Marc will present a strategic update on Horizon 2020 and highlight the intensifying megatrends driving Umicore’s key businesses, especially the accelerating shift to clean mobility.

1. Seoul, Korea
6 June 2018

2. 2
Powering
Marc Grynberg
Chief Executive Officer
SPEAKER
ahead

3. Our strategic journey
3
2015-2020
A balanced approach
M&A + organic growth with
focus on performance
2000-2010
Transformation
through M&A
2010-2015
Focus on
organic growth
and streamlining

4. In reality, our strategy is rolling out in sprints
4
2015-2020
A balanced approach
M&A + organic growth with
focus on performance
2015-2018
Streamlined portfolio
Simplification
Accelerated investments
Selected acquisitions
2018-2020
Organic growth
Massive acceleration

5. Our foundations have not changed
5
Supportive
megatrends
Industry leader in
sustainability
recycling
Unique business
model
more
stringent
emission
control
electrification of
the automobile
resource
scarcity

6. Our foundations have not changed
6
more
stringent
emission
control
electrification of
the automobile
resource
scarcity

7. Our foundations have not changed
7
more
stringent
emission
control
electrification of
the automobile
resource
scarcity

8. Finite quantities
of mineral resources
Megatrends have amplified
Resource scarcity continues to increase
8
more
stringent
emission
control
electrification of
the automobile
resource
scarcity
Spotlight has moved from
rare earths to cobalt and lithium
RESOURCE
SCARCITY

9. Our foundations have not changed
9
more
stringent
emission
control
electrification of
the automobile
resource
scarcity

10. Our foundations have not changed
10
more
stringent
emission
control
electrification of
the automobile
resource
scarcity

11. Megatrends have amplified
No tolerance for pollution
11
more
stringent
emission
control
electrification of
the automobile
resource
scarcity
CLEAN
AIR
After diesel scandal,
VW turns to new
leadership
& electric cars
Volkswagen recalls
8.5 million diesel
vehicles in Europe
COMMENTS
FROM THE PRESS
Dieselgate
New York Times, 15 Oct 2015
National Public Radio, 24 April 2018

12. Megatrends have amplified
No tolerance for pollution
12
more
stringent
emission
control
electrification of
the automobile
resource
scarcity
CLEAN
AIR
Groupe PSA
discloses vehicle
emissions in real
driving conditions
Europe Embraces
Real-World
Emissions Testing
COMMENTS
FROM THE PRESS
NGOs increase
pressure for real
driving emissions
testing
Transport & Environment, 6 March 2018
Wall Street Journal, 24 Sep 2015

13. Megatrends have amplified
No tolerance for pollution
13
more
stringent
emission
control
electrification of
the automobile
resource
scarcity
CLEAN
AIR
German top court
allows cities to
introduce diesel
driving bans
Oslo moves to ban
cars from city centre
within four years
COMMENTS
FROM THE PRESS
Bans on driving in
city centres
Clean Energy Wire, 27 February 2018
The Guardian, 19 Oct 2015

14. Megatrends have amplified
No tolerance for pollution
14
more
stringent
emission
control
electrification of
the automobile
resource
scarcity
CLEAN
AIR
Nissan, Toyota
to shift away
from diesel in
wake of emission
scandal
COMMENTS
FROM THE PRESS
Volvo ditches
diesel from all
new models
OEMs abandoning
diesel platforms
Forbes, 11 May 2018
Financial Times, 15 May 2018

15. Megatrends have amplified
No tolerance for pollution
15
more
stringent
emission
control
electrification of
the automobile
resource
scarcity
CLEAN
AIR
China 6 emission
standard to be
implemented
in 2020
Bharat Stage 6
policy: Diesel cars
could get priced off
the roads COMMENTS
FROM THE PRESS
New emission
norms such as
China 6 and
Bharat Stage 6
Gasgro, 11 May 2018
The Hindu, 15 Nov 2017

16. Our foundations have not changed
16
more
stringent
emission
control
electrification of
the automobile
resource
scarcity

17. Our foundations have not changed
17
more
stringent
emission
control
electrification of
the automobile
resource
scarcity

18. Megatrends have amplified
2012 EV models
18
more
stringent
emission
control
electrification of
the automobile
resource
scarcity
ELECTRIFIED
VEHICLES

19. Megatrends have amplified
2015 EV models
19
more
stringent
emission
control
electrification of
the automobile
resource
scarcity
ELECTRIFIED
VEHICLES

20. Megatrends have amplified
2018 EV models
20
more
stringent
emission
control
electrification of
the automobile
resource
scarcity
ELECTRIFIED
VEHICLES

21. Horizon 2020 as presented in 2015
21
Clear leadership
in clean mobility
materials and
recycling
Rebalanced
the portfolio
& earnings
contributions
Doubled
the size of the
business in
terms of earnings
Turned
sustainability
into a greater
competitive edge

22. 2018 (e) 2020 (e)
510 - 550
0
100
200
300
400
500
600
700
800
Doubled the size of the business
in terms of earnings
22
244
0
100
200
300
400
500
600
700
800
RECURRING EBIT*
view in 2015
Million of Euros
*excluding
discontinued
operations
RECURRING EBIT
Today’s view
Million of Euros
ROCE > 15%
+35-45%
vs original
2020 target
2014 2020

23. Horizon 2020 as presented in 2015
23
Clear leadership
in clean mobility
materials and
recycling
Rebalanced
the portfolio
& earnings
contributions
Doubled
the size of the
business in
terms of earnings
Turned
sustainability
into a greater
competitive edge

24. REBIT
DISTRIBUTION
PER SEGMENT
Recycling 
Energy & Surface
Technologies 
Catalysis 
Rebalanced the portfolio
& earnings contributions
24
2015 2017 2020

25. Horizon 2020 as presented in 2015
25
Clear leadership
in clean mobility
materials and
recycling
Rebalanced
the portfolio
& earnings
contributions
Doubled
the size of the
business in
terms of earnings
Turned
sustainability
into a greater
competitive edge

26. Turned sustainability
into a greater competitive edge
Metal
emissions
to water*
-41%
Reduced emissions and
energy consumption
despite growth
-69%
Metal
emissions
to air*
Energy
consumption*
-21%
26
Water
treatment
plant in
Hoboken
* Improvement vs
2015 benchmark
adjusted for intensity

27. Turned sustainability
into a greater competitive edge
27
*vs 2015
benchmark
Full alignment with the OECD Due
Diligence Guidance for Responsible Supply
Chains of Minerals from Conflict-Affected
and High-Risk areas
Responsible
and ethical supply

28. Horizon 2020 as presented in 2015
28
Clear leadership
in clean mobility
materials and
recycling
Rebalanced
the portfolio
& earnings
contributions
Doubled
the size of the
business in
terms of earnings
Turned
sustainability
into a greater
competitive edge

29. Clear leadership in clean mobility
materials and recycling
29
Hoboken
Recycling

30. Clear leadership in clean mobility
materials and recycling
30
Battery Recycling
Hoboken

31. Clear leadership in clean mobility
materials and recycling
31
Haldor Topsoe
and Ordeg
acquisition
Catalysis

32. Clear leadership in clean mobility
materials and recycling
32
Cheonan
Battery Materials

33. <
33
Record investments
€ 1.1 billion cathode material expansion

34. 34
ICE
Emission control
catalysts
(p)HEV
Battery materials
and emission
control catalysts
Fuel cells
Electro-catalyst and
battery materials
BEV
Battery materials
Unique position in clean mobility

35. Move to clean mobility
Diversified drive trains with larger and fewer platforms
35
FUTURE MIX HAS EVOLVED SINCE 2015
Less
diesel
More
electric
Larger
platforms
Fuel cells are
part of the mix
The certainty is diversity
Technological flexibility is the only answer to mixed challenges