Stifel: German Corporate Conference May 15, 2024

Stifel

German Corporate

Conference

Thomas Dippold (CFO) I Frankfurt I May 15, 2024

Content

1. Our business model at a glance
2. Details on Q1 2024 results
3. Main growth segment: Semiconductors
4. Strategic Review Business Unit Carbon Fibers
5. Outlook 2024
6. Mid-termexpectations and summary

2

1 Our business model at a glance

"Expert for products and solutions based on carbon and graphite"

Summary FY 2023 and look into the future

Financials

Business

Outlook

1,089.1 mEUR

GS, PT and CS

Guidance 2024:

Group sales. 4.1%

Equity Ratio

with record

CF burdened by

collapse of

Sales on previous year level

down - driven by strong demand in GS, PT, CS -

at 41.1%

(31.12.2022:

38.5%)

performance in

2023demand in wind Capacities partly

High utilization

EBITDApre between 160 - 170 mEUR

but weak demand in CF

rates

idled

Mid-term plan:

115.8 mEUR

Slight decline of	net financial
EBITDApre by
debt. Further
2.5% to
reduction by
168.4 mEUR
32.2% since
	YE 2022

Encouraging development in SiC- based semiconductor business to continue

Focus on growth markets like semiconductor, renewable energy and e-mobility

Increasing demand for graphite components for SiC- based semiconductor industry

Higher investments to increase production capacities

2028 EBITDApre margin target ~19%-21%

4

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 2023 mEUR)
565.7		127.9			224.9		153.9
				EBITDApre (FY 2023 mEUR)
134.0		22.4			7.2		22.2

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
• 2024e: Slight sales increase, but significant EBITDApre growth expected

Financials

in mEUR	Q1	2023	2022	2021
	2024
Sales	141.3	565.7	512.2	443.6
EBITDApre	36.6	134.0	118.5	87.9
EBITDApre	25.9%	23.7%	23.1%	19.8%
margin

Slight change means ≤ 10% I significant change means > 10%

Split market segments Q1 2024

	Transport
Battery	9.6%
materials	Industrial
4.8%	Applications
Chemical	27.6%
4.1%
Solar
2.6%
	Semiconductor
	/ LED
	51.2%

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
• 2024e: Stable sales but slight EBITDApre decrease expected

Financials

in mEUR	Q1	2023	2022	2021
	2024
Sales	33.0	127.9	106.3	87.2
EBITDApre	6.9	22.4	9.9	4.7
EBITDApre	20.9%	17.5%	9.3%	5.4%
margin

Slight change means ≤ 10% I significant change means > 10%

Split market segments Q1 2024

Chemical industry 100%

Focus markets

Chemical industry

7

Carbon Fibers: Severely impacted by collapse of demand from wind industry and price pressure of commodity products

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
• Strategic review process for BU Carbon Fibers started in Feb. 2024
• 2024e: Sales at prior year level, EBITDApre to decline significantly

Financials

in mEUR	Q1	2023	2022	2021
	2024
Sales	57.6	224.9	347.2	337.2
EBITDApre	-5.2	7.2	43.2	54.5
EBITDApre	-9.0%	3.2%	12.4%	16.2%
margin

Slight change means ≤ 10% I significant change means > 10%

Split market segments Q1 2024

Aerospace

Textile3.2%

fibers

21.7%

Automotive

26.6%

Industrial

Applications

28.8%Wind energy

19.7%

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: Significant decline in sales, but only slight decline in EBITDApre

Financials

in mEUR	Q1	2023	2022	2021
	2024
Sales	37.1	153.9	153.1	122.5
EBITDApre	5.5	22.2	20.0	12.1
EBITDApre	14.8%	14.4%	13.1%	9.9%
margin

Split market segments Q1 2024

Industrial Applications 3.3%
Aerospace	Automotive
2.7%	93.9

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 Details on Q1 2024 results

"Q1 2024 development in line with

FY 2024 guidance"