Wacker Chemie Ag · XETR:WCH
Wacker Chemie — Non-Deal Roadshow (May 2024)
19 slides from Wacker Chemie's roadshow presentation, May 2024
Slide 1: WACKER – Accelerating Proven Successes
CREATING TOMORROW’S SOLUTIONS WACKER – Accelerating Proven Successes Wacker Chemie AG May, 2024 Wacker Chemie AG – Roadshow Presentation May 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 16,378 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 BIOSOLUTIONS 4 Business Segments Scientific 45 collaborations OTHER
Slide 4: SILICONES: At a Glance
SILICONES: At a Glance Financial Performance 18% 19% 11% €506m €381m The Fully Integrated Sustainability Pull For Specialty Supplier Specialty Solutions Customer’s first choice for Silicones with unmatched €81m innovative and customized solutions performance & versatility in all regions 1 Smar
Slide 5: POLYMERS: At a Glance
POLYMERS: At a Glance Financial Performance 17% 16% 15% €252m €197m VAE/DPP1 Capacity Leader Pull from Sustainability and with World Class Tandems Smart Construction Customized service to key accounts Performance-based substitution in €56m and local champions in the regions construction and bind
Slide 6: BIOSOLUTIONS: At a Glance
BIOSOLUTIONS: At a Glance Financial Performance 13% 2% 6% €337m Fast Growing Biotechnology Pull from Advanced €176m Business Medicine and Clean Food Leading microbial manufacturing CDMO outsourcing trend with high €72m technologies potential Jump-started into advanced Consumer focus on healt
Slide 7: POLYSILICON: At a Glance
POLYSILICON: At a Glance Financial Performance 31% 27% 15% €373m €318m Leadership in High End Pull from Rapidly Growing Applications Established Semi and Solar Markets #1 Position in Semi – doubled Strong growing chip demand €43m volumes sold in past 5 years High efficiency modules require hig
Slide 8: Committed to Achieve 2030 Group Targets
Committed to Achieve 2030 Group Targets Chemicals Financial KPIs 18% 18% 13% €758m €579m Faster Growth, Bolder Strategic Growth Projects Moves, High Profitability SILICONES: Specialties 20% Sales: >€10bn 17% POLYMERS: Tandems (VAE+DPP) €137m EBITDA Margin: >20% BIOSOLUTIONS: Biologics 11%
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 100% Products meet sustainability criteria 50% Reduction in absolute GHG1 emissions (vs. 2020) 100% Key suppliers meet sustainability standards Reduction in absolute Reduction in specific water 15% withdrawal (vs.
Slide 11: Q1 2024 Highlights
WACKER – FINANCIALS Q1 2024 Highlights Financials Operations Sustainability €1.49bn Higher Chemicals Silicone Gel Wins Demand Sustainability Sales (-15% yoy) Driven by lower prices Customer restocking drives volume Award improvements BELSIL® eco EG 3001 €172m 11.6% Lower Energy Costs wins the presti
Slide 12: Q1 EBITDA at €172m, Lower Prices but Higher Volumes YOY due to Restocking
WACKER – FINANCIALS Q1 EBITDA at €172m, Lower Prices but Higher Volumes YOY due to Restocking Sales (€m) Comments Q1 -15% Chemicals (SILICONES & POLYMERS) EBITDA ~2x higher 1,744 1,753 1,523 1,490 qoq on higher volumes. Strong demand for SILICONES 1,383 specialties, seasonal support for POLYMERS Q
Slide 13: Q1 2024 Results – Breakdown by Business
WACKER – FINANCIALS Q1 2024 Results – Breakdown by Business FY 2023 FY 2022 Q1 2024 Q1 2023 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 1,083 137 12.6 1,188 167 14.0 SILICONES 2,741 23
Slide 14: Guidance FY 2024
WACKER – FINANCIALS 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
Slide 15: Q1 2024 Results
Appendix Q1 2024 Results In €m Q1 2024 Q1 2023 % YoY Sales 1,490 1,744 -15% EBITDA reported 172 281 -39% EBITDA-Margin 11.6% 16.1% - EBIT 63 178 -65% EBIT-Margin 4.2% 10.2% - Net income for the period 48 147 -67% EPS 0.89 2.90 -69% CapEx 117 104 13% Net Cashflow -126 49 - Net Debt 308 - 446 - Wacker
Slide 16: Q1 2024 Results – Breakdown by Business
Appendix Q1 2024 Results – Breakdown by Business Sales EBITDA EBITDA Margin (%) In €m / % Q1/24 Q1/23 % YoY Q4/23 % QoQ Q1/24 Q1/23 % YoY Q4/23 % QoQ Q1/24 Q1/23 Q4/23 Chemicals 1,083 1,188 -9% 952 14% 137 167 -18% 69 98% 12.6 14.0 7.3 SILICONES 710 760 -7% 610 17% 81 96 -15% 37 >100% 11.4 12.6 6.1
Slide 17: 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 18: Progress Made on Achieving Ambitious Group Sustainability Targets
Appendix 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% 2
Slide 19: WACKER: Issuer, Contact and Additional Information
WACKER: Issuer, Contact and Additional Information Issuer and Contact Financial Calendar INVESTOR RELATIONS CONTACTS 05/08/24 Annual General Meeting, Munich 07/26/24 Q2 2024 Results Joerg Hoffmann, CFA 09/18+19/24 CMD Burghausen Tel. +49 89 6279 1633 | joerg.hoffmann@wacker.com 10/29/24 Q3 2024 Resu