Sgl Carbon Se · XETR:SGL
Sgl Carbon — Sgl Group Ord — Q3 2024 Earnings Presentation
28 slides from Sgl Carbon's earnings presentation, Nov 7, 2024
Slide 1: Statement on the first nine months 2024
Statement on the first nine months 2024
Slide 2: Highlights 9M 2024
2 SGL Carbon 9M 2024 Highlights 9M 2024 Sales in the first nine months of the 2024 fiscal year down by 4.8% to €781.9 million compared to the same period of the previous year (adjusted to currency and portfolio effects: minus 3.6%) due to a decline in demand in the Carbon Fibers business unit and th
Slide 3: Financial Highlights 9M 2024
3 SGL Carbon 9M 2024 Financial Highlights 9M 2024 Nine months € million 2024 2023 Change Sales revenue 781.9 821.7 – 4.8% EBITDA pre 1) 127.6 130.0 – 1.8% EBITDA pre-margin 16.3% 15.8% +0.5%-points EBIT 68.3 39.5 72.9% Consolidated net result (attributable to shareholders of the parent company) 32.8
Slide 4: Content
4 SGL Carbon 9M 2024 Content Highlights 9M 2024 ......................................................................... 2 Balance Sheet Structure....................................................................... 10 Employees ....................................................................
Slide 5: Business Review
5 SGL Carbon 9M 2024 Business Review Key Events of the Business Development SGL Carbon evaluates strategic options for the business unit Carbon Discontinuation of R&D activities and closure of laboratory of Battery Fibers Solutions (Meitingen) – Reporting segment Graphite Solutions The Board of Mana
Slide 6: Business Development
6 SGL Carbon 9M 2024 Business Development Sales revenue by reporting segment 9M 2024 (9M 2023) Group Business Development 1.3% (1.7%) Corporate Condensed consolidated income statement 12.3% (13.9%) 52.8% (50.9%) Nine months Composite Solutions Graphite Solutions € million 2024 2023 Change Sales reve
Slide 7: Earnings situation of the Group
7 SGL Carbon 9M 2024 customer group in Q3 2024 (Q3 2024: €54.0 million) were slightly lower compared to Q3 Earnings situation of the Group of the previous year (Q3 2023: €63.7 million). After nine months, the Digitization market segment now represents 25.0% of Group sales (9M 2023: 23.0%). With 24.1
Slide 8: Reconciliation of adjusted EBITDA to EBIT
8 SGL Carbon 9M 2024 2024, which corresponds to a rise of 46.3% (9M 2023: €17.5 million). In turn, adjusted The following table shows the reconciliation of adjusted EBITDA to EBIT: EBITDA of Carbon Fibers decreased from €3.2 million in the first nine months of 2023 to minus €7.9 million in the repor
Slide 9: Financial result and condensed income statement
9 SGL Carbon 9M 2024 Financial result influenced by higher interest rates Condensed consolidated income statement (continued) Nine months Nine months € million 2024 2023 Change € million 2024 2023 Change Interest income 4.1 3.5 17.1% EBIT 68.3 39.5 72.9% Interest on financial liabilities and other i
Slide 10: Balance Sheet Structure
10 SGL Carbon 9M 2024 The €3.9 million decrease in current liabilities resulted from the €29.8 million reduction in Balance Sheet Structure trade payables, mainly due to the decline in production activities at Carbon Fibers; this was offset by the above-mentioned reclassification of the Term Loan Fa
Slide 11: Net financial debt/Free cash flow
11 SGL Carbon 9M 2024 Net financial debt/Free cash flow million compared to the same period of the previous year, less interest payments of €16.2 million and lease payments of €6.5 million. Together with the balance of borrowings and Net financial debt Free cash flow repayments of financial liabilit
Slide 12: Employees; Segment Reporting Graphite Solutions
12 SGL Carbon 9M 2024 Employees Segment Reporting As of September 30, 2024, the number of employees worldwide was down to 4,583 Reporting segment Graphite Solutions (December 31, 2023: 4,808). Due to the restructuring measures initiated at Carbon Fibers, the number of employees fell by approx. 70 in
Slide 13: Reporting segments Process Technology and Carbon Fibers
13 SGL Carbon 9M 2024 The reallocation of production capacities and the related change in the product mix led to Reporting segment Process Technology a corresponding decline in sales with LED customers. The same applies to the market segment Solar, which now accounts for just under 3% of the busines
Slide 14: Reporting segment Composite Solutions
14 SGL Carbon 9M 2024 year. The decline is in particular due to the continued restrained demand from the wind months of 2024 amounted to minus €26.6 million (9M 2023: minus €53.7 million, of which industry and the increasing competitive pressure due to global overcapacities. We have €44.7 million wa
Slide 15: Opportunities and Risks; Segment Corporate
15 SGL Carbon 9M 2024 Reporting segment Corporate Opportunities and Risks Nine months € million 2024 2023 Change Regarding the existing opportunities and risks, we generally refer to the detailed Sales revenue 10.3 13.7 – 24.8% statements made in the 2023 Annual Report, which we supplement as follow
Slide 16: Outlook
16 SGL Carbon 9M 2024 Group financial targets Outlook € million Actual 2023 Outlook 2024 Various developments in our sales markets influence the expected sales and earnings Sales revenue 1,089.1 at prior year level development of the business units. Due to our diversified business model, declines in
Slide 17: Selected Financial Information
17 SGL Carbon 9M 2024 Selected Financial Information Consolidated Income Statement 3rd Quarter Nine months € million 2024 2023 Change 2024 2023 Change Sales revenue 243.9 261.2 – 6.6% 781.9 821.7 – 4.8% Cost of sales – 197.3 – 201.5 – 2.1% – 605.3 – 638.5 – 5.2% Gross profit 46.6 59.7 – 21.9% 176.6
Slide 18: Consolidated Statement of Comprehensive Income
18 SGL Carbon 9M 2024 Consolidated Statement of Comprehensive Income 3rd Quarter Nine months € million 2024 2023 2024 2023 Net result for the period 3.6 15.5 33.4 5.8 Items that may be reclassified subsequently to profit or loss Share of investments accounted for At-Equity in other comprehensive inc
Slide 19: Consolidated Balance Sheet
19 SGL Carbon 9M 2024 Consolidated Balance Sheet ASSETS € million Sep 30, 24 Dec 31, 23 Change EQUITY AND LIABILITIES € million Sep 30, 24 Dec 31, 23 Change Goodwill 22.3 22.4 – 0.4% Issued capital 313.2 313.2 0.0% Other intangible assets 11.5 13.0 – 11.5% Capital reserves 1,067.8 1,067.8 0.0% Prope
Slide 20: Consolidated Cash Flow Statement
20 SGL Carbon 9M 2024 Consolidated Cash Flow Statement Nine months Nine months € million 2024 2023 € million 2024 2023 Result before income taxes 44.0 14.8 Payments to purchase intangible assets and property, plant & equipment – 66.5 – 59.1 Adjustments to reconcile the result before taxes for the pe
Slide 21: Consolidated Statement of Changes in Equity
21 SGL Carbon 9M 2024 Consolidated Statement of Changes in Equity Equity attributable to the shareholders of the parent company Accumulated losses Accumulated other comprehensive income Equity attri- butable to the Investments shareholders Non- Capital Accumulated Currency Cashflow accounted for Acc
Slide 22: Segment information 2024
22 SGL Carbon 9M 2024 Segment information Graphite Process Composite € million Solutions Technology Carbon Fibers Solutions Corporate Consolidation SGL Carbon Nine Months 2024 Sales revenue by customer industry Mobility 40.0 - 47.3 92.1 9.1 0.0 188.5 Energy 38.5 - 28.9 - - 0.0 67.4 Industrial Applic
Slide 23: Segment information 2023; Subsequent events
23 SGL Carbon 9M 2024 Graphite Process Carbon Fibers 4) Composite € million Solutions Technology Solutions Corporate Consolidation SGL Carbon Nine months 2023 Sales revenue by customer industry Mobility 38.6 - 53.5 109.9 7.3 0.0 209.3 Energy 44.1 - 35.8 - - 0.0 79.9 Industrial Applications 128.0 - 4
Slide 24: Other Information
24 SGL Carbon 9M 2024 Other Information Quarterly Sales Revenue and EBITDA pre by Reporting Segment 2023 2024 € million Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q1-Q3 Sales revenue Graphite Solutions 140.9 139.7 137.8 147.3 565.7 141.3 142.9 128.3 412.5 Process Technology 31.9 32.5 31.3 32.2 127.9 33.0 36.9 3
Slide 25: Quarterly Consolidated Income Statement
25 SGL Carbon 9M 2024 Quarterly Consolidated Income Statement 2023 2024 € million Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q1-Q3 Sales revenue 283.7 276.8 261.2 267.4 1,089.1 272.6 265.4 243.9 781.9 Cost of sales – 224.8 – 211.6 – 201.2 – 214.7 – 852.3 – 209.6 – 197.8 – 187.4 – 594.8 Gross profit 58.9 65.2 60
Slide 26: Financial Calendar; Investor Relations Contact
26 SGL Carbon 9M 2024 Financial Calendar Investor Relations Contact March 20, 2025 SGL Carbon SE Investor Relations • Publication of Annual Report 2024 Söhnleinstrasse 8 • Annual Press Conference 65201 Wiesbaden/Germany • Investor and analyst meeting (including conference call) Phone: +49 611 6029-1
Slide 27: Important Note
27 SGL Carbon 9M 2024 Important Note This interim report contains statements relating to certain projections and business trends products and pricing, the ability to achieve sustained growth and profitability in SGL that are forward-looking, including statements with respect to SGL Carbon’s outlook
Slide 28: SGL Carbon SE address
SGL Carbon SE Söhnleinstraße 8 65201 Wiesbaden/Germany Phone +49 611 6029-0 www.sglcarbon.com