Wacker Chemie AG · XETR:WCH
Wacker Chemie — Shareholder Meeting (March 2021)
36 slides from Wacker Chemie's shareholder meeting presentation, Mar 16, 2021
Slide 1: Virtual Annual Shareholders' Meeting 2021
2021 VIRTUAL ANNUAL SHAREHOLDERS’ MEETING Wacker Chemie AG Bilanzpressekonferenz 2020 16. März 2021 0
Slide 2: The Coronavirus Pandemic Caused a Global Recession in 2020
THE CORONAVIRUS PANDEMIC CAUSED A GLOBAL RECESSION IN 2020 Real GDP trend by region – year-over-year change (%) World Europe -3.5 -7.5 Bilanzpressekonferenz 2020 16. März 2021 1
Slide 3: COVID: WACKER reacts flexibly and pragmatically
COVID WACKER reacts flexibly and pragmatically Shift handovers maintaining distance and with face masks Bilanzpressekonferenz 2020 16. März 2021 2
Slide 4: Group Sales Decline in 2020 Amid the Pandemic
GROUP SALES DECLINE IN 2020 AMID THE PANDEMIC Group sales -5 % € million 4,928 4,692 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 3
Slide 5: Net Result for the Year Positive and Triple-Digit
EBITDA Net result for the year NET RESULT FOR THE YEAR POSITIVE AND -15 % TRIPLE-DIGIT EBITDA slightly below last year’s level after adjusting for special income Special income € million 112 202 671 666 -630 2019 2020 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 4
Slide 6: Net Cash Flow Almost Quadrupled
Net cash flow Net financial debt NET CASH FLOW ALMOST QUADRUPLED >100 % -91 % Net financial debt near zero € million 698 714 184 68 2019 2020 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 5
Slide 7: Prudent Capital Expenditures
Capital expenditures PRUDENT CAPITAL EXPENDITURES -41 % CAPEX budget reflects economic challenges € million 380 224 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 6
Slide 8: Sharing the Company's Success with Shareholders
Dividend – SHARING THE COMPANY’S SUCCESS WITH SHAREHOLDERS Dividend per share Total dividend payout € 2.00 in Mio. € € 99.4 million Bilanzpressekonferenz 2020 16. März 2021 7
Slide 9: An Integral Part of Everyday Life
Product portfolio AN INTEGRAL PART OF EVERDAY LIFE WACKER’S product portfolio Bilanzpressekonferenz 2020 16. März 2021 8
Slide 10: WACKER Silicones
Sales EBITDA WACKER SILICONES Sales and EBITDA below the -9 % -19 % previous year’s level € million 2,453 2,244 479 388 2019 2020 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 9
Slide 11: WACKER Polymers
Sales EBITDA WACKER POLYMERS benefits from high demand -1 % +39 % and lower raw-material prices € million 1,315 1,299 271 194 2019 2020 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 10
Slide 12: Asia
ASIA Dispersions and dispersible polymer powders in Nanjing, China Bilanzpressekonferenz 2020 16. März 2021 11
Slide 13: WACKER Biosolutions
Sales EBITDA WACKER BIOSOLUTIONS increases sales +1 % +23 % and EBITDA € million 243 246 38 31 2019 2020 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 12
Slide 14: Vaccine Production
VACCINE PRODUCTION Amsterdam, Netherlands Bilanzpressekonferenz 2020 16. März 2021 13
Slide 15: Genopis Inc. renamed Wacker Biotech US
GENOPIS INC. renamed Wacker Biotech US Bilanzpressekonferenz 2020 16. März 2021 14
Slide 16: Photovoltaics
PHOTOVOLTAICS make a huge contribution to climate protection Solar energy is the most cost-effective, eco-friendly source of energy in the world Bilanzpressekonferenz 2020 16. März 2021 15
Slide 17: WACKER Polysilicon
Sales EBITDA WACKER POLYSILICON posts sales growth +2 % and improved operating EBITDA € million 57 5 780 792 -56 without special income 2019 2020 2019 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 16
Slide 18: Eco-Balance
Target for 2030 Target for 2050 10 % NEG. 100 % POSITIVE OR NEUTRAL 90 % POSITIVE OR NEUTRAL WACKER is systematically improving the ECO-BALANCE Goal: By 2050 of its products 100 % of our PRODUCTS to be sustainable Bilanzpressekonferenz 2020 16. März 2021 17
Slide 19: Conserving Production Resources
WACKER focuses on Specific Specific energy CO2 emissions consumption CONSERVING PRODUCTION -33 % -50 % RESOURCES TARGET 100 % 100 % TARGET 67 % 50 % 2012 2030 2007 2030 Bilanzpressekonferenz 2020 16. März 2021 18
Slide 20: Sustainability in the Supply Chain
WACKER is working on SUSTAINABILITY IN THE SUPPLY CHAIN 72 % Positive contribution to sustainability 90 % 100 % 66 % Goal: By 2050 2030 2050 100 % of our SUPPLIERS to be sustainable Bilanzpressekonferenz 2020 16. März 2021 19
Slide 21: RHYME Bavaria
RHYME BAVARIA Renewable Hydrogen and Methanol Bavaria Bilanzpressekonferenz 2020 16. März 2021 20
Slide 22: Shape the Future
Our efficiency program Our Socially responsible SHAPE THE goals workforce reduction FUTURE Become faster and more flexible Some 1,200 jobs to be cut by the end of 2022, around 1,000 of them in Germany Simplify complex processes and structures Voluntary program: nearly 500 phased-early-retirement Str
Slide 23: Training
TRAINING The key to tomorrow’s success 600 individuals in 24 occupations 31 trainees achieved a grade point average of 1.5 or better in 2020 Bilanzpressekonferenz 2020 16. März 2021 22
Slide 24: Life-long Learning
LIFE-LONG LEARNING Last year 61,000 advanced training courses of which 54,000 online Bilanzpressekonferenz 2020 16. März 2021 23
Slide 25: Prudent Capital Expenditures
Capital expenditures PRUDENT CAPITAL EXPENDITURES -41 % CAPEX budget reflects economic challenges € million 380 224 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 24
Slide 26: Strict Inventory Management
Inventories Net cash flow STRICT INVENTORY MANAGEMENT -10 % >100 % Net cash flow nearly quadrupled € million 980 698 880 184 2019 2020 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 25
Slide 27: Cash Is King
Liquidity at reporting date CASH IS KING WACKER strengthens its liquidity € million 1,338 545 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 26
Slide 28: Net Financial Debt
Ratio of net financial debt to EBITDA NET FINANCIAL DEBT at a low level Target corridor 0.9 0.1 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 27
Slide 29: Shape the Future: Annual Savings
SHAPE THE FUTURE Annual savings of € 250 million 250 >100 >50 2020 2021 2022 2023 Bilanzpressekonferenz 2020 16. März 2021 28
Slide 30: Pension Obligations
Pension provisions PENSION OBLIGATIONS Zero-interest policy remains a big challenge € million 2,713 2,275 2019 2020 Bilanzpressekonferenz 2020 16. März 2021 29
Slide 31: Pension System
PENSION SYSTEM Reform of retirement benefits system Our goals offers savings to the company and opportunities to employees Accrued pension entitlements to be preserved in full Switch from defined benefits to defined contributions Employer and employees to finance the system jointly with fixed contri
Slide 32: Q1 2021: High Demand in Nearly All Segments
Sales EBITDA Q1 2021 High demand in nearly all segments +14 % +42 % € million 1,360 246 1,198 174 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Bilanzpressekonferenz 2020 16. März 2021 31
Slide 33: Full-Year Forecast for Sales and EBITDA Raised
FULL-YEAR FORECAST FOR SALES AND EBITDA RAISED Sales likely to rise by a low-double-digit percentage EBITDA expected to be 15 to 25 percent higher than last year Strong demand in all divisions and higher polysilicon prices have a positive effect on business Bilanzpressekonferenz 2020 16. März 2021 3
Slide 34: Siltronic and GlobalWafers Are an Ideal Match
SILTRONIC AND GLOBALWAFERS ARE AN IDEAL Combining production sites MATCH in Europe, the USA and Asia meets growing demand Stronger market position – on an equal footing with leading competitors Broader customer base provides additional growth opportunities Bilanzpressekonferenz 2020 16. März 2021 33
Slide 35: WACKER Is Well Positioned for the Future
WACKER IS WELL POSITIONED FOR THE FUTURE Clear strategy Sound finances Sustainable products, processes and supply chains Close to our customers with the right products Bilanzpressekonferenz 2020 16. März 2021 34
Slide 36: Virtual Annual Shareholders' Meeting 2021
2021 VIRTUAL ANNUAL SHAREHOLDERS’ MEETING Wacker Chemie AG Bilanzpressekonferenz 2020 16. März 2021 35