Umicore's Sustainability and Financial Report
Recycling
umicore
Strong margins, returns & cash flows and Battery Recycling kicking in mid-decade
€ 0.64 bn
700
adj EBITDA
+21 % CAGR
600
+14 % at 2020 rates
500
400
300
200
100
High single digit
CAGR at 2020 rates
Close to
€ 0.5 bn
|normalization well
above historical levels
Earnings dependent on assumed metal
prices but continue to generating superior
margins even at normalized PGM prices
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
2024 2025 2026
2021 actual reported adjusted EBITDA
at aver 2020 PGM prices
2026 assuming a gradual PGM price normalization scenario
2021
2026 ambition
2030 vision
Revenues
€ 1.11 bn
> € 1.0 bn
> € 1.0 bn
adj EBITDA
margin
€ 0.64 bn
close to € 0.5 bn
58 %
> 40 %
Battery Recycling
n.r.
in % of adj EBITDA
Includes substantial Battery Recycling
Solutions related development costs up
to 2025
Includes one initial large-scale battery
recycling plant, operational by 2026 with
full contribution by end of the decade.
Potential for additional growth
< 10 %
< 40 %
> 30 %
Sizeable additional
battery recycling
growth potential
Substantial free cash flow generation,
accelerating as from battery recycling plant
commissioning
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