Slide 1: Q4/2023
Q4/2023 CHRISTOPHE SUT, CEO KAI VALO, CFO 23 FEBRUARY 2024
Slide 2: Q4/2023 highlights
• Turnover growth excluding spot-market purchases was 4.9% Q4/2023 • Continue strong development driven by Energy Clean tech segment 217.7 M€ / 4.9% • Excluding one-off costs for the efficiency improvement, customer Turnover ex. spot / YoY, % settlement, spot-market purchases and other material invo
Slide 3: Taking steps towards more sustainable manufacturing
Taking steps to towards Medical device Employee engagement Sharpe increase in customer more sustainable manufacturing on high level and still satisfaction manufacturing partnership with Braincool improving 23-Feb-24 3
Slide 4: Turnover ex. spot and spot-market purchases
MEUR Turnover ex. spot Spot-market purchase 250 5,3 7,9 3,1 3,1 14,6 200 19,6 14,4 17 29,5 0,7 5,8 11,7 150 100 50 154,1 162,6 167,1 156,1 177,3 179,6 183,4 192,3 207,7 216,7 238 212,8 217,7 0 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 4
Slide 5: Adjusted operating profit
MEUR 17,5 15 15,1 15,2 13,4 13,4 11,5 10 10,6 10,4 10,0 10,2 10,3 10,1 9,5 6,8 7,2 7,2 6,7 6,1 6,1 5,7 6 6,1 5 5,3 5,3 5,4 4,8 0 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Adjusted operating profit, MEUR Operating profit, adj., % 5
Slide 6: Turnover by market segment
17 % 23 % Advanced Consumer Automation & Safety Applications 34 % 21 % 5% Advanced Consumer Applications Automation & Safety Connectivity Energy & Cleantech Medtech & Life Science Connectivity Energy & Cleantech Medtech & Life Science 23-Feb-24 6
Slide 7: Segment development by quarter
14 Q/Q:10.4% 12 Y/Y: 26.5% Q/Q: 26.8% 10 Y/Y: 44.6% 8 90 6 80 4 70 2 60 Connectivity 50 0 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 40 30 20 58 Energy & Cleantech 10 56 0 Q/Q:-1.3% 54 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Y/Y: -2.1 52 Q/Q:-6.1% 50 Y/Y: 8.4% 48 45 40 46 Advanced Consu
Slide 8: Customer concentration: Toyota Material Handling Europe
100% 11% 13% 12% 14% 15% 13% 90% 18% 19% 80% 70% 45% 42% 42% 48% 48% 44% 37% 36% 60% 50% 40% 30% 20% 44% 44% 41% 45% 45% 45% 39% 40% 10% Toyota Material Handling Europe is part 0% of Toyota Industries Corporation, the 2016 2017 2018 2019 2020 2021 2022 2023 global number one in material handling Res
Slide 9: Dividend has increased since 2012
• Dividend has increased since 2012 • Scanfil aims to distribute approximately 1/3 of the EPS CAGR 17.2% 0,25 0,23 0,21 0,20 0,19 0,17 0,15 0,15 0,13 0,11 0,10 0,09 0,08 0,07 0,05 0,05 0,04 0,00 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Pay-Out Ratio % 40% 36% 33% 53% n/a 28% 29% 3
Slide 10: CO2 emissions, fossil free energy, employee satisfaction
CO2 emissions Share of fossil free energy, % Employee satisfaction 2020 2021 2022 2023 Target 2030 2020 2021 2022 2023 Target 2030 2020 2021 2022 2023 Target 2030 18000 70 76 16000 60 -52% +34pp 74 14000 50 +5p 12000 72 10000 40 70 8000 30 6000 68 20 4000 66 10 2000 0 0 64 23 February 2024 10
Slide 11: Financials
Financials CFO Kai Valo SCANFIL
Slide 12: Q4 and 2023 turnover, operating profit, net profit, cash flow
Q4/2023 2023 Turnover Operating Profit Turnover Operating Profit 235 16 950 70 220,8 222,3 901,6 13,4 13,4 61,3 14 900 215 843,8 60 12 850 800 50 45,4 195 10 -0,7% 750 6,1% 6,0% 40 175 8 +6,9% 700 6,8% +35,0%5,4% 6 650 30 155 600 20 4 135 550 2 10 500 115 0 450 0 2023 2022 2023 2022 2023 2022 2023 2
Slide 13: Turnover and operating margin excluding spot buys
2022 spot buys EUR 14,6 million excluded 2023 spot buys and material sales EUR 10,7 million excluded +1,2% -1,5% +0,6 +4,5% +19,7% 14,0 6,7% 6,5% 23-Feb-24 13
Slide 14: Operating profit excluding spot buys
2022 spot buys EUR 80,7 million excluded 2023 spot buys EUR 19,3 million excluded +14,4% +15,6% 15,2 +15,9 +35,0% 61,3 23-Feb-24 14
Slide 15: Balance sheet
518,0 525,5 518,0 525,5 Inventories Equity 226,6 209,0 -20,2 266,0 229,3 +39,4 Goodwill 7,7 7,7 Interest Bearing Debt Other intangible Assets 10,4 11,9 106,3 21,2 Cash and Equivalent 20,8 73,0 -33,3 Trade and other 173,5 +8,7 liabilities Trade and other 164,8 receivables Other Assets 166,7 183,7 -17
Slide 16: Net debt
MEUR Net Debt 100 80 60 40 20 18,1 11,3 25,0 49,6 59,9 78,9 95,3 96,4 85,6 91,9 87,4 80,7 51,7 0 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 16
Slide 17: Net cash from operating activities
MEUR 40 34,8 30 25,2 20 13,9 10 9,3 9,8 7,7 8,0 - 0,6 - 0,4 - 0,9 0 1,9 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 -10 - 13,6 - 19,2 -20 Net Cash from Operating Activities 17
Slide 18: EBITDA and net cash from operating activities
EBITDA 80,4 Net Cash From the Operating Activities 68,9 23-Feb-24 18
Slide 19: ROE, equity ratio, net gearing, EPS
Equity Ratio ROE 56 25 53,7 54 19,6 20 52 16,1 50 15 48 46 45,3 10 44 5 42 40 0 2023 2022 2023 2022 Net Gearing Earnings Per Share 40 37,8 0,8 0,74 35 0,7 30 0,6 0,54 25 0,5 Company 0,51 19,5 million 33,2 EUR 20 0,4 Company 0,33 million 21,4 EUR 15 0,3 10 0,2 Shareholders 0,23 5 0,1 Shareholders 0,2
Slide 20: Key takeaways and outlook
Key takeaways and outlook SCANFIL
Slide 21: Record year 2023 and preparing for growth
• Record Year 2023 • The revenue organic growth was 15% • Record profit of EUR 61,3 million and operating margin level of 6.8% • Cash flow – EUR 68.9 million • Energy transformation and sustainability drives the market • Dividend proposal EUR 0.23 per share – growth since 2012 • Preparing for growth
Slide 22: 2024 outlook and focus areas
We expect our turnover to be EUR 820–900 million and adjusted operating profit to be EUR 57–65 million. Focus areas: • Continue development of our strong market segments – Energy & Cleantech and Medtech & Life Science • Securing profitability with efficiency improvements: automation and digitalizati
Slide 23: Q&A
SCANFIL Q&A
Slide 24: Capital Markets Day in Stockholm
Scanfil will have its first Capital Markets Day outside of Finland. The event will be organized as a hybrid event. Address for physical participation is WTC Stockholm, Klarabergsviadukten 70, 111 64 Stockholm, Sweden. Our Management team will give presentations about e.g. strategy, financial targets
Slide 25: Contact information and analysts
Inderes Oy Antti Viljakainen +358 44 591 2216 antti.viljakainen(at)inderes.fi Evli Pankki Oyj Joonas Ilvonen Contact information +358 44 430 9071 joonas.ilvonen(at)evli.com and analysts Nordea Oyj Pasi Väisänen CHRISTOPHE SUT, CEO +358 9 5300 5192 +358 407 318 411 pasi.vaisanen(at)nordea.com christo
Slide 26: Disclaimer
Disclaimer Not to be published or distributed, directly or indirectly, in any country where its distribution or publication is unlawful. Forward looking statements: certain statements in this presentation may constitute "forward-looking" statements which involve known and unknown risks, uncertaintie
Slide 27: Global contract manufacturer and systems supplier
Global contract manufacturer and systems supplier