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Q1 President and CEO Hannu Martola 26 April 2019 2019 January-March Business review

PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

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Page 1: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

Q1 President and CEO Hannu Martola 26 April 2019

2019 January-March

Business review

Page 2: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

2

3.9M€ EBIT (3.7)

19.3%net sales change-% (2.4)

16.7%EBIT-% (19.4)

23.1M€ net sales (19.3)

26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019

Q1 2019 ›

Page 3: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

3 26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019

Q1 2019 ›Back on track for double-digit growth

Sales were driven by customer-specific CT demand especially from China

SBU sales up 23% due to good demand and competitive position on security CT, market opening up also in the US and Europe

MBU sales up 14% due to well-developed medical CT demand from key customers

Operating profit improved althoughinvestments in R&D increased by 28%

Page 4: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

NET SALES BY QUARTER

4

(EUR 1,000)

26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019

+19.3%(YOY)

0

5,000

10,000

15,000

20,000

25,000

30,000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2016 2017 2018 2019

Page 5: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

OPERATING PROFIT

5

(EUR 1,000)

14.9 %

18.3 %

21.4 %22.3 %

19.6 % 20.3 %

22.9 %

25.4 %

19.4 %

21.4 % 21.0 %19.2 %

16.7 %

0%

5%

10%

15%

20%

25%

30%

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000Q

116

Q21

6

Q31

6

Q41

6

Q11

7

Q21

7

Q31

7

Q41

7

Q11

8

Q21

8

Q31

8

Q41

8

Q11

9

EBIT excluding NRI (EUR 1,000) EBIT-% excluding NRI Mid-term EBIT-target ≥15%

26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019

Page 6: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

SALES SPLIT

63%

37%

6

SBU14.5 NET SALES M€

22.9% YOY CHANGE-%

MBUNET SALES M€ 8.6

YOY CHANGE-% 13.8%

NET SALES

23.1M€

26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019

BY BUSINESS UNIT ›

62%16%

22%

NET SALES

23.1M€

+46%-27%+15% YOY CHANGE-%

ASIAAMERICAS

EUROPE

BY REGION ›

Page 7: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

7 26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019

(EUR 1,000) 1-3 2019 1-3 2018 1-12 2018Net sales 23,053 19,318 93,916

Change in net sales, % 19.3% 2.4% 5.5%

Operating profit 3,855 3,741 18,522

Operating margin, % 16.7% 19.4% 19.7%

R&D costs 2,499 1,948 8,839

R&D costs, % of net sales 10.8% 10.1% 9.4%

Cash flow from operating activities 5,047 5,205 6,122

Capital expenditure 707 960 4,741

Earnings per share, EUR 0.25 0.21 1.03

KEY FIGURES

Page 8: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

8 26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019

STRATEGYFocused on SOP (start of production) of new detector solutions

Received good customer feedback on pilot deliveries of Aurora, which will have an impact on SBU sales by end of 2019

Made the first customer shipments of X-Panel CMOS flat panel detectors

Completed succesfully MultiX integration, started industrialization of multi energytechnology

Decided to establish a new production and service site to Wuxi

Page 9: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

5%MEDICAL MARKET

annual growth rate

6%SECURITY MARKET

annual growth rate

5%INDUSTRIAL MARKET

annual growth rate

BUSINESS OUTLOOK

9

ASIA-PACIFIC IS THE FASTEST GROWING MARKET

• Estimates sales to increase in both businesses and to achieve double-digit revenue growth in Q2

• Expects H2 demand to decline in MBU• Despite this expects total net sales to grow in H2• Uncertainty on demand and competition might be reflected in product prices

26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019

Page 10: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

10 26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019

FINANCIAL TARGETS UNCHANGED

MEDIUM TERMAnnual

sales growth

>15%

MEDIUM TERMOperating

margin

≥15%

ANNUALDividend or

returned capital

30-60%

Page 11: PowerPoint Presentation...4 (eur 1,000) 26/4/2019 detection technology plc business reviewjanuary-march 2019 +19.3%

26/04/2019 CONFIDENTIAL | Presentation name / Author11