Vigo Photonics Spolka Akcyjna · GPW:VGO
Vigo Photonics Spolka Akcyjna — VIGO Photonics — Investor Presentation (October 2023)
23 slides from Vigo Photonics Spolka Akcyjna's investor presentation, October 2023
Slide 1: Sense what matters - Investors Presentation, Equity Story
Sense what matters INVESTORS PRESENTATION - EQUITY STORY 1
Slide 2: Equity Story
EQUITY STORY VIGO Photonics is the undisputed technology leader in mid and soon short infrared applications, with a strong track record of delivering innovation. Poised for further dynamic development on the wave of long-term megatrends - a strong drive for the operating activities. A full stack of
Slide 3: Poised to ride a wave of global long-term megatrends
VIGO PHOTONICS IS POISED TO RIDE A WAVE OF GLOBAL LONG-TERM MEGATRENDS THAT CREATE STRONG TAILWINDS FOR THE DEVELOPMENT OF OPERATIONAL ACTIVITIES... TECHNOLOGY TRENDS GEOPOLITICAL TRENDS ECOLOGICAL TRENDS SYSTEM MINIATURISATION SECURITY AND DEFENCE ROHS AND ECOLOGY Miniaturization and integration ar
Slide 4: Operating in dynamically growing photonics markets
… BY OPERATING IN DYNAMICALLY GROWING PHOTONICS MARKETS WITH CONSTANTLY RISING DEMAND FOR TECHNOLOGICAL SOLUTIONS BY MANY INDUSTRIES... CONTINUED GROWTH ON THE FAST- DEVELOPMENT OF THE EPITAXIAL WAFER POTENTIAL OF USING MIR IN NEW APPLICATIONS DEVELOPING MIR SENSOR MARKET, MARKET AND INCREASING DEMA
Slide 5: Full range of applications and focus on cutting-edge solutions
… OFFERS A FULL RANGE OF APPLICATIONS AND A STRONG FOCUS ON DELIVERING CUTTING- EDGE AND STATE-THE-ART SOLUTIONS AND DEVICES, INCLUDING THOSE TAILOR MADE... Coverage of the entire range of applications in many industries... Selected global business partners INDUSTRY & TRANSPORT SECURITY & DEFENSE EC
Slide 6: At the forefront of industrial innovation across the photonics value chain
… BEING CONTINUOUSLY AT THE FOREFRONT OF INDUSTRIAL INNOVATION, WHILE EXPLOITING COMPETITIVE ADVANTAGE ACROSS THE PHOTONICS VALUE CHAIN... Being an integrated device manufacturer creates a strong competitive advantage and gives the opportunity to scale business and systematically prepare innovative,
Slide 7: Scalable facilities equipped with the most modern machines
... ADDRESSING MARKET NEEDS WITH FULLY SCALABLE FACILITIES EQUIPPED WITH THE MOST MODERN MACHINES, PROVIDING THE MOST SOPHISTICATED SOLUTIONS AND SECURING FURTHER GROWTH OPPORTUNITIES… The investments implemented in recent years allow for the scaling of production, significantly expanding the VIGO o
Slide 8: Solidified market position and proprietary R&D franchise
… AT THE SAME TIME LEVERAGING A SOLIDIFIED MARKET POSITION, STRENGTHENED BY WORLD-RENOWNED PROPRIETARY R&D FRANCHISE AND IN-DEPTH INDUSTRIAL KNOWLEDGE AND EXPERTISE OF ITS 60+ STRONG ENGINEERING AND SCIENTIST STAFF... Secured market position, built based on proprietary knowledge accumulated over the
Slide 9: Led by a visionary Management Board and founders
… LED BY A VISIONARY MANAGEMENT BOARD AND FOUNDERS, RENOWNED AND RESPECTED BY THE WHOLE PHOTONICS INDUSTRY, FOCUSED ON INDUSTRIAL INNOVATION BEYOND THE FORESEEABLE FUTURE... Management board with high technological competence, and with founders' support is a long-term competitive advantage XXX Exper
Slide 10: Implements an ambitious development strategy addressing key megatrends
… IMPLEMENTS AN AMBITIOUS DEVELOPMENT STRATEGY, ADDRESSING KEY MEGATRENDS, WHICH WILL ALLOW TO REACH A HIGHER UTILITY CURVE AND GENERATE VALUE FOR STAKEHOLDERS VIGO's development strategy is based on development areas including strategic development and operational initiatives, addressing both megat
Slide 11: Core business ready for dynamic growth (1/2)
VIGO’S CORE BUSINESS SUPPORTED BY INVESTMENTS INCURRED IN 2019-2022 IS 1 READY FOR DYNAMIC GROWTH (1/2) Investments incurred in 2019-2022 totalled PLN 160 mn (ca. EUR 35 mn) and concerned infrastructure, new equipment and R&D. Detectors and modules Epitaxial structures • The total value of sale oppo
Slide 12: Core business ready for dynamic growth (2/2)
VIGO’S CORE BUSINESS SUPPORTED BY INVESTMENTS INCURRED IN 2019-2022 IS 1 READY FOR DYNAMIC GROWTH (2/2) Investments incurred in 2019-2022 totalled PLN 160 mn (ca. EUR 35 mn) and concerned infrastructure, new equipment and R&D. Europe North America Asia • Greater focus on growth on key markets throug
Slide 13: Infrared array covering the need to increase security and defense
INFRARED ARRAY COVERING THE NEED TO INCREASE SECURITY AND DEFENSE OF 2 COUNTRIES INFRARED ARRAY - GENERAL INFORMATION • Infrared detector arrays containing hundreds of thousands or millions of active pixels used in the construction of thermal imaging cameras for space and military applications and h
Slide 14: Photonic Integrated Circuits addressing system miniaturization
PHOTONIC INTEGRATED CIRCUITS (PIC) ADDRESSING THE NEED FOR SYSTEM 3 MINIATURIZATION IN COMMON DEVICES PHOTONIC INTEGRATED CIRCUITS (PIC) - GENERAL DEVELOPMENT OF THE FIRST MID-INFRARED PHOTONIC INTEGRATED CIRCUIT INFORMATION ON THE MARKET - MIRPIC PROJECT • A miniaturised circuit consisting of multi
Slide 15: VIGO Photonics is part of IPCEI
VIGO PHOTONICS IS A PART OF IPCEI, ONE OF THE MOST 3 IMPORTANT ISTRUMENT TO SUPPORT A NEW ECONOMIC AND COMPETITION POLICY OF THE EUROPEAN UNION IPCEI ME/CE is one of the most important European instruments that supports the whole European microelectronics, photonic and semiconductor industries 15
Slide 16: Financing exceeding EUR 100 mn for the HyperPIC project
VIGO IS AMONG THE EUROPEAN COMPANIES FROM THE EUROPEAN ELECTRONICS 3 INDUSTRY TO RECEIVE FINANCING EXCEEDING EUR 100 MN FOR THE HyperPIC PROJECT The European Commission has accepted an amount of grant for VIOG Photonics of up to EUR 102.9 mn to carry out the HyperPIC project. The final decision on r
Slide 17: Ambitious development strategy to a higher level in the value chain
VIGO HAS BEEN IMPLEMENTING AN AMBITIOUS DEVELOPMENT STRATEGY WHICH WILL MOVE THE COMPANY TO A HIGHER LEVEL IN THE VALUE CHAIN AND PROVIDE A LONG-TERM VALUE TO ALL STAKEHOLDERS Leveraging the strategy, thanks to numerous competitive advantages in the photonics industry, and new sources of growth will
Slide 18: Disclaimer
DISCLAIMER This study has been prepared for information purposes only, contains only summary information and is not exhaustive in nature, nor is it intended to be the sole basis for any analysis or evaluation. VIGO Photonics S.A. makes no representations (express or implied) about the information pr
Slide 19: Appendix 1: Financial Highlights
APPENDIX 1: FINANCIAL HIGHLIGHTS FINANCIAL DATA (PLN MN) • Constantly growing revenues in recent years at a rate of 2019 2020 2021 2022 1H2022 1H2023 20-30% and flat revenues in 2022 y/y despite the changing market environment and the impact of the launched cleanroom - constantly growing demand for
Slide 20: Appendix 2: Global Reach and Exploration of New Markets
APPENDIX 2: GLOBAL REACH AND EXPLORATION OF NEW MARKETS INTERNATIONAL EXPANSION ALLOWS VIGO'S SOLUTIONS TO MATCH THE NEEDS OF EXISTING MARKET SPLIT 2022 AND NEW GLOBAL PLAYERS POLAND 6% • VIGO is headquartered in Ożarów Mazowiecki, Poland • VIGO is supported by a business presence in the most import
Slide 21: Appendix 3: VIGO's Presence on the WSE
APPENDIX 3: VIGO'S PRESENCE ON THE WSE 25 November 2014 SHAREHOLDING STRUCTURE OF VIGO PHOTONICS S.A. first day of trading (September 2023) on WSE 14.3% Warsaw Equity Management** Józef Piotrowski SELECTED INFORMATION 11.9% 48.4% Investors TFI Ticker WSE VGO ~PLN 375 mn Janusz Kubrak Sector, industr
Slide 22: Appendix 4: Investments in Innovative Projects - VIGO Ventures ASI Fund
APPENDIX 4: INVESTMENTS IN INNOVATIVE PROJECTS - VIGO VENTURES ASI FUND VIGO VENTURES ASI - formerly VIGO WE INNOVATION INVESTMENT ASSUMPTIONS PORTFOLIO (VWI), VIGO VENTURES • investments and development of technological Investment incubator created by VIGO Photonics and Warsaw Equity Group (50:50 j
Slide 23: Thank you for your attention
THANK YOU FOR YOUR ATTENTION 23
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