Slide 1: Presentation of results for the full year 2016
März 17 Zurich, 15 March 2017 Presentation of results for the full year 2016 Ronald Fehlmann, CEO Markus Portmann, CFO Technology with Passion Agenda 1 COMET Group at a Glance R. Fehlmann 2 Recap: COMET Strategy / Growth Engine R. Fehlmann 3 Review 2016 R. Fehlmann Group & Business Segments 4 Financ
Slide 2: Swiss company with competency in three leading technologies
März 17 We are a Swiss company with high competency in three leading technologies … FY Results 2016 | March 15, 2017 3 … enabling faster, more efficient new and existing processes and safer products in many industries Printing Printing Semiconductor Food Microchips & Sensors Food Displays Automotive
Slide 3: Well diversified with established businesses and new growth fields
März 17 We are well diversified with established businesses and new promising growth fields 5.1% 41.4% of Group sales of Group sales 53.5% of Group sales FY Results 2016 | 15.03.2017 5 COMET Group at a glance We foster a strong global presence and distribution network… Sales outside 13 Switzerland l
Slide 4: COMET Group at a glance: headquarters in Flamatt
März 17 COMET Group at a glance …coordinated by a strong headquarters in Flamatt Sales outside 13 Switzerland locations worldwide … 99% Employees >1200 in R&D ~200 FY Results 2016 | March 15, 2017 7 Agenda 1 COMET Group at a Glance R. Fehlmann 2 Recap: COMET Strategy / Growth Engine R. Fehlmann 3 Re
Slide 5: Strategic building blocks and growth engine
März 17 Strategic building blocks The COMET Group’s four building blocks for growth Strategy to 2012 Forward Integration New Applications + Strategy to 2015 Key Account Partnering +/ Strategy 2020 Systems Modules Market Coverage Products Technology Commercialization FY Results 2016 | Ma
Slide 6: Growth initiatives and business development funnel
März 17 Strategy update: COMET Group growth engine Another substantial part of our growth is generated by specific Growth Initiatives FY Results 2016 | March 15, 2017 11 Strategy update: COMET Group growth engine Future growth is being prepared through a funnel of Business Development activities FY
Slide 7: Business development funded by ongoing business and operational excellence
März 17 Strategy update: COMET Group growth engine The funds for Business Development activities are generated by Ongoing Business and Operational Excellence projects FY Results 2016 | March 15, 2017 13 Agenda 1 COMET Group at a Glance R. Fehlmann 2 Recap: COMET Strategy / Growth Engine R. Fehlmann
Slide 8: Record results in 2016 and strategic milestones achieved
März 17 The consistent implementation of the strategy led to record results in 2016, and major strategic milestones were achieved Record results Progress on all four strategic Groundbreaking in building blocks Flamatt to ensure Net sales in CHFm Innovative Technologies Partnerships capacity for futu
Slide 9: Strong balance sheet despite building expansion in Flamatt
März 17 Review FY 2016 2016: Strong balance sheet numbers despite the investment in the building expansion in Flamatt Operating cash flow -6.9% vs. previous year in CHF From 35.7m to 33.2m Net cash in CHF Increased net cash vs. previous year From 2.3m to 4.4m Equity ratio -12.3% points vs. previous
Slide 10: Growth in all established segments and core regions
März 17 Review FY 2016 In 2016, we delivered growth in all established segments … Plasma Control Industrial ebeam PCT X-RayIXS Systems IXM EBT Technologies X-Ray Modules Technologies +22.9% +19.8% +7.5% -6.6% Net sales 137.6m 121.4m 69.6m 16.9m in CHF (2015: 111.9m) (2015: 101.4m) (2015: 64.8m*) (20
Slide 11: Plasma Control Technologies: strong profitable growth
März 17 Plasma Control Technologies PCT: Strong profitable growth due to high demand in Q3 and Q4, expanded market position and higher efficiency 20.7% sales growth in local currencies Strong demand in Q3 and Q4 for NAND Investment in highly reliable, fast and precise matchboxes to meet high req
Slide 12: X-Ray Systems: strong sales growth, metrology milestones
März 17 X-Ray Systems IXS: Strong sales growth, important milestones reached with metrology as new application Sales increase of 16.3% in local currencies Expansion with CT systems using rising demand for solutions that allow 3-D- inspection of more complex components in industrial processes C
Slide 13: Industrial X-Ray Modules: back on growth trajectory
März 17 Industrial X-Ray Modules IXM: Back on growth trajectory; significant improvement in profitability 6.1% sales growth in local currencies driven by Successful strategy of forward integration (offering complete XRS sources) in NDT market Developing of security inspection market Completion
Slide 14: ebeam Technologies: Tetra on track, new applications
März 17 ebeam Technologies EBT: Tetra on track, promising prototypes for new applications, planned strong growth in 2017 Sales decrease of 8.4% in local currencies Large orders postponed, but basis laid for strong growth due to contractually secured orders Important milestones with food and digita
Slide 15: Financial Results: strong results from focused growth strategy
März 17 Agenda 1 COMET Group at a Glance R. Fehlmann 2 Recap: COMET Strategy / Growth Engine R. Fehlmann 3 Review 2016 R. Fehlmann Group & Business Segments 4 Financial Results M. Portmann 5 Outlook 2017 R. Fehlmann 6 Status Update: Digital Printing R. Fehlmann 7 Questions & Answers All FY Results 2
Slide 16: Net USD exposure and currency effects on sales
März 17 Financial Results Net USD exposure of CHF 84m YTD 2016, other currencies mostly hedged EBIT Stronger USD and EUR (at average rates) had the Net USD following impacts on Sales exposure of and EBIT CHF 84m The positive net impact of all currencies on sales totaled CHF 6.9m, with a USD impa
Slide 17: EBITDA margin above prior year at comparable values
März 17 Financial Results At comparable values, EBITDA margin above prior year level despite increased investment Reconciliation: Dec YTD 2016 vs. PY As reported @ constant @ constant FX IAS19 As reported @ nominal FX rates FX rates and impact impact FX rates vs. before IAS19 PY Dec YTD D Dec YTD De
Slide 18: Strong increase in net income
März 17 Financial Results Strong increase in net income driven by profitable sales growth +60% 35.0 -3.8 +3.0 Operating income 30.0 +11.0 27.3 CHF 36.5m 25.0 (PY CHF 25.5m) CHF millions Net financing expenses 20.0 17.1 CHF 0.4m 15.0 (PY CHF 3.4m) 10.0 Income tax expense CHF 8.8m (PY 5.0m) 5.0
Slide 19: Income tax rate and balance sheet ratios
März 17 Financial Results Income tax rate of 24% on prior year level Applying the expected Group tax rate of 28%, income before tax of CHF 36.1m would lead to an expected income tax of CHF 10.1m Actual income tax reported totaled CHF 8.8m. The difference of CHF 1.3m from the expected income tax
Slide 20: Solid operating cash flow
März 17 Financial Results Solid operating cash flow reflects profitable growth and intensified working capital management CF provided by operating CF used in investing CF provided by activities activities Free cash flow financing activities CHF 33.2m CHF -21.6m CHF = 11.6m CHF 39.2m a) Cash as of 1.
Slide 21: Working capital ratios further improved
März 17 Financial Results Working capital ratios further improved Working capital ratios Total net working capital increased by CHF 16.6m, driven by a strong year-end performance (high trade receivables balance) and a strong order backlog (increasing inventory balance) Monthly average net workin
Slide 22: Equity increased; net cash position of CHF 4.4m
März 17 Financial Results Equity increased in absolute terms, driven by profitability Current liabilities increased by CHF 15.8m, mainly driven by: Increase in trade payables, prepayments from customers, and accrued expenses Non-current liabilities increased by CHF 59.3m, mainly due to: Issuance
Slide 23: Increased distribution to shareholders; 10-for-1 stock split
März 17 Financial Results Increase in distribution to shareholders from distributable paid-in capital increased vs. prior year 14.0 70% 12.0 60% 10.0 50% 8.0 40% in CHF 6.0 30% 4.0 20% 2.0 10% 0.0 0% 2012 2013 2014 2015 2016* Dividend Pay-out ratio in % * The Board of Directors proposes to distribut
Slide 24: Strategy 2020: positioned for strong profitable growth
März 17 Agenda 1 COMET Group at a Glance R. Fehlmann 2 Recap: COMET Strategy / Growth Engine R. Fehlmann 3 Review 2016 R. Fehlmann Group & Business Segments 4 Financial Results M. Portmann 5 Outlook 2017 R. Fehlmann 6 Status Update: Digital Printing R. Fehlmann 7 Questions & Answers All FY Results 2
Slide 25: Outlook 2017 and sales growth by segment to 2020
März 17 Summary Strongest growth until 2018 expected from PCT, strongest long-term growth after 2018 from EBT ~500 CHFm Strongest long-term growth Sales in CHFm expected from ebeam Strongest growth expected from RF power 2015 2016 2017 2018 2019 2020 IXM IXS EBT PCT FY Results 2016 | March 15, 2017
Slide 26: ebeam inkjet Dryer: pilot to enter digital printing market
März 17 Agenda 1 COMET Group at a Glance R. Fehlmann 2 Recap: COMET Strategy / Growth Engine R. Fehlmann 3 Review 2016 R. Fehlmann Group & Business Segments 4 Financial Results M. Portmann 5 Outlook 2017 R. Fehlmann 6 Status Update: Digital Printing R. Fehlmann 7 Questions & Answers All FY Results 2
Slide 27: Digital printing partners; UTECO as first strategic partner
März 17 What it takes to grow in digital printing: Strong partners for printing machine, heads, ink Print ebeam heads curable inks ebeam Printing Inkjet machine dryer FY Results 2016 | March 15, 2017 53 UTECO Group as first strategic partner for developing ebeam-based digital printing offering Far-r
Slide 28: Questions & answers
März 17 Agenda 1 COMET Group at a Glance R. Fehlmann 2 Recap: COMET Strategy / Growth Engine R. Fehlmann 3 Review 2016 R. Fehlmann Group & Business Segments 4 Financial Results M. Portmann 5 Outlook 2017 R. Fehlmann 6 Status Update: Digital Printing R. Fehlmann 7 Questions & Answers All FY Results 2
Slide 29: Financial calendar and thank you
März 17 Financial calendar for the COMET Group April 20, 2017 General Assembly in Berne August 16, 2017 Publication of the half-year report November 23, 2017 Investor Day For more details on business performance and financial data, please see our annual report at http://www.comet-group.com or contac
Slide 30: Disclaimer
März 17 Disclaimer This document contains forward-looking statements about COMET that may be subject to uncertainty and risk. Readers should therefore be aware that such statements may deviate from actual future outcomes or events. Forward- looking statements in this document are projections of poss