Slides
Page 1
1 9M 2026 results Wiesbaden I November 5, 2026 Andreas Klein (CEO) and Thomas Dippold (CFO) Investor & Analyst Conference Call
Page 2
2 Agenda 1. Details on 9M 2026 2. Strategy SGL Growth 2030
Page 3
3 SGL Carbon: 9M 2026 in a nutshell Financials Business • Q3 strongest operative quarter (without compensation payments) due to nuclear graphite business in GS and better product mix in FC • Contract amendments with semiconductor customers on future cooperation resulted in 2026 compensation payments for agreed purchase volumes of 30.4 mEUR 594.8 mEUR Group sales minus 8.9% mainly impacted by discontinued business activities EBITDApre margin increased to 17.9% (9M 2025: 16.6%) Positive impact of compensation payments and nuclear graphite ramp up EBITDApre minus 2.1% at 106.3 mEUR Update Guidance Sales: ~770 mEUR (before: 720 – 770 mEUR) EBITDApre: 130 – 140 mEUR (before: 110 – 130 mEUR) Growth 2030 Customer outreach in new markets confirms potential for our materials – new defense orders received
Page 4
4 Details on 9M 2026 “Strong Q3 and expectations for the coming months lead to guidance update“ 1
Page 5
5 Strong EBITDApre margin due to compensation payments and product mix change Group Sales (in mEUR) 106.3 108.6 9M 2026 9M 2025 594.8 652.9 9M 2026 9M 2025 -8.9% -2.1% Group EBITDApre (in mEUR) Key developments Group Sales • Loss of sales from discontinuation of unprofitable business activities in 2025 (9M 2026 vs. 9M 2025: ~50-60 mEUR) • Positive impact due to nuclear graphite ramp up • Ongoing challenging business situation in PT • Compensation payments for contractually agreed purchase obligations from GS customers (30.4 mEUR) EBITDApre • Lower contributions from high margin products in PT, but positive effect from product mix changes in GS and FC • Earnings-affecting compensation payments result in EBITDApre margin increase to 17.9% (9M 2025: 16.6%)
Page 6
6 Graphite Solutions (GS) – Realignment of semiconductor customer contracts and nuclear graphite ramp up Sales (in mEUR) 71.9 58.2 9M 2026 9M 2025 358.3 325.7 9M 2026 9M 2025 +10.0% EBITDApre (in mEUR) Key developments Sales • Positive effects from nuclear graphite business in Q3 and a slight increase in demand for semiconductor components in China • Sales and EBITDApre include compensation payments of 30.4 mEUR resulting from amendments of supply contracts with semiconductor customers EBITDApre • Advance payments from compensation agreements affect EBITDApre • Positive margin effect due to nuclear graphite ramp up • EBITDApre margin increase to 20.1% (9M 2025: 17.9%) +23.5%
Page 7
7 9M 2026 9M 2025 28.0 Sales (in mEUR) Process Technology (PT) – High dependence on the chemical industry impacting business performance EBITDApre (in mEUR) 74.0 102.4 9M 2026 9M 2025 -27.7% -60.0% Key developments Sales • Weak market situation and uncertainties are weighing on order placement of chemical industry customers • Postponements, particularly of large investment projects with more attractive margins EBITDApre • Current market situation in the chemical industry affecting prices and margins • Margin decrease in 9M 2026 to 15.1% (9M 2025: 27.3%)11.2
Page 8
8 9M 2026 9M 2025 17.8 Fiber Composites (FC) – Restructuring is paying off as well as improved earnings contribution from our BSCCB joint venture Sales (in mEUR) 147.0 210.5 9M 2026 9M 2025 -30.2% 61.2% EBITDApre (in mEUR) Key developments Sales • Expected sales decline due to the discontinuation of loss-making businesses as part of the Carbon Fibers restructuring in mid-2025 • Solid demand in continued operating businesses EBITDApre • Successful restructuring as well as product mix change has a positive impact on earnings and margin • EBITDApre margin improves from 8.5% to 19.5% • BSCCB contributed 10.9 mEUR to the FC reporting segment (9M 2025: 5.6 mEUR) 28.7
Page 9
9 38.0 12.5 9M 2026 9M 2025 -51.3 9M 2026 9M 2025 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 • Significant improvement in net income – last year impacted by restructuring of Carbon Fibers • Free cash flow strong • Reduction of net financial debt, leverage ratio at 0.6 (Dec. 31, 2025: 0.7) • Solid Equity ratio of 41.0% (Dec. 31, 2025: 39.2%) • ROCE with 10.1% stable (Dec. 31, 2025: 9.8%) Net financial debtFree cash flow (FCF) 98.9 Sept. 30, 2026 Dec. 31, 2025 78.5 31.3
Page 10
10 Sales (in mEUR) 850.2 720-770 ~770 2025 2026e old 2026e update 135.0 110-130 130-140 2025 2026e old 2026e update EBITDApre (in mEUR) Update Guidance 2026: Upside revision of sales and increase in EBITDApre forecast to 130 – 140 mEUR Reasons for Guidance update: • Successful ramp up of nuclear graphite business • Product mix change in Fiber Composites • Higher earnings contribution from Joint Venture BSCCB
Page 11
11 October 23 – Successful sale of Carbon Fiber site Moses Lake (USA) • Purchase price: 70 mUSD (2026: 45 mUSD and 2027 25 mUSD) • Disposal gain before transaction costs: 46 mUSD Increase of free cash flow forecast for 2026 to the amount of the first purchase price installment (45 mUSD) (previous guidance: on the 2025 level = 37.0 mEUR)
Page 12
12 2 Strategy “SGL Growth 2030 well established and gaining traction“
Page 13
13 SGL Growth 2030 – We've achieved a lot in just seven months • Production ramp up for nuclear graphite successful • Second X-energy order received, totaling 90 million USD • Expansion of nuclear customer portfolio expected • First orders for 2027 secured from new defense customers • Various composite prototype parts developed, e.g. for drone projects • Strong interest in serial production capabilities • Increasing demand for semiconductor components in China confirmed, SGL benefiting • Market introduction of new coatings and capabilities successfully ongoing • Increased supply of heat-resistant material for rocket nozzles • Cooperation with space start-ups for development of rocket nozzles
Page 14
14 SGL is well on course to meet its 2026 targets UPDATE GUIDANCE 2026 SGL GROWTH 2030 ON TRACK
Page 15
© 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
Page 16
16 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 March 18, 2027 • Publication of the Annual Report 2026 • Conference call for investors and analysts May 5, 2027 • Statement on the First Quarter 2027 • Conference call for analysts and investors May 20, 2027 • Annual General Meeting (virtual) August 5, 2027 • Report on the First Half Year 2027 • Conference call for investors and analysts November 4, 2027 • Statement on the First Nine Months 2027 • Conference call for investors and analysts
Page 17
© 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.