Suss Microtec Se · XETR:SMHN
Suss Microtec — Shareholder Meeting (May 2020)
27 slides from Suss Microtec's shareholder meeting presentation, May 20, 2020
Slide 1: SÜSS MicroTec SE Annual Shareholder Meeting 2020
confidential SÜSS MICROTEC SE ANNUAL SHAREHOLDER MEETING 2020 May 20, 2020 SUSS MICROTEC SE - Annual Shareholder Meeting 2020
Slide 2: Disclaimer
DISCLAIMER confidential 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 t
Slide 3: Agenda
AGENDA confidential I. Introduction Süss MicroTec SE II. Review of Fiscal Year 2019 and Q1 / 2020 III. Further Developments and Outlook SUSS MICROTEC SE - Annual Shareholder Meeting 2020 3
Slide 4: SUSS MicroTec is everywhere
SUSS MICROTEC IS EVERYWHERE confidential Smart Home Renewable Energies Real-time Tracking Electronic Components Smart Devices LEDs RF MEMS Smart Health LIDAR Tire Pressure Sensor Light Carpets SUSS MICROTEC SE - Annual Shareholder Meeting 2020 5
Slide 5: Production sites
PRODUCTION SITES confidential Garching Neuchatel Sternenfels Hsinchu (SUSS MicroTec HQ) (Switzerland) (Germany) (Taiwan) Order entry (2019): America 12% EMEA 25% AsiaPacific 63% SUSS MICROTEC SE - Annual Shareholder Meeting 2020 7
Slide 6: Overview SUSS MicroTec
OVERVIEW SUSS MICROTEC confidential Global customer base Production of customized (focus on Asia) equipment for wafer-level Top industry players processing Foundries and OSATS Process consulting Research institutes Technology partner for customers Microchips, RF, Semiconductor and
Slide 7: Agenda
AGENDA confidential I. Introduction Süss MicroTec SE II. Review of Fiscal Year 2019 and Q1 / 2020 III. Further Developments and Outlook SUSS MICROTEC SE - Annual Shareholder Meeting 2020 9
Slide 8: Fiscal Year 2019 and Q1 2020 at a Glance
FISCAL YEAR 2019 AND Q1 2020 AT A GLANCE confidential BUSINESS REVIEW Slow order entry during first 6 month, Significant increase(+45%) in QY 3 and QY4 / 2019 Revenue pattern heavily back-end loaded, approx. 25% of annual sales in December Under utilization during first half year resulted
Slide 9: Decision: Discontinuation of Product Line Scanner
DECISION: DISCONTINUATION OF PRODUCT LINE SCANNER confidential STATUS END OF 2019: All installed 12 Scanner (Gen 2) are fully accepted by customer and running production Next generation Scanner (Gen 3) was evaluated by customer and finally purchased in 2019 Upgrade-Kits (Gen 2.6) were purchase
Slide 10: Auftragseingang: Quartalsweise Entwicklung
AUFTRAGSEINGANG: QUARTALSWEISE ENTWICKLUNG confidential 80 QY1 QY2 QY3 QY4 79,7 70 69 69,1 64,8 66,0 Auftragseingang in Mio. € 60 61,4 59,5 50 48,3 48,4 46,0 46,7 46,7 45,0 44,0 40 41,4 41,2 40,2 39,2 39,2 39,6 39,8 38,2 39,0 36,6 36,7 36,2 36,9 34,9 34,3 30 32,1 32,2 29,1 29,1 30,1 28,5 24,5 25,0 2
Slide 11: Impacts by COVID-19 Pandemic
IMPACTS BY COVID-19-PANDEMY confidential Impacts from market Few customer shipment shifted out of Q1/2020 No cancellations due to COVID-19 so far Demand from tele-communication market segment increased significantly Strong demand for broad band network (5G) due to COVID-19 induced change in
Slide 12: Key Group Figures 2019
KEY GROUP FIGURES 2019 confidential In € million FY 2019 FY 2018 % Delta Order entry 219.3 191.0 14.8 Order backlog 31/12 93.2 84.7 10.0 Sales 213.8 203.9 4.9 EBIT -13.8 10.9 -- EBIT margin -6.5% 5.3% -11.8 p EBIT adjusted 0.5 10.9 - 95.4 EBIT margin adjusted 0.2% 5.3% -5.1 p Earnings after tax -16.
Slide 13: Segment Overview 2019
SEGMENT OVERVIEW 2019 confidential Microoptics Lithography in Mio € 2019 2018 in Mio € 2019 2018 Order entry 23.6 14.2 Order entry 106.0 111.0 Sales 22.6 13.1 Sales 117.3 119.5 EBIT 2.2 0.6 EBIT -19.3 6.3 EBIT margin in % 9.7 4.6 EBIT margin in % -16.4 5.3 Strong growth in order EBIT heavily affecte
Slide 14: Key Group Figures Q1 2020
KEY GROUP FIGURES confidential 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 EBIT adjusted -3.8 3.5 --- EBIT margin adjusted -9.1% 7.4% -16.5% points
Slide 15: Segment Overview Q1 / 2020
SEGMENT OVERVIEW Q1 / 2020 confidential in Mio € Q1 2020 Q1 2019 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 % 0.0 14.9 EBIT margin in % -0.1 -1.6 Strong growth in order entry. Closing cost for SMT PS SU
Slide 16: SÜSS MicroTec: Stock
SÜSS MICROTEC: STOCK confidential Share price development 2019 + Q1/2020 SÜSS MicroTec, indexed TecDAX, indexed Prime IG Semiconductor, indexed 180 Coverage: • Bankhaus Lampe 160 • DZ Bank • MainFirst • ODDO BHF 140 • Warburg Shareholder > 3%: 120 • Dimensional Holdings • Gerlin NV 100 • Janus Hende
Slide 17: Agenda
AGENDA confidential I. Introduction Süss MicroTec SE II. Review of Fiscal Year 2019 and Q1 / 2020 III. Further Developments and Outlook SUSS MICROTEC SE - Annual Shareholder Meeting 2020 19
Slide 18: Megatrends Drive Future Technology
MEGATRENDS DRIVE FUTURE TECHNOLOGY confidential Smart Internet of Factory Things 5G Artificial Technology Intelligence Smart Mobility Health SUSS MICROTEC SE - Annual Shareholder Meeting 2020 20
Slide 19: SUSS MicroTec: Market Environment
SUSS MICROTEC: MARKET ENVIRONMENT confidential Megatrends as market driver: Digitalization, wire-less communication (5G), IoT, mobility, autonomous drive, artificial intelligence… Semiconductor industry is highly innovative and very demanding Mobile telephone: PLC 1-2 years Continuously incr
Slide 20: The Most Important Growth Drivers
THE MOST IMPORTANT GROWTH DRIVERS confidential $420B $1,630B $ 420 B $ 500 B $500B SUSS MICROTEC SE - Annual Shareholder Meeting 2020 23
Slide 21: Processing Substrates for Most Diverse Markets
PROCESSING SUBSTRATES FOR MOST DIVERSE MARKETS confidential Photomask Equipment Exposure Systems Coater/Developer Inkjet Printing Wafer Bonder Microoptics Imprint Solutions Integrated Metrology SUSS MICROTEC SE - Annual Shareholder Meeting 2020 24
Slide 22: Semiconductor Process Flow
SEMICONDUCTOR PROCESS FLOW confidential Front End Wafer Fab Wafer level Packaging Die packaging RDL, Wafer bumping, etc. Dicing, Molding, etc. SUSS field of activity Supporting key processes: Coating Litho Bonding Cleaning etc. 600 – 1000 Steps, Cycle time > 3 month 100 k$ Total Invest 300 mm fab: >
Slide 23: SUSS Strategy 2025: Improved Application Support
SUSS STRATEGY 2025: IMPROVED APPLICATION SUPPORT confidential APPLICATION SUPPORT CLOSE TO CUSTOMERS Hsin-Chu, Taiwan: Production, demo und applications-center (Production Q3, 2020, demo- und app-center >2020) Orlando, Fl, USA: Demo und applications-center (Q3, 2020 due to COVID-19) Neuchatel,
Slide 24: Summary and Focus 2020
SUMMARY AND FOCUS 2020 confidential Productivty & Cost NWC / Inventory Operational Excellence 2019 was a challenging year in the semiconductor industry (Downturn): Despite the downturn a top-line growth was achieved Earnings level below expectation SUSS 2020: Strong market position, attrac
Slide 25: SUSS 2025 Strategy: Significant Growth of Revenue and Earnings
SUSS 2025 STRATEGY: SIGNIFICANT GROWTH OF REVENUE AND EARNINGS confidential 400 Revenue in million € 350 300 250 Development will remain to be cyclical 200 150 100 50 0 p - Potential 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2025p Goal 2
Slide 26: Guidance 2020
GUIDANCE 2020 confidential Q2 + Q3 2020: Order entry of € 100 million to € 115 million FY 2020*: Sales of € 230 million to € 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) *) guidance might be
Slide 27: SUSS MicroTec SE Annual Shareholder Meeting 2020
confidential SUSS MICROTEC SE Annual Shareholder Meeting 2020 SUSS MICROTEC SE - Annual Shareholder Meeting 2020