CREATING TOMORROW'S SOLUTIONS
WACKER - Specialties, Customer Focus and EfficiencyWacker Chemie AG
Wacker Chemie AG - Roadshow Presentation
May 2025 0
May 2025
Facts & Figures 2024
€5.7bn
Sales
13.3%
EBITDA margin
27
Production Sites
4
Segments
€763m
EBITDA
5.0%
ROCE
21
Technical Centers
16,637
Employees
POLYSILICON
No. 1 in semi
SILICONES
No. 2
Sales FY 2024
POLYMERS
No. 1
OTHERS
BIOSOLUTIONS
Leading in niches
Financial Performance
20%
17%
15%
€435m
€108m
€480m
Pull from Sustainability for Specialty Solutions
Silicones with unmatched
performance & versatility
Smart Construction, E-mobility, Renewable Energy, Electronics, Sustainable Raw Materials
The Fully Integrated Specialty Supplier
Customer's first choice for innovative and customized solutions in all regions
Benchmark production and service close to customers
2015-19 2020-24 Q112025
SILICONES EBITDA (5 year avg.)
Financial Performance
17%
16%
10%
€206m
€37m
Pull from Sustainability and Smart Construction
Performance-based substitution in
construction and binder markets
Lead transformation to high construction standards
Sustainability driven "plastic to paper" trend
VAE/DPP1 Capacity Leader with World Class Tandems
Customized service to key accounts
and local champions in the regions
Addressing individual market requirements
Innovation and in-depth formulating expertise
€252m
2015-19 2020-24 Q1 2025 POLYMERS EBITDA (5 year avg.)
1) DPP = Dispersible Polymer Powders VAE= Vinyl acetate-ethylene
Financial Performance
16%
9%
6%
€197m
€91m
Pull from Advanced Medicine and Clean Food
CDMO outsourcing trend with high
potential
Consumer focus on health and well being trend
Fast Growing Biotechnology Business
Leading microbial manufacturing
technologies
CDMO for advanced medicines (mRNA, pDNA)
Successfully acquired and integrated biotech sites
€375m
2015 2024 Q1 2025 BIOSOLUTIONS Sales
EBITDA margin
Financial Performance
23%
28%
12%
Capture Opportunities in Solar
Best-in-class sustainability &
regional differentiation
Fast market shift towards n-type technologies with highest quality requirements
Extend #1 Leadership Position in High End Semi
Leading edge design rules rely on perfect 3D architecture + perfect material
Quality & process stability critical for highest performance chips
Very high requirements = very high barriers to entry
€400m
€222m
€29m
2015-19 2020-24 Q1 2025
POLYSILICON EBITDA (5 year avg.)
Our 2030 Targets
Refining Our Strategy to Adapt to Changing Market Conditions Group 2030 Targets
Sales: > €10bn
Focus on margin / mix over volume ROCE: 2x Cost of Capital
EBITDA Margin: >20%
CO2e: -50% Emissions
CHEMICALS
Grow high-margin specialties &
capitalize on regional opportunities
EBITDA margin: > 20%
ROCE: > 2x cost of capital
BIOSOLUTIONS Leverage technology and fill new
capacities
EBITDA margin: > 25%
ROCE: >> 1x cost of capital
POLYSILICON Continue Semi expansion & capitalize
on regional solar prices
EBITDA Margin: > 30%
ROCE: > 2x Cost of Capital
Savings
> €100m p.a.
Digitalization & automatization Automation of production processes
Advanced process control and machine learning
Savings
> €75m p.a.
Specific initiatives 2024 - 2026 Focus on maintenance spend & processes
Reduce technical & indirect expenditures
Savings
> €25m p.a.
Regionalization as cost & efficiency driver Excellence hub, Czech Republic, centralize support services
Silicones site, Czech Republic, efficient production setup
Target CapEx split 2025-26
Sustainability/MoB
Growth
Cost/Efficiency
Flexible CapEx program709
€500-800m p.a.
666
547
344
2021
2022
2023
2024 2025e
Going Forward
Investments according to market environment
Diversified portfolio of downstream projects
- Growth
CapEx
CapEx > Depreciation
M&A
Earnings-accretive / early-stage bolt-ons
2) Shareholder returnsDividend policy unchanged
~ 50% of net income from continuing operations
2024 dividend proposal €2.50
Foundation: Strong balance sheet with solid capital structure
Financial flexibility
Net financial debt / EBITDA target at ~1.0x
Best practice management of climate related risks & opportunities CDP:
2024 Climate Change: A Score Water Security: A- Score
ISS ESG:Prime, Rating B-
MSCI:BB rating
Ecovadis:Top 5% of all companies rated
Sustainalytics: "Management of material ESG issues is strong"Value Up
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 |
100% Key suppliers meet sustainability standards |
Reduction in absolute 25% upstream GHG emissions (vs. 2020) |
Extend World-class "Verbund" sites and circular economy |
Products meet sustainability
criteria
100%
Clear Commitment to 1.5°C Paris AgreementNet Zero
1) GHG = Greenhouse gas
In €m | Q1 2025 | Q1 2024 | % YoY |
Sales | 1,478 | 1,490 | -1% |
EBITDA reported | 127 | 172 | -26% |
EBITDA-Margin | 8.6% | 11.6% | |
EBIT | 0.4 | 63 | -99% |
EBIT-Margin | 0.0% | 4.2% | |
Net income for the period | -3 | 48 | - |
EPS | -0.16 | 0.89 | - |
CapEx | 93 | 117 | -21% |
Net Cashflow | -165 | -126 | 31% |
Net Debt | 880 | 308 | >100% |
FY 2024
FY 2023Q1 2025
Q1 2024In €m / % SALES EBITDA
EBITDA MARGIN
SALES EBITDA
EBITDA MARGIN
SALES EBITDA
EBITDA MARGIN
SALES EBITDA
EBITDA MARGIN
Chemicals 4,269 542 12.7SILICONES 2,805 347 12.4
POLYMERS 1,463 194 13.3
BIOSOLUTIONS 375 35 9.4 POLYSILICON 949 193 20.4Others 144 -7 -
Consolidation -15 -1 -
4,321 490 11.3
2,741 236 8.6
1,580 253 16.0
337 7 1.9
1,599 321 20.0
162 8 -
-18 -1 -
1,105 145 13.1
745 108 14.5
360 37 10.4
91 5 5.8
245 29 11.7
40 -52 -
-3 0 -
1,083 137 12.6
710 81 11.4
372 56 15.0
72 5 6.4
300 43 14.5
39 -13 -
-4 0 -
WACKER Group 5,722 763 13.36,402 824 12.9
1,478 127 8.6
1,490 172 11.6
In €m | FY 2024 | Outlook 2025 | |
Sales | 5,722 | €6.1 - 6.4bn | |
EBITDA | 763 | €700 - 900m | |
EBITDA margin (%) | 13.3 | On par with last year | |
Net cash flow | -326 | Positive, substantially higher than last year | |
CapEx | 666 | Significantly lower than prior year, slightly above depreciation | |
Net Debt | 691 | On par with last year | |
Net Income | 261 | Significantly lower than prior year | |
Depreciation | 473 | Slightly higher than €500m | |
ROCE (%) | 5.0 | On par with last year | |
Tax Rate (%) | +1% | Around 20% |
2020 | 2021 | 2022 | 2023 | 2024 | 2030 Target | |
Net Zero | 100% | 93% | 87% | 72% | 76% | 100% reduction by 2045 |
Value Up | ||||||
Sustainable products | 83% | 89% | 90% | 94% | 94% | 100% of products meet defined sustainability criteria |
Diversity: Women in management | 17% | 19% | 21% | 21% | 23% | 33% of management positions held by women |
Regionalization: Management | 27% | 29% | 30% | 32% | 33% | 50% management positions outside Germany |
Footprint Down | ||||||
CO2e (Scope 1+2) emissions | 100% | 101% | 89% | 76% | 70% | 50% reduction in absolute CO2e emissions |
Energy consumption | 100% | 98% | 99% | 103% | 105% | 15% reduction in specific energy consumption |
Water withdrawal | 100% | 98% | 102% | 104% | 107% | 15% reduction in specific water withdrawal |
Collaboration Beyond | ||||||
CO2e (Scope 3) emissions | 100% | 86% | 80% | 62% | 70% | 25% reduction in absolute CO2e emissions |
Sustainable supply chain | 57% | 60% | 72% | 79% | 84% | 100% of key suppliers meet defined TfS criteria |
Health & Safety | ||||||
Chemical accidents with missed workdays1 | 3 | 4 | 10 | 2 | 5 | 0 days - reoccurring annual target |
Severe process safety incidents | 1 | 3 | 3 | 0 | 0 | 0 incidents - reoccurring annual target |
1) 2024: incidents per million work hours: 3.6 Target: <2
Si-Metal (€/mt)10,000
8,000
6,000
4,000
2,000
0
2021 2022
2023
2024
2025
Source: CRU, Si-Metal Spot FD Europe
Electricity (€/MWh)500
400
300
200
100
0
2021 2022
2023
2024
2025
Source: EEX, Baseload Front Contract Avg. Month
VAM (€/mt)4,000
3,000
2,000
1,000
0
2021 2022
2023
2024
2025
Source: ICIS, Contract FD NWE
Natural Gas (€/MWh)250
200
150
100
50
0
2021 2022 2023
2024
2025
Source: PEGAS, Front Contract Avg. Month
WACKER: Issuer, Contact and Additional Information
Issuer and Contact Financial Calendar
July 31, 2025 Q2 2025 Results
Oct. 30, 2025 Q3 2025 Results
INVESTOR RELATIONS CONTACTS
Joerg Hoffmann, CFA
Tel. +49 89 6279 1633 | joerg.hoffmann@wacker.com
Scott McCollister
Tel. +49 89 6279 1560 | scott.mccollister@wacker.com
Wacker Chemie AG
Gisela-Stein-Straße 1, D-81671 Munich investor.relations@wacker.com
PublicationsCREATING TOMORROW'S SOLUTIONS
FACTBOOK 2024
Additional InformationISIN DE000WCH8881
WKN WCH888
Deutsche Börse WCH
CUSTOMER MAGAZINE
FACTBOOKANNUAL REPORT & ESG DISCLOSURES
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Wacker Chemie AG published this content on May 14, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 14, 2025 at 14:34 UTC.
