Comet Holding Ag · SIX:COTN
Comet — Investor Presentation (June 2018)
43 slides from Comet's investor presentation, June 2018
Slide 1: Comet Group – a status update
Comet Group – a status update Dr. René Lenggenhager CEO, Comet Group Technology with Passion Comet Group | 06 - 2018 1
Slide 2: Agenda
Agenda 1 The Group’s Three Core Technologies 2 Comet Group Strategy and Outlook Technology with Passion Comet Group | 06 - 2018 2
Slide 3: The Comet Group at a glance
The Comet Group at a glance We are a Swiss company with high competency in three leading technologies enabling faster, more efficient processes and safer products in many industries. Technology with Passion Comet Group | 06 - 2018 3
Slide 4: The Comet Group at a glance: RF power
The Comet Group at a glance RF power 48% of 2017 Semiconductors Group sales Microchips & Sensors Displays Technology with Passion Comet Group 06 2018 4
Slide 5: RF power business model
Technology overview RF power business model Example: Memory chips for tablets and smart phones RF plasma chamber Wafer Chip COMET Power Supply Unit RF generator RF Match box Vacuum capacitor Technology with Passion Comet Group | 06 - 2018 5 C o m e G r o
Slide 6: The Data Economy as driver of the business
Trend The Data Economy as driver of the business - By 2020 our customers expect 67 zettabytes of generated data Source: AMAT Development potential Mobile + Social A.I. + Big Data Era Media Era High performance Low power PC + Internet Era High performance Cost-effective scaling Low Power Advanced dis
Slide 7: RF generator as driver of future growth
RF generator as Concept eval. driver of future a growth - Development b customers are Verification & waiting validation g Introduction “We are highly interested in LAM the new RF power generator TEL 700m to replace the old ones in our fabs.” Asian Customer AMAT Generator market Technology with Passi
Slide 8: Partnerships are key: Collaboration and expansion in China progressing
Partnerships are key: Collaboration and expansion in China progressing Value Contribution Award from Beijing Naura Technology with Passion Comet Group 06 2018 8
Slide 9: The Comet Group at a glance: X-ray
The Comet Group at a glance X-ray 45% Electronics of 2017 Group sales Automotive / Foundries Aerospace Security / Technology with Passion Comet Group 06 2018 9
Slide 10: X-ray business model
Technology overview X-ray business model Example: Inspection of turbine blades Turbine blade Turbine Comet Group X-ray Image Inspection software Yxlon X-ray system Comet X-ray source Technology with Passion Comet Group | 06 - 2018 10 C o m e G r o
Slide 11: The Comet Group at a glance: X-Ray systems
The Comet Group at a glance X-Ray systems 45% Electronics of 2017 Group sales Automotive / Foundries Aerospace X-Ray systems / Technology with Passion Comet Group 06 2018 11
Slide 12: Digitalization as a huge opportunity with x-ray systems
Trend Digitalization as a huge opportunity to create value for the customers with x-ray systems Yxlon: Process control Manufact. yield Connectivity Technology with Passion Comet Group 06 2018 12
Slide 13: IXS is creating value: At-line
Status update IXS is creating value: At-line IXS Management Information System At-Line X-Ray Technology with Passion Comet Group | 06 - 2018 13
Slide 14: In future IXS also wants to create value with Industry 4.0: In-line
Status update In future IXS also wants to create value with Industry 4.0: In-line Process Data Sensor optimization analysis + IXS Design verification Technology with Passion Comet Group | 06 - 2018 14
Slide 15: FF CT 85 system – At-line system launch
At-line system launch: FF CT 85 system – next member of the new generation of CT systems offering customers maximum flexibility and usability Technology with Passion Comet Group 06 2018 15
Slide 16: Successful launch of FF CT 85 system at Control trade show
Successful launch of FF CT 85 system at Control trade show Continued investment in product portfolio “… unique combination of component size and resolution quality... We have renewal not found another company that can accommodate such a broad component size spectrum while maintaining such a high res
Slide 17: The Comet Group at a glance: X-Ray components
The Comet Group at a glance X-Ray components 45% Electronics of 2017 Group sales Automotive / Foundries Aerospace Security / Technology with Passion Comet Group 06 2018 17
Slide 18: Market introduction of iVario
Market introduction of iVario IoT capable, for many different applications Technology with Passion Comet Group 06 2018 18
Slide 19: Market intro of IoT capable iVario - customer roadshow ongoing
Market intro of IoT capable iVario - customer roadshow ongoing Technology with Passion Comet Group 06 2018 19
Slide 20: The Comet Group at a glance: ebeam
The Comet Group at a glance ebeam 7% of 2017 Food Group sales Printing Technology with Passion Comet Group 06 2018 20
Slide 21: ebeam business model
Technology overview ebeam business model Example: Curing of food packaging Inkjet Printing Machine ebeam engine by Comet Technology with Passion Comet Group | 06 - 2018 21 C o m e G r o
Slide 22: Addressing the increasing needs of the industry for cost efficient, sustainable solutions
Addressing the increasing needs of the industry for cost efficient, sustainable solutions High constant Without Energy efficient, performance chemicals or without heat photoinitiators Technology with Passion Comet Group 06 2018 22
Slide 23: Ongoing investment in developing new applications with our partners
Ongoing investment in developing new applications with our partners Technology with Passion Comet Group 06 2018 23
Slide 24: Printing: ebeam based digital printing machine in partnership with UTECO
Printing Printing: ebeam based digital printing machine in partnership with UTECO ebeam-based digital printing machine GAIA: developed within 10 months launched September 2017 at LabelExpo launch with higher resolution & more speed at Print4All 2018 Market size packaging: US$ 400b Annual growt
Slide 25: The typical printing process
Printing The typical printing process Analog or Finishing: Priming Laminating digital print Drying/ Curing Drying/ Curing with heat /UV with heat /UV Technology with Passion Comet Group 06 2018 25
Slide 26: ebeam helps to save process steps
Printing ebeam helps to save process steps Finishing: Analog or Laminating digital printing Optional Curing with ebeam Technology with Passion Comet Group 06 2018 26
Slide 27: Digital Printing system now introduced with higher resolution, more colours and higher speed
Printing Digital Printing system now introduced with higher resolution, more colours and higher speed 25m/min 100m/min LabelExpo 2017 Print4All 2018 Technology with Passion Comet Group 06 2018 27
Slide 28: Inactivation of dry granular food in partnership with Bühler
Food Inactivation of dry granular food in partnership with Bühler Demonstrator built 2016 Successful field tests at Kündig, Germany 2017 Networking event around Ipack-Ima 2018 Goal commercialization blue parts from Comet Technology with Passion Comet Group 06 2018 28
Slide 29: Updated strategy to integrate ebeam in new product generation will lead to a delay in sales revenue
Food Updated strategy to integrate ebeam in new product generation will lead to a delay in sales revenue From family packs to single use packs with different caps, closures, shapes and capacity ebeam cornerstone of Tetra Pak’s new product generation ebeam in use today and tomorrow ebeam in use t
Slide 30: New application for ebeam: Hatching eggs in partnership with Bell Food Group AG
Food New application for ebeam: Hatching eggs in partnership with Bell Food Group AG Demonstrator to inactivate microorganisms on eggs Machine set up H1 2018 Field tests Expected impact: No fumigation No or less antibiotic No disease transmission Increase in body weight per time Improved chick
Slide 31: Agenda
Agenda 1 The Group’s Three Core Technologies – an Update 2 Comet Group Strategy and Outlook Technology with Passion Comet Group | 06 - 2018 31
Slide 32: Our four levers for growth beyond 2020
Strategy Our four levers for growth beyond 2020 Digitalization Diversification Smart factory Regions Smart products & services Applications Smart processes Products & Services Go-to-Market Speed & Agility Customer centricity Leadership Market access Culture Cross-selling (Lab One) Processes Competen
Slide 33: Outlook
Outlook 2018 2019 Sales ROCE Sales in CHFm in % in CHFm 460-490 17-20 500 Fx assumptions: EBITDA margin: EBITDA margin: 1.15 €/CHF, 0.93 $/CHF 14-16% 16-18% Technology with Passion Comet Group 06 2018 33
Slide 34: Building expansion on track and expected to be handed over in summer
Space for growth: Building expansion on track and expected to be handed over in summer Spring 2018 Autumn 2017 Technology with Passion Comet Group | 06 - 2018 34 C o m e G r o
Slide 35: Q&A
Q&A Technology with Passion Comet Group | 06 - 2018 35
Slide 36: Thank you for your interest!
Thank you for your interest! Technology with Passion Comet Group 06 2018 36
Slide 37: Our set up
Summary Our set up CEO R. Lenggenhager CIO CFO E. Dubuis M. Portmann CHRO Communications P. Hafner I. Najorka COO T. Polzer Plasma Control Plasma Control ebeam X-RaySystems X-Ray Systems X-Ray X-Ray Modules Modules Technologies Technologies Technologies M. Kammerer D. Steck S. Haferl a.i. R.Lenggenh
Slide 38: Stock information – Comet Holding AG
Information for investors Stock information – Comet Holding AG Stock market SIX Swiss Exchange ISIN CH00036082699 Security number 382575 Ticker symbol COTN Industry Manufacturing systems, engineering Currency CHF Category Registered shares Shareholder's equity in CHF (31.12.2017) 206.4 mCHF Number o
Slide 39: Development of share price over the last 3 years
Information for investors Development of share price over the last 3 years - COMET Group - SPI - SSCI Technology with Passion Comet Group | 06 - 2018 39
Slide 40: Significant shareholders
Information for investors Significant shareholders Direct Shareholder Beneficial owner Share of voting rights > 3% as disclosed by shareholder June, 1, 2018 Tringle Investment Pte Ltd Haldor Foundation 10.13% Camox Master Fund Cologny Advisors LLP 3.26% Technology with Passion Comet Group | 06 - 201
Slide 41: Development of Stock
Information for investors Development of Stock Technology with Passion Comet Group | 06 - 2018 41
Slide 42: Analyst Coverage
Information for investors Analyst Coverage Helvea AG Bank Vontobel AG Reto Amstalden Michael Foeth T +41 43 388 92 61 T +41 58 283 52 23 Talstrasse 9, 8001 Zurich Gotthardstrasse 43, 8022 Zurich Credit Suisse ZKB Michael Inauen Alexander Koller EMEA Equity Research T +41 44 292 31 00 Switzerland Ste
Slide 43: Financial calendar for the Comet Group
Information for investors Financial calendar for the Comet Group August 16, 2018 Publication of half-year report November 13, 2018 Investor Day For more details on business development and financial data please see our annual report at http://www.comet-group.com or contact Markus Portmann Ines Najor