Camtek Ltd. · NASDAQ:CAMT

Camtek — Investor Presentation (February 2023)

19 slides from Camtek's investor presentation, February 2023

  1. Slide 1: Camtek Investor Presentation

    Camtek Investor Presentation • Rafi Amit, CEO • Moshe Eisenberg, CFO • Ramy Langer, COO February 2023

  2. Slide 2: Disclaimer

    Disclaimer Confidentiality This presentation is confidential and may not be reproduced or distributed to others at any time without our While we believe that we have a reasonable basis for each forward-looking statement contained in this prior written consent. presentation, we caution you that these

  3. Slide 3: Camtek at a Glance (Nasdaq & TASE: CAMT)

    CAMTEK AT A GLANCE (Nasdaq & TASE: CAMT) Leading provider of high-end inspection and metrology systems to the semiconductor market REVENUE $321 $270 $134 $156 $123 $93 2017 2018 2019 2020 2021 2022 $480M ~1,800 450 OPERATING INCOME Cash & deposits Installed Base Employees As of 12/31/22 (1) (ASP: $0

  4. Slide 4: Outperforming the Industry

    Outperforming the Industry Focused on secular trends and increased our TAM and market share 148% 130% 77% 68% 57% 41% 32% 28% 43% 18% 39% 10% 15% 11% 1% 2018 2019 2020 2021 2022 Wafer Fab Equipment IC Sales Camtek Sales 4 Copyright of Camtek Ltd© 2023. All rights reserved Source: TechInsights’ Octob

  5. Slide 5: Long-term Secular Trends Driving Super-cycle

    Long-term Secular Trends Driving “Super-cycle” Billions of Dollars and Revenue Growth 8.2% Semiconductor $783 Revenue Milestones 8.6% $723 $50B 1988 6.9% $100B 1994 7.4% -2.5% $666 $200B 2000 26.3% $639 $623 $400B 2017 $595 $800B 2027 12.9% 11.5% 21.9% $476 $471 -11.3% $422 $422 -2.0% 3.3% $335 $346

  6. Slide 6: Camtek participates in ALL leading market drivers

    Camtek participates in ALL leading market drivers Memory/Storage More computing power → more CPU, GPU, HBM → Artificial Intelligence Heterogeneous Integration 5G Networks More Heterogeneous modules More RF silicon, more High-End Integration modules (CPU, Advanced Packaging, more CIS HBM) New applica

  7. Slide 7: Geopolitics at the Forefront

    Geopolitics at the Forefront Deglobalization is in Motion Local Governments support Building new fabs Manufacturing capacity expansion 7 Copyright of Camtek Ltd© 2023. All rights reserved

  8. Slide 8: Diversified Customer Base Over 250 Customers

    Diversified Customer Base Over 250 Customers 70% of our business goes to tier-1 Our customers’ base includes ALL the industry’s leading foundries, IDM’s and OSATs new customers since 2019 new customers in 2022 8 Copyright of Camtek Ltd© 2023. All rights reserved

  9. Slide 9: Why Advanced Packaging

    Why Advanced Packaging Silicon scaling reaches its limits Advanced packaging is key for Heterogenous Integration drives larger High cost of moving to next silicon node economic advantage dies Limited Players - foundries and end 3D Stacks – HBM, CIS Silicon Interposer customers (can bear the cost) Fa

  10. Slide 10: Supporting Current & Future Roadmap

    Supporting Current & Future Roadmap Driving cutting edge Cu uPillar Cu uPillar Cu uPillar Cu uPillar Inspection and Metrology capabilities 50um 30um 20um 10um Bump sizes and pitches are decreasing 400 I/O 1,000 I/O 2,500 I/O 10,000 I/O Number of bumps per die is increasing RDL line and space are shr

  11. Slide 11: Heterogenous Integration is key for High Performance Computing and AI

    Heterogenous Integration (HI) is key for High Performance Computing and AI System in Package DRAM DRAM DRAM Missing DRAM Bumps Small DRAM Bumps DRAM Source: NVIDIA DRAM HBM Small GPU DRAM Controller Bumps Source: Intel. Silicon Interposer C4 (Flip Chip) Inspection and Metrology is mandatory for manu

  12. Slide 12: Compound Semiconductors Driving Growth

    Compound Semiconductors Driving Growth Camtek systems sold for 49 Compound Semiconductors 5G Rollout 2021-2026E Robotics 19% Electric Vehicles 19 23 CAGR Energy Infrastructure Healthcare 2019 2020 2021 Source: Yole Development 12 Copyright of Camtek Ltd© 2023. All rights reserved

  13. Slide 13: Financial Overview

    Financial Overview 13

  14. Slide 14: Track Record of Growth and Profitability

    Track Record of Growth and Profitability Revenue Operating Income and Margin* Net Income per Diluted Share* ($ in millions) ($ per share) ($ in millions) 28% 17% 18% $1.88 $321 $92 19% $1.59 $270 $77 11% $156 $123 $134 $0.57 $0.62 $0.64 $93 $22 $25 $27 $10 $0.27 2017 2018 2019 2020 2021 2022 2017 20

  15. Slide 15: Quarterly Performance (NON-GAAP)

    Quarterly Performance (NON-GAAP) 15 Copyright of Camtek Ltd© 2021. All rights reserved. Confidential

  16. Slide 16: Selected Balance Sheet Data

    Selected Balance Sheet Data ($ in millions) 12/31/22 12/31/21 (Un-audited) (Audited) Cash & Deposits (1) $479 $430 Trade Account Receivables, net 81 58 Inventory 71 64 Fixed Assets 33 25 Current Liabilities 89 90 Convertible Notes, Net 196 195 Total Balance Sheet 677 584 (1) Includes cash and cash e

  17. Slide 17: Progress to Target Model

    Progress to Target Model Revenue ($ millions) Gross Margin Operating Margin 400 52-53% 27-30% 49-52% 24-28% 300 18.7% 48.6% 47.8% 11.1% 134 93 2017 2019 $300M $400M 2017 2019 $300M $400M 2017 2019 $300M $400M Continue to benefit from the leverage in the model (*) Disclaimer: All of the information p

  18. Slide 18: Summary

    Summary Positioning 250 customers, 70% of our business is Tier1 Technology Supporting the most challenging applications in our market Leading provider to the Advanced Packaging and compound Market semiconductors markets - rapidly expanding our TAM Financials Leverage in our model with healthy balanc

  19. Slide 19: Thank You

    Thank You info@camtek.com www.camtek.com Copyright of Camtek Ltd© 2021. All rights reserved

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