SÜSS MicroTec SE

Investor Presentation • Aug 7, 2019

SUSS MICROTEC – H1 / Q2 2019 RESULTS

AUGUST 7, 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 EUR

MARGIN ANALYSIS Q2 / 2019 VS. Q2 / 2018

Q2 2019 compared to a very strong Q2 2018

• EBIT Q2 2019 (-2.9 million €) vs. EBIT Q2 2018 (6.9 million €): delta -9.8 million €
• Main contribution: GP margin difference
  • Q2 2018 approx. 3.5 million € above an "average" GP margin
  • Q2 2019 approx. 4.5 million € below an expected GP margin

GP margin Q2 2019: 8.7 million € below Q2 2018

• 3.5 million € volume effect (higher contribution of lower margin product lines)
• 3.4 million € product margin effect (FAT shift into next quarter: 1.1 million €, high-margin orders in Q2 2018)
• 0.9 million € increased production overhead
• 0.6 million € increased inventory depreciation

Increased R&D expenses

0.7 million € increased R&D expenses mainly for Permanent Bonder

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)

GUIDANCE 2019

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

Q2 2019 + Q3 2019: Order entry of more than € 95 million

This presentation contains forward-looking statements relating to the business, financial performance and earnings of SUSS 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 SUSS 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. SUSS MicroTec SE does not intend or accept any obligation to publish updates of these forward-looking statements.