Post on 17-Apr-2020
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
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* 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
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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
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E.g. automotive,
consumer
electronics, IoT,
healthcare,
process industry
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Okmetic targets the niche markets of the
semiconductor industry with high-performance wafers
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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
/ Okmetic Communications / April 2016
Automotive Consumer
electronics
Medical
instrumentation Process control
Okmetic’s silicon wafers are used for the manufacture
of sensors, discrete semiconductors and analog
circuits.
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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
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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
/ Okmetic Communications / April 2016
Complete set of 100-200 mm wafers for sensor, discrete
semiconductor and analog circuits markets
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Okmetic worldwide
/ Okmetic Communications / April 2016
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.
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Okmetic’s supply chain
/ Okmetic Communications / April 2016
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
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Okmetic’s strengths
Okmetic is the market leader in silicon-based solutions in its chosen market segments
as well as a technological pioneer.
/ Okmetic Communications / April 2016
Crystal growing High-performance wafer manufacturing
Agile supply chain
Customer relations
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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
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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
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ISO 9001:2008 TS 16949:2009 ISO 14001:2004
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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 Communications / April 2016 14
Okmetic’s mission
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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.
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Okmetic’s values
• Customer orientation
• Continuous improvement
• Profitability
• Know-how
• Co-operation
/ Okmetic Communications / April 2016
We are the best partner for customers.
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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
/ Okmetic Communications / April 2016
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
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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
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Major shareholders on 31 March 2016
/ Okmetic Communications / April 2016 20
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
• Member of the board 2015-
Mikko Puolakka
• M.Sc. (Econ.)
• Member of the board 2012-
/ Okmetic Communications / April 2016 21
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
Anna-Riikka Vuorikari-Antikainen, Senior Vice President
• With Okmetic since 1992
• Responsible for customers and markets
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
/ Okmetic Communications / April 2016 22
Top ten in silicon wafers
/ Okmetic Communications / April 2016
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
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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 Communications / April 2016 24
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 sales@okmetic.com
communications@okmetic.com
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