The following is a summary of the SGL Carbon SE (SGLFF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• SGL Carbon reported a decrease in sales by 4% to €538 million.

• EBITDA pre decreased by 1.7%, now at €86.5 million, yet EBITDA margin improved to 16.1%.

• Net financial results improved by approximately €40 million compared to the previous year, adjusting for a one-time impairment of €44.7 million in H1 2023.

• Free cash flow stands at €12.4 million, showing a positive result despite a slight decline.

Business Progress:

• Significant improvements in Graphite Solutions driven by the semiconductor and LED business, with a slight slowdown in growth to 13% year-on-year from 34% in Q1.

• Process Technology saw an 8.5% increase in sales to €69.9 million, supported by a strong order book and demand in parts and service business.

• Challenges persist in Carbon Fibers with a 12% sales decline and a shift to restructuring measures to mitigate losses.

• Composite Solutions faced a decline due to the termination of a profitable automotive contract, with expectations of some recovery through compensation payments.

Opportunities:

• Growth in silicon carbide and semiconductor markets, particularly linked to electric vehicles and renewable energy.

• Ongoing demand and a strong project pipeline in Process Technology.

Risks:

• Slowdown in certain business units such as Carbon Fibers and Composite Solutions.

• Economic impacts on industrial clients, affecting parts of the Process Technology segment.

• Potential fluctuations and moderated expectations in the semiconductor segment affecting Graphite Solutions.

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