Slide 1: FY2020 Financial Results
FY2020 Financial Results March 18, 2021 Kevin Crofton, CEO Lisa Pataki, CFO Comet AG Herrengasse 10 CH-3175 Flamatt T +41 31 744 90 00 www.comet.tech
Slide 2: Cautionary statement regarding Forward Looking Statements
Cautionary statement regarding Forward Looking Statements This document contains forward-looking statements about the Comet Group that may be subject to uncertainty and risk. Readers should therefore be aware that such statements may deviate from actual future outcomes or events. Forward- looking st
Slide 3: Agenda
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A
Slide 4: Agenda: Business & Industry Review
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A
Slide 5: Delivered a strong 2020: a base for future growth
Business & Industry Review Delivered a strong 2020: a base for future growth Robust Financials 14.8% All key metrics improved compared to 2019 Resilience in pandemic 395.8 Health of employees protected: rapid deployment Net sales in CHF million EBITDA margin of pre-emptive measures (+6.5% vs. 2019)
Slide 6: Successful navigation of troubled waters
Business & Industry Review Successful navigation of troubled waters Semiconductors Automotive Aerospace Security Record semiconductor capital Weakness in car demand in the Unprecedented reduction in Impacted by lower mobility due equipment spend in 2020 first three quarters commercial air traffic mi
Slide 7: 2020 Group accomplishments: foundation for the future
Business & Industry Review 2020 Group accomplishments: foundation for the future IMD Program Divested Division Expanded global footprint Reacted with safe response to Ongoing cultural change ebeam Technologies asset-light approach the COVID pandemic initiatives boosting a higher- performing organiza
Slide 8: Division accomplishments in 2020: PCT leading with sharply higher financial performance
Business & Industry Review Division accomplishments in 2020: PCT leading with sharply higher financial performance PCT IXS IXM • Design wins in matchboxes, market • Challenged by weakness in industrial • Exposure to cyclical industries weighed share gains in China, capacitor markets, partly offset b
Slide 9: Summary
Business & Industry Review Summary • Execution on strategic growth objectives reflected in strong financial performance • All divisions building momentum • Market conditions in semi favorable to capitalize on opportunities • Automotive, aerospace, security markets stabilized toward year-end FY2020 F
Slide 10: Agenda: Financial Results
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A
Slide 11: FY2020 Financial Results
Financial Results FY2020 Financial Results in CHF million 2020 2019 Y-O-Y (4) Net sales 395.8 371.6 +6.5% Gross margin 39.8% 38.4% +140 bps EBITDA (1) 58.6 40.0 +46.5% EBITDA margin 14.8% 10.8% +400 bps Net income 27.7 12.0 +130.8% Free cash flow (2) 41.6 30.1 +38.2% Return on Capital Employed (ROCE
Slide 12: FY2020 Division Results
Financial Results FY2020 Division Results* Net sales [in CHF million] EBITDA margin PCT 22.0% IXS IXM 27.8% 8.6% 10.1% -0.9% 14.6% 151.7 224.7 139.6 106.8 78.1 61.4 FY2019 FY2020 FY2019 FY2020 FY2019 FY2020 Net sales +48.1% Net sales −23.5% Net sales −21.4% EBITDA 49.3m CHF EBITDA −1.0m CHF EBITDA 9
Slide 13: FY2020 Balance Sheet & Financial Metrics
Financial Results FY2020 Balance Sheet & Financial Metrics in CHF million, otherwise indicated 2020 2019 Y-O-Y (3) Cash and cash equivalents 74.7 60.3 +23.9% CapEx (1) 13.6 18.6 −26.9% CapEx as % of sales 3.4% 5.0% −160 bps Net working capital 69.4 80.7 −14.0% Net working capital as % of sales (2) 2
Slide 14: FY2020 Balance Sheet & Financial Metrics
Financial Results FY2020 Balance Sheet & Financial Metrics 2020 2019 Y-O-Y (2) Equity (in CHF million) 215.0 195.9 +9.7% Equity ratio (1) 50.1% 50.0% +10 bps Earnings per share (in CHF) 3.56 1.55 +129.7% Dividend per share (in CHF) 1.30 1.00 +30.0% Pay-out ratio 37% 65% − (1) equity/total assets (2)
Slide 15: Agenda: Outlook
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A
Slide 16: Demand drivers in Comet's targeted industries intact, momentum building in nearly every sector
Outlook Demand drivers in Comet’s targeted industries intact, momentum building in nearly every sector Semiconductors Automotive Aerospace Security Semiconductor industry in Car demand accelerates Some optimism in civil aviation Long-term growth in global goods new supercycle across several regions
Slide 17: Stringent implementation of division strategies in 2021, focus on execution
Outlook Stringent implementation of division strategies in 2021, focus on execution • Go-to-market: new RF Generator; extend market share: RF Match products • Fill Penang plant with volume production PCT • Secure global best cost supply chain • Manage capacity expansion amid buoyant demand • Gain ma
Slide 18: Outlook: confidence in FY 2021
Outlook Outlook: confidence in FY 2021 Priority to the safety of all employees and customers Protect our team, support our customers Guidance FY2021 Continued growth of global semi market in 2021 Growth opportunities and margin expansion in PCT Revenue (in million CHF) 430 to 460 Expanding Applicati
Slide 19: Q&A
Q&A
Slide 20: Comet group
cemet group