SÜSS MicroTec SE — Investor Presentation 2021

Feb 1, 2021

SUSS MicroTec Investor Presentation

SUSS MICROTEC INVESTOR PRESENTATION

February 2021

I. Overview II. III. IV.

SUSS MICROTEC TAKES PART OF ALL ELECTRONIC MEGA TRENDS

SUSS MICROTEC BENEFITS FROM ALL ELECTRONIC MEGA TRENDS

ROADMAP OF ELECTRONIC MEGA TRENDS

AN IMPORTANT NEED TO DEVELOP MORE THAN MOORE TECHNOLOGIES

Improvement opportunities for next decade

ENABLING THE MOST VALUABLE SEMICONDUCTOR PROCESSES

1/10 of a percent yield improvement is real big money!

SUSS WELL POSITIONED

'More than Moore' market

Consequences for SUSS

Extremely well positioned with a diversified range of equipment for 'More than Moore' applications +

High degree of customization as processes are different at each customer +

+ + + +

SUSS is known for reliability, efficiency and best-in-class performance +

ENTERING IN A STRONG UP-CYCLE

Assembly Equipment Market

USE OF MTM TECHNOLOGIES IS GROWING FAST

Advanced Packaging Overview 2014 -2025

Why do manufacturers need advanced packaging?

• +
• +

Multiple short and mid term drivers

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• +
• +
• +

BROAD PRODUCT PORTFOLIO FOR DIFFERENT SEGMENTS AND MARKETS

SEGMENTS	'Moore's Law' Frontend	FRONTEND AND BACKEND	Specials
	Photomask Processing	Lithography		Wafer Bonder	Microoptics
PRODUCTS	Photomask Equipment	Exposure Systems	Coater / Developer Injekt Printing	Bonding Systems	Micro optical Components
PROCESS STEPS	Photomask Cleaning	Proximity Exposure	Coating Developing	Boning Alignment	Imprint – Applications
		Imprinting	Injekt Printing	Permanent Bonding Temporary Bonding
	Wafer Cleaning for MEMS	Metrology	Metrology	Debonding Metrology

WAFER BONDING IS A HIGHLY ATTRACTIVE ENDMARKT

• • •
• •

Overall wafer demand for More than Moore devices

Breakdown by More than Moore application – in 8 inch eq

BONDING PRODUCT PORTFOLIO

SUSS MicroTec Investor Presentation

15

FAVORABLE LITHOGRAPHY MARKET ENVIRONMENT FOR SUSS

New-brand Lithography equipment market (nr. of tools) Split by More than Moore device

LITHOGRAPHY PRODUCT PORTFOLIO

17

PACKAGING TECHNOLOGIES OVERVIEW MTM-APPLICATION

Non-exhaustive list of technology and players examples

• II. Strategy SUSS 2025
• III.
• IV.

SUSS STRATEGY 2025: OVERVIEW

MARKET CONDITIONS

• Megatrends
• "More than Moore"
• 5G, AI and IoT
• •
• •
• •
• • •
• •

SUSS 2025 STRATEGY: INCREASE IN SALES

Sales in €M

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

SUSS STRATEGY 2025: STRATEGIC TARGETS

Top-line growth

Improved operational performance and profitability

• •
• •
• •

Focus on strategic growth areas

• •
• •

Goal 2025: € 400M with > 15% EBIT

• II.
• III. 9M and Preliminary Year End Results 2020
• IV.

GENERAL BUSINESS UPDATE

plus 29% yoy Outlook for order entry (Q4 2020 + Q1 2021) increased from € 100 – 110M to more than € 120M

Book-to-Bill ratio >1

PRELIMINARY KEY GROUP FIGURES 2020

in € M	FY 2020e	FY 2019	Change
Order entry	281.1	219.3	+28.2%
Sales	252	213.8	~18%
EBIT	20.9	-13.8	+27.4M
EBIT margin	8.3%	-6.5%	+ 14.8% points
Adjusted EBIT	~25	0.5	+ € 24.5M
Adjusted EBIT-margin	9.9%	0.2%	+ 9.7% points
Free cash flow (in €)	> +40	-36.9	> +75M

Strong order entry FY 2020

Book-to-bill ratio: 1.12

Strong sales growth combined with a better GP margin resulted in a significantly improved EBIT (including closing cost of € 4M)

Free cash flow significantly improved by more than € 75M

ORDER ENTRY: STRONG QUARTERLY PERFORMANCE

ORDER ENTRY: SPLIT PER SEGMENT

150.6

Comments:

35.9 20.2 2020 EMEA Nordamerika Asien 35.5 101.0 21.3 2019 ORDER ENTRY 9M: SPLIT PER REGION (in € M) North America Asia

Remarks for better understanding:

Lithography
in € M	9m 2020		9m 2019
Sales	97.8		72.4
GP (margin)	29.7	(30.4%)	16.1	(22.2%)
EBIT (margin)	6.2	(6.3%)	-8.1	(-11.2%)

Bonder				Microoptics
in € M	9m 2020			in € M	9m 2020
Sales	18.9			Sales	16.8
GP (margin)	5.6	(29.6%)		GP (margin)	4.9
EBIT (margin)	-0.6	(-3.2%)		EBIT (margin)	0.3

Photomask Equipment
in $\notin M$	9m 2020		9 m 2019
Sales	40.0		24.6
GP (margin)	16.7	$(41.8\%)$	9.2	$(37.4\%)$
EBIT (margin)	11.0	(27.5%)	4.4	$(17.9\%)$

Microoptics
in $\notin M$	9m 2020		9m 2019
Sales	16.8		16.2
GP (margin)	4.9	(29.2%)	6.6	$(40.7\%)$
EBIT (margin)	0.3	$(1.8\%)$	2.7	(16.7%)

PRODUCTION SITES

• I.
• II.
• III.
• IV. Outlook

MARKETS ESTIMATES

Positive market outlook but impacted by COVID-19 uncertainties

Economic development not easy to forecast

Uncertain outlook with respect to US / China trade barriers

BUT

OUTLOOK

€ 120M

€ 252M 8.3%

SUSS MicroTec Investor Presentation