Slide 1: Media & Analyst Conference
Media & Analyst Conference Zurich – December 10, 2012 Media & Analyst Conference – December 10, 2012 1
Slide 2: Content
Content 1 Welcome and Introduction 2 Sale of Ismeca Semiconductor to Cohu 3 Strategy of Schweiter Technologies 4 Share Buyback Program Media & Analyst Conference – December 10, 2012 2
Slide 3: One Group – Three Leading Divisions
One Group – Three Leading Divisions SSM Textile Machinery Revenues: 100 MCHF Employees: 230 Ismeca Semiconductor Revenues: 100 MCHF / Employees: 350 3A Composites Revenues: 600-800 MCHF / Employees: 2'500 (of which 900 in Ecuador) Media & Analyst Conference – December 10, 2012 3
Slide 4: Net sales Schweiter Technologies Group
Net sales Schweiter Technologies Group Media & Analyst Conference – December 10, 2012 4
Slide 5: Content
Content 1 Welcome and Introduction 2 Sale of Ismeca Semiconductor to Cohu 3 Strategy of Schweiter Technologies 4 Share Buyback Program Media & Analyst Conference – December 10, 2012 5
Slide 6: Cohu, Inc. – the purchasing party
Cohu, Inc. – the purchasing party ■ Founded in 1945, domiciled in Poway (CA), USA, www.cohu.com ■ Stock quoted on Nasdaq (Symbol: COHU) ■ Cohu is a leading supplier of test handling, burn-in and thermal solutions used by the global semiconductor industry, microwave communications and closed-circuit
Slide 7: Rationale to sell Ismeca Semiconductor
Rationale to sell Ismeca Semiconductor Ismeca Semiconductor in good shape however: ■ Ismeca below critical mass to achieve next level of development ■ Significant investments required to reach sustainable growth ■ Best ownership approach: Cohu as better owner ■ Two companies fully complementary ■ Sw
Slide 8: Details of transaction
Details of transaction ■ Share purchase agreement signed on December 9, 2012 ■ Due diligence completed ■ Sales price of USD 54.5m (cash free/debt free) ■ Fully owned building in La Chaux-de-Fonds not part of transaction scope. Intention to divest building to third party. Market value around CHF 18m
Slide 9: Content
Content 1 Welcome and Introduction 2 Sale of Ismeca Semiconductor to Cohu 3 Strategy of Schweiter Technologies 4 Share Buyback Program Media & Analyst Conference – December 10, 2012 9
Slide 10: Strategy of Schweiter Technologies
Strategy of Schweiter Technologies ■ Strategy of Schweiter Technologies remains unchanged: Invest into industrial activities Apply proven concepts of innovation management, supply chain management, direct marketing/sales organisation and lean structures ■ Focus on Composite business as dominat busin
Slide 11: Content
Content 1 Welcome and Introduction 2 Sale of Ismeca Semiconductor to Cohu 3 Strategy of Schweiter Technologies 4 Share Buyback Program Media & Analyst Conference – December 10, 2012 11
Slide 12: Share Buyback Program (1/2)
Share Buyback Program (1/2) ■ Reasons for Share Buyback Program to repatriate liquid funds not required for operational purposes to the shareholders significant acquisitions still possible: - solid cash flows from 3A Composites and SSM Textile Maschines - unused debt facilities available - Issuance
Slide 13: Share Buyback Program (2/2)
Share Buyback Program (2/2) ■ Board of Directors has decided to launch a share buyback program with the following parameters: max. 10% of the share capital registered in the Commercial Register (i.e. max. 144,367 shares) starts on December 18, 2012 and ends on October 31, 2014 at the latest shares w
Slide 14: Disclaimer
Disclaimer This document is for presentation purposes only and should not be construed as an offer, invitation or solicitation to subscribe for purchase or sell any investment and neither it nor anything it contains shall form the basis of any contact whatsoever. Opinions expressed herein reflect th