Slide 1: Q1 2024 Results Presentation
Q1 2024 Results Presentation 24 April 2024
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided for These forward-looking statements reflect the Company’s current informational purpose only and should not be relied upon for the expectations, beliefs, hopes, intentions or strategies regarding the purpose of making any investm
Slide 3: Agenda
Agenda 01 │ Key Highlights 02 │ Financial Performance 03 │ Q2 2024 Revenue Guidance & Outlook 04 │ Q&A 3
Slide 4: Key Highlights
Key Highlights Private and confidential
Slide 5: Key Highlights
Key Highlights Book-to-Bill Ratio: Moved Above One Advanced Packaging: Continues to be Bright Spot, Fuelled Bookings Growth Automotive: Highest Revenue Contribution 5
Slide 6: Advanced Packaging
Advanced Packaging Continues to be Bright Spot, Fuelled Bookings Growth Thermo-Compression Bonding (“TCB”): Hybrid Bonding (“HB”): Logic: Won orders for 2 tools for logic applications • Won orders from IDM and OSAT • Delivered tools to leading foundry for C2S • Joint-development on next gen tools wi
Slide 7: Financial Performance
Financial Performance Private and confidential
Slide 8: Q1 2024 Key Financials
Q1 2024 Key Financials Revenue Bookings Backlog US$401M US$409M US$849M (-19.9% YoY)1 (-9.8% YoY)1 (-23.8% YoY)1 (-7.8% QoQ)1 (+17.0% QoQ)1 (+0.5% QoQ)1 Gross Margin Operating Margin 41.9% 7.6% (+145 bps YoY) (-425 bps YoY) (-40 bps QoQ) (+218 bps QoQ) Adjusted Net Profit 2 Adjusted EPS 2 HK$177M HK
Slide 9: Q1 2024 Group Financial Results
Q1 2024 Group Financial Results 500 453 435 409 401 Revenue 350 US$’M • Down QoQ with SEMI’s decline steeper due to prolonged semiconductor downcycle Q1 2023 Q4 2023 Q1 2024 Bookings Bookings Revenue • Both SEMI and SMT grew QoQ • Supported by robust demand for AP solutions Gross Margin 40.4% 42.3%
Slide 10: Q1 2024 Semiconductor Solutions Segment Performance
Q1 2024 Semiconductor Solutions Segment Performance 204 Revenue 192 197 199 176 • IC/Discrete: Declined QoQ mainly due to industry 159 weakness for deposition tools; sporadic demand for US$’M consumer related mainstream tools • Optoelectronics: Declined QoQ. Revenue mainly driven by high-end automot
Slide 11: Q1 2024 SMT Solutions Segment Performance
Q1 2024 SMT Solutions Segment Performance 303 261 232 226 210 191 US$’M Revenue • Automotive and Industrial still the highest contribution • Mostly from Europe Q1 2023 Q4 2023 Q1 2024 Bookings Revenue Bookings Gross Margin 37.4% 41.0% 39.7% • Increased QoQ, driven by AP and automotive Segment Profit
Slide 12: Q2 2024 Revenue Guidance & Outlook
Q2 2024 Revenue Guidance & Outlook Private and confidential
Slide 13: Q2 2024 Revenue Guidance & Outlook
Q2 2024 Revenue Guidance & Outlook Q2 2024 Revenue Guidance US$380m to US$440m (-17.6% YoY and +2.2% QoQ at mid-point of guidance) Outlook Remain optimistic due to: • Long-term structural trends (automotive electrification, smart factories, green infrastructure, 5G/6G, IoT and AI growth across cloud
Slide 14: Q&A
Q&A Private and confidential
Slide 15: Thank You!
Thank You! For enquiries, please contact: Mr. Romil Singh / romil.singh@asmpt.com Mr. Leonard Lee / leonard.lee@asmpt.com asmpt.com Private and confidential
Slide 16: Appendix
Appendix Private and confidential
Slide 17: Reconciliation to Non-HKFRS Measures
Reconciliation to Non-HKFRS Measures The below table highlighted the reconciliations of the Group’s financial measures prepared in accordance with Hong Kong Financial Reporting Standards (“HKFRS”) for Q4 2023 to the non-HKFRS measures: Q4 2023 Non-HKFRS adjustments Group As Restructuring Income tax