Wacker Chemie Ag · XETR:WCH
Wacker Chemie — FY2024 Earnings Presentation
14 slides from Wacker Chemie's earnings presentation, Jan 28, 2025
Slide 1: Preliminary Release FY 2024e
CREATING TOMORROW’S SOLUTIONS Preliminary Release FY 2024e Dr. Christian Hartel (CEO), Dr. Tobias Ohler (CFO) January 28, 2025 2024e – Prelims January 28, 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 FY 2024e Highlights
WACKER FY 2024e Highlights Financials Operations Sustainability €5.72bn Chemicals with Higher Climate Partner Volumes & Better Mix Award Sales (-11% yoy) Performing despite weak markets Driven by lower solar-grade polysilicon volumes Customer Unilever recognizes WACKER commitment to Net Zero €770m 1
Slide 4: WACKER FY 2024e Preliminary Results
WACKER FY 2024e Preliminary Results In €m FY 2024e FY 2023 % YoY Sales 5,720 6,402 -11% EBITDA reported 770 824 -7% EBITDA-Margin 13.5% 12.9% - EBIT 300 405 -26% EBIT-Margin 5.2% 6.3% - Net income 265 327 -19% EPS 4.90 6.31 -22% CapEx 665 710 -6% Net cash flow -325 166 - Net Debt 690 84 >100% 2024e
Slide 5: FY 2024e EBITDA at €770m
GROUP FY 2024e EBITDA at €770m Sales (€m) Comments Q4 -3% EBITDA of 4 operating segments +78% yoy to €180m 1,383 1,490 1,468 1,430 1,335 (PY €101m) Chemicals (SILICONES & POLYMERS) with typical year- Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024e end seasonality EBITDA (€m) / margin POLYSILICON with
Slide 6: Q4 2024e EBITDA at €65m (Silicones)
SILICONES Q4 2024e EBITDA at €65m Sales (€m) Comments Q4 +7% Sales with typical year-end seasonality 610 710 719 727 650 EBITDA benefits from higher volumes, good mix and better plant loading yoy Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024e Specialties maintain strong yoy volume growth dynamics EB
Slide 7: Q4 2024e EBITDA at €35m (Polymers)
POLYMERS Q4 2024e EBITDA at €35m Sales (€m) Comments Q4 -2% Sales supported by higher volumes but held back by lower 342 372 389 365 335 prices EBITDA with typical year-end seasonality Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024e Dispersions with strong growth driven by packaging EBITDA (€m) / mar
Slide 8: Q4 2024e EBITDA at €15m (Biosolutions)
BIOSOLUTIONS Q4 2024e EBITDA at €15m Sales (€m) Comments Q4 +14% Sales growth driven by BioPharma 93 98 100 105 72 EBITDA supported by German Pandemic Preparedness reservation fee Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024e Focus on filling new capacities EBITDA (€m) / margin +28% 14 15 12 1.1% 5
Slide 9: Q4 2024e EBITDA at €65m (Polysilicon)
POLYSILICON Q4 2024e EBITDA at €65m Sales (€m) Comments Q4 -31% Sales decline yoy due to lower solar-grade volumes sold 303 300 232 209 210 Semi volumes and prices resilient Uncertainty about tariffs remains, final determinations on Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024e AD/CVD expected in A
Slide 10: FY 2024e EBITDA €-15m Before SILTRONIC (Others)
OTHERS FY 2024e EBITDA €-15m Before SILTRONIC Sales (€m) Comments Q4 -11% 39 39 35 To ensure a true and fair view on segment performance we 34 34 credit the expected payments (CO2 compensation) quarterly to the segments, debiting OTHERS Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024e CO2 compensation f
Slide 11: Appendix Q4 2024e Results
Appendix Q4 2024e Results In €m Q4 2024e Q4 2023 % YoY Sales 1,335 1.383 -3% EBITDA reported 285 135 >100% EBITDA-Margin 21.3% 9.8% EBIT 155 25 >100% EBIT-Margin 11.6% 1.8% Net income for the period 145 28 >100% EPS 2.85 0.47 >100% CapEx 225 305 -26% Net Cashflow 80 87 -8% Net Debt 690 84 >100% 2024
Slide 12: Q4 2024e Results – Breakdown by Business
Appendix Q4 2024e Results – Breakdown by Business Sales EBITDA EBITDA Margin (%) In €m / % Q4/24e Q4/23 % YoY Q3/24 % QoQ Q4/24e Q4/23 % YoY Q3/24 % QoQ Q4/24e Q4/23 Q3/24 Chemicals 985 952 3% 1,092 -10% 100 69 45% 155 -35% 10.2 7.3 14.2 SILICONES 650 610 7% 727 -11% 65 37 74% 109 -40% 10.0 6.1 15.0
Slide 13: 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 14: 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