Tokyo Electron Device Limited · TSE:2760

Tokyo Electron Device — FY2020 Earnings Presentation

42 slides from Tokyo Electron Device's earnings presentation, Apr 30, 2020

1. Slide 1: Copyright © Tokyo Electron Device LTD. All Rights Reserved.

   2020 4 30 Copyright © Tokyo Electron Device LTD. All Rights Reserved.

2. Slide 2: Copyright © Tokyo Electron Device LTD. All Rights Reserved.

   Copyright © Tokyo Electron Device LTD. All Rights Reserved. 1

3. Slide 3: Copyright © Tokyo Device Device

   Copyright © Tokyo Copyright © Electron Device Device Tokyo Electron LTD. AllLTD. Rights Reserved. All Rights Reserved. 2

4. Slide 4: Copyright © Tokyo Electron Device LTD. All Rights Reserved.

   2020 3 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 3

5. Slide 5: Consolidated results summary

   ( ) 141,000 135,394 5,606 138,000 121,295 115,491 5,804 19,705 19,902 197 16,179 16,091 88 3,525 3,810 285 103 164 60 551 401 150 3,077 3,573 496 3,500 2,341 2,288 52 2,200 1,210 1,216 6 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 4

6. Slide 6: Operating income change analysis

   2019/ 3 EC EC CN 2020/ 3 PB 103 +8 39 1,410 1,354 , , PB EC PB PB TED Copyright © Tokyo Electron Device LTD. All Rights Reserved. 5

7. Slide 7: Results by segment

   • • ( ) 119,660 1,319 110,138 9,522 871 447 21,340 1,757 25,255 3,915 2,701 944 141,000 3,077 135,394 5,606 3,573 496 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 6

8. Slide 8: EC business sales breakdown

   EC • • 24% 19% 16% 10% 3 4 24% % % 25% 21% 11% 9% 4 3 27% % % Copyright © Tokyo Electron Device LTD. All Rights Reserved. 7

9. Slide 9: EC business sales breakdown by market

   EC • • 43% 20% 26% 5% 6% 45% 24% 21% 5 5 % % Copyright © Tokyo Electron Device LTD. All Rights Reserved. 8

10. Slide 10: EC business results

    EC • 35,205 28,083 7,122 20.2% 29.4% 25.5% 317 258 59 18.6% 110.92 108.70 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 9

11. Slide 11: PB business results

    PB EC • • • ( ) 10,211 10,972 761 7.5% 8.5% 10.0% Copyright © Tokyo Electron Device LTD. All Rights Reserved. 10

12. Slide 12: CN business sales breakdown

    CN • • 51% 41% 8% 54% 38% 8% Copyright © Tokyo Electron Device LTD. All Rights Reserved. 11

13. Slide 13: CN business sales breakdown by market

    CN • • 40% 31% 29% 37% 36% 27% Copyright © Tokyo Electron Device LTD. All Rights Reserved. 12

14. Slide 14: Balance sheet

    • • 78,352 76,539 ( ) 78,352 76,539 ( ) 3,794 4,492 8,516 9,982 36,096 34,743 25,438 19,327 17,987 20,088 25,007 22,261 7,171 26,410 27,141 5,522 7,932 7,870 0 0 2019.3.31 2020.3.31 2019.3.31 2020.3.31 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 13

15. Slide 15: Cash flow

    ( ) 2019.3.31 2020.3.31 C/F C/F C/F 549 8,651 7,479 61 3,534 4,218 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 14

16. Slide 16: Quarterly sales trends

    • • EC CN 41,962 ( ) 39,754 4,597 36,792 38,053 36,193 34,070 7,424 33,290 31,478 32,636 8,265 6,386 31,275 4,716 8,436 6,841 4,932 4,591 6,186 37,365 30,405 32,330 29,354 27,704 29,788 27,756 26,683 25,291 26,448 0 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 18/ 3 19/ 3 20/ 3 18/3 2Q TED 19/3 2Q Copyright © Toky

17. Slide 17: Copyright © Tokyo Device Device

    Copyright © Tokyo Copyright © Electron Device Device Tokyo Electron LTD. AllLTD. Rights Reserved. All Rights Reserved. 16

18. Slide 18: Copyright © Tokyo Electron Device LTD. All Rights Reserved.

    Copyright © Tokyo Electron Device LTD. All Rights Reserved. 17

19. Slide 19: EC PB  5G

    2021 3  EC   PB  5G Copyright © Tokyo Electron Device LTD. All Rights Reserved. 18

20. Slide 20: 2021 CN    

    2021 3 CN     Copyright © Tokyo Electron Device LTD. All Rights Reserved. 19

21. Slide 21: Fiscal 2021 forecast

    2021 3 ( ) 135,394 65,000 73,000 138,000 2,605 1.9% 110,138 54,900 60,700 115,600 5,461 5.0% 25,255 10,100 12,300 22,400 2,855 11.3% 3,573 1,100 3,000 4,100 526 14.7% (2.6%) (1.7%) (4.1%) (3.0%) 2,288 700 2,000 2,700 411 18.0% (1.7%) (1.1%) (2.7%) (2.0%) Copyright © Tokyo Electron Device LTD. All Ri

22. Slide 22: Operating income forecast change

    2020/ 3 EC EC CN 2021/ 3 PB 10 29 +45 1,380 1,354 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 21

23. Slide 23: FY2021 EC business forecast

    2021 3 EC  119,660 115,600 110,138  60,006 55,855 60,700   ams 59,653 54,282 54,900 0 19/3 20/3 21/3 ( ) Copyright © Tokyo Electron Device LTD. All Rights Reserved. 22

24. Slide 24: EC business Microsoft Azure

    2021 3 EC Microsoft Azure   Microsoft Microsoft Azure Azure 441 154 +136 +42 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 23

25. Slide 25: FY2021 PB business forecast

    2021 3 PB EC  TED 12,000 10,972 10,211  TED 5,626 7,000 5,890 5,346 4,321 TED 5,346 5,000 4,321  0 19/3 20/3 21/3 ( ) Copyright © Tokyo Electron Device LTD. All Rights Reserved. 24

26. Slide 26: FY2021 PB business initiatives

    2021 3 PB EC  DMS ODM  TED Copyright © Tokyo Electron Device LTD. All Rights Reserved. 25

27. Slide 27: FY2021 CN business forecast

    2021 3 CN  25,255 22,400  SOC 21,340 14,325  12,300 12,229 9,111 10,930 10,100 0 19/3 20/3 21/3 ( ) Copyright © Tokyo Electron Device LTD. All Rights Reserved. 26

28. Slide 28: FY2021 CN business initiatives

    2021 3 CN Copyright © Tokyo Electron Device LTD. All Rights Reserved. 27

29. Slide 29: Shareholder returns

    1 40 ( ) 40 50 ( ) 68 108 ( ) 93 90 60 66   40% 62.0  41.7 40.3 40.1 40.1 (%) 0 0.0% 17/3 18/3 19/3 20/3 21/3 ( ) Copyright © Tokyo Electron Device LTD. All Rights Reserved. 28

30. Slide 30: Copyright © Tokyo Electron Device LTD. All Rights Reserved.

    Copyright © Tokyo Electron Device LTD. All Rights Reserved. 29

31. Slide 31: VISION2020 targets

    VISION2020 ︓2021 3 2,000 3.5% ROE 15.0% 9.5% 10.0% ROE 8.8% 6.8% 4.2% 4.3% 3.2% 1,598 1,318 1,410 1,353 1,380 1,116 1,178 2.6% 3.0% 2.2% 1.7% 1.2% 1.4% 1.0% 0 0.0% 15/ 3 16/ 3 17/ 3 18/ 3 19/ 3 20/ 3 21/ 3 ( ) 21/3 ROE Copyright © Tokyo Electron Device LTD. All Rights Reserved. 30

32. Slide 32: Copyright © Tokyo Electron Device LTD. All Rights Reserved.

    Copyright © Tokyo Electron Device LTD. All Rights Reserved. 31

33. Slide 33: MDGRAPE-4A LSI

    MDGRAPE-4A   LSI  2020 3 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 32

34. Slide 34: AI CX-M, TED FAST

    AI CX-M CX-M TED FAST TriMath Copyright © Tokyo Electron Device LTD. All Rights Reserved. 33

35. Slide 35: CS-1 AI system

    CS-1  2019 12 AI CS-1  CS-1 21.5cm WSE CS-1 Copyright © Tokyo Electron Device LTD. All Rights Reserved. 34

36. Slide 36: Mission, DRIVING DIGITAL TRANSFORMATION, Vision

    Mission DRIVING DIGITAL TRANSFORMATION Vision Copyright © Tokyo Electron Device LTD. All Rights Reserved. 35

37. Slide 37: Copyright © Tokyo Electron Device LTD. All Rights Reserved.

    Copyright © Tokyo Electron Device LTD. All Rights Reserved. 36

38. Slide 38: Copyright © Tokyo Device Device

    Copyright © Tokyo Copyright © Electron Device Device Tokyo Electron LTD. AllLTD. Rights Reserved. All Rights Reserved. 37

39. Slide 39: EC business sales by market and supplier

    EC 24% 19% 16% 10% 3%4% 24% 25% 21% 11% 9% 4% 27% 3% 3.9% TI / NXP TI / NXP / / 2.0% POS ( ) TI / / / 39.3% NXP / 17.9% FA ( ) 8.5% ( ) 17.3% / / TED 5.0% / / / Copyright © Tokyo Electron Device LTD. All Rights Reserved. 38

40. Slide 40: EC business sales breakdown

    EC 43% 20% 26% 5% 6% 45% 24% 21% 5% 5% FA IC 3.1% TED 13.2% OA IC IC 25.8% PC POS POS 7.1% IC TV DVD AV 32.5% IC Copyright © Tokyo Electron Device LTD. All Rights Reserved. 39

41. Slide 41: CN business sales by supplier

    CN 51% 41% 8% 54% 38% 8% 25.3% F5 7.4% DELL EMC SAN 30.9% Copyright © Tokyo Electron Device LTD. All Rights Reserved. 40

42. Slide 42: Copyright © Tokyo Electron Device LTD. All Rights Reserved.

    Copyright © Tokyo Electron Device LTD. All Rights Reserved. 41

Tokyo Electron Device — FY2020 Earnings Presentation on 6ix