Post on 19-Mar-2022
transcript
This presentation is not directed to the investment goals or financial position of any specific individual person or legal person. Investors should obtain independent expert counsel regarding the question of an investment in shares of the Viscom AG and carry out an analysis of the particular situation themselves.
Although Viscom has endeavored to deliver reliable, complete and up-to-date information with this presentation, the company can accept no liability for the accuracy, completeness or topicality of this information.
Certain statements in this presentation which are based on information available at present are forward-looking statements or contain specific expectations for the future. Such statements, by their nature, are subject to risks and uncertainties. Circumstances such as the general economic development, future market conditions, changes in the capital markets and other circumstances can lead to significant deviation of the actual events or results.
The information in this presentation serves general informational purposes and is neither an offer nor part of an offer or any other request to acquire, subscribe to or sell securities issued by Viscom.
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Disclaimer
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2018 – a good year for Viscom
SALES € 93.6 million
EBIT € 10.9 million
EBIT-Margin 11.7%
ORDERS RECEIVED € 98.7 million
Market: Automotive electronics
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Electronics for passenger cars expected to account for up to 50% of sales
100 control units per car in the premium segment
Autonomous driving and driver assistance systems
More cameras and sensors
More electronics with high inspection requirements
China and the USA leading
New electrical components with inspection requirements
Comparable components for renewable energies
Growth potential for inspection products/services
Global trend
Market: Electromobility
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86%62%
37%
12%
28%
44%
2% 10% 19%
0
20
40
60
80
100
120
2020 2025 2030
Million vehicles
Pure Combustion Electrified Combustion Pure Electric
102 110 114
Networking of passenger cars (C2C and C2I)
Construction of the network infrastructure as well as antennas for transmission and
reception
New production lines for very large printed circuit boards
Increasing number of end devices
5G mobile technology
Market: Computer, Communication, Consumer
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Global smartphone market
8
Volume (>1 billion devices/year) determines the components market
High-quality mobile devices with inspection requirements
Large investments in the medium term despite maturity phase
Market: Computer, Communication, Consumer
Viscom's core business
Software technology
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Image analysis
3D computed tomography processes
Integration and networking with Industry 4.0
Artificial intelligence as an assistance function
Experience Image recording Software
Void inspection
AXI application
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Significantly increased demand for pore measurement for surface soldering
Ensuring heat transfer
Fields of application: E-mobility, LED technology and high-current applications
THT-Inspection
13
Reliability of soldered THT connections (through-hole technology)
Ensuring solder quality and pin position
Application areas: E-mobility, telecommunications and high-voltage applications
3D AOI application
X-ray technology sales
Competitive advantage through integration know-how
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Viscom sales development with X-ray systems worldwide
Use in automotive, CCC, battery and industrial applications
Future technology with potential
in T€
22.150
30.755
37.121
2016 2017 2018
90,250
98,750
FY 2017 FY 2018
19,777
24,970
FY 2017 FY 2018
Incoming orders and order backlog
Order backlog*Incoming Orders
19* Reference date 31 December
in K€ in K€
EBIT and EBIT-Margin
15.6
11.7
FY 2017 FY 2018 in %in K€
EBIT EBIT-Margin
22
13,829
10,944
FY 2017 FY 2018
Segment information by product group
61,137
12,983 14,422
65,029
14,790 13,738
SP NP Service
FY 2017
FY 2018
-4.7%
SP
Series inspection systems for electronic assemblies
NP
Special optical and X-ray inspection systems
Service
Services and after-sales support
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in K€
+6.4%
SP NP Service
+13.9%
Segment information by region
56,489
26,297
10,771
13.9
9.1
6.4
7,870
2,385
689
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Sales in K€ EBIT* in K€ EBIT-Margin* in %
* Accounting for consolidation differences
2018 2018 2018
Europe Asia America
Key figures from the consolidated income statement
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* Total output = sales revenues + change in inventories + capitalized development costs
** based on sales revenues
Key balance sheet figures and cash flow statement
Consolidated Balance Sheet2017/12/31
K€
2018/12/31
K€
Cash and cash equivalents 11,506 5,740
Short-term Liabilities 11,804 15,276
Long-term Liabilities 2,778 3,846
Interest-bearing Liabilities 0 3,383
Equity 56,760 59,298
Consolidated Cash Flow Statement2017/12/31
K€
2018/12/31
K€
Cash Flow from Operating Activities 12,752 1,232
Cash Flow from Investment Activities -3,428 -5,076
Cash Flow from Financing Activities -3,999 -5,422
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Key figures for earnings, financial situation and net worth
Key Performance Indicators 2017/12/31 2018/12/31
Return on Equity 16.0% 13.2%
Period Result / Equity
Return on Investment (ROI) 12.7% 9.6%
Period Result / Balance Sheet Total
Return on Sales 15.6% 11.7%
EBT / Sales
Return on Capital Employed (ROCE) 28.8% 19.1%
EBIT / (balance sheet total - cash and cash equivalents -
short-term liabilities and provisions)
Equity Ratio 79.6% 72.5%
Equity / Balance Sheet Total
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full-time part-timeEurope Asia Americas
Personnel
444
36
337
5622
391
7019
Sales per Staff*
in K€
* Based on the annual average 28
Personnel Distribution by Region
Personnel Distribution by Full-time and Part-time
381
34
2018 201820172017
195 206 220 203
2015 2016 2017 2018
Dividends
Dividend policy: Distribution of at least 50 % of the profit achieved for the period for the 2018 financial year
The proposed dividend of € 0.45 per participating share for 2018 corresponds to a payout ratio of around 51%
Dividend yield of 3.3% at year-end price 2018
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Share 2017 2018
Earnings per share € 1.02 € 0.88
Dividends per share * € 0.60 € 0.45
* posed dividend 2018
Outlook
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Sales: 94 – 100 Mio. €
EBIT-Margin*: 10 – 13 %Guidance 2019
* Without consideration of effects due to IFRS 16
Zentrale:
Viscom AG
Carl-Buderus-Str. 9 - 15 · 30455 Hannover
Tel.: +49 511 94996-0 · Fax: +49 511 94996-900
info@viscom.de · www.viscom.de
Kontakt Investor Relations:
Viscom AG, Anna Borkowski
Carl-Buderus-Str. 9 – 15 · 30455 Hannover
Tel.: +49 511 94996-861 · Fax: +49 511 94996-555
investor.relations@viscom.de · www.viscom.de
Weitere Informationen über Viscom und unsere
internationalen Niederlassungen sowie
Repräsentanten in Europa, USA und Asien
finden Sie unter:
www.viscom.com
Thank you for your attention!