Wacker Chemie Ag · XETR:WCH
Wacker Chemie — Non-Deal Roadshow (November 2024)
21 slides from Wacker Chemie's roadshow presentation, November 2024
Slide 1: WACKER – Customer Focus, Efficiency and Specialty Products
CREATING TOMORROW’S SOLUTIONS WACKER – Customer Focus, Efficiency and Specialty Products Wacker Chemie AG November 2024 Wacker Chemie AG – Roadshow Presentation November 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% 13% €506m €381m The Fully Integrated Sustainability Pull For €280m Specialty Supplier Specialty Solutions 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% 14% €252m €197m VAE/DPP1 Capacity Leader Pull from Sustainability and €160m with World Class Tandems Smart Construction 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% 7% €337m €270m Fast Growing Biotechnology Pull from Advanced €176m 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% 17% €373m €318m Leadership in High End Pull from Rapidly Growing Applications Established Semi and Solar Markets €128m #1 Position in Semi Strong growing chip demand Market leader for high-end n-type High efficiency modules require high
Slide 8: CMD Recap: Our 2030 Targets
CMD Recap: Our 2030 Targets Refining Our Strategy to Adapt to Changing Market Conditions Group 2030 Targets Sales: > €10bn Focus on margin / mix over volume ROCE: 2x Cost of Capital EBITDA Margin: >20% CO2e: -50% Emissions Wacker Chemie AG – Roadshow Presentation November 2024 7
Slide 9: CMD Recap: Drive Group EBITDA Margin to >20% by 2030
CMD Recap: Drive Group EBITDA Margin to >20% by 2030 CHEMICALS BIOSOLUTIONS POLYSILICON Grow high-margin specialties & Leverage technology and fill new Continue Semi expansion & capitalize capitalize on regional opportunities capacities on regional solar prices EBITDA margin: > 20% EBITDA
Slide 10: CMD Recap: Clear Focus on Cost & Efficiency Measures
CMD Recap: Clear Focus on Cost & Efficiency Measures Savings Savings Savings > €100m p.a. > €75m p.a. > €25m p.a. Digitalization & Specific initiatives Regionalization as cost automatization 2024 - 2026 & efficiency driver Automation of production processes Focus on maintenance spend & Excelle
Slide 11: CMD Recap: CapEx With Focus On Highly Profitable Growth
CMD Recap: CapEx With Focus On Highly Profitable Growth Target CapEx split 2025-26 Flexible CapEx program €500-800m p.a. 709 <700 547 Sustainability/MoB 344 2021 2022 2023 2024e Going Forward Growth Investments according to market environment Diversified portfolio of downstream projects Cost/Eff
Slide 12: CMD Recap: Solid Financial Foundation Supports Growth & Shareholder Returns
CMD Recap: Solid Financial Foundation Supports Growth & Shareholder Returns 1) Growth 2) Shareholder returns CapEx Dividend policy unchanged CapEx > Depreciation ~ 50% of net income from continuing operations M&A Earnings-accretive / early-stage bolt-ons Foundation: Strong balance sheet with s
Slide 13: ESG Agencies Rank WACKER with Top Ratings
SUSTAINABILITY ESG Agencies Rank WACKER with Top Ratings Best practice management of climate related risks & opportunities CDP: ISS ESG: MSCI: Ecovadis: Sustainalytics: A List 2023 Climate Prime, Rating B- BBB rating Top 4% of all “Management of Change, Supplier companies rated material ESG issues E
Slide 14: Ambitious Targets for 2030
SUSTAINABILITY Ambitious 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 15: Progress Made on Achieving Targets
SUSTAINABILITY Progress Made on Achieving 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 management posi
Slide 16: Guidance: FY EBITDA Expected in Upper Half of Range
Appendix Guidance: FY EBITDA 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 year
Slide 17: Modeling Help: OTHERS / U.S. IRA
Appendix Modeling Help: OTHERS / U.S. IRA OTHERS To ensure a true and fair view on segment performance we credit the expected payments (CO2 compensation) quarterly to the segments, debiting OTHERS CO2 compensation for FY 2024 will be received and recognized as income in the OTHERS segment in Q4/
Slide 18: Q3 2024 Results
Appendix Q3 2024 Results In €m Q3 2024 Q3 2023 % YoY Sales 1,430 1,523 -6% EBITDA reported 152 152 0% EBITDA-Margin 10.6% 10.0% EBIT 37 49 -24% EBIT-Margin 2.6% 3.2% Net income for the period 34 34 0% EPS 0.56 0.56 0% CapEx 149 155 -4% Net Cashflow -99 128 - Net Debt 772 164 >100% Wacker Chemie AG –
Slide 19: Q3 2024 Results – Breakdown by Business
Appendix Q3 2024 Results – Breakdown by Business Sales EBITDA EBITDA Margin (%) In €m / % Q3/24 Q3/23 % YoY Q2/24 % QoQ Q3/24 Q3/23 % YoY Q2/24 % QoQ Q3/24 Q3/23 Q2/24 Chemicals 1,092 1,066 2% 1,108 -1% 155 126 23% 149 4% 14.2 11.8 13.4 SILICONES 727 673 8% 719 1% 109 51 111% 90 21% 15.0 7.6 12.6 PO
Slide 20: 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 21: WACKER: Issuer, Contact and Additional Information
WACKER: Issuer, Contact and Additional Information Issuer and Contact Financial Calendar INVESTOR RELATIONS CONTACTS 12/03/25 FY 2024 Results 30/04/25 Q1 2025 Results Joerg Hoffmann, CFA 07/05/25 Annual Shareholders Meeting Tel. +49 89 6279 1633 | joerg.hoffmann@wacker.com 31/07/25 Q2 2025 Results 3