Wacker Chemie Ag · XETR:WCH
Wacker Chemie — Non-Deal Roadshow (March 2024)
17 slides from Wacker Chemie's roadshow presentation, March 2024
Slide 1: WACKER – Accelerating Proven Successes
CREATING TOMORROW’S SOLUTIONS WACKER – Accelerating Proven Successes Wacker Chemie AG March 2024 Ticker: WCH @Wacker Chemie AG www.wacker.com March 2024 0
Slide 2: 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
Slide 3: WACKER: At a Glance
WACKER: At a Glance Facts & Figures POLYSILICON SILICONES No. 1 in semi No. 2 €6.4bn 15,725 Sales in 2023 Employees €824m 27 Sales EBITDA in 2023 Production Sites FY 2023 13% 22 EBITDA margin in 2023 Technical Centers POLYMERS No. 1 Scientific BIOSOLUTIONS 4 Business Segments 45 collaborations OTHER
Slide 4: SILICONES: At a Glance
SILICONES: At a Glance Financial Performance 16% 22% 9% €582m The Fully Integrated Sustainability Pull For Specialty Supplier Specialty Solutions €304m €236m Customer’s first choice for Silicones with unmatched innovative and customized solutions performance & versatility in all regions Smart
Slide 5: POLYMERS: At a Glance
POLYMERS: At a Glance Financial Performance 17% 16% 16% €253m €231m €197m VAE/DPP1 Capacity Leader Pull from Sustainability and with World Class Tandems Smart Construction Customized service to key accounts Performance-based substitution in and local champions in the regions construction and bin
Slide 6: BIOSOLUTIONS: At a Glance
BIOSOLUTIONS: At a Glance Financial Performance 16% 10% 2% €337m €227m Fast Growing Biotechnology Pull from Advanced Business Medicine and Clean Food €158m Leading microbial manufacturing CDMO outsourcing trend with high technologies potential Jump-started into advanced Consumer focus on hea
Slide 7: POLYSILICON: At a Glance
POLYSILICON: At a Glance Financial Performance 33% 26% 20% €350m €323m €321m Leadership in High End Pull from Rapidly Growing Applications Established Semi and Solar Markets #1 Position in Semi – doubled Strong growing chip demand volumes sold in past 5 years High efficiency modules require hi
Slide 8: Committed to Achieve 2030 Group Targets
Committed to Achieve 2030 Group Targets Chemicals Financial KPIs 22% 28% 10% €815m Faster Growth, Bolder Strategic Growth Projects Moves, High Profitability €500m €490m SILICONES: Specialties 20% Sales: >€10bn POLYMERS: Tandems (VAE+DPP) EBITDA Margin: >20% 17% 11% BIOSOLUTIONS: Biologics
Slide 9: 2030 Targets - Capital Allocation Priorities
2030 Targets - Capital Allocation Priorities GROWTH High-Return Growth CapEx 1 CapEx and M&A Accelerate chemical capacities in all regions, diversified portfolio of downstream projects Early-stage assets, create synergies in BIOSOLUTIONS; strengthen market position SHAREHOLDER Strong Commitment
Slide 10: Ambitious Sustainability Targets for 2030
Ambitious Sustainability Targets for 2030 Value Up Footprint Down Collaboration Beyond Reduction in absolute GHG1 100% Products meet sustainability criteria 50% emissions (vs. 2020) 100% Key suppliers meet sustainability standards Reduction in absolute Reduction in specific water 15% withdrawal (vs.
Slide 11: Progress Made on Achieving Ambitious Group Sustainability Targets
Progress Made on Achieving Ambitious Group Sustainability Targets 2020 2021 2022 2023 2030 Target Net Zero 100% 93% 87% 72% 100% reduction by 2045 Value Up Sustainable products 83% 89% 90% 94% 100% of products meet defined sustainability criteria Diversity: Woman in management 17% 19% 21% 21% 33% of
Slide 12: Guidance FY 2024
Guidance FY 2024 In €m FY 2023 Outlook 2024 Sales 6,402 €6,000 – 6,500m EBITDA 824 €600 – 800m EBITDA margin (%) 12.9 Substantially lower than last year Net cash flow 166 Negative, substantially lower than last year CapEx 710 Slightly lower than last year Net Debt 84 Higher than last year Net Income
Slide 13: Q1 Trading Update
Q1 Trading Update Sales of about €1.5bn with an EBITDA at the Level of Q4/23 at about €135m SILICONES POLYMERS Sales and EBITDA sequentially higher Sales and EBITDA sequentially higher Continued low ASP for Standards Q1 benefits from seasonality Improved order intake so far Demand from c
Slide 14: FY 2023 Results – Breakdown by Business
Appendix FY 2023 Results – Breakdown by Business FY 2023 FY 2022 Q4 2023 Q4 2022 EBITDA EBITDA EBITDA EBITDA In €m / % SALES EBITDA MARGIN SALES EBITDA MARGIN SALES EBITDA MARGIN SALES EBITDA MARGIN Chemicals 4,321 490 11.3 5,449 1,165 21.4 952 69 7.3 1,128 168 14.9 SILICONES 2,741 236 8.6 3,453 876
Slide 15: Strong Growth of Global PV Markets in 2024 Expected
Appendix Strong Growth of Global PV Markets in 2024 Expected Country 2020 2021 2022 2023 2024 Germany 5 5 8 14 14 - 18 Spain 3 4 8 8 8 - 10 Europe other 13 20 30 35 38 - 52 Europe total 21 29 45 57 60 - 80 USA 19 25 19 33 35 - 55 Japan 8 8 7 7 6-8 China 48 55 87 217 230 - 250 India 4 12 14 10 15 - 2
Slide 16: Key Raw Materials, Power and Gas
Appendix Key Raw Materials, Power and Gas Si-Metal (€/mt) Electricity (€/MWh) 10,000 500 8,000 400 6,000 300 4,000 200 2,000 100 0 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Source: CRU, Si-Metal Spot FD Europe Source: EEX, Baseload Front Contract Avg. Month VAM (€/mt) Natural Gas (€/MWh) 4
Slide 17: WACKER: Issuer, Contact and Additional Information
WACKER: Issuer, Contact and Additional Information Issuer and Contact Financial Calendar INVESTOR RELATIONS CONTACTS 04/25/24 Q1 2024 Results 05/08/24 Annual General Meeting, Munich Joerg Hoffmann, CFA 07/26/24 Q2 2024 Results Tel. +49 89 6279 1633 | joerg.hoffmann@wacker.com 09/18+19/24 CMD Burghau