SUSS MICROTEC INVESTOR PRESENTATION
May 2014
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.
TABLE OF CONTENT
I. SUSS MicroTec at a Glance
- II. Products and Markets
- III. Growth Opportunities
- IV. Enhanced Lithography Portfolio
- V. Financials
- VI. Outlook
SUSS MicroTec
- 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
- Focused on attractive growth markets: Semiconductors, MEMS and LED
- Leading market position in target markets
- SUSS MicroTec is listed in the Prime Standard of Deutsche Boerse
SUSS MICROTEC IN THE VALUE CHAIN
are produced on SUSS MicroTec's equipment
THE SEMICONDUCTOR MARKET
SUSS MICROTEC – A GLOBAL PLAYER
MAIN PRODUCTION SITES
Germany USA
Garching*
- SUSS MicroTec HQ
- Development/production:
- Mask Aligner
- Bond Aligner
- Core competencies:
- Exposure (proximity exposure)
- Alignment
Sternenfels*
- Development/production :
- Bonder
- Coater and Developer
- Photomask Equipment
- Core competencies:
- Wet processing
- Wafer bonding
Corona
- Development/production:
- Stepper/Scanner
- Laser Processing
- Core competencies:
- Exposure (UV projection)
- Laser Ablation
*Production site is owned by SUSS MicroTec
TABLE OF CONTENT
I. SUSS MicroTec at a Glance
II. Products and Markets
TECHNOLOGY EVOLUTION
~1950...today
GROWTH DRIVER SMARTPHONES AND TABLETS
Source: Yole Developpement
MICROCHIPS, MEMS UND LED: BUILDING BLOCKS FOR TECHNOLOGICAL PRODUCT ADVANCEMENT
Digital Lifestyle E-Mobility Energy Efficiency - The "Digital Lifestyle" is characterized by permanent internet connectivity and convergence of media - 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 - EVs, Hybrid-Cars, Segways, E-Bikes, but also trains drive the need for power devices and high performance Ics at the same time - 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
| Strong position in fast growing target markets |
| 3D Integration / Advanced Packaging, LED and MEMS |
Advanced Packaging Wafer level packaging and flip chip is expected to remain more robust than the overall market, primarily driven by mobile devices like smart phones and tablets
3D Integration (TSV)
Transition to production volume in the years to come
Compound Semiconductors LED, MEMS, RF, Optoelectronics, III-V Power are expected to remain robust based on smartphone and tablet growth and will drive further demand for advanced packaging solutions
Strong fundamental segment growth
SCALING TECHNOLOGIES FROM 2D TO 3D
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. Enhanced Lithography Portfolio
- V. Financials
- VI. Outlook
LITHOGRAPHY COMPETENCY
- Increasing chip performance requires the adoption of innovative lithography technologies in the semiconductor backend
- Not one single exposure technology fits all needs at the same time
- The newly acquired Stepper/Scanner products supplement our Mask Aligner product line and enlarges our technology portfolio by the key competencies UV-projection lithography and laser ablation
- SUSS MicroOptics S.A. adds key know how for critical lithography performance improvements
EXPOSURE SOLUTIONS
Only SUSS MicroTec offers complete exposure solutions for the mid-/backend
TABLE OF CONTENT
- I. SUSS MicroTec at a Glance
- II. Products and Markets
- III. Growth Opportunities
- IV. Enhanced Lithography Portfolio
V. Financials
VI. Outlook
LONG TERM BUSINESS DEVELOPMENT – KEY FIGURES
Working Capital in € million Net cash in € million
EPS in €
* Including a -13.2 € milion one-off effect from restructuring of the product line permanant bonding (-0,69 € per share)
LONG TERM BUSINESS DEVELOPMENT BY QUARTER
EBIT, FREE CASH FLOW AND NET CASH DEVELOPMENT
* one-off effect from refocusing product line permanent bonding
| in € million |
Q1 2014 |
Q1 2013 |
2013 |
2012 |
| Order Intake |
25.0 |
34.9 |
135.0 |
157.2 |
|
|
|
|
|
| Order Backlog 3/31 |
71.4 |
91.5 |
-- |
-- |
| Revenue |
39.0 |
30.1 |
134.5 |
163.8 |
| EBIT |
1.5 |
-3.3 |
-19.4 |
11.7 |
|
|
|
|
|
| EBIT in % of Sales |
3.8% |
-11.0% |
-14.4% |
7.6% |
| Earnings after tax |
1.1 |
-2.5 |
-16.0 |
9.1 |
| EPS in € |
0.06 |
-0.13 |
-0.84 |
0.40 |
|
|
|
|
|
| Net Cash* |
31.5 |
25.1 |
35.7 |
32.3 |
| Free Cash Flow** |
-4.2 |
-7.2 |
4.1 |
-4.5 |
| Employees 3/31 |
645 |
693 |
-- |
-- |
* incl. stock of interest-bearing securities
** before consideration of purchased interest-bearing securities
TABLE OF CONTENT
- I. SUSS MicroTec at a Glance
- II. Products and Markets
- III. Growth Opportunities
- IV. Enhanced Lithography Portfolio
- V. Financials
- VI. Outlook
SUMMARY AND OUTLOOK
- Successful restructuring in 2013
- Fundamental growth in target markets
- Strong competitive positioning: first or second in the target markets
- Leading equipment company in the semiconductor backend, enabling "Moore"s Law" as well as "More than Moore"
| Outlook |
FY 2014: Sales: 135 to 145 €
million
EBIT: minus 5 to 0 million € |
|
Q2 2014: Order Intake: 30 -
40 €
million |
SÜSS MicroTec AG Schleissheimer Str. 90 85748 Garching
www.suss.com
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 2014
| Annual Report 2013 |
28 Mar |
| Quarterly Report 2014 |
8 May |
| Berenberg Investment Conference Paris |
22 May |
| Deutsche Bank Investment Conference, Berlin |
12 - 13 Jun |
| Shareholders' Meeting, Haus der Bayerischen Wirtschaft, Munich |
17 Jun |
| Interim Report 2014 |
7 Aug |
| Nine-month Report 2014 |
6 Nov |
| German Equity Forum 2014, Frankfurt am Main |
24 - 26 Nov |
SHARE PRICE DEVELOPMENT AND MAJOR HOLDERS
(Price of the SUSS MicroTec Share at January 2, 2014: 6.38 € )
OUR TECHNOLOGY ENABLES SUSTAINABILITY
- SUSS MicroTec equipment is designed to efficiently use electricity and chemicals
- ReMan, the remanufacturing operation of SUSS MicroTec takes back used equipment and refurbishes it
Equipment Applications Initiatives
- 3D IC and chip scaling helps reducing energy and material consumption
- LEDs for efficient lighting solutions
- MEMS applications improve performance of mobile devices and conserve energy
- Shift to renewable energies requires more power devices and high-performance ICs (e.g. for solar and wind power systems)
-
Laser Ablation in lieu of photolithography (seed layer removal)
-
Partner company of VDMA BlueCompetence initiative, a network of equipment providers in Germany, who are following a sustainable business approach
- Innovative lighting solution in Sternenfels
- Improved climatization system of cleanrooms
- Paperless invoice system