Inficon Holding Ag · SIX:IFCN

Inficon — Q4 2021 and FY2021 Earnings Presentation

28 slides from Inficon's earnings presentation, Mar 3, 2022

  1. Slide 1: Q4 2021 and Full Year 2021 Earnings Conference

    Q4 2021 and Full Year 2021 EARNINGS CONFERENCE March 3, 2022 Zürich, Switzerland

  2. Slide 2: Speakers

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Speakers Lukas Winkler, President and CEO Key figures Q4 2021 and FY 2021 Target market business review Expectations 2022 Matthias Tröndle, Vice President and CFO Financials Q4 2021 and FY 2021 Proposed Cash Distribution Guidance

  3. Slide 3: Q4 2021 – Key Figures

    Summary End Markets Outlook P&L / Balance Sheet Guidance Q4 2021 – Key Figures  Broadly based growth in all markets and regions, year-over-year  Sales increase of 23.6% to record high USD 144.5 million, organic increase of 24.6% compared with Q4 2020  Sequential sales increase of 18.2% over Q3 20

  4. Slide 4: FY 2021 – Key Figures

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance FY 2021 – Key Figures  Sales increase in all end markets and all regions  Semi & Vacuum coating end market (Asia and Americas) and General Vacuum end market in Europe and Asia especially strong  Sales increase of 29.7% to USD 5

  5. Slide 5: Net Sales by End Market

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Net Sales by End Market USD 144.5 million in Q4 2021 (+23.6%) USD 515.8 million in 2021 (+29.7%) March 3, 2022 5 EUR ASIA NA

  6. Slide 6: Security & Energy

    Summary End Markets Outlook P&L / Balance Sheet Guidance Security & Energy Q4 2021 Sales to End Market Security & Energy  Sales decrease of -34.5% to USD 5.7 million (in MUSD) -2.3% CAGR (2015 - 2020) in Q4 2021 vs. Q4 2020, 33.1 and increase of 5.6% vs. Q3 2021 29.0 25.5 26.6  Increased contribut

  7. Slide 7: Refrigeration, Air Conditioning & Automotive

    Summary End Markets Outlook P&L / Balance Sheet Guidance Refrigeration, Air Conditioning & Automotive Q4 2021 Sales to End Market Refrigeration, Air Conditioning &  Q4 2021 slight sales increase of 2.5% to (in MUSD) Automotive +6.7% CAGR (2015 - 2020) USD 24.5 million vs. Q4 2020, and increase of 1

  8. Slide 8: Semi & Vacuum Coating

    Summary End Markets Outlook P&L / Balance Sheet Guidance Semi & Vacuum Coating Solar, Display, Optics & Semiconductor Q4 2021 Sales to End Market Semi & Vacuum Coating  Sales Q4 2021 increase of 47.6% vs. Q4 2020, +14.5% CAGR (2015 - 2020) and increase of 30.9% vs. Q3 2021 to USD 77.5 (in MUSD) mil

  9. Slide 9: General Vacuum

    Summary End Markets Outlook P&L / Balance Sheet Guidance General Vacuum Q4 2021 Sales to End Market General Vacuum  Q4 2021 sales increase by 15.7% to USD 36.8 +1.1% CAGR (2015 - 2020) (in MUSD) million vs. Q4 2020, and 9.9% vs. Q3 2021  Record quarter, driven by Private Label (EU) 133.5 and China

  10. Slide 10: Outlook 2022

    Summary End Markets Outlook P&L / Balance Sheet Guidance Outlook 2022 “Sales growth largely depends on how fast delivery bottlenecks are resolved” (supply chain issues, process & calibration capacities, space and manpower)  Ongoing strong semiconductor market (Industry 4.0, IoT, Big Data, 5G, AI &

  11. Slide 11: Speaker Matthias Tröndle, Vice President and CFO

    Summary End Markets Outlook P&L / Balance Sheet Guidance Speaker Matthias Tröndle, Vice President and CFO  Financials Q4 2021 and FY 2021  Proposed Cash Distribution  Guidance March 3, 2022 11

  12. Slide 12: Sales

    Summary End Markets Outlook P&L / Balance Sheet Guidance Sales (in MUSD) 144.5 FX-Effect +18.2% 144.5 -1.3 MUSD +23.6% 122.2 116.9 Q4 2020 Q4 2021 Q3 2021 Q4 2021 Year-over-year: increase in all markets Sequential: increase in all markets except Security & Energy March 3, 2022 12

  13. Slide 13: Geographic Sales Breakdown – Quarter

    Summary End Markets Outlook P&L / Balance Sheet Guidance Geographic Sales Breakdown – Quarter (in MUSD) Europe Asia North America +31.2% 74.5 56.8 +3.7% +33.2% 32.7 33.9 34.9 26.2 28.1% 23.5% 48.6% 51.6% 22.4% 24.2% Q4 2020 Q4 2021 Q4 2020 Q4 2021 Q4 2020 Q4 2021 All regions with growth; Asia-Pacifi

  14. Slide 14: Gross Profit, Costs, and Operating Income

    Summary End Markets Outlook P&L / Balance Sheet Guidance Gross Profit, Costs, and Operating Income SG&A (in MUSD) Operating Income (in MUSD) Gross Profit Margin +7.8% R&D (in MUSD) +44.7% 31.1 -44 bps 24.9 21.5 47.1% 46.7% 23.1 +8.5% 10.6 11.5 18.4% 21.5% of NS of NS Q4 2020 Q4 2021 Q4 2020 Q4 2021

  15. Slide 15: Net Income and EPS Development

    Summary End Markets Outlook P&L / Balance Sheet Guidance Net Income and EPS Development Net Income (in MUSD) Income Tax (in MUSD) EPS (in USD, diluted) +53.8% +13.5% 26.3 4.2 17.1 +53.7% 3.7 14.6% 18.2% 10.76 of NS of NS 7.00 Q4 2020 Q4 2021 Q4 2020 Q4 2021 Q4 2020 Q4 2021  Income tax: Tax rate of

  16. Slide 16: Balance Sheet Highlights

    Summary End Markets Outlook P&L / Balance Sheet Guidance Balance Sheet Highlights (in MUSD) Balance Sheet Structure 2021 Q4 21 Q4 20 MUSD 365.2 MUSD 365.2 Net Cash 54.6 40.9 DSO 52.4 51.1 Fixed assets 28% Inventory Turns 3.2 2.8 Other non‐ Working Capital 151.8 128.9 3% current assets 69% Equity Ope

  17. Slide 17: Fiscal Year 2021 Results

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance FISCAL YEAR 2021 RESULTS March 3, 2022 17

  18. Slide 18: Full Year Sales (in USD million)

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Full Year Sales (in USD million) 515.8 +29.7 397.8 261.4 191.0 21.1 19.7 99.8 79.7 107.5 133.5 YTD 2020 YTD 2021 Sales increase in all end-markets. Semi & Vacuum Coating and General Vacuum with strongest growth; Organic increase o

  19. Slide 19: Geographic Sales Breakdown – Full Year

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Geographic Sales Breakdown – Full Year Asia North America Europe 248.0 +43.7% 172.6 +14.9% +22.3% 133.6 128.1 116.2 104.7 FY 2020 FY 2021 FY 2020 FY 2021 FY 2020 FY 2021 Sales growth in Asia and North America driven by Semi & Vacu

  20. Slide 20: Gross Profit, Costs, Operating Income (YoY)

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Gross Profit, Costs, Operating Income (YoY) Operating Income Gross Profit Margin R&D (in MUSD) SG&A (in MUSD) (in MUSD) +14.2% +62.2% 100.4 62 bps +20.5% 47.0 39.0 99.5 61.9 47.3% 47.9% 87.1 15.6% of 19.5% of NS NS FY 2020 FY 2021

  21. Slide 21: Net Income and EPS development (YoY)

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Net Income and EPS development (YoY) Income Tax (in MUSD) Net Income (in MUSD) EPS (in USD, diluted) 19.3 +62.6% 32.87 +82.1% +62.9% 80.3 10.6 20.21 49.3 12.4% 15.6% of NS of NS FY 2020 FY 2021 FY 2020 FY 2021 FY 2020 FY 2021  In

  22. Slide 22: Key Balance Sheet data (YoY)

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Key Balance Sheet data (YoY) Operating Cash Flow CapExp Working Capital ($M and % of Sales) ($M and % of Sales) ($M and % of Sales) Equity Ratio 16.5% 3.6% 5.9% 27.6% 26.3% 12.7% 73.0% -386 bps 69.2% 85.1 30.3 151.8 128.9 50.5 14.

  23. Slide 23: Distribution Proposal

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance DISTRIBUTION PROPOSAL March 3, 2022 23

  24. Slide 24: Distribution for 2021

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance Distribution for 2021  Strong Balance Sheet and Cash Generation  USD 54.6 million net cash  Shareholders’ equity ratio at 69.2%  Board of Directors intends to propose a cash distribution of CHF 21 per share  CHF 17.90 as ordi

  25. Slide 25: Guidance FY 2022 and Corporate Communication Calendar

    Summary End Markets Outlook P&L / Balance Sheet Distribution Guidance GUIDANCE FY 2022 AND CORPORATE COMMUNICATION CALENDAR March 3, 2022 25

  26. Slide 26: Full Year 2022 Guidance

    Summary End Markets Outlook P&L / Balance Sheet Guidance Full Year 2022 Guidance Sales (MUSD) 550-600 516 Guidance 2022 410 382 398 374 The business situation and trends in our 310 end-markets continue to look quite positive. Although the current economic and geo- political situation remains neverth

  27. Slide 27: Corporate Calendar FY 2021/22

    Summary End Markets Outlook P&L / Balance Sheet Guidance Corporate Calendar FY 2021/22  Annual General Meeting of Shareholders March 31, 2022  Q1 2022 Earnings Web Conference April 22, 2022  Q2 and Half-year 2022 Earnings Web Conference July 28, 2022 **Earnings dates are subject to change** March

  28. Slide 28: Thank You! Q&A

    Q) INFICON Inspired by visions. Proven by success. THANK YOU! Q&A

INFICON Holding — Q4 2021 and FY2021 Earnings Presentation on 6ix