Umicore's Sustainability and Financial Report
Capital allocation shift to accelerate
Doubling of capital employed subject to value creative returns
Average
Capital Employed
Catalysis
E&ST
Close to
Recycling
x 2
€ 4.4 bn
0.3
2,2
x 2
€ 2.2 bn
0,5
0,6
1,7
0,9
2015
2021
2026
Trend vector 2030 vs 2026
71 GROUP
→
7
2030
2030
E&ST in
% of average
Group Cap
Employed
2015
~ 1/3rd
2021
~ 50 %
2026
- 2/3rd
> 2/3rd
umicore
Close to doubling of average capital employed by
2026 (vs 2021) driven by Rechargeable Battery
Materials & Battery Recycling Solutions
Catalysis
stable base up to 2026 (incl. fuel cell investments);
significantly lower base as from mid-decade;
substantial working capital release anticipated
E&ST
grow to appr. 2/3rd of group capital base driven by
Rechargeable Battery Materials expansion
Recycling
increase in capital base through large scale Battery
Recycling plant & ESG investments in Hoboken
Further growth beyond 2026 depending on
growth pace in Rechargeable Battery Materials
and Battery Recycling Solutions
Group totals include Corporate. Capital Employed sensitive to prevailing metal prices through NWC. Projections assume gradual
normalization of PGM prices and battery material metal prices in line with 2021 average price.
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