STAR Conference –London2014 October 2, 2014 · Dispensable Getters - Filler Dispensable Getters -...

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making innovation happen , together SAES Group STAR Conference – London 2014 October 2, 2014

Transcript of STAR Conference –London2014 October 2, 2014 · Dispensable Getters - Filler Dispensable Getters -...

m a k i n g i n n o v a t i o n h a p p e n , t o g e t h e r

SAES GroupSTAR Conference – London 2014

October 2, 2014

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SAES Business Model

Technological Portfolio

Group Organization

H1 2014 Financial Results

The SAES Group

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SAES Value & Business Model

DDDDD

APPLICATION

CCCCC

AAAAAA

APPLICATION

APPLICATION

APPLICATION

APPLICATION

APPLICATION APPLICATION

APPLICATIONS

BBBBBB

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Core Business and Vision

Starting in 2004 the SAES® Group has expanded its technological portfolio into knowledge-intensive materials, the NiTiNOL, whose super elastic properties are applied to medical devices whileshape memory properties are applied in industrial and consumer electronics applications.

Pioneering the development of getter

technology, the SAES® Group is the

world leader in a variety of scientific

and industrial applications where

high/ultra-high vacuum conditions or

pure metal vapors or ultra-pure gases

are required

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Consolidation of existing technology

Scouting of new Applications

Development of new technologies

About 10% of net sales allocated to R&I every year

State-of-the-art corporate laboratories covering a surface of over 3,300 sq. m.

100 highly skilled people engaged in R&I activities (50% graduated -> 20% PhD)

Cooperation with Universities and R&D centers

Growth Strategy

Inorganic growth, acquiring Companies or Technologies

complementary to our technological portfolio:

SMA Industrial development launched in 2004:

Acquisition of Memory Metalle GmbH

Acquisition of SAES Smart Materials, Inc.

Acquisition of Memry Corporation

Acquisition of Nano Zeolite Technology

Acquisition of P&E hydrogen purification technology

Organic Growth based on Research & Innovation:

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SAES Business Model

Technological Portfolio

Group Organization

H1 2014 Financial Results

The SAES Group

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METAL DISPENSING

TECHNOLOGY

SEMICON

GETTER TECHNOLOGY

GAS PURIFICATION

TECHNOLOGY

LIGHTS

EL.DEV.

DISPLAYS

VAC. SYS.

SAES in 2007

ELECTRONIC CONSUMER MKT

INDUSTRIAL LIGHTING MKT

SCIENTIFIC RESEARCH MKT

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Organic Chemistry

Hybrid Polymer Technology

Ultra-High Porosity Sintering

Impregnated Sintered Metals

Nano Powder Technology

Shape Memory Alloys Science & Technology

Vacuum Metallurgy for NiTi

Chemical and Physical Analysis

Materials Science

Vacuum Metallurgy for Getters

Fine Powders Metallurgy

Thin Film Deposition

Metals Dispensing

Ultra-High Vacuum Science & Technology

UHP Gas Handling

Expansion of Core Competencies

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SAES in 2014

METAL DISPENSING

Technology

SEMICON

GETTER

Technology

UHP GAS

Technology

LIGHT SOURCES

DISPLAYS

ELECTRONICDEVICES

ENERGY DEVICES

VACUUM SYSTEMS

WHITE GOODS

MEDICAL DEVICES

SMA

Technology

AUTOMOTIVE COMPONENTSSMARTPHONE

COMPONENTS

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Main markets

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Consumer Electronics

Scientific

& Research

Systems

Lighting

Automotive

Telecommunications

Medical Devices

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Final applications with high growth potential

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for

particle accelerators and diagnostic equipment

Vacuum systems

for

automotive and miniaturized cameras for mobile phones

SMA actuators

NANO getters and sealant for

OLED and packaging

Innovative SMA devicesfor

medical applications

Safety devicesfor

Lithium batteries

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SAES Business Model

Technological Portfolio

Group Organization

H1 2014 Financial Results

The SAES Group

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Pure Gas Handling

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Industrial

Applications BU

Electronic &

Photonic Devices

Sensors &

DetectorsThermal Insulation

Vacuum Systems

Business Organization

Business

Development

Shape Memory

Alloys BU

Light Sources

SMA Medical

Devices

SMA Industrial

Applications

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Business Organization

The SAES Group serves

customers through global

Business Units (BU).

Each Business Unit addresses

different markets and

applications, aiming at the best

customer satisfaction through

the support of a world-wide

based technical sales and

service network.

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Getters and dispenser cathodes for vacuum tubes for medical

imaging, energy, telecom and avionic applications

Alkali Metal Dispensers for medical, defense and industrial imaging

Thermal management engineered parts for industrial, defense and

telecom applications

Alkali Metal DispensersAlkali Metal Dispensers Dispenser CathodeDispenser Cathode

ELECTRONIC & PHOTONICS DEVICES

Sintered Porous GettersSintered Porous GettersControlled expansion

composites

Controlled expansion

composites

SAES Group offers sophisticated solutions to a variety of devices:

Business Organization

Main applications:

� X-Ray Tubes & Systems

� Image Intensifiers

� Vacuum Switches and Interrupters

� Travelling Wave Tubes

� Pressure Transducers

� Microwave Power Tubes

� Gas Lasers

� High Power Semiconductor Lasers

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LIGHT SOURCES

Non-evaporable getters for Discharge Lamps

Advanced low dose Mercury dispensers for Linear, Circular and

Compact Fluorescent Lamps

Thermal management engineered parts for HB LEDs

Non Evaporable GettersNon Evaporable GettersHg Dispensers

Total Quality Shield TQS ®

Hg Dispensers

Total Quality Shield TQS ®

LIGHT SOURCES

SAES Group serves the Light Sources Industry with:

Barium GettersBarium Getters

Major applications:� Street Lighting

� Industrial and Domestic Lighting

� Commercial Lighting

� Special Lighting

Business Organization

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Mobile-phone and Aerospace inertial sensors

Seismic Sensors for oil exploration

Thermographic cameras for consumer and industrial applications

Thick film getters for Micro Electro Mechanical Systems (MEMS) resonant

systems

SENSORS & DETECTORS

To all the sensors and detectors under vacuum SAES Group offers

sophisticated solutions :

Thin getter film on metallic lids for IR and resonant MEMS systems

Silicon Wafers with patterned getter films for MEMS devices for consumer

electronics

Dispensable driers for optical and resonant MEMS devices

Micro Alkali Metal Dispensers for MEMS atomic clocks

PageWafer®PageWafer® PageLid®PageLid®

Main applications:

� MEMS Inertial Sensors

� Thermal Imaging Systems

� MEMS Pressure Sensors

� RF Switches

� MEMS Atomic clock

� MOEMS and Optical Switches

Business Organization

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� Particle Accelerators and High Energy Labs

� Analytical Instrumentation

� Processing Tools for semiconductor

manufacturing

� Vacuum Systems

Expertise in gas-surface interaction, vacuum technology, materials’outgassing and permeation has led SAES Group to the development andproduction of non-evaporable getter pumps and getter coating of vacuumchambers for particle accelerators

Getter Pumps FamilyGetter Pumps Family

VACUUM SYSTEMS

Getter CoatingGetter Coating

Business Organization

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SAES provides getter solutions for vacuum thermally insulated

devices like:

� Vacuum Bottles and Dewars

� Vacuum Insulated Pipes for Oil Extraction

� Vacuum Insulated Panels for refrigerators

THERMAL INSULATION

PillsPillsComboCombo

� Solar Collectors

� Cryogenic Applications

� Vacuum Insulated Glasses

Smart ComboSmart Combo

Business Organization

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Leveraging the unique competence of gas impurities sorption and gas

purification equipment design, SAES Group is the world leader in gas

purification technologies.

Point of UsePoint of Use MegaTorrMegaTorr

PURE GAS HANDLING

Customer ServiceCustomer Service

PURE GAS HANDLING

SAES has the largest offer of equipment

solutions to purify all gasses for the

manufacturing of silicon based semiconductor

devices, LEDs, Fiber optics, Display Industry

(LCDs, OLEDs) and photovoltaic devices.

Business Organization

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Shape Memory Alloys, or SMAs, belong to an extensive range of metal alloys

showing unique super-elasticity, shape memory properties and extremely high

bio-compatibility characteristics.

SAES Group develops and sells a large variety of NiTi based products for

Medical Devices:

� Semi-finished products (wires, tubes, sheets, coils)

� Parts for stents

� Parts for spinal clips

� Parts for cardiac valves

� Parts for guidewires

Cardiac ValvesCardiac Valves Guidewires & CathetersGuidewires & Catheters Stent GraphsStent GraphsEndodontic FilesEndodontic Files

SMA MEDICAL DEVICES

Business Organization

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SAES has been the first Company able to value and

exploit the full potential of the Shape Memory Alloys

(SMA) properties of NiTiNol by providing all types of

SMA NiTiNol parts and devices for:

� Consumer electronics

� Automotive

� Domotic

� White Goods

SAES Group through the Joint Venture Actuator Solutions GmbH, in

Germany, also develops and produces a wide range of shape memory alloys

actuators used in consumer electronics, automotive and industrial

applications:

SMA productsSMA products

Camera modules actuatorCamera modules actuatorValve actuatorValve actuator

SMA INDUSTRIAL APPLICATIONS

Business Organization

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BD - HYBRID GETTERS

Dispensable Getters -

Glue

Dispensable Getters -

Glue

Dispensable Getters -

Filler

Dispensable Getters -

Filler

Dispensable Getters -

Paste

Dispensable Getters -

Paste

Hot Melt

Getters

Hot Melt

Getters

� EPD Displays� Gas Barrier Films� Specialized Food Packaging� Special Applications

The combination of SAES core-competence in gettering and its more recentknow-how in polymer chemistry and organic-inorganic compounds created apowerful technology which is expanding from its traditional target of OrganicElectronics to more and more applications in:

� OLED Displays� OLED Lighting� OLET Displays� LCOS Displays

SAES Group developed a technological platform to address the growing needsof integration of gas-management solutions into the state-of-the-artproduction process in the above and many other fields with:

Dispensable, printable and optically transparent dryers and getters

Active edge adhesives

Alkali Metal Dispensers

Business Organization

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� Aluminum Capacitors

� Super-capacitors

� Lithium Batteries

SAES starts serving the Energy Storage Industry with gas

management systems for:

Hydrogen GettersHydrogen Getters

BD - ENERGY STORAGE

Business Organization

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Global Presence

SAES Group has a worldwide presence thanks to its subsidiaries located in Europe, USA and Asia

The company is headquartered in Lainate, Italy

The Group has 10 manufacturing facilities, six in the USA, two in Italy and two in Germany

In Asia the Group can count on subsidiaries located in Japan, China, South Korea and Taiwan

The worldwide presence of the Group is also ensured by a number of authorized distributors

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A Customer-focused Approach

Nearly 2,000 active

customers in 5 continents,

spanning from blue chip

companies to business start-

ups, Universities and R&D

centers

70 years of expertise in

partnering with customers

for the engineering of fully

customized solutions

High flexibility in product

development, fine-tuning

and manufacturing, to foster

emerging and forefront

application technologies

Technical service network

and CRM structure

supporting customers’

innovation 24 hours a day

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Quality, Environment, Safety & Ethics

A Global

Quality

Approach

Total Quality Management is our key approach for

innovative, safe and

environmentally friendly

products development

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SAES Business Model

Technological Portfolio

Group Organization

H1 2014 Financial Results

The SAES Group

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0

20

40

60

80

100

120

140

160

180

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 H1 2014

141.6 138.6

166.7 167.2156.7

127.4140.6

148.6141.2

128.5

63.6

M€

SAES Group Consolidated Sales

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Sales by

Geographic

Area –

H1 2014

Sales by

Geographic

Area –

H1 2014

SAES Group Consolidated Sales

Italy

1.7%European

countries

20.3%

North America

43.6%

Japan

4.2%

China

12.5%

South Korea

4.9%

Other Asian

countries

11.9%

Other

0.9%

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Sales by

Businesses –

H1 2014

Sales by

Businesses –

H1 2014

SAES Group Consolidated Sales

Electronic &

Photonic

Devices

9.1%

Sensors &

Detectors

7.3%

Light

Sources

9.8%

Develop.

0.9%

Pure Gas

Handling

31.5%

SMA Medical

29.0%

SMA Industrial

2.6%

Vacuum

System

4.3%

Thermal

Insulation

5.5%

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Consolidated Operating Income (% on net sales)

-20

-10

0

10

20

30

40

50

60

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 H12014

29.732.8

54.549.3

30.8

-11.8

10.9 12.9 12.7

5.5 5.2

M€

7.8%

19.7%

8.7% 9.0%

20.9%

23.6%

32.7%

29.5%

-9.3%

4.3% 8.2%

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Research & Development Expenses (% on net sales)

0

5

10

15

20

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 H12014

13.614.6

15.5

17.817.7

15.6

13.9 13.914.5

14.9

7.3

M€

9.9%

11.3%

9.3%10.2%

9.6%

10.6%9.3%

10.6%

12.3%11.6%

11.5%

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Consolidated Net Income (% on net sales)

-30

-20

-10

0

10

20

30

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 H12014

16.1

21.0

31.4

34.9

19.4

-26.3 3.1

15.6

3.3-0.6 1.3

M€

2.2%

12.4%

10.5%

2.4%

11.4%

15.2%

18.8%

20.9%

-20.6%

-0.4% 2.1%

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Net Financial Position

82.1 85.9

91.3

69.1

-20.3 -20.4 -22.6-15.5

-16.3

-36.5-39.9-40

-30-20-10

0102030405060708090

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 H1 2014

M€

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SAES Getters S.p.A. Capital Structure

Ordinary Shares Savings Shares

# 14,671,350 # 7,378,619

SavingsShares

33%

OrdinaryShares

67%

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SAES Getters S.p.A. Ordinary Shareholders

Market38.22%Berger Trust

S.p.A.2.73%

Carisma S.p.A.5.80%

S.G.G.Holding S.p.A.

53.25%

Number ofordinary shares

S.G.G.Holding S.p.A.

Carisma S.p.A.Berger Trust

S.p.A.Market Total

7,812,910 851,400 400,000 5,607,040 14,671,350

53.25% 5.80% 2.73% 38.22% 100%

w w w. s a e s g e t t e r s . c o m

Thanks for your attention