At & S Austria Technologie & Systemtechnik Aktiengesellschaft · VIE:ATS

At & S Austria Technologie & Systemtechnik Aktiengesellschaft — FY2018/19 Earnings Presentation

22 slides from At & S Austria Technologie & Systemtechnik Aktiengesellschaft's earnings presentation, May 7, 2019

  1. Slide 1: AT&S Conference Call - FY 2018/19

    AT&S First choice for advanced applications Conference Call - FY 2018/19 May 07, 2019 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft | Fabriksgasse 13 | A-8700 Leoben Tel +43 (0) 3842 200-0 www.ats.net

  2. Slide 2: Table of Contents

    Table of Contents Business Highlights Financials and Key Figures Market Update & Outlook Conference Call – FY 2018/19 1

  3. Slide 3: Highlights in the financial year 2018/19

    Highlights in the financial year 2018/19 Another outstanding year  AT&S benefits from the initiatives to diversify the technology and application portfolio  Ideally positioned for high-tech applications for Mobile Devices, Automotive, Medical, Industrial and IC substrates  AT&S can participate in

  4. Slide 4: Preliminary results for the financial year 2018/19

    Preliminary results for the financial year 2018/19 Record revenue and EBITDA levels  Revenue amounts to € 1,028.0 million, reaching a record level for the ninth consecutive time  Very strong demand for IC substrates and in the Medical & Healthcare segment  Effects from the implementation of the n

  5. Slide 5: Revenue and EBITDA development

    Revenue and EBITDA development Revenue increase of 3.6% and EBITDA rise of 10.7% Revenue split by segment: FY 2018/19 1028.0 991.8 33% Mobile Devices & Substrates 67% Automotive, Industrial, Medical Revenue split by region*: FY 2018/19 8% 294.8 273.3 7% 225.9 222.1 237.9 226.0 250.1 Americas 19% Ger

  6. Slide 6: Business Development – Mobile Devices & Substrates

    Business Development – Mobile Devices & Substrates € in millions (unless  Declining demand for mobile devices FY 2017/18 FY 2018/19 Change in % otherwise indicated)  Segment benefited from higher sales volume Revenue 738.9 776.0 5.0% and higher-value portfolio of IC substrates Revenue with externa

  7. Slide 7: Business Development – Automotive, Industrial, Medical

    Business Development – Automotive, Industrial, Medical € in millions (unless FY 2017/18 FY 2018/19 Change in %  Medical & Healthcare records growth otherwise indicated) Revenue  Weaker market-related demand in 364.9 365.2 0.1% Revenue with external Automotive and Industrial customers 339.3 338.9 -

  8. Slide 8: Table of Contents

    Table of Contents Business Highlights Financials and Key Figures Market Update & Outlook Conference Call – FY 2018/19 7

  9. Slide 9: Financials FY 2018/19

    Financials FY 2018/19 € in thousands (unless otherwise stated) Change 01 Apr 2017 – 31 Mar 2018 01 Apr 2018 – 31 Mar 2019 YoY STATEMENT OF PROFIT OR LOSS IC substrates and Medical & Healthcare with Revenue 991,843 1,027,983 3.6% good demand Positively impacted by IFRS 15 (€ 22.5 mn) produced in Asia

  10. Slide 10: Financials FY 2018/19

    Financials FY 2018/19 € in thousands (unless otherwise stated) 31 Mar 2018 31 Mar 2019 Change STATEMENT OF FINANCIAL POSITION Non-current assets 944,267 898,275 (4.9%) Increase in cash, financial assets and accounts Current assets 586,172 885,831 51.1% receivables Equity 711,391 803,451 12.9% Increa

  11. Slide 11: Financials FY 2018/19

    Financials FY 2018/19 € in thousands Change 01 Apr 2017 – 31 Mar 2018 01 Apr 2018 – 31 Mar 2019 YoY STATEMENT OF CASH FLOWS Operating result (EBIT) 90,286 117,210 29.8% Paid/received interests (13,875) (8,685) 37.4% Income taxes paid (26,015) (28,788) (10.7%) Non cash bearing of profit or loss 141,7

  12. Slide 12: Net CAPEX

    Net CAPEX Focus on maintenance investments and technology upgrades 254.3 240.7 164.8 141.7 100.8 90.3 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 € in millions Conference Call – FY 2018/19 11

  13. Slide 13: Headcount

    Headcount Efficiency and productivity improvement resulted in headcount reduction 9,807 9,872 10,057 9,981 9,811 9,598 9,718 Q4 2017/18 Q1 2018/19 Q2 2018/19 Q3 2018/19 Q4 2018/19 2017/18 2018/19 * incl. contractors, FTE, average for the period Conference Call – FY 2018/19 12

  14. Slide 14: Table of Contents

    Table of Contents Market Update and Business Highlights Financials and Key Figures Market Update & Outlook Conference Call – FY 2018/19 13

  15. Slide 15: PCB & IC substrates market – Overview

    PCB & IC substrates market – Overview Forecast for the total PCB & IC substrates market  IC substrates until 2021: CAGR of 3.7% − Cloud computing drives data center expansions 68.9 − Despite reduction of inventories increase in server demand over the 3.7% medium term. Networking and AI processors t

  16. Slide 16: More than AT&S – Growth and diversification strategy

    More than AT&S – Growth and diversification strategy Modules – an additional addressable market PCP/substrate Package Module integration services 03 Complementary capabilities needed (Assembly &Test) $ 47 bn* Midterm Components PCB / substrates for modules 02 SLP – Substrate-like-PCB Market segment

  17. Slide 17: Growth opportunities in all segments

    Growth opportunities in all segments Focus on high-end applications Communication Consumer / Computer Automotive Industrial / Medical  Increased digital  New applications  Autonomous driving  Automation networking (IoT) (smartwatch, speakers,  RADAR, LiDAR, camera  Machine-to-machine  Additio

  18. Slide 18: 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 03 Module Integration Serv

  19. Slide 19: More than AT&S

    More than AT&S On the way to becoming an interconnect solution provider  Trends in the electronics industry enable further profitable growth in the high-end printed circuit board and substrate business  Autonomous driving, artificial intelligence, 5G  Miniaturization and functional integration re

  20. Slide 20: Outlook for 2019/20

    Outlook for 2019/20  Volatile and currently weaker market environment for mobile devices, in the Automotive and Industrial segment causes low visibility, in particular for the first half of the year  On an annual basis the Management Board initially expects revenue to remain stable and an EBITDA m

  21. 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 www.ats.net 20

  22. Slide 22: Disclaimer

    Disclaimer This presentation is provided by AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, having its headquarter at Fabriksgasse 13, 8700 Leoben, Austria (“AT&S”), and the contents are proprietary to AT&S and for information only. AT&S does not provide any representations or warrant

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