Sgl Carbon Se · XETR:SGL
Sgl Carbon — Sgl Group Ord — Q1 2024 Earnings Presentation
19 slides from Sgl Carbon's earnings presentation, May 8, 2024
Slide 1: Q1 2024 Results Investor & Analyst Conference Call
Q1 2024 Results Investor & Analyst Conference Call Dr. Torsten Derr (CEO) Thomas Dippold (CFO) Wiesbaden I May 8, 2024
Slide 2: Agenda
Agenda 1. Details on Q1 2024 2. Outlook 2
Slide 3: Q1 2024 in a nutshell
Q1 2024 in a nutshell Financials Business Outlook 272.6 mEUR EBITDApre Ongoing strong performance in GS Group sales - 3.9% margin and PT Guidance 2024 confirmed: driven by weak improvement Weakness in CF continues Sales on previous year level demand in CF and EBITDApre 160 – 170 mEUR divesture Pune/
Slide 4: Details on Q1 2024
1 Details on Q1 2024 “Q1 2024 development in line with FY 2024 guidance“ 4
Slide 5: Improvement in EBITDApre despite slightly lower sales
Improvement in EBITDApre despite slightly lower sales Sales (in mEUR) Sales split (in %) -3.9% Corporate 272.6 283.7 Composite Solutions 1.3% 13.6% Graphite Solutions Carbon Fibers 51.9% 21.1% Q1 2024 Q1 2023 Process Technology EBITDApre (in mEUR) 12.1% +5.0% Key developments 42.1 40.1 • Ongoing str
Slide 6: Graphite Solutions (GS) – significantly improved profitability
Graphite Solutions (GS) – significantly improved profitability Sales (in mEUR) Key developments +0.3% Sales • Main driver: Semiconductor & LED increase by 34% yoy 141.3 140.9 • Full utilization of production capacities in semi business • Other market segments burdened by macro economic weakness Q1 2
Slide 7: Process Technology (PT) – Strong demand continuing
Process Technology (PT) – Strong demand continuing. Higher share of parts & service business supporting margin development Sales (in mEUR) Key developments +3.4% Sales 33.0 31.9 • Success from 2023 continued in Q1 2024 • Strong increase of parts & service business • Sales growth esp. in Europe with
Slide 8: Carbon Fibers (CF) – Low demand from wind continuing
Carbon Fibers (CF) – Low demand from wind continuing, restructuring measures intensified Sales (in mEUR) Key developments -9.6% Sales • Significant sales decrease in nearly all CF market 57.6 63.7 segments due to demand weakness • Negative price trend for commodity products Q1 2024 Q1 2023 EBITDApre
Slide 9: Composite Solutions (CS) – Slight negative impact on sales and earnings
Composite Solutions (CS) – Slight negative impact on sales and earnings due to expiring automotive contract Sales (in mEUR) Key developments -6.8% Sales 39.8 • Automotive nearly stable with 94% of BU sales 37.1 • Expiry of an automotive supply contract in North America resulted in lower volumes and
Slide 10: Corporate – One-time effects impact sales and earnings
Corporate – One-time effects impact sales and earnings Sales (in mEUR) Key developments -3.8 mEUR Sales 7.4 • Sale of Gardena (USA) and Pune (India) sites, allocated to Corporate in Q1 2023 until divestment resulted in 3.6 significantly lower sales in Q1 2024 Q1 2024 Q1 2023 EBITDApre EBITDApre (in
Slide 11: Another solid quarter with positive net result and free cash flow
Another solid quarter with positive net result and free cash flow Key figures (in mEUR) Key developments • Net result*: Net result* Free cash flow (FCF) Net financial debt decrease of 2.6 mEUR due to higher non-recurring exp. (2.4 mEUR) and taxes (2.0 mEUR) as well as lower negative financial result
Slide 12: Higher capex to increase GS and BSCCB production capacity
Higher capex to increase GS and BSCCB production capacity Capex per business unit in Q1 2024 (in mEUR) Key developments • Capex: Higher capex in GS to increase 6.2 23.9 capacities for semiconductors as well as building for BSCCB expansion 2.0 • Depreciation & amortization with 0.8 13.0 mEUR below pr
Slide 13: Outlook
2 Outlook “We confirm our guidance 2024 and our portfolio strategy” 13
Slide 14: Semiconductors drive SGL's growth and profitability
Semiconductors drive SGL‘s growth and profitability Sales split GS by market segment in Q1 2024 Sales split Semi/LED market segment versus Q1 2023 (in %) mEUR LED Si Semi SiC Semi 72.4 Industrial Applications 62.6 27.6% (30.9%) 67% Semiconductor / 37.3 58% LED Transport 51.2% (44.4%) 9.6% (9.8%) 45%
Slide 15: Build a profitability-driven portfolio company for advanced materials
Build a profitability-driven portfolio company for advanced materials EBITDApre margins (in %) SGL Carbon business portfolio strategy • Focus on innovative and customized products 30% • Attractive markets with growth potential in which SGL Carbon has a leading market position 20% • Clear profitabili
Slide 16: Q&A We are looking forward to your questions
Q&A We are looking forward to your questions © Copyright SGL Carbon SE ® Registered trademarks of SGL Carbon SE
Slide 17: Financial calendar and IR contact details
Financial calendar and IR contact details Financial calendar Contact May 23, 2024 Investor Relations • Annual General Meeting (virtual) SGL Carbon SE Söhnleinstrasse 8 August 8, 2024 65201 Wiesbaden/Germany • Report on the First Half Year 2024 Phone: +49 611 6029-103 • Conference call for investors
Slide 18: SGL Carbon to report EBIT / EBITDApre (exceptionals)
SGL Carbon to report EBIT / EBITDApre (exceptionals) Definition of exceptionals (for 2024/2023) • Depreciation in accordance with IFRS: ‒ effects of impairment (IAS 36) ‒ purchase price allocations (IFRS 3) ‒ effects on assets held for sale in accordance with IFRS 5 • Restructuring expenses • Procee
Slide 19: Important Note
Important Note This presentation contains statements relating to certain projections and business trends that are forward-looking, including statements with respect to SGL Carbon’s outlook and business development, including developments in SGL Carbon’s Graphite Solutions (GS), Process Technology (P