Umicore : Mobility transformation – Capture profitable growth and create sustainable value in Rechargeable Battery Materials

06/22/2022 | 09:15am EDT

Mobility

Transformation

S P E A K E RRechargeable Battery Materials:

Ralph Kiessling	Capture profitable growth
and create sustainable value

Umicore Capital Markets Day 2022

Agenda

1.	2.	3.
Mobility	Rechargeable Battery	RISE 2030
transformation	Materials well positioned
driving	to capture profitable
accelerated	growth and create
demand for	sustainable value in fast-
cathode materials	growing market

Umicore Capital Markets Day 2022

Electrification increasing at fast pace, triggered by regulatory push and OEM commitments

Light-duty vehicles	Medium- and Heavy-duty vehicles
Proportion by powertrain	Proportion by powertrain
in global car production	in global car production
Source: Umicore market model	Source: Umicore market model

									34%
5%									BEV	2%									17%
																	BEV
BEV										BEV
20 21	20 22	20 23	20 24	20 25	20 26	20 27	20 28	20 29	20 30	20 21	20 22	20 23	20 24	20 25	20 26	20 27	20 28	20 29	20 30
		BEV		FC	PHEV		ICE only				BEV		FC	PHEV		CNG/LNG	ICE only
	BEV: battery electric vehicle
	FC: fuel cell vehicle					PHEV: plug-in (hybrid) vehicle
	CNG/LGN: Compressed natural gas / Liquefied natural gas	ICE: internal combustion engine (gasoline/diesel) only
																	Umicore Capital Markets Day 2022	3

Umicore chemistries addressing ~75% of total Light-duty EV CAM demand

Global CAM		2,400
demand (GWh)
LDV only -
Chemistry split	~25%
	CAGR
	1,300	~75%

400

		~25%
2022	2026	2030
	NMC/NCA, Manganese-rich	LF(M)P

Umicore addressable market, covering design- to-performance and design-to-cost applications

Evolving technologies reflecting car OEMs' need for performance- and cost-focused solutions

NM(C) chemistries (incl. Mn-rich) represent vast majority of EV CAM demand in 2030

Solid-state batteries expected to gain traction based on NMC, with a single digit market share expected

towards 2030

Source: Umicore market model

Umicore Capital Markets Day 2022

>20% annual market growth across all regions

CAM demand (GWh) across regions LDV only

EUROPE
1000
900		~25%
800
700		CAGR

600
500
400
300
200
100
0

2022	2026		2030
CHINA
1000		~25%
900

800		CAGR
700
600
500

400
300

200
100
0


2022	2026		2030

	NORTH AMERICA				Europe, China and

1000								North America
900

800				~22%			expected to represent
700
600					CAGR		~90% of total LDV
500
400								CAM demand
300
200
100

0

2022		2026		2030
REST OF THE WORLD				Ongoing
			regionalization
1000								of supply chain:
900

800								•	Geopolitical context
700				~32%

500						•	OEMs' sustainability
600
300					CAGR			considerations
400
100								•	Security of supply
200
0



2022		2026		2030

Source: Umicore market model

Umicore Capital Markets Day 2022

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Umicore NV published this content on 22 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2022 13:14:06 UTC.

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Umicore : Mobility transformation – Capture profitable growth and create sustainable value in Rechargeable Battery Materials

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