Slide 1: Heart of your technology
Heart of your technology January-December 2024 presentation February 26, 2024 Manu Skyttä, President and CEO
Slide 2: Contents
Contents • Overview of 2024 • Q4/2024 in brief • Full year in brief • Q4 and full year 2024 financial result: – Order book – Net sales – Operating result – Dividend proposal • Overview of customer segments • Outlook • Summary
Slide 3: Overview of 2024
Overview of 2024 • The year 2024 was challenging for the company, but the operating environment improved clearly in H2/24. • The order book almost doubled year-on-year to EUR 20 million. • After weak demand at the beginning of the year, weak signals of demand growth at the end of Q2. • In Q3, orders
Slide 4: Q4/2024: order book turned to strong growth, net sales increased significantly
Q4/2024: the order book turned to strong growth, net sales increased significantly, and the operating result rose into the black • Fourth-quarter net sales EUR 7.9 (5.9) million, increase of 35% • Operating result EUR 0.1 (-1.8) million, 1.0% (-30.1%) of net sales • Earnings per share EUR 0.12 (-0.2
Slide 5: Full year 2024 in brief
Although 2024 was still a challenging year on the whole, the operating environment improved clearly in H2/24 as demand for the company’s products turned to strong growth. • Net sales amounted to EUR 27.6 (32.3) million, decrease of 15% • Operating result EUR -4.0 (-1.7) million, -14.4% (- 5.4%) of n
Slide 6: Order book amounted to EUR 19.9 million
Order book amounted to EUR 10.5 million Order book (M€), delivery schedule 25 EUR 19.9 million 20 15 10 5 0 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2024 • Aspocomp’s order book almost doubled to EUR 20 million. • The situation developed positively, especially in the Semiconductor Industry as well as in
Slide 7: Q4/24 and full year 2024 net sales
Q4/24 net sales amounted to EUR 7.9 million, increase of 35% Full year 2024 net sales amounted to EUR 27.6 million, decrease of 15% Annual net sales (M€) Quarterly net sales (M€) 45 10 40 35 8 30 25 6 20 4 15 10 2 5 0 0 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 2020 2021 2022 2023 2024
Slide 8: Q4 and full year 2024 operating results
Q4 and full year 2024 operating results Operating result, M€ and % Annual operating result, M€ and % 0,3 5% 5 15% 4 0,0 0% 10% 3 Q1/24 Q2/24 Q3/24 Q4/24 5% -0,3 -5% 2 1 0% -0,6 -10% 0 -1 2019 2020 2021 2022 2023 2024 -5% -0,9 -15% -2 -10% -1,2 -20% -3 -15% -4 -1,5 -25% -5 -20% -1,8 -30% M€ % M€ %
Slide 9: Dividend proposal for AGM 2025
Dividend proposal for AGM 2025 Dividend and earnings/share • Dividend policy target is to distribute at least 1/3 of the profit for the period as dividends 0,60 0,40 • The Board of Directors will propose to the Annual General Meeting on April 29, 2025, that 0,20 no dividend be paid for financial yea
Slide 10: Customer segment comments and net sales Q4/2024
Customer segment comments and net sales Q4/2024 Automotive Industrial Security, Semiconductor Telecommuni- Electronics Defense & Industry cation Aerospace 14% 5% 19% 57% 5%
Slide 11: Automotive: Net sales amounted to EUR 1.1 million
14% Automotive: Net sales amounted to EUR 1.1 million • Q4 net sales amounted to EUR 1.1 million. Decrease of 39% compared to Q4/2023. • The decrease in net sales in the customer segment was due to weak demand from the end customers. Net sales, M€ 2,5 2,0 1,5 1,0 0,5 0,0 Q4/23 Q1/24 Q2/24 Q3/24 Q4/2
Slide 12: Industrial Electronics: decrease in net sales
Industrial Electronics: The decrease in net sales in the customer segment was due to 5% weak demand from the end customers. • Q4 net sales amounted to EUR 0.4 million. Decrease of 47% compared to Q4/2023. • The decrease in net sales in the customer segment was due to weak demand from the end custome
Slide 13: Security, Defence & Aerospace: Net sales increased by 13%
Security, Defence & Aerospace: Net sales increased by 13% to EUR 1.5 million 19% • Demand growth is expected to remain strong. • Net sales increased by 13% to EUR 1.5 million. Net sales, M€ 1,8 1,6 1,4 1,2 1,0 0,8 0,6 0,4 0,2 0,0 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24
Slide 14: Semiconductor Industry: demand remained at a high level in Q4
Semiconductor Industry: demand 57% remainded at a high level in Q4 • Q4 net sales amounted to EUR 4.5 million, year-on-year increase of 181%. • Demand remainded at a high level in the fourth quarter. • Demand is expected to develop favorably due to significant investments in AI applications and data
Slide 15: Telecommunication: net sales increased by 13%
5% Telecommunication: net sales increased by 13% and amounted to EUR 0.4 million • Q4 net sales amounted to EUR 0.4 million, increase of 13% compared to Q4/23 Net sales, M€ 0,8 0,7 0,6 0,5 0,4 0,3 0,2 0,1 0,0 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24
Slide 16: Outlook for 2025
Outlook for 2025 • In 2025, the demand for Aspocomp’s products is expected to remain solid. In particular, demand in the semiconductor market is expected to develop favorably due to significant investments in AI applications and data centers. Good growth in demand is also expected to continue in the
Slide 17: Q4: Summary
Q4: Summary • Fourth-quarter net sales EUR 7.9 (5.9) million, increase of 35% • Operating result EUR 0.1 (-1.8) million, 1.0% (-30.1%) of net sales • Earnings per share EUR 0.12 (-0.22) • Operative cash flow EUR -0.3 (3.5) million • Equity ratio 54.0% (71.7%) • Orders received EUR 8.7 (2.3) million,
Slide 18: Additional material
Additional material ASPOCOMP Heart of your technology
Slide 19: 10 major shareholders, December 31, 2024
10 major shareholders, December 31, 2024 Shareholder Shares Ownership, % 1 Joensuun Kauppa ja Kone Oy 1,198,467 17.52 2 Etola Group Oy 1,001,004 14.63 3 Montonen Mikko 390,000 5.70 4 Mandatum Life Insurance Company Limited 352,103 5.15 5 Etola Erkki 300,000 4.39 6 Nordea Henkivakuutus Suomi Oy 275,0
Slide 20: Board of Directors
Board of Directors Jukka Huuskonen Anssi Korhonen Ville Vuori Päivi Marttila Kaarina Muurinen Member Chairman Vice Chaiman Member Member
Slide 21: Management Team
Management Team Manu Skyttä Antti Ojala Pekka Holopainen Jouni Kinnunen Hanna-Leena Keskitalo Mitri Mattila President and CEO CCO and COO CFO HR director CTO Deputy CEO