VAT : Presentation on Q3 2016 Trading Update

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PASSION. PRECISION. PURITY.

Q3 2016 Trading Update

Heinz Kundert, CEO and Andreas Leutenegger, CFO

October 31, 2016

PASSION. PRECISION. PURITY.

Q3 2016 highlights

High demand for equipment

Q 3 2016 TRADING UPDATE

• High customer demand for equipment purchases geared at new technologies in semiconductor and display production

• Technology advances in OLED fuels display growth; 3D NAND in semiconductor

• Overall market sentiment improved over the course of the year

  Improved results

• Group order intake up 40% to CHF 137 million

• Q3 2016 net sales increase by 17% to CHF 130 million

  Outlook 2016

• Net sales growth expectations for full year 2016 increased to 15-18% from 12-15%

• Adjusted EBITDA margin expected around 31% due to high output and investments in future growth

• Dividend guidance confirmed at CHF 80 million for the financial year 2016

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PASSION. PRECISION. PURITY.

Accelerated order intake in Q3

in CHF million

331.2

+19%

393.8

Q 3 2016 TRADING UPDATE

+40%

98.1

137.0

July - September 2015

July - September 2016

Order intake

January - September 2015

Order intake

January - September 2016

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PASSION. PRECISION. PURITY.

Valves - 77% of Group Net Sales

Q 3 2016 TRADING UPDATE

in CHF million

• Record order intake in Q3 2016

• Investments in OLED production remains dominant growth driver in displays

• High demand for new technology in the semiconductor industry

• First high volume order for new Pendulum Pressure Control Valve

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