Umicore's Sustainability and Financial Report

Metal price exposure Direct: through metal yield Indirect: through raw material availability Managing the effects of metal price movements on earnings Systematic hedging of transactional exposure umicore Ag|Au Pt Ir Rh In Sb As Ru Pd Te Sn Pb Bi Cu Ni Se Depending on market conditions hedging of (part of) structural metal price exposure through contractual arrangements Impact on working capital is mitigated by toll-refining - metals remain property of the supplier during treatment 87

View entire presentation