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AMG Critical Materials N.V.

Investor Presentation • Aug 13, 2008

3810_ip_2008-08-13_13d8d495-2bc7-469c-a4fd-db9d854a4142.pdf

Investor Presentation

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AMG Advanced Metallurgical Group N.V.

Investor Presentation3rdQuarter 2008

Disclaimer

THIS DOCUMENT IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION BY AMG ADVANCED METALLURGICAL GROUP N.V. (THE "COMPANY") AND MAY NOT BE REPRODUCED IN ANY FORM OR FURTHER DISTRIBUTED TO ANY OTHER PERSON OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS.

This presentation does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries nor should it or any part of it, nor the fact of its distribution, form the basis of, or be relied on in connection with, any contract or commitment whatsoever.

This presentation has been prepared by, and is the sole responsibility of, the Company. This document, any prese presentation made ntation in conjunction herewith and any accompanying materials are for information only and are not a prospectus, offering circular or admission document. This presentation does not form a part of, and should not be construed as, an offer, invitation or solicitation to subscribe for or purchase, or dispose of any of the securities of the companies mentioned in this presentation. These materials do not constitute an offer of securities for sale in the United States or an invitation or an offer to the public or form of application to subscribe for securities. Neither this presentation nor anything contained herein shall form the basis of, or be relied on in connection with, any offer or commitment whatsoever. The information contained in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information or the opinions contained herein. The Company and its advisors are under no obligation to update or keep current the information contained in this presentation. To the extent allowed by law, none of the Company or its affiliates, advisors or representatives accept any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation.

Certain statements in this presentation constitute forward-looking statements, including statements regarding the Company's financial position, business strategy, plans and objectives of management for future operations. These statements, which contain the words "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "may," "should" and similar expressions, reflect the beliefs and expectations of the management board of directors of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the achievement of the anticipated levels of profitability, growth, cost and synergy of the Company's recent acquisitions, the timely development and acceptance of new products, the impact of competitive pricing, the ability to obtain necessary regulatory approvals, and the impact of general business and global economic conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein.

Neither the Company, nor any of its respective agents, employees or advisors intend or have any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained in this presentation.

The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice.

This document has not been approved by any competent regulatory or supervisory authority.

AMG at a Glance

Preeminent global specialty materials and materials technology company serving high growth end-markets

Advanced Materials Division: Niche and complex specialty materials

Engineering Systems Division: Advanced vacuum furnace systems for high-purity metals

Timminco (50.5%-owned): Solar grade silicon and lightweight metals

Graphit Kropfmühl (79.5%-owned): Producer of silicon metal and natural graphite

Strong Second Quarter 2008 results: revenue up 48% to \$413 million and EBITDA up 97% to \$63 million

Global Operations

(1) Timminco Limited is listed on the Toronto stock exchange (TIM CN / TIM.TO). (2) Graphit Kropfmühl AG ("GK") is listed on the Frankfurt stock exchange (GKRG.DE / GKR GR).

Focus on CO2Technologies and Markets

Solar

  • Furnace technology leadership for the production of high-purity solar wafers
  • Low-cost producer of solar silicon based on proprietary technology
  • New Timminco solar silicon facility is producing and shipping
  • Significant producer of silicon metal sold to polysilicon producers

Nuclear

  • Sintering furnaces for nuclear fuel
  • Furnaces and process technology for pebble bed reactors
  • Graphite production from GK acquisition is a critical input for nuclear components
  • JV in France for the production of nuclear fuel sintering and related furnaces

Fuel Economy

  • aerospace applications
  • Furnace technology for production of titanium and other weight-advantaged metals

Recycling

  • Proprietary alloys and superalloys for Spent refinery catalyst and power plant residue recovery for production of ferrovanadium and ferronickel-molybdenum
  • Capacity expansion in progress
  • New long-term contract for spent catalysts supports capacity expansion plans

Advanced Materials Division

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Record Results in Q2 2008

Advanced Materials Division

Engineering Systems Division

Timminco

Capital Programmes and Recent Acquisitions Support Strategic Growth Initiatives

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(1) Funded by capital raise at Timminco.

Strong Capital Base

  • ■Cash of \$113.5 million at 30 June 2008
  • ■ Total debt increased to \$220.0 million at 30 June 2008
  • GK acquisition used \$62.9 million of cash and included \$27.3 million of assumed debt
  • AMG had a net debt position of \$106.5 million at 30 June 2008
  • Net Debt to EBITDA of less than 1.0x

2008 Outlook

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Revenue

Significant Trends

  • Strong FeV and Chromium prices and volumes contributed to the strength of Advanced Materials
  • Timminco sold 221 MT of solar-grade silicon in the quarter
  • Continued strong demand for sales of solar and remelting furnaces

Gross Profit

20

EBITDA

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1
2
)		 (
5
9,
7
7
6
)
C
h
F
l
f
I
i
A
i
i
i
t
t
t
a
s
o
s
r
o
m
n
e
s
n
g
c
e
s
w
v
v		 (
1
8,
2
8
6
)		 (
1
1
6,
2
8
0
)
C
h
F
l
f
F
i
i
A
i
i
i
t
t
a
s
o
s
r
o
m
n
a
n
c
n
g
c
e
s
w
v		 8,
0
0
9		 4
3,
4
4
4
N
i
(
d
)
i
h
t
e
n
c
r
e
a
s
e
e
c
r
e
a
s
e
n
c
a
s		 2
1,
3
6
5		 (
6
4,
5
8
6
)
C
B
i
i
h
e
g
n
n
n
g
a
s		 5
4,
6
1
0		 1
7
2,
5
5
8
E
f
f
f
h
h
t
t
e
c
s
o
e
c
a
n
g
e
r
a
e
s
o
n
c
a
s
x		 1,
4
0
2		 5,
3
9
0
C
E
d
i
h
n
n
g
a
s		 7
7,
3
7
7		 1
1
3,
3
6
2
G
A
i
i
l
b
i
l
i
d
A
M
l
i
f
d
i
t
t
t
p
p
r
o
m
a
e
a
a
a
n
e
r
n
e
s
o
c
r
e
x
v
y
u		 n.
a.		 6
9,
4
4
4
T
l
L
i
i
d
i
t
t
o
a
q
u
y		 n.
a.		 1
8
2,
8
9
5

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