Capital Markets Day 14 March 2017
Agenda and presenters Aspocomp’s global supply chain Antti Ojala, VP Business Development Aspocomp’s Strategy Mikko Montonen, CEO Aspocomp’s customer segments and solutions Tero Päärni, VP Sales Financials Jouni Kinnunen, CFO 14.3.2017 Capital Markets Day
SEGMENTS AND SOLUTIONS ASPOCOMP’S CUSTOMER SEGMENTS AND SOLUTIONS Tero Päärni VP Sales
Megatrends impacting the electronics industry for the next 10 years Source: Prismark 14.3.2017 Capital Markets Day
World printed circuit forecast Source: Prismark 14.3.2017 Capital Markets Day
PCB demand by application supports Aspocomp’s strategy CAGR 2016–2021 Computer -0.1% Communications 3.2% Consumer 3.5% Automotive 4.3% Industrial 4.2% Medical Military/Aerospace 3.6% Packaging 0.1% Total 2.2% Automotive is the fastest growing segment, also industrial and military growing Source: Prismark 14.3.2017 Capital Markets Day
For Aspocomp, Finland is still the largest market due to strong telecommunication segment 14.3.2017 Capital Markets Day
Sales development of new customers – strong annual growth 14.3.2017 Capital Markets Day
PCBs can be found inside of numerous everyday equipment ULKOASU nykyformaatin mukaiseksi. OTSIKOT UUSIKSI slide 29, 30 31
And their number may be a surprise… 1-3 ~10 ~140 ! ULKOASU nykyformaatin mukaiseksi. OTSIKOT UUSIKSI slide 29, 30 31
PCBs have many different functions in the equipment Electrical Connection Functionality Mechanical Function
INDUSTRIAL ELECTRONICS Serving customers in various segments SEMICONDUCTOR R&D AND IC TESTING AUTOMOTIVE SECURITY & DEFENCE TELECOMMUNICATION INFRASTRUCTURE Possible talking points: We serve the following segment presented in the slide Short introduction to different market segments INDUSTRIAL ELECTRONICS 14.3.2017 Capital Markets Day
Automotive segment provides the most lucrative growth opportunities Net sales in 2016 EUR 6.7 million Potential ++++ Automotive electronics market Market* Size USD 4.8 billion CAGR 5% Driving Forces Driver assistance Powertrain Infotainment Lighting Advanced driver assistance systems (ADAS) is the near-term growth driver Our Strengths TS 16949 certification Own manufacturing Volume supply Wide rigid product offering * Source: Prismark, company’s own estimate 14.3.2017 Capital Markets Day
Telecommunication infrastructure segment is still the largest one for Aspocomp Net sales in 2016 EUR 8.5 million Potential +++ Market* Size USD 5.9 billion CAGR 1.5% Wireless infrastructure equipment market value Driving Forces 5G Wireless IOT Our Strengths Experience & knowhow Technical capability Customer base Relations to volume manufacturers * Source: Prismark, company’s own estimate. Market size includes telecom infra only 14.3.2017 Capital Markets Day
The global uncertainty boosts Security & Defence segment Net sales in 2016 EUR 2.4 million Potential ++ Global military market Market* Size >USD 3 billion CAGR 3.6% Driving Forces General unsecure environment RF & Wireless Our Strengths Technical capabilities Geographical location * Source: Prismark, company’s own estimate 14.3.2017 Capital Markets Day
Time to market is crucial for Semiconductor R&D and IC Testing Net sales in 2016 EUR 0.5 million Potential ++ Market* Size <USD 1 billion CAGR 2.5% World semiconductor and GDP growth rates Driving Forces Miniaturization Time to market Our Strengths QTA Technical capability Technical customer service * Source: Prismark, company’s own estimate 14.3.2017 Capital Markets Day
Increasing automation and M2M communication boost Industrial Electronics Net sales in 2016 EUR 3.3 million Potential ++ Market* Size <USD 3 billion CAGR 4% Driving Forces Automation Robotics M2M Our Strengths Technical capabilities Hi-Tech-low-volume support * Source: Prismark, company’s own estimate 14.3.2017 Capital Markets Day
Snapshot of major companies in electronic supply chain OEM EMS Semiconductor Honeywell Nokia Continental Delphi Valeo Fujitsu Ericsson Motorola Solutions Scanfil Enics Hon Hai Flex Jabil Celestica Sanmina Zollner Qualcomm TI STMicroelectronics Media Tek NXP Infineon Intel Advantest About half of these are already Aspocomp’s customers 14.3.2017 Capital Markets Day
Why do customers select Aspocomp? Aspocomp’s competitive edge Complex technical PCB requirements Combined technology and manufacturing knowledge Strong world-class partner network Fastest deliveries, flexible, agile Certified quality for automotive requirements Need reliable PCB partner to support all technologies and volumes Time to market is critical 14.3.2017 Capital Markets Day
Summary Becoming the number one partner for our customers Focusing on growing segments Targeting and selecting right customers Providing sufficient service and product portfolio Becoming the number one partner for our customers 14.3.2017 Capital Markets Day