WACKER CHEMIE AG CREATING TOMORROW'S SOLUTIONS
WACKER - Accelerating Proven Successes
Wacker Chemie AG
March 2024
Disclaimer
The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements and information contained in this presentation may relate to future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. In addition to statements which are forward-looking by reason of context, including without limitation, statements referring to risk limitations, operational profitability, financial strength, performance targets, profitable growth opportunities, and risk adequate pricing, other words such as "may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, or continue", "potential, future, or further", and similar expressions identify forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These include, among other factors, changing business or other market conditions and the prospects for growth anticipated by the Company's management. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein. Statements contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any statements contained in this presentation, whether as a result of new information, future events or otherwise. In particular, you should not place undue reliance on forward-looking statements, which speak only as of the date of this presentation.
Front page: WACKER presents its new LIOSIL® FC 3300 E silicone emulsion at the SEPAWA Congress. The product was developed as a highly efficient additive in household fabric softener formulations. Its silicone active ingredient makes clothes soft, absorbent and easier to iron.
@Wacker Chemie AG | 1 |
March 2024 | |
WACKER: At a Glance
Facts & Figures
€6.4bn | 15,725 |
Sales in 2023 | Employees |
€824m | 27 |
EBITDA in 2023 | Production Sites |
13% | 22 |
EBITDA margin | Technical Centers |
in 2023 | |
Business | Scientific |
4 Segments | 45 collaborations |
POLYSILICON | SILICONES |
No. 1 in semi | No. 2 |
Sales
FY 2023
POLYMERS | ||
No. 1 | BIOSOLUTIONS | |
OTHERS | ||
Leading in niches | ||
@Wacker Chemie AG | 2 |
March 2024 | |
SILICONES: At a Glance
The Fully Integrated | Sustainability Pull For | |
Specialty Supplier | Specialty Solutions | |
Customer's first choice for | Silicones with unmatched | |
innovative and customized solutions | performance & versatility | |
in all regions | Smart Construction, E-mobility, | |
Benchmark production and service | ||
Renewable Energy, Sustainable Raw | ||
close to customers | Materials | |
Financial Performance
16% | 22% | 9% |
€582m | ||
€304m | €236m | |
2013-17 | 2018-22 | 1 |
FY/23 |
SILICONES EBITDA (5 year avg.) EBITDA margin
@Wacker Chemie AG | 3 |
March 2024 | |
POLYMERS: At a Glance
VAE/DPP1 Capacity Leader | Pull from Sustainability and | |
with World Class Tandems | Smart Construction | |
Customized service to key accounts | Performance-based substitution in | |
and local champions in the regions | construction and binder markets | |
Addressing individual market | Lead transformation to high | |
requirements | construction standards | |
Innovation and in-depth formulating | Sustainability driven "plastic to | |
expertise | paper" trend | |
Financial Performance
17% | 16% | 16% |
€231m | €253m | |
€197m | ||
2013-17 | 2018-22 | FY/23 |
POLYMERS EBITDA (5 year avg.) EBITDA margin
1) DPP = Dispersible Polymer Powders VAE= Vinyl acetate-ethylene
@Wacker Chemie AG | 4 |
March 2024 | |
BIOSOLUTIONS: At a Glance
Fast Growing Biotechnology | Pull from Advanced |
Business | Medicine and Clean Food |
Leading microbial manufacturing | CDMO outsourcing trend with high |
technologies | potential |
Jump-started into advanced | Consumer focus on health and well |
medicines (mRNA, pDNA) | being trend |
Successfully acquired and integrated biotech sites
Financial Performance
16% | 10% | 2% |
€337m | ||
€227m | ||
€158m | ||
2012 | 2018 | FY/23 |
BIOSOLUTIONS Sales
EBITDA margin
@Wacker Chemie AG | 5 |
March 2024 | |
POLYSILICON: At a Glance
Leadership in High End | Pull from Rapidly Growing |
Applications Established | Semi and Solar Markets |
#1 Position in Semi - doubled | Strong growing chip demand |
volumes sold in past 5 years | High efficiency modules require high |
Market leader for high-endn-type | |
quality polysilicon | |
solar | Best-in-class sustainability |
Strong long-standing cooperation with customers
Financial Performance
33% | 26% | 20% |
€350m | €323m | €321m |
2013-17 | 2018-22 | FY/23 |
POLYSILICON EBITDA (5 year avg.) EBITDA margin
@Wacker Chemie AG | 6 |
March 2024 | |
Committed to Achieve 2030 Group Targets
Faster Growth, BolderStrategic Growth Projects
Moves, High Profitability | SILICONES: Specialties |
Sales: >€10bn | POLYMERS: Tandems (VAE+DPP) |
EBITDA Margin: >20% | BIOSOLUTIONS: Biologics |
Volume/Mix CAGR: 1.5 - 2x historic | POLYSILICON: Semi |
ROCE: 2x Cost of Capital |
Chemicals Financial KPIs
22% | 28% | 10% |
€815m | ||
€500m | €490m | |
20% | ||
17% | 11% | |
2013-17 | 2018-22 | FY/23 |
Chemicals EBITDA / Margin (5 year avg.) Chemicals ROCE
@Wacker Chemie AG | 7 |
March 2024 | |
2030 Targets - Capital Allocation Priorities
GROWTH | High-Return Growth CapEx | |
CapEx and M&A | Accelerate chemical capacities in all regions, diversified portfolio of downstream projects | |
Early-stage assets, create synergies in BIOSOLUTIONS; strengthen market position | ||
SHAREHOLDER | Strong Commitment to Shareholders | |
RETURNS | ||
Continued policy of ~50% payout of net income from continuing operations | ||
Dividends | ||
For FY 2023, dividend proposal of €3 per share in-line with policy | ||
PENSIONS | Initiatives Underway to Reduce Pension Deficit | |
Reform | ||
Modernization of our system to a fully funded defined contribution system, relevant for all new | ||
employees and everybody willing to switch over to it |
1
2
3
@Wacker Chemie AG | 8 |
March 2024 | |
Ambitious Sustainability Targets for 2030
Value Up
100% Productscriteria meet sustainability
Footprint Down
50% | Reduction in absolute GHG1 | ||
emissions (vs. 2020) | |||
15% | Reduction in specific water | ||
withdrawal (vs. 2020) | |||
15% | Reduction in specific energy | ||
consumption (vs. 2020) | |||
0 | Accidents | ||
Collaboration Beyond | |
Key suppliers meet | |
100% sustainability standards | |
25% | Reduction in absolute |
upstream GHG emissions | |
(vs. 2020) |
Extend World-class "Verbund" sites and circular economy
Clear Commitment to 1.5°C Paris Agreement | Net | |||||
Zero | ||||||
1) GHG = Greenhouse gas |
@Wacker Chemie AG | 9 |
March 2024 | |
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Wacker Chemie AG published this content on 18 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2024 10:21:56 UTC.
