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
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