Annual Report 2022

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Creating tomorrow’s solutions

WACKER Communicates Closely with Capital Markets

Key elements of corporate strategy are sustainability and a focus on specialty chemicals. Continuous and open communication with institutional investors, private investors and analysts reinforces these priorities. By using state-of-the-art conferencing and communication technologies, we maintained and expanded our contacts with investors despite the coronavirus pandemic and associated travel restrictions. During our first hybrid Capital Market Day at the end of March 2022, we combined publicly accessible presentations on the internet with in-depth, alternating discussion panels involving participating analysts and division heads. The rest of the year was dominated by questions regarding the trend in prices for solar-grade polysilicon, initiatives for re-regionalizing the solar industry as well as the effects of higher energy, raw-material and logistics costs on the company. Additional topics included price increases for our products and the trend in demand for our chemical division products in the second half of 2022.

The number of analysts covering WACKER was 19, in line with the number in the previous year (2021: 20). The consensus price target of analysts for WACKER stock declined during the year. At the beginning of the year, the average price target for WACKER stock was €163.15 (20 estimates, January 2022). At year-end, the average price was €154.11 (18 estimates) and was 6 percent lower than at the beginning of the year.

Our website regularly reports consensus analyst expectations for the current year. It also offers extensive information on WACKER stock. In addition to the annual report, other financial reports, a Fact Book, presentations and publications (viewable online or downloadable), our website lists all our key financial calendar dates and contact persons for your questions. Videos of our annual press conference and other events are also available for online viewing or as an audio stream.

Hyperpure polycrystalline silicon from WACKER POLYSILICON is used for manufacturing wafers for the electronics and solar industries. To produce it, metallurgical-grade silicon is converted into liquid trichlorosilane, highly distilled and deposited in hyperpure form at 1,000 °C.