Pcb Technologies Ltd. · TASE:PCBT
Pcb Technologies — Q2 2024 Earnings Presentation
20 slides from Pcb Technologies's earnings presentation, August 2024
Slide 1: PCB All-in-One Solutions Q2 2024 Company Presentation
A blue and white computer screen with a person in a wheelchair Description automatically generated PCB All-in-One Solutions Q2 2024 Company Presentation August 2024
Slide 2: Forward looking statement
Forward looking statement Disclaimer The information contained herein is a summary only, and does not exhaust all the Any forward-looking information is based on current estimates and assumptions, among information about the Company or its operations, nor does it replace a review of the others, by t
Slide 3: PCB Technologies at a Glance
PCB TECHNOLOGIES at a Glance Advanced IC Packaging Providing All-in-One, Cutting-Edge Hardware Electronics Technology Legacy: Innovation: Since 1981 Strong R&D and Engineering Team -15% HQ is in Israel of employees. 720 employees New Products - 25% of Total Revenue +100 customers programs Diversifie
Slide 4: Company History
Company History 1981 2004 2018 2022 Established Galil Microwaves PCI acquisitions AMS acquisition acquisition 2000 2004 2018 2023 PCB Assembly – China operations FIMI takes over iNPACK enhanced capabilities inauguration 2018 | 100M$ 2022 | 128M$ 2023 | 136M$ revenue revenue revenue Leading All in On
Slide 5: Corporate Structure
Corporate Structure PCB Technologies Publicly Listed iNPACK Technologies (100% owned) AMS Electronic Assembly (100% owned) All in One Solutions © 2022. All rights reserved. PCB Technologies Ltd. 5
Slide 6: High-End Technologies
High-End Technologies PCB Technologies Ltd. solutions enabling the most advanced electronics applications & technologies PCBs & Substrates IC Packaging PCBA & Final Product (Circuits Division) (iNPACK Division) (Assembly Division) • Printed circuit boards designed to support • Complete design & manu
Slide 7: … to enable High-End Applications
… to enable High-End Applications PCB Technologies Ltd. solutions enabling the most advanced electronics applications & technologies Defense Medical Radar ADAS Drones Medical PCBs & Substrates IC Packaging PCBA + Final Product Industrial Instruments Aerospace RF Communication Medical (Miniaturizatio
Slide 8: Providing Solutions for Leading Defense & Aerospace Programs
Providing Solutions for Leading Defense & Aerospace Programs Eitan APC - Iron DOME - Arrow 3 - Optical Seeker - Navigation system Radar System Missile Program Antennas OVER 100 PROGRAMS: Providing PCB Solutions: • High Frequency • High Reliability • High Power Performance, durability & long life, ev
Slide 9: Impacting Medical Device Technology That Can Change Lives
Impacting Medical Device Technology That Can Change Lives END-TO-END FULL ASSEMBLY SOLUTION: Utilizing our All-in-One Methodology for complete, complex Medical Devices - starting from PCB right through to final product assembly. PCBA for MRI system Respiratory Monitoring - Complete System PCB Techno
Slide 10: Creating Precision Industrial Instruments for Complex Challenges
Creating Precision Industrial Instruments for Complex Challenges ALWAYS UP ON TECH: Offering innovative solutions that provide both products and entire systems for a wide range of critical industrial sectors, including: Semiconductor Aggrotech, National Utility Grids and the latest PCBA for 5G Satel
Slide 11: Markets Mega Trends
Markets Mega Trends All in One Solutions © 2022. All rights reserved. PCB Technologies Ltd. 11
Slide 12: End-Market Growth Drivers & Outlook
End-Market Growth Drivers & Outlook Segment Company US+EU Total PCB & Substrate IC Packaging Assembly & Final Company Segment CAGR % Share *EMS Market Size Market Size(B$) Market Size (B$) Product Market Addressable (2024-2030) from 2023 2024 (B$) Size (B$) Market 2024 (B$) Revenue Aerospace 35% 45
Slide 13: Unique One-Stop Shop for integrated Hardware Electronics Manufacturing
Unique ONE-STOP SHOP for integrated cutting-edge Hardware Electronics Manufacturing Advanced IC Packaging Added Value to Customers: Improved time to market Better yield processes More flexibility in design Smarter customization Lower development costs OSATs EMS/ From prototype to mass production Pac
Slide 14: Key Business Highlights
Key Business Highlights 14
Slide 15: Diversified end-market mix with a growing Aerospace & Defense segment
Diversified end-market mix with a growing Aerospace & Defense segment Industrial Aerospace Instruments & Defense 34% 35% Medical 31% Based on 2023 Sales By Main Industries 15 Financial Overview © 2022. All rights reserved. PCB Technologies Ltd. 15
Slide 16: Sales Trend K$
Sales Trend K$ $150,000 $139,385 $140,000 $135,091 $136,091 $136,741 $132,530 $133,846 $130,000 $128,462 $124,143 $121,591 $120,000 $110,000 $100,000 $90,000 $80,000 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Trailing 12 Months Linear (Trailing 12 Months) Consistent Growth in Sales Financ
Slide 17: Consolidate EBITDA & GP Trends K$
Consolidate EBITDA & GP Trends K$ CAGR GP TTM Q2-22>>Q2-24: 17.1% $6,482 CAGR EBITDA TTM Q2-22>>Q2-24: 17.0% $5,289 $4,673 $4,698 $4,327 $4,213 $3,305 $3,224 $3,405 $3,371 $3,246 $2,984 $2,801 $2,506 $1,564 $1,247 $1,122 $1,038 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 EBIDTA GP Ongoing
Slide 18: Circuits Division GP K$ Trend
Circuits Division GP K$ Trend 6,000 40.0% CAGR TTM Q2-22>>Q2-24: 11.0% $4,956 35.0% 5,000 $4,148 30.0% 4,000 $3,778 27.0% 25.0% $2,968 $2,964 $2,968 $3,006 24.0% 3,000 22.8% 20.0% $2,596 19.2% $2,320 19.3% 19.0% 18.5% 15.0% 2,000 15.0% 14.0% 10.0% 1,000 5.0% 0 0.0% Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-2
Slide 19: Backlog & Long Term Agreements (LTA) M$
Backlog & Long Term Agreements (LTA) M$ $183 $155 53% $98 63% 82% 46% 35% 18% 31.12.22 31.12.23 Q2-24* Circuits Assy iNPACK Circuits drive our backlog while total LTA show steady growth *Adjacent to the release date of Q2 2024 financial statements Financial Overview © 2022. All rights reserved. PCB
Slide 20: Thank You
Thank You