Cicor Technologies · SIX:CICN
Cicor Technologies — Deutsches Eigenkapitalforum 2021
24 slides from Cicor Technologies's conference presentation, Nov 22, 2021
Slide 1: Deutsches Eigenkapitalforum 2021
Deutsches Eigenkapitalforum 2021 Cicor Technologies Ltd. November 22, 2021 Alexander Hagemann (CEO) Patric Schoch (CFO)
Slide 2: Disclaimer
Disclaimer November 22, 2021 The information in this presentation does not constitute an offer or invitation and may not be construed as a recommendation by us to purchase, hold or sell shares of Cicor Technologies Ltd. This information or any copy thereof may not be sent or taken to or distributed
Slide 3: The Cicor Group
Alexander Hagemann The Cicor Group
Slide 4: The Cicor Group
The Cicor Group Leading technology partner for mission-critical high-quality electronics The Swiss leader in design and manufacturing of advanced electronics Pioneering microelectronics since 1966 – listed at SIX Swiss Exchange in 1998 Serving OEM customers in the Medical, Industrial, Aerospac
Slide 5: Leading technologies for high-end electronics
Leading technologies for high-end electronics A differentiated offering of products and value adding services Advanced Microelectronics and Substrates Electronic Solutions The strongest platform in the industry for Realization of advanced electronic devices high precision electronic substrates and m
Slide 6: Cicor USP in a competitive growth market
Cicor USP in a competitive growth market No. 1 electronics contract manufacturer in Switzerland, no. 2 in target markets in D-A-CH region Unique combination as solution provider and technology leader with flawless execution Focus on Medical, Industrial, Aerospace & Defence with high margin poten
Slide 7: Cicor in H1/2021
Patric Schoch Cicor in H1/2021
Slide 8: Cicor in H1/2021
Cicor in H1/2021 Financials reflect the recovery from 2020 in a still challenging environment Sales up 7% to CHF 116.7 million Material shortages and supply chain disruptions prevented stronger growth EBITDA margin of 9.9% (PY: 8.5%) exceeds pre-crisis levels (H1 2019: 9.0%) Order intake up
Slide 9: Financial achievements H1/2021
Financial achievements H1/2021 All figures in CHF million at actual FX rates Orders received Net sales EBITDA EBIT Net profit +51.1% +25.2% 139.8 +7.0% 11.6 116.7 9.3 109.0 +63.2% 92.6 +209.2% 6.6 5.2 8.5% 9.9% 4.1 3.7% 5.7% 4.4% 1.7 (ROS) 1.5% 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 Sal
Slide 10: Cicor Group Performance 2016 – H1/2021
Cicor Group Performance 2016 – H1/2021 All figures in CHF million at actual FX rates Total Group Group H1/2020 H1/2021 %YoY in TCHF Sales 109 047 116 712 +7.0% EBITDA 9 267 11 602 +25.2% ROS% 8.5% 9.9% +1.4%pt. Sales H2 Sales H1 EBITDA% (before restructuring) 10
Slide 11: The next chapter of Cicor
Alexander Hagemann The next chapter of Cicor 2021 - 2025
Slide 12: A growing market
A growing market The electronics super-cycle is driven by demand for the connection of everything Benefiting from megatrends Source: Lincoln International, June 2020 12
Slide 13: A growing market
A growing market Megatrends support the growth of Cicor 1. Ever growing demand for electronics and digital devices worldwide 2. OEM focusing on their core competency, share of outsourced manufacturing Benefiting increases from megatrends 3. Nearshoring, Reshoring and alternatives to China: Cicor is
Slide 14: Market focus
Market focus Cicor operates in markets with highest customer loyalty and highest margins Entry barriers for competitors in mission-critical applications through engineering partnerships, validation cycles, government regulations Differentiation & Market Leadership 14
Slide 15: Differentiated business model
Differentiated business model Unique combination as solution provider and technology leader with flawless execution Differentiation & Market Leadership 15
Slide 16: Growing market share
Growing market share Strong position amongst European EMS providers in Switzerland, D-A-CH and U.K. Electronic manufacturing requires customer closeness Strong position in CH and D-A-CH and U.K., European No. 14 12 in target markets Differentiation & Area of highest Market leader Market customer
Slide 17: Cicor strategy
Cicor strategy A strong platform for organic growth and industry consolidation A one-stop-shop with unmatched depth of value added for the customers: Consulting – Engineering – Technologies – Execution Platform, Brand Journey from “exchangeable supplier” to “integral value chain partner” & Innov
Slide 18: Growing in the most attractive segment of electronics manufacturing
Growing in the most attractive segment of electronics manufacturing Targeted markets with significant potential for further organic growth combined with acquisitions The full addressed markets represent USD 17.5bn of which Cicor targets non- commodity opportunities (high-tech, high-mix, low to med
Slide 19: Growing in the most attractive segment of electronics manufacturing
Growing in the most attractive segment of electronics manufacturing Cicor operates in the sweet-spot of scale combined with attractive margins EBITDA Margin Tier 3: High Mix / Low Volume A.I.M. Profitable 12% Tier 4: Small local players Growth 10% EMS Tier 2: Low Mix / High Vol. A.I.M. EMS EMS EMS 8
Slide 20: Acquisition of Axis Electronics Ltd
Acquisition of Axis Electronics Ltd First step in implementing the Cicor growth strategy Strengthening core A.I.M. markets, making Cicor a European top 5 player in A&D electronics Profitable Adding more global leaders in the A&D sector to Cicor’s Growth customer portfolio, providing significant
Slide 21: Outlook 2021
Alexander Hagemann Outlook 2021
Slide 22: Outlook
Outlook Expectations for 2021 Due to the significant increase in customer demand Cicor expects sales growth to continue compared to the previous year The global shortage of materials is expected to continue during the second half of the year and will not subside before 2022 Cicor provides the
Slide 23: Investor Relations
Investor Relations Contacts Alexander Hagemann Patric Schoch Michael Götti CEO CFO VP Corporate Marketing & Communications Cicor Management AG Gebenloostrasse 15 9552 Bronschhofen Switzerland investor@cicor.com +41 71 913 73 00 23
Slide 24: Thank you for your attention
Thank you for your attention www.cicor.com/investors info@cicor.com
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