Slide 1: Heart of your technology
Heart of your technology January-June 2025 presentation July 17, 2025 Manu Skyttä, President and CEO
Slide 2: Contents
Contents • Overview Q1/2025 • Q1/2025 in brief • Q1/2025 financial result: – Order book – Net sales – Operating result • Overview of customer segments • Outlook • Summary
Slide 3: Overview Q2/2025
Overview Q2/2025 • Net sales amounted to EUR 10.1 million (year-on- year increase of 43%) and operating result amounted to EUR 0.2 million (improved by EUR 1.4 million). – Strong order book, production operating with good utilization and throughput – The result was negatively affected by the change
Slide 4: Q2/2025 in brief
Q2/2025 in brief • Second-quarter net sales EUR 10.1 (7.0) million, increase of 43% • Operating result EUR 0.2 (-1.2) million, 1.7% (-17,5%) of net sales • Earnings per share EUR -0.02 (-0.19) • Operative cash flow EUR 0.6 (-1.1) million • Equity ratio 59.3% (57.8%) • Order book at the end of the re
Slide 5: H1/2025: Net sales increased by 54% and operating result improved by EUR 3.8 million
H1/2025: Net sales increased by 54% and operating result improved by EUR 3.8 million • First-half net sales amounted to EUR 20.4 (13.3) million, increase of 54% • Operating result EUR 1.0 (-2.8) million, -4.9% (- 21.4%) of net sales • Earning per share, EUR 0.08 (-0.44) • Operative cash flow EUR 2.4
Slide 6: Order book amounted to EUR 19.8 million
Order book amounted to EUR 19.8 million Order book (M€), delivery schedule 25 M€ 19.8 20 15 10 5 0 June 30, June 30, June 30, 2023 2024 2025 • Demand remained high, especially in the Semiconductor Industry customer segment. Demand in the Security, Defense and Aerospace segment also continued to grow
Slide 7: Q2/25 net sales amounted to EUR 10.1 million, increase of 43%
Q2/25 net sales amounted to EUR 10.1 million, increase of 43% Annual net sales (M€) Quarterly net sales (M€) 45 12 40 35 10 30 8 25 6 20 15 4 10 2 5 0 0 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 2020 2021 2022 2023 2024
Slide 8: Q2/2025 and full year 2024 operating results
Q2/2025 and full year 2024 operating results Operating result, M€ and % Annual operating result, M€ and % 0,9 10% 5 15% 4 0,6 5% 10% 3 0,3 2 5% 0% 0,0 1 0% Q3/24 Q4/24 Q1/25 Q2/25 -5% 0 -0,3 -1 2019 2020 2021 2022 2023 2024 -5% -10% -0,6 -2 -10% -0,9 -15% -3 -15% -4 -1,2 -20% -5 -20% -1,5 -25% M€ %
Slide 9: Customer segment comments and net sales Q2/2025
Customer segment comments and net sales Q2/2025 Semiconductor Security, Automotive Telecommuni- Industrial Industry Defense and cation Electronics Aerospace 47 % 23 % 19 % 6% 5%
Slide 10: Semiconductor Industry: Demand remained at a high level in Q2
47% Semiconductor Industry: Demand remained at a high level in Q2 • Q2 net sales amounted to EUR 4.7 million, year-on-year increase of 239%. • Demand remained at a high level in Q2 and is expected to continue at a good level in the coming quarters. • Net sales, M€ 6,0 5,0 4,0 3,0 2,0 1,0 0,0 Q2/24 Q
Slide 11: Security, Defence & Aerospace: Net sales increased by 38% to EUR 2.4 million
Security, Defence & Aerospace: Net sales increased by 38% to EUR 2.4 million 23% • Demand growth remained strong in Q2. • Net sales increased by 38% to EUR 2.4 million. • Kysynnän odotetaan kehittyvän suotuisasti myös tulevaisuudessa. Net sales, M€ 3,0 2,5 2,0 1,5 1,0 0,5 0,0 Q2/24 Q3/24 Q4/24 Q1/25
Slide 12: Automotive: Net sales amounted to EUR 1.9 million
Automotive: Net sales amounted to EUR 19% 1.9 million • Q2 net sales amounted to EUR 1.9 million. Decrease of 16% compared to Q2/2024. Net sales, M€ 2,5 2,0 1,5 1,0 0,5 0,0 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25
Slide 13: Telecommunication: net sales amounted to EUR 0.6 million
6% Telecommunication: net sales amounted to EUR 0.6 million • Q2 net sales were at the previous year’s level and amounted to EUR 0.6 million Net sales, M€ 0,8 0,7 0,6 0,5 0,4 0,3 0,2 0,1 0,0 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25
Slide 14: Industrial Electronics: The decrease in net sales was due to weak demand
Industrial Electronics: The decrease in net sales was due to weak demand from the end 5% customers and limited production capacity. • Q2 net sales amounted to EUR 0.5 million, a decrease of 49% compared to Q2/2024. • The decrease in net sales was due to weak demand from the end customers and limited
Slide 15: Customer segment's net sales H1/2025
Customer segment’s net sales H1/2025 Semiconductor Security, Automotive Telecommuni- Industrial Industry Defense and cation Electronics Aerospace 49 % 21 % 20 % 6% 4%
Slide 16: Outlook for 2025
Outlook for 2025 Aspocomp reiterates the guidance that was published on February 26, 2025. • In 2025, the demand for Aspocomp’s products is expected to remain solid. In particular, demand in the semiconductor market is expected to develop favorably due to significant investments in AI applications a
Slide 17: Q2: Summary
Q2: Summary • Second-quarter net sales EUR 10.1 (7.0) million, increase of 43% • Operating result EUR 0.2 (-1.2) million, 1.7% (-17,5%) of net sales • Earnings per share EUR -0.02 (-0.19) • Operative cash flow EUR 0.6 (-1.1) million • Equity ratio 59.3% (57.8%) • Order book at the end of the review
Slide 18: Additional material
Additional material ASPOCOMP Heart of your technology
Slide 19: 10 major shareholders, June 30, 2025
10 major shareholders, June 30, 2025 Shareholder Shares Ownership, % 1 Joensuun Kauppa ja Kone Oy 1,198,467 17.50 2 Etola Group Oy 1,001,004 14.61 3 Mandatum Life Insurance Company Limited 348,863 5.09 4 Montonen Mikko 346,911 5.06 5 Etola Erkki 300,000 4.38 6 Nordea Henkivakuutus Suomi Oy 275,000 4
Slide 20: Board of Directors
Board of Directors Ville Vuori Kaisa Kokkonen Jenni Enroth Anssi Korhonen Chairman Vice Chaiman Member Member
Slide 21: Management Team
Management Team Manu Skyttä Antti Ojala Pekka Holopainen Jouni Kinnunen Hanna-Leena Keskitalo Mitri Mattila President and CEO CCO and COO CFO HR director CTO Deputy CEO