Schweizer Electronic Ag · XETR:SCE
Schweizer Electronic — Q1 2014 Earnings Presentation
23 slides from Schweizer Electronic's earnings presentation, Apr 30, 2014
Slide 1: Investor & Analyst Conference Call Results 1st Quarter 2014
Investor & Analyst Conference Call Results 1st Quarter 2014 April 30, 2014 Dr. Marc Schweizer (CEO) I Marc Bunz (CFO) April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 1
Slide 2: Agenda
Agenda Market & Strategy Update Financials 2013 Financials Q1 2014 SCHWEIZER Share Outlook April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 2
Slide 3: Schweizer Strategy Map
Schweizer Strategy Map Accelerate 1 Customer Focus Be or become one of the top 3 Dynamic of growth companies customers want to buy from 2 New Products in all our target segments Growth Increase 3 Pricing Internationalization 4 Acquisitions Increase Diversification 5 Internationalization 6 Talent Foc
Slide 4: Strategy Levers Divisions
Strategy Levers Divisions Electronic Division Accelerate 1 Dynamic of growth 1. Expanding the leading technological position in power 2 electronics, system cost reduction and high frequency(HF) applications Growth Increase 3 2. Intensifying the cooperation with our partners Internationalization 3. C
Slide 5: The PCB World in 2013 (Production)
The PCB Word in 2013 (Production) Different Regions - with different Market Drivers Europe: ~ 2.19 Billion US$ World: ~ 55.2 Billion US$ Industry Computer 43.8%* 30.8% Automotive Communication 16.7%* 27.7% Aero / Defense IC Substrates 11.2%* 13.9% Communication Consumer 8.2%* 11.5% Medical Med. & In
Slide 6: Agenda
Agenda Market & Strategy Update Financials 2013 Financials Q1 2014 SCHWEIZER Share Outlook April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 6
Slide 7: Financials 2013
Financials 2013 + 1% + 78% + 88% + 772% April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 7
Slide 8: Financials 2013: Key Metrics
Financials 2013: Key Metrics Sales per Customer Segment Automotive 69% mill. EUR 2013 2012 Automotive 69.6 65.3 Others 7% Industry 23.0 21.6 101.2 Solar 1.5 5.6 Solar 1% mill. EUR Others 7.1 7.7 101.2 100.2 Industry 23% Sales by Region Germany 66% mill. EUR 2013 2012 Germany 66.3 61.3 Americas 4% 10
Slide 9: Financials 2013
Financials 2013 in million EUR Balance Structure 71,7 76,7 76,7 71,7 2013 2012 Fixed 36,5 38,6 45,1 40,9 Equity Assets Equity Ratio 58,8% 57,1% Net Gearing 3,3% 2,4% Current 35,1 38,1 15,7 19,0 Long Term Assets Debts 15,9 11,8 Short Term Debts 2012 36,5 2013 2013 2012 Working Capital Cashflow mill.
Slide 10: Agenda
Agenda Market & Strategy Update Financials 2013 Financials Q1 2014 SCHWEIZER Share Outlook April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 10
Slide 11: Financials Q1 2014: Sales and Order Intake
Financials Q1 2014 Sales and Order Intake + 28% + 18% 35,2 35,0 32,8 31,2 Order Intake 27,4 26,7 27,8 25,3 25,6 Sales 23,6 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Order Book 93,4 121,4 Book-to Bill 1,2 1,2 1,3 1,3 1,3 April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 11
Slide 12: Financials Q1 2014: Sales per Customer Segment
Financials Q1 2014 Sales per Customer Segment Automotive 72% mill. EUR Q1 2014 Q1 2013 Automotive 20.0 16.4 Others 5% Industry 6.4 5.8 27.08 mill. EUR Others 1.4 1.1 Industry 23% 27.8 23.9 April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 12
Slide 13: Financials Q1 2014: EBIT
Financials Q1 2014 in million EUR EBIT + 123% 3,3 2,9 2,7 2,5 1,3 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 EBIT Margin 6% 10% 12% 11% 10% April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 13
Slide 14: Financials Q1 2014: Key Metrics
Financials Q1 2014: Key Metrics Financial Metrics Delta Q1 2014 Q1 2013 in mill. EUR in % • Sales + 18% Sales (mill. EUR) 27.8 23.6 4.2 18 • Profit after Tax + 122% Order Book (mill. EUR) 121.4 93.4 28 30 • EBITDA + 60% • EBIT raises + 123% EBITDA (mill. EUR) 4.0 2.5 1.5 60 • Order Book + 30% EBITDA
Slide 15: Agenda
Agenda Market & Strategy Update Financials 2013 Financials Q1 2014 SCHWEIZER Share Outlook April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 15
Slide 16: SCHWEIZER Share
SCHWEIZER Share Share Price January 01, 2013 - March 31, 2014 180% +64% +38% 170% 160% 150% 140% 130% Shareholder Structure Family 120% Schweizer 65.88% Own Shares 110% 0.34% Schweizer 100% Pte.Ltd. 1.43% 3,780,000 Institutional Shares 90% Investors 5.03% Freefloat 80% Jan 2013 Dec 2013 Mar 2014 22.
Slide 17: Agenda
Agenda Market & Strategy Update Financials 2013 Financials Q1 2014 SCHWEIZER Share Outlook April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 17
Slide 18: Outlook
Outlook Based on positive forecasts for the global economic development as well as for SCHWEIZER’s market segments, the company this year expects revenues to boost by 3% to 7 % and a slight increase of its net profit in 2014. Guidance confirmed April 30, 2014 | © Schweizer Electronic AG | Investor
Slide 19: Q&A
Q&A April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 19
Slide 20: Appendix
Appendix April 30, 2014 | © Schweizer Electronic AG | Investor Relations Page 20
Slide 21: Financial Calendar
Financial Calendar Date Publication / Event 2014-04-30 Interim Report 1st Quarter 2014 2014-04-30 Analysts’ Conference 2014-07-04 Annual General Meeting 2014-07-07 Planned Dividend Payment Date 2014-08-14 Financial Report (half-year) 2014-11-07 Interim Report 3rd Quarter 2014 2015-07-03 Annual Gener
Slide 22: Executive Board
Executive Board Dr. Marc Schweizer Marc Bunz CEO CFO Phone +49 7422 512 211 Phone +49 7422 512 301 Fax +49 7422 512 777 211 Fax +49 7422 512 777 301 [email protected] [email protected] Bernd Schweizer Nicolas Schweizer COO CHRO Phone +49 7422 512 212 Phone +49 7422 512 363 Fax +49 742
Slide 23: Financials 2013: Key Metrics
Financials 2013: Key Metrics Financial Metrics Delta 2013 2012 in mill. EUR in % Sales (mill. EUR) 101.2 100.2 1 1 Order Book (mill. EUR) 114.2 89.8 24.4 27 • EBIT raises + 88% • Share Price + 38% EBITDA (mill. EUR) 14.2 10 4.2 42 • Dividend increase to 0.60 EUR EBITDA Margin (%) 14 10 • Order Intak