EQS-News: Annual General Meeting approves dividend of EUR 1.20 per share

Press release
Siltronic AG
Einsteinstraße 172
81677 Munich
www.siltronic.com

Annual General Meeting approves dividend of EUR 1.20 per share

Munich, May 13, 2024 – At today's Annual General Meeting of Siltronic AG, the Executive Board and Supervisory Board looked back on a challenging financial year 2023. The continued weak demand, mainly due to increased inventories and the associated further postponement of delivery volumes, will also affect the current financial year.

In view of this expected development for 2024, at the Annual General Meeting the Executive Board proposed the distribution of a dividend of EUR 1.20 for the past financial year. The shareholders followed the proposal of the Executive Board and Supervisory Board, resulting in a total distribution of EUR 36 million to the company’s shareholders. This corresponds to a payout ratio of roughly 20 percent of the Group profit attributable to Siltronic shareholders. No further general changes to the dividend policy are planned.

All items on the agenda were approved by a large majority of shareholders. A total of 64.10 percent of Siltronic AG's share capital was represented at the Annual General Meeting.

The Annual General Meeting of Siltronic AG was held in person. The speeches of the CEO and the future Chief Operating Officer (COO) were broadcast live and are available on the company's website.

In his speech, CEO Dr. Michael Heckmeier addressed the 2023 financial year and the future development of Siltronic. “After a challenging financial year in 2023, we expect 2024 to be a year of transition to profitable growth, characterized by the ongoing weakness in demand. Driven by megatrends such as artificial intelligence, electromobility and digitalization, we expect demand to increase significantly in the medium and long term. Thanks to our new fab in Singapore, the global presence and high innovative strength, we are ideally positioned for this growth,” said Heckmeier.

Klaus Buchwald introduced himself in a short speech at the Annual General Meeting. He will take up his position as a new member of the Executive Board and COO of Siltronic AG on June 1, 2024 and will be responsible for Operations, Supply Chain, Engineering and IT.

“We are pleased to welcome Mr. Buchwald to the Executive Board of Siltronic AG. Together with Ms. Schmitt and Mr. Heckmeier he will contribute to the realization of our ambitions and the further profitable growth of Siltronic with his extensive expertise and in-depth knowledge of the semiconductor industry,” said Dr. Tobias Ohler, Chairman of the Supervisory Board of Siltronic AG.

The documents and voting results of the Annual General Meeting are available at https://www.siltronic.com/en/investors/annual-general-meeting.html.

Contact:
Verena Stütze
Head of Investor Relations & Communications
Tel.: +49 (0)89 8564 3133
E-Mail: investor.relations@siltronic.com

Company profile:
As one of the leading wafer manufacturers, Siltronic is globally oriented and operates production sites in Asia, Europe, and the USA. Silicon wafers are the foundation of the modern semiconductor industry and the basis for chips in all electronic applications – from computers and smartphones to electric cars and wind turbines. The international company is highly customer-oriented and focuses on quality, precision, innovation, and growth. Siltronic AG employs around 4,500 people worldwide and has been listed in the Prime Standard of the German Stock Exchange since 2015. Siltronic AG shares are included in both the MDAX and TecDAX stock market indices.