Syensqo Sa/nv · EURONEXT:SYENS
Syensqo Sa/nv — Shareholder Meeting (May 2025)
87 slides from Syensqo Sa/nv's shareholder meeting presentation, May 6, 2025
Slide 1: Ordinary Shareholders' Meeting
ORDINARY SHAREHOLDERS’ MEETING Dr. Ilham Kadri Syensqo CEO May 6th, 2025
Slide 2: Born to Endure, Innovate, Hunt, Shape Tomorrow
BOR) TO ENDURE HUNT INNOVATE SHAPE TOMORROW Sams TARVE
Slide 3: A new world of volatility
os Bins ATING _ anew Avord of go latility
Slide 4: Confidence wavers amid global uncertainty
Confidence wavers amid global uncertainty Consumer Business Confidence index Confidence index 104 104 102 102 100 100 98 98 96 96 94 92 94 2022 2023 2024 2025 2022 2023 2024 2025 EU China USA Source: Oxford Economics, OECD 4 Syensqo in India
Slide 5: GDP evolution highlights key growth regions
GDP evolution highlights key growth regions In dollars USA 25 20 China 15 10 5 UK France 0 2000 2010 2020 2022 Source: World Bank 5 Syensqo in India
Slide 6: Muted output recovery except in China
Muted output recovery except in China Index of industrial production per region1 Covid-19 Crisis 130 China 120 110 USA 100 Europe 90 80 70 2019 2020 2021 2022 2023 2024 2025 Q1 2019=100; Last available data Q22025 Eurozone data excludes Construction; 1. Collected by national statistical agencies, th
Slide 7: China is racing ahead and issuing a wake-up call
China is racing ahead …and issuing a wake-up call Chemical sales: Carbon Global Market Prices Share (2024) 43% 75 China 31% 30 10 25% 13% EU27 4% 11% USA Carbon ($/t) EU California & 1991 2001 2011 2023 Washington States China Source: Cefic data, 2024 and IEA, EEX, ICE, Platts, EIA, Eurostat, Bruege
Slide 8: The European Clean Industrial Deal
The European Clean Industrial Deal
Slide 9: Growth & output: The link might be breaking
Growth & output: The link might be breaking Real 2,0 GDP Car 1,5 Production1 1,0 Financial Crisis Covid-19 Crisis 0,5 0,0 2000 2008 2020 2024 1 Global production volumes Passenger cars (PC) and Light commercial vehicles (LCV, up to 6 tons) Source: Light Vehicle Production (LVP); Source: LMC (Global
Slide 10: As climate accelerates, the stakes rise
Lithium, copper, and nickel are the Asofclimate backbone clean energy,change EVs, accelerates, We are heading +2.7°C the stakes riseergy, EVs, semiconductors, and AI. semiconductors, and AI. there +1.2°C 1st Agricultural Industrial Revolution Revolution 20,000 BCE 10,000 BCE 1850 2025 2150 2300 Pots
Slide 11: Disruption Machine: How AI Is Reshaping Economies and Empires
Disruption Machine: How AI Is Reshaping Airbus chief warns there will be ‘only losers’ Economies And Empires ue sie ecareitine from prolonged trade war Guillaume Fau Forbes sharply’ amid Trump tariff uncertainty, WTO warns Fan ony China hits back hard against Trump’s tariffs - igs eho ron record and
Slide 12: Opportunities
OPPORTUNITIES one
Slide 13: Deliveries rise amid a strong aviation outlook
Deliveries rise amid a strong Commercial aviation outlook Jetlines delivery Number of planes forecast 20,148 18,021 15,924 13,869 11,729 9,436 7,216 5,115 3,109 1,406 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Source: Teal Forecast for LCT May 2025
Slide 14: Cheaper batteries will drive faster EV adoption
Cheaper batteries will drive faster EV adoption 12% Expected EV production CAGR 2023-2030 Battery costs have dropped All light vehicles, IC, EV more than 75% since 2015 Global average battery cumulative growth pack prices, 2015-2024 1,000 USD (2024) per KWh 100% Battery EV storage 750 50% 500 EV All
Slide 15: Copper production is gaining momentum
Copper production is gaining momentum Source: S&P Global Commodity Insights - Global copper market balance., cumulative growth
Slide 16: AI models grow hungrier for computing power and cooling
AI models grow hungrier for computing power and cooling Disclosure required at 100 billion petaFLOP under the Executive Order 10 billion Biology Games 100 million Image generation Language 1 million Multiple domains Other 10,000 Robotics Speech 100 Vision 2015 2017 2018 2020 2021 2022 2024 Computati
Slide 17: So what do companies need?
So what do companies need ?
Slide 18: Sharp Focus, Diverse Sectors
Sharp Focus Diverse Sectors
Slide 19: Regional Footprints
Regional Footprints
Slide 20: Physical Risks Mitigation
Physical Risks Mitigation
Slide 21: We are one year old, 114 years wise
We are one year old, 114 years wise 1 Year old Solvay Conferences Birth of Syensqo
Slide 22: Born to Endure
BORN TO ENDURE
Slide 23: We are a leader with two specialty segments
We are a leader with two specialty segments 43% 57% High performance Mining reagents #1 €6.56bn polymers; leading #1 position in thermoplastic MARKET POSITION MARKET POSITION composites 2024 Net sales Flavors & Fragrances #1 #1 Materials for space & defense Biocides for recycled water #1 #2 Material
Slide 24: Our sectors bring growth and resilience
Our sectors bring growth and resilience
Slide 25: 3/4 of our revenues are in superior growth regions
3/4 of our revenues are Net Sales in superior growth regions by regions in 2024 41% 35% 2025 2026 2027 2028 4.1 2028 2027 3.9 3.9 3.8 2026 2.6 2025 2.6 1.6 1.2 US GDP % 23% China GDP % 2028 2027 2026 2025 1.8 1.7 1.0 0.8 Source: internal analysis and Oxford Economics Asia Pacific includes Middle-Eas
Slide 26: We innovate and produce close to our customers
We innovate and produce close to our customers 14 industrials sites 5 36 major R&I centers 12 industrials sites industrials sites 4 major R&I centers 3 major R&I centers Asia-Pacific includes Middle-East and Africa Based on Syensqo 2024 audited combined financials
Slide 27: We are sharpening our focus
We are sharpening our focus Non-Core Four Global Business Units Assets 2024 NET SALES € 0.4 bn 2024 NET SALES € 0.3 bn 2024 NET SALES 2024 NET SALES 2024 NET SALES 2024 NET SALES € 2.6 bn € 1.2 bn € 1.4 bn € 0.7 bn
Slide 28: We are almost fully independent
We are 76% of TSAs +660 People almost fully hired independent 92% Contracts >60% IT applications separated released to date TSAs, includes r-TSA = services rendered from Syensqo to Solvay
Slide 29: People hired, system migrated, days
>450 People 300 System migrated 4 Days
Slide 30: We delivered on our promise
rY¥ecUeG We delivered on our promise
Slide 31: €6.6bn net sales
6.6BN €
Slide 32: €1.4bn underlying EBITDA
e1.4en UNDERLYING EBITDA
Slide 33: EBITDA margin 21.5%
21.5% EBITDA MARGIN
Slide 34: Free cash flow
FREE CASHFLOW
Slide 35: Net debt / underlying EBITDA 1.3x
1.3X Net debt / underlying EBITDA of last 12 months. Underlying leverage ratio = underlying net debt / underlying EBITDA of last 12 months.
Slide 36: We are rewarding shareholders
+38% We are €234mn rewarding Share €64mn Buyback shareholders €170mn €170mn Proposed Dividends 2023 2024
Slide 37: Share buyback to Friday 2nd of May 2025
75MN € To Friday 2nd of May 2025
Slide 38: Proposed dividend
PROPOSED DIVIDENS
Slide 39: Innovate
INNOVATE
Slide 40: Sales from products less than 5 years old
21% Sales from products less than 5 years old
Slide 41: Our innovations align with global mega trends
Natural & Low-Carbon Solutions Improving Our innovations align with global mega trends Quality of Life Resource Efficiency Advanced Connectivity Lightweighting Electrification
Slide 42: Our pipeline is balanced, more focused, with faster payback
Our pipeline is balanced, more focused, with faster payback Platforms: Green Hydrogen, Batteries and Biomattech. In 2025, a portion of the platforms activities were transferred to the GBUs (those who had a shorter time to market, as opposed to those more long term that were kept at Corporate level)
Slide 43: Serve the World
SERVE THE WORLD
Slide 44: The Mendeleev Periodic Table
The Mendeleev Periodic Table Hydrogen Helium Lithium Beryllium Boron Carbon Nitrogen Oxygen Fluorine Neon Sodium Magnesium Aluminium Silicon Phosphorus Sulfur Chlorine Argon Potassium Calcium Scandium Titanium Vanadium Chromium Manganese Iron Cobalt Nickel Copper Zinc Gallium Germanium Arsenic Selen
Slide 45: The Syensqo Periodic Table
The Syensqo Periodic Table Helium Green Hydrogen Organic Boeing Carbon Chemistry Fluor Beryllium Nitrogen Neon Lithium Sodium Magnesium Aluminium Silicon Phosphorus Chlorine Single Aisle Aircraft Airbus LCP microneedles Scandium Titanium Vanadium Chromiumpatches Manganese Iron Cobalt Non- Copper Zin
Slide 46: Aerospace and defense composites content
Aerospace SNGSA Defense Single Aisle Up to 50% Composites content 2,500 Covid-19 and 737 Max vs. 10-15% today impact 2,000 1,500 1,000 500 0 2015 2020 2025 2040 Source Airbus GMF, Boeing GMF, Cirium Jan 24
Slide 47: Electrification: e-motor magnet, PEEK
Electrification Mo E-motor Copper Mining magnet e-Motor PEEK magnet Voltage Total Number of Vehicles 400V by Voltage Range (2025-2030) Total Number of Vehicles (Millions) 30 25 Voltage 800V 20 15 10 2025 2026 2027 2028 2029 2030 Source: S&P Global eMotor report, April 2025
Slide 48: Non-metallics: thermoplastic composites for energy
Thermoplastic Composites Ni combining Composite & Speciality Energy Polymers enable pipeline structures in Non- ultra deep waters and onshore fields. metallics Non-metallics Specialty Polymer Barrier Solutions Advanced Composite Reinforcements Non-metallic pipes Estimated deliver up to global cost o
Slide 49: Fluorine: non-fluorosurfactant technology
F Fluorine Connectivity Non-Fluorosurfactant Technology 1st FFKM using non-fluorosurfactant (NFS) technology on the market
Slide 50: Microneedling patches
Mn LCP micro Healthcare needling patches Microneedling patches Global vaccines market valued at $94B* Global microneedle market valued at $1.3B* * 2028
Slide 51: Guar: naturalness
Naturalness Guar Guar 90% of our portfolio of beauty ingredients is bio-based
Slide 52: Biologicals: sustainable farming
Sustainable farming Biologicals Biologicals 2x market growth for biologicals vs. traditional crop protection
Slide 53: Green Hydrogen: new energy sources
New Energy Sources Green Hydrogen $680B Green Hydrogen in direct investments in hydrogen projects have been announced through 2030* H2 Production H2 Transportation & Storage H2 Consumption (PEM1 & Alkaline Electrolyzers) (pipes and tanks) (Fuel cells) H2 tanks H2 Fuel cells H2 Mobility Electrolyzers
Slide 54: Hunt
HUNT
Slide 55: Customer perception word cloud
Quality Industrial support Durability ile] (ENEMIES MALENISIS (ED ~ ertesigremuitsnins ee Regional connectivity Global presence Advanced rene | S | O a) Inspi ration a Customer focus Flexibility in Innovation heritage Expertise Customer Engineering expertise ene fulfillment Reliability in material T
Slide 56: Smarter selling starts here
Smarter En selling starts here re How can |help you today? &% SVYENSQO at OLUdOd
Slide 57: We are transforming how we work, with SyGPT
We are transforming how we work, with SyGPT Evolution of SyGPT messages per day 8,000 7,000 74% adoption rate 6,000 5,000 4,000 January February March April 2025 2025 2025 2025 Source: Internal
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Slide 59: Shape Tomorrow
SHAPE TOMORROW
Slide 60: We are sustainable AND profitable
We are sustainable AND profitable Carbon Neutrality 20% reduction 18% of Safety by 2040[1] in freshwater Circular sales Aim for zero RIIR[6] [4] by 2030 withdrawal 42% reduction [2] by 2030 at sites Paid living wage Scope 1 & 2 Sustainable All employees by 2026[7] exposed to water by 2030[2] solutio
Slide 61: We are halfway to our 2030 climate goals
We are halfway to our 2030 climate goals 2030 Scope 1 & 2 [1] -20% [1] -22% [1] -42%[1] Baseline 2021 2023 2024 [1] 2030 target and progress compared to 2021 baseline; 2030 target is absolute emissions reductions; annual achievements are structural emission reductions
Slide 62: 3 in 4 of our sites powered by renewable energy
3 in 4 of our sites powered by renewable energy 1 site (BE) 2022, 2024 7 sites (CN) 26 sites (US) 2019, 2022 1 site (CA) 1 site (DE) 2020, 2021, 2023-2027* 2022 4 sites (CN) 2023, 2024 2 sites (IN) 2023-2028* 2023-2028* 3 sites (FR) 1 site (DE) 2023-2028* 2023 1 site (CN) 2022 2 sites (IN) 2019, 202
Slide 63: We are more than half way to reaching Scope 3 ambitions
We are more than half way to reaching Scope 3 ambitions 2030 Scope 3 [1,2] 13% [1] 13% [1] -25% [1] Baseline 2021 2023 2024 [1] 2030 target and progress compared to 2021 baseline; 2030 target is absolute emissions reductions; annual achievements are structural emission reductions. [2] In Focus 5 cat
Slide 64: Our suppliers are increasingly onboard
Our suppliers are increasingly onboard 2030* NEW 24 suppliers Top 70 suppliers 35% of GHG in raw ≈80% of GHG in raw materials purchased materials purchased 2025 GHG: Greenhouse Gas Emissions * Scope 3 Focus Five 60% reduction
Slide 65: We've committed to addressing water scarcity
We’ve committed to addressing water scarcity NEW 20% reduction in freshwater withdrawal by 2030[1] at sites exposed to water availability challenges [1] Reference year is 2021
Slide 66: We are more circular; our solutions are more sustainable
We are more circular Our solutions are more sustainable Circular sales Sustainable by 2030 [1] solutions sales [2] 2030 2024 4% 13% 16% 18% 60% 63% 2019 2023 2024 2023 [1] Based on Ellen MacArthur Foundation Circulytics methodology. [2] As defined in Syensqo’s Sustainable Portfolio Management Guide.
Slide 67: Climate objectives validated, certifications obtained
Climate Objectives validated US and UK sites recognized ECHO Portfolio certified(1) Product Carbon Footprint tool certification obtained (1) In production sites: Changshu and Shanghai in China, and all sites in Europe and Americas.
Slide 68: Explorers involved with E&Y
50 Explorers involved with E&Y
Slide 69: From Horsepower to ePower
From Horsepower to ePower om rs iS DS AUTOMOBILES SYENSQO PENSKE OFFICIAL TEAM PARTNER
Slide 70: From Chemistry to Clean Skies
From Chemistry Partnership to Clean Skies 9 days, non-stop, around the world with zero emissions
Slide 71: From Legacy to Latitude
From Legacy to Latitude
Slide 72: For Belonging
FOR BELONGING
Slide 73: Safety First: We are driving to Zero
Safety First: We are driving to Zero 29% reduction [1] 1 0.9 0.8 Number of RIIR [2] 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 2012 2014 2016 2018 2020 2022 2024 2026 [1] Reference year is 2021 [2] Reportable Injury & Illness rate (RIIR): number of reportable injury or illness per 200,000 work hours amongst empl
Slide 74: We give 16 weeks
16 weeks We give
Slide 75: Paid living wage for all employees by 2026
We’re providing Paid living wage for all employees by 2026 [1] [1] Based on Wage Indicator Foundation methodology, analysing wages in the 13 countries with the highest number of employees (representing >95% of employees).
Slide 76: We've delivered our First Human Rights Progress Report
We’ve delivered our First Human Rights Progress Report 99% Over 5000 Over of our employees have completed the suppliers Code of Business Screened on Integrity Human Rights training since 2021 in 2024
Slide 77: Slide 77
Slide 78: We are curious, we learn, unlearn and relearn
We learn, We are unlearn curious and relearn
Slide 79: We bring different perspectives, we rise as one
We We bring different rise as perspectives one
Slide 80: We think customer, we deliver results
We think We customer deliver results
Slide 81: 1 out of 3 employees is a shareholder
1 out of 3 employees is a shareholder As part of the ESP 1 and 2 and LTI plans
Slide 82: In China nearly 1 in 2 employees is a shareholder
In China nearly 1 in 2 employees is a shareholder
Slide 83: Explorers feel respected and valued
80% Explorers feel respected and valued Source: 2024 Fair & Inclusive Culture
Slide 84: 88% new managers in Inclusive Leadership workshops
88% new managers participate in Inclusive Leadership workshops Source: 2024 Fair & Inclusive Culture
Slide 85: Local Inclusion Activators across >80 sites
160 local Inclusion Activators across > 80 sites Source: 2024 Fair & Inclusive Culture
Slide 86: Solvay Institutes AI education award
Solvay Institutes AI education award Ernest True Solvay Blue 1881 Prize TADA Scholarships
Slide 87: Slide 87