Umicore Sa · EURONEXT:UMI
Umicore Sa — Investor Day (March 2025)
21 slides from Umicore Sa's investor day presentation, Mar 27, 2025
Slide 1: Faster, Stronger, Longer – Catalysis
Faster, Stronger, Longer Umicore Capital Markets Day 27th March 2025 Catalysis Jensen Verhelle – EVP Catalysis
Slide 2: Disclaimer
Disclaimer This presentation is provided solely for This presentation contains forward-looking information that involves risks and general information purposes about uncertainties, including statements about Umicore’s plans, objectives, expectations Umicore and its activities. and intentions. This p
Slide 3: Automotive Catalysts, Fuel Cell & Stationary Catalysts, Precious Metals Chemistry
Automotive Fuel Cell & Precious Metals Catalysts Stationary Catalysts Chemistry Maximize cash and Capture emerging Drive sales through quality of earnings in a growth with modest customized mature market capital intensity innovation € 1.7bn Fully leveraging longer dominance of the ICE Revenues in 20
Slide 4: Maximize Cash – Automotive Catalysts
Maximize Umicore Cash Capital Markets Day AUTOMOTIVE CATALYSTS 27th March 2025
Slide 5: Longer dominance of ICE drivetrain
Longer dominance of ICE drivetrain Global ICE vehicle production Umicore market model increase versus 2023: (million units - light, medium and heavy-duty vehicles)* • Projected slowdown in electric vehicle sales and higher uptake of hybrid vehicles 82 76 • More cautious approach for light-duty vehic
Slide 6: High value light-duty gasoline segment
High value light-duty gasoline segment Global automotive catalyst market (revenues ex. metals) • Projections taking into account upcoming emission legislation: Euro 7, China 7 and US Tier 4 • Light-duty gasoline market biggest and most attractive value pool going forward LDG market: • Moderate value
Slide 7: Maximizing cash and driving quality of earnings
Building on our core business model Maximizing cash and driving quality of earnings Building on our core Leveraging unique Global catalyst market business customer proposition as longstanding in mature market stage model reliable partner LDG most Moderate growth & attractive value perspectives in va
Slide 8: Unique customer proposition
Building on our core business model Unique customer proposition Longstanding reliable partner to customers Strong presence in Balanced footprint long-lasting light-duty to support customer Maximizing markets needs globally value for customers Umicore 2024 light-duty catalyst volumes by region Europe
Slide 9: Unique customer proposition: technology and product portfolio
Building on our core business model Unique customer proposition Leading technology and product portfolio Strong technology Cost-efficient solutions Embedded position for upcoming driven by focused R&D sustainability value emission norms operations On 31 July 2024 Nissan Leading LDG player based on a
Slide 10: Longstanding partner for customers with the right technology and setup
Building on our core business model Longstanding partner for customers with the right technology and setup to maximize value in the long term #1 position* in attractive Projected global market share increase in total light-duty gasoline value pool light-duty catalyst market of 3 to 4% by 2028* *Base
Slide 11: Faster implementation of transformation strategy
Building on our core business model Performance Faster implementation of transformation strategy driven by earlier peak in ICE production and mild Euro 7 ICE PRODUCTION 2024 PEAK Optimizing capacity utilization: Faster Agile • Footprint consolidation such as Denmark and Japan with strong & stronger
Slide 12: Substantial FCF generation ahead with structural shifts in fixed costs
Building on our core business model Performance Substantial FCF generation ahead with further structural shifts in fixed costs 2025 2028 Further optimization capacity utilization Stronger Agile & longer • Maintain plant utilization > 85% while keeping flexibility to react to Footprint customer deman
Slide 13: People & Culture
Building on our core business model Performance People & Culture People & Culture Umicore Employees Capital Markets Day at Automotive Catalysts Nowa Ruda 27th March 2025 Capital Markets Day – Umicore Catalysis 13
Slide 14: People & Culture: Cash & cost excellence and value mindset
Building on our core business model Performance People & Culture People & Culture Cash & Cost excellence and value mindset People throughout the organization Continue culture journey to embrace Focus organization on long-lasting regions transformation Structure and processes and enable flexibility a
Slide 15: Capture Emerging Growth – Fuel Cell Catalysts
Capture Umicore Emerging Growth Capital Markets Day FUEL CELL CATALYSTS 27th March 2025
Slide 16: Global PEM catalyst market for fuel cell vehicles
Global PEM catalyst market for fuel cell vehicles Increasing momentum in heavy-duty hydrogen fuel cells in China Estimated global hydrogen fuel cell vehicles* (k units – per type) 160 LDV HDD 140 120 Compelling growth potential, in 100 particular for long haul heavy-duty 80 60 trucks 40 20 0 2023 20
Slide 17: Leading position in hydrogen PEM catalysts for fuel cell vehicles
Leading position in hydrogen PEM catalysts for fuel cell-based vehicles Industry Diversified customer Capacity investment to benchmark PEM portfolio, strong in key support growth for years catalyst technology growth market China to come Performance & cost leader with > 20 customers with awarded busi
Slide 18: Umicore Fuel Cell plant in Changshu, China
Umicore Fuel Cell plant in Capital Markets Day Changshu, China 27th March 2025 Capital Markets Day – Umicore Catalysis 18
Slide 19: Core 2028 – Catalysis ambitions
Core 2028 – Catalysis Our ambitions Revenue EBITDA Adj. EBITDA ROCE Catalysis in 2028 in margin 2028 in 2028 in 2028 > 25% ~ € 1.8bn ~ 25% > 35% Capex 2025-28: < € 300m FCF 2025-28: > € 1.4bn Revenues (excluding metals): All revenue elements - value of the following purchased metals : Au, Ag, Pt, Pd
Slide 20: Catalysis Take-aways
Catalysis Take-aways Faster, stronger, Driving cash and Capturing longer quality of emerging earnings in growth in fuel cell Well-positioned mature emission catalysts with to maximize control catalysts modest capital value market intensity Capital Markets Day – Umicore Catalysis 20
Slide 21: Umicore Capital Markets Day 27th March 2025
Umicore Date Capital Markets Day 27th March 2025 Capital Markets Day - Battery Materials Solutions