Siltronic Ag · XETR:WAF

Siltronic — Q1 2019 Earnings Presentation

17 slides from Siltronic's earnings presentation, May 3, 2019

  1. Slide 1: Siltronic AG Q1 2019 Results

    Siltronic AG Q1 2019 Results May 3, 2019 © Siltronic AG

  2. Slide 2: Highlights Q1 2019: Financials

    Highlights Q1 2019: Financials Sales  EUR 354.4m (Q4 2018: EUR 388.1m) EBITDA  EUR 127.2m (Q4 2018: EUR 160.8m)  EBITDA margin: 35.9% (Q4 2018: 41.4%) EBIT  EUR 103.4m (Q4 2018: EUR 138.9m)  EBIT margin: 29.2% (Q4 2018: 35.8%) CapEx  EUR 72.8m (Q4 2018: EUR 115.5m) Net cash flow  EUR 80.8m (Q

  3. Slide 3: Market Update

    MARKET UPDATE © Siltronic AG

  4. Slide 4: Market developments

    Market developments End Markets 2019  While most end markets seem to be soft from a unit point of view in 2019, content is mainly growing. Silicon wafer market 2018  Q1 2019 SEMI market was ~6.6 bn cm², -5.6% below Q4’18 average and -1.0% YoY. Wafer demand  Strong decline in demand for 150 mm  M

  5. Slide 5: 300mm demand impacted by smartphone and server softness; Overall 200mm will depend on industry

    300mm demand impacted by smartphone and server softness; Overall 200mm will depend on industry and automotive. Si consumption demand drivers Si consumption share per selected end market Volume Content Inventory Total effect in % of total surface in 2018 effects Smart- phones 34% 19% 4% 4% PCs 5% 1%

  6. Slide 6: Financials Q1 2019

    FINANCIALS Q1 2019 © Siltronic AG

  7. Slide 7: Slow start into 2019 due to weaker wafer area demand

    Slow start into 2019 due to weaker wafer area demand Sales, in EUR million Cost of Sales, in EUR million 354.4 361.3 379.8 388.1 327.4 202.5 209.3 204.8 208.1 209.9 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Gross profit, in EUR million / Gross margin, in % Comme

  8. Slide 8: Profitability affected by higher costs

    Profitability affected by higher costs EBITDA, in EUR million / EBITDA margin, in % Depreciation, in EUR million 37.4 40.4 42.2 41.4 35.9 122.3 146.0 160.2 160.8 127.2 25.7 21.9 22.2 21.9 23.8 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 EBIT, in EUR million / EBIT

  9. Slide 9: Shareholders to participate in continued value creation

    Shareholders to participate in continued value creation Net profit attributable to shareholders, EPS, in EUR in EUR million 97.5 2.62 3.04 3.53 3.25 2.68 78.6 91.3 105.8 80.3 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Dividend payment, in EUR million Comments  N

  10. Slide 10: Strong equity ratio and solid net financial assets

    Strong equity ratio and solid net financial assets Equity, in EUR million Pension provision, Net financial assets, Equity ratio, in % in EUR million in EUR million 49.9 50.4 48.4 48.4 46.6 Interest rates IFRS USA 3.81% 3.99% 4.02% 4.08% 3.69% Germany 2.02% 2.00% 2.04% 1.98% 1.66% 720 842 916 968 603

  11. Slide 11: Strong net cash flow despite high payments for capex

    Strong net cash flow despite high payments for capex Operating cash flow (OCF), in EUR million Customer prepayments net (PP), in EUR million 231.2 174.6 165.4 115.7 131.1 80.7 37.2 18.7 4.4 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 -16.8 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 CF Capex, in EUR million

  12. Slide 12: Outlook

    OUTLOOK © Siltronic AG

  13. Slide 13: Siltronic Outlook 2019 (as of April 10, 2019)

    Siltronic Outlook 2019 (as of April 10, 2019) EBITDA margin  between 33% and 37% (prior: slightly below prior year) EBIT  significantly below 2018 (prior: a good 10% below 2018)  clearly positive, approx. EUR 150m (prior: EUR 100m) below 2018, with a Net cash flow subsequent significant increase

  14. Slide 14: Appendix

    APPENDIX © Siltronic AG

  15. Slide 15: 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 Email: petra.mueller@siltronic.com Tel.

  16. Slide 16: Disclaimer

    Disclaimer The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements contained in this presentation may be statements of future expectations, future financial performance and other forward-looking statements

  17. Slide 17: Siltronic AG | Hanns-Seidel-Platz

    SILTRONIC AG | Hanns-Seidel-Platz 81737 Munich 4 Germany © Siltronic AG

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