Aspocomp Group Oyj · OMXHEX:ACG1V
Aspocomp Group Oyj — Investor Presentation (February 2021)
27 slides from Aspocomp Group Oyj's investor presentation, February 2021
Slide 1: Heart of your technology
Heart of your technology Company presentation – Feb 2021
Slide 2: Aspocomp in nutshell
Aspocomp in nutshell High tech PCB manufacturer and supplier with own factory in Oulu and a partner network in Europe and China. • Established in 1979 • Aspocomp Group Plc, listed in Nasdaq Helsinki Ltd. • Headquarter in Espoo/Finland and Manufacturing location in Oulu/Finland – Partner network in E
Slide 3: PCBs are uniquely designed
PCBs are uniquely designed A printed circuit board (PCB) is the principal interconnection method in electronic devices. PCBs are used for electrical interconnection and as a component assembly platform in most electronic applications. Every PCB design is unique to the device it is used in.
Slide 4: Aspocomp customer segments
Aspocomp customer segments 2019 10 % 7% 24 % Security, Defence and 15 % Aerospace Automotive Semiconductor Industry 39 % Automotive Telecommunications Industrial Electronics Security, Defence & Aerospace Semiconductor Industry Industrial electronics Telecommunications
Slide 5: Aspocomp - Serving customers worldwide
Aspocomp - Serving customers worldwide Factory Head office in in Oulu, Finland Espoo, Finland Global supply chain Main markets Northern with partner network and Central Europe in Europe and China. Customer support in Europe. Presence in Germany, UK, Switzerland and Sweden Global PCB Market $90 billi
Slide 6: Customers in 46 countries
Customers in 46 countries ASPOCOMP Heart of your technology
Slide 7: Our Customers value
Our Customers value • Quick Turn Around PCBs Our QTA services – The shortest lead time, high tech PCBs. • Project Support Services – Support from early design stage to volume manufacturing Excellent project support • Volume Supply Services – PCB Trading – Easy and cost-efficient access to all PCB te
Slide 8: COVID-19 impacted results in 2020
COVID-19 impacted results in 2020 • Net sales decreased by 18% - profitability -0,1 M€ • Double digit growth in Semiconductor and Security, Defence & Aerospace segments • Demand in Automotive and Telecommunications Networks segments lower than expected Net Sales EBIT EUR million EUR million 30 3,5 2
Slide 9: Digitalization continues to drive global growth for PCBs
Digitalization continues to drive global growth for PCBs Connected devices, IoT • Industry growth driven by digitalization especially in Tele- vehicle automation, communications Industrial instruments, internet infra, 5G Market telecommunications infra, growth security, defence & DIGITALIZATION 4.3%
Slide 10: Market for PCBs growing along with smart devices, telecom infra and automation
Market for PCBs growing along with smart devices, telecom infra and automation The PCB market is expected Main market drivers for growth to grow by 4.3% (CAGR) from 2019 to 2024.* • Advancement of internet Market size is expected to of things COVID-19 continues to reach $89.7 billion by • Increased
Slide 11: Focus on customers’ high-end needs
Focus on customers’ high-end needs Customers have We have 1) Superb technology and manufacturing knowledge Complex technical PCB from design to production requirements 2) Strong world-class Need for a reliable partner network and own PCB partner who production can support them in all technologies an
Slide 12: Aspocomp’s key strengths
Aspocomp’s key strengths Complete product Most challenging designs within the shortest lead- portfolio from most times of the industry. demanding to basic PCBs according to World-class know-how, customers needs. Wide Own dedicated personnel, technology production in and capabilities for portfolio Ou
Slide 13: Strategy supporting growth targets
Strategy supporting growth targets Aspocomp today Our strategy Our targets High-technology Expand services to expertise for cover PCB needs over demanding PCBs the product’s entire Growth life cycle Serving customers by both special and Shorten time-to-market volume PCBs with fast deliveries Number
Slide 14: Main Topics in Strategy
Main Topics in Strategy • Aspocomp – Customer Oriented Service Company • Seeking for high growth in selected customer segments • Expanding to new markets • Improve operational exellence • Target to grow in average of 10% annually and to reach minimum profitability of 7% latest in year 2022
Slide 15: Product categories
Product categories High Layer Count High Speed Digital Thermal Management ❑ Multilayer PCB’s up to 6mm (30+) ❑ HDI & Multilayer up-to-30+ layers ❑ Metal back boards ❑ Special materials ❑ High-speed materials ❑ Copper coins ❑ High reliability ❑ Low profile Cu-foils ❑ Thermal via farms High Frequency
Slide 16: Services
Services Quick-Turn-Around Services (QTA) • QTA Services: Our operations have always been optimized to provide the shortest lead time and guarantee high quality PCBs. Design Support • Design Support Services: Aspocomp supports new customer Services projects with customized design and material guidel
Slide 17: Outlook for 2020
Outlook for 2020 Aspocomp’s January-December 2020 net sales is estimated to be EUR 25.6 million. Demand in the telecommunications networks and automotive segments in the fourth quarter was lower than expected. Due to the low net sales and the EUR 0.3 million credit loss provision recorded in the fir
Slide 18: Disclaimer
Disclaimer • Although forward-looking statements contained in this presentation are based upon what management of the company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ mat
Slide 19: Thank you!
Thank you!
Slide 20: APPENDIX
APPENDIX
Slide 21: Income statement
Income statement EUR million 1-9/2020 2019 Net sales 19.7 31.2 Other operating income 0.1 0.1 Materials and services -9.4 -14.6 Personnel expenses -5.9 -7.8 Other operating costs -3.4 -4.9 Depreciations and amortization -1.2 -1.3 Operating result -0.1 3.4 Financial income and expenses -0.2 -0.1 Prof
Slide 22: Balance sheet
Balance sheet EUR million Sep. 30, 2020 Dec 31, 2019 Assets Non-current assets Intangible assets 3.2 3.3 Tangible assets 5.7 5.6 Right-of-use assets 1.0 1.3 Deferred income tax assets 4.7 4.7 Total non-current assets 14.5 14.9 Total current assets 12.3 14.6 Total assets 27.0 29.5 Equity and liabilit
Slide 23: Cash flow
Cash flow EUR million 1-9/2020 2019 Profit for the period -0.2 3.9 Adjustments 1.3 0.7 Change in working capital 2.5 -0.2 Received Interest income 0.0 0.0 Paid interest expenses -0.1 -0.2 Paid taxes 0.0 0.0 Cash flow from operating activities 3.4 4.3 Investments -1.6 -3.5 Proceeds from sale of prope
Slide 24: Aspocomp’s share price performance
Aspocomp’s share price performance DIVIDEND POLICY The company’s aim is to pay an annual dividend to its shareholders. In its annual proposal on the distribution of dividend, the Board will take into account the company’s financial performance, investment and development needs, and solvency. The tar
Slide 25: Major Shareholders as of Dec. 31, 2020
Major Shareholders as of Dec. 31, 2020 https://aspocomp.com/investors/
Slide 26: Management Team
Management Team Mikko Antti Ari Jouni Mitri Montonen Ojala Beilinson Kinnunen Mattila Chief Chief Sales and Chief Chief Executive Operating Marketing Financial Technology Officer Officer Officer Officer
Slide 27: Summary & Contact information
Summary & Contact information • High-end PCB technology manufacturing to support challenging projects. • Design support for projects in early stage. • Fastest QTA lead-times. • Volume support through world-class partner network. • Please contact Aspocomp Sales team • And follow us at: www.aspocomp.c
Aspocomp Group — Investor Presentation (February 2021) on 6ix