Slide 1: Supplemental Investor Presentation
Supplemental Investor Presentation Earnings Release – First Quarter 2025 May 8, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Certain statements contained in this presentation are not historical facts and may be forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and simil
Slide 3: Q1 2025 Summary
Q1 2025 Summary Q1 2025 Financial Results • $172.3 million revenue (up 13% y/y); total shipments of $157 million (down 36% y/y) • 47.9% GAAP gross margin (versus 52.0% in Q1 2024) • 48.2% non-GAAP gross margin (versus 52.5% in Q1 2024) • $25.8 million GAAP operating income (up 2.2% y/y; 15.0% of rev
Slide 4: Q1 2025 Revenue Detail
Q1 2025 Revenue Detail Revenue by Product: Q1’25 vs Q1’24 Cleaning • $129.6M revenue (up 18.4%) 13.2% • Revenue mix 75% vs. 72% $172.3M $152.2M 9% Advanced Packaging & Other 11% 16% ECP, Furnace & Other ECP, Furnace & Other 17% • $27.6M revenue (up 7.1%) • Revenue mix 16% vs. 17% 75% Cleaning Advanc
Slide 5: Innovative Product Introductions Expanding Serviceable Available Market
Innovative Product Introductions Expanding Serviceable Available Market (“SAM”) 1 PECVD | $4.7B Introduced late 2022 Track | $2.8B Introduced late 2022 Estimated 2024 SAM of $18 billion addressed by 2020: Furnace, LPCVD, Furnace | $2.3B ACM Research’s current Vacuum Anneal, High- Temperature Oxidati
Slide 6: Long-Term Target for $3B+ in Revenue
Long-Term Target for $3B+ in Revenue Advanced Packaging & Other Long-Term Target Composition > $3B* ECP, Furnace & Other ACM Research Cleaning Mainland China ACM Research SAM1 China SAM2 Share3 Revenue Cleaning $5.9B $1.7B 55% $910M ECP $1.0 $0.3 55% $155 Furnace $2.3 $0.7 15% $100 PECVD $4.7 $1.3 1
Slide 7: Tier One Customer Base
Tier One Customer Base Back-End and Wafer Mfg Front-End Customers Customers • ACM 2024 Revenue %: 14% • ACM 2024 Revenue %: 12% • ACM 2024 Revenue %: 15% • Mainland China’s largest foundry • Major new entrant into NAND flash and DRAM • Leading advanced foundry in China industry • Tier-one customers
Slide 8: ACM Shanghai Facilities
ACM Shanghai Facilities ACM Shanghai HQ and R&D Center Chuansha Production Facilities Lingang R&D and Production Center • ACM Shanghai Headquarters and China R&D • Located in Chuansha area of Pudong district, • Lingang R&D and Production Center Center approximately 11 miles from ACM Shanghai’s Zhang
Slide 9: ACM Oregon R&D and Clean Room Facility
ACM Oregon R&D and Clean Room Facility 6357 NE Evergreen Parkway, Hillsboro, Oregon • Purchased October 1, 2024 • 39,500 sq. feet facility including 5,200 sq. feet clean room • To further expand ACM’s R&D and demonstration capability in the U.S. market 9
Slide 10: 2025 Outlook
2025 Outlook • Maintain 2025 Revenue Guidance Range: $850M - $950M • Outlook reflects, among other things: • Current assessment of the continuing impact from international trade policy • Various expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for
Slide 11: Q1 2025 Financial Results
Q1 2025 Financial Results Revenue Non-GAAP Gross Profit +13.2% +4.0% $172.3M $79.9M $83.1M $152.2M 52.5% 48.2% Q1‘24 Q1’25 Q1’24 Q1’25 EPS Balance Sheet Finished goods inventory GAAP Non-GAAP End ing cash & ca sh equ ivale nts 1 $0.30 $0.52 $498M $0.26 $0.46 $367M $369M $442M $288M $263M $279M $299M
Slide 12: Appendix
Appendix
Slide 13: Q1 2025 GAAP to Non-GAAP Reconciliation
Q1 2025 GAAP to Non-GAAP Reconciliation Three Months Ended March 31, 2025 2024 Actual Other non- Adjusted Actual Other non- Adjusted SBC operating SBC operating (GAAP) (Non-GAAP) (GAAP) (Non-GAAP) adjustments adjustments (In thousands) Revenue $ 172,347 $ - $ - $ 172,347 $ 152,191 $ - $ - $ 152,191