Umicore Sa · EURONEXT:UMI
Umicore Sa — Investor Day (March 2025)
14 slides from Umicore Sa's investor day presentation, Mar 27, 2025
Slide 1: Rigorous capital deployment and solid cash generation
Rigorous capital deployment and solid cash generation Umicore Capital Markets Day 27th March 2025 Umicore Group Financials • Date Wannes Peferoen – Chief Financial Officer • Umicore Capital Markets Day – Group Financials • 1
Slide 2: Disclaimer
Disclaimer • This presentation is provided solely for This presentation contains forward-looking information that involves risks and general information purposes about uncertainties, including statements about Umicore’s plans, objectives, expectations Umicore and its activities. and intentions. Shou
Slide 3: Our path forward
Our path forward Consistent strong profitability, cash generation and value creation throughout the plan People Partnerships Capital Performance & Culture More balanced Further embed Drive change Actively explore Building capital allocation operational efficiencies across activities towards a perfor
Slide 4: Building on consistent delivery of strong financial performance
Building on consistent delivery of strong financial performance Average Adj. EBITDA, Margin & ROCE (in € m and %) Average Adj. EBITDA 23% 28% 22% margin Average 13% 18% 12% ROCE1 1,125 over-earning in exceptional metal markets2 759 763 Average 846 Adj. tTDA '18-'20 '21-'23 '24 • Recurring profitabil
Slide 5: Focus on cash flow generation and value recovery in Battery Material Solutions
Focus on cash flow generation and value recovery in Battery Material Solutions Umicore Group PROFITABILITY CASH GENERATION RETURNS AMBITION1 AMBITION1 AMBITION1 Adj. EBITDA ‘28: Free Cash Flow2 ’25-’28: ROCE ‘28: € 1.0bn – 1.2bn € 1.0bn - 1.2bn >15% Adj. EBITDA margin ‘28: Free Cash Flow positive: >
Slide 6: Foundation businesses: strong cash flow delivery fuelled by operational excellence
Foundation businesses1: strong cash flow delivery fuelled by operational excellence and targeted growth initiatives Revenue & Adj. EBITDA margin Cumulative Free Cash Flow 3 At current precious metal prices2 (’25-’28, in € bn) At current precious metal prices2 3.0 – 3.2 < -0.3 3.1 3.3 Revenue, in € b
Slide 7: Battery Material Solutions: Solid path to value recovery
Battery Material Solutions Solid path to value recovery Revenue & Adj. EBITDA margin Adj. EBITDA & FCF1 ’28 (€ m) ~ 1.1 Revenue, in € bn 275 - 325 Adj. > 100 >25% EBITDA 0.4 margin % 2024 2025E 2028E EBITDA '28 Free Cash Flow '28 • 2028 volumes • Adj. EBITDA turns • Free Cash Flow • ROCE reaching es
Slide 8: Rigorous capital deployment resulting in net cash savings of € 1.2bn
Rigorous capital deployment resulting in net cash savings of € 1.2bn Total projected investments for Umicore Group (’25-’28, € bn) € 3.3bn € 1.4bn € 0.1bn € 0.1bn € 0.5bn Net Capex reduction Corporate € 1.1bn of € 1.4bn primarily € 2.1bn in Battery Cathode € 0.8bn € 0.2bn Foundation € 0.1bn Material
Slide 9: Relentless performance management
Relentless performance management Continued focus will drive additional efficiencies AMBITION 2026-28 TARGET 2025 ACTUALS 2024 Total (€ m) >100 100 Revenue ~25% ~30% (% of contribution) Offset inflation COGS ~45% ~20% through gross efficiencies of min Cost €50m to €75m per SG&A ~15% ~35% (% of contr
Slide 10: Security of future earnings increased with metals volatility largely mitigated through hedging
Security of future earnings increased with PM & PGM metals volatility largely mitigated through hedging policy Price sensitivity • Historical volatility largely • Substantial portion linked to PM of expected structural and PGM prices price exposure covered 10% PM & PGM up to 2028 • Strategic metal h
Slide 11: Solid liquidity with spread debt maturities and contained leverage
Solid liquidity with spread debt maturities and contained leverage Long Term Debt profile (€ bn) Leverage ratio c.€ 2.8bn c. 2.5x 1.9x 1.6x – 1.8x Post ‘28 c.€ 0.5bn ’26-‘28 € 0.5bn ‘25 Debt Maturity '24 '25 '28 1.4 1.9 1.8 Net debt (€ bn) • € 2bn of liquidity • 85% of total debt at the end of 2024
Slide 12: Take-aways: Rigorous capital deployment and solid cash generation
Take-aways Rigorous capital deployment and solid cash generation Strong profitability Solid cash Robust & returns generation balance sheet CORE ’28 ambition: CORE ’28 ambition: CORE ’28 ambition: Adj. EBITDA € 1.0bn to € 1.2bn Cumulative Free Cash Flows1 Leverage € 1.0bn to € 1.2bn Net debt / LTM Ad
Slide 13: CORE 2028 ambitions – Umicore Group
CORE 2028 ambitions* – Umicore Group Umicore Revenues Adj. EBITDA margin FCF1 ’25-28 ROCE Group ~ € 4.4bn > 23% € 1.0bn - 1.2bn > 15% Total investments2 ‘25 – ‘28: < € 2.1Bn Capital expenditures : Equity contribution to IONWAY JV < € 1600M ~€ 500M FOUNDATION BUSINESSES Specialty Battery Material Cat
Slide 14: Umicore Capital Markets Day 27th March 2025
Umicore • Date Capital Markets Day 27th March 2025 • Capital Markets Day - Battery Materials Solutions