Wacker Chemie Ag · XETR:WCH
Wacker Chemie — Non-Deal Roadshow (March 2025)
20 slides from Wacker Chemie's roadshow presentation, March 2025
Slide 1: WACKER – Customer Focus, Efficiency and Specialty Products
CREATING TOMORROW’S SOLUTIONS WACKER – Customer Focus, Efficiency and Specialty Products Wacker Chemie AG March 2025 Wacker Chemie AG – Roadshow Presentation March 2025 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 2024 POLYSILICON No. 1 in semi SILICONES €5.7bn €763m No. 2 Sales EBITDA 13.3% 5.0% Sales EBITDA margin ROCE FY 2024 27 21 POLYMERS Production Sites Technical Centers No. 1 4 16,637 OTHERS BIOSOLUTIONS Segments Employees Leading in niches Wacker Chemie AG – Roadsh
Slide 4: SILICONES: At a Glance
SILICONES: At a Glance Financial Performance 18% 19% 12% €506m €381m The Fully Integrated Sustainability Pull For €347m 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% 13% €252m €197m €194m VAE/DPP1 Capacity Leader Pull from Sustainability and 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% 9% €375m €337m Fast Growing Biotechnology Pull from Advanced Business Medicine and Clean Food €176m Leading microbial manufacturing CDMO outsourcing trend with high technologies potential CDMO for advanced medicines Consumer focus on hea
Slide 7: POLYSILICON: At a Glance
POLYSILICON: At a Glance Financial Performance 31% 27% 20% €373m €318m Extend #1 Leadership Capture Opportunities in €193m Position in High End Semi Solar Leading edge design rules rely on Best-in-class sustainability & perfect 3D architecture + perfect regional differentiation material Fast m
Slide 8: Our 2030 Targets: Refining Our Strategy to Adapt to Changing Market Conditions
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 March 2025 7
Slide 9: Drive Group EBITDA Margin to >20% by 2030
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 margin: > 2
Slide 10: Clear Focus on Cost & Efficiency Measures
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 & Excellence hub, Cz
Slide 11: CapEx With Focus On Highly Profitable Growth
CapEx With Focus On Highly Profitable Growth Target CapEx split 2025-26 Flexible CapEx program €500-800m p.a. 709 666 547 Sustainability/MoB 344 2021 2022 2023 2024 2025e Going Forward Growth Investments according to market environment Diversified portfolio of downstream projects Cost/Efficiency
Slide 12: Solid Financial Foundation Supports Growth & Shareholder Returns
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 2024 dividend proposal €2.50 Earnings-accretive / early-stage bolt-ons Foundation: Strong
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: 2024 Climate Prime, Rating B- BBB rating Top 5% of all “Management of Change: A Score companies rated material ESG issues Water Sec
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: Q1 Trading Update: Sales of about €1.5bn with an EBITDA of around €135m
Appendix Q1 Trading Update: Sales of about €1.5bn with an EBITDA of around €135m SILICONES POLYMERS Sales & EBITDA significantly higher yoy and qoq Sales & EBITDA lower yoy, sequentially higher Q1 with ongoing good mix Volumes for DPP and dispersions at prior year level BIOSOLUTIONS POLYSILI
Slide 16: Guidance FY 2025
Appendix Guidance FY 2025 In €m FY 2024 Outlook 2025 Sales 5,722 €6.1 – 6.4bn EBITDA 763 €700 – 900m EBITDA margin (%) 13.3 On par with last year Net cash flow -326 Positive, substantially higher than last year CapEx 666 Significantly lower than prior year, slightly above depreciation Net Debt 691 O
Slide 17: Progress Towards Ambitious Group Sustainability Targets
Appendix Progress Towards Ambitious Group Sustainability Targets 2020 2021 2022 2023 2024 2030 Target Net Zero 100% 93% 87% 72% 76% 100% reduction by 2045 Value Up Sustainable products 83% 89% 90% 94% 94% 100% of products meet defined sustainability criteria Diversity: Women in management 17% 19% 21
Slide 18: FY 2024 Results – Breakdown by Business
Appendix FY 2024 Results – Breakdown by Business FY 2024 FY 2023 Q4 2024 Q4 2023 EBITDA EBITDA EBITDA EBITDA In €m / % SALES EBITDA MARGIN SALES EBITDA MARGIN SALES EBITDA MARGIN SALES EBITDA MARGIN Chemicals 4,269 542 12.7 4,321 490 11.3 986 101 10.3 952 69 7.3 SILICONES 2,805 347 12.4 2,741 236 8.
Slide 19: 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 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Source: CRU, Si-Metal Spot FD Europe Source: EEX, Baseload Front Contract Avg. Month VAM (€/mt) Natural Gas (€/MWh) 4
Slide 20: WACKER: Issuer, Contact and Additional Information
WACKER: Issuer, Contact and Additional Information Issuer and Contact Financial Calendar INVESTOR RELATIONS CONTACTS 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 Scott McCollister 30/10/25