Aspocomp Group Oyj · OMXHEX:ACG1V
Aspocomp Group Oyj — Q1 2023 Earnings Presentation
18 slides from Aspocomp Group Oyj's earnings presentation, Apr 20, 2023
Slide 1: Heart of your technology – Q1 2023 presentation
Heart of your technology Q1 2023 presentation April 20, 2023 Mikko Montonen, President and CEO
Slide 2: Contents
Contents • Q1/2023 in brief • Q1 financial result: – Order book – Net sales – Operating result • Overview of customer segments • Outlook • Summary
Slide 3: Q1: Net sales at the level of the comparison period, order book strengthened
Q1: Net sales at the level of the comparison period, the order book strengthened significantly from the turn of the year • First-quarter net sales EUR 8.9 (9.0) million, decrease of 1% • Operating result EUR 0.3 (0.8) million, 3.8% (8.9% ) of net sales • Earnings per share EUR 0.04 (0.11) • Operativ
Slide 4: Order book remained strong at EUR 19.1 million
Order book remained strong at EUR 19.1 million Order book (M€), delivery schedule 25 19.1 M€ 20 15 Deliveries next year Deliveries this year 10 5 0 March 31, 2021 March 31, 2022 March 31, 2023 • The delivery times of raw materials needed in the production of PCBs have returned to normal. • Received
Slide 5: Net sales at last year's level: EUR 8.9 million
Net sales at last year’s level: EUR 8.9 million Quarterly net sales (M€) Annual net sales (M€) 12 45 +18% -1% 40 35 30 25 10 20 15 10 5 8 0 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 2018 2019 2020 2021 2022
Slide 6: Operating results
Operating results Operating result, M€ and % Annual operating result, M€ and % 1,8 18% 5 14% 16% 12% 1,5 4 14% 10% 1,2 12% 3 10% 8% 0,9 8% 2 6% 0,6 6% 4% 4% 1 0,3 2% 2% 0 0,0 0% 0% 2018 2019 2020 2021 2022 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 -1 -2% M€ % M€ % • The changes in the product mix during the qua
Slide 7: Customer segment comments and net sales Q1/2023
Customer segment comments and net sales Q1/2023 Automotive Industrial Security, Semiconductor Telecommuni- Electronics Defense & Industry cation Aerospace 22 % 9% 16 % 41% 12 %
Slide 8: Automotive: availability of components improved
Automotive: availability of 22 % components improved • The component shortage that limited the automotive industry’s net sales has partially eased. • Automotive segment’s net sales increased to EUR 2.0 million. Net sales, M€ 2,5 2,0 1,5 1,0 0,5 0,0 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23
Slide 9: Industrial Electronics: Investments slowed down
Industrial Electronics: Investments slowed down 9% • Challenges of the operating environment, such as the development of inflation and the fear of a deepening recession, hindered investment decisions. • Q1 net sales amounted to EUR 0.8 million, decrease of 52%. Net sales, M€ 1,8 1,6 1,4 1,2 1,0 0,8
Slide 10: Security, Defence & Aerospace: Increased activity and new customers
Security, Defence & Aerospace: Increased activity and new customers 16 % • The changing geopolitical environment increases the demand for local manufacturing in Europe. • The number of requests for quotations and product evaluations was increasing. • In Q1, net sales amounted to EUR 1.4 million. 7%
Slide 11: Semiconductor Industry: net sales increased by 31%
Semiconductor Industry: net 41 % sales increased by 31% compared to the comparison period • Q1 net sales amounted to EUR 3.7 million. • The order book strengthened significantly in Q1 • Growth expected to resume during second half of 2023. Net sales, M€ 5,0 4,5 4,0 3,5 3,0 2,5 2,0 1,5 1,0 0,5 0,0 Q1
Slide 12: Telecommunication: demand moderate
Telecommunication: demand moderate 12 % • Development needs remained at a low level. • Q1 net sales remained at EUR 1.1 million. Net sales, M€ 1,6 1,4 1,2 1,0 0,8 0,6 0,4 0,2 0,0 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23
Slide 13: Outlook for 2023
Outlook for 2023 Aspocomp reiterates the guidance that was published on March 16, 2023 • Inflation and interest rates, the risk of recession and the uncertainties reflected in the Russia’s war of aggression will affect the operating environment of the company and its customers in the financial year
Slide 14: Q1: Summary
Q1: Summary • First-quarter net sales EUR 8.9 (9.0) million, decrease of 1% • Operating result EUR 0.3 (0.8) million, 3.8% (8.9% ) of net sales • Earnings per share EUR 0.04 (0.11) • Operative cash flow EUR 1.6 (0.7) million • Equity ratio 72.9% (66.9%) • Order book at the end of the review EUR 19.1
Slide 15: Additional material
Additional material ASPOCOMP Heart of your technology
Slide 16: 10 major shareholders, March 31, 2023
10 major shareholders, March 31, 2023 Shareholder Shares Ownership, % 1 JOENSUUN KAUPPA JA KONE OY 1,173,012 17.15 2 ETOLA GROUP OY 1,001,004 14.63 3 MONTONEN MIKKO JUHANI 390,000 5.70 4 MANDATUM HENKIVAKUUTUSOSAKEYHTIÖ 352,103 5.15 5 ETOLA ERKKI OLAVI 300,000 4.39 6 NORDEA HENKIVAKUUTUS SUOMI OY 27
Slide 17: Board of Directors
Board of Directors Päivi Marttila Kaarina Muurinen Jukka Huuskonen Anssi Korhonen Chairman Vice Chairman Member Member
Slide 18: Management Team
Management Team Mikko Montonen Antti Ojala Ari Beilinson Jouni Kinnunen Mitri Mattila President and CEO COO and Deputy CEO Vice President, Sales CFO CTO and Marketing