ATOTECH LIMITED
Other non-financial assets 3.8 2.7
Total non-current assets 2,654.6 2,811.6
---------------- --- ---------------
Current assets
Inventories 162.9 145.4
Trade receivables* 247.1 262.0
Other financial assets* 23.1 24.9
Other non-financial assets* 31.7 24.1
Tax assets 47.9 46.4
Cash and cash equivalents 216.8 320.1
Total current assets 729.5 822.9
Total assets $ 3,384.0 $ 3,634.5
==== ================ === ===============
Liabilities &
shareholders' equity
Shareholders' equity
Common shares and preferred
shares 19.5 102.1
Paid-in surplus and retained
earnings 739.9 261.6
Currency translation adjustment
and other reserves 65.1 120.0
Total shareholders' equity 824.5 483.7
---------------- --- ---------------
Non-current liabilities
Borrowings $ 1,557.0 $ 2,065.7
Deferred tax liabilities 324.7 340.8
Employee benefits 157.5 176.2
Provisions 12.6 13.2
Lease liabilities 62.8 67.7
Other financial liabilities 0.0 1.5
Total non-current
liabilities 2,114.8 2,665.1
---------------- --- ---------------
Current liabilities
Borrowings 7.2 0.5
Trade payables 197.2 221.0
Tax liabilities 82.1 99.2
Lease liabilities 13.4 13.8
Other financial liabilities 30.7 38.5
Other non-financial liabilities 95.3 89.7
Provisions 18.9 23.0
Total current liabilities 444.8 485.8
---------------- --- ---------------
Total liabilities &
shareholders' equity $ 3,384.0 $ 3,634.5
==== ================ === ===============
ATOTECH LIMITED
Consolidated Statement of Cash Flows
Three months ended
(unaudited)
------------------------
March March
31, 31,
($ in millions) 2021 2020
-------- --------
Operating activities
Consolidated net income (loss) $ (71.6) $ (39.9)
Adjustments to reconcile net income (loss) to cash
provided by operating activities:
Depreciation and amortization 44.6 41.3
Income taxes and changes in non-current provisions 10.1 9.2
(Gains)/losses on disposals of assets 0.1 0.2
Net (gain)/loss on financial instruments at fair value 45.3 32.2
Accrued financial interest costs 31.2 31.9
Amortization of deferred financing cost, including
original issuance discounts 54.7 3.7
Interest paid (27.7) (33.2)
Taxes paid (38.7) (16.0)
Other (10.8) (0.8)
(Increase)/decrease in inventories (21.8) (35.8)
(Increase)/decrease in trade receivables 10.0 22.2
Increase/(decrease) in trade payables (16.3) (6.4)
Changes in other assets and liabilities (8.5) (9.9)
Cash flow provided by operating activities 0.4 (1.4)
-------- --------
Investing activities
Intangible assets and property, plant and equipment
additions (11.5) (11.0)
Proceeds from disposals of intangible assets and property,
plant and equipment 0.1 --
Repayments of non-current loans 0.0 0.1
Cash flow used in investing activities (11.4) (10.9)
-------- --------
Financing activities
Issuance of shares 472.7 --
Issuance of non-current debt 100.0 75.0
Repayment of non-current debt (648.9) (4.0)
Increase (decrease) in current financial assets and
liabilities (4.0) 0.4
Payment of lease liabilities (3.9) (3.6)
Payment of deferred finance costs -- (9.2)
Cash flow used in financing activities (84.2) 58.5
-------- --------
Net decrease in cash and cash equivalents (95.2) 46.3
======== ========
Effect of exchange rates (8.1) (9.1)
Cash and cash equivalents at the beginning of the
period 320.1 302.7
Cash and cash equivalents at the end of the period $ 216.8 $ 340.0
======== ========
ATOTECH LIMITED
Revenue Data
Three months ended
(unaudited)
--------------------------------
($ in millions) March 31, 2021 March 31, 2020
-------------- --------------
Type of goods or service
Chemistry revenue $ 317.0 $ 261.4
Equipment revenue 36.1 21.3
Total revenue from contracts
with customers 353.1 282.7
============== ==============
Geographical market
Asia 237.7 186.9
Europe 84.5 64.5
Americas 30.9 31.3
Total revenue from contracts
with customers $ 353.1 $ 282.7
============== ==============
ATOTECH LIMITED
Segment Data
Three months ended
(unaudited)
----------------------------------------------
March 31, 2021 March 31, 2020
---------------------- ----------------------
($ in millions) EL GMF Total EL GMF Total
Revenue $225.6 $127.5 $353.1 $172.1 $110.5 $282.7
thereof
Chemistry
revenue 192.2 124.9 317.0 154.7 106.7 261.4
thereof
Equipment
revenue 33.4 2.7 36.1 17.4 3.9 21.3
Segment Adjusted
EBITDA 75.7 34.6 110.3 54.7 29.1 83.8
ATOTECH LIMITED
Reconciliation of Adjusted EBITDA to Consolidated Net Income (Loss)
Three months ended
(unaudited)
------------------------
March March
31, 31,
($ in millions) 2021 2020
-------- --------
Consolidated net income (loss) $ (71.6) $ (39.9)
Interest expense, net 80.4 35.3
Income taxes 9.9 13.7
Depreciation and amortization (excluding impairment
charges) 45.1 41.2 (MORE TO FOLLOW) Dow Jones Newswires
May 04, 2021 06:00 ET (10:00 GMT)
