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Viscom AG Annual Report 2016

Mar 22, 2017

468_ip_2017-03-22_cf9c1a27-421d-4398-b837-6b2252527ff6.pdf

Annual Report

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Viscom: Annual Financial Statement 2016

Disclaimer

This presentation is not directed to the investment goals or financial position of any specific individual person or legal person. Investors should obtain independent expert counsel regarding the question of an investment in shares of the Viscom AG and carry out an analysis of the particular situation themselves.

Although Viscom has endeavored to deliver reliable, complete and up-to-date information with this presentation, the company can accept no liability for the accuracy, completeness or topicality of this information.

Certain statements in this presentation which are based on information available at present are forward-looking statements or contain specific expectations for the future. Such statements, by their nature, are subject to risks and uncertainties. Circumstances such as the general economic development, future market conditions, changes in the capital markets and other circumstances can lead to significant deviation of the actual events or results.

The information in this presentation serves general informational purposes and is neither an offer nor part of an offer or any other request to acquire, subscribe to or sell securities issued by Viscom.

Content Overview

Contents:

  • Vision Technology, Strategy and Market
  • Key Company Figures 2016
  • Technology and Outlook

Vision Technology – Vision and Technology

Grow with technology!

  • Further expansion of competitive position
  • Leverage of growth perspectives offered by megatrends
  • Sustained increase of shareholder value

Inspection Solutions for the Electronics Industry

Growth Strategy

Strategic core elements:

  • Strengthen strengths: Consolidate and expand market position in automotive sector
  • Close gaps: Expand market position
  • into high-volume production
  • especially in Asian region
  • Open new fields: Tap new application areas
    • Battery production efficiency and safety
    • Scouting in new areas

On-Site Sales

Locations and presence

  • Headquarters in Hanover
  • Additional branch offices in Europe, Africa and America
  • Strong network of representatives
  • Service and support centers
  • Customer contact directly on site
  • Trade fairs: APEX, NEPCONs and SMT/Productronica
  • Annual Technology Forum with Users' Meeting
  • Customer events worldwide

Focus on the Asian Market

Chinese market as draught horse in mass segment

  • Branches in Singapore and Shanghai Increased sales through local distributors in China Participation in leading Chinese trade fairs NEPCON Shanghai NEPCON Shenzhen
  • Steadily running benchmarks and evaluations

Develop what the Market Demands

Intensive market analysis

  • Evaluation of customer requirements
  • Direct sales
  • Competitive analyses
  • Observing trade fairs
  • Tight partnership with customers and users

Out of many international firms, Viscom is recognized as the partner for analyzing new inspection tasks!

Idea Factory in Hanover-Badenstedt

Highly qualified employees

  • Numerous specialists on board, e.g.:
  • 50 engineers/physicists
  • Over 40 applications specialists
  • Over 70 technicians
  • Tight partnership with customers and users
  • Joint future-oriented projects with partners including
    • Leibniz-University, Hanover
    • University of Applied Sciences, Hanover
    • TU Munich

Strong, Highly Qualified Team

Individual performance and team spirit

  • Individual support of qualifications
  • Reinforcing team spirit
  • Summer fete, Christmas party
  • Special business unit activities
  • Binding employees through efforts such as:
  • Company daycare
  • Cafeteria
  • Fitness program

Viscom in a Global World

Master complexity

Viscom in a Global World

Viscom – at any time and anywhere

  • Leading technology
  • Worldwide customer proximity
  • Long-term collaborative partnership
  • Strong international service
  • Comprehensive service packages
  • Highly qualified employees

Content Overview

Contents:

  • Vision Technology, Strategy and Market
  • Key Company Figures 2016
  • Technology and Outlook

Incoming orders and order backlog

* due date 12/31/

Incoming orders according to regions

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EBIT and EBIT-Margin

Guidance for 2016 fulfilled with the realised EBIT-Margin

Segment information for business units

Segment information for regions

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* without consideration of consolidation differences in EBIT

Employees

Employees as of 31.12.

Revenue per employee*

Core indicators of consolidated income statement

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Dividend proposal

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  • Dividend policy: Dividend payout ratio of at least 50 % of the net profit
  • Dividend proposal for 2016 € 0.45 per dividend-bearing share, which equates to a dividend payout ratio of about 56 %
  • Dividend yield of 3.4 % regarding the closing price of 2016

Viscom-Share

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*) All share price information is based on XETRA daily closing prices

Shareholder structure

Content Overview

Contents:

  • Vision Technology, Strategy and Market
  • Key Company Figures 2016
  • Technology and Outlook

100 % Reliability for Electronics Production

Each inspection system is assessed on the basis of detection reliability:

  • Rate of false "good" decision (defect escape)
  • Rate of false "bad" decision (false call)

Over the medium term, the 3D technology, optical and with X-ray technology, will make it possible for the decisions to be up to 100 % certain!

Advantages:

  • The number of operators for a machine park drops
  • Repairs are eliminated defective electronic assemblies are disposed of
  • Production quality rises

3D AOI: Inspection System S3088 ultra gold

The Viscom standard system for error-free inspection

  • In-line system for highest throughput demands
  • Inspection speed up to 65 cm²/s
  • Viscom FastFlow Handling: Assembly change in 2 seconds
  • Simple inspection program generation with vVision
  • Short system amortization time
  • 3D analysis with high-throughput, high-performance camera technology XMplus

3D AOI: High-Performance Evaluation Software

3D analysis processes for highest reliability:

  • Component presence and offset
  • Measurement of component height
  • Solder joint inspection and measurement
  • Measurement of solder menisci
  • Detection of tombstones and coplanarity
  • Detection of lifted leads

3D AOI: The New XMplus Camera Technology

Capturing 3D geometry with structured light projection

  • 4 to 8 angled cameras and 1 projector mean high expense for apparatus
  • Advantage: Parallel acquisitions mean high speed
  • Advantage: High-resolution cameras (12 MP) bring high analysis quality
  • High-performance electronics for data transfer to powerful computer
  • Special efficient evaluation software for 3D calculation

Competitor Viscom

3D AOI with 360-Degree View

Use of angled cameras to record texture of component sides

  • Realistic surface display of all component surfaces
  • Covers additional defect features
  • More visual information at the verification station
  • View beneath the component and between the leads

Competitor Viscom TOTAL 3D with 360View

AXI: The New In-Line System X7056 II

High-speed data AXI system

  • 7056-II with about 4 s handling time
  • AOI and AXI combination system
  • Can be used as 2D and 3D AXI system
  • vVision user interface
  • High-powered AXI sensor technology through XXL FPD with up to 6 MP
  • Presentation at SMT trade fair in May 2017

Comparison of 2D AXI and 3D AXI

3D AXI

Overlaid assembly on front and rear sides

Front side

Rear side

Separation of front and rear sides by 3D analysis

3D AXI Solder Joint Analysis

Volume reconstruction of each solder joint from several views

Reliable recognition of defect locations even within a solder joint:

Voids

  • Connection surface to pad too small
  • Not enough or too much solder
  • Inspection of printed circuit boards populated on both sides

3D X-Ray Inspection: Planar CT in the X8068 System

3D inspection of compete electronic assemblies: Control unit with components, connectors, solder joints

  • For detecting the most minuscule defects without destruction
  • Max. 80 x 80 mm object size
  • Actual geometric resolution to about 10 µm
  • Result display in 3D and/or slice images
  • Semi- or fully automatic inspection
  • Time needed per assembly: About 4 min.

3D X-ray Inspection: Inspecting Lithium-Ion Batteries

Increasing significance for electromobility, mobile devices, etc. – but high danger potential due to risk of fire!

  • Measurement of Li-ion cell internal structure
  • Inspecting for minimum distances between electrical potentials
  • Evaluation through CT inspection of cell edge area

Overhanging anode/cathode

Distance anode – housing

Outlook

The electronics market and megatrends offer secure growth perspectives.

  • Autonomous driving vehicles
  • Electromobility
  • Miniaturization of electronic components
  • Further growth potential in global accounts
  • Winning evaluations always in focus
  • Positioning on Approved Vendor List (AVL)
  • Dividend policy: Payout rate of at least 50 % of result

2017 Annual Forecast

Revenue target: € 80 to 85 million EBIT-Margin: 13 to 15 %

Thank you for your attention!

Headquarters: Viscom AGCarl-Buderus-Str. 9 - 15 · 30455 HanoverTel.: +49 511 94996-0 · Fax: +49 511 [email protected] · www.viscom.com

Contact Investor Relations:Viscom AG, Anna Borkowski Carl-Buderus-Str. 9 – 15 · 30455 HanoverTel.: +49 511 94996-861 · Fax: +49 511 [email protected] · www.viscom.com

You will find further information about Viscom, our international subsidiaries and our representatives in Europe, the USA and Asia under:

www.viscom.com

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