C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

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Energy Energy demand is expected to grow faster than population growth as the standard of living continues to rise in emerging markets; an 86% increase in energy demand is forecast by 2050. 1 Growth in energy demand will lead to significant investments in energy infrastructure needed to supply both conventional and alternative energy. AMG is meeting this demand through research and development for the safe storage of nuclear waste, vacuum furnaces used in the production of solar silicon ingots and specialty alloys used to help make industrial gas turbines more fuel efficient. In 2010 AMG acquired intellectual property and manufacturing assets related to the Mono2 solar casting technology. Mono2 is a proprietary process whereby high-efficiency monocrystallinelike silicon ingots are produced utilizing standard SCU furnaces using a variety of solar silicon feedstock. This technology is being integrated into AMG’s Engineering Systems Division’s SCU400plus and SCU600plus solar melting and crystallization vacuum furnaces. AMG has a global installed capacity of over 3.5 GW peak or the equivalent of over 500 SCU furnaces and is recognized as a leading technology provider to the solar wafer industry. AMG produces high purity silicon metal (greater than 99% purity), the basic building block for polysilicon used in solar and semiconductor wafers. AMG estimates that silicon metal demand for solar applications was 180,000 metric tons or 10% of global silicon metal production in 2010. Silicon metal is produced by melting silica and coke in a submerged electric arc furnace at high temperatures, to produce a reaction where the oxygen is removed, leaving behind silicon. AMG has an annual capacity to produce 30,000 metric tons of silicon metal annually. Timminco Limited, in which AMG has a minority investment, has a capacity to produce approximately 24,000 metric tons of silicon metal annually through its 51% ownership of Quebec Silicon. AMG also produces high purity natural graphite, a material which is used as an anode in lithium ion batteries, a rapidly growing market. $211.2M 21% $47.3M 22% AMG revenue of total AMG revenue 12 Market Focus Report | Energy gross profit gross margin
Silicon Metal—used in the production of solar energy Si C Carbon—which occurs naturally as graphite, is used in lithium ion batteries as an anode End Markets ADVANCED MATERIALS Superalloys for industrial gas turbines Coating materials for thin film solar applications Energy storage technologies ENGINEERING SYSTEMS Solar vacuum furnaces Vacuum melting and precision casting systems for industrial gas turbines Vacuum furnaces used to produce nuclear fuels GRAPHIT KROPFMÜHL Energy storage technologies Silicon metal for use in polysilicon production for solar cells TIMMINCO Silicon metal for use in polysilicon production for solar cells 1 Energy Information Agency’s International Energy Outlook 2009 Market Focus Report | Energy 13
Page 1 and 2: Li 6.9 LITHIUM Sc 45.0 Ti 47.9 Sr Z
Page 3 and 4: Silicon Metal—used for solar ener
Page 5 and 6: ADVANCED MATERIALS AMG produces hig
Page 7 and 8: It is a strategic objective of AMG
Page 9 and 10: We continue to focus on products an
Page 11 and 12: Supply Risk Critical Raw Materials
Page 13: carbon steel electronics superalloy
Page 17 and 18: N Nickel & Molybdenum- used in high
Page 19 and 20: Chromium —alloy used to produce s
Page 21 and 22: Sb Antimony—added to plastics as
Page 23 and 24: Dr. Schimmelbusch was appointed Chi
Page 25 and 26: The Advanced Materials Division’s
Page 27 and 28: Outlook Regional Breakdown Antimony
Page 29 and 30: Although the market environment for
Page 31 and 32: value proposition to ESD’s market
Page 33 and 34: Graphit Kropfmühl Graphit Kropfmü
Page 35 and 36: Risk Management and Internal Contro
Page 37 and 38: Senior Leverage covenant to 3.00x.
Page 39 and 40: Management Board Statement of Respo
Page 41 and 42: Male/US and Peru Date of birth: Oct
Page 43 and 44: Supervisory Board discussed the ris
Page 45 and 46: The Selection and Appointment Commi
Page 47 and 48: AMG OPTION PLAN (ALL CURRENCy AMOUN
Page 49 and 50: adjustment is not needed. The Super
Page 51 and 52: Sustainable Development AMG FACILIT
Page 53 and 54: association or collective bargainin
Page 55 and 56: Greenhouse Gas Emissions (thousands
Page 57 and 58: Global Reporting Initiative AMG sup
Page 59 and 60: Corporate Governance General AMG Ad
Page 61 and 62: the Management Board has a conflict
Page 63 and 64: Other than the above-mentioned agre
Page 65 and 66:
Financial Review Year ended Decembe
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In thousands of US Dollars Period e
Page 69 and 70:
Financial Statements Financial Stat
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Consolidated Statement of Comprehen
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Consolidated Statement of Changes i
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Notes to the Consolidated Financial
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Percentage held (directly or indire
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Measurement of the recoverable amou
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All financial information is presen
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(d) Derecognition of financial asse
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(ii) Intangible assets The fair val
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joint venture is impaired. If this
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the subsidiaries have a 100% intere
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The carrying amount of deferred tax
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4. Segment reporting For management
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Year ended December 31, 2009 Revenu
Page 97 and 98:
Acquisition of mine in Turkey On Au
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10. Finance income and expense 2010
Page 101 and 102:
Deferred tax assets and liabilities
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13. Property, plant and equipment C
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14. Intangible assets Cost Goodwill
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(3) ALD’s value in use was determ
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For the entities which are joint ve
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19. Restricted cash Restricted cash
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number of shares is then compared w
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subsidiaries with respect to the re
Page 117 and 118:
Assumptions regarding future mortal
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Movement in fair value of plan asse
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At December 31, 2009, the number of
Page 123 and 124:
as responsible for the clean-up ass
Page 125 and 126:
29. Other liabilities Other liabili
Page 127 and 128:
Interest on financial instruments c
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Change in price Effect on profit be
Page 131 and 132:
Fair value hierarchy The Company us
Page 133 and 134:
The open foreign exchange forward s
Page 135 and 136:
34. Capital commitments The Company
Page 137 and 138:
The compensation of the management
Page 139 and 140:
Loans and Receivables On December 1
Page 141 and 142:
AMG Advanced Metallurgical Group, N
Page 143 and 144:
3. Intangible assets Intangible ass
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7. Receivables from associates and
Page 147 and 148:
The following is the calculation of
Page 149 and 150:
Other Information Article 25 and 26
Page 151 and 152:
Shareholder Information Supervisory
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C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

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