Slide 1: Heart of your technology: Half-year 2024 presentation
Heart of your technology Half-year 2024 presentation July 18, 2024 Manu Skyttä, President and CEO
Slide 2: Contents
Contents • Q2/2024 in brief • Q2 and H1/2024 financial result: – Order book – Net sales – Operating result • Overview of customer segments • Outlook • Summary
Slide 3: Q2/2024: Net sales and operating result decreased; orders received turned to growth
Q2/2024: Net sales and operating result decreased in the second quarter; orders received turned to growth • Second-quarter net sales EUR 7.0 (9.5) million, decrease of 26% • Operating result EUR -1.2 (0.4) million, -17.5% (4.2% ) of net sales • Earnings per share EUR -0.19 (0.05) • Operative cash fl
Slide 4: H1/2024: Weak demand in Semiconductor Industry and Telecommunication segments
H1/2024: Weak demand, especially in the Semiconductor Industry and Telecommunication customer segments, was reflected in Aspocomp’s net sales • First-half net sales amounted to EUR 13,3 (18,4) million, decrease of 28% • Operating result EUR -2.8 (0.7) million, -21.4% (4.0%) of net sales • Earning pe
Slide 5: Order book amounted to EUR 11.3 million
Order book amounted to EUR 11.3 million Order book (M€), delivery schedule 25 20 Deliveries next year 15 11.3 M€ 10 5 0 June 30, 2022 June 30, 2023 June 30, 2024 • The order intake was below the comparison period level and amounted to EUR 11.3 million • However, demand has already begun to improve g
Slide 6: Q2/2024 net sales amounted to EUR 7.0 million
Q2/ 2024 net sales amounted to EUR 7.0 million Annual net sales (M€) Quarterly net sales (M€) 45 10 40 35 8 30 25 6 20 4 15 10 2 5 0 0 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 2019 2020 2021 2022 2023
Slide 7: Operating results Q2 and H1 2024
Operating results Q2 and H1 2024 Operating result, M€ and % Annual operating result, M€ and % 0,6 10% 5 14% 0,3 5% 4 12% 0,0 0% 3 10% Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 2 8% -0,3 -5% -0,6 -10% 1 6% -0,9 -15% 0 4% -1,2 -20% -1 2019 2020 2021 2022 2023 2% -1,5 -25% -2 0% -1,8 -30% -3 -2% -2,1 -35% M€ % M€
Slide 8: Customer segment comments and net sales Q2/2024
Customer segment comments and net sales Q2/2024 Automotive Industrial Security, Semiconductor Telecommuni- Electronics Defense & Industry cation Aerospace 32% 14% 25% 20% 9%
Slide 9: Automotive: Increase in demand from end customers
Automotive: Increase in 32% demand from end customers • The increase in net sales was due to the growth in demand from end customers. • Q2 net sales amounted to EUR 2.3 million. Increase of 17% compared to Q2/2023. Net sales, M€ 2,5 2,0 1,5 1,0 0,5 0,0 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24
Slide 10: Industrial Electronics: Net sales decreased by 8% compared to Q2/2023
Industrial Electronics: Net sales decreased by 8% compared to Q2/2023 14% • Q2 net sales amounted to EUR 1.0 million. Decrease of 8% compared to Q2/2023. • Net sales turned to growth compared to the beginning of the year due to a slight recovery in demand. Net sales, M€ 1,8 1,6 1,4 1,2 1,0 0,8 0,6 0
Slide 11: Security, Defence & Aerospace: Net sales amounted to EUR 1.7 million
Security, Defence & Aerospace: Net sales amounted to EUR 1.7 million 25% • The changing geopolitical environment increases the demand for local manufacturing in Europe. • Net sales remained on par with the comparison period and amounted to EUR 1.7 million. Net sales, M€ 1,8 1,6 1,4 1,2 1,0 0,8 0,6 0
Slide 12: Semiconductor Industry: Net sales turned to moderate growth
Semiconductor Industry: Net sales 14% turned to moderate growth compared to Q1/2024 • Q2 net sales amounted to EUR 1.4 million, year-on-year decrease of 61%. • The customer segment’s net sales turned to moderate growth compared to Q1, and the global market has seen year-on-year growth every month du
Slide 13: Telecommunication: End customers' weak demand situation
Telecommunication: End customers’ weak demand situation 9% • Q2 net sales amounted to EUR 0.6 million, year-on-year decrease of 44%. • Weak demand among end customers continued to limit the growth of the customer segment. Net sales, M€ 1,2 1,0 0,8 0,6 0,4 0,2 0,0 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24
Slide 14: Outlook for 2024
Outlook for 2024 Aspocomp reiterates the guidance that was published on March 14, 2024. • Aspocomp estimates that its net sales for 2024 will increase from 2023 and its operating result will improve from 2023. In 2023, net sales amounted to EUR 32.3 million and the operating result was a loss of EUR
Slide 15: Q2: Summary
Q2: Summary • Second-quarter net sales EUR 7.0 (9.5) million, decrease of 26% • Operating result EUR -1.2 (0.4) million, -17.5% (4.2% ) of net sales • Earnings per share EUR -0.19 (0.05) • Operative cash flow EUR -1.1 (-0.6) million • Equity ratio 57.8% (67.9%) • Orders received EUR 6.6 (5.4) millio
Slide 16: Additional material
Additional material ASPOCOMP Heart of your technology
Slide 17: 10 major shareholders, June 30, 2024
10 major shareholders, June 30, 2024 Shareholder Shares Ownership, % 1 Joensuun Kauppa ja Kone Oy 1,195,722 17.48 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 275,000 4
Slide 18: Board of Directors
Board of Directors Jukka Huuskonen Anssi Korhonen Ville Vuori Päivi Marttila Kaarina Muurinen Member Chairman Vice Chaiman Member Member
Slide 19: Management Team
Management Team Antti Ojala Pekka Holopainen Jouni Kinnunen Mitri Mattila Manu Skyttä CCO and Deputy CEO Chief Operating CFO CTO President and CEO Officer