Investor Presentation • Jan 8, 2014
Investor Presentation
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January 2014
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.
* December 30, 2013
Cumulative expenses for the restructuring of permanent bonding in 2013 will amount to approximately € 14.3 million
I. SUSS MicroTec at a Glance
14 SUSS MicroTec Investor Presentation
Source: Yole Developpement
| Digital Lifestyle | - 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 |
|
|---|---|---|
| E-Mobility | - 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 but also high performance ICs |
|
| Energy Efficiency |
- Increase environmental awareness and rising energy prices and fuel the demand for energy efficient solutions in electricity usage i.e. lighting - Energy efficiency in industrial production - Smart energy management in household applications safes energy |
With its strong position in the fast growing target markets 3D Integration / Advanced Packaging, LED and MEMS, SUSS MicroTec can benefit from the market developments:
| 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 |
Segment growth 2011 - 2016E CAGR ~ 15% (Gartner and industry estimates)
Only SUSS MicroTec offers complete exposure solutions for the mid-/back-end
VI. Outlook
| in € million | Q3 2013 | Q3 2012 | in % | 9M 2013 | 9M 2012 |
|---|---|---|---|---|---|
| Order Intake | 34.3 | 36.6 | -6.3% | 105.9 | 117.0 |
| Order Backlog 9/30 | -- | -- | -- | 97.6 | 102.4 |
| Revenue | 38.9 | 40.7 | -4.4% | 94.0 | 108.2 |
| EBIT | 1.8 | 1.6 | +12.5% | -13.2 | 3.1 |
| EBIT in % of Sales | 4.6% | 3.9% | -- | -14.0% | 2.9% |
| EBIT (adjusted) | 1.8 | 1.6 | +12.5% | -7.2 | 3.5 |
| EBIT (adjusted) in % of Sales |
4.6% | 3.9% | -- | -7.6% | 3.2% |
| Earnings after tax (continuing operations) |
1.2 | 0.4 | >100% | -10.5 | 0.8 |
| Earnings after tax | 1.2 | 0.4 | >100% | -10.5 | 2.3 |
| EPS in € (continued op.) |
0.06 | 0.02 | >100% | -0.55 | 0.04 |
| Free Cash Flow* | 2.5 | 0.9 | >100% | -9.9 | -6.2 |
| Net Cash** | -- | -- | -- | 21.9 | 30.7 |
| Employees 9/30 | -- | -- | -- | 673 | 699 |
* before consideration of purchased interest-bearing securities , the acquisition of Tamarack and the gain out of the sale from the Test Business
** incl. stock of interest-bearing securities
| 2013: | - | Milestone achievement in temporary bonding | ||
|---|---|---|---|---|
| ------- | --- | -------------------------------------------- | -- | -- |
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"
FY 2013: - Sales of 125 – 135 € million - EBIT: minus 22 – minus 27 million € (thereof 14.3 € million one-off charges)
Q4 2013: - Order Intake 30 - 40 € million
- One-off charges 8.3 € million
SÜSS MicroTec AG Schleissheimer Str. 90 85748 Garching
www.suss.com
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
| KeplerCheuvreux Investment Conference, Frankfurt | 20.-21. Jan |
|---|---|
| Annual Report 2013 | 28 Mar |
| Quarterly Report 2014 | 8. May |
| Shareholders' Meeting, Haus der Bayerischen Wirtschaft, Munich | 17 Jun |
| Interim Report 2014 | 7 Aug |
| Nine-month Report 2014 | 6 Nov |
| Equipment | Applications | Initiatives |
|---|---|---|
| - 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 |
- 3D IC and chip scaling helps reducing energy and material consumption - LEDs for efficient lighting |
- Partner company of VDMA BlueCompetence initiative, a network of equipment providers in Germany, who are following a sustainable business approach |
| solutions - MEMS applications improve performance of mobile devices and conserve energy - Shift to renewable energies |
- Innovative lighting solution in Sternenfels - Improved climatization system of cleanrooms |
|
| 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) |
- Paperless invoice system |
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