Slide 1: Q2 2015 Conference Call Presentation
Q2 2015 Conference Call Presentation Dr. Christoph von Plotho, CEO Rainer Irle, CFO July 31, 2015
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: Higher Volumes and Strong US Dollar Drive Sales
Higher Volumes and Strong US Dollar Drive Sales KPIs, in mn EUR Q2 2014 % YoY Q1 2015 Q2 2015 % QoQ Sales 210.4 17.3 238.7 246.7 3.4 Gross margin 7% - 17% 19% - EBITDA 28.3 11.0 40.1 31.4 -21.7 EBIT -9.5 n.a. 8.3 0.2 -97.6 Result for the period -14.1 -50.4 1.9 -7.0 n.a. EPS in € -0.35 -50.5 0.11 -0.
Slide 4: Share Price up 10% since IPO
Share Price up 10% since IPO Start of trading June 11, 2015 Freefloat at 42% - Wacker Chemie AG still holds majority Placement price at 30 EUR - first trading price at 31.5 EUR - share price at 33 EUR on July 30 Net Financial Assets increased to 166 mn EUR (incl. 20mn EUR time deposits) Pe
Slide 5: Average Wafer Area Growth of 4% Expected for FY 2015
Average Wafer Area Growth of 4% Expected for FY 2015* Q2 2015 Comments 2015 Challenges and Opportunities Wafer market: 2% higher shipments, all time Slightly reduced volume in H2 high Stable prices versus H1 in contract currency Higher volumes qoq and yoy Cost roadmap on track Prices in
Slide 6: Q2 Sales Increased by 17% yoy Driven by Volume, Stabilizing Prices and Currency
Q2 Sales Increased by 17% yoy Driven by Volume, Stabilizing Prices and Currency Sales Reflecting Fully Consolidated SSW*, in mn EUR Comments Volumes significantly up yoy 17% YoY for all diameters; also increase compared to Q1, 239 247 mainly driven by 300 mm 223 210 216 Prices stable qoq Price
Slide 7: EBITDA Margin yoy About Stable at 13%
EBITDA Margin yoy About Stable at 13% EBITDA Reflecting Fully Consolidated SSW*, in mn EUR Comments EBITDA margin EBITDA impacted by 13% 15% 18% 17% 13% higher volumes and FX effects 39 40 Cost reduction program on track 33 31 28 FX losses (other operating income and expenses) of 18 mn EUR red
Slide 8: Favorable FX Development however Significant Offset by Hedging Losses
Favorable FX Development however Significant Offset by Hedging Losses FX Exposure, in mn EUR Actual FX Rate and Hedging Rate, EUR / USD Illustrative (~60 mn EUR) (~15 mn EUR) Highly correlated Loss at Revenue Cost 1.10 USD / EUR 1.50 SDG / EUR USD SGD JPY EUR 135 JPY / EUR $1ct change ↓ (1.11 €/$ →
Slide 9: EBITDA Reduced by Hedging and FX Transaction Effects
EBITDA Reduced by Hedging and FX Transaction Effects EBITDA, EBITDA Margin (in %) and FX Impact, in mn EUR Q2 2014 Q1 2015 Q2 2015 EBITDA 28 40 31 Margin 13% 17% 13% Hedging 2 -13 -13 FX Transaction 1 10 -5 EBITDA (excl. hedging & FX 25 43 49 transaction) Margin 12% 18% 20% Q2 2015 - Conference Call
Slide 10: Pension Provision Decreased by 36 mn EUR – Equity Ratio Increased from 18 to 47%
Pension Provision Decreased by 36 mn EUR – Equity Ratio Increased from 18 to 47% Balance Sheet, in mn EUR Dec. 31, Jun. 30, Change in Equity and Dec. 31, Jun. 30, Change in Assets Comments Comments 2014 2015 % liabilities 2014 2015 % Non-current 609.0 583.4 -4.2 Equity 311.8 500.9 60.6 Depreciation
Slide 11: Pension Provisions Reduced due to Higher Discount Rates
Pension Provisions Reduced due to Higher Discount Rates Pension Provisions, in mn EUR IFRS Interest Rate United States: 4.8% 3.8% 3.6% 4,3% Germany: 3.8% 2.3% 1.65% 2.7% 429 328 292 185 2013 2014 Q1 2015 Q2 2015 Q2 2015 - Conference Call July 31, 2015 Company Confidential 11 of 12
Slide 12: Issuer, Contact and Additional Information
Issuer, Contact and Additional Information Issuer and Contact Additional Information Siltronic AG ISIN: DE000WAF3001 Hanns-Seidel-Platz 4 WKN: WAF300 D-81737 München Deutsche Börse: WAF Listing: Frankfurt Stock Exchange Investor Relations: Prime Standard Judith Distelrath Tel. +49 89 8564-3133 Finan