Online Service

Virtual Annual Shareholders' Meeting on August 4, 2020

Here you can find all the information about the Annual Shareholders' Meeting which will take place virtually.

Online service for our shareholders

Due to the ongoing corona pandemic, Wacker Chemie AG has decided to hold a virtual Annual Shareholders’ Meeting this year, without the physical presence of its shareholders or their proxies.

Here you can find all the information about the Annual Shareholders' Meeting 2020.

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Hotline

For questions and/or suggestions, we will be glad to attend to you on telephone +49 89 6279-1444 (from Monday to Thursday, between 09:00 a.m. and 12:00 p.m. (noon)) or you can contact us via E-Mail: hauptversammlung@wacker.com.

Invitation

Dear Shareholders,

The coronavirus pandemic has significantly impacted our lives and work environment over the past several months. At WACKER, we have taken all necessary measures to ensure that production continues. In doing so, our top priority has always been – and remains – to protect the health of our employees to the greatest possible degree. And we have been successful so far.

Due to the coronavirus pandemic, German legislation now includes a special temporary rule that permits us to hold the Annual Shareholders’ Meeting without shareholders being physically present. The Executive Board has decided, with the consent of the Supervisory Board, to make use of this option. The virtual Annual Shareholders’ Meeting enables us to protect your health, as well as the health of our employees and service providers, and to minimize the risks for all participants as far as possible.

For you as a shareholder, this means that you can follow the entire Annual Shareholders’ Meeting live via the internet. After registering by the time specified, you will be able to exercise your voting rights either via absentee voting or the Company-appointed proxies. This is possible either in advance of the Annual Shareholders’ Meeting or online during the event. You can submit your questions about agenda items beforehand.

Even though this year’s Annual Shareholders’ Meeting is going to differ greatly from those in past years, we look forward to continuing our dialogue with you.

We had a challenging year in 2019, with economic momentum weakening significantly during the year. The main factors dampening our operating performance were substantially lower average prices for solar-grade polysilicon and price declines for standard silicones. On balance, price effects reduced Group sales by €365 million. Sales came in at €4.93 billion, down 1 percent versus the previous year. EBITDA came in at €783.4 million, down 16 percent. It included insurance compensation of €112.5 million for the damage related to the incident at our Charleston plant (USA) in 2017.

Contrary to our assumption at the beginning of 2019, solar-grade polysilicon prices did not recover in the second half-year. After adjusting our price outlook accordingly, we recognized an impairment charge of €760 million on our facilities. This not only impacted EBIT (earnings before interest and taxes), but also weighed on the Group’s net result, where we posted a loss of €630 million.

At WACKER SILICONES, business normalized after the market shortages of 2018. At WACKER POLYMERS and WACKER BIOSOLUTIONS, performance was good given the challenging economic conditions. Both divisions generated sales and EBITDA growth.
The Executive and Supervisory Boards will propose to the Annual Shareholders’ Meeting that a dividend of 50 cents per share be distributed. This proposal is a sign of our confidence in the company’s future.

We hereby invite WACKER’s shareholders to attend the Annual Shareholders’ Meeting of Wacker Chemie AG, Munich, on Tuesday, August 4, 2020, at 10:00 a.m. Central European Time.

This year’s Annual Shareholders’ Meeting is being held as a virtual Annual Shareholders’ Meeting, with neither shareholders nor their authorized representatives (other than Company-appointed proxies) physically present. The virtual Annual Shareholders’ Meeting will be streamed live from WACKER’s headquarters at Hanns-Seidel-Platz 4, 81737 Munich, Germany, on the internet at: www.wacker.com/hauptversammlung

Sincerely,
Wacker Chemie AG

Dr. Peter-Alexander Wacker
Chairman of the Supervisory Board

Dr. Rudolf Staudigl
President and CEO

Agenda (summary)

  • Presentation of the adopted Annual Financial Statements as of December 31, 2019, the approved Consolidated Financial Statements as of December 31, 2019, and the combined 2019 Management Report including the Executive Board’s Explanatory Report on the information pursuant to Section 289a (1) and Section 315a (1) of the German Commercial Code (“HGB”), and of the 2019 Supervisory Board Report
  • Resolution on the Appropriation of Profits
  • Resolution on the Ratification of the Actions of the Executive Board
  • Resolution on the Ratification of the Actions of the Supervisory Board
  • Election of the Auditor of Financial Statements
  • Resolution on the Authorization to Acquire and Utilize Treasury Shares, and on the Exclusion of Preemptive and Tender Rights
  • Resolution on Amendments to Section 14 of the Articles of Association

Downloads and Documents

Further documents on the Annual Shareholders’ Meeting will be available just prior to August 04.

Virtual Annual Shareholders' Meeting 2020 – Procedure

  • The entire Annual Shareholders’ Meeting will take place virtually and without participants physically present. It will be streamed live for all shareholders online in the shareholder portal.
  • Shareholders can submit their questions about agenda items beforehand. Questions from shareholders submitted via the shareholder portal by the end of August 1, 2020 will be answered during the Annual Shareholders’ Meeting. When answering questions, we intend to only state questioners’ names if this is expressly desired. Please also refer to the more detailed explanations on shareholder rights and data protection provided in the invitation, on our website and in the shareholder portal.
  • Countermotions and election nominations properly received by the Company by, at the latest, 12:00 midnight (CET) on July 20, 2020 will be made accessible on the Company’s website immediately after receipt under the further preconditions of Sections 126 and 127, AktG, including the name of the shareholder and – for motions – the justification.
  • Shareholders who have properly registered can watch live video and audio of the entire Annual Shareholders’ Meeting in the shareholder portal starting at 10:00 a.m. (CET) on August 4, 2020. The shareholder portal will be available as of July 14, 2020.
  • For further questions and/or suggestions, we will be glad to attend to you on telephone 089 6279-1444 (from Monday to Thursday, between 09:00 a.m. and 12:00 p.m. (noon)) or you can contact us via E-Mail: hauptversammlung@wacker.com.

Your Questions

Investor Portal and Livestream

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The Annual Shareholders' Meeting 2020 live

You can access the shareholder portal as of July 14, 2020. To use the shareholder portal, shareholders need to log in with their individual access data (participant no. and code) that they received in their registration confirmation.

The livestream of the Annual Shareholders’ Meeting via the shareholder portal will begin at 10:00 a.m. (CET) on August 4, 2020. All registered shareholders can watch the entire Annual Shareholders’ Meeting live there.

Further Information

Contact

Do you have questions about the virtual Annual Shareholders' Meeting 2020?

Our Investor Relations team is always happy to help.

For further questions and/or suggestions, we will be glad to attend to you on telephone +49 89 6279-1444 (from Monday to Thursday, between 09:00 a.m. and 12:00 p.m. (noon)) or you can contact us via E-Mail: hauptversammlung@wacker.com.

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