Investora Cicor Technologies Ltd 12092013

8/11/2019 Investora Cicor Technologies Ltd 12092013

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Investora 2013Cicor Technologies Ltd.

Patric Schoch, CEO ad interim / CFO

12.09.13Investora 2013

Erich Trinkler, Executive Vice PresidentCicor Electronic Solutions


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The Cicor Group

! Global acting Swiss group of leading! PCB (Printed Circuit Boards)! Microelectronics and! Electronic Solutions (Electronic Manufacturing Services) companies

! From engineering and prototyping to high volume production! 11 production sites in Europe and Asia with over 1700 employees! Sales organization in Europe, America, Asia! Listed on the SIX Swiss Exchange: CICN

Investora 2013 12.09.13

Net Sales in CHF million

2008 208,4

2009 160,1

2010 183,02011 178,7

2012 176,0

H1 2013 94,3

2008 -21,6

2009 -7,7

2010 0,12011 -2,4

2012 6,3

H1 2013 1,2

Net Profit in CHF million


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Shareholding per 31.12.2012


!"#$%"&'(%$ *+$,-+,$%

!"#$%&"'"( %*+'"% ,-./0-1,12'"+%3'4 %*+'"% 5-67789"'+#" :3;


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Cicor's global footprint

Global andlocal presence

Production / sales sites

Sales representations

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Cicor Group

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Diversified customer portfolioMarkets

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Medical Watches &Consumer Testing Industrial

Aerospace &Defence

Communication Automotive &Transport

Others


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Cicor group structureProfile

Asia

Cicor Technologies Group

Europe

ESDivision

MEDivision

PCBDivision

Americas

Boudry

Switzerland

Sites

SalesOrganization

MoudonSwitzerland

WangsSwitzerland

UlmGermany

RadebergGermany

BronschhofenSwitzerland

AradRomania

QuartinoSwitzerland

ME

ASIA Division

ES+

PlasticInjectionMolding

+Tooling

PCB

SingaporeSingapore

AnamVietnam

BatamIndonesia

SuzhouChina

MinnesotaUSA

Investora 2013 12.09.13

Asia

17(18%)

ES

46(49%)

ME15(16%)

PCB

16(17%)

Sales ratio H1 2013in CHF mio and %


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ApplicationsCicor Group offering

Investora 2013 12.09.13

Main markets!

Medical! Watches! Telecom! Industrial! Automotive

Main markets!

Medical! Aerospace & defense! Telecom! Automotive! Industrial

Main markets!

Industrial! Medical! Telecom! Automotive


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Technologies and servicesCicor Group offering

Investora 2013 12.09.13

! High-end flex, rigid-flex, andrigid MLBs

! Rigid PCBs with 1-32 layers! HDIs: laser drilling! Reel-to-reel flex! 3D-MID technology! Electroplating! Copper, palladium coating

Thin film technology! On ceramic, foils, silicone and

steel! Multilayer, filled vias, thick Cu

Thick film technology! On ceramic and steel

Micro-assembly! Die attach, flip chip, SMD! Wire / ribbon bonding

Packaging

Services! Product design & development! Tool design! Test engineering! Product life cycle management! Outbound logistics

Portfolio! PCB assembly! System assembly! Cable assembly! Box-building! After sales! Tooling! Plastic injection moulding


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Cicors positioningGrowth areas

Investora 2013 12.09.13

Sectoral Diversification

N i c h e

t o M a s s

Sanmina-SCI Corp.

BenchmarkElectronics

Plexus Corp.CicorTechnologies

CMK Corp.

UnimicronTechnology

AT&S Austria

AspocomGroup

High

Low High

bubble size = sales 2012

Differentiation factors! High degree of specialization! Partner for high-tech manufacturing! Delivering to growth industries! Global footprint! Close ties with customers! High level of integration


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Erich TrinklerExecutive Vice President

Cicor Electronic Solutions

Investora 2013 12.09.13


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Cicor Electronic SolutionsServices and Portfolio

Services! Product design &

development! Test engineering!

Product life cyclemanagement! Outbound logistics

Portfolio! PCB assembly! Box-building! System assembly! Cable assembly! After Sales

Development Industrialization Production After Sales



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Cicor Electronic Solutions Applications

Investora 2013 12.09.13

Development and manufacture of customizedelectronic products

Cicor Electronic Solutions is a full-service provideroffering a wide range of production options for PCBassembly, system assembly, box-building and

switchbox construction, cable assembly andoffering also state-of-the-art facilities for precisionplastic injection moulding and mould-making. Thesecomprehensive capabilities can be fully integratedto further enhance our electronics manufacturingservices.


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Solid results and return to growthInterim Results 2013

Investora 2013 12.09.13


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Solid development in earnings and return to growthInterim Results 2013

! Successful first half of 2013 for order intake and sales! Results on a par with the previous year! Significant increase in order intake in the growth regions Asia and Eastern

Europe! Profitability further stabilized through strict cost management in all areas! Targeted strategic investments dedicated once again to future growth and

product innovations! Half-year results a solid foundation for performance in the second half of the

year! Guidance for 2013 confirmed; growth for the full year with profitability

remaining stable at the level of the previous year

Investora 2013 12.09.13


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Sales by industries and by destinationSales profile

Investora 2013 12.09.13

16% 12%

20%

Other

8%Watches &consumer

Automotive &transport

8%

Medical

27%

Industrial

Communication

Aerospace & defence

10%

20% 13%

23%

Medical

19% Industrial

Communication

Aerospace & defence

11%

Other

6%Watches &consumer

Automotive &transport

8%

39%

15%

Other

Europe(w/o Switzerland)

Switzerland45%

15%

36%

Other

Europe(w/o Switzerland)

Switzerland49%

1.1.-30.6.2013

1.1.-31.12.2012

1.1-30.6.2013

1.1.-31.12.2012


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Key-Figures HY1 2013 vs. 2012

Investora 2013 12.09.13

Net sales EBIT EBITDA

+9,0%

2013

99 736

2012

91 537 94 251

+11,7%

2012

84 380

2013

2 525

2012

2 853

+13,0%

2013

7 180

+10,8%

20132012

6 482

-10,9%

2013

1 197

2012

1 344

! 2012 figures restated as a result of the implementation of IAS 19 (revised)! Results HY1 2012 including 305 TCHF gains from asset sale Untergeri

7 , 6

%

7 , 7

%

R O S :

3 , 0

%

R O S :

3 , 0

%

1 , 3

%

1 , 6

%

Net profit(before minorities)

(all figures in TCHF at actual FX rates)

Order intake


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Net Profit Development HY1 2013

Investora 2013 12.09.13

3 000

6 000

5 000

2 000

1 000

0

4 000

i n T

C H F

2012*

+1 344

-888

Margin andvolume

Changesin IAS19**

-2 445

Overheadand others

-370

Depr. & Amort.

-147,0(-10,9%)

2013

+1 197

Taxexpenses

-254

Financialresult

-221

+4 031

1 , 3

%

R O S :

1 , 6

%

* HY1 2012 restated as a result of IAS19; including 305 TCHF gains asset sale Untergeri.

** HY1 2012 net profit contains 393 TCHF gains from IAS19, where in HY1 2013, net profit contains 495 TCHF cost from IAS19 valuations.


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Asia with highest growth ratesDivisional Results HY1 2013 vs. 2012

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PCB 2012* 2012** 2013 %YoY

TotalSales

16 648 15 734 16 003 +1,7%

EBITDA 3 459 2 239 2 388 +6,6%

ROS% 22,0% 14,2% 14,9%

ME 2012 2013 %YoY

TotalSales 13 829 15 388 +11,3%

EBITDA -35 1 369 >100%

ROS% NA 8,9%

ES 2012 2013 %YoY

TotalSales 43 350 46 418 +7,1%

EBITDA 3 442 3 114 -9,5%

ROS% 7,9% 6,7%

Asia 2012 2013 %YoY

TotalSales 11 132 17 410 +56,4%

EBITDA 810 1 573 +94,2%

ROS% 7,3% 9,0%

49%

Asia

18%

PCB

17%

ME16%

ES

13%

52%

16%

19%

ES

Asia PCB**

ME

HY1 2013 sales by division

** PCB figures excluding effects from closing Untergeri* PCB figures including effects from closing Untergeri, for information only

Note: 2012 EBITDA figures restated as a result of IAS19

(all figures in TCHF at actual FX rates)

HY1 2012 sales by division


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Mid-term Target Corridor

Considerably higher investment for future growthCapex and Depreciation for PPE*

2012

6 ! 820

2011

6 ! 592

2010

7 ! 059

2009

8 ! 452

PPE Capex in TCHF PPE Depreciation in TCHF Capex / depreciation &amortization ratio

* PPE = Property, Plant and Equipment

2012

13 ! 168

2011

8 ! 033

2010

5 ! 908

2009

4 ! 268

Investora 2013 12.09.13

CHF 3 mio for Land & BuildingCHF 9 mio for Machinery

Average 2009 2012 = 1,12,0

1,8

1,6

1,4

1,2

1,0

0,8

0,6

0,4

2010

0,8

2009

0,5

2012

1,91,9

2011

1,2

! 7150 TCHF Capex for PPE in H1 2013


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Consolidated Balance Sheet

Investora 2013 12.09.13

in TCHF31.12.2012* in % 30.06.2013 in %

Current assets 82 207 38,8% 92 218 40,9%

Non-current assets 129 400 61,2% 133 107 59,1%

Total Assets 211 607 100,0% 225 325 100,0%

Current liabilities 39 419 18,6% 42 546 18,9%Non-current liabilities 51 798 24,5% 61 615 27,3%

Equity 120 390 56,9% 121 164 53,8%

Total liabilitiesand equity 211 607 100,0% 225 325 100,0%

Net Debt 16 257 28 419

Gearing ratio (net debt in % ofequity) 13,5% 23,5%

Net debt / EBITDA 1,1 1,8

Equity Ratio 56,9% 53,8%* restated as a result of IAS19


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Disclaimer

The information in this presentation does not constitute an offer orinvitation and may not be construed as a recommendation by us to

purchase, hold or sell shares of Cicor Technologies Ltd. Thisinformation or any copy thereof may not be sent or taken to or

distributed in any jurisdiction in which such transmission or distribution

is unlawful. This document may contain certain forward-lookingstatements. By their nature, forward-looking statements involve risk and

uncertainty because they relate to future events and circumstances. Actual outcomes and results may differ materially from any outcomes or

results expressed or implied by such forward-looking statements.



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www.cicor.com

Investora 2013 12.09.13

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Investora Cicor Technologies Ltd 12092013