Slide 1: Investora 2022
Investora 2022 Cicor Technologies Ltd. September 21, 2022 Alexander Hagemann (CEO) Peter Neumann (CFO)
Slide 2: Disclaimer
Disclaimer September 21, 2022 The information in this presentation does not constitute an offer or invitation and may not be construed as a recommendation by us to purchase, hold or sell shares of Cicor Technologies Ltd. This information or any copy thereof may not be sent or taken to or distributed
Slide 3: The Cicor Group
Alexander Hagemann The Cicor Group
Slide 4: Electronic solutions for a world driven by technological progress
Electronic solutions for a world driven by technological progress Cicor application examples 30% of hearing aids use 50% of satellites operate Cicor supports the drive to Cicor technology to help reliably with solutions ever higher performing people hear better made by Cicor computer chips 4
Slide 5: Cicor is a globally active provider of full-cycle electronic solutions
Cicor is a globally active provider of full-cycle electronic solutions Short profile Best-in-class services from research and development to manufacturing and supply chain management Trusted outsourcing partner for leaders in attractive markets: Medical, Industrial, Aerospace & Defence 2,200 e
Slide 6: Megatrends drive growth of Electronics Manufacturing Service (EMS) market
Megatrends drive growth of Electronics Manufacturing Service (EMS) market Tailwinds for Cicor 2026 Ever growing demand for electronics and 2021 digital devices worldwide OEM focusing on their core competency, share of outsourcing increases Nearshoring, reshoring and alternatives to China: Cico
Slide 7: Growing in the most attractive segment of electronics manufacturing
Growing in the most attractive segment of electronics manufacturing Cicor operates in the sweet-spot of scale combined with attractive margins EBITDA Margin Tier 4: Small local players ≥14% EMS Tier 3: High Mix / Low Volume A.I.M. 12% EMS EMS EMS 10% EMS EMS EMS Tier 2: Low Mix / High Vol. A.I.M. 8%
Slide 8: Growing market share
Growing market share Strengthened position amongst European peers Market leader Strong home base in Switzerland: Overall overall market leader No. 2 in targeted A.I.M.* markets in D-A-CH region Improved A.I.M.* market position in Europe from no. 15 (2018) to no. 9 (2021) No. 2 in target Targ
Slide 9: Cicor strategy
Cicor strategy A strong platform for organic growth and industry consolidation A one-stop-shop with unmatched depth of value added for the customers: Consulting – Engineering – Technologies – Execution Journey from “exchangeable supplier” to “integral value chain partner” Strong, loyal custome
Slide 10: Cicor delivers on the growth strategy announced in 2021
Cicor delivers on the growth strategy announced in 2021 H1 of 2022: Record orders, sales and EBITDA Sales increase by 35% to CHF 158 million – growth of 38% in local currencies Organic growth of 15% from strong demand of existing/new customers and ability to deliver EBITDA of CHF 15 million –
Slide 11: Cicor's growth strategy to establish a European leader in EMS
Cicor’s growth strategy to establish a European leader in EMS Achievements during the last 12 months Organic growth in H1/2022 from new customers and volume growth where Cicor was able to deliver Completion of precision plastics transfer to Batam and moving of tool engineering and manufacturing
Slide 12: Cicor's growth strategy to establish a European leader in EMS
Cicor’s growth strategy to establish a European leader in EMS What’s next Driving organic growth by converting the record-high new business pipeline into orders and sales Targeting more acquisitions of well-managed and profitable European EMS companies supporting Cicor’s strategy in core markets
Slide 13: Financial results H1/2022
Peter Neumann Financial results H1/2022
Slide 14: Record sales and core results from organic growth and acquisitions
Record sales and core results from organic growth and acquisitions Key figures H1/2022 Orders received Net sales EBITDA Core EBIT 1) Core net profit 1) +29.5% 15.0 +30.0% +35.2% 11.6 +45.4% 181.8 157.7 9.7 139.8 116.7 6.6 -4.1% 5.2 4.9 ROS: ROS: ROS: 9.9% 9.5% 5.7% 6.1% 4.4% 3.1% 2021 2022 2021 2022
Slide 15: Long-term view – Impact of Cicor growth strategy
Long-term view – Impact of Cicor growth strategy Performance 2017 – 2022 Cicor Group 300 20% Cicor achieved highest ever 1st half-year results across 250 248 254 239 sales and EBITDA – growth strategy delivering. 217 215 15% 200 122 125 150 108 9.9% 9.8% 106 122 9.7% 9.5% 10% Change in sales exc
Slide 16: Consolidated income statement
Consolidated income statement in TCHF H1/2021 in % H1/2022 in % %YoY Record Net Sales (CHF 157.7 million) and EBITDA levels (CHF 15 million) Net sales 116 712 100.0 157 747 100.0 35.2 Material expenses -61 693 -52.9 -90 272 -57.2 46.3 Strong EMS EBITDA margin Operating expenses -43 417 -37.2 -52
Slide 17: Cicor segment performance
Cicor segment performance All figures in CHF million Net sales EBITDA EMS Division (86% of revenue): +63.9% Revenue growth +42.4% +42.2% 13.8 EBITDA growth +63.9% EMS 135.1 8.4 % Margin increased from 8.9% to 10.2% 95.0 ROS: 8.9% ROS 10.2% AS Division (14% of revenue): 2021 2022 2021 2022
Slide 18: Consolidated balance sheet
Consolidated balance sheet in TCHF Dec 2021 in % June 2022 in % Solid performance end June across the core bank covenants (equity ratio 31.6% Current assets 200 631 62.3 208 951 63.2 and leverage net debt / EBITDA of 2.5 Non-current assets 121 258 37.7 121 421 36.8 including acquisition pro forma)
Slide 19: Positive impact of acquisitions - Pro-forma performance
Positive impact of acquisitions - Pro-forma performance All figures in CHF million Acquisition of Axis (Consolidation as of December 2021) Reported Pro-Forma Half Year and SMT (consolidation as of May 2022) significantly Revenue 157.7 164.0 2022 EBITDA impact our half-year and last twelve month re
Slide 20: Outlook 2022
Alexander Hagemann Outlook 2022
Slide 21: Outlook
Outlook Expectations for 2022 Normalization of order intake as result of global uncertainties While some electronic components still have long lead- times, material availability has generally improved The high order backlog and the bulging new project pipeline are expected to allow for growth
Slide 22: Investor Relations
Investor Relations Agenda 2022/2023 Investora 2022 September 21, 2022 in Dübendorf (Switzerland) Deutsches Eigenkapitalforum November 28 - 30, 2022 in Frankfurt (Germany) Annual Report 2022 March 2023 Annual Shareholder’s Meeting 2023 April 2023 Interim Report 2023 August 2023 22
Slide 23: Investor Relations
Investor Relations Contacts Alexander Hagemann Peter Neumann Michael Götti CEO CFO VP Corporate Marketing & Communications Cicor Management AG Gebenloostrasse 15 CH - 9552 Bronschhofen investor@cicor.com +41 71 913 73 00 23
Slide 24: Thank you for your attention
Thank you for your attention www.cicor.com/investors investor@cicor.com