Slide 1: 1H 2023 Results Presentation
1H 2023 Results Presentation August 9, 2023
Slide 2: Disclaimer
Disclaimer This proprietary presentation (including any accompanying oral presentation, question and answer session and any other document or materials distributed with or in connection with this presentation) (collectively, the “Presentation”) has been prepared by Technoprobe S.p.A. (the “Company”
Slide 3: Technoprobe at a glance
Technoprobe at a glance (1) 1996 18 2,750 Year of Offices Employees Foundation Worldwide Worldwide +600 €4,9bn Proprietary Market Cap patents INNOVATION BEGINS WITH US (1) Information as of August 8th 2023 – inclusive of Harbor Electronics Inc. 3
Slide 4: Revenues at 196.3€m
H1 2023 market drivers Solid demand in automotive Consistent growth in AI & Datacenter Revenues at 196.3€m up 14.9% QoQ down 21.6% YoY Weak demand in the consumer market Slower than expected correction in the inventories INNOVATION BEGINS WITH US 4
Slide 5: Financial Highlights
Financial Highlights Revenues were 105.0€m down 18.6% YoY, up 14.9% QoQ Q2 2023 Gross Profit was 55.7€m results down 25.3% YoY, with a margin of 53.1% Ebitda was 37.8€m down 31.7% YoY, with a margin of 36.0% Revenues were 196.3€m down 21.6% YoY H1 2023 Gross Profit was 101.8€m results down 31.7% YoY
Slide 6: H1 2023 Results
H1 2023 Results H1 2022 H1 2023 YoY Variance Comments €m • Revenues affected by volume shrinkage Revenues 250.3 196.3 -21.6% in the consumer market Gross profit 149.1 101.8 -31.7% • Gross profit impacted by: o decrease in revenues % margin 59.6% 51.9% o Improvement of the production structure and wo
Slide 7: Harbor Electronics acquisition
Harbor Electronics acquisition Company in a nutshell - Founded in the 1980’s and headquartered in Santa Clara (California), joined Shenzhen Fastprint Circuit Tech in 2015 - Focused on highly specialized printed circuit boards (PCB) for the semiconductor industry - Reliable leading edge solutions cov
Slide 8: Harbor Electronics acquisition
Harbor Electronics acquisition Integration of PCB design & manufacturing in our manufacturing process ▪ Processes & Costs optimization ▪ Deep knowledge of the product ▪ R&D competitive edge Acquisition of technical skills in the Final Test Board manufacturing: Wafer Wafer Wafer Device Assembly 1 2 3
Slide 9: Q3 2023 Guidance
Q3 2023 Guidance Revenues: 111€m (+/-3%) Gross Margin: 49% (+/-2%) Ebitda Margin: 32% (+/-2%) INNOVATION BEGINS WITH US 9
Slide 10: Q&A
Q&A
Slide 11: Appendix
LAA/ Appendix (vvv) TECHNOPROBE
Slide 12: Consolidated Income Statement
Consolidated Income Statement Rounded figures (In Euro mil.) 30/06/2023 30/06/2022 Revenue 196.3 250.3 Cost of revenue (94.4) (101.2) Gross profit 101.8 149.1 Operating expenses Research and development (27.0) (25.6) Selling, general and administrative (29.8) (34.5) Net impairment losses/reversals o
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Rounded figures (In Euro mil.) 30/06/2023 31/12/2022 ASSETS Non-current assets Property, plant and equipment 228.1 209.7 Intangible assets 9.5 10.7 Goodwill 10.2 10.4 Deferred tax assets 17.6 16.6 Non-current financial assets 1.0 1.0 Other non-current assets 0.6 2.0 Total
Slide 14: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Rounded figures (In Euro mil.) 30/06/2023 30/06/2022 Profit before tax 45.8 91.3 Adjustments for: Amortization, depreciation and impairment 19.7 17.8 Gains (losses) on disposals (0.1) (0.0) Net Finance (income) expenses (3.3) 0.1 Other non-cash adjustments 6.6 9.1 Ca
Slide 15: Technoprobe
(vvv) TECHNOPROBE