1
A background of sustained growth
- +19.1% annual organic growth over the last 20 years
- Consolidated revenue of €169 million at 31/12/2021, up 34.1% compared to fiscal year 2020
- Multi-geography M&A track record reinforcing the group's development: 8 acquisitions since 2021
- Strong sales momentum with a backlog of €74.8m at the end of May 2022
2
Large and essential PCB1 market for the electronics industry
- Electronics and printed circuits are at the heart of all current technological revolutions (5G, IoT, AI, E-mobility, ...)
- Market of $79.4 billion2 in 2025 with an estimated CAGR3 of +3.7% between 2021 and 2025
- ICAPE positioning on the highest added value segments: small, medium and express PCB needs
1 Printed Circuit Board
2 Source : Technavio
3 Compound annual growth rate
3
A key player with a global presence
- Key technology intermediary in the PCB supply chain
- Wide range of products and services coupled with leading expertise
- Portfolio of over 2,000 active clients
- A network of leading suppliers in China
4
Experienced management with a solid track record
- Experienced, loyal and tight management team
- 7 Executive Vice-Presidents responsible for 30 subsidiaries worldwide
- More than 560 highly committed employees, including more than 100 employee shareholders
5
An efficient and asset light business model
- Global, structured and agile platform
- Offensive M&A strategy to take advantage of consolidation opportunities
- Important operational levers to increase the profitability profile
- Strong momentum for profitable growth expected in the coming years
6
Ambitious financial targets
- ~€230 million in revenues expected in 2022 and ~€500 million by 2026
- ~4.5% operating margin expected in 2022 and ~9.5% in 20264
- Dividend distribution policy: approximately 30% of net income
4 Margin on current operating income