Pva Tepla Ag · XETR:TPE
Pva Tepla — H1 2024 Earnings Presentation
16 slides from Pva Tepla's earnings presentation, Jul 1, 2024
Slide 1: Company Presentation H1 2024
COMPANY PRESENTATION H1 2024
Slide 2: Highlights H1 2024
HIGHLIGHTS H1 2024 PROGRESS ON THE DEVELOPMENT OF OUR ORGANIZATION We continued to win new long-term metrology-customers in the semiconductor and automotive industry Technology hub successfully launched with initial focus on SiC Establishment of a strong technology driven second level management Car
Slide 3: Key Figures for H1 2024
KEY FIGURES FOR H1 2024 STRONG H1 2024 WITH SIGNIFICANTLY IMPROVED PROFITABILITY Sales in line with expectations at 6.8% growth Profitability improved: H1 EBITDA margin at 16.2%, up Sales EBITDA from 13.8% last year EUR 135.3 m EUR 21.9 m Order intake down 30.9%, mainly due to wafer ↗ 25.8% weakness
Slide 4: Group Sales
GROUP SALES IN LINE WITH EXPECTATIONS Year to Year Segment Split Semiconductor grew by 5.6%, [EURm] [EURm] Industrial segment by 9.7% y/y +6.8% 135.3 Both segments benefit from 126.7 megatrends, e.g. digitization, e- mobility, renewable energies Becoming less dependent on 30% 2023: 29% specific sect
Slide 5: Group Profit
GROUP PROFIT PROFITABILITY CLEARLY OUTPACES SALES GROWTH Gross Profit EBITDA EBIT [EURm] [EURm] [EURm] +17.4% +25.8% +30.0% 42.4 21.9 36.1 17.4 18.2 14.0 (margin) 28.5% 31.3% (margin) 13.8% 16.2% (margin) 11.0% 13.5% H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 5
Slide 6: Quarterly Development
QUARTERLY DEVELOPMENT MARGIN IMPROVEMENT VS. PREVIOUS YEAR AS WELL AS PREVIOUS QUARTER Sales EBITDA EBIT [EURm] [EURm] [EURm] +8.3% +29.4% +31.4% 73.9 68.2 13.2 11.2 10.2 8.5 (margin) 15.0% 17.9% (margin) 12.5% 15.1% Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2024 6
Slide 7: Semiconductor
SEMICONDUCTOR SUBSTANTIAL EBIT-MARGIN IMPROVEMENT Sales and EBIT margin Order intake Solid sales growth [EURm] [EURm] Very good profitability +5.6% -32.7% improvement in excess of group average 94.7 89.7 Order intake affected by weakness 75.0 in the semiconductor industry Order Backlog at 129.2 m, 5
Slide 8: Industrial
INDUSTRIAL LOWER ORDER INTAKE AT CLOSING DATE, BUT ORDER BACKLOG AT A SOLID LEVEL Sales and EBIT margin Order intake Sound and over-proportional sales [EURm] [EURm] growth compared to group level -26.4% EBIT up to 4.2 m with EBIT margin +9.7% above 10% 40.6 Order intake at 22 m due to longer 37.0 cu
Slide 9: Order Intake
ORDER INTAKE STRONG DEMAND IN METROLOGY, MATERIAL SOLUTIONS TO PICK UP IN H2 Year to Year Product Line Semiconductor industry is still in [EURm] [EURm / %] recovery mode, acceleration now expected in H2 Material Solutions Semiconductor contributes 70% of new orders, Industrial 30% -31% 104.9 Well di
Slide 10: Acoustic Metrology
MAJOR GROWTH DRIVER ACOUSTIC METROLOGY
Slide 11: Deeply Embedded at Key Stages of the Semiconductor Value Chain
DEEPLY EMBEDDED AT KEY STAGES OF THE SEMICONDUCTOR VALUE CHAIN PROVIDING LEADING SYSTEMS AND SOLUTIONS IN SYNTHESIS, JOINING, REFINING, SURFACE TREATMENT AND METROLOGY RIE DRIE Underflill CMP SiC Wafer Die Powder Epitaxie Lithography Electroplating Packaging Dicing Bonding Crystal Metrology Plasma M
Slide 12: Excursus: Scanning Acoustic Microscopy (SAM)
EXCURSUS: SCANNING ACOUSTIC MICROSCOPY (SAM) OUTLOOK FOR SELECTED TARGET MARKETS Market volume 2023 Market volume 2029e Scanning acoustic microscopy uses [EUR bn] [EUR bn] high-frequency ultrasound for non destructive microscopic analysis of materials and components 28.4 10.4 Our metrology systems a
Slide 13: Our Superior Technology
OUR SUPERIOR TECHNOLOGY PRECISION, FLEXIBILITY AND INNOVATION High-Resolution Imaging: Detects smallest defects in semiconductor components Versatile Applications: Suitable for semiconductors, composites, and components Advanced NDT: Leaders in non-destructive testing without material damage Customi
Slide 14: Full-Year Guidance
FULL-YEAR GUIDANCE CONFIRMED Recovery of Semiconductor Industry expected in late 2024 FY2024 sales target between EUR 270m and EUR 290m with earnings before interest, tax, depreciation and amortization (EBITDA) ranging from EUR 47m to EUR 51m 14
Slide 15: Time for Your Questions
TIME FOR YOUR ~)\ QUESTIONS PVA€ TePla
Slide 16: Forward-looking statements disclaimer
This presentation contains forward-looking statements which are based on certain assumptions, expectations and opinions of the management of PVA TePla (the "Company") or cited from third-party sources. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A va