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First Sensor AG — Investor Presentation 2018
Jun 1, 2018
159_ip_2018-06-01_0ba576c9-b645-4540-a13f-20ff8693c0bc.pdf
Investor Presentation
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WE LEAD THE FUTURE
COMPANY PRESENTATION
FIRST SENSOR AT A GLANCE
OUR COMPETENCE
Pattern recognition is our very first core competence.
OUR COMPETENCE Semiconductor production puts this competence into products.
OUR COMPETENCE Microelectronic technology comprises our second core competence.
OUR COMPETENCE
We link our two competences in order to design sensor systems.
Form factor
OUR COMPETENCE Thereby, we cover the entire value chain of sensor technology.
− Connecting microelectronic and non-electronic micro components to a housing
- − Consists of a sensor chip, a housing and electronics
-
− The measurement signal can be calibrated
-
− Measures and preprocesses data
- − communicates with other systems
Detect Detect & Understand
OUR MARKETS We focus on the growth markets Industrial, Medical and Mobility.
OUR MARKETS
The industrial market needs sensors to create an autonomous interaction between products and processes.
OUR MARKETS The medical market is characterized by miniaturization & digital health.
Devices in the nanometer range for new applications, e.g. ventilators for home use, are no longer merely visions of the future.
OUR MARKETS The mobility market is driven by a new idea of transportation.
The trend towards partially and fully autonomous vehicles is possible only thanks to sensor-based driver assistance systems.
OUR PRESENCE We grow in our core market as well as in high potential sales regions.
FINANCIAL KEY FIGURES
We are clearly on a path of growth FINANCIAL KEY FIGURES
3.0 5.7 10.7 11.6 12.0 13.8 16.0 32.6 37.0 38.5 30.2 45.2 65.1 111.9 108.5 124.0 137.7 150.1 147.5 150-160* 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 * Guidance 2018 Going Public Acquisition Lewicki Microelectronic GmbH Acquisition Microelectronic Packaging Dresden GmbH Foundation Silicon Micro Sensors GmbH Acquisition First Sensor Technology GmbH Acquisition Sensortechnics GmbH & MEMSfab GmbH All companies merge under the umbrella of the First Sensor brand Launch OneERP sales in € million
FINANCIAL KEY FIGURES To strengthen our profitability is just as important as sales growth
FINANCIAL KEY FIGURES Q1 sales with € 34.5 million on level of previous year
Production recorded decreased output due to the introduction of a new ERP system for company management.
As a result the booked order volume was not produced in full.
This is also evident in our order backlog, which at €97.3 million is €4.8 million up on the fourth
Q1 INTERIM REPORT 2018 Reduced output is evident in order backlog of €97.3 million
Order backlog with €97.3 million €4.8 million up on the fourth quarter of 2017; € 8.4 million up on the first quarter of 2017
FINANCIAL KEY FIGURES Further growth in all target markets over the course of the year
FINANCIAL KEY FIGURES DACH region still the most important market
FINANCIAL KEY FIGURES EBIT-Margin 3.1 % due to reduced economies of scale and growth costs
FINANCIAL KEY FIGURES Cash flow items improve slightly year-on-year
FINANCIAL KEY FIGURES
Consolidated balance sheet almost unchanged
Comments
increase in inventories of around €2.8 financed with cash and cash equivalents to allow improvement in delivery capability
Net debt with €25.2 million slightly lower than in the previous year (PY: €27.3 million)
Equity increased to €82.1 million (PY: €78.7 million)
Equity ratio 51.5% (PY: 50.9%)
FINANCIAL KEY FIGURES
Growth-driven investments in expanding personnel levels
FINANCIAL KEY FIGURES Order intake still on high level, book-to-bill indicates further growth
Incoming orders totaled €39.3 million. As an important growth indicator, our book-to-bill ratio thus came to 1.14 as at the reporting date.
Due to reporting date factors driven by the lower output in connection and the alignment of the ERP system, the order backlog also increased. It now totals €97.3 million.
FINANCIAL KEY FIGURES Management confirms guidance 2018
STRATEGIC PERSPECTIVE FOR PROFITABLE GROWTH
OUR STRATEGY FOR PROFITABLE GROWTH We generate and utilize economies of scale in 4 dimensions.
OUR STRATEGY FOR PROFITABLE GROWTH We generate and utilize economies of scale in 4 dimensions.
DIMENSION 1: CLEAR FOCUS ON OUR TARGET MARKETS Our target markets are growth markets
DIMENSION 1: CLEAR FOCUS ON OUR TARGET MARKETS We participate in this market growth
OUR STRATEGY FOR PROFITABLE GROWTH We generate and utilize economies of scale in 4 dimensions.
DIMENSION 2: CLEAR FOCUS ON KEY CUSTOMERS & PRODUCTS Why is this efficient?
Our growth becomes more scalable and our profitability increases.
OUR STRATEGY FOR PROFITABLE GROWTH We generate and utilize economies of scale in 4 dimensions.
DIMENSION 3: CLEAR FOCUS ON FORWARD INTEGRATION We base our forward integration initiatives on clear product roadmaps.
DIMENSION 3: CLEAR FOCUS ON FORWARD INTEGRATION One example is a multi sensor system for HVAC applications
OUR STRATEGY FOR PROFITABLE GROWTH We generate and utilize economies of scale in 4 dimensions.
Strategic Perspective for Profitable Growth
DIMENSION 4: CLEAR FOCUS ON INTERNATIONALIZATION We generated further growth in our key sales regions
OUR STRATEGY FOR PROFITABLE GROWTH We generate and utilize economies of scale in 4 dimensions.
Our current core initiatives THE FUNDAMENT: FOCUS ON OPERATIVE EXCELLENCE
GROWTH DRIVER LIDAR LiDAR is a relevant factor within our strategy for profitable growth.
Main reason for accidents are preventable human mistakes.
Therefore cars become more and more autonomous.
| Autonomous Levels |
Level 1 | Level 2 | Level 3 | Level 4 | Level 5 |
|---|---|---|---|---|---|
| Assisted Driving |
Partly Automated |
Highly Automated |
Fully Automated |
Driverless | |
| Fuctionality | Active Cruise Control (ACC) Lane departure warning system (LDWS) |
Lane Keep Assist (LKA) Park Assist (PA) |
Automatic Emergency Brake (AEB) Driver Monitoring (DM) Traffic Jam Assist (TJA) |
Autopilot on Highway (AP) |
Autopilot everywhere |
| Sensors | + Ultrasonic Radar (long range) Front Camera |
+ Surround Camera |
+ + Radar (short range) Driver Camera LIDAR |
SENSOR Fusion | SENSOR Fusion |
Sensors in vehicles assist the drivers and provide more road safety.
LiDAR is an important technology for many of these safety applications.
Besides LiDAR, cameras are irreplaceable for a safe surround view.
| On Board Sensor Capability | LIDAR (Detection & ranging) |
Camera (Monitoring & classification) |
RADAR (Detection & ranging) |
V2X & Cellular* (Information) |
Map & Location (Information) |
||
|---|---|---|---|---|---|---|---|
| Detection | Traffic objects |
Car/Trucks | |||||
| Performance | Motorcycle | ||||||
| Bicycle | |||||||
| Pedestrian | |||||||
| Animal | |||||||
| Debris | |||||||
| Infrastructure traffic constraints |
Road marking | ||||||
| Traffic signs | |||||||
| Traffic lights | |||||||
| Path/Road | Curve | ||||||
| structure | Guard rails | ||||||
| Wall/Obstacle | |||||||
| Dynamic | Static | ||||||
| 360° View |
|||||||
| Robustness | Rain/Snow | ||||||
| Fog | |||||||
| Night |
* Depends on coverage
GROWTH DRIVER LIDAR In LiDAR systems different components work hand in hand.
Source: Velodyne
First Sensor is an important supplier for the detectors in LiDAR systems.
With our APD we have captured a leading share for more than 10 years.
GROWTH DRIVER LIDAR But LiDAR also has applications in the industrial market, e.g. logistics…
GROWTH DRIVER LIDAR …mapping and construction…
GROWTH DRIVER LIDAR …and traffic control & security.
THE SHARE
FIRST SENSOR SHARE Currently, our free float amounts to nearly 59 percent.
FIRST SENSOR SHARE
First Sensor share recorded a performance of 15.8% in Q1 2018
Q1 INTERIM REPORT 2018 Meet First Sensor: Financial Calendar 2018
| When? | What? |
|---|---|
| 15.05. 2018 | German Spring Conference, Marriott-Hotel, Frankfurt am Main |
| 23.05.2018 | Annual Meeting 2018, Penta Hotel, Grünauer Str. 1, 12557 Berlin |
| 01.06.2018 | Roadshow Oddo BHF, Paris, France |
| 21./22.6.2018 | Berenberg Pan-European Discovery Conference, Provence Côte d'Azur, France |
| 13.08.2018 | 6-Month Financial Report |
| 12.11.2018 | Q3 Interim Report |
| 26./27.11.2018 | Analyst' Conference: German Equity Forum, Sheraton Airport Hotel, Frankfurt am Main |
OUR EXECUTIVE BOARD
Dr. Dirk Rothweiler CEO
since Jan. 1, 2017
- CEO, First Sensor AG
- Executive Vice President Optical Systems, Jenoptik AG
- Vice President Sales and Service, TCZ
- Managing Director Asia-Pacific, Süss Microtec Co. Ltd.
- Director Sales & Marketing, Süss Microtec AG
- Project Manager for the Semiconductor Technology Division, Carl Zeiss
- Doctorate from the Department of Engineering, RWTH Aachen
Dr. Mathias Gollwitzer CFO
since Aug. 10, 2015
CFO, First Sensor AG Vice President Group Controlling, EnBW Energie Baden-Württemberg AG CFO, Mercedes-Benz France SAS Director Corporate Controlling, DaimlerChrysler AG CFO, DaimlerChrylser Belgium/Luxembourg NV/SA Director Research and Technology, Daimler AG CEO, Temic Sprachverarbeitung GmbH Director Division Controlling, Telefunken Systemtechnik Gmb Expert Adviser Finance/Controlling, Deutsche Aerospace AG
WE LEAD THE FUTURE
Roadshow First Sensor AG
Paris, June 1, 2018
This presentation contains forward-looking statements. This presentation does not represent any solicitation to purchase shares of First Sensor AG. Rather it is intended exclusively for information purposes with regard to possible future developments at the company. All future-oriented information in this presentation was produced on the basis of probability-based planning and represents statements regarding the future which cannot be guaranteed. Rounding differences may occur.
First Sensor AG, Investor Relations T +49 30 63 99 23 760 E [email protected]