Slide 1: Siltronic AG Q2/2017 Results
Siltronic AG Q2/2017 Results July 28, 2017 © Siltronic AG 2017
Slide 2: Highlights Q2/2017: Financials
Highlights Q2/2017: Financials Sales of EUR 283.1m (Q1/2017: EUR 258.0m) Sales +9.7% q-o-q EUR 72.7m (Q1/2017: EUR 53.0m) EBITDA +37.2% q-o-q Margin EBITDA margin of 25.7% (Q1/2017: 20.5%) EUR 43.4m (Q1/2017: EUR 23.4m) EBIT +85.5% q-o-q CapEx EUR 25.5m (Q1/2017: EUR 19.3m) Free Cash Flow EUR 41.8m
Slide 3: Market highlights
Market highlights Semiconductors Semiconductor market continued its strong growth in May Units grew +16.8% y-o-y (3MMA) IC Insights predicts a new all-time high for semiconductor CapEx in 2017 (~USD 76bn) Silicon wafer demand SEMI market in Q2 was ~6.4bn cm²/month, 4.2% up q-o-q and 10.1% up
Slide 4: Q2 sales development driven by increased prices and slightly higher wafer volumes
Q2 sales development driven by increased prices and slightly higher wafer volumes Sales, in EUR million +9.7% Comments 283.1 Positive 258.0 Slight volume growth q-o-q, 246.3 especially in smaller 237.0 229.6 diameters Higher wafer prices for 300mm and 200mm in Q2 ASP up y-o-y and q-o-q Fur
Slide 5: Positive development of EBITDA and EBITDA margin mainly due to higher ASP
Positive development of EBITDA and EBITDA margin mainly due to higher ASP EBITDA margin in %; EBITDA in EUR million Comments 25.7 Positive Higher ASP y-o-y and 20.5 20.5 q-o-q Successful cost reduction 15.3 15.6 program continued – cost of sales per wafer area decreased 72.7 50.5 53.0 35.1 36.
Slide 6: Positive development of net result due to price increases and lower costs per wafer area
Positive development of net result due to price increases and lower costs per wafer area Result and income tax, in EUR million Comments -6.0 Net profit of EUR 35.2m in Q2/2017 Price increases and lower cost of sales per wafer area have positive effect EUR 6.0m effective taxes 41.2 -4.0 Poten
Slide 7: Equity ratio of 46.9%, Net financial assets of EUR 241.2m
Equity ratio of 46.9% Net financial assets of EUR 241.2m Balance sheet, in EUR million Jun 30, Dec 31, Comments Equity and Jun 30, Dec 31, Comments Assets 2017 2016 Jul 30, 2017 liabilities 2017 2016 Jul 30, 2017 Non-current 531.4 554.1 Equity 522.1 425.3 PP&E 498.1 519.8 Siltronic 526.9 431.9 25 in
Slide 8: Fluctuations in pension provision due to interest rate movements
Fluctuations in pension provision due to interest rate movements Pension provision, in EUR million 496 473 395 379 371 Comments 345 Changes in interest rates influence evaluation of pension provision Change in interest rates directly reflected in equity (OCI) Q1 2016 Q2 Q3 Q4 Q1 2017 Q2 interest
Slide 9: Payments for CapEx partly financed by customer prepayments
Payments for CapEx partly financed by customer prepayments Cash flow, in EUR million Comments CapEx for investments in: Q2/ Q1/ 2017 2017 − state-of-the-art crystal pullers and further automation of Cash flow from operating activities 65.6 48.7 production sites − product mix thereof repayment of p
Slide 10: Siltronic Outlook 2017 (Update as of July 28, 2017)
Siltronic Outlook 2017 (Update as of July 28, 2017) EBITDA margin at least 27%: update ROCE substantially higher than in 2016, considerably higher than WACC Free Cash Flow clearly positive; by far above 2016 Sales at least EUR 1.12bn: update R&D unchanged at approx. 7% of sales Cost Position potenti
Slide 11: Contact and Additional Information
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 Petra Mueller email: petra.mueller@siltronic.com Tel.
Slide 12: Disclaimer
Disclaimer The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements contained in this presentation may be statements of future expectations and other forward-looking statements that are based on management's
Slide 13: Siltronic AG, Hanns-Seidel-Platz, Munich
SILTRONIC AG | Hanns-Seidel-Platz 81737 Munich 4 Germany © Siltronic AG 2017