SÜSS MicroTec SE

Investor Presentation • May 8, 2020

SUSS MICROTEC

QUARTERLY FIGURES Q1 2020

MAY 8, 2020

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.

HIGHLIGHTS

• Strong order entry with € 69 million, third quarter in a row above € 60 million
• Increased activity in broad band communication segment (5G)
• Solid business development in Mask Aligner and Coater/Developer
• Yet, only low impact on sales from COVID-19-pandemy
• Uncertainty remains high, close monitoring necessary
• Closing of acquisition of PiXDRO ink-jet printing technology

KEY GROUP FIGURES

in € million	3 months / 2020	3 months / 2019	% delta
Order entry	69.0	46.7	47.8
Order backlog 31/12	120.8	85.4	41.5
Sales	41.7	47.1	-11.5
EBIT	-5.6	2.1	--
EBIT margin in %	-13.4%	4.5%	-16.5% points
Earnings after tax	-5.4	0.4	--
EPS in €	-0.28	0.02	--
Free cash flow	-8.3	-16.4	--
Net cash 03/31	-19.6	9.5	--
Employees 03/31	942	899	4.8%

SEGMENT OVERVIEW

Q1 2020 Q1 2019 in Mio €			in Mio €	Q1 2020	Q1 2019
Order entry 5.4 5.7			Order entry	42.1	21.9
Sales 6.1 4.7			Sales	25.5	25.5
EBIT -0.2 0.7			EBIT	-2.3	-0.4
EBIT margin in % -3.3 14.9			EBIT margin in %	-9.0	-1.6
Growth in sales but EBIT below expectation	SUSS MicroTec Group in Mio € Order Entry	69.0	Strong growth Reduced cost for	in order EBIT due to SMT PS in the	entry. closing amount of 3.7m€
	Sales	41.7
Weaker order entry.	EBIT	-5.6		Solid order	entry
Delays in shipment led to reduced sales.	EBIT margin in %	-13.4	Volatile quarter	results high order	due to size.
Q1 2020 Q1 2019 in Mio €			in Mio €	Q1 2020	Q1 2019
Order entry 5.6 9.4			Order entry	15.9	9.7
Sales 4.3 6.0			Sales	5.8	10.8
EBIT -1.1 0.7			EBIT	0.8	2.6
EBIT margin in % -25.6 11.7			EBIT margin in %	13.8	24.1

ORDER ENTRY: QUARTERLY PERFORMANCE

BALANCE SHEET

Decrease of equity ratio from 62.7% (Dec, 31, 2019) to 56.3% (Mar, 31, 2020) due to….

ACQUISITION: PIXDRO TECHNOLOGY

• Successful closing of acquisition from Meyer Burger (March, 31, 2020)
• Foundation of SUSS MicroTec Netherlands B.V. in Eindhoven
• Transfer of 30 members of staff to new company
• Inkjet printing will be part of Coater/Developer product line (segment Lithography)
• Final purchase price: € 3.9 million
• Expected sales contribution in 2020 of about 7 Mio. Euro (9months)
• Consolidated goodwill: 2.6 million

MARKETS ESTIMATES

• Positive market outlook but impacted by COVID-19 uncertainties
• Economic development not easy to foresee

But:

• Clear signal for need to invest in broadband communication systems
• Significant increase in demand from telecom market
• Future demand driven by emerging technologies like 5G, IoT, high-performance computing, augmented reality, artificial intelligence, autonomous driving etc.
• Customers still pushing for shorter delivery times
• China on the way to "normal" production level

Positive outlook while keeping focus on supply chain and delivery

GUIDANCE 2020

Q2 + Q3 2020: Order entry of € 100 - 115 million

FY 2020*: Sales of € 230 - 240 million

EBIT margin: 2.5% to 3.5% (including one-off effects from closing Corona) EBIT margin (adjusted): 4.5% to 5.5% (excluding one-off effects)

SÜSS MicroTec SE Investor Presentation 9 *) guidance might be highly impacted by effects from COVID-19 virus pandemic