BE Semiconductor Industries N.V. — Earnings Release 2009

Feb 25, 2010

PRESS RELEASE

Continued Quarterly Revenue and Order Growth and Execution of Strategic Agenda

Duiven, the Netherlands, 25 February 2010 - BE Semiconductor Industries N.V. ("the Company" or "Besi") (Euronext: BESI), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the fourth quarter and year ended December 31, 2009.

Key Highlights

• Q4-2009 revenue and orders up 9.2% and 11.9%, respectively, vs. Q3-2009 as industry recovery continues
• 2009 revenue of € 147.9 million roughly equal to 2008 as revenue from Esec acquisition offset negative impact of industry downturn earlier in year
• Backlog up 13.6% vs. Q3-2009. Year end 2009 backlog more than double year-end 2008 level
• Continued reduction in quarterly adjusted net losses (€ 3.8 million in Q4 vs. € 6.0 million in Q3-2009)
• Net income of € 5.4 million in 2009 primarily due to € 41.2 million badwill gain
• Q1-2010 Outlook: Revenue equal to Q4-2009. Adjusted net losses continue to decline. Restructuring charges of € 5-6 million anticipated as per December 2009 plan

	Q4-	Q3-
(€ millions)	2009	2009	Δ	2009a	2008	Δ
Revenue	53.2	48.7	9.2%	147.9	149.4	(1.0%)
Operating income (loss)	(13.0)	(1.6)	NM	8.3	(28.1)	NM
Net income (loss)	(13.5)	(3.2)	NM	5.4	(33.5)	NM
Adjusted net income (loss)b	(3.8)	(6.0)	NM	(28.0)	(4.1)	NM
Orders	59.2	52.9	11.9%	162.5	126.3	28.7%
Backlog	51.0	44.9	13.6%	51.0	25.3	101.6%
Cash flow (deficit) from
operations	7.4	(0.8)	NM	(3.9)	23.4	(116.7%)
Cash	73.1	68.0	7.5%	73.1	74.0	(1.2%)
Total Debt	53.5	53.7	(0.4%)	53.5	61.6	(13.1%)

a) Includes Esec results as of April 1, 2009.

b) See accompanying tables for an analysis of Besi's fourth quarter and full year 2009 income statements before acquisition, restructuring and other adjustments. Includes Esec results as of April 1, 2009.

Richard W. Blickman, President and Chief Executive Officer of Besi, commented: "In 2009, we successfully navigated one of the most challenging years for our industry as a result of our cost reduction efforts, balance sheet strength and ability to capitalize on a strategic acquisition opportunity. The year was characterized by semi-annual periods that differed greatly due to an industry upturn beginning in the second quarter of 2009 in parallel with our purchase of Esec. As such, our second half orders and revenue more than doubled as compared to the first half of the year.

We remained highly focused on executing our business strategy this year. We acquired Esec, developed next generation systems to aid revenue growth in 2010 and executed restructuring activities to reduce break-even cost levels and support our Asian production strategy. In addition, we laid the groundwork for cost savings in 2010 and 2011 by means of a December 2009 headcount reduction plan targeting € 8.5 million of annualized cost savings and a realignment of our packaging systems business to improve portfolio returns.

In combination with improved industry conditions, we were able to reduce our adjusted net loss in each quarter of 2009 as a result of our cost reduction and Esec integration efforts. We seek to capitalize on a positive industry outlook next year combined with ongoing overhead reduction and changes to our organizational structure to restore profitability."

2009 Strategic Developments

We undertook a series of actions in 2009 to advance our strategic initiatives, accelerate revenue growth and reduce our cost structure including:

• Acquisition of Esec: Our purchase of Esec significantly increased the market share of our die bonding business, one of the fastest growing segments of the assembly market. It also further advanced our product strategy into the mainstream assembly equipment market. In addition, the acquisition enabled us to leverage the upside revenue potential of an emerging industry recovery in 2009 and promises opportunities for profit growth through organizational synergies.
• Development of New Products: We developed next generation singulation and die sorting systems for array connect and wafer level packaging applications and a new foil assisted molding system in 2009 that should aid revenue growth in 2010.
• Execution of Restructuring Objectives: 2009 achievements include the
• o realization of € 15 million targeted annualized cost savings,
• o reduction of combined headcount (including Esec) by 18% since December 31, 2008,
• o sale of our Hungarian die bonding operations and its production transfer to Malaysia,
• o rationalization of our Meco plating unit,
• o establishment of a 10% headcount reduction plan in December 2009 targeting € 8.5 million of annualized cost savings by 2011 and a realignment of our packaging systems business to improve returns of the product portfolio.

Fourth Quarter Results of Operations

Besi's € 4.5 million (9.2%) revenue increase in the fourth quarter of 2009 as compared to the third quarter of 2009 was broad based across its assembly product portfolio reflecting improved market conditions and higher than anticipated order levels, a portion of which were shipped during the quarter. The increase was above prior guidance (flat sequentially).

Orders for the fourth quarter of 2009 were € 59.2 million, an increase of € 6.3 million as compared to the third quarter of 2009 and € 41.0 million, or 225.3%, as compared to the fourth quarter of 2008. The sequential 11.9% increase in fourth quarter 2009 orders was primarily related to increased die bonding and packaging equipment bookings as the industry recovery continued and extended to back end assembly applications. On a customer basis, bookings in the fourth quarter of 2009 as compared to the third quarter of 2009 reflected a € 9.3 million (50.5%) increase by IDMs partially offset by a € 3.0 million (8.7%) decrease by subcontractors. Backlog at December 31, 2009 increased by € 6.1 million (13.6%) to € 51.0 million as compared to € 44.9 million at September 30, 2009, of which approximately 36% and 64% of backlog at December 31, 2009 was represented by array connect and leadframe assembly applications, respectively.

Besi's gross margin for the fourth quarter of 2009 was 20.1% as compared to 34.0% in the third quarter of 2009 and 27.1% in the fourth quarter of 2008. Besi's gross margin in the fourth quarter of 2009 was adversely affected by € 5.4 million (10.2 points) of non-cash inventory write-downs associated with the realignment of our packaging equipment portfolio. Excluding such charges, our adjusted gross margin was 30.3% in the fourth quarter of 2009 (prior guidance of 30-32%) as compared to 26.9% in the third quarter of 2009 primarily due to increased sales volume and higher die bonding systems margins.

Besi's total operating expenses were € 23.9 million in the fourth quarter of 2009 as compared to € 18.3 million in the third quarter of 2009 and € 36.6 million in the fourth quarter of 2008. The increase in fourth quarter sequential operating expenses was due to € 4.4 million of restructuring charges primarily related to the value of remaining lease obligations for excess production capacity at its Dutch facilities and severance costs. Excluding restructuring charges, operating expenses in the fourth quarter of 2009 were € 2.0 million higher than the third quarter of 2009 and prior guidance (€ 17.4 million) primarily due to (i) one-time costs related to the closure of a Datacon facility and the write-off of capitalized development costs and (ii) higher than anticipated warranty and Esec IT integration expenses. In the fourth quarter of 2009, we capitalized € 2.1 million of development expenses as compared to € 1.7 million in the third quarter of 2009.

Full Year Results of Operations

Besi's results of operations for the full year 2009 include our Esec subsidiary which was acquired on April 1, 2009. Besi's revenue in 2009 was € 147.9 million as compared to € 149.4 million in 2008 as revenue from the Esec acquisition substantially offset the negative impact of the semiconductor industry downturn in the first half

of the year. Orders for 2009 were € 162.5 million, an increase of 28.7% as compared to 2008 due primarily to the second half market recovery and the addition of new die bonding and wire bonding products to our product portfolio as a result of the Esec purchase. For 2009, we recorded net income of € 5.4 million (or € 0.16 per share) due to a one-time badwill gain related to the Esec transaction as compared to a net loss of € 33.6 million (or (€ 1.09) per share) for 2008. Excluding all adjustments, we had a net loss for 2009 of € 28.0 million or (€ 0.85) per share as compared to a net loss of € 4.1 million or (€ 0.13 per share) in 2008. In 2009, Dragon cost reduction efforts partially offset the impact of operating losses caused by the industry downturn and the absorption of operating losses generated by our Esec subsidiary from its date of acquisition.

Our quarterly financial performance has improved significantly during 2009 due to improved industry conditions, the acquisition of Esec on April 1, 2009 and benefits from our Dragon II and Esec integration efforts. Set forth below is a summary of Besi's quarterly pro forma combined revenue, adjusted net loss and backlog for 2009 as if the Esec acquisition had occurred on January 1, 2009.

ProForma (€ millions)	Q1 2009	Q2 2009	Q3 2009	Q4 2009
Revenue	21.1	30.5	48.7	53.2
Adjusted net loss	(19.2)	(10.9)	(6.0)	(3.8)
Backlog	33.6	40.7	44.9	51.0

Financial Condition

Our cash and cash equivalents were € 73.1 million at December 31, 2009 as compared to € 68.0 million at September 30, 2009. The increase in sequential quarterly cash was due to a cash surplus from operations of € 7.4 million primarily as a result of lower inventory levels and receivable days outstanding and higher payables and accrued liabilities partially offset by (i) debt reduction of € 0.2 million, (ii) funding for capitalized development costs of € 2.1 million and (iii) capital expenditures of € 0.7 million. At December 31, 2009, we had € 53.5 million of cash and cash equivalents in excess of bank borrowings and capital lease obligations and net cash and cash equivalents of € 19.7 million.

Outlook

At present, industry analysts have a positive outlook for 2010. VLSI, a leading independent industry analyst, expects growth of 43% for the semiconductor assembly equipment market this year. From our perspective, we have experienced broad based growth across our entire system portfolio in the third and fourth quarters of 2009 consistent with the global economic recovery. However, we remain cautious about the duration and extent of this industry upturn and growth projections for the full year given the headwinds currently confronting the global economy.

Based on our December 31, 2009 backlog and feedback from customers, we forecast for Q1-2010 that:

• Revenue will be approximately equal to the € 53.2 million achieved in Q4-2009
• Gross margins (excluding restructuring charges) will range between 31-33% as compared to an adjusted gross margin of 30.3% realized in Q4-2009
• Operating expenses (excluding restructuring charges) will decrease to approximately € 17.5 million as compared to € 19.4 million reported in Q4-2009
• Capital expenditures will be approximately € 1.5 million

As a result, we anticipate that our adjusted net loss will continue to reduce sequentially in Q1-2010 as compared to Q4-2009 (excluding restructuring charges). In connection with our December 2009 headcount reduction plan, we anticipate incurring restructuring charges of € 5-6 million in Q1-2010, which represents substantially all of the remaining costs associated with such plan. Besi also expects that its net cash position in Q1-2010 will decline in comparison to Q4-2009 as a result of cash required to finance higher inventory levels and a reduction of payable levels outstanding.

Investor and media conference call

A conference call and webcast for investors and media will be held today at 4 p.m. CET (10 a.m. New York time). The dial-in for the conference call is (31) 10 29 44 228. To access the audio webcast, please visit www.besi.com.

Important Investor Relations Dates

• Annual General Meeting of Shareholders April 29, 2010
• Publication Q1 results April 29, 2010
• Publication Q2 / semi-annual results July 27, 2010
• Publication Q3 / nine month results October 28, 2010
• Publication Q4 / full year results February 2011

About Besi

BE Semiconductor Industries N.V. ("Besi") is a leading supplier of semiconductor assembly equipment for the global semiconductor and electronics industries. The Company develops leading edge assembly processes and equipment for leadframe, array connect and wafer level packaging applications in a wide range of end-use markets including electronics, computer, automotive, industrial, RFID, LED and solar energy. Customers are primarily leading semiconductor manufacturers, assembly subcontractors and electronics and industrial companies. Besi's ordinary shares are listed on NYSE Euronext Amsterdam (symbol: BESI) and its headquarters are located in Duiven, the Netherlands. For more information, please visit our website at www.besi.com.

Contacts:

Richard W. Blickman Jan Willem Ruinemans President & CEO Chief Financial Officer Tel. (31) 26 319 4500 Tel. (31) 26 319 4500

investor.relations@besi.com investor.relations@besi.com

European IR contact:

Uneke Dekkers/Frank Jansen Citigate First Financial Tel. (31) 20 575 4021 / 24

Caution Concerning Forward Looking Statements

This press release contains statements about management's future expectations, plans and prospects of our business that constitute forward-looking statements, which are found in various places throughout the press release, including , but not limited to, statements relating to expectations of orders, net sales, product shipments, backlog, expenses, timing of purchases of assembly equipment by customers, gross margins, operating results and capital expenditures. The use of words such as "anticipate", "estimate", "expect", "can", "intend", "believes", "may", "plan", "predict", "project", "forecast", "will", "would", and similar expressions are intended to identify forward looking statements, although not all forward looking statements contain these identifying words. The financial guidance set forth under the heading "Outlook" constitute forward looking statements. While these forward looking statements represent our judgments and expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from those contained in forward looking statements, including our inability to maintain continued demand for our products, the impact of the worldwide economic downturn on our business, failure of anticipated orders to materialize or postponement or cancellation of orders, generally without charges; the volatility in the demand for semiconductors and our products and services; failure to adequately decrease costs and expenses as revenues decline, loss of significant customers, lengthening of the sales cycle, incurring additional restructuring charges in the future, acts of terrorism and violence; risks, such as changes in trade regulations, currency fluctuations, political instability and war, associated with substantial foreign customers, suppliers and foreign manufacturing operations; potential instability in foreign capital markets; the risk of failure to successfully manage our diverse operations; those additional risk factors set forth in Besi's annual report for the year ended December 31, 2008 and other key factors that could adversely affect our businesses and financial performance contained in our filings and reports, including our statutory consolidated statements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

Consolidated Statements of Operations

(euro in thousands, except share and per share data)

		Three Months Ended	Year Ended
		December 31,		December 31,
		(unaudited)		(unaudited)
	2009	2008	2009	2008
Revenue	53,168	30,564	147,891	149,399
Cost of sales	42,459	22,275	107,111	99,514
Gross profit	10,709	8,289	40,780	49,885
Acquisition gain	175	-	41,532	-
Selling, general and administrative expenses	18,592	12,927	54,074	41,755
Research and development expenses	5,150	3,515	19,766	16,073
Impairment charges	185	20,200	185	20,200
Total operating expenses	23,927	36,641	74,025	78,028
Operating income (loss)	(13,043)	(28,352)	8,287	(28,143)
Financial expense, net	(358)	(671)	(3,350)	(503)
Income (loss) before taxes	(13,401)	(29,023)	4,937	(28,646)
Income tax expense (benefit)	76	4,953	(461)	4,822
Net income (loss)	(13,477)	(33,976)	5,398	(33,468)
Net income (loss) per share – basic Net income (loss) per share – diluteda	(0.40) (0.40)	(1.10) (1.10)	0.16 0.16	(1.09) (1.09)
Number of shares used in computing per share amounts: - basic - diluteda	33,631,311 33,631,311	30,780,311 30,780,311	32,930,523 33,286,878	30,740,487 30,740,487

a The calculation of the diluted income (loss) per share does not assume conversion of the Company's 5.5% convertible notes due 2012 as such conversion would have an anti-dilutive effect (7,082,927 ordinary shares).

Consolidated Statements of Operations

For the Three Months Ended December 31, 2009 Excluding Acquisition, Restructuring and Other Adjustments

(For Analysis Purposes Only)

(Euro in thousands, except share and per share data)

	Three Months Ended December 31, 2009
	As reported	Adjustments	As Adjusted
Revenue	53,168	-	53,168
Cost of sales	42,459	(5,400)a	37,059
Gross profit	10,709	5,400	16,109
Other Income	175	(175)b	-
Selling, general and administrative expenses	18,592	(4,375)c	14,217
Research and development expenses	5,150	-	5,150
Impairment charges	185	(185)d	-
Total operating expenses	23,927	(4,560)	19,367
Operating income (loss)	(13,043)	9,785	(3,258)
Financial expenses, net	(358)	-	(358)
Income (loss) before taxes	(13,401)	9,785	(3,616)
Income tax expense (benefit)	76	120	196
Net income (loss) before minority interest	(13,477)	9,665	(3,812)
Net income (loss) per share – basic	(0.40)	0.29	(0.11)
Net income (loss) per share – diluted	(0.40)	0.29	(0.11)
Number of shares used in computing per
share amounts: - basic	33,631,311	33,631,311	33,631,311
- dilutede	33,631,311	33,631,311	33,631,311

a Includes € 5.4 million of non-cash inventory write-downs associated with the realignment of Besi's packaging equipment portfolio. b

Gain related to the sale of Datacon's Hungarian operations.

c Restructuring charges primarily related to the value of remaining lease obligations for excess production capacity at Besi's Dutch facilities and severance costs associated with the December 2009 headcount reduction plan. d

Write-off of capitalized research & development costs

e The calculation of the diluted income (loss) per share does not assume conversion of the Company's 5.5% outstanding convertible notes due 2012 as such conversion would have an anti-dilutive effect (7,082,927 ordinary shares).

Consolidated Statements of Operations

For the Year Ended December 31, 2009 Excluding Acquisition, Restructuring and Other Adjustments (For Analysis Purposes Only)

(Euro in thousands, except share and per share data)

	Year Ended December 31, 2009
	As Reported	Adjustments	As Adjusted
Revenue	147,891	-	147,891
Cost of sales	107,111	(997) a	106,114
Gross profit	40,780	997	41,777
Acquisition gain	41,532	(41,532) b	-
Selling, general and administrative expenses	54,074	(7,185) c	46,889
Research and development expenses	19,766	(212)	19,554
Impairment charges	185	(185)d	-
Total operating expenses	74,025	(7,582)	66,443
Operating income (loss)	8,287	(32,953)	(24,666)
Financial expenses, net	(3,350)	-	(3,350)
Income (loss) before taxes	4,937	(32,953)	(28,016)
Income tax expense (benefit)	(461)	450	(11)
Net income (loss) before minority interest	5,398	(33,403)	(28,005)
Net income (loss) per share – basic	0.16	(1.01)	(0.85)
Net income (loss) per share – dilutedd	0.16	(1.01)	(0.85)
Number of shares used in computing per
share amounts: - basic	32,930,523	32,930,523	32,930,523
- dilutede	33,286,878	32,930,523	32,930,523

a Includes € 5.2 million gain on settlement of certain Esec purchase obligations, € 5.4 million non-cash inventory write-downs, € 0.7 million Dragon related restructuring charges and Esec purchase accounting adjustment (€ 0.1 million). b

Gain from badwill related to Esec acquisition and other income related to sale of Hungarian die bonding operations.

c Includes restructuring charges of € 7.2 million, net, related to (i) the value of remaining lease obligations for excess production capacity

at Besi's Dutch facilities, (ii) the sale of its Hungarian operations, (iii) Dragon II charges and (iv) other severance charges. ^d Write-off of capitalized research & development costs ^e

The calculation of the diluted income (loss) per share does not assume conversion of the Company's 5.5% outstanding convertible notes due 2012 as such conversion would have an anti-dilutive effect (7,082,927 ordinary shares).

Consolidated Statements of Operations For the Year Ended December 31, 2008 Excluding Acquisition, Restructuring and Other Adjustments (For Analysis Purposes Only)

(euro in thousands, except share and per share data)

	Year Ended December 31, 2008
	As reported	Charges*	As Adjusted
Revenue	149,399	-	149,399
Cost of sales	99,514	314(a)	99,200
Gross profit	49,885	314	50,199
Selling, general and administrative expenses	41,755	3,835(b)	37,920
Research and development expenses	16,073	75(c)	15,998
Impairment charges	20,200	20,200(d)	-
Total operating expenses	78,028	24,110	53,918
Operating income (loss)	(28,143)	24,424	(3,719)
Financial expenses, net	(503)	(1,373) (e)	(1,876)
Income (loss) before taxes	(28,646)	23,051	(5,595)
Income tax expense (benefit)	4,822	6,279(f)	(1,457)
Net income (loss) before minority interest	(33,468)	29,330	(4,138)
Net income (loss) per share – basic Net income (loss) per share – diluted	(1.09) (1.09)	0.95 0.95	(0.13) (0.13)
Number of shares used in computing per share amounts:
- basic	30,740,487	30,740,487	30,740,487
- diluted (g)	30,740,487	30,740,487	30,740,487

* Charges include restructuring, impairment of goodwill, write down of deferred tax assets and gain on repurchase of portion of Convertible Notes outstanding.

(a) Adjustments to cost of sales include severance and social charges of € 0.3 million related to the restructuring of Besi's Meco

business unit. (b) Adjustments to selling, general and administrative expenses include severance and social charges of € 1.0 million, mainly related to the restructuring of Besi's Meco business unit as well as € 1.8 million for consulting expenses in connection with the

Dragon II plan and € 1.0 million related to the closing of Besi's Hungarian operations. (c) Adjustments to research and development expenses include € 0.1 million of severance and social charges related to the

restructuring of Besi's Meco business unit. (d) Impairment charges include an amount of € 19.7 million related to the write down of goodwill related to the acquisition of Datacon and € 0.5 million related to the write down of goodwill at Fico in connection with the acquisition of the singulation product line. (e) Includes gain on repurchase of € 9.7 million principal amount of Besi's 5.5% Convertible Notes at a discount. (f) Write down of deferred tax assets of € 7.0 million related to Besi's Dutch subsidiaries as well as tax effect on restructuring

charges (g) The calculation of diluted income (loss) per share does not assume conversion of the Company's 5.5% outstanding Convertible

Notes due 2012 into 7,082,927 ordinary shares, which would have an anti-dilutive effect.

Consolidated Balance Sheets

(euro in thousands)	December	September	June 30,	March 31,	December
	31, 2009	30, 2009	2009	2009	31, 2008
	(unaudited)	(unaudited)	(unaudited)	(unaudited)	(audited)
ASSETS
Cash and cash equivalents	73,125	67,995	72,200	59,246	74,008
Accounts receivable	36,341	35,422	25,598	17,303	23,824
Inventories	55,133	62,927	67,502	44,969	47,053
Income tax receivable	487	504	519	598	598
Other current assets	7,714	7,858	12,070	5,688	5,773
Total current assets	172,800	174,706	177,889	127,804	151,256
Property, plant and equipment	24,312	25,103	26,815	26,204	27,307
Goodwill	43,162	43,057	43,318	43,766	43,394
Other intangible assets	19,696	18,637	17,233	13,482	12,965
Deferred tax assets	8,429	8,135	7,982	6,660	5,677
Other non-current assets	1,141	2,493	2,460	2,464	2,280
Total non-current assets	96,740	97,425	97,808	92,576	91,623
Total assets	269,540	272,131	275,697	220,380	242,879
Notes payable to banks Current portion of long-term debt and	13,908	13,063	13,413	14,712	16,711
financial leases	1,911	3,389	3,148	3,270	4,591
Accounts payable	27,290	21,183	11,942	6,044	11,028
Accrued liabilities	30,247	25,601	34,459	17,806	20,699
Total current liabilities	73,356	63,236	62,962	41,832	53,029
Convertible notes Other long-term debt and financial	35,068	34,924	34,780	34,636	34,492
leases	2,570	2,334	2,752	3,244	5,830
Deferred tax liabilities	530	324	420	529	622
Other non-current liabilities	1,740	2,619	2,762	2,693	2,622
Total non-current liabilities	39,908	40,201	40,714	41,102	43,566
Total equity	156,276	168,694	172,021	137,446	146,284
Total liabilities and equity	269,540	272,131	275,697	220,380	242,879

The financial information has been prepared in accordance with IFRS.

(euro in thousands)		Three Months Ended December 31, (unaudited)	Year Ended December 31, (unaudited)
	2009	2008	2009	2008
Cash flows from operating activities:
Net income (loss)	(13, 477)	(33,976)	5,398	(33,468)
Depreciation and amortization Other non-cash items Badwill arising on acquisition	2,817 (1,019) -	22,410 5,121 -	9,637 (1,863) (41,207)	27,699 2,557 -
Changes in working capital	19,050	18,533	24,087	26,646
Net cash provided by (used in) operating activities	7,371	12,088	(3,948)	23,434
Cash flows from investing activities: Capital expenditures Capitalized development expenses Proceeds from sale of equipment Cash inflow on acquisition	(905) (2,094) 235 (5)	(2,242) (1,385) 9 -	(2,354) (6,958) 279 19,462	7,519 3,453 607 -
Net cash used in investing activities	(2,769)	(3,618)	10,429	(10,365)
Cash flows from financing activities: Payments of (proceeds from) bank lines of credit Payments of debt and financial leases Repurchase of convertible notes Other financing activities	792 (1,174) - 130	1,615 5,279 - -	(2,717) (5,404) - 130	2,098 (7,935) (8,198) -
Net cash provided by (used in) financing activities	(252)	1,305	(7,991)	(14,065)
Net increase/(decrease) in cash and cash equivalents Effect of changes in exchange rates on cash and cash equivalents	4,350 780	7,165 166	(1,510) 627	(996) 223
Cash and cash equivalents at beginning of the period	67,995	66,777	74,008	74,781
Cash and cash equivalents at end of the period	73,125	74,008	73,125	74,008

Consolidated Cash Flow Statements

The financial information has been prepared in accordance with IFRS.

Supplemental Information (unaudited)

(euro in millions, unless stated otherwise)

REVENUE	Q1-2008		Q2-2008		Q3-2008		Q4-2008		Q1-2009		Q2-2009		Q3-2009		Q4-2009
Per product:
Array connect	21.6	58%	30.2	65%	25.5	72%	23.8	78%	9.9	63%	20.5	67%	24.3	50%	26.4	50%
Leadframe	15.5	42%	16.3	35%	9.7	28%	6.8	22%	5.7	37%	10.0	33%	24.4	50%	26.8	50%
Total	37.1	100%	46.5	100%	35.2	100%	30.6	100%	15.6	100%	30.5	100%	48.7	100%	53.2	100%
Per geography:
Asia Pacific	24.4	66%	30.2	65%	22.3	64%	14.5	48%	8.3	53%	24.0	79%	36.7	76%	40.0	75%
Europe and ROW	9.2	25%	14.6	31%	10.3	29%	12.4	41%	5.1	33%	4.2	14%	8.2	17%	7.1	13%
USA	3.5	9%	1.7	4%	2.6	7%	3.7	12%	2.2	14%	2.3	8%	3.8	8%	6.1	11%
Total	37.1	100%	46.5	100%	35.2	100%	30.6	100%	15.6	100%	30.5	100%	48.7	100%	53.2	100%
ORDERS	Q1-2008		Q2-2008		Q3-2008		Q4-2008		Q1-2009		Q2-2009		Q3-2009		Q4-2009
Per product:
Array connect	26.3	67%	36.6	82%	15.1	62%	13.7	75%	9.5	74%	20.1	54%	23.8	45%	27.6	47%
Leadframe	13.1	33%	8.2	18%	9.1	38%	4.5	25%	3.3	26%	17.4	46%	29.1	55%	31.6	53%
Total	39.4	100%	44.8	100%	24.2	100%	18.2	100%	12.8	100%	37.5	100%	52.9	100%	59.2	100%
Per geography:
Asia Pacific	23.9	61%	30.1	67%	14.2	59%	11	60%	6.8	53%	28.6	76%	42.1	80%	47.9	81%
Europe and ROW	12.4	31%	12.9	29%	7.0	29%	3.6	20%	4.0	31%	5.0	13%	7.7	15%	7.2	12%
USA	3.1	8%	1.8	4%	3.0	12%	3.6	20%	2.0	16%	3.9	10%	3.1	6%	4.1	7%
Total	39.4	100%	44.8	100%	24.2	100%	18.2	100%	12.8	100%	37.5	100%	52.9	100%	59.2	100%
Per customer type:
IDM	22.4	57%	21.4	48%	14.8	61%	12.8	70%	5.9	46%	16	43%	18.4	35%	27.7	47%
Subcontractors	17.0	43%	23.4	52%	9.4	39%	5.4	30%	6.9	54%	21.5	57%	34.5	65%	31.5	53%
Total	39.4	100%	44.8	100%	24.2	100%	18.2	100%	12.8	100%	37.5	100%	52.9	100%	59.2	100%
											Jun 30, 2009 1)		Sep 30, 2009 1)		Dec 31, 2009 1)
BACKLOG	Mar 31, 2008		Jun 30, 2008		Sep 30, 2008		Dec 31, 2008		Mar 31, 2009
Per product:
Array connect	27.1	54%	33.5	69%	23.0	61%	12.9	51%	12.5	55%	17.6	43%	17.1	38%	18.4	36%
Leadframe	23.5	46%	15.4	31%	14.8	39%	12.5	49%	10.1	45%	23.0	57%	27.7	62%	32.6	64%
Total	50.6	100%	48.9	100%	37.8	100%	25.4	100%	22.6	100%	40.6	100%	44.8	100%	51.0	100%
1) Including opening backlog Esec
HEADCOUNT 2)	Mar 31, 2008		Jun 30, 2008		Sep 30, 2008		Dec 31, 2008		Mar 31, 2009		Jun 30, 2009		Sep 30, 2009		Dec 31, 2009
Europe	633	55%	651	55%	660	55%	650	55%	583	54%	766	54%	750	54%	728	53%
Asia Pacific	475	41%	477	41%	490	41%	485	41%	463	43%	613	43%	601	43%	614	44%
USA	51	4%	48	4%	46	4%	47	4%	42	4%	41	3%	42	3%	42	3%
Total	1,159	100%	1,176	100%	1,196	100%	1,182	100%	1,088	100%	1,420	100%	1,393	100%	1,384	100%
2) Excluding temporary staff

Supplemental Information (unaudited)

(euro in millions, unless stated otherwise)

OTHER FINANCIAL DATA	Q1-2008		Q2-2008		Q3-2008			Q4-2008	Q1-2009		Q2-2009		Q3-2009		Q4-2009
Gross profit:
Array connect	7.7	35.6%	11.3	37.4%	9.3	36.4%	7.0	29.4%	2.5	25.3%	6.8	33.2%	6.8	28.0%	8.6	32.6%
Leadframe	5.1	32.9%	5.3	32.5%	3.8	39.2%	2.0	29.4%	1.0	17.5%	2.8	28.0%	6.7	27.5%	7.7	28.7%
Subtotal	12.8	34.5%	16.6	35.7%	13.1	37.2%	9.0	29.4%	3.5	22.4%	9.6	31.5%	13.5	27.7%	16.3	30.6%
Amortization of intangibles	(0.3)	-0.9%	(0.3)	-0.7%	(0.3)	-0.8%	(0.4)	-1.3%	(0.3)	-1.4%	(0.3)	-0.8%	(0.3)	-0.6%	(0.2)	-0.4%
Restructuring charges	-		-		-		(0.3)	-1.0%	(0.7)	-4.5%	0.0		0.0		(5.4)	-10.2%
Release purchase obligations/fair value adj. Esec	-		-		-		-		-		1.6	5.2%	3.4	7.0%	-	-
Total	12.5	33.6%	16.3	35.0%	12.8	36.4%	8.3	27.1%	2.6	16.5%	10.9	35.9%	16.6	34.1%	10.7	20.1%
Selling, general and administrative expenses:
SG&A expenses	9.5	25.6%	9.4	20.2%	9.2	26.1%	9.3	30.4%	7.2	46.2%	12.7	41.6%	12.4	25.5%	14.1	26.5%
Amortization of intangibles	0.1	0.3%	0.1	0.2%	0.1	0.3%	0.2	0.7%	0.1	0.6%	0.1	0.3%	0.1	0.2%	0.1	0.2%
Restructuring charges	-		-		0.4	1.1%	3.4	11.1%	1.4	9.0%	0.6	2.0%	0.9	1.8%	4.4	8.3%
Acquisition gain	-		-		-		-		-			(41.2) -135.1%		-		-
Impairment charges	-		-		-		20.2	66.0%	-		-		-		-
Total	9.6	25.9%	9.5	20.4%	9.7	27.5%	33.1	108.2%	8.7	55.8%	-27.8	-91.1%	13.4	27.5%	18.6	35.0%
Research and development expenses:
R&D expenses	5.1	13.7%	4.7	10.1%	3.9	11.1%	4.5	14.7%	4.0	25.6%	8.1	26.6%	6.3	12.9%	6.7	12.6%
Capitalization of R&D charges	(0.7)	-1.9%	(0.7)	-1.5%	(0.7)	-2.0%	(1.4)	-4.6%	(1.3)	-8.3%	(1.8)	-5.9%	(1.7)	-3.5%	(2.1)	-3.9%
Amortization of intangibles	0.3	0.8%	0.3	0.6%	0.4	1.1%	0.3	1.0%	0.3	1.9%	0.3	1.0%	0.3	0.6%	0.5	0.9%
Restructuring charges	-		-		-		0.1	0.3%	0.2	1.3%	-		- -	-	-	-
Total	4.7	12.7%	4.3	9.2%	3.6	10.2%	3.5	11.4%	3.2	20.5%	6.6	21.6%	4.9	10.1%	5.1	9.6%
Financial expense (income), net:
Interest expense (income), net	0.5		0.5		(0.9)		0.5		0.6		0.5		0.7		0.5
Foreign exchange (gains) \ losses	0.7		(0.5)		-		0.1		0.1		0.7		0.4		(0.1)
Non recurring charge related to statutory tax review	-		(0.4)		-		-		-		-		-		-
Total	1.2		(0.4)		(0.9)		0.6		0.7		1.2		1.1		0.4
Operating income (loss)
as % of net sales	(1.8)	-4.9%	2.5	5.4%	(0.5)	-1.5%	(28.4)	-92.8%	(9.3)	-59.6%	32.2	105.6%	(1.6)	-3.3%	(13.0)	-24.4%
EBITDA
as % of net sales	0.0	0.0%	4.3	9.2%	1.2	3.5%	(5.9)	-19.3%	(7.3)	-47.0%	34.4	112.8%	1.1	2.3%	(10.2)	-19.2%
Net income (loss)
as % of net sales	(2.1)	-5.7%	2.2	4.8%	0.4	1.0%		(34.0) -111.1%	(9.4)	-60.3%	31.5	103.3%	(3.2)	-6.6%	(13.5)	-25.4%
Income per share															,
Basic	(0.069)		0.072		0.013		(1.103)		(0.300)		0.938		(0.107)		(0.400)
Diluted	(0.069)		0.071		0.013		(1.103)		(0.300)		0.784		(0.107)		(0.400)