Inficon Holding Ag · SIX:IFCN

Inficon — Q2 2020 Earnings Presentation

20 slides from Inficon's earnings presentation, Jul 29, 2020

1. Slide 1: Q2 2020 Earnings Conference Call

   Q2 2020 EARNINGS CONFERENCE CALL July 29, 2020 Bad Ragaz, Switzerland

2. Slide 2: Speakers

   Summary End Markets Outlook P&L / Balance Sheet Guidance Speakers Lukas Winkler, President and CEO Key figures Q2 2020 Target market business review Expectations 2020 Matthias Tröndle, Vice President and CFO Financials Q2 2020 Key financials first half-year 2020 Guidance July 29, 2020 2

3. Slide 3: Q2 2020 – Key Figures

   Summary End Markets Outlook P&L / Balance Sheet Guidance Q2 2020 – Key Figures  Strong performance in Semi & Vacuum, all other markets declined  Sales decrease of 0.4% to USD 96.2 million compared with Q2 2019, organic decrease of 0.2%  Sequential sales increase of 3.9% over Q1 2020  Book to bil

4. Slide 4: Net Sales by End Market

   Summary End Markets Outlook P&L / Balance Sheet Guidance Net Sales by End Market USD 96.2 million in Q2 2020 (-0.4% vs. Q2 2019 and +3.9% vs. Q1 2020) EUR ASIA NA July 29, 2020 4

5. Slide 5: Security & Energy

   Summary End Markets Outlook P&L / Balance Sheet Guidance Security & Energy Q2 2020 Sales to End Market Security & Energy  Sales decrease of -59.7% to USD 2.7 million (in MUSD) -5.8% CAGR (2014 - 2019) in Q2 2020 vs Q2 2019, and -22.9% vs 33.1 Q1 2020 due to low security business in all 29.0 25.5 26

6. Slide 6: Refrigeration, Air Conditioning & Automotive

   Summary End Markets Outlook P&L / Balance Sheet Guidance Refrigeration, Air Conditioning & Automotive Q2 2020 Sales to End Market Refrigeration, Air Conditioning &  Q2 2020 sales decrease of -28.3% to Automotive +9.2% CAGR (2014 - 2019) 84.4 USD 16.7 million vs Q2 2019, and -16.5% vs (in MUSD) 81.5

7. Slide 7: Semi & Vacuum Coating

   Summary End Markets Outlook P&L / Balance Sheet Guidance Semi & Vacuum Coating Solar, Display, Optics & Semiconductor Q2 2020 Sales to End Market Semi & Vacuum Coating  Sales Q2 2020 increase of 28.5% vs Q2 2019, +10.2% CAGR (2014 - 2019) (in MUSD) and 26.1% vs Q1 2020 to USD 53.6 million 184.6  A

8. Slide 8: General Vacuum

   Summary End Markets Outlook P&L / Balance Sheet Guidance General Vacuum Q2 2020 Sales to End Market General Vacuum  Q2 2020 sales decline of -6.8% to USD 23.2 -1.4% CAGR (2014 - 2019) million vs Q2 2019 mainly caused by European (in MUSD) and USA market slowdown 115.3  Sequential decrease of -12.8

9. Slide 9: Outlook 2020

   Summary End Markets Outlook P&L / Balance Sheet Guidance Outlook 2020 Besides COVID-19, the global markets, economy and trade situation are hard to predict  Ongoing Semiconductor market recovery (Industry 4.0, IoT, Big Data,5G, AI etc.)  Foundry and Logic Fab remain at a high level & memory market

10. Slide 10: Speaker Matthias Tröndle, Vice President and CFO

    Summary End Markets Outlook P&L / Balance Sheet Guidance Speaker Matthias Tröndle, Vice President and CFO Financials Q2 2020 Key financials first half-year 2020 Guidance July 29, 2020 10

11. Slide 11: Sales

    Summary End Markets Outlook P&L / Balance Sheet Guidance Sales (in MUSD) FX-Effect -0.2 MUSD 96.6 -0.4% 96.2 +3.9% 96.2 92.6 Q2 19 Q2 20 Q1 20 Q2 20 Sales in Semiconductor & Vacuum Coating very strong; All other markets weak. July 29, 2020 11

12. Slide 12: Geographic Sales Breakdown – Quarter

    Summary End Markets Outlook P&L / Balance Sheet Guidance Geographic Sales Breakdown – Quarter (in MUSD) Europe Asia North America 43.4 +9.9% 39.5 -0.4% -14.5% 29.6 26.5 26.4 25.3 27.4% 27.5% 40.9% 45.1% 30.6% 26.3% Q2 19 Q2 20 Q2 19 Q2 20 Q2 19 Q2 20 Asia-Pacific growth driven by Semiconductor and G

13. Slide 13: Gross Profit, Costs, and Operating Income

    Summary End Markets Outlook P&L / Balance Sheet Guidance Gross Profit, Costs, and Operating Income Gross Profit Margin R&D (in MUSD) SG&A (in MUSD) Operating Income (in MUSD) -8.0% 22.4 +9.3% 20.6 +1.3% -61 9.4 bps 8.6 15.8 16.0 48.4% 47.8% 16.3% 16.6% of NS of NS Q2 19 Q2 20 Q2 19 Q2 20 Q2 19 Q2 20

14. Slide 14: Net Income and EPS Development

    Summary End Markets Outlook P&L / Balance Sheet Guidance Net Income and EPS Development Income Tax (in MUSD) Net Income (in MUSD) EPS (in USD, diluted) +9.3% 12.9 +8.9% 11.8 -3.2% 5.27 3.1 3.0 4.84 12.2% 13.4% of NS of NS Q2 19 Q2 20 Q2 19 Q2 20 Q2 19 Q2 20  Income tax: Decrease driven by the profi

15. Slide 15: Balance Sheet Highlights

    Summary End Markets Outlook P&L / Balance Sheet Guidance Balance Sheet Highlights (in MUSD) Balance Sheet Structure 2020 MUSD 291.7 MUSD 291.7 Fixed assets 27% Other non- 4% current assets 65% Equity Inventories 25% Cash Flow 19% Non-current Receivables 5% liabilities 11.0 +11.1% Other current 6% 9.

16. Slide 16: Financial Performance First Half-Year 2020

    Summary End Markets Outlook P&L / Balance Sheet Guidance Financial Performance First Half-Year 2020 (in MUSD) Net Sales Operating Cash Flow Q1-Q2 Q3-Q4 Q1-Q2 Q3-Q4 410 374 382 61 53 53 310 52 279 38 -1.8% 215 182 192 189 135 145 20 20 17 15 11 14 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 201

17. Slide 17: Guidance FY 2020 and Corporate Communication Calendar

    Summary End Markets Outlook P&L / Balance Sheet Guidance GUIDANCE FY 2020 AND CORPORATE COMMUNICATION CALENDAR July 29, 2020 17

18. Slide 18: Full Year 2020 Guidance

    Summary End Markets Outlook P&L / Balance Sheet Guidance Full Year 2020 Guidance Sales (MUSD) 410 Guidance 2020 374 382 Due to the expected strength of the 305 310 semiconductor market and in the light of 293 279 certain signs of recovery in the other target markets, INFICON assesses the outlook for

19. Slide 19: Corporate Calendar FY 2020

    Summary End Markets Outlook P&L / Balance Sheet Guidance Corporate Calendar FY 2020  Q3 FY 2020 Earnings Conference Call October 21, 2020  Q4 and FY 2020 Earnings Conference Call March 2021 **Earnings dates are subject to change** July 29, 2020 19

20. Slide 20: Thank You! Q&A

    Q)INFICON Inspired by visions. Proven by success. THANK YOU! Q&A

Inficon — Q2 2020 Earnings Presentation on 6ix