Inficon Holding Ag · SIX:IFCN
Inficon — Q1 2025 Earnings Presentation
20 slides from Inficon's earnings presentation, Apr 24, 2025
Slide 1: Earnings Release – Analyst/Media Conference Q1 2025
Earnings Release – Analyst/Media Conference Q1 2025 April 24, 2025
Slide 2: Agenda & Speakers
Agenda & Speakers Oliver Wyrsch, President & CEO • Key Messages & Figures of Quarter • Target Market Business Review • Full Year Expectations Matthias Tröndle, Vice President & CFO • Quarter Financials • Guidance • Corporate Calendar 2
Slide 3: 2025 Q1 Results
2025 Q1 Results Solid first quarter. Positive order trend. Continued growth in Semiconductor, RAC/Auto, and rebound in General Vacuum. Increased risks and uncertainty due to trade tensions SALES • Improving market environment. Sales increase to 158 MUSD YoY (+3% YoY) and Sales FY 2024 (FY 2023) orde
Slide 4: Worldwide Markets & Sales
Worldwide Markets & Sales Strong quarter for Asia with significant growth YoY. Europe and especially Americas slow Worldwide Sales in Q1 2025 by Region Quarterly Sales Trend by Region Americas Europe 23% 23% Asia 53% Q1 2025 Sales and Growth by Region Asia: ~ 85 MUSD +27.7 % Europe: ~ 36 MUSD - 12.8
Slide 5: Semiconductor & Vacuum Coating – Performance & Outlook
Semiconductor & Vacuum Coating – Performance & Outlook Strong position. Continuous growth in challenging environment. Recovery picking up speed with expected acceleration in 2025, unless trade tensions impact growth negatively PERFORMANCE Sales to Semi & Vacuum Coating Sales Q1 ‘25 by Region • Q1 sa
Slide 6: Automotive & Refrigeration, Air Conditioning – Performance & Outlook
Automotive & Refrigeration, Air Conditioning – Performance & Outlook Strong position. Strong development in Asia, Americas moderate, Europe slower momentum PERFORMANCE Sales to Automotive & Refrigeration, Air Con. Sales Q1 ‘25 by Region • 2025 Q1 sales increase of 3% YoY and 6% QoQ +9.7% CAGR (2019
Slide 7: General Vacuum – Performance & Outlook
General Vacuum – Performance & Outlook After slow Q2-Q4 in 2024, now first positive development in 2025. Broad industrial market addressed through multi-brand strategy and long-term channel partners. Strong position across subsectors PERFORMANCE Sales to General Vacuum Sales Q1 ‘25 by Region • Sales
Slide 8: Security & Energy – Performance & Outlook
Security & Energy – Performance & Outlook Strong position. Cycles largely depending on government programs and policies with their own dynamic. Good diversification factor versus other end markets PERFORMANCE • Security & Energy decreased (-27% YoY, -4% QoQ). Americas Sales to End Market Security &
Slide 9: Worldwide Footprint
Worldwide Footprint Strong global presence with competence centers around the globe provides resilient adaptability and is constantly optimized. Already ongoing product transfer projects address current issues. If required, the global footprint allows for quick reconfiguration in case of further esc
Slide 10: Expectations 2025
Expectations 2025 Good order entry development across Semi, RAC/Auto, and GV markets supports moderately optimistic outlook for this year. However, the recent trade tensions add uncertainty and risks across all markets • We see clear positive momentum in top markets despite the general weaknesses an
Slide 11: Recently at INFICON
Recently at INFICON Great moments that drive us forward… TechDay 2024 KOKUSAI Lam ELECTRIC Research - – Supplier Improving Earthquake Annual General Meeting Excellent Partner Excellence Award Award Forecasting Formation of Advanced NASA Msolo Volcano Monitoring AI-Powered Expert “Ask Data Science Te
Slide 12: Agenda & Speakers
Agenda & Speakers Oliver Wyrsch, President & CEO • Key Messages & Figures of Quarter • Target Market Business Review • Full Year Expectations Matthias Tröndle, Vice President & CFO • Quarter Financials • Guidance • Corporate Calendar 12
Slide 13: Q1 2025 Highlights
Q1 2025 Highlights Increased sales and profitability, strong cash position Book to Bill Sales Gross Margin % Operating Income >1 Equity Ratio Cash Flow Net cash CAPEX Except otherwise noted all comparisons vs. previous year Q1 Totals presented may not sum due to rounding 13
Slide 14: Sales
Sales Growth YoY, Decline QoQ Q1 2025 Sales and Growth by Region Asia: ~ 85 MUSD +27.9 % Europe: ~ 36 MUSD - 12.8 % Americas: ~ 37 MUSD - 19.8 % Total: ~ 158 MUSD + 2.6 % (including ROW) (vs. Q1 2024) Note: All figures in MUSD Totals presented may not sum due to rounding 14
Slide 15: Gross Profit, Costs, and Operating Income Q1
Gross Profit, Costs, and Operating Income Q1 Gross margin and profitability improved, costs under control Gross profit margin R&D cost (in MUSD) SG&A (in MUSD) Operating income (in MUSD) 19.5% of NSof NS 20.2% 20.3% ofofNS 20.2% NS Improved margin. Plus 6.2% in Increase of 13.7%. Our Up by 7.8%, mai
Slide 16: Income Tax and Net Income Development
Income Tax and Net Income Development Net Profit Growth Income Tax (in MUSD) Net Income (in MUSD) Slightly lower tax rate of 18.1% compared Slight decrease due to negative FX with 21.3% in Q1 last year. impacts, partially compensated by lower tax rate. Net income margin at 15.7% (16.6% in Q1 2024) T
Slide 17: Balance Sheet Highlights
Balance Sheet Highlights Solid balance sheet Balance Sheet Structure 2025 Q1 25 Q4 24 Net Cash 87.3 74.9 DSO 47.6 47.2 Inventory Turns 2.4 2.4 Working Capital 222.4 214.8 Operating Cash Flow 18.1 29.1 Cash Flow Note: All figures in MUSD Totals presented may not sum due to rounding 17
Slide 18: Full-Year 2025 Guidance
Full-Year 2025 Guidance Moderately optimistic outlook. However, increased uncertainties due to tariff and trade tensions Sales (MUSD) Operating Income (MUSD) 20.1% ~20.0% 19.5% 19.2% 17.0% 15.6% Outlook 2025 INFICON is moderately optimistic about the outlook despite the mixed signals regarding the e
Slide 19: Thank you for your attention. Q&A
Thank you for your attention. Q&A Next Events on Corporate Calendar 2025 Analyst Visit in Balzers, FL (hybrid) May 12, 2025 Q2 and half-year 2025 Media conference July 30, 2025 Q3 2025 Media conference October 23, 2025 Analyst Visit in Balzers, FL (hybrid) November 20, 2025 Q4 and full year 2025 Med
Slide 20: INFICON believes that a deep understanding of our customers’ challenges and their visions for
INFICON believes that a deep understanding of our customers’ challenges and their visions for success are paramount to everything we do. These long-standing partnerships and the commitment to see our customers succeed inspire our dedicated, talented employees to develop and build market-leading inst