IntroducingIntroducing
TheThe SAESSAES® GettersGetters GroupGroup
March 2009
we support your innovation CoreCore BusinessBusiness
The SAES® Getters Group is the world leader in a variety of scientific and industrial applications where stringent vacuum conditions or ultra-high pure gases are required.
In 2008, SAES Getters has expanded its core business into advanced materials market, mainly towards shape memory alloys for medical, healthcare and industrial applications.
2 we support your innovation CoreCore BusinessBusiness
For nearly 70 years, our solutions have been supporting technological innovation in:
The information display industry The lamp industry A wide range of electronic device-based applications Vacuum and Ultra-high Vacuum Technology Vacuum thermal insulation Semiconductors Medical and industrial shape memory alloys industry
3 we support your innovation SAESSAES GettersGetters VisionVision
To be the leading global supplier of getters, shape memory alloys and advanced materials to niche markets characterized by high growth potential in the high-tech business segments
4 we support your innovation ResearchResearch && InnovationInnovation
About 11% of net consolidated sales allocated to R&I activities every year State-of-the-art corporate laboratories covering an area of over 3,300 sq.mt. Nearly 100 people committed to investigating problems, developing proposals and testing solutions
5 we support your innovation IntellectualIntellectual Property:Property: aa CompetitiveCompetitive AssetAsset
Over 300 inventions have been patented by the Group in 70 years of activity, in the following business segments:
Alloys and Gettering 12,1% Displays 27,6% Lamps 5.8% Vacuum Insulation 10.6% Getter Pumps 5,5% Gas Purification & Analysis 19,1% Semiconductor Technology 3,3% Catalysis 2,4% Other 13,6%
6 we support your innovation GlobalGlobal PresencePresence
7 we support your innovation TheThe SAESSAES GettersGetters GroupGroup OrganizationOrganization
The SAES Getters Group serves customers through three global Business Units (BU) and one Business Development Unit (BDU):
Information Industrial Shape Memory Advanced Displays BU Applications BU Alloys BU Materials BDU
Each Unit addresses different markets and applications, aiming at the best customer satisfaction through the support of a worldwide-based sales and service network
8 we support your innovation BusinessBusiness OrganizationOrganization
Information Displays Business Unit Getter products and and metal dispensing solutions used in displays (liquid crystal displays and cathode ray tubes) Industrial Applications Business Unit Innovative getters and metal dispensers supporting a wide variety of industrial applications (lamps, electronic devices, solar collectors, vacuum systems and vacuum thermal insulations) and capital equipment employed primarily in the semiconductor industry for pure gas handling Shape Memory Alloys Business Unit From raw materials, SAES Getters produces shape memory alloy components for medical and industrial applications; a family of advanced materials featuring super elasticity and the property of assuming predefined forms when subjected to heat treatment Advanced Materials Business Development Unit Advanced materials BDU provides some of the most innovative technologies: optical crystals, getter thin films for wafer-level MEMS and highly sophisticated getters/dryers for Plasma Displays, Field Emission Displays (FEDs) and Organic Light Emitting Diodes (OLEDs)
9 we support your innovation 20082008 ConsolidatedConsolidated SalesSales byby BusinessBusiness UnitUnit
Advanced Industrial Materials Shape Memory Applications 2% Alloys 39% 11%
Information Displays 48%
10 we support your innovation BusinessBusiness OrganizationOrganization
Information Industrial Shape Memory Advanced Displays BU Applications BU Alloys BU Materials BDU
Liquid Crystal Lamps Vacuum Systems & Displays Thermal Insulation
Cathode Ray Electronic Semiconductors Tubes Devices
11 we support your innovation LiquidLiquid CrystalCrystal DisplaysDisplays
SAES Getters serves the LCD Panels industry with advanced and unique products, specifically Mercury Dispensers for Cold Cathode Fluorescent Lamps (CCFL) used for LCD backlighting
LCD backlight systems are based on an array of thin Fluorescent Lamps that require a minimum amount of mercury inside to generate light SAES Getters products are manufactured with a proprietary design and process that allow a very precise mercury dosing inside CCFLs, in compliance with the very stringent regulations aiming at the minimal environmental impact FY08 sales: 64.6 M€, 41% of total FY08 Group sales (90 M€ in FY07)
12 we support your innovation CathodeCathode RayRay TubesTubes
In spite of a declining market, Cathode Ray Tube (CRTs) are still used in large quantities in the Emerging Countries. SAES Getters is the CRT industry’s largest provider of barium based getters In-house vertically integrated manufacturing processes A controlled risk management policy based on production at 2 manufacturing facilities Excellent quality and competitive price FY08 sales: 10.4 M€, 6% of total FY08 Group sales (18.4 M€ in FY07)
13 we support your innovation LampsLamps
SAES Getters is the leading supplier of high quality, innovative non- evaporable getters for Discharge Lamps and mercury dispensers for Linear Fluorescent Lamps These products are the key solutions for the very demanding lamp industry, capable to ensure vacuum maintenance and highly pure filling gas. Major applications are: Street lighting Commercial lighting Industrial and domestic lighting
FY08 sales: 11.5 M€, 7% of total FY08 Group sales (11.2 M€ in FY07)
14 we support your innovation ElectronicElectronic DevicesDevices
SAES Getters offers solutions for an extremely diversified range of devices which require either vacuum or a high purity rare gas atmosphere Main targeted market segments: Avionics (Laser Gyroscopes) Medical (X-Ray Tubes) Security & defense Telecom & datacom Automotive Solar energy (Solar collectors)
FY08 sales: 23.9 M€, 15% of total FY08 Group sales (17.1 M€ in FY07)
15 we support your innovation VacuumVacuum SystemsSystems && ThermalThermal InsulationInsulation
SAES expertise in gas-surface interaction, vacuum technology, out gassing and permeation of materials has led SAES Group to the development and production of non-evaporable getter pumps, sputtered getter coatings and solutions in vacuum thermally insulated devices
Vacuum systems for material characterization and processing Particle accelerators Cryogenic applications
FY08 sales: 5.6 M€, 4% of total FY08 Group sales (4.3 M€ in FY07)
16 we support your innovation SemiconductorsSemiconductors
Providing advanced purification for ultra-high purity bulk gases and for specialty gases, as well as in-situ purification for processing tools, SAES Pure Gas – a member company of the SAES Getters Group – supports the semiconductor and other hi- tech industries
FY08 sales: 20.6 M€, 13% of total FY08 Group sales (22.9 M€ in FY07) 17 we support your innovation ShapeShape MemoryMemory AlloysAlloys
Shape Memory Alloys, or SMAs, belong to an extensive range of metal alloys showing unique super-elasticity and shape memory features. Medical Applications Thanks to several acquisitions and huge investments in the SMAs field, SAES Getters successfully established a deep vertically integrated Business Unit capable to supply from ingots to semi- finished and finished SMA products shaped as wires, tubes, and tailor made stents widely used in the most advanced and minimally invasive medical applications. Industrial Applications Also the Industrial Applications are calling for a wide introduction of SMA technology in several sectors (i.e. shape memory actuators can give wide advantages). Major markets of SMA industrial applications are: • Automotive • Transportation • Domotics • Eyewear
FY08 sales: 17.6 M€, 11% of total FY08 Group sales (0.9 M€ in FY07) 18 we support your innovation AdvancedAdvanced MaterialsMaterials
Getters for MEMS: thin film getter based products obtained by means of sputtering technology. Getter films deposited onto MEMS cap-wafers ensure the vacuum level in MEMS needed to improve the reliability and to lengthen the lifetime of the final device
Optoelectronic Materials: advanced optical crystals for optoelectronic devices, industrial lasers and diagnostic PET machines
Flat Panels: highly sophisticated getters and dryers for Plasma Displays, Field Emission Displays (FEDs) and Organic Light Emitting Diodes (OLEDs)
FY08 sales: 3 M€, 2% of total FY08 Group sales (2.4 M€ in FY07) 19 we support your innovation ConsolidatedConsolidated SalesSales
M€ 180 160 140 166.7 167.2 172.6 120 160.2 157.1 100 141.2 138.6 80 126.2 141.6 115.7 60 95.2 40 20 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
1998-2003 data compliant to Italian GAAP; 2004-2008 data compliant to IFRS 20 we support your innovation ConsolidatedConsolidated OperatingOperating IncomeIncome (%(% onon netnet sales)sales)
60M€ 54.5 50 49.3
40 32.7% 33.8 29.7 32.8 30 29.5% 30.4 19.6% 23.6% 20 17.0 13.7 20.9% 19.4% 8.4 10.0 10 10.6% 11.8% 2.7 8.8% 7.1% 2.1% 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 1998-2003 data compliant to Italian GAAP; 2004-2008 data compliant to IFRS 21 we support your innovation ConsolidatedConsolidated NetNet IncomeIncome (% on net sales)
M€ 40 34.9 31.4 30 27.2 20.9% 21.0 18.8% 20.3 20 16.1 12.6 15.8% 14.1 15.2% 8.7 12.9% 10 6.5 11.4% 10.8% 8.8% 9.2% 0 4.6% -4.4% -5.5 -10 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
1998-2003 data compliant to Italian GAAP; 2004-2008 data compliant to IFRS 22 we support your innovation CapitalCapital StructureStructure
y Ordinar Shares 67%
Savings Shares 33%
Ordinary Shares Savings Shares # 15,271,350 # 7,460,619
23 we support your innovation OrdinaryOrdinary ShareholdersShareholders
SAES Getters S.p.A. 5% S.G.G.Holding 52%
Market 43%
SAES Getters S.G.G. Holding Market Total S.p.A. Number of shares 7,958,920 700,000 6,612,430 15,271,350 52.12% 4.58% 43.30% 100.00%
24 we support your innovation AttestationAttestation
The Officer Responsible for the preparation of corporate financial reports of SAES Getters S.p.A. certifies that, in accordance with the second subsection of art. 154bis, part IV, title III, second paragraph, section V-bis, of Legislative Decree February 24, 1998, no. 58, the financial information included in the present document corresponds to book of account and book-keeping entries. The Officer Responsible for the preparation of corporate financial reports Michele Di Marco
25 we support your innovation ThankThank youyou forfor youryour attentionattention
Web-site: www.saesgetters.com E-mail: [email protected]
SAES® Getters is a registered trademark of SAES Getters S.p.A. we support your innovation