SGL CARBON SE — Earnings Release 2006

Apr 25, 2006

Results of the First Quarter 2006

April 25, 2006

Prepared in accordance with International Financial Reporting Standards, IFRSs (unaudited)

Group

F i t r s	Q t a r e r u
-----------------------	---------------------------------

i i l l i € n m o n	2 0 0 6	2 0 0 5
S l a e s	2 6 7 3	2 0 4 1
E B I T D A	4 5 9	3 5 5
E B I T	3 3 1	2 3 1
I b f t n c o m e e o r e a x e s	2 0 8	8 2
N f i b f i i i t t t t t e p r o e o r e m n o r y n e r e s s	2 1 4	3 9
S E P ( i € ) n	0 2 2	0 0 7

• Sales increase by 11%, currency-adjusted by 8%
• More than proportionate increase in EBITDA (29%) and EBIT (55%)
• Pre tax earnings more than doubled, net profit and EPS more than tripled

Carbon and Graphite (CG)

First Quarter

i i l l i € n m o n	2 0 0 6	2 0 0 5
S l a e s	1 5 2 7	3 3 1 4
E B I T D A	3 8 4	3 4 5
E B I T	3 1 5	2 6 8
R l t e u r n o n s a e s	2 0 6 %	1 8 7 %

• Sales increase Q1/06 vs. Q1/05: 7%, thereof
  • - volume: -9% - currency: 4% - price: 12%
• EBIT increased by 18% vs. Q1/2005 because of higher prices and further cost savings

• GE volumes: 45kt (Q1/05: 52kt)

• GE prices + 21% in US Dollar, + 10% in Euro vs. Q1/05

• Increase in factor costs of around 10-15% vs. 2005

Specialties (S)

First Quarter

i i l l i € n m o n	2 0 0 6	2 0 0 5
S l a e s	7 2 3	5 9 1
E B I T D A	1 1 7	4 7
E B I T	8 8	1 5
R l t e u r n o n s a e s	2 2 1 %	2 5 %

Sales increase Q1/06 vs. Q1/05: 22%, thereof volume/price:19% currency: 3%

• Good demand situation especially from North America, automotive and mechanical applications as well as solar industry
• EBIT increased more than fivefold to € 8.8 million from € 1.5 million

ROS with 12.2% first time within targeted 10-15%

SGL Technologies (T)

	Q F i t t r s u a r e r
i i l l i € n m o n	2 0 0 6	2 0 0 5
S l a e s	4 1 8	3 8 0
E B I T D A	2 0	2 8
E B I T	0 8 -	0 5 -
R l t e u r n o n s a e s	9 1 % -	3 1 % -

Sales increase Q1/06 vs. Q1/05: 10%, thereof

• - volume/price: 7% - currency: 3%
• Increased sales in carbon fibers and carbon fiber composites
• EBIT affected by approx. €1 million Chapter 11 receivables writedown for DANA Corp.

Corporate Costs

	Q F i t t r s u a r e r
i i l l i € n m o n	2 0 0 6	2 0 0 5
C C t t o r p o r a e o s s	6 4 -	6 5 -

Almost flat despite increased expenses related to SOX and higher sharebased payments

Consolidated Income Statement

First Quarter

( i i l l i h ) € t t n m o n e x c e p p e r s a r e a m o u n s ,	2 0 0 6	2 0 0 5
S l a e s r e v e n u e	2 6 7 3	2 4 1 0
G f i t r o s s p r o	8 2 1	6 6 3
S l l i d i i i d R & D t t e n g a m n s r a e a n v ,	4 9 0 -	4 5 0 -
E B I T	3 3 1	2 3 1
N f i i t t e n a n c n g c o s s	1 2 3 -	3 1 1 -
P f i b f t t r o e o r e a x	2 0 8	8 2
I t n c o m e a e s x	8 4 -	4 3 -
N f i f h i d t t t e p r o o r e p e r o	1 2 4	3 9
E i h a r n n g s p e r s a r e	0 2 2	0 0 7

Net Financing Costs

First Quarter

( i € i l l i h ) t t n m o n e x c e p p e r s a r e a m o u n s ,	2 0 0 6	2 0 0 5
I l ( ) t t t n e r e s e x p e n s e o n o a n s n e	6 4 -	0 7 -
I i t t n e r e s e p e n s e o n p e n s o n s x	3 3 -	3 1 -
I i ( h ) t t t t t n e r e s e x p e n s e o n a n r u s n o n -c a s	0 7 -	3 1 -
T l i t t t t o a n e r e s e x p e n s e n e ,	1 0 4 -	1 1 4 -
C d h d i l i d j f i t t t t t t r r e n c a n e g n g a a o n a s m e n o a n r s u y v u u u l i b l i i ( h ) t a e s n o n -c a s	0 0	0 7 -
A i i f f i i t t t m o r z a o n o r e n a n c n g c o s s	0 9 -	1 0 -
O h t e r	0 1 -	0 0
N f i i t t e n a n c n g c o s s	2 3 1 -	3 1 1 -

Consolidated Balance Sheet - Assets

( i i l l i ) € n m o n	M h 3 2 0 0 6 1 a r c ,	D 3 1 2 0 0 5 e c ,
S S S A E T
N t t o n c r r e n a s s e s u -
I i b l t t n a n g e a s s e s	8 5	8 6
P l d i t t t r o p e r p a n a n e q p m e n y u ,	3 4 1	3 4 6
L i t t t o n g e r m n e s m e n s v -	1 5	1 5
D f d t t e e r r e a x a s s e s	1 2 3	1 2 9
	5 6 4	5 7 6
C t t u r r e n a s s e s
I i t n e n o r e s v	2 9 7	2 8 1
T d i b l r a e r e c e a e s v	1 9 5	1 9 5
O h t t t e r c r r e n a s s e s u	3 6	3 4
C h d h i l t a s a n c a s e q a e n s u v	1 4 8	9 3
A h l d f l t s s e s e o r s a e	4	4
	6 8 0	6 0 7
T l t t o a a s s e s	2 1 4 4	8 3 1 1

Consolidated Balance Sheet - Liabilities

( i i l l i ) € n m o n	M h 3 2 0 0 6 1 a r c ,	D 3 1 2 0 0 5 e c ,
E Q U I T Y A N D L I A B I L I T I E S
S h h l d ' i t a r e o e r s e q u y	4 2 1	3 2 2
T l i i l d i i i i t t t o a e q u y n c u n g m n o r e s	4 2 2	3 2 3
N l i b i l i i t t o n c u r r e n a e s -
F i i l l i b i l i i t n a n c a a e s	3 2 7	3 3 6
P i f i d h l b f i t t r o v s o n s o r p e n s o n s a n o e r e m p o y e e e n e s	1 6 0	1 5 9
D f d l i b i l i i t t e e r r e a x a e s	3 1	3 5
O h l i b i l i i t t e r a e s	0	1
O h i i t e r p r o v s o n s	1 4	1 3
	5 3 2	5 4 4
C l i b i l i i t t u r r e n a e s
F i i l l i b i l i i t n a n c a a e s	2	6
T d b l r a e p a a e s y	8 1	8 9
O h l i b i l i i t t e r a e s	6 5	7 0
O h i i t e r p r o s o n s v	1 4 2	1 5 1
	2 9 0	3 6 1
T l i d l i b i l i i t t t o a e q a n a e s u y	2 1 4 4	8 3 1 1
1 0

Consolidated Cash Flow Statement*

( i € i l l i ) n m o n	2 0 0 6	2 0 0 5	h c a n g e
E i b f t a r n n g s e o r e a x	2 0 0 6 2 1	8	2 0 0 6 3 1 +
D i i d i i t t t e p r e c a o n a n a m o r z a o n	3 1	1 4	1 -
R f i i t e n a n c n g c o s s	1	1	0
T d i d a x e p a	5 -	2 -	3 -
P i d i f i i l d b t t t a n e r e s o n n a n c a e	1 3 -	1 4 -	1 +
N h i i i t e c a n g e n p r o v s o n s	2	6 -	8 +
C h i k i i l t a n g e n o r n g c a p a w	2 8 -	2 3 -	5 -
O h i l i b i l i i / t t t t e r o p e r a n g a s s e s a e s	8	2 1	4 -
C h d i i i i i b f t t t a s s e n o p e r a n g a c e s e o r e u v
i t t t t a n r u s p a y m e n s	1 -	0 1 -	9 +
C h d i i i i i i t t t a s u s e n n v e s n g a c v e s	1 2 -	7 -	5 -
F h f l r e e c a s o w	3 1 -	1 7 -	4 +

* Analog to the reporting in the 2005 annual report the quarterly cash flow statement follows the indirect method as defined under IAS 7

** Defined as cash used in operating activities before antitrust payments plus cash used in investing activities

Capital Expenditures and Depreciation

(excl. expenditures and depreciation of intangible assets)

Outlook for Q2/2006 vs. Q2/2005

Group:

Further sales growth of approx. 5% Further improvement in EBIT of at least 20%

CG:

Sales increase 5-10% EBIT growth of approximately 20%

S:

Sales and EBIT levels comparable to strong Q2/05

T:

Stable sales due to project-related order and delivery cycles Improved EBIT

Outlook for FY 2006

Sales to increase by around 5%

• Low double digit growth in EBIT and positive net income
• Reduction of net debt to below € 240 million (before capital increase)

Forward-looking statements:

This presentation contains statements on future developments that are based on currently available information and that involve risks and uncertainties that could lead to actual results deviating from these forward-looking statements. The statements on future developments are not intended as guarantees; rather, such developments and results are dependent on a number of factors, they contain various risks and uncertainties and are based on assumptions that may prove to be incorrect. These risks and uncertainties include, for example, unforeseeable changes in political, economic and business conditions, particularly in the area of electric steel production, the competitive situation, interest rate and currency developments, technological developments and other risks and unanticipated circumstances. We see other risks in price developments, unexpected developments relating to acquired and consolidated companies, and ongoing cost optimization programs. SGL Carbon does not intend to update these forward-looking statements.