Umicore launches “Umicore 2030 – RISE”, its new strategic plan designed to accelerate value creative growth
Umicore will hold its Capital Markets Day for investors and analysts today at 09:00 BST/10:00 CEST. The event is being held in London and will also be streamed via live webcast, which can be viewed at: umikor capital markets day
Chief Executive Officer Mathias Midreich, along with colleagues from his Management Board, will unveil Yumicor’s new strategy “Eumicor 2030 – Rise”.
The strategy is based on the following key elements:
Continuity in Umicor’s strategic journey by building on its leadership in clean mobility materials and recycling achieved under the Horizon 2020 strategy
The strategy, driven by powerful mega-trends, particularly the rapid acceleration towards clean mobility, is expected to result in a threefold growth in Umicore’s addressable mobility market by 2030.
At the core of the strategy: a unique value proposition for clients to be a trusted transformation partner, supporting them on their sustainability journey
Execution of Strategy and Scaling-up Built on 4 RISE (Trusted Transformation Partners, Innovation and Technology Leaders, Sustainability Champions, Excellence in Execution) Implementation Pillars
Deliver profitable growth with sustained value creation in 2030 and beyond
Umicore CEO Mathias Midreich: “Our “Umicore 2030 – RISE” strategy is based on our proven ability to embrace megatrends, our strong market position, technology leadership and organizational excellence and will allow us to accelerate sustainable and profitable growth and be a net beneficiary of a changing world, Especially because of the rapidly moving dynamics change.
In line with our vision for sustainable development, we continue to build on our clear objective of producing “Materials for a Better Life” through businesses that create a more healthy planet and society while providing lasting value to our stakeholders. Shaping will help.
Umicore will be the net beneficiary of the changing world
Mobility change is accelerating and the transition to clean mobility is expected to triple by 2030. Through its complementary portfolio and presence across all drivetrain technologies, UMICOR is uniquely positioned to seize this growth opportunity.
Against this background, Umicore’s rechargeable battery material The activity is poised to deliver profitable growth by focusing on consolidating and further expanding its footprint in key areas. In Europe, Umicore will build on the benefits of its first movers through long-term customer partnerships and further expansion of the regional footprint along the CAM value chain. Based on ongoing customer qualifications, Umicore is preparing to establish a regional presence in North America across the CAM value chain by the end of 2025. Additionally, Umicore will strengthen its position in Asia through more diverse customer and platform exposure. Enabled by planned investments over this period, Rechargeable Battery Materials has the ambition to reach an adjusted EBITDA margin of approximately 20% in 2030. With increasing returns thereafter, Umicore expects to earn more than its cost of capital in this business unit shortly after 2026.
Based on its strong technology portfolio, Umicore’s Automotive Catalyst The activity is well positioned to further capture market value peaks and maximize business value through a continued focus on process efficiency and operational agility. The business unit has the potential to generate free cash flow of approximately €3 billion between 2022 and 2030, maintaining an adjusted EBITDA margin of approximately 20% over the period. In fuel cell catalyst, Umicor will leverage its leading technology and market position in PEM fuel cell catalysts to capture the growth in hydrogen-based mobility. To meet rapidly growing customer demand, Umicore will expand its PEM-catalyst mass production capabilities with a greenfield plant in China, which will be commissioned in 2024. The plant would by that time be the largest fuel cell catalytic plant in the world.
As a leader in battery recycling and through its differentiated pyro-hydro technology, Battery Recycling Solutions uniquely located in that market. Based on increasing customer demand, Umicore’s battery recycling capabilities will be significantly expanded in Europe, while expansion in North America is being analyzed. The strategic plan includes an investment of approximately €500 million in a large-scale battery recycling greenfield plant with a name-plate capacity of 150 kT, which deploys the latest developments in Umicore’s pyro-hydro flowsheet. Upon commissioning of the plant in 2026, Umicore is expected to be the first company in Europe to comprehensively cover the full CAM value chain, in line with the EU’s objective of establishing a sustainable and circular EV battery ecosystem in Europe. contributes strongly.
precious metal refiningThrough its leadership in sustainable and complex recycling, it continues to create sustainable value with an EBITDA margin of over 35% and continues to generate substantial cash flow even at normal PGM (Platinum Group Metals) prices.
Group’s financial ambitions: Sustainable value creation by balancing growth, returns and cash flow throughout the plan
Revenue likely to more than double by 20301
Full Period Adjusted EBITDA Margin > 20%
Receive cost-of-capital benefits throughout the plan, targeting 15% ROCE by 2030
A phased investment of approximately €5 billion between 2022 – 2026, with battery recycling and rechargeable battery materials accounting for the bulk, subject to value constructive agreements
Attractive free cash flow generation at the group level in the latter half of the decade.
stability in origin
One pillar of Umicore’s “Let’s Go for Zero” sustainability ambitions is a plan to reduce its impact on the climate. Ahead of its recently unveiled ambition of achieving net zero Scope 1 and 2 GHG emissions by 2035, Umicor is now setting an ambitious target for its Scope 3 emissions to drive decarbonization across the value chain: CO2/ 42% reduction of tonnes of material purchased by 2030
Join Umicore’s Capital Markets Day 2022 Live
Date: Wednesday, 22 June 2022
Time: 09:00 BST / 10:00 CEST
Click to register for the webcast: Here
For Q&A, participants will have the possibility to send written questions through webcast platform directly during the programme. It will not be possible to ask questions over the phone.
Umicore Capital Markets Day presentations will be made available on Capital Markets Day website on 22 June 2022 https://capitalmarketsday.umicore.com/en/agenda/
This press release contains forward-looking information that involves risks and uncertainties, including statements regarding Umicore’s plans, objectives, expectations and intentions. If one or more of these risks, uncertainties or contingencies materialize, or any implied assumptions prove to be false, actual results could differ materially from those anticipated, expected, anticipated or projected. Readers are cautioned that forward-looking statements involve known and unknown risks and are subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond Umicore’s control. As a result, neither Umicore nor any other person assumes any responsibility for the accuracy of these forward-looking statements.
for more information
Eva Beheghe +32 2 227 70 68 [email protected]
Adrian Raicher +32 2 227 70 68 [email protected]
Avellion Govarts +32 477 58 68 14 E[email protected]
Marjoline Shears +32 2 227 71 47 [email protected]
Caroline Jacobs +32 2 227 71 29 [email protected]
is umikor circular Materials Technology Group. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organized into three business groups: Catalysis, Energy and Surface Technology and Recycling. Each business group is divided into market-focused business units that offer materials and solutions that are at the cutting edge of new technological developments and essential to everyday life.
Umicore generates most of its revenue and devotes most of its R&D efforts to clean mobility materials and recycling. Umicore’s core goal of creating sustainable value is based on its ambition to develop, produce and recycle materials that fulfill its mission: materials for better lives.
Umicore’s industrial and commercial operations as well as R&D activities are located around the world in order to best serve its global customer base. The group generated revenue (excluding metals) of €4.0 billion (turnover of €24.1 billion) and employed 11,050 people in 2021.
Assuming a sequential PGM price normalization scenario and stable average 2021 battery metal prices