AMAG Austria Metall AG EBITDA OF AMAG GROUP IN Q3/2025 EARNINGS AFFECTED BY US TARIFFS AND WEAKENED ENVIRONMENT EBITDA reconciliation compared with the third quarter of 2024 in EUR million EBITDA in EUR million Q3/2024 +2.1Aluminium price -13.8Price/premiums -2.9Raw materials/energy -5.4Volume/mix +1.3Other Q3/2025 52.2 33.5 52.2 33.5 Q3/2024 Q3/2025 -36% Particularly due to US tariffs and increased price dynamics
Page 17
17 17 Presentation Q1-Q3/2025 AMAG Austria Metall AG NET INCOME AFTER TAXES OF AMAG GROUP DECREASE DUE TO LOWER OPERATING PROFIT Net income after taxes in EUR million Net income after taxes reconciliation compared to Q1-Q3/2024 in EUR million Q1-Q3/2024 Q1-Q3/2025 54.3 33.8 -38% Q1-Q3/2024 -33.4EBITDA Depreciation -1.3Financial result Income taxes Q1-Q3/2025 54.3 +5.8 +8.3 33.8
Page 18
18 18 Presentation Q1-Q3/2025 AMAG Austria Metall AG Cash flow from operating activities in Q1-Q3/2025 › In addition to operating profit (EBITDA) of around EUR 114 million, successfully implemented working capital measures had a positive effect CASH FLOW OF AMAG GROUP FREE CASH FLOW GROWTH OF +134% Cash flow from investing activities in Q1-Q3/2025 › Targeted reduction in investment volume by over 40% 109.3 134.8 -69.0 -40.6 40.2 94.2 +23% -41% +134% Q1-Q3/2024 Q1-Q3/2025 [in million EUR] Free cash flow in Q1-Q3/2025 › Free cash flow benefits from high operating cash flow and significant decrease in investments
Page 19
19 19 Presentation Q1-Q3/2025 AMAG Austria Metall AG FINANCIAL FIGURES AT A GLANCE KEY FIGURES FOR AMAG GROUP IN EUR MILLION Q1-Q3/2025 Q1-Q3/2024 Change (%) Q3/2025 Q3/2024 Change (%) Total shipments in tonnes 320,800 323,300 -0.8 100,400 109,100 -8.0 Revenues 1,137.0 1,078.7 +5.4 350.8 370.9 -5.4 EBITDA 114.2 147.6 -22.6 33.5 52.2 -35.8 EBITDA margin in % 10.0 13.7 9.6 14.1 Operating profit (EBIT) 53.2 80.7 -34.1 14.5 30.0 -51.8 EBIT margin in % 4.7 7.5 4.1 8.1 Net income after taxes 33.8 54.3 -37.7 10.4 20.9 -50.3 Earnings per share in EUR 0.96 1.54 -37.7 0.29 0.59 -50.3
Page 20
20 20 Presentation Q1-Q3/2025 AMAG Austria Metall AG AMAG GROUP BALANCE SHEET FIGURES (1/2) NET FINANCIAL DEBT SIGNIFICANTLY REDUCED Net financial debt in EUR million EBITDA (LTM) in EUR million and Net debt/EBITDA* The figures shown are EBITDA for the last 12 months (LTM) and Net debt/EBITDA ratio as at the respective reporting date. 364 357 390 384 382 356 386 344 0 100 200 300 400 31/12/ 2023 31/03/ 2024 30/06/ 2024 30/09/ 2024 31/12/ 2024 31/03/ 2025 30/06/ 2025 30/09/ 2025 -10% 188 170 166 170 179 183 164 146 0 50 100 150 200 1.9 31/12/ 2023 2.1 31/03/ 2024 2.3 30/06/ 2024 2.3 30/09/ 2024 2.1 31/12/ 2024 1.9 31/03/ 2025 2.3 30/06/ 2025 2.4 30/09/ 2025 -19%
Page 21
21 21 Presentation Q1-Q3/2025 AMAG Austria Metall AG AMAG GROUP BALANCE SHEET FIGURES (2/2) EQUITY RATIO AND CASH EQUIVALENTS RECORDED GROWTH Equity in EUR million and Equity ratio in % Cash and Cash equivalents in EUR million 169 178 144 277 279 306 197 333 0 100 200 300 400 31/12/ 2023 31/03/ 2024 30/06/ 2024 30/09/ 2024 31/12/ 2024 31/03/ 2025 30/06/ 2025 30/09/ 2025 +19%746 768 730 752 741 760 736 736 0 200 400 600 800 46.1% 31/12/ 2023 47.0% 31/03/ 2024 44.6% 30/06/ 2024 42.1% 30/09/ 2024 42.3% 31/12/ 2024 41.7% 31/03/ 2025 44.3% 30/06/ 2025 42.5% 30/09/ 2025 -1%
Page 22
22 Presentation Q1-Q3/2025 AMAG Austria Metall AG METAL DIVISION ATTRACTIVE PRICE LEVELS FOR ALUMINIUM AND ALUMINA › Shipment volume down on the previous year due to a temporary reduction in the number of active pots › Attractive aluminium prices combined with low market prices for alumina are currently strengthening earnings performance and were thus able to noticeably cushion the negative impact of tariffs in Q3/2025 › Valuation effects have a positive impact of around EUR +5 million on Q1-Q3/2025 earnings EBITDA development in EUR million Q1 Q2 Q3 Q4 18.4 17.2 20.6 17.5 25.7 11.3 19.4 24.2 14.0 12.3 9.8 2023 2024 2025 *Since July 2024, holiday interns are no longer included (adjustment also made retroactively for Q1-Q3/2024). IN EUR MILLION Q3 2025 Q3 2024 Change (%) Q1-Q3 2025 Q1-Q3 2024 Change (%) Total shipments in tonnes 28,500 32,400 -12.0 92,200 97,000 -4.9 External shipments in tonnes 28,500 32,400 -12.0 92,200 97,000 -4.9 Revenues 240.5 273.8 -12.2 825.1 783.9 +5.3 External revenue 68.3 81.7 -16.4 235.8 235.3 +0.2 EBITDA 14.0 24.2 -42.2 45.8 67.1 -31.7 EBIT 9.3 17.2 -46.0 28.3 46.0 -38.3 Ø Employees (FTE)* 197 205 -3.5 197 203 -3.1
Page 23
23 Presentation Q1-Q3/2025 AMAG Austria Metall AG CASTING DIVISION MARKET ENVIRONMENT REMAINS CHALLENGING › Shipment volume continues to be affected by the difficult environment in the European automotive industry › High flexibility, productivity and cost efficiency cushion negative impact on earnings due to high price dynamics coupled with high site costs EBITDA development in EUR million Q1 Q2 Q3 Q4 4.1 2.2 0.9 3.0 2.1 2.3 3.7 2.2 0.8 0.2 0.5 2023 2024 2025 IN EUR MILLION Q3 2025 Q3 2024 Change (%) Q1-Q3 2025 Q1-Q3 2024 Change (%) Total shipments in tonnes 22,500 24,700 -8.9 70,400 73,200 -3.8 External shipments in tonnes 14,800 15,400 -3.9 44,200 47,700 -7.3 Revenues 35.8 40.6 -11.7 113.2 120.7 -6.3 External revenue 32.4 36.8 -11.8 101.9 110.2 -7.5 EBITDA 0.8 2.2 -63.6 3.9 6.5 -39.2 EBIT 0.2 1.6 -86.7 2.2 4.8 -54.5 Ø Employees (FTE) 112 124 -9.1 116 123 -6.2
Page 24
24 Presentation Q1-Q3/2025 AMAG Austria Metall AG ROLLING DIVISION EARNINGS LARGELY STABLE IN Q1- Q3/2025 › Declines in sales, especially in the transport sector, were more than offset by increases in industrial applications and packaging products › Product mix adjustments, high price sensitivity and high location costs (especially energy and personnel) reduced earnings quality compared with the previous year › Valuation effects had a positive impact of around EUR +11 million on Q1-Q3/2025 earnings EBITDA development in EUR million Q1 Q2 Q3 Q4 40.0 22.5 24.4 37.4 24.8 20.9 25.7 26.8 19.3 11.8 22.1 2023 2024 2025 *Since July 2024, holiday interns are no longer included (adjustment also made retroactively for Q1-Q3/2024). IN EUR MILLION Q3 2025 Q3 2024 Change (%) Q1-Q3 2025 Q1-Q3 2024 Change (%) Total shipments in tonnes 49,400 52,000 -5.0 158,200 153,100 +3.3 External shipments in tonnes 49,100 51,200 -4.1 157,100 151,000 +4.0 Revenues 286.1 305.8 -6.5 931.9 870.1 +7.1 External revenue 248.2 251.1 -1.2 793.7 729.1 +8.9 EBITDA 19.3 26.8 -27.7 64.7 74.1 -12.8 EBIT 7.0 13.6 -48.5 27.4 34.6 -20.9 Ø Employees (FTE)* 1,645 1,692 -2.8 1,672 1,693 -1.3
Page 25
25 25 Presentation Q1-Q3/2025 AMAG Austria Metall AG ESG KEY FIGURES AT A GLANCE KEY FIGURES FOR THE RANSHOFEN SITE Unit Q1-Q3/2025 Q1-Q3/2024 Change (%) Ø Scrap utilisation rate % 77.0 75.5 Ø Share of specialities % 52 57 Specific energy consumption kWh/tonne 1,136 1,159 -2.0 Specific CO2 emissions (Scope 1 & 2) tonnes of CO2 /tonne 0.156 0.160 -2.5 Accident rate TRIFR* 1) 1.5 2.0 -25.0 Proportion of women* % 16 16 Ø Number of hours for training and development* h/employee 17.8 17.0 +4.7 Compliance violations* number 0 0 The environmental key figures are affected by factors such as production volume and product mix. *Key figures also include AMAG components 1) Total Recordable Injury Frequency Rate = accidents per capita with lost time and incidents requiring medical treatment in relation to the total number of productive hours x 200,000 hours
Page 26
Presentation Q1-Q3/2025 AMAG Austria Metall AG OUTLOOK 2025
Page 27
27 27 Presentation Q1-Q3/2025 AMAG Austria Metall AG OUTLOOK 2025 › Global economic outlook remains subdued with a noticeable negative impact from US tariff policy; especially weakened industrial economy dampens GDP growth in the eurozone › The earnings performance of AMAG's operating divisions will continue to be affected in Q4/2025 by the economic environment hampered by trade policy, especially in Europe, but: › The Metal Division is performing well despite the loss of US tariff exemptions for Canada and is currently benefiting from attractive aluminium and alumina prices › The Ranshofen site (casting & rolling) continues to respond flexibly and cost-efficiently to weak demand and the associated high price dynamics; shifts in the product mix continue to stabilise capacity utilisation but reduce earnings quality › Outlook for the 2025 financial year: EBITDA is expected to be at the upper end of the communicated range (EUR 110 million to EUR 130 million), although experience shows that valuation effects can have a noticeable impact ECONOMIC ENVIRONMENT REMAINS CHALLENGING
Page 28
Presentation Q1-Q3/2025 AMAG Austria Metall AG APPENDIX
Page 29
29 29 Presentation Q1-Q3/2025 AMAG Austria Metall AG BALANCE SHEET in EUR million September 30, 2025 December 31, 2024 +/- (%) Intangible assets and goodwill 18.7 17.2 8.8 Property, plant and equipment 674.0 713.7 -5.6 Equity accounted investments 1.6 1.7 -1.9 Other non-current assets and financial assets 28.7 16.8 71.1 Deferred tax assets 5.9 4.3 38.8 Non-current assets 729.0 753.7 -3.3 Inventories 412.8 454.2 -9.1 Trade receivables 199.9 192.7 3.8 Current tax assets 0.0 1.5 -96.8 Other current assets 54.1 67.1 -19.5 Contract assets 2.1 2.6 -18.7 Cash and cash equivalents 332.6 278.8 19.3 Current assets 1,001.6 996.9 0.5 TOTAL ASSETS 1,730.6 1,750.6 -1.1 Equity 736.2 740.9 -0.6 Non-current provisions 68.2 76.8 -11.1 Interest-bearing non-current financial liabilities 552.8 454.2 21.7 Other non-current liabilities and grants 29.6 40.9 -27.5 Deferred tax liabilities 29.2 17.6 65.9 Non-current liabilities 679.8 589.4 15.3 Current provisions 23.0 28.0 -18.0 Interest-bearing current financial liabilities 124.2 206.9 -40.0 Trade payables 102.3 88.3 15.9 Current tax liabilities 0.7 0.1 648.4 Other current liabilities and grants 64.3 97.0 -33.7 Current liabilities 314.5 420.3 -25.2 TOTAL EQUITY AND LIABILITIES 1,730.6 1,750.6 -1.1
Page 30
30 30 Presentation Q1-Q3/2025 AMAG Austria Metall AG STATEMENT OF PROFIT AND LOSS ACCORDING TO THE COST OF SALES METHOD in EUR million Q3/2025 Q3/2024 +/- (%) Q1-Q3/2025 Q1-Q3/2024 +/- (%) Revenue 350.8 370.9 -5.4 1,137.0 1,078.7 5.4 Cost of sales -292.7 -309.1 5.3 -963.0 -894.1 -7.7 Gross profit 58.2 61.9 -6.0 174.0 184.5 -5.7 Other income 0.4 5.4 -92.1 8.3 10.9 -23.9 Selling and distribution expenses -26.5 -18.4 -43.9 -71.0 -57.1 -24.5 Administrative expenses -10.2 -10.8 5.7 -30.8 -30.8 0.0 Research and development expenses -5.6 -5.8 3.8 -17.9 -18.4 2.9 Other expenses -1.9 -2.3 18.7 -9.4 -8.6 -9.8 Share of profit of equity-accounted investments 0.0 0.1 -72.5 0.1 0.2 -53.8 Earnings before interest and taxes (EBIT) 14.5 30.0 -51.8 53.2 80.7 -34.1 Net interest result -3.3 -3.3 -0.2 -9.8 -9.5 -3.6 Other financial result 1.3 -0.3 575.4 -0.5 0.5 -204.3 Net financial income (expenses) -2.0 -3.6 44.8 -10.3 -9.0 -14.3 Earnings before taxes (EBT) 12.5 26.4 -52.7 42.9 71.7 -40.1 Current taxes -1.8 -6.9 73.6 -7.5 -22.5 66.8 Deferred taxes -0.3 1.4 -122.1 -1.7 5.0 -133.3 Income taxes -2.1 -5.6 61.8 -9.1 -17.5 47.7 Net income after taxes 10.4 20.9 -50.3 33.8 54.3 -37.7
Page 31
31 31 Presentation Q1-Q3/2025 AMAG Austria Metall AG CASH FLOW STATEMENT in EUR million Q3/2025 Q3/2024 Q1-Q3/2025 Q1-Q3/2024 Earnings before taxes (EBT) 12.5 26.4 42.9 71.7 Net interest result 3.3 3.3 9.8 9.5 Share of profit of associates 0.0 -0.1 -0.1 -0.2 Depreciation, amortisation and impairment losses/reversal of impairment losses on non-current assets 19.1 22.2 61.0 66.8 Losses/gains from the disposal of non-current assets 0.0 0.0 0.0 -0.1 Proceeds from dividends 0.1 0.0 0.1 0.0 Other non-cash expenses/income -0.7 0.1 -2.2 -0.5 Changes in inventories -3.4 -17.7 34.8 -40.4 Changes in trade receivables 18.3 -22.2 -8.7 -48.1 Changes in trade payables -14.9 24.9 23.2 38.0 Changes in provisions -3.5 9.4 -13.3 4.3 Changes in derivatives 33.3 -7.8 -4.9 18.8 Changes in contract assets -0.2 -1.0 0.5 -1.0 Changes in other receivables and liabilities -7.5 6.1 0.3 10.7 Tax payments 1.2 -9.1 -4.7 -16.0 Interest received 2.1 1.8 6.4 5.7 Interest paid -1.2 -2.8 -10.3 -10.0 Cash flow from operating activities 58.5 33.6 134.8 109.3 Proceeds from disposals of non-current assets 0.0 0.3 0.4 0.8 Payments for investments in property, plant and equipment and intangible assets -13.5 -20.9 -41.9 -70.7 Proceeds from grants for investments 0.1 0.1 1.0 0.9 Cash flow from investing activities -13.4 -20.6 -40.6 -69.0 Repayments of borrowings -39.5 -49.8 -154.8 -84.7 Proceeds from borrowings 130.0 175.0 167.5 207.5 Dividends paid 0.0 0.0 -42.3 -52.9 Cash flow from financing activities 90.5 125.2 -29.6 69.9 Change in cash and cash equivalents 135.6 138.3 64.5 110.1 Cash and cash equivalents at the beginning of the period 196.9 143.5 278.8 168.9 Effect of exchange rate changes on cash and cash equivalents 0.2 -4.8 -10.7 -2.1 Cash and cash equivalents at the end of the period 332.6 277.0 332.6 277.0
Page 32
32 32 Presentation Q1-Q3/2025 AMAG Austria Metall AG STATEMENT OF COMPREHENSIVE INCOME in EUR million Q3/2025 Q3/2024 Q1-Q3/2025 Q1-Q3/2024 2024 Net income after taxes 10.4 20.9 33.8 54.3 43.2 Items that are or may be reclassified to profit or loss: Currency translation differences -0.6 -9.1 -26.4 -3.0 12.8 Changes in the hedging reserve Recognized (expenses) and income during the financial year -17.2 14.8 23.8 2.0 -24.9 Reclassifications of amounts that have been recognized in the statement of profit or loss 0.7 0.5 5.8 6.8 11.8 Deferred taxes relating thereto 4.3 -3.7 -6.3 -2.3 2.3 Currency translation differences 0.6 1.2 3.2 0.2 -1.7 Changes in fair value reserve -0.1 0.0 0.2 -1.3 -0.3 Deferred taxes relating thereto 0.0 0.0 0.0 0.3 0.1 Items that will never be reclassified to profit or loss: Changes in revaluation reserve 0.0 0.0 0.1 0.2 0.2 Deferred taxes relating thereto 0.0 0.0 0.0 0.0 0.0 Remeasurement of defined benefit plans 3.1 -2.5 5.7 2.1 5.2 Deferred taxes relating thereto -0.8 0.6 -1.5 -0.6 -1.3 Currency translation differences -0.1 -0.2 -0.8 -0.1 0.3 Share of other comprehensive income of associates 0.0 0.0 0.0 0.0 0.0 Deferred taxes relating thereto 0.0 0.0 0.0 0.0 0.0 Other comprehensive income for the year net of tax -10.1 1.6 3.9 4.3 4.3 Total comprehensive income for the year 0.3 22.4 37.7 58.6 47.5
Page 33
33 33 Presentation Q1-Q3/2025 AMAG Austria Metall AG STATEMENT OF CHANGES IN EQUITY in EUR million Share capital Capital reserves Hedging reserve Fair value reserve Revaluation reserve Revaluation of defined benefit plans Share of comprehensive income of associates Exchange differences Retained earnings Equity attributable to owners of the company Non-controlling interests Equity Balance as of December 31, 2023 35.3 377.7 -28.5 -0.3 1.0 -11.9 0.0 49.2 323.9 746.3 0.0 746.3 Net income after taxes 54.3 54.3 0.0 54.3 Other comprehensive income for the year net of tax 6.8 -1.0 0.1 1.4 -3.0 4.3 4.3 Total comprehensive income for the year 6.8 -1.0 0.1 1.4 0.0 -3.0 54.3 58.6 0.0 58.6 Effect from hyperinflation 0.0 0.0 0.0 Dividend distributions -52.9 -52.9 -52.9 Balance as of September 30, 2024 35.3 377.7 -21.7 -1.3 1.1 -10.4 0.0 46.2 325.2 752.0 0.0 752.0 Balance as of December 31, 2024 35.3 377.7 -41.1 -0.5 1.1 -7.7 0.0 62.0 314.2 740.9 0.0 740.9 Net income after taxes 33.8 33.8 0.0 33.8 Other comprehensive income for the year net of tax 26.6 0.2 0.1 3.5 -26.4 3.9 3.9 Total comprehensive income for the year 26.6 0.2 0.1 3.5 0.0 -26.4 33.8 37.7 0.0 37.7 Dividend distributions -42.3 -42.3 -42.3 Balance as of September 30, 2025 35.3 377.7 -14.5 -0.4 1.2 -4.2 0.0 35.6 305.7 736.2 0.0 736.2
Page 34
34 Presentation Q1-Q3/2025 AMAG Austria Metall AG SERVICE DIVISION EBITDA development in EUR million Q1 Q2 Q3 Q4 -1.3* -1.7 0.4 0.2 -0.9 0.3 0.1 -0.6 -0.9 -0.6 -1.9 2023 2024 2025 *Adjusted for interdivisional receivables impairment in 2024 IN EUR MILLION Q3 2025 Q3 2024 Change (%) Q1-Q3 2025 Q1-Q3 2024 Change (%) Revenues 28.0 26.2 +7.0 91.2 79.6 +14.6 External revenue 1.8 1.3 +36.4 5.6 4.0 +39.5 EBITDA -0.6 -0.9 +36.2 -0.3 -0.2 -52.0 EBIT -2.0 -2.4 +14.4 -4.7 -4.6 -0.8 Ø Employees (FTE) 213 217 -1.8 215 215 0.0
Page 35
35 35 Presentation Q1-Q3/2025 AMAG Austria Metall AG IR INFORMATION IR CONTACT Mag. Christoph M. Gabriel, BSc Head of Investor Relations T +43 7722 801 3821 M +43 664 885 775 26 christoph.gabriel@amag.at INFORMATION ABOUT THE AMAG SHARE ISIN AT00000AMAG3 Share class Ordinary shares in bearer form Ticker symbol Vienna Stock Exchange AMAG Indices ATX Prime, ATX BI, ATX GP, VÖNIX, WBI Reuters AMAG.VI Bloomberg AMAG AV Trading segment Official trading Market segment Prime Market First day of trading 8 April 2011 Issue price per share in EUR 19.00 Number of shares in issue 35,264,000 FINANCIAL CALENDAR 2026 27 February 2026 Publication of 2025 annual financial statements 30 April 2026 Information on the first quarter of 2026 30 July 2026 Half-year 2026 financial report 29 October 2026 Information on the third quarter of 2026 6 April 2026 AGM record date 16 April 2026 Annual General Meeting (AGM) 21 April 2026 Ex-dividend date 22 April 2026 Dividend record date 23 April 2026 Dividend payment date