Cicor Technologies · SIX:CICN
Cicor Technologies — Shareholder Meeting (April 2024)
100 slides from Cicor Technologies's shareholder meeting presentation, Apr 18, 2024
Slide 1: Annual General Meeting 2024
Annual General Meeting 2024 Cicor Technologies Ltd. April 18, 2024 Daniel Frutig Chairman of the Board of Directors
Slide 2: Opening
cicor Daniel Frutig Opening
Slide 3: Opening
Annual General Meeting 2024 of Cicor Technologies Ltd. Opening For the comfort of all during the meeting, I would ask each speaker to use the microphones provided and to announce himself/herself with his/her name. If any shareholders wish to leave the room during the meeting, I would ask them to lea
Slide 4: List of attendance
Computershare List of attendance 4
Slide 5: Agenda of the AGM 2024
Daniel Frutig Agenda of the AGM 2024 5
Slide 6: Agenda items and proposals of the Board of Directors
Annual General Meeting 2024 of Cicor Technologies Ltd. Agenda items and proposals of the Board of Directors • Opening and welcome by the Chairman and Report of the Executive Board • Management Report by the CEO and the CFO • Proposals and explanations 1. Annual report, annual financial statements an
Slide 7: Agenda items and proposals of the Board of Directors
Annual General Meeting 2024 of Cicor Technologies Ltd. Agenda items and proposals of the Board of Directors 8. Re-elections of the Board of Directors 8.1 Re-election of Mr. Daniel Frutig 8.2 Re-election of Ms. Norma Corio 8.3 Re-election of Ms. Denise Koopmans 8.4 Re-election of Mr. Konstantin Ryzhk
Slide 8: Introduction by the Chairman
Daniel Frutig Introduction by the Chairman 8
Slide 9: Key Results 2023
Introduction by the Chairman Key Results 2023 Net sales Sales growth CHF 389.9M 24.5% Organic growth of 11.1% EBITDA margin FY 2023 Book-to-bill rate FY 2023 11.6% 1.03 Sales to strategic markets Return on Invested Capital FY 2023 84% 14.4% Industrial, Medical, Aerospace & Defence 9
Slide 10: Reflecting on our challenging social and geopolitical conditions
Introduction by the Chairman Reflecting on our challenging social and geopolitical conditions • War in Europe between Russia and Ukraine und since October 2023 even in Israel and Palestine • Climate change, record inflation and a general crisis of democracy • Supply Chain and geopolitical uncertaint
Slide 11: Value Creation Framework of Cicor
Introduction by the Chairman Value Creation Framework of Cicor Creating sustainable value for shareholders and stakeholders Leveraging on Distinction Good Corporate our capabilities Be the partner of Governance choice Platform for profitable growth 11
Slide 12: Executing on our growth strategy
Introduction by the Chairman Executing on our growth strategy • Leading position in the three target markets • Since last AGM: excellent new companies acquired • STS Defence Ltd • Evolution Medtec Srl • TT Electronics IoT Solutions Ltd • Full pipeline of new business • Attractive production footprin
Slide 13: Cicor's ESG strategy was systematically enhanced in 2023
Introduction by the Chairman Cicor’s ESG strategy was systematically enhanced in 2023 • Maintaining and strengthening strong environmental, social and governance values • Integrated sustainability report in accordance with the standards of the Global Reporting Initiative (GRI) and the legal requirem
Slide 14: Creating value & adhere to Good Corporate Governance
Introduction by the Chairman Creating value & adhere to Good Corporate Governance • Principles of good governance • Fair business practices • Waiver of a dividend to continue to implement our acquisition-driven growth path within the framework of balanced debt • Positive Q1/2024 results 14
Slide 15: Management Update
Alexander Hagemann Management Update 15
Slide 16: "Cicor inside" in three core markets
Electronification of everything “Cicor inside” in three core markets Medical Industrial Aerospace & Defence 29% of sales in 2023 39% of sales in 2023 16% of sales in 2023 Cicor helps improve Cicor is at the forefront Solutions from Cicor in global healthcare by the of technology, driving aircrafts,
Slide 17: Creating strategic partnerships with customers
One stop shop Creating strategic partnerships with customers 17
Slide 18: Medical technology
Building ofin 2023 29% of sales leading platforms in attractive markets Medical technology • Boudry, Bronschhofen, Wangs (Switzerland) • Buttlar, Dresden, Radeberg, Wutha-Farnroda (Germany) • Hartlepool (UK) Sales CAGR ‘21-’23 Share of Cicor sales ‘23 Market position Europe • Arad, Bucharest (Romani
Slide 19: Aerospace & Defence
Building ofin 2023 29% of sales leading platforms in attractive markets Aerospace & Defence Sales CAGR ‘21-’23 Share of Cicor sales ‘23 Market position Europe • Bedford, Gosport, Newport (UK) 66% 16% No. 1 • • Boudry, Bronschhofen, Wangs (Switzerland) Radeberg, Ulm (Germany) • Supporting the leading
Slide 20: Close to customers and competitive
Global footprint Close to customers and competitive 20
Slide 21: Cicor in 2023
Alexander Hagemann Cicor in 2023 21
Slide 22: Highlights 2023
Cicor in 2023 Highlights 2023 New record figures for order intake, sales and earnings Continued positive book-to-bill ratio Focus on medical, industrial, and aerospace & defence markets Acquired businesses delivered above expectations Strategic Partnership with Clayens M&A fueled and organic growth
Slide 23: Further strengthening of target markets: Industrial, Medical, A&D
Cicor in 2023 Further strengthening of target markets: Industrial, Medical, A&D Sales by industry Sales by region 23
Slide 24: EMS Division takes another step forward
Electronic Manufacturing Services (EMS) EMS Division takes another step forward • Winning important new customers • Progress in operational excellence • Increased working capital efficiency • Excellent performance of acquired companies • Acquired UK-based STS Defence Limited - the transaction was co
Slide 25: AS Division with recovery in H2
Advanced Substrates (AS) AS Division with recovery in H2 • Satisfying performance in H2 after a weaker H1 • AS remains strategic to Cicor as a technology powerhouse • AS opportunities support the growth of Cicor in Medical and Aerospace & Defense markets • Printed Circuit Board (PCB) production with
Slide 26: Business Update Q1/2024
Alexander Hagemann Business Update Q1/2024 26
Slide 27: Cicor records solid growth in the first quarter
Business Update Q1/2024 Cicor records solid growth in the first quarter and further strengthens its position in the core markets • Sales increased by 11.8% to CHF 107.3 million (Q1/2023: CHF 96.0 million) • Organic sales growth of 0.3% • Order intake of CHF 97.4 million (Q1/2023: CHF 95.0 million) •
Slide 28: M&A Update
Alexander Hagemann M&A Update 28
Slide 29: A strong platform for organic growth and industry consolidation
M&A Update A strong platform for organic growth and industry consolidation Focus on our three Strategic customer Active consolidation core markets with relationships through through M&A highly profitable excellent solution high-mix/low-volume finding, differentiated businesses technology portfolio a
Slide 30: The EMS market is highly fragmented and growing
Rationale for M&A – the external market view The EMS market is a highly fragmented and growing market, pre- destined for consolidation through M&A Highly fragmented market Large, growing market High customer loyalty Clear economies of scale • 1.700 EMS companies in • EMEA’s EMS market has a • Cicor
Slide 31: Cicor has acquired 7 companies since launch of active M&A strategy
Introduction - Timeline of executed transactions Cicor has successfully acquired 7 companies since launch of its active M&A strategy Carve-out from Jan-2023 Further strengthening of Dec-2021 presence in Germany Jan-2024 Apr-2024 Strengthening presence through acquisition of Expansion of presence Acq
Slide 32: Acquisition of STS Defence Limited
Recent acquisitions Acquisition of STS Defence Limited Key facts Product examples Location: Gosport, UK (120km south of London) FTE: 150 Design Financials: GBP 27.5M of sales (FY 2023) with of Type 26 has acquired 100% of the shares of strong operating margins communication masts the UK based STS De
Slide 33: Acquisition of Evolution Medtec Srl
Recent acquisitions Acquisition of Evolution Medtec Srl Key facts Product engineering Location: Bucharest, Romania examples FTE: 25 Sales: in the lower single-digits million Euro has acquired 100% of the shares range for FY 2023 of the Romanian engineering EBITDA: margin comparable to Cicor in FY 20
Slide 34: Carve-out of three manufacturing sites from TT Electronics
Recent acquisitions Carve-out of three manufacturing sites from TT Electronics Key facts Production sites Locations: Hartlepool, UK; Newport, UK; 25’000 sq.m of manufacturing space Dongguan, China FTE: 500 has acquired 100% of the shares of Purchase consideration (EV): GBP 20.8 mln TT Electronics Io
Slide 35: Cicor's unique position to create value through M&A
M&A summary Cicor’s unique position to create value through M&A Strong financial foundation Attractive external market with existing credit lines and modest leverage for an inorganic growth strategy Cicor’s recipe Proven track-record & expertise for M&A Focus on known core business of delivering suc
Slide 36: Financial Results FY 2023
Peter Neumann Financial Results FY 2023 36
Slide 37: Long-term view – Impact of Cicor growth strategy
Performance 2018 – 2023 Long-term view – Impact of Cicor growth strategy Cicor Group 390 20% • Change in sales at reported FX rates +24.5% (at constant FX 350 313 rates +27.5%) 300 191 15% 248 254 239 250 9.9% 9.8% 215 155 • Organic sales growth of 11.1% 1) 200 9.7% 125 122 9.0% 11.6% 10% 122 10.3%
Slide 38: Record sales and core results from organic growth and acquisitions
Key figures 2023 Record sales and core results from organic growth and acquisitions 1) 1) Orders received Net sales EBITDA Core EBIT Core net profit +39.8% +52.9% +11.4% +24.5% 45.1 32.7 399.8 389.9 358.9 +35.6% 313.2 32.3 16.7 21.4 12.3 10.3% 11.6% 6.8% 8.4% 3.9% 4.3% (ROS) 2022 2023 2022 2023 2022
Slide 39: Profitable growth in EMS Division
Profitable growth in EMS Division Performance 2018 – 2023 Cicor Group EMS Division AS Division 390 348 400 20% 350 12.5% 14% 350 20% 270 350 300 10.7% 12% 300 19.1% 17.8% 313 14.1% 300 191 15% 185 193 9.2% 169 16.9% 15% 254 250 10% 250 14.4% 248 239 8.0% 8.1% 8.4% 250 11.6% 195 14.0% 215 155 10.3% 2
Slide 40: Consolidated Income Statement
in TCHF Consolidated Income Statement 2023 in % 2022 in % %YoY • Record high in Net sales and EBITDA Net sales 389 890 100.0 313 193 100.0 24.5 • Strong contribution from EMS division and Material expenses -207 150 -53.1 -167 077 -53.3 24.0 economies of scale results in increased overall EBITDA marg
Slide 41: Sales contribution
FY 2023 in CHF mio Sales contribution • Strong organic sales growth in EMS +24.5% division and good contribution from newly (+76.7) acquired companies. 389.9 -2.4 +0.2 +37.0 • Negative currency impact of -3.0% (CHF -9.4 313.2 +51.4 -9.4 mio) mainly due to the devaluation of GBP, RON and EUR vs. CHF.
Slide 42: Consolidated Balance Sheet
in TCHF Consolidated Balance Sheet 2023 in % 2022 in % • Focus on ONWC and optimization of treasury activities delivering strong 2023 results. Current assets 251’896 69.8 251’422 68.6 Despite revenue growth of 24.5% balance Non-current assets 109’217 30.2 115’313 31.4 sheet size slightly reduced dem
Slide 43: Consolidated Cash Flow Statement
in TCHF Consolidated Cash Flow Statement • Positive cash flow from operating activities driven by strong net income performance and focus on working capital management. • Focus on working capital and normalization of supply chain resulted in a positive cashflow • Positive free cash flow before acqui
Slide 44: Stabilization in Operating net working capital (ONWC)
Stabilization in Operating net working capital (ONWC) Operating Net Working Capital • Stabilization in half year 2023 turned into a decrease in second half of 2023, as a result of strong management focus on working capital management. 150 100 • Increase in ONWC from recent acquisitions is main Opera
Slide 45: Capex for Property, plant and equipment
Capex for Property, plant and equipment 30 28.4 • No capacity expansion in 2023 25 4.7% 1) • Investment in PPE was in line with our expectations and support our further CAPEX in % of Net Sales 4.1% CAPEX in CHF million 3.9% 3.7% growth strategy 20 3.6% 3.4% 17.5 3.0% • Capex of 3% according our mid-
Slide 46: Return on Invested Capital
Return on Invested Capital • Strong ROIC progression in 2023 inline with mid-term guidance to be above 15%. 35 15 • ROIC improvement driven by 14.4% • Revenue growth (24.5%) 30 11.9% 11.3% 11.3% • profitability improvements (130 bps) Rolling Core EBIT in MCHF 25 • invested capital efficiency (treasu
Slide 47: Key Figures per Share
Key Figures per Share 2023 2022 % YoY • The conversion of the MCN will result in 1,267,116 additional shares until 2027. Number of registered shares issued 3 411 169 3 409 542 +0.0% These shares are considered outstanding Number of Treasury shares - 249 404 - 241 916 +3.1% for both EPS and market ca
Slide 48: Outlook & Closing
Alexander Hagemann Outlook & Closing 48
Slide 49: Accelerated growth expected to continue in 2024
Guidance Accelerated growth expected to continue in 2024 • Order backlog equivalent to almost one year's sales • Important new projects are entering series production • The consolidation of acquired companies will additionally lead to a significant increase in sales and earnings • The appreciation o
Slide 50: Financial mid-term objectives
Financial mid-term objectives: 3 - 4 year horizon Continuing on the growth trajectory Organic Growth Revenue Profitability Other Core ROIC 1) >600 Core EBIT 7 - 10% 7 – 10% >15% million Net Debt / EBITDA p.A. EBITDA <2.75 CHF 4) 10 – 13% Capex 2) up to 3% • Cicor is well positioned to face economic
Slide 51: Cicor – an asset for your portfolio
Reasons to invest Cicor – an asset for your portfolio • Market with resilient growth driven by megatrends of electronification‚ outsourcing and nearshoring • Strategy targeting the most profitable segments of the market: Industrial, Medical, Aerospace & Defense • Value accretive buy and build strate
Slide 52: Agenda 2024
Investor Relations Agenda 2024 April 18 Annual General Meeting (AGM) 2024 in Zurich July 24 Interim Report 2024 October 15 Business Update Q3/2024 September 18 - 19 Investora 2024 in Zurich November 25 - 27 Deutsches Eigenkapitalforum in Frankfurt We plan to participate in various conferences and ro
Slide 53: Analysts
Cicor Technologies Ltd. Analysts Kepler Cheuvreux Research Partners Zürcher Kantonalbank Patrick Steiner Reto Huber Bernd Laux psteiner@keplercheuvreux.com reto.huber@researchpartners.ch bernd.laux@zkb.ch +43 (1) 20 577 383 +41 44 533 40 30 +41 44 292 37 23 Baader Helvea mwb Research Zana Mamelli Al
Slide 54: Electronic voting procedure
Daniel Frutig Electronic voting procedure 54
Slide 55: Electronic voting procedure
Annual General Meeting 2024 of Cicor Technologies Ltd. Electronic voting procedure The voting will be done electronically again this year. You received a voting device, the Televoter, when you entered the room. The Televoter has a touch-sensitive color screen. The screen will automatically dim after
Slide 56: Electronic voting procedure
Annual General Meeting 2024 of Cicor Technologies Ltd. Electronic voting procedure When we come to electronic voting, a few seconds before voting begins, the relevant agenda item will appear on the screen of your voting device. During the displayed voting time, there are three colored areas at the b
Slide 57: Electronic voting procedure
Annual General Meeting 2024 of Cicor Technologies Ltd. Electronic voting procedure To check the operational readiness, I now ask you to touch the screen on your voting device. The display should now light up. If the display on your device does not light up now, I would ask you to go with your device
Slide 58: Electronic voting procedure
Annual General Meeting 2024 of Cicor Technologies Ltd. Electronic voting procedure We will now check the functionality of the electronic voting device. When I have opened the functional test, you will have 10 seconds to submit your vote with "JA" (green), "NEIN" (red) or "ENTHALTUNG" (yellow) by tou
Slide 59: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 59
Slide 60: Agenda items and proposals of the Board of Directors
Daniel Frutig Agenda items and proposals of the Board of Directors 60
Slide 61: Electronic voting procedure
Annual General Meeting 2024 of Cicor Technologies Ltd. Electronic voting procedure If you want to follow the proposal of the Board of Directors, press "JA" (green), if you want to vote against the proposal of the Board of Directors, press "NEIN" (red) and if you want to abstain, press "ENTHALTUNG" (
Slide 62: Annual report, annual financial statements and consolidated financial statements 2023
Annual General Meeting 2024 of Cicor Technologies Ltd. 1 Annual report, annual financial statements and consolidated financial statements 2023; Report of the statutory auditors Proposal: The Board of Directors proposes that the annual report, annual financial statements and consolidated financial st
Slide 63: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 63
Slide 64: Advisory vote on the Remuneration Report 2023
Annual General Meeting 2024 of Cicor Technologies Ltd. 2 Advisory vote on the Remuneration Report 2023 Proposal: The Board of Directors proposes to approve the Remuneration Report 2023 in the form of an advisory vote. Explanation: The Remuneration Report 2023 explains the compensation programs of th
Slide 65: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 65
Slide 66: Advisory vote on the Sustainability Report 2023
Annual General Meeting 2024 of Cicor Technologies Ltd. 3 Advisory vote on the Sustainability Report 2023 Proposal: The Board of Directors proposes that the Sustainability Report 2023 be approved in the form of an advisory vote. Explanation: The Sustainability Report 2023 contains the information req
Slide 67: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 67
Slide 68: Appropriation of available earnings
Annual General Meeting 2024 of Cicor Technologies Ltd. 4 Appropriation of available earnings Proposal: The Board of Directors proposes that the reported accumulated loss of TCHF 47,310 to be appropriated as follows: Carry forward TCHF –47,310 to new account. No dividend will be paid. Explanation: In
Slide 69: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 69
Slide 70: Discharge from liability of the Board of Directors and Group Management
Annual General Meeting 2024 of Cicor Technologies Ltd. 5 Discharge from liability of the members of the Board of Directors and the Group Management Proposal: The Board of Directors proposes that discharge be granted to the members of the Board of Directors and the Group Management for their activiti
Slide 71: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 71
Slide 72: Approval of the total compensation of the Board of Directors
Annual General Meeting 2024 of Cicor Technologies Ltd. 6 Approval of the total compensation of the Board of Directors for the next term of office Proposal: The Board of Directors proposes the approval of the maximum total compensation in the amount of CHF 800,000 for four members of the Board of Dir
Slide 73: Approval of the total compensation of the Board of Directors
Annual General Meeting 2024 of Cicor Technologies Ltd. 6 Approval of the total compensation of the Board of Directors for the next term of office 73
Slide 74: Approval of the total compensation of the Board of Directors
Annual General Meeting 2024 of Cicor Technologies Ltd. 6 Approval of the total compensation of the Board of Directors for the next term of office The cash payment is made quarterly. The entitlements to shares are allocated at the beginning of the term of office and converted into shares in Cicor Tec
Slide 75: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 75
Slide 76: Approval of the total compensation of the Group Management for 2025
Annual General Meeting 2024 of Cicor Technologies Ltd. 7 Approval of the total compensation of the Group Management for the financial year 2025 Proposal: The Board of Directors proposes the approval of the total compensation of the members of the Group Management for the financial year 2025 in the m
Slide 77: Approval of the total compensation of the Group Management for 2025
Annual General Meeting 2024 of Cicor Technologies Ltd. 7 Approval of the total compensation of the Group Management for the financial year 2025 77
Slide 78: Approval of the total compensation of the Group Management for 2025
Annual General Meeting 2024 of Cicor Technologies Ltd. 7 Approval of the total compensation of the Group Management for the financial year 2025 78
Slide 79: Approval of the total compensation of the Group Management for 2025
Annual General Meeting 2024 of Cicor Technologies Ltd. 7 Approval of the total compensation of the Group Management for the financial year 2025 The proposed maximum total amount of compensation for the Group Management of CHF 5,000,000 consists of the following components: a fixed compensation in th
Slide 80: Approval of the total compensation of the Group Management for 2025
Annual General Meeting 2024 of Cicor Technologies Ltd. 7 Approval of the total compensation of the Group Management for the financial year 2025 The proposed maximum total amount of CHF 5,000,000 is higher than the approved maximum total amount of compensation of the Group Management for the financia
Slide 81: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 81
Slide 82: Re-elections of the Board of Directors
Annual General Meeting 2024 of Cicor Technologies Ltd. 8 Re-elections of the Board of Directors 82
Slide 83: Re-elections of the Board of Directors
Annual General Meeting 2024 of Cicor Technologies Ltd. 8.1 Re-elections of the Board of Directors Proposal: Re-election of Mr. Daniel Frutig to the Board of Directors as its Chairman for the term of office of one year. Explanation: The Board of Directors works efficiently and effectively in its curr
Slide 84: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 84
Slide 85: Re-elections of the Board of Directors
Annual General Meeting 2024 of Cicor Technologies Ltd. 8.2 Re-elections of the Board of Directors Proposal: Re-election of Ms. Norma Corio to the Board of Directors for the term of office of one year. Explanation: The Board of Directors works efficiently and effectively in its current composition. I
Slide 86: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 86
Slide 87: Re-elections of the Board of Directors
Annual General Meeting 2024 of Cicor Technologies Ltd. 8.3 Re-elections of the Board of Directors Proposal: Re-election of Ms. Denise Koopmans to the Board of Directors for the term of office of one year. Explanation: The Board of Directors works efficiently and effectively in its current compositio
Slide 88: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 88
Slide 89: Re-elections of the Board of Directors
Annual General Meeting 2024 of Cicor Technologies Ltd. 8.4 Re-elections of the Board of Directors Proposal: Re-election of Mr. Konstantin Ryzhkov to the Board of Directors for the term of office of one year. Explanation: The Board of Directors works efficiently and effectively in its current composi
Slide 90: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 90
Slide 91: Re-elections of the Remuneration Committee
Annual General Meeting 2024 of Cicor Technologies Ltd. 9 Re-elections of the Remuneration Committee 91
Slide 92: Re-elections of the Remuneration Committee
Annual General Meeting 2024 of Cicor Technologies Ltd. 9.1 Re-elections of the Remuneration Committee Proposal: Re-election of Mr. Daniel Frutig as a member of the Remuneration Committee for a term of office of one year. Explanation: The Board of Directors is convinced that the composition of the Re
Slide 93: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 93
Slide 94: Re-elections of the Remuneration Committee
Annual General Meeting 2024 of Cicor Technologies Ltd. 9.2 Re-elections of the Remuneration Committee Proposal: Re-election of Konstantin Ryzhkov as a member of the Remuneration Committee for a term of office of one year. Explanation: The Board of Directors is convinced that the composition of the R
Slide 95: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 95
Slide 96: Re-election of the statutory auditors
Annual General Meeting 2024 of Cicor Technologies Ltd. 10 Re-election of the statutory auditors Proposal: The Board of Directors proposes the re-election of KPMG AG for a further term of office of one year. Explanation: KPMG has performed its duties impeccably over several years. The Board of Direct
Slide 97: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 97
Slide 98: Re-election independent proxy
Annual General Meeting 2024 of Cicor Technologies Ltd. 11 Re-election independent proxy Proposal: The Board of Directors proposes the re-election of Athemis Avocats Sàrl, Rue Jaquet-Droz 32, Case Postale 1548, 2301 La Chaux-de-Fonds, as independent proxy for the term of office until and including th
Slide 99: Please vote now
Annual General Meeting 2024 of Cicor Technologies Ltd. Please vote now Ja Oui Yes Nein Non No Enthaltung Abstention Abstention 99
Slide 100: Thank you for your attention Q&A Session
Thank you for your attention Q&A Session cicor.com Cicor Group @cicor.group
Cicor Technologies — Shareholder Meeting (April 2024) on 6ix