SGL Carbon : ODDO BHF Forum - virtuell, 16. Januar 2024

SGL Carbon

ODDO BHF Forum 2024 (virtual)

Dr. Torsten Derr (CEO) I Wiesbaden I January 16, 2024

Content

1. Our business model at a glance
2. Transformation years 2021 and 2022
3. Details on 9M 2023 results
4. Current challenges and opportunities
5. Fiscal year 2023
6. Summary
7. Backup

2

1 Our business model at a glance

"Expert for products and solutions based on carbon and graphite"

Key figures 2022

SALES	EBITDA pre	Net financial debt
	BEFORE NON-RECURRING ITEMS

€1,135.9m	€172.8m	€170.8m
FY 2021: €1,007.0m	FY 2021: €140.0m	FY 2021: €206.3m

EMPLOYEESSITES

4,760	29 sites in
	Europe, North America, Asia

SGL business units - innovative, unique and leading in focus markets

Graphite Solutions		Process Technology		Carbon Fibers		Composite Solutions

• Tailor-madeproducts based on synthetic graphite
• Strategic supplier for premium
  Semiconductor ("Power electronics") as well as LED and
  Solar applications

• Equipment and know-how specialist for chemical industry to handle corrosive material

• Acrylic fibers, carbon fibers, textiles, prepregs, preforms
• Transformation from automotive supplier to wind energy and higher margin applications

• Tailor-madeproducts based on carbon- and glass fibers
• Specialist in automotive composite components e.g.
• • Battery cases for electric cars
  • Leaf springs

				Sales (FY 2022 mEUR)
512.2		106.3			347.2		153.1
				EBITDApre (FY 2022 mEUR)
118.5		9.9			43.2		20.0

5

Graphite Solutions: Strong growth potential in fast growing markets

Selected products

Wafer	Heater	Rigid / soft felt		Crucibles
Sealing	Graphit Anode Gas diffusion	Vacuum
materials	Material	layers	pumps

Strategy and Outlook

• Well established technology leader in fast growing markets, esp. SiC-based semiconductor
• Strong local/regional supply of critical components and technology
• Intense investment program to enlarge production capacity to fulfill market demand
• 2023e: Slight sales increase, but significant EBITDApre growth expected

Financials

in mEUR	9M	2022	2021	2020
	2023
Sales	418.4	512.2	443.6	407.5
EBITDApre	99.5	118.5	87.9	63.1
EBITDApre	23.8%	23.1%	19.8%	15.5%
margin

Slight change means ≤ 10% I significant change means > 10%

Split market segments 9M 2023

Transport
9.2%	Industrial
Battery	Applications
materials	30.6%
6.9%
Chemical
4.5%
Solar	Semiconductor
/ LED
3.7%
45.2%

Focus markets

Components	Electro-	Solar &
Semiconductor	mobility	LED
production
Fuel Cell	Battery
components	Solutions

6

Process Technology: Engineering competence enabling business performance

Selected products

Heat exchanger	Components	Column
		constructions

Column equipment

Strategy and Outlook

• Striving for growth based on comprehensive product portfolio and service offerings
• Focus on expanding its technological leadership role while continuously optimizing its cost position
• 2023e: Significant increase in sales and EBITDApre expected

Financials

in mEUR	9M	2022	2021	2020
	2023
Sales	95.7	106.3	87.2	88.2
EBITDApre	17.5	9.9	4.7	3.4
EBITDApre	18.3%	9.3%	5.4%	3.9%
margin

Slight change means ≤ 10% I significant change means > 10%

Split market segments 9M 2023

Chemical industry 100%

Focus markets

Chemical industry

7

Carbon Fibers: Strong competence in carbon fiber and intermediates manufacturing as well as carbon fiber innovations

Selected products

Carbon fibers Oxidized PAN fibers Textile fibers

Pre-impregnated material

Strategy and Outlooks

• Focus on growing markets like wind industry and attractive niche markets like pressure vessels
• Ongoing demand from automotive and aerospace industry as well as textile applications
• 2023e: Significant decrease in sales and EBITDApre expected due to full year effect of termination of i3 contract as well as drop in wind industry

Financials

in mEUR	9M	2022	2021	2020
	2023
Sales	179.6	347.2	337.2	303.9
EBITDApre	3.2	43.2	54.5	41.4
EBITDApre	1.8%	12.4%	16.2%	13.6%
margin

Slight change means ≤ 10% I significant change means > 10%

Split market segments 9M 2023

	Aerospace
Textile	2.8%
fibers
23.2%	Automotive
	27.0%
Industrial
Applications	Wind energy
19.2%
27.9%

Focus markets

Automotive	Wind industry Textile
	industry
Aerospace	Pressure vessels

8

Composite Solutions: excellent technology reputation in supplying high-volume solutions lead to growth perspectives

Selected products

Battery cases	Leaf springs	Car body components
Structural components	Wet friction materials

Strategy and Outlook

• Benefits from increasing number of new BEV and PHEV
• Growth with new automotive vehicle programs, high level of automation and by enlarging regional footprint (USA)
• 2023e: stable sales and slight increase in EBITDApre despite positive effects in previous year 2022 (3.7 mEUR)

Financials

in mEUR	9M	2022	2021	2020
	2023
Sales	114.3	153.1	122.5	88.6
EBITDApre	16.6	20.0	12.1	-4.7
EBITDApre	14.5%	13.1%	9.9%	-5.3%
margin

Split market segments 9M 2023

Industrial Applications 3.8%

Aerospace

1.5%Automotive

94.7

Focus markets

Electromobility Automotive Aerospace

Slight change means ≤ 10% I significant change means > 10%

BEV= Battery Electric Vehicle I PHEV = Plug-inHybrid Electric Vehicle

9

2 Transformation years 2021 and 2022

"All transformation targets

successfully realized within two

years"