Ichor Holdings · NASDAQ:ICHR

Ichor — Investor Presentation (November 2020)

13 slides from Ichor's investor presentation, November 2020

  1. Slide 1: Investor Presentation Q4 2020 Update

    Investor Presentation Q4 2020 Update 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 Overview

    Ichor Overview World’s Leading Provider of Critical Fluid Delivery Subsystems and Components for Semiconductor Capital Equipment  Gas and chemical delivery subsystems Gas Delivery Chemical Delivery are key elements of process tools used in Subsystems Subsystems the manufacturing of semiconductor de

  4. Slide 4: Investment Highlights

    Investment Highlights Combining Revenue Outperformance and Increasing Profitability to Drive Earnings Leverage and Free Cash Flow  Revenue outperforming the industry... Outpacing industry, peers, and customers with 5- year CAGR of 25% vs. WFE growth of 12%… 2020 Revenues up 45% YoY at Q4 midpoint(1

  5. Slide 5: Revenue Growth Outperforming WFE and Primary Process Tool SAM

    Revenue Growth Outperforming WFE and Primary Process Tool SAM WFE(1) Dry Etch + CVD(2) Ichor Revenue(3) WFE in $B SAM in $B Ichor Revenues ($M) $57 $54 $902 $22 $50 $21 $824 $48 $19 $18 $656 $621 $36 $32 $12 $11 $406 $291 2015 2016 2017 2018 2019 2020E 2015 2016 2017 2018 2019 2020E 2015 2016 2017 2

  6. Slide 6: Key Technology Transitions Driving Growth in Ichor SAM

    Key Technology Transitions Driving Growth in Ichor SAM WFE Intensity Increasing(1) Etch & Deposition Intensity Increasing(2) EUV Ramping(3) 14% 2.50 WFE as % of Semi. Rev. 3D NAND SAM DRAM SAM Foundry/Logic SAM EUV Est. Sales ($B) 13% 2.00 $7 $6 12% 1.50 $5 $4 11% 1.00 $3 10% 0.50 $2 $1 9% - $- 2015

  7. Slide 7: Expanding SAM of $4B with Multiple Growth Opportunities

    Expanding SAM of $4B with Multiple Growth Opportunities Approx. 65% of WFE Market Requires Fluid Delivery Subsystems or Components Established Position Opportunity Served Markets and Market Opportunity Customer Chemical Delivery Sub-Assembly Gas Delivery Precision Machining Other Components ($1.5B)

  8. Slide 8: Drivers of 2020 Revenue Growth Outperformance

    Drivers of 2020 Revenue Growth Outperformance Gaining Share Gaining Share Gaining Share Gaining Share in Gas in Chemical in Precision in Weldments Delivery Delivery Machining Contributed $70M of Incremental Revenues from Share Gains in 2019 with $100M Annualized Run-Rate entering 2020 Continued Outp

  9. Slide 9: Key Financial Strategies

    Key Financial Strategies Outgrow the Industry Drive Gross Margin Improvement Focus on Semi: next-generation device nodes Grow share in higher-margin require more fluid delivery components businesses e.g., Weldments & Precision Machining Levered to Etch, Deposition, and EUV Increase content of propri

  10. Slide 10: Quarterly Momentum at Top and Bottom Lines

    Quarterly Momentum at Top and Bottom Lines ($ in millions, except per share data)  6 Straight Quarters of Sequential (Revenue) (EPS) Revenue Growth Reported Through Q3 $250 $0.80 $233  Strong Earnings Leverage $228 $220 $222 $0.70  EPS growth outpacing revenue growth by $0.68 ~2x YTD in 2020(1) $

  11. Slide 11: Target Model with Significant Operating Leverage

    Target Model with Significant Operating Leverage ($ in millions) Annual Results 1st 9 mo. Target 2016 2017 2018 2019 2020(1) Model Revenue $406 $656 $824 $621 $669 Gross Margin 16% 16% 17% 14% 14% 19% - 20% Operating Expenses 7% 6% 6% 8% 6% 6% Operating Margin 9% 11% 11% 6% 8% 13% - 14% EBITDA Margi

  12. Slide 12: Conclusion

    Conclusion Industry-Leading Execution of Strategic Objectives Business Objectives Financial Objectives Expanding Share at Top Semi Cap  Customers  Revenue Growth Outpacing Industry Expanding Product Offerings & IP Strong Profitability Through Industry  Content  Cycles Financial Model with Operat

  13. Slide 13: NASDAQ: ICHR

    NASDAQ: ICHR Proprietary 13

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