Siltronic Ag · XETR:WAF

Siltronic — Siltronic Ag Ord — FY 2024 Earnings Presentation

17 slides from Siltronic's earnings presentation, Mar 6, 2025

  1. Slide 1: FY 2024 Financial Figures Set to Grow

    FY 2024 FINANCIAL FIGURES SET TO GROW Dr. Michael Heckmeier & Claudia Schmitt March 6, 2025 © Siltronic AG

  2. Slide 2: Key Messages of Today's Call

    KEY MESSAGES OF TODAY'S CALL 2024 guidance Navigating subdued achieved at upper end demand and set to grow Qualifications for the 2025 Guidance new fab expected by mid-2025 2 FY 2024 Conference Call Presentation © Siltronic AG

  3. Slide 3: Financial Figures – 2024 at the Upper End of Expectations

    FINANCIAL FIGURES – 2024 AT THE UPPER END OF EXPECTATIONS 1,413 523 Sales in EUR mn Capex in EUR mn -7% vs. FY 2023 FY 2023: EUR 1,316 mn 26% -297 EBITDA Margin Net cash flow in EUR mn FY 2023: 29% FY 2023: EUR -664 mn 2.10 734 Earnings per share in EUR Net financial debt in EUR mn FY 2023: EUR 6.15

  4. Slide 4: Navigating Soft Demand by Cost and Cash Program

    NAVIGATING SOFT DEMAND BY COST AND CASH PROGRAM Production Capex Focus on productivity and efficiency Clearly reduced due to progress of new Fab and strict capex control Labor Working Capital Direct headcount adjusted to reduced Close tracking and effective management output, indirect headcount prog

  5. Slide 5: We Are Prepared for Growth

    WE ARE PREPARED FOR GROWTH Close R&D strategy collaboration clearly driving innovations and technological advancements with the major semiconductor players Leading Edge New Fab Essential part of our strategy Focus on customer qualifications and ramp 5 FY 2024 Conference Call Presentation © Siltronic

  6. Slide 6: New Fab: Qualification Process Ongoing, Major Prime Qualifications Expected Around Mid 2025

    NEW FAB: QUALIFICATION PROCESS ONGOING, MAJOR PRIME QUALIFICATIONS EXPECTED AROUND MID 2025 Timeline for customer qualifications First test wafers Today produced Key low spec qualifications successfully completed Key prime qualifications expected Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 20

  7. Slide 7: FY 2024 Financials

    FY 2024 FINANCIALS 7 FY 2024 Conference Call Presentation © Siltronic AG

  8. Slide 8: P&L: FY 2024 – Resilient EBITDA Margin of 26%

    P&L: FY 2024 – RESILIENT EBITDA MARGIN OF 26% Profit & Loss, in EUR million Comments n 2024 2023 Q4 2024 Q3 2024 Sales o 2024 yoy: -7% due to a slight decline in prices, mix & wafer area Sales 1,412.8 1,513.8 360.6 357.3 o Q4 qoq: slight increase due to stronger US Dollar Gross profit 275.4 372.2 65

  9. Slide 9: FX Could Be a Potential Upside for 2025

    FX COULD BE A POTENTIAL UPSIDE FOR 2025 FX Exposure 2024, in % FX Impacts USD Sensitivity1, based on 2024 exposure and currency level (EUR/USD 1.08) Effect of a change EUR/USD ± 1 USD-ct o Sales EUR ± 11 mn o EBITDA EUR ± 8 mn (unhedged) >60% >80% USD Hedging strategy o Operational hedging ○ Strateg

  10. Slide 10: Balance Sheet: Increasing Fixed Assets, Equity Ratio 44%

    BALANCE SHEET: INCREASING FIXED ASSETS, EQUITY RATIO 44% Balance Sheet Composition Comments1 Dec 31, 2024 Dec 31, 2023 Fixed assets EUR +394 mn Assets, in EUR mn 5,084 4,505 o Further increase to EUR 3.9 bn, with a still elevated invest level clearly exceeding depreciation Fixed Assets 76% 77% Worki

  11. Slide 11: Significant YoY Reduction in 2024 Capex, With Further Cuts Planned for 2025

    SIGNIFICANT YOY REDUCTION IN 2024 CAPEX, WITH FURTHER CUTS PLANNED FOR 2025 Capex, in EUR million Capex 2025 1,316 Ongoing focus on new Fab in SGP 1,074 523 426 350 – 400 Capex CF Payments 2024/2025 188 clearly exceeding invest level 2020 2021 2022 2023 2024 2025 Chart not to scale 11 FY 2024 Confer

  12. Slide 12: Increase in Net Financial Debt Along with High Capex Payments

    INCREASE IN NET FINANCIAL DEBT ALONG WITH HIGH CAPEX PAYMENTS Net Financial Debt, in EUR million Net financial debt 356 Dec 31, 2023 Operating 345 cash flow Payments for -668 capex, net1 Change in net financial position Dividend EUR -378 mn payment -36 Others -19 Net financial debt 734 Dec 31, 2024

  13. Slide 13: Debt Repayment Starting in 2025

    DEBT REPAYMENT STARTING IN 2025 Debt financing instruments, Maturity profile of debt financing in EUR million in EUR million Prepayments Syn loan of EUR 57 mn expected 180 SGP to be refunded in 2025 310 Syn loan 200 ∑ 2028 2025 2026 2027 – 2032 1,560 EIB 200 65 105 250 1.140 SSD 390 SSD 280 Interest

  14. Slide 14: Outlook 2025

    OUTLOOK 2025 14 FY 2024 Conference Call Presentation © Siltronic AG

  15. Slide 15: Content Increase Drives 7% Growth in Silicon Area End Market

    CONTENT INCREASE DRIVES 7% GROWTH IN SILICON AREA END MARKET Consumption of wafers by end use Growth in demand for wafer area 2024, in % 2025 vs. 2024, in % Server Clear content growth Smartphones 22 4 due to AI PCs 14 5 Server 15 23 Smartphones Industrial 14 3 AI supports replace- ment and drives c

  16. Slide 16: 2025 Guidance

    2025 GUIDANCE Sales EBIT In the region of 2024¹, Significant decline yoy no growth expected, H1 25 high single digit below H2 24 EBITDA Margin Capex Between 22% and 27% Between EUR 350 and 400 mn Depreciation Net cash flow Between EUR 380 and 440 mn Significantly improved compared to previous year b

  17. Slide 17: Financial Calendar and Events; Investor Relations Contacts

    Financial Calendar and Events Mar 7, 2025 Mar 11, 2025 Mar 12, 2025 Mar 18, 2025 Mar 20, 2025 April 4, 2025 ODDO BHF TMT BNP Paribas UBS Technology, Stifel US Stifel Southern Münchner Forum (virtual) Exane TMT Media and Internet Roadshow Germany Summit, Kapitalmarkttage, Conference, London Conferenc

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