Slide 1: Supplemental Investor Presentation: Earnings Release – Third Quarter 2021
Supplemental Investor Presentation Earnings Release – Third Quarter 2021 November 5, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Information presented below under “Q3 2021 Highlights and Recent Announcements” with respect to the demand for ACM’s tools and expectations regarding delivery of ACM’s products and under “2021 Outlook” with respect to revenue projected to be generated in 2021 are forward-
Slide 3: Q3 2021 Highlights and Recent Announcements
Q3 2021 Highlights and Recent Announcements • Strong Q3 Results: ➢ $67.0 million revenue, up 40.6% from Q3 2020; total shipments of $99 million ➢ 44.3% GAAP gross margin and 17.6% GAAP operating margin ➢ 44.5% non-GAAP gross margin and 19.5% non-GAAP operating margin ➢ Fully diluted GAAP EPS of $0.4
Slide 4: Q3 2021 Revenue Detail
Q3 2021 Revenue Detail Three Months Ended September 30, Nine Months Ended September 30, Total Revenue By Product Category 2021 2020 2021 2020 Singk Wafer Cleaning Tools (SAPS, TEBO, Tahoe) and Semi-Critical Ckaning Equipment Ss 49,448 § 38,344 «$127,322 S 94,468 ECP (front-end and packaging), Fumace
Slide 5: Tier One Customer Base
Tier One Customer Base Front-End Customers Back-End Customers • Major new entrant into NAND flash and • Leading advanced foundry in China • Global market leader in memory (DRAM & • Largest bumping house in China and DRAM industry • Manages first fully automated 300mm NAND) semiconductor products lea
Slide 6: Shanghai Manufacturing Facilities – Existing and Planned
Shanghai Manufacturing Facilities – Existing and Planned Factory #1 (Shanghai HQ) Factory #2 Lingang Under Construction • Original ACM factory • Located in Chuansha area of Pudong district, • Broke ground on the new R&D and approximately 11 miles from ACM Shanghai’s production facilities in Lingang
Slide 7: Innovation and Product Introductions Expanding Addressable Market
Innovation and Product Introductions Expanding Addressable Market ACM estimates that its current product offerings address a $5 billion market opportunity Future Products World-class R&D team SFP, ECP, focused on innovation Semi-Critical, Addressable Furnace (2020) Market Tahoe (2018) TEBO (2016) SA
Slide 8: 2021 Outlook
2021 Outlook • Tightened 2021 revenue guidance range to $230 to $240 million ➢ 50.0% year-over-year growth at the mid-point • Outlook assumes: ➢ Stability with respect to global COVID-19 pandemic ➢ Stability in U.S.-China trade policies ➢ Various spending scenarios for production ramp of key custome
Slide 9: Q3 2021 Financial Results
Q3 2021 Financial Results $ Millions Revenue Gross Profit $29.7 $29.8 $20.3 $20.4 44.3% 44.5% 42.7% 42.8% Gross Profit Non-GAAP Gross Profit Q3'20 Q3'21 Operating Income Balance Sheet Data* $92.2 $13.1 $81.9 $11.8 $78.8 $71.8 $70.2 $10.3 $64.0 $65.0 $47.1 $7.5 19.5% $32.4 17.6% $23.0 21.6% 15.7% Q3
Slide 10: Investment Highlights
Investment Highlights Gaining share in the ~$3B wafer cleaning market (1) Innovative, patent-protected tools address critical challenges in leading-edge IC manufacturing Tier 1 global customer base in DRAM, NAND and foundry / logic New product introductions in 2020 have more than doubled SAM China-b
Slide 11: GAAP to Non-GAAP Reconciliation (1)
GAAP to Non-GAAP Reconciliation (1) 11
Slide 12: GAAP to Non-GAAP Reconciliation (2)
GAAP to Non-GAAP Reconciliation (2) Three Months Ended September 30, 2021 2020 Other non- Other non- Actual Adjusted Actual Adjusted SBC operating SBC operating adjustments adjustments (GAAP) (Non-GAAP) (GAAP) (Non-GAAP) ($ in thousands) Revenue $ 67,013 $ - $ - $ 67,013 $ 47,665 $ - $ - $ 47,665 Co
Slide 13: GAAP to Non-GAAP Reconciliation (3)
GAAP to Non-GAAP Reconciliation (3) Nine Months Ended September 30, 2021 2020 Actual Other non- Adjusted Actual Other non- Adjusted SBC operating SBC operating (GAAP) adjustments (Non-GAAP) (GAAP) adjustments (Non-GAAP) ($ in thousands) Revenue $ 164,609 $ - $ - $ 164,609 $ 111,062 $ - $ - $ 111,062