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Successful turnaround and transformationInvestora 2017 - Cicor Technologies Ltd.

Alexander Hagemann (CEO) & Patric Schoch (CFO)

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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 GroupSpeakers

Alexander Hagemann, CEO Cicor GroupAlexander Hagemann joined the Cicor Group as Chief Executive Officer in September 2016. 2007 - 2016 he was with Schaffner Group as Chief Executive Officer. Prior to that he held a number of management positions with the Schott Group, including Executive Vice President, Optics for Devices; preceded by various management roles in the area of production and logistics at BMW. He is Chairman of WICOR Holding AG and Member of the Executive Board of the Swiss-Asian Chamber of Commerce in Zurich, Switzerland.

Patric Schoch, CFO Cicor GroupMr. Patric Schoch joined the Cicor Group as Interim Chief Financial Officer on July 2012 and was nominated as the Chief Financial Officer in April 2013. He was also Acting Chief Executive Officer of the Cicor Group from December 2012 to June 1st, 2015. Prior to working for Cicor, Patric Schoch was working in international Finance positions at OC Oerlikon, Clariant and ABB.

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Introduction

Cicor Technologies Ltd.

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At a glanceThe Cicor Group – Your Technology Partner

§ Engineering and manufacturing partner for advanced electronics§ Developing synergies between our businesses:

§ AMS Division: Leadership in substrate technologies and microelectronics§ ES Division: Electronic solutions, from engineering to production and after-sales

§ Creating value through market focus, differentiation, execution§ Expect above CHF 200 million 2017 sales§ 1,900 employees worldwide

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Application examplesSubstrates and solutions for advanced electronics

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§ Hearing aids§ Neuro-stimulators§ Cardiac imaging§ Breast pumps§ …

§ Digital printing§ Human-machine interfaces§ Machine control§ Sensors and sensor control§ …

Intraocular pressuresensor implant

Back training device Portable mini labVacuum gauge controller

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Selected customers in focus marketsA broad customer base of industry leaders

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Cicor's global footprintA network of competitive high-tech sites

SwitzerlandBoudryBronschhofenWangs

GermanyRadebergUlm

RomaniaArad

ChinaSuzhou

Sales offices

Operating sitesEngineeringPrinted Circuit Boards (PCB)MicroelectronicsPCB assemblyBox buildingPlastic injection moldingTooling

VietnamThuan An Town

SingaporeSingapore

IndonesiaBatam

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Restructuring into a more agile organizationTransformation of Cicor (1/4)

§ Eliminated one management layer for increased customer focus and decision making speed

§ Reduced group management positions from 4 to 2

§ Eliminated non-value adding positions

§ Fully committed and engaged anchor shareholder

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Structure of Cicor operating units before and after restructuring

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Footprint optimizationTransformation of Cicor (2/4)

§ From 7 to 3 sites in Switzerland:§ Consolidation of PCB production to Boudry NE§ New HQ and production site in Bronschhofen SG – improving processes and productivity

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

§ Manufacturing growth focused on better cost countries (Romania, Indonesia)

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Cicor in Romania – a success story since 2001Transformation of Cicor (3/4)

§ Room to grow production to almost double from today§ Construction started in August 2017, move of operations in H2/2018§ Investing a high single-digit million Euro amount§ Cost savings from 2019 onwards

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First results in operational excellenceTransformation of Cicor (4/4)

§ Jump in productivity: 16% improvement of sales per employee in H1/2017§ Higher manufacturing yields by increased process stability§ Better machine productivity by improved overall equipment efficiency (OEE)§ Lean conversion as ultimate goal to optimize productivity, space, NWC

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Printed circuit board production (Boudry, Switzerland) Electronics assembly (Arad, Romania)

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Cicor Technologies Ltd.

Comments on H1/2017

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Progress in many areas in H1/2017Cicor is on track

§ High sales growth of 17.3% year-on-year beating our expectations§ Continued momentum from new orders with a book-to-bill ratio of 1.10§ Broad-based growth: more than two dozen major new orders (> CHF 1m)

reported from all served markets and operating units § Successful and dramatic turnaround of AMS division§ New syndicated loan secured

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Turnaround accomplishedAMS Division

§ Highest operating margin (EBITDA) since 2008, 13 percentage points improved over PY

§ All sites improved and contributed to the turnaround§ Growing again with medical, industrial and aerospace applications

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Continued growthES Division

§ Record sales and operating margin (EBITDA)§ Focus on operational excellence shows first results§ Good capacity utilization across largest factories§ Manage component shortages and capacity constraints

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All figures in CHF million at actual FX ratesSuccessful turnaround of AMS in H1/2017

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8.6%9.7%9.2%

0%

2%

4%

6%

8%

10%

150

50

100

200

250

0

93

97

109

H1/2017

189

2013 2014 2015 2016

190 6.7%

94

96

202

103

100

181

92

89

6.7%

EBITDA% (before restructuring)Sales H2Sales H1

Total Cicor Group8.6%

7.9%7.1%9.6%9.1%

0%

2%

4%

6%

8%

10%

100

150

0

50

125

75

25

131

2014

66

66

75

2013

71

146131

63

H1/20172016

85

68

147

75

2015

71

ES Division

15.0%

0%

5%

10%

15%

20%

40

10

3020

50

0

60 57

13.3%

28

29

2013

59

13.1%

31

28

H1/2017

24

2016

43

6.0%

22

21

2015

50

9.9%

26

23

2014

AMS Division

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H2/2017

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Outlook and summary

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H2/2017Outlook

§ Continued positive momentum from high order intake in H1/2017§ Increased top-line guidance to «approximately 10%» sales growth§ Unchanged guidance for EBIT margin: «Expect to reach the good results of

2013 and 2014»

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Moving forward after turnaround and transformationReasons for investing in Cicor

§ Market trends in electronics support Cicor’s long-term growth:§ Progress in medical technology (diabetes care, digital imaging, body monitoring, …)

§ Miniaturization, e.g. in sensor technology§ “Always on” and connected devices: IoT, industry 4.0, wearables

§ Clear profile and differentiating substrate technology platform:§ Focus on growth markets (medical, industrial, aerospace), small complementary portion of

“red sea” markets (IT, mobile devices, automotive) § Leadership in substrate technology supports market trends (DenciTec, thin film and

microelectronics)

§ Strong technology support close to the customer combined with a highly efficient and cost competitive manufacturing footprint

§ Focus on execution and capital efficiency:§ Relentless drive for operational excellence and capital efficiency: NWC reduction and ROI

improvements on fixed assets§ Development of Cicor’s footprint to increase the share of production in better cost countries§ Regained FCF generation and capital efficiency allow for active market consolidation to

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Investor RelationsAgenda 2018 and contacts

Agenda 2018Annual report 2017: March 2018Annual shareholder’s meeting: 19 April 2018Interim report 2018: August 2018

Investor Relations ContactsCicor Management AGAlexander Hagemann (CEO) and Patric Schoch (CFO)Gebenloostrasse 159552 Bronschhofen, SwitzerlandPhone: +41 71 913 73 00info@cicor.com

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www.cicor.com

Thank you for your attention.