Investor Presentation Q3 2020
Pension reserves up due to lowest IFRS interest rate
in Germany in Siltronic history
DBO and pension reserves, in EUR m
1,256
-870
650
USA mostly
funded
146
2.41%
136
3%
104
Germany
unfunded
214 0.95%
150
3%
33
Funded through
Wacker
0.95%
3%
Pension Fund
896
585
513
(siltronic
Comment
▸ DBO of EUR 1,256m ./. assets of
EUR 650m = EUR 606m
▸ Pension reserves @3% = DBO of EUR
~870m ./. assets EUR 650m =
EUR-220m
▸ IFRS interest uses bond yields only;
assets include bonds, equity, real estate +
derivatives
▸ Wacker pension fund
▸ fully funded under German pension
fund regulations using 3.54% interest
rate
▸ asset liability study: probability of return
in next 20 years:
≥3.75% 56%
≥3.0% 80%
DBO Sept,
2020
DBO
@3%
Assets Sept,
≥2.5% 91%
2020
Siltronic AG - Investor Presentation Q3 2020
perfect silicon solutions
October 29, 2020
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