Slide 1: Supplemental Investor Presentation: Earnings Release – Second Quarter 2024
Supplemental Investor Presentation Earnings Release – Second Quarter 2024 Augst 7, 2024
Slide 2: Forward-Looking Statements and Market Data
Forward-Looking Statements. Certain statements contained in this presentation are not historical facts and may be forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and simil
Slide 3: Q2 2024 Summary
Q2 2024 Summary Q2 2024 Financial Results • $202.5 million revenue (up 40.0% y/y); total shipments of $203 million (up 32% y/y) • 47.8% GAAP gross margin (versus 47.5% in Q2 2023) • 48.2% non-GAAP gross margin (versus 47.6% in Q2 2023) • $37.6 million GAAP operating income (18.6% of revenue) • $51.9
Slide 4: Q2 and YTD Revenue Detail
Q2 and YTD Revenue Detail Revenue by Product: Q2’24 vs Q2’23 Revenue by Product: 1H’24 vs 1H’23 $354.7M 40.0% $202.5M 62.1% 8% Advanced Packaging & Other 5% Advanced Packaging & Other 19% ECP, Furnace & Other 18% ECP, Furnace & Other $144.6M 9% $218.8M 13% 11% 21% 76% Cleaning 74% Cleaning 78% 68% Q
Slide 5: Innovative Product Introductions Expanding Serviceable Available Market
Innovative Product Introductions Expanding Serviceable Available Market (“SAM”) 1 PECVD | $4.3B Introduced late 2022 Track | $2.5B Introduced late 2022 Estimated 2023 SAM of $16 billion addressed by 2020: Furnace, ACM’s current product LPCVD, Vacuum Anneal, High- Furnace | $2.2B portfolio Temperatur
Slide 6: Long-Term Target for $3B+ in Revenue
Long-Term Target for $3B+ in Revenue Advanced Packaging & Other Long Term Target Composition > $3B* ECP, Furnace & Other ACM Cleaning Mainland China ACM SAM1 China SAM2 Share3 Revenue Cleaning $5.2B $1.6B 55% $850M ECP $1.2 $0.4 55% $200 Furnace $2.2 $0.7 15% $100 PECVD $4.3 $1.3 15% $200 Track $2.5
Slide 7: Tier One Customer Base
Tier One Customer Base Front-End Customers Back-End Customers • ACM 2023 Revenue %: 18% • ACM 2023 Revenue %: 15% • ACM 2023 Revenue %: 13% • Largest bumping house in China and • A semiconductor integrated circuit • New China-based entrant to DRAM leading WLCSP production base • Mainland China’s lar
Slide 8: Shanghai Facilities
Shanghai Facilities ACM Shanghai HQ and R&D Center Chuansha Production Facilities Lingang R&D and Production Center • ACM Shanghai Headquarters and China R&D • Located in Chuansha area of Pudong district, • Construction in progress for R&D and Center approximately 11 miles from ACM Shanghai’s produc
Slide 9: 2024 Outlook
2024 Outlook • Updated 2024 Revenue Guidance Range: $695M - $735M (previously $650M - $725M). • Outlook reflects, among other things: • Current assessment of the continuing impact from international trade policy • Various expected spending scenarios of key customers, supply chain constraints, and th
Slide 10: Q2 2024 Financial Results
Q2 2024 Financial Results Revenue Non-GAAP Gross Profit +40.0% $202.5M +41.9% $97.6M $144.6M $68.8M 48.2% 47.6% Q2‘23 Q2’24 Q2’23 Q2’24 EPS Balance Sheet Finished goods inventory GAAP Non-GAAP End ing cash & ca sh equ ivale nts 1 $0.41 $0.55 $376M $305M $367M $0.35 $0.48 $326M $288M $263M $279M $222
Slide 11: Appendix
Appendix
Slide 12: Q2 2024 GAAP to Non-GAAP Reconciliation
Q2 2024 GAAP to Non-GAAP Reconciliation Three Months Ended June 30, 2024 2023 Actual Other non- Adjusted Actual Other non- Adjusted SBC operating SBC operating (GAAP) (Non-GAAP) (GAAP) (Non-GAAP) adjustments adjustments (In thousands) Revenue $ 202,480 $ - $ - $ 202,480 $ 144,577 $ - $ - $ 144,577 C