Ultra Clean Holdings, Inc. · NASDAQ:UCTT
Ultra Clean — Q2 2025 Earnings Presentation
19 slides from Ultra Clean's earnings presentation, Jul 28, 2025
Slide 1: Investor Presentation Summer 2025
INVESTOR PRESENTATION SUMMER2025
Slide 2: Safe Harbor
Safe Harbor This presentation contains, or may be deemed to contain, "forward- looking statements" (as defined in the US Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as "anticipates," “pro
Slide 3: Enabling Technology for 30 Years
Enabling Technology for 30 Years SOLVING COMPLEX PROBLEMS THROUGH GENERATIONS OF INNOVATION 3
Slide 4: Proven Growth Strategy
Proven Growth Strategy JULY•2015 Purchase Price $22.8M Revenue Growth: +325% GM Expansion: +7% AUGUST•2018 APRIL•2019 MARCH•2021 OCTOBER•2023 Purchase Price $342.0 Purchase Price $30.0M Purchase Price $351M Purchase Price $50M Revenue: +40% EV/EBITDA ~5.4 Revenue: +50% EV/EBITDA ~8.3 GM: +8% GM: +5%
Slide 5: Our Role in the Lifecycle of Chip Manufacturing
Our Role in the Lifecycle of Chip Manufacturing FAB CONSTRUCTION SUPPORT ChemTrace: Cleanrooms & Sub-fab Analysis Fab Infrastructure – Facilities Gas & Water, Effluent Abatement & Treatment EQUIPMENT BUILDOUT Wafer Fab Production Equipment New Part Cleaning WFE & Sub-Fab Support Equipment
Slide 6: Supplying Critical Process Capabilities
Supplying Critical Process Capabilities EPITAXY LITHOGRAPHY CMP ETCH 1,000+ STEPS PER DEVICE IMPLANT INSPECTION DEPOSITION 100’S OF TOOLS PER FAB ANNEAL WAFER CLEAN 6
Slide 7: Diversified Path To Market Expansion
Diversified Path To Market Expansion 7
Slide 8: Industry and Customer Footprint (Q2'25)
Industry and Customer Footprint (Q2’25) Service* Service* 12% 12% Non-semi 5% Non-semi Lam 5% 33% Foundry & Logic WFE Other OEM Memory WFE 27% 52% 31% Applied 23% * Includes low single digit OEM service revenue 8
Slide 9: Strategic Global Footprint
Strategic Global Footprint PRODUCTS* SERVICES CALIFORNIA UK CZECH OREGON REPUBLIC ARIZONA COLORADO KOREA ISRAEL TEXAS CHINA MAINE PHILIPPINES TAIWAN SINGAPORE MALAYSIA * Primary operational site 9
Slide 10: Total Available Market
2025 TOTAL CHIP. MI 2025 WFE vrs propucts $400 - 105B uctservces $1.6 —1.8B
Slide 11: Product Division Opportunities
Product Division Opportunities • Increase share in manufactured components • Further penetration of current >10% customers • Expand presence at other major OEM’s – Goal to add additional >10% customers over the next several years • Grow engagement with smaller customers – Further diversify revenue;
Slide 12: Service Division Opportunities
Service Division Opportunities • Reduce cost of ownership utilizing • Improve efficiencies by leveraging part advanced technology cleaning knowledge – Longer part life and improved yield – Create value by efficiently managing through specialty coating customer spare parts – Higher tool productivity
Slide 13: End Market Update
End Market Update Foundry Logic 3D NAND DRAM INVESTMENT TO SUPPORT LOGIC SPENDING NODE TRANSITIONS PROFITABILITY IMPOVING LONG-TERM DEMAND ACROSS WIDER BASE DRIVING SPEND ON AI DEMAND – Leading edge continues – Inventories stabilizing as – Some strength for high- – HBM continues to drive investments
Slide 14: Financial Update
FINANCIAL UPDATE Summer2025
Slide 15: Q2'25 Key Takeaways
Q2’25 Key Takeaways TOTAL GROSS OPERATING OPERATING CASH EPS* REVENUE MARGIN* MARGIN* CASH FLOW BALANCE $518.8M 16.3% 5.5% $29.2M $327.4M $0.27 PRODUCTS SERVICES Revenue • $454.9M Revenue • $63.9M Gross Margin* • 14.4% Gross Margin* • 29.9% Operating Margin* • 4.8% Operating Margin* • 10.5% 15 *Non-
Slide 16: Q3'25 Guidance
Q3’25 Guidance REVENUE $480M • $530M EPS $0.14 • $0.34 16
Slide 17: Thank You
Thank You
Slide 18: Reconciliation: GAAP Net Income to Non-GAAP Net Income
Reconciliation: GAAP Net Income (loss) to Non-GAAP Net Income $ IN MILLIONS FY’22 FY23 FY24 Q1’25 Q2’25 Net income (Loss) per GAAP basis 40.4 (31.1) 23.7 (5.0) (162.0) Amortization of intangible assets (1) 30.1 24.1 30.4 7.3 7.0 Restructuring charges (2) 3.3 9.2 2.3 3.6 4.8 Stock-based compensation
Slide 19: Reconciliation: GAAP to Non-GAAP Earnings Per Diluted Share
Reconciliation: GAAP to Non-GAAP Earnings Per Diluted Share FY’22 FY23 FY24 Q1’25 Q2’25 Net income (Loss) per GAAP basis $0.88 $(0.70) $0.52 $(0.11) $(3.58) Amortization of intangible assets (1) $0.66 $0.54 $0.67 $0.16 $0.15 Restructuring charges (2) $0.07 $0.20 $0.05 $0.08 $0.10 Stock-based compens