Pva Tepla Ag · XETR:TPE
Pva Tepla — Investor Day (May 2024)
106 slides from Pva Tepla's investor day presentation, May 16, 2024
Slide 1: Welcome to Wettenberg!
WELCOME TO WETTENBERG! 1
Slide 2: Today's Agenda
TODAY‘S AGENDA 10.30 | STRATEGY 2028 11.30 | COFFEE BREAK 11.45 | TECH & ESG TOUR, PART I 12.45 | LUNCH AT OUR CAFETERIA 13.30 | TECH & ESG TOUR, PART II 14.50 | COFFEE BREAK & TECH QUIZ 15.15 | ORGANIZATION & FINANCIALS 16.30 | END OF EVENT 2
Slide 3: Today's Speakers
TODAY‘S SPEAKERS MEET OUR TEAM OF EXPERTS JALIN KETTER PETER CZURRATIS JAN PFEIFFER UDO BROICH MICHAEL SCHUBERT CEO METROLOGY TECHNOLOGY HUB MATERIAL SOLUTIONS ESG ELKE KLEEMANN MARKUS MAIER HARI POLU DENNIS SEIBERT MARLENE DEITERSEN FINANCE LASER & VPD ULTRASOUND CRYSTAL GROWING ESG 3
Slide 4: PVA TePla at a Glance
PVA TEPLA AT A GLANCE HIGH-TECH SOLUTIONS COMBINED WITH AN ASSET LIGHT MODEL Experienced, Product portfolio Strong organic Well-positioned in Asset-light critical enabler for of state-of-the-art, growth story, key markets and business model high-tech material industry-leading which will be regions t
Slide 5: Global Reach with Strategic Presence
GLOBAL REACH WITH STRATEGIC PRESENCE WORLDWIDE PRESENCE FACILITATES OUR GROWTH PLANS Europe USA China Europe Korea Taiwan Germany HQ Singapore France Italy 5
Slide 6: How We Have Evolved
HOW WE HAVE EVOLVED 2024 Foundation of WITH ORGANIC AND M&A-BASED Technology Hub as R&D Thinktank GROWTH, PVA TEPLA HAS BECOME ONE OF THE GLOBAL LEADING 2022 SYSTEM ENGINEERING COMPANIES Market entry: Korea Acquisition: Coating & Infiltration 2016 Synthesis Market entry: China 2007-12 (Semiconductor
Slide 7: A Technology Leader Present in Everyday Life
A TECHNOLOGY LEADER PRESENT IN EVERYDAY LIFE 7
Slide 8: We Can Already Be Found in Many Areas of Our Day-to-Day Lives
WE CAN ALREADY BE FOUND IN MANY AREAS OF OUR DAY-TO-DAY LIVES… 8
Slide 9: And Are Successfully Stepping into New Sectors
… AND ARE SUCCESSFULLY STEPPING INTO NEW SECTORS 9
Slide 10: Strategy 2028
TARGET: STRATEGY 2028 DOUBLING SALES TO GROWING INTO BALANCED REVENUE STREAMS € 500 MILLION BY 2028 Technology Split Growth Drivers Regional Split North America Metrology Decarbonization + Asia Mobility + Digitization Material Solutions Europe INVESTING IN INNOVATION AND STRATEGIC ORGANIZATIONAL DEV
Slide 11: Growth Strategy
GROWTH STRATEGY OUR PILLARS OF STRATEGIC DEVELOPMENT 11
Slide 12: Products
mo Ss. VV PRODUCTS
Slide 13: Our Broad Portfolio of Innovative Solutions
OUR BROAD PORTFOLIO OF INNOVATIVE SOLUTIONS LEVERAGING SYNERGIES ACROSS INDUSTRIES AND MARKETS MATERIAL SOLUTIONS Synthesis Joining Refining Surface Treatment METROLOGY Acoustic Metrology Chemical Metrology Optical Metrology 13
Slide 14: Markets
¢ MARKETS
Slide 15: Digitization Mobility Decarbonization
DIGITIZATION MOBILITY DECARBONIZATION 15
Slide 16: Revenue Segment Split
REVENUE SEGMENT SPLIT STRONG GROWTH FROM MEGATRENDS PVA TePla Revenue Segment Split 2023 in % Sales in the Semiconductor segment mainly 27% 2023:28% driven by Digitization Sales in the Industrial segment are primarily 73% 2023: 72% driven by the megatrends Mobility and Decarbonization Semiconductor
Slide 17: The Semiconductor Market
THE SEMICONDUCTOR MARKET HOW PVA TEPLA IS INVOLVED IN THE MANUFACTURING PROCESS MATERIAL SOLUTIONS Synthesis: Si and SiC as base material for wafers and semiconductors Joining: Diffusion bonding (functional components with complex structures) Refining: Graphite purification (increasing life cycle of
Slide 18: Deeply Embedded at Key Stages of the Semiconductor Value Chain
DEEPLY EMBEDDED AT KEY STAGES OF THE SEMICONDUCTOR VALUE CHAIN PROVIDING LEADING SYSTEMS AND SOLUTIONS IN SYNTHESIS, JOINING, REFINING, SURFACE TREATMENT AND METROLOGY RIE DRIE Underflill CMP SiC Wafer Die Powder Epitaxie Lithography Electroplating Packaging Dicing Bonding Crystal Metrology Plasma M
Slide 19: A Closer Look: The Semiconductor Market
A CLOSER LOOK: THE SEMICONDUCTOR MARKET SIGNIFICANT GROWTH IN RELEVANT HIGH-TECH SEGMENTS Sector Split 2023 Sector Split 2030 $ billion $ billion 60 Wired communication 95 50 Consumer electronics 350 167 60 130 Industrial electronics 74 Automotive electronics Wireless communication 104 79 150 Comput
Slide 20: PVA TePla and: Mobility
PVA TEPLA AND: MOBILITY PROVIDING KEY COMPONENTS FOR THE MOBILITY OF TODAY AND TOMORROW AUTOMOTIVE AEROSPACE MATERIAL SOLUTIONS Synthesis: MATERIAL SOLUTIONS Si and SiC semiconductors (power modules, sensors) Powder synthesis (base material for batteries) Synthesis: CMC (Ceramic Matrix Composites) f
Slide 21: E-Mobility
E-MOBILITY PVA TECHNOLOGY IN KEY COMPONENTS FOR THE GROWING EV MARKET With over 3,000 chips, the average EV has 5-6x as many chips as cars with internal combustion engines (ICE) LiDAR (AUTONOMOUS DRIVING) SENSORS Si, SiC and GaAs crystal growth | Si, SiC and GaAs crystal Acoustic metrology growth |
Slide 22: Strong Growth of Electric Vehicles
STRONG GROWTH OF ELECTRIC VEHICLES ADDITIONAL POTENTIALS FROM AUTONOMOUS DRIVING AND HYDROGEN VEHICLES Development of Electronic Vehicle Share 2023 2030 in % in % Share of electronic vehicles to grow 12 almost threefold by 2030 with a global 33 market growth from $ 623 billion in 2024, $ 907 billion
Slide 23: PVA TePla and: Decarbonization
PVA TEPLA AND: DECARBONIZATION ENABLING THE ENERGY TRANSITION H₂ DISTRIBUTION GENERATION ENERGY EFFICIENCY STORAGE 23
Slide 24: PVA TePla and: Decarbonization
PVA TEPLA AND: DECARBONIZATION GLOBAL INVESTMENTS ON THE RISE IN MULTIPLE SECTORS We see a significant and steady rise of global investments in decarbonization projects – from energy generation to its distribution and storage. Examples include: H₂ Installed capacity Clean hydrogen Nuclear energy Rev
Slide 25: Energy Generation
ENERGY GENERATION POTENTIAL TECHNOLOGY APPLICATIONS IN ATTRACTIVE NEW MARKETS Synthesis and metrology for SiC-based power modules GENERATION H₂ Joining of components for hydrogen hydrolysis Synthesis (coating of nuclear fuel materials) Powder synthesis as basis for battery production and capacitator
Slide 26: Regions
® REGIONS
Slide 27: Focus on: Europe
FOCUS ON: EUROPE COMBINING HIGH-TECH PRODUCTION WITH CONTINUOUS INNOVATION STATUS QUO FUTURE DEVELOPMENT Europe houses most Focus on strengthening facilities for manufacturing our R&D capabilities, high-tech materials and e.g. through the new products Technology Hub The region is also the Strengthen
Slide 28: Focus on: Asia
FOCUS ON: ASIA SOLIDIFYING OUR STRONG FOOTPRINT STATUS QUO FUTURE DEVELOPMENT Reactive, opportunist Establish a systematic approach to new business and structured approach Some markets have local to all regional markets by sales and service teams Korea increasing local service that can work independ
Slide 29: Focus on: North America
FOCUS ON: NORTH AMERICA STRATEGICALLY UNLOCKING A NEW GROWTH MARKET STATUS QUO FUTURE DEVELOPMENT Reactive, opportunist Establish a systematic and approach to new business structured market approach Minor production facilities by identifying key customers for metrology and plasma and their needs, in
Slide 30: Regions: Growing into Balanced Revenue Streams
REGIONS GROWING INTO BALANCED REVENUE STREAMS North America Asia Europe ESTABLISHING A NEW EQUILIBRIUM BETWEEN OUR KEY REGIONAL MARKETS 30
Slide 31: Innovation
INNOVATION
Slide 32: Innovation Will Continue to Be a Major Driver of Our Business
INNOVATION WILL CONTINUE TO BE A MAJOR DRIVER TODAY‘S AGENDA OF OUR BUSINESS We continue to allocate substantial funds into R&D and improve innovation management to become … faster more integrated more flexible more synergetic 32
Slide 33: PVA Technology Hub
PVA TECHNOLOGY HUB TRANSFORMING CUTTING-EDGE RESEARCH INTO INDUSTRIAL APPLICATIONS Initiated in 2023 as a continuation of the company’s evolution from a pure systems supplier to a comprehensive solutions provider Strengthening R&D capacities to be equipped for future materials Strong focus on synerg
Slide 34: PVA TePla Technology Hub
PVA TEPLA TECHNOLOGY HUB OUR NEW R&D CENTER 34
Slide 35: Taking Advantage of Fast-Growing New Markets
TAKING ADVANTAGE OF FAST-GROWING NEW MARKETS WHY WE ACCELERATE OUR FOCUS ON R&D Driving innovation is the key component of the future success of any industrial society and creates new opportunities for: Achieving climate neutrality The digital transition The circular economy Healthy food systems and
Slide 36: The Story So Far
THE STORY SO FAR LEVERAGING OUR INNOVATION AND ENGINEERING TRACK RECORD PVA TePla has always employed bright minds in its business units who conducted leading research to solve specific customer IN SHORT: problems. So far, R&D at PVA TePla solved individual customer problems. Now we pursue a However
Slide 37: Mission Statement
MISSION STATEMENT THE WORLD’S ONLY INSTITUTION OF ITS KIND The Technology Hub strategically builds an R&D pipeline by transforming cutting-edge research into industrial applications in the shortest time possible through the systematic integration of our technologies. 37
Slide 38: Centralizing Our Innovation Expertise
CENTRALIZING OUR INNOVATION EXPERTISE THE BUSINESS CASE OF THE TECHNOLOGY HUB OUR NEW CENTER OF INNOVATION Founded in Q1 2024 to bridge the gap between fundamental research and industrial applications Bundles R&D capacities by leveraging synergies from PVA TePla’s strong R&D ecosystem to create new
Slide 39: Organizational Overview
ORGANIZATIONAL OVERVIEW STAFF, STRUCTURE, SOLUTIONS STAFF STRUCTURE SOLUTIONS Led by Materials Engineer Working across business We develop solutions that Dr.-Ing. Jan Pfeiffer, who segments to methodically help users maximize the has already established a identify new materials and potential of PVA
Slide 40: Our Integrated Approach to New Technologies
OUR INTEGRATED APPROACH TO NEW TECHNOLOGIES PROVIDING COMPREHENSIVE TECHNOLOGY SETUPS 1 TECHNOLOGY & MATERIAL SCIENCE New industrial processes require extensive theoretical and experimental groundwork. Using both original research and input from our technology segments, we meticulously test new mate
Slide 41: Technology Hub Service Portfolio
TECHNOLOGY HUB SERVICE PORTFOLIO PVA TEPLA AS TECHNOLOGY PARTNER PLANT PROCESS R&D DESIGN INDUSTRIALIZATION ENGINEERING INTRODUCTION Implementation Development and Identification of established qualification In-house capacity, of suitable Materials & processes after of processes, process sampling te
Slide 42: Development
DEVELOPMENT The Technology Hub is working intensively on comprehensive technology solutions. One of the early projects is Silicon Carbide. This material of the future offers numerous advantages in high-performance applications, such as those required for 5G networks or the digitization of industrial
Slide 43: Focus on Silicon Carbide
FOCUS ON SILICON CARBIDE THE NEXT GENERATION MATERIAL BENEFITS OF SILICON CARBIDE Reduced power losses, thus saving energy Higher heat resistance Greater efficiency for all energy transfer applications RELEVANT PVA TECHNOLOGIES Material Synthesis Metrology Refining 43
Slide 44: Silicon Carbide Production Process
SILICON CARBIDE PRODUCTION PROCESS OUR CAPABILITIES AT THE TECHNOLOGY HUB 1 2 3 4 5 BASE PREPARATORY CRYSTAL CRYSTAL ANALYSIS AND MATERIALS STEPS GROWING PROCESSING QUALITY 10 fully equipped Diamond grinding Established testing crystal growing machines for equipment > 100m² laboratory systems grindi
Slide 45: Deep Dive: Silicon Carbide Production Process
DEEP DIVE: SILICON CARBIDE PRODUCTION PROCESS FROM POWDER TO WAFER PVT Growth (physical vapor Grinding Wafering transport) SiC powder SiC Boule Puck Wafer Orientation Values: Temperature: 1,800–2,600 °C Pressure range: 1 mbar Growth period: 6 to 20 days PVA Carrier gas: e.g. Ar SiCma 45
Slide 46: Project Silicon Carbide
PROJECT SILICON CARBIDE PROJECTED TIMETABLE Parallel developments: 2026-28 Powder synthesis Continuous yield improvements in Qualification of PVA metrology systems terms of quality and size Improvement of crystal growing equipment Boule annealing 2026 50% reduced defect density (6”) 2025 Q2 2024 Q4
Slide 47: Looking Ahead: The Technology Hub in 2028
LOOKING AHEAD THE TECHNOLOGY HUB IN 2028 LAB SPACE & STAFF We will house more than 500 m² of laboratory space in Wettenberg and expect to double our staff to 30 FTE by 2026. NEW MATERIALS We already added new projects beside Silicon Carbide and are currently in the phase of identifying the most prom
Slide 48: Metrology
METROLOGY INDUSTRY-LEADING SOLUTIONS FOR QUALITY ASSURANCE 48
Slide 49: Mission Statement
MISSION STATEMENT INDUSTRY-LEADING METROLOGY SOLUTIONS Increasingly complex production methods for high-tech applications require disproportionately more metrology. With our industry-leading systems, we enable our customers to perform on a reliably consistent high level of quality. 49
Slide 50: The Markets We Serve
THE MARKETS WE SERVE WE HAVE SUCCESSFULLY DIVERSIFIED OUR CLIENT BASE SEMICONDUCTORS E-MOBILITY OPTOELECTRONIC RENEWABLE INDUSTRY ENERGIES ELECTRICAL AVIATION INDUSTRY / HIGH POWER ELECTRONICS 50
Slide 51: Portfolio of Innovative Solutions
PORTFOLIO OF INNOVATIVE SOLUTIONS METROLOGY SOLUTIONS FOR ALL ASPECTS OF MODERN INDUSTRY Acoustic Metrology Chemical Metrology Optical Metrology 51
Slide 52: Acoustic Metrology
ACOUSTIC METROLOGY ULTRASOUND – NON-DESTRUCTIVE METHOD TO DETECT CAVITIES, VOIDS, BUBBLES, INCLUSIONS AND DELAMINATIONS Major Drivers Growing market demand for high-performance components within areas like advanced packaging, hybrid bonding, and e-mobility Increasing requirements for non-destructive
Slide 53: Chemical Metrology
CHEMICAL METROLOGY VAPOR PHASE DECOMPOSITION IS A HIGH-PRECISION METHOD TO IDENTIFY CONTAMINATIONS IN SEMI-WAFERS Major Drivers Growing market demand for high-performance Silicon wafers Higher requirements on contamination sensitivity Silicon Carbide and new wafer materials Our Values Best-in-class
Slide 54: Optical Metrology
OPTICAL METROLOGY LASER – PHOTO-ELASTIC CHARACTERISATION OF SEMICONDUCTOR WAFERS AND DEVICES Major Drivers Growing market demand for high-performance Silicon wafers Use of new materials within the semiconductor value chain Our Values High level of precision in wafer stress and defect detection High
Slide 55: Our Competitive Edge
OUR COMPETITIVE EDGE HIGH-TECH SOLUTIONS THAT CREATE VALUE FOR OUR CUSTOMERS HIGH-TECH PRODUCTS Our product portfolio comprises leading and critical metrology solutions for the semiconductor and other industrial manufacturing processes – with high resolution rates, speed, and accuracy. EXPERIENCE &
Slide 56: Material Solutions
MATERIAL SOLUTIONS GENERATING AND PROCESSING HIGH- TECH MATERIALS 56
Slide 57: Mission Statement
MISSION STATEMENT WE ARE A CRITICAL MATERIAL SCIENCE FACILITATOR We provide cutting-edge equipment and process technology for complex and highly sophisticated materials and materials combinations that shift the boundaries of technological capabilities. 57
Slide 58: The Markets We Serve
THE MARKETS WE SERVE WE HAVE SUCCESSFULLY DIVERSIFIED OUR CLIENT BASE SEMICONDUCTORS E-MOBILITY OPTOELECTRONIC RENEWABLE INDUSTRY ENERGIES ELECTRICAL OIL & GAS INDUSTRY / HIGH POWER ELECTRONICS AVIATION 58
Slide 59: Product Portfolio
PRODUCT PORTFOLIO HIGH-TECH SYSTEMS PRODUCING THE TOOLS FOR TRANSFORMATION Synthesis Joining Refining Surface Treatment ▪ Crystal growing ▪ Passivation ▪ Chemical Vapor ▪ Purification ▪ Diffusion bonding ▪ Activation Deposition/Infiltration ▪ Heat treatment ▪ Brazing ▪ Cleaning / stripping ▪ Sinteri
Slide 60: Joining
JOINING SOLUTIONS FOR BONDING AND BRAZING Leading edge systems for the creation of highly sophisticated joining bonds for highest demands Diffusion bonding furnace with innovative multi-pillar pressing device and high-precision sensoric system for highest process control, optionally equipped with sm
Slide 61: Refining
REFINING SOLUTIONS FOR PURIFICATION Thermo-chemical reactor for the purification of graphites to achieve highest-quality semiconductor standards Ultra high-temperature furnace (> 2200°C) with halogen gas application including base process, that fulfills highest safety standards and most efficient pr
Slide 62: Synthesis
SYNTHESIS SOLUTIONS FOR HIGH-TEMPERATURE CERAMIC MATERIALS SYNTHESIS Chemical vapor deposition system for high corrosion and wear-resistant ceramic materials (CVD, CVI) Thermo-chemical reactor with precursor gas application, including base process as comprehensive technology setup for Carbide synthe
Slide 63: Synthesis
SYNTHESIS SOLUTIONS FOR POWDER SYNTHESIS Fluidized bed reactors for industrial scale production of synthetic graphite powder Customized reactors with scalable working capacity for high-volume production that fulfill highest safety standards and process repeatability Key products and applications Ano
Slide 64: Deep Dive Crystal Growing: More Than Just Silicon
DEEP DIVE CRYSTAL GROWING MORE THAN JUST SILICON Providing highly reliable crystal growth systems for the creation of various kinds of crystal materials from Silicon to complex compound materials that enable the technologies of the future. 64
Slide 65: Deep Dive Crystal Growing Systems
DEEP DIVE CRYSTAL GROWING SYSTEMS OVERVIEW OF TECHNOLOGY PORTFOLIO TECHNOLOGY Czochralski Pullers Physical Vapor Vertical Gradient Floating Zone SOLUTIONS (CZ) Transport Furnaces Freeze Systems Systems (PVT) (VGF) (FZ) Wide bandgap Indium Phosphite, PRODUCT Semi-grade Silicon High-Purity Silicon mat
Slide 66: Crystal Growing Systems: Megatrend Digitization
DEEP DIVE CRYSTAL GROWING SYSTEMS MEGATREND DIGITIZATION Artificial Intelligence Artificial intelligence as current major driver for further development and demand for Silicon wafers for logic and memory chips. Czochralski Crystal Puller Vertical Gradient Freeze Furnace High-end lithography tools re
Slide 67: Crystal Growing Systems: Megatrends Mobility and Decarbonization
DEEP DIVE CRYSTAL GROWING SYSTEMS MEGATRENDS MOBILITY AND DECARBONIZATION Green E-Mobility Energy For decarbonization and the connected field of e-mobility, two key factors are energy efficiency and fast-charging capabilities. Physical Vapor Transport Furnace Floating Zone Crystal Puller These requi
Slide 68: Crystal Growing Systems: Additional Applications
DEEP DIVE CRYSTAL GROWING SYSTEMS ADDITIONAL APPLICATIONS Medical & Health Apart from the megatrends digitization, mobility, and decarbonization, crystal growth is also highly relevant in other fields, for instance in the field of medical and health. Vertical Gradient Freeze Furnace Physical Vapor T
Slide 69: Crystal Growing Systems: Next Generation Substrates
DEEP DIVE CRYSTAL GROWING SYSTEMS NEXT GENERATION SUBSTRATES We closely follow the trends to identify Based on their special characteristics, there are new applications for existing materials several materials that have the potential to become or new materials that are on the verge key materials for
Slide 70: Our Competitive Edge
OUR COMPETITIVE EDGE HIGH-TECH PRODUCTS, EXPERIENCE, AND CUSTOMER CENTRICITY HIGH-TECH PRODUCTS Our portfolio comprises leading technology solutions for every part of the modern industrial manufacturing process – from the production to the cleaning, purification, and coating of a host of different m
Slide 71: ESG: Our Approach to Sustainability
Markets and R&D Environment Social Governance ESG OUR APPROACH TO SUSTAINABILITY 71
Slide 72: Agenda
AGENDA MEET PVA TEPLA’S ESG TEAM AND ITS MISSION FOCAL POINTS IN THE SUB-AREAS M,E,S AND G 72
Slide 73: Meet PVA TePla's ESG Team
MEET PVA TEPLA’S ESG TEAM WE BUILT UP A YOUNG AND STRONG TEAM MICHAEL MARLENE KIRA JOHANNA TOBIAS SCHUBERT DEITERSEN BUCH BUCHENAUER REINECKE Head of Sustainabiliy Junior Sustainability Junior Sustainability Junior Risk & Sustainability Manager Manager Manager Compliance Manager 01.01.2014 01.11.202
Slide 74: Our Mission in an ESG Context
OUR MISSION IN AN ESG CONTEXT CLEAR FOCUS ON INNOVATION AND APPRECIATION With innovation! Through appreciation! To success! Markets and R&D Social We diversify into markets that We foster an appreciative make a difference towards a corporate culture that more sustainable world. motivates our employe
Slide 75: ESG Strategy Cornerstones
ESG STRATEGY CORNERSTONES COMMITTED TO SUSTAINABILITY – Reduce greenhouse gas emissions and pollutants – Focus on reducing, reusing, and recycling waste, supporting a circular economy – Focus on markets and products for energy efficiency and better environmental performance performance – Develop inn
Slide 76: Agenda
AGENDA MEET PVA TEPLA’S ESG TEAM AND ITS MISSION FOCAL POINTS IN THE SUB-AREAS M,E,S AND G 76
Slide 77: Markets, Research & Development
MARKETS, RESEARCH & DEVELOPMENT CONTRIBUTING TO A MORE SUSTAINABLE WORLD THROUGH R&D We respond to rapid We enable modern We develop highly technological progress mobility solutions to innovative solutions and an ever-increasing make the transportation for the generation, number of applications of p
Slide 78: Markets, R&D: Examples of R&D Projects
MARKETS, RESEARCH & DEVELOPMENT EXAMPLES OF R&D PROJECTS System for brazing Brazing technique Crystal growing systems high-voltage switchgears for ceramic substrates used in the development in the power distribution as circuit carriers for of high-tech chips of wind farms, replacing high-performance
Slide 79: Environment
ENVIRONMENT ON TRACK WITH OUR CARBON NEUTRALITY GOAL FOR SCOPE 1 AND 2 -78.4% Our sales increase ~20% (CAGR 21-24) from 22.3 155,7 EURm to expected 270 to 290 in 2024 Despite this strong growth we reduce our Scope 1 and 16.2 Scope 2 emissions since 2021 from 3,473 tons CO2 equivalent to 2,479 tons i
Slide 80: Environment: Expansion of Photovoltaic Systems
ENVIRONMENT Carport EXPANSION OF PHOTOVOLTAIC SYSTEMS Wettenberg Roof and wall We are here Jena Roof Roof Investment: Carport € 1.7 million New installed power: ~1.300 kWp ~1.300 mWh pa Roof existing Share of solar power in total PV systems consumption: coming PV systems ~ 20% Roof Roof CO2 avoidanc
Slide 81: Social
SOCIAL WE AIM FOR APPRECIATION, EMPLOYEE SATISFACTION, AND DIVERSITY Diversity Employee satisfaction Appreciation Every employee KPI development Gender Cultural contributes to the diversity success of the company KPI by creating a respectful Employee survey and equal working environment. Demography
Slide 82: Financial Performance and Organization
FINANCIAL PERFORMANCE AND ORGANIZATION Capital Markets Day 2024 82
Slide 83: Mid-Term Goal: Doubling Sales by 2028
MID-TERM GOAL: DOUBLING SALES BY 2028 STEERING THE WHOLE GROUP INTO SUSTAINABLE GROWTH Product Material Solutions Portfolio Metrology Markets Digitization and Mobility SALES TARGET: Trends Decarbonization EUR 500 Europe Region Asia MILLION North America People Organizational structure for R&D sustai
Slide 84: Agenda
AGENDA FY 2023 AND Q1 2024 HIGHLIGHTS BUILDING ON A STRONG TRACK RECORD ORGANIZATION PERSPECTIVES 84
Slide 85: Very Successful Year 2023
VERY SUCCESSFUL YEAR 2023 STRONG GROWTH Sales, EBITDA and EBITDA-Margin at all time high Order Intake Sales High double digit growth rate in last 2 years EUR 221.8 m EUR 263.4 m Guidance exceeded again Order intake at a sound level with further ↘️ 5.6% ↗ 28.4% diversification of order book and broad
Slide 86: Highlights Q1
HIGHLIGHTS Q1 GOOD START INTO 2024 All in all on track towards guidance 5% growth in revenue Margin improvement on track Metrology business with strong growth in Q1 Higher investment level: Capex at EUR 3.7 m with focus on property and building Tech Hub fully established 86
Slide 87: Starting into 2024 with Strong Momentum
STARTING INTO 2024 WITH STRONG MOMENTUM KEY FIGURES Q1 2024 Gross Profit EBITDA EBIT [EURm] [EURm] [EURm] +12% +21% +28% 18.7 16.7 8.7 7.0 7.2 5.5 (margin) 28.6% 30.4% (margin) 12.3% 14.2% (margin) 9.4% 11.4% Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024 87
Slide 88: Group Sales Q1 2024
GROUP SALES Q1 2024 START INTO THE FY IN LINE WITH EXPECTATIONS Year on Year Segment Split [EURm] [EURm] +5% 61.4 58.5 Increasing share of metrology systems 27% We become less dependent on 2023:28% specific sector cycles by generating revenue from a 73% variety of sectors 2023: 72% Q1 2023 Q1 2024 S
Slide 89: Order Intake Q1 2024
ORDER INTAKE Q1 2024 REFLECTS TEMPORARY WEAKNESS OF THE SEMICONDUCTOR INDUSTRY Year on Year Region [EURm] [EURm] Order intake at EUR 42.3 m, strong demand from North America decarbonization and mobility, 61.7 Asia semiconductor remains weak 22% Well diversified order book: 42.3 32% Asia 32%, Germany
Slide 90: Financial Guidance
FINANCIAL GUIDANCE SHORT-TERM GUIDANCE CONFIRMED 2024/2025 FY2024 sales target between EUR 270 m and EUR 290 m with earnings before interest, tax, depreciation and amortisation (EBITDA) ranging from EUR 47 m to EUR 51 m 2025 is expected to continue to grow at a similar level 90
Slide 91: Agenda
AGENDA FY 2023 AND Q1 2024 HIGHLIGHTS BUILDING ON A STRONG TRACK RECORD ORGANIZATION PERSPECTIVES 91
Slide 92: PVA 5-Year Performance
PVA 5-YEAR PERFORMANCE SUSTAINABLE TRACK RECORD OF GROWTH Order Backlog Development Sales Development [EURm] [EURm] - Semiconductor Systems - Industrial Systems 77.4 59.5 324.3 283.3 278.3 37.9 45.2 45.6 186.1 170.6 145.7 125.0 117.9 85.8 91.4 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 92
Slide 93: PVA 5-Year Performance
PVA 5-YEAR PERFORMANCE SOLID PROFITABILITY DRIVEN BY WELL-MANAGED COST BASE Cost Ratios Development EBITDA Development [in % of Revenues] [EURm] 41.5 100 90 80 30.0 70 R&D % 60 22.7 23.0 S&D % 50 Admin % 16.2 40 COGS % 30 12.4% 16.6% 14.8% 14.6% 15.8% 20 10 0 2019 2020 2021 2022 2023 2019 2020 2021
Slide 94: Agenda
AGENDA FY 2023 AND Q1 2024 HIGHLIGHTS BUILDING ON A STRONG TRACK RECORD ORGANIZATION PERSPECTIVES 94
Slide 95: Our Mission
OUR MISSION PURSUING SUCCESS TOGETHER With innovation! Through appreciation! To success! GREAT SUCCESS IS BASED ON SKILLED AND MOTIVATED TEAMS ON ALL LEVELS 95
Slide 96: Organizational Structure
ORGANIZATIONAL STRUCTURE WE ARE PREPARING FOR GROWTH 777 >1,000 # of employees # of employees today 2028 Comprehensive people development program: “Together into the Future“ Focus on internal qualification, training, and succession planning 96
Slide 97: Our Recruitment Approach
OUR RECRUITMENT APPROACH COLLABORATION WITH ACADEMIC INSTITUTIONS We will take a more international approach to recruitment Centralized international search programmes High management approach already in early stage Targeted approach of universities with relevant expertise University cooperations (f
Slide 98: PVA TePla's Management Board
PVA TEPLA’S MANAGEMENT BOARD LEAN BOARD STRUCTURE – ALIGNED WITH STRATEGY CEO COO CFO JALIN KETTER OLIVER HÖFER CARL MARKUS GROß CEO since 01/2024, CFO since 06/2020 COO since 12/2013 CFO as of 01/2025 Strategy, IR/PR, ESG, R&D, HR- Construction, Production, Finance, Legal and IT Development Procure
Slide 99: Highly Technology-Driven Second Tier of Leadership
HIGHLY TECHNOLOGY-DRIVEN SECOND TIER OF LEADERSHIP SHAPING OUR FUTURE TECHNOLOGICAL PATH MATERIAL SOLUTIONS METROLOGY TECHNOLOGY HUB DR. UDO BROICH DR. PETER CZURRATIS DR. JAN PFEIFFER Material Scientist Physicist Material Engineer INDIVIDUAL UNITS ARE IN CHARGE OF BUSINESS OPERATIONS (PRODUCTION, C
Slide 100: PVA TePla's Supervisory Board
PVA TEPLA’S SUPERVISORY BOARD IN LINE WITH COMPETENCE PROFILE Proposed for election at the AGM on 26 June 2024: Alexander von Witzleben Prof. Dr. Gernot Hebestreit Chairman Christoph von Seidel Auditor and tax consultant Dr. Myriam Jahn Prof. Dr. Markus H. Thoma (until 06/2024) 100
Slide 101: Agenda
AGENDA FY 2023 AND Q1 2024 HIGHLIGHTS BUILDING ON A STRONG TRACK RECORD ORGANIZATION PERSPECTIVES 101
Slide 102: Investments: Capex Projection
INVESTMENTS: CAPEX PROJECTION SUPPORTING FUTURE GROWTH WITH INVESTMENT PEAK IN 2024/2025 KEY INVESTMENT AREAS: North America North America Showroom/Assembly capacities Innovation Innovation up to EUR Technology Hub 60m Training- & Education Centre Infrastructure and Capacity Infrastructure and Capac
Slide 103: M&A Has Always Been Part of Our Growth Strategy
M&A HAS ALWAYS BEEN PART OF OUR GROWTH STRATEGY OVERVIEW Acquired in 2007, with sales in the single-digit million range Growth since acquisition >1,000% Acquired in 2022 Grown from single-digit to double-digit revenues in 2 years 103
Slide 104: New Financing Structure
NEW FINANCING STRUCTURE DESIGNED FOR FURTHER GROWTH Financing in line with strategic focus Volume almost doubled Maturity of at least 5 years Reflecting: Investment planning Higher M&A line Product mix/prepayment structure 104
Slide 105: Key Takeaways
KEY TAKEAWAYS Leveraging our technology portfolio to become the leading facilitator for material science solutions Strong market potentials driven by the megatrends digitization, mobility, and decarbonization Ambitious but realistic targets with a clear commitment to growth and profitability Asset-l
Slide 106: Financial Calendar
FINANCIAL Thank you for attending our Capital Markets Day CALENDAR 26 June 2024 Have a safe journey! AGM, Gießen 14 August 2024 Quarterly Report Q2 IR Contact Dr. Gert Fisahn Manager Investor Relations 12 November 2024 Phone: +49 (641) 68690-400 Quarterly Report Q3 Mobile: +49 (151) 122 03311 E-Mail