Inficon Holding Ag · SIX:IFCN

Inficon — Q4 2020 Earnings Presentation

28 slides from Inficon's earnings presentation, Mar 4, 2021

  1. Slide 1: Q4 2020 and Full Year 2020 Earnings Conference

    Q4 2020 and Full Year 2020 EARNINGS CONFERENCE March 4, 2021 Bad Ragaz, Switzerland

  2. Slide 2: Speakers

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Speakers Lukas Winkler, President and CEO Key figures Q4 2020 and FY 2020 Target market business review Expectations 2021 Matthias Tröndle, Vice President and CFO Financials Q4 2020 and FY 2020 Distribution Guidance March 4, 2021

  3. Slide 3: Q4 2020 – Key Figures

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Q4 2020 – Key Figures  Growth in all markets and regions; Semi & Vacuum and Asia stand out  Sales increase of 21.5% to record high USD 116.9 million, organic increase of 16.8% compared with Q4 2019  Sequential sales increase of

  4. Slide 4: FY 2020 – Key Figures

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance FY 2020 – Key Figures  Sales increase mainly driven by the Semi & Vacuum coating end market in Asia and Europe  Sales increase of 4.2% to USD 397.8 million compared with 2019, organic increase of 2.6%  Book to bill ratio >1  O

  5. Slide 5: Net Sales by End Market

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Net Sales by End Market USD 116.9 million in Q4 2020 (+21.5%) USD 397.8 million in 2020 (+4.2%) EUR ASIA NA March 4, 2021 5

  6. Slide 6: Security & Energy

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Security & Energy Sales to End Market Q4 2020 Security & Energy -2.3% CAGR (2015 - 2020)  Sales increase of 11.5% to USD 8.7 million (in MUSD) 33.1 in Q4 2020 vs Q4 2019, and a 85.1% 29.0 recovery vs Q3 2020 26.6 25.5  Increased

  7. Slide 7: Refrigeration, Air Conditioning & Automotive

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Refrigeration, Air Conditioning & Automotive Q4 2020 Sales to End Market Refrigeration, Air Conditioning &  Q4 2020 sales increase of 21.9% to Automotive USD 23.9 million vs Q4 2019, and 25.8% vs +6.7% CAGR (2015 - 2020) (in MUSD

  8. Slide 8: Semi & Vacuum Coating

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Semi & Vacuum Coating Solar, Display, Optics & Semiconductor Q4 2020 Sales to End Market Semi & Vacuum Coating  Sales Q4 2020 increase of 23.0% vs Q4 2019, +14.5% CAGR (2015 - 2020) and 23.8% vs Q3 2020 to USD 52.5 million (in MU

  9. Slide 9: General Vacuum

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance General Vacuum Q4 2020 Sales to End Market General Vacuum +1.1% CAGR (2015 - 2020)  Q4 2020 sales increase by 21.4% to USD 31.8 (in MUSD) million vs Q4 2019, and 22.8 % vs Q3 2020  Asia and Europe with strong growth 115.3 107.5

  10. Slide 10: Outlook 2021

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Outlook 2021 Despite on-going COVID-19 issues, INFICON expects to reach new annual sales record  Ongoing strong Semiconductor market (Industry 4.0, IoT, Big Data,5G, AI & AD etc.)  Foundry and Logic Fabs remain at a high level &

  11. Slide 11: Speaker Matthias Tröndle, Vice President and CFO

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Speaker Matthias Tröndle, Vice President and CFO Financials Q4 2020 and FY 2020 Distribution Guidance March 4, 2021 11

  12. Slide 12: Sales

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Sales (in MUSD) 116.9 FX-Effect 116.9 4.5 MUSD 96.3 +21.5% 92.0 +27.1% Q4 19 Q4 20 Q3 20 Q4 20 Year-over-year and sequential: strong double digit growth in all markets March 4, 2021 12

  13. Slide 13: Geographic Sales Breakdown – Quarter

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Geographic Sales Breakdown – Quarter (in MUSD) Europe Asia North America 56.8 +35.9% 41.8 +18.9% 32.7 +2.7% 27.5 25.5 26.2 28.0% 43.4% 48.6% 26.5% 22.4% 28.5% Q4 19 Q4 20 Q4 19 Q4 20 Q4 19 Q4 20 Asia-Pacific and Europe with strong

  14. Slide 14: Gross Profit, Costs, and Operating Income

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Gross Profit, Costs, and Operating Income Gross Profit Margin R&D (in MUSD) SG&A (in MUSD) Operating Income (in MUSD) +0.9% 22.9 23.1 +34.4% 21.5 +26.2% 10.6 -198 bps 8.4 16.0 49.1% 47.1% 16.6% 18.3% of NS of NS Q4 19 Q4 20 Q4 19

  15. Slide 15: Net Income and EPS Development

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Net Income and EPS Development Net Income (in MUSD) EPS (in USD, diluted) Income Tax (in MUSD) 17.1 7.00 15.8 +8.2% +8.5% 6.45 +628.6% 3.7 16.4% 14.6% of NS of NS (0.7) Q4 19 Q4 20 Q4 19 Q4 20 Q4 19 Q4 20  Income tax: Last year e

  16. Slide 16: Balance Sheet Highlights

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Balance Sheet Highlights (in MUSD) Balance Sheet Structure 2020 MUSD 305.2 MUSD 305.2 Fixed assets 27% Other non- 4% current assets 73% Equity Inventories 25% Receivables Cash Flow 21% Non-current 4% Other current 3% liabilities 2

  17. Slide 17: Fiscal Year 2020 Results

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance FISCAL YEAR 2020 RESULTS March 4, 2021 17

  18. Slide 18: Full Year Sales (in USD million)

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Full Year Sales (in USD million) +4.2% 397.8 381.7 163.7 191.0 26.6 19.7 84.4 79.6 107.0 107.5 YTD 19 YTD 20 Sales increase mainly driven by the Semi & Vacuum coating end market; Organic increase of 2.6% March 4, 2021 18

  19. Slide 19: Geographic Sales Breakdown – Full Year

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Geographic Sales Breakdown – Full Year Europe Asia North America 172.6 +12.2% 153.8 110.6 116.2 112.5 +5.1% -6.9% 104.7 FY 19 FY 20 FY 19 FY 20 FY 19 FY 20 Sales growth in Asia and Europe driven by Semi & Vacuum Coating market Mar

  20. Slide 20: Gross Profit, Costs, Operating Income (YoY)

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Gross Profit, Costs, Operating Income (YoY) Gross Profit Margin R&D (in MUSD) SG&A (inMUSD) Operating Income (MUSD and % of Sales) 89.1 -2.2% 87.1 49.3% 39.0 -205 bps +13.4% 64.8 -4.4% 34.4 61.9 47.3% 17% 15.6% 9.0% 9.8% of NS of

  21. Slide 21: Net Income and EPS development (YoY)

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Net Income and EPS development (YoY) Income Tax (in MUSD) Net Income (in MUSD) EPS (in USD, diluted) in % of Sales 10.6 -6.6% -6.8% 9.7 +9.3% 52.8 49.3 21.66 20.18 15.5% 17.7% 13.8% 12.4% HY19 HY20 HY19 HY20 HY 19 HY 20  Income t

  22. Slide 22: Key Balance Sheet data (YoY)

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Key Balance Sheet data (YoY) Operating Cash Flow CapExp Working Capital Equity Ratio ($M and % of Sales) ($M and % of Sales) ($M and % of Sales) 4.8% -288 bps 3.6% 32.4% 75.9% 14.1% 28.5% 73.0% 12.7% 18.4 128.9 53.8 50.5 14.1 108.

  23. Slide 23: Distribution Proposal

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance DISTRIBUTION PROPOSAL March 4, 2021 23

  24. Slide 24: Distribution for 2020

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Distribution for 2020  Strong Balance Sheet and Cash Generation  No long-term debt  USD 41 million net cash  Shareholders’ equity ratio at 73%  Board of Directors intends to propose a cash distribution of CHF 16 per share  A

  25. Slide 25: Guidance FY 2021 and Corporate Communication Calendar

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance GUIDANCE FY 2021 AND CORPORATE COMMUNICATION CALENDAR March 4, 2021 25

  26. Slide 26: Full Year 2021 Guidance

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Full Year 2021 Guidance Sales (MUSD) Guidance 2021 The business situation in all end-markets looks quite positive for the started year. Although the current economic situation remains nevertheless fragile, INFICON assesses the out

  27. Slide 27: Corporate Calendar FY 2021

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Corporate Calendar FY 2021 • Annual General Meeting March 31, 2021 • Q1 FY 2021 Earnings Conference Call April 22, 2021 • Q2 FY 2021 and Half-Year Results July 29, 2021 Earnings Conference Call  Q3 FY 2021 Earnings Conference Cal

  28. Slide 28: Thank You! Q&A

    Q)INFICON Inspired by visions. Proven by success. THANK YOU! Q&A

Inficon — Q4 2020 Earnings Presentation on 6ix