Umicore's Sustainability and Financial Report
Catalysis
Committed to capture medium-term growth while driving efficiency & cash
Double digit CAGR
at 2020 rates
umicore
adj EBITDA
550
500
450
400
350
300
250
200
150
100
50
Close to
€ 0.5 bn
Mid single digit
CAGR 2021-2026
€ 0.4 bn
+15% CAGR
+12% at 2020 rates
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
2021 actual reported adjusted EBITDA
2026 assuming a gradual PGM price normalization scenario
at aver 2020 PGM prices
comparable vs 2026
< 30%
Substantial fuel cell
acceleration after 2030
Attractive medium-term growth from
car market recovery, final legislation cycle
and HDD expansion
Maintain margins above historical
average through continued operational
efficiency focus
Substantial free cash flows accelerating
as from mid-decade
Strong position in fuel cells with
meaningful growth contribution as from
mid-decade and material contribution as
from next decade
2021
2026 ambition
2030 vision
Revenues
€ 1.69 bn
adj EBITDA
€ 0.40 bn
margin
24 %
appr. € 2.0 bn
close to € 0.5 bn
> 20%
> 2021 and < 2026
Fuel cell catalysts
< 5%
< 10 %
in % of adj EBITDA
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