| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|---------------|------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Advancing Materials Innovation | | | | | | | | | | | NASDAQ: GSM | | | | | | | | | | | | | | | | | | | | | | | | March 3, 2022 | Fourth Quarter and Full Year 2021 | | | | | | | | ...

Ferroglobe PLC (NASDAQ:GSM) Q4 2021 Earnings Conference Call March 3, 2022 8:30 AM ET Company Participants Gaurav Mehta – Executive Vice President-Investor Relations Marco Levi – Chief Executive Officer Beatriz García-Cos – Chief Financial Officer Benoist Ollivier – Chief Operating Officer and Deputy Chief Executive Officer Conference Call Participants Martin Englert – Seaport Research Phill Larson – Mill Street Capital David McFadyen – Aegon Asset Management Gaurav Mehta Good morning, everyone, and thank y ...

Ferroglobe PLC (NASDAQ:GSM) Q2 2021 Earnings Conference Call August 24, 2021 9:00 AM ET Company Participants Beatriz GarcÃa-Cos - Chief Financial Officer Marco Levi - Chief Executive Officer Benoit Olivier - Chief Operating Officer and Deputy Chief Executive Officer Gaurav Mehta - Transformation Director and Executive Vice President, Strategy and Investor Relations Jorge Lavin - Group Controller Conference Call Participants Patrick Chatkupt - Rubric Capital Brian DiRubbio - Baird Brian Charles - R.W. Pressp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ◻ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Ferroglobe PLC (NASDAQ:GSM) Q4 2020 Earnings Conference Call March 2, 2021 9:00 AM ET Company Participants Beatriz García-Cos - Chief Financial Officer Marco Levi - Chief Executive Officer Gaurav Mehta - EVP of Strategy and Investor Relations Jorge Lavin - Group Controller Conference Call Participants Nick Jarmoszuk - Stifel Beatriz García-Cos Good morning, everyone and thank you for joining Ferroglobe's Fourth Quarter and Full Year 2020 Conference Call. Joining me today are Marco Levi, our Chief Executive ...

| --- | --- | --- | |-------|---------------------------------------------------------|-------| | | | | | | | | | | | | | | Advancing Materials Innovation : GSM Third Quarter 2020 | | | | | | Forward-Looking Statements and non-IFRS Financial Metrics 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. Forwardlooking statements are not h ...

Ferroglobe PLC (NASDAQ:GSM) Q2 2020 Earnings Conference Call September 1, 2020 9:00 AM ET Company Participants Marco Levi - Chief Executive Officer Beatriz Garcia-Cos - Chief Financial Officer Conference Call Participants Nick Jarmoszuk - Stifel Brett Levy - unknown firm Operator Good morning ladies and gentlemen and welcome to FerroglobeÂ's second quarter 2020 earnings call. At this time, all participants are in a listen-only mode. Later we will conduct a question and answer session and instructions will b ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Financial Performance - Sales increased by $532,345 thousand, or 30.6%, from $1,741,693 thousand in 2017 to $2,274,038 thousand in 2018, primarily due to the acquisition of manganese-based alloy plants in France and Norway, contributing $230,297 thousand in 2018 [395]. - Operating profit increased to $116,754 thousand in 2018 from $39,697 thousand in 2017, reflecting improved operational performance [394]. - Other operating income rose by $27,838 thousand, or 153.0%, from $18,199 thousand in 2017 to $46,037 thousand in 2018, mainly due to business interruption insurance proceeds and government grants [400]. - Sales in the Europe segment increased by $364,773 thousand, or 33.7%, from $1,083,200 thousand in 2017 to $1,447,973 thousand in 2018, largely due to the acquisition of two manganese-based alloys plants [426]. - Sales in the South Africa segment increased by $86,039 thousand, or 70.2%, from $122,504 thousand in 2017 to $208,543 thousand in 2018, driven by a 219% increase in silicon metal sales volumes [437]. Expenses and Costs - Cost of sales increased by $403,959 thousand, or 38.7%, from $1,043,395 thousand in 2017 to $1,447,354 thousand in 2018, driven by increased sales volumes, particularly for manganese-based alloys [398]. - Staff costs increased by $39,101 thousand, or 12.9%, from $301,963 thousand in 2017 to $341,064 thousand in 2018, influenced by the restart of the Selma facility and the acquisition of two manganese-based alloys plants [401]. - Other operating expenses increased by $9,133 thousand, or 13.3%, from $68,537 thousand in 2017 to $77,670 thousand in 2018, driven by higher shipping, freight, and storage costs [421]. - Cost of sales in the Europe segment rose by $368,885 thousand, or 53.4%, from $690,589 thousand in 2017 to $1,059,474 thousand in 2018, primarily due to the acquisition and increased sales volumes [428]. - Cost of sales in the South Africa segment increased by $55,433 thousand, or 67.8%, from $81,744 thousand in 2017 to $137,177 thousand in 2018, primarily due to increased sales volumes [438]. Pricing and Market Conditions - Ferroglobe's Ferrosilicon business pricing continued to decline in 2018 due to oversupply in Europe, impacting overall profitability [368]. - Manganese-based alloy pricing remained low in 2018 despite high manganese ore prices, causing margin pressure for Ferroglobe [367]. - The company anticipates a return to more historical pricing spreads for manganese-based alloys in 2019 [367]. - Ferroglobe's pricing policy aims to reduce dependence on spot market prices, utilizing a variety of pricing formulas for term contracts [369]. - Average selling price for silicon metal increased by 16.6% to $2,647/MT in 2018, while silicon-based alloys increased by 14.7% to $1,845/MT; however, manganese-based alloys decreased by 6.3% to $1,244/MT [397]. Impairments and Losses - The company recognized an impairment of $40.5 million related to its solar-grade silicon metal project in 2018, leading to a temporary suspension of investment [389]. - Impairment losses surged by $27,962 thousand, or 90.3%, from $30,957 thousand in 2017 to $58,919 thousand in 2018, primarily due to impairments related to the solar grade silicon metal production facility in Spain [404]. - Impairment losses for 2018 amounted to $58,919 thousand, related to fixed and intangible assets at the solar grade silicon metal production facility in Spain and the Mangshi facility in China [452]. Cash Flow and Financial Position - For the year ended December 31, 2018, operating activities generated $73,777 thousand in cash, a decrease of 51% from $150,375 thousand in 2017 [514]. - Cash flows from investing activities increased to an outflow of $85,875 thousand in 2018, compared to an outflow of $74,818 thousand in 2017, primarily due to capital expenditures of $106,136 thousand [524]. - As of December 31, 2018, Ferroglobe's total gross financial debt was $645,389 thousand, an increase from $571,337 thousand in 2017 [516]. - Cash and cash equivalents at the end of the period increased to $216,647 thousand as of December 31, 2018, compared to $184,472 thousand at the end of 2017 [520]. - The company anticipates that cash flow generated from operations will be sufficient to fund its operations and meet debt obligations over the next 12 months [517]. Capital Expenditures and Investments - The company expects capital expenditures for 2019 to be approximately $50,000 thousand, significantly lower than the previous year [519]. - The company incurred $32,740 thousand in capital expenditures related to its solar grade silicon joint venture in 2018 [519]. - Total long-term debt obligations amount to $464,844 thousand, with $32,813 thousand due within one year [539]. - Capital expenditures for the period are reported at $26,935 thousand, all due within one year [539]. - Power purchase commitments are $363,872 thousand, with $152,436 thousand due within one year [539].