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P.C.B. Technologies Ltd. — Investor Presentation 2024
Aug 12, 2024
6971_rns_2024-08-12_f4d3118d-7ef5-440f-81c6-2f9f61299b5b.pdf
Investor Presentation
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PCB All-in-One Solutions
Q2 2024
Company Presentation
August 2024



Forward looking statement
Disclaimer
The information contained herein is a summary only, and does not exhaust all the information about the Company or its operations, nor does it replace a review of the Company's Periodical or Annual Reports, or any other information which is filed and furnished with the Israel Securities Authority.
Material information regarding the Company which is included in this slide presentation has been published to the public in the past as part of the Company's reporting. That said, the information or data presented may be presented in a different manner and/or segmentation from those previously furnished in the Company's Reports.
This presentation does not constitute or form part of any invitation or offer to invest or purchase the Company's securities, and in particular does not constitute an "offer to the public" or "sale to the public" of any kind. This presentation is intended solely for the provision of information included in it, and does not constitute a recommendation, or an opinion, or a substitute for the judgment of an investor for any kind of decision. Furthermore, it does not pretend to include all the information that may be relevant for the purpose of making any decision regarding the investment in the Company's securities or in general.
This presentation may include forward-looking information as defined in the Securities Law, 1968, including forecasts, goals, business strategy, evaluations and estimates, regarding both the Company's activities and the markets in which it operates, as well as any other information, in any form in which it is presented, that relates to future events or matters, the realization of which is uncertain and is not under the Company's control.
Any forward-looking information is based on current estimates and assumptions, among others, by the Company's management, which, although Company believes are reasonable, are inherently uncertain and are partially based on subjective estimates. The realization or non-realization of the forward-looking information will be affected and depended on a variety of factors including the risk factors which are inherent to the Company's activity, third party decisions, including regulatory authorities and engagements with third parties, as well as by developments in the economic environment and the external factors which impact the Company's activity, which cannot be assessed in advance and are out of the Company's control. Actual results and achievements of the Company in the future may be materially different from those presented in the forward-looking information presented in this presentation.
The Company does not undertake to update or change such a forecast or estimate in order to reflect events and/or reasons that will apply after the date of this presentation and does not undertake to update this presentation.

PCB TECHNOLOGIES at a Glance
Providing All-in-One, Cutting-Edge Hardware Electronics Technology
Legacy:
Since 1981 HQ is in Israel 720 employees
Innovation:
Strong R&D and Engineering Team -15% of employees. New Products - 25% of Total Revenue +100 customers programs
Diversified Customer Base: (2023)
35% Defense and Aerospace 34% Industrial Instruments 31% Medical
Performance
(Q2-2022->Q2-2024): LTM Revenue– 139 M\$ CAGR sales (last 12 months trialing): 7.1% CAGR GP: 17.8% CAGR EBITDA: 18.8%
Market Opportunity Growth CAGR% 2024-2030:
Defense and Aerospace 5.1%-8.5% Industrial Instruments 3%-7.3% Medical 3% -6.3%
Value Proposition:
One Site, One Solution: Bridging PCB Fabrication, IC Packaging, and Final Product Integration
Assembly and final product
Organic Substrates
Advanced IC Packaging

Sources: Yole, Mordor Intelligence
PCB Printed Circuit Board
Company History


Corporate Structure

PCB Technologies
Publicly Listed

iNPACK Technologies (100% owned) AMS Electronic Assembly (100% owned)
High-End Technologies
PCB Technologies Ltd. solutions enabling the most advanced electronics applications & technologies

PCBs & Substrates (Circuits Division)
- Printed circuit boards designed to support the most complex, high-density and powerful systems.
- Substrate design & manufacturing enabling high-performance solutions for analog, digital and high power.


IC Packaging (iNPACK Division)
• Complete design & manufacturing solution for the semiconductor industry.
PCBA & Final Product (Assembly Division)
• Comprehensive solutions from subassemblies to the final product, delivering precision and reliability for every electronics application.

… to enable High-End Applications
PCB Technologies Ltd. solutions enabling the most advanced electronics applications & technologies

Defense Medical


Radar ADAS

Drones Medical
PCBs & Substrates IC Packaging PCBA + Final Product
Industrial Instruments Aerospace


RF Communication




Providing Solutions for Leading Defense & Aerospace Programs

Optical Seeker - Navigation system

Eitan APC - Radar System

Iron DOME - Missile Program

Arrow 3 - Antennas
OVER 100 PROGRAMS:
Providing PCB Solutions:
- High Frequency
- High Reliability
- High Power
Performance, durability & long life, even in harsh conditions, serving:
- Top Tactical OEMs
- Military Branches & Intl. Ministries of Defense
- Commercial Space Applications & more


F35 - Communication System

Active Protection - Radar System

Aircraft Program Landing & Comm. System

Impacting Medical Device Technology That Can Change Lives
END-TO-END FULL ASSEMBLY SOLUTION:
Utilizing our All-in-One Methodology for complete, complex Medical Devices starting from PCB right through to final product assembly.

PCB Technologies is ISO 13485 certified.

Cardiac Navigation - Complete System

PCBA for MRI system

Respiratory Monitoring - Complete System
Creating Precision Industrial Instruments for Complex Challenges
ALWAYS UP ON TECH:
Offering innovative solutions that provide both products and entire systems for a wide range of critical industrial sectors, including: Semiconductor Aggrotech, National Utility Grids and the latest Space-age Satellite Communications Systems.


PCBA for 5G Satellites Aggrotech Drones - Complete System

Water Meter Equipment - Complete System

Semiconductor - Heat Management control

Markets Mega Trends


End-Market Growth Drivers & Outlook
| Segment | Company Share from 2023 Revenue |
US+EU Total *EMS Market Size 2024 (B\$) |
PCB & Substrate Market Size(B\$) |
IC Packaging Market Size (B\$) |
Assembly & Final Product Market Size (B\$) |
Company Addressable Market 2024 (B\$) |
Segment CAGR % (2024-2030) |
|---|---|---|---|---|---|---|---|
| Aerospace & Defense |
35% | 45 | 5 | 2 | 38 | 7.2 | 5.1%--8.5% |
| Medical Technologies |
31% | 32 | 3 | 2 | 27 | 3.7 | 3%--6.3% |
| Industrial Instruments |
34% | 41 | 4 | 2 | 35 | 4.7 | 3%--7.3% |
| Total | 118 | 12 | 6 | 100 | 15.6 |

Sources: Mordor Intelligence, K.B.V Research *Electronic Manufacturing Services
Unique ONE-STOP SHOP for integrated cutting-edge Hardware Electronics Manufacturing
Added Value to Customers:
- Improved time to market
- Better yield processes
- More flexibility in design
- Smarter customization
- Lower development costs
- From prototype to mass production


Key Business Highlights
14
Diversified end-market mix with a growing Aerospace & Defense segment

Based on 2023 Sales By Main Industries

15
Sales Trend K\$
\$80,000
\$90,000
\$100,000
\$110,000
\$120,000
\$130,000
\$140,000
\$150,000

Consistent Growth in Sales

Consolidate EBITDA & GP Trends K\$

Ongoing improvement in operational efficiency and product mix

Circuits Division GP K\$ Trend

Double GP by product mix and revenue stream, driven by our proprietary technology and strong OEM partnerships

0
1,000
2,000
3,000
4,000
5,000
6,000
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
Backlog & Long Term Agreements (LTA) M\$

Circuits drive our backlog while total LTA show steady growth
*Adjacent to the release date of Q2 2024 financial statements
