Umicore's Sustainability and Financial Report
Umicore Group earnings growth ambition
Secular earnings growth while maintaining attractive historical margins
2,000
adj EBITDA
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
Double digit CAGR
at 2020 rates
appr. € 1.5 bn
€ 1.25 bn
+18% CAGR
+13% at 2020 rates
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
umicore
Ambitious 2026 growth plan with
Rechargeable Battery Materials as
transformative factor and growth in Catalysis
Growth expected to be non-linear and
dependent on metal price trends
Substantial growth beyond 2026 from battery
materials, battery recycling and fuel cells
Attractive Group margins in line with historic
average (assuming normalized PGM prices)
Revenues
adj EBITDA
margin
2021 actual reported adjusted EBITDA
2026 assuming a gradual PGM price normalization scenario
at aver 2020 PGM prices
2021
2026 ambition
2030 vision
€ 4 bn
+€ 2.5 bn to € 3 bn
vs 2021
+€ 2.5 bn to € 3 bn
vs 2026
35%
30%
Adj EBITDA margin
€ 1.25 bn
31 %
appr. € 1.5 bn
25%
> 20%
> 20%
20%
Phased growth conditional upon
value creative returns from contracts
15%
Group margin profile
2021
31 %
24 %
Average
margins
2022-2030
10%
Adj EBIT margin
5%
0%
Group adj EBITDA includes Corporate adj EBITDA : from - € 52m in 2021 to appr - € 75m in 2026 and higher in 2030
All financial KPI's based on current Umicore reporting definitions
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
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