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Q2 PRESIDENT AND CEO HANNU MARTOLA 20 JULY 2018 2018 JANUARY-JUNE
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Q2 PRESIDENT AND CEO HANNU MARTOLA 20 JULY 2018
2018 JANUARY-JUNE
2
Q2
2018 5.2
EBIT, M€ (4.1)
19.5net sales growth-% (16.8)
21.4EBIT-% (20.3)
24.4 net sales, M€ (20.4)
20/7/2018 DETECTION TECHNOLOGY PLC HALF-YEARLY REPORT JANUARY-JUNE 2018
Q2
2018
3
SBU-sales growth driven by all application areas and geographically evenly
Asia’s share peaked mainly due to the MBU sales trend
MBU-sales boosted by demand from key customers and emerging markets
Double-digit sales growth rate in the both business units
Financial performance was strongdespite increased R&D costs
20/7/2018 DETECTION TECHNOLOGY PLC HALF-YEARLY REPORT JANUARY-JUNE 2018
4
H1
2018 9.0
EBIT, M€ (7.8)
11.3net sales growth-% (19.5)
20.5EBIT-% (19.9)
43.7 net sales, M€ (39.2)
20/7/2018 DETECTION TECHNOLOGY PLC HALF-YEARLY REPORT JANUARY-JUNE 2018
NET SALES BY QUARTER
5
(EUR 1,000)
20/7/2018 DETECTION TECHNOLOGY PLC HALF-YEARLY REPORT JANUARY-JUNE 2018
0
5,000
10,000
15,000
20,000
25,000
30,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2015 2016 2017 2018
+19.5%(YOY)
OPERATING PROFIT
6
(EUR 1,000)
20/7/2018 DETECTION TECHNOLOGY PLC HALF-YEARLY REPORT JANUARY-JUNE 2018
8.3%
6.0%
8.6%
16.0%14.9%
18.3%
21.4%22.3%
19.6% 20.3%
22.9%
25.4%
19.4%
21.4%
0%
5%
10%
15%
20%
25%
30%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000Q
115
Q21
5
Q31
5
Q41
5
Q11
6
Q21
6
Q31
6
Q41
6
Q11
7
Q21
7
Q31
7
Q41
7
Q11
8
Q21
8
EBIT excluding NRI (EUR 1,000) EBIT-% excluding NRI Mid-term EBIT-target ≥15%
MBUMEDICAL BUSINESS UNIT
OU
R BU
SIN
ESSE
SQ
2 20
18
7
SBUSECURITY AND INDUSTRIAL BUSINESS UNIT
15.2 NET SALES M€
16.4 YOY CHANGE-%
NET SALES M€ 9.1YOY CHANGE-% 25.0
NET SALES
24.4M€
20/7/2018 DETECTION TECHNOLOGY PLC HALF-YEARLY REPORT JANUARY-JUNE 2018
62.5%
37.5%
MBUMEDICAL BUSINESS UNIT
OU
R BU
SIN
ESSE
SH
1 20
18
8
SBUSECURITY AND INDUSTRIAL BUSINESS UNIT
27.0 NET SALES M€
7.3 YOY CHANGE-%
NET SALES M€ 16.7YOY CHANGE-% 18.4
NET SALES
43.7M€
20/7/2018 DETECTION TECHNOLOGY PLC HALF-YEARLY REPORT JANUARY-JUNE 2018
61.8%
38.2%
60.0%19.0%
21.0%
67.2%
12.9%
19.9%
SALES SPLIT BY REGIONS
9
+73.5%-48.7%+0.3%
CHANGE-% YOY
Q2 2018
24.4M€
+29.4%-21.4%+8.8%
CHANGE-% YOY
H1 2018
43.7M€
ASIA AMERICAS EUROPE
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(EUR 1,000) Q2 2018 Q2 2017 H1 2018 H1 2017 FY 2017Net sales 24,350 20,375 43,669 39,239 89,003Change in net sales, % 19.5% 16.8% 11.3% 19.5% 17.9%Operating profit 5,213 4,131 8,954 7,821 19,892Operating margin, % 21.4% 20.3% 20.5% 19.9% 22.3%R&D costs 2,414 1,856 4,362 3,385 7,157R&D costs, % of net sales 9.9% 9.1% 10.0% 8.6% 8.0%Cash flow from operating activities -599 4,376 4,606 5,491 18,625Capital expenditure 1,261 821 2,221 1,145 1,833Return on investment (ROI), % 49.9% 43.7% 47.0%Earnings per share, EUR 0.31 0.25 0.52 0.44 1.09
KEY
FIG
URE
S
20/7/2018 DETECTION TECHNOLOGY PLC HALF-YEARLY REPORT JANUARY-JUNE 2018
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• Made an opening to the CMOS X-ray detector market with X-Panel product family, total addressable market over EUR 100 million
• Continued product development projects and new customer acquisitions as planned
• Focused on implementing ERP and finalizing PDM system
STRA
TEG
Y
MEDICAL MARKET ANNUAL GROWTH RATE
5%SECURITY MARKET
ANNUAL GROWTH RATE
7%INDUSTRIAL MARKET
ANNUAL GROWTH RATE
5%
BUSINESS OUTLOOK
12
ASIA-PACIFIC IS THE FASTEST GROWING MARKET
• Expects H2 sales to grow in both business units as production ramp down of a key customer’s system using a DT detector will last longer than previously estimated
• Sees uncertainty in demand, and that intensified competition might be reflected in product prices• Doesn’t believe protectionist trade policies to have a significant impact on the company's
business in H2, but considers it as a risk for sales growth over a longer term.
20/7/2018 DETECTION TECHNOLOGY PLC HALF-YEARLY REPORT JANUARY-JUNE 2018
FINANCIAL TARGETS UNCHANGED
13
MEDIUM TERM TARGET
Annual sales growth
>15%
MEDIUM TERM TARGET
Operating margin
≥15%
ANNUAL
Dividend or returned capital
30-60%
20/7/2018 DETECTION TECHNOLOGY PLC HALF-YEARLY REPORT JANUARY-JUNE 2018
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