Umicore Sa · EURONEXT:UMI
Umicore Sa — Investor Day (March 2025)
22 slides from Umicore Sa's investor day presentation, Mar 27, 2025
Slide 1: Maximize cash generation from foundation businesses and recover value in Battery Cathode Materials
Maximize cash generation from foundation businesses and recover value in Battery Cathode Materials Umicore Capital Markets Day Umicore Group 27th March 2025 Bart Sap – Chief Executive Officer
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. This p
Slide 3: 10 months into the job: navigating a new reality with decisive actions
10 months into the job Adopting new Navigating imperatives a new reality with immediate decisive actions Launched Immediate Accelerated Ready our People & strategic CAPEX focus on organization Capital reduction Performance culture for the future review Paused Canadian battery materials investment Re
Slide 4: Guiding us forward
Guiding us forward Umicore’s reconfigured Executive Leadership Team Karena Jensen Cancilleri* Verhelle Executive Executive Vice President Battery Cathode Materials Bart Sap Vice President Catalysis Chief Executive Officer Ana Veerle Executive Vice President Executive Vice President Fonseca Slenders
Slide 5: Our business model is more relevant than ever and at the core of everything we do
Our business model is more relevant than ever and at the core of everything we do Working closely with our customers, we innovate and tailor for their needs Metals Building on our core capabilities Chemistry we focus on applications where we Material can attain leadership Science Metallurgy Metals M
Slide 6: Through our unique business model we embrace and benefit from megatrends
Through our unique business model Clean we embrace and Technologies benefit from megatrends Connected Mobility World Transformation Capital Markets Day – Umicore Group 6
Slide 7: Our path forward
Our path forward Harnessing our strengths, focusing on 4 imperatives People & Capital Performance Partnerships Culture More balanced Further embed Drive change Building capital allocation operational efficiencies towards a across activities performance on our core Rigorous capital deployment € 100m
Slide 8: Our foundation businesses are world leaders in their respective fields
Leveraging our unique business model, Recycling our foundation businesses are world leaders in their Specialty respective fields materials Catalysis Capital Markets Day – Umicore Group 8
Slide 9: Maximizing business value in Catalysis throughout the mobility transformation
Maximizing business value in Catalysis throughout the mobility transformation Our Unique leadership assets & position capabilities Performance #1 in light-duty Automotive Catalysts ROCE gasoline catalysts globally 40% • Strong customer intimacy and commitment Technology leader in PEM • Flexible glob
Slide 10: Industry leading value creation in Recycling, despite hedges rolling off
Industry leading value creation in Recycling, despite hedges at favorable metal prices rolling off Our Unique leadership assets & position capabilities Performance World-leading precious metals refinery #1 Integrated PGM and for complex PGM-containing materials ROCE specialty metals recycler & refin
Slide 11: Full value creation potential in Specialty Materials masked by high capital employed in cobalt & nickel
Full value creation potential in Specialty Materials masked by high capital employed in cobalt & nickel activities Our Unique leadership assets & position capabilities Performance Technology and World leader in germanium with resilient ROCE innovation leader geographical sourcing and unique recyclin
Slide 12: Core 2028 ambitions - Foundation businesses
Core 2028 ambitions* - Foundation businesses Specialty Catalysis Recycling Materials Revenue Revenue Revenue in 2028 ~ € 1,800m in 2028 ~ € 800m in 2028 ~ € 600m Adj. EBITDA Adj. EBITDA Adj. EBITDA margin in 2028 ~ 25% margin in 2028 ~ 35% margin in 2028 > 20% ROCE ROCE ROCE in 2028 > 35% in 2028 >
Slide 13: Outcomes of in-depth strategy review of Battery Cathode Materials: path towards value recovery
Outcomes of in-depth strategy review of Battery Cathode Materials Path towards value recovery Capital Markets Day – Umicore Group 13
Slide 14: Solid position in Battery Cathode Materials
Solid position in Battery Cathode Materials Building on our core business Strategic and flexible asset base and strong model industrial capabilities Sourcing expertise with > 20 years of and flexibility experience Additional requirements in a CAM Deep CAM application Long-term market still knowhow a
Slide 15: Path towards value recovery
Path towards value recovery Harnessing our strengths, focusing on capital and performance Building Capital Performance on our core business Rigorous • End-to-end approach capital deployment model • Product development • Maximize plant utilization and process • Leverage footprint flexibility • Remain
Slide 16: Core 2028 ambitions – Battery Cathode Materials
Core 2028 ambitions – Battery Cathode Materials Standalone mid-term plan: value recovery with cash and cost focus Revenue EBITDA Adj. EBITDA ROCE in 2028 in margin 2028 in 2028 in 2028 ~ € 1,100m >> 25% 25% ~ 9% Adj. EBITDA positive in 2026, Adj. EBIT positive in 2027 Investments 2025-28: Capex to f
Slide 17: Mid-term plan significantly re-sized; actively exploring partnership options
Mid-term plan Actively exploring partnership significantly re-sized allowing options to accelerate for standalone execution value recovery No investments beyond current plan Industry sees value in consolidation Capital Markets Day – Umicore Group 17
Slide 18: Grouping our activities around battery materials into Battery Materials Solutions
Grouping our activities around battery materials into Battery Materials Solutions Battery Materials Solutions Battery Cathode Materials Battery Recycling Specialty Solutions Catalysis Recycling Materials Battery Anode Materials JV
Slide 19: Leveraging our business model and portfolio: maximizing cash generation of foundation businesses
Leveraging our business model and portfolio: further maximizing cash generation potential of foundation businesses while recovering value in Battery Cathode Materials Battery Catalysis Recycling Specialty Materials Materials Solutions Maximize cash generation Maximize cash generation Selective inve
Slide 20: Core 2028 ambitions – Umicore Group
Core 2028 ambitions* – Umicore Group Adj. EBITDA Adj. EBITDA FCF ’25-’28 ROCE Umicore margin Group € 1.0bn – 1.2bn > 23% € 1.0bn – 1.2bn > 15% FOUNDATION BUSINESSES Specialty Battery Material Catalysis Recycling Materials Solutions Adj. EBITDA Adj. EBITDA Adj. EBITDA Adj. EBITDA ~25% ~ 35% > 20% > 2
Slide 21: Key takeaways
Key takeaways Focusing on four strategic Leveraging our CORE imperatives: capital, strengths and circular performance, people & culture, business model partnerships Maximizing cash generation Substantial Capex potential in foundation reduction with more balanced businesses and recover value and rigo
Slide 22: Umicore Capital Markets Day 27th March 2025
Umicore Date Capital Markets Day 27th March 2025 Capital Markets Day - Battery Materials Solutions