Wacker Chemie Ag · XETR:WCH
Wacker Chemie — Non-Deal Roadshow (August 2022)
20 slides from Wacker Chemie's roadshow presentation, August 2022
Slide 1: WACKER – Accelerating Proven Successes
CREATING TOMORROW`S SOLUTIONS WACKER – Accelerating Proven Successes Wacker Chemie AG August 2022 Ticker: WCH © Wacker Chemie AG www.wacker.com August 2022 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 €1.54bn 14,400 EBITDA in 2021 Employees €6.21bn 26 Sales Sales in 2021 Production Sites FY 2021 24.8% 23 EBITDA margin Technical Centers POLYMERS in 2021 No. 1 Business Scientific OTHERS 4 Segments 45 collaborations BIOSOL
Slide 4: Transformation to Full Specialty Setup
Transformation to Full Specialty Setup CHEMICALS BIOSOLUTIONS POLYSILICON Specialty transformation Biotechnology foundation High-end focus Strong profitability Innovation and technologies #1 in semi Regional expansion Bolt-on acquisitions Improved mix Focused investments Leading micr
Slide 5: SILICONES: At a Glance
SILICONES: At a Glance Financial Performance 30% 21% €496m 14% The Fully Integrated Sustainability Pull For €253m €277m Specialty Supplier Specialty Solutions Customer’s first choice for Silicones with unmatched innovative and customized solutions performance & versatility in all regions Smart
Slide 6: POLYMERS: At a Glance
POLYMERS: At a Glance Financial Performance 17% 17% 16% €214m €186m VAE/DPP Capacity Leader Pull from Sustainability and with World Class Tandems Smart Construction €91m Customized service to key accounts Performance-based substitution in and local champions in the regions construction and binde
Slide 7: BIOSOLUTIONS: At a Glance
BIOSOLUTIONS: At a Glance Financial Performance 16% 13% 10% €300m Fast Growing Biotechnology Pull from Advanced €155m Business Medicine and Clean Food €84m Leading microbial manufacturing CDMO outsourcing trend with high technologies potential Jump-started into advanced Consumer focus on hea
Slide 8: POLYSILICON: At a Glance
POLYSILICON: At a Glance Financial Performance 42% 38% €377m 21% Leadership in High End Pull from Rapidly Growing €216m €214m Applications Established Semi and Solar Markets #1 Position in Semi – doubled Strong growing chip demand volumes sold in past 5 years High efficiency modules require hi
Slide 9: Entering a New Phase with New Group Targets & Ambitions for 2030
Entering a New Phase with New Group Targets & Ambitions for 2030 Faster Growth, Bolder Moves, Higher Profitability SALES: > 10 bn EUR EBITDA Margin: > 20% VOLUME/MIX CAGR: 1.5 – 2 x Historic ROCE: 2x Cost of Capital © Wacker Chemie AG August 2022 8
Slide 10: Addressing Customer Demand – Segment Strategies and 2030 Targets
Addressing Customer Demand – Segment Strategies and 2030 Targets CHEMICALS BIOSOLUTIONS POLYSILICON Accelerate Growth Incubate, Innovate, Grow Strengthen Semi Position Demand pull from sustainability Demand pull from advanced Demand pull from rapidly growing medicine and clean food semi/solar
Slide 11: WACKER is Taking Actions for Power and Gas Challenges
WACKER is Taking Actions for Power and Gas Challenges Electricity (€/MWh, Germany) German Energy Prices Escalate due to Reduced Gas Flows 400 357 € High 2nd level in the German gas emergency plan triggered at the end of June 300 200 Production and hedges are unaffected 100 Natural gas supply v
Slide 12: Updated Guidance FY 2022
Updated Guidance FY 2022 In €m FY 2021 Outlook 2022 Sales 6,208 €8.0 – 8.5bn (Previously: €7.5bn) EBITDA 1,539 €1.8 – 2.3bn1 (Previously: €1.2 – 1.5bn) EBITDA margin (%) 24.8% On a par with last year (Previously: Substantially lower than last year) Net cash flow 761 Clearly positive, substantially l
Slide 13: Q2 2022 Results – P&L
Appendix: Q2 2022 Results – P&L In €m Q2 2022 Q2 2021 % YoY Q1 2022 % QoQ Sales 2,174 1,501 45% 2,076 5% EBITDA 626 321 95% 644 -3% EBITDA margin 28.8% 21.4% - 31.0% - EBIT 529 228 >100% 550 -4% EBIT margin 24.3% 15.2% - 26.5% - Net income for the period 391 173 >100% 403 -3% EPS in € 7.67 3.39 >100
Slide 14: Q2 2022 Results – Breakdown by Business
Appendix: Q2 2022 Results – Breakdown by Business Sales EBITDA EBITDA Margin (%) In €m / % Q2 2022 Q2 2021 % YoY Q1 2022 % QoQ Q2 2022 Q2 2021 % YoY Q1 2022 % QoQ Q2 2022 Q2 2021 Q1 2022 Chemicals 1,490 1,052 42% 1,438 4% 368 186 98% 372 -1% 24.7 17.7 25.9 SILICONES 936 649 44% 921 2% 277 134 >100%
Slide 15: Strong Growth of Global PV Markets in 2022 Expected
Appendix: Strong Growth of Global PV Markets in 2022 Expected Country 2017 2018 2019 2020 2021 2022e Germany 1.8 3.0 4.0 4.9 5.3 6.0 – 8.0 Spain 0.1 0.4 4.7 3.3 4.9 4.0 – 6.0 Europe other 4.9 8.1 13.0 13.0 19.8 22.0 – 26.0 Europe total 6.8 11.5 21.7 21.2 30.0 32.0 – 40.0 Australia 1.3 3.8 4.4 5.1 5.
Slide 16: Raw Materials, Power and Gas Show Strong Price Inflation
Appendix: Raw Materials, Power and Gas Show Strong Price Inflation Si-Metal (€/mt) Electricity (€/MWh) 10,000 400 357 € High 8,000 8,200 € High 300 6,000 200 4,000 100 2,000 0 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Source: CRU, Si-Metal
Slide 17: CMD 2022 Maintaining Resilience
CMD 2022 Maintaining Resilience Sourcing Initiatives Pricing Power Lean Cost Structure Long-term strategies and short- Successful pricing initiatives Overall cost “Shape the future” term actions to mitigate price 2022e savings €200m volatility Stable financial performance allows for continuo
Slide 18: Capital Allocation Priorities
Appendix: Capital Allocation Priorities GROWTH High-Return Growth CapEx 1 CapEx and M&A Accelerate chemical capacities in all regions, diversified portfolio of downstream projects Early-stage assets, create synergies in BIOSOLUTIONS; strengthen market position, extend value chain in CHEMICALS SH
Slide 19: New and More Ambitious Sustainability Targets for 2030
Appendix: New and More Ambitious Sustainability 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 wa
Slide 20: WACKER: Issuer, Contact and Additional Information
WACKER: Issuer, Contact and Additional Information Issuer and Contact Financial Calendar INVESTOR RELATIONS CONTACTS 10/27/22 Q3 2022 Results Joerg Hoffmann, CFA Tel. +49 89 6279 1633 | joerg.hoffmann@wacker.com Scott McCollister Tel. +49 89 6279 1560 | scott.mccollister@wacker.com Publications Wack