Kulicke And Soffa Industries, Inc. · NASDAQ:KLIC
Kulicke And Soffa Industries — Q1 2025 Earnings Presentation
15 slides from Kulicke And Soffa Industries's earnings presentation, Feb 5, 2025
Slide 1: Quarterly Earnings Review Q1F25
Kulicke & Soffa Nasdaq: KLIC Quarterly Earnings Review Q1F25 Ended December 28, 2024 February 5, 2025 1
Slide 2: Safe Harbor
Earnings Review Safe Harbor In addition to historical statements, this presentation contains statements relating to future events and our future results based on management’s expectations as of February 4, 2025. These statements are “forward- looking” statements within the meaning of the Private Sec
Slide 3: Q1F25 Update
Q1F25 Update Internally Focused & Market Ready Summary & Focus Q1F25 Results Core-Market Recovery Ongoing Revenue $166.1M • C25 Semi-revenue growth to normalize core Ball & Wedge demand Net Income $81.6M • NT visibility limited due to seasonal and geopolitical uncertainty Non-GAAP Net Income $20.2M
Slide 4: Q1F25 Revenue Composition
Revenue per quarter (millions USD) Q1F25 Revenue Composition 5Yr Avg = quarterly average of preceding five fiscal years As a percent of total Company revenue By End Market General Semi LED Auto & Industrial Memory APS 300 80% 60 20% 60 40% 60 20% 60 30% 200 40 40 40 40 39 100 20 20 20 20 19 31 66 11
Slide 5: Q1F25 Financial Results
Q1F25 Financial Results $166.1M More Normalized Core Down 8.4% Q/Q Demand Anticipated in F25 $68.6M Down $6.6M Q/Q Efficiently Gaining Market Access 11.4% New $300M Repurchase $0.37 Program Initiated in Q1 *Please see Non-GAAP Reconciliation 5
Slide 6: Income Statement
Income Statement Q1F25 Summary Items $Millions, except %, EPS, and share count Q1F24 Q4F24 Q1F25 Q/Q Y/Y Revenue $171.2 $181.3 $166.1 $(15.2) $(5.1) Gross Margin 46.7% 48.3% 52.4% 410 bps 570 bps Operating Expenses $78.2 $85.0 $0.4 $(84.6) $(77.8) Operating Income $1.7 $2.7 $86.6 $83.9 $84.9 Non-GAA
Slide 7: Balance Sheets & Cash Flow
Balance Sheets & Cash Flow Q1F25 Summary Items $Millions Q1F24 Q2F24 Q3F24 Q4F24 Q1F25 Accounts and Other Receivables $184.4 $194.8 $200.3 $193.9 $247.9 Inventory $236.6 $180.5 $175.6 $177.7 $185.1 Accounts Payable $58.7 $51.5 $52.1 $58.8 $49.0 Net Cash* $528.4 $469.0 $435.9 $393.4 $369.2 Working Ca
Slide 8: Outlook Q2F25
Outlook Q2F25 $165M General Semi Anticipated to +/- $10M Improve into Q2 $70.5M +/- 2% Anticipate Additional TCB Milestones & Mkt Adoption 47% +/- 100 bps New Program Active; Opportunistic Repurchases $0.19 Ongoing +/- 10% *Please see Non-GAAP Reconciliation for composition of Non-GAAP guidance item
Slide 9: Earnings Review Q&A
Earnings Review Q&A For additional information investor.kns.com investor@kns.com
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP to Non-GAAP Income from Operations and Operating Margin (In thousands, except percentages) (Unaudited) Three months ended December 28, December 30, September 28, 2024 2023 2024 Net revenue $ 166,124 $ 171,189 $ 181,319 U.S. GAAP income from operat
Slide 11: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share (In thousands, except percentages and per share data) (Unaudited) Three months ended December 28, December 30, September
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share (In thousands, except percentages and per share data) (Unaudited) Three months ended December 28, 2024 December 30, 2023
Slide 13: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP Cash provided by Operating Activities to Non-GAAP Adjusted Free Cash Flow (In thousands, except percentages) (unaudited) Three months ended December 28, December 30, September 28, 2024 2023 2024 U.S. GAAP net cash provided by / (used in) by operat
Slide 14: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP to Non-GAAP Outlook (In millions, except per share data) (Unaudited) Second quarter of fiscal 2025 ending March 29, 2025 GAAP Outlook Adjustments Non-GAAP Outlook $165 million $165 million Net revenue — +/- $10 million +/- $10 million $79.3 millio
Slide 15: Kulicke & Soffa
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