ANNUAL PRESS CONFERENCE FOR 2015

Transcription

1 CREATING TOMORROW S SOLUTIONS ANNUAL PRESS CONFERENCE FOR 215 Dr. Rudolf Staudigl, President & CEO, March 17, 216 March 17, 216 Economic Output Increases across Every Region in 215 Worldwide GDP Trend by Region Actual Year-over-Year Change in % Worldwide 3.1 USA 2.5 Asia 5.8 China 6.9 India 7.6 Japan.6 Europe Germany ,. 1. 1, 2, , 4, , 6. 6, 7. 7, 8. 8, Sources worldwide: IMF, USA: IMF; Asia: ADB; China: National Bureau of Statistics; India: Central Statistical Office of India; Japan: IMF; Europe: IMF; Germany: Federal Statistics Office March 17, 216 1

2 Group Sales Grow to 5.3 Billion in , 4,826 +1% 5, , 2. 2, March 17, EBITDA of 1.5 Billion at Year-Earlier Level, with Net Income Rising Significantly ,25 EBITDA EBIT Net income for the year +1% 1,42 1, , % % 242 Special income from damages received and advance payments retained March 17, 216 3

3 Chemical Divisions Post Substantial Sales and EBITDA Growth 3, 3. 2, 2. 2, Sales +12% 3, EBITDA +38% , WACKER BIOSOLUTIONS WACKER POLYMERS WACKER SILICONES Sales figures are total sales, including internal sales March 17, Siltronic Lifts Both Sales and EBITDA Amid Difficult Conditions Sales EBITDA 1. 1, % % Sales figures are total sales, including internal sales March 17, 216 5

4 WACKER POLYSILICON s Sales Up Slightly, with EBITDA Clearly Below Last Year as Special Income Declines Sales EBITDA 1.2 1,2 +1% 1,49 1, % Special income from damages received and advance payments retained Sales figures are total sales, including internal sales March 17, Investments Up Markedly Due to Projects Net Cash Flow Slightly Positive Investments Net Cash Flow Net Financial Debt 1. 1, ,2 +46% % ,81-1% 1,74 March 17, 216 7

5 New Polysilicon Site Starts Up in Charleston Distillation columns Production building March 17, WACKER Supports Growing Customer Demand with Capacity Expansion in Germany and the USA New reactor for VAE dispersions in Calvert City (USA) New dryer for dispersible polymer powders in Burghausen (Germany) March 17, 216 9

6 WACKER Increases Sales in Every Region Sales () 2, , % 2,4 2,253 1, , % % 1,131 1,23 +17% % 21 Germany Rest of Europe The Americas Asia Other March 17, Employee Numbers Increase by 27 in 215 Number of employees, as of December , 16,73 16, , 4,337 4,721 Employees, international Employees, Germany 6, 6. 12,366 12,251 March 17,

7 Group Net Assets and Financial Position Are Sound Total assets as of Dec. 31, 215: 7.26 billion Highlights Equity ratio of 39 percent Fixed assets 68.4% Equity 38.5% Prepayments from customers of 45 million Inventories 1.8% Receivables 15.5% Cash / securities 5.3% Assets Provisions 27.5% Financial liabilities 2.% Liabilities / adv. payments received 14.% Equity and Liabilities Liquidity of 38 million Unused lines of credit of around 6 million March 17, Business Analysts Anticipate Somewhat Stronger Global Growth for 216 Worldwide GDP Trend in 216 by Region Actual Year-over-Year Change in % Worldwide 3.4 USA 2. Asia 6. China 6.7 India 7.8 Japan 1. Europe Germany , 1. 1, 2, 2. 3, 3. 4, , 6, , 8, , Sources worldwide: IMF; USA: OECD; Asia: ADB; China: ADB; India: ADB; Japan: OECD; Europe: OECD; Germany: IMF March 17,

8 WACKER Expects Chemicals to Post Sales and EBITDA Growth in 216 WACKER SILICONES Growth in medical technology, electronics and personal care WACKER POLYMERS Strong increases in dry-mix mortars and coatings WACKER BIOSOLUTIONS Marked gains in biologics March 17, The Photovoltaic Market Will Grow Further in 216 Installation of New PV Capacity in Megawatts Germany 1,4 1,5 1,3 1,5 Rest of Europe 7,7 9,1 6,7 8, USA 7,4 7,6 11, 14, Japan 9,7 1, 9, 9,5 India 2, 2,2 4,5 6, China 12,5 13,5 15, 17, Other regions 1,9 12,5 12,4 14,4 Total ~ 52, 56, ~ 6, 7, Sources: SPE, IHS, industry announcements, WACKER estimates March 17,

9 New Production Site in the USA and Efficiency Measures Will Lift WACKER s Annual Capacity to 8, Metric Tons by 217 Amount of Polysilicon Sold and Nominal Capacity in Metric Kilotons Nominal year-end capacity Amount sold e Start-up of Charleston facilities began on schedule and will be completed in Q3 216 March 17, Semiconductors Post Slight Sales Decline Due to Price Effects, with Marked Gain in EBITDA Producing a silicon monocrystal Wafer analysis March 17,

10 Group Sales Growth Expected to Continue in 216, with Net Income Likely to Be Lower Outlook for 216 Reported for 215 Outlook for 216 Sales () 5,296 Slight rise EBITDA () 1,49 Slight increase when adjusted for special income EBITDA margin (%) 19.8 Somewhat lower Net cash flow () 23 Markedly more positive Investments () 834 Around 425 million Net financial debt () 1,74 On a par with prior-year level Depreciation () 576 Around 72 million Net income for the year () 242 Substantially lower March 17, Siltronic s Operational Performance Is On Track Siltronic s Adjusted* Sales, EBITDA and Investments ( Million) Sales EBITDA EBITDA margin Investments Trends Sales and volumes grow amid persistent price pressure 3 millimeter-wafer business is robust 13% 13% Free cash flow markedly positive at 37 million 27 4% Net financial assets exceed 15 million * Proforma presentation, including Siltronic Silicon Wafer. The presentation of Siltronic as an independent group deviates from the segment presentation in the WACKER Group. March 17,

11 Global Success of Renewable Energy Continues Global Trend of Newly Installed PV Capacity in Gigawatts Renewable-Energy Investments in Emerging Economies in 214 (US$ Billion) 32 4 CAGR ~ 15 % India Africa Latin America US$126 billion Rest of Asia China e 216e Sources: SPE, IHS, industry announcements, Bloomberg New Energy Finance, Climatescope 215, WACKER estimates March 17, Price of Solar Silicon Stabilizes at Low Level Spot-Market Price of Solar Silicon (US$) % 15 1 Jan 13 Apr 13 Jul 13 Oct Okt 13 Jan 14 Apr 14 Jul 14 Okt Oct 14 Jan 15 Apr 15 Jul 15 Okt Oct 15 Jan 16 Source: PVInsights March 17,

12 Chemical Divisions Account for Two-Thirds of Group Sales and 5 Percent of EBITDA Chemical-Division Sales ( Billion) EBITDA % WACKER SILICONES Chemicals WACKER POLYMERS WACKER BIOSOLUTIONS 1.5 billion SILTRONIC WACKER SILICONES WACKER POLYMERS 215 Non-recurring effects for polysilicon WACKER POLYSILICON WACKER BIOSOLUTIONS March 17, CREATING TOMORROW S SOLUTIONS ANNUAL PRESS CONFERENCE FOR 215 Dr. Rudolf Staudigl, President & CEO, March 17, 216 March 17,