Aem Holdings Ltd. · SGX:AWX
Aem — Investor Presentation (August 2022)
17 slides from Aem's investor presentation, Aug 15, 2022
Slide 1: AEM Investor Deck
AEM Investor Deck August 15, 2022 AEM | CONFIDENTIAL
Slide 2: Disclaimer
Disclaimer This is a presentation of general information relating to Accordingly, such statements are not and should not be the current activities of AEM Holdings Ltd. (“AEM”). It is construed as a representation as to the future of AEM, and given in summary form and does not purport to be are not i
Slide 3: AEM Corporate Profile
AEM Corporate Profile AEM is a global leader in the fast growing Test 2.0 market, delivering application-specific intelligent system test and handling solutions for semiconductor and electronics companies serving the advanced computing, 5G, and AI markets. Leader in Fast Full Stack Deploy 2016-2022*
Slide 4: Industry Megatrends and Test Challenges Driving Secular Growth In Test
Industry Megatrends and Test Challenges Driving Secular Growth In Test Device Industry Megatrends Volumes Increasing 5G Artificial Intelligence IoT & Cloudification Automotive High-speed, low-latency, Growth of AI enables new Proliferation of IoT enabled Electrification of vehicles, and omnipresent
Slide 5: AEM's Test 2.0 Vision
AEM’s Test 2.0 Vision Delivers The Paradigm Shift That Resets The Cost of Test Curve Data Analytics & Process Flow Management Future Paradigm: Wafer Sort “Focused” Test 2.0 Final Test DFT DFT System Burn In Level Test DFT $$ $ $$ $$$ Relative Capital Investment AEM | CONFIDENTIAL 5
Slide 6: Industry Megatrends are Driving Growth in Demand 8X
Industry Megatrends are Driving Growth in Demand 8X Global Semiconductor Market Value By Vertical, Indicative, US$ Billion A Growth Scenario for AEM’s Test 2.0 Solution Set CAGR, 2021-30, % Growth contribution Market share of logic / integrated logic devices per vertical, 2021-30% will grow 1500 bas
Slide 7: Full Stack Solution
Full Stack Solution Composed for the Customer’s Modern Test Needs Advanced Thermal Automation Solutions HANDLERS Wafer, Packaged, MEMS, Module, & System Level Test Test & Software Instrumentation Integration Solutions Test Cell Automation Device Load Sockets Boards AEM | CONFIDENTIAL 7
Slide 8: Test 2.0 And Our Composable Solutions are Enabled by AEM's Core Capabilities
Test 2.0 And Our Composable Solutions are Enabled by AEM’s Core Capabilities TECHNOLOGY Test Handlers Thermal Arrays / Kits / Sockets Semiconductor Testers Organic R&D Intelligent Test Cell Automation Final Test Handlers System Level Test Consumables Low Cost ATE M&A Load Boards Application Specific
Slide 9: AEM's Business Model
AEM’s Business Model Business Model REVENUE MIX IN FY2021 ✓ AEM’s SAM for Test 2.0: US$3.0B Consumables Services Equipment ✓ Growing the SAM by expanding capabilities • Growing recurring demand for kits, pans, and spares underpinned by a • ATE: US$300M out of total US$5,400M market growing install b
Slide 10: AEM Capital Allocation Strategy
AEM Capital Allocation Strategy Invest in the Strategic Shareholder Business M&A Returns R&D, Talent, Gain scale in new Buybacks Strengthen markets, expediate and Competitive key account wins Dividend Advantages AEM | CONFIDENTIAL 10
Slide 11: 1H2022 Highlights
1H2022 Highlights • Delivered highest half year revenue and PBT in AEM’s history at S$540.5M (+181% y-o-y) and S$102.0M (+187% y-o-y) respectively • Acquired majority control of Nestek Korea Co., Ltd. (“Nestek”), a South Korean company that specializes in the design and manufacture of pins and socke
Slide 12: 1H2022 Financial Highlights
1H2022 Financial Highlights Best half yearly results recorded 1H2022 vs 1H2021 Revenue Gross Profit PBT NAV per share S$540.5M S$166.3M S$102.0M 151.8 Cents AEM | CONFIDENTIAL 12
Slide 13: Quarterly Revenue and PBT
Quarterly Revenue and PBT Continuing the momentum of strong quarterly revenue and profits REVENUE (S$M) PBT (S$M) 300 60 278.6 261.9 52.2 43.8 49.7 250 50 47.8 227.0 39.1 3.6 6.3 3.5 36.8 200 40 146.3 150 30 27.8 112.0 37.5 2.1 234.8 19.6 46.1 45.9 222.8 44.3 100 190.2 20 34.2 1.8 25.7 50 108.8 10 7
Slide 14: Revenue Mix
Revenue Mix Both Consumables and Equipment revenue increased by more than 3 times REVENUE (S$M) 600 540.5 500 113.4 (21%) 400 300 226.2 (42%) 192.3 200 70.3 (37%) 1H2021 comprises 3.5 months of CEI revenue only 100 (36%) 200.9 (37%) 68.7 Services comprises manufacturing, engineering, 53.3 (27%) and
Slide 15: A Robust Balance Sheet
A Robust Balance Sheet Sound capital structure – Debt/Equity ratio of 0.1X NAV per share increased mainly due to $83M profits earned for 1H2022 As at Jun’22 Dec’21 Jun’21 Highlights S$M S$M S$M Property, Plant & Equipment 39.5 26.1 26.1 Net Current Assets (+S$44.9M) Increased mainly from: Right-Of-U
Slide 16: 1H2022 Source and Applications of Funds
1H2022 Source and Applications of Funds Negative change in working capital resulted from higher inventory level to ensure parts and components availability for future delivery S$M 1H2022 1H2021 Beginning Cash 216.2 134.8 PAT 83.1 29.7 Highlights Operating Activities Inflow: S$28.4M Depreciation & Am
Slide 17: Thank You
Thank You Investor Relations Contact Samir MOWLA samir.mowla@aem.com.sg Financial PR Pte Ltd Kamal SAMUEL / Shivam SARAF Tel: 6438 2990 / Fax: 6438 0064 kamal@financialpr.com.sg shivam@financialpr.com.sg