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Press conference March 9, 2017 Results 2016

H. J. Essing, A. Hagemann, P. Schoch

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Disclaimer

The information in this presentation does not constitute an offer or invitation and may not be construed as a recommendation by us to purchase, hold or sell shares of Cicor Technologies Ltd. This information or any copy thereof may not be sent or taken to or distributed in any jurisdiction in which such transmission or distribution is unlawful. This document may contain certain ‘forward-looking’ statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual outcomes and results may differ materially from any outcomes or results expressed or implied by such forward-looking statements.

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Cicor profile

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Your technology partner The Cicor group

Global engineering and manufacturing service provider with innovative technology solutions for the electronics industry

Differentiating capabilities for growth markets: Enabling miniaturization and high-end applications through specialized Printed

Circuit Boards, hybrid substrates and microelectronics

Competitive electronics manufacturing with 71% of workforce in low cost countries

One-stop source along the supply chain

10 production sites with 1,841 employees

Net sales 2016 of CHF 189 million

Founded in 1966 and since 1998 listed on the SIX Swiss Exchange: CICN

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Markets

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Serving markets with growth potential

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From design to finished products Services & solutions along the supply chain

PCB assembly

Printed circuit boards

Box building

Plastic injection molding

Hybrid circuits

Tooling

Electronic Solutions

Advanced Microelectronics and Substrates

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Serving demanding OEMs Customer references

This is just an extract from our list of references.

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A network of high-tech and competitive sites Cicor's global footprint

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Switzerland Boudry Bronschhofen Wangs

Germany Radeberg Ulm

Romania Arad

China Suzhou

Sales offices

Operating sites Engineering Printed Circuit Boards (PCB) Microelectronics PCB assembly Box building Plastic injection molding Tooling

Vietnam Thuan An Town

Singapore Singapore

Indonesia Batam

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Year of record order intake and successful turnaround

2016

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Measures taken will show full results in 2017 Record order intake and net profit turnaround

Acceleration of orders and sales towards year end, following a slow start into 2016

Highest order intake on record for Cicor Group

ES Division back on track after a difficult year of 2015 Strong demand from existing and new customers Sales at record level and improved operating margins

Progress in turning around the AMS Division – still some way to go Sales below expectations: weak demand from watch industry and inventory

adjustment at a key customer Focus on cost reduction improved margins in H2, but still an EBIT loss

Return to profit in H2 despite restructuring cost

Savings from restructuring measures will be fully accretive in 2017

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Customer focus, speed and efficiency Restructuring into a lean organization

Eliminated one management layer

Increased customer focus and decision making speed

Empowered operational managers

Reduced Group Management positions from 4 to 2

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Structure of Cicor operating units before and after restructuring

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From 7 Swiss sites to 3 Site consolidation is completed

Investments are a commitment to our Swiss homebase

Consolidation of PCB production to Boudry NE

Integration of 2 plants and 2 offices into new factory in Bronschhofen SG

308 employees (2015: 338) in 3 Swiss high-tech sites

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Continued investment in advanced processes Technology leadership

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Leading in miniaturization: Combining advanced PCB

manufacturing processes to achieve smallest possible structures

Enabling device manufacturers to design highly integrated electronics

Application example: hearing aids with integrated body monitoring functions

Sterile medical components Manufacturing of plastic parts and

assemblies under sterile conditions

Competitive cost in Batam (Indonesia)

Significant cost savings for customers as need for additional sterilization is eliminated

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Results 2016

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Orders received Net sales EBIT EBITDA Net profit +26.7%

2016

223.5

2015

176.3

+4.9%

2016

189.5

2015

180.6

2016

2.9

2015

-1.7

+54.9%

2016

11.5

2015

7.4

2016

0.3

2015

-4.1

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6.1%

4.1%

-0.9% (ROS)

1.5%

0.1%

-2.2%

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Financial achievements 2016 All figures in CHF mio at actual FX rates

Growth in net sales of 3.3% in local currencies

Book-to-bill ratio of 1.18 in 2016

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1st half-year

Net

Sal

es

+0.9% +9.1%

2015 2015

99.6 96.2

2014 2014

94.3 92.1

2013

102.9

2016

88.5

2013

96.5

2016

92.9

2nd half-year

2013

8.8 7.2

2015 2013

EB

ITD

A

5.3

10.9

2014

-0.5

7.9 -33.6% 10.4

2015 2014

6.2

2016 2016

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Half-year results 2013 - 2016 All figures in CHF mio at actual FX rates

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Sales pattern and Division key-figures

Results 2016

ES 2015 2016 %YoY

Sales 131 578 146 650 11.5%

EBITDA 8 930 11 292 26.5%

ROS% 6.8% 7.7% +0.9%pt.

AMS 2015 2016 %YoY

Sales 49 510 42 844 -13.5%

EBITDA 642 2 236 248.3%

ROS% 1.3% 5.2% +3.9%pt.

(all figures in TCHF at actual FX rates)

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Lower Capex / Depreciation ratio Capex and depreciation for PPE*

2016

8 311

2015

8 702

2014

8 788

2013

7 849

2012

6 820

2011

6 592

2010

7 059

2009

8 452

PPE Capex in TCHF PPE Depreciation in TCHF Capex / Depreciation ratio

* PPE = Property, Plant and Equipment

2016

8 362

6 495

1 867

2015

8 453

2014

10 618

2013

15 293

2012

13 168

2011

8 033

2010

5 908

2009

4 268

Average 2009 – 2016 = 1.17

Mid-term Target Corridor

Excl. Land Arad

Land Arad

0.5

0.8

1.91.9

0.8

0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

2.0

2016 2015

1.0

2014

1.2

2013 2012 2011

1.2

2010 2009

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Actual 2015 in % Actual

2016 in % %YoY

Net sales 180 612 100.0 189 494 100.00 4.9 Material expenses -89 461 -49.5 -99 654 -52.6 11.4

Operating expenses -79 034 -43.8 -77 228 -40.8 -2.3

Restructuring -4 718 -2.6 -1 145 -0.6 -75.7

Depreciation and amortization -9 051 -5.0 -8 540 -4.5 -5.6

EBIT -1 652 -0.9 2 927 1.5 -277.2

Financial result -2 159 -1.2 -1 839 -0.9 -14.8

EBT -3 811 -2.1 1 088 0.6 -128.5 Income taxes -245 -0.1 -830 -0.5 238.7

Net profit / (loss) -4 056 -2.2 258 0.1 -106.4

Consolidated income statement

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In TCHF

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Actual 2015

in % Actual 2016

in %

Current assets 101 404 67.0 106 527 68.1

Non-current assets 49 910 33.0 49 788 31.9

Total assets 151 314 100.0 156 315 100.0

Current liabilities 42 505 28.1 86 475 55.2

Non-current liabilities 49 109 32.4 9 647 6.3

Equity 59 700 39.5 60 193 38.5

Total liabilities and equity 151 314 100.0 156 315 100.0

Net Debt 20 534 21 537 Gearing ratio (net debt in % of equity) 34.4 35.8

Net debt / EBITDA bef. Restr. 1.7 1.7

Equity Ratio 39.5% 38.5%

Consolidated Balance Sheet

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In TCHF

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Actual 2015

Actual 2016

Profit / (Loss) before tax -3 811 1 088

Non cash items 15 595 10 194

Changes in working capital* -2 156 -1 745

Interest, tax paid / received -1 612 -2 188

Cash flow from operations 8 016 7 349 Property, plant and equipm. (net) -8 408 -8 169

Intangible assets -153 -532

Cash flow from investments -8 561 -8 701

Free Cash Flow -545 -1 352

Net cash from / (used) in fin.act. 11 738 1 076

Currency translation effects -518 36

Cash flow 10 675 -240

Cash Flow Statement

* Working capital including other current assets and other current liabilities

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In TCHF

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Outlook 2017

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Expectations for 2017 Outlook

January and February were a strong start into the new financial year!

2016 book to bill rate of 1.18 is expected to translate into mid to high single digit percent sales growth in 2017

Improved operating margins after the improvement measures executed in 2016 will be fully accretive to results

If no significant adverse change in the economic environment occurs, Cicor should return to the level of operating results achieved in 2013 and 2014

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Return to profitable growth in all businesses

Management priorities in 2017

Accelerate organic sales growth based on strong 2016 bookings

Complete and secure turnaround of AMS Division

Focus on operational excellence to unlock untapped margin potential

Expand production capacities in Romania until H2 of 2018

Identify and execute on acquisition opportunities if they are accretive for Cicor’s shareholders

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IR information

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Fr. 29.00

2016 2015 2014 2013

130%

150%

140%

120%

110%

100%

90%

80%

70%

60%

2017

Inde

xed

shar

e pr

ice

(dai

ly c

losi

ng)

+56%

+11%

-29% +3%

+19%

Cicor share price development

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Free Float

Escatec

Quaero Capital 10.10%

55.69%

4.86%

HEB Swiss 29.35%

Shareholding as per 02.02.2017

Cicor Techn N (CICN)

SPI

Share price performance 2013 – 2017 Highest paid price: 07.03.2017 CHF: 45.00 Lowest paid price: 07.07.2016 CHF: 18.40 Average daily trading volume in shares: 2 776

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2013 - 2017

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Agenda 2017 and contacts Investor Relations

Investor Relations Agenda April 19, 2017 Annual shareholder meeting August 17, 2017 Interim report 2017 Investor Relations Contacts Cicor Management AG Patric Schoch (CFO) and Alexander Hagemann (CEO) Gebenloostrasse 15 9552 Bronschhofen, Switzerland Phone: +41 71 913 73 00

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www.cicor.com Thank you for your attention.

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