Technoprobe Spa · MIL:TPRO
Technoprobe Spa — FY2022 Earnings Presentation
14 slides from Technoprobe Spa's earnings presentation, Feb 27, 2023
Slide 1: FY 2022 Results Presentation
FY 2022 Results Presentation February 27, 2023
Slide 2: Disclaimer
Disclaimer This proprietary presentation (including any accompanying oral presentation, question and answer session and any other document or materials distributed with or in connection with this presentation) (collectively, the “Presentation”) has been prepared by Technoprobe S.p.A. (the “Company”
Slide 3: Technoprobe at a glance
Technoprobe at a glance 1996 14 2700 Year of Offices Employees Foundation Worldwide Worldwide +600 €549m Proprietary FY2022 Revenues patents INNOVATION BEGINS WITH US 3
Slide 4: Financial Highlights
Financial Highlights • Revenues were 121€m up 1% YoY Q4 results • Gross profit was 73€m, up 8% YoY, with a margin of 60% • Ebitda was 51€m, with a margin of 42% • Revenue were 549€m up 40% YoY FY results • Gross profit was 333€m, up 42% YoY with a margin of 61% • Ebitda was 245€m, up 40% YoY with a
Slide 5: FY 2022 Results
FY 2022 Results FY 2021 FY 2022 YoY Variance Comments €m • Revenues boosted by: Revenues 392 549 +40% o Volume increase o Higher market share o Forex tailwind Gross profit 235 333 +42% • Positive forex impact on Gross profit margin has been almost offset by: % margin 60% 61% o inflation upward trend
Slide 6: FY 2022 Results: Capex & R&D
FY 2022 Results: Capex & R&D FY 2021 FY 2022 YoY Variance Comments €m Capex 59 78 +33% • Mainly in Italy to foster the manufacturing capacity 34 56 +67% • Steady as % of revenues R&D 9% 10% % of revenues INNOVATION BEGINS WITH US 6
Slide 7: Semis Market Outlook
Semis Market Outlook Q3 22 Q4 22 Q1 23E Q2 23 Q3 23 Q4 23 FY 2024 MATURE NODES Consumer Products Automotive Industrials Inventory Level HIGH HIGH HIGH MODERATE REGULAR REGULAR REGULAR LEADING EDGE TECHNOLOGIES 2022 2023 FY 2024 WiFi Infrastructure AI & Data Center 2023 GOAL EV & AGV navigate the dow
Slide 8: Q1 23 guidance
Q1 23 guidance Guidance Comments Revenues: €88m (+/-3%) • Revenues affected by shrink in the consumer market Gross margin: 52% (+/-2%) • Gross Margin and Ebitda Margin temporarily impacted by revenue contractions and related under- Ebitda margin: 30% (+/-2%) absorption of fixed / semifixed costs INN
Slide 9: Q&A
Q&A
Slide 10: Appendix
LAA Appendix 'S) TECHNOPROBE
Slide 11: Consolidated Income Statement
Consolidated Income Statement (In Euro thousands) Year ended December 31, 2022 2021 Revenue 548,929 391,737 Cost of revenue (216,149) (157,016) Gross profit 332,780 234,721 Operating expenses Research and development (56,419) (33,706) Selling, general and administrative (67,737) (51,359) Net impairm
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet (In Euro thousands) As of December 31, 2022 2021 ASSETS Non-current assets Property, plant and equipment 209,736 169,198 Intangible assets 10,742 6,673 Goodwill 10,351 9,757 Deferred tax assets 16,598 13,604 Non-current financial assets 1,021 835 Other non-current assets 1
Slide 13: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement (In Euro thousands) Year ended December 31, 2022 2021 Profit before tax 207,230 152,423 Adjustments for: Amortization, depreciation and impairment 36,736 25,042 Gains (losses) on disposals (235) (243) Net finance (income) expenses (1,024) 115 Other non-cash adjustmen
Slide 14: Technoprobe
'S) TECHNOPROBE