Ichor Holdings · NASDAQ:ICHR

Ichor — Cowen Virtual Technology, Media & Telecom Conference 2020

13 slides from Ichor's conference presentation, May 27, 2020

  1. Slide 1: Investor Presentation

    Investor Presentation Cowen Virtual Technology, Media & Telecom Conference May 27, 2020 Proprietary 1

  2. Slide 2: Forward-Looking Statements, Non-GAAP Financials and COVID-19

    Forward-Looking Statements, Non-GAAP Financials and COVID-19 This Presentation and the accompanying oral presentation include “forward‐looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended,

  3. Slide 3: Ichor Investment Highlights

    Ichor Investment Highlights Enabling semiconductor manufacturing equipment with high-performance fluid delivery systems  Leading supplier of fluid delivery systems…for the semiconductor capital equipment industry  Revenue outperformance...outpacing industry and customers with 20% Revenue CAGR 2014

  4. Slide 4: Leading Provider – Gas Delivery Subsystems

    Leading Provider – Gas Delivery Subsystems Gas Delivery Subsystems Dry Process Equipment Transfer Chamber Factory Interface Mainframe Gas Delivery Subsystem Chamber/ Process Module Current Ichor Product Process  Used for dry etch, CVD, epitaxy, PVD, lithography and RTP  Requires precise control of

  5. Slide 5: Expanding Share in Chemical Delivery Subsystems

    Expanding Share in Chemical Delivery Subsystems Chemical Delivery Subsystems Wet Process Equipment Controls Assembly Factory Interface Transfer Process Chamber Module Chemical Delivery System Process Current Ichor Product  Used for CMP, wet clean and electroplating  Precisely blends and dispenses

  6. Slide 6: Increasing Customer Footprint in Weldments and Precision Machining

    Increasing Customer Footprint in Weldments and Precision Machining Weldments & Subassemblies Precision Machining  Used in dry etch, CVD, epitaxy, PVD, lithography  Used in dry etch, CVD, epitaxy, PVD, and RTP processes lithography and RTP processes  Critical to the delivery of process gasses  Cu

  7. Slide 7: Revenue Growth Outperforming WFE and Process Tool SAM

    Revenue Growth Outperforming WFE and Process Tool SAM WFE (1) Dry Etch + CVD+ CMP (2) Ichor Revenues WFE in $B SAM in $B Ichor Revenues in $M $23 $824 $54 $53 $21 $48 $49 $20 $656 $621 9% CAGR $36 13% CAGR $32 $32 $14 $12 20% CAGR $406 $11 $291 $249 2014 2015 2016 2017 2018 2019 2020E 2014 2015 2016

  8. Slide 8: Multiple Drivers for Revenue Growth Outperformance

    Multiple Drivers for Revenue Growth Outperformance  Gaining Share in Gas Delivery  Expanding Our Footprint and Overall Market Share in Weldments  Achieving Incremental Revenue Growth and Market Share in Liquid Delivery  Gaining Share and Expanding Our Footprint in Precision Machining Together Co

  9. Slide 9: Expanding SAM of $4B with Multiple Opportunities for Growth

    Expanding SAM of $4B with Multiple Opportunities for Growth Established Position Opportunity Served Markets and Market Opportunity Customer Chemical Delivery Sub-Assembly Gas Delivery (including LDM) (Weldments) Precision Machining Other Components ($1.5B) ($0.7B) ($1.0B) ($0.6B) ($0.2B) 1 U.S. 2 Ne

  10. Slide 10: Recent Financial Performance and Guidance

    Recent Financial Performance and Guidance ($Millions) (EPS) $300 $1.20  Record of Revenue Growth Outperforming $1.10 WFE: $250 $1.00  5-Yr CAGR of 20% through 2019 $0.90  1H’20 +52% vs. 1H’19 at midpt.* $200 $0.80  Solidly Profitable Through Industry $0.70 Downturn $150 $0.60  Strong Revenue an

  11. Slide 11: Target Model with Significant Operating Leverage

    Target Model with Significant Operating Leverage Annual Results Target 2016 2017 2018 2019 Model Revenue ($M) $406 $656 $824 $621 Gross Margin 16% 16% 17% 14% 19% - 20% Operating Expenses 7% 6% 6% 8% 6% Operating Margin 9% 11% 11% 6% 13 - 14% Non-GAAP Net Margin 8% 10% 9% 5% 12%+ Non-GAAP EBITDA Mar

  12. Slide 12: Industry-Leading Execution of Strategic Objectives

    Industry-Leading Execution of Strategic Objectives BUSINESS OBJECTIVES FINANCIAL OBJECTIVES Expanding Share at Top SemiCap Customers  Revenue Growth Outpacing Industry  Expanding Product Offerings  Strong Profitability Through Industry Cycles  Expanding Customer Base  Financial Model with Opera

  13. Slide 13: NASDAQ: ICHR

    NASDAQ: ICHR Proprietary 13

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