Slide 1: Scanfil − trusted manufacturing partner
Scanfil − trusted manufacturing partner PETTERI JOKITALO, CEO SCANFIL 8 MARCH 2021
Slide 2: Contents
Contents Scanfil in brief, financial development in 2020 Scanfil as an investment Dividend proposal and and outlook for 2021 Long-term targets Investor relations 2
Slide 3: Scanfil in brief
Scanfil in brief FACTORIES 15 % 4% Sweden 2 18 % 9% Finland 1 36 % Estonia 1 11 % Turnover 2020 15 % Personnel 595 MEUR 10 % ~3,200 31 % 21 % 14 % 16 % Communication Poland Sweden Consumer Applications China Germany Poland 2 China 1 Energy & Automation Estonia USA USA 1 Industria
Slide 4: Trusted manufacturing partner: added value from an idea into production
Trusted manufacturing partner: added value from an idea into production CUSTOMER SCANFIL After-sales Industralisation services Requirement Vertically integrated specifications production services Product Design End-of-Life 4
Slide 5: Solid performance in exceptional year
Solid performance in exceptional year 2020 • Customer demand picked up towards year end M€ 595.3/2.7% • Stable profitability Turnover/Growth • Efficiency improvements in the factory network: Divestment of Hangzhou factor. Decision to close Hamburg factory and continue its production in other Scanfil
Slide 6: Scanfil as an investment
SCANFIL Scanfil as an investment
Slide 7: Strategy and competitive advantages
Strategy and competitive advantages • Products with electronics • Specified in low volume products and short production series • Industrial and MedTech-customers • Clear factory strategy; close to customer R&D or customer’s end-market • Global factory network
Slide 8: Stable predictability
Stable predictability • Turnover growth 16%, (CAGR, 2012–2020) • Operating profit growth 24%, (CAGR 2012– 2020) • Broad customer base reduces the cyclicality of operations 100 % • Dependency on a single customer has 34% 75 % reduced significantly 69% 16% 50 % 17% 7% • Industrial customers have long-
Slide 9: Growth drivers
Growth drivers • Historical market growth of global EMS 3–6% p.a. • Increasing demand of electronics due to digitalisation and new technological innovations • Customer base benefits from global megatrends: global leaders in their own segments and early stage growth companies • Huge potential in Cent
Slide 10: Profitability drivers
Profitability drivers • Flexible cost-base and low fixed costs • Clear factory strategy and operational model • Operational model enables moderate investment levels and depreciations • Business cultures. Fast decision-making process and efficient execution. • Efficient use of assets
Slide 11: Dividend proposal and outlook for 2021, Long term targets
Dividend proposal and outlook for 2021 Long term targets
Slide 12: Dividend and dividend policy
Dividend and dividend policy • The Board proposes to the Annual General Meeting to decide on dividend of EUR 0.17 per share • If the proposal will be accepted, dividend will increase for the 8th consecutive year • Dividend policy suggests 1/3 of the earnings per share to be distributed as dividend 0
Slide 13: Outlook for 2021
Outlook for 2021 Scanfil estimates that its turnover for 2021 will be EUR 600 –640 million and its adjusted operating profit will be EUR 40–44million. The guidance for 2021 involves uncertainty arising from the potential negative impact of the availability of certain materials, especially semiconduc
Slide 14: Long term targets
Long term targets Scanfil’s long term target: In 2023, Scanfil is organically aiming for EUR 700 million turnover and 7% operating profit.
Slide 15: Investor relations and analysts following Scanfil
Inderes Oy Antti Viljakainen +358 44 591 2216 antti.viljakainen(at)inderes.fi Evli Pankki Oyj Joonas Ilvonen Investor relations and +358 44 430 9071 joonas.ilvonen(at)evli.com analysts following Scanfil OP Financial Group Kim Gorschelnik +358 10 252 4351 PETTERI JOKITALO, CEO kim.gorschelnik(at)op.f
Slide 16: 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 17: Your Trusted Manufacturing Partner
Your Trusted Manufacturing Partner