Ferroglobe: Presentation of the call to investors on the results of the second quarter of 2022
Forward-Looking Statements and Non-IFRS Financial Measures
This presentation contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts but are based on certain management assumptions and describe our future plans, strategies and expectations. Forward-looking statements can generally be identified by the use of forward-looking terminology, including, but not limited to, “may”, “could”, “seek”, “guidance”, “plans”, “potential”. , “probable,” “believe,” “will,” “expect,” “anticipate,” “estimate,” “plan,” “intend,” “expect,” “aim,” “target ” or variations of these similar terms and expressions, or the negative of these similar terms or expressions.
The forward-looking statements contained in this presentation are based on information currently available to Ferroglobe PLC (“we”, “us”, “Ferroglobe”, the “Company” or the “Parent Parent”) and on assumptions which we believe are reasonable, but are inherently uncertain. Accordingly, our actual results, performance or achievements may differ materially from those expressed or implied by such forward-looking statements, which are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control.
You are cautioned that all such statements involve risks and uncertainties, including, without limitation, the risks that Ferroglobe will not successfully integrate the business of Globe Specialty Metals, Inc. and Grupo FerroAtlántica SAU, that we will not not realize the estimated cost savings, value of certain tax assets, synergies and growth, and/or that these benefits may take longer to materialize than expected. Important factors that could cause actual results to differ include, but are not limited to: (i) risks relating to unanticipated integration costs, including operating costs, loss of customers and interruption of activities that are greater than expected; (ii) our organizational and governance structure; (iii) the ability to hire and retain key personnel; (iv) regional, national or global political, economic, business, competitive, market and regulatory conditions, including, among other things, changes in metal prices; (v) increases in the cost of raw materials or energy; (vi) competition in the metals and foundry industries; (vii) environmental and regulatory risks; (viii) the ability to identify liabilities associated with acquired properties prior to their acquisition; (ix) ability to manage price and operational risks, including industrial accidents and natural disasters; (x) ability to manage overseas operations; (xi) technological developments; (xii) the ability to acquire or renew permits and approvals; (xiii) changes in laws or government regulations affecting Ferroglobe; (xiv) credit market conditions; (xv) risks associated with assumptions made in connection with critical accounting estimates and legal proceedings; (xvi) the international activities of Ferroglobe, which are subject to the risks of currency fluctuations and exchange controls; and (xvii) the potential for international unrest, economic downturn or currency effects, tax assessments, tax adjustments, anticipated tax rates, raw material costs or availability or other costs regulatory compliance. The above list is not exhaustive.
You should carefully consider the foregoing factors and other risks and uncertainties affecting our business, including those described in the “Risk Factors” section of our registration statement on Form F-1, annual reports on Form 20-F, current reports on Form 6-K and other documents that we file from time to time with the United States Securities and Exchange Commission. We make no assurances (1) that we will achieve our expectations or (2) regarding any result or its timing, in each case with respect to any regulatory action, administrative proceeding, governmental investigation, litigation, warning letter, consent executive order, cost reductions, business strategies, profit or revenue trends, or future financial results. The forward-looking financial information and other measures presented herein represent our primary purposes and are not intended as guidelines or projections for the periods presented herein or any future periods.
We do not undertake or assume any obligation to publicly update any forward-looking statements in this presentation to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting the statements. prospective. If we update one or more forward-looking statements, no conclusion should be drawn that we will make additional updates with respect to such or other forward-looking statements. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date of this presentation.
Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net earnings, Adjusted earnings per share, Working capital, Adjusted gross debt and Net debt are non-IFRS financial measures that we believe are relevant measures of Ferroglobe’s success. The Company has included these financial measures to provide additional measures of its performance. We believe these measures are important because they eliminate items that have less of an impact on the Company’s current and future operating performance and highlight trends in its core business that might otherwise not be apparent from a relies solely on IFRS financial measures.
For further information, including a reconciliation of the differences between these non-IFRS financial measures and comparable IFRS financial measures, please see the press release dated August 15, 2022 accompanying this presentation, which is incorporated by reference into present.