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Annual report 2017

Annual report 2017

Supplements

Umicore at a glance

We are a global group focused on materials technology and recycling. Our work helps improve air quality, make electrified transport possible and tackle resource scarcity. Our three business groups address specific customer needs. Together, they complement each other, sharing knowledge and expertise. We have brought more focus to our portfolio of activities. Our three business groups are now composed of nine business units.

Experts in materials technology and recycling

We focus on applications where our expertise makes a real difference.

2,916m

Revenues

6%

R&D Expenditure

of revenues

410m

recurring ebit

1.22

recurring eps

per share

Revenues by geography
  • 45% Europe
  • 13% North America
  • 5% South America
  • 35% Asia-Pacific
  • 2% Africa
Resource efficiency
  • 38% Primary materials
  • 49% Secondary materials
  • 13% End-of-life materials

Making materials for a better life

We turn sustainability into a greater competitive advantage

-21%

Energy consumption

vs 2015 benchmark

-69%

Metal emissions to water

vs 2015 benchmark

51

Accidents

94.97%

Employee retention rate

9,769 employed

Global Positioning

Click the icons below to explore the diagram

  • North America 858
  • South America 685
  • Europe 5,782
  • Africa 262
  • Asia-Pacific 2,182
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  • North America 12
  • South America 5
  • Europe 19
  • Africa 1
  • Asia-Pacific 14
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  • North America 2
  • South America 1
  • Europe 5
  • Asia-Pacific 6
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Three complementary business groups

Our three business groups address specific customer needs. Together, they complement each other, sharing knowledge and expertise

GROUP FEATURES KEY ACHIEVEMENTS KEY FIGURES

Catalysis

Umicore provides automotive catalysts for gasoline and diesel light and heavy duty diesel applications, including on-road and non-road vehicles. The business group also offers stationary catalysis for industrial emissions control and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries.

Main end uses

Emission control for industry and for light and heavy-duty, on and non-road vehicles, catalysts for life science and chemicals, pharmaceutical ingredients for cancer treatment

Main industries served

  • Automotive
  • Chemicals
  • Construction
  • Shipping
  • Pharmaceuticals
  • Power generation

 

9% earnings growth 

 

Full ownership of Ordeg Co. Ltd, Korea

 

Acquisition of the heavy-duty diesel (HDD) and stationary catalyst businesses Haldor Topsoe

 

Agreement to acquire Materia's metathesis catalyst business

 

 

€ 1,163m
Revenues

 

€ 152m 
REBIT

 

2,952 
Colleagues

 

GROUP FEATURES KEY ACHIEVEMENTS KEY FIGURES

Energy & Surface Technologies

Umicore’s products are found in applications used in the production and storage of clean energy and in a range of applications for surface technologies that bring specific properties and functionalities to end products. All our activities offer a closed loop service for our customers.

Main end uses

Portable electronics, electrified vehicles, photovoltaics, semiconductors, machining and drilling tools, tyres, fibre optics, LED, flat screens

Main industries served

  • Electronics
  • Automotive
  • Rechargeable batteries
  • Aerospace

 

72% earnings growth

 

€300 million further expansion of our battery materials production capacity in China and Korea

 

Divestment of the large area coatings activity of Thin Film Products and merger of remaining activity with Electro-Optic Materials

 

 

€ 894m 
Revenues

 

€ 141m 
REBIT

 

2,716 
Colleagues

 

GROUP FEATURES KEY ACHIEVEMENTS KEY FIGURES

Recycling

Umicore treats complex waste streams containing precious and other specialty metals. Our operations can recover 20 of these metals from a wide range of input materials ranging from industrial residues to end-of-life materials. Other activities include production of precious metals-based materials that are essential for applications as diverse as high-tech glass production, electrics and electronics.

Main end uses

Jewellery, high-quality glass, investment bars, power distribution, heating, ventilation and cooling installations, nitric acid production

Main industries served

  • Non-ferrous metals mining and refining
  • Automotive
  • Electronics
  • Energy
  • Chemicals
  • Optics and displays
  • Precious metals

 

26% ROCE 

 

Ramp-up of the additional capacity in Hoboken, Belgium

 

Precious Metals Refining reached a higher overall level of processed volumes than in 2016

 

Continued conflict-free smelter certification of all Umicore smelters for gold

 

 

 

€ 650m
Revenues

 

€ 128m
REBIT

 

3,092
Colleagues

 

Focused portfolio of activities

Our three business groups are now composed of nine business units

CATALYSIS

AUTOMOTIVE CATALYSTS

A world leader in emission control catalysts for lightduty and heavy-duty vehicles for all fuel types. Now also including non-road heavy-duty diesel catalysts and stationary catalysts for industrial plant emissions control.

PRECIOUS METALS CHEMISTRY

Developer and producer of metal-based catalysts used in chemistry, life sciences and pharmaceutical applications.

ENERGY & SURFACE TECHNOLOGIES

COBALT & SPECIALTY MATERIALS

Producer of cobalt and nickel specialty chemicals for a wide range of applications, including tyres, pigments, catalysts and surface treatment. Now also responsible for proprietary lithium-ion rechargeable battery recycling technology.

RECHARGEABLE BATTERY MATERIALS

A leading cathode material supplier for lithium-ion rechargeable batteries used in portable electronics and electrified vehicles.

ELECTROPLATING

Supplier of precious metal electrolytes & processes for technical, functional and decorative applications.

ELECTRO-OPTIC MATERIALS

Supplier of products for thermal imaging and wafers for space solar cells and high brightness LEDs and chemicals for fibre optics. Now also producer of evaporation material and sputter targets for optics and microelectronics industry.

RECYCLING

PRECIOUS METALS REFINING

Operator of the world’s most sophisticated precious metals recycling facility able to recover 17 precious and other valuable metals from complex waste streams.

PRECIOUS METALS MANAGEMENT

Services for hedging, leasing, purchasing and sale of precious metals to internal and external customers.

JEWELLERY & INDUSTRIAL METALS

Supplier of precious metals creating products for the jewellery and industrial sector and specialist in the manufacturing of platinum group metals components for the special glass and chemical industries, offering recycling solutions.