Inficon Holding Ag · SIX:IFCN

Inficon — Q1 2020 Earnings Presentation

19 slides from Inficon's earnings presentation, Apr 22, 2020

  1. Slide 1: Q1 2020 Earnings Conference Call

    Q1 2020 EARNINGS CONFERENCE CALL April 22, 2020 Bad Ragaz, Switzerland

  2. Slide 2: Speakers

    Summary End Markets Outlook P&L / Balance Sheet Guidance Speakers Lukas Winkler, President and CEO Key figures Q1 2020 Target market business review Expectations 2020 Matthias Tröndle, Vice President and CFO Financials Q1 2020 April 22, 2020 2

  3. Slide 3: Q1 2020 – Key Figures

    Summary End Markets Outlook P&L / Balance Sheet Guidance Q1 2020 – Key Figures  Strong performance in Semi & Vacuum, expected decline in Security & Energy, other areas quite stable  Sales decrease of 3.2% to USD 92.6 million compared with Q1 2019, organic decrease of 2.9%  Sequential sales declin

  4. Slide 4: Net Sales by End Market

    Summary End Markets Outlook P&L / Balance Sheet Guidance Net Sales by End Market USD 92.6 million in Q1 2020 (-3.2%) EUR ASIA NA April 22, 2020 4

  5. Slide 5: Security & Energy

    Summary End Markets Outlook P&L / Balance Sheet Guidance Security & Energy Q1 2020 Sales to End Market  Sales decrease of -39.7% to USD 3.5 million Security & Energy -5.8% CAGR (2014 - 2019) in Q1 2020 vs Q1 2019, and -55.1% vs (in MUSD) Q4 2019 due to low security business in Asia and 33.1 North A

  6. Slide 6: Refrigeration, Air Conditioning & Automotive

    Summary End Markets Outlook P&L / Balance Sheet Guidance Refrigeration, Air Conditioning & Automotive Q1 2020 Sales to End Market Refrigeration, Air Conditioning &  Q1 2020 sales decrease of -6.5% to Automotive +9.2% CAGR (2014 - 2019) 84.4 USD 20.0 million vs Q1 2019 (in MUSD) 81.5 76.2  Sequenti

  7. Slide 7: Semi & Vacuum Coating

    Summary End Markets Outlook P&L / Balance Sheet Guidance Semi & Vacuum Coating Solar, Display, Optics & Semiconductor Q1 2020 Sales to End Market Semi & Vacuum Coating  Sales Q1 2020 increase of 8.4% vs Q1 2019 +10.2% CAGR (2014 - 2019) (in MUSD)  Sequentially stable, despite several weeks of 184.

  8. Slide 8: General Vacuum

    Summary End Markets Outlook P&L / Balance Sheet Guidance General Vacuum Q1 2020 Sales to End Market General Vacuum  Q1 2020 sales decline of -9.2% to USD 26.6 -1.4% CAGR (2014 - 2019) million vs Q1 2019 mainly caused by Asian (in MUSD) market slowdown 115.3  Sequential increase of 1.5% 104.9 107.0

  9. Slide 9: Outlook 2020

    Summary End Markets Outlook P&L / Balance Sheet Guidance Outlook 2020 Uncertainty and fragile situation due to COVID-19; Danger of knock-on effects!  Ongoing Semiconductor market recovery (Industry 4.0, IoT, Big Data,5G, AI etc.)  Foundry and Logic Fab remain at a high level & memory market reboun

  10. Slide 10: Speaker Matthias Tröndle, Vice President and CFO

    Summary End Markets Outlook P&L / Balance Sheet Guidance Speaker Matthias Tröndle, Vice President and CFO Financials Q1 2020 April 22, 2020 10

  11. Slide 11: Sales

    Summary End Markets Outlook P&L / Balance Sheet Guidance Sales (in MUSD) FX-Effect -0.3 MUSD 95.7 -3.2% 96.3 -3.8% 92.6 92.6 Q1 19 Q1 20 Q4 19 Q1 20 Year-over-year: Sales in Semi & Sequential: decline almost Vacuum Coating strong, Security exclusively driven by lower sales & Energy market weak in Se

  12. Slide 12: Geographic Sales Breakdown – Quarter

    Summary End Markets Outlook P&L / Balance Sheet Guidance Geographic Sales Breakdown – Quarter (in MUSD) Europe Asia-Pacific North America -0.6% +1.7% -10.3% 34.7 34.5 29.6 30.1 30.1 27.0 30.9% 32.5% 36.2% 37.2% 31.5% 29.2% Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 20 Asia-Pacific stable despite market disrup

  13. Slide 13: Gross Profit, Costs, and Operating Income

    Summary End Markets Outlook P&L / Balance Sheet Guidance Gross Profit, Costs, and Operating Income Gross Profit Margin R&D (in MUSD) SG&A (in MUSD) Operating Income (in MUSD) -1.3% 22.6 22.3 +7.0% -16.2% -96 9.2 16.7 bps 8.6 50.1% 49.1% 14.0 17.5% 15.1% of NS of NS Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 2

  14. Slide 14: Net Income and EPS Development

    Summary End Markets Outlook P&L / Balance Sheet Guidance Net Income and EPS Development Income Tax (in MUSD) Net Income (in MUSD) EPS (in USD, diluted) -10.9% 12.8 -11.4% 11.4 3.7 -59.5% 5.27 4.67 13.4% 12.3% 1.5 of NS of NS Q1 19 Q1 20 Q1 19 Q1 20 Q1 19 Q1 20  Income tax: Decrease driven by the pr

  15. Slide 15: Balance Sheet Highlights

    Summary End Markets Outlook P&L / Balance Sheet Guidance Balance Sheet Highlights (in MUSD) Balance Sheet Structure 2020 MUSD 278.4 MUSD 278.4 Fixed assets 28% Other non- 4% current assets 79% Equity Inventories 26% Cash Flow Receivables 19% Other current Non-current 7.3 -47.9% 5% liabilities 5% Cas

  16. Slide 16: Guidance FY 2020 and Corporate Communication Calendar

    Summary End Markets Outlook P&L / Balance Sheet Guidance GUIDANCE FY 2020 AND CORPORATE COMMUNICATION CALENDAR April 22, 2020 16

  17. Slide 17: Full Year 2020 Guidance

    Summary End Markets Outlook P&L / Balance Sheet Guidance Full Year 2020 Guidance Sales (MUSD) 410 374 382 Guidance 2020 305 310 293 279 • No formal Guidance for 2020 2013 2014 2015 2016 2017 2018 2019 • INFICON continues to refrain from Operating Income (MUSD) issuing a guidance for the financial 81

  18. Slide 18: Corporate Calendar FY 2020

    Summary End Markets Outlook P&L / Balance Sheet Guidance Corporate Calendar FY 2020  Q2 FY 2020 and Half-Year Results July 29, 2020  Q3 FY 2020 Earnings Conference Call October 21, 2020  Q4 and FY 2020 Earnings Conference Call March 2021 **Earnings dates are subject to change** April 22, 2020 18

  19. Slide 19: Thank You! Q&A

    Q)INFICON Inspired by visions. Proven by success. THANK YOU! Q&A

Inficon — Q1 2020 Earnings Presentation on 6ix