Solvay Sa · EURONEXT:SOLB
Solvay Sa — H1 2024 Earnings Presentation
8 slides from Solvay Sa's earnings presentation, Jul 31, 2024
Slide 1: First half-year 2024 results
First half-year 2024 results Media conference call July 31, 2024
Slide 2: With you today
YOU With you today Alexandre Blum Philippe Kehren Chief Financial Officer Chief Executive Officer 2
Slide 3: Second quarter 2024 results
Second quarter 2024 results Solid results and cash performance versus a record Q2 2023, driven by business resilience and cost savings initiatives € € € 1.2bn 272m 120m 17.6% NET SALES EBITDA FCF 1 ROCE 1 -6.7% organic yoy -17.2% yoy discipline on costs last 12 months +4.4% volumes +10% vs Q4 2023 a
Slide 4: Q2 2024 EBITDA
46 Q2 2024 EBITDA Sequentially up +10% versus Q4’23, +3% versus Q1’24, driven by continued positive volume momentum and lower fixed costs Solid costs savings delivery €46 m in H1 2024 Net sales % org. EBITDA % org. Margins % yoy Global €1.2bn -6.7% €272m -17.2% 22.8% -5.2pp Basic Chemicals €708m -6.3
Slide 5: Advancing rare earths to contribute to Europe's self sufficiency
Advancing rare earths to contribute to Europe’s self sufficiency ● Permanent magnets are essential to power EV, wind turbines and advanced electronics ● La Rochelle is today the leading site outside China, and the only one in Europe, able to process light and heavy rare earths at industrial level ● Re
Slide 6: Outlook update
Outlook update Expectations for 2024 Underlying EBITDA organic growth ranging between 01 -10% to -15% compared to 2023 restated (-10% to -20% previously ) 02 Free Cash Flow1 higher than €300 million (€260 million previously) 6 1 Free cash flow to Solvay shareholders from continuing operations
Slide 7: Q&A
7 &A Q&A
Slide 8: Contact
Contact [email protected] 8