Slide 1: Cicor Technologies Ltd. Investora 2019
Cicor Technologies Ltd. Investora 2019
Slide 2: Disclaimer
Disclaimer 19 September 2019 The information in this presentation does not constitute an offer or invitation and may not be construed as a recommendation by us to purchase, hold or sell shares of Cicor Technologies Ltd. This information or any copy thereof may not be sent or taken to or distributed
Slide 3: About the Cicor Group
Alexander Hagemann (CEO) About the Cicor Group 3
Slide 4: The Cicor Group
The Cicor Group At a glance The Swiss leader in design and manufacturing of advanced electronics Advanced Microelectronics and Substrates (AMS) Division: Technology leader Electronic Solutions (ES) Division: Full solution provider for electronics and plastics Focus on growth markets: Medical
Slide 5: Leading partner for advanced electronics
Leading partner for advanced electronics An unparalleled offering of products and services Medical Industrial Aerospace Cicor Technologies Ltd. Investora 2019 5
Slide 6: The Cicor Group in H1/2019
Alexander Hagemann (CEO) The Cicor Group in H1/2019 6
Slide 7: Cicor in H1/2019
Cicor in H1/2019 Further gain in market share Sales growth of 7.3% to CHF 131.9 million Order intake of CHF 111.8 million – Book-to-bill ratio of 0.85 EBIT of 7.0 million (5.3%), EBITDA of CHF 11.9 million (9.0%) Opening of the printed electronics technology center in Bronschhofen (Switzerla
Slide 8: Advanced Microelectronics and Substrates
Advanced Microelectronics and Substrates Further margin growth in the AMS Division Sales is practically unchanged at CHF 31.4 million Increase of EBIT margin to 11.8%, EBITDA 18.3% All operations have made a considerable contribution to the results The number of customer projects handled col
Slide 9: Electronic Solutions
Electronic Solutions ES Division grows significantly ES hast grown faster than the market again Sales growth of 9.7% to CHF 100.5 million EBIT decline of 7.8% to 4.1 million, EDITDA growth of 3% to CHF 6.9 million ES Asia was influenced by the implementation of SAP and the transfer activitie
Slide 10: Financial Results H1/2019
Patric Schoch (CFO) Financial Results H1/2019 10
Slide 11: Financial achievements H1/2019
Financial achievements H1/2019 All figures in CHF million at actual FX rates Orders received Net sales EBIT EBITDA Net profit -19.2% +7.3% +3.1% 138.4 131.9 122.9 11.9 111.8 11.6 +0.7% 7.0 7.0 -18.1% 9.4% 9.0% 4.7 5.7% 5.3% 3.8 (ROS) 3.8% 2.9% 2018 2019 2018 2019 2018 2019 2018 2019 2018 2019 Sale
Slide 12: Financial performance 2014 – H1/2019
Financial performance 2014 – H1/2019 All figures in CHF million at actual FX rates Cicor Technologies Ltd. Investora 2019 12
Slide 13: Outlook
Outlook Expectations for 2019 Sales for the whole of 2019 are expected to achieve a low single-digit growth rate. In the EBIT margin is a slight fall expected for the whole year compared with 2018. Acquisition of new customers are expected in both divisions. Further gains in market share are
Slide 14: Mid-term targets
Mid-term targets Cicor Technologies Ltd. Market Focus Topline growth EBIT target Profit distribution Above the Industrial growth of Stable and Medical global 6 - 8% increasing Aerospace electronics Dividends production Cicor Technologies Ltd. Investora 2019 14
Slide 15: Printed Electronics
Dr.-Ing. Andreas Albrecht (Dev. Eng. Printed Electronics) Printed Electronics 15
Slide 16: Aerosol Jet Printing (AJP) Lab
Aerosol Jet Printing (AJP) Lab Since March 2019 at Cicor in Bronschhofen 100µm Tip Printed silver ~10µm Beam (~5-35μm) New development lab at Cicor with fully Print head deposits silver Aerosol jet exiting the equipped development AJP machine: ink to injection molded nozzle Two different atomizers,
Slide 17: Principle of Printed Electronics
Principle of Printed Electronics From bulk to printable Bulk material with desired functionality Metals -> Superior conductivity Conductive polymers -> Resistive, transparent,… Dielectrics -> Isolation, coating,… Sensible Materials -> Sensing of physical / chemical / environmental parameters
Slide 18: Comparison of printing technologies
Comparison of printing technologies Inkjet vs. Aerosol Jet Printing Technical advantages of AJP Higher Resolution Higher printing thickness Larger material portfolio conductive, non-conductive, resistors, biocompatible, photoresist, etc. Possibility to produce 3-dimensional multilayer circui
Slide 19: Process development
Process development Aerosol Jet Printing of Functional Ink Selection of substrate and priming Wettability and Roughness No holes and burrs Selection of functional ink Desired functionality Good adhesion and processability Identification of atomization and deposition parameters Atomization
Slide 20: Current Customer Applications
Current Customer Applications Example: Printed Antennae Antennae with conductive silver ink For consumables, e.g. hearing aids Bluetooth, GPS, and others Isolation and protection layers Silver antenna on LCP Protect sensitive wiring Enables masking and multilayer printing Wiring using silver
Slide 21: Possible Applications
Possible Applications Printed electronics Possible printed electronics applications Antennae for mobile devices Multi-layer PCBs on 3D objects Sensors Physical parameters, e.g. strain gauges, force sensors Environmental parameters, e.g. temperature and humidity sensors Chemical parameter
Slide 22: Investor Relations
Alexander Hagemann (CEO) Investor Relations 22
Slide 23: Investor Relations: Agenda 2019/2020
Investor Relations Agenda 2019/2020 Annual Report 2019 12 March 2020 Annual shareholder meeting 2020 16 April 2020 in Boudry (Switzerland) Interim report 2020 August 2020 Cicor Technologies Ltd. Investora 2019 23
Slide 24: Investor Relations: Contacts
Investor Relations Contacts Alexander Hagemann Patric Schoch Michael Götti CEO CFO VP Corporate Marketing & Communications Cicor Management AG Gebenloostrasse 15 CH - 9552 Bronschhofen investor@cicor.com +41 71 913 73 00 Cicor Technologies Ltd. Investora 2019 24
Slide 25: Thank you for your attention.
Thank you for your attention. www.cicor.com/investors