Wacker Chemie Ag · XETR:WCH
Wacker Chemie — Wacker Chemie Ag Ord — Q1 2025 Earnings Presentation
18 slides from Wacker Chemie's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 – Conference Call Note
CREATING TOMORROW’S SOLUTIONS Q1 2025 – Conference Call Note Dr. Christian Hartel (CEO), Dr. Tobias Ohler (CFO) April 30, 2025 Q1 2025 – Conference call note April 30, 2025 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 Q1 2025 Highlights
WACKER Q1 2025 Highlights Financials Operations Sustainability €1.48bn Performing in Weak Global Safety Markets Initiative Sales (-1% yoy) Low demand in solar & construction markets Much higher specialties volumes Launched Measures intended to €127m 8.6% Semi-POLYSILICON further strengthen WACKER's
Slide 4: Annual WOS Conference Projects Awarded for Improving Efficiency & Lowering Spec. Operating Costs
Annual WOS1 Conference 4 Projects Awarded for Improving Efficiency & Lowering Spec. Operating Costs SILICONES POLYMERS BIOSOLUTIONS POLYSILICON HCR Plant Dispersible Powders Intermediates Etching Line Increased high consistency Automation & sate-of-the- Increased production by Higher output
Slide 5: Innovative New Silicone and Polymer Products Presented at ECS 2025
Innovative New Silicone and Polymer Products Presented at ECS1 2025 SILRES® HP 2000 LV GENIOSIL® STP-E 140 GENIOSIL® STP-E 340 Silicone resin hardener for top coats Hybrid polymer binder for adhesives Hybrid polymer binder for adhesives ELASTOSIL® eco 7770 P VINNOL ® H 15/45 M Polymer Binders Neutra
Slide 6: Group Q1/25 EBITDA at €127m, Supported by Strong Demand for Specialties
Profit & Loss Statement Group Q1/25 EBITDA at €127m, Supported by Strong Demand for Specialties Profit & Loss (€m) Q1 Comments Sales -1% yoy Q1 2025 Q1 2024 Volume/Mix -1%, Price 0%, FX +1% Sales 1,478 1,490 EBITDA -26% yoy Performance defined by the strong demand in silicone Gross profit from s
Slide 7: Resilient Financials with €4.8bn in Equity and €923m in Liquidity
Balance Sheet Composition Resilient Financials with €4.8bn in Equity and €923m in Liquidity Balance sheet (%) Characteristics 03/31/25 Assets Liabilities Cash & Securities: High level of liquidity at €923m €9.4bn €9.1bn €9.4bn €9.1bn Working Capital: + €158m higher on seasonality in Chems offset
Slide 8: Silicones: Q1 2025 EBITDA at €108m, up 33% YoY
SILICONES Q1 2025 EBITDA at €108m, up +33% YoY on Significantly Better Mix Sales (€m) Comments Q1 +5% Sales and EBITDA seasonally up qoq and higher yoy with 710 719 727 650 745 significantly better product mix Specialties with ongoing yoy volume growth dynamics Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1
Slide 9: Polymers: Q1 2025 EBITDA at €37m
POLYMERS Q1 2025 EBITDA at €37m, Volumes Up QoQ with Seasonality in Construction Sales (€m) Comments Q1 -3% Sales and EBITDA seasonally up qoq, but lower yoy due to 372 389 365 337 360 somewhat lower prices & construction-related DPP1 volumes DPP volumes lower yoy with growth in Americas offset
Slide 10: Biosolutions: Q1 2025 EBITDA at €5m
BIOSOLUTIONS Q1 2025 EBITDA at €5m, Sales Growth YoY Driven by BioPharma Sales (€m) Comments Q1 +27% Sales growth yoy driven by BioPharma 98 100 106 91 72 EBITDA qoq lower due to lower BioPharma invoicing than in Q4 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 EBITDA prior year had benefited from g
Slide 11: Polysilicon: Q1 2025 EBITDA at €29m
POLYSILICON Q1 2025 EBITDA at €29m, Tariff Uncertainty Weighs on Solar Volumes Sales (€m) Comments Q1 -18% Sales and EBITDA decline yoy due to lower solar-grade 300 245 232 209 209 volumes sold Semi volumes significantly higher yoy and qoq Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 EBITDA qoq low
Slide 12: Net Financial Position: Strong Financials with Low Level of Net Debt
Net Financial Position Strong Financials with Low Level of Net Debt Net Financial Position Bridge (€m) 32 -691 0 -197 -13 -12 -880 Net financial debt Cash flow Cash flow from Dividend Lease Exchange-rate Net financial debt as of from operating long-term paid, liabilities effects as of Dec. 31, 2024
Slide 13: Q1 2025 Results
Appendix Q1 2025 Results In €m Q1 2025 Q1 2024 % YoY Sales 1,478 1,490 -1% EBITDA reported 127 172 -26% EBITDA-Margin 8.6% 11.6% EBIT 0.4 63 -99% EBIT-Margin 0.0% 4.2% Net income for the period -3 48 - EPS -0.16 0.89 - CapEx 93 117 -21% Net Cashflow -165 -126 31% Net Debt 880 308 >100% Q1 2025 – Con
Slide 14: Q1 2025 Results – Breakdown by Business
Appendix Q1 2025 Results – Breakdown by Business FY 2024 FY 2023 Q1 2025 Q1 2024 EBITDA EBITDA EBITDA EBITDA In €m / % SALES EBITDA MARGIN SALES EBITDA MARGIN SALES EBITDA MARGIN SALES EBITDA MARGIN Chemicals 4,269 542 12.7 4,321 490 11.3 1,105 145 13.1 1,083 137 12.6 SILICONES 2,805 347 12.4 2,741
Slide 15: Guidance FY 2025
Appendix Guidance FY 2025 In €m FY 2024 Outlook 2025 Sales 5,722 €6.1 – 6.4bn EBITDA 763 €700 – 900m EBITDA margin (%) 13.3 On par with last year Net cash flow -326 Positive, substantially higher than last year CapEx 666 Significantly lower than prior year, slightly above depreciation Net Debt 691 O
Slide 16: Progress Towards Ambitious Group Sustainability Targets
Appendix Progress Towards Ambitious Group Sustainability Targets 2020 2021 2022 2023 2024 2030 Target Net Zero 100% 93% 87% 72% 76% 100% reduction by 2045 Value Up Sustainable products 83% 89% 90% 94% 94% 100% of products meet defined sustainability criteria Diversity: Women in management 17% 19% 21
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 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Source: CRU, Si-Metal Spot FD Europe Source: EEX, Baseload Front Contract Avg. Month VAM (€/mt) Natural Gas (€/MWh) 4
Slide 18: WACKER: Issuer, Contact and Additional Information
WACKER: Issuer, Contact and Additional Information Issuer and Contact Financial Calendar INVESTOR RELATIONS CONTACTS May 7, 2025 Annual Shareholders Meeting Joerg Hoffmann, CFA July 31, 2025 Q2 2025 Results Tel. +49 89 6279 1633 | joerg.hoffmann@wacker.com Oct. 30, 2025 Q3 2025 Results Scott McColli