Cherry Se · XETR:C3RY
Cherry — Non-Deal Roadshow (June 2024)
23 slides from Cherry's roadshow presentation, Jun 17, 2024
Slide 1: Cherry SE Investor Presentation – Lugano Roadshow
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of Cherry SE and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materi
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: CHERRY Who We Are
CHERRY® WHO WE ARE 4 ENTER EXCELLENCE Our Promise CHERRY is a globally operating developer and manufacturer of high-end input devices and solutions. With our hardware, software and cloud services, we enable people to participate in the digital world. Solution-driven and customer focused, CHERRY cont
Slide 5: CHERRY Who We Are – Our Markets
CHERRY® WHO WE ARE 5 ENTER EXCELLENCE Our Markets 4 cw) billion gamers worldwide
Slide 6: Keyboards and Mice, Microphones, Switches
Keyboards and Mice Microphones Switches
Slide 7: Our Signature Products
Slide 8: Customized Solutions, User Driven Development
Customized User Driven Solutions lopment ~ Outstanding Highly Client Support Ergonomic Design
Slide 9: A Selection of Awards We Won
CHERRY® ENTER EXCELLENCE WHAT WE DO A Selection of Awards We Won Juries worldwide have honored the outstanding quality of our products and services, their highly innovative design, our focus on sustainability and customer satisfaction. reddot Red Dot Award recognizes design excellence. GERMAN a) DES
Slide 10: >70 Years of Innovation and German Engineering
CHERRY® WHAT WE DO 10 ENTER EXCELLENCE >70 Years of US Innovation and German Engineering Launch of Germany's leading eHealth terminal Extended portfolio to include hygiene desktops IPO Introducing Invention of worlds ; MX Ultra Low SaaS and Founded by first mechanical MX Low Profile Profile Switch C
Slide 11: CHERRY Worldwide
CHERRY® OUR GLOBAL PRESENCE 13.05.24 a ENTER EXCELLENCE CHERRY Worldwide We are an international powerhouse. Our design, development and manufacturing teams work across 4 countries. Our core sales network spans 30+ countries, with numerous more countries supplied by distribution partners.
Slide 12: Our Global Development & Production
CHERRY® OUR GLOBAL PRESENCE 12 ENTER EXCELLENCE Our Global Development & Production Cherry SE Cherry Europe/ Cherry Embedded Zhuhai Cherry Cherry XTRFY / Germany Solutions / Austria Electronics / China Sweden Auerbach e Innovation for MX and Development / manufacturing ULP product lines as well of S
Slide 13: Slide 13
Slide 14: Segment overview (GOP, DH&S, COMP)
* GOP = Gaming and Office Peripherals, DH&S = Digital Health & Solutions, COMP = Components
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Slide 16: Management taking action to turn around Cherry
Management taking action to turn around Cherry Prudent and conservative balance sheet adjustment Financing secured Cost cutting targets 2024 = 2023 marks Cherry's turn of time, from overpromising until 2023 to delivery from 2024 onwards = Successful clean-up of operating structure by COO Dr. Udo Str
Slide 17: Business Strategy – It's All About Execution & Relevance
BUSINESS STRATEGY - ITS ALL ABOUT EXECUETION & RELEVANCE 2024 revenues € 140m - € 150m EBITDA margin 7-8% driven by organic growth PROFITABILITY Strict cost management Restructuring program COST AND LIQUIDITY Streamlined product portfolio MANAGEMENT Debt reduction & internal financing Focus on growt
Slide 18: Segment overview (GOP, DH&S, COMP)
* GOP = Gaming and Office Peripherals, DH&S = Digital Health & Solutions, COMP = Components
Slide 19: Outlook
OUTLOOK
Slide 20: Divisions Positioned for Growth
CHERRY® ENTER EXCELLENCE 21 DIVISIONS POSITIONED FOR GROWTH Components keyboard & notebook switches = Start of China assembly for partner products by mid-year to drive pricing flexibility and regain tracking with Global Keyboard brands = Successfully launched first keyboard and peripheral devices wi
Slide 21: FY Outlook: Double Digit Topline Growth
FY OUTLOOK: DOUBLE DIGIT TOPLINE GROWTH an Company forecast on 2024 revenues: € 140m - 150m / 11% - 19% 145.0 145 140 135.0 135 €m 130 126.5 125 120 115 FY 2023 Consensus CHERRY Forecast Midpoint
Slide 22: Outlook FY 2024: Profitability to Increase
OUTLOOK FY 2024: PROFITABILITY TO INCREASE See. .7P Pl. YOY - Forecast on 2024 adj. EBITDA margin 2024: 7-8% 7.5% 1% 6.7% 2% 1.6% i i 0%
Slide 23: IR Contact