Umicore Sa · EURONEXT:UMI
Umicore Sa — Investor Presentation (September 2017)
28 slides from Umicore Sa's investor presentation, Sep 28, 2017
Slide 1: Investor Presentation
Umicore Investor Presentation September 28, 2017 1
Slide 2: Introduction to Umicore
a, umicore Introduction to Umicore
Slide 3: Who we are
Who we are A global materials technology and recycling group One of three global A leading supplier of key The world’s leading leaders in emission control materials for rechargeable recycler of complex waste catalysts for light-duty and batteries used in electrified streams containing heavy-duty veh
Slide 4: Our foundations
Our foundations Unique business Supportive Industry leader in model megatrends sustainability application know-how resource scarcity more Chemistry material material stringent metals science emission solutions metallurgy control electrification recycling of the automobile 4
Slide 5: Our Group structure
Our Group structure CATALYSIS ENERGY & SURFACE RECYCLING TECHNOLOGIES Automotive Catalysts Cobalt & Specialty Materials Precious Metals Refining Precious Metals Chemistry Rechargeable Battery Materials Jewellery & Industrial Metals Electroplating Platinum Engineered Materials Electro-Optic Materials
Slide 6: Business group split for 1H 2017
Business group split for 1H 2017 Excluding Corporate and Discontinued Operations Revenues (excluding metal) Recurring EBITDA 25% 34% 36% EUR 46% EUR 1,371 m 302 m 29% 29% 22% 34% 38% 41% EUR EUR 215 m 2,320 m 37% 28% Recurring EBIT Average capital employed Catalysis Energy & Surface Technologies
Slide 7: Our Strategy – Horizon 2020
Our Strategy – Horizon 2020 By 2020 we expect to have… Clear leadership Doubled the size in clean mobility of the business materials and in terms of recycling earnings Rebalanced Turned the portfolio & sustainability earnings into a greater contributions competitive edge 7
Slide 8: Unique position in clean mobility materials
Unique position in clean mobility materials Present across all drive trains Leadership in clean mobility materials and recycling Internal Plug-In Hybrid Combustion Engine Electric Vehicle Umicore provides: Umicore provides: Emission control catalysts Battery cathode materials and emission control ca
Slide 9: Unique position in clean mobility materials
Unique position in clean mobility materials Full service offering vs competitors Automotive Battery Fuel cell Refining & Leadership catalysts materials catalysts recycling ✔✔✔ Incumbent in clean mobility services materials and recycling ✔ Early stage Umicore ✔✔✔ ✔✔✔ ✔ ✔✔✔ ✔✔✔ ✔ ✔ ✔ Automotive cataly
Slide 10: Unique position in recycling
Unique position in recycling Metallurgical leadership and closed loop offering Unique technologies in Hoboken for treating LONG Leadership in clean mobility complex residues and materials and LOOP recycling by-products Unique technologies Closing the loop for treating complex in product businesses r
Slide 11: Doubling the earnings
Doubling the earnings RECURRING EBIT 600 Double the size EUR m Excluding Discontinued of the business in terms of 500 earnings Potential to double earnings from 2014 base CAGR 400 ~10% 300 200 100 0 2014 2016 2020e Increase average ROCE to beyond 15% target 11
Slide 12: Rebalancing the Portfolio
Rebalancing the Portfolio Rebalance the portfolio & earnings contributions More significant relative contribution expected from both Catalysis and Energy & Surface Technologies in 2020 Recurring EBIT 2014 2016 1H 2017 29% 35% 34% 38% 42% 52% 19% Catalysis 23% 28% Recycling 12 Energy & Surface
Slide 13: Turning sustainability into a greater competitive edge
Turning sustainability into a greater competitive edge Turn sustainability into a greater competitive edge Eco-efficiency Safety Downstream Sustainable supply Sustainable products and services Upstream Health People engagement We have transformed Umicore into a sustainability leader over the past 15
Slide 14: Global presence
Global presence 10,400 people, 61 industrial sites North America Europe 838 6,558 people people 12 25 industrial sites industrial sites 15% 49% of revenues of revenues Asia-Pacific South America 2,058 688 people people Africa 19 4 industrial sites industrial sites 260 people 28% 6% of revenues of re
Slide 15: Rechargeable Battery Materials: Focus on recent growth investments
Rechargeable Battery Materials Focus on recent growth investments 15
Slide 16: A leading player in the industry
A leading player in the industry The strategy for success • Offering a broad spectrum of cathode materials, an advanced product Umicore roadmap and strong application support offering • Operating the most efficient factories with a large industrial footprint close to the customers. • Engaging in str
Slide 17: Strong market growth projections
Strong market growth projections Cathode materials market (volume indexed) Current view 500 450 400 350 300 250 200 Accessible market for Umicore 150 100 Accessible market 50 for Umicore 0 2015 2020 LCO (including high end) NMC (including high Ni) / NCA Other chemistries (LFP, LMO) • Vehicle e
Slide 18: Umicore outpacing NMC market growth
Umicore outpacing NMC market growth • Sharp uplift in orders from a diversified customer base for Umicore’s NMC cathode materials used in xEV and E-buses, outpacing global market growth • Confirmation of Umicore’s unique positioning • Longstanding presence in battery materials technology • Extensive
Slide 19: Taking Umicore's capacity to a new dimension
Taking Umicore’s capacity to a new dimension • € 160 million investment announced in April 2016 to triple existing capacity between 2015 and end of 2018 in South Korea and China • € 300 million investment announced in May 2017 to further expand cathode materials capacity in South Korea and China by
Slide 20: Financials
. umicore materials -frr a Letter life Financials
Slide 21: Highlights H1 2017
Highlights H1 2017 • Strong performance: revenues +13% and REBIT +26% from continued operations • Growth across segments, most pronounced in Energy & Surface Technologies • Significant organic investments and acquisitions: • Six fold expansion cathode materials production in South Korea and China on
Slide 22: Outlook 2017
Outlook 2017 Umicore expects full year recurring EBIT to be at the high end of the previously guided range of € 370 million to € 400 million assuming current market conditions continue to prevail. Excluding discontinued operations, this equates to the high end of a range of € 355 million to € 385 mi
Slide 23: Outlook 2017
Outlook 2017 ENERGY & SURFACE CATALYSIS RECYCLING TECHNOLOGIES • Patterns observed in the • Higher volumes for • Higher volumes as a result first half year expected to Rechargeable Battery of the capacity ramp-up in continue Materials on the back of Hoboken • Higher revenues for full surging custome
Slide 24: Annexes
. umicore materials -frr a Letter life Annexes
Slide 25: Business Group key figures 2015 & 2016
Business Group key figures 2015 & 2016 ENERGY & SURFACE CATALYSIS TECHNOLOGIES 25
Slide 26: Business Group key figures 2015 & 2016
Business Group key figures 2015 & 2016 RECYCLING DISCONTINUED OPERATIONS 26
Slide 27: Financial calendar; Forward-looking statements
Financial calendar 9 February 2018 Full Year Results 2017 26 April 2018 Ordinary General Meeting of Shareholders 31 July 2018 Half Year Results 2018 Forward-looking statements This presentation contains forward-looking information Should one or more of these risks, uncertainties or that involves ris
Slide 28: Umicore
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