Slide 1: H1 2021 Financial Results
H1 2021 Financial Results August 12, 2021 Kevin Crofton, CEO Lisa Pataki, CFO Comet AG Herrengasse 10 CH-3175 Flamatt T +41 31 744 90 00 www.comet.tech
Slide 2: Cautionary statement regarding Forward Looking Statements
Cautionary statement regarding Forward Looking Statements This document contains forward-looking statements about the Comet Group 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 st
Slide 3: Agenda
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A
Slide 4: Agenda
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A
Slide 5: Best half-year result in the company's history
Business & Industry Review Best half-year result in the company's history Delivered record sales and EBITDA margin Market share gains from design & application wins Fueled by the semi boom, strengthening aerospace 248.3 17.8% and automotive industries Net sales in CHF millions EBITDA margin (+36.2%
Slide 6: Momentum in H2 2020 accelerated in H1 2021
Business & Industry Review Momentum in H2 2020 accelerated in H1 2021 Semiconductors Automotive Aerospace Security Continuous upgrades in Stable recovery from trough Signs of a slow recovery for Airport security prospects Semiconductor Device and levels of 2020 commercial aviation due to strongly de
Slide 7: Good progress in all divisions
Business & Industry Review Good progress in all divisions PCT IXS IXM • Multiple radio frequency (RF) match • Improving market conditions in most end • Non-destructive testing markets build up design wins, supported by opening of markets, led by Electronics and momentum across all regions design cen
Slide 8: Summary
Business & Industry Review Summary • Implementation of strategic growth targets reflected in record first-half results • PCT riding the semi wave, upward trend in x-ray divisions • Global supply chain issues prudently managed; no impact in first half-year H1 2021 Financial Results 8/12/2021 8
Slide 9: Agenda
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A
Slide 10: H1 2021 financial results
Financial Results H1 2021 financial results* in CHF millions, otherwise indicated H1 2021 H1 2020 Change** Net sales 248.3 182.3 +36.2% Gross profit margin (in %) 42.8% 37.7% +510 bps EBITDA 44.3 18.8 +136.0% EBITDA margin (in %) 17.8% 10.3% +750 bps Net income 27.8 6.5 +326.2% Earnings per share (i
Slide 11: H1 2021 results: strong performance in all divisions
Financial Results H1 2021 results: strong performance in all divisions Net sales [in CHF millions] EBITDA margin PCT IXS IXM 23.9% 19.2% 6.4% 15.8% 14.0% -3.9% 96.9 145.4 53.7 70.2 30.2 37.3 H1 2020 H1 2021 H1 2020 H1 2021 H1 2020 H1 2021 Net sales +50.1% Net sales +30.8% Net sales +23.4% EBITDA 34.
Slide 12: H1 2021 balance sheet & financial metrics
Financial Results H1 2021 balance sheet & financial metrics* in CHF millions, otherwise indicated H1 2021 H1 2020 Change** Free cash flow 15.3 4.5 +236.9% CapEx 6.2 3.5 +76.1% CapEx as % of net sales 2.5% 1.9% +60 bps Jun 2021 Dec 2020 Change** Cash and cash equivalents 76.4 74.7 +2.2% Net debt 6.1
Slide 13: Agenda
Agenda 01 Business & Industry Review 02 Financial Results 03 Outlook 04 Q&A
Slide 14: Digital age is creating long-term demand already today
Outlook Digital age is creating long-term demand already today Today Internet Social era Collaborative economy Autonomous world Modern wellbeing Off planet Physical world People get information People get what they Human tasks become We turn to technology Leaving Earth becomes digitized from each ot
Slide 15: Demand drivers building momentum in every sector
Outlook Demand drivers building momentum in every sector Semiconductors Automotive Aerospace Security Semiconductor industry in Car demand & production Some optimism in civil Long-term growth in global unprecedented supercycle picking up aviation goods trade H1 2021 Financial Results 8/12/2021 15
Slide 16: Relentless focus on execution in 2021, drive for market share gains
Outlook Relentless focus on execution in 2021, drive for market share gains, increased operational excellence • Go-to-market: new RF Generator; extend market share in RF Match products • Fill Penang plant with volume production PCT • Secure global best cost supply chain • Manage capacity expansion a
Slide 17: Outlook: robust projection for full-year, strong performance expected in H2 2021
Outlook Outlook: robust projection for full-year, strong performance expected in H2 2021 Prioritize the safety of all employees and customers Protect our team, support our customers Guidance FY2021 Execute on growth strategy & cultural change Create a more focused, customer-centric, agile, sustainab
Slide 18: Q&A
Q&A
Slide 19: Appendix
Appendix cemet group
Slide 20: Definition of financial key figures
Appendix Definition of financial key figures (pages 10 and 12) Gross profit margin: Net sales less cost of goods and materials sold as a percentage of net sales EBITDA: Operating income as per consolidated statement of income before depreciation, amortization and impairment losses on property, plant
Slide 21: Consolidated statement of income
Appendix Consolidated statement of income in CHF millions (rounding differences may occur) H1 2021 H1 2020 Change Net sales 248.3 182.3 36.2% Gross profit 106.2 68.7 54.6% • Other operating income 1.8 2.9 -40.1% • Development expenses -28.6 -26.3 8.8% • Marketing and selling expenses -24.0 -22.1 8.6
Slide 22: Consolidated statement of cash flows
Appendix Consolidated statement of cash flows in CHF millions (rounding differences may occur) H1 2021 H1 2020 Change Net cash provided by operating activities 21.8 7.8 178.1% in % of net sales 8.8% 4.3% 450 bps Net cash (used in) investing activities -6.5 -3.3 97.6% Free cash flow 15.3 4.5 236.9% i
Slide 23: Consolidated balance sheet
Appendix Consolidated balance sheet in CHF millions (rounding differences may occur) H1 2021 in % YE 2020 in % Current assets 257.3 57.1% 238.3 55.5% Non-current assets 192.9 42.9% 191.0 44.5% Total assets 450.2 100.0% 429.3 100.0% Current liabilities 120.0 26.7% 180.6 42.1% Non-current liabilities
Slide 24: Net sales walk H1 2020 to H1 2021
Appendix Net sales walk H1 2020 to H1 2021 in CHF millions +36.2% 17.1 7.2 (6.8) 0.7 (7.5) 55.3 248.3 182.3 Volume effect Negative in local currencies currency effect CHF 73.5m, 40.3% CHF 7.5m, (4.1%) (1) Net sales H1 2020 PCT IXS IXM EBT Elim. Currency Net sales H1 2021 intersegment translation sal
Slide 25: EBITDA margin walk H1 2020 to H1 2021
Appendix EBITDA margin walk H1 2020 to H1 2021 +750 bps H1 2021 Financial Results 8/12/2021 25
Slide 26: cemet
cemet group