Slides
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Earnings Release Analyst/Media Conference Q3 2026October 27, 2026
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Agenda & Speakers Oliver Wyrsch, CEO•Key Messages & Figures of the Quarter•Target Market Business Review•Full Year ExpectationsDimitrij Lisak, CFO•Quarterly Financials •Guidance•Corporate Calendar
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Record third quarter results for both Sales and Orders with Book-to-Bill ratio well above 1. Strong profitability increase reflecting completed efficiency measures and positive volume impact 3 Q3 2026 ResultsSales•Record Q3 sales of USD 233 million, up 42% year-on-year and 18% versus Q2 2026, with strong growth across all regions and all target markets, successfully ramping capacity across our operations•Order intake remained strong, exceeding the record level of Q2 2026, with a book-to-bill ratio well above 1•Semiconductors surged 75% YoY and grew 26% compared with Q2 2026, with market demand at very high levels and the ramp in full swing•Advanced Industrial Markets: General Vacuum continued momentum growing 13% YoY and +9% QoQ. RAC/Auto sales grew 11% YoY and 2% QoQ. Security & Energy increased 29% year-on-year, improving 50% versus Q2 2026Operating Result•Gross margin of 50.1%, +3.5pp vs. previous quarter and +7.1pp vs. Q3 2025, more than offsetting increasing cost inflation impacts•Operating income up significantly to USD 59.5 million (+160% YoY); margin of 25.5% (Q3 2025: 14.0%; Q2 2026: 21.3%), partly supported by favorable one-off effects•Robust Operating Cash flow of 78 MUSD Organization•INFICON continues to expand its global operations rapidly. The global supply chain remains under pressure. The implemented measures have proven resilient through recent disruptions•Continued investment in leading-edge R&D while expanding production capacity across our operations, with full-year CAPEX expected to exceed 35 MUSD Sales Q3 2026(Q3 2025) Note: Semiconductors includes Vacuum coating
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Worldwide Markets & SalesStrong quarter and growth in all Regions year-on-year 4Totals presented may not sum due to rounding Asia Pacific28%Europe19%Americas21%Rest ofWorld1%+49.8 %~ 65 MUSDAsia Pacific:+71.7 %~ 73 MUSDChina:+ 10.8 %~ 43 MUSDEurope:+ 34.3 %~ 50 MUSDAmericas:+ 42.4 %(vs. Q3 2025)~ 233 MUSDTotal:(including ROW) China31%Worldwide sales share in Q3 2026 by Region Quarterly sales trend by Region Q3 2026 sales and growth by Region
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Semiconductors – Performance & OutlookLeading position with strong multi-year performance and broad-based acceleration in 2026 and beyond 5 Performance•Record Sales and strong growth of 75% compared to Q3 2025 and sequential growth of 26%. Orders increased significantly, with the steepest YoY increase ever•#1 position in process control, gas analysis, leak detection, smart manufacturing software, and thin film monitoringOutlook•Market expectations for 2026: Strong Growth•Industry ramp in full swing, driven by demand for leading-edge logic, high-bandwidth memory and data-center buildout•Investments in leading edge nodes and advanced chip design continuously increase sensor and process monitoring usage•Strong R&D pipeline at INFICON with new products, applications, and solutions e.g. APX, CDG, UL product lines. Strong long-term partnerships with top customers on leading edge R&D pushing the limits Sales Q3 ‘26 by Region Sales to Semiconductors+11.6% CAGR (2020 – 2025), (in MUSD)
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Advanced Industrial End Markets – Performance & OutlookAttractive diversified tech markets across advanced industries with strong momentum and synergies. Most of them profit from the latest tech trends such as data center buildout, energy, big science, space Note: CAGR = Compound Annual Growth Rate Sales to General Vacuum (in MUSD)Sales to Security & Energy (in MUSD) 6 Sales to Automotive, Refrigeration & Air Conditioning(in MUSD)CAGR (2020 – 2025): +11.5% Q3 YoY + 11 %2026: GrowthCAGR (2020 – 2025): +10.2% Q3 YoY + 13 %2026: GrowthCAGR (2020 – 2025): +10.1% Q3 YoY + 29 %2026: Slow •Sales +11% YoY , +2% QoQ on strong order intake across all Regions•#1 in RAC & Auto•2026 outlook: Growth driven by batteries for storage & EV, new refrigerants, service handheld expansion and new HVAC for data-centers. New leak detection system Arnova: Air and Argon•Sales +13% YoY , +9% QoQ on strong order intake across all Regions•#1 with the most complete vacuum instrumentation offering•2026 outlook: Growth across advanced industries amid macro headwinds; strong China, Asia-Pacific growth; smaller industries strong e.g. Big Science, Space & Robotics; Solar still soft, recovery expected after 2026•Sales +29% YoY , +50% QoQ •#1 position unchanged i.e. Security•2026 outlook: Near-term slow, but mid-term outlook strong, driven by US and other programs, and rising EU security budgets
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Expectations 2026INFICON raises full-year 2026 guidance. Sales and orders at very high levels across key markets. Semiconductor ramp in full swing•INFICON is confident regarding order intake and the market environment, with the semiconductor industry in a broad-based ramp•The supply-chain measures implemented have proven effective. However, as global supply chains remain under pressure, we continue to closely manage the risk of disruptions as well as rising logistics and material costs7 Guidance for 2026Sales 820-850 MUSD (previously 750-780 MUSD)Operating Income Margin 21-22% (previously 19-20%)
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Connect with us! www.inficon.com/news Recently at INFICONGreat moments that drive us forward…Thought Leadership: Smart Manufacturing Trends in Semi FabsNew Product Launches 8MSolo Returning to the Moon in 2030Company-wide AI Driving Smarter EfficiencyAnalyst Visit, Balzers RSH-800Rotary SensorEcotec® 4000 Multi-Gas Leak Detector New Application Center, Syracuse, NY LDS ArnovaAir & Argon Leak DetectorPhoto courtesy of NASA Secure Cooling Systems in Data CentersStrengthening Volcano Research Collaboration with INGV
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Agenda & Speakers Oliver Wyrsch, CEO•Key Messages & Figures of the Quarter•Target Market Business Review•Full Year ExpectationsDimitrij Lisak, CFO•Quarterly Financials •Guidance•Corporate Calendar
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Q3 2026 Highlights 10Unless otherwise noted, all comparisons vs. previous year Q3Totals presented may not sum due to rounding Book to Bill Sales Gross Margin %Operating IncomeEquity RatioOperating Cash FlowNet CashCAPEX >1
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SalesStrong YoY growth of 42.4% across all regions and all markets 11Note: All figures in MUSD Totals presented may not sum due to rounding Q3 2026 Sales and Growth by Region+49.8 %~ 65 MUSDAsia Pacific:+71.7 %~ 73 MUSDChina:+ 10.8 %~ 43 MUSDEurope:+ 34.3 %~ 50 MUSDAmericas:+ 42.4 %(vs. Q3 2025)~ 233 MUSDTotal:(including ROW)
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Gross Profit, Costs, and Operating Income Q3Strong gross margin and profit improvement, continued investment in future growth 12Totals presented may not sum due to rounding Gross profit43.0%50.1%Q3 2025 Q3 2026+7.1ppUp 66.0%, with margin up 7.1 pp year over year and 3.5 pp sequentially, on efficiency gains and higher volumes (including certain one-offs), amid rising cost inflationR&D cost(in MUSD)13.1M14.9MQ3 2025 Q3 2026+13.1%Up 13.1%, reflecting continued investment in innovation capabilities and future technologiesSG&A cost(in MUSD)34.4M42.5MQ3 2025 Q3 2026+23.5%Up 23.5%, driven by investments in ourorganization, systems and infrastructureOperating income(in MUSD)22.9M59.5MQ3 2025 Q3 2026+160.3%14.0% of NS 25.5% of NSIncreased by 160.3%, with margin up 11.6 pp year-over-year and 4.2 pp sequentially to 25.5%, including some favorable one-off effects
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Income Tax and Net Income Development 13Totals presented may not sum due to rounding Income tax increased to USD 13.7 million, slightly lower tax rate of 22.5% compared with 24.6% in Q3 last yearNet income increased by 173.5% YoY , with margin improving to 20.3% (10.6% in Q3 2025), mainly driven by higher operating incomeIncome Tax(in MUSD)Net Income (in MUSD)
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Balance Sheet HighlightsBalance sheet and financial position further strengthened 14Note: All figures in MUSD Totals presented may not sum due to rounding Balance Sheet Structure 2026Q4 25Q3 2681.2138.9Net Cash48.550.0DSO2.42.7Inventory Turns229.1251.6Working Capital26.177.6Operating Cash FlowOperating Cash Flow
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Full-Year 2026 GuidanceFull-year 2026 guidance raised, reflecting strong performance and continued strong order intake amid Semiconductor ramp. The risk of global supply chain disruptions and cost inflation remains elevated 15Guidance for 2026Sales 820-850 MUSDOperating Income Margin 21%-22%Sales(MUSD) Operating Income(MUSD) 5165816746716742021 2022 2023 2024 2025 2026820-85010011213513611219.5%19.2%20.1%20.3%16.7%2021 2022 2023 2024 2025 202621-22%
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Note: dates are subject to change inficon.com/analyst-visit16 Next Events on Corporate Calendar 2026Oct 27, 2026Nov 19, 2026Mar 18, 2027Q3 2026 Analyst/Media conferenceAnalyst Visit in Balzers, FLQ4/Full-Year 2026 Analyst/Media conference
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17 Thank you for your attention.Q&A
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INFICON believes that a deep understanding of our customers’ challenges and their visions for success is paramount to everything we do. These long-standing partnerships and the commitment to see our customers succeed inspire our dedicated, talented employees to develop and build market-leading instruments that are a winning combination of outstanding innovation and proven performance. And we value the trust our customers have in us to take risks, move fast and continue learning as we push the limits of technology to help them succeed. www.inficon.com