Suss Microtec Se · XETR:SMHN
Suss Microtec — FY2020 Earnings Presentation
11 slides from Suss Microtec's earnings presentation, Apr 9, 2021
Slide 1: SUSS MicroTec Annual Figures for Fiscal Year 2020
SUSS MICROTEC ANNUAL FIGURES FOR FISCAL YEAR 2020 April 9, 2021 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, estimate
Slide 2: Financial Year at a Glance
FINANCIAL YEAR AT A GLANCE Order entry increased by more than 28% yoy Sales went up by more than 17% yoy Strongly improved GP- and EBIT-margins yoy Free Cashflow and net cash rose considerably yoy Good business in all segments except Microoptics Acquisition of PiXDRO ink-jet-coating tech
Slide 3: Key Group Figures 2020
KEY GROUP FIGURES 2020 in € M FY 2020 FY 2019 Change Q4 2020 Q4 2019 Change Order entry 281.1 219.3 +28.2% 74.4 61.4 +21.2% Order Backlog 120.1 93.2 +28.9% -- -- -- Sales 252.1 213.8 +17.9% 78.2 82.7 -5.4% EBIT 20.4 -13.8 -- 8.3 -8.1 -- EBIT margin 8.1% -6.5% +14.6%pts 11.2% -9.8% 21.0%pts EAT 12.4
Slide 4: Order Entry and Sales by Region
ORDER ENTRY AND SALES BY REGION ORDER ENTRY: SPLIT PER SEGMENT 155.1 Comments: 100 93.6 In € M 90 80.7 + Overall the order entry level increased over the 80 74.4 last years to an quarterly average of € 70M 69.0 Microoptics 70 66.0 61.4 60 Photomask + Order entry in Q2 2020 and Q1 2021 include 50 Equ
Slide 5: Segment Overview FY 2020
SEGMENT OVERVIEW FY 2020 Lithography Photomask Equipment in € M FY 2020 FY 2019 in € M FY 2020 FY 2019 Sales 141.4 117.3 Sales 57.7 46.4 GP (margin) 43.8 (31.0%) 14.8 (12.6%) GP (margin) 23.1 (40.0%) 16.6 (35.8%) EBIT (margin) 9.0 (6.4%) -19.3 (-16.5%) EBIT (margin) 15.3 (26.5%) 9.8 (21.1%) + Specia
Slide 6: Main Balance Sheet Items
MAIN BALANCE SHEET ITEMS Assets Liabilities & Shareholder‘s Equity in € thousand FY 2020 FY 2019 in € thousand FY 2020 FY 2019 NON-CURRENT ASSETS 65,398 55,109 Equity 136,504 125,388 CURRENT ASSETS 166,007 144,789 NON-CURRENT 32,563 24,468 LIABILITIES Inventories 72,983 75,047 Pensions 6,396 6,037 T
Slide 7: Cash Flow – Strong Improvement of Free Cash Flow
CASH FLOW – STRONG IMPROVEMENT OF FREE CASH FLOW Cash Flow Operating Activities Investing Activities Comments: 55.2 12 11.2 60 In € M In € M 50 10 + € 5M + Operative CF improved due to 40 30 8 6.1 + better profitability, 20 + € 86M 6 10 + higher customer deposits and 0 4 -10 FY 2019 FY 2020 + improv
Slide 8: Strategic Decision: Restart Scanner Production in Asia
STRATEGIC DECISION: RESTART SCANNER PRODUCTION IN ASIA 2020: Discontinuation of product lines stepper/scanner & laser tools at Suss MicroTec Photonic Systems in Corona, USA, due to weak market outlook Negative effects: 2019: € -14.2M one-off write-offs 2020: € -2.6M (net) closure costs Rever
Slide 9: Market Estimates and Longer Term Outlook
MARKET ESTIMATES AND LONGER TERM OUTLOOK Very high market activity – continuously strong order entry numbers expected Some uncertainties remain due to COVID-19 pandemic and US/China trade barriers ZVEI expects semiconductor market to grow by 8-10% in 2021 to € 480M Semiconductor equipment ma
Slide 10: Guidance 2021
GUIDANCE 2021 € 270 - 290M 9 - 11% € 12 - 18M SUSS MicroTec SE – Investor Presentation 10
Slide 11: SUSS MicroTec SE contact details
SUSS MicroTec SE | Schleissheimer Str. 90 | 85748 Garching | www.suss.com