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sgl carbon H1 results Investor & Analyst Conference Call Andreas Klein ( CEO ) and Thomas Dippold ( CFO ) Wiesbaden | August 6 , 2026
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2 Agenda 1. Details on H1 2026 2. Strategy and Outlook 2026
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3 H1 2026 in a nutshell Financials Business • Continuing low demand of high-margin products in GS, challenging order situation in PT • Contract amendments with semiconductor customers about future cooperation resulted in compensation payments for agreed purchase volumes of 28.7 mEUR • Successful restructuring of the carbon fiber business leads to margin increase in FC 394.2 mEUR Group sales minus 13.0% mainly impacted by discontinued business activities EBITDApre margin increased to 17.7% (H1 2025: 16.0%) Lower contributions from high margin products but positive impact of compensation payments EBITDApre minus 3.7% at 69.8 mEUR 79.3 mEUR net financial debt Leverage 0.6 Guidance confirmed Sales 720 – 770 mEUR EBITDApre 110 – 130 mEUR Growth 2030 Customer outreach in new markets confirms the potential for our materials
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4 Details on H1 2026 “H1 impacted by discontinued unprofitable businesses, lower high-margin sales and realignment of SiC customer relationships“ 1
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5 Discontinuation of unprofitable business activities in mid-2025, combined with continuing low demand, led to a decline in sales Group Sales (in mEUR) 69.8 72.5 H1 2026 H1 2025 394.2 453.2 H1 2026 H1 2025 -13.0% -3.7% Group EBITDApre (in mEUR) (-11.0% FX adj.) Key developments Group Sales • Loss of sales from discontinuation of unprofitable business activities (H1 2026 vs. H1 2025: ~50 mEUR) • Lower demand for high-margin products in GS, as well as challenging order situation in PT • Compensation payments for contractually agreed purchase obligations from GS customers (28.7 mEUR) EBITDApre • Significantly lower contributions from high margin products in PT • Earnings-affecting compensation payments result in EBITDApre margin increase to 17.7% (H1 2025: 16.0%)
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6 Graphite Solutions (GS) – Continued low demand and realignment of semiconductor customer contracts Sales (in mEUR) 46.6 40.8 H1 2026 H1 2025 234.1 221.2 H1 2026 H1 2025 +5.9% EBITDApre (in mEUR) Key developments Sales • Sales and EBITDApre include compensation payments of 28.7 mEUR resulting from amendments of supply contracts with semiconductor customers • Compensation payments offset contractually fixed purchase obligations for full year 2026 • Demand stabilization on a low level in other market segments EBITDApre • Advance payments from compensation agreements affect EBITDApre • Negative impact of price and currency effects • EBITDApre margin increase to 19.9% (H1 2025: 18.5%) +14.2%
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7 H1 2026 H1 2025 19.9 Sales (in mEUR) Process Technology (PT) – High dependence on the chemical industry impacting business performance EBITDApre (in mEUR) 50.4 70.2 H1 2026 H1 2025 -28.2% -63.3% Key developments Sales • Weak market situation and uncertainties are weighing on order placement of chemical industry customers • Postponement of maintenance and investment projects of chemical customers EBITDApre • Current market situation in the chemical industry affecting prices and margins • Margin decrease in H1 2026 to 14.5% (H1 2025: 28.3%) 7.3
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8 H1 2026 H1 2025 10.6 Fiber Composites (FC) – Restructuring is paying off Sales (in mEUR) 99.4 152.6 H1 2026 H1 2025 -34.9% 78.3% EBITDApre (in mEUR) Key developments Sales • Expected decline in sales due to the discontinuation of loss-making businesses as part of the Carbon Fibers restructuring in mid-2025 • Solid demand in remaining operating businesses EBITDApre • Restructuring of the carbon fiber business leads to significantly reduced cost structure • Clear improvement in the EBITDApre margin from 6.9% to 19.0% • BSCCB contributed 7.4 mEUR to the FC reporting segment (H1 2025: 4.7 mEUR) 18.9
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9 Return to a positive net result due to significantly lower costs associated with last year's restructuring Key figures (in mEUR) Net result Key developments • Increase in net result in H1 2026 – last year impacted by restructuring of CF • Free cash flow strong • Reduction of net financial debt, leverage ratio at 0.6 (Dec. 31, 2025: 0.7) • Equity ratio at 39.7% (Dec. 31, 2025: 39.2%) • ROCE with 9.8% stable (Dec. 31, 2025: 9.8%) Net financial debtFree cash flow (FCF) 11.8 -31.4 H1 2026 H1 2025 31.4 7.3 H1 2026 H1 2025 98.9 June 30, 2026 Dec. 31, 2025 79.3
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10 2 Strategy and Outlook “SGL Growth 2030 on track – Guidance 2026 confirmed”
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11 More diversification leads to greater resilience • Talks with customers on adapting existing contracts and future collaboration successful • Positive market momentum in China • Successful market launch of novel coating products • Agreement with X-energy to expand nuclear graphite production capacities • Establishing and expanding customer relationships to supply heat-resistant material for rocket nozzles
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12 Customer outreach in new markets confirms the demand for our materials • Presentation of our materials and products at various trade shows • First prototype parts developed for drone projects • Initial sampling and bidding processes • Doubling our production volume as a supplier of materials for retrofit floor panels
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13 SGL is well on course to meet its 2026 targets GUIDANCE 2026 CONFIRMED SGL GROWTH 2030 ON TRACK SGL Growth 2030
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© Copyright SGL Carbon SE ® Registered trademarks of SGL Carbon SE Q&A © Copyright SGL Carbon SE ® Registered trademarks of SGL Carbon SE We are looking forward to your questions
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15 Financial calendar and IR contact details Financial calendar Contact Investor Relations SGL Carbon SE Söhnleinstrasse 8 65201 Wiesbaden/Germany Phone: +49 611 6029-103 E-mail: Investor-Relations@sglcarbon.com www.sglcarbon.com November 5, 2026 • Statement on the First Nine Months 2026 • Conference call for investors and analysts
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© Copyright SGL Carbon SE ® Registered trademarks of SGL Carbon SE Important Note This presentation contains statements relating to certain projections and business trends that are forward-looking, including statements with respect to SGL Carbon’s outlook and business development, including developments in SGL Carbon’s Graphite Solutions (GS), Process Technology (PT) and Fiber Composites (FC) businesses, expected customer demand, expected industry trends and expected trends in the business environment, statements related to SGL Carbon’s cost savings programs. You can generally identify these statements by the use of words like "may", "will", "could", "should", "project", "believe", "anticipate", "expect", "plan", "estimate", "forecast", "potential", "intend", "continue" and variations of these words or comparable words. These statements are no historical facts, but rather based on current expectations, estimates, assumptions and projections about SGL Carbon’s businesses and future financial results, and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve risks and uncertainties. These risks and uncertainties include, without limitation, changes in political, economic, legal and business conditions, particularly relating to SGL Carbon’s main customer industries, competitive products and pricing, the ability to achieve sustained growth and profitability in SGL Carbon’s Graphite Solutions (GS), Process Technology (PT) and Fiber Composites (FC) businesses, the impact of any manufacturing efficiencies and capacity constraints, widespread adoption of carbon fiber products and components in key end-markets of SGL Carbon, including the automotive and aerospace industries, the inability to execute additional cost savings or restructuring measures, availability of raw materials and critical manufacturing equipment, trade environment, changes in interest rates, exchange rates, tax rates, and regulation, available cash and liquidity, SGL Carbon’s ability to refinance its indebtedness, development of the SGL Carbon pension obligations, share price fluctuation may have on SGL Carbon’s financial condition and results of operations and other risks identified in SGL Carbon’s financial reports. These forward-looking statements are made only as of the date of this document. SGL Carbon does not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.