Technoprobe Spa · MIL:TPRO
Technoprobe Spa — 9M 2022 Earnings Presentation
10 slides from Technoprobe Spa's earnings presentation, Dec 6, 2022
Slide 1: 9M 2022 Results Presentation
9M 2022 Results Presentation December 6, 2022
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 €547m Proprietary TTM Revenues* patents *as at September 30, 2022 INNOVATION BEGINS WITH US 3
Slide 4: Financial Highlights
Financial Highlights • Revenues were 177€m up 83,3% YoY Q3 results • Gross profit was 110€m, up 91,8% YoY, with a margin of 62,2% • Ebitda* (excluding IPO costs) was 90€m, with a margin of 50,6% • Revenue: were 428€m up 57,4% YoY 9M results • Gross profit was 260€m, up 55,7% YoY with a margin of 60,
Slide 5: 9M 2022 Results
9M 2022 Results 9M 2021 9M 2022 YoY Variance Comments €m • Revenues boosted by huge Q3 results: Revenues 272 428 +57,4% • Record high order intake • Forex tailwind • Positive forex impact on Gross profit 167 260 +55,7% margin has been more than offset by: Gross profit o inflation upward trend which
Slide 6: 9M 2022 Capex & Headcount to fuel the growth
9M 2022 Capex & Headcount to fuel the growth January February April September Agrate • Manufacturing • R&D centre TP5 Cernusco Lombardone • Boards assembly line • Quality control Osnago Mechanical shop Catania R&D centre Capex: €55m WW Headcount: +400 INNOVATION BEGINS WITH US 6
Slide 7: Our Reference Market Trend
Our Reference Market Trend CAGR 2021 2022E 2023E 2024E 2025E 2022-2025 Semiconductor Probe Cards Market* $2.5bn +6.2% +0.6% +6.0% +11.0% +5.8% Logic Probe Cards* $1.6bn +9.1% +1.4% +6.0% +11.5% +6.3% Memory Probe Cards* $0.9bn +1.0% -1.0% +6.0% +10.0% +4.9% *Source: TechInsights Market Report 2022,
Slide 8: Q4 business outlook and FY guidance
Q4 business outlook and FY guidance Macroeconomic scenario • FY2022E logic probe cards market at +9.1% YoY* • Challenging macroeconomic backdrop lead to a weak consumer demand and geopolitical/trade tensions sharpened China softness • Slowdown in consumer demand vs. upward trend in Industrial (inclu
Slide 9: Q&A
Q&A
Slide 10: Technoprobe
'S) TECHNOPROBE