Slide 1: Q4 and January–December 2022
Q4 and January–December 2022 Year ended with record high sales and profit PETTERI JOKITALO, CEO 21 FEBRUARY 2023
Slide 2: Highlights for Q4 2022
Highlights for Q4 2022 • Record sales driven by strong customer demand and Q4 2022 improving components availability 222.3 M€ / 15.9% • Spot market purchases continued to decrease Turnover / YoY, % • Operating profit improved by 40% (YoY) due to increased sales volumes and improved efficiency 13.4 M
Slide 3: Customer Segments
Customer Segments Q4 2022 Change, Q4 2022, Change, y/y, M€ y/y, % Growth drivers spot*, M€ ex. spot*, % Advanced Consumer Applications 53.6 6.2 4.1 8.2 Automation & Safety 51.4 25.1 Process automation 3.6 23.3 Connectivity 10.8 4.5 0.4 1.3 Energy & Cleantech 61.3 14.8 Energy-saving and recycling sol
Slide 4: Highlights 2022
Highlights 2022 • Record sales and operating profit supported by strong customer demand and improved efficiency during the year 2022 • Component availability impacted negatively but the situation 843.8 M€ / 21.3% started to improve during the second half of the year Turnover / YoY, % • Cash flow fro
Slide 5: Record-high customer demand and sales in 2022
Record-high customer demand and sales in 2022 ADVANCE CONSUMER AUTOMATION & SAFETY CONNECTIVITY ENERGY & CLEANTECH MEDTECH & LIFE APPLICATIONS SCIENCE *11.4% y/y 22.7% y/y 13.2% y/y 17.8% y/y 18.0% y/y * Growth in 2022 compared to 2021, ex. spot purchases. CONFIDENTIAL 21-Feb-23 5
Slide 6: Major production investments in 2022
Major production investments in 2022 Factory Area, m² Other Atlanta, New space for electronics 6,000 The USA manufacturing and assembly Wutha, New space and infrastructure mainly to 1,800 Germany medical customers Malmö, New space for assembly and 1,500 Sweden warehouse automation Suzhou, Space chan
Slide 7: Key Figures
Key Figures 1-12 2022 1-12 2021 Change Turnover, EUR million 843.8 695.7 21.3% Operating Profit, EUR million 45.4 39.6 14.6% Operating Profit, % 5.4 5.7 Earnings per Share, EUR 0.54 0.46 17.5% Return on Equity, % 16.1 15.2 Equity Ratio, % 45.3 45.3 Net Gearing, % 37.8 28.9 Net Cash Flow from Operati
Slide 8: Turnover Q4 2019 – Q4 2022
Turnover Q4 2019 – Q4 2022 MEUR 250 222,3 212,9 211,9 191,7 196,6 200 172,9 167,8 163,3 154,7 155,6 154,1 150 144,1 141,6 100 50 0 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 8
Slide 9: Turnover Q4 2019 – Q4 2022
Turnover Q4 2019 – Q4 2022 154.1* Spot purchases and special freights 29,5 MEUR 17,0 19,6 11,7 14,4 14,6 0,7 5,8 250 222,3 212,9 211,9 191,7 196,6 200 207.7 172,9 167,8 192.3 163,3 179.6 183.4 154,7 155,6 154,1 177.3 150 144,1 141,6 167.1 162.6 155.1 100 50 0 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 2
Slide 10: Operating Profit Q4 2019 – Q4 2022
Operating Profit Q4 2019 – Q4 2022 MEUR % 15 13,4 11,5 10 10,4 10,6 10,2 10,2 10,3 10,1 10,0 9,9 10,0 9,5 8,6 7,0% 6,8% 6,5% 6,5% 6,0% 6,1% 6,1% 6,0% 5,7% 5,3% 5,3% 5,4% 5 4,8% 0 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Adjusted operating profit, MEUR Operating p
Slide 11: Great track-record for the past 10 years
Great track-record for the past 10 years Turnover, MEUR Operating profit, MEUR EPS, EUR CAGR 16.7% CAGR 18.8% CAGR 18.4% 1000 50 0,75 45,4 843,8 40 750 0,54 0,5 30 500 20 0,25 250 180,9 10 8,1 0,1 0 0 0 2012 2022 2012 2022 2012 2022 © Scanfil Oyj 21 February 2023 11
Slide 12: Growing Dividend and Pay-Out Ratio
Growing Dividend and Pay-Out Ratio • Dividend increased for the 10th consecutive year • Dividend policy aims to distribute approximately 1/3 of the earnings per share as dividend CAGR 18% 0,25 0,21 0,20 0,19 0,17 0,15 0,15 0,13 0,11 0,10 0,09 0,08 0,07 0,05 0,05 0,04 0,00 2012 2013 2014 2015 2016 20
Slide 13: Long-term targets
Long-term targets • Annual organic growth of 5-7% • Operating profit level at 7% • Dividend approximately 1/3 of the annual earnings per share • Long term growth drivers • Central Europe • In the long run, North America and Asian markets 13
Slide 14: We serve very strong customer portfolio and attractive end markets
We serve very strong customer portfolio and attractive end markets ADVANCE CONSUMER AUTOMATION & SAFETY CONNECTIVITY ENERGY & CLEANTECH MEDTECH & LIFE APPLICATIONS SCIENCE Green energy transition supports our long-term organic growth in Energy & Cleantech, Connectivity, Automation & Safety and Medte
Slide 15: Outlook and focus in 2023
Outlook and focus in 2023 Scanfil estimates that its turnover for 2023 will be EUR 820–890 million and adjusted operating profit will be EUR 49–55 million. Focus areas: • Securing and driving organic growth • Securing components and capacity • Profitability improvement • Net working capital and inve
Slide 16: Major production investments in 2023
Major production investments in 2023 Factory Other Electronics manufacturing line, in production Atlanta, USA Q3 2023 Electronics manufacturing line, in production Sieradz, Poland Q3 2023 Preplanning for a new building of 8,000 m², Sieradz, Poland decision later in 2023 Sieradz factory in Poland 21-
Slide 17: Q&A
SCANFIL Q&A
Slide 18: Key takeaways
Key takeaways • Record high customer demand and sales in 2022 • Profit improved as expected • Spot market purchases are declining and expected to decline further in 2023 • Net cash flow from operations driven by improved profitability and halted inventory growth • Investments in 2022 and 2023 to sup
Slide 19: Contact information and analysts
Inderes Oy Antti Viljakainen +358 44 591 2216 antti.viljakainen(at)inderes.fi Evli Pankki Oyj Joonas Ilvonen Contact information +358 44 430 9071 joonas.ilvonen(at)evli.com and analysts Nordea Oyj Pasi Väisänen +358 9 5300 5192 PETTERI JOKITALO, CEO pasi.vaisanen(at)nordea.com +358 44 7882400 petter
Slide 20: Disclaimer
Disclaimer Not to be published or distributed, directly or indirectly, in any country where its distribution or publication is unlawful. Forward looking statements: certain statements in this presentation may constitute "forward-looking" statements which involve known and unknown risks, uncertaintie
Slide 21: Global contract manufacturer and systems supplier
Global contract manufacturer and systems supplier