Riber Sa · EURONEXT:ALRIB
Riber Sa — Investor Presentation (December 2018)
26 slides from Riber Sa's investor presentation, December 2018
Slide 1: General presentation December 2018
General presentation December 2018
Slide 2: Contents
Contents 1. PROFILE 2. VALUE PROPOSITIONS 3. STRATEGY AND OUTLOOK 4. FINANCIAL AND STOCK MARKET DATA 5. WHY INVEST IN RIBER? RIBER – General presentation – December 2018 2
Slide 3: RIBER, a global market leader for semiconductor industry equipment
RIBER, a global market leader for semiconductor industry equipment Specialist in MBE machines and evaporators for manufacturing semiconductors 40 years of experience Recognized technological leader More than 730 machines Numerous global innovations installed in operation Partnerships with universiti
Slide 4: Essential high-tech equipment… What is MBE?
Essential high-tech equipment… What is MBE? epitaxy Ultrahigh vacuum process to grow a material or crystal in successive films of atoms + molecular beam Production of a beam of molecules from a source material to create ultra-thin films, up to 1 atom = A technology that offers the best quality for s
Slide 5: …for the development of tomorrow's applications
…for the development of tomorrow's applications Main industrial areas for application Terrestrial telecommunications Terrestrial (FTTH, LAN) and (5G, 4G, wifi) submarine (long-haul) fiber optic Satellites (transmitting-receiving networks antennae) Laser cutting Smartphones, tablets, etc. Infrared, U
Slide 6: Global base of leading clients
Global base of leading clients MBE Universities or research centers Around 620 Research covering semiconductors and/or MBE electronics machines in operation 320 clients in 38 countries MBE Around 110 Electronic component MBE manufacturers Production machines in 42 clients operation in 10 countries E
Slide 7: Balanced global presence
Balanced global presence Breakdown of Riber’s installed Breakdown of 2017 revenues MBE machines by region 18% 34% 32% 35% €30.6m 49% 33% Production site Asia Sales subsidiaries and services Europe Agents North America RIBER – General presentation – December 2018 7
Slide 8: Contents
Contents 1. PROFILE 2. VALUE PROPOSITIONS 3. STRATEGY AND OUTLOOK 4. FINANCIAL AND STOCK MARKET DATA 5. WHY INVEST IN RIBER? RIBER – General presentation – December 2018 8
Slide 9: MBE for research laboratories
MBE for research laboratories Client needs Growth of semiconductor alloy crystals with MBE: AsGa, InP, GaN, InSb, ZnSe, CMT, oxides, metals Acquisition of an MBE machine: technical specifications and process (types of alloys) Riber’s solutions Market's widest range of solutions for processes (types
Slide 10: MBE for industrial firms
MBE for industrial firms Client needs Manufacturing of semiconductor alloy epitaxy wafers with MBE: AsGa, InP, ZnSe, CMT, etc. Acquisition of MBE machines for mass production of components based on specifications: wafer, production output, yield, cost of ownership, services and maintenance Riber’s s
Slide 11: Evaporators for industrial firms
Evaporators for industrial firms Client needs Manufacturing of machines for depositing thin films of chemical elements Acquisition of industrial evaporators for large areas (x sq.m) adapted for their machine, deposit specifications, production output, yield, cost of ownership, services and maintenan
Slide 12: Services and accessories
Services and accessories Client needs Technical and scientific support Improvement of performance levels (components) and ergonomics (automation and software) Fitting of new components or replacement of obsolete components Preventative or remedial maintenance operations Riber’s distribution Europe,
Slide 13: Contents
Contents 1. PROFILE 2. VALUE PROPOSITIONS 3. STRATEGY AND OUTLOOK 4. FINANCIAL AND STOCK MARKET DATA 5. WHY INVEST IN RIBER? RIBER – General presentation – December 2018 13
Slide 14: Clear strategic areas for development
Clear strategic areas for development RESEARCH SERVICES AND INDUSTRIAL FIRMS LABORATORIES ACCESSORIES Increase the market share Production MBE: prepare the Double revenues from the target > 50% new markets through R&D installed base Further strengthen partnerships and Provide a significant recurring
Slide 15: 2018 outlook
2018 outlook 9-month revenues Confirmation of growth (€m) 21.6 Full-year revenues of €35m 15.2 10.6 9.1 Maintaining a high level of profitability 5.6 At least 15% year-on-year growth for 4.1 5.4 2 income from ordinary operations 2017 2018* * After the application of IFRS 15. Negative impact of €0.1m
Slide 16: Pipeline of new markets for long-term growth
Pipeline of new markets for long-term growth Examples of new industrial markets Applications H2 2018 2019 2020 2021 2022 LIDAR Laser remote sensing: autonomous vehicles Technology integration and new forms of mobility... Prototyping Selection Qualification VCSEL Photo detectors for Growth and comple
Slide 17: Contents
Contents 1. PROFILE 2. VALUE PROPOSITIONS 3. STRATEGY AND OUTLOOK 4. FINANCIAL AND STOCK MARKET DATA 5. WHY INVEST IN RIBER? RIBER – General presentation – December 2018 17
Slide 18: Change in revenues since 2013
18 Change in revenues since 2013 (€m) 30.6 23.5 16.6 16.5 12.8 2013 2014 2015 2016 2017 Systems Services and accessories Evaporators RIBER – General presentation – December 2018 18
Slide 19: Revenues at June 30, 2018
Revenues at June 30, 2018 (€m) Strong growth supported by major 16.7 +34% deliveries of evaporators for the screen industry during H1 2018 12.5 10.4 Delivery of 4 MBE systems, including 1 production system, compared with 1 research system in H1 2017 8.8 2.6 Stable sales for services and accessories
Slide 20: Income statement at June 30, 2018
Income statement at June 30, 2018 H1 2018 H1 2017 2017 (€m - IFRS) (6 months) (6 months) (12 months) Revenues 16.7 12.5 +34% 30.6 Gross margin 8.2 5.8 13.6 % of revenues 48.8% 46.2% +42% 44.5% Sales (2.1) (2.1) (4.3) Research and development (1.7) (1.1) (2.5) Of which, gross expenditure (1.6) (1.0
Slide 21: Balance sheet at June 30, 2018
Balance sheet at June 30, 2018 (€m) Assets Liabilities Fixed assets 5.8 Deferred tax assets 1.2 Financial & non-current assets 1.9 20.8 Shareholders' equity Inventories 7.4 Work-in-progress 7.1 0.7 Non-current provisions 3 Trade payables Trade receivables 7.9 9.2 Client advances Other assets 1.9 Cas
Slide 22: Cash position at June 30, 2018
Cash position at June 30, 2018 Change in working capital requirements: - 4.3 (€m) +3.8 -4 7.4 -0.1 0 -0.4 -0.2 -0.1 -1.1 5.2 Opening cash Cash flow from Inventories Trade Advances and Trade payables Taxes paid Net investments Financing Closing cash position operations receivables other receivables p
Slide 23: RIBER on the stock market
RIBER on the stock market Listing market: Shareholders Euronext Paris since 2000 Source: custodian filings at Dec 31, 2017 Indexes: CAC Small, CAC Technology, CAC T. HARD. & EQ. ISA Finances, Socodol, Mr and Mrs Raboutet 20.49% ISIN: FR0000075954 Ticker: RIB Bpifrance approval: Float FCPI French inn
Slide 24: Contents
Contents 1. PROFILE 2. VALUE PROPOSITIONS 3. STRATEGY AND OUTLOOK 4. FINANCIAL AND STOCK MARKET DATA 5. WHY INVEST IN RIBER? RIBER – General presentation – December 2018 24
Slide 25: Why invest in RIBER?
Why invest in RIBER? Recognized leadership High level of technological requirements: barrier to entry Solid foundations for growth The information technology end-markets Positive growth momentum Strong opportunities in the short and medium term Increased value creation potential with new industrial
Slide 26: Questions and answers
Questions and answers