Cicor Technologies · SIX:CICN
Cicor Technologies — H1 2014 Earnings Presentation
13 slides from Cicor Technologies's earnings presentation, Aug 21, 2014
Slide 1: 2014 Half-Year Results
2014 Half-Year Results 21 August 2014 Patric Schoch (CFO and acting CEO) 2014 Half-Year Results I 21.08.2014 I 1
Slide 2: Disclaimer
Disclaimer The information in this presentation does not constitute an offer or invitation and may not be construed as a recommendation by us to purchase, hold or sell shares of Cicor Technologies Ltd. This information or any copy thereof may not be sent or taken to or distributed in any jurisdictio
Slide 3: Profile
Profile The Cicor Group Global acting Swiss group of leading PCB (Printed Circuit Boards) Microelectronics, Substrates and Electronic Solutions (Electronic Manufacturing Services) companies Organized into two Divisions (Advanced Microelectronics & Substrates and Electronic Solutions) Fro
Slide 4: Customer references
Customer references Extract only Cicor respects customer confidentiality 2014 Half-Year Results I 21.08.2014 I 4
Slide 5: Summary 2014 half-year results
Summary 2014 half-year results Successful first half of 2014 - orders received and sales above CHF 100 mio Cicor is continuing to grow and to strengthen its performance. In HY1 2014, sales reached CHF 103 mio, which represents an increase of 9% on the first half of 2013 (+11% in LC). Strong gr
Slide 6: Financial achievements HY1 2014
Financial achievements HY1 2014 (all figures in CHF mio at actual FX rates) Orders received Net sales EBIT EBITDA EBT Net profit (before minorities) +0.4% +9.1% 99.7 100.2 102.9 +18.1% 94.3 8.5 7.2 +24.9% +29.8% 3.6 +48.6% 7.6% 8.2% 2.9 2.4 1.9 1.8 3.0% 3.5% 1.2 (ROS) 2.0% 2.4% 1.3% 1.7% 2013 2014 2
Slide 7: Half-year results 2012 - 2014
Half-year results 2012 - 2014 (all figures in CHF mio at actual FX rates) 1st half-year +9.1% 2nd half-year 102.9 94.3 91.6 96.2 84.4 Net Sales 2012 2013 2014 2012 2013 2014 +18.1% 10.4 8.5 8.8 7.2 6.5 EBITDA 2012 2013 2014 2012 2013 2014 2014 Half-Year Results I 21.08.2014 I 7
Slide 8: Net Profit development HY1 2014
Net Profit development HY1 2014 3 +0.6 (+48.6%) 0.6 -0.6 2 -0.2 1.8 in CHF mio 0.0 0.7 1.2 1 1.7% 1.3% (ROS) 0 2013 Margin and Overhead Depr. & Financial Tax 2014 volume and others Amort. result expenses No material impact from IAS19 compared to HY1 2013 2014 Half-Year Results I 21.08.2014 I 8
Slide 9: Divisional Results HY1 2014
Divisional Results HY1 2014 ES compensating for AMS Sales by industry (all figures in TCHF at actual FX rates) Aerospace Other ES 2013 2014 %YoY & defence Watches & consumer 5% 9% Communication 12% 8% Sales 62 897 75 045 +19,3% Automotive & transport 10% EBITDA 4 687 6 432 +37,2% 27% Industrial 29%
Slide 10: Capex and depreciation for PPE
Capex and depreciation for PPE* Considerably lower investments in HY1 PPE Capex in TCHF PPE Depreciation in TCHF Capex / Depreciation ratio Average 2009 – HY1 2014 = 1.2 15 293 1.9 1.9 2.0 13 168 1.8 1.6 8 452 7 849 1.4 8 033 7 059 1.2 6 592 6 820 1.2 5 908 Mid-term Target Corridor 4 200 1.0 4 268 3
Slide 11: Consolidated income statement
Consolidated income statement in TCHF HY1 HY1 in % in % %YoY 2013 2014 Net sales 94 251 100.0% 102 873 100.0% 9.1% Material expenses -46 401 -49.2% -52 439 -51.0% 13.0% Operating expenses -40 670 -43.2% -41 952 -40.8% 3.2% Depreciation and amortization -4 327 -4.6% -4 920 -4.8% 13.7% EBIT 2 853 3.0%
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet in TCHF 31.12.2013 in % 30.06.2014 in % Current assets 90 522 40.0% 97 877 42.1% Non-current assets 135 777 60.0% 134 409 57.9% Total Assets 226 299 100.0% 232 286 100.0% Current liabilities 41 730 18.4% 46 067 19.8% Non-current liabilities 58 716 25.9% 58 993 25.4% Equity
Slide 13: Investor Relations
Investor Relations Agenda and contacts IR Agenda 2014 / 2015 1 October 2014 Investora Zürich 11 March 2015 Annual report 2014 23 April 2015 Annual Shareholder’s Meeting Investor Relations Contacts Cicor Management AG Antoine Kohler, Chairman, and Patric Schoch, CFO WTC, Leutschenbachstrasse 95 8050