Slide 1: Umicore FY 2021 performance
Umicore FY 2021 performance 16 February 2022 Umicore PUBLIC document Umicore PUBLIC document Umicore cathode materials plant (Nysa, Poland)
Slide 2: Agenda
Agenda • All-time record results and cash flows • FY 2021 business review • Update on Let’s go for Zero • 2022 outlook • Capital Markets Day: 22 June 2022 • Wrap-up • Q&A Umicore PUBLIC document FY 2021 Umicore performance 2
Slide 3: Record Results and Cash Flows
Umicore 2021 FY Record Results and Cash Flows Umicore PUBLIC document Umicore PUBLIC document
Slide 4: Record results and cash flows
Record results and cash flows Strong operational performance across business groups, further boosted by metal prices Revenues Adjusted EBIT Revenue and earnings growth across billion € million € business groups 971 4000 4.0 1000 Strong and resilient operational +22% 900 +81% performance in all bus
Slide 5: Strong growth of Business Performance
Strong growth of Business Performance 30% adj EBIT growth excluding precious metal price effect Business Performance: appr. + € 160 million +37% • ~ € 700 million adj EBIT 2021 and approx. 30% adj. 1000 EBIT growth excluding precious metal price effect 900 +30% ~ € 270m • Strong operational performa
Slide 6: Substantial outperformance of the automotive market in Catalysis
Substantial outperformance of the automotive market and high operational efficiency in Catalysis Umicore PUBLIC document Umicore PUBLIC document
Slide 7: Auto industry significantly impacted by semiconductor shortages in H2 2021
Auto industry significantly impacted by semi- conductor shortages in H2 2021 Monthly global passenger car production (all powertrains) Source: IHS (Jan. 2022 update) & Umicore Visible recovery of automotive industry from 9,000,000 COVID-19 in 1H 21 8,000,000 7,000,000 Severe decline in car produ
Slide 8: Catalysis FY 2021 performance
Catalysis FY 2021 performance Revenues +24% and adj. EBIT +112% H2 EBITDA margin H1 EBIT margin Strong performance across business units further supported by favorable PGM price environment Revenues 1,687 1,700 1,460 1,360 1,364 1,400 1,253 Automotive Catalysts 780 1,100 652 743 Strongly outperf
Slide 9: Sharp demand recovery and higher EV cathode materials volumes in E&ST
Sharp demand recovery in key end-markets and higher sales volumes of EV cathode materials in E&ST Umicore PUBLIC document Umicore PUBLIC document
Slide 10: E&ST FY 2021 performance
E&ST FY 2021 performance Revenues +12% and adj. EBIT +85%, reflecting outstanding CSM contribution H1 EBITDA margin Revenues H2 EBIT margin 1289 1225 1174 1,300 1045 Rechargeable Battery Materials 1,050 894 639 618 580 EV NMC cathode materials volumes well up 800 488 495 Strong growth in EU sale
Slide 11: Global cathode materials capacity
Global cathode materials capacity Targeting to almost double capacity towards 2024 Growing portion of high nickel sales volumes Well-advanced qualifications for high nickel platforms with 38% 2021 European and Asian cell and car OEMs 65 GWh 62% First sizeable portion of high nickel cathode mater
Slide 12: European CAM Gigafactory Nysa
European CAM Gigafactory Nysa Production start in Q2/2022 First industrial scale cathode materials production plant in Europe Commissioned end of H1 2021 with initial commercial production volumes mid-2022 starting with Samsung SDI Capacity to reach 40 GWh in 2024 with potential to increase to
Slide 13: Battery Materials JV with Volkswagen AG
Battery Materials JV with Volkswagen AG Securing significant cathode materials volumes in Europe JV Principles 1. JV providing secured access to significant part of the European EV market resulting in substantial economies of scale for Umicore 1. 2. Valorizing Umicore’s long-standing technological i
Slide 14: Robust performance and exceptional precious metals prices in Recycling
Robust operational performance, strong contribution from trading and exceptional precious metals price environment in Recycling Umicore PUBLIC document Umicore PUBLIC document
Slide 15: Recycling FY 2021 performance
Recycling FY 2021 performance Revenues +33% and adj. EBIT +58% H1 EBITDA margin H2 EBIT margin Precious Metals Refining Revenues 1,200 1108 Extraordinary metal price environment, with average price levels of 950 836 most precious metals well above previous year 681 457 650 626 700 Robust operati
Slide 16: Update on Let's Go for Zero
Update on Let’s Go for Zero Umicore PUBLIC document Umicore PUBLIC document
Slide 17: Implementing our ESG strategy
Implementing our ESG strategy Net Zero GHG Clear inroads made on tackling scope 2 emissions with several green PPAs in place New on-site renewables installations completed Committed in 2021 Scope 3 emissions target to be announced by mid-2022 Zero inequality & Zero harm New diversity, inclusion, wel
Slide 18: 2022 outlook
2022 outlook Umicore PUBLIC document Umicore PUBLIC document
Slide 19: Guidance for full year 2022
Guidance for full year 2022 Umicore expects again a strong underlying performance in 2022 across all of its business groups, despite the cost inflation and provided that geopolitical developments, the pandemic or supply-chain constraints will not result in additional material disruptions to the econ
Slide 20: Capital Markets Day 2022
Capital Markets Day 2022 Umicore is setting out its strategic roadmap to further build on its leadership positions in clean mobility materials and recycling and its unique approach to sustainability “We are looking forward to sharing our strategic roadmap at our Capital Markets Day.” Save the date:
Slide 21: Wrap-up
Wrap-up Umicore PUBLIC document Umicore PUBLIC document
Slide 22: Wrap up
Wrap up Outstanding operational Full year 2022 guidance for performance across business another strong underlying groups leading to record results performance Significant progress in preparing Long-term strategy to be Umicore for the next chapter of presented at Capital Markets growth Day on 22 June
Slide 23: Q&A
Q&A Umicore PUBLIC document Umicore PUBLIC document
Slide 24: Umicore PUBLIC document
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