Slide 1: Heart of your technology
Heart of your technology January-September 2024 presentation October 23, 2024 Manu Skyttä, President and CEO
Slide 2: Contents
Contents • Q3/2024 in brief • 1-9/2024 financial result: – Order book – Net sales – Operating result • Overview of customer segments • Outlook • Summary
Slide 3: Q3/2024: Net sales and operating result decreased, orders and order book grew
Q3/2024: Net sales and operating result decreased in Q3, orders received, and order book turned to strong growth • Third-quarter net sales EUR 6.4 (8.1) million, decrease of 21% • Operating result EUR -1.2 (-0.7) million, -18.8% (-8.9%) of net sales • Earnings per share EUR -0.20 (-0.11) • Operative
Slide 4: 1-9/2024: Net sales impacted by sluggish semiconductor demand
1-9/2024: Net sales development was impacted by sluggish demand in the Semiconductor Industry segment and the extended production lead times in H1/24 • January-September net sales amounted to EUR 19.7 (26.4) million, decrease of 26% • Operating result EUR -4.0 (0.0) million, -20.6% (0.1%) of net sal
Slide 5: Order book increased to EUR 19.1 million
Order book increased to EUR 19.1 million Order book (M€), delivery schedule 25 19.1 M€ 20 15 10 5 0 Sept 30, 2022 Sept 30, 2023 Sept 30, 2024 • The order book grew especially due to strong demand from the Semiconductor Industry customer segment. • Order book increased year-on-year by 36% and amounte
Slide 6: Q3/2024 net sales amounted to EUR 6.4 million
Q3/2024 net sales amounted to EUR 6.4 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 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 2020 2021 2022 2023 Q1-Q3 2024
Slide 7: Operating results Q3 and Q1-Q3/2024
Operating results Q3 and Q1-Q3/2024 Operating result, M€ and % Annual operating result, M€ and % 0,0 0% 5 15% Q4/23 Q1/24 Q2/24 Q3/24 4 10% -0,3 -5% 3 5% -0,6 -10% 2 1 0% -0,9 -15% 0 -5% -1 2021 2022 2023 Q1-Q3 -10% -1,2 -20% -2 2024 -15% -1,5 -25% -3 -4 -20% -1,8 -30% -5 -25% -2,1 -35% M€ % M€ % •
Slide 8: Customer segment comments and net sales Q3/2024
Customer segment comments and net sales Q3/2024 Automotive Industrial Security, Semiconductor Telecommuni- Electronics Defense & Industry cation Aerospace 29% 11% 26% 23% 11%
Slide 9: Automotive: Net sales amounted to EUR 1.8 million
Automotive: Net sales 29% amounted to EUR 1.8 million • Q3 net sales amounted to EUR 1.8 million. Decrease of 7% compared to Q3/2023. Net sales, M€ 2,5 2,0 1,5 1,0 0,5 0,0 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24
Slide 10: Industrial Electronics: Net sales decreased by 27%
Industrial Electronics: Net sales decreased by 27% compared to Q3/2023 11% • Q3 net sales amounted to EUR 0.7 million. Decrease of 27% compared to Q3/2023. Net sales, M€ 1,4 1,2 1,0 0,8 0,6 0,4 0,2 0,0 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24
Slide 11: Security, Defence & Aerospace: Net sales increased by 9%
Security, Defence & Aerospace: Net sales increased by 9% to EUR 26% 1.6 million • The changing geopolitical environment increases the demand for local manufacturing in Europe. • Net sales increased by 9% to EUR 1.6 million. Net sales, M€ 1,8 1,6 1,4 1,2 1,0 0,8 0,6 0,4 0,2 0,0 Q3/23 Q4/23 Q1/24 Q2/2
Slide 12: Semiconductor Industry: Net sales turned to moderate growth
Semiconductor Industry: Net sales 23% turned to moderate growth compared to Q2/2024, demand swung to strong growth • Q3 net sales amounted to EUR 1.5 million, year-on-year decrease of 49%. • Demand swung to strong growth in the third quarter. • Growth prospects in the semiconductor industry are stil
Slide 13: Telecommunication: End customers' demand situation stabilized
Telecommunication: End customers’ demand situation stabilized 11% • Q3 net sales amounted to EUR 0.7 million, remaided at the comparison period level. • End customers' demand situation stabilized. Net sales, M€ 0,8 0,7 0,6 0,5 0,4 0,3 0,2 0,1 0,0 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24
Slide 14: Outlook for 2024
Outlook for 2024 Aspocomp reiterates the guidance that was published on August 29, 2024. • Aspocomp estimates that its net sales for 2024 will be below the 2023 level, and its operating result for 2024 will be clearly below the 2023 level. • In 2023, net sales amounted to EUR 32.3 million and the op
Slide 15: Q3: Summary
Q3: Summary • Third-quarter net sales EUR 6.4 (8.1) million, decrease of 21% • Operating result EUR -1.2 (-0.7) million, -18.8% (-8.9% ) of net sales • Earnings per share EUR -0.20 (-0.11) • Operative cash flow EUR -1.3 (0.7) million • Equity ratio 56.5% (66.4%) • Orders received EUR 14.1 (7.1) mill
Slide 16: Additional material
Additional material ASPOCOMP Heart of your technology
Slide 17: 10 major shareholders, September 30, 2024
10 major shareholders, September 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,
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