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EARNINGS CALL 9-Months 2025 30.10.2025| Dr. Klaus Fiedler, CEO | Peter Mümmler, CFO
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2 KEY TAKEAWAYS FROM 9M/Q3 2025 LPKF Laser & Electronics SE Asia 32% Rest of World 1% North America 43% Rest of Europe 13%Germany 11% € 123M R E V E N U E I N 2 0 2 4 • Slight revenue growth despite difficult conditions: Revenue rose by 2% to EUR 83.9 million in the first 9 months of 2025. Revenue dropped by 9 % in the third quarter to EUR 24.8 million due to a very weak second quarter. • Order situation: Order intake reached €65.4 million after nine months, down from €84.1 million last year due to weak Q2 performance and absence of Solar orders. • Segment performance mixed: Growth in Electronics, Development and Welding but decline in Solar. • Strong dynamics in Advanced Packaging sector with over 80% of customers selecting LPKF. • Cost saving measures: Show further improvement in earnings (adjusted EBIT was EUR -0.8 million after EUR -5.1 million in the previous year). • Project North Star: Launched in September to boost profitability and ensure competitiveness. Objective: Achieve a double-digit EBIT margin and strengthen resilience against revenue fluctuations.
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BUSINESS DEVELOPMENT IN Q3 2025 LPKF Laser & Electronics SE 3 MARKET SITUATION • Stable demand for Rapid Prototyping and strong recovery of Electronics orders in Q3 after tariff clarification • Ramp up preparations running for LIDE in advanced packaging, while Display market penetration still slow • Limited investment activity for thin- film solar continues, with market preparing for switch to Perowskites • Demand for laser welding is picking up in Medical markets, while automotive continues to be very slow BUSINESS DEVELOPMENT • With over 80% of customers having selected LPKF for advanced packaging, we will shortly expand our portfolio to offer additional process steps • Continuous TCO improvements in laser depaneling drives growth in Electronics, with design wins in large key accounts • Perovskites as a new thin-film solar technology continues to be in focus, with no clear outlook yet on high- volume ramp-up • New product line ATA demonstrated to broad customer base at K trade show • Operational execution on track with no significant bottlenecks • Cost reductions implemented in 2024 show significant positive impact on 2025 bottom line • Continued focus on working capital reduction • Project North Star has been launched to implement structural efficiency improvements OPERATIONS
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FINANCIALS Financial Report 9M 2025 30 October 2025
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KEY GROUP FIGURES AFTER 9 MONTHS 2025 Sales, profits and orders • Moderate sales growth with missing sales in SQ compensated by consumer market business in WQ. • Prices and material costs remain stable, but exchange rates impact revenues. • EBIT: strong improvement compared to previous year now shows clear effect of cost savings program, particularly in Adjusted EBIT • Lack of advance payments for major orders in the Solar segment burden free cash flow • Order backlog falls sharply as large SQ projects are missing LPKF Laser & Electronics SE 5 As of 09/30/2025 As of 09/30/2024 Orders on hand 32.5 61.2 -47% Employees (total number) 736 780 -6% in Mio. EUR 9 Months | 2025 9 Months | 2024 ∆ Revenue 83.9 82.5 2% EBIT -3.3 -6.7 51% EBIT margin (%) -3.9 -8.1 Adjusted EBIT -0.8 -5.6 86% Adjusted EBIT margin (%) -1.0 -6.8 0% Incoming orders 65.4 84.1 -22% Earnings per Share (EUR) -0.24 -0.35 31% Free Cashflow -5.4 -1.7 -218%
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REVENUE AND EBIT BY SEGMENT LPKF Laser & Electronics SE 6 DEVELOPMENTELECTRONICS SOLARWELDING Continued positive development in revenue and adjusted EBIT despite difficult market environment ARRAL YZE continues to make no contribution to EBIT . Sales growth in Q3 inthe semiconductor segment and a visible uptake in the SMT sector . EBIT losses due to decline in sales. Large order intake in the first quarter and efficient processing show strong sales growth. However , orders from consumer electronics industry are project-based, while a sustainable business foundation in medical application is being built up. Adjusted EBIT : improvement largely follows the sales trend Decline in salesas large projects are missing. Adjusted EBIT protected by countermeasures. 0 in Mio. EUR 9 Months 2025 9 Months 2024 ∆ 9 Months 2025 9 Months 2024 ∆ 0 Electronics 20.0 19.2 4.2% -5.4 -5.6 4% Development 18.1 17.6 2.8% 0.1 -1.5 107% Welding 20.0 13.2 51.5% 2.1 -3.8 155% Solar 25.8 32.5 -20.6% 2.4 5.3 -55% Gesamt 83.9 82.5 1.7% -0.8 -5.6 86% Revenue Adjusted EBIT
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WORKING CAPITAL AS PER 30 SEPTEMBER 2025 LPKF Laser & Electronics SE 7 Working Capital • Positive development of receivables due to intensified receivables management • Comparative period 2024 included larger prepayments from the Solar segment, which are missing in 2025 in Mio. EUR 30.09. | 2025 31.12. | 2024 ∆ Inventories 25.9 26.9 -4% Trade Receivables 22.3 30.1 -26% Prepayments received -6.1 -12.4 -51% Trade Payables -5.8 -7.4 -22% Working Capital 36.3 37.2 -2%
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REVISED 2025 GUIDANCE AND MID-TERM ASPIRATION LPKF Laser & Electronics SE 8 REVENUE EUR 130 – 140 MILLION ADJUSTED EBIT- MARGIN* 4 - 8 % Mid-Term Aspiration • The board aims to achieve a sustainable double-digit EBIT margin for the group. • Semiconductor Market: Strong strategic positioning with LIDE technology and expanded product portfolio offering substantial growth potential. • SMT and Rapid PCB Prototyping: Solid growth prospects. • Solar: Despite current weakness, the transition to perovskite technology is seen as a promising growth opportunity. • Welding: Strategic realignment expected to yield long- term profitable growth. • Structural adjustments are crucial to ensure LPKF's resilience and competitiveness, as no significant short- term growth impulses are expected amidst economic uncertainty. *Adjusted EBIT is EBIT adjusted for restructuring and severance costs, effects from changes in the scope of consolidation and changes in the long-term incentive (LTI) due to fluctuations in the performance factor or the share price. LPKF expects these costs to amount to 1-2% of revenue in the 2025 financial year. REVENUE EUR 124.3 MILLION EBIT-MARGIN 3.0 % ADJUSTED EBIT- MARGIN* 3.5% Guidance FY 2025 Revenue EUR 115 – 125 million (prev. EUR 125 - 140 million) Adjusted EBIT margin* 0 – 5 % (prev. 6 - 9%) Actuals 2024 Revenue: EUR 122.9 million EBIT margin: -2.1% Adjusted EBIT margin*: 0%
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Q&A Earnings Call Q3 2025
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THANK YOU!
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11 DISCLAIMER This presentation is intended exclusively for the purpose of providing information to the respective recipient. Use for personal purposes, publication, duplication and/or forwarding the presentation and its contents is permissible only with the written consent from LPKF Laser & Electronics SE (”LPKF“). The presentation was composed according to the best knowledge available at the time it was prepared and with the greatest possible care. LPKF is not liable for the completeness, correctness, function or fitness for purpose of the content presented, except in the event of willful intent or gross negligence. The content of the presentation shall become neither a component of a contract nor does it represent warranted properties. All content is subject to copyright law. Logos, designs and names used may be registered trade marks of LPKF or third parties. Technologies or products can contain or relate to the intellectual property of LPKF or third parties. LPKF Laser & Electronics SE