Siltronic Ag · XETR:WAF
Siltronic — Siltronic Ag Ord — Q1 2026 Earnings Presentation
13 slides from Siltronic's earnings presentation, Apr 28, 2026
Slide 1: Q1 2026: In Line With Expectations
Q1 2026 IN LINE WITH EXPECTATIONS Michael Heckmeier & Claudia Schmitt April 29, 2026 © Siltronic AG
Slide 2: Q1 2026: Soft Start Into The Year As Expected
Q1 2026: SOFT START INTO THE YEAR AS EXPECTED 307 48 Sales in EUR mn Capex in EUR mn -17.5% vs. Q4 2025 Focus on 300 mm 21.2 -89 EBITDA margin in % Net cash flow in EUR mn Q4 2025: 23.3% Q4 2025: EUR 102 mn -52 936 EBIT in EUR mn Net financial debt in EUR mn Q4 2025: EUR -34 mn Dec 31, 2025: EUR 837
Slide 3: Financials Q1 2026
FINANCIALS Q1 2026 In line with expectations 3 Q1 2026 Conference Call Presentation © Siltronic AG
Slide 4: Q1 2026 P&L Figures
Q1 2026 P&L FIGURES Profit & Loss, in EUR million Comments qoq1 n Q1 2026 Q4 2025 Q1 2025 Sales o -17.5 % due to lower wafer area sold and negative product mix Sales 307 372 346 effects following delivery shifts that benefited Q4 2025 Gross profit -26 -0.3 55 o No material impact from FX (EUR/USD 1.
Slide 5: Q1 2026 Balance Sheet Figures
Q1 2026 BALANCE SHEET FIGURES Balance Sheet Composition, in EUR million Comments1 Mar 31, 2026 Dec 31, 2025 Fixed Assets EUR -18 mn Assets 4,705 4,761 ○ Only slight decline reflecting the net effect of a stronger Singapore Dollar versus the Euro and depreciation > capex Fixed Assets 3,696 3,714 Cash
Slide 6: Capex Significantly Down, Payments for Capex Above Invest-Level
CAPEX SIGNIFICANTLY DOWN, PAYMENTS FOR CAPEX ABOVE INVEST-LEVEL Capex and Payments for Capex, in EUR million Payment 1,316 roll-over effects occurred in 1,199 Q1 2026 1,074 923 700 523 380 369 180-220 48 110 2022 2023 2024 2025 2026e Q1 2026 Capital expenditures Payments for capital expenditures, gr
Slide 7: Anticipated Pronounced But Temporary Increase In Net Financial Debt
ANTICIPATED PRONOUNCED BUT TEMPORARY INCREASE IN NET FINANCIAL DEBT Net Financial Position, in EUR million Operating Cash Flow Net financial position impacted by expected -837 Dec 31, 2025 working capital effects Operating cash flow 21 Capex Change in Payments for net financial Payables -110 positio
Slide 8: Debt Repayments Started In 2025, With Additional Repayments Planned For 2026
DEBT REPAYMENTS STARTED IN 2025, WITH AN ADDITIONAL EUR 100 MN PLANNED FOR 2026 Debt Financing Instruments Maturity Profile of Debt Financing Prepayments in EUR million in EUR million of EUR ~15 mn expected to be ∑ 2029 Syn loan 2026 2027 2028 refunded in 2026 127 SGP – 2033 260 Syn loan 253 100 250
Slide 9: Outlook 2026
OUTLOOK 2026 Unchanged, though geopolitical uncertainties persist 9 Q1 2026 Conference Call Presentation © Siltronic AG
Slide 10: 2026 Outlook: ~7% YoY Growth Driven By Strong Server Demand
2026 OUTLOOK: ~7% YOY GROWTH (PRE-INVENTORY) DRIVEN BY STRONG SERVER DEMAND Growth in Wafer Area Consumption, in % yoy Smartphones Split wafer consumption 2025 2026e & PCs by end use in 2025 demand weakened 21% Smartphones 3% -10% further, while memory allocation favors 18% Servers 30% 44% servers 1
Slide 11: 2026 Guidance Confirmed
2026 GUIDANCE CONFIRMED Sales EBIT Mid-single digit below 2025 Significantly below the previous year EUR/USD 1.18 EBITDA margin Capex Between 20% and 24% Between EUR 180 and 220 mn Depreciation Net Cash Flow Between EUR 490 and 520 mn In the range of the previous year 11 Q1 2026 Conference Call Pres
Slide 12: Q&A
Q&A 12 Q1 2026 Conference Call Presentation © Siltronic AG
Slide 13: Financial Calendar and Events
Financial Calendar and Events May 8, 2026 May 19, 2026 May 28, 2026 September 1, 2026 September 2/3, 2026 AGM LBBW London Private Deutsche Bank European COMMERZBANK & ODDO Deutsche Bank European Placement Forum 2026, Champions Conference, BHF Corporate TMT Conference, London London Frankfurt Confere