SÜSS MicroTec SE — Investor Presentation 2024

Mar 27, 2024

Conference Call

Financial Year 2023

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

02 01 04

Highlights Full Year 2023

Key Financial Figures 2023

03 Operations update

Outlook 2024

Record for order intake and sales, while margins need improvement

Financial Results FY 2023*

*excluding divested MicroOptics business

Investor Presentation Key CEO messages

• Best year in company history in terms of order intake and sales
• AI-driven order intake for temporary bonding equipment in H2 2023 amounting to ~ € 130 million
• Strong Q4 2023 with sales of more than € 100 million and EBIT margin close to 15%
• Gross profit margin and EBIT margin declined due to an unfavorable product mix, capacity ramp-up in Taiwan and an increased level of engagement with external manufacturing partners

We are in a growth-driven transformation process

Sale of the MicroOptics business clearly increased the focus of our company SUSS MicroTec has become a pure play semiconductor equipment company

Division Highlights 2023

Strong demand across both divisions

Advanced Backend Solutions:

• Outstanding order intake for temporary bonding equipment, mainly supporting AI-driven HBM capacity ramp-up
• Almost stable business with mask aligners
• Order entry and sales for coaters have been rather weak in 2023 in line with the overall semiconductor market
• Strategic update:
  • ‒ clear focus on high-volume manufacturing allows to streamline the portfolio (see page 7)
  • ‒ JDA with Heraeus creates additional potential for our Inkjet business (see page 8)

Photomask Solutions:

• Ongoing good order intake, mainly from Asian customers
• Significant yoy sales increase of 83.8% achieved, based on an ongoing well-filled order book
• Development of a disruptive wafer cleaning solution continued; first automated prototype installed in Sternenfels Application Center

Focus on high-volume manufacturing markets while semi-automated tools will be phased-out during next years in Advanced Backend Solutions business unit

Bonding Systems

Semi-automated automated

Coating Systems

Imaging Systems

SUSS MicroTec and Heraeus jointly work on EMI* shielding

Idea: EMI shielding by combining metallic specialty inks and digital printing processes from Heraeus and the JETx high-volume inkjet platform from SUSS MicroTec

Target Devices: Mobile phones, wearables and IoT devices

ESG enhancing solution

Inkjet printing is a very sustainable solution, compared to the traditional subtractive manufacturing techniques. Only printing the required amount of material, exactly where it is needed, significantly reduces the amount of wasted material and eliminates removal-processing steps of excess material.

Agenda

02 01 04

Highlights Full Year 2023

Key Financial Figures 2023

03 Operations update

Outlook 2024

Record for order intake and sales, while margins need improvement

In € million	FY 2023*	FY 2022*	Change
Order intake	420.5	411.0	2.3%
Order book as of December 31	452.5	335.4	34.9%
Sales	304.3	260.0	17.0%
Gross profit	103.9	100.6	3.2%
Gross profit margin	34.1%	38.7%	-4.6%pts
EBIT	27.8	31.5	-11.7%
EBIT margin	9.1%	12.1%	-3.0%pts
Earnings after tax	17.3	23.3	-25.5%
Earnings per share, basic (in € )	0.91	1.22	-25.4%
Net cash	32.8	41.3	-20.6%
Free Cashflow	7.9	17.0	-53.5%
Employees as of December 31	1,207	1,091	10.6%

• Record order intake and very high order book remain a solid foundation for growth in 2024 and beyond
• Absolute gross profit increased, but gross profit margin declined, mainly caused by an unfavorable product mix, transformation costs due to development of external production partners and ramp-up costs of bonding manufacturing in Taiwan
• Absolute EBIT and EBIT margin declined yoy caused by higher R&D and administration expenses
• Net cash position at year end decreased as a result of further built up of inventories; in January 2024, net cash position went up by € 75 million due to the closing of the sale of our MicroOptics business

*excluding divested MicroOptics business

Order Intake by Division (in € m) and Region (in %)

Order Intake by Region FY 2023

Book-to-bill ratio

FY 2023: 1.4

Lithography Bonder Photomask Solutions

Division Overview Overview FY 2023

Advanced Backend Solutions Photomask Solutions

in € million	FY 2023	FY 2022
Order intake	296.4	279.7
- thereof Lithography	139.6	203.0
- thereof Bonder	156.8	76.6
Total sales1	214.7	210.9
- thereof Lithography	163.0	175.8
- thereof Bonder	51.7	35.0
Gross profit	77.8	82.4
Gross profit margin	36.2%	39.1%
EBIT	20.1	28.5
EBIT margin	9.3%	13.5%

in € million	FY 2023	FY 2022
Order intake	124.1	130.9
Total sales1	89.7	48.8
Gross profit	26.5	16.8
Gross profit margin	29.6%	34.4%
EBIT	12.4	6.1
EBIT margin	13.8%	12.5%

• Further increase in order intake yoy driven by multiple orders in the bonding segment, especially for temporary bonding equipment for AI-applications
• Sales increased yoy, driven by bonder business, which more than compensated for the rather weak lithography sales in 2023
• Gross profit margin decreased because of a disproportionately increase in cost of sales and an unfavorable product mix
• EBIT margin decreased from 13.5% to 9.3% (EBIT 2022 includes a positive one-off effect of € 0.8 million)
• Order intake decreased slightly, but remains on a very good level compared to prior years
• High order book (~ €166 million as of December 31, 2023) provides further growth opportunity
• Sales benefited from high order book and improved supply chain situation
• Absolute gross profit and EBIT improved strongly
• Decline in gross profit margin due to additional costs incurred for the ongoing onboarding of new external production partners

1) Total sales include internal sales (sales to other divisions); gross profit margin and EBIT margin are calculated on the basis of total sales.

Reclassification of MicroOptics business characterizes the balance sheet

Assets as of 31 Dec.

3

€ 18.8 million decrease in non-current assets, in particular as a result of the reclassification of the MicroOptics business into current assets ("assets held for sale")

• Increase of € 48.7 million mainly attributable to the reclassification of the MicroOptics noncurrent assets to "assets held for sale" and to the increase in inventories by ~ € 24 million to service the order book of our continuing operations with materials 2
  • Cash and cash equivalents decreased by € 13.3 million

Solid equity ratio of 47.8% at year-end

Liabilities and equity as of 31 Dec. in € million

2

3

Stable equity position

Current liabilities up by € 24.1 million yoy, especially because of reclassification of MicroOptics division to "liabilities associated with assets held for sale" (€ 8.9 m), increased contract liabilities (€ 9.1 m) and higher tax liabilities (€ 4.8 m)

Decrease in non-current liabilities mainly driven by reclassification of MicroOptics segment to "liabilities associated with assets held for sale"

Cash position has decreased by € 13.3 million over the course of the year

*This figure does not include cash and cash equivalents of € 0.6 million from the MicroOptics business

Cash inflow of € 75 million significantly strengthens our financial position

1

Key facts of MicroOptics transaction

• Type: share deal (divestment of 100% of SUSS MicroOptics S.A. shares)
• Transaction volume: ~ € 75 million (includes sale of all shares and repayment of debt)
• Signing: 8 November 2023
• Closing: 15 January 2024
• Expected gain on disposal of the investment: € 58 million

2

Use of proceeds

• Focused spends and capital expenditures in our semiconductor equipment core business, especially in R&D
• Investing in our locations, such as the expansion of clean room capacity for development and manufacturing and energy-efficient modernization of buildings
• Digitization of our business processes and modernization of IT systems
• Improvement of financial position, which helps to pre-finance new orders through the early procurement of materials and to maintain sufficient liquidity for industry-specific volatility

Key ESG indicators published in the 2023 Annual Report

Relative electricity consumption per € million sales reduced by 6% compared to 2022	Share of electricity consumption from renewable energy sources: 49%	Water efficiency (in thousand liters per € million in sales) improved by 26% year on year
Employee turnover rate reduced year-on year from 10.4% to 9.5%	Employee sickness rate down year-on year from 6.8% to 6.3%	Average age of the workforce: 42 years
33 % share of women in Management Board and 40 % share of women in Supervisory Board	Confirmed cases of corruption or bribery: 0 (previous year: 0)	Purchasing volume covered by supplier code of conduct: 39% (up 3 pp year-on year)

ESG is increasingly becoming part of our overall corporate strategy

Sustainability determines the success of companies

For us, ESG starts as early as the product development stage so that our customers can reduce their consumption of resources when using our solutions.

Each year, we provide more information and key figures on our ESG performance.

Agenda

02 01 04

Highlights Full Year 2023

Key Financial Figures 2023

03 Operations update

Outlook 2024

We manufacture our tools at three locations in Germany and Taiwan

Garching (Germany; HQ) Sternenfels (Germany)

• Production:
  • ‒ Mask aligner
• Production facility ~9,000 m²
• 254 employees¹

• Production:
  • ‒ Permanent bonder
  • ‒ Debonder and cleaner (part of temporary bonding portfolio)
  • ‒ Photomask cleaner and bake/developer
• Production facility ~15,000 m²
• 455 employees¹

Hsinchu (Taiwan)

• Development/production:
  • ‒ Temporary bonder
  • ‒ Coater/developer
  • ‒ UV projection scanner
• Production facility ~4,800 m²
• 245 employees¹

We are currently building up temporary bonding capacity in Taiwan

We add 50+ people in Hsinchu in order to build up manufacturing capacity for temporary bonders First temporary bonder 'made in Taiwan' has been completed at the beginning of March 2024 Full capacity to be available in the course of Q3-2024 Once ramp-up is completed, total manufacturing capacity for temporary bonding equipment (bonder, debonder and cleaner) in Sternenfels and Hsinchu should allow us to generate yearly sales of ~ €150 million.

March 27, 2024 © SUSS MicroTec 20

1		2		3
Capacity increase in existing sites		Involvement of external manufacturing partners		Additional manufacturing site
	Idea: growing in the existing operations network by adding additional people		Idea: increased engagement with external manufacturing partners allows us to add capacity and increase flexibility		Idea: adding another European or Asian production site to our network by purchasing an existing fab or building a new one
	Status: currently in progress at the Hsinchu site		Status: building up a network of 5+ strategic partners in Europe and Asia in progress, focusing on bonding and photomask equipment		Status: continuous assessment of options, depending on size and availability of cleanroom capacity, labor potential and local suppliers

Agenda

02 01 04

Highlights Full Year 2023

Key Financial Figures 2023

03 Operations update

Outlook 2024

High order book clearly shows growth path to 2024

Sales projection 2024

Service, spare parts and upgrades

Limited number of orders to be received and delivered in 2024

Sales guidance

340–370 in € million

We want to grow further and increase profitability at the same time

Guidance 2024

We aim to take the next step on the way to our 2025 targets

Our target 2025 (confirmed, even without MicroOptics business) Revenue of € 400 million with an EBIT margin of 15%

*Without MicroOptics business; on the basis of continuing operations, sales growth in 2023 was +17.0% vs. 2022

Investor Relations Information

Sven Köpsel VP Investor Relations, Corporate Communications and Corporate Marketing

Tel. +49 89 32007-151 E-mail sven.koepsel@suss.com

Franka Schielke Senior Manager

Investor Relations

Tel. +49 89 32007-161 E-mail franka.schielke@suss.com

Contact Financial Calendar 2024