Asmpt Limited · HKEX:522
Asmpt — Q2 2021 Earnings Presentation
22 slides from Asmpt's earnings presentation, Jul 28, 2021
Slide 1: Q2 2021 Earnings Presentation
Q2 2021 EARNINGS PRESENTATION 28th July 2021 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided for These forward-looking statements reflect the Company’s current informational purpose only, and should not be relied upon for the expectations, beliefs, hopes, intentions or strategies regarding the purpose of making any invest
Slide 3: Agenda
AGENDA Key Highlights Financial Performance Outlook Q&A 3
Slide 4: Key Highlights
ASM & Pacific Technology KEY HIGHLIGHTS
Slide 5: Q2 2021 Group Key Highlights
Q2 2021 Group Key Highlights Superior Operational and Fulfilment Execution Strong Performance from Advanced Packaging Strategic Focus on Long-term Profitability 5
Slide 6: Financial Performance
FINANCIAL PERFORMANCE 6
Slide 7: Q2 2021 Group Financial Results
Q2 2021 Group Financial Results Revenue Exceeded Guidance and Bookings Better than Expected US$667m US$943m Revenue Bookings Gross Cash and Bank Net Profit Margin Backlog Deposits 40.6% HK$732m US$1.49b 7
Slide 8: Q2 / 1H 2021 Group Financial Performance
Q2 / 1H 2021 Group Financial Performance Record 1H Revenue and Bookings 2,500 Q2 Group revenue exceeded guidance 1,952 2,000 Sequential improvement in GM – Q3 2020 to Q2 2021 1,500 USD’M 1,226 1,009 943 1,000 559 667 500 Record backlog of US$1.49b 0 Q1 2021 Q2 2021 1H 2021 Bookings Revenue 1H21 stro
Slide 9: Q2 / 1H 2021 Semiconductor Solutions Segment Performance
Q2 / 1H 2021 Semiconductor Solutions Segment Performance Scaled External Manufacturing Capacity to Capture Strong Demand 1,400 1,238 1,200 Three consecutive quarters of revenue and profit growth 1,000 756 USD’M 800 685 600 553 349 408 Strong Q2 bookings for mainstream die and wire bonding tools, and
Slide 10: Q2 / 1H 2021 SMT Solutions Segment Performance
Q2 / 1H 2021 SMT Solutions Segment Performance Record Bookings 800 714 700 Two quarters of record bookings 600 500 470 Sharp improvement in Q2 GM USD’M 390 400 325 300 259 211 200 100 Q2 revenue grew QoQ for mainstream high-end placement tools 0 Printing tools experienced increased demand on the bac
Slide 11: Key partner to industry leading customers
Key partner to industry leading customers We Serve Industry-Leading Semiconductor and Electronics Manufacturers Across the Globe 1H 2021 Segment Revenue Contribution (by geography) China Top customers include leading 53% companies in: Europe 12% • Integrated Device Manufacturers (IDMs) • Outsourced
Slide 12: Key End-Market Applications
Key End-Market Applications Growing Demand Across Several End-Market Applications 1H 2021 Revenue Mix* Mobile Phones EV Charging Wired Infrastructure Smart Factories Wireless Infrastructure Smart Offices Communication Other Industrial Industrial TV Visual Sensors Wearables Consumer Infotainment Audi
Slide 13: 1H 2021 Group Billing Application Trends
1H 2021 Group Billing Application Trends All Three End Applications Witnessed Significant HoH and YoY Growth Consumer ▪ Demand for wearables, gaming consoles, conventional fine pitch RGB displays and general lighting driving growth ▪ Closely engaging key customers in Mini LED Automotive 13 ▪ Continu
Slide 14: Strong Advanced Packaging Performance from Broadening Customer Base
Strong Advanced Packaging Performance from Broadening Customer Base The Group's diverse AP portfolio spans wafer-level to die-level high-accuracy placement tools and SiP placement tools, addressing a broad range of packaging technologies (2.5D, 3D-IC, Fan-in, Fan-out Wafer-Level and SiP) Revenue con
Slide 15: Dividend Per Share
1H 2021 Dividends YoY Increase of ~86% Dividend Payout (%) FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 1H 21 Annual Dividend 32% 53% 61% 53% 59% 53% 36% 49% 132% 68% Payout Dividend Per Share 0.8 1.4 1.3 0.7 2.0 (HKD) 1.3 1.1 0.4 1.6 0.3 0.5 1.2 1.3 1.3 1.3 1.0 0.8 0.8 0.7 0.6 0.4 FY2011 FY201
Slide 16: Outlook
ASM Pacific Technology
Slide 17: Financial Outlook
Financial Outlook Q3 2021 Revenue Guidance Supported by Record Backlog Q3 2021 Revenue Outlook USD 730m to USD 780m 2H 2021 revenue to remain strong 17
Slide 18: Financial Appendix
ASM Pacific Technology 18
Slide 19: Group Balance Sheet Highlights
Group Balance Sheet Highlights Shareholders’ Equity Capital Expenditure 1,800 (USD’M) 120 (USD’M) 1,750 100 1,700 1,650 80 1,600 1,550 60 1,745 104 1,500 1,702 1,450 40 82 88 1,553 1,400 1,494 50 1,350 1,456 20 1,300 0 13 FY2017 FY2018 FY2019 FY2020 1H 2021 FY2017 FY2018 FY2019 FY2020 1H 2021 700 Ca
Slide 20: Group Balance Sheet Highlights
Group Balance Sheet Highlights Accounts Receivable1 Inventory1 Cash Conversion Cycle1 (Days) 800 1,000 290 700 900 270 600 800 700 500 250 600 USD’M USD’M 400 500 230 400 272 300 260 260 210 256 300 241 200 200 190 100 100 0 0 170 2017 2018 2019 2020 1H 2021 2017 2018 2019 2020 1H 2021 2017 2018 201
Slide 21: Q&A
Q&A 21
Slide 22: Thank You
& Pacific Technology