Slide 1: Presentation of results for first half of 2015
August 15 Zurich, August 20, 2015 Presentation of results for first half of 2015 Ronald Fehlmann, CEO Markus Portmann, CFO Technology with Passion Agenda 1 COMET Group at a Glance R. Fehlmann 2 Review of H1 2015 R. Fehlmann Group and Business Segments 3 Financial Results M. Portmann 4 Outlook for 20
Slide 2: COMET Group at a glance: Leading worldwide with x-ray, RF and ebeam technology
August 15 Introduction COMET Group at a glance: Leading worldwide with x-ray, RF and ebeam technology H1 Results 2015 | 20. August 2015 3 Introduction Global trends as enablers of strong growth H1 Results 2015 | 20. August 2015 4 2
Slide 3: Focusing on three key technologies, COMET Group delivers leading solutions
August 15 Introduction Focusing on three key technologies, COMET Group delivers leading solutions X-ray RF power ebeam Non-destructive testing Plasma control Sterilization Inspection, quality control in Semiconductor Food and pharma automotive, electronics and LED packaging other industries Thin-fil
Slide 4: H1 2015: COMET Group shows robustness in a more challenging environment
August 15 Agenda 1 COMET Group at a Glance R. Fehlmann 2 Review of H1 2015 R. Fehlmann Group and Business Segments 3 Financial Results M. Portmann 4 Outlook for 2015 R. Fehlmann 5 Questions & Answers All H1 Results 2015 | 20. August 2015 7 Review of H1 2015 H1 2015: COMET Group shows robustness in a
Slide 5: Continuing dynamic implementation of the strategy
August 15 Review of H1 2015 … which allows the continuing dynamic implementation of the strategy ebeam business strengthened by acquisition of PCT Engineering Systems Bühler: ebeam project with second big partner made official Hexagon: Alliance with major player to tap future opportunities in
Slide 6: H1 2015: COMET Group slightly below H1 2014 with improved operating earnings
August 15 Review of H1 2015 H1 2015: COMET Group slightly below H1 2014 with improved operating earnings Net sales in CHF -1.9% vs. year-earlier period, from 132.6m to 130.1m Net income in -62.2% vs. year-earlier period, CHF from 4.4m to 1.7m EBITDA in CHF +14.6% vs. year-earlier period, from 10.7m
Slide 7: PCT with continued profitable growth; challenging environment reflected in x-ray
August 15 Review of H1 2015 H1 2015: PCT with continued profitable growth; challenging environment reflected in x-ray -18.4% +10.3% -1.6% Net sales 43.3m 58.0m 34.8m in CHF (H1 2014: 53.0m) (H1 2014: 52.6m) (H1 2014: 35.4m) EBITDA 6.3% 18.4% -0.8% margin (H1 2014: 5.3%) (H1 2014: 15.3%) (H1 2014: 4.
Slide 8: X-Ray Systems and Plasma Control Technologies: sales and EBITDA
August 15 X-Ray Systems Decrease in net sales, but higher gross margin; investing in front end to support future business Net sales EBITDA Decrease of 18.4% (12.4% in LC*) 4 60.0 6.3% 6.0 5.3% 50.0 53.0 3 CHF millions 2.8 2.7 40.0 43.3 4.0 CHF millions 2 30.0 2.0 1 20.0 10.0 0 0.0 H1 2014 H1 2015 0.
Slide 9: Plasma Control Technologies: strong increase in net sales
August 15 Plasma Control Technologies Strong increase in net sales, higher profitability Net sales EBITDA Increase of 10.3% (6.1% in LC*) 60 12.0 20.0 18.4% 58.0 50 52.6 10.0 10.7 16.0 15.3% 40 8.0 CHF millions CHF millions 8.1 12.0 6.0 % 30 8.0 4.0 20 4.0 2.0 10 0.0 0.0 0 H1 2014 H1 2015 H1 2014 H1
Slide 10: X-Ray & ebeam Technologies: net sales and ebeam milestones
August 15 X-Ray & ebeam Technologies Increase in net sales; investment in ebeam business reduces EBITDA margin Net sales EBITDA Down 1.6% (up 3.6% in LC*) 2.5 5.0 40.0 4.1% 2.0 4.0 35.0 35.4 34.8 30.0 1.5 3.0 CHF millions 1.5 CHF millions 25.0 1.0 2.0 % 20.0 0.5 1.0 15.0 0.0 0.0 10.0 -0.3 5.0 -0.5 -
Slide 11: Increased Incoming Orders and improved operating Performance
August 15 Agenda 1 COMET Group at a Glance R. Fehlmann 2 Review of H1 2015 R. Fehlmann Group and Business Segments 3 Financial Results M. Portmann 4 Outlook for 2015 R. Fehlmann 5 Questions & Answers All H1 Results 2015 | 20. August 2015 21 Financial Results Increased Incoming Orders and improved op
Slide 12: Net USD Exposure of 31m CHF in H1 2015; decrease in net sales
August 15 Financial Results Net USD Exposure of 31m CHF in H1 2015, other currencies mostly hedged Stronger CHF had an impact 100% EBIT 5.7% on Sales and EBIT Net USD exposure The negative net impact of all 80% of 31m 30% 53% CHF currencies on Sales was 2.1 Mio. CHF. The EUR had USD 60% 8% the b
Slide 13: At constant exchange rates EBITDA margin increased despite lower sales
August 15 Financial Results At constant exchange rates EBITDA margin increased by 0.6% points despite lower sales as reported @ constant @ constant @ current as reported @ nominal FX rates FX rates, FX rates, FX rates vs. Bridge June YTD 2015 w/o M&A w/o M&A PY vs. PY June YTD June YTD FX June YTD
Slide 14: Higher finance costs due to losses on foreign currency balances
August 15 Financial Results Higher finance costs due to mostly extra- ordinary losses on foreign currency balances Net financing items amounted to an expense of CHF 4.0m (PY CHF 0.3m), reflecting the following factors: Interest expenses decreased to CHF 0.4m (PY CHF 0.6m) The stronger CHF follow
Slide 15: Sound balance sheet ratios affected by currency translation impacts and acquisition
August 15 Financial Results Sound balance sheet ratios affected by currency translation impacts and acquisition In CHF millions H1 2015 FY 2014 Current assets 134.0 54.4% 134.9 54.8% Non-current assets 112.1 45.6% 111.0 45.2% Total assets 246.1 100.0% 245.9 100.0% Liabilities 102.8 41.8% 86.1 35.0%
Slide 16: Rolling average working capital increased, driven by acquired working capital
August 15 Financial Results Rolling average working capital increased, driven by acquired working capital Working capital ratios (12 m avg) Total net working capital increased by CHF 5.5m (CHF 3.1m excluding PCT Engineered Systems LLC). Net working capital in % of net sales reached 25.3% (PY 24.4%
Slide 17: Strong equity ratio of 58.2% despite foreign currency impacts
August 15 Financial Results Strong equity ratio of 58.2% despite significant extraordinary foreign currency impacts Current liabilities increased by CHF 20.0m, mainly driven by: Increase in bank debt related to the acquisition of PCT Engineered Systems LLC, increased capital expenditures and divid
Slide 18: Outlook for 2015: Raised forecast for Net sales and EBITDA
August 15 Agenda 1 COMET Group at a Glance R. Fehlmann 2 Review of H1 2015 Group and Business Segments 3 Financial Results M. Portmann 4 Outlook for 2015 R. Fehlmann 5 Questions & Answers All H1 Results 2015 | 20. August 2015 35 Outlook Outlook for 2015: Raised forecast for Net sales and EBITDA COME
Slide 19: Full year 2015: Sales of CHF 290m to CHF 310m
August 15 Outlook Full year 2015: Sales of CHF 290m to CHF 310m at an EBITDA margin of 13.5% to 14.5% H2 2015 vs. H1 2015 Sales in CHF COMET Group X-Ray Systems Significant sales increase expected, coming from all customer segments. Tire: yoy sales will not reach 2014 level. X-Ray & ebeam Industrial
Slide 20: Q&A; Financial calendar for the COMET Group
August 15 Q&A H1 Results 2015 | 20. August 2015 39 Financial calendar for the COMET Group 24 November, 2015 Investor Day 17 March, 2016 Publication of 2015 annual report 21 April, 2016 General Assembly in Berne For more details on business development and financial data please see our annual report
Slide 21: Disclaimer
August 15 Disclaimer This document contains forward-looking statements about COMET that may be subject to uncertainty and risk. Readers should therefore be aware that such statements may deviate from actual future outcomes or events. Forward- looking statements in this document are projections of po