Wacker Chemie Ag · XETR:WCH
Wacker Chemie — Non-Deal Roadshow (May 2022)
19 slides from Wacker Chemie's roadshow presentation, May 2022
Slide 1: WACKER – Accelerating Proven Successes
CREATING TOMORROW`S SOLUTIONS WACKER – Accelerating Proven Successes Wacker Chemie AG May 2022 Ticker: WCH © Wacker Chemie AG www.wacker.com May 2022 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 €1.54bn 14,400 EBITDA in 2021 Employees €6.21bn 26 Sales Sales in 2021 Production Sites FY 2021 24.8% 23 EBITDA margin Technical Centers POLYMERS in 2021 No. 1 OTHERS 4 Business Segments 45 Scientific collaborations BIOSOL
Slide 4: SILICONES: At a Glance
SILICONES: At a Glance Financial Performance 30% 21% €496m 14% The Fully Integrated Sustainability Pull For €279m Specialty Supplier Specialty Solutions €253m 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 18% 17% 16% €214m €186m VAE/DPP Capacity Leader Pull from Sustainability and with World Class Tandems Smart Construction €93m Customized service to key accounts Performance-based substitution in and local champions in the regions construction and binde
Slide 6: BIOSOLUTIONS: At a Glance
BIOSOLUTIONS: At a Glance Financial Performance 16% 13% €300m Fast Growing Biotechnology Pull from Advanced €155m -1% Business Medicine and Clean Food €77m Leading microbial manufacturing CDMO outsourcing trend with high technologies potential Jump-started into advanced Consumer focus on hea
Slide 7: POLYSILICON: At a Glance
POLYSILICON: At a Glance Financial Performance 43% 42% €377m 21% Leadership in High End Pull from Rapidly Growing €216m €225m Applications Established Semi and Solar Markets #1 Position in Semi – doubled Strong growing chip demand volumes sold in past 5 years High efficiency modules require hi
Slide 8: Guidance FY 2022
Guidance FY 2022 In €m FY 2021 Outlook 2022 Sales 6,208 Around €7,500m (Previously around €7,000m) EBITDA 1,539 €1,200 – 1,500m (trending towards upper end of range) EBITDA margin (%) 24.8% Substantially lower than last year Net cash flow 761 Clearly positive, substantially lower than last year CapE
Slide 9: Proven Successes – Transformation to Full Specialty Setup
CMD 2022 Proven Successes – 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 Focuse
Slide 10: Addressing Customer Demand – Strategies and Targets
CMD 2022 Addressing Customer Demand – Strategies and 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 mark
Slide 11: Clear Path Forward: Focus On Growth And Value
CMD 2022 Clear Path Forward: Focus On Growth And Value Key Initiatives and Performance Indicators 2022 - 2026 CHEMICALS BIOSOLUTIONS POLYSILICON Further regionalizing supply chain Strong investment in innovation Investments in semi and and earnings-accretive bolt-ons and early-stage bolt-ons c
Slide 12: Maintaining Resilience
CMD 2022 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 continuo
Slide 13: Capital Allocation Priorities
CMD 2022 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 SHA
Slide 14: New and More Ambitious Sustainability Targets for 2030
New and More Ambitious Sustainability Targets for 2030 Value Up Footprint Down Collaboration Beyond 100% Products meet sustainability criteria 50% Reduction in absolute GHG1 emissions (vs. 2020) 100% Key suppliers meet sustainability standards Reduction in absolute Reduction in specific water 15% wi
Slide 15: Appendix: Q1 2022 Results – P&L
Appendix: Q1 2022 Results – P&L In €m Q1 2022 Q1 2021 % YoY Q4 2021 % QoQ Sales 2,076 1,360 53% 1,688 23% EBITDA 644 258 >100% 513 26% EBITDA margin 31.0% 19.0% - 30.2% - EBIT 550 166 >100% 382 44% EBIT margin 26% 12% - 23% - Net income for the period 403 118 >100% 272 48% EPS in € 7.92 2.29 >100% 5
Slide 16: Appendix: Q1 2022 Results – Breakdown by Business
Appendix: Q1 2022 Results – Breakdown by Business Sales EBITDA EBITDA Margin (%) In €m / % Q1 2022 Q1 2021 % YoY Q4 2021 % QoQ Q1 2022 Q1 2021 % YoY Q4 2021 % QoQ Q1 2022 Q1 2021 Q4 2021 Chemicals 1,438 963 49% 1,109 30% 372 172 >100% 203 83% 25.9 17.8 18.3 SILICONES 921 613 50% 657 40% 279 122 >100
Slide 17: 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 3.8 4.0 – 6.0 Europe other 4.9 8.1 13.0 13.0 19.9 22.0 – 26.0 Europe total 6.8 11.5 21.7 21.2 29.0 32.0 – 40.0 Australia 1.3 3.8 4.4 5.1 5.
Slide 18: 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) 10,000 300 294 € High 8,200 € High 8,000 200 6,000 4,000 100 2,000 0 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Source: CRU, Si-Metal Spot
Slide 19: WACKER: Issuer, Contact and Additional Information
WACKER: Issuer, Contact and Additional Information Issuer and Contact Financial Calendar INVESTOR RELATIONS CONTACTS 05/20/22 Annual General Meeting 07/28/22 Q2 2022 Results Joerg Hoffmann, CFA Tel. +49 89 6279 1633 | joerg.hoffmann@wacker.com 10/27/22 Q3 2022 Results Scott McCollister Tel. +49 89 6