Slide 1: Presentation of results for first half of 2016
August 16 Zurich, August 18, 2016 Presentation of results for first half of 2016 Ronald Fehlmann, CEO Markus Portmann, CFO Technology with Passion Agenda 1 COMET Group at a Glance R. Fehlmann 2 Review of H1 2016 R. Fehlmann Group and Business Segments 3 Financial Results M. Portmann 4 Outlook for 20
Slide 2: COMET Group at a glance
August 16 COMET Group at a glance Swiss company with leading technologies and global presence H1 Results 2016 | August 18, 2016 3 Turning innovative technologies into solutions that add value RF power X-Ray ebeam Plasma control Non-destructive Surface treatment Semiconductor testing Sterilization of
Slide 3: Strong first half of 2016 confirming strategic growth trajectory
August 16 Agenda 1 COMET Group at a Glance R. Fehlmann 2 Review of H1 2016 R. Fehlmann Group and Business Segments 3 Financial Results M. Portmann 4 Outlook for 2016 R. Fehlmann 5 Questions & Answers All H1 Results 2016 | August 18, 2016 5 With a strong first half of 2016 COMET Group is confirming i
Slide 4: H1 2016: Strong profitable growth
August 16 Review of H1 2016 H1 2016: Strong profitable growth Net sales in CHF +15.1% vs. H1 2015, from 130.1m to 149.8m Net income in +412.1% vs. H1 2015, CHF from 1.7m to 8.6m EBITDA in CHF +35.4% vs. H1 2015, from 12.3m to 16.6m EBITDA margin +1.7% points vs. H1 2015, from 9.4% to 11.1% H1 Result
Slide 5: All four segments contributed to the sales growth of 15.1%
August 16 Review of H1 2016 H1 2016: All four segments contributed to the sales growth of 15.1% Plasma Control Industrial ebeam X-Ray Systems Technologies X-Ray Modules Technologies +4.1% +25.0% +12.1% +73.1% Net sales 60.4m 54.1m 34.5m 8.1m in CHF (H1 2015: 58.0m) (H1 2015: 43.3m) (H1 2015: 30.8m)
Slide 6: PCT: Continued profitable growth through high-end solutions
August 16 Plasma Control Technologies PCT: Continued profitable growth through high-end solutions 1.1% sales growth in local currencies sales and design-wins with high-end RF matchboxes in the semiconductor market as more and more manufac- turers of mobile devices are using 3D memory chips Growing d
Slide 7: IXS: Strong growth with CT systems
August 16 X-Ray Systems IXS: Strong growth with CT systems, regaining market share in customized systems 19.8% sales growth in local currencies Growth with computed tomography (CT) solutions especially in the aerospace, labs and R&D, and foundries sectors – as 3D visualization helps to inspect the e
Slide 8: IXM: Back on growth trajectory; forward integration strategy
August 16 Industrial X-Ray Modules IXM: Back on growth trajectory; forward integra- tion strategy generates sales in core business 11.4% growth in local currencies driven by Successful strategy of forward integration (offering complete XRS sources) Growth in security inspection, including in new app
Slide 9: EBT: Investment in new applications and integration of PCT Engineered Systems
August 16 ebeam Technologies EBT: Investment in new applications and integration of PCT Engineered Systems LLC Growth of 67.5% in local currencies Ramp up of investments in the attractive potentials of food and digital printing Launch of ebeam Inkjet Dryer which allows food-safe, individualized digi
Slide 10: Increasing new orders, strong net sales and improved operating performance
August 16 Financial Results Increasing new orders, strong net sales and improved operating performance H1 Change in CHF thousands 2016 2015 Absolute In % Incoming orders 162'233 142'942 19'291 13% Backlog 90'848 77'525 13'323 17% Book-to-bill 1.08 1.10 -2% Net sales 149'768 130'097 19'671 15% Cost o
Slide 11: All four segments contributed to the sales growth
August 16 Financial Results All four segments contributed to the sales growth +15.1% +4.8 149.8 150.0 +3.2 -0.3 +2.8 +8.6 140.0 CHF millions 130.1 +0.6 130.0 120.0 Volume effect in local currencies Positive currency CHF +14.8m effect (+11.4%) 110.0 (+3.7%) 100.0 Net sales H1 PCT IXS IXM EBT Elim. Cu
Slide 12: Strong increase in net income, supported by currency translation impacts
August 16 Financial Results Strong increase in net income, supported by positive currency translation impacts Net income 10.0 9.0 Operating income 8.0 8.6 CHF 11.1m 7.0 (H1 2015: CHF 7.4m) CHF millions 6.0 Net financing expenses 5.0 CHF 0.7m 4.0 (H1 2015: CHF 4.0m) 3.0 2.0 Income tax expense 1.0 1.7
Slide 13: Income tax rate temporary down to 18%
August 16 Financial Results Income tax rate temporary down to 18%, related to a high YTD share of profits in Switzerland Applying the expected Group base tax rate of 28%, the EBT of CHF 10.4m would lead to an expected tax expense of CHF 2.9m Total income tax expense reported was CHF 1.8m (H1 2015: C
Slide 14: Operating and Free Cash Flow reflect implementation of growth strategy
August 16 Financial Results Operating and Free Cash Flow reflect implementation of growth strategy CF provided by operating CF used in investing CF used & provided activities activities Free cash flow by financing activities a) Cash at January 1, 2016 CHF 2.7m CHF -9.2m CHF = -6.5m CHF +39.4m b) Net
Slide 15: Non-current assets increased due to capital expenditure
August 16 Financial Results Non-current assets increased due to capital expenditure Non-current assets increased by CHF 4.6m or 3.9% Compared to prior year-end property, plant and equipment and intangible assets increased by CHF 3.5m Cash capital expenditures as a mixture of replacement, capacity in
Slide 16: Net debt in H1 reduced to CHF 13.5m
August 16 Financial Results Net debt in H1 reduced to CHF 13.5m; Ratio of net debt to EBITDA very solid at 0.3 Decrease in net debt to 50 2.0 Net debt / EBITDA CHF 13.5m (end of H1 Mio. CHF 40 1.5 1.6 1.2 41.3 40.1 2015: CHF 20.4m) as a 36.9 30 1.2 result of managing working 20 22.9 23.9 0.5 0.8 cap
Slide 17: Confirming outlook
August 16 Outlook Confirming outlook COMET Group well-positioned for on-track growth For 2016, the COMET Group expects: sales growth to CHF 300m to CHF 320m, and an EBITDA margin between 11% and 13% Based on foreign exchange rates of: CHF 0.95 per USD CHF 1.05 per EUR H1 Results 2016 | August 18, 20
Slide 18: Q&A and financial calendar
August 16 Q&A H1 Results 2016 | August 18, 2016 35 Financial calendar for the COMET Group November 23, 2016 Investor Day March 23, 2017 Publication of 2016 annual report April 20, 2017 Annual shareholder meeting in Berne For more details on business performance and financial results, please see our
Slide 19: Disclaimer
August 16 Disclaimer This document contains forward-looking statements about COMET Group that may be subject to uncertainty and risk. Readers should therefore be aware that such statements may deviate from actual future outcomes or events. Forward- looking statements in this document are projections