Siltronic (WAF) investor relations material

Company overview and market position

• Employs 4,300 people globally with four world-class production sites and over 50 years in silicon technologies.

• Achieved €1.35 billion in sales and a 23.5% EBITDA margin in 2025.

• Only Western-based manufacturer among the top five global wafer suppliers, serving leading semiconductor producers.

• Well-diversified product mix across memory, logic, and power segments, with leading-edge supplier status.

• Recognized for technological leadership with multiple supplier awards from major industry players.

Growth drivers and industry trends

• Wafer demand expected to grow at a 5-6% CAGR, driven by 300 mm wafers.

• AI, digitalization, and electromobility are key megatrends fueling demand, especially in servers and automotive.

• Content per device is increasing, with new applications like smartwatches and wireless earphones emerging.

• Additional capacity in Singapore supports leading-edge customers and future growth.

• Investments in Freiberg have improved product mix and regional positioning in the EU semiconductor ecosystem.

Financial performance and outlook

• Completed a €273 million capital increase to support growth and strengthen the balance sheet.

• Maintains strong liquidity and a balanced debt maturity profile, with significant cash and securities.

• Capital expenditure reduced since 2023 peak, with steady-state capex expected at €200 million per year.

• 2026 sales guidance is low to mid-single digit below or slightly above 2025, with EBITDA margin between 20% and 24%.

• High discipline in cash, cost, and capital allocation, focusing on efficiency and ongoing product mix improvement.