Sales Performance - Sales increased by $634,474 thousand, or 55.4%, from $1,144,434 thousand in 2020 to $1,778,908 thousand in 2021, attributed to increased volumes and average realized prices across all product categories [416]. - Silicon metal sales volume increased by 22.5%, with average selling prices rising by 12.4% to $2,511/MT in 2021, compared to $2,234/MT in 2020 [417]. - Silicon-based alloys sales volume increased by 21.3%, with average selling prices increasing by 35.8% to $2,058/MT in 2021, compared to $1,899/MT in 2020 [418]. - Manganese-based alloys sales volume increased by 20.2%, with average selling prices rising by 46% to $1,492/MT in 2021, compared to $1,022/MT in 2020 [419]. - Sales increased by $99,531 thousand, or 23.4%, from $425,277 thousand in 2020 to $524,808 thousand in 2021, driven by higher market prices and strong customer demand [440]. - Sales in Europe - Manganese increased by $236,145 thousand, or 98.3%, from $240,142 thousand in 2020 to $476,287 thousand in 2021, driven by a 20.2% increase in both domestic sales and exports [448]. - Sales in Europe - Silicon rose by $197,629 thousand, or 42.3%, from $467,728 thousand in 2020 to $665,337 thousand in 2021, attributed to a 22.5% increase in both domestic sales and exports [457]. - Sales increased by $36,623 thousand, or 45.5%, from $80,572 thousand in 2020 to $117,195 thousand in 2021, driven by improved demand and market conditions in South Africa [466]. - Sales in other segments increased by $18,234 thousand, or 72.0%, from $25,334 thousand in 2020 to $43,568 thousand in 2021, driven by increased demand and prices due to supply constraints [474]. Operating Income and Expenses - Other operating income increased by $76,458 thousand, or 227.4%, from $33,627 thousand in 2020 to $110,085 thousand in 2021, mainly due to CO2 emissions allowances, which increased in market value by 130.5% [423]. - Other operating income increased by $2,469 thousand, or 84.6%, from $2,916 thousand in 2020 to $5,385 thousand in 2021, mainly due to gains on CO2 emission rights [442]. - Other operating income surged by $632 thousand, or 482.4%, from $131 thousand in 2020 to $763 thousand in 2021, mainly due to sundry sales from the idle Polokwane plant [468]. - Other operating expenses increased by $164,750 thousand, or 124.7%, from $132,059 thousand in 2020 to $296,809 thousand in 2021, mainly due to CO2 emissions provisions [425]. - Other operating expense decreased by $842 thousand, or 6.0%, from $14,098 thousand in 2020 to $13,256 thousand in 2021, due to the recovery of operating expenses following the closure of the Polokwane facility [470]. Staff Costs - Staff costs increased by $66,135 thousand, or 30.8%, from $214,782 thousand in 2020 to $280,917 thousand in 2021, primarily due to restructuring provisions and higher variable considerations [424]. - Staff costs increased by $8,475 thousand, or 11.5%, from $73,988 thousand in 2020 to $82,463 thousand in 2021, attributed to a higher number of employees and adjustments to the Pension Plan [442]. - Staff costs increased by $2,255 thousand, or 20.5%, from $11,013 thousand in 2020 to $13,268 thousand in 2021, primarily due to inflationary adjustments and accrued incentive bonuses [469]. - Staff costs in other segments increased by $14,059 thousand, or 82%, from $17,144 thousand in 2020 to $31,203 thousand in 2021, mainly due to higher personnel needs for the restart of the second furnace in Argentina [477]. - Staff costs decreased by $9,320 thousand, or 45.8%, from $20,333 thousand in 2019 to $11,013 thousand in 2020, attributed to staffing adjustments related to the Polokwane plant shutdown [539]. - Staff costs in other segments decreased by $20,784 thousand, or 54.8%, from $37,928 thousand in 2019 to $17,144 thousand in 2020, due to redundancy payments and further headcount reductions [549]. Financial Performance - Finance costs surged by $82,221 thousand, or 122.7%, from $66,968 thousand in 2020 to $149,189 thousand in 2021, primarily due to Senior Notes refinancing [431]. - Income tax expense variation amounted to $26,501 thousand, or 120.8%, from an expense of $21,939 thousand in 2020 to a benefit of $4,562 thousand in 2021 [436]. - The company recognized an impairment of $73,344 thousand in 2020, with significant amounts attributed to idled facilities in the U.S. ($35,685 thousand) and Europe ($17,941 thousand) [497]. - Impairment losses decreased by $73,481 thousand, or 100.2%, from a loss of $73,344 thousand in 2020 to a gain of $137 thousand in 2021 [427]. - Net gain in the value of assets was $758 thousand in 2021, compared to a net loss of $158 thousand in 2020 [428]. - Impairment losses decreased by $11,361 thousand, or 130.9%, from a loss of $8,677 thousand in 2020 to a gain of $2,684 thousand in 2021, due to the partial reversal of the 2020 impairment [472]. Cash Flow and Liquidity - Operating activities generated a cash flow of ($1,341) thousand in 2021, compared to $154,268 thousand in 2020, mainly due to increases in inventories and receivables [571]. - As of December 31, 2021, Ferroglobe had cash, restricted cash, and cash equivalents totaling $116,663 thousand, a decrease from $131,557 thousand as of December 31, 2020 [572][584]. - Total gross financial debt increased to $618,552 thousand as of December 31, 2021, compared to $551,547 thousand in the previous year [573]. - Working capital position improved to $464,870 thousand as of December 31, 2021, up from $339,610 thousand in 2020, driven by increases in inventories and receivables [577]. - Cash flows from operating activities turned negative at $(1,341) thousand for the year ended December 31, 2021, a significant decrease from a positive $154,268 thousand in 2020 [585]. - Cash flows from investing activities improved, with outflows decreasing to $(23,848) thousand in 2021 from $(31,940) thousand in 2020, reflecting reduced capital expenditures [586]. - Cash flows from financing activities shifted to a net inflow of $10,452 thousand in 2021, compared to a net outflow of $(113,333) thousand in 2020, primarily due to refinancing and new equity issuance [587]. - Capital expenditures for the year ended December 31, 2021, were $27,597 thousand, down from $30,257 thousand in 2020 [578]. - The company anticipates generating sufficient cash to meet both short and long-term liquidity needs [574]. - Ferroglobe paid no dividends during the years ended December 31, 2021, and 2020 [584].

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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) Q3 2021 Earnings Conference Call November 17, 2021 8:30 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 EVP, Strategy and Investor Relations Jorge Lavin - Group Controller Conference Call Participants David Rosen - Rubric Capital Brian DiRubbio - Baird Operator Good morning, ladies and gentlemen, and we ...

Exhibit 99.2 Ferroglobe PLC and Subsidiaries Unaudited Interim Condensed Consolidated Financial Statements as of June 30, 2021 and December 31, 2020 and for the three and six months ended June 30, 2021 and June 30, 2020. FERROGLOBE PLC AND SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2021 AND DECEMBER 31, 2020 Thousands of US dollars | | | June 30, | December 31, | | --- | --- | --- | --- | | | Notes | 2021 | 2020 | | ASSETS | | | | | Non-current asse ...

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 ...