Okmetic Company Presentation · 2016-04-21 · Quality and environmental issues are under special...

Okmetic Company

Presentation

April 2016

Tailor-made silicon wafers for the manufacture of

sensors, discrete semiconductors and analog circuits

• Okmetic supplies tailor-made silicon wafers for sensor as well as discrete semiconductor and analog circuit industries.

• From 2016 onwards Okmetic’s customer segments are Sensor wafers and Discrete&Analog wafers (D&A wafers).

• Okmetic is the world’s leading supplier of sensor wafers and an esteemed technological partner.

Key figures 2015

Net sales 84.5 million euro

Operating profit* 13.0% of net sales

Personnel 394

/ Okmetic Communications / April 2016 2

* without non-recurring items

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


Okmetic is early in the electronics value chain

Polycrystalline supplier

Silicon wafer supplier

7 BUSD

(Foundry) Semiconductor producer

350 BUSD

(System supplier)

End product producer

1,49 Trillion USD

/ Okmetic Communications / April 2016

E.g. automotive,

consumer

electronics, IoT,

healthcare,

process industry

4

Okmetic targets the niche markets of the

semiconductor industry with high-performance wafers


Sensor industry • Market 6.4 billion USD

• Okmetic is the market leader

Discrete&Analog industry • Market 64 billion USD

• Okmetic is a valued and reliable supplier

Sensors, discrete semiconductors and analog

circuits can be found in many products around us


Automotive Consumer

electronics

Medical

instrumentation Process control

Okmetic’s silicon wafers are used for the manufacture

of sensors, discrete semiconductors and analog

circuits.

6

Examples of automotive sensors

Tank / Tire pressure On board diagnostics

Microphones / Displays Communication

Angular rate Navigation, Tilt, Chassis

Mass air flow sensor Air intake

Inertial sensors Airbag and stability control

Pressure sensor Vehicle dynamics, crash detection

Angular rate sensor Roll over


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 100-200 mm wafers for sensor, discrete

semiconductor and analog circuits markets

8

Okmetic worldwide


North America:

Sales, customer

support, sales

representatives

Finland:

HQ, a plant,

sales,

customer

support

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’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’s strengths

Okmetic is the market leader in silicon-based solutions in its chosen market segments

as well as a technological pioneer.


Crystal growing High-performance wafer manufacturing

Agile supply chain

Customer relations

11

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


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 14001:2004

13

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


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.

The applications in which our silicon wafers are used include wellness, transportation, safety, communications and environmental technologies.

We produce solutions that enhance our customers’ competitiveness and profitability.

15

Okmetic’s values

• Customer orientation

• Continuous improvement

• Profitability

• Know-how

• Co-operation


We are the best partner for customers.

16

Two equal customer segments,

North America biggest market area

17 / Okmetic Communications / April 2016

52% 48% 35%

42%

24%

1,000 euro Q1 2016 Q1 2015

North America 8,223 10,046

Europe 6,779 7,302

Asia

Total

4,626

19,628

4,263

21,612

Net sales per market area Net sales per customer segment

1,000 euro Q1 2016 Q1 2015

Sensor wafers 10,220 10,791

D&A wafers

Total

9,407

19,628

10,821

21,612

Key figures


1,000 euro Q1 2016 2015 2014

Net sales 19,628 84,540 74,104

Operating profit before depreciation (EBITDA) 8,421 15,115 12,985

Operating profit without non-recurring items 1,382 10,972 6,401

% of net sales 7.0 13.0 8.6

Operating profit 6,720 7,718 6,401

% of net sales 34.2 9.1 8.6

Profit for the period 6,512 4,832 4,832

Basic earnings per share, euro 0.39 0.29 0.29

Net cash flow from operating activities 4,421 14,716 12,478

Net interest-bearing liabilities 4,077 2,283 -1,110

Equity ratio, % 69.5 64.0 70.5

Average number of personnel during the period 387 394 370

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Capital structure and return on investment


Q1 2016 2015 2014

Equity ratio, % 69.5 64.0 70.5

Net gearing ratio, % 6.4 4.0 -1.7

ROI, % 15.7 10.4 8.7

ROE, % 16.5 14.7 8.0

CAPEX, 1,000 euro 2,595 10,834 3,627

% of net sales 13.2 12.8 4.9

Earnings per share, euro 0.39 0.29 0.29

Equity per share, euro 3.78 3.41 3.77

19

Major shareholders on 31 March 2016


Shares,

pcs

Share,

%

Ilmarinen Mutual Pension Insurance

Company

1,004,985

5.81

Oy Ingman Finance Ab 900,000 5.21

Mandatum Life Insurance

Company Ltd. 800,000 4.63

The State Pension Fund 600,000 3.47

Nordea Nordic Small Cap Fund 566,207 3.28

Varma Mutual Pension Insurance

Company

477,175

2.76

Okmetic Oyj 406,129 2.35

Oy Etra Invest Ab 400,000 2.31

Taaleritehdas Mikro Markka Fund 229,456 1.33

Kaleva Mutual Insurance Company 212,700 1.23

10 largest owners total 5,596,652 32.37

Nominee registered 3,216,648 18.61

Other 8,474,200 49.02

Total 17,287,500 100.00

Board of directors

Jan Lång, chairman

• M.Sc. (Econ.)

• Vice chairman of the board 2014-, chairman of the board 2015-

Henri Österlund, vice chairman

• M.Sc. (Econ.)

• Accendo Capital fund, founding partner

• Member of the board 2008-, chairman of the board 2009-2014, vice chairman of the board 2015-

Hannu Martola

• M.Sc. (Tech.), eMBA

• President and CEO of Detection Technology Oyj

• Member of the board 2009-

Riitta Mynttinen

• Chemical Engineer (B.Sc.), eMBA


Mikko Puolakka

• M.Sc. (Econ.)



Executive management group Nearly 100 years of experience with silicon wafers

Kai Seikku, President

• With Okmetic since 2010

Atte Haapalinna, Senior Vice President


• Responsible for product portfolio and product development

Jaakko Montonen, Senior Vice President


• Responsible for supply chain, contract manufacturing and sourcing

Anna-Riikka Vuorikari-Antikainen, Senior Vice President


• Responsible for customers and markets

Juha Jaatinen, Senior Vice President


• Responsible for finance and accounting, IT and communications

Markus Virtanen, Senior Vice President


• Responsible for human resources, quality and environment


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 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.


Okmetic Oyj

P.O.Box 44, FI-01301 Vantaa, Finland

Piitie 2, FI-01510 Vantaa, Finland

Telephone +358 9 502 800

Fax +358 9 5028 0500

Okmetic Inc.

301 Ridgemont Drive,

Allen, TX 75002, USA

Telephone +1 972 747 8600

Fax +1 972 747 8611

Okmetic K.K.

Sunrise Mita 8F 3-16-12,

Shiba Minato-ku, Tokyo

105-0014 Japan

Telephone +81 3 3798 1400

Fax +81 3 3798 1402

Okmetic Ltd.

Level 3 A, Causeway Corner

18 Percival Street, Causeway Bay, Hong Kong

Telephone +852 3656 7858

Fax +358 9 5028 0200

Contact us

www.okmetic.com [email protected]

[email protected]


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