Siltronic Ag · XETR:WAF
Siltronic — Siltronic Ag Ord — Q1 2025 Earnings Presentation
13 slides from Siltronic's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 In Line With Expectations
Q1 2025 IN LINE WITH EXPECTATIONS Michael Heckmeier & Claudia Schmitt April 30, 2025 © Siltronic AG
Slide 2: Key Messages of Today's Call
KEY MESSAGES OF TODAY'S CALL Q1 2025 in line with Currently no major direct expectations impact expected by tariffs End markets growing, downside risk due to 2025 Guidance refined tariff impacts and FX 2 Q1 2025 Conference Call Presentation © Siltronic AG
Slide 3: Q1 2025 As Expected
Q1 2025 AS EXPECTED 346 Sales in EUR mn 97 Capex in EUR mn - 4% vs. Q4 2024 Mainly for new fab 22.6 EBITDA Margin in % -74 Net cash flow in EUR mn Q4 2024: 25.8% Impacted by cut off Q4/Q1 15 EBIT in EUR mn Stable Market share1 Q4 2024: EUR 27 mn ¹ Semi market data 3 Q1 2025 Conference Call Presentat
Slide 4: Financials Q1 2025
FINANCIALS Q1 2025 In line with expectations 4 Q1 2025 Conference Call Presentation © Siltronic AG
Slide 5: Q1 2025 Figures
Q1 2025 FIGURES Profit & Loss, in EUR million Comments qoq1 n Q1 2025 Q4 2024 Q1 2024 Sales o -4% mainly due to negative product mix and price effects Sales 346 361 344 Gross profit 55 66 70 EBITDA (margin) Gross margin, in % 16.9 18.2 20.4 o In addition to sales impact, burden from negative FX valu
Slide 6: Good Balance Sheet Quality
GOOD BALANCE SHEET QUALITY Balance Sheet Composition, in EUR million Comments1 Mar 31, 2025 Dec 31, 2024 Fixed assets EUR -34 mn Assets 4,971 5,084 ○ FX valuation as of the reporting date (Singapore entities) Fixed Assets 3,822 3,856 Cash & Securities EUR -85 mn Inventories & Contract assets 324 321
Slide 7: Significant YoY Reduction in 2025 Capex
SIGNIFICANT YOY REDUCTION IN 2025 CAPEX Capex, in EUR million Capex 2025 1,316 Ongoing focus on new Fab in SGP 1,074 Capex CF 523 Payments 2025 clearly 426 350 – 400 exceeding invest level 188 Q1: 97 2020 2021 2022 2023 2024 2025 Chart not to scale 7 Q1 2025 Conference Call Presentation © Siltronic
Slide 8: Net Financial Debt Impacted by Lower Operating CF and Carryover of Capex Payments
NET FINANCIAL DEBT IMPACTED BY LOWER OPERA- TING CF AND CARRYOVER OF CAPEX PAYMENTS Net Financial Debt, in EUR million Operating Net financial debt Cash flow impacted by Dec 31, 2024 -734 lower EBITDA and trade receivables Operating cash flow 57 impact Change in Payments for net financial debt -139
Slide 9: Outlook 2025
OUTLOOK 2025 Specified, but with increased indirect tariff and FX risks 9 Q1 2025 Conference Call Presentation © Siltronic AG
Slide 10: End Market Growth Expected but Downside Risk Due to Tariff Impacts
END MARKET GROWTH EXPECTED BUT DOWNSIDE RISK DUE TO TARIFF IMPACTS Consumption of wafers by end use Growth in demand for wafer area 2024, in % 2025 vs. 2024, in % (status March 6, 25) Smartphones 22 4 PCs 14 5 Server 15 23 Industrial 14 3 Automotive 17 9 Others1 18 3 20% Content: 5% Total (w/o inven
Slide 11: Silicon Content Grows in Smartphones and Notebooks Driven by More DRAM to Enable AI
SILICON CONTENT GROWS IN SMARTPHONES AND NOTEBOOKS DRIVEN BY MORE DRAM TO ENABLE AI CAPABILITY Smartphone and notebook content development Expected growth in wafer area DRAM DRAM NAND NAND Logic Logic Others Others Source: Siltronic Marketing, Others include Power Management, CIS, Battery Charger et
Slide 12: 2025 Guidance Refined - High Uncertainties of Indirect Tariff Impacts
2025 GUIDANCE REFINED - HIGH UNCERTAINTIES OF INDIRECT TARIFF IMPACTS Sales EBIT In the region of 2024¹, yoy no growth Significant decline H1 25 mid to high single digit below H2 24 EBITDA Margin Capex Between 21% and 25% Between EUR 350 and 400 mn Depreciation Net cash flow Between EUR 380 and 440
Slide 13: Financial Calendar and Events; Investor Relations Contacts
Financial Calendar and Events July 29, 2025 Sep. 2, 2025 Sep 3, 2025 May 28, 2025 June 4-5, 2025 June 27, 2025 DB Access European Geneva and Zurich Kepler Cheuvreux Interim ODDO BHF Corporate DB TMT TMT Conference, Roadshow Reverse Roadshow results Conference, Frankfurt Conference, Frankfurt London