Wacker Chemie Ag · XETR:WCH
Wacker Chemie — Non-Deal Roadshow (August 2023)
16 slides from Wacker Chemie's roadshow presentation, August 2023
Slide 1: WACKER – Accelerating Proven Successes
CREATING TOMORROW’S SOLUTIONS WACKER – Accelerating Proven Successes Wacker Chemie AG August 2023 Ticker: WCH @Wacker Chemie AG www.wacker.com August 2023 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 ma
Slide 3: WACKER: At a Glance
WACKER: At a Glance Facts & Figures POLYSILICON SILICONES No. 1 in semi No. 2 €8.21bn 15,725 Sales in 2022 Employees €2.09bn 27 Sales EBITDA in 2022 Production Sites FY 2022 25.4% 26 EBITDA margin in 2022 Technical Centers POLYMERS No. 1 Scientific BIOSOLUTIONS 4 Business Segments 45 collaborations
Slide 4: A New Phase with New Group Targets for 2030
A New Phase with New Group Targets for 2030 Chemicals Financial KPIs 35% €1,165m 27% Faster Growth, Bolder Strategic Growth Projects 19% €710m Moves, High Profitability SILICONES: Specialties 21% SALES: >€10bn €440m POLYMERS: Tandems (VAE+DPP) 19% €294m EBITDA Margin: >20% BIOSOLUTIONS: Bi
Slide 5: Ambitious Sustainability Targets for 2030
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 water 15% withdrawal (vs.
Slide 6: SILICONES: At a Glance
SILICONES: At a Glance Financial Performance 25% 21% €876m The Fully Integrated Sustainability Pull For 14% €496m Specialty Supplier Specialty Solutions 10% €253m Customer’s first choice for Silicones with unmatched €148m innovative and customized solutions performance & versatility in all regio
Slide 7: POLYMERS: At a Glance
POLYMERS: At a Glance Financial Performance 15% 16% 17% €289m 17% €214m VAE/DPP1 Capacity Leader Pull from Sustainability and €186m €146m with World Class Tandems Smart Construction Customized service to key accounts Performance-based substitution in and local champions in the regions constructi
Slide 8: BIOSOLUTIONS: At a Glance
BIOSOLUTIONS: At a Glance Financial Performance 5% 13% €331m €300m -1% 16% Fast Growing Biotechnology Pull from Advanced €167m €155m Business Medicine and Clean Food Leading microbial manufacturing CDMO outsourcing trend with high technologies potential Jump-started into advanced Consumer fo
Slide 9: POLYSILICON: At a Glance
POLYSILICON: At a Glance Financial Performance 36% €826m 42% 27% Leadership in High End Pull from Rapidly Growing €377m 21% Applications Established Semi and Solar Markets €216m €254m #1 Position in Semi – doubled Strong growing chip demand volumes sold in past 5 years High efficiency modules
Slide 10: Progress Made on Achieving Ambitious Group Sustainability Targets
Appendix Progress Made on Achieving Ambitious Group Sustainability Targets 2020 2021 2022 2030 Target Net Zero by 2045 Value Up Sustainable products 83% 89% 90% 100% of products meet defined sustainability criteria Diversity: Woman in management 17% 19% 21% 33% of management positions held by woman
Slide 11: Guidance FY 2023
Appendix Guidance FY 2023 In €m FY 2022 Outlook 2023 Sales 8,209 €6.5 – 6.8bn (Previously €7.0 – 7.5bn) EBITDA 2,081 €0.8 – 1.0bn (Previously €1.1 – 1.4bn) EBITDA margin (%) 25.4 Substantially lower than last year Net cash flow 439 Positive, substantially lower than last year CapEx 547 Around €650m
Slide 12: WACKER Q2 2023 Results
Appendix WACKER Q2 2023 Results In €m Q2 2023 Q2 2022 % YoY Sales 1,753 2,174 -19% EBITDA reported 256 626 -59% EBITDA-Margin 14.6% 28.8% EBIT 153 529 -71% EBIT-Margin 8.7% 24.3% Net income for the period 119 391 -70% EPS 2.38 7.67 -69% CapEx 145 100 46% Net Cash Flow -99 96 n.a. Net Debt Position 2
Slide 13: Q2 2023 Results – Breakdown by Business
Appendix Q2 2023 Results – Breakdown by Business Sales EBITDA EBITDA Margin (%) In €m / % Q2/23 Q2/22 % YoY Q1/23 % QoQ Q2/23 Q2/22 % YoY Q1/23 % QoQ Q2/23 Q2/22 Q1/23 Chemicals 1,115 1,490 -25% 1,188 -6% 128 368 -65% 167 -23% 11.4 24.7 14.0 SILICONES 699 936 -25% 760 -8% 52 277 -81% 96 -46% 7.4 29.
Slide 14: Strong Growth of Global PV Markets in 2023 Expected
Appendix Strong Growth of Global PV Markets in 2023 Expected Country 2019 2020 2021 2022 2023e Germany 4.0 4.8 5.3 7.9 7-10 Spain 4.7 2.6 3.8 7.5 7-10 Europe other 13.0 13.0 19.9 29.6 36-40 Europe total 21.7 21.2 29.0 45.0 50-60 USA 13.3 19.2 25 18.6 25-30 Japan 7.5 8.2 7.5 6.5 6-8 China 30.1 48.2 5
Slide 15: Key Raw Materials, Power and Gas
Appendix Key Raw Materials, Power and Gas Si-Metal (€/mt) Electricity (€/MWh) 10,000 500 8,000 400 6,000 300 4,000 200 2,000 100 0 0 2020 2021 2022 2023 2020 2021 2022 2023 Source: CRU, Si-Metal Spot FD Europe Source: EEX, Baseload Front Contract Avg. Month VAM (€/mt) Natural Gas (€/MWh) 4,000 250 3
Slide 16: WACKER: Issuer, Contact and Additional Information
WACKER: Issuer, Contact and Additional Information Issuer and Contact Financial Calendar INVESTOR RELATIONS CONTACTS 10/26/23 Q3 2023 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