Cicor Technologies · SIX:CICN
Cicor Technologies — Deutsches Eigenkapitalforum 2022
21 slides from Cicor Technologies's conference presentation, Nov 29, 2022
Slide 1: Deutsches Eigenkapitalforum 2022
Deutsches Eigenkapitalforum 2022 Cicor Technologies Ltd. November 29, 2022 Alexander Hagemann (CEO) Peter Neumann (CFO)
Slide 2: Disclaimer
Disclaimer November 29, 2022 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: Electronic solutions for a world driven by technological progress
Electronic solutions for a world driven by technological progress Cicor application examples 30% of hearing aids use 50% of satellites operate Cicor supports the drive to Cicor technology to help reliably with solutions ever higher performing people hear better made by Cicor computer chips 4
Slide 5: Cicor is a globally active provider of full-cycle electronic solutions
Cicor is a globally active provider of full-cycle electronic solutions Short profile Best-in-class services from development and engineering to manufacturing and supply chain management Trusted technology partner for leading OEM in focus markets: Medical, Industrial, Aerospace & Defence 2,200
Slide 6: Electronics Manufacturing Services (EMS) market in slides
Electronics Manufacturing Services (EMS) market in 4 slides Tailwind from megatrends Ever growing demand for electronics OEM focusing on their core competency, share of outsourcing increases 2021: 36% 2026: 39% Share of electronics manufactured by EMS. Source: New Venture Research Corp., 2022 2021 –
Slide 7: 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 Journey from “exchangeable supplier” to “integral value chain partner” Strong, loyal custome
Slide 8: Multi-regional strategy
Multi-regional strategy Cicor is market leader in Switzerland Customer proximity is essential to foster close collaboration especially in engineering Proven business model: Engineering and prototyping resources Localized sales force High value production and sovereign manufacturing Suppo
Slide 9: Multi-regional strategy
Multi-regional strategy Making Cicor a European leader one country at a time… Replicating the proven business model by acquiring highly focused and profitable EMS in UK and Germany: Axis Electronics (11/2021) is the leader in aerospace & defense in the UK SMT Elektronik (04/2022) and Phoenix M
Slide 10: The European EMS sector is destined for consolidation
The European EMS sector is destined for consolidation The strong are getting stronger while the weak are getting weaker Cicor is amongst the most profitable listed EMS companies worldwide, exceeding the median EBITDA margin by 2.3 percentage points* Many smaller and some larger EMS companies are
Slide 11: Financials
cicor Peter Neumann Financials
Slide 12: Long-term view – Impact of Cicor growth strategy visible in 2022
Long-term view – Impact of Cicor growth strategy visible in 2022 Performance 2017 – 2022 Cicor Group 300 20% Cicor achieved highest ever 1st half-year results across 250 248 254 239 sales and EBITDA – growth strategy delivering. 217 215 15% 200 122 125 150 108 9.9% 9.8% 106 122 9.7% 9.5% 10% Cha
Slide 13: Record sales and core results from organic growth and acquisitions
Record sales and core results from organic growth and acquisitions Key figures H1/2022 Orders received Net sales EBITDA Core EBIT 1) Core net profit 1) +29.5% 15.0 +30.0% +35.2% 11.6 +45.4% 181.8 157.7 9.7 139.8 116.7 6.6 -4.1% 5.2 4.9 ROS: ROS: ROS: 9.9% 9.5% 5.7% 6.1% 4.4% 3.1% 2021 2022 2021 2022
Slide 14: Impact of Axis, SMT & PMDE/PMDT Acquisitions on Cicor
Impact of Axis, SMT & PMDE/PMDT Acquisitions on Cicor Important step to execute the Cicor growth strategy Acquisition of Axis (Consolidation as of December 2021) and SMT (consolidation as of May 2022) significantly impact the half-year and last twelve month results Including Axis and SMT pro-for
Slide 15: Cicor Group Financing Strategy
Cicor Group Financing Strategy Strong financial base to fuel further organic and in-organic growth Debt Financing - Syndicated Bank Loan Agreement (June 2021) CHF 80 Mio revolving facility for operational financing CHF 75 Mio optional M&A facility, that was drawn to finance Axis (November 2021)
Slide 16: Conclusion & Outlook 2022
Alexander Hagemann Conclusion & Outlook 2022
Slide 17: Conclusion
Conclusion Key takeaways Megatrends are supporting growth of the worldwide electronics manufacturing services (EMS) market of 6.8% (CAGR 2021-2026) Cicor’s business model as a full-cycle electronics solution provider is well differentiated to its peers, resulting in one of the highest operating
Slide 18: Outlook
Outlook Expectations for 2022 Order intakes have accelerated again through conversion of record-high project pipeline despite weakness of some consumer-related business Significantly improved material availability and some improvement in the supply chain Positive outlook as structural growth o
Slide 19: Investor Relations
Investor Relations Agenda 2022/2023 & Analysts Deutsches Eigenkapitalforum November 28 - 30, 2022 in Frankfurt (Germany) Baader Swiss Equities Conference January 11 - 13, 2023 in Bad Ragaz (Switzerland) Annual Report 2022 March 02, 2023 Annual Shareholder’s Meeting 2023 April 18, 2023 Inte
Slide 20: Investor Relations
Investor Relations Contacts Alexander Hagemann Peter Neumann Michael Götti CEO CFO VP Corporate Marketing & Communications Cicor Management AG Gebenloostrasse 15 CH - 9552 Bronschhofen investor@cicor.com +41 71 913 73 00 20
Slide 21: Thank you for your attention
Thank you for your attention www.cicor.com/investors investor@cicor.com
Cicor Technologies — Deutsches Eigenkapitalforum 2022 on 6ix