Suss Microtec Se · XETR:SMHN
Suss Microtec — Investor Presentation (November 2019)
30 slides from Suss Microtec's investor presentation, November 2019
Slide 1: SÜSS MicroTec SE Investor Presentation
SÜSS MicroTec SE INVESTOR PRESENTATION November 2019
Slide 2: Disclaimer
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 subj
Slide 3: Agenda
AGENDA I. Overview II. SUSS 2025 Strategy III. Results of H1 2019 SÜSS MicroTec SE Investor Presentation 3
Slide 4: SUSS MicroTec is everywhere
SUSS MICROTEC IS EVERYWHERE SÜSS MicroTec SE Investor Presentation 4
Slide 5: SUSS MicroTec is everywhere
SUSS MICROTEC IS EVERYWHERE Renewable Energies Smart Home Real-time Tracking Smart Devices Electronic Components LEDs RF MEMS Smart Health LIDAR Tire Pressure Sensor Light Carpets SÜSS MicroTec SE Investor Presentation 5
Slide 6: Megatrends drive future technology
MEGATRENDS DRIVE FUTURE TECHNOLOGY Smart Internet of Factory Things 5G Artificial Technology Intelligence Smart Mobility Health SÜSS MicroTec SE Investor Presentation 6
Slide 7: Megatrends in the semiconductor industry
MEGATRENDS IN THE SEMICONDUCTOR INDUSTRY $ 420 B $ 500 B SÜSS MicroTec SE Investor Presentation 7
Slide 8: The most important growth drivers
THE MOST IMPORTANT GROWTH DRIVERS $420B $1,630B $ 420 B $ 500 B $500B SÜSS MicroTec SE Investor Presentation 8
Slide 9: Product portfolio: wafer-level processing
PRODUCT PORTFOLIO: WAFER-LEVEL PROCESSING Photomask Equipment Exposure Systems Coater/Developer Laser Processing Wafer Bonder Microoptics Imprint Solutions Integrated Metrology SÜSS MicroTec SE Investor Presentation 9
Slide 10: Semiconductor process flow
SEMICONDUCTOR PROCESS FLOW Front End Wafer Fab Wafer level Packaging Die packaging RDL, Wafer bumping, etc. Dicing, Molding, etc. SUSS field of activity Supporting key processes: Coating Litho Bonding Cleaning etc. 600 – 1000 Steps, Cycle time > 3 month 100 k$ Total Invest 300 mm fab: >4 B$ We are h
Slide 11: Products and segments
PRODUCTS AND SEGMENTS Segments Photomask Lithography Bonder Microoptics Photomask Laser Exposure Coater/ Bonding Micro optical Products Equipment Systems Equipment Developer Systems Components Process Photomask Laser Proximity Coating Bond Alignment Steps Cleaning Processing Exposure Developing Perm
Slide 12: Production sites
PRODUCTION SITES Corona Neuchatel Garching Sternenfels Hsinchu (California) (Switzerland) (SUSS MicroTec HQ) (Germany) (Taiwan) SÜSS MicroTec SE Investor Presentation 12
Slide 13: SUSS MicroTec – a global player
SUSS MICROTEC – A GLOBAL PLAYER 5 Development & Production Sites 26 Sales & Service Locations | ~1000 Employees NORTH AMERICA EUROPE ASIA USA (HQ) Germany France Japan China Singapore United Kingdom Switzerland Korea Taiwan (HQ) Germany SUSS sites WW distributors SÜSS MicroTec SE Investor Presentati
Slide 14: Overview SÜSS MicroTec
OVERVIEW SÜSS MICROTEC Global customer base Production of customized (focus on Asia) equipment for wafer-level processing Top industry players Process consulting Foundries and OSATS Technology partner for Research institutes customers 2018 at a Glance in Mio € Sales 203.9 EBIT 10.9 EBI
Slide 15: Agenda
AGENDA I. Overview II. Strategy SUSS 2025 III. Results of H1 2019 SÜSS MicroTec SE Investor Presentation 15
Slide 16: 2025 Strategy - Overview
SUSS 2025 STRATEGY - OVERVIEW MARKET CONDITIONS Megatrends are driving our business, great market outlook Semiconductor industry is highly innovative and very demanding Mobile phones, PLC 1-2 years Increased data volume every year Autonomous driving car: 1 TB / day Customers expect stron
Slide 17: 2025 Strategy: Increase in sales
SUSS 2025 STRATEGY: INCREASE IN SALES Sales in € million 400 350 Cyclical course is also expected in the future 300 250 200 150 100 50 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2025p p - Potential New products and markets Existing products
Slide 18: 2025 Strategy: Strategic targets
SUSS 2025 STRATEGY STRATEGIC TARGETS Top-line growth Attractive products for maximum productivity and best in class yield Additional features to increase attractiveness Improved operations and profitability Focus on quality and delivery times Reduce costs, Increase cash flow Exceed cus
Slide 19: 2025 Strategy: Targets - new offerings
SUSS 2025 STRATEGY: TARGETS NEW OFFERINGS TO START THE GROWTH IN 2019 AND BEYOND SUSS MicroOptics penetrates new market (automotive) SUSS Photomask Equipment market leader for EUVL mask processing Highly competitive scanner technology evaluated by customer Training and development of staff …
Slide 20: 2025 Strategy: Increasing productivity
SUSS 2025 STRATEGY: TARGETS INCREASING PRODUCTIVITY Operational Excellence Program started in autumn 2018 Strong focus on net working capital management (inventory) to improve net liquidity Globalization of strategic purchasing Re-organization of production processes for more transparency an
Slide 21: 2025 Strategy: Reaching out to our customers
SUSS 2025 STRATEGY: TARGETS REACHING OUT TO OUR CUSTOMERS Hsin-Chu, TW: Production, demo and application center for Asian customers (Q2, 2020) Orlando (Fl, USA): Demo and application center for NA customers (Q1, 2020) Neuchatel, CH: Center for imprinting applications (Q2 2020) Garching, DE:
Slide 22: Strategy: Analyst estimates for markets
SUSS STRATEGY: ANALYST ESTIMATES FOR MARKETS “Worldwide semiconductor revenue is forecast to total $429 billion, a decline of 9.6% from $457 billion in 2018.” (Gartner, July 2019) “Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to drop 18.
Slide 23: Agenda
AGENDA I. Overview II. Strategy SUSS 2025 III. Results of Q3 2019 SÜSS MicroTec SE Investor Presentation 23
Slide 24: Highlights Q3 2019 and general business update
HIGHLIGHTS Q3 2019 AND GENERAL BUSINESS UPDATE Continuously strong Photomask Equipment and Micro-optics business Order entry increase seen in late Q3 Significant amount of equipment (approx. € 30 million) ready to be shipped Order entry 9M 2019: € 157.8 million Q3: € 66.0 million Sales 9M
Slide 25: Key group figures 9M 2019
KEY GROUP FIGURES 9M 2019 In € million Q3 2019 Q3 2018 Delta Q3 9M 2019 9M 2018 Delta 9M 2019/2018 2019/2018 Order entry 66.0 47.0 40.4% 157.8 125.2 26.0% Order backlog --- -- 115.3 90.0 28.1% Sales 37.1 38.6 -3.9% 131.1 132.8 -1.3% EBIT -4.9 -1.6 -5.7 6.8 --- EBIT margin -13.2% -4.1% -9,1 points -4
Slide 26: Segment overview 9 months 2019
SEGMENT OVERVIEW 9 MONTHS 2019 in Mio € in Mio € Order entry 17.7 Order entry 72.0 Sales 16.2 Sales 72.4 EBIT 2.7 EBIT -8.1 EBIT margin in % 16.7 EBIT margin in % -11.2 EBIT margin w/out -1.7% Corona Significant growth in order entry and sales Solid order entry in Mio € in Mio € Order entry 14.8 Ord
Slide 27: Order entry: quarterly performance
ORDER ENTRY: QUARTERLY PERFORMANCE 80 QY1 QY2 QY3 QY4 79,7 70 69 66,0 64,8 60 59,5 Order entry in € million 50 48,3 48,4 46,0 46,7 46,7 44,0 45,0 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 20 10 0 2011 2012 2013 2014 2015
Slide 28: Guidance 2019
GUIDANCE 2019 Fiscal year 2019: Sales of € 200 to € 215 million EBIT margin ~ 4.0 % - 5.0% Q4 2019 + Q1 2020: Order entry of more than € 95 million SÜSS MicroTec SE Investor Presentation 28
Slide 29: Share price, coverage, shareholders
SHARE PRICE, COVERAGE, SHAREHOLDERS Share Performance in 2019 150 TecDAX, indexed Coverage: Prime IG Semiconductor, indexed 140 SÜSS MicroTec, indexed • Baader • Bankhaus Lampe 130 • DZ Bank • Kempen • NIBC 120 • ODDO BHF • Warburg 110 Shareholders > 5%: 100 • Gerlin NV 90 • Janus Henderson • Kempen
Slide 30: SUSS MicroTec moves future technology
SUSS MICROTEC MOVES FUTURE TECHNOLOGY [email protected] +49 (0)89 32007-161 SÜSS MicroTec SE Investor Presentation 30
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