Incap Oyj · OMXHEX:ICP1V
Incap Oyj — Shareholder Meeting (April 2020)
30 slides from Incap Oyj's shareholder meeting presentation, Apr 20, 2020
Slide 1: Incap Annual General Meeting
INCAP ANNUAL GENERAL MEETING 20 April 2020 WWW.INCAPCORP.COM 1
Slide 2: CEO Review
CEO REVIEW 20 April 2020 WWW.INCAPCORP.COM 2
Slide 3: 2019 - A Year of Strong Growth
2019 - A YEAR OF STRONG GROWTH OTTO RICHARD PUKK President and CEO WWW.INCAPCORP.COM 3
Slide 4: Incap – A Trusted Partner in EMS
INCAP – A TRUSTED PARTNER IN EMS ● Broad offering with a complete range of services throughout the manufacturing value chain. ● Incap’s state-of-the-art technology, highly qualified personnel and entrepreneurial culture add value to customers ranging from large multinationals to small start-ups. ● I
Slide 5: Growing EMS Industry
GROWING EMS INDUSTRY Incap operates in the growing electronics manufacturing services (EMS) industry. The growth is driven by the increasing use of electronics and global outsourcing trends. Incap also benefits from megatrends, such as: ● Globalisation and localisation ● Climate change and energy tr
Slide 6: Strong Growth Continued During 2019
STRONG GROWTH CONTINUED DURING 2019 ● Revenue increased organically by 20.5 % to EUR 71 million based on growing demand from both established and new customers. ● Operating profit (EBIT) increased to EUR 10.1 million, corresponding to 14.2 % of revenues. NB! Numbers do not include AWS Electronics, a
Slide 7: 2019 Growth in Volumes
2019 GROWTH IN VOLUMES ● Growing demand from both established and new customers. ● Growth mainly from electronic appliances such as light vehicles and industrial applications. ● Europe remains our main market. Sales to North-America and Africa increased significantly. Share of revenue per region in
Slide 8: Continuous Improvement in 2019
CONTINUOUS IMPROVEMENT IN 2019 • Focus on maintaining our lean operational model, strong cost-awareness and entrepreneurial culture. • Efficiency and flexibility of our production lines in India and Estonia further increased. • Good results from customer satisfaction survey. • Increased quality trai
Slide 9: HR in Numbers and by Location
HR IN NUMBERS AND BY LOCATION * After the acquisitions of AWS from January 2020 the total number of Incap personnel is around 1,300 WWW.INCAPCORP.COM 9
Slide 10: A Great Team
A GREAT TEAM ● Great results achieved with a highly professional and entrepreneurial team. ● Incap’s top-quality and efficiency are based on seamless teamwork throughout the hole production and delivery chain. ● The dedicated team spirit can also be seen in our low employee turnover rate. ● We aim t
Slide 11: Five Years in Numbers
FIVE YEARS IN NUMBERS WWW.INCAPCORP.COM 11
Slide 12: Share Information
SHARE INFORMATION WWW.INCAPCORP.COM 12
Slide 13: Group Structure
GROUP STRUCTURE Incap Corporation Incap Contract Incap Electronics Manufacturing Incap Electronics Incap Hong Incap Electronics UK Slovakia Services Pvt. Ltd. Estonia OÜ Kong Limited (2020) (2020) WWW.INCAPCORP.COM 13
Slide 14: European EMS Market Is Changing
EUROPEAN EMS MARKET IS CHANGING ● A paradigm shift in the EMS market since 2018. ● The game changer: the US-China trade war. ● Geographic change ongoing in manufacturing: production moving from China to other Asian countries as well as Eastern Europe ● Customer desire to bring production closer to d
Slide 15: The Market Is Growing and Consolidating
THE MARKET IS GROWING AND CONSOLIDATING ● Clear growth trend in the European EMS market: the European EMS market exceeded EUR 40 billion in 2018 and is forecasted to be EUR 53.5 billion in 2022. ● Most of the growth is driven by the biggest EMS companies and smaller EMS companies find it harder to s
Slide 16: Acquisition of AWS Electronics
ACQUISITION OF AWS ELECTRONICS Thanks to the acquisition in the beginning of 2020 Incap: ● is able to significantly widen the customer base ● has entered into new market segments ● has increased its geographic presence and set a new strategic foothold in the UK, Central Europe, USA and South-Asia ●
Slide 17: Strong Balance Sheet and Modern Machinery
STRONG BALANCE SHEET AND MODERN MACHINERY WWW.INCAPCORP.COM 17
Slide 18: Moving Forward
MOVING FORWARD ● As an Electronic Manufacturing Service provider we always need to be prepared to adjust quickly to changes in the market. ● 5G and other megatrends support growth in EMS business in general. ● Trade war, current pandemic and other factors present opportunities for growth in our unit
Slide 19: In 2020 Incap will celebrate
In 2020 Incap will celebrate: InCap Estonia 20 years InCap Corporation 35 years WWW.INCAPCORP.COM 19
Slide 20: Thank You!
THANK YOU! AT YOUR SERVICE OTTO PUKK President and CEO at Incap Corporation [email protected] WWW.INCAPCORP.COM 20
Slide 21: Financial Statements 2019
FINANCIAL STATEMENTS 2019 ANTTI PYNNÖNEN CFO 20 April 2020 WWW.INCAPCORP.COM 21
Slide 22: Strong Year for Incap
STRONG YEAR FOR INCAP WWW.INCAPCORP.COM 22
Slide 23: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT WWW.INCAPCORP.COM 23
Slide 24: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET WWW.INCAPCORP.COM 24
Slide 25: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET WWW.INCAPCORP.COM 25
Slide 26: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT WWW.INCAPCORP.COM 26
Slide 27: Five-Year Key Figures
FIVE-YEAR KEY FIGURES WWW.INCAPCORP.COM 27
Slide 28: Dividend Proposal
DIVIDEND PROPOSAL ● A dividend payment of a maximum of EUR 0.35 per share from the profits of the financial year 2019 to be distributed in one or several instalments at a later stage based on the Board of Directors’ assessment. If the Board of Directors decides to exercise the authorization, the com
Slide 29: Thank You
THANK YOU 20 April 2020 WWW.INCAPCORP.COM 29
Slide 30: Incap Corporation
Incap Corporation More information: www.incapcorp.com www.awselectronicsgroup.com WWW.INCAPCORP.COM 30