Roctool Sa · EURONEXT:ALROC
Roctool Sa — Investor Presentation (September 2019)
44 slides from Roctool Sa's investor presentation, September 2019
Slide 1: Investor Presentation Update
Roctool Investor Presentation Update September 2019 COMPANY NAME www.nicecompany.com
Slide 2: Table of contents
Table of contents 3-5 Roctool overview 6-13 Governance & key data 14-18 2018 key events & results 19-27 Overview of customers, sectors, R&I, competition, platforms, IP 28-29 Roctool users in China 30 Why invest in Roctool 31-33 Group organization overview 34-39 Technology advantages 40-43 Technologi
Slide 3: Who are we?
Who are we? A TECHNOLOGY AND MANUFACTURING COMPANY NAME SOLUTIONS PROVIDER. www.nicecompany.com
Slide 4: What is our ambition?
What is our ambition? TO BECOME A NEW MANUFACTURING STANDARD FOR LARGE BRANDS COMPANY NAME IN KEY MARKET SEGMENTS. www.nicecompany.com
Slide 5: We revolutionize fast molding processes
Fast heating of mold surface with induction Fast cooling with water lines Precise temperature control Built with standard steels Works on presses from all manufacturers WE REVOLUTIONIZE FAST MOLDING PROCESSES COMPANY NAME FOR COMPOSITES, PLASTIC INJECTION AND METAL. www.nicecompany.com
Slide 6: Meet our management team
Meet our management team Matt Boulanger (39) José Feigenblum (45) Nicola Gobbo (37) CEO CTO DEPUTY GM Matt joined Roctool in January 2004. He worked at José joined Roctool in June 2002 (shortly after the Nicola joined Roctool in April 2014. After a few years Roctool's head offices in Savoy for ten y
Slide 7: Meet our board
Meet our board Jean-Marie Deméautis Vincent Bazi David Tate Jean-François Zoeller Chairman of the board Director, representing NextStageAM Director, representing Trocadero 2015LP Director, representing Flex Valéry Huot Matt Boulanger José Feigenblum COMPANY NAME www.nicecompany.com Director, represe
Slide 8: Key Facts
Key Facts 190 12 6 7 Patents Staff Proprietary PhD worldwide nationalities technologies degrees 28 88 300 40M Countries Global System Manufactured of sale clients installations parts
Slide 9: Products and services
Products and services PRODUCTS SERVICES Factory supply Factory supply Engineering of the mold (D) Induction heating system (simulations, thermal engineering Generator (A) and computer-aided designs) Controlling unit (B) Chillers (C) And a complete installation automation D Tooling hardware B Install
Slide 10: A strong business model
A strong business model Licenses and royalties LICENSES & 7% of S1 19 revenues ROYALTIES 0.2 m 7% - Licensing agreements on new innovations and technologies SERVICES 22% Products 71% of revenues 2.6 m Services - Induction heating system PRODUCTS - Tooling hardware 22% of revenues 0.8 m 71% - Complet
Slide 11: 2016-2018 key figures
2016-2018 key figures 9,0 8,0 8,0 Revenues 2018 vs. 2014 7,0 6,0 6,4 7,2 +17% CAGR 5,0 Roctool systems delivered 2018 vs. 2014 €m +50% 4,0 4,3 3,8 3,6 CAGR 3,0 2,0 1,0 0,0 2014 2015 2016 2017 2018 S1 2019 6,0 Revenues 4,9 5,0 2016 2017 2018 4,0 3,6 3,7 3,5 3,2 3,3 Feasibilities 250 310 313 127 3,1 €
Slide 12: 2016-2018 revenues
2016-2018 revenues (% for 2019 sales as of May 15th) 9,0 0% 3% 3% 1% 0% 100% 9,0 100% Medical 1% 4% 5% 13% 11% 4% 8,0 0,2 8% 11% 90% 8,0 90% 0,1 0% 31% 28% 31% 0,9 1% 7,0 0,1 0,3 Aerospace 8% 80% 7,0 80% 0,0 0,3 21% 16% 2,2 51% 0,0 19% 0,2 0,5 70% 70% 6,0 0,8 1,7 21% 6,0 1,2 Industrial 60% 2,0 3,6 6
Slide 13: Injection & compression quick analysis
Injection & compression quick analysis Injection Compression o Larger quantity of projects o Less quantity of projects o More pressure on equipment pricing o More budgets available o Less engineering time per project o Other revenues available (e.g. mold, press) o Shorter project length (with the ex
Slide 14: S1 2019 key events
S1 2019 key events March June JEC World, confirming lot of interest from the composite industry for INCOE Platform Launch / in Detroit: New partner to show Roctool Roctool technology / still working on leads to generate a ROI technology perfectly located in Detroit (with support of our new business
Slide 15: Roctool Shanghai
Roctool Shanghai The biggest A skilled team The largest Roctool investment in Roctool of 10 people facility history including Roctool sqm located in Shanghai CTO
Slide 16: Roctool Shanghai
Roctool Shanghai The latest technologies Standard Injection molding IDH / Arburg compression machine Complete hybrid With high heat 600 tons KM molding system capabilities
Slide 17: Roctool Shanghai video
Roctool Shanghai Video https://youtu.be/n60KUUAVaNE
Slide 18: S1 2019 results
S1 2019 results Assets 30-Jun-19 31-Dec-18 ∆ Note 30/06/2019 30/06/2018 ∆ Uncalled capital Goodwill Revenues 6.1 3 602 032 3 491 744 3% Intangible assets 1 751 560 1 754 182 0% Capitalized production, provisions write-back, grants, etc. 6.2 358 650 499 158 -28% Tangible assets 975 045 961 927 1% Tot
Slide 19: Three types of customers
Three types of customers Major global Subcontractors brands (17%) (65%) Main target of our strategy: they are a priority for us as direct Our main customers and they serve the OEMs decision makers Main stakeholders Sales in our industry (18%) channels - Mould makers that integrate our engineering in
Slide 20: Customer decision process
Customer decision process Purchase Purchase Trials / order system Initial contact NDA Feasibility Quote order Quote leasing & development components # of months 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 electronic and consumer product applicat
Slide 21: Project steps
Project steps Total cumulated NDA Feasibility Trials Engineering Mold 1st system Multi Production Multi manufacturing system production customers Customer # customers with multiple systems and 8 1 8 2 3 4 6 5 7 multiple projects in production 8 9 10 customers with multiple systems and 17 11 12 13 14
Slide 22: Sectors
Sectors Electronics (23%) Cosmetics (4%) Automotive (33%) Energy (4%) Consumer products (26%) Medical (4%) Aerospace (2%) Sport & Leisure (4%) N.B. % average total revenues 2017 & 2018
Slide 23: Research & Innovation
Research & Innovation Adaptation of Roctool technologies to new processing methods and new materials (R&I investment roughly 5% of sales) 1st sales realized Light Induction Composite molding Induction Dual Hybrid plastic injection Composite molding Thyxomolding Metal Amorphous alloys Blow molding In
Slide 24: A disruptive technology
A disruptive technology High performance Direct competitors - An established market dominated by the use of conventional moulding technologies that do not use Heat and Cool technology and with/without the use of secondary operations such as IML (In-Mould Labelling), IMD (In-Mould Decoration), or pai
Slide 25: A disruptive technology
A disruptive technology Roctool solutions PRESSURISED HOT STEAM CERAMIC ELECTRIC WATER CARTRIDGES Up to 25°C Up to 10°C Up to 10°C Up to 20°C Up to 6°C HEATING SPEED per sec. per sec. per sec. per sec. per sec. No None MAXIMUM TEMPERATURE 160° 180° 350°C limit limit ENERGY CONSUMPTION Low Average Av
Slide 26: Roctool platforms
Roctool platforms Existing platforms fully equipped with Roctool technology ROCTOOL OTHER PLATFORMS
Slide 27: Intellectual property
Intellectual property 100% owned by Roctool S.A. 22 190 Know-How 2D AND 3D THERMAL SIMULATION Patent Patents families filings ELECTROMAGNETIC INDUCTION SIMULATION TOOL DESIGN MOLDING PROCESS OPTIMIZATION HEAT AND COOL PROCESS PARAMETERS 22 50% FLOW ANALYSIS Of patents SURFACE QUALITY IMPROVEMENTS Co
Slide 28: Increasing Roctool users in China
Increasing Roctool users in China List of manufacturers equipped with Roctool systems 2011 1 2 Equipped and in production 2017 3 4 5 6 7 8 Equipped and in development/evaluation Equipped and in 2018 9 10 11 12 development/evaluation 2019 13 14 Final decision stage 15 16 17 18 19 In discussions
Slide 29: Roctool Shanghai to reach top US brands
Roctool Shanghai to reach top US brands Extend sourcing possibilities Ongoing for top OEM to sourcing ease projects discussions awards decisions with top OEM Design Approach Ability to in the US and EUR demonstrate and Supplier local presence Approach in China / Taiwan
Slide 30: Why invest in Roctool
Why invest in Roctool High potential for growth 01. and solid capabilities to capture value Roctool revolutionizes rapid molding processes 02. for composites, plastic injection and metal Technology and process protected 03. by over 22 patent families over 22 countries Important potential of the addr
Slide 31: Shareholders
Shareholders Not diluted, as of September 2019 Aesope Trusteam Company Others Floating 1% 1% employees 2% 1% SWEN CP 2% (NextStage) 2% Troismer NextStage AM 3% 33% LBO France SWEN CP 3% (Jupiter Secondaire) 4% Inocap 6% Siparex / Phoebus 9% Flex 9% Trocadero 2015 A Plus Finance LP 13% 11%
Slide 32: Roctool group
Roctool group Roctool S.A. Le Bourget du Lac, France 100% Roctool Technology Shanghai 100% Shanghai, China Roctool Inc Charlotte, US 100% Roctool KK Tokyo, Japan 100% Roctool GmbH Heitersheim, Germany 100% Roctool Taiwan Ltd Taipei, Taiwan
Slide 33: Organization
Organization Mathieu Boulanger José Nicola Gobbo Feigenblum Admin.& Program & Engineering Sales Admin.& Program & Engineering Admin.& Program & Sales finance (4 p.) process (4 p.) (7 p.) (4 p.) finance (2 p.) process (4 p.) (5 p.) finance (1 p.) process (4 p.) (2 p.) R&I Systems Marketing Systems (5
Slide 34: The finest plastic surface
The finest plastic surface REDUCE SECONDARY OPERATIONS ELIMINATE VISUAL DEFECTS UNPARALLEL SURFACE QUALITY UNLIMITED SURFACE DESIGN PRECISE SURFACE REPLICATION FLOW LENGTH INCREASE THIN WALL APPLICATION
Slide 35: Automotive applications advantages
LAZER FINISHES 2K AUTOMATED MATT & FUNCTIONAL NO PAINT PROCESS GLOSS / NO PAINT TEXTURE Automotive applications advantages COMPANY NAME www.nicecompany.com NO NO NO MORE PAINT PAINT FLOW MARKS
Slide 36: Electronics & consumer products advantages
INTENSE FIBER REINFORCED NO THIN BLACK / NO PAINT NO PAINT PAINT WALL Electronics & consumer products advantages MOLD INCOMPANY NAME GENUINE www.nicecompany.com A CLASS COLOR FINISH TP CARBON
Slide 37: Transportation applications advantages
Transportation applications advantages A CLASS COMPANY NAME TP CARBON www.nicecompany.com TP SEAT TP CARBON FRAME STRUCTURE
Slide 38: Other applications advantages
Other applications advantages ELECTRONIC E-CIGARETTES NO COMPANY NAME HIGH HEAT www.nicecompany.com TP AND PAINT OVER MOLDING NATURAL FIBERS
Slide 39: Sustainable Material Solutions
Sustainable Material Solutions Roctool Technology makes it possible BIO SOURCED ABS RECYCLED PLASTIC & RESINS COMPOSITES + Other reycled resins Cork / Wood / Linen / has been tested Bamboo / Stone / including PP / PP+wood Banana / Paper / / PP+shell / Durabio + Up to now we have Cellulose base mater
Slide 40: Plastic injection
Plastic injection Video https://youtu.be/01z6jQ0DZ2c
Slide 41: Compression
Compression Video https://youtu.be/jC2nbS4cvpg
Slide 42: LIT Light Induction Tooling
LIT Light Induction Tooling Video https://youtu.be/j8LyVaCYR3c
Slide 43: IDH Induction Dual Heating
IDH Induction Dual Heating Video https://youtu.be/xcUvWti93XQ
Slide 44: COMPANY NAME www.nicecompany.com
COMPANY NAME www.nicecompany.com