schreef:
Having said that, we are confirming, and I think what I’ve told you before should give you confidence in that post 2023
, so starting in 2024, we will be rapidly ramping up our market shares with secured volumes. A large portion of that, of course, is coming then from the year ’25 through our planned joint venture with Volkswagen; but even before that we would be able not today but
at a later stage announce other customer contracts on the high-nickel side.We are in
advance qualification with key customers, and we will already start with, let's say, even in ’22 with high-nickel volumes growing that then into ’23 and then have, let's say, the
breakthrough year of ’24, where we will disproportionately or over proportionally benefit from the growth. And as we see today, gain market share together with the businesses that we have been able to secure by then from our customers. [/quote]
Nog een belangrijk stuk over capex density. Niet onbelangrijk voor de ROCE (& schuldniveau).
[quote]
Mathias Miedreich:...
you talk about the CapEx density and please understand we – I cannot give you anyway difficult to talk about numbers here. But now in this joint venture contract formation, we really have to – we have to stick to our agreements and cannot tell you anything right now. But what I can tell you is that you know that our plant in Nysa is the latest instalment of the capacities that we are going forward with a certain capacity density.
And we will be able to support the next capacity increases post 2025, not just in an incremental base but we are preparing really some breakthrough technologies here on the process side that would enable to have a significant impact on CapEx density.
...
Mathias Miedreich: Filip, you want to – Filip continue?
Filip Platteeuw: No, just to add indeed, I think because ’25 sounds like a long time away but actually it’s kind of tomorrow, so will come in ’23, ’24. You see that the first step is the 20 gigawatt that’s the first intention. I would just to underwrite indeed the importance of capital intensity in the overall equation of the attractiveness of this business.
I think sometimes when you see people making statements on returns, very much it’s because of the hurdle in terms of capital intensity we’ve seen that. I think that’s a big advantage –
one of the big advantages of Umicore related to our process technology is that we’re able to provide to our customer the best-in-class process technology and therefore lowest capital intensity as part of that, because if you look at this business, indeed, it’s very capital intensive.
So if you can make a different, it really comes to the overall equation of returns and profitability of this business.