Acm Research, Inc. · NASDAQ:ACMR
Acm Research — Q4 2020 Earnings Presentation
10 slides from Acm Research's earnings presentation, Feb 26, 2021
Slide 1: Supplemental Investor Presentation: Earnings Release Q4 and Fiscal Year 2020
Supplemental Investor Presentation Earnings Release – Fourth Quarter and Fiscal Year 2020 February 26, 2021
Slide 2: Forward-Looking Statements and Market Data
Forward-Looking Statements. Information presented below under “2021 Outlook” with respect to revenue projected to be generated in 2021 is a forward-looking statement for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may vary significan
Slide 3: Q4 and 2020 Highlights
Q4 and 2020 Highlights • 2020 Financial Highlights: $156.6 million revenue, up 45.7% from 2019 $69.6 million GAAP gross profit (44.4% GAAP gross margin) $69.8 million non-GAAP gross profit (44.5% of revenue) $21.5 million GAAP operating income (13.7% GAAP operating margin) $27.1 million no
Slide 4: 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 5: 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 6: Shanghai Manufacturing Facilities – Existing and Planned
Shanghai Manufacturing Facilities – Existing and Planned Factory #1 (Shanghai HQ) Facility #2 Lingang Under Construction • Original ACM factory • Second factory; opened in September 2018 • Broke ground on the new R&D and production facilities in Lingang region of • 36,000 sq. ft. facility • 100,000
Slide 7: 2021 Outlook
2021 Outlook •Estimated 2021 revenue guidance of $205 to $230 million 39% year-over-year growth at the mid-point •Outlook assumes: Improvement with respect to global COVID-19 pandemic Stability in U.S.-China trade policy Various spending scenarios for production ramp of key customers Varia
Slide 8: 2020 Financial Results
2020 Financial Results $ Millions Revenue Gross Profit 44.4% 44.5% 47.3% 47.1% Operating Income Balance Sheet Data* 17.3% 13.7% 19.9% 16.5% * Finished goods inventory represents ‘demo-to-sales’ product which have been delivered to customers for evaluation. These products are carried at cost until ow
Slide 9: Q4 2020 Financial Results
Q4 2020 Financial Results $ Millions Revenue Gross Profit 43.3% 43.2% 50.6% 50.7% Operating Income Balance Sheet Data* 14.8% 11.9% 18.3% 15.6% * Finished goods inventory represents ‘demo-to-sales’ product which have been delivered to customers for evaluation. These products are carried at cost until
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