Slide 1: Umicore FY 2020 performance
Umicore FY 2020 performance 11 February 2021
Slide 2: Overview
Overview Highlights 2020 2021 outlook Maintaining strategic course while responding effectively to COVID-19 crisis 2020 business review Wrap-up Q&A Umicore FY 2020 performance 2
Slide 3: Highlights 2020
Highlights 2020 Record earnings in unprecedented conditions ENERGY & SURFACE CATALYSIS TECHNOLOGIES RECYCLING Significant impact of pandemic Impact of pandemic on several Record performance with a on automotive market in H1 end-markets nearly doubling of adj. EBIT Umicore disproportionately YoY, ref
Slide 4: 2021 outlook
. © umicore moterials for a better, le 2021 outlook
Slide 5: 2021 outlook
2021 outlook Umicore expects to achieve substantial growth in earnings in 2021, with growth in all business Groups Given the current limited visibility, this outlook statement is made under the assumption that the ongoing COVID-19 outbreak would not result in additional material or protracted disrup
Slide 6: Maintaining the strategic course while responding effectively to the COVID-19 crisis
Maintaining the strategic course while responding effectively to the COVID-19 crisis
Slide 7: Maintaining the strategic course…
Maintaining the strategic course… Strong regulatory drivers Umicore committed to strategic underpin Umicore’s growth investments in clean mobility strategy and recycling EU ambition : zero-emission mobility Greenfield cathode materials plant in Poland : China : Commissioning by end of H1 2021 NEV su
Slide 8: … while responding effectively to the COVID-19 crisis
… while responding effectively to the COVID-19 crisis Health & safety Strong capital Production and liquidity footprint management reassessment Remain top priority Strict cost Consolidation of Strict hygiene and management North American other precautionary Optimization of Automotive Catalysts measu
Slide 9: 2020 business review
. © umicore moterials for a better, le O business review
Slide 10: Key figures FY 2020
Key figures FY 2020 REVENUES Adjusted EBIT Free Operating Cash Flow € 167 m (- € 39 m in 2019) € 3.2 bn € 536 m Net debt at € 1,414 m -4% YoY +5% YoY Net debt / LTM Adj. EBITDA 1.76x Adjusted NET PROFIT Adjusted EBITDA CAPEX € 403 m (Group share) € 322 m € 804 m Adjusted EPS € 1.34 Proposed gross an
Slide 11: COVID-19 outbreak: significant impact on auto-industry
COVID-19 outbreak: significant impact on auto-industry FY 2020 YoY evolution of passenger car production across all powertrains (source: IHS & Umicore - 31/12/2020) China Europe North America Global market 21% 16% 20% 12% 9% 6% 5% 5% 3% 3% 3% 3% 1% 6% 3% 3% 1% 3% -1% -2% -2% -2% -4% -6% -5% -7% -5%
Slide 12: Catalysis FY 2020 performance
Catalysis FY 2020 performance Revenues -7% and Adj. EBIT -17%; reflecting severe impact from the pandemic in H1 REVENUES 1.360 1.460 1.364 1.500 1.253 Automotive Catalysts 1.200 1.163 743 652 794 900 620 Revenue decline much lower than global car market 565 contraction 600 300 633 709 717 Disproport
Slide 13: EV battery demand evolution
EV battery demand evolution Evolution global EV LDV battery demand (GWh) Global market 14 0 12 0% Global EV battery market up 17% to 137 100% 137 GWh, driven by Europe 12 0 10 0% 10 0 Regional differences in demand patterns: 79% 80 % 80 60% Little year-on-year growth in China, well below industry an
Slide 14: E&ST FY 2020 performance
E&ST FY 2020 performance Revenues -15%; Adj. EBIT -59%; severe COVID-19 impact and significant negative operating leverage REVENUES Rechargeable Battery Materials Lower cathode materials revenues: higher NMC volumes for 1.500 1.289 1.225 EVs; lower LCO and ESS volumes 1.250 1.045 1.000 894 Underutil
Slide 15: Recycling FY 2020 performance
Recycling FY 2020 performance An exceptional metal price environment, in particular for rhodium Rhodium (EUR/kg) Palladium (EUR/kg) Gold (EUR/kg) 500.000 100.000 100.000 Historically high and volatile 450.000 +148% 90.000 +12% 90.000 +33% precious and PGM price levels in 400.000 Dec. 2019/2020* 80.0
Slide 16: Recycling FY 2020 performance
Recycling FY 2020 performance Revenues +23%; Adj. EBIT +92%; higher metal prices and to a lesser extent favorable trading conditions and supply mix REVENUES 1.000 836 Precious Metals Recycling 750 641 650 626 681 396 Higher metal prices, particularly for PGMs 500 318 311 300 368 Supportive supply en
Slide 17: Environmental focus on the Hoboken plant
Environmental focus on the Hoboken plant Lead in blood Extra measures taken Multiple years of decreases with 2019 Extra cleaning inside and outside plant readings historically low, well below 5µg/dl norm Redesigning raw materials storage Unexpected increase in July 2020 Enhancement of ventilation sy
Slide 18: Wrap-up
. © umicore moterials for a better, life Wrap-up
Slide 19: Wrap-up
Wrap-up Maintaining strategic course and commitment to growth investments in clean mobility and recycling while responding effectively to the COVID-19 crisis Strongest financial Success of Horizon 2020 performance ever despite strategy, building on unprecedented conditions complementarity of activit
Slide 20: Q&A
. © umicore moterials for a better, life Q&A
Slide 21: Q&A guidelines
Q&A guidelines • We kindly request to ask only one question per turn • To ask your question please use the “Raise your hand” button at the top menu on the Teams window. • Please keep your microphone muted until the moderator calls your name. You will then be able to unmute your microphone and ask th