Schweizer Electronic Ag · XETR:SCE
Schweizer Electronic — Q1 2025 Earnings Presentation
23 slides from Schweizer Electronic's earnings presentation, May 7, 2025
Slide 1: Earnings Call Results Q1 2025
EARNINGS CALL RESULTS Q1 2025 MAY 7, 2025 MARC BUNZ (CFO) MARC MOOSMANN (DIRECTOR FINANCE & CONTROLLING)
Slide 2: Agenda
AGENDA • Highlights 2025 • Financials 2024 • Outlook 2025 • Financials Q1 2025 May 7, 2025 Confidential - circulation and Publication subject to prior approval by SCHWEIZER Page 2
Slide 3: Highlights 2025
HIGHLIGHTS 2025 • Growth path intact – 39.4 Mill. EUR highest quarterly revenue so far • Fab-Light strategy increasingly successful – trading was 65% of sales in Q1 • Demand for embedding products continues to rise – 12.6 Mill.€ in Q1 • High pressure on margins due to customs burden and decreasing e
Slide 4: Market Development
MARKET DEVELOPMENT ELECTRONIC SYSTEMS MARKET PCB MARKET bn USD CAGR bn USD CAGR +5.5% +5.2% 3.500 100 90 3.000 +7.4% +6.8% +4.9% 80 +5.8% 2.500 70 2.000 60 50 1.500 40 1.000 30 20 500 10 - 0 2023 2024 2025F 2029F 2023 2024 2025F 2029F Forecast CAGR 2024 - 2029 at 5.5% After weak years, the global PC
Slide 5: Technology Update
TECHNOLOGY UPDATE Embedded Chips / Standard-cells: > 19,000,000 Devices Shipped p² Packs > 1,600,000 Field returns, relative: 0.0 % Field returns, absolute: 0 May 7, 2025 Confidential - circulation and publication subject to prior approval by Schweizer Electronic AG Page 5
Slide 6: Technology Update - HV p² Pack
TECHNOLOGY UPDATE - HV p² PACK DEVELOPMENT GEN 2 AND GEN 3 ON TRACK GEN 3: Ceramic lead frame High voltage isolation Superior heat dissipation GEN 2 HV-SiC 800 V Demonstrator GEN 3 HV-SiC 800 V Theoretical ≥ 1 MW possible Thermal performance and (1000kW, 1360 PS) thermal cycling reliability proven M
Slide 7: Agenda
AGENDA • Highlights 2025 • Financials 2024 • Outlook 2025 • Financials Q1 2025 May 7, 2025 Confidential - circulation and Publication subject to prior approval by SCHWEIZER Page 7
Slide 8: Financials 2024
FINANCIALS 2024 Highest turnover in the company's history - company benefits from successful series launch IN its chip/ GROWTH MIO. EURO RATE embedding technology, which has been successfully integrated into the automotive industry's innovative drive technology. Sales by Region 1% 1% 9% 5% 6% 8% in
Slide 9: Financials 2024
FINANCIALS 2024 Embedded technology led to a further increase (+18,7%) in sales in the automotive market. IN MIO. EURO / GROWTH RATE Sales by Customer Segment 144.5 139.4 131.0 8.1 122.7 11.4 8.7 19.0 6.9 in million EUR 2024 2023 29.1 29.2 34.4 Automotive 117.4 98.9 Industry 19.0 29.1 Others 8.1 11.
Slide 10: Financials 2024
FINANCIALS 2024 Growth strategy confirmed with continued increase in topline. IN MIO. EURO / GROWTH Key Figures RATE in million EUR 2024 2023 Change in % Revenues 144.5 139.4 3.7 EBITDA -0.3 47.4 n/a EBITDA Ratio (%) -0.2 34.0 -34.2pp EBITDA adj. -0.3 8.91) n/a 1) EBITDA Ratio adj. (%) -0.2 6.4 -6.6
Slide 11: Agenda
AGENDA • Highlights 2025 • Financials 2024 • Outlook 2025 • Financials Q1 2025 May 7, 2025 Confidential - circulation and Publication subject to prior approval by SCHWEIZER Page 11
Slide 12: Outlook
OUTLOOK The outlook for 2025 is associated with a disproportionately high level of uncertainty due to global tensions. Actual 2024 Target 2025 Sales 144.5 mill. EUR 130 to 165 mill. EUR EBITDA Margin -0.3 mill. EUR 3 to 8 mill. EUR Working Capital 10.1 mill. EUR 15 mill. EUR Net Gearing 62.8% 200% t
Slide 13: Agenda
AGENDA • Highlights 2025 • Financials 2024 • Outlook 2025 • Financials Q1 2025 May 7, 2025 Confidential - circulation and Publication subject to prior approval by SCHWEIZER Page 13
Slide 14: Financials Q1 2025
FINANCIALS Q1 2025 IN MIO. EURO / GROWTH Order Intake RATE Order Book in million Euro in million Euro 224.9 213.0 221.0 220.4 229.8 48.6 42.8 34.3 21.0 3.4 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 May 7, 2025 Confidential - circulation and publication subject t
Slide 15: Financials Q1 2025
FINANCIALS Q1 2025 Own production / Trading IN MIO. EURO / GROWTH Revenues RATE in million EUR +0.5% 39.2 +14.9% 39.4 Sales increase vs. Q4 2024 14,9% and 35.9 35.1 34.3 vs. Q1 2024 also +0,5% 38% • Sales Volumes movements 42% 54% 65% in Europe (-6,7%) 56% in America (+24.6%) in Asia (+39.5%) compar
Slide 16: Financials Q1 2025
FINANCIALS Q1 2025 The highest revenue quarter in the company's history (Q1 2024) was exceeded IN MIO. EUROonce againRATE / GROWTH in Q1 2025. Key Figures in million EUR Q1 2025 Q1 2024 Change in % Revenues 39.4 39.2 +0.5 EBITDA -1.5 2.1 n/a EBITDA Ratio (%) -3.7 5.2 -8.9pp EBIT -2.8 0.6 n/a EBIT Ra
Slide 17: Q&A
Q&A
Slide 18: Appendix
APPENDIX
Slide 19: Executive Board
EXECUTIVE BOARD Nicolas-Fabian Schweizer Marc Bunz Thomas Gottwald Chief Executive Officer Chief Financial Officer Chief Technology Officer Ass. Jur. Nicolas-Fabian Schweizer Dipl.Kfm. Marc Bunz is member Dipl. Ing (FH) Thomas Gottwald is member of the Board of the Board since April 2010 and is memb
Slide 20: Financial Calendar / IR Contact
FINANCIAL CALENDAR IR CONTACT Date Publication/Event Elisabeth Trik 2025-05-07 Interim Report 1st Quarter 2025 Investor Relations 2025-06-27 Annual General Meeting Schweizer Electronic AG Einsteinstrasse 10 2025-08-08 Financial Report (half-year) 78713 Schramberg 2025-11-07 Interim Report 3rd Quarte
Slide 21: Schweizer Share
SCHWEIZER SHARE Share Price May 2024 – April 2025 Shareholder Structure (March 2025) 140% Family Christoph Schweizer; 22.17% Free Float; 34.32% Family Gerhard 100% Schweizer; 1.07% WUS (Kunshan), Own Shares; China; 19.74% 0.25% 60% Institutional WUS Investors; Taiwan; 2.91% Infineon; 10.16% 9.39% 20
Slide 22: Safe Harbour Statement
SAFE HARBOUR STATEMENT This communication contains forward-looking statements and information – that is statements about events that lie in the future, not the past. These forward-looking statements can be identified by formulations such as “expect”, “wish to”, “anticipate”, “propose”, “plan”, “beli
Slide 23: More than PCBs
= SCHWEIZER MORE THAN PCBs