Financial Analysis - Molycorp, Inc. produces rare earth minerals.

Page 1

10.05.2013

Company Analysis - Overview Ticker:

Molycorp Inc

MCP UN

Sector: Materials

Benchmark: S&P 500 INDEX (SPX)

New York: MCP, Currency: USD

Currency:

Industry: Metals & Mining

Molycorp, Inc. produces rare earth minerals. The Company produces rare earth products, including oxides, metals, alloys and magnets for a variety of applications including clean energy technologies, technology, and defense applications.

Year:

Telephone 1-303-843-8067 Revenue (M) 529 Business Segments in USD 2'700 Website www.molycorp.com No of Employees Rare Earth Products Address 5619 Denver Tech Center Parkwa Suite 1000 Greenwood Village, CO 80111-3013 United States Rare Earth Alloy Products Share Price Performance in USD Rare Metals Price 6.70 1M Return 22.0% Other Non-Rare Earth products 52 Week High 26.10 6M Return -10.7% 52 Week Low 4.70 52 Wk Return -73.7% 52 Wk Beta 1.81 YTD Return -29.0% Credit Ratings Bloomberg S&P Moody's Fitch

HY5 CCC+ -

Date Date Date

12/09 -

12/10 88.5x 9.2x 0.0%

12/11 18.3x 11.7x 10.6x 5.0x 2.4x 0.0%

12/12 1.9x 1.1x 0.0%

12/13E 163.5x 1.8x 1.0x -

12/14E 26.8x 8.0x 1.2x 0.9x -

12/15E 15.3x 6.6x 1.1x 0.9x -

12/09 Gross Margin -209.8 EBITDA Margin -347.9 Operating Margin -402.8 Profit Margin -403.0 Return on Assets -29.6 Return on Equity -37.4 Leverage and Coverage Ratios 12/09 Current Ratio 1.9 Quick Ratio 0.9 EBIT/Interest Tot Debt/Capital 0.0 Tot Debt/Equity 0.0 Eff Tax Rate % -

12/10 -7.8 -128.5 -145.6 -144.4 -17.6 -19.5

12/11 55.2 42.5 38.5 29.6 13.6 16.8

12/12 3.3 -21.4 -31.4 -85.0 -21.2 -44.3

12/13E 15.5 2.0 -10.6 -21.3 -1.5 -9.1

12/14E 35.6 27.8 17.5 4.8 2.0 4.9

12/15E 35.4 31.2 21.2 7.4 2.4 6.7

12/10 17.1 16.1 0.0 0.0 -

12/11 3.6 2.7 394.0 0.2 0.2 19.5

12/12 1.8 0.8 -7.5 0.5 1.0 -

22.08.2012 -

Outlook Outlook Outlook

Geographic Segments in USD Unallocated Sales

Sales (M) 1

2%

12%

Valuation Ratios P/E EV/EBIT EV/EBITDA P/S P/B Div Yield Profitability Ratios %

12%

DEVELOP NEG -

Sales (M) 293 48 46 9

74% 100% Rare Earth Products Rare Earth Alloy Products Unallocated Sales Rare Metals Other Non-Rare Earth products

Current Capitalization in USD Common Shares Outstanding (M) Market Capitalization (M) Cash and ST Investments (M) Total Debt (M) Preferred Equity (M) LT Investments in Affiliate Companies (M) Investments (M) Enterprise Value (M)

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

138.8 1263.4 227.8 1228.4 0.0 0.0 10.8 2274.9


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