Incap Oyj · OMXHEX:ICP1V
Incap Oyj — Investor Day (2022)
24 slides from Incap Oyj's investor day presentation, 2022
Slide 1: Global Component Availability Update
GLOBAL COMPONENT AVAILABILITY UPDATE Hanno Septer | Group Sourcing Lead
Slide 2: Hanno Septer - Group Sourcing Lead
HANNO SEPTER - GROUP SOURCING LEAD ● From 1993 Arrow Electronics Several roles ● From August 2022 Incap Corporation Group Sourcing Lead INCAPCORP.COM
Slide 3: Semiconductor Industry Characteristics
SEMICONDUCTOR INDUSTRY CHARACTERISTICS
Slide 4: Growing Industry, but Cyclical Business
GROWING INDUSTRY, BUT CYCLICAL BUSINESS Yoy growth in monthly billings 2011 - 2022 Source: Semiconductor Industry Association (SIA) -3 month rolling average billings INCAPCORP.COM
Slide 5: Highly Concentrated Market
HIGHLY CONCENTRATED MARKET TOP 10 manufacturers 55% of total market volume 2021 WW Semiconductor Revenue by Supplier TOP10 suppliers drive 55% of Total Worldwide semiconductor revenue were $595bn in 2021, an increase of 26.3% from 2020 2021 Market Share 2021 Rank 2020 Rank Vendor 2021 Revenue 2020 R
Slide 6: Highly Concentrated Market
HIGHLY CONCENTRATED MARKET TOP 10 Customers consume 42% of total supply INCAPCORP.COM
Slide 7: Highly Concentrated Market
HIGHLY CONCENTRATED MARKET Manufacturer consolidation Movidius, Habana Labs Nervana, Mobileye eASIC, NetSpeed SigOpt Intel Yogitech Xilinx AMD CA Technologies Broadco m Linear Mellanox ARM NVIDIA Technology, Maxim, SNAP Sensor Test Motors Invecas* Analog Devices BeSpoon, ams AG* Norstel Riot Micro*,
Slide 8: Highly Concentrated Market
HIGHLY CONCENTRATED MARKET APAC’s regional share > 60% of global billings Source: Semiconductor Industry Association (SIA) -3 month rolling average billings INCAPCORP.COM
Slide 9: Different Production Steps Dominated by Certain Geographical Areas
DIFFERENT PRODUCTION STEPS DOMINATED BY CERTAIN GEOGRAPHICAL AREAS INCAPCORP.COM
Slide 10: Billing Is Concentrated to 3 Market Segments
BILLING IS CONCENTRATED TO 3 MARKET SEGMENTS 2020 • 3C (85%) • Auto (7.5%) • Others (7.5%) 1998 • 3C (87%) • Auto (4.7%) • Others (8.2%) INCAPCORP.COM
Slide 11: Very Demanding Industry Regarding R&D and Capex
VERY DEMANDING INDUSTRY REGARDING R&D AND CAPEX INCAPCORP.COM
Slide 12: Early Warning of Capacity Issues Are Semi Industry Capex Numbers
EARLY WARNING OF CAPACITY ISSUES ARE SEMI INDUSTRY CAPEX NUMBERS INCAPCORP.COM
Slide 13: Investments into New 300mm Wafers Semiconductor Fabs
INVESTMENTS INTO NEW 300MM WAFERS SEMICONDUCTOR FABS 203 193 186 176 163 153 139 131 122 115 105 99 95 84 85 80 75 70 70 INCAPCORP.COM Source: Knometa Research
Slide 14: Semiconductor Industry Has Very Long Physical Manufacturing Cycles
SEMICONDUCTOR INDUSTRY HAS VERY LONG PHYSICAL MANUFACTURING CYCLES Global Supply Chain of Smartphone Processor Source DIGI International INCAPCORP.COM
Slide 15: Market Outlook
MARKET OUTLOOK
Slide 16: Market Outlook
MARKET OUTLOOK INCAPCORP.COM
Slide 17: Worldwide Growth Rates
WORLDWIDE GROWTH RATES Negative Q/Q growth (-8.6%), positive Y/Y (0.4%) worldwide growth rates China negative Q/Q -12%, negative Y/Y -9,5% Source: Semiconductor Industry Association (SIA) -3 month rolling average billings INCAPCORP.COM
Slide 18: Market Outlook
MARKET OUTLOOK Source: Semiconductor Intelligence, Semiconductor Services INCAPCORP.COM
Slide 19: Market Outlook
MARKET OUTLOOK • ADVANCED production technology <16nm components - IT & computing, tablet, cellphone – late 2022 • MAINSTREAM production technology >28nm automotive and industrial components – potentially early-mid 2023 • MATURE production technology > 65 nm components aimed mainly to the industrial
Slide 20: Market Outlook
MARKET OUTLOOK INCAPCORP.COM
Slide 21: Market Outlook
MARKET OUTLOOK r i u m u l i b h i p Q C INCAPCORP.COM
Slide 22: Implications to Incap
IMPLICATIONS TO INCAP
Slide 23: Market Outlook
MARKET OUTLOOK Components availability in general is expected to be easier during Q1 – Q3 2023. Early signs of the change visible already today. However, delivery issues will not be fully behind us yet. For some components, functionalities and production technologies, delivery challenges may remain
Slide 24: Thank You!
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