Pva Tepla Ag · XETR:TPE
Pva Tepla — 9M 2024 Earnings Presentation
18 slides from Pva Tepla's earnings presentation, Nov 4, 2024
Slide 1: Company Presentation 9M 2024
COMPANY PRESENTATION 9M 2024
Slide 2: Highlights Q3 2024
HIGHLIGHTS Q3 2024 ADVANCING OPERATION Metrology demand remains consistently strong SiC development progress: SiC powder of various grain sizes was produced with consistent quality and reproducibility at our Technology Hub Strategic partnership with Scientific Visual: Volume analysis for early detec
Slide 3: Expansion in Italy
EXPANSION IN ITALY BUILDING UP CAPACITY FOR OUR GROWTH PVA TePla strengthens its presence in northern Italy with a new, state-of-the-art production site In-house production of critical components within Material Solutions reduces dependency on external suppliers and improves supply chain resilience.
Slide 4: Key Figures for 9M 2024
KEY FIGURES FOR 9M 2024 PROFITABILITY UP, SALES IN LINE, AND INVESTMENTS ON TRACK Sales in line with expectations at 3.7% growth Profitability improved: 9M EBITDA margin at 16.3%, up Sales EBITDA from 15.2% last year EUR 198.3 m EUR 32.4 m Order intake down 39.7%, metrology business is 11.1% continu
Slide 5: Group Sales
GROUP SALES SOLID PERFORMANCE Year to Year Segment Split Regional sales split: Asia 56%, [EURm] [EURm] +3.7% Germany 9%, Europe (ex- 198.3 Germany) 23%, America 12% 191.2 Semiconductor grew by 1.5%, Industrial segment by 9.0% y/y Metrology is continuously 32% 2023: 30% growing: becoming less depende
Slide 6: Quarterly Development
QUARTERLY DEVELOPMENT MARGINS REMAIN STRONG - DIP DUE TO INVESTMENTS IN STRATEGIC INITIATIVES Sales EBITDA EBIT [EURm] [EURm] [EURm] -2.3% -10.7% -14.9% 64.5 63.0 11.7 9.9 10.5 8.4 (margin) 18.2% 16.6% (margin) 15.4% 13.4% Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 6
Slide 7: Group Profit
GROUP PROFIT IMPROVEMENT IN QUALITY OF RESULTS AT ALL LEVELS Gross Profit EBITDA EBIT [EURm] [EURm] [EURm] +11.2% +11.1% +11.4% 61.8 32.4 55.6 29.1 26.6 23.9 (margin) 29.1% 31.2% (margin) 15.2% 16.3% (margin) 12.5% 13.4% 9M 2023 9M 2024 9M 2023 9M 2024 9M 2023 9M 2024 7
Slide 8: Semiconductor
SEMICONDUCTOR STABLE SALES GROWTH AND SIGNIFICANT EBIT INCREASE IN A TOUGH MARKET Sales and EBIT margin Order intake Sales increased slightly, [EURm] [EURm] demonstrating stability despite +1.5% -39.8% challenging environment EBIT margin improved to 17.3%, 135.7 reflecting product mix effects and 13
Slide 9: Industrial
INDUSTRIAL SALES GROWTH OUTPACING GROUP LEVEL - DECLINE IN ORDERS Sales and EBIT margin Order intake Sales grew above the Group [EURm] [EURm] average by 9.0% EBIT margin remains +9.0% -39.4% well above 10% 62.5 Order intake decreased by 39.4%, 57.4 mainly due to longer decision 59.2 cycles in custom
Slide 10: Order Intake
ORDER INTAKE GROWTH IN METROLOGY; MATERIAL SOLUTIONS SET FOR ACCELERATION Year to Year Product Line Recovery continues, but at a slower [EURm] [EURm / %] pace than expected -39.7% Semiconductor contributes 67% of Material Solutions new orders, Industrial 33% Well diversified order book: Asia 177.6 4
Slide 11: Technology Hub
TECHNOLOGY HUB PVA@ TePia
Slide 12: Technology Hub Service Portfolio
TECHNOLOGY HUB SERVICE PORTFOLIO PVA TEPLA AS TECHNOLOGY PARTNER PLANT ENGINEERING PROCESS R&D DESIGN INDUSTRIALIZATION INTRODUCTION Implementation Development and Identification of established qualification In-house capacity, of suitable Materials & processes after of processes, process sampling te
Slide 13: Silicon Carbide Production Process
SILICON CARBIDE PRODUCTION PROCESS FROM POWDER TO WAFER Analytics Analytics SiC Seed PVT Backing Grinding Wafering Growth Annealing Polishing Polishing Graphite SiC powder Puck Wafer Crucible/Felt SiC Boule ~10 d ~17 d ~25 d MATERIALS PRELIMINARY INSPECTION METROLOGY GROWTH PREPARATION QUALITY CONTR
Slide 14: Volumetric Inspection
VOLUMETRIC INSPECTION FOR ACTIONABLE ANALYTICS 14
Slide 15: Innovation through R&D
INNOVATION THROUGH R&D STRATEGIC FOCUS ON SILICON CARBIDE R&D achievements in Q3 have strengthened the company's capabilities in SiC crystal manufacturing, a critical material for the semiconductor industry PVA TePla’s Technology Hub now enables the production of high-quality, consistent SiC powder
Slide 16: Full-Year Guidance
FULL-YEAR GUIDANCE CONFIRMED AND NARROWED Early signs point to gradual Semiconductor recovery FY2024 sales and EBITDA targets narrowed to lower half of respective ranges (EUR 270m and EUR 290m sales and EUR 47m to EUR 51m EBITDA) 16
Slide 17: Time for Your Questions
TIME FOR YOUR ~\ QUESTIONS PVA@ TePla
Slide 18: Forward-looking statements disclaimer
This pr esen tation contain s forwar d-looking statements which are b ased on certain assu mptions, exp ectations an d opinions of the managem ent of PVA TePla (the "Compan y") or cited from third-party sour ces. These statements are, th erefore, su bject to certain known or unknown risks and uncert