Conference Call

H1 2023

Disclaimer

This presentation contains forward-looking statements relating to the business, financial performance and earnings of SÜSS MicroTec SE 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 SÜSS MicroTec SE. Consequently, actual developments as well as actual earnings and performance may differ materially from those which explicitly or implicitly assumed in the forwardlooking statements.

SÜSS MicroTec SE does not intend or accept any obligation to publish updates of these forward-looking statements.

Robust order momentum remains, but targeted margins not yet achieved

Financial Results H1 2023

Guidance adjustment for all three key financial indicators

Business Highlights H1 2023

Order entry remains good despite general slowdown in semiconductor industry
Sales up by 15.7% compared to last year; Photomask Solutions as main growth driver (business more than doubled)
Challenging margin situation remains throughout Q2 2023, especially in the MicroOptics business, but better product mix and higher sales volume expected during the second half of the year 2023
Adjustment of full year guidance: Sales = € 320 340 million; gross profit margin = 35.5 % 37.5 %; EBIT margin = 9 % - 11 %
Status of main R&D projects: integrated D2W hybrid bonder and wafer cleaner currently being installed at Sternenfels application center; first customer demonstrations are most likely to be carried out in the second half of 2023

We benefit from the boom in AI

Two of our solutions (UV projection scanner and temporary bonder) are qualified for the most relevant AI chip manufacturing process at leading foundry in Asia

Projection Scanner

Temporary bonder

Increase in demand for AI chips (as communicated by Nvidia) has a linear relationship with the demand for our solutions
Additional potential for our temporary bonder with regard to HBM (high bandwith memory) as AI chip consists of a memory and a logic part
AI capacity increase not yet reflected in our order book expected for H2 2023

Solid order entry exceeded market expectations

In € million	H1 2023	H1 2022	Change
Order entry	187.5	230.9	-18.8%
Order backlog as of June 30	389.8	281.3	+38.6%
Sales	144.4	124.8	+15.7%
Gross profit	48.8	43.8	+11.4%
Gross profit margin	33.8%	35.1%	-1.3%pts
EBIT	8.4	5.1	+64.7%
EBIT margin	5.8%	4.1%	+1.7%pts
Earnings after tax	6.2	3.6	+72.2%
Earnings per share, basic (in € )	0.32	0.19	+70.7%
Net cash	37.2	35.6	+4.5%
Free Cashflow	1.1	6.1	-82.0%
Employees as of June 30	1,261	1,190	+6.0%

Good order entry and very high order backlog remain a solid foundation for targeted growth in 2023 and beyond
Absolute gross profit and EBIT increased yoy
Gross profit margin and EBIT margin are not yet at target, mainly because of a very disappointing margin in MicroOptics
Company has again created value for shareholders in H1 2023 (earnings per share +70.7%)
Net cash position increased once again due to higher prepayments

Order Entry by Division

Order Entry by Division and Region

Order Entry by Region H1 2023

Division Overview H1 2023

Advanced Backend Solutions Photomask Solutions MicroOptics

in € million	H1 2023	H1 2022
Order entry	93.5	152.3
- thereof Lithography	72.0	107.7
- thereof Bonder	21.5	44.6
Total sales1	97.8	89.1
- thereof Lithography	72.1	68.2
- thereof Bonder	25.7	20.9
Gross profit	36.5	33.0
Gross profit margin	37.3%	37.0%
EBIT	9.1	5.4
EBIT margin	9.4%	6.1%

in € million	H1 2023	H1 2022
Order entry	84.7	62.6
Total sales1	34.5	15.1
Gross profit	10.7	4.9
Gross profit margin	30.9%	32.3%
EBIT	4.4	0.0
EBIT margin	12.6%	0.3%

in € million	H1 2023	H1 2022
Order entry	9.3	15.9
Total sales1	13.0	21.7
Gross profit	1.9	5.9
Gross profit margin	14.6%	27.3%
EBIT	-3.6	1.4
EBIT margin	-28.0%	6.5%

Decrease in order entry yoy in all product lines after very strong H1 in fiscal 2022
Sales increased by 9.8 % because of good sales growth in Q2 2023, especially with Bonders, Coaters and Mask Aligners
Gross profit margin increased slightly
EBIT margin also went up from 6.1% to 9.4%, in part due to better Bonder margins
Order entry once again increased, ongoing strong demand from Asia
Strong sales growth because of high backlog and slightly improved suppy chain situation
Absolute gross profit and EBIT improved
Slight declinde in gross profit margin
Improved EBIT margin
Order entry and sales declined because of inventory corrections at customer side
Gross profit and EBIT declined accordingly
Automotive business remains highly competitive

1) Total sales include internal sales (sales to other divisions) since 2021; gross profit margin and EBIT margin are calculated on the basis of total sales.

Further inventory build-up due to supply chain bottlenecks extend the balance sheet