Slide 1: Q3 2024 sales
Q3 2024 sales Luc Themelin Thomas Baumgartner October 23, 2024
Slide 2: Record sales in a challenging environment
Record sales in a challenging environment RECORD 9-MONTH SALES SLOWDOWN IN GROWTH IN Q3 2024 FY GUIDANCE REVISED €933 m Decrease in solar Good performance in traditional markets (rail, aeronautics, chemicals, process Slowdown in the Si industries) semiconductors market Temporary slowdown in solar Lo
Slide 3: Record sales for the 9 months
Record sales for the 9 months €933m Organic growth +3.7 % 2021 2022 2023 2024 Reported sales in €m 3 2024 Q3 Sales - October 23th 2024
Slide 4: Organic growth across both segments and all regions
Organic growth across both segments and all regions ADVANCED ELECTRICAL MATERIALS POWER EUROPE €520 m €413 m Organic growth Organic growth €304 m Croissance organique +5.2 % +1.8 % + 3.4 % NORTH AMERICA €374 m ASIA-PACIFIC Organic growth €226 m SOUTH AMERICA + 4.5 % AFRICA Organic growth €29 m + 2.8
Slide 5: Slowdown in Q3, mainly in solar energy
Slowdown in Q3, mainly in solar energy 9% CHEMICAL + 34% 15% PROCESS INDUSTRIES TRANSPORTATION ++ ++ 309 M€ 19% ENERGIES 23% -- ELECTRONICS - 5 2024 Q3 Sales - October 23th 2024
Slide 6: Trends in growth markets
Trends in growth markets 9 months Sales Q3 2024 Trend Q4 2024 sales vs Q3 2023 vs Q4 2023 RENEWABLE High level of inventories (solar cells in ~€110m -- -- ENERGIES China) SI SEMICONDUCTORS - -/-- Inventory level in the value chain will reach MANUFACTURING ~€40m its low point in Q4. SIC SEMICONDUCTOR
Slide 7: Acquisition of KTK Thermal Management Team in the US
Acquisition of KTK Thermal Management Team in the US Expert in the design and manufacturing of cooling plates in the USA 40 people based in Macedon, NY Annual sales of ~ USD 8m Consolidation of North American cooling expertise at the new KTK Thermal Technologies (US) site 7 2024 Q3 Sales - O
Slide 8: Optimization measures set to accelerate
Optimization measures set to accelerate Completed or underway Cost and gain Disposal of an activity in carbon brushes for rail in China €12 m cash cost + €8 m Stop production of unprofitable product lines on 2 plants (China, non-cash (D&A) booked in India) 2024* Closure of a workshop in the Ne
Slide 9: 2024 guidance revised; 2027 target confirmed
2024 guidance revised ; 2027 target confirmed ORGANIC SALES OPERATING MARGIN BEFORE CAPITAL EXPENDITURE GROWTH NON-RECURRING ITEMS Between 1% and 2% Between 10% and 10.5% Around €220m of sales – Lower demand in the – Negative volume effect semiconductor market (both compared to initial guidance SiC
Slide 10: Questions?
QUESTIONS ? 10 2024 Q3 Sales - October 23th 2024