Incap Oyj · OMXHEX:ICP1V
Incap Oyj — Investor Presentation (April 2022)
30 slides from Incap Oyj's investor presentation, April 2022
Slide 1: Investor Presentation April 2022
INVESTOR PRESENTATION April 2022 INCAPCORP.COM INCAPCORP.COM
Slide 2: Contents
CONTENTS 1. This is Incap 2. Strategy 3. Corporate responsibility 4. Financials 5. Share and owners 6. Management INCAPCORP.COM
Slide 3: This is Incap
THIS IS INCAP
Slide 4: Incap - a trusted partner in EMS
INCAP - A TRUSTED PARTNER IN EMS AGILE ● Global EMS company supporting customers ranging from large multinationals and mid-sized companies to small start-ups in their complete manufacturing value chain FLEXIBLE ● State-of-the-art technology backed up by an entrepreneurial culture and highly qualifie
Slide 5: Operations
OPERATIONS PCB assembly Box build Prototyping and Customised Test manufacturing assembly engineering solutions development INCAPCORP.COM
Slide 6: Global operations
GLOBAL OPERATIONS Headquarters: Factory: Helsinki Kuressaare FINLAND ESTONIA Factory: Newcastle-under-Lyme, UK • 4,400m2 • Defence, security and aerospace Sourcing office: Hong Kong CHINA Factory: Factory: Kuressaare, Estonia Newcastle- • 7,300m2 under-Lyme • Electronics, box-build products UK Facto
Slide 7: 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 8: Strategy
STRATEGY
Slide 9: Growth strategy: focus on three strategic cornerstones
GROWTH STRATEGY FOCUS ON THREE STRATEGIC CORNERSTONES OPERATIONAL GROWTH PROFITABILITY EXCELLENCE Driven by ● Maintaining unique and ● Investments in high ● Growing use of electronics efficient business model quality technology and in ● Strong cost awareness and know-how of personnel ● Outsourcing t
Slide 10: Incap as an investment
INCAP AS AN INVESTMENT GROWING INDUSTRY STRONG TRACK RECORD FLEXIBLE AND SCALABLE OPERATIONAL MODEL ● Electronics manufacturing ● Strong track record of revenue ● Competence and flexibility to services (EMS) market growth growth support clients of most driven by growing use of ● Outstanding profitab
Slide 11: Incap as an investment
Incap as an investment STRONG ENTREPRENEURIAL AND SKILLED AND EMPOWERED BROAD CUSTOMER OFFERING CUSTOMER DRIVEN CULTURE PERSONNEL ● Value creation and long-term ● Decentralised operations driven ● Decentralised decision-making customer relationships by by the customers and their enables employees to
Slide 12: Corporate responsibility
CORPORATE RESPONSIBILITY
Slide 13: Corporate responsibility
CORPORATE RESPONSIBILITY ● Incap’s Corporate Responsibility Programme established in 2020 ● CR report (GRI referenced) published annually ● Supports UN’s Sustainable Development Goals ● Social responsibility: well-being of employees, fair and ethical behaviour towards all stakeholders ● Environmenta
Slide 14: ISO quality standards
ISO QUALITY STANDARDS ● International quality management system ISO 9001 ● Environmental management system ISO 14001 ● Occupational health and safety management system ISO 45001:2018 ● Certificate for manufacturing medical devices according to quality management system ISO 13485 ● Automotive industr
Slide 15: Financials
FINANCIALS
Slide 16: January-March 2022: revenue and EBIT growth continued
JANUARY-MARCH 2022 REVENUE AND EBIT GROWTH CONTINUED +41% REVENUE Revenue increased organically 41% to EUR 53.3 million. 53.3 MILLION Operating profit (EBIT) increased to EUR 6.8 million, corresponding to 12.7% of revenue. +23% EBIT INCAPCORP.COM
Slide 17: Revenue, EBIT and EBIT margin per quarter 1Q19-1Q22
REVENUE, EBIT AND EBIT MARGIN PER QUARTER 1Q19-1Q22 EUR 60 EUR 9 18,0 % million million 8 16,0 % 50 7 14,0 % 40 6 12,0 % 5 10,0 % 30 4 8,0 % 20 3 6,0 % 2 4,0 % 10 1 2,0 % 0 0 0,0 % 19 19 19 19 20 20 20 20 21 21 21 21 22 19 19 19 19 20 20 20 20 21 21 21 21 22 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1Q
Slide 18: Annual revenue, EBIT and EBIT margin 2016-2021
ANNUAL REVENUE, EBIT AND EBIT MARGIN 2016-2021 EUR 180 EUR 30 18,0 % million million 160 16,0 % 25 140 14,0 % 120 20 12,0 % 100 10,0 % 15 80 8,0 % 60 10 6,0 % 40 4,0 % 5 20 2,0 % 0 0 0,0 % 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021 Revenue EBIT EBIT % INCAPCORP.COM
Slide 19: Earnings per share 2016-2021
EARNINGS PER SHARE 2016-2021 EUR 4 3,60 3,5 3 2,5 2,02 2 1,44 1,5 1,34 1 0,72 0,49 0,5 0 2016 2017 2018 2019 2020 2021 INCAPCORP.COM
Slide 20: Key figures 2020-2021
KEY FIGURES 2020-2021 2021 2020 Revenue, EUR million 169.8 106.5 Operating profit (EBIT), EUR million 26.0 12.6 Share of revenue, % 15.3 11.8 Adjusted operating profit (EBIT), EUR million 26.8 14.6 Share of revenue, % 15.8 13.7 Profit for the period, EUR million 21.1 9.2 Earnings per share, EUR 3.60
Slide 21: Outlook for 2022
OUTLOOK FOR 2022 Incap estimates that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) for 2022 will be higher than in 2021. The estimates are given provided that there are no major negative changes in the geopolitical or coronavirus pandemic situation, currency exchange rat
Slide 22: Share and owners
SHARE AND OWNERS
Slide 23: Incap's share
INCAP’S SHARE ● One series of shares and a total of 5,849,327 shares ● Share capital registered in the trade registry is EUR 1,000,000 ● The company does not own any of its own shares ● Listed in Helsinki Stock Exchange since 1997 INCAPCORP.COM
Slide 24: Shareholders
SHAREHOLDERS ● Approximately 4,600 shareholders ● 20 biggest owners listed in the table ● Nominee-registered holding not included INCAPCORP.COM
Slide 25: Management
MANAGEMENT
Slide 26: Board of Directors
BOARD OF DIRECTORS Ville Vuori Päivi Jokinen Carl-Gustaf von Troil Kaisa Kokkonen B.Sc. (Eng.), eMBA, M. Sc. (Econ.), B. Sc. (Eng.), M. Sc. (Econ.), born 1973 born 1968 born 1954 HT-auditor, CBM, Chairman of the Board born 1962 INCAPCORP.COM
Slide 27: Group Management Team
GROUP MANAGEMENT TEAM Otto Pukk Greg Grace Murthy Munipalli Jamie Maughan Miroslav Michalik Antti Pynnönen M.Sc.B.E., BA, M. Sc. (Eng.), MBA, HND, MBA General M. Sc. (Econ.), born 1978 born 1971 born 1964 born 1972 Management, born 1982 President and CEO of born 1976 Director of Operations, Director
Slide 28: Why invest in Incap
WHY INVEST IN INCAP ● Growing industry ● Strong financial track record ● Flexible operational model ● Presence in Europe and Asia ● Broad customer offering ● Strong entrepreneurial and customer driven culture ● Committed to corporate and social responsibility ● Skilled and empowered personnel INCAPC
Slide 29: Thank you!
THANK YOU! 29 INCAPCORP.COM
Slide 30: Incap Corporation
INCAP CORPORATION A trusted partner and full service provider in Electronics Manufacturing Services