Jefferies Pan-EuropeanMid-Cap Conference
Thomas Dippold (CFO) I March 19, 2024
Content
- Our business model at a glance
- Transformation years 2021 and 2022
- Details on 9M 2023 results
- Current challenges and opportunities
- Fiscal year 2023
- Summary
- 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"
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Disclaimer
SGL Carbon SE published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2024 09:31:03 UTC.