Umicore Sa Ord New

Hello and welcome to the Umicore Full Year 2024 results. My name is Sadiq and I will be your coordinator for today's event. Please note, this call is being recorded and for the duration of the call, your lines will be on listen-only mode. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keypad to register your question. If you require assistance at any point, please press star zero and you will be connected to an operator. Today, we have Bud Saab, CEO, and once before on CFO as your presenters. I will now hand you over to your host, Bud Saab, to begin today's conference. Thank you.

Hello, good morning, everyone, and welcome to our full year results 2024 call. So today we have the following agenda for you available. First of all, we're going to look at some of the key figures and full year highlights. Then I'll go in a bit more of a business review. Juanos will come back with the financial review. Then I'll return with the outlook 2025. We'll wrap it up and then I look forward on the Q&A together with you. So let's have a look at the highlights of 2024. So revenues for the group came in at 3.5 billion euro. We had still an EBITDA of €763 million for the year. EBITDA margin 22%. Still a strong operational cash flow of €384 million. CAPEX came in at €555 million. Well below the new target we set of €650 million at the mid of the year. And there we said we were going to come in below that €650 million. We came in at €555 million. We have a return on capital of 12.3%. and a leverage ratio of 1.9 roughly. Now, if I have a first glance at our foundation businesses, and that I really, really would like to highlight that we have here a strong and robust performance of the foundation business. In catalysis, we are publishing EBITDA margins close to 26%, return on capital more than 40%, despite a slower internal combustion engine market. For recycling, Return on capital close to 80%.

EBITDA margins of 36%.