ANNUAL REPORT 2005 WACKER CHEMIE AG ... Employees (December 31) Number 14,434 14,688 – 1.7....

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Transcript of ANNUAL REPORT 2005 WACKER CHEMIE AG ... Employees (December 31) Number 14,434 14,688 – 1.7....

  • CREATING TOMORROW’S SOLUTIONS

    ANNUAL REPORT 2005 WACKER CHEMIE AG

    Wacker Chemie AG Hanns-Seidel-Platz 4 81737 Munich Germany Tel: + 49 89 62 79 - 0 Fax: + 49 89 62 79 -1770

    www.wacker.com AN N

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    * Not meaningful

    As a globally active chemical company with a wide range of state-of- the-art specialty products, WACKER holds leading positions in numerous industrial sectors. WACKER’s products are required in many high-growth, end-consumer markets. These include solar power, electronics, pharma- ceuticals and beauty care products. WACKER operates some 20 pro- duction sites worldwide, supplying over 3,500 products to more than 3,500 customers in over 100 countries. The Group is represented by sub- sidiaries and sales offi ces in over 28 countries in Europe, the Americas and Asia – including a strong foothold in China. WACKER’s operations are divided into fi ve business divisions: WACKER SILICONES, WACKER POLYMERS, WACKER FINE CHEMICALS, WACKER POLYSILICON and Siltronic.

    WACKER at a Glance

    2005 2004 Percent change

    RESULT Sales P million 2,755.7 2,504.3 + 10.0

    EBITDA P million 608.5 447.3 + 36.0

    EBIT P million 261.2 108.4 + 141.0

    Net result P million 143.9 – 11.4 n.m.*

    Cash fl ow from operating activities P million 452.9 367.4 + 23.3

    Net cash fl ow P million 155.8 147.2 + 5.8

    Research and development P million 146.9 151.8 – 3.2

    BALANCE SHEET Total assets P million 2,884.5 2,815.4 + 2.5

    Equity capital P million 936.2 912.1 + 2.6

    Equity ratio Percent 32.5 32.4

    Capital expenditures for property, plant, equipment and intangibles P million 304.4 356.6 – 14.6

    Depreciation on property, plant, equipment and intangibles P million 347.6 349.6 – 0.6

    EMPLOYEES Payroll expenses P million 867.8 881.8 – 1.6

    Employees (December 31) Number 14,434 14,688 – 1.7

  • CREATING TOMORROW’S SOLUTIONS

    ANNUAL REPORT 2005 WACKER CHEMIE AG

    Wacker Chemie AG Hanns-Seidel-Platz 4 81737 Munich Germany Tel: + 49 89 62 79 - 0 Fax: + 49 89 62 79 -1770

    www.wacker.com AN N

    U A

    L R

    E P

    O R

    T 2

    0 0

    5 W

    A C

    K E

    R C

    H E

    M IE

    A G

    * Not meaningful

    As a globally active chemical company with a wide range of state-of- the-art specialty products, WACKER holds leading positions in numerous industrial sectors. WACKER’s products are required in many high-growth, end-consumer markets. These include solar power, electronics, pharma- ceuticals and beauty care products. WACKER operates some 20 pro- duction sites worldwide, supplying over 3,500 products to more than 3,500 customers in over 100 countries. The Group is represented by sub- sidiaries and sales offi ces in over 28 countries in Europe, the Americas and Asia – including a strong foothold in China. WACKER’s operations are divided into fi ve business divisions: WACKER SILICONES, WACKER POLYMERS, WACKER FINE CHEMICALS, WACKER POLYSILICON and Siltronic.

    WACKER at a Glance

    2005 2004 Percent change

    RESULT Sales P million 2,755.7 2,504.3 + 10.0

    EBITDA P million 608.5 447.3 + 36.0

    EBIT P million 261.2 108.4 + 141.0

    Net result P million 143.9 – 11.4 n.m.*

    Cash fl ow from operating activities P million 452.9 367.4 + 23.3

    Net cash fl ow P million 155.8 147.2 + 5.8

    Research and development P million 146.9 151.8 – 3.2

    BALANCE SHEET Total assets P million 2,884.5 2,815.4 + 2.5

    Equity capital P million 936.2 912.1 + 2.6

    Equity ratio Percent 32.5 32.4

    Capital expenditures for property, plant, equipment and intangibles P million 304.4 356.6 – 14.6

    Depreciation on property, plant, equipment and intangibles P million 347.6 349.6 – 0.6

    EMPLOYEES Payroll expenses P million 867.8 881.8 – 1.6

    Employees (December 31) Number 14,434 14,688 – 1.7

  • Focusing on Five Divisions

    SiltronicWACKER POLYSILICONWACKER FINE CHEMICALSWACKER POLYMERSWACKER SILICONES

    39

    4 5

    33

    17

    In the year under review, WACKER SILICONES generated some 39 percent of Group sales. As one of the world’s largest silicone producers, it has over 3,000 highly specialized and innova- tive products. Its portfolio ranges from silicone fl uids, emulsions, resins, elastomers and sealants to silanes and pyrogenic silicas. The division’s products stand out thanks to their considerable potential for adding value. Enhancing both the value and performance of customers’ end products, they fi nd application in such sectors as construction, chemicals, cosmetics, textiles, automotive, paper and electronics.

    WACKER POLYMERS accounted for some 17 percent of Group sales in 2005. The division is a leading producer of state-of-the-art binders and polymer additives in the form of redis - persible powders and dispersions, polyvinyl acetates, surface coating resins, polyvinyl butyrals and polyvinyl alcohol solutions. Its products are found in construction chemicals, binders, printing inks, surface coatings and in the paper and automotive sectors.

    In the year under review, WACKER FINE CHEMICALS generated some 4 percent of Group sales. The division manufactures both standard and customized fi ne chemicals based on advanced chemical and biochemical processes. Its products include acetylacetone, chiral synthetic building blocks, cyclodextrins, cysteine and pharmaceutical proteins. The division focuses on producing tailored solutions for growth sectors, such as pharmaceuticals, agrochemicals, cosmetics and food additives.

    WACKER POLYSILICON contributed some 5 percent to Group sales in fiscal 2005. It is one of the global leaders in the manufacture of hyperpure polysilicon. Its product portfolio also includes pyrogenic silicas, chlorosilanes and salt. The division’s polysilicon is used in the semiconductor industry and the growing photovoltaic sector. Thus, the polysilicon must comply with extremely rigorous quality stan- dards to meet customer specifi cations in these application areas.

    In fi scal 2005, Siltronic accounted for some 33 percent of Group sales. As one of the world’s largest producers of hyperpure silicon wafers for the semiconductor industry, it is a key supplier for most of the leading chip manufacturers. Focusing on the growing 300-mm wafer market, the division has reinforced its position thanks to its size, technology and high-quality products, as well as its high capacity utilization rates.

    Profi le Q million

    2005 2004 Percent change

    Total sales 1,119.3 1,045.4 + 7.1

    EBITDA 211.0 189.9 + 11.1

    EBIT 111.5 105.8 + 5.4

    R & D expenditures 33.4 33.1 + 0.9

    Employees

    (December 31) 3,596 3,596 ± 0

    Profi le Q million

    2005 2004 Percent change

    Total sales 473.8 424.9 + 11.5

    EBITDA 99.1 102.6 – 3.4

    EBIT 80.9 80.9 ± 0

    R & D expenditures 7.9 7.4 + 6.8

    Employees

    (December 31) 1,000 986 + 1.4

    Profi le Q million

    2005 2004 Percent change

    Total sales 110.5 103.3 + 7.0

    EBITDA 17.6 16.1 + 9.3

    EBIT 10.1 8.5 + 18.8

    R & D expenditures 6.1 5.9 + 3.4

    Employees

    (December 31) 321 311 + 3.2

    Profi le Q million

    2005 2004 Percent change

    Total sales 288.1 258.8 + 11.3

    EBITDA 90.2 74.5 + 21.1

    EBIT 66.2 46.7 + 41.8

    R & D expenditures 5.3 6.0 – 11.7

    Employees

    (December 31) 832 769 + 8.2

    Profi le Q million

    2005 2004 Percent change

    Total sales 925.0 813.7 + 13.7

    EBITDA 166.7 58.0 + 187.4

    EBIT 5.8 – 100.7 n.m.

    R & D expenditures 65.4 71.0 – 7.9

    Employees

    (December 31) 5,631 6,032 – 6.6

  • Focusing on Five Divisions

    SiltronicWACKER POLYSILICONWACKER FINE CHEMICALSWACKER POLYMERSWACKER SILICONES

    39

    4 5

    33

    17

    In the year under review, WACKER SILICONES generated some 39 percent of Group sales. As one of the world’s largest silicone producers, it has over 3,000 highly specialized and innova- tive products. Its portfolio ranges from silicone fl uids, emulsions, resins, elastomers and sealants to silanes and pyrogenic silicas. The division’s products stand out thanks to their considerable potential for adding value. Enhancing both the value and performance of customers’ end products, they fi nd application in such sectors as construction, chemicals, cosmetics, textiles, automotive, paper and electronics.

    WACKER POLYMERS accounted for some 17 percent of Group sales in 2005. The division is a leading producer of state-of-the-art binders and polymer additives in the form of redis - persible powders and dispersions, polyvinyl acetates, surface coating resins, polyvinyl butyrals and polyvinyl alcohol solutions. Its products are found in construction chemicals, binders, printing inks, surface coatings and in the paper and automotive sectors.

    In the year under review, WACKER FINE CHEMICALS generated some 4 percent of Group sales. The division manufactures both standard and customized fi ne chemicals based on advanced chemical and biochemical processes. Its products include acetylacetone, chiral synthetic building blocks, cyclodextrins, cysteine and pharmaceutical proteins. The division focuses o