Slide 1: Investora 2021
Investora 2021 Cicor Technologies Ltd. September 16, 2021 Alexander Hagemann (CEO) Patric Schoch (CFO)
Slide 2: Disclaimer
Disclaimer September 16, 2021 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: The Cicor Group
The Cicor Group Leading technology partner for mission-critical high-quality electronics The Swiss leader in design and manufacturing of advanced electronics Pioneering microelectronics since 1966 – listed at SIX Swiss Exchange in 1998 Serving OEM customers in the Medical, Industrial, Aerospac
Slide 5: Cicor USP in a competitive growth market
Cicor USP in a competitive growth market No. 1 electronics contract manufacturer in Switzerland, no. 3 in target markets in D-A-CH region Unique combination as solution provider and technology leader with flawless execution Focus on Medical, Industrial, Aerospace & Defence with high margin poten
Slide 6: Leading technologies for high-end electronics
Leading technologies for high-end electronics A differentiated offering of products and value adding services Advanced Microelectronics and Substrates Electronic Solutions The strongest platform in the industry for Realization of advanced electronic devices high precision electronic substrates and m
Slide 7: Corporate Highlights Cicor in H1/2021
Alexander Hagemann Corporate Highlights Cicor in H1/2021
Slide 8: Cicor in H1/2021
Cicor in H1/2021 Financials reflect the recovery from 2020 in a still challenging environment Sales up 7% to CHF 116.7 million Material shortages and supply chain disruptions prevented stronger growth EBITDA margin of 9.9% (PY: 8.5%) exceeds pre-crisis levels (H1 2019: 9.0%) Order intake up
Slide 9: Advanced Microelectronics and Substrates (AMS)
Advanced Microelectronics and Substrates (AMS) AMS Division with innovations and margin increase Sales of CHF 28.1 million, flat vs. PY PCB sales recovered due to high demand from hearing aid market Microelectronic assembly had to accept unchanged low demand EBITDA margin recovered to pre-cr
Slide 10: Electronic Solutions (ES)
Electronic Solutions (ES) ES Division develops its potential Sales recovered by 9.3 % to CHF 89.1 million, despite headwinds from component shortages EBITDA margin increase to 8.4% (+200 bps; PY: 6.4%), significantly above pre- crisis level Relocation of production from Singapore to Batam (Ind
Slide 11: Ongoing Corporate Governance reinforcements
Ongoing Corporate Governance reinforcements New anchor shareholder OEP, Corresponding Board changes and Executive Committee Update Sale of block of ~29.35% shares from HEB Swiss Investment AG (HEB), Zurich, Switzerland, to OEP 80 B.V. (OEP), Amsterdam, NL, completed OEM representatives Norma Cor
Slide 12: Financial Results H1/2021
Patric Schoch Financial Results H1/2021
Slide 13: Financial achievements H1/2021
Financial achievements H1/2021 All figures in CHF million at actual FX rates Orders received Net sales EBITDA EBIT Net profit +51.1% +25.2% 139.8 +7.0% 11.6 116.7 9.3 109.0 +63.2% 92.6 +209.2% 6.6 5.2 8.5% 9.9% 4.1 3.7% 5.7% 4.4% 1.7 (ROS) 1.5% 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 Sal
Slide 14: Cicor Group Performance 2016 – H1/2021
Cicor Group Performance 2016 – H1/2021 All figures in CHF million at actual FX rates Total Group Group H1/2020 H1/2021 %YoY in TCHF Sales 109 047 116 712 +7.0% EBITDA 9 267 11 602 +25.2% ROS% 8.5% 9.9% +1.4%pt. Sales H2 Sales H1 EBITDA% (before restructuring) 14
Slide 15: Very solid balance sheet ratios and reinforced focus on ROIC
Very solid balance sheet ratios and reinforced focus on ROIC Allowing to capitalize on growth opportunities 31.12.2020 30.06.2021 Balance Sheet KPIs: Equity (CHF million) 76.3 79.7 Net Debt (CHF million) 13.6 17.8 Debt ratios: Gearing (net debt in % of equity) 17.8% 22.3% Net debt / EBITDA (annualiz
Slide 16: Cicor strategy
Alexander Hagemann Cicor strategy
Slide 17: Cicor strategy
Cicor strategy Five pillars to define the future of Cicor Benefiting Differentiation Platform, Brand Governance, Profitable from & Market & Innovation Team Growth megatrends Leadership 17
Slide 18: Megatrends provide strong tailwind for growth
Cicor strategy Megatrends provide strong tailwind for growth Ever growing demand for electronics and digital devices worldwide Miniaturization Cicor benefits Internet of Things, specifically in combination with Wide Area Networks from Increasing demand for outsourced manufacturing megatrends
Slide 19: Top position in target markets in D-A-CH through clear differentiation
Cicor strategy Top 3 position in target markets in D-A-CH through clear differentiation Know-how and competencies along the full value chain: development > production and logistics > markets Our offering is Highest technological capabilities differentiated & Swiss Quality (Precision, Reliabili
Slide 20: A strong platform for organic growth and industry consolidation
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 We leverage Journey from “exchangeable supplier” to “integral value chain partner” The Cicor P
Slide 21: New anchor shareholder and board strengthen industry savviness and governance
Cicor strategy New anchor shareholder and board strengthen industry savviness and governance New anchor shareholder set to reinforce corporate governance OEP a well-networked anchor shareholder, industry-savvy and ready to leverage Gradual synergies within its complementary portfolio reinforced
Slide 22: Being a driver of industry consolidation with a focus on niche manufacturers
Cicor strategy Being a driver of industry consolidation with a focus on highly profitable niche manufacturers in Europe Tangible demand for customers’ outsourcing remains a key growth driver Unexploited additional cross-selling opportunities between AMS and ES, Profitable resulting from one-stop
Slide 23: Outlook
cicor Alexander Hagemann Outlook
Slide 24: Outlook
Outlook Expectations for 2021 Global shortage of materials is expected to continue during H2/2021 Due to the significant increase in customer demand Cicor expects sales growth to continue in H2/2021 year-over-year Full-year 2021 guidance (assuming stable FX and pandemic situation in line with
Slide 25: Mid-term Outlook: Cicor poised to significantly accelerate profitable growth
Mid-term Outlook: Cicor poised to significantly accelerate profitable growth Combination of organic growth and acquisitions, leveraging support from major shareholder OEP Cicor aims to become a leading electronics manufacturer in Europe within the targeted attractive segment of high-mix/low-volume
Slide 26: Investor Relations
Investor Relations Agenda 2021/2022 Cicor Capital Markets Day October 06, 2021 in Bronschhofen (Switzerland) Deutsches Eigenkapitalforum November 22-24, 2021 in Frankfurt (Germany) Annual Report 2021 March 10, 2022 Annual Shareholder’s Meeting 2022 April 2022 Interim Report 2022 August 202
Slide 27: Preview Cicor Capital Markets Day 2021
Investor Relations Preview Cicor Capital Markets Day 2021 Wednesday, October 06, 2021 09:00 - 09:30 Arrival of guests 09:30 - 09:45 Welcome message Daniel Frutig Chairman Alexander Hagemann CEO 09:45 - 10:15 The transformation of Cicor 2016-2020 Patric Schoch CFO VP Global Cicor's position in the el
Slide 28: Contacts
Investor Relations Contacts Alexander Hagemann Patric Schoch Michael Götti CEO CFO VP Corporate Marketing & Communications Cicor Management AG Gebenloostrasse 15 9552 Bronschhofen Switzerland investor@cicor.com +41 71 913 73 00 28
Slide 29: Thank you for your attention
Thank you for your attention www.cicor.com/investors info@cicor.com