SÜSS MicroTec SE INVESTOR PRESENTATION

September 2019

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

AGENDA

I. Overview
II. Strategy SUSS 2025
III. Results of H1 2019

SÜSS MICROTEC

Mid-sized global provider of specialized production equipment for the semiconductor and related industries (micro-chips and similar parts)
Semi front-, mid- and back-end, MEMS, RF, Opto, etc.
Global customer base with a focus on Asia-Pacific
Two production sites in Germany; one in the US and in Switzerland; site in Taiwan planned
Tier 1 market players becoming major customers
Very demanding market environment

SÜSS MICROTEC – A GLOBAL PLAYER

MAIN PRODUCTION SITES

OUR PRODUCTION PORTFOLIO (EQUIPMENT)

AGENDA

I. Overview
II. Strategy SUSS 2025
III. Results of H1 2019

SUSS 2025 STRATEGY - OVERVIEW

Megatrends are driving our business: digitization, wireless communication (5G), the Internet of Things, mobility, autonomous driving, artificial intelligence...
The Semiconductor industry is highly innovative and very demanding
Customers expect more support in increasingly complex processes
New business areas for SUSS MicroTec:
- UV-Projection Scanner for Advanced Packaging
- Imprint solutions for optical elements
- SUSS MicroOptics products for the Automotive Industry

THE MOST IMPORTANT GROWTH DRIVERS

SUSS 2025 STRATEGY KEY ELEMENTS

Top-line growth

Attractive products for maximum productivity
Additional features to increase attractiveness (e.g.: scanners, metrology, more intelligent products)

Improved profitability

Improvement of delivery times, costs, cash commitment

Exceed customer expectations

Increase proximity to the customers
Production, demo and application center in Asia

SUSS Excellence Program

Product training for customers
Training and development of employees
Corporate Culture

Goal in 2025: € 400 million with > 15% EBIT

SUSS 2025 STRATEGY TOP-LINE GROWTH: SCANNER EXAMPLE

All 12 Gen 2 scanners accepted by key customer (used in production)
New scanner generation (Gen 3) installed as evaluation tool at various customers in Asia
Upgrade kit (Gen 2.6) developed as an interim solution and tested by key customer
Upgrade orders placed
Gen 3 rated very positively by key customer
Very good prospects for the next investment round of the key customer

SUSS 2025 STRATEGY INCREASE IN PROFITABILITY

Focus in 2019

& Costs Inventory Management Excellence	Productivity	NWC /	Margin	Delivery
--------------------------------------------------	--------------	-------	--------	----------

2018: marked by significant sales growth, profitability fell short of expectations
Operational Excellence Program defined in autumn 2018 and implementation started
Intensification of net working capital management (inventory) to improve net liquidity
- Internationalization of strategic purchasing
- Re-organization of production processes for more transparency and flexibility
First results will be visible in the course of 2019

SUSS 2025 STRATEGY CUSTOMER EXPECTATIONS

Focus: get closer to the customer
Taiwan as largest single market
Production, demo and application center for Asian customers in Taiwan planned and real estate rented
Stable political relationships, IP security given
Outlook: extend purchasing activities to Asia (international sourcing)

SUSS 2025 STRATEGY TRAINING FOR CUSTOMERS AND EMPLOYEES

Imprint Excellence Center Neuchâtel to be available at the end of 2019
20 years experience in micro-optic manufacturing
Expansion to a second location in Neuchatel due to automotive certification

Application and Training Center in Sternenfels, DE and Garching, DE

SEMICONDUCTOR MARKET LONG-TERM OUTLOOK

The global semiconductor market will be \$656B in 2025 compared to \$343B in 2015 with a CAGR of 6.7%*

*source Semi.org

SIGNIFICANT INCREASE IN SALES UNTIL 2025

Sales in € million

Growth in the coming years through market growth, new products and market share gains

MARKET OUTLOOK

"Worldwide semiconductor revenue is forecast to total \$429 billion, a decline of 9.6% from \$457 billion in 2018." (Gartner, July 2019)
"Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to drop 18.4% to \$52.7 billion in 2019 from last year's historic high of \$64.5 billion,.. growth in equipment sales resuming in 2020 with an 11.6 percent jump to \$58.8 billion." (SEMI, Mid-Year Total Equipment Forecast, July 2019)
"Despite the semiconductor industry's slowdown, advanced packaging is growing at an impressive 8% CAGR (2018 – 2024)." (Yole, July 2019)
"The market will exhibit +8.3% growth in value." (MEMS for the period 2019 2024, (Yole, June 2019)
"Global fab equipment spending will rebound in 2020, growing 20 percent to US\$58.4 billion after dropping 19 percent to US\$48.8 billion in 2019." (Semi, June 2019)
The semiconductor industry is amidst of a big transition and it is entering a disruptive phase where mobile and other merging mega-drivers, such as big data, 5G, high performance computing (HPC), the internet of things (IoT) as well as smart automotive and smart factory will significantly impact business dynamics and create a tremendous opportunity across the semiconductor supply chain" e.g. "3D TSV and Fan-out markets are expected to grow by a CAGR of 29% and 15% respectively from 2017 – 2023 (Yole, Sep. 2018)

AGENDA

I. Overview II. Strategy SUSS 2025
III. Results of H1 2019

HIGHLIGHTS H1 2019

Consistent order intake in fragile market environment
Continuing strong photomask equipment and microoptics business
Order entry H1 2019: € 91.7 million
Sales H1 2019: € 94.1 million
EBIT H1 2019: € -0.8 million (-0.9% EBIT margin)

KEY GROUP FIGURES H1 / Q2 2019

In € million	H1 2019	H1 2018	Delta H1 2019/2018	Q2 2019	Q2 2018
Order entry	91.7	78.2	17.3%	45.0	39.6
Order backlog	85.4	83.9	1.8%	---	---
Sales	94.1	94.2	-0.1%	47.0	49.0
EBIT	-0.8	8.4	-109.5%	-2.9	6.9
EBIT margin	-0.9%	8.9%	-9,8 points	-6.2%	14.1%
Earnings after tax	-1.9	4.7	---	-2.3	4.2
EPS in €	-0.10	0.25	---	-0.12	0.22
Free cash flow *	-18.9	-15.9	---	-2.5	-2.2
Net cash **	6.9	17.1	-59.6%
Employees 30/6	910	850	7.1%

* Before consideration of transactions with interest-bearing securities (only 2018)

** Net cash 2019 includes leasing liabilities in the amount of € 2.0 million

BUSINESS DEVELOPMENT IN H1 2019

Others: corporate overhead, consolidation effects, FX-effects: -2.6 million €

ORDER ENTRY: QUARTERLY PERFORMANCE

GUIDANCE 2019

Fiscal year 2019: Sales of € 200 million to € 215 million EBIT margin ~ 6.5% - 8.0%

Q3 2019 + Q4 2019: Order entry of more than € 95 million

SHARE PRICE, COVERAGE, SHAREHOLDERS

Share Performance in 2019

Coverage:

Baader
Bankhaus Lampe
DZ Bank
Kempen
NIBC
ODDO BHF
Warburg

Shareholders > 3%:

Dimensional Funds
Gerlin NV
Hansainvest
INKA
Janus Henderson
Kempen Oranje
Luxunion
Lupus Alpha
Sycomore Asset Mgm.
Universal Investment

SÜSS MicroTec SE INVESTOR PRESENTATION

Supplementary Information

KEY GROUP FIGURES FY 2018 VS FY 2017 (OLD AND IFRS15 ACCOUNTING SYSTEM)

	IFRS 15		old accounting system
in € million	FY 2018	FY 2017	delta 2017/2018	FY 2018	FY 2017	delta 2017/2018
Revenue	203.9	179.9	13.1%	213.9	166.5	28.5%
EBIT*	10.9	18.2	-40.1%	15.6	13.9	12.2%
EBIT in % of Sales	5.3%	10.1%	-4.8pts	7.3%	8.3%	-1pts
Earnings after tax	4.8	10.0	-52.0%	8.2	6.7	22.4%
EPS in €	0.25	0.52	-51.9%	0.43	0.35	22.9%

*one-off effect 2017: license income of € +2.0 million; one-off effect 2018: severance payment of appr. € -700 thous.

MAIN COMPETITORS AND PEER GROUP

Peer Group
BE Semiconductor:	Equipment for leadframe, substrate and WLP applications (die attach, wire-bonding, plating), target markets include electronics, computer, automotive, industrial, LED and solar energy
Veeco/UTEC:	Steppers for the semiconductor market, advanced packaging, nanotechnology, laser processing (LSA)
& Soffa: Kulicke	Design and manufacture of equipment for semiconductor, LED and electronic assembly (wire-bonding, advanced packaging)
Rudolph Tech:	Equipment and software solutions for macro defect inspection, probe card test and analysis, thin film metrology, advanced packaging lithography systems (steppers)
EV Group:	Equipment for wafer-bonding, lithography/nanoimprint lithography (NIL), metrology, photoresist coating, cleaning and inspection for the target markets: advanced packaging, compound semiconductor and silicon-based power devices, MEMS, nanotechnology and SOI