AMAG AUSTRIA METALL AG: DIVIDEND OF EUR 1.20 PER SHARE AND CHANGES TO THE SUPERVISORY BOARD APPROVED

•  Annual General Meeting approves all items on the agenda
• Dividend of EUR 1.20 per share resolved
• Alessandro Dazza elected as new Chairman of the Supervisory Board

AMAG AUSTRIA METALL AG HONORED WITH COMAC'S "SUPPLIER OF THE YEAR AWARD”

AMAG Austria Metall AG has been awarded the "Win-Win Cooperation Award" as 2024 Supplier of the Year by the Commercial Aircraft Corporation of China Ltd. (COMAC) at this year’s COMAC Supplier Conference in Xi’an, China.

AMAG AUSTRIA METALL AG: GOOD EARNINGS IN THE 2024 FINANCIAL YEAR IN A CHALLENGING ENVIRONMENT

• Consistent execution of the AMAG strategy and tailwind from the Canadian aluminium smelter enabled a good revenue and earnings performance in a persistently difficult environment in Europe
• Revenues of EUR 1,448.8 million approximately at the previous year's level (2023: EUR 1,459.2 million)
• EBITDA of EUR 179.2 million at the upper end of the communicated EBITDA range (2023: EUR 188.4 million)
• Net income after taxes at EUR 43.2 million despite impairment losses (2023: EUR 66.4 million)
• Strong cash flow from operating activities of EUR 119.0 million (2023: EUR 180.9 million)
• Proposed dividend of EUR 1.20 per share
• Outlook 2025: Earnings forecast in the form of an EBITDA range premature due to uncertain market and economic developments

AMAG AUSTRIA METALL AG: CHAIRMAN OF THE SUPERVISORY BOARD DI HERBERT ORTNER WILL LEAVE THE SUPERVISORY BOARD ON 15 APRIL 2025

• DI Herbert Ortner will resign from the Supervisory Board of AMAG Austria Metall AG at the end of the 14th Annual General Meeting at his own request 
• Supervisory Board member Alessandro Dazza nominated to take over as Chairman of the Supervisory Board in the future

ALUREPORT ISSUE 03/2024

Special issue: ESG 2024

AMAG AUSTRIA METALL AG: GOOD PERFORMANCE IN THE FIRST THREE QUARTERS OF 2024 IN A CHALLENGING ENVIRONMENT

• Broad set-up of the AMAG Group and high flexibility in operational processing enable solid revenue and earnings figures in a persistently difficult environment
• Revenues remain at a high level at EUR 1,078.7 million (Q1-Q3/2023: EUR 1,142.8 million)
• EBITDA of EUR 147.6 million reflects the overall good performance of AMAG's operating divisions (Q1-Q3/2023: EUR 166.0 million)
• Net income after taxes of EUR 54.3 million (Q1-Q3/2023: EUR 69.7 million)
• Cashflow from operating activities at a strong EUR 109.3 million (Q1-Q3/2023: EUR 157.0 million)
• Outlook for financial year 2024: Confirmation of EBITDA range of EUR 160 million to EUR 180 million, whereby the upper limit is primarily linked to valuation effects whose probability of occurrence can only be forecast to a limited extent

AMAG signs Antwerp Declaration in support of sustainable industry

AMAG Austria Metall AG has signed the Antwerp Declaration, adding its voice to over 1,000 energy-intensive companies in the basic materials sector who are urgently calling for a European Industrial Deal. This initiative aims to accomplish the climate transition while maintaining the competitive position of Europe’s industrial sector. 

Sustainability at every step: AMAG AL4® ever now also offers certified, low carbon primary aluminium

• Certified sustainability: AMAG AL4® ever guarantees low CO₂ emissions
• Certified primary aluminium with a maximum of 4.0 tonnes of CO₂ per tonne aluminium expands AMAG AL4® ever portfolio
• Alouette smelter uses exclusively renewable electricity from hydropower and thus eliminates energy-related CO₂ emissions completely
   

AMAG Austria Metall AG: Solid half-year result despite continuing market weakness, especially in Europe

• Higher aluminium price in Q2/2024 and broad positioning of the AMAG Group noticeably cushion subdued demand for aluminium rolled products from certain industries
• Revenue of EUR 707.7 million down on the prior year due to price and volume factors (H1/2023: EUR 796.4 million)
• EBITDA of EUR 95.3 million below the very strong first half of 2023 (EUR 117.8 million), but better than second half of 2023
• Net income after taxes of EUR 33.4 million (H1/2023: EUR 51.0 million)
• Cashflow from operating activities grows to EUR 75.7 million (H1/2023: EUR 68.0 million)
• Outlook for 2024: Improved earnings forecast of EUR 160 million to 
• EUR 180 million EBITDA, based on current assumptions regarding aluminium price, shipments and economic development

AMAG EXPANDS ROOFTOP-PV PLANT AND STRENGTHENS COMMITMENT TO DECARBONISATION AT THE RANSHOFEN SITE

Existing rooftop-PV plant to be doubled to around 120,000 square metres in partnership with Energie AG; annual energy production of 13.3 GWh for AMAG's own requirements

AMAG and ImWind conclude pioneering long-term power supply agreement from wind power

• AMAG and ImWind conclude one of the largest Power Purchase Agreements (PPA) for renewable energy in Austria
• At the Ranshofen site, 20 percent of the current annual electricity demand will be covered by wind power from ImWind in the future 
• AMAG consistently continues its commitment to decarbonisation and a responsible value chain
• Start of a long-term partnership between AMAG and the Lower Austrian wind power pioneer

AMAG AUSTRIA METALL AG: CHALLENGING ENVIRONMENT INFLUENCES QUARTERLY RESULT

• Quarterly performance influenced by lower aluminium price and lower shipment volumes due to partly subdued incoming orders in Q4/2023
• Revenue of EUR 335.8 million below the previous year's level due to price and volume factors (Q1/2023: EUR 404.8 million)
• EBITDA of EUR 42.4 million above Q4/2023, but lower than in previous year’s quarter (Q1/2023: EUR 60.8 million)
• Net income after taxes at EUR 13.3 million (Q1/2023: EUR 26.8 million)
• Cash flow from operating activities of EUR 35.6 million at the previous year's level (Q1/2023: EUR 35.6 million)
• Outlook for 2024: From today's perspective and assuming no significant global deterioration in the economic situation, full-year EBITDA is expected to be between EUR 150 million and EUR 180 million

AMAG WINS AT AWARD CEREMONY: SPECIAL AWARDS FROM AIRBUS FOR INNOVATION, SUSTAINABILITY AND QUALITY

• AMAG honoured for the third time in a row for outstanding quality and delivery reliability ("Accredited Supplier Award")
• Special awards in the areas of innovation and sustainability 
• AMAG's strategic focus on innovation and sustainability confirmed
   

AMAG STRENGTHENS EXPERTISE IN HIGH-QUALITY SURFACES

• AMAG strengthens its position as a surface specialist with modern surface treatment line for high-quality aluminium surfaces
• Products from the new plant for a wide range of applications in various industries
• Digitalisation for quality, productivity and sustainability

AMAG Austria Metall AG: Unique set-up enabled good business performance in 2023

• Rapid response to changes in the market and stable operating performance ensured a successful financial year for AMAG Group
• Revenue of EUR 1,459.2 million after a record previous year (EUR 1,726.7 million)
• EBITDA at EUR 188.4 million is the second-highest level in the company’s history (2022: EUR 247.1 million)
• Solid net income after taxes of EUR 66.4 million (2022: EUR 109.3 million)
• Significant increase in cash flow from operating activities of 110 % up to EUR 180.9 million (2022: EUR 86.1 million)
• Proposed dividend of EUR 1.50 per share
• Outlook 2024: Earnings forecast in the form of an EBITDA range premature due to uncertain market and economic development

AMAG RECEIVES LARGE-SCALE ORDER TO SUPPLY AUDI PLANT IN GYÖR

• AMAG signs largest multi-year contract with AUDI AG in the company's history 
• Long-standing customer relationship is thereby strengthened and expanded 
• Significant contribution to reducing the CO₂ footprint by recycling of aluminum scrap material

APPOINTMENT OF DR. HELMUT KAUFMANN AS NEW CEO AND CLAUDIA TRAMPITSCH AS NEW CFO

• Dr. Helmut Kaufmann will take over the position of Chief Executive Officer (CEO) from January 1, 2024, in addition to his function as COO
• Claudia Trampitsch becomes CFO of AMAG Austria Metall AG from January 1, 2024
• Stability at AMAG ensured by the new composition of the Management Board

FROM SUSTAINABILITY TO DIGITALISATION - AMAG SCORES WITH FIVE AWARDS IN OCTOBER

• AMAG receives SDG Award, Green Business Data Award, ALCAward, Effective Sustainability Communication Award and Best Business Award
• Awards for commitment to sustainability, digitalisation and responsible corporate governance
• Presentation of the awards in October 2023

AMAG: INVESTMENT IN MODERN MACHINING CENTERS FOR THE AVIATION INDUSTRY

• Investment in state-of-the-art equipment for processing large-scale aviation components
• Master plan for growth and increased efficiency at the two German AMAG components sites being implemented
• Closing material loops as a contribution to achieving the sustainability goals of the aviation industry

AMAG AUSTRIA METALL AG: CEO MAYER LEAVES THE COMPANY AT THE TURN OF THE YEAR

• Departure on best terms after 16 years on the Management Board
• Supervisory Board has started the process of finding a successor
   

AMAG AUSTRIA METALL AG: SOLID TREND IN THE FIRST THREE QUARTERS OF 2023 DUE TO BROAD POSITIONING

• Product and sector diversity as well as the interest held in the smelter in Canada secure solid earnings trend within a challenging environment 
• Continued positive trend in demand from the aircraft sector; stable development in the automotive industry; sports and architectural products as well as industrial applications still at a low level
• Revenue of EUR 1,142.8 million significantly exceeds EUR 1 billion level (Q1-Q3/2022: EUR 1,353.9 million)
• EBITDA at EUR 166.0 million due to overall good performance in the operating divisions (Q1-Q3/2022: EUR 217.4 million)
• Net income after taxes at a solid level of EUR 69.7 million (Q1-Q3/2022: EUR 106.7 million)
• Significant growth in cash flow from operating activities to EUR 157.0 million (Q1-Q3/2022: EUR 40.5 million)
• Guidance for FY 2023: EBITDA range between EUR 175 million and EUR 195 million

AMAG RECEIVES AWARD FOR ITS OUTSTANDING SUSTAINABILITY REPORTING FOR THE THIRD TIME IN A ROW

• Award of the "Effective Sustainability Communication Award 2023" confirms the holistic sustainability communication of AMAG
• Once again top rating in integrative understanding of sustainability
• Award ceremony during the annual conference of the Cercle Investor Relations Austria (CIRA) in Vienna on 11.10.2023

AMAG SIGNS MULTI-YEAR CONTRACT RENEWAL WITH AIRBUS FOR ROLLED PRODUCTS

• Long-term safeguarding of supply volumes with increased market shares
• AMAG rolled products are to be used in all Airbus aircraft families
• Successful partnership between AMAG and Airbus since 1995
   

AMAG IS WORLD'S MOST SUSTAINABLE ALUMINUM COMPANY (RATING BY SUSTAINALYTICS)

• AMAG tops sustainability ranking with a superb result out of 39 aluminum companies evaluated worldwide
• Evaluation in the categories Environment, Social and Corporate Governance
• Sustainalytics evaluates 14,000 companies from 138 industries

ALUREPORT SPECIAL ISSUE ESG

The new special issue of AluReport is different from our regular three issues per year. This special issue shows how we implement our ESG criteria and what indispensable measures and efforts we are making for a greener future. 

"Everyone talks about this triad by which sustainability, ethical quality and the social impact of corporate action are assessed. So do we. Because talking helps - but is of course not enough on its own. That's why we asked ourselves: How do we as AMAG actually implement ESG criteria and what does it take to live these concepts on a daily basis? This special edition of the AMAG AluReport was created as a very individual answer. We are taking stock, reviewing and highlighting where and how we are taking concrete action along our unique AMAG value chain," says Gerald Mayer, CEO.

AMAG RECENTLY CERTIFIED IN COMPLIANCE WITH JAPANESE INDUSTRIAL STANDARD

• AMAG again receives JIS Mark Scheme certification („Japanese industrial standard“) for aluminum products according to JIS H 4000
• JIS stands for highest quality and reliability
• AMAG became the first European aluminum producer to be certified in 2020
• In Japan, AMAG aluminum sheets and plates are mainly used in rail vehicles

AMAG Austria Metall AG: Successful first half-year with significant cash flow growth

• Broad product portfolio, flexible order processing and rapid delivery capability ensured a successful first half of 2023. Demand significantly more subdued in some cases since the second quarter of 2023
• Revenue of EUR 796.4 million following a record in the previous year (H1/2022: EUR 904.3 million)
• EBITDA of EUR 117.8 million clearly reflects successful first half-year (H1/2022: EUR 156.5 million)
• Net income after taxes again at an attractive level of EUR 51.0 million (H1/2022: EUR 78.4 million)
• Significant growth in cash flow from operating activities to EUR 68.0 million (H1/2022: EUR -84.1 million)
• Outlook for 2023: EBITDA between EUR 160 million and EUR 190 million assuming no unexpected significant deterioration in the economic situation and a continued stable aluminium price

AMAG's holistic approach to sustainability once again places it among global leaders in the industry

• EcoVadis once again honors AMAG 2023 with the highest "Platinum" sta-tus
• AMAG in the top one percent ("Top 1%") among global companies in the industry assessed by EcoVadis. 
• This award is further confirmation of AMAG's holistic sustainability ap-proach

AMAG has again received the "Accredited Supplier" award from Airbus

•  Airbus has once again presented AMAG with the highest of four quality 
  awards 
• At this level, AMAG is currently the only supplier of rolled products to have 
  received this award twice. 
• Award for outstanding delivery reliability and product quality 
• Successful partnership between AMAG and Airbus since 2005 

AMAG Austria Metall AG: Successful start to 2023

• Solid order trend and positive operating performance enable very good start to 2023
• Revenues up slightly to EUR 404.8 million (Q1/2022: EUR 399.0 million)
• Strong EBITDA of EUR 60.8 million following record quarterly earnings in the previous year (Q1/2022: EUR 68.0 million) 
• Net income after taxes of EUR 26.8 million again at a high level (Q1/2022: EUR 32.5 million)
• Solid cash flow from operating activities of EUR 35.6 million (Q1/2022: EUR -130.3 million)
• Outlook for 2023: Subject to continuing solid market and economic trends and secure energy supplies, from today’s perspective EBITDA of between EUR 170 million and EUR 210 million is expected for FY 2023

New revenue and earnings record in the financial year 2022

• Successful track record continued and challenges met with high productivity and flexibility as well as stable production levels
• Revenue significantly up by 37 % to EUR 1,726.7 million (2021: EUR 1,259.4 million)
• Strong EBITDA increase of 33 % to EUR 247.1 million, with earnings growth in all operating divisions (2021: EUR 186.2 million)
• Net income after taxes in the triple-digit range for the first time with an increase of +69 % to EUR 109.3 million (2021: EUR 64.6 million)
• Cash flow from operating activities significantly up by around 90 % to EUR 86.1 million (2021: EUR 45.6 million)
• Proposed dividend of EUR 1.50 per share
• Outlook for 2023: Too early for earnings guidance due to uncertain market and economic outlook. Continued positive demand for aluminium products according to the CRU