Slide 1: First Quarter Figures 2024
First Quarter Figures 2024 Analyst presentation 30.04.2024
Slide 2: Disclaimer
2 First Quarter Figures 2024 30.04.2024 Disclaimer This presentation contains certain statements that are the Company’s ability to continue to receive adequate neither reported financial results nor other historical products from its vendors on acceptable terms, or at all, and information. to contin
Slide 3: Group performance
Greater chemistry CLARIANT
Slide 4: Q1 sales: Organically 6% lower in LC vs. a strong comparison base
4 First Quarter Figures 2024 30.04.2024 Q1 sales: Organically 6 % lower in LC1 vs. a strong comparison base – Group with stabilized volumes and lower pricing (formula-based) - 11 % 1 200 - 55 -5% - 14 1 074 - 57 -3 1 014 - 57 -5% -1% -5% 0% -5% Catalysts 0 % Catalysts - 2 % Impact of North Net impac
Slide 5: Geographic split Regional headline
5 First Quarter Figures 2024 30.04.2024 Geographic split Regional headline Q1 sales CHF 1 014 m – Sales in the Americas declined primarily due to scope; in CHF m, % in LC1, % organic growth in LC1 organically up 4 % (volume); increase in Catalysts (strong volume) and Care Chemicals (volume) compensa
Slide 6: Q1 EBITDA: 320 bps margin expansion – successful margin management
6 First Quarter Figures 2024 30.04.2024 Q1 EBITDA: 320 bps margin expansion – successful margin management (deflation), performance programs, reduced sunliquid® impact +4 % 173 167 12 - 18 -5 17 17.1 % 13.9 % Scope - 9 % Lower sunliquid® impacts: Lower Volume - 7 % Restructuring benefits CHF - 5 m o
Slide 7: First Quarter 2024 Strategic Priorities
7 First Quarter Figures 2024 30.04.2024 First Quarter 2024 Strategic Priorities – Completed acquisition of Lucas Meyer Cosmetics ▪ 9 months contribution to 2024 following closing on 2 April ▪ Funding secured below initial expected interest rate, via • dual-tranche senior unsecured bond (CHF 200 m, 3
Slide 8: Addressing customer needs with sustainability-driven innovation: new natural skincare active
8 First Quarter Figures 2024 30.04.2024 First Quarter 2024 – Addressing customer needs with sustainability- driven innovation: Clariant's new natural skincare active Increasing consumer Innovative natural skincare Driving growth for cosmetics awareness for self-care active and personal care − Global
Slide 9: Business performance
OKs) | xq) re ¢ CLARIANT °
Slide 10: First Quarter 2024 Care Chemicals Highlights
10 First Quarter Figures 2024 30.04.2024 First Quarter 2024 Highlights Care Chemicals in CHF m Q1 2024 Q1 2023 % CHF % LC1 – Volume increase of 2 % organically, driven by Mining Sales 581 703 - 17 - 13 Solutions, Industrial Applications, and Personal & Home EBITDA 123 128 -4 Care, compensating lower
Slide 11: First Quarter 2024 Catalysts Highlights
11 First Quarter Figures 2024 30.04.2024 First Quarter 2024 Highlights Catalysts in CHF m Q1 2024 Q1 2023 % CHF % LC1 – Volume increased in Propylene and Syngas & Fuels and Sales 187 205 -9 -2 declined in Ethylene and Specialties EBITDA 25 13 92 EBITDA margin 13.4 % 6.3 % – Price flat in all segment
Slide 12: sunliquid impacts
12 First Quarter Figures 2024 30.04.2024 sunliquid® impacts 2024 in CHF m FY Guidance Q1 2024 YTD 2024 Sales 1 1 Operational impact1 up to negative 15 -5 -5 Total exceptional items1 up to negative 30 + 0.7 + 0.7 restructuring + 1.4 + 1.4 provisions/exceptionals - 0.7 - 0.7 Cash outflow 110 - 140 - 1
Slide 13: First Quarter 2024 Adsorbents & Additives Highlights
13 First Quarter Figures 2024 30.04.2024 First Quarter 2024 Highlights Adsorbents & Additives in CHF m Q1 2024 Q1 2023 % CHF % LC1 – Volume declined 7 % except Polymer Solutions (> 10 %), Sales 246 292 - 16 - 11 while price was down 4 %, primarily driven by Additives; EBITDA 36 54 - 33 sequentially
Slide 14: Increased total cost savings to CHF 175 m by 2025
14 First Quarter Figures 2024 30.04.2024 Increased total cost savings to CHF 175 m by 2025 – Q1 2024 delivered CHF 11 m savings 175 5 10 Additional savings 20 Increased cost target by CHF 5 m savings target by to align cost base CHF 10 m 50 41 Additional savings of 24 30 CHF 50 m expected by 2025 50
Slide 15: Outlook
Outlook
Slide 16: Outlook confirmed - Local currency growth and margin improvement
16 First Quarter Figures 2024 30.04.2024 Outlook confirmed - Local currency growth and margin improvement 2024 Internal Factors Top line – Growth in Care Chemicals and Adsorbents & Additives to compensate for temporary slowdown in Catalysts momentum – Focus on pricing in recessionary/deflationary ec
Slide 17: Medium-term outlook: Continued progress in 2025 toward unchanged targets
17 First Quarter Figures 2024 30.04.2024 Medium-term outlook: Continued progress in 2025 toward unchanged targets – return to growth and continued margin improvement 2025 2025 rationale / levers 17 – 18 % Substantial improvement toward unchanged targets ~ 15.0 % FY impact and Improved Performance an
Slide 18: Appendix
Appendix
Slide 19: Modeling Guidance 2024 vs. 2023
19 First Quarter Figures 2024 30.04.2024 Modeling Guidance 2024 vs. 2023 Acquisition Divestment Business Closing Sales Impact EBITDA Impact Comments Unit 2024 vs. FY 2023 2024 vs. FY 2023 Lucas Meyer ~ CHF 35 m ~ 9 months Care Chemicals 2 April 2024 ~ CHF 75 m Cosmetics (before IFRS 3/13 inventory s
Slide 20: First Quarter 2024 – Overview
20 First Quarter Figures 2024 30.04.2024 First Quarter 2024 – Overview Group Care Chemicals in CHF m Q1 2024 Q1 2023 % CHF % LC1 in CHF m Q1 2024 Q1 2023 % CHF % LC1 Sales 1 014 1 200 - 16 - 11 Sales 581 703 - 17 - 13 EBITDA 173 167 4 EBITDA 123 128 -4 EBITDA margin 17.1 % 13.9 % EBITDA margin 21.2
Slide 21: Cost dynamics – lower year on year
21 First Quarter Figures 2024 30.04.2024 Cost dynamics – lower year on Pricing and volumes impacted by year and sequentially mixed macro environment − Raw materials decreased year on year (sequential - 2 %) − Economic environment remained challenging in Q1 2024 − Energy down year on year (sequential
Slide 22: …with accelerating demand for sustainable products
22 First Quarter Figures 2024 30.04.2024 Exposure to attractive consumer markets of > 40 %... …with accelerating demand for sustainable products Sales by end market (Q1 LTM 20241) Catalysts 23 % 23 % Chemical Process 42 % Home & Personal Care ~ 20 – 25 % Consumer Other Industrial < 5 % Mining < 5 %
Slide 23: ESG – Clariant's Sustainability Transformation Commitment
23 First Quarter Figures 2024 30.04.2024 ESG – Clariant’s Sustainability Transformation Commitment Sustainability priorities Investment in operations and portfolio Fighting Climate Change Increasing Circularity Sustainable operations Reducing our own carbon Products and solutions that enable Future-
Slide 24: Further improvement of non-financial KPIs in Q1 2024
24 First Quarter Figures 2024 30.04.2024 Further improvement of non-financial KPIs in Q1 2024 (LTM1) – Fully on track to deliver 2030 greenhouse gas (GHG) target Reducing carbon footprint / carbon footprint of raw materials New operating model driving customer satisfaction and 40 % reduction in Scop
Slide 25: Clariant is well recognized as an industry leader by important ESG ratings and rankings
25 First Quarter Figures 2024 30.04.2024 Clariant is well recognized as an industry leader by important ESG ratings and rankings Status as of February 2024
Slide 26: Debt Maturity Profile as of 31 March 2024
26 First Quarter Figures 2024 30.04.2024 Debt Maturity Profile as of 31 March 2024 – pre-closing of Lucas Meyer Cosmetics acquisition on 2 April 2024 Liquidity Financial debt maturities Cash and short-term deposits in CHF m in CHF m CHF bond Certificates of indebtedness 929 Short-term loans, lease a
Slide 27: Calendar of Upcoming Corporate Events
27 First Quarter Figures 2024 30.04.2024 Calendar of Upcoming Corporate Events 2024 30 July 2024 Second Quarter / Half Year 2024 Reporting 29 October 2024 Third Quarter / Nine Month 2024 Reporting
Slide 28: The Executive Leadership Team
28 First Quarter Figures 2024 30.04.2024 The Executive Leadership Team Conrad Keijzer Chief Executive Officer Executive Leadership Team Executive Steering Committee Christian Vang Jens Cuntze Angela Cackovich Bill Collins Tatiana Berardinelli Judith Bischof Richard Haldimann Chris Hansen Business Pr
Slide 29: IR Contacts
29 First Quarter Figures 2024 30.04.2024 IR Contacts ANDREAS SCHWARZWÄLDER Head of Investor Relations Phone: +41 61 469 63 73 Email: investor-relations@clariant.com THIJS BOUWENS Investor Relations Officer Phone: +41 61 469 63 73 Email: investor-relations@clariant.com
Slide 30: Thank you
Thank you