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SÜSS MicroTec SE

Investor Presentation Mar 30, 2015

422_ip_2015-03-30_3ad56a97-a37a-4597-aa1d-47b839640d35.pdf

Investor Presentation

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SUSS MICROTEC INVESTOR PRESENTATION

March/April 2015

DISCLAIMER

This presentation contains forward-looking statements relating to the business, financial performance and earnings of SUSS MicroTec AG and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are therefore subject to risks and uncertainties, most of which are difficult to estimate and which in general are beyond the control of SUSS MicroTec AG. Consequently, actual developments as well as actual earnings and performance may differ materially from those which explicitly or implicitly assumed in the forwardlooking statements. SUSS MicroTec AG does not intend or accept any obligation to publish updates of these forward-looking statements.

I. SUSS MicroTec at a Glance

  • II. Products and Markets
  • III. Growth Opportunities
  • IV. Financials
  • V. Outlook

SUSS MICROTEC AT A GLANCE

  • A global leader in manufacturing equipment for the semiconductor mid- and backend market
  • Our equipment and process solutions create the micro structures that build and connect micro electronic devices
  • Focus on attractive growth markets: Semiconductors, MEMS and LED

Leading market position in target markets

Key figures 2014:

  • Order Entry € 134.3 million
  • Sales € 145.3 million
  • Employees: 659

SUSS MICROTEC IN THE VALUE CHAIN

are produced on SUSS MicroTec's equipment

SUSS MICROTEC – A GLOBAL PLAYER

MAIN PRODUCTION SITES

7 SUSS MicroTec Investor Presentation

I. SUSS MicroTec at a Glance

II. Products and Markets

  • III. Growth Opportunities
  • IV. Financials
  • V. Outlook

* EBIT Segment Others: -4.5 € million

  • I. SUSS MicroTec at a Glance
  • II. Products and Markets
  • III. Growth Opportunities
  • IV. Financials
  • V. Outlook
+
The "Digital Lifestyle" is characterized by permanent
internet connectivity and convergence of media
+
Digital Lifestyle
Mobile devices like smartphones and tablet PCs provide
this capability at affordable cost
+
New device generations
offer higher functionality
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- --
+
Alternative transportation / mobility solutions are getting
more traction with attractive price / performance ratios
E-Mobility +
EVs, Hybrid-Cars, Segways, E-Bikes, but also
trains drive the need for power devices and high
performance Ics at the same time
Energy
Efficiency
+
Increased environmental awareness and rising energy
cost drive the demand for energy efficient solutions i.e.
solid state lighting
+
Energy efficiency in industrial production
+
Smart energy management in household applications
2D Packaging 2.5D Packaging 3D Integration (TSV)
-
Increased performance and
complexity of ICs by shrinking
transistor geometry
according
to Moore's Law
-
New technologies like EUV and
multiple pattering allow further
scaling
-
Technical challenges and
limitations make it increasingly
more difficult and expensive to
reduce the feature size
-
Combining of several (and
heterogeneous) semiconductor
components on an interposer
addresses limitations of
traditional shrinking
-
Increased packaging density
-
Reduced footprint
-
Complementary technology to
Moore's Law
-
The extension beyond the
conventional shrink roadmap
is called "More than Moore"
-
Packaging becomes key
enabler for scaling and some
manufacturing value is shifting
from silicon to the package
-
Performance and complexity
increase combined with
smaller footprint
-
Reduced energy consumption

SUSS MicroTec's equipment and process solutions enable 2D shrinking ("Moore's Law") and 3D stacking ("More than Moore")

  • I. SUSS MicroTec at a Glance
  • II. Products and Markets
  • III. Growth Opportunities
  • IV. Financials
  • V. Outlook

Order Entry in € million Sales in € million

Order backlog in € million

Free Cash Flow in € million

Net cash in € million

EBIT in € million

* Including a -13.2 € milion one-off effect from restructuring of the product line permanant bonding (-0,69 € per share)

Order Entry in € million Sales in € million

Order backlog in € million

Free Cash Flow EBIT in € million in € million

Net cash in € million

* Including a -13.2 € milion one-off effect from restructuring of the product line permanant bonding (-0,69 € per share)

in € million 2014 2013 in %
Order Intake 134.3 135.0 -0.5%
Order Backlog 12/31 75.6 85.7 -11.8%
Revenue 145.3 134.5 +8.1%
EBIT 8.4 -19.4 --
EBIT in % of Sales 5.8% -14.4% --
Earnings after tax 8.2 -16.0 --
EPS in € 0.24 -0.84 --
Net Cash* 38.0 35.7 +6.4%
Free Cash Flow** 2.1 4.1 -48.8%
Employees 12/31 659 655 -0.6%

* incl. stock of interest-bearing securities

**before consideration of purchased interest-bearing securities

  • I. SUSS MicroTec at a Glance
  • II. Products and Markets
  • III. Growth Opportunities
  • IV. Financials
  • V. Outlook
Lithography Mask Aligner and Coaters /Developers:
Current and expected sales level around 80 –
90 €
million per year
UV Projection Scanners and Laser Ablation Steppers:
Current annual sales at around 10 €
million
Photomask
Equipment
Stable sales level at around 20 €
million per year
Substrate
Bonders
Permanent Bonding and Temporary Bonding:
Expected sales level of the division: 15 –
20 €
million
Guidance FY 2015:
Sales: 130 to 140 €
million
EBIT:
break-even
Q1 2015:
Order Intake: 25 -
35 €
million

Business Environment/Targets

  • Enabling "Moore's Law" and "More than Moore"
  • Fundamental growth in target markets
  • Leveraging the existing technologies and core competencies into products
  • Grow revenue in the Lithography segment and bring the core business back to its former strength
  • Position SUSS MicroTec Photonic systems tools in the market and grow revenue
  • Generate a positive EBIT in the Substrate Bonder Division

Balance Sheet and P&L

  • (Maintain) tight cost structure
  • Strong financial position and positive free cash flow
  • Equity ratio > 60%
  • Target gross margins: short-term 33 – 35% medium-term >35%
  • Medium-term EBIT-margin of 5%+

SÜSS MicroTec AG Schleissheimer Str. 90 85748 Garching

www.suss.com

Management Board
Michael Knopp, CFO (Speaker)
Walter Braun, COO
Finance, Tax, Legal, HR, IT,
Sales, Service & Marketing,
Strategy, Investor Relations
Operations, Quality, Supply Chain
Management, R & D, Patents,
Environmental Protection, Work
Safety, Strategy
Divisions
Lithography Photomask Equipment Bonder

Sales & Service Europe, USA, Japan, China, Taiwan, Singapore, Korea

Franka Schielke

Tel.: +49 (0) 89-32007- 161 Fax.: +49 (0) 89-32007- 451 Email: [email protected]

SÜSS MicroTec AG Schleissheimer Strasse 90 85748 Garching (Munich) Germany www.suss.com

Contact Financial Calendar 2015

KeplerCheuvreux Investment Conference, Frankfurt 19 Jan
Annual Report 2014 30 Mar
Quarterly Report 2015 8 May
Annual General Meeting 2015, Munich 2 Jun
Interim Report 2015 6 Aug
Nine-month Report 2015 5 Nov

SHARE PRICE DEVELOPMENT AND MAJOR HOLDERS

(Price of the SUSS MicroTec Share at January 2, 2014: 6.38 € )

Major Shareholders: Henderson 5.13% Universal 5.04% ING Invest 3.42% Sycomore 3.14% Baillie Gifford 3.00%

Average daily trading volume January 2014 – March 2015: ~ 121,000

LONG TERM BUSINESS DEVELOPMENT BY QUARTER

EBIT, FREE CASH FLOW AND NET CASH DEVELOPMENT

* one-off effect from restructuring the product line permanent bonding

THE SEMICONDUCTOR MARKET

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