At & S Austria Technologie & Systemtechnik Aktiengesellschaft · VIE:ATS
At & S Austria Technologie & Systemtechnik Aktiengesellschaft — Corporate Update (April 2020)
22 slides from At & S Austria Technologie & Systemtechnik Aktiengesellschaft's corporate update, Apr 23, 2020
Slide 1: AT&S Conference call: Current business environment
AT&S First choice for advanced applications Current business environment Conference call 23th April 2020 www.ats.net
Slide 2: Operative update
Operative update AT&S has managed the situation successfully so far AT&S in China has been manufacturing at all sites again since mid-February Almost all employees have returned to all plants in China Production site in India is confronted with restrictive execution of imposed government measures AT
Slide 3: Market update
Market update Current developments is causing uncertain consumer behaviour Increasing data volumes caused by more home-office or videoconferencing will lead to an even higher demand for datacenters or 5G infrastructure So far no major order cancellations, but orders have been shifted in Automotive a
Slide 4: Outlook
Outlook Guidance for 2019/20 confirmed Revenue level of around € 960 million with an EBITDA margin of 18% to 20% Preliminary results to be published on 14th May Capex 2019/20 to be expected slightly below guidance (timing variances) Economic impact of the COVID-19 pandemic on the financial year 2020
Slide 5: Solid finance structure
Solid finance structure Existing fund and cashflow generation help to meet repayments and capex needs 1,161.1 High level of existing liquid funds Cash: € 432.7 million Financial assets: € 191.9 million 536.5 Unused credit lines Additional unused credit lines of € 536.5 million 191. 9 624.6 432. 7 33
Slide 6: Investor key messages
Investor key messages Fundamental environment in electronics industry intact despite Covid-19 impact Trends enable profitable growth in high-end printed circuit board and substrates business Long-term growth opportunities remain AI, 5G, automation and modules drive the market and mid-term growth per
Slide 7: Q1-3 2019/20 Financials and Key Figures
Q1-3 2019/20 Financials and Key Figures AT & S Austria Technologie & Systemtechnik Aktiengesellschaft | Fabriksgasse 13 | A-8700 Leoben Tel +43 (0) 3842 200-0 AT&S Conference Call – Current business environment www.ats.net6
Slide 8: Revenue and EBITDA development
Revenue and EBITDA development Revenue split by segment: Q1-3 2019/20 790.1 753.2 31% Mobile Devices & Substrates 69% Automotive, Industrial, Medical Revenue split by region*: Q1-3 2019/20 273.3 267.6 262.9 7% 237.9 222.7 220.5 8% Americas 156.4 16% Germany/Austria 82.2 66.2 55.3 69% Asia 29.6 34.9
Slide 9: Growth Drivers
Growth Drivers AT & S Austria Technologie & Systemtechnik Aktiengesellschaft | Fabriksgasse 13 | A-8700 Leoben Tel +43 (0) 3842 200-0 AT&S Conference Call – Current business environment www.ats.net8
Slide 10: Growth potential in all segments
Growth potential in all segments Further opportunities by increased trend to digitalization Communication Consumer / Computer Automotive Industrial / Medical Increased digital New applications Autonomous driving Automation networking (IoT) (smartwatch, speakers, RADAR, LiDAR, camera Machine-to-machi
Slide 11: 5G – the new standard for connectivity
5G – the new standard for connectivity Smartphone growth opportunities Total smartphones [units] 5G smartphones [units] 5G will reach 30% of total market by 2024 2019: 27 million 5G smartphones require high-end technologies like offered by AT&S 2019: 1,459 million Ongoing projects with leading OEMs
Slide 12: Big Data – additional growth opportunities ahead
Big Data – additional growth opportunities ahead Data volume growth drives the need for high-end processor modules Connected Devices (units) Data volume (Zettabytes) High-end processor modules 2019 2019 2024 38 billion 2024 40ZB 52 billion 137ZB 7% CAGR 28% CAGR Source: Prismark (2019), Yole (2019)
Slide 13: Big Data – additional growth opportunities ahead
Big Data – additional growth opportunities ahead High-end IC substrates with strong growth – driven by AI and memory integration High-end processor modules (units) High-end IC substrates (US$) 2019 2024 2019 2024 1.1 billion 1.3 billion 4.8 billion 8.3 billion CAGR 3% CAGR 11% More powerful processo
Slide 14: IC substrates business in Chongqing
IC substrates business in Chongqing Investment backed by sufficient demand for high-end IC substrates Strategic focus on business with IC substrates for high-performance IC substrates capacities 500% computing modules 1.4x 360% 1.6x Significant new capacities and 190% 1.2x 220% revenues out of phase
Slide 15: Investment in module business
Investment in module business New business opportunities to support customer and application diversification Trends in the electronics industry enable further profitable growth in the high-end printed circuit board and substrate business Production of PCBs for modules (approx. 3% of module value) Mo
Slide 16: Investment in module business
Investment in module business Chongqing II the AT&S competence center for module business Module PCB/substrates expected to reach ~5 – 10% of group revenues within the next two years Total investment Chongqing II in module business of about € 160 million over the 2 – 3 years Thereof € 30 million in
Slide 17: Annex
Annex AT & S Austria Technologie & Systemtechnik Aktiengesellschaft | Fabriksgasse 13 | A-8700 Leoben Tel +43 (0) 3842 200-0 AT&S Conference Call – Current business environment 16 www.ats.net
Slide 18: AT&S – Stock Profile
AT&S – STOCK PROFILE Listing: Vienna Stock Exchange, # of shares outstanding 38.85m Prime Standard Dividend for 2018/19: € 0.60 per share Indices: ATX, Vönix, WBI Thomson Reuters (A): ATSV.VI Bloomberg (A): ATS:AV Financial Calendar Shareholder structure Preliminary results 2019/20 14 May 2020 Annua
Slide 19: Supply chain in the electronics industry
Supply chain in the electronics industry New business opportunities through entry into the module market Module Design Chip Chip Assembly PCB Substrate Product/ Product Manufacturing & Test Manufacturing Manufacturing Module Ownership (Front-end) (Back-end) Assembly Design 2 Module Integration Servi
Slide 20: Key credit figures
Key credit figures Gross debt, financial assets and cash, net debt Net debt/EBITDA 717 593 523 540 2.9 567 405 381 263 1.6 331 274 260 209 212 150 0.8 0.9 131 0.6 2014/15 2015/16 2016/17 2017/18 2018/19 2014/15 2015/16 2016/17 2017/18 2018/19 Gross debt Financial assets and cash Net debt € in millio
Slide 21: Thank you for your attention!
Thank you for your attention! AT & S Austria Technologie & Systemtechnik Aktiengesellschaft | Fabriksgasse13 | A-8700 Leoben Tel +43 (0) 3842 200-0 AT&S Conference Call – Current business environment 20 www.ats.net
Slide 22: Disclaimer
Disclaimer This presentation is provided by AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, having its headquarter at Fabriksgasse 13, 8700 Leoben, Austria, or one of its affiliated companies (“AT&S”), and the contents are proprietary to AT&S and for information only. AT&S does not pr
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