Acm Research, Inc. · NASDAQ:ACMR
Acm Research — Q3 2019 Earnings Presentation
10 slides from Acm Research's earnings presentation, Nov 7, 2019
Slide 1: Supplemental Investor Presentation: Earnings Release – Third Quarter 2019
Supplemental Investor Presentation Earnings Release – Third Quarter 2019 November 7, 2019
Slide 2: Forward-Looking Statements and Market Data
Forward-Looking Statements. Information presented below under “Outlook” with respect to revenue to be generated in 2019 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 significantly from ACM Re
Slide 3: Q3 2019 Operating Highlights
Q3 2019 Operating Highlights • Solid Q3 Results $33.4 million revenue, up 44% from Q3 2018 48.6% GAAP gross margin and 21.0% GAAP operating margin 49.1% non-GAAP gross margin and 25.7% non-GAAP operating margin • Total shipments of $43 million in Q3 2019 Increase of 33% from Q3 2018 • Key opera
Slide 4: Key Front-end Customers and New DRAM Customer
Key Front-end Customers •Global market leader in memory (DRAM & NAND) • Major new entrant into NAND flash and DRAM semiconductor products industry •ACM’s first major customer • Expanding capacity with construction of $24B production facility in Wuhan(2) •Expected to spend $107B in the coming years t
Slide 5: Single-Wafer Wet Cleaning Products
Single-Wafer Wet Cleaning Products Innovative, patent-protected tools address critical challenges in leading edge IC manufacturing SAPS TEBO Ultra – C Tahoe Megasonic Cleaning for Bubble Oscillation Cleaning for Hybrid Wafer Cleaning With Significant Flat and Patterned Wafer Patterned Wafers at Adva
Slide 6: New Electrochemical Plating Products Significantly Increase TAM
New Electrochemical Plating Products Significantly Increase TAM Delivers significant benefits to customers, including greater performance, increased flexibility and improved cycle times Ultra ECP AP Ultra ECP MAP Advanced Wafer Level Packaging Multi Anode Partial Plating (Back-end Assembly Tool) (Fr
Slide 7: Shanghai Manufacturing Facilities
Shanghai Manufacturing Facilities Factory #1 (Shanghai HQ) Shanghai Locations Facility #2 Factory #1 Factory #2 Facilities located just 10 miles apart • Original ACM factory • Second factory; opened in September 2018 • 36,000 sq. ft. facility • 50,000 sq. ft. facility • 8,000 sq. ft. of class 10,000
Slide 8: Q3'19 Financial Results
Q3’19 Financial Results $ Millions, non-GAAP gross profit and operating profit Revenue Gross Profit $16.3 $16.4 $33.4 +58% +59% +44% $10.3 $10.3 $23.2 48.6% 49.1% 44.4% 44.5% GAAP Gross Profit Non-GAAP Gross Profit Q3 2018 Q3 2019 Q3 2018 Q3 2019 Operating Profit Balance Sheet Data* $47.3 $8.6 $7.0
Slide 9: Outlook
Outlook We continue to expect 2019 revenue to be $105 million •Outlook represents more than 40% year-over-year growth 9
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 have more than doubled SAM China-based pro