Inficon Holding Ag · SIX:IFCN

Inficon — Q3 2013 Earnings Presentation

20 slides from Inficon's earnings presentation, Oct 22, 2013

  1. Slide 1: Q3 2013 Earnings Conference Call

    Q3 2013 EARNINGS CONFERENCE CALL October 22, 2013 Bad Ragaz, Switzerland

  2. Slide 2: Speakers

    Speakers Lukas Winkler, President and CEO  Key figures Q3 2013  Target market business review  2013 expectations Matthias Tröndle, Vice President and CFO  Financials Q3 2013  Outlook Q3 2013 Earnings Conference Call October 22, 2013 2

  3. Slide 3: Lukas Winkler

    Lukas Winkler INFICON President and Chief Executive Officer

  4. Slide 4: Q3 2013 – Key Figures

    Q3 2013 – Key Figures Sequential sales decrease with growth in three out of four end markets and a continued strong American market  Consolidated sales decrease of 1.6% to USD 68.8 million compared with Q3 2012, organic increase of 1,9%  Sequential sales decrease over Q2 2013 of 3.0% Operating res

  5. Slide 5: Net Sales by End Market

    Net Sales by End Market USD 68.8 million in Q3 2013 vs. USD 70.0 million a year ago (-1.7%) Q3 2013 Earnings Conference Call October 22, 2013 5

  6. Slide 6: Emergency Response & Security

    Emergency Response & Security Q3 2013 Sales to End Market Emergency Response & Security 10.4% CAGR (2007 - 2012)  Q3 2013 sales increase of 5% vs. Q3 2012 (in MUSD) and strong increase of 27% vs. Q2 2013 27.8 28.6  Larger shipments to American region 22.5 22.0 17.4 18.4 Market Trends 6.1  Securit

  7. Slide 7: Refrigeration & Air Conditioning

    Refrigeration & Air Conditioning incl. Automotive Sales to End Market Q3 2013 Refrigeration & Air Conditioning 4.4% CAGR (2007 - 2012)  Q3 2013 sales increase of 4%, (in MUSD) third consecutive quarter of growth 50.4  Sequential increase of 3% mainly due to 47.8 stronger sales to Asia and the Amer

  8. Slide 8: Specific Vacuum Process Industries

    Specific Vacuum Process Industries Solar, Display, Optics & Semiconductor Sales to End Market Q3 2013 Specific Vacuum Process Industries 2.9% CAGR (2007 - 2012)  Q3 2013 sales increase of 9% vs. Q3 2012, (in MUSD) 110.7 mainly driven by higher demand from 96.1 semiconductor business 83.2 91.8  Seq

  9. Slide 9: General Vacuum Processes

    General Vacuum Processes Q3 2013 Sales to End Market General Vacuum Processes 5.1% CAGR (2007 - 2012)  Q3 2013 sales -12% vs. Q3 2012 (in MUSD) 132.6  Sequential decrease of 3%, mainly driven by 114.0 124.7 109.3 weak sales to European distributors 97.1 81.6 28.2 Market Trends 29.0  Diverse custo

  10. Slide 10: Outlook 2013 and beyond

    Outlook 2013 and beyond  Mixed, sometimes challenging signals from different markets/regions  Semiconductor fabs run close to capacity • Investments in new equipment (OEM-business), • Continued need for process control sensors and software (at end-users) • Improved 2014 outlook • Postponed decisio

  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) 70.0 68.8 FX‐Effect 71.0 68.8 0.0 ‐1.6% ‐3.0% Q3 12 Q3 13 Q2 13 Q3 13 Sales increase in all end markets Sales decrease in Specific and except General Vacuum General Vacuum markets, ER&S strong vs. Q2 13 Q3 2013 Earnings Conference Call October 22, 2013 12

  13. Slide 13: Geographic Sales Breakdown – Quarter

    Geographic Sales Breakdown – Quarter (in USD million) Europe Asia-Pacific North America 27.1 27.5 ‐17.0% ‐12.7% 22.5 24.0 +47.2% 21.2 32.7% 39.3% 38.8% 34.9% 14.4 20.6% 30.8% Q3 12 Q3 13 Q3 12 Q3 13 Q3 12 Q3 13 Increase in North America, decrease in Europe and Asia-Pacific Q3 2013 Earnings Conferenc

  14. Slide 14: Gross Profit Margin and Cost development

    Gross Profit Margin and Cost development Gross Profit Margin R&D (in MUSD) SG&A (in MUSD) Operating Income (in MUSD) +2.6% ‐17 ‐14.8% bps 49.5% 49.4% 17.2 17.6 11.0 9.4 +7.8% 6.4 6.9 15.8% 13.7% of NS of NS Q3 12 Q3 13 Q3 12 Q3 13 Q3 12 Q3 13 Q3 12 Q3 13  Gross Profit Margin: Stable at high level 

  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) ‐23.0% ‐25.9% 8.2 3.65 6.3 2.71 ‐2.9% 2.8 2.7 11.7% 9.2% of NS of NS Q3 12 Q3 13 Q3 12 Q3 13 Q3 12 Q3 13  Income Tax: Decrease, but tax rate increased due to adjustment  Net income: Reflecting lower oper

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

    Balance Sheet Highlights (in USD million) Q3 13 Q4 12 Net Cash 75.4 89.9 DSO 46.5 45.3 Inventory Turns 4.3 4.5 Working Capital 22.6% 21.7% Cash Flow ‐49% 16.4 8.3 Q3 12 Q3 13 Solid balance sheet, no more debts Q3 2013 Earnings Conference Call October 22, 2013 16

  17. Slide 17: Full Year 2013 Guidance

    Full Year 2013 Guidance Sales (MUSD) 312 297 285 ‐ 295 265 182 Based on previous performance and current expectations for our end markets 2009 2010 2011 2012 Guidance 2013 Operating Income (MUSD) Sales 285 – 295 MUSD 53 50 43 ‐ 47 Op. Income 43 – 47 MUSD 39 5 2009 2010 2011 2012 Guidance 2013 Q3 201

  18. Slide 18: Corporate Calendar FY 2013

    Corporate Calendar FY 2013  Q4 and FY 2013 Earnings Conference Thursday, March 13, 2014  Q1 2014 Earnings Conference Call Wednesday, April 16, 2014  Annual General Meeting Tuesday, April 29, 2014  Q2 2014 Earnings Conference Call Thursday, August 7, 2014  Q3 2014 Earnings Conference Call Wednes

  19. Slide 19: Thank You! Q&A

    THANK YOU ! Q&A Q3 2013 Earnings Conference Call October 22, 2013 19

  20. Slide 20: Slide 20

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