Investor Presentation FY 2020
Pension reserves impacted by low IFRS interest rates
DBO and pension reserves, in EUR m
1,278
~850
USA mostly
funded
142 2.07%
147
3%
Germany
unfunded
217 0.69%
~140
3%
711
108
50
Tii
Funded through
Wacker
Pension Fund
919 0.69%
DBO Dec,
2020
-560 3%
DBO
@3%
553
Assets Dec,
2020
Comment
▸ DBO of EUR 1,278 million - assets of
EUR 711 million = EUR 567 million
Pension reserves @3% = DBO of EUR
~850 million – assets EURO 711 million
= EUR 139 million
-
➤ IFRS interest uses bond yields only,
assets include bonds, equity, real estate +
derivatives
▸ Wacker pension fund
▸ fully funded under German pension fund
regulations using 3.23% interest rate
▸ asset liability study: probability of return
in next 20 years:
≥3.5% 59%
≥3.0% 75%
≥2.5% 87%
(siltronic
perfect silicon solutions
Siltronic AG - Investor Presentation FY 2020
March 9, 2021
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