CONFERENCE CALL

LPKF LASER & ELECTRONICS AG | 28 APRIL 2022 KLAUS FIEDLER - CEO / CHRISTIAN WITT - CFO

Economic Status and

Outlook

  • Strong Q1/2022 revenue

  • Good order intake; orders on hand significantly higher YoY

  • Demand for solutions & pipeline good with regional / application variations

  • Market environment remains uncertain in the context of the Ukraine conflict

  • Inflation: Cost & Price increases

Demand for products & technological development

  • First orders of Tensor Systems

  • Orders for two LIDE machines for TGV display applications

  • Battery package welding orders

  • New solar customer from Asia

  • ARRALYZE presentation at SLAS Boston, first scientific publication

Global Supply Chain

  • Ukraine war: no direct impact yet, increasing uncertainty regarding logistics in Europe

  • Shortage in Electronics Components impacts customers and partially LPKF

  • China's zero-COVID policy repeatedly causes closures of critical infrastructure

Covid-19 Update

  • Relaxation in restrictions in the USA & the Western world

  • Zero-covid strategy in China causes uncertainty

  • Potential further mutations in fall/winter 22/23

2

BASED ON 3 MONTHS REPORT 2022

FINANCIALS

in Mio. EUR

3 Months | 2022

3 Months | 2021

∆%

SALES, PROFIT, AND OUTLOOK

Revenue 25.8 16.3 58.3

EBIT 1.0 -4.1 124.4

EBIT margin (%)

4.0 -25.5

Incoming orders 24.0 21.5 11.6

Earnings per Share (EUR) 0.03 -0.12 125.0

Free Cashflow -9.1 -2.1 -339.1

  • Growth in all BUs, revenue shift from Q4/21, good Order Intake for Q1

  • Improved EBIT due to higher volume and better gross margins (general & product mix), covering higher fixed cost for LIDE/ARRALYZE

    Orders on hand

    Employees (total number)

    As of 03/31/2022

    60.8

    746

    As of 03/31/2021

    43.5 39.8

    700 6.6

  • Order book for current year + Sales Q1 > 80m EUR vs. >40m EUR in Q1 2021

  • Positive outlook 2022 and beyond

  • Uncertainty from Macroeconomic factors

4

Revenue

0

in EUR million

Electronics

0

3 Months

3 Months

2022 2021

EBIT

∆%

3 Months

3 Months

2022 2021

∆%

7.6 6.6 15.2 0.3 -1.0 130.0

Development

7.2 5.3 35.8 1.5 0.6 150.0

Welding

4.3 3.2 34.4 -1.2 -1.7 29.4

Solar

6.7 1.2 458.3 0.4 -2.0 120.0

Gesamt

25.8 16.3 58.3 1.0 -4.1 124.4

ELECTRONICS

LIDE orders delivered but weaker Depaneling sales due to semiconductor shortage impact on customer side

DEVELOPMENT

Shift of nearly 2m EUR from Q4/21, good pipeline, successful presentation ARRALYZE; additional personnel/cost for ARRALYZE

WELDING

Higher sales than PY, strong order pipeline with broadened customer and application base

SOLAR

Shift of revenue of EUR 6m from Q4/21 due to outbound logistics. Orderbook for 2022 complete, first orders for 2023 received.

5

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LPKF - Laser & Electronics AG published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 12:42:11 UTC.