Okmetic Company Presentation. February 2016

Transcription

1 Okmetic Company Presentation February 2016

2 Tailor-made silicon wafers for the manufacture of sensors, discrete semiconductors and analog circuits Okmetic supplies tailor-made silicon wafers for sensor and semiconductor industries. Key figures 2015 Net sales 84.5 million euro As of 1 January 2016 Okmetic s customer segments are Sensor wafers and Discrete&Analog wafers (D&A wafers). Operating profit Personnel % of net sales Okmetic is the world s leading supplier of sensor wafers and an esteemed technological partner. 2 / Okmetic Communications / February 2016

3 Milestones 2015 Capacity expansion for 200 mm silicon wafers and advanced SOI wafers started 2012 Wafering line capacity expansion started 2011 Sales office in Hong Kong opened 2011 SOI capacity expansion started by extending the Vantaa plant 2009 Sensor business capacity expansion started 2006 Sales office Okmetic K.K. founded in Japan 2004 Okmetic fab lite strategy introduced 2001 SOI wafer volume production started 2000 Okmetic listed on the Helsinki Stock Exchange (today Nasdaq Helsinki) 1999 Okmetic Inc. starts the production of epi wafers at Texas plant 1997 Start of new crystal and wafer plant in Vantaa, Finland 1987 Okmetic starts industrial production of silicon wafers in Espoo, Finland 1985 Foundation of Okmetic Oy, a joint venture of Nokia and Outokumpu 3 / Okmetic Communications / February 2016

4 Okmetic is early in the electronics value chain E.g. automotive, consumer electronics, IoT, healthcare, process industry Polycrystalline supplier Silicon wafer supplier 8 BUSD (Foundry) Semiconductor producer 341 BUSD (System supplier) End product producer 1,49 Trillion USD 4 / Okmetic Communications / February 2016

5 Okmetic targets the niche markets of the semiconductor industry with high-performance wafers Sensor industry Market 9 billion USD Okmetic is the market leader Discrete&Analog industry Market 64 billion USD Okmetic is a valued and reliable supplier 5 / Okmetic Communications / February 2016

6 Sensors, discrete semiconductors and analog circuits can be found in many products around us Okmetic s silicon wafers are used for the manufacture of sensors, discrete semiconductors and analog circuits. Automotive Consumer electronics Medical instrumentation Process control 6 / Okmetic Communications / February 2016

7 Examples of automotive sensors Tank / Tire pressure On board diagnostics Microphones / Displays Communication Inertial sensors Airbag and stability control Angular rate Navigation, Tilt, Chassis Pressure sensor Vehicle dynamics, crash detection Mass air flow sensor Air intake Angular rate sensor Roll over 7 / Okmetic Communications / February 2016

8 Okmetic s products SOI (Silicon-On-Insulator) wafers, large product family DSP (double side polished) wafers SSP (single side polished) wafers High resistivity wafers up to and beyond 5 kohm-cm Low resistivity wafers below 1 mohm-cm Large portfolio of different crystal materials with different dopants and orientations Complete set of mm wafers for sensor, discrete semiconductor and analog circuits markets 8 / Okmetic Communications / February 2016

9 Okmetic worldwide Finland: HQ, a plant, sales, customer support North America: Sales, customer support, sales representatives Asia: Sales offices in Japan and Hong Kong, sales representatives in China, Korea, Malaysia, Singapore and Taiwan. Customer support in Japan and China. 9 / Okmetic Communications / February 2016

10 Okmetic s supply chain Vantaa plant, Finland Crystal growth Sensor wafers Silicon wafers used in the manufacture of discrete semiconductors and analog circuits (D&A wafers) Advanced wafers (SOI) Fab lite capacity, Japan and China Both sensor wafers and D&A wafers 10 / Okmetic Communications / February 2016

11 Okmetic s strengths Crystal growing High-performance wafer manufacturing Agile supply chain Customer relations Okmetic is the market leader in silicon-based solutions in its chosen market segments as well as a technological pioneer. 11 / Okmetic Communications / February 2016

12 Fab lite model important part of Okmetic s production strategy already since 2004 Okmetic manages the customership We take care of order-delivery process We are responsible for the quality of wafers Shipments sent directly to the customer All quality and environmental certificates 12 / Okmetic Communications / February 2016

13 Quality and environmental issues are under special attention Okmetic has all relevant quality and environmental certificates (ISO 9001, TS 16949, ISO 14001) Okmetic complies with industry s tight regulation (REACH, RoHS directive and the GADSL) Quality and environment certification is required also from our subcontractors (ISO 9001, ISO 14001) Improvements are driven by Six Sigma and Lean manufacturing tools ISO 9001:2008 TS 16949:2009 ISO 14001: / Okmetic Communications / February 2016

14 Competent and motivated personnel Okmetic invests in personnel s training, development and well-being at work Okmetic aims at creating a dynamic, open and innovative work environment for its personnel All personnel groups are within the scope of incentive schemes Personnel s competence is strong and internationally competitive Production personnel have studied the basis of chemical technology 14 / Okmetic Communications / February 2016

15 Okmetic s mission Okmetic s silicon wafers are part of a further processing chain producing end products that improve human interaction and quality of life. We produce solutions that enhance our customers competitiveness and profitability. The applications in which our silicon wafers are used include wellness, transportation, safety, communications and environmental technologies. 15 / Okmetic Communications / February 2016

16 Okmetic s values Customer orientation Continuous improvement Profitability Know-how Co-operation We are the best partner for customers. 16 / Okmetic Communications / February 2016

17 Sensor wafers account for 65% of deliveries, North America biggest in sales Value of deliveries per market area Value of deliveries per customer area 21 % 45 % 33 % 35 % 65 % 1,000 euro North America 38,366 27,799 Europe 28,275 29,554 Asia Total 17,817 84,458 15,767 73,120 1,000 euro Sensor wafers 54,857 46,119 Semic. wafers Total 29,601 84,458 27,001 73,120 As of 1 January 2016 Okmetic s customer segments are Sensor wafers and Discrete&Analog wafers (D&A wafers). 17 / Okmetic Communications / February 2016

18 Key figures 1,000 euro Net sales 84,540 74,104 68,516 Operating profit before depreciation (EBITDA) 15,115 12,985 10,905 Operating profit without non-recurring restructuring costs 10,972 6,401 5,031 % of net sales Operating profit 7,718 6,401 5,031 % of net sales Profit for the period 4,832 4,832 3,842 Basic earnings per share, euro Net cash flow from operating activities 14,716 12,478 9,726 Net interest-bearing liabilities 2,283-1,110 6,530 Equity ratio, % Average number of personnel during the period / Okmetic Communications / February 2016

19 Capital structure and return on investment Equity ratio, % Net gearing ratio, % ROI, % ROE, % CAPEX, 1,000 euro 10,834 3,627 7,648 % of net sales Earnings per share, euro Equity per share, euro / Okmetic Communications / February 2016

20 Major shareholders on 31 December 2015 Shares, pcs Share, % Ilmarinen Mutual Pension Insurance Company 1,004, Oy Ingman Finance Ab 900, Mandatum Life Insurance Company Ltd. 800, The State Pension Fund 600, Nordea Nordic Small Cap Fund 565, Varma Mutual Pension Insurance Company 477, Okmetic Oyj 406, Oy Etra Invest Ab 400, Taaleritehdas Mikro Markka Fund 229, Kaleva Mutual Insurance Company 212, largest shareholders total 5,596, Nominee registered 3,232, Other shares 8,459, Total 17,287, / Okmetic Communications / February 2016

21 Board of directors Jan Lång, chairman M.Sc. (Econ.) Vice chairman of the board 2014-, chairman of the board Henri Österlund, vice chairman M.Sc. (Econ.) Accendo Capital fund, founding partner Member of the board 2008-, chairman of the board , vice chairman of the board Hannu Martola M.Sc. (Tech.), emba President and CEO of Detection Technology Oyj Member of the board Riitta Mynttinen Chemical Engineer (B.Sc.), emba Member of the board Mikko Puolakka M.Sc. (Econ.) Member of the board / Okmetic Communications / February 2016

22 Executive management group Nearly 100 years of experience with silicon wafers Kai Seikku, President With Okmetic since 2010 Atte Haapalinna, Senior Vice President With Okmetic since 1998 Responsible for product portfolio and product development Jaakko Montonen, Senior Vice President With Okmetic since 1994 Responsible for supply chain, contract manufacturing and sourcing Juha Jaatinen, Senior Vice President With Okmetic since 2010 Responsible for finance and accounting, IT and communications Markus Virtanen, Senior Vice President With Okmetic since 1999 Responsible for human resources, quality and environment Anna-Riikka Vuorikari-Antikainen, Senior Vice President With Okmetic since 1992 Responsible for customers and markets 22 / Okmetic Communications / February 2016

23 Top ten in silicon wafers 1. Shin-Etsu Handotai Japan 2. Sumco Japan 3. Siltronic Germany 4. SunEdison (former MEMC Electronic Materials) United States 5. LG Siltron South Korea 6. Sino-American Silicon Products Taiwan 7. Wafer Works Taiwan 8. OKMETIC Finland 9. Episil Taiwan 10. Topsil Denmark Source: Gartner 23 / Okmetic Communications / February 2016

24 Okmetic today and tomorrow Market and technology leader in the sensor wafer market Global sales network and customer support Co-operates with leading research institutions Develops its operational processes Offers attractive jobs Boosts shareholder value Leading sensor manufacturers in USA, Europe and Asia are Okmetic s satisfied customers. 24 / Okmetic Communications / February 2016

25 Contact us Okmetic Oyj P.O.Box 44, FI Vantaa, Finland Piitie 2, FI Vantaa, Finland Telephone Fax Okmetic Inc. 301 Ridgemont Drive, Allen, TX 75002, USA Telephone Fax Okmetic K.K. Sunrise Mita 8F , Shiba Minato-ku, Tokyo Japan Telephone Fax Okmetic Ltd. Level 3 A, Causeway Corner 18 Percival Street, Causeway Bay, Hong Kong Telephone Fax / Okmetic Communications / February 2016