Solvay Sa · EURONEXT:SOLB
Solvay Sa — Merger or Acquisition (March 2022)
21 slides from Solvay Sa's merger presentation, Mar 15, 2022
Slide 1: Exploring a separation into two independent publicly listed companies
Our SolvaLite™ composites are up to 40% lighter than metal, allowing manufacturers to create more energy-efficient vehicles that contribute to reducing CO2 emissions. Exploring a separation into two independent publicly listed companies Investor presentation March, 15 2022
Slide 2: G.R.O.W. strategy launched in 2019 drove a stronger Solvay today
G.R.O.W. strategy launched in 2019 drove a stronger Solvay today… Accelerate Growth • Accelerated innovation focused on 3 growth platforms: G Prioritize investments in high margin Materials businesses with high growth potential (most sustainable solutions) • Batteries, Thermoplastic Composites, Gree
Slide 3: Achieving mid-term targets 3 years ahead of plan
…Achieving mid-term targets 3 years ahead of plan 2020-2024 Target 2021 Performance Scorecard As of Nov-2019 Total since 2019 Underlying Mid single digit/ 8% Org vs. 2019 +4% CAGR in ‘19-’21, EBITDA growth year average growth 27% Org vs. 2020 despite Covid-19 crisis 2020-2024 >30% since 2020 FCF con
Slide 4: Significant progress on our Solvay ONE Planet ambitions
Significant progress on our Solvay ONE Planet ambitions Solvay Solvay ONE People Climate Solidarity Fund Dignity Employee engagement Achieved 11% emission 30 projects in 13 Increased diversity at the score 80% reduction in 3 years vs countries top with new leadership 6.6% for Paris Agreement To date
Slide 5: We are now 'Fit' and ready to change the game
We are now ‘Fit’… …and ready to change the game • Every business is delivering CHEMICALS • Solutions segment fully Optimized Resilient CASH • Strong financial foundation established • Best-in-class business leaders SOLUTIONS • Decisive, unified culture, with proven record in overcoming crises GROWTH M
Slide 6: Unlocking value through exploration of separation into two independent publicly listed companies
Unlocking value through exploration of separation into two independent publicly listed companies EssentialCo SpecialtyCo Resilient Cash Generation Accelerated Growth Potential Providing essential Providing innovative, €4.1B chemicals across attractive end markets €6.0B value-added solutions that sup
Slide 7: Two industry-leaders well positioned to...
Two industry-leaders well positioned to… Intensify focus on strategy and growth opportunities Prioritize resources to meet unique business needs Apply differentiated operating model to better serve customers Pursue distinct capital structures and capital allocation priorities Accelerate Solvay ONE P
Slide 8: Overview of envisioned transaction
Overview of envisioned transaction • Separation into two independent publicly traded companies via spin-off Structure • Expected to be tax efficient for a vast majority of shareholders in key jurisdictions • Expected to be completed in the second half of 2023 Timing & Approvals • Subject to general m
Slide 9: Market-leading Essential Chemicals across attractive and resilient end markets
EssentialCo Market-leading Essential Chemicals across attractive and resilient end markets MARKET POSITION €4.1B Soda Ash #1 Soda Ash (global) 2021 Net sales & Derivatives #1 Bicarbonate (global) Peroxides #1 Hydrogen Peroxide (global) Silica #1 Silica for tires (global) Others #1 Coatis (Latin Amer
Slide 10: An Essential Chemicals leader with resilient cash generation
EssentialCo An Essential Chemicals leader with resilient cash generation Resilient and attractive markets Global leadership positions in key segments in concentrated markets, driving strong & resilient cash generation Process technology leadership driving efficiency and cost competitiveness Supplier
Slide 11: Attractive end market opportunities, driven by key megatrends
EssentialCo Attractive end market opportunities, driven by key megatrends Megatrends Renewable energy Resource efficiency Sustainable resources Evolving demographics Market trends Building & Health & Auto Industrial construction Food & beverages environment • Energy efficiency • Longer lasting, • Rec
Slide 12: Set to focus on high asset utilization and maximizing cash and returns
EssentialCo Set to focus on high asset utilization and maximizing cash and returns Reinforce leadership positions with focus on process technology Drive operational excellence and enhance cost competitiveness Separation enhances cost competitiveness, maximizes cash Accelerate energy transition to le
Slide 13: Two business segments
SpecialtyCo Innovative, value creating & market-leading solutions that support a more sustainable world MARKET POSITION High-performance polymers; leading #1 position in thermoplastic composites €6.0B Specialty Polymers Three Growth platforms: ● Thermoplastic 2021 Net sales Two business segments MAT
Slide 14: A pure-play specialty leader with accelerated growth potential
SpecialtyCo A pure-play specialty leader with accelerated growth potential Attractive end markets supported by strong tailwinds from sustainability-driven megatrends #1 or #2 in all core markets, driving above market growth at superior returns and industry-leading margins Innovation leadership evide
Slide 15: Attractive end market opportunities, driven by key megatrends
SpecialtyCo Attractive end market opportunities, driven by key megatrends Megatrends Lightweighting Electrification Advanced Resource efficiency Naturalness & Evolving connectivity Sustainability demographics Market trends Transportation Auto/Aero Electronics Agriculture Consumer Healthcare • Emission
Slide 16: Positioned to accelerate growth and become an innovation leader
SpecialtyCo Positioned to accelerate growth and become an innovation leader Accelerate organic growth and become a pure-play market leader in Materials & Consumer markets Significant growth Intensify focus on customers and innovation and develop a opportunities through growing portfolio of sustainabl
Slide 17: Solvay to unlock greater value for the long-term
Solvay to unlock greater value for the long-term Establishes two strong industry leaders positioned to focus on distinctive business models, market and customer priorities Leverages strong foundation established with G.R.O.W. Strategy Management focus and strategic flexibility to drive even greater l
Slide 18: Q&A
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Slide 19: Disclaimer
Disclaimer Certain statements contained herein may be forward-looking statements including, but not limited to, the statements about the potential separation of Solvay (the “Company”) into EssentialCo and SpecialtyCo, as well as other statements that are predictions of or indicate plans, strategies,
Slide 20: Disclaimer
Disclaimer In addition, this presentation refers to certain non-IFRS financial measures (or alternative performance measures) used to analyze Solvay’s operating trends, financial performance and financial position and providing investors with additional information considered useful and relevant reg
Slide 21: Thank you.
Thank you. Investor Relations Shareholders services investor.relations@solvay.com shareholders@solvay.com Rue de Ransbeek, 310 Rue des Champs Elysées, 43 1120 Brussels, Belgium 1050 Brussels, Belgium Follow us on solvay.com