Scanfil Oyj · OMXHEX:SCANFL
Scanfil Oyj — FY2020 Earnings Presentation
20 slides from Scanfil Oyj's earnings presentation, February 2021
Slide 1: Q4 and January – December 2020
Q4 and January – December 2020 Solid performance in exceptional year. Customer demand picked up towards the year end. Petteri Jokitalo, CEO, Scanfil Plc
Slide 2: Highlights Q4
Highlights Q4 Q4 2020 • Customer demand picked up towards year end driven by the Medtec & Life Science, Energy & Automation and 154.1 M€ / -0.4% Consumer Applications” segments. Turnover • Robust profitability even COVID-19 still caused some extraordinary costs and loss of productivity. 10.4 M€ / 6.
Slide 3: Highlights 2020
Highlights 2020 • Solid performance in exceptional year 2020 • Hangzhou factory divestment. The decision to close Hamburg 595.3 M€ / 2.7% factory and continue production in Scanfil’s other factories. Turnover • Positive progress in sales and global agreements with Central 39.1 M€ / 6.6% European cus
Slide 4: Q1-Q4: COVID-19 Impacts to Scanfil
Q1- Q4: COVID-19 Impacts to Scanfil • Impacts to Sales: negative impact, mainly on Consumer Applications segments • Impacts to Operating Profit • Factory shutdowns in China (Q1): EUR -0.5 million • Temporary shutdown of the Myslowice factory (Q2): EUR -0.5 million • Extraordinary costs caused by pan
Slide 5: Customer Segments
Customer Segments % of turnover EUR million Q4/2019 2019 Q1/2020 Q2/2020 Q3/2020 Q4/2020 2020 2020 Communication 20.7 79.4 22.4 28.9 20.7 19.5 91.4 15.3 % Consumer Applications 28.3 107.3 18.7 20.3 21.3 27.5 87.8 14.7 % Energy & Automation 29.4 111.3 30.7 32.6 28.9 34.6 126.7 21.3 % Industrial 46.8
Slide 6: Key Figures
Key Figures Q3/2020 Q3/2019 Change% Q1-Q3/2020 Q1-Q3/2019 Change % 2019 Turnover, EUR million 141.6 Q4/2020 152.3 Q4/2019-7.0%Change% 441.3 424.8 2020 3.9% 2019579.4Change % Turnover,Operating EUR million Profit, EUR million 21.2 154.1 12.1 154.7 76.1% -0.4 % 40.1 595.325.3 58.1% 35.3 579.4 2.7 % Op
Slide 7: Turnover Q1/2019 – Q4/2020
Turnover Q1/2019 – Q4/2020 M€ 180 152,3 154,7 155,6 160 154,1 142,6 144,1 141,6 140 129,9 120 100 80 60 40 20 0 2019/Q1 2019/Q2 2019/Q3 2019/Q4 2020/Q1 2020/Q2 2020/Q3 2020/Q4 7
Slide 8: Operating Profit Q1/2019 – Q4/2020
Operating Profit Q1/2019 – Q4/2020 % M€ 14 20 21,2 12 15 10 7,9% 7,2% 6,5% 7,0% 6,8% 8 6,5% 10 12,1 10,3 6,0%% 5,3% 10,0 10,2 9,9 10,4 6 8,6 6,8 4 5 6,4 2 4,3 0 0 2019/Q1 2019/Q2 2019/Q3 2019/Q4 2020/Q1 2020/Q2 2020/Q3 2020/Q4 Operating Profit Operating Profit adjusted 8
Slide 9: Cash Flow from Operations Q1/2019 – Q4/2020
Cash Flow from Operations Q1/2019 – Q4/2020 M€ 23 21,0 18 13 11,0 9,1 9,3 7,8 7,5 8 5,9 3 -0,4 -2 2019/Q1 2019/Q2 2019/Q3 2019/Q4 2020/Q1 2020/Q2 2020/Q3 2020/Q4 9
Slide 10: ROE and ROI Q1/2019 – Q4/2020, Cumulative
ROE and ROI Q1/2019 – Q4/2020, Cumulative ROE ROI 26,1 % 24,1 % 20,4 % 21,1 % 18,8 % 19,5 % 18,1 % 19,5 % 17,9 % 18,4 % 17,8 % 18,0 % 18,2 % 17,0 % 16,9 % 16,2 % 16,2 % 14,0 % 12,8 % 12,7 % 13,0% 2019/Q1 2019/Q2 2019/Q3 2019/Q4 2020/Q1 2020/Q2 2020/Q3 2020/Q4 2019/Q1 2019/Q2 2019/Q3 2019/Q4 2020/Q1
Slide 11: Gearing Q1/2019 – Q4/2020 Cumulative
Gearing Q1/2019 – Q4/2020 Cumulative 50,0 % 45,6 40,5 30,8 27,7 27,0 25,0 14,4 9,9 0,0 % 2019/Q1 2019/Q2 2019/Q3 2019/Q4 2020/Q1 2020/Q2 2020/Q3 2020/Q4 11
Slide 12: EPS Q1/2019 – Q4/2020
EPS Q1/2019 – Q4/2020 EUR 0,28 0,2 0,15 0,14 0,14 0,13 0,13 0,12 0,12 0,08 0,07 0,05 0 2019/Q1 2019/Q2 2019/Q3 2019/Q4 2020/Q1 2020/Q2 2020/Q3 2020/Q4 EPS EPS, adjusted 12
Slide 13: 2021 Outlook
2021 Outlook Scanfil estimates that its turnover for 2021 will be EUR 600 - 640 million and its adjusted operating profit will be EUR 40 - 44 million. The guidance for 2021 involves uncertainty arising from the potential negative impact of the availability of certain materials, especially semiconduc
Slide 14: Long term target
Long term target Scanfil’s long-term target: In 2023, Scanfil is organically aiming for EUR 700 million turnover and 7% operating profit. In addition, Scanfil is actively exploring acquisitions, especially in the Nordic countries and Central Europe.
Slide 15: Time for questions
SCANFIL Time for questions
Slide 16: Contact information and analysts
Inderes Oy Antti Viljakainen +358 44 591 2216 antti.viljakainen(at)inderes.fi Evli Pankki Oyj Joonas Ilvonen Contact information +358 44 430 9071 joonas.ilvonen(at)evli.com and analysts OP Financial Group Kim Gorschelnik +358 10 252 4351 kim.gorschelnik(at)op.fi PETTERI JOKITALO, CEO +358 44 7882400
Slide 17: Disclaimer
Disclaimer Not to be published or distributed, directly or indirectly, in any country where its distribution or publication is unlawful. Forward looking statements: certain statements in this presentation may constitute "forward-looking" statements which involve known and unknown risks, uncertaintie
Slide 18: Your Trusted Manufacturing Partner
Your Trusted Manufacturing Partner
Slide 19: Hamburg Closure
Hamburg Closure Scanfil announced on 1 July 2020 that Scanfil GmbH, part of the Scanfil Group, is planning to scale down and close its Hamburg factory. The company started a consultation process concerning the entire personnel working at the Hamburg factory. The consultation process has ended and Sc
Slide 20: Sale of Scanfil Hangzhou
Sale of Scanfil Hangzhou Scanfil sold its subsidiary Scanfil (Hangzhou) Co., Ltd in China, for a selling price of EUR 18.4 million to Hangzhou Cabinet Technology. The transaction closing date was 14 July 2020 and Scanfil reported the transaction in the third quarter of 2020. Scanfil (Hangzhou) facto