1. Capital Markets Day
14 March 2017

2. 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
Capital Markets Day

3. FINANCIALS
Jouni Kinnunen
CFO

4. 2016 was a strong year for Aspocomp
EUR million
1-12/2016
1-12/2015
Change
Net sales
21.6
17.5
4.2
EBITDA
1.8
0.0
Comparable operating result
0.7
-0.9
1.6
% of net sales
3.2%
-5.4%
8.6 ppts
Operating result
-1.2
1.9
Earnings per share, EUR
0.16
-0.16
0.32
Operative cash flow
0.1
-0.1
0.2
Equity ratio, %
67.6%
68.6%
-1.0 ppts
Order book at the end of the period
2.4
Capital Markets Day

5. Income statement EUR million 1-12/2016 1-12/2015 Net sales 21.6 17.5
Other operating income
0.0
0.2
Materials and services
-9.2
-7.1
Personnel expenses
-6.2
-5.9
Other operating costs
-4.5
-4.6
Depreciations and amortization
-1.1
-1.2
Operating result
0.7
Financial income and expenses
-0.1
Profit/loss before tax
0.6
-1.3
Income taxes
0.4
0.3
Profit/loss for the period
1.0
-1.0
Capital Markets Day

6. Balance sheet EUR million Dec 31, 2016 Dec 31, 2015 Assets
Non-current assets
Intangible assets
3.2
3.1
Tangible assets
2.5
2.2
Available for sale investments
0.0
Deferred income tax assets
3.0
2.6
Total non-current assets
8.7
7.8
Total current assets
7.0
6.0
Total assets
15.7
13.8
Equity and liabilities
Total equity
10.6
9.5
Total liabilities
5.1
4.3
Total equity and liabilities
Capital Markets Day

7. Cash flow EUR million 1-12/2016 1-12/2015 Profit for the period 1.0
-1.0
Adjustments
0.1
1.1
Change in working capital
-1.7
-0.0
Received Interest income
0.0
Paid interest expenses
-0.1
Paid taxes
Cash flow from operating activities
Investments
-0.4
Proceeds from sale of property, plant and equipment
Cash flow from investing activities
Increase in financing
0.7
Decrease in financing
-0.9
-0.7
Stock options exercised
Cash flow from financing activities
0.3
Cash and cash equivalents at the end of period
Capital Markets Day

8. Aspocomp’s share price development (1 Mar 2016 – 28 Feb 2017)
Increase of some
150%
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9. Turning point (1/2) +24% 14.3.2017 Capital Markets Day EUR million
2012
2013
2014
2015
2016
2012
2013
2014
2015
2016
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10. Turning point (2/2) 14.3.2017 Capital Markets Day % % EUR 2012 2013
2014
2015
2016
2012
2013
2014
2015
2016
2012
2013
2014
2015
2016
Capital Markets Day

11. Significant investments in 2010-2013, very limited in 2014-2016
Outer-layer and SM LDI for high resolution imaging
with automation
Horizontal viafill plater for Cu viafill capacity and Cu consistency
UV-CO2 laser for laser drilling and cutting
CCD routing/drilling machine, for heavy metal + high precision
New plasma etching machine
X-ray drilling for high precision (PTH to Cu)
High precision drilling for PTH to Cu improvement
High accuracy DES for high accuracy line width and impedance control
Registration and riveting, improved total registration
2012
2016
2017
2015
2014
2013
Insertion loss simulation and test
Capital Markets Day

12. Estimated investment needs 2017-2020
Estimated annual investment level EUR 1.5–1.9 million
Excludes the potential new capacity investments in the plant in Oulu
INVESTMENTS
EUR 1,000
Capital Markets Day

13. Aspocomp updates its dividend policy
The company’s aim is to pay an annual dividend to its shareholders. In its annual proposal on the distribution of dividend, the Board will take into account the company’s financial performance, investment and development needs, and solvency. The targeted dividend payout ratio is at least one-third of the group’s profit for the financial year.
Capital Markets Day

14. Outlook for 2017
In 2017, net sales are expected to grow approximately 10 percent and the operating result to be better than in 2016
In 2016, net sales amounted to EUR 21.6 million and the operating result was 3 percent of net sales
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15. Thank you
Capital Markets Day