SGL CARBON SE — Earnings Release 2007

Oct 25, 2007

Results for the Nine Months 2007 October 25, 2007

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

G r o p u
	9 M h t o n s
i € i l l i n m o n	2 0 0 7	2 0 0 6
S l a e s	0 0 3 1 5 ,	8 8 6 5
1 ) E B I T D A	2 2 0 9	6 1 4 5
1 ) P f i f i ( E B I T ) t t r o r o m o p e r a o n s	1 8 5 1	1 2 3 6
P f i b f t t r o e o r e a x	2 6 1 1	9 4 4
N f i f i i i t t t t t t e p r o a e r m n o r y n e r e s s	9 7 4	1 7 4
S E P b i ( i € ) a s c n ,	2 1 5	0 2 8
S l i b h f i l 1 7 % / 2 1 % 4 % t a e s n c r e a s e y e r e o p r c e v o u m e c u r r e n c y : + : - , , M h i i i E B I T D A ( 3 4 % ) t t t o r e a n p r o p o r o n a e n c r e a s e n + E B I T h d d l l f € 1 8 5. 1 i l l i ( 5 0 % 9 M / 0 6 b f i t t r e a c e r e c o r e e o m o n s. e o r e a n r s v v u + C i i 9 M / 0 7 € 2 2 i l l i t o s s a n g s n a p p r o m o n v x. P f i b f h d b l d € 1 2 6. 1 i l l i i 9 M / 0 7 t t t t r o e o r e a m o r e a n o e o m o n n x u N f i f i i i h d l d € 7 9. 4 i l l i t t t t t t t t e p r o a e r m n o r n e r e s s m o r e a n q a r p e o m o n y u u 1) B fo f fec fro E C J de is ion f € 2 3. i l l ion in 2 0 0 6 t 5 m e re e m c o	i 2 0 0 6 ) t e p e n s e n x
2 - -

P f P d ( P P ) t e r o r m a n c e r o u c s
	9 M h t o n s
i € i l l i n m o n	2 0 0 7	2 0 0 6
S l a e s	6 0 3 9	0 9 2 5
E B I T D A	9 6 1 4	1 4 4 7
P f i f i ( E B I T ) t t r o r o m o p e r a o n s	1 7 6 6	1 2 1 5
R l t e r n o n s a e s u	2 9 2 %	2 3 9 %
S l i 9 M / 0 7 9 M / 0 6 1 9 % h f i / l t a e s n c r e a s e v s e r e o p r c e v o u : , S d d f l d i d d f l t t r o n g e m a n r o m s e e a n g r o n g e m a n r o m a w i l l i i i l l b i l i d n s e n g p r c e n c r e a s e s a c r o s s a s n e s s n e s a n u E B I T i b d i i i d l 4 5 % t t n c r e a s e y u e o p o s v e p r c e a n v o u m e f € 0 i l l i 1 o m o n	2 3 % m e c u r r : + , i i d t m n m n s u u u i i l t p o s e o m v v u f f l l t e e c s a s w e	4 % e n c y : – f l d t r r e e c e y f f t e e e c s i a s s a v n g s
3 - -

G S G S h i M i l & ( M ) t t t r a p e a e r a s s e m s y
M h 9 t o n s
i € i l l i n m o n	2 0 0 7	2 0 0 6
S l a e s	2 7 2 7	2 4 8 0
E B I T D A	4 7 4	3 9 6
P f i f i ( E B I T ) t t r o r o m o p e r a o n s	3 7 0	2 9 3
R l t e u r n o n s a e s	1 3 6 %	1 1 8 %
S l i 9 M 0 9 M 0 6 0 h f i l / 7 / 1 % / t a e s n c r e a s e v s e r e o p r c e v o u : , E B I T i b 2 6 % d i i i d l t t n c r e a s e y u e o p o s v e p r c e a n v o u m e h i h i l i i l l i f € 7 i l l i t t g u z a o n a s w e a s s a v n g s o m o n S d d i i i l l f l L E D t t t r o n g e m a n s u a o n e s p e c a y r o m s o a r, s e , l i h i i b i d h i l i d i t t t t u m o n a e r e s a n c e m c a n u s r e s - ,	1 4 % m e c u r r : + , d l t e v e o p m e n s i d t m c o n u c o r,	4 % e n c y : - ,
4 - -

C C C b F i b & i ( F t a r o n e r s o m p o s e s	C )
	M h 9 t o n s
i € i l l i n m o n	2 0 0 7	2 0 0 6
S l a e s	1 2 3 7	9 6 8
E B I T D A	8 9	3 8
P f i f i ( E B I T ) t t r o r o m o p e r a o n s	2 3	2 6 -
R l t e u r n o n s a e s	1 9 %	2 7 % -
S l i 9 M / 0 9 M / 0 6 2 8 h f i / l 7 % t a e s n c r e a s e v s e r e o p r c e v o u : , S l l i b f i b i t t t r o n g s a e s v o u m e s n c a r o n e r s c o m p o s e m a e , E B I T i 9 M / 0 i h € 2 3 i l l i i i i i d 7 t t t t n w m o n n p o s v e e r r o r y e s f i b d i i Q 0 i i 9 M 0 1 / 7 / 7 t t t e r p r o c o n n n e g a e m p a c o n e a u v – d i Q 3 0 / 7 m a e p n u	3 0 % m e c u r r : + , i l d b k r a s a n r a e i d i i t t p e s r u p o n i i l l t r n n g s p a r a y	2 % e n c y : - d i s c s i b n c a r o n
5 - -

C C C l T & I d t t t e n r a a n o r p o r a e o s s
	M h 9 t o n s
i € i l l i n m o n	2 0 0 7	2 0 0 6
O h R t e r e e n e v u	5 0	4 6
C l T & I t t e n r a c o s s	6 0 -	6 1 -
C t t o r p o r a e c o s s	2 4 8 -	2 3 0 -
A i t t t n r u s e x p e n s e	-	2 3 5 -
C l T & I € 6 i l l i i f l d b f i t t t t e n r a c o s s a m o n n u e n c e y r s p a y m f h i f b f i b d b f i b p r o e s s o r s p o r c a r o n e r s a n c a r o n e r c o m p o U i i f M i h t n e r s o n c v y u C I i i l d t t t t t n c r e a s e n o r p o r a e c o s s n p a r r e a e o m a n a g e m l i f l d b h i h k l i f h t t p a n s n u e n c e y g e r m a r e v a u a o n s o r s a r e S L i d i h U d l i i i l l t t t t t o w e r c o s s a s s o c a e w e s n g p a r a y c o m j l l d l b i l d f l t t t p r o e c c o s s a s w e a s g r a u a u u p o c e n r a s e r v	f b l i t t e n o r e s a s i T h i t t s e s a e c n i i t t e n n c e n v e b d a s e p r o g r a m d b h i t p e n s a e y g i c e s	h i n g l c a s h k d t e r m a r e a n
6 - -

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

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

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

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

	9 M	h t
	o n	s
( i i l l i ) € n m o n	2 0 0 7	2 0 0 6
C h i d d b i i i i t t t a s p r o v e y o p e r a n g a c v e s
b f i t t t t e o r e a n r u s p a y m e n s	0 3 8 1	6 9 5
P l i i d i t t t t t t a m e n s r e a n g o a n r s p r o c e e n g s y u	2 2 5 -	9 8 8 -
C h i d d b d i i i i i / t t t a s p r o v e y u s e n o p e r a n g a c v e s	8 3 1	2 9 3 -
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	7 0 1 -	4 2 7 -
F h f l * r e e c a s o w	3 3 7	2 6 8
C h i d d b f i i i i i t t a s p r o v e y n a n c n g a c v e s	3 2 4	6 3 6
C h i h d h i t a n g e n c a s u e o c a n g e s n s c o p e
f l i d i t o c o n s o a o n	8 1 -	0 0
E f f f f i h h t t e c o o r e g n e x c a n g e r a e c a n g e s	0 4 -	1 0 -
N h i h d h i l t t e c a n g e n c a s a n c a s e q a e n s u v	2 2 5	9 4 -
C h d h i l d f i d t t a s a n c a s e q u v a e n s a e n o p e r o	1 5 5 2	8 4 0
* De f in d h i de d by in iv i ies be fo i t t t t tru t p ts e as c as p ro v o p er a g ac re a n s ay m en	in h d in inv in t m us c as us e es g	iv i ies t t ac

• Outlook for FY 2007 confirmed Consolidated sales will grow up to 15% EBIT expected to improve by around 45% compared to 2006 EBIT (before antitrust effect) Financial result including one-off effects from new financing structure around minus € 70 million (excluding valuation effects of interest and currency hedging instruments) Pre tax and net profit to more than double, assuming a tax rate of 35% Capital expenditure level of up to € 120 million

• Initial Outlook for ²⁰⁰⁸ Consolidated sales growth more than 5% EBIT increasing more than proportionately to sales Financial result of around minus € 40 million (excluding valuation effects of interests and currency hedging instruments) Pre tax and net profit to increase by higher rate than EBIT Detailed guidance on 2008 to be given on March 13, 2008 at presentation of full year results 2007

• Mid term Targets 2007-2011 Group Sales growth: 40-50% ROS: 12-16% ROCE: 17-22% Performance Volume growth: 2-3% p.a. Products (PP) ROS: >20% Graphite Materials & Sales growth: 6-8% p.a. Systems (GMS) ROS: 10-15% Carbon Fibers & Sales growth: >15% p.a. Composites (CFC) ROS: >10%

Acquisition of epo GmbHStrategic fit and market share strengthening

• Key Facts Strong market share in the fast growing Composite Materials market and co-market leader in Europe for UD-orientated textile products and prepregs (for industrial applications) Advanced technology and modern equipment to provide high quality products for new applications such as Aerospace (Airbus qualified) strong growth demonstrated in recent years and active in attractive markets China and North America Synergies especially in production set-up and market access Background EPO GmbH (Willich) established 1995 Strong growth demonstrated in past years (> 15% p.a.) New production facility Sales ~ 20 €m (2006) The acquisition enhances SGL's market position and fits to SGL CFC Strategy

Carbon Fibers & Composites Strategic positioning

Mid term targets:

• •Sales growth by 2011: > 15% p.a.

• •ROS 2011: >10% p.a. (2007 positive ROS, 2008 high single digit ROS)

• Strategy: Increase in carbon fiber capacities on the basis of company's own PAN precursor Development of composite materials on the basis of company's own 50K carbon fiber Achievement of a leading global position for carbon fibers and composite materials Support for organic growth through strategic partnerships and acquisitions for special segments with carbon composites, e.g. aerospace and automotive industry SGL Group as the sole European integrated carbon fiber and composites manufacturer

Important Notice

Forward-looking statements:

This presentation contains statements on future developments that are based oncurrently available information and that involve risks and uncertainties that couldlead 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 inpolitical, 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.