Investor Presentation 3 March 2016 DISCLAIMER This presentation is - - PowerPoint PPT Presentation

Investor Presentation

3 March 2016

DISCLAIMER

1

This presentation is not an offer for subscription for any type of securities in Scanfil Oyj (the “Company”). Information in this presentation shall not constitute an offer to sell or a solicitation of an offer to purchase the securities, and there will not be any sale of the securities in any

• jurisdiction. This presentation has not been approved by any regulatory authority.

This presentation does not contain any legal, financial or investment advice. This presentation does not contain any legal, financial or investment advice and is provided merely for informational purposes and for purposes

• f a general knowledge of the field the Company operates in. The information contained in this presentation has not been independently verified

and no representation or warranty is given as to the achievement or reasonableness of any projections, estimates, targets, prospects and/or

• pinions contained in this presentation. None of the Company nor any of the Company's advisors, or any of their respective members, directors,
• fficers or employees or any other person accepts any liability whatsoever for any loss howsoever arising from any use of this presentation or its

contents or otherwise arising in connection therewith. Any projections, estimates, forecasts, targets, prospects, returns and/or opinions (including, without limitation, projections of revenue, expense, net income and stock performance) contained in this presentation involve elements of subjective judgment and analysis, and are based upon the best judgment of the Company as of the date of this presentation. This presentation may contain forward-looking statements. The Company does not give any undertaking, or is not under any obligation obligated to update these forward-looking statements for events or circumstances that occur subsequent to the date of this presentation, or to update or keep current any of the information contained herein.

Content

• 1. Business overview
• 2. Investment highlights
• 3. Key financials

2

• 1. Business overview

3

SCANFIL - AN INTERNATIONAL CONTRACT MANUFACTURER AND SYSTEMS SUPPLIER

4

Source: Scanfil

• Founded in 1976 and headquartered in Sievi, Finland
• Operations include 16 production facilities in 10 countries
• Employs around 3,900 people currently
• Listed at Nasdaq Helsinki with a market cap of EUR 191m and approximately 4,700 shareholders

Description Customer segments

Urban Applications Energy & Automation Networks MedTech, Life Science & Environmental Measurement Defence, Oil & Gas and Maritime

SCANFIL - AN INTERNATIONAL CONTRACT MANUFACTURER AND SYSTEMS SUPPLIER

5

Source: Scanfil

# of facilities 2 3 1 1 1 1 2 1 1 3

Turnover (EURm) Employees by country Production footprint

To be closed down # of facilities 377 215 189 181 517 461 2015 2014 2013 2012 Reported turnover Pro forma turnover incl. PartnerTech 613 1,226 774 213 54 325 452 79 57 86 China Poland Estonia Finland Norway Hungary Sweden UK USA Germany 73% 27% Negotiations started to restructure operations Aerodyn AB sold

KEY MILESTONES

1976 1991 2001 2002 2010 2012 2014 2015

Jorma J. Takanen founded Scanfil Oy 10 years rapid growth period

• Sales 1991 EUR 5m
• Sales 2001 EUR 220m
• Position of a system

supplier Merger with Wecan Electronics (sales of EUR 46m) Listed on Helsinki Stock Exchange Professional electronics represented about 50% of the sales for the first time Rapid internationalisation to low cost countries:

• Hungary 2001
• China Suzhou 2002
• Estonia 2002
• China Hangzhou 2003

Professional electronics represented 75% of the sales Demerger of Sievi Capital (investment company) and Scanfil (contract manufacturing) Acquisition of PartnerTech in July 2015 (sales of EUR 246m) Acquisition of Schaltex Systems GmbH (sales of EUR 21m)

6

Source: Scanfil

CUSTOMER NEEDS

7

Product development / design Sourcing Inbound logistics Manufacturing Outbound logistics Sales and marketing Customer service

Original Equipment Manufacturers (OEM) Electronics Manufacturing Services (EMS)

Source: Scanfil

Provider of vertical integration service in production

• f various complete products, for example laundry

machines and photo booths “We have made good progress on costs in past years, but this will be overshadowed by the leap forward we will take in 2014 in reducing the manufacturing costs of both our photo booths and laundry units, by outsourcing to China and Hungary

• respectively. Not only does this open up the

emerging markets for us, it enables us to increase manufacturing capacity with potential decrease in capital expenditure.” Provider of vertical integration service in production

• f the reverse vending solutions

“Scanfil is a key partner to Tomra and an important part of Tomra operations since 2005. They are providing capacity and flexibility enabling Tomra to handle the big variations in demand. They are situated close to our main market in Germany enabling acceptable cost level and short delivery times.” SCANFIL Vertical Integration 2016 - YouTube

EXAMPLE CUSTOMER CASE STUDIES

8

Customer Scanfil’s role Customer feedback Illustrations

Source: Scanfil

• 2. Investment highlights

9

SOLID FOUNDATION TO BUILD ON

Growing customer segments and well-diversified customer base

1

Vertically integrated business model and a globally

• ptimised factory

network

2

Continuous focus

• n operational

excellence

3

Strong performance culture

4

Several further value creation

• pportunities

5

10

35.5%

• f sales

18.9%

• f sales

20.9%

• f sales

11.5%

• f sales

3.0%

• f sales

MEGATRENDS DRIVE DEMAND IN ALL SCANFIL’S CUSTOMER SEGMENTS

11 Urban Applications Energy & Automation Networks MedTech, Life Science & Environmental Measurement

• Urbanisation in developing countries
• Increase in people’s wealth
• Population ageing
• Energy efficiency & renewable energy production
• Urbanisation in emerging markets
• Industrial automation
• Digitalisation
• Increasing significance of telecommunications and

wireless solutions

• Industrial internet
• Population ageing and healthcare needs in emerging

markets

• Need to predict weather phenomena
• Monitoring of food, water and air quality

Defence, Oil & Gas and Maritime

• Geopolitical instability drives investments in security

and defence material

• Low oil price drives need for cost efficient solutions in

Oil&Gas industry

1

12

VERTICALLY INTEGRATED BUSINESS MODEL

Supply network Scanfil services Complete product

• Scanfil controls and manages a

supplier network whose structure is optimised for efficiency and cost-effectiveness

• After sales services include

product repair services, product data management services and spare parts and logistics services ensuring high customer satisfaction

• Services cover the whole product

project and manufacturing phase enabling the company to assume a greater responsibility in customer’s value chain than mere manufacturing of products Complete service offering with focus on high mix / low volume production

2

Source: Scanfil

GLOBALLY OPTIMISED FACTORY NETWORK

13

Source: Scanfil Atlanta, USA Myslowice Sievi, Finland Myslowice, Poland Vantaa, Finland Pärnu, Estonia Sieradz, Poland Budapest, Hungary Moss, Norway Karlskoga, Sweden Åtvidaberg, Sweden Malmö, Sweden Cambridge, UK Hamburg, Germany Hangzhou, China Suzhou, China Dongguan, China

2

To be closed down Negotiations started to restructure

• perations

CONTINUOUS FOCUS ON OPERATIONAL EXCELLENCE

14

2012 2013 2014 2011 2010 2009 2008 On time delivery Lead time

Improved schedule management Decreased customer PPM(1)

2014 2013 2012 2011 2010 2009 2008

Continuous improvement of

• perations by using
• Six Sigma principles for quality
• Lean principles for customer value

creation

• Visual factory for effective management
• f lean operations

Common KPI:s (Key Performance Indicators)

• Annual targets by function
• For example quality, on time delivery,

lead time and productivity

Global development organization

• More than 100 Lean Six Sigma

professionals deployed worldwide

• Standardized global processes and

shared best practices

Overview

3

Note: (1) PPM = Parts Per Million Source: Scanfil

HIGH PERFORMANCE CULTURE

15

Source: Scanfil

4

321.6 241.4 224.6 218.9 197.3 219.3 210.8 180.9 188.5 214.5 377.3 7.6% 6.3% 9.7% 8.3% 8.5% 4.3% 90 180 270 360 450 3 6 9 12 % EURm 2015 2014 2013 2012 4.5% 2011 2010 5.0% 2009 7.9% 2008 2007 2006 4.7% 2005 3.7% Operating profit % Turnover

HIGHLY QUALIFIED MANAGEMENT TEAM WITH PROVEN TRACK

Group Mangement Team

Kristoffer Asklöv VP, Operations

• 1 year at Scanfil
• 14 years of industry

experience Timo Sonninen VP, Sales

• 3 years at Scanfil
• 25 years of industry

experience Keijo Anttila VP, Operations

• 8 years at Scanfil
• 17 years of industry

experience Petteri Jokitalo CEO

• 8 years at Scanfil
• 26 years of industry

experience Marjo Nurkkala CFO

• 19 years at Scanfil
• 23 years of industry

experience Tomi Takanen VP, Operations

• 19 years at Scanfil
• 19 years of industry

experience Markku Kosunen CTO

• 6 years at Scanfil
• 23 years of industry

experience Mats Lundin VP, Supply Chain

• 1 year at Scanfil
• 32 years of industry

experience

16

Source: Scanfil

Long experience from operating in contract manufacturing

4

Compelling strategic rationale

SIGNIFICANT SYNERGY POTENTIAL FROM THE PARTNERTECH ACQUISITION

17

Source: Scanfil

5

• Optimised service portfolio more prepared to meet the increasingly demanding customer needs
• Improved global manufacturing and supply chain network with strong global presence
• Sharing best practices by combining the best elements of each company’s competencies, resources and processes
• More balanced client portfolio reducing customer risk
• All cash deal valued at SEK 443m or SEK 35 per share
• PartnerTech’s net debt at the time of closing SEK 287m
• The total transaction value of SEK 730m

Transaction details

INTEGRATION HIGHLIGHTS

18

Source: Scanfil

5 07/2015 Acquisition of PartnerTech 11/2015 New Global

• rganisation

01/2016 Scanfil name changed for old PartnerTech companies 2017 Process harmonization ready 08/2015 Integration project kick-off 02/2016 Common KPI:s and reporting 12/2015 New mission, vision and strategy

PartnerTech 2014 Group Electronics Systems Integration Metal Precision Sales (SEKm) 2,239 1,306 833 226 Operating profit (SEKm)

• 12(1)

61 10

• 71(1)

Operating profit %

• 0.6%(1)

4.7% 1.2%

• 31.5%(1)

Meaningful synergies

SIGNIFICANT SYNERGY POTENTIAL FROM THE PARTNERTECH ACQUISITION

19

Note: (1) Adjusted Source: Scanfil

5

• Target is to raise PartnerTech’s

adjusted operating profit to a minimum

• f 5% level in 2017 from -0.6% in

2014 (adj.)

• Management, administration
• Restructuring
• Annual cost synergies are estimated

to amount to a minimum of EUR 5m and expected to be fully reached approximately by 2017

• Management, administration
• Sourcing
• Factories overlapping
• The transaction is

expected to have a positive effect on Scanfil's EPS at the latest in 2017

OPPORTUNITIES TO GROW BY MAINTAINING THE FOCUS

20

Source: Scanfil

• Grow with customers
• Outsourcing
• Wider service scope

Existing customers

• Central Europe
• Scandinavia
• USA

New customers

• 2017-2018 =>
• We are screening the market

Acquisitions Improve global HR –processes and personnel development => one team of high performers Finalise integration Realise financial synergies and execute necessary restructuring actions to improve profitability

5

SUMMARY

21 Growing customer segments and well-diversified customer base Vertically integrated business model and a globally optimised factory network Continuous focus on operational excellence Strong performance culture Several further value creation opportunities

1 2 3 4 5

• 3. Key financials

22

23

TURNOVER AND OPERATING PROFIT

Turnover

Source: Scanfil

Operating profit and operating profit % 377 215 189 181 50 100 150 200 250 300 350 400 EURm 2015 2014 2013 2012 Turnover 14.0 11.8 8.1 7.6% 5 10 15 20 25 30 2 4 6 8 10 12 3.7% % EURm 2015 2014 16.2 2013 6.3% 2012 4.5% Operating profit % Operating profit Operating profit and operating profit % excl. non-recurring items 12.2 7.6 19.6 7.6% 6.5% 5 10 15 20 25 30 2 4 6 8 10 12 EURm 2015 % 5.2% 2014 16.4 2013 2012 4.2% Operating profit excl. NRIs Operating profit % excl. NRIs

24

CAPITAL EXPENDITURES, TRADE WORKING CAPITAL AND CASH FLOW

7 7 6 48 2 4 2% 4% 5 10 15 20 25 30 35 40 45 50 55 1 2 3 4 5 % 2013 4 2% 2012 7 EURm 2015 54 2014 8 1% Gross investments in fixed assets as a % of sales(1) Gross investments in fixed assets(1) Acquisition of shares

Note: (1) Excluding Schaltex Systems GmbH & PartnerTech AB acquisitions Note: (2) Trade working capital = Inventories + Trade receivables – Trade payables. TWC as a % of sales for 2015 calculated from PF sales incl. PartnerTech Note: (3) Calculated as net cash from operating activities less gross investments in fixed assets (excluding Schaltex Systems GmbH & PartnerTech AB acquisitions) Source: Scanfil

• 82

29 31 39 99 30 29 36

• 21
• 20
• 20

91 25% 21% 22% 21%

• 100
• 50

50 100 150 200 5 10 15 20 25 30 35 2012 39 2014 53 2015 108 2013 40 % EURm TWC as a % of sales Trade payables Trade receivables Inventories Capital expenditures Trade working capital(2) Cash flow from operations less capex(3) 6 9 9 4 1 2 3 4 5 6 7 8 9 10 2014 2013 2012 2015 EURm CF from operations less capex

25

ROI, EPS AND DPS

0.15 0.21 0.14 0.10 0.00 0.05 0.10 0.15 0.20 0.25 0.30 EUR 2015 2014 2013 2012

Source: Scanfil

Earnings per share 0.08 0.07 0.05 0.04 55% 35% 41% 0.00 0.05 0.10 0.15 0.20 0.25 0.30 10 20 30 40 50 60 % EUR 2015 2014 33% 2013 2012 Payout ratio Dividend per share Return on investment % Earnings per share Dividend per share 16.5% 2 4 6 8 10 12 14 16 18 % 2015 2014 2013 11.4% 2012 8.1% 10.2% Return on investment %

61

• 10
• 10
• 2

34% 71% 64% 58% 60%

• 2%
• 10

10 20 30 40 50 60 70

• 20
• 10

10 20 30 40 50 60 70 80 % 2015 EURm 2014

• 11%

2013

• 12%

2012

26

BALANCE SHEET METRICS

Source: Scanfil

Net debt, equity ratio and gearing Gearing Equity ratio Net debt

GUIDANCE FOR 2016 AND DIVIDEND POLICY

27

Source: Scanfil

Scanfil estimates that the turnover for 2016 will be EUR 500 - 550 million and the

• perating profit before non-

recurring items will amount to EUR 22 - 28 million.

Guidance for 2016 Dividend policy

Scanfil aims to pay dividend regularly each year. The aim is to distribute approximately one third of the Groups annual result to shareholders in the form of dividend.

Supporting materials

28

OVERVIEW OF GLOBAL ELECTRONICS ASSEMBLY MARKET

Electronics assembly market by sector

29

5.6% 2019E ~1,800 2013 ~1,300 5% 7% 5% 9% 18% 29% 27% Other Automotive Medical Industrial Consumer Communications Computer Electronics assembly market (USDbn) Contract manufacturing market (USDbn) 460 621 2019E 6.2% 2014

Source: New Venture Research – “The Worldwide EMS Market - 2015 Edition”

Total market value USD ~1,300bn (2013)

The worldwide electronics manufacturing services (EMS) market is a determining force in production of electronics products and now accounts for almost 40 percent of all assembly. While the rate of growth for outsourcing is slowing, it still represents the most desired manufacturing model for the assembly of electronics products available to OEM companies. CAGR CAGR

KEY PLAYERS IN THE GLOBAL CONTRACT MANUFACTURING INDUSTRY

30

Source: Scanfil, New Venture Research – Manufacturing Market Insider Vol. 25, No. 3, 2015

Top 50 contract manufacturers

# Company Domicile Sales (EURm) 1 Foxconn Taiwan 104,652 2 Pegatron Taiwan 22,963 3 Flextronics US 20,264 4 Jabil Circuit US 12,020 5 New Kinpo Group Taiwan 5,442 6 Sanmina US 4,846 7 Celestica Canada 4,238 8 Benchmark Electronics US 2,105 9 Shenzen Kaifa China 1,998 10 USI China 1,941 11 Plexus US 1,889 12 Venture Singapore 1,468 13 Zollner Germany 889 14 SIIX Corp. Japan 857 15 UMC Japan 778 16 Sumitronics Japan 688 17 OSI Electronics US 683 18 Integrated Micro-Electronics Philippines 602 19 Kimball Electronics Group US 599 20 Asteelflash France 590 21 Fabrinet Cayman Islands 510 22 Global Brands Manufacture Taiwan 486 23 PKC Group Finland 470 24 Scanfil Finland 461 25 Enics Switzerland 451 # Company Domicile Sales (EURm) 26 V.S. Industry Berhad Malaysia 432 27 éolane France 430 28 VIDEOTON Hungary 412 29 TT Electronics UK 410 30 Wong’s International Holdings Hong Kong 399 31 Vtech Communications Hong Kong 388 32 WKK Technology Hong Kong 384 33 Creation Technologies Canada 350 34 Hana Microelectronics Thailand 333 35 Ducommun US 316 36 Neways Electronics International Netherlands 308 37 OnCore Manufacturing US 306 38 ALL CIRCUITS France 296 39 Orient Semiconductor Electronics Taiwan 292 40 Sypris US 267 41 Computime Hong Kong 265 42 Key Tronic US 260 43 Sparton US 253 44 Di-Nikko Engineering Japan 246 45 Nippon Manufacturing Service Japan 244 46 Valuetronics Holdings Hong Kong 236 47 SMT Electronics Malaysia 231 48 Selcom Elettronica Italy 222 49 LACROIX Electronics France 221 50 Kitron Norway 209

SCANFIL’S FINANCIALS

Income statement EURm FY-13 FY-14 FY-15 Turnover 188.5 214.5 377.3 Other operating income 0.3 0.3 0.6 Change in inventories 1.2

• 0.2

4.7 Manufacturing for own use 0.0 Use of materials and supplies

• 131.0
• 144.1

Employee benefit expenses

• 27.0
• 32.1

Other operating expenses

• 15.9
• 17.6

Total expenses

• 173.8
• 193.8
• 357.9

EBITDA 16.3 20.8 24.8 Margin, % 8.6 9.7 6.6 Depreciations

• 4.4
• 4.6
• 10.8

EBIT 11.8 16.2 14.0 Margin, % 6.3 7.6 3.7 Net financials

• 0.6
• 0.3
• 0.2

Share of profit or loss of associates

• 0.6

Profit before taxes 10.6 15.9 13.8 Taxes

• 2.4
• 3.6
• 5.4

Net profit/loss 8.2 12.3 8.4 Balance sheet EURm FY-13 FY-14 FY-15 Tangible assets 28.5 27.1 45.1 Goodwill 2.2 5.9 10.9 Other intangible assets 4.1 5.0 18.5 Other non-current assets 0.3 0.3 2.4 Total non-current assets 35.1 38.4 76.9 Inventories 28.7 35.5 90.8 Trade and other receivables 33.5 40.9 105.0 Advance payments 0.1 0.0 2.2 Cash and cash equivalents 28.2 19.2 22.3 Total current assets 90.5 95.7 220.3 Assets classified as held for sale 1.5 Total assets 125.6 134.0 298.6 Shareholder’s equity 80.5 94.6 101.4 Long-term interest bearing liabilities 9.2 0.5 45.5 Other non-current liabilities 0.4 0.5 4.9 Short-term interest bearing liabilities 9.2 8.8 37.9 Trade and other payables 26.4 29.7 108.2 Liabilities of Assets classified for sale 0.7 Total liabilities and equity 125.6 134.0 298.6

31

Source: Scanfil

PARTNERTECH’S FINANCIALS

32

Balance sheet SEKm FY-13 FY-14 Q2-15 Intangible assets 132.8 124.9 124.8 Tangible assets 193.8 176.9 172.3 Financial assets 0.2 0.2 0.2 Other non-current 20 25.2 29.8 Total non-current assets 346.7 327.2 327.1 Inventories 312.7 416.4 403.5 Current receivables 444.6 527.4 555.4 Cash and cash equivalents 58.7 25.3 15.7 Total current assets 816.1 969.2 974.7 Total assets 1,162.8 1,296.4 1,301.8 Shareholders' equity 466.9 418.2 400.3 Long-term interest bearing liabilities 26.8 12.9 11.4 Long-term non-interest bearing liabilities 16.0 21.0 21.0 Current interest bearing liabilities 214.5 275.4 291.6 Current non-interest bearing liabilities 438.7 568.9 577.4 Total liabilities and equity 1,162.8 1,296.4 1,301.8

Source: PartnerTech

Income statement SEKm FY-13 FY-14 H1-14 H1-15 Turnover 2,237.1 2,238.5 1,087.2 1,304.1 COGS

• 2,113.3 -2,143.5 -1,042.5 -1,245.0

Gross profit 123.7 95.0 44.7 59.1 Margin, % 5.5 4.2 4.1 4.5 Selling expenses

• 56.0
• 57.1

Administrative expenses

• 33.5
• 49.7

Other operating revenue 5.1 9.5 Other operating expenses

• 7.7
• 41.5

Fixed costs total

• 92.1
• 138.8
• 74.8
• 66.9

EBIT 31.7

• 43.8
• 30.1
• 7.8

Margin, % 1.4

• 2.0
• 2.8
• 0.6

Net financials

• 11.9
• 8.7
• 2.4
• 4.3

Profit before taxes 19.8

• 52.5
• 32.5
• 12.1

Taxes

• 13.1
• 2.3

2.5

• 5.3

Net profit/loss 6.7

• 54.8
• 30.0
• 17.4

EBITDA 74.5 2.0

• 7.0

14.2 Margin, % 3.3 0.1

• 0.6

1.1 Depreciations

• 42.8
• 45.8
• 23.1
• 22.0

PRODUCTION FACILITIES (1/3)

• Sheet metal

mechanics

• Mechanical

assembly

• System integration
• Testing
• Personnel 257
• Floor area

26,000 m2

• Sheet metal

mechanics

• Mechanical

assembly

• System integration
• Testing
• Personnel 213
• Floor area

16,000 m2

• Sheet metal

mechanics

• Mechanical

assembly

• Cable assembly
• PCB assembly
• Busbar
• System integration
• Testing
• Personnel 613
• Floor area

16,000 m2

• Custom-specific

design

• Electromechanical

assembly of highly complex systems

• Testing
• Personnel 79
• Floor area

3,200 m2

• Cable assembly
• PCB assembly
• System integration
• Testing
• Personnel 519
• Floor area

21,000 m2

• Sheet metal

mechanics

• Mechanical

assembly

• System integration
• Testing
• Personnel 396
• Floor area

36,500 m2 Sievi Budapest Pärnu Suzhou Hangzhou Hamburg

33

Source: Scanfil

PRODUCTION FACILITIES (2/3)

• Specializes in

electronics, including PCBA, box build and prototyping

• Personnel 128
• Floor area

4,500 m2

• Specializes in

machining and can handle prototypes, small-scale production, serial production and assembly

• Personnel 119
• Floor area

11,700 m2

• Provides a broad

range of resources for prototype and serial production, as well as final assembly, testing and configuration of complete products

• Personnel 163
• Floor area

14,500 m2

• Manufacturing of

complex high-end parts for ship propulsion systems e.g. blades and hubs and impellers but also parts for hydro power plants

• Personnel 21
• Floor area

2,800 m2

• Delivery of

fabrication, steel structures and electro-mechanical assemblies for drilling, subsea and topside production

• Personnel 54
• Floor area

9,000 m2

• Development and

manufacturing of medical technology products

• In-house prototype

factory for mechanical and electronics products

• Personnel 68
• Floor area

4,200 m2 Malmö Moss Vantaa Karlskoga Åtvidaberg Karlskoga Aerodyn

34

To be closed down Sold

Source: Scanfil

PRODUCTION FACILITIES (3/3)

35

• Specialized in

system assembly, sheet metal production, powder painting and welding

• Personnel 253
• Floor area

12,000 m2 Myslowice

• Offers a complete

range of electronics manufacturing services including PCBA and box-build

• Personnel 521
• Floor area

10,000 m2 Sieradz

• Specialized in

electronics and provides a dynamic fast turnaround prototyping service and ongoing small batch manufacturing

• Personnel 57
• Floor area

3,500 m2 Cambridge

• Expertise in total

solutions for the development, material supply, production and distribution of mechatronic products

• Personnel 86
• Floor area

5,500 m2 Atlanta

• Offers a variety of

PCBA, subassemblies and box-build within electronics, as well as systems integration and mechanics

• Personnel 311
• Floor area

5800 m2 Dongguan

Negotiations started to restructure operations

Source: Scanfil

ORGANISATIONAL STRUCTURE

36

Source: Scanfil

Global customers & Business Development, VP Timo Sonninen Sourcing / Supply Chain, VP Mats Lundin Finance, CFO Marjo Nurkkala Processes, Quality, Technology, IT, Services, CTO Markku Kosunen CEO Scanfil Petteri Jokitalo Sievi Vantaa Pärnu Sieradz Budapest

Tomi Takanen VP Operations

Åtvidaberg Vellinge Myslowice Cambridge Atlanta Hamburg

Kristoffer Asklöv VP Operations

China (Suzhou) (Hangzhou) (Dongguan) (HK)

Keijo Anttila VP Operations

Karlskoga Aerodyn Moss

Christer Härkönen CEO PartnerTech

BOARD OF DIRECTORS

37

Harri Takanen

Chairman of the board since 2013 Other current positions Board member: iLOQ Oy, Jussi Capital Oy, Finelcomp Oy Previous positions CEO: Sievi Capital Oyj, Scanfil Oyj Over 20 years of industry experience

Jarkko Takanen

Member of the board since 2012 Other current positions Board member: Efore Oyj, Sievi Capital Oyj CEO: Jussi Capital Oy Over 25 years of industry experience

Christer Härkönen

Member of the board since 2014 Other current positions Board member: Voyantic Ltd, Fibox Oy Ab Previous positions SVP: Sandvik ABP SVP: Elcoteq Oyj Over 30 years of industry experience

Bengt Engström

Member of the board since 2015 Other current positions Chairman and member of board in several companies Previous positions CEO: Fujitsu Nordic AB MD: Fujitsu Sweden AB Over 20 years of industry experience

Source: Scanfil

SCANFIL’S SHARE PRICE DEVELOPMENT

38

0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 Jul 2015 Jan 2015 Jul 2014 Jan 2014 Jul 2013 Jan 2013 Jul 2012 Jan 2012 Jan 2016 EUR

Source: Nasdaq Helsinki as of 2nd March 2016

SHAREHOLDERS AS OF 29th FEB 2016

Major shareholders % Takanen Harri 16.9 Takanen Jarkko 14.3 Varikot Oy 12.6 Takanen Jorma J. 10.2 Tolonen Jonna 5.6 Pöllä Reijo 5.4 Laakkonen Mikko 4.4 Takanen Martti 3.4 Riitta & Jorma J. Takanen Foundation 3.3 Takanen Riitta 1.7 10 largest total 77.9 39 15% 76% 2% 1% 4% 2% Non-Profit Institutions Households Public Sector Institutions Financial & Insurance Institutions Corporations Foreign & Nominee Registered Shareholders by sector Total number of shares outstanding: 57,730,439 Total number of shareholders: 4,740

Source: Scanfil