Wacker Chemie Ag · XETR:WCH
Wacker Chemie — Non-Deal Roadshow (July 2024)
16 slides from Wacker Chemie's roadshow presentation, July 2024
Slide 1: WACKER – Accelerating Proven Successes
CREATING TOMORROW’S SOLUTIONS WACKER – Accelerating Proven Successes Wacker Chemie AG July, 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 Scientific BIOSOLUTIONS 4 Business Segments 45 collaborations OTHER
Slide 4: SILICONES: At a Glance
SILICONES: At a Glance Financial Performance 18% 19% 12% €506m €381m The Fully Integrated Sustainability Pull For Specialty Supplier Specialty Solutions €171m Customer’s first choice for Silicones with unmatched innovative and customized solutions performance & versatility in all regions Smart
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 €114m Customized service to key accounts Performance-based substitution in and local champions in the regions construction and bin
Slide 6: BIOSOLUTIONS: At a Glance
BIOSOLUTIONS: At a Glance Financial Performance 13% 2% 3% €337m Fast Growing Biotechnology Pull from Advanced €176m €170m Business Medicine and Clean Food Leading microbial manufacturing CDMO outsourcing trend with high technologies potential Jump-started into advanced Consumer focus on heal
Slide 7: POLYSILICON: At a Glance
POLYSILICON: At a Glance Financial Performance 31% 27% 19% €373m €318m Leadership in High End Pull from Rapidly Growing Applications Established Semi and Solar Markets €99m #1 Position in Semi Strong growing chip demand Market leader for high-end n-type High efficiency modules require high s
Slide 8: Committed to Achieve 2030 Group Targets
Committed to Achieve 2030 Group Targets Chemicals1 Financial KPIs 26% 23% €758m €579m Faster Growth, Bolder Strategic Growth Projects Moves, High Profitability SILICONES: Specialties 20% €286m Sales: >€10bn 17% POLYMERS: Tandems (VAE+DPP) EBITDA Margin: >20% 11% BIOSOLUTIONS: Biologics V
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 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 water 15% withdrawal (vs.
Slide 11: Progress Made on Achieving Ambitious Group Sustainability Targets
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% 21% 33% of
Slide 12: Q2 2024 Results
Appendix Q2 2024 Results In €m Q2 2024 Q2 2023 % YoY Sales 1,468 1,753 -16% EBITDA reported 160 256 -37% EBITDA-Margin 10.9% 14.6% EBIT 43 153 -72% EBIT-Margin 2.9% 8.7% Net income for the period 35 119 -71% EPS 0.58 2.38 -75% CapEx 177 145 22% Net Cashflow -179 -99 82% Net Debt 661 270 145% Wacker
Slide 13: Q2 2024 Results – Breakdown by Business
Appendix Q2 2024 Results – Breakdown by Business Sales EBITDA EBITDA Margin (%) In €m / % Q2/24 Q2/23 % YoY Q1/24 % QoQ Q2/24 Q2/23 % YoY Q1/24 % QoQ Q2/24 Q2/23 Q1/24 Chemicals 1,108 1,115 -1% 1,083 2% 149 128 17% 137 9% 13.4 11.4 12.6 SILICONES 719 699 3% 710 1% 90 52 73% 81 11% 12.6 7.4 11.4 POLY
Slide 14: 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 15: Guidance: FY EBITDA Now Expected in Upper Half of Range
Appendix Guidance: FY EBITDA Now Expected in Upper Half of Range 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 y
Slide 16: WACKER: Issuer, Contact and Additional Information
WACKER: Issuer, Contact and Additional Information Issuer and Contact Financial Calendar INVESTOR RELATIONS CONTACTS 09/18+19/24 CMD Burghausen 10/29/24 Q3 2024 Results Joerg Hoffmann, CFA Tel. +49 89 6279 1633 | joerg.hoffmann@wacker.com Scott McCollister Tel. +49 89 6279 1560 | scott.mccollister@w