Basf Se · XETR:BAS
Basf — Investor Day (September 2024)
17 slides from Basf's investor day presentation, Sep 13, 2024
Slide 1: Environmental Catalyst and Metal Solutions (ECMS)
DRAFT: September 13, 2024 Environmental Catalyst and Metal Solutions (ECMS) Anup Kothari Member of the Board of Executive Directors BASF Capital Markets Day, September 2024
Slide 2: Cautionary note regarding forward-looking statements
Cautionary note regarding forward-looking statements This presentation contains forward-looking statements. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. Forward-looking statements are not guarantees of the fu
Slide 3: ECMS
ECMS Global leader in mobile emissions catalysts and precious metals recycling €9.8 billion sales in 2023 (€2.2 billion excl. PGM)1 Light-duty vehicles Heavy-duty vehicles PGM recycling & services Air-purifying applications 44%1 9%1 45%1 2%1 We create value through our PGM expertise & closed-loop ec
Slide 4: ECMS has delivered strong earnings in a volatile PGM price environment
ECMS has delivered strong earnings in a volatile PGM price environment Sales excl. PGM EBITDA bsi 2019 – 2023 Strong performance Billion € over recent years despite 1.0 PGM price volatility 2.0 . >1ppt growth above catalyst 1.5 . market CAGR Market share 0.5 gains 1.0 . 28% Strong margin 0.5 . Ø EBI
Slide 5: After successful carve-out of ECMS, we are well-positioned to deliver strong earnings & cash
After successful carve-out of ECMS, we are well-positioned to deliver strong earnings & cash through the ongoing market transformation 2024 – 2028 targets 18 month carve-out process successfully completed in July 2023 Grow 3-4ppt above catalyst market CAGR Leaner business service model, standardized
Slide 6: Our strategic priorities for 2024 – 2028
Our strategic priorities for 2024 – 2028 1 2 3 4 Gain share and optimize Expand Optimize standalone Extend PGM capabilities mobile emissions catalysts PGM recycling structure in hydrogen and fuel cells Value creation share1 Value creation share1 Value creation share1 Optionality for growth beyond 20
Slide 7: Prolonged market outlook for automotive catalysts based on recent light-duty market dynamics
Grow mobile emissions catalysts 1 Prolonged market outlook for automotive catalysts based on recent light-duty market dynamics Light-duty catalyst market1 Light-duty ICE market forecast Million units revised upward by 10-15%,2 while heavy-duty remains strong 200 180 + 100 million units OEMs shift fo
Slide 8: We will be in #1 position globally in 2028 based on secured vehicle platform wins
Grow mobile emissions catalysts We will be in #1 position globally in 2028 based on secured vehicle platform wins We win with our customers through strong relationships, our commitment to uphold technology leadership, and a competitive production setup Secured vehicle platform wins across all segmen
Slide 9: Growth lever: We leverage our technology know-how to achieve emission standards and lower cost of ownership
Grow mobile emissions catalysts Growth lever: We leverage our technology know-how to achieve emission standards and lower cost of ownership for our customers With a proven track record, we build on the strong expertise of our team to maintain technology leadership in all segments 1973 2013 Regulatio
Slide 10: Growth lever: Repurposing assets to further strengthen #1 position in Indian market
Grow mobile emissions catalysts Growth lever: Repurposing assets to further strengthen #1 position in Indian market Our cost-effective technology innovations enable us to participate in dynamic growth and longevity of ICE engines in India Light- & heavy-duty catalyst market in India1 Relocation of a
Slide 11: We are well positioned to capture the peak of the ICE market while transforming
Grow mobile emissions catalysts We are well positioned to capture the peak of the ICE market while transforming our business to be best prepared for the declining phase Our focus of the mobile emissions catalysts business will shift from growth investments between 2019 – 2023 to value maximization b
Slide 12: We are #1 in spent automotive catalyst recycling, which enables closed-loop offerings
Expand PGM recycling 2 We are #1 in spent automotive catalyst recycling, which enables closed-loop offerings and PGM profit optimization PGM from spent automotive Key attributes of our PGM recycling business2 catalysts1 Million t ozs #1 market position1 CAGR of PGM from spent automotive ~6% >20% cat
Slide 13: Growth lever: Recent expansions will support further growth in spent automotive catalyst recycling
Expand PGM recycling Growth lever: Recent expansions will support further growth in spent automotive catalyst recycling PGM recycling Metals management End of Life Precious Catalysts metal chemicals Investment in PGM refining in Seneca, SC Acquisition of Arc Metal Assets in Sweden Emissions Catalyst
Slide 14: We optimize our standalone structures to maximize value
Optimize standalone structure 3 We optimize our standalone structures to maximize value With our new operating model, we are accelerating value creation and enhancing our competitiveness Operating model Procurement excellence Optimization Organization Performance management Stand-alone entity; leane
Slide 15: Growth option beyond 2028: Leveraging our PGM competency in hydrogen and fuel cells
Build positions in metal circularity and hydrogen 4 Growth option beyond 2028: Leveraging our PGM competency in hydrogen and fuel cells We will focus on partnering with component producers Low capital needed for in hydrogen market for PEM electrolysis and fuel cells expansion into hydrogen with a ca
Slide 16: We are unlocking value in ECMS
We are unlocking value in ECMS 1 Gain share and optimize 2024 – 2028 targets mobile emissions catalysts 2 Grow 3-4ppt above catalyst market CAGR Expand PGM recycling 3 Optimize standalone structure Ø EBITDA bsi margin1 of ~25% 4 Extend PGM capabilities in Cumulative cash flow of ~€2.7 billion hydrog
Slide 17: BASF - We create chemistry
O- BASF We create chemistry