Schweizer Electronic Ag · XETR:SCE
Schweizer Electronic — Hamburger Investorentage August 2023
40 slides from Schweizer Electronic's conference presentation, Aug 24, 2023
Slide 1: Hamburger Investorentage
HAMBURGER INVESTORENTAGE AUGUST 24, 2023 MARC BUNZ (CFO)
Slide 2: Agenda
AGENDA ▪ Company Overview ▪ Pillars of Growth • Technology – Embedding Update • Market – Globalization • Supply Chain – Enabling Resilience • Operations – Fab-Light Concept ▪ Financials 1st Half Year ▪ Guidance 2023 ▪ ESG 24 August 2023 Circulation and publication subject to prior approval by SCHWEI
Slide 3: Company Overview
COMPANY OVERVIEW AW
Slide 4: From Cuckoo-Clock to Chip Embedding
FROM CUCKOO-CLOCK TO CHIP EMBEDDING OVER 174 YEARS OF EXPERIENCE 1849 1936 1958 2010 Today Tomorrow The enamel clock Aluminium and Pioneering PCB: High End PCBs are Focus on Always a step face factory brass name plates production of at the core of the Embedding ahead: “Christoph are added to the pri
Slide 5: More than PCBs
MORE THAN PCBs QUICK FACTS ~ 600 EMPLOYEES 174 YEARS OF EXPERIENCE 8400 sqm PRODUCTION CAPACITY PER DAY (w/ 131 Mio EUR TURNOVER (2022) partners) 5 LOCATIONS WORLDWIDE 9 PARTNER FACTORIES 24 August 2023 Circulation and publication subject to prior approval by SCHWEIZER Page 5
Slide 6: Our DNA - More than PCBs
OUR DNA - MORE THAN PCBS We are a family managed, stock-listed technology company based in Schramberg in Germany‘s Black Forest Region. We offer Advanced Technologies, Engineering-Driven Solutions and Safe Supply based on our unique German-Asian footprint. INNOVATIVE RELIABLE GLOBAL & TECHNOLOGY IND
Slide 7: Pillars of Growth
PILLARS OF GROWTH Aw
Slide 8: Pillars of Growth
PILLARS OF GROWTH TECHNOLOGY MARKET SUPPLY CHAIN OPERATIONS improved adjusted increased adjusted importance Embedding Globalization Enabling Fab Light 48V Growth Segments Resilience Concept High Voltage p2 Pack Gen 2: More Focus on Increasing need Growth at addresses BEV Western for Production in re
Slide 9: Technology
TECHNOLOGY AW
Slide 10: More than PCBs
MORE THAN PCBs CUSTOM PCBs ARE OUR STANDARD – CHIP EMBEDDING IS OUR SPECIALTY Custom PCBs Chip Embedding From Standard PCB to customer-specific Our Original Technologies support Power Advanced PCB designs Electronic applications in • we can meet practically any technology • eMobility need and lot si
Slide 11: Embedding Roadmap
EMBEDDING ROADMAP Electrification Downsizing Hybrid & E-Drive ~ 500W – 5kW ~ 3kW – 25kW ~ >25kW HV 400V - 800V OBC Hybrid E-Car AC/DC (+ DC/DC) (+ AC/DC) 48V 48/12V Crankshaft Starter Active Roll Climate Mild Hybrid (P4) Stabilize Compressor DC/DC Generator (P2) (Source: Silver Atena) Board Net Arch
Slide 12: 48V Schweizer Project Experience
48V SCHWEIZER PROJECT EXPERIENCE DESIGN WINS & DESIGN INS 48V 48V P2 • Pout: 25 kW, 20 s • Safe-Launch in Germany completed • Pout: 18 kW, permanent • Product running stable in production • Rth: ≤ 1,2 K/W • @Next: Safe Launch in Jintan for • System in Board Design upcoming volume rise 48V P0 • Safe-
Slide 13: 48V Schweizer Project Experience
48V SCHWEIZER PROJECT EXPERIENCE DESIGN WINS & DESIGN INS 48V 48 V ISG • B-Samples built and successfully • Multi-level topology Inverter evaluated application • Power Stage on Board • C-Samples in planning Design 48V Auxiliary • 3 Phase system for ICE • B-Sample stage finished auxiliary electrifica
Slide 14: The Shift to Electro Mobility
THE SHIFT TO ELECTRO MOBILITY G L O B AL P R O J E C T E D U S P R O J E C T E D M AR K E T E U P R O J E C T E D M AR K E T M AR K E T S H AR E ( % ) S H AR E ( % ) S H AR E ( % ) Light vehicles sold1 6% <1% <1% 1% 3% 9% 2% 1% 5% 20% 5% 3% 1% 19% 4% 8% 30% 12% 39% 6% 5% 4% 47% 8% 10% 59% 10% 60% 68
Slide 15: The Shift to E-Mobility
THE SHIFT TO E-MOBILITY 24 August 2023 Circulation and publication subject to prior approval by SCHWEIZER Page 15
Slide 16: p² Pack Gen 1/2: Low / High Voltage
p² PACK GEN 1/2: LOW / HIGH VOLTAGE INSULATED VS. NON INSULATED CONSTRUCTION GEN 1 Top: Non-insulated. Micro via fields penetrating the bottom insulation layer to improve thermal conductivity (e.g. 48 V applications. Insulation maintained in application with TIM) GEN 2 1 2 3 Bottom: Insulated. Micro
Slide 17: p² Pack Roadmap
p² PACK ROADMAP* Gen 3: Cp² Pack 400 V / 800 V / > 800V Pre-Development Series Development Mass production Gen 2: 48 V / 400 V / 800 V Pre-Development Series Development Mass production Gen 1: 48 V Series Development Mass production 2021 2022 2023 2024 2025 2026 2027 2028 *Timeline depending on Semi
Slide 18: Market
MARKET AW
Slide 19: Global Sales Network
GLOBAL SALES NETWORK FOCUS ON EMEA, NORTH AMERICA PLUS EAST ASIA SCHWEIZER Sales Office: Germany, USA, China, Singapore SCHWEIZER Sales Partners: North America, Israel, Japan, Korea 24 August 2023 Circulation and publication subject to prior approval by SCHWEIZER Page 19
Slide 20: Supply Chain
SUPPLY CHAIN AW
Slide 21: One.Contact: PCB Engineering – Safe Supply
ONE.CONTACT PCB ENGINEERING – SAFE SUPPLY Reliable Supply • Prototype / Pilot / Ramp to Volume in Germany and Asia • Combi-Production (Germany – Asia) • Back Up-Production (Germany) • Re-Shoring (Germany) • Product Localisation Engineering and Commercial Support – Worldwide • Design Consulting, Co-D
Slide 22: Operations
OPERATIONS AW
Slide 23: Integrated Production Network
INTEGRATED PRODUCTION NETWORK LARGEST PCB PLANT IN EUROPE – JOINT VENTURE PRODUCTION - PARTNERS Schweizer Electronic AG Schramberg, Germany Integrated Production in Europe and Asia • We are operating the largest PCB fab in Europe and a large Joint Venture for advanced PCBs in China • Unique network
Slide 24: Production Partner Network
PRODUCTION PARTNER NETWORK EUROPE ASIA Jintan, China Kunshan, China Gdansk, Poland Huangshi, China Schramberg, Germany Sihui, China Kaoshiung, Taiwan Ayutthaya, Thailand Ranong, Thailand 24 August 2023 Circulation and publication subject to prior approval by SCHWEIZER Page 24
Slide 25: Financial Update
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Slide 26: Financials HY1 2023 Growth Rate
FINANCIALS HY1 2023 GROWTH RATE Revenues in million EUR / Growth rate +7.5% • Revenue increases by 6.4% +6.4% • Pre-crises level exceeded 68.7 63.9 60.2 64.6 • Share with non-mobility customers 59.4 rises to 33% 45.4 • Mobility-revenue below pre-crisis level HY1 2018 HY1 2019 HY1 2020 HY1 2021 HY1 2
Slide 27: Financials HY1 2023 EBITDA
FINANCIALS HY1 2023 EBITDA in million IN MIO. EUREURO / GROWTH RATE 46.7 • Includes pro rata results of the Chinese subsidiary from Jan - April 2023 • Deconsolidation effect around EUR 41 million • Without Chinese subsidiary and deconsolidation at solid pre-crisis level 6.6 5.7 1.0 -5.6 -5.2 -7.1 HY
Slide 28: Financials HY1 2023 Key Figures
FINANCIALS HY1 2023 Key Figures IN MIO.EUR in million EURO / GROWTH RATE HY1 2023 HY1 2022 • Higher growth rate than Revenues 68.7 64.6 the market EBITDA 46.7 / -7.1 / • Increased profitability within 67.9% -11.0% the group excluding Chinese 5.7 / 1.6 / subsidiary EBITDA adjusted1) 8.3% 2.5% 30/06/2
Slide 29: Guidance 2023
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Slide 30: Outlook
OUTLOOK Actual 2022 HY1 2023 Target 2023 Sales / Growth Rate 6.8% 6.4% 0% to 5% 8.3% 6% to 9% (adjusted*) (adjusted*) EBITDA Margin -9.4% 67.9% 35% to 40% n/a Net Gearing 70.4% 50% to 80% (neg.equity) Working Capital -1.6 Mio. EUR 25.0 Mio. EUR 15 to 20 Mio. EUR Equity Ratio -5.5% 28.7% 25% to 30% *
Slide 31: Environmental Social Governance
E NVIRONMENTAL S OCIAL G OVERNANCE
Slide 32: ESG Management: Carbon Footprint Reduction
ESG MANAGEMENT CARBON FOOTPRINT REDUCTION Only 12 companies achieved a “Triple A” A rating, while 330 companies received and “A” rating for Climate, Water and Forest B 59% of all companies SCHWEIZER C D e.g. Tesla, Berkshire Hathaway and E Exxon Mobile F 44,000 invited companies / 15,000 had taken p
Slide 33: ESG Management: Certifications
ESG MANAGEMENT CERTIFICATIONS CERTIFICATION AUDITS AROUND ISO 14001 / EM ISO 50001 • As a value-oriented company we are committed to our high standards in environmental and energy management and subject our actions to external audits The quality of our systems is reflected in the successful audits a
Slide 34: ESG Management: Code of Conduct
ESG MANAGEMENT CODE OF CONDUCT The "ZVEI Code of Conduct on Social Responsibility" (CoC) serves as the basis for our social responsibility in the context of our worldwide activities. This guideline of the German Electrical and Electronic Manufacturers' Association (ZVEI) sets out what corporate resp
Slide 35: Appendix
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Slide 36: Executive Board
EXECUTIVE BOARD Nicolas-Fabian Schweizer Chief Executive Officer Ass. Jur. Nicolas-Fabian Schweizer is member of the Board since April 2011 and appointed until June 2027. In charge of Technology R&D, Business Development, Operations & Quality, Human Resources, Legal and Media & Communications (PR).
Slide 37: IR Contact Financial Calendar
FINANCIAL CALENDAR IR CONTACT Date Publication/Event Elisabeth Trik 2023-11-03 Interim Report 3rd Quarter 2023 Investor Relations 2024-06-28 Annual General Meeting Schweizer Electronic AG Einsteinstrasse 10 78713 Schramberg Germany Phone: +49 7422 512 302 Fax: +49 7422 512 777 302 Email: ir@schweize
Slide 38: Schweizer @ YouTube
SCHWEIZER @ YOUTUBE NEW VIDEO p² Pack Embedded Power Devices WATCH NOW 24 August 2023 Circulation and publication subject to prior approval by SCHWEIZER Page 38
Slide 39: Safe Harbour Statement
SAFE HARBOUR STATEMENT This communication contains forward-looking statements and information – that is statements about events that lie in the future, not the past. These forward-looking statements can be identified by formulations such as “expect”, “wish to”, “anticipate”, “propose”, “plan”, “beli
Slide 40: More than PCBs
SCHWEIZER im \ MORE THAN PCBs
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