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Olen site visit,<br />
Advanced Materials &<br />
Group R&D presentation<br />
30 March 2010
Olen site visit<br />
Agenda of the day<br />
11:30<br />
11:45<br />
12:15<br />
13:00<br />
13:30<br />
14:15<br />
14:30<br />
15:00<br />
15:45<br />
Introduction on <strong>Umicore</strong>, the Olen site and Advanced Materials<br />
Cobalt & Specialty Materials, with focus on rechargeable batteries<br />
Sandwich lunch<br />
Electro-Optic Materials, with focus on CPV<br />
Site visit of Electro-Optic Materials Olen<br />
Coffee break<br />
Group R&D<br />
Site visit of Group R&D Olen<br />
End
<strong>Umicore</strong> today<br />
Our business approach<br />
3<br />
Metals<br />
Application<br />
know-how<br />
Chemistry<br />
material<br />
Material science<br />
solutions<br />
Metallurgy<br />
Recycling<br />
Material<br />
solutions
<strong>Umicore</strong> today<br />
Strategic focus on Clean technologies<br />
4<br />
Energy<br />
solutions<br />
Materials for energy<br />
storage and<br />
sustainable energy<br />
production<br />
Recycling<br />
solutions<br />
Addressing resource<br />
scarcity and emissions<br />
by closing the<br />
materials loop<br />
Clean technologies in <strong>Umicore</strong><br />
today represent<br />
•<br />
50% of revenues<br />
•<br />
80% of R&D expenses<br />
Environmental<br />
solutions<br />
Technologies to<br />
mitigate environmental<br />
impacts
<strong>Umicore</strong> today<br />
A change in the business profile<br />
5<br />
2,500<br />
2,000<br />
1,500<br />
1,000<br />
500<br />
0<br />
14.6%<br />
1036<br />
2.5%<br />
10.5%<br />
1358<br />
3.2%<br />
1902<br />
4.8%<br />
Revenues<br />
1725<br />
8.7% 8.4%<br />
5.7%<br />
(in million €)<br />
1919 1910<br />
7.2%<br />
5.4%<br />
8.0%<br />
5.8%<br />
2124<br />
10.2%<br />
11.1%<br />
1723<br />
7.0% 6.9%<br />
2002 2003 2004 2005 2006 2007 2008 2009<br />
Capital intensive<br />
Metal refiner<br />
Core <strong>Umicore</strong> Discontinued <strong>Umicore</strong> R&D / revenues Capex / revenues<br />
Restated for discontinued operations in 2004, 2006 and 2008<br />
R&D intensive<br />
Materials technology company<br />
Core <strong>Umicore</strong><br />
Divested business<br />
-- - Capex / revenues<br />
-- - R&D / revenues
<strong>No</strong>rth America<br />
• 744 (18) people<br />
• 12 industrial sites<br />
South America<br />
• 1,097 (416) people<br />
• 5 (1) industrial sites<br />
<strong>Umicore</strong> today<br />
Worldwide presence<br />
Total headcount 13,720 people<br />
(of which 4,405 in associates)<br />
6<br />
Africa<br />
• 1,512 (1,252) people<br />
• 3 (1) industrial sites<br />
Europe<br />
• 7,342 (980) people<br />
• 38 (7) industrial sites<br />
Asia/Pacific<br />
• 3,025 (1,739) people<br />
• 22 (6) industrial sites
Olen site
Hoboken<br />
Brugge<br />
Presence in Belgium<br />
8<br />
# 69<br />
• Cobalt & Specialty Materials<br />
Brussels<br />
# 1,358<br />
• Precious Metals Refining<br />
• Battery Recycling<br />
Vilvoorde<br />
• Building Products<br />
# 41<br />
# 199<br />
• Corporate<br />
• Cobalt & Specialty Materials<br />
2,963 people<br />
(of which 62 in<br />
associates)<br />
Olen<br />
Overpelt<br />
• Zinc Chemicals<br />
Heusden Zolder<br />
• Zinc Chemicals<br />
Angleur<br />
• Zinc Chemicals<br />
# 1,037<br />
• Cobalt & Specialty Materials<br />
• Electro-Optic Materials<br />
• Group R&D<br />
# 57<br />
# 97 (62)<br />
# 105
A history of transformation<br />
1800 1850 1900 1950 2000<br />
1805 Vieille-Montagne<br />
1853 Asturienne des Mines<br />
Cie Industrielle Union<br />
Usine de Désargentation<br />
Cie des Métaux d’Overpelt<br />
1887<br />
1928<br />
1908 Soc. Générale Métallurgique de Hoboken<br />
1919 Société Générale de Minerais<br />
1906 Union Minière du Haut-Katanga<br />
1901 ACEC<br />
1919<br />
1873 Degussa (DM)<br />
(Degussa)<br />
1919 SIBEKA<br />
1970<br />
MHO<br />
1959 Mechim<br />
1981<br />
Union Minière<br />
1985<br />
1985<br />
1989<br />
1989<br />
1989<br />
1981<br />
1990<br />
UM<br />
DMC² PMG<br />
2001<br />
2003<br />
2005 Traxys<br />
2005 Cumerio<br />
2010<br />
2007 Nyrstar
Olen before<br />
•<br />
•<br />
10<br />
One of <strong>Umicore</strong>’s oldest sites<br />
•<br />
•<br />
Inaugurated in 1912<br />
2 nd<br />
site of “Compagnie<br />
Industrielle Union”, later<br />
named “Société Générale<br />
Metallurgique de Hoboken”<br />
Multiple metals processed<br />
•<br />
•<br />
•<br />
Cobalt , germanium, nickel<br />
(still today)<br />
Copper<br />
(now part of Aurubis)<br />
Sodium, radium and uranium<br />
(discontinued many years ago)
Olen today<br />
•<br />
•<br />
•<br />
11<br />
One of <strong>Umicore</strong>’s 3 large<br />
production sites<br />
•<br />
1,027 employees<br />
Headquarters of<br />
•<br />
•<br />
•<br />
Cobalt & Specialty Materials<br />
Electro-Optic Materials<br />
<strong>Umicore</strong> Group R&D<br />
Environmental control<br />
•<br />
•<br />
Seveso status<br />
ISO 14001 certified
Advanced<br />
Materials<br />
Ge<br />
Co Ni<br />
C<br />
Optics<br />
Batteries<br />
Photovoltaics<br />
Pigments<br />
Tools
Advanced Materials<br />
At a glance<br />
•<br />
•<br />
•<br />
•<br />
13<br />
Leading global position in cathode materials for lithium–ion batteries, cobalt<br />
powders for hard metal applications, germanium substrates for space solar cells<br />
Produces high-purity metals, alloys, compounds and engineered products for a<br />
wide range of other specialist applications<br />
Industrial operations around the world, supplying a global market<br />
Synthetic diamond and super-abrasives activities are conducted in a joint<br />
venture with De Beers<br />
Cobalt &<br />
Specialty<br />
Materials<br />
Electro-<br />
Optic<br />
Materials<br />
Thin Film<br />
Products<br />
Element<br />
Six<br />
Abrasives
Business group and business unit structure<br />
Advanced<br />
Materials<br />
Cobalt & Specialty<br />
Materials<br />
Electro-Optic<br />
Materials<br />
Thin Film<br />
Products<br />
Element Six<br />
Abrasives (40%)<br />
14<br />
Automotive<br />
Catalysts<br />
Precious Metals<br />
Products & Catalysts<br />
<strong>Umicore</strong><br />
Jewellery &<br />
Electroplating<br />
Technical<br />
Materials<br />
Platinum Engineered<br />
Materials<br />
Precious Metals<br />
Chemistry<br />
Precious Metals<br />
Services<br />
Precious Metals<br />
Refining<br />
Precious Metals<br />
Management<br />
Battery<br />
Recycling<br />
Zinc<br />
Specialties<br />
Building<br />
Products<br />
Zinc<br />
Chemicals
Advanced Materials<br />
Key figures<br />
15<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
213 221<br />
309<br />
Revenues<br />
(in € million)<br />
275 287<br />
332<br />
395<br />
305<br />
2002 2003 2004 2005 2006 2007 2008 2009<br />
125<br />
100<br />
75<br />
50<br />
25<br />
0<br />
13.1%<br />
31<br />
24.7%<br />
50<br />
Recurring EBIT<br />
20.9%<br />
85<br />
(in million €)<br />
15.4%<br />
13.9% 14.7% 15.2%<br />
59<br />
53<br />
62<br />
71<br />
4.8%<br />
22<br />
2002 2003 2004 2005 2006 2007 2008 2009<br />
Return on Capital Employed (ROCE)
Business group breakdown<br />
PMS<br />
21%<br />
16<br />
ZS<br />
15%<br />
Revenues<br />
(excluding metal)<br />
AM<br />
18%<br />
PMPC<br />
46%<br />
Corporate not included<br />
ZS<br />
16%<br />
PMS<br />
56%<br />
EBIT<br />
(recurring)<br />
AM<br />
11%<br />
PMPC<br />
17% PMS<br />
10%<br />
AM Advanced Materials<br />
PMPC Precious Metals Products & Catalysts<br />
PMS Precious Metals Services<br />
ZS Corporate Zinc Specialties not included<br />
Excluding Corporate<br />
Capital employed<br />
ZS<br />
16%<br />
(average)<br />
PMPC<br />
48%<br />
Corporate not included<br />
AM<br />
26%
Business group breakdown<br />
PMS<br />
24%<br />
17<br />
Capital expenditure<br />
ZS<br />
9%<br />
C<br />
8%<br />
PMPC<br />
32%<br />
Corporate not included<br />
AM<br />
27%<br />
PMS<br />
5%<br />
R&D expenditure<br />
C<br />
ZS12%<br />
3%<br />
PMPC<br />
68%<br />
AM<br />
12%<br />
PMS<br />
11%<br />
AM Advanced Materials<br />
PMPC Precious Metals Products & Catalysts<br />
PMS Precious Metals Services<br />
<br />
<br />
ZS<br />
C<br />
Corporate Zinc Specialties not included<br />
Corporate<br />
ZS<br />
16%<br />
Workforce<br />
(end of period)<br />
C<br />
8%<br />
PMPC<br />
27%<br />
Corporate not included<br />
AM<br />
38%
Olen site visit<br />
Agenda of the day<br />
11:30<br />
11:45<br />
12:15<br />
13:00<br />
13:30<br />
14:15<br />
14:30<br />
15:00<br />
15:45<br />
Introduction on <strong>Umicore</strong>, the Olen site and Advanced Materials<br />
Cobalt & Specialty Materials, with focus on rechargeable batteries<br />
Sandwich lunch<br />
Electro-Optic Materials, with focus on CPV<br />
Site visit of Electro-Optic Materials Olen<br />
Coffee break<br />
Group R&D<br />
Site visit of Group R&D Olen<br />
End
Business unit<br />
Cobalt & Specialty Materials<br />
Rechargeable<br />
Batteries<br />
Tool<br />
Materials<br />
Ceramics &<br />
Chemicals
Cobalt & Specialty Materials<br />
At a glance<br />
•<br />
•<br />
•<br />
20<br />
Leading player in cobalt applications with niche positions in nickel<br />
•<br />
•<br />
•<br />
Rechargeable Battery Materials: technology solutions for lithium ion cathode materials<br />
Ceramics and Chemicals: chemical specialties with a particular focus on REACH<br />
compliance<br />
Tool Materials: product range for hard metal and diamond tools<br />
Offers supply security through own refining, recycling, metals management and<br />
ethical sourcing policy<br />
Global footprint with worldwide distribution channels<br />
• Largest BU in Advanced Materials
Cobalt & Specialty Materials<br />
Footprint: # 2,270 people (of which 1,232 in associates)<br />
Olen<br />
Belgium # 447<br />
• Headquarters<br />
• R&D centre<br />
• Co & Ni chemicals<br />
• Co powders<br />
• Co & Ni refining<br />
Brugge<br />
Belgium # 69<br />
• Organic Co & other<br />
metal compounds<br />
• Other organics<br />
Fort Saskatchewan<br />
Canada # 27<br />
• Ultrafine Co powders<br />
Arab<br />
USA # 52<br />
• Co & Ni chemicals<br />
(crystals & solution)<br />
• Co recycling<br />
21<br />
Blodelsheim<br />
France # 12<br />
• Cu clippings<br />
• Distribution<br />
Milan<br />
Italy # 16 (15)<br />
Todini (40% associate)<br />
• Co & Ni products<br />
distribution<br />
Subic<br />
Philippines<br />
• Ni specialities<br />
• Ni refining<br />
# 81<br />
Cheonan<br />
Korea # 129<br />
• Cathode materials<br />
• Tech Center RBM<br />
Shanghai<br />
China # 43<br />
• Co powders<br />
Gangzhou<br />
China # (874)<br />
GYHU (40% associate)<br />
• Co chemicals<br />
• Co refining<br />
Jiangmen<br />
China # 449 (340)<br />
• Cathode materials<br />
• Battery precursors<br />
JCU (40% associate)<br />
• Ni(OH) 2<br />
• Ni refining
Cobalt & Specialty Materials<br />
Business model<br />
Co<br />
concentrates<br />
Co & Ni containing<br />
secondaries<br />
Co & Ni metal &<br />
compounds<br />
Diversified<br />
supply strategy<br />
22<br />
Add value to the metal<br />
Co & Ni<br />
cathode precursors<br />
Co oxides /<br />
Ni & Co salts<br />
Co<br />
powders<br />
Co & Ni<br />
refining/recycling<br />
Cathode<br />
materials<br />
Specialty<br />
chemicals<br />
Alloyed<br />
powders<br />
Focus on the application<br />
Rechargeable<br />
battery industry<br />
Chemicals &<br />
ceramics industry<br />
Tooling<br />
industry<br />
Market leader<br />
in niche<br />
applications
Cobalt & Specialty Materials<br />
Cobalt sourcing & usage<br />
•<br />
•<br />
•<br />
•<br />
23<br />
<strong>Umicore</strong> offers the broadest range of<br />
cobalt-based materials<br />
Focus on sustainable supply: Long-term<br />
contracts and respecting Code of Conduct<br />
Differentiated supply strategy<br />
•<br />
•<br />
Refining of Co concentrates and recycling<br />
of production scrap and end of life materials<br />
Purchase of Co metal & compounds<br />
Metal price hedging is key<br />
Superalloys 20%<br />
Global applications of cobalt<br />
Magnets 7%<br />
Others 3%<br />
Carboxylates 9%<br />
Hardfacing 7%<br />
Catalysts 9%<br />
<strong>Umicore</strong> presence<br />
Batteries 22%<br />
Colours 10%<br />
Cutting Tools 13%
Cobalt & Specialty Materials<br />
Tool Materials products & applications<br />
Supply Metal Product Application Market<br />
Co concentrates<br />
Co residues<br />
24<br />
Cobalt<br />
Co powders<br />
Pre-alloyed Co<br />
powders<br />
Abrasive bonding<br />
NiMH batteries<br />
Hard metals<br />
Diamond Tools<br />
Valve seats<br />
Power tools<br />
Current HEV vehicles
Cobalt & Specialty Materials<br />
Ceramics & Chemicals products & applications<br />
Supply Metal Product Application Market<br />
Co concentrates<br />
Co residues<br />
Ni residues<br />
25<br />
Co<br />
Ni<br />
Co oxides<br />
Co salts<br />
Ni salts<br />
Pigments Ceramics & glass<br />
Catalysts<br />
Plating<br />
Carboxylates<br />
Petrochemistry<br />
Plastics<br />
Metal treatment<br />
Adhesives
Cobalt & Specialty Materials<br />
Rechargeable Batteries products & applications<br />
Supply Metal Product Application Market<br />
Co concentrates<br />
Co residues<br />
Ni residues<br />
26<br />
Co<br />
Ni<br />
LCO<br />
Li cobaltite<br />
NMC<br />
Li NiCoMn<br />
oxide<br />
NCA<br />
Li NiCoAl<br />
oxide<br />
Portable electronics<br />
Li-ion rechargeable<br />
batteries Power tools<br />
(P)HEV / EV<br />
Ni-MH rechargeable<br />
Ni hydroxide batteries<br />
E-bikes<br />
Stationary power
Cobalt & Specialty Materials<br />
Business drivers<br />
•<br />
•<br />
•<br />
27<br />
Rechargeable battery materials (lithium ion)<br />
•<br />
•<br />
•<br />
Emerging power applications such as (Hybrid) Electrical Vehicles (HEVs)<br />
Growing portable electronics market<br />
In-house technology advances<br />
Other product areas<br />
•<br />
•<br />
•<br />
Evolution in end user industries, e.g. chemicals, construction, drilling<br />
Legislative demands on new products, e.g. REACH<br />
Development of new applications<br />
Co & Ni supply & refining<br />
•<br />
Metal prices
Cobalt & Specialty Materials<br />
The Li-ion cathode materials market<br />
90,000<br />
80,000<br />
70,000<br />
60,000<br />
50,000<br />
40,000<br />
30,000<br />
20,000<br />
10,000<br />
28<br />
Power demand for Li-Ion batteries<br />
0<br />
2003<br />
2005<br />
2007<br />
(in MWh/year)<br />
Portable electronics Power tools (P)HEV / EV<br />
2009<br />
2011<br />
2013<br />
2015<br />
Source: IIT Takeshita 2009<br />
2017<br />
•<br />
•<br />
Growth driven to date by portable<br />
electronics<br />
Future growth will be increasingly driven<br />
by new applications
Cobalt & Specialty Materials<br />
The Li-ion battery materials flowsheet<br />
29<br />
Raw &<br />
functional<br />
materials<br />
• Graphite<br />
• Cathode (LiMox)<br />
• Polymer<br />
• Binder<br />
• Carbon Black<br />
• Cu/Al foils<br />
• Electrolyte<br />
Components<br />
(Electrodes)<br />
• Cathode<br />
• Anode<br />
• Separator<br />
• Connectors<br />
• Housing<br />
Battery<br />
cell<br />
• Unit cells<br />
Battery<br />
pack<br />
• Modules<br />
• Battery packs<br />
Application Recycling<br />
• Portable<br />
electronics<br />
• Power tools<br />
• (H)EVs<br />
• Stationary<br />
• Industrial<br />
• Co<br />
• Ni<br />
• Mn<br />
• (Li)
Cobalt & Specialty Materials<br />
Li-ion cathode material evolution<br />
•<br />
•<br />
•<br />
30<br />
Lithium cobaltite (LiCoO2) dominated<br />
first decade of Li-ion technology<br />
Mixed compounds as NMC<br />
introduced since 2005<br />
•<br />
•<br />
NMC compounds reduce<br />
cobalt use; first enters<br />
low-mid end of the market<br />
e.g. Cellcore MX ®<br />
Other materials developed<br />
for future generations of<br />
Li-ion technology<br />
Cathode materials<br />
Reversibility<br />
Ni<br />
Capacity<br />
Safety<br />
Co Mn<br />
NMC spectrum<br />
Cathode<br />
capacity*<br />
Battery<br />
capacity<br />
Battery<br />
safety<br />
Battery<br />
cyclability<br />
Battery<br />
cost<br />
LCO (LiCoO2) 160 ++ ++ ++ +<br />
LNO (LiNiO2) 170 +++ + + +<br />
NMC (LiNixMnyCo1-x-yO2) 130-160 ++ ++ ++ ++<br />
LMO (LiMn2O4) 120 + ++++ + +++<br />
LFP (LiFePO4) 160 + ++++ ++ +++<br />
* Ah/kg
Cobalt & Specialty Materials<br />
<strong>Umicore</strong>’s unique position in Li-ion cathode materials<br />
•<br />
•<br />
•<br />
•<br />
•<br />
→<br />
31<br />
Wide product portfolio<br />
•<br />
•<br />
In production:<br />
In R&D:<br />
LCO, NMC, NCA<br />
LFP → improvement patents and licenses in place<br />
Multiple applications: portable electronics, automotive, stationary power, …<br />
Diversified and integrated production base<br />
•<br />
•<br />
Multiple plants, globally spread to stimulate close customer contact<br />
Integrated precursor production<br />
Broad customer base<br />
Closed-loop solution including the battery recycling<br />
Major development efforts go into building a stronger IP position and gaining<br />
a higher application knowledge that will further strengthen our position
30%<br />
25%<br />
20%<br />
15%<br />
10%<br />
5%<br />
0%<br />
Cobalt & Specialty Materials<br />
<strong>Umicore</strong>’s current position in Li-ion cathode materials market<br />
• <strong>Umicore</strong> is a leading player with the broadest range of customers and a good<br />
geographical mix<br />
Nichia Corp.<br />
32<br />
<strong>Umicore</strong><br />
AGC Seimi Chemical<br />
Chinese Local<br />
Nippon Chemical Industrial<br />
(% market share of non captive market)<br />
Toda Kogyo<br />
Seido Chemical<br />
BYD<br />
Tanaka Chemical<br />
TRONOX<br />
Source: Avicenne 2008<br />
A123Systems<br />
FMC Lithium<br />
Toda Kogyo<br />
Sumitomo Metal Mining<br />
Santoku Corp<br />
7 other companies
Cobalt & Specialty Materials<br />
<strong>Umicore</strong>’s position in Li-ion cathode production<br />
•<br />
•<br />
•<br />
33<br />
Existing production base<br />
•<br />
•<br />
•<br />
Cheonan, Korea<br />
•<br />
•<br />
Li-Ion cathode materials production<br />
Applied research centre<br />
Jiangmen, China<br />
•<br />
Li-Ion cathode precursors & materials production<br />
Olen, Belgium<br />
•<br />
•<br />
Li-Ion cathode precursors production<br />
Basic battery materials research<br />
Recent investments enable larger scale<br />
production of new materials<br />
Additional investments will be required<br />
when the market further develops<br />
Cheonan plant<br />
Cheonan<br />
JUC plant<br />
Jiangmen
Cobalt & Specialty Materials<br />
Business strategy<br />
•<br />
•<br />
•<br />
34<br />
Rechargeable battery materials<br />
•<br />
•<br />
•<br />
Develop new product technologies (and production infrastructure)<br />
Penetrate the new markets for rechargeable batteries including (H)EV<br />
Increase presence with Japanese battery manufacturers<br />
Other product areas<br />
•<br />
Develop new, advanced chemical solutions (e.g. carboxylates, …)<br />
Differentiate supply / extend closed-loop offering<br />
(cfr. <strong>Umicore</strong> Battery Recycling)
Olen site visit<br />
Agenda of the day<br />
11:30<br />
11:45<br />
12:15<br />
13:00<br />
13:30<br />
14:15<br />
14:30<br />
15:00<br />
15:45<br />
Introduction on <strong>Umicore</strong>, the Olen site and Advanced Materials<br />
Cobalt & Specialty Materials, with focus on rechargeable batteries<br />
Sandwich lunch<br />
Electro-Optic Materials, with focus on CPV<br />
Site visit of Electro-Optic Materials Olen<br />
Coffee break<br />
Group R&D<br />
Site visit of Group R&D Olen<br />
End
Business unit<br />
Electro-Optic Materials<br />
Optics Substrates
Electro-Optic Materials<br />
At a glance<br />
•<br />
•<br />
•<br />
•<br />
37<br />
World leader in germanium products<br />
•<br />
•<br />
Substrates for solar cells used in space applications<br />
Customised germanium-based material solutions for infrared optics and optoelectronics<br />
Focuses on high added value products and high volume markets<br />
Makes the difference through innovation and technological base<br />
Offers supply security through own refining, recycling and metals management<br />
• <strong>Umicore</strong> BU with highest premium over metal content
Olen<br />
Belgium<br />
38<br />
# 251<br />
• Headquarters<br />
• R&D centre<br />
• Ge refining & recycling<br />
• GeCl4 • Ge substrates<br />
• Ge optics<br />
Quapaw<br />
USA # 91<br />
• GeCl4<br />
• Ge & GASIR optics<br />
• Ge substrates<br />
Electro-Optic Materials<br />
Footprint # 392 people<br />
Dundee<br />
UK # 20<br />
• R&D centre coatings<br />
Acigné<br />
France # 10<br />
• R&D centre GASIR glass<br />
• GASIR production
Electro-Optic Materials<br />
Business model<br />
•<br />
•<br />
•<br />
39<br />
Complete Ge product portfolio covering<br />
all Ge-based products<br />
Focus on higher added value products<br />
and customer-specific products<br />
Integrated Ge refining capacity<br />
•<br />
•<br />
To secure part of Ge supply needs<br />
and thereby enable a fixed<br />
Ge price for customers<br />
To allow recycling of internal and the<br />
customer’s production scrap<br />
Ge residues<br />
Ge substrates<br />
Ge lenses<br />
GeCl 4<br />
High purity Ge<br />
GeO 2<br />
Ge metal
Electro-Optic Materials<br />
Germanium sourcing & usage<br />
•<br />
•<br />
•<br />
40<br />
Yearly world primary refining: ~90 tonnes<br />
•<br />
•<br />
By-product of mainly zinc and coal mining<br />
Starting material can be as low as 0.5% Ge<br />
Yearly supply from recycling: ~30 tonnes<br />
•<br />
Important due to scarcity of the material<br />
and relatively high price<br />
<strong>Umicore</strong> supply strategy<br />
•<br />
•<br />
Own refining/recycling capacity allows choice<br />
in sourcing refined Ge, concentrates or recyclables<br />
Majority of supply needs covered by long<br />
term contracts, remainder spot contracts<br />
Global applications of germanium<br />
Infrared optics<br />
(Ge lenses)<br />
30%<br />
Electronics<br />
(Ge<br />
substrates)<br />
Electro-Optic Materials<br />
Optics products & applications<br />
Supply Metal Product Application Market<br />
Mine residues<br />
e.g. Zn ores<br />
Production residues<br />
e.g. from optic fibres<br />
41<br />
Ge<br />
GeCl 4<br />
Ge optics<br />
GASIR ® GASIR ®<br />
optics<br />
Optic fibres Optical networks<br />
IR cameras<br />
Surveillance & security<br />
Medical applications<br />
Preventive maintenance<br />
Driver vision<br />
enhancement
Electro-Optic Materials<br />
Substrates products & applications<br />
Supply Metal Product Application Market<br />
Mine residues<br />
e.g. Zn ores<br />
Production residues<br />
e.g. from optic fibres<br />
42<br />
Ge<br />
Ge substrates<br />
Multi-junction solar cells<br />
Space satellites<br />
Solar power stations<br />
LEDs Solid-state lighting
Electro-Optic Materials<br />
Business drivers<br />
•<br />
•<br />
•<br />
43<br />
Need for sustainable energy solutions, leading to<br />
•<br />
•<br />
Growth of concentrator photovoltaics for clean energy generation<br />
LED technology allowing energy-efficient and durable lighting solutions<br />
Continuous increase of telecommunication needs, leading to<br />
•<br />
•<br />
Growing power demand for newly launched (telecom) satellites<br />
Deployment of optical fibre networks<br />
Increasing safety and security<br />
•<br />
needs<br />
Creating a need for infra-red camera and detector systems used in night vision, firefighting<br />
and surveillance systems
Electro-Optic Materials<br />
Concentrator photovoltaics (CPV)<br />
•<br />
•<br />
44<br />
Germanium-based solar cells offer highest<br />
energy conversion ratio<br />
•<br />
•<br />
Industrial efficiencies up to 40%<br />
(cfr. Si 15%-20%)<br />
Higher cost limits use to niches (space)<br />
Concentration set-up allows<br />
cost-effective use on earth<br />
•<br />
•<br />
•<br />
Using concentration optics (lenses or mirrors)<br />
Using concentrations of up to factor 1,000x<br />
Applicability limited to<br />
•<br />
•<br />
Sun-rich countries (direct sunlight needed)<br />
Larger installations (sun tracking required)<br />
Concentration with lens system<br />
CPV based solar panel
Electro-Optic Materials<br />
High-efficiency solar cells<br />
•<br />
•<br />
45<br />
Best energy conversion ratio<br />
•<br />
•<br />
III-V compounds are deposited onto a<br />
germanium substrate to form a number of cells<br />
on top of each other<br />
Allows to convert solar spectrum more<br />
efficiently<br />
•<br />
•<br />
Application<br />
•<br />
•<br />
Industrial efficiency up to 40%<br />
World record at 42%<br />
Main application up to today is<br />
for space solar cells<br />
Use of these cells in terrestrial applications is<br />
rapidly growing, using concentration (CPV)<br />
A/R*<br />
front<br />
contact<br />
top cell (1.8eV)<br />
GaInP<br />
tunnel junction<br />
middle cell (1.4eV)<br />
Ga(In)As<br />
tunnel junction<br />
A/R*<br />
bottom cell (0.7eV)<br />
Ge<br />
substrate<br />
Ge<br />
back contact<br />
*A/R: Anti-Reflective coating
Electro-Optic Materials<br />
Principle of Concentrator Photovoltaics (CPV)<br />
Concentrating optics<br />
80-85% optical efficiency<br />
40% cell efficiency<br />
Heat sink<br />
46<br />
Module efficiency<br />
>30 % feasible<br />
Courtesy of Concentrix GmbH, Germany<br />
•<br />
•<br />
•<br />
Using high concentration<br />
factors (100x – 1000x), the<br />
relative cost of the cell in the<br />
system goes down<br />
Increased efficiency of total<br />
system more than offsets the<br />
higher cost of high efficiency<br />
solar cells<br />
Cell also needs to resist to<br />
higher temperatures<br />
(Si cells are less tolerant)
Electro-Optic Materials<br />
Advantages of tracking systems<br />
•<br />
•<br />
47<br />
Optimisation of effective surface following the sun movement<br />
•<br />
•<br />
During the day<br />
Over the seasons<br />
Concentration mandatory for CPV to allow concentration<br />
Silicon fixed CPV tracked<br />
10:00 12:00 14:00 16:00 18:00<br />
Data: May 1st 2008, Sevilla, courtesy of Concentrix GmbH, Germany
Electro-Optic Materials<br />
Where to install CPV?<br />
•<br />
•<br />
48<br />
Direct irradiation<br />
required to allow<br />
for concentration<br />
to function<br />
Sufficient irradiation<br />
required for optimal<br />
cost structure<br />
Courtesy of Concentrix GmbH, Germany<br />
• Regions with direct irradiation (marked in yellow) are potential markets for<br />
efficient use of CPV systems
Electro-Optic Materials<br />
Basic idea is translated in a wealth of designs<br />
49
Electro-Optic Materials<br />
CPV summary<br />
•<br />
•<br />
•<br />
•<br />
50<br />
High system efficiency allows efficient land use<br />
Efficiency remains high with high ambient temperatures<br />
Strong cost reduction still feasible<br />
Competitiveness versus solar thermal power plants<br />
•<br />
•<br />
•<br />
Favourable modularity (100 kW units)<br />
Low maintenance<br />
<strong>No</strong> water usage<br />
Competitive in sunny locations !
Electro-Optic Materials<br />
The high efficiency solar cell materials flowsheet<br />
51<br />
Ge<br />
substrate<br />
Ge Ga<br />
Solar cell<br />
In …<br />
Current market<br />
share in Ge<br />
substrates >50%<br />
Optical system<br />
Solar cell<br />
module<br />
Electrical system<br />
Solar cell<br />
system<br />
Infrastructure<br />
Ge<br />
recycling
Electro-Optic Materials<br />
Concentrator photovoltaics potential<br />
•<br />
•<br />
52<br />
Germanium solar cells are a niche application<br />
More than $ 1 billion invested into CPV over the past few years<br />
1200<br />
1000<br />
800<br />
600<br />
400<br />
200<br />
0<br />
Yearly installed terrestrial CPV solar power<br />
62<br />
120<br />
183<br />
251<br />
324<br />
(in MW)<br />
400<br />
500<br />
614<br />
739<br />
875<br />
988 1044<br />
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020<br />
•<br />
•<br />
Current substrates business<br />
for space applications<br />
= ~ 400.000 4” wafers/year<br />
1000 MWp terrestrial solar<br />
power<br />
= ~ 1,3 million 4”wafers<br />
Source: CPV Today, July 2009
Electro-Optic Materials<br />
Business strategy<br />
•<br />
•<br />
•<br />
•<br />
53<br />
Focus on higher added value products<br />
Maintain leading position in substrates for<br />
space photovoltaics<br />
Enable the further penetration of germanium<br />
in terrestrial photovoltaics and LED lighting<br />
Development of Ge-light optics for highvolume<br />
applications (GASIR ® )<br />
“Bring space PV down to earth”
Business unit<br />
Thin Film Products<br />
Optics &<br />
Electronics<br />
Large Area<br />
Coatings
Thin Film Products<br />
At a glance<br />
•<br />
•<br />
55<br />
Supplier of sputtering targets and evaporation sources for a number of<br />
coating applications<br />
•<br />
•<br />
•<br />
Antireflection and wear protection coatings<br />
Layers for the semiconductor and optical data storage industry<br />
Transparent conductive layers<br />
(TCO) for displays, photovoltaics and architectural glass<br />
Recycling of the different materials<br />
• Innovative product portfolio
Providence<br />
USA # 48<br />
• ITO for large area<br />
coatings<br />
• R&D centre<br />
Nashua<br />
USA # 6<br />
• Sales office<br />
• Bond shop<br />
Manaus<br />
Brazil # 4<br />
• Production silver<br />
sputtering targets<br />
Thin Film Products<br />
Footprint # 217 people<br />
56<br />
Balzers<br />
Liechtenstein # 112<br />
• Headquarters<br />
• production<br />
• R&D centre<br />
Bejing<br />
China # 29<br />
• Production & sales of<br />
optical materials<br />
Hsinchu Hsien<br />
Taiwan # 12<br />
• Sales office<br />
• Bond-shop
Thin Film Products<br />
Business model<br />
•<br />
57<br />
Thin Film Products’<br />
•<br />
•<br />
business model is based on 2 core competencies:<br />
The design and manufacturing of sputtering targets<br />
The recycling of spent targets<br />
• Material utilisation of<br />
sputtering targets is 30-40%<br />
for planar and 70 - 80% for<br />
rotary targets. The need for<br />
recycling of spent targets is<br />
therefore built into the business<br />
model of Thin Film Products<br />
Raw<br />
materials<br />
Casting &<br />
Bonding<br />
Recycling is crucial<br />
in order to support<br />
the supply and<br />
sustainability of<br />
the business<br />
Recycling of<br />
spent targets<br />
Use of<br />
targets
Thin Film Products<br />
Optics & Electronics products & applications<br />
Supply Metal Product Application Market<br />
End-of-life materials<br />
e.g. spent targets<br />
Primary materials<br />
Secondary materials<br />
58<br />
Precious metals:<br />
Au, Ag, Pt, Pd<br />
Special metals:<br />
In, Se, Te, Ge<br />
Zr, ZnS, Ti, Si<br />
,Cr, Al, Ta<br />
Mg, Y, Sc, Nb, Hf<br />
Evaporation materials,<br />
tablets granules<br />
(oxides & fluorides)<br />
Sputtering targets<br />
Ophthalmic coating<br />
Precision optics<br />
Different layer coatings<br />
Microelectronic Wafer<br />
Ophthalmic glasses,<br />
binoculars,…<br />
Infrared applications<br />
Semiconductors & Data<br />
storage: Hard discs, DVD,<br />
Microelectronic Chip
Thin Film Products<br />
Large Area Coatings products<br />
Supply Metal Product Application Market<br />
End-of-life materials<br />
e.g.<br />
spent targets<br />
Secondary materials<br />
Primary materials<br />
Recycling of spent<br />
targets in BU, Zn<br />
recycled in ZC BU,<br />
other materials<br />
59<br />
recycled in PMR BU<br />
Indium<br />
ZnO<br />
Silver<br />
Aluminum<br />
Silicon<br />
ITO sputtering targets<br />
Planar/Rotatable<br />
AZO sputtering targets<br />
Si, Ag targets<br />
Various other targets<br />
& applications<br />
Transparent conductive<br />
oxide layer<br />
Anti reflective layer<br />
LCD and plasma screens<br />
Touch panels<br />
Thin film photovoltaics<br />
Decorative &<br />
architectural glass
Thin Film Products<br />
Business drivers<br />
•<br />
•<br />
60<br />
Growth of large area coating applications<br />
•<br />
•<br />
•<br />
Driven by growing demand for photovoltaics<br />
and penetration of thin film technology as a viable technology<br />
Driven by demand for flat screen displays<br />
Driven by demand for window glass coatings<br />
General demand for coating materials<br />
•<br />
•<br />
Used in electronics, optics, wear protection, …<br />
Driven by global economic demand
Thin Film Products<br />
Business strategy<br />
•<br />
•<br />
*<br />
61<br />
Develop industrial scale production for new materials<br />
•<br />
•<br />
ITO* and AZO* used in photovoltaics, glass and display<br />
applications<br />
Using innovative product designs as rotary targets<br />
Strengthen <strong>Umicore</strong>’s position in sputtering targets & evaporation materials for<br />
Optics & Electronics, based on our key competencies in production and<br />
application know-how.<br />
ITO: Indium Tin Oxide; AZO = Aluminium-doped Zinc Oxide
Element Six<br />
Abrasives<br />
Oil & Gas<br />
Advanced<br />
Materials<br />
Hard<br />
Materials
Element Six Abrasives<br />
At a glance<br />
•<br />
•<br />
•<br />
63<br />
World’s leading supplier of industrial diamond and superabrasives<br />
Global presence<br />
Manufactures diamond* using high pressure high temperature (HPHT) synthesis<br />
• Encompasses applications in the automotive, aerospace, oil & gas drilling,<br />
mining, electronics, construction and wood-working industry.<br />
•<br />
Joint venture set-up: <strong>Umicore</strong> 40%, De Beers 60%<br />
*<br />
Diamond materials are the hardest substance known and<br />
are widely used in cutting, grinding, shearing and<br />
polishing applications<br />
63
Robertsfors<br />
Sweden # 68<br />
• CBN & polycrystalline<br />
synthesis / Processing<br />
• R&D Centre<br />
Chiswick<br />
UK<br />
• Group Service Centre<br />
Shannon<br />
Ireland # 242<br />
• Diamond Processing<br />
• Market Support Centre<br />
Burghaun<br />
Germany # 303<br />
• Carbide production<br />
• Sales and Marketing<br />
Centre<br />
Element Six Abrasives<br />
Footprint # 2,530 people<br />
64<br />
# 26<br />
Operational plants only<br />
# = Headcount<br />
Poltava<br />
Ukraine # 203<br />
•<br />
Diamond Synthesis /<br />
Processing<br />
Suzhou<br />
China # 173<br />
• Diamond Synthesis /<br />
Processing<br />
Wuxi<br />
China # 77<br />
• Carbide production<br />
Johannesburg<br />
South Africa # 1,357<br />
• Diamond Synthesis /<br />
Processing<br />
• Carbide production<br />
• Diamond Research<br />
Laboratory
Element Six Abrasives<br />
Business model<br />
65<br />
To deliver extreme performance through innovative diamond solutions<br />
Oil & Gas Advanced Materials Hard Materials<br />
Element Six is the established<br />
leader in the market of<br />
polycrystalline diamond drills<br />
heads for the oil & gas<br />
industries.<br />
Element Six manufactures<br />
diamond and cubic boron nitride<br />
(CBN) in both grit and polycrystalline<br />
forms to serve a wide<br />
range of precision applications<br />
like cutting, grinding, drilling<br />
and polishing. These products<br />
are then used in various<br />
industries like automotive,<br />
wood-cutting, metal-cutting,<br />
electronics and aerospace.<br />
Through the use of tungsten<br />
carbide, Element Six has a long<br />
established presence in mining<br />
through drilling components,<br />
road construction and wear<br />
parts.
Element Six Abrasives<br />
Oil & Gas products & applications<br />
Supply Material Product Application Market<br />
Graphite<br />
Metal additives<br />
66<br />
Industrial diamond grit<br />
Polycrystalline diamond<br />
tungsten carbide<br />
Diamond impregnated<br />
cutting surfaces<br />
Drill Cutters<br />
Wear Parts<br />
Carbide drill pieces<br />
Drilling solutions<br />
Oil industry<br />
(onshore & offshore)<br />
Gas industry<br />
(onshore & offshore)
Element Six Abrasives<br />
Advanced Materials products & applications<br />
Supply Material Product Application Market<br />
Graphite<br />
Metal additives<br />
67<br />
Industrial diamond grit<br />
Polycrystalline diamond<br />
cubic boron nitride<br />
tungsten carbide<br />
Coarse diamond grit<br />
Fine diamond grit<br />
Polycrystalline discs and<br />
inserts<br />
Cutting discs, wheels<br />
and wires<br />
Grinding discs, wheels,<br />
wires and powders<br />
Metalworking<br />
tools<br />
Woodworking<br />
tools<br />
Construction & Extraction<br />
Automotive industry<br />
Metal-cutting industries<br />
Wood-working
Element Six Abrasives<br />
Hard Materials products & applications<br />
Supply Material Product Application Market<br />
Tungsten<br />
Cobalt<br />
Metal Additives<br />
68<br />
Polycrystalline diamond<br />
Steel<br />
Tungsten carbide<br />
Road planing<br />
pick<br />
Drilling inserts<br />
Mining picks<br />
Bespoke Tungsten<br />
carbide products<br />
Solid carbide rods &<br />
burrs<br />
Road planing<br />
machines<br />
Drilling & mining<br />
Wear parts<br />
Drills<br />
Road construction<br />
Mining<br />
Multi-industry (e.g.<br />
mill rolls, paper cutting)<br />
Metal cutting<br />
(e.g. automotive)
Element Six Abrasives<br />
Business drivers<br />
•<br />
•<br />
•<br />
69<br />
Growth of construction activity<br />
•<br />
•<br />
Building, road, automotive, machinery and other industrial applications<br />
Supported by global demand<br />
Growth of mining, oil and gas industry<br />
•<br />
Supported by increased demand for materials and fossil fuels<br />
Substitution of lower performance abrasives by high-end synthetic diamonds<br />
•<br />
Material cost being outweighed by longer operational lifetime of the tool
Element Six Abrasives<br />
Technology<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
70<br />
Diamond synthesis<br />
Capsule recipes<br />
High pressure systems<br />
Coatings and claddings<br />
Carbide capabilities<br />
Finished processing<br />
=<br />
Application performance
Element Six Abrasives<br />
Business strategy<br />
•<br />
•<br />
71<br />
Mission:<br />
To deliver extreme performance through innovative diamond solutions<br />
Vision:<br />
•<br />
Build a high margin, sustainable Diamond solutions business, through:<br />
•<br />
•<br />
•<br />
•<br />
Market-driven strategic prioritisation & focus<br />
Downstream development partnerships<br />
Competitive total innovation capabilities<br />
Continuous productivity enhancement
Olen site visit<br />
Agenda of the day<br />
11:30<br />
11:45<br />
12:15<br />
13:00<br />
13:30<br />
14:15<br />
14:30<br />
15:00<br />
15:45<br />
Introduction on <strong>Umicore</strong>, the Olen site and Advanced Materials<br />
Cobalt & Specialty Materials, with focus on rechargeable batteries<br />
Sandwich lunch<br />
Electro-Optic Materials, with focus on CPV<br />
Site visit of Electro-Optic Materials Olen<br />
Coffee break<br />
Group R&D<br />
Site visit of Group R&D Olen<br />
End
Research and development<br />
Marc Van Sande<br />
Chief Technology Officer
Research & development<br />
At a glance<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
74<br />
Strong and consistent commitment to R&D<br />
R&D organised in competence platforms over Group R&D and the different BUs<br />
R&D efforts focused on clean-tech domains<br />
•<br />
•<br />
•<br />
•<br />
Recycling solutions →<br />
Energy<br />
Environmental Solutionssolutions<br />
→<br />
Energy Sustainable solutions energy →<br />
production and<br />
storage<br />
Closing the materials loop<br />
Recycling<br />
Environmental<br />
Solutions Pollution reduction Solutions<br />
Closing the<br />
materials loop<br />
Sustainable energy production Pollution and storage<br />
Balanced R&D portfolio (Short term product development and long term<br />
research projects)<br />
890 people currently employed in R&D functions (of which 236 in associates)<br />
325 granted patent families, and 199 pending<br />
reduction
Research & development<br />
Footprint Rechargeable batteries<br />
75<br />
Automotive catalysts<br />
Electro-optic materials<br />
Group R&D<br />
Precious metals products Thin film products
Research & Development<br />
Expenditure<br />
76 17<br />
200<br />
150<br />
100<br />
50<br />
0<br />
2.5%<br />
31<br />
25<br />
3.2%<br />
48<br />
44<br />
91<br />
R&D<br />
(in million €) €)<br />
5.7% 5.8% 5.8%<br />
5.4%<br />
104 112 110<br />
99 98<br />
125<br />
111<br />
7.1% 6.9%<br />
165<br />
149<br />
136<br />
120<br />
2002 2003 2004 2005 2006 2007 2008 2009<br />
Fully consolidated Associates<br />
R&D / revenues<br />
Restated for discontinued operations in 2004, 2006 and 2008<br />
•<br />
•<br />
•<br />
R&D expenditure currently at some 7%<br />
of revenues<br />
Some 80% of expenditure focused on<br />
Clean Technologies<br />
R&D efforts planned to continue at<br />
similar level
Research & development<br />
Focus<br />
77<br />
PMS<br />
5%<br />
R&D expenditure<br />
C<br />
ZS12%<br />
3%<br />
PMPC<br />
68%<br />
AM<br />
12%<br />
Corporate not included<br />
R&D expenditure<br />
Other<br />
20%<br />
Corporate not included<br />
Clean<br />
Technolo<br />
gies<br />
80%
Research & development<br />
Patent filings<br />
78<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
(# of filings)<br />
2004<br />
43<br />
Intellectual Property: Priority Filings 2004 - 2009<br />
2005<br />
22<br />
2006<br />
34<br />
2007<br />
Hanau Olen Total<br />
51<br />
2008<br />
43<br />
2009<br />
41
Group Research & Development<br />
Key activities<br />
79
Research & development:<br />
An integrated approach<br />
•<br />
•<br />
•<br />
80<br />
Technology platforms are found<br />
both in Group R&D and in the<br />
business unit R&D<br />
Part of the R&D performed by each<br />
BU is specific to the BU technology<br />
and market, and therefore might<br />
not fit in a technology platform<br />
Group R&D creates, fosters and<br />
develops Group innovation projects<br />
from the idea stage to venture unit<br />
status
•<br />
•<br />
•<br />
81<br />
Competence platform<br />
Recycling & Extraction Technology<br />
Development of metallurgical processes<br />
to close the materials loop:<br />
• Waste-free recycling<br />
• Green processes<br />
High throughput of precious and<br />
specialty metals<br />
Strong knowledge base built on historical<br />
expertise of the predecessors of <strong>Umicore</strong>
•<br />
•<br />
•<br />
82<br />
Competence platform<br />
Fine Particle Technology<br />
Development of micronand nano-sized<br />
functional materials: metals, alloys, oxides<br />
Functionalisation of particles for specific<br />
applications: coatings, dispersions<br />
Cost-effective industrial scale processing<br />
and production processes
•<br />
•<br />
•<br />
83<br />
Competence platform<br />
Scientific & Technical Operations Support<br />
State of the art laboratory and pilot<br />
installations<br />
Advanced research methods:<br />
• Computer modelling<br />
• High throughput experimentations<br />
• Data mining<br />
IP-protection, external funding, external<br />
network management and scouting
•<br />
•<br />
•<br />
84<br />
Competence platform<br />
Environment, Health & Safety (EHS)<br />
Scientific and technology development to<br />
implement <strong>Umicore</strong>’s EHS-policies<br />
EHS-related risk assessments<br />
Toxicity and exo-toxicity evaluation<br />
• Product life cycle analysis
•<br />
•<br />
85<br />
Competence platform<br />
Analytical Competencies<br />
Analytical services to business units and<br />
Group R&D<br />
Development and implementation of state<br />
of the art analytical tools
Research & Development<br />
Clean Technologies definition<br />
86
Recycling &&<br />
extraction extraction<br />
technology<br />
Fine particle<br />
technology<br />
BU specific<br />
technology<br />
Research & Development: Recycling solutions<br />
87<br />
Ge<br />
refining/<br />
recycling<br />
•<br />
Ceramics &<br />
chemicals<br />
•<br />
Rechargeable<br />
batteries<br />
Ge<br />
optics<br />
Advanced<br />
Materials Materials Materials<br />
Ni<br />
recycling<br />
Synthetic<br />
diamonds<br />
Co<br />
refining/<br />
recycling<br />
Thin film<br />
products<br />
Ge<br />
substrates<br />
Precious Metals<br />
Products Products & Catalysts<br />
RecyclingJewellery<br />
Jewellery<br />
solutionsrecycling<br />
recycling<br />
Technical<br />
materials<br />
Jewellery<br />
& industrial<br />
metals<br />
Precious<br />
metals<br />
chemistry<br />
Pt<br />
engineered<br />
materials<br />
Electroplating<br />
Precious Precious Metals<br />
Services<br />
Zinc<br />
Specialties<br />
Zn<br />
battery<br />
materials<br />
Corporate<br />
Corporate<br />
Industrial<br />
E-scrap<br />
by-products<br />
recycling<br />
recycling<br />
Solar-grade<br />
Zn<br />
Si<br />
recycling<br />
(HyCore)<br />
Catalyst Catalyst Battery<br />
recycling recycling recycling<br />
All business Tool groups Automotive have an Zn<br />
Fuel expertise cells / presence in recycling<br />
materials catalysts<br />
oxides<br />
technology<br />
It is a key component in<br />
•<br />
•<br />
•<br />
•<br />
Closing the materials loop and reducing energy consumption<br />
Providing economic value for both customers and <strong>Umicore</strong><br />
Promoting closer customer relationships<br />
Security of supply<br />
Fine Zn<br />
powders<br />
Building<br />
products<br />
Nanooxides
Recycling &<br />
extraction<br />
technology<br />
Fine particle<br />
technology<br />
BU specific<br />
technology<br />
Research & Development: Environmental solutions<br />
88<br />
•<br />
•<br />
Advanced<br />
Materials<br />
Precious Metals<br />
Products & Catalysts<br />
Automotive<br />
catalysts<br />
Pt<br />
engineered<br />
materials<br />
Precious Metals<br />
Services<br />
The majority of environmental solutions currently provided by<br />
<strong>Umicore</strong> are based on catalysts<br />
Zinc<br />
Specialties<br />
The market for environmental catalysis is evolving rapidly and<br />
requires constant innovation<br />
Fine Zn<br />
powders<br />
Corporate
Recycling &<br />
extraction<br />
technology<br />
Fine particle<br />
technology<br />
BU specific<br />
technology<br />
Research & Development: Energy solutions<br />
89<br />
•<br />
Rechargeable<br />
batteries<br />
Advanced<br />
Materials<br />
Thin film<br />
products<br />
Ge<br />
substrates<br />
Precious Metals<br />
Products & Catalysts<br />
Technical<br />
materials<br />
Fuel cells<br />
Precious Metals<br />
Services<br />
Zinc<br />
Specialties<br />
The focus is on materials used in the production of clean energy<br />
(e.g. photovoltaics, fuel cells) or in solutions for energy storage (e.g.<br />
lithium-ion rechargeable batteries)<br />
Building<br />
products<br />
Corporate<br />
Solar-grade<br />
Si (HyCore)
Research & Development<br />
Some notable recent Cleantech breakthroughs<br />
•<br />
•<br />
•<br />
90<br />
Energy Solutions<br />
•<br />
•<br />
Pioneer in new Li-ion materials e.g. Cellcore MX ® , QX ®<br />
Breakthrough in 12” and
Research & Development<br />
Pipeline: current Cleantech focus<br />
•<br />
•<br />
•<br />
91<br />
Energy Solutions<br />
•<br />
•<br />
•<br />
Development of next generation Lithium-ion battery materials<br />
Reforming, electro catalysis and coated membranes (SolviCore) for PEMFC – fuel cells<br />
Materials for photovoltaics (PV)<br />
•<br />
•<br />
Solar grade Silicon (HyCore)<br />
Next generation transparent conductive oxides for thin film solar cells<br />
Environmental solutions<br />
•<br />
•<br />
Next generation exhaust catalyst solutions for on-road and off-road applications<br />
Integrated solutions for electrification of drive-trains<br />
Recycling solutions<br />
•<br />
Innovative metallurgical recycling solutions
Olen site visit<br />
Agenda of the day<br />
11:30<br />
11:45<br />
12:15<br />
13:00<br />
13:30<br />
14:15<br />
14:30<br />
15:00<br />
15:45<br />
Introduction on <strong>Umicore</strong>, the Olen site and Advanced Materials<br />
Cobalt & Specialty Materials, with focus on rechargeable batteries<br />
Sandwich lunch<br />
Electro-Optic Materials, with focus on CPV<br />
Site visit of Electro-Optic Materials Olen<br />
Coffee break<br />
Group R&D<br />
Site visit of Group R&D Olen<br />
End
Forward-looking statements<br />
•<br />
•<br />
•<br />
•<br />
93<br />
This presentation contains forward-looking information that involves risks and<br />
uncertainties, including statements about <strong>Umicore</strong>’s plans, objectives,<br />
expectations and intentions.<br />
Readers are cautioned that forward-looking statements include known and<br />
unknown risks and are subject to significant business, economic and competitive<br />
uncertainties and contingencies, many of which are beyond the control of<br />
<strong>Umicore</strong>.<br />
Should one or more of these risks, uncertainties or contingencies materialize, or<br />
should any underlying assumptions prove incorrect, actual results could vary<br />
materially from those anticipated, expected, estimated or projected.<br />
As a result, neither <strong>Umicore</strong> nor any other person assumes any responsibility for<br />
the accuracy of these forward-looking statements.
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