Siltronic AG: Siltronic adjusts forecast based on approval of greenfield investment at its site in Singapore


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

Siltronic AG
Einsteinstraße 172
81677 Munich
www.siltronic.com

Siltronic adjusts forecast based on approval of greenfield investment at its site in Singapore

Germany, Munich, July 27, 2021 - To support the strong demand of the tight semiconductor market, the Executive Board of Siltronic AG has decided to build a second 300 mm fab at its site in Singapore and the Supervisory Board today approved this investment. The project will support the strong market demand and expansion projects of important customers that cannot be served with current capacities. It is planned to secure the utilization of a large part of the new capacities through long-term agreements with prepayments.

Based on current planning, capex for this project will be around EUR 2 billion until the end of 2024. The project will be financed in particular by existing liquidity and free cash flow as well as customer prepayments, debt and - if required - equity measures.

Based on the good cooperation with the Economic Development Board in Singapore the study phase was finished quickly and construction of the new fab is planned to start already in 2021.

Furthermore, it was decided to expand Siltronic's German site in Freiberg which will increase crystal pulling and expitaxy capacities.

With these investments Siltronic's central R&D hub in Burghausen, providing technological support for the planned expansions, will be further strengthened.

Due to the expansion projects, capex is expected to raise from EUR 250 million to around EUR 400 million in 2021. The Executive Board now expects a decline in net cash flow compared to 2020 but it will stay slightly positive (so far: forecast of April 20, 2021: significant increase compared to 2020).

Additional information

ISIN: DE000WAF3001 / DE000WAF3019
WKN: WAF300 / WAF301
Deutsche Boerse: WAF
Trading: Amtlicher Markt (Prime Standard),
Frankfurter Wertpapierbörse

Contact:
Petra Müller
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 includes - in the applicable financial reporting framework not clearly defined - supplemental financial measures that are or may be alternative performance measures. These supplemental financial measures should not be viewed in isolation or as an alternative to measures of Siltronic's net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2020 of Siltronic AG.

This website uses cookies to ensure the best experience on our website and to analyze the use of the website. You can change the settings at all times in "Manage settings".

Cookies and related technologies on this site

Please select YES or NO for each category before submitting your selection!

Please select if this website may use cookies or related technologies such as web beacons, pixel tags and flash objects ("cookies") as described below. You can learn more about how this site uses cookies and related technologies by reading our privacy policy below.

Functional

These cookies guarantee the correct operation of the site. Also called consent-free cookies or first party cookies.

The providers using cookies on this site are listed below. Where possible, you can choose to allow certain cookies on this site.

Name Provider
Name: TYPO3 backend
Provider: Siltronic AG

Cookies that are required and set for the use of the TYPO3 backend access.

Name: User controlled
Provider: Siltronic AG

Cookies, which are required and set for the basic function of our site.

Name: Google Tag Manager
Provider: Google Ireland Limited

The Google Tag Manager manages the JavaScript and HTML tags required for the use of tracking and analysis tools. The Google Tag Manager does not set any cookies itself.

Analytical cookies

These cookies collect anonymous information about how a website is used, e.g. how many visitors visit which pages. This is intended to improve the performance of the website and the user experience.

The providers using cookies on this site are listed below. Where possible, you can choose to allow certain cookies on this site.

Name Provider
Name: Google Analytics
Provider: Google LLC

With Google Analytics we collect anonymized user data that help us to improve the user experience on our website. To do this, we analyze usage statistics, e.g. Pageviews and clicks.