Siltronic adjusts guidance for the financial year 2024

EQS-Ad-hoc: Siltronic AG / Key word(s): Change in Forecast
Siltronic adjusts guidance for the financial year 2024

26-Apr-2024 / 13:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad-hoc announcement / Disclosure of an inside information according to
Article 17 MAR

Siltronic AG
Einsteinstraße 172
81677 Munich
www.siltronic.com

Siltronic adjusts guidance for the financial year 2024

Munich, Germany, April 26, 2024 - The Executive Board of Siltronic AG today
resolved to adjust the forecast for the financial year 2024. With our
customers' inventory levels remaining high and recovering at a slower pace
than originally forecasted, we are facing a further delay of the market
recovery. It is therefore expected that the impact of these elevated
inventory levels will determine the remaining year 2024, although visibility
remains limited.

As a result, we are affected by postponements of delivery volumes by our
customers, particularly in the second half of 2024. Although the
installation of the new 300 mm capacities is still on schedule and within
the budget, some customer qualifications will take place later in 2024 due
to the ongoing weak demand. These qualifications are relevant for the start
of the depreciation of the new fab, which is expected to be postponed to Q4
2024.

Against this background, the Executive Board expects the following
development for 2024:

  * Depending on the further development of the demand weakness, sales are
    expected to be roughly 10 percent below the previous year due to lower
    volumes and both slightly negative FX (EUR/USD 1.10) and price effects
    (previously: in the region of the previous year).

  * EBITDA margin expected to be between 21 and 25 percent (previously: in
    the region of the previous year and additionally burdened by up to 3
    percentage points due to ramp costs of the new fab).

  * Depreciation and amortization expected to be below EUR 300 million
    (previously: almost double y-o-y).

* The result is a significant decline in EBIT.

  * Capital expenditure including intangible assets is expected to be
    slightly below
    EUR 550 million (previously: below EUR 600 million).

  * Net cash flow will significantly improve compared to the previous year
    but will still be significantly negative.

Additional information:

ISIN: DE000WAF3001
WKN: WAF300
Deutsche Börse: WAF
Trading: Amtlicher Markt (Prime Standard), Frankfurter Wertpapierbörse

Contact:

Verena Stütze
Head of Investor Relations & Communications
Tel.: +49 (0)89 8564 3133
E-Mail: investor.relations@siltronic.com

Important Information

This adhoc announcement contains statements related to our future business
and financial performance and future events or developments involving
Siltronic that may constitute forward-looking statements. These statements
may be identified by words such as "expect," "look forward to," "anticipate"
"intend," "plan," "believe," "seek," "estimate," "will," "project" or words
of similar meaning. Such statements are based on the current expectations
and certain assumptions of the Siltronic-management, of which many are
beyond the control of Siltronic. These are subject to a number of risks,
uncertainties and factors. Should one or more of these risks or
uncertainties materialize, or should underlying expectations not occur or
assumptions prove incorrect, actual results, performance or achievements of
Siltronic may (negatively or positively) vary materially from those
described explicitly or implicitly in the relevant forward-looking
statement. Siltronic neither intends, nor assumes any obligation, to update
or revise these forward-looking statements in light of developments which
differ from those anticipated.

This document contains supplementary financial measures that are, or may be,
alternative performance measures not specifically identified in the
applicable financial reporting frameworks. For the purpose of assessing
Siltronic's financial position and performance, these supplementary
financial measures should not be used in isolation or as an alternative to
the financial measures presented in the consolidated financial statements
and determined in accordance with relevant accounting frameworks. Other
companies that present or report alternative performance measures with a
similar title may calculate them differently. Explanations of financial
measures used can be found in the Annual Report 2023 of Siltronic AG.


End of Inside Information

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   Language:       English
   Company:        Siltronic AG
                   Einsteinstr. 172
                   81677 Munich
                   Germany
   Phone:          +49 89 8564 3133
   Fax:            +49 89 8564-3904
   E-mail:         investor.relations@siltronic.com
   Internet:       www.siltronic.com
   ISIN:           DE000WAF3001
   WKN:            WAF300
   Indices:        MDAX, TecDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Stuttgart, Tradegate Exchange
   EQS News ID:    1890761

End of Announcement EQS News Service
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1890761 26-Apr-2024 CET/CEST