Slide 1: ADCO Circuits Joins Scanfil
ADCO Circut Joins scaniil INVESTOR’AND MEDIA PRESENT, 11 JUNE 2025 Siem CEO CHRISTOPHE SUT
Slide 2: Strategy 2024-2028: Geared for growth
Strategy 2024−2028 Geared for growth Growth Efficiency Segment Geographical Offering Acquisitions Dream Productivity Supply chain focus expansion factory excellence Strategic Enablers Risk Financing Sustainability IT / Data Investor relation management Culture and People 11-Jun-25 2
Slide 3: Strengthening our Foothold in the Americas and Aerospace & Defense
Strengthening our Foothold in the Americas and Aerospace & Defense Åtvidaberg, Sweden Sievi, Finland Malmö, Sweden Pärnu, Estonia Detroit, USA Wutha, Germany Myslowice, Poland Suzhou, China Atlanta, USA Sieradz, Poland Johor Bahru, Malaysia Melbourne, Australia
Slide 4: ADCO and Acquisition in Brief
ADCO and Acquisition in Brief ADCO in Brief Acquisition in Brief • Company official name ADCO Circuits Inc. • Enterprise value of EUR 21.7 million • Established in 1981 • The purchase price for 80% of the shares is • The Seller is the Damman family estimated at EUR 13.6 million, and is to be paid in
Slide 5: State of the Art Electronics Manufacturing Site
State of the Art Electronics Manufacturing Site • All operations and all staff are based out of Rochester Hills, 45 min north of Detroit, Michigan • Production facility of approximately 5,000m² • 120 employees and use of third-party employees to manage demand fluctuations • The production is current
Slide 6: Strategic Fit of ADCO
Strategic Fit of ADCO Growth attributes Customers Aerospace & Defense experience with 37% of turnover Customers Growth opportunities in Energy & Cleantech and Medtech & Life Science Geographical expansion Increased sales-potential in the US, particularly in the north Offering Electronics manufacturi
Slide 7: Perfect Match with Scanfil's Offering
Perfect Match with Scanfil’s Offering Low to mid High Mix Industrial PCBAs Box build System volume clients integration 11-Jun-25 7
Slide 8: Solid Customer Base
Solid Customer Base Breakdown of Top Customers Breakdown by Sector 1% 10 % 37 % Aerospace & Defense 52 % TOP5 Industrial 48 % Other customers Medtech & Life Science Energy & Cleantech 52 % Both are estimates for calendar year 2024. Please note, sectors have not yet been aligned according to Scanfil’
Slide 9: Key Figures of ADCO – Solid Performance
Key Figures of ADCO – Solid Performance EUR million 2023 2024 Turnover 30.1 30.6 Growth, % 1.7 EBITDA 3.3 4.0 EBITA 2.7 3.5 Growth, % 2.3 EBITA, % 9.0 11.4 History of strong cash conversion. The production facility will not be part of the transaction and IFRS 16 related depreciations will lower EBIT
Slide 10: Summary of the ADCO Acquisition
Summary of the ADCO Acquisition • Speeds up strategy execution • Complementary offering to the Atlanta site • Growth platform in the US: • Strong capabilities in electronics manufacturing, • Serving Northern US NPI and fast prototyping with over 40 years’ experience of PCBA manufacturing • Doubling
Slide 11: Q&A
Q&A CONFIDENTIAL 11-Jun-25 11