Slide 1: Q2 2024 Results Presentation
Q2 2024 Results Presentation 24 July 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 │ Q3 2024 Revenue Guidance & Outlook 04 │ Q&A 3
Slide 4: Key Highlights
Key Highlights Private and confidential
Slide 5: Advanced Packaging: Strong Order Momentum, Significant Bookings Growth
Advanced Packaging Strong Order Momentum, Significant Bookings Growth Advanced Thermo Compression Bonding (“TCB”) Hybrid Bonding (“HB”) Packaging • Secured orders for 2 next-gen tools for HBM ~25% Logic: • Won C2W orders from leading IDM & OSATs, and C2S orders from leading foundry & its OSAT partne
Slide 6: Advanced Packaging: TCB
Advanced Packaging: TCB ASMPT’s Enabling Technology Well-positioned for TCB Growth Industry ASMPT’s Technology Developments Addressable TCB Market Advancements Expansion * Evolution of Best in class die logic chips placement accuracy (CPU, GPU & NPU) (3-5 μm → <1 μm) Transition of Thin die handling
Slide 7: Advanced Packaging: Photonics
Advanced Packaging: Photonics Market Leader for High-Growth 800G+ Transceivers Addressable Market (US$M) for 800G+ (CAGR 31%) • Meaningful Photonics order flow in 1H’24 driven by increasing demand for optical transceivers at data centres 200 • 800G transceivers meet sweet spot for major 100 AI playe
Slide 8: Automotive
Automotive By End Market: Highest Revenue Contribution Comprehensive Range of Automotive Solutions Automotive ~24% Automotive CIS Solutions 1H 2024 Laser Singulation & Silver LED / Advanced Group Revenue Sintering Solutions Display Solutions US$829M Vehicle LiDAR Module Power Module In-Vehicle Micro
Slide 9: Financial Performance
Financial Performance Private and confidential
Slide 10: 1H 2024 Key Financials
1H 2024 Key Financials Revenue Bookings Backlog US$829M US$809M US$820M (-17.1% YoY)1 (-3.6% YoY)1 (-17.7% YoY)1 (-5.8% HoH)1 (+11.0% HoH)1 (-3.1% HoH)1 Gross Margin Operating Margin 40.9% 5.8% (+67 bps YoY) (-512 bps YoY) (+276 bps HoH) (+212 bps HoH) Adjusted Net Profit 2 Adjusted EPS 2 DPS HK$315
Slide 11: 1H 2024 Group Financial Results
1H 2024 Group Financial Results 998 879 838 809 829 728 Revenue • Automotive: Highest revenue contribution US$’M • Communication: 2nd highest, mainly due to high-end smartphones & photonics • Industrial: Declined as market softened, mostly from SMT 1H 2023 2H 2023 1H 2024 Bookings Revenue Bookings •
Slide 12: Q2 2024 Group Financial Results
Q2 2024 Group Financial Results 497 409 401 399 427 384 Revenue US$’M • Above mid-point of guidance • Strong QoQ growth from AP Q2 2023 Q1 2024 Q2 2024 Bookings Revenue Bookings • SEMI grew; SMT declined Gross Margin 40.1% 41.9% 40.0% • Supported by robust demand for AP solutions Operating Profit 38
Slide 13: Q2 2024 Semiconductor Solutions Segment Performance
Q2 2024 Semiconductor Solutions Segment Performance 222 213 Revenue 211 199 162 176 • IC/Discrete: Increased QoQ, mainly driven by TCB • Optoelectronics: Increased QoQ, mainly from US$’M photonics & high-end automotive headlamps • CIS: Increased QoQ from a low base, mainly from high-end smartphones
Slide 14: Q2 2024 SMT Solutions Segment Performance
Q2 2024 SMT Solutions Segment Performance 286 223 210 226 215 177 Revenue US$’M • Declined QoQ due to softness in Automotive and Industrial; mostly from Europe & Americas • AP grew QoQ Q2 2023 Q1 2024 Q2 2024 Bookings Revenue Bookings • Declined QoQ due to slowdown in SMT market, mostly Gross Margin
Slide 15: Key End-Market Applications
Key End-Market Applications Serving Broad-based End-Market Applications* Automotive Communication Industrial Consumer Computers Others Visual Sensors Mobile Phones EV Charging TV Personal Computers Medical Devices Infotainment Wired Infrastructure Smart Factories Wearables Servers Aerospace LIDAR Se
Slide 16: Key Partner to Global Customers
Key Partner to Global Customers Group Revenue Contribution by Geography 1H 2023 2H 2023 1H 2024 40% 36% 31% 30% 30% 30% 27% 23% 19% 20% 18% 17% 10% 7% 6% 6% 5% 5% 4% 4% 4% 4% 3% 3% 3% 3% 2% 2% 2% 2% 1% 1% 1% 1% 0% China Europe Americas Malaysia Taiwan Korea Vietnam India Japan Others 16
Slide 17: Returning To Shareholders
Returning To Shareholders Dividend Payout (%) FY23 (incl. Special FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 1H24 Dividend) 61% 53% 59% 53% 36% 49% 132% 68% 51% 50% 80% 46% Dividend Per Share (HK$) 2.60 1.90 1.40 1.30 0.70 2.00 1.30 1.10 0.40 0.52 0.50 1.20 1.30 1.30 1.30 1.30 0.26 0.80 1.00
Slide 18: Q3 2024 Revenue Guidance & Outlook
Q3 2024 Revenue Guidance & Outlook Private and confidential
Slide 19: Q3 2024 Revenue Guidance & Outlook
Q3 2024 Revenue Guidance & Outlook Near-term outlook: • Remains very positive about advanced packaging prospects • Recovery of SEMI mainstream taking longer than anticipated due to tepid consumer spending • Softening SMT market Q3 2024 Revenue Guidance US$370m to US$430m (-9.9% YoY and -6.4% QoQ at
Slide 20: Q&A
Q&A Private and confidential
Slide 21: 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 22: Appendix
Appendix Private and confidential
Slide 23: Reconciliation to Non-HKFRS Measures
Reconciliation to Non-HKFRS Measures The below tables highlighted the reconciliations of the Group’s financial measures prepared in accordance with Hong Kong Financial Reporting Standards (“HKFRS”) for Q2 2024, 1H 2024 and 2H 2023 to the non-HKFRS measures: Q2 2024 1H 2024 2H 2023 Non-HKFRS adjustme