Siltronic Ag · XETR:WAF
Siltronic — FY2016 Earnings Presentation
9 slides from Siltronic's earnings presentation, Feb 1, 2017
Slide 1: Preliminary Financial Figures 2016
Preliminary Financial Figures 2016 February 1, 2017
Slide 2: Preliminary, unaudited figures FY 2016: Highlights
Preliminary, unaudited figures FY 2016: Highlights Sales Sales of 933mn EUR (2015: 931mn EUR) 146mn EUR (2015: 124mn EUR), EBITDA Without negative FX effects* EBITDA would have been 167mn EUR EBITDA margin of 16% (2015: 13%) Margin Without negative FX effects* EBITDA margin would have been 18% EBIT
Slide 3: FY sales development driven by higher wafer volumes and strong JPY, offsetting lower ASPs
FY sales development driven by higher wafer volumes and strong JPY, offsetting lower ASPs in mn EUR Sales 2015 2016 Change Change in % Q1 239 221 -18 -8 Q2 247 229 -18 -7 Q3 230 237 +7 +3 Q4 215 246 +31 +14 FY 931 933 +2 +0.2 Preliminary Figures 2016 (unaudited) February 1, 2017 3 of 9
Slide 4: Sales development driven by sequentially higher wafer volumes
Sales development driven by sequentially higher wafer volumes Sales, in EUR mn 4% Comments 246.0 Positive 237.0 229.6 Volume growth y-o-y 215.3 220.6 Volume stable q-o-q Higher ASP in Q4 due to mix and increased spot prices Some tailwind from strong JPY Prices negotiations with customers
Slide 5: EBITDA increased
EBITDA increased EBITDA, in EUR mn 20 Comments Positive 15.3 15.6 Volume growth q-o-q 10.7 Higher ASP in Q4 q-o-q 10.8 due to mix and increased 50 spot prices 35.1 36.9 Hedging losses* for FY 2016 decreased to 21mn 23.2 23.6 EUR y-o-y Cost reduction on track Q4 2015 Q1 2016 Q2 2016 Q3 2016
Slide 6: EBITDA excluding FX effects 21% in Q4/2016
EBITDA excluding FX effects 21% in Q4/2016 EBITDA excl. FX effects*, in EUR mn Comments FX effects due to hedging 21 18.5 Q4/2016: EUR -2mn 16.4 Q3/2016: EUR -7.0mn 15.7 15.1 Q2/2016: EUR -2.7mn Q1/2016: EUR -9.7mn 52 Q4/2015: EUR -10.5mn 43.9 37.8 Positive effects of strong 33.7 33.3
Slide 7: Positive development in Q4 carries into Q1 2017
Positive development in Q4 carries into Q1 2017 Q4 2016 comments 2017 challenges and opportunities Sales volume stable q-o-q driven by strong IHS Markit expects around 5% growth in silicon demand area demand in 2017 Higher ASP q-o-q due to mix and increased Siltronic technologically well pos
Slide 8: Contact and Additional Information
Contact and Additional Information Issuer and Contact Additional Information Siltronic AG ISIN: DE000WAF3001 Hanns-Seidel-Platz 4 WKN: WAF300 D-81737 München Deutsche Börse: WAF Listing: Frankfurt Stock Exchange Investor Relations: Prime Standard Petra Mueller Tel. +49 89 8564-3133 Financial Calenda
Slide 9: Disclaimer
Disclaimer The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on man