Investor Presentation • Nov 25, 2015
Investor Presentation
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November 2015
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.
Global leader in manufacturing equipment for semiconductor devices
Sales FY 2014: €145.3 million
Order Entry 18.9 € million Sales 21.5 € million Employees 118
Order Entry 41.9 € million Sales 42.7 € million Employees 419
Order Entry 67.6 € million Sales 81.1 € million Employees 122
I. SUSS MicroTec at a Glance
| Connectivity & Data Processing |
+ Connection through apps, social media, data streaming + Connectivity of devices, Internet of Things (IoT) + Permanent internet connectivity provided by smartphones and tablet PCs at affordable cost + Industry 4.0 connectivity of manufacturing units |
|---|---|
| Mobility & Automotive |
+ Autonomous, electric and plug in hybrid cars, E-Bikes, trains drive the need for power devices and high performance ICs at the same time + Growing electronic content and sensors (MEMS) for autonomous cars |
| Energy Efficiency |
+ Environmental awareness and rising energy costs drive the demand for energy efficient devices + Energy efficiency in industrial production + Smart energy management in household applications |
|---|---|
| + Green energy management systems |
Micro Optics
Source: Gartner, July 2015
Qualification of laser products at key customers
Internet of Things (IoT)
Source: Yole, May 2015
Technical challenges and limitations make it increasingly more difficult and expensive to reduce the feature size
Combining of several devices on an interposer addresses the limitations of traditional shrinking while enhancing performance
SUSS MicroTec's equipment and process solutions enable 2D shrinking ("Moore's Law") and 2.5D / 3D integration ("More than Moore")
IV. Strategy Update and Outlook
* Including a -13.2 € milion one-off effect from restructuring of the product line permanant bonding (-0,69 € per share)
| in € million | Q3 2015 | Q3 2014 | in % | 9M 2015 | 9M 2014 |
|---|---|---|---|---|---|
| Order Intake | 39.2 | 29.1 | 34.7% | 108.9 | 90.3 |
| Order Backlog 9/30 | -- | -- | -- | 92.1 | 82.2 |
| Revenue | 38.3 | 25.6 | 49,6% | 93.4 | 95.0 |
| EBIT | 2.2 | -3.3 | -- | -1.7 | 0.1 |
| EBIT in % of Sales | 5.7% | -12.9% | -- | -1.8% | 0.1% |
| Earnings after tax | 1.2 | -2.9 | -- | -3.4 | -0.9 |
| EPS in € | 0.06 | -0.16 | -- | -0.18 | -0.05 |
| Free Cash Flow* | 0.1 | -1.7 | -- | -13.1 | -4.1 |
| Net Cash | -- | -- | -- | 25.5 | 31.8 |
| Employees 9/30 | -- | -- | -- | 693 | 658 |
* before consideration of purchased interest-bearing securities
| Short-term | Grow market share for core products in all market segments Traction for new advanced lithography products from SUSS MicroTec Photonic Systems Stabilize Company at positive EBIT and cash generation, continue revenue growth: Gross margin 30-35% |
|---|---|
| Mid-term | Focused product portfolio Positive EBIT from Bonder Division and Photonic Systems Successful new adjacent market entries (leverage existing technologies to grow SAM) Continue revenue growth at positive EBIT and cash generation: Sales of >200M Gross margin >35% EBIT margin >5% |
| Long-term | Continue revenue growth at positive EBIT and cash generation: Sales of >200M Gross margin >35% EBIT margin 10% |
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