Investor Presentation • Jan 25, 2018
Investor Presentation
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Frankfurt, 25.01.2018
Certain statements in this slide show, including those addressing the Company's beliefs, plans, objectives, estimates or expectations of possible future results or events, are forward‐looking statements. Forward‐looking statements involve known or unknown risks, including general economic and business conditions, and conditions in the industry we operate and may be affected should our assumptions turn out to be inaccurate. Consequently, no forward‐looking statement can be guaranteed and actual future results, performance, or achievements may vary materially from those expressed or implied by such forward‐looking statements. The Company undertakes no obligation about the contents nor to update the forward‐looking statements to reflect events or circumstances that may arise after the date hereof.
Hi‐Tech industrial group active in opto‐electronics with proprietary technologies and know how developed over 35 years
More than 20 companies active worldwide on several markets and application segments. Listed on the Milan Stock Exchange, Star segment
Progressively widening its worldwide presence registered continuous growth over the years
1,200 employees worldwide, more than 40,000 laser sources sold
13% Revenue CAGR 2011 – 2016
40% EBIT CAGR 2011 – 2016
FY 2016 Consolidated Revenue at €253m, up 16% YoY, 9M 2017 €218m up 22%
5
| \$ i l l i U S m o n |
2 0 1 4 |
2 0 1 6 |
2 0 2 1 |
C A G R |
C A G R |
|---|---|---|---|---|---|
| 1 4‐ 1 6 |
1 6‐ 2 1 |
||||
| l b l d l l G i i i i o a n o n‐ n a s e a n m n m a v v y |
|||||
| l h i i d i i t t t t t n v a s v e m e c a a e s e c r e a m e n |
|||||
| t s y s e m s |
6. 9 3 2 |
8. 4 3 7 |
1 3. 9 9 2 |
% 1 0 |
% 1 1 |
| b d E t t t t n e r g y a s e r e a m e n s y s e m s ‐ |
2. 0 3 3 |
2. 6 7 0 |
4. 3 8 0 |
% 1 5 |
% 1 0 |
| d h i & k i i h i B S t t o y s a p n g n g e n n g |
7 2 4 |
9 9 6 |
1. 9 6 5 |
% 1 7 |
% 1 5 |
| k S i j i t n r e u v e n a o n |
5 2 3 |
6 9 5 |
1. 0 8 9 |
% 1 5 |
% 9 |
| l H i a r r e m o v a |
3 5 3 |
3 4 1 |
3 3 3 |
2 % ‐ |
0 % |
| L i t t t e g v e n r e a m e n s |
1 3 1 |
1 5 7 |
1 8 7 |
9 % |
4 % |
| d A i t c n e r e u c o n |
9 6 |
1 1 0 |
1 2 5 |
% 7 |
3 % |
| l i j i V t a g n a r e e n a o n u v |
n a |
0 1 5 |
3 3 2 |
n a |
2 6 % |
| d l l i i & P t t t t g m e n e e s o n a o o r e m o v a |
8 0 |
9 9 |
1 4 2 |
% 1 1 |
% 7 |
| h O t e r |
1 2 6 |
1 6 7 |
2 0 7 |
1 5 % |
4 % |
| l T t o a |
2. 0 3 3 |
2. 6 7 0 |
4. 3 8 0 |
1 5 % |
1 0 % |
Source: Medical Insight Report
Lasers increasingly adopted in high quality manufacturing for uniqueness, flexibility, environment friendliness, productivity
Market forecast for high power laser systems: 2016‐2020 CAGR 7,6%
Source: Optech Consulting
1 kW RF CO2laser source launched @ Laser 2017
in Euro million
| l l i i E M u r o o n |
/ / 3 0 0 9 1 6 |
% | / / 3 0 0 9 1 7 |
% | % V a r. |
|---|---|---|---|---|---|
| d d i t u n a u e |
d d i t u n a u e |
||||
| R e v e n u e s |
9 6 1 7 5 5 |
0 0 0 % 1 , |
2 8 2 1 4 1 |
0 0 0 % 1 , |
2 6 % 1, |
| G i r o s s m a r g n |
8 6 2 3 7 |
3, 8 % 4 |
9 0 8 9 9 |
6 % 4 1, |
6 % 1 5, |
| E B I T D A |
2 2 9 6 2 |
2, 8 % 1 |
2 6 8 5 4 |
2, 2 % 1 |
6 % 1 5 , |
| E B I T |
9 6 9 1 7 |
0 % 1 1, |
2 2 6 0 1 |
0 % 1 1 , |
2, % 1 1 |
| I P t r e a x n c o m e |
4 2 0 2 7 |
2 3, 4 % |
1 9 1 0 8 |
8 % 7 , |
4 % 5 5 ‐ , |
| / / 3 1 1 2 1 6 |
/ / 3 0 0 9 1 7 |
||||
| d d i t n a e u u |
|||||
| f l N i i i i t t e n a n c a p o s o n |
8 2 7 8 4 |
7 5 7 6 0 |
in Euro million
in Euro million
in Euro million
| k h l d 's i h S E t t o o e r q p e r s a r e c u y |
9, 6 |
|
|---|---|---|
| / i k l d j. P B V A r c e o o a u e |
2, 8 |
|
| / ( ) 8 0 % E V E B I T E B I T |
9 1 7, |
|
| / ( ) l l E V S 8 0 % S a e s a e s |
1, 8 |
|
| l. k C E E M t n. a r e a p. |
0, 2 @ € 2 6, 5 1 4 4 |
|
| f l i i i i N t t e n a n c a p o s o n |
/ / 8 @ 3 0 0 9 7 5, 1 7 |
|
| / l l F i i i t t t n a n c a n v e s m e n s m e r m |
/ / 1 2, 0 @ 3 0 0 9 1 7 |
|
| l i V E t n e r p r s e a u e |
4 2 2, 5 |
| in m ln Am nts ou |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| h, Se 3 0t 2 0 1 7 t. p |
|||||||||||
| ice Pr |
Re ve nu e |
% Va r. |
E B I T |
% E B I T |
Ca M K. p. |
E V |
/ Sa les E V |
/ E V E B I T |
Ca h d j. A s |
/ k P Bo o |
|
| / d l he Me ica Ae ic st t |
Re v. |
( *) |
( *) |
/ ( *) P E |
lue Va |
||||||
| Cu te ra |
\$ 4 9, 5 0 |
\$ 1 0 4 |
3 0 % |
\$ 7 |
6 % |
\$ 6 9 3 |
\$ 6 4 2 |
4, 6 |
7 3, 8 |
6 7, 7 |
1 1, 3 |
| io las B e |
\$ 0, 3 5 |
\$ 3 4 |
1 0 % ‐ |
\$ ( ) 1 3 |
3 9 % ‐ |
\$ 4 0 |
\$ 3 6 |
0, 8 |
n. a. |
n. a. |
1, 9 |
| ( ** ) S isr d ica l Me am |
\$ 0, 8 6 |
\$ 6 6 |
3 % 1 |
\$ 1 4 |
2 % 1 |
\$ 3 9 7 |
\$ 3 9 2 |
3, 0 |
3, 8 1 |
2 5, 1 |
8 7, |
| du l In ia str |
|||||||||||
| ho ics I P G P Co to n |
\$ 2 6 0, 9 7 |
\$ 1. 0 4 8 |
4 4 % |
\$ 4 0 3 |
3 8 % |
\$ 1 4. 0 4 8 |
\$ 1 3. 0 0 6 |
9, 3 |
2 4, 2 |
3 3, 1 |
7, 2 |
| du Pr im In ie str a |
€ 3 8, 1 5 |
€ 3 0 0 |
9 % |
€ 1 7 |
6 % |
€ 4 0 0 |
€ 5 0 3 |
1, 3 |
2 2, 2 |
3 1, 1 |
2, 8 |
| 's Ha Las n er |
¥ 5 1, 9 3 |
¥ 8. 9 1 5 |
4 2 % |
¥ 1. 5 7 3 |
1 8 % |
¥ 5 5. 4 1 8 |
¥ 5 3. 9 0 7 |
4, 5 |
2 5, 7 |
2 6, 9 |
8, 0 |
| ( ) l. E En 1 |
€ 2 6, 4 4 |
€ 2 8 1 |
2 2 % |
€ 2 2 |
0 % 1 |
€ 0 5 1 |
€ 2 3 4 |
8 1, |
9 1 7, |
3 0, 0 |
2, 8 |
(1) EV and multiplies as for previous slide
(*) Revenue,Ebit and earnings annualized
(**) Data as at June 30 th. 2017
Enrico ROMAGNOLI Investor Relations Manager tel. +39 055‐8826807E‐mail: [email protected]
Financial Communication, IR and Press Office Bianca FERSINI MASTELLONI ‐ [email protected] [email protected] Tel. +39 06‐69923324
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