Wacker Chemie (WCH) Investor presentation summary

Strategic direction and targets

• Aims to exceed €10bn in sales by 2030, focusing on margin and mix over volume.

• Targets EBITDA margin above 20% and ROCE at twice the cost of capital by 2030.

• Plans a 50% reduction in CO2e emissions and 100% of products meeting sustainability criteria by 2030.

• Emphasizes digitalization, automation, and regionalization to drive cost savings exceeding €100m annually.

• Maintains a flexible CapEx program of €500–800m per year, prioritizing profitable growth and sustainability.

Segment performance and growth

• Silicones segment focuses on specialty solutions, with 2024 EBITDA margin at 12% and strong innovation in smart construction and e-mobility.

• Polymers segment leads in VAE/DPP capacity, supporting sustainability trends and high construction standards, with a 2024 EBITDA margin of 13%.

• Biosolutions segment leverages biotech CDMO growth, with 2024 sales at €337m and a 9% EBITDA margin.

• Polysilicon segment maintains leadership in high-end semiconductors, with a 2024 EBITDA margin of 20% and focus on solar market opportunities.

Financial results and outlook

• 2024 sales reached €5.7bn with EBITDA of €763m and a 13.3% EBITDA margin.

• FY 2025 sales expected between €6.1–6.4bn, with EBITDA guidance of €700–900m.

• Dividend policy remains at 50% of net income, with a 2024 dividend proposal of €2.50 per share.

• Net financial debt/EBITDA targeted at ~1.0x, supporting financial flexibility.