Inficon Holding Ag · SIX:IFCN

Inficon — Q2 2016 Earnings Presentation

21 slides from Inficon's earnings presentation, Aug 4, 2016

  1. Slide 1: Q2 2016 Earnings Conference Call

    Q2 2016 EARNINGS CONFERENCE CALL August 4, 2016 Bad Ragaz, Switzerland

  2. Slide 2: Speakers

    Speakers Lukas Winkler, President and CEO  Key figures Q2 2016  Target market business review  Expectations 2016 Matthias Tröndle, Vice President and CFO  Financials Q2 2016  Key financials first half year 2016  Guidance Q2 2016 Earnings Conference Call August 4, 2016 2

  3. Slide 3: Lukas Winkler

    Lukas Winkler INFICON President and Chief Executive Officer

  4. Slide 4: Q2 2016 – Key Figures

    Q2 2016 – Key Figures  Sales increase in all markets, except General Vacuum • Consolidated sales increase of 9.9% to USD 75.5 million compared with Q2 2015, organic increase of 8.3% • Sequential sales increase over Q1 2016 of 8.3% • Book to bill ratio ~1 • First sales of packaging leak-detector Con

  5. Slide 5: Net Sales by End Market

    Net Sales by End Market USD 75.5 million in Q2 2016 vs. USD 68.7 million a year ago (+9.9%) Q2 2016 Earnings Conference Call August 4, 2016 5

  6. Slide 6: Semi & Vacuum Coating

    Semi & Vacuum Coating Solar, Display, Optics & Semiconductor Q2 2016 Sales to End Market Semi & Vacuum Coating  Q2 2016 sales increase 19% vs. Q2 2015 (in MUSD) 1.2% CAGR (2010 - 2015) mainly driven by higher demand from 110.7 Semiconductor & Vacuum Coating business 102.1 100.6 97.2 96.1 in Asia 

  7. Slide 7: Security & Energy

    Security & Energy Q2 2016 Sales to End Market Security & Energy  Q2 2016 sales increase of 90% vs. Q2 0.1% CAGR (2010 - 2015) 2015 (in MUSD) 35.9  Increase of 22% vs. Q1 2016 28.6  Shipment bottlenecks solved / backlog 27.2 reduction 22.1 18.2 14.2 Market Trends  Security needs around the world

  8. Slide 8: Refrigeration, Air Conditioning & Automotive

    Refrigeration, Air Conditioning & Automotive Q2 2016 Sales to End Market Refrigeration, Air Conditioning & Automotive 6.4% CAGR (2010 - 2015)  Q2 2016 sales increase of 11% vs. Q2 2015 (in MUSD) (some Customer reclassifications) 57.6 54.3  Sequential increase of 1%; higher sales in 50.4 47.8 47.9

  9. Slide 9: General Vacuum

    General Vacuum Q2 2016 Sales to End Market General Vacuum -1.4% CAGR (2010 - 2015)  Q2 2016 sales decrease 12% vs. Q2 2015, (in MUSD) mainly due to lower sales to European 132.6 distributors 124.7 115.8 114.7  Sequential decrease of 2% 101.8  Customer reclassifications  Contributions from Instru

  10. Slide 10: Outlook 2016

    Outlook 2016 Challenging – with mixed signals from different markets/regions  Semiconductor market expectations with mixed indications • Increased forecasts for new equipment (OEM-business) incl. EUV lithography • But diffuse (confuse) outlook from some chip-manufacturers (end-users)  OLED flat pa

  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) 75.5 75.5 68.7 69.7 FX‐Effect +8.3% +9.9% ‐ 0.5 Q2 15 Q2 16 Q1 16 Q2 16 All end-markets increased except All end-markets increased, General Vacuum General Vacuum flat Q2 2016 Earnings Conference Call August 4, 2016 12

  13. Slide 13: Geographic Sales Breakdown – Quarter

    Geographic Sales Breakdown – Quarter (in USD million) Europe Asia-Pacific North America +25.4% 30.1 +3.4% ‐0.5% 24.0 23.5 24.3 20.3 20.2 39.9% 29.5% 34.9% 26.8% 34.2% 32.2% Q2 15 Q2 16 Q2 15 Q2 16 Q2 15 Q2 16 Increase in Asia and in North America, almost stable in Europe Q2 2016 Earnings Conference

  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) +7.3% 211 50.4% 19.5 bps 18.2 48.3% +12.6% +30.8% 11.8 9.0 6.0 6.8 13.1% 15.6% of NS of NS Q2 15 Q2 16 Q2 15 Q2 16 Q2 15 Q2 16 Q2 15 Q2 16  Gross profit margin: Clearly improved marg

  15. Slide 15: Net Income and EPS development

    Net Income and EPS development Income Tax (in MUSD) Net Income (in MUSD) EPS (in USD, diluted) +53.4% +53.6% 9.7 4.08 6.3 2.66 9.2% 12.8% ‐13.7% of NS of NS 2.3 2.0 Q2 15 Q2 16 Q2 15 Q2 16 Q2 15 Q2 16  Income tax: Low tax rate driven by the mix in earnings and tax rates  Net income: Strong increas

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

    Balance Sheet Highlights (in USD million) Balance Sheet Structure 2016 Q2 16 Q4 15 MUSD 207.1 MUSD 207.1 Net Cash 32.3 60.9 DSO 46.7 45.6 28% Fixed assets Inventory Turns 3.7 3.6 Working Capital 24.7% 23.1% Other non- 6% current assets Equity 70% Inventories 20% Cash Flow Receivables 20% 2% Non-curr

  17. Slide 17: Financial Performance First Half-Year 2016

    Financial Performance First Half-Year 2016 (USD million) Net Sales Q3‐Q4 Operating Cash Flow 312 Q1‐Q2 49 50 Q3‐Q4 297 293 305 47 279 Q1‐Q2 38 148 141 149 159 29 143 28 33 29 27 15 164 156 144 146 145 135 18 21 16 14 14 11 2011 2012 2013 2014 2015 2016 2011 2012 2013 2014 2015 2016 Operating Income

  18. Slide 18: Full Year 2016 Guidance

    Full Year 2016 Guidance Sales (MUSD) 312 > 300 297 293 305 279 Based on our current expectations for our end markets 2011 2012 2013 2014 2015 Guidance 2016 Sales > USD 300 million Operating Income (MUSD) Op. Income > 15% 53 50 50 46 >15% > 45 40 ‐ 2011 2012 2013 2014 2015 Guidance 2016 Q2 2016 Earni

  19. Slide 19: Corporate Calendar FY 2016

    Corporate Calendar FY 2016  Q3 2016 Earnings Conference Call Thursday, October 20, 2016  Q4 and FY 2016 Earnings Conference Call Tuesday, March 14, 2017  Annual General Meeting Tuesday, April 11, 2017  Q1 2017 Earnings Conference Call Friday, April 21, 2017  Q2 2017 Earnings Conference Call Thu

  20. Slide 20: Thank You! Q&A

    THANK YOU ! Q&A Q2 2016 Earnings Conference Call August 4, 2016 20

  21. Slide 21: Slide 21

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