Solvay Sa · EURONEXT:SOLB
Solvay Sa — Investor Presentation (December 2023)
26 slides from Solvay Sa's investor presentation, December 2023
Slide 1: A new era begins
A new era begins December 2023 Solvay Presentation 2023
Slide 2: We are Solvay
We are Solvay We are Solvay, a pioneering chemical company with a legacy rooted in groundbreaking process innovations. We master technologies that have proven essential to multiple end-markets. With a portfolio encompassing key mono technologies such as soda ash, bicarbonate, silica, hydrogen peroxi
Slide 3: Global reach, close to our clients
Global reach, close to our clients NORTH EUROPE AMERICA 33% of net sales 21 industrial sites 18% 8 60% 5 of net sales industrial sites of employees major R&I center 9% of employees 12 ASIA PACIFIC industrial sites & Rest of the World* SOUTH 28% of net sales 9 industrial sites AMERICA 13% of employee
Slide 4: Our Manifesto
Our Manifesto Life is made of elements that come together. We master these elements. For over 160 years, our relentless pursuit of excellence has led us to master our technologies and processes. Our products, though invisible, are vital and at the heart of everyone's life. They represent essential s
Slide 5: Our Ambition
Our Ambition Embarking on a new chapter, Solvay aspires to lead the industry in essential chemicals, emphasizing decarbonization and social responsibility. Solvay aims to consolidate its top market position, set the benchmark for cost efficiency, sustain profitability and returns, while maintaining an
Slide 6: Meet Solvay's Executive Leadership Team
Meet Solvay’s Executive Leadership Team Alexandre Blum Lanny Duvall Chief Finance & Strategy Chief Operations Officer Philippe Kehren Officer Chief Executive Officer Mark van Bijsterveld Lisa Brown Chief People Officer General Counsel and Corporate Secretary 6 Solvay Presentation 2023
Slide 7: A new strategy, based on four strategic priorities
A new strategy, based on four strategic priorities Market Cost & Process Energy Capital Leadership Leadership Transition Discipline Leverage Drive Deliver Prioritize #1 position Excellence & Carbon Focused in every competitiveness neutrality cash market allocation strategy 7 Solvay Presentation 2023
Slide 8: #1 Leadership across businesses
#1 Leadership across businesses Soda Ash Net Sales €1.7bn Coatis 30% Net Sales €0.9bn Solvents Bicar (Latin America) 16% % Net 10% Net Sales €0.5bn Sales 15% 17% Special Chem (1,2) Peroxides(1) Net Sales €0.8bn 12% Net Sales €0.9bn Rare earths for auto catalysts Silica Net Sales €0.6bn Highly Disper
Slide 9: Soda Ash & Derivatives
SODA ASH & DERIVATIVES As a world leader in its markets, our € 2.2bn 9 1 business provides a global, secure and Net sales Major industrial Major R&I center sustainable supply of soda ash to sites customers for manufacturing glass for building, automotive, solar panel and packaging applications, as w
Slide 10: Peroxides
PEROXIDES Solvay is a market leader in hydrogen peroxide, both in market share and technology. This environmentally-friendly € 0.9bn1 13 oxidant is used for bleaching, disinfection, Main industrial Net sales sites and antiseptic purposes, in industries including pulp, textile, water and food. It ser
Slide 11: Silica
SILICA Solvay is a worldwide innovation leader in Highly Dispersible Silica (HDS), which is primarily used in fuel-efficient and € 0.6bn 7 2 performance tires, but is also an essential Industrial Major R&I Net sales sites centers component in several other applications in the home and personal care, a
Slide 12: Special Chem
Special Chem Our Special Chem business produces fluorine and rare-earth formulations for automotive, electronics, agrochemical € 0.8bn1,2 11 and construction applications. Industrial Net sites sales For decades, Solvay has been the & R&I centers technology leader in rare earths separation, recycling,
Slide 13: Coatis
Coatis Solvay provides high-performance solvents, phenols and derivatives, polyamide derivatives and smart, € 0.9bn 3 1 functional and sustainable yarns and Industrial Major R&I Net sales sites center polymers, predominantly for the Latin American market. We are a Latin American leader in oxygenated
Slide 14: Essential to multiple end-markets
Essential to multiple end-markets 18% Automotive 18% 16% Agro, Feed & Food Consumer goods, Home & Health Care % of Net Sales 12% 21% Building & others Industrial Applications & Chemical industry 10% Resources, 5% Electronics Environment & Energy 14 Solvay pro-forma unaudited figures for 2022 Solvay P
Slide 15: 25% of our portfolio in rapidly growing markets
25% of our portfolio in rapidly growing markets Market annual growth rate 2022-2028 Highly Soda ash H 2O 2 Coatis Dispersible Silica Lithium carbonate used in Battery recycling Circular Silica Green solvents Batteries & urban mining (Rice Husk based) 15-20% 15-20% 15-20% 20-25% Bicar e-H2O2 Rare Ear
Slide 16: Leadership anchored in scale, technology and cost
Leadership anchored in scale, technology and cost SCALE LEADERSHIP with balanced portfolio and ability to supply everywhere in the world TECHNOLOGY LEADERSHIP with product and process innovation supported by 400+ active patents Down- and upstream VALUE CHAIN INTEGRATION into raw materials and highly
Slide 17: Mastering process innovation within our operations
Mastering process innovation within our operations e.Solvay a new myH2O2 a Bio-highly Production of rare A portfolio of chemical breakthrough breakthrough concept dispersible silica earths from recycled blowing agents electrochemical of small, safe, and derived from rice material to serve formulated
Slide 18: We are the inventors and re-inventors of the Soda Ash process
We are the inventors and re-inventors of the Soda Ash process New breakthrough electrochemical process powered by renewable energy €40mn invested to develop a proprietary technology first patented in 2014 -50% -20% Energy CO2 Emissions -30% -20% Limestone Pilot in Dombasle, France, Water & Salt commi
Slide 19: Every factory will be a Star
Safety Every factory will be a Star Competitiveness Sustainability Customer Employee Satisfaction Engagement Star Factory offers a unique journey for all In 2023 stakeholders, empowering our employees and elevating our customers’ satisfaction ✓ 50% of sites started the journey Sébastien Scarsi, Site
Slide 20: 2028 Targets
2028 Targets Underlying EBITDA Growth (in %) Mid Single-Digit per year average Underlying EBITDA Margin (in %) Mid to High 20s Total Gross Savings €300 mn run-rate Free cash flow Conversion (in %) Exceed mid 30s ROCE (in %) Increasing to low 20s Stable to increasing dividends Investment grade credit
Slide 21: Our sustainability roadmap
Our sustainability roadmap CLIMATE BETTER LIFE -30% Scope 1 & 2 Safety RIIR 3 GHG Emissions 1 Aim for zero by 2030 Gender parity 4 -20% Scope 3 in 10 years GHG Emissions 1 by 2030 Living wage to Coal Phase out 2 100% of workforce CARBON NEUTRAL by 2030 by 2026 Scope 1 & 2 by 2050 1 Reference year 20
Slide 22: 40 projects enabling energy transition and process efficiency
40 projects enabling energy transition and process efficiency = equivalent to taking 1.1 million cars off the road or -1.9Mt of CO2 per year 1 site (NL) 2020 Renewable 2 site (DE) Energy 1 site (US) 2021, 2025 2020 Solar, wind, 1 site (DE) 1 site (CN) biomass, biogas 2022 2024 1 site (US) 2 sites (FR)
Slide 23: Our people underpin our ambition and future success
Our people underpin our ambition and future success Invested & Experienced >9,000 1 in 4 ~14 yr. Employees invested as FTEs shareholders Avg. tenure Diverse ~25% 80 Women in leadership positions Nationalities Engaged ~80% Employee Engagement 23 Source: Solvay Internal data Solvay Presentation 2023
Slide 24: Enhancing quality of life
Enhancing quality of life To further Ernest Solvay’s pioneering social vision, we are focusing on responsible capitalism and safeguarding the well-being of our employees and communities. Social dialogue is essential to us and we renewed our Solvay Global Forum1 and Global Framework agreements with I
Slide 25: Board of Directors representing all stakeholders
Board of Directors representing all stakeholders 10 6 30% 6 Directors Independent Women Nationalities Experience in operational excellence, sustainability, finance, and talent management 25 Solvay Presentation 2023
Slide 26: Visit solvay.com
Visit solvay.com Contact media relations Contact investor relations 26 Solvay Presentation 2023