Inficon Holding Ag · SIX:IFCN

Inficon — Q3 2015 Earnings Presentation

20 slides from Inficon's earnings presentation, Oct 21, 2015

  1. Slide 1: Q3 2015 Earnings Conference Call

    Q3 2015 EARNINGS CONFERENCE CALL October 21, 2015 Bad Ragaz, Switzerland

  2. Slide 2: Speakers

    Speakers Lukas Winkler, President and CEO  Key figures Q3 2015  Target market business review  Expectations 2015 Matthias Tröndle, Vice President and CFO  Financials Q3 2015  Key financials Q3 2015  Guidance Q3 2015 Earnings Conference Call October 21, 2015 2

  3. Slide 3: Lukas Winkler

    Lukas Winkler INFICON President and Chief Executive Officer

  4. Slide 4: Q3 2015 – Key Figures

    Q3 2015 – Key Figures  Sales increase in Specific Vacuum Process Industries and Refri- geration & Air Conditioning markets while General Vacuum Pro- cesses and Emergency Response & Security markets decreased • Organic sales increase of 5.2% to USD 72.4 million over Q3 2014, negative F/X impacts of

  5. Slide 5: Net Sales by End Market

    Net Sales by End Market USD 72.4 million in Q3 2015 vs. USD 72.7 million a year ago (-0.4%; organically +5.2%) Q3 2015 Earnings Conference Call October 21, 2015 5

  6. Slide 6: Specific Vacuum Process Industries

    Specific Vacuum Process Industries Solar, Display, Optics & Semiconductor Q3 2015 Sales to End Market  Q3 2015 sales increase 15% vs. Q3 2014, Specific Vacuum Process Industries 15.7% CAGR (2009 - 2014) mainly driven by higher demand from Semiconductor business (in MUSD) 110.7 102.1  Sequential in

  7. Slide 7: Emergency Response & Security

    Emergency Response & Security Q3 2015 Sales to End Market Emergency Response & Security  Q3 2015 sales decrease of 6% vs. Q3 2014 9.8% CAGR (2009 - 2014)  Increase vs. low Q2 2015 of 44% (in MUSD) 35.9  Top customers remain US and China 28.6 government agencies 27.2 22.0 18.2 Market Trends 13.9 

  8. Slide 8: Refrigeration & Air Conditioning

    Refrigeration & Air Conditioning incl. Automotive Q3 2015 Sales to End Market Refrigeration & Air Conditioning  Q3 2015 sales increase of 3% vs. Q3 2014 13.3% CAGR (2009 - 2014) (in MUSD)  Sequential decrease of 10% mainly due to 54.3 50.4 47.9 reduced sales to North American and 47.8 44.0 42.3 Eu

  9. Slide 9: General Vacuum Processes

    General Vacuum Processes Q3 2015 Sales to End Market General Vacuum Processes  Q3 2015 sales decrease 14% vs. Q3 2014 7.0% CAGR (2009 - 2014)  Sequential decrease of 3%, mainly due to (in MUSD) 132.6 124.7 lower sales to European customers (while 109.3 115.8 114.7 private label market improved sli

  10. Slide 10: Outlook 2015

    Outlook 2015 Challenging signals from different markets/regions  Reduced semiconductor capex plans, despite the increased demand for even more advanced and integrated electronic devices (semiconductor market)  China with renewed interests in high tech technology (Semi and OLED flat panel display t

  11. Slide 11: Matthias Tröndle

    Matthias Tröndle INFICON Vice President and Chief Financial Officer

  12. Slide 12: Sales (in USD million)

    Sales (in USD million) 72.7 72.4 72.4 68.7 ‐0.4% FX‐Effect +5.3% ‐ 4.1 Q3 14 Q3 15 Q2 15 Q3 15 Increase in Specific Vacuum Processes Industries and RAC, Strong increase in Specific decrease in General Vacuum Vacuum and ER&S vs. Q2 2015 Processes and ER&S markets Q3 2015 Earnings Conference Call Octo

  13. Slide 13: Geographic Sales Breakdown – Quarter

    Geographic Sales Breakdown – Quarter (in USD million) Europe Asia-Pacific North America ‐7.4% 27.1 24.1 ‐10.4% 25.1 +18.2% 21.6 24.7 20.9 33.1% 37.3% 34.7% 29.8% 28.7% 34.1% Q3 14 Q3 15 Q3 14 Q3 15 Q3 14 Q3 15 Decrease in Europe and Asia, increase in North America Q3 2015 Earnings Conference Call Oc

  14. Slide 14: Gross Profit, Costs and Operating Income

    Gross Profit, Costs and Operating Income R&D (in MUSD) Gross Profit Margin SG&A (in MUSD) Operating Income (in MUSD) ‐5.7% 50.5% ‐165 18.8 17.8 bps 48.9% ‐11.7% 11.1 +4.6% 11.6 6.7 6.0 15.3% 16.1% of NS of NS Q3 14 Q3 15 Q3 14 Q3 15 Q3 14 Q3 15 Q3 14 Q3 15  Gross profit margin: Decrease driven by p

  15. Slide 15: Net Income and EPS development

    Net Income and EPS development Net Income (in MUSD) EPS (in USD, diluted) Income Tax (in MUSD) +5.7% +8.1% 9.4 3.93 8.7 13% 3.72 of NS ‐10.6% 12% of NS 2.5 2.2 Q3 14 Q3 15 Q3 14 Q3 15 Q3 14 Q3 15  Income tax: Decrease due to EBIT development, tax rate in expected range  Net income: Driven by opera

  16. Slide 16: Balance Sheet Highlights (in USD million)

    Balance Sheet Highlights (in USD million) MUSD 198.3 MUSD 198.3 Q3 15 Q4 14 Fixed assets Net Cash 49.4 81.0 27% DSO 45.2 45.1 Other non‐ current assets Inventory Turns 3.8 3.9 6% Inventories Working Capital 24.4% 20.2% Equity 20% 82% Receivables Cash Flow Other current 19% assets 4% Non‐current ‐17.

  17. Slide 17: Full Year 2015 Guidance

    Full Year 2015 Guidance Sales (MUSD) 312 305 280 ‐ 290 297 293 265 Based on previous performance and current expectations for our end markets 2010 2011 2012 2013 2014 Guidance 2015 Operating Income (MUSD) Sales 280 – 290 MUSD 53 50 50 42 ‐ 45 Op. Income 42 – 45 MUSD 46 41 2010 2011 2012 2013 2014 Gu

  18. Slide 18: Corporate Calendar FY 2015

    Corporate Calendar FY 2015  Q4 and FY 2015 Earnings Conference Call Tuesday, March 8, 2016  Q1 2016 Earnings Conference Call Thursday, April 21, 2016  Annual General Meeting Thursday, April 28, 2016  Q2 2016 Earnings Conference Call Thursday, August 8, 2016  Q3 2016 Earnings Conference Call Thu

  19. Slide 19: Thank You! Q&A

    THANK YOU ! Q&A Q3 2015 Earnings Conference Call October 21, 2015 19

  20. Slide 20: Slide 20

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