Umicore Sa · EURONEXT:UMI
Umicore Sa — Investor Day (September 2015)
23 slides from Umicore Sa's investor day presentation, Sep 2, 2015
Slide 1: 2 September 2015, Andaz London Liverpool Street
2 September 2015 Andaz London Liverpool Street
Slide 2: Cautionary statement
Cautionary statement This presentation contains forward-looking Should one or more of these risks, information that involves risks and uncertainties or contingencies materialize, uncertainties, including statements about or should any underlying assumptions Umicore’s plans, objectives, expectations
Slide 3: Programme
Programme 09:00 Welcome with coffee 09:30 Strategic Update Marc Grynberg 10:15 Catalysis Pascal Reymondet Q&A session 11:30 Coffee break 12:00 Energy & Surface Technologies Marc Van Sande 12:15 Rechargeable Battery Materials Kurt Vandeputte Q&A session 13:15 Lunch 14:15 Recycling Stephan Csoma 14:30
Slide 4: Strategic update
Strategic update Speaker Marc Grynberg Chief Executive Officer
Slide 5: Our 2015 ambitions (as stated back in 2010)
Our 2015 ambitions (as stated back in 2010) Rechargeable Emission control battery materials catalysts Innovation as for (H) EV • Double digit growth differentiator for potential for select success in all areas high-growth businesses Materials for PV Recycling • Global GDP growth for other activities
Slide 6: How we anticipated the journey would evolve
How we anticipated the journey would evolve 2010-2012 2012-2015 2015+ Prepare Focus Accelerate • Regain profitability • Intensification of • Acceleration of of 2007-2008 investment efforts profitable growth • Lay foundations for major • Initial pay-off for major • Optimum economic, growth initiative
Slide 7: 2010-2015 financial performance
2010-2015 financial performance High growth GDP growth Average businesses businesses ROCE Target 10%+ p.a. 4% p.a. 15-20% Realised* 8% p.a. 3% p.a. 15.3% 7 * 2015 figures included in the averages are estimates
Slide 8: Vision 2015 achievements
Vision 2015 achievements Capacity & capability expansions New products & services New markets & applications Profitability improvement measures 8
Slide 9: Vision 2015 achievements
Vision 2015 achievements Capacity Capex cumulative & capability expansions €1.4bn R&D cumulative New products €800m & services Examples: New Heavy duty diesel, markets & cathode materials for applications xEV, expansion into Selective Asia and US Profitability measures in several improvement busines
Slide 10: Vision 2015 sustainability achievements
Vision 2015 sustainability achievements Carbon footprint reduction Zero lost time accidents Eco-efficiency Metal emission reduction Occupational exposure reduction Great place Product to work sustainability People development Sustainable Preferred procurement employer Stakeholder engagement Local co
Slide 11: Vision 2015: key lessons learned
Vision 2015: key lessons learned Sustainable Business model Megatrends development approach application know-how resource scarcity more Chemistry stringent metals material material emission science solutions metallurgy control electrification recycling of the automobile 11
Slide 12: Horizon 2020
Slide 13: By 2020 we have…
By 2020 we have… Clear leadership Doubled in clean mobility the size of materials and the business in recycling terms of earnings Rebalanced Turned the portfolio & sustainability earnings into a greater contributions competitive edge 13
Slide 14: Unique position in clean mobility materials
Unique position in clean mobility materials ICE (p)HEV Emission Battery cathode control materials and catalysts emission control catalysts BEV Fuel cells Battery cathode Electro-catalyst materials and battery cathode materials 14
Slide 15: Unique position in clean mobility materials
Unique position in clean mobility materials Automotive Battery Fuel cell Recycling catalysts materials catalysts services Incumbent Early stage Umicore Automotive catalyst competitors (incumbent in spent automotive catalysts) Battery material competitors Fuel cell catalyst competitors Grow faster th
Slide 16: Unique position in recycling
Unique position in recycling Unique technologies in Hoboken for treating complex residues and by-products from mining by-products and smelting / refining + end-of-life materials Over 200 input streams Recovery of 20 metals 16
Slide 17: Unique position in recycling
Unique position in recycling LONG by-products from mining LOOP and smelting / refining + end-of-life materials Unique technologies in Hoboken for treating complex residues and by-products 17
Slide 18: Unique position in recycling
Unique position in recycling LONG by-products from mining LOOP SHORT and smelting / refining + LOOP end-of-life materials Unique technologies Recycling services in Hoboken for treating for customer complex residues and production scrap by-products and residues Further leverage Umicore’s Leverage the
Slide 19: Doubling the earnings
Doubling the earnings Recurring EBIT EUR m 600 Excluding Discontinued 500 Potential to double earnings from 2014 base CAGR 400 ~10% Waiting on graph input 300 200 100 0 2014 2015e 2020 Increase ROCE Projections do not include high growth to beyond 15% target scenario for battery materials demand 19
Slide 20: Rebalancing the portfolio
Rebalancing the portfolio More significant relative contribution expected from both Catalysis and Energy & Surface Technologies in 2020 20
Slide 21: Turning sustainability into a greater competitive edge
Turning sustainability into a greater competitive edge We have transformed Umicore into a sustainability leader over the past 15 years The purpose is to generate more concrete benefits from our sustainability efforts eg: 21
Slide 22: New segmentation
New segmentation Recycling Energy & Surface Catalysis Technologies PMR PEM TFP CSM AC PMC TM JIM EOM RBM PMM EP 22
Slide 23: By 2020 we have…
By 2020 we have… Clear leadership Doubled in clean mobility the size of materials and the business in recycling terms of earnings Rebalanced Turned the portfolio & sustainability earnings into a greater contributions competitive edge 23