Covestro : IR PräsentationTelefonkonferenz 2023 HJ
August 01, 2023 at 10:34 am IST
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Operating along trough levels
Financial Highlights
Q2 2023
covestro.com
August 1, 2023 │ Q2 2023 Earnings Call
0
Forward-looking statements
This presentation may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG.
Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates
given here. These factors include those discussed in Covestro's public reports, which are available on the Covestro website at www.covestro.com.
The company assumes no liability whatsoever to update these forward-looking statements or to adjust them to future events or developments.
1
August 1, 2023 │ Q2 2023 Earnings Call
Financial highlights Q2 2023
€3.7bn
€385m
€-10m
Sales
EBITDA
FOCF
FY 2023
~€50m
Guidance confirmed
3rd sub-tranche of
rather at lower half
share buyback
for all KPI's
accomplished
2
August 1, 2023 │ Q2 2023 Earnings Call
Thorsten Dreier succeeds Klaus Schäfer as CTO
Changes in Board of Management
DR THORSTEN DREIER
"Safe, sustainable, reliable - that is our goal"
CV
Nationality: German
Education: Chemist
With Bayer/Covestro for more than 20 years
Previous positions:
Head of Business Entity Coating & Adhesives
Head of Thermoplastic Polyurethanes
Head of Specialty Films
Head of CAS Production & Technology
AREAS OF RESPONSIBILITY
Engineering
Process Technology
Group Health, Safety and Environment
Group Procurement
Representation of Covestro in several industry associations
3
August 1, 2023 │ Q2 2023 Earnings Call
Digitalization and AI pushing sustainability
Covestro on the forefront of new data-driven technologies
DIGITALIZATION DRIVING SUSTAINABILITY
ARTIFICAL INTELLIGENCE RESHAPING CHEMICAL INDUSTRY
Automated calculation of environmental and carbon product footprint data through digital solutions
Covers cradle-to-gate and will be calculated for about 50,000 intermediates and finished products with gradual release of data until end of 2024
Data validation ongoing for compliance with ISO standards and "Together for Sustainability" (TfS) guideline
Digitalization drives sustainability improvement
leading to a circular economy
Covestro pioneers use of Artificial Intelligence (AI) data-driven decision making
AI could significantly simplify complex cross-divisional production planning
Generation and dissemination of ESG data sources could be strongly supported by AI
Co-operationof Covestro with peers like Bayer, Clariant, Shell, Wacker, Lanxess, Evonik and others on common challenges
Covestro pushes for use of AI both internally and in the chemical industry
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August 1, 2023 │ Q2 2023 Earnings Call
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Covestro AG published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 05:03:23 UTC.
Covestro AG is one of the world's leading manufacturers of polymer materials. Its products are primarily used in the automotive, construction, electronics, furniture and textile industries. Net sales break down by family of products as follows:
- specialty products (50.5%): raw materials for coatings, adhesives and films;
- performance materials (47.8%): polyurethanes (flexible polyurethane foam mainly used in furniture, mattress and car seat upholstery, and rigid polyurethane foam used in the composition of building and refrigeration equipment insulation) and polycarbonates (high-performance polycarbonates used in automotive components, roof structures and medical devices);
- other (16.3%).
At the end of 2023, the group operated 48 production sites around the world.
Net sales are distributed geographically as follows: Germany (12.1%), the United States (21.8%), China (21.4%) and other (44.7%).
COVESTRO AG 
