Slide 1: Q3 2022 – Improved profit with strong sales
Q3 2022 – Improved profit with strong sales PETTERI JOKITALO, CEO 26 OCTOBER 2022
Slide 2: Highlights for Q3 2022
Highlights for Q3 2022 • Strong customer demand and turnover Q3 Q1 2022 2022 • Improved operating profit due to increased sales volumes 196.6M€ 211.9 M€/ /26.3% 20.4% and enhanced hedging Turnover/ Change y/y Turnover • Further strengthening of net cash flow from operations 10.3 M€ / 5.3% • Spot mar
Slide 3: Customer Segments
Customer Segments Q3 2022 Change, Q3 2022, Change, y/y, M€ y/y, % Growth drivers spot*, M€ ex. spot*, % Advanced Consumer Applications 67.8 22.6 11.4 21.7 Automation & Safety 44.2 35.9 Process automation 3.8 24.8 Connectivity 7.8 6.9 0.1 5.9 Energy & Cleantech 53.1 22.0 Energy-saving and recycling s
Slide 4: Key Figures
Key Figures 7-9 2022 7-9 2021 Change,% 2021 Turnover, EUR million 211.9 167.8 26.3 695.7 Operating Profit, EUR million 11.5 9.5 21.4 39.6 Operating Profit, % 5.4 5.7 5.7 Earnings per Share, EUR 0.15 0.08 0.46 Return on Equity, % 15.4 15.0 15.2 Equity Ratio, % 42.5 46.8 45.3 Net Gearing, % 44.2 25.2
Slide 5: Balance sheet: Stable financial position
Balance sheet: Stable financial position MEUR 229,3 218 • Cash and cash equivalents totaled EUR 19.9 (7.5) million Inventories Equity • Equity ratio 42.5% (46.8%) and net Goodwill 11,3 7,8 Interest bearing debt gearing 44.2% (25.2%) 19,9 Other intangible 116,3 • Inventories EUR 229.3 (172.8) million
Slide 6: Turnover Q3 2019 – Q3 2022
Turnover Q3 2019 – Q3 2022 MEUR 250 212,9 211,9 191,7 196,6 200 172,9 167,8 163,3 152,3 154,7 155,6 154,1 150 144,1 141,6 100 50 0 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 6
Slide 7: Turnover Q3 2019 – Q3 2022
Turnover Q3 2019 – Q3 2022 MEUR 154.1* Spot purchases and special freights 29,5 14,4 17,0 19,6 11,7 250 0,7 5,8 212,9 211,9 191,7 196,6 200 172,9 167,8 163,3 183.4 152,3 154,7 155,6 154,1 179.6 192.3 144,1 141,6 177.4 150 167.1 156.1 100 50 0 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4
Slide 8: Operating Profit Q3 2019 – Q3 2022
Operating Profit Q3 2019 – Q3 2022 MEUR % 15 12,1 11,5 10 10,4 10,6 10,2 10,2 10,3 10,1 10,0 9,9 10,0 9,5 7,9% 8,6 7,0% 6,8% 6,5% 6,5% 6,0% 6,1% 6,1% 5,7% 5,3% 5,3% 5,4% 5 4,8% 0 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Adjusted operating profit, MEUR Operating p
Slide 9: Major production investments in 2022
Major production investments in 2022 Factory Area, m² Other Atlanta, USA 6,000 New space, SMT lines Wutha, GER 1,800 New space and infrastructure mainly to medical customers Malmö, SWE 1,500 New space for assembly and warehouse automation Suzhou, CN 1,400 Space changed into production space. Warehou
Slide 10: Outlook and focus in 2022
Outlook and focus in 2022 Scanfil estimates that its turnover for 2022 will be EUR 800–880 (14 April: 750–820) million and its adjusted operating profit will be EUR 43–48 (unchanged) million. The outlook involves uncertainty especially arising from the availability and price level of semiconductors
Slide 11: Long-term targets
Long-term targets • Annual organic growth of 5-7% • Operating profit level at 7% • Dividend approximately 1/3 of the annual earnings per share • Good growth prospects in Energy & Cleantech together with Medtech & Life Science • Central Europe also very attractive growth driver for Scanfil • In the l
Slide 12: Q&A
SCANFIL Q&A
Slide 13: Key takeaways
Key takeaways • Strong customer demand and sales in Q3 • Profit improved in Q3 as expected • Further improved net cash flow from operations driven by improved profitability and halted inventory growth • Investments done in 2022 and planned for 2023 will ensure expected sales growth • Turnover growth
Slide 14: Contact information and analysts
Inderes Oy Antti Viljakainen +358 44 591 2216 antti.viljakainen(at)inderes.fi Evli Pankki Oyj Joonas Ilvonen Contact information +358 44 430 9071 joonas.ilvonen(at)evli.com and analysts OP Financial Group Joona Tersa +358 10 252 4351 PETTERI JOKITALO, CEO joona.tersa(at)op.fi +358 44 7882400 petteri
Slide 15: Disclaimer
Disclaimer Not to be published or distributed, directly or indirectly, in any country where its distribution or publication is unlawful. Forward looking statements: certain statements in this presentation may constitute "forward-looking" statements which involve known and unknown risks, uncertaintie
Slide 16: Global contract manufacturer and systems supplier
Global contract manufacturer and systems supplier