Intica Systems Ag · XETR:IS7
Intica Systems — InTiCom Systems — Shareholder Meeting (May 2008)
29 slides from Intica Systems's shareholder meeting presentation, May 29, 2008
Slide 1: Welcome to our Annual General Meeting 2008
Welcome to our Annual General Meeting 2008 May 29, 2008 Passau The future through innovation
Slide 2: InTiCom Systems is the global specialist in inductive systems
InTiCom Systems is the global specialist in developing, manufacturing and distributing up-market inductive systems. With passive, analogue switching technology inductive systems do not require an additional source of energy as opposed to digital circuits (power connection, rechargeable battery). Hig
Slide 3: Agenda
AGENDA The Fiscal Year 2007 The Current Fiscal Year 2008 Planning Forecast 2008 - 2012 Targets and Strategy Page 3
Slide 4: The Fiscal Year 2007
The Fiscal Year 2007 InTiCom Systems a ™
Slide 5: Highlights 2007
Highlights 2007 Expansion of production facilities in the Czech Republic. Production area doubled to 4,000 square meters in 2007. Partial relocation of production lines from Greece to the Czech Republic. New generation of splitter coils concentrated in the Czech Republic. Optimized production techno
Slide 6: Results: Key Figures 2007
Results: Key Figures 2007 2007 2006 2007/06 (in EUR 000) absolute relative Sales 38,104 37,483 621 1.7% Gross income 8,663 7,815 848 10.9% EBITDA 3,008 3,354 - 346 - 10.3% EBIT 880 2,300 - 1,420 - 61.7% EBIT margin (in %) 2.31 6.14 - - Earnings before taxes (EBT) 804 2,420 - 1,616 - 66.8% Net income
Slide 7: Segment Development 2007
Segment Development 2007 Communication Automotive Industry Total (in EUR 000) 2007 2006 2007 2006 2007 2006 2007 2006 Sales revenues 33,013 33,599 4,869 3,707 222 177 38,104 37,483 Depreciation/Amortization 1,342 900 773 154 13 0 2,128 1,054 EBIT 893 2,421 - 47 -69 76 72 922 2,424 Page 7
Slide 8: Key Factors of Influence 2007
Key Factors of Influence 2007 The further rise in human resources, particularly in the Automotive segment, and investments in innovative growth projects have led to an increase in: the personnel expenditure rate by 2.7% points (EUR 1,100 thousand) to 14.1% the depreciation rate by 2.8% points (EUR 1
Slide 9: The Current Fiscal Year
The Current Fiscal Year Page 9
Slide 10: Highlights 2008
Highlights 2008 Complete automation in the area of miniature ring coil bobbin inductors for VDSL use A new production line of the RWA series was designed and completed on very short notice at our Technology Center in Neufelden. Advantage: By linking several work steps we have reduced the cycle time
Slide 11: Corporate Development for the First Quarter 2008
Corporate Development for the First Quarter 2008 Q1 2008 Q1 2007 2008/07 (in EUR 000) absolute relative Sales 9,563 11,022 - 1,459 - 13.2 Gross income 2,339 2,730 - 391 - 14.3 EBITDA 568 1,389 - 821 - 59.1 Operating results (EBIT) - 268 930 - 1,198 - EBIT margin (in %) - 2,8 8.44 - - Earnings before
Slide 12: Segment Development for the First Quarter 2008
Segment Development for the First Quarter 2008 Communication Automotive Industry Total Total (in EUR 000) 2008 2008 2008 2008 Q1/2007 Sales revenues 8,323 1,124 116 9,563 11,022 Depreciation/Amortization 486 342 8 836 459 EBIT 176 -196 - 114 - 134 960 First quarter 2007 including EUR 1.7 million in
Slide 13: Factors of Influence 2008
Factors of Influence 2008 The further rise in human resources, particularly in the Automotive segment, and investments in innovative growth projects will lead to an increase in: the personnel expenditure rate by 5.5% points (EUR 1,392 thousand) to 19.6% the depreciation rate by 4.4% points (EUR 1,32
Slide 14: Key Factors in Planning Forecast for Fiscal Year 2008
Key Factors in Planning Forecast for Fiscal Year 2008 Sales forecast for current fiscal year totals approx. EUR 35 million as a result of announced adjustment of client portfolio. EBT estimated at approx. EUR -1.6 million for current fiscal year due to temporary drop in sales and negative one-time e
Slide 15: Key Projects / Measures 2008: European Advanced Concept
Key Projects / Measures 2008 "European Advanced Concept" Project Description: Generation of greater vertical range of manufacture at our production location Prachatice (Czech Republic), Breakdown: Reduction of transport costs EUR 400 thousand Reduction of costs for component assemblies EUR 300 thous
Slide 16: Key Projects / Measures 2008: Offensive
Key Projects / Measures 2008 "Offensive“ Project Description: Drafting of contracts and business development with the objective of securing sales development. Target: Stipulations with clients and suppliers in the interest of optimal sales planning. Generating new orders in 2008 with an additional a
Slide 17: Key Projects / Measures 2008: Revamp
Key Projects / Measures 2008 "Revamp" Project Description: Determination of weak points and cost reduction potential through product and activity cost analysis. Breakdown: Reduction of buying volume EUR 250 thousand Reduction of cost of manufacture EUR 200 thousand Total contribution to operating in
Slide 18: Planning Forecast 2008 - 2012 Sales Planning
Planning Forecast 2008 - 2012 Sales Planning EUR million 70 61 60 55 50 47 41 40 35 30 20 10 0 2008 2009 2010 2011 2012 2007 including EUR 8.2 million in earnings ex contribution margin/ 2008 adjusted accordingly Page 18
Slide 19: Planning Forecast 2008 - 2012 Sales Planning by Segment
Planning Forecast 2008 - 2012 Sales Planning by Segment EUR million 70 60 50 40 30 20 10 0 2008 2009 2010 2011 2012 Total Sales Communication Automotive Industry Page 19
Slide 20: Planning Forecast 2008 - 2012
Planning Forecast 2008 - 2012 Key factors for long-term planning are the increase in earnings by an average of approx. 10% to 15 % per year with the objective of generating a sustained increase in pre-tax return on sales of over 9 % as of the fiscal year 2012. A positive pre-tax return on sales is a
Slide 21: Innovative Products: Communication
Innovative Products for Virtually Every Market Communication Expert know how in inductive components, component assemblies and systems guarantee further successful development of splitter technology from ADSL 2+ to VDSL 2 and secure market leadership. Forecast sales volume 2008 - 2012 stable at appr
Slide 22: Innovative Products: Automotive - Keyless entry
Innovative Products for Virtually Every Market Automotive Inductive components, component assemblies and systems have multiple uses in the automotive industry and feature an enormous growth potential. Product Group: Keyless entry and driver authorization systems Electronic starter, transponder, immo
Slide 23: Innovative Products: Automotive - Engine management
Innovative Products for Virtually Every Market Automotive Inductive components, component assemblies and systems have multiple uses in the automotive industry and feature an enormous growth potential. Product Group: Engine management Actuators/hub magnets for fuel injection (e.g. common rail), steer
Slide 24: Innovative Products: Automotive - Power electronics/hybrid
Innovative Products for Virtually Every Market Automotive Inductive components, component assemblies and systems have multiple uses in the automotive industry and feature an immense growth potential. Product Group: Power electronics/hybrid Transformers, inductors and stator coils, all for hybrid use
Slide 25: Innovative Products: Automotive - Security systems
Innovative Products for Virtually Every Market Automotive Inductive components, component assemblies and systems have multiple uses in the automotive industry and feature an immense growth potential. Product Group: Security systems Sensors for tire pressure control – Helix antennas EUR million Secur
Slide 26: Innovative Products: Industrial Electronics
Innovative Products for Virtually Every Market Industrial Electronics Inductive components, component assemblies and systems secure access to various industrial sectors, Sales Forecast 2008 - 2012 such as EUR million 8 renewable energy sources (solar technology) 7 automation and drive technology 6 5
Slide 27: Targets and Strategy
Targets and Strategy Development of innovative products and manufacturing technologies – Market leader in technology. Superior quality level production - zero defects. Generation of competitive prices – Cost leadership. Expansion of present segments Communication, Automotive, industrial and manufact
Slide 28: Reduced Dependency on Products and Clients
Reduced Dependency on Products and Clients 2008 2012 Industry 3% Industry 11% Automotive 18% Communication 48% Automotive 41% Communication Communication Automotive 79% Industry Page 28
Slide 29: Thank you for your attention
Thank you for your attention and for placing your trust in us. The future through innovation