Transcript Slide 1

XCounter Group
Dental
Medical
CEO presentation
AGM, 26 of April 2013
Fredrik Henckel
Industrial
XCounter Group: business summary
•
Established:
1997 in Sweden and 2001 in Finland, a Group in 2009
•
Employees:
37 in total per Feb-13 (7 Sweden + 30 Finland)
•
Turnover:
€8.5m in 2012 (€6.6m in 2011)
•
EBITDA:
€0.2m in 2012 (-€1.5m 2011)
•
Result:
-€1.0m in 2012 (-€2.1m 2011)
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Segments:
Dental, Medical and Industrial
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Geographical footprint:
North- & South America, Asia and Europe
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Main owners:
VisuRay PLC 46.9%, Invesco 29.6%, Abingworth 10.7%
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Products:
Dental sensors & systems, industrial and medical sensors
•
Pipeline products:
Intra-oral dental sensor, 3D extra oral sensor, ultra-fast
industrial sensor, mammography sensor
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XCounter Group: delisting from Nasdaq  Mangold list
• The Board of Directors in XCounter decided 21th of March 2013 to delist the
Company’s shares from NASDAQ OMX First North Stockholm, last day of trade 3rd
of May 2013. Trading of the share is referred to be enabled on the Mangold list. First
day of trading on the Mangold list will be 6th of May 2013. The company will continue
to provide shareholders with current information about the share and the company
via the Company’s website
The Mangold list / ”Mangoldlistan”
XCT share price, 2012
40,00
35,00
30,00
25,00
20,00
15,00
10,00
5,00
0,00
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XCounter Group: current business and global footprint
January - December 2012 (2011)
Headquarter and R&D
Our customers
Production and R&D
January - December 2012 (2011)
Asia
Europe
N. America
S. America
15%
(12%)
35%
(14%)
13%
(13%)
Dental systems
Dental sensors
Industrial sensors
Medical sensors
Exclusivity
Others
8%
0% (5%)
(6%)
2%
(1%)
14%
(26%)
24%
(29%)
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26%
(45%)
63%
(49%)
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XCounter Group: financial development 2008--2012
XCounter Group, financial development, kEUR
10,000
5,000
0,000
-5,000
-10,000
-15,000
2008
2009
2010
2011
2012
Revenue
0,000
2,126
4,005
6,644
8,521
Net loss
-12,927
-6,482
-3,248
-2,144
-0,984
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XCounter Group: current R&D projects closing to completion
• By the end of January 2013 we delivered the first module prototype for
the 3D mammo-sensor to CT Imaging. The module is able to generate
X-ray images in the high speed of 1000 frames/second
• During February 2013 we delivered a first customized industrial
prototype sensor to VisuRay. The project is estimated to be finalized and
recognized in the income statement in the second quarter of 2013 with
an expected profit of about SEK 1m (EUR 0.1m)
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XCounter Group: CT Imaging, 1000 frames/second “water drop”
XCounter
http://youtu.be/ew3GiYoiTPs
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XCounter Group: ongoing/new R&D projects
In order to get to market sooner with attractive new products, we have
accelerated certain R&D projects within each of our areas; dental,
medical and industrial. We continue our development of a 3D dental
sensor and will start developing an intra-oral dental sensor as well
as an ultra-fast industrial sensor. Funds will be used to fund
external costs and the hiring of more employees.
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XCounter Group: focus area – Industrial NDT, equipment
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Total market size:*
€1.1 billion
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Annual growth:
7-10%
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X-ray market:
€0.25 billion (23% of total market)
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Major companies:
GE, Olympus, Comet, Vidisco, Applus+, ShawCor, Carestream
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Areas:
Aerospace, oil & gas, manufacturing, automotive, power supply
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Trends:
X-ray use increase, BRIC about 35-40% of the market,
object rejection for quality assurance, conversion from film
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XCounter Group:
€1.7m (sensors and services)
We focus on quality assurance and can include seal integrity in the control
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* source: Frost & Sullivan , MarketsandMarkets, StrategyR
Image from vidisco.com
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XCounter Group: Industrial market NDT, application areas
NDT in different areas:
Food, candy & beverages, seeds, wood (foreign objects detection & rejection, seal integrity)
Pharma
Consumables, materials
Oil & gas, welds and pipes, corrosion
Electronics
Metal casts (motor blocks, alu-profiles etc), mechanical
Ammunition
Military
Aerospace, vessels/boats/subs
Metrology, calibration
Archeology
Image from vidisco.com
Nuclear & Power Generation (heat-exchangers)
Security area; body scanning/screening, parcels, bagage, cars, trucks, racking etc
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The sensor makes the difference
Thanks for your
attention!
Any questions?
Headquarter in Danderyd
Cleanroom in Espoo
XCounter
XCounter AB (publ)
Svärdvägen 11 D, 6 tr
182 33 Danderyd
SWEDEN
+46 8 622 23 00
www.xcounter.se
[email protected]
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