Wacker Chemie Ag · XETR:WCH
Wacker Chemie — Non-Deal Roadshow (October 2022)
22 slides from Wacker Chemie's roadshow presentation, Oct 28, 2022
Slide 1: WACKER – Accelerating Proven Successes
CREATING TOMORROW`S SOLUTIONS WACKER – Accelerating Proven Successes Wacker Chemie AG October 28, 2022 @Wacker Chemie AG Ticker: WCH www.wacker.com 0 October 28, 2022
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 €6.21bn 14,400 Sales in 2021 Employees €1.54bn 26 Sales EBITDA in 2021 Production Sites FY 2021 24.8% 23 EBITDA margin Technical Centers POLYMERS in 2021 No. 1 Business Scientific OTHERS 4 Segments 45 collaborations BIOSOL
Slide 4: Transformation to Full Specialty Setup
Transformation to Full Specialty Setup CHEMICALS BIOSOLUTIONS POLYSILICON Specialty transformation Biotechnology foundation High-end focus Strong profitability Innovation and technologies #1 in semi Regional expansion Bolt-on acquisitions Improved mix Focused investments Leading micr
Slide 5: SILICONES: At a Glance
SILICONES: At a Glance Financial Performance 27% 21% €753m The Fully Integrated Sustainability Pull For €496m 14% Specialty Supplier Specialty Solutions 22% €253m €198m Customer’s first choice for Silicones with unmatched innovative and customized solutions performance & versatility in all regio
Slide 6: POLYMERS: At a Glance
POLYMERS: At a Glance Financial Performance 16% 16% 17% €244m €214m €186m VAE/DPP Capacity Leader Pull from Sustainability and with World Class Tandems Smart Construction 12% Customized service to key accounts Performance-based substitution in €60m and local champions in the regions construction
Slide 7: BIOSOLUTIONS: At a Glance
BIOSOLUTIONS: At a Glance Financial Performance 13% €300m 5% €250m 16% Fast Growing Biotechnology Pull from Advanced €155m 5% Business Medicine and Clean Food €89m Leading microbial manufacturing CDMO outsourcing trend with high technologies potential Jump-started into advanced Consumer focu
Slide 8: POLYSILICON: At a Glance
POLYSILICON: At a Glance Financial Performance 32% €629m 42% 21% Leadership in High End Pull from Rapidly Growing €377m 31% Applications Established Semi and Solar Markets €216m €191m #1 Position in Semi – doubled Strong growing chip demand volumes sold in past 5 years High efficiency modules
Slide 9: Entering a New Phase with New Group Targets & Ambitions for 2030
Entering a New Phase with New Group Targets & Ambitions for 2030 Faster Growth, Bolder Moves, Higher Profitability SALES: > 10 bn EUR EBITDA Margin: > 20% VOLUME/MIX CAGR: 1.5 – 2 x Historic ROCE: 2x Cost of Capital @Wacker Chemie AG October 28, 2022 8
Slide 10: Addressing Customer Demand – Segment Strategies and 2030 Targets
Addressing Customer Demand – Segment Strategies and 2030 Targets CHEMICALS BIOSOLUTIONS POLYSILICON Accelerate Growth Incubate, Innovate, Grow Strengthen Semi Position Demand pull from sustainability Demand pull from advanced Demand pull from rapidly growing medicine and clean food semi/solar
Slide 11: WACKER is Taking Actions for Power and Gas Challenges
WACKER is Taking Actions for Power and Gas Challenges Nat. Gas (€/MWh, Germany) Gas Curtailment in 2022 is Not the Lead Scenario 250 237 € High Gas storage target of 95% achieved in October, ahead of November deadline 200 150 Gas levy dropped; in addition, newly proposed energy price caps (power
Slide 12: Updated Guidance FY 2022
Updated Guidance FY 2022 In €m FY 2021 Outlook 2022 Sales 6,208 €8.0 – 8.5bn €2.1 – 2.3bn at current conditions in the energy markets EBITDA 1,539 (Previously: €1.8 –2.3bn) EBITDA margin (%) 24.8% Slightly higher than last year (Previously: on par with last year) Net cash flow 761 Clearly positive,
Slide 13: Q3 2022 Results – P&L
Appendix: Q3 2022 Results – P&L In €m Q3 2022 Q3 2021 % YoY Q2 2022 % QoQ Sales 2,132 1,659 29% 2,174 -2% EBITDA 457 450 2% 626 -27% EBITDA margin 21.4% 27.1% - 28.8% - EBIT 351 359 -2% 529 -34% EBIT margin 16.4% 21.6% - 24.3% - Net income for the period 259 265 -2% 391 -34% EPS in € 5.08 5.22 -3% 7
Slide 14: Q3 2022 Results – Breakdown by Business
Appendix: Q3 2022 Results – Breakdown by Business Sales EBITDA EBITDA Margin (%) In €m / % Q3 2022 Q3 2021 % YoY Q2 2022 % QoQ Q3 2022 Q3 2021 % YoY Q2 2022 % QoQ Q3 2022 Q3 2021 Q2 2022 Chemicals 1,394 1,149 21% 1,490 -6% 258 245 5% 368 -30% 18.5 21.3 24.7 SILICONES 890 680 31% 936 -5% 198 161 23%
Slide 15: Appendix: Strong Growth of Global PV Markets in 2022 Expected
Appendix: Strong Growth of Global PV Markets in 2022 Expected Country 2017 2018 2019 2020 2021 2022e Germany 1.8 3.0 4.0 4.9 5.3 6.0 – 8.0 Spain 0.1 0.4 4.7 3.3 4.9 6.0 – 9.0 Europe other 4.9 8.1 13.0 13.0 19.8 25.0 – 28.0 Europe total 6.8 11.5 21.7 21.2 30.0 37.0 – 45.0 Australia 1.3 3.8 4.4 5.1 5.
Slide 16: Appendix: Raw Materials, Power and Gas Show Strong Price Inflation
Appendix: Raw Materials, Power and Gas Show Strong Price Inflation Si-Metal (€/mt) Electricity (€/MWh) 10,000 500 479 € High 8,000 8,200 € High 400 6,000 300 4,000 200 2,000 100 0 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 Source: CRU, Si-Metal Spot FD Europe S
Slide 17: Appendix: Maintaining Resilience
Appendix: Maintaining Resilience Sourcing Initiatives Pricing Power Lean Cost Structure Long-term strategies and short- Successful pricing initiatives Overall cost “Shape the future” term actions to mitigate price 2022e savings €200m volatility Stable financial performance allows for continu
Slide 18: Appendix: Capital Allocation Priorities
Appendix: 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, extend value chain in CHEMICALS SH
Slide 19: New and More Ambitious Sustainability Targets for 2030
Appendix: New and More 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 wa
Slide 20: Appendix: Enabling Innovative Solutions in E-Mobility with Silicones
Appendix: Enabling Innovative Solutions in E-Mobility with Silicones Power Conversion Battery Assembly & Fuel Cell Sealing, bonding, Safety Sealing bipolar plates, potting, thermal Sealing, bonding, potting control units management potting, thermal management Sensor / ECU High Voltage Cables Potting
Slide 21: Appendix: Silicones for Battery Assembly and Battery Safety
Appendix: Silicones for Battery Assembly and Battery Safety Battery Assembly and Safety Battery Lid / Module Protection Sprayable/dispensable silicone coating/potting High Voltage Cable Made with solid silicone rubber Cover Protection Sheet for Thermal Battery Gasket Runaway Dispensible silicone l
Slide 22: WACKER: Issuer, Contact and Additional Information
WACKER: Issuer, Contact and Additional Information Issuer and Contact Financial Calendar INVESTOR RELATIONS CONTACTS 03/14/23 FY 2022 Results Joerg Hoffmann, CFA 04/28/23 Q1 2023 Results Tel. +49 89 6279 1633 | joerg.hoffmann@wacker.com 05/17/23 AGM 07/27/23 Q2 2023 Results Scott McCollister Tel. +4