Acm Research, Inc. · NASDAQ:ACMR
Acm Research — Q2 2020 Earnings Presentation
10 slides from Acm Research's earnings presentation, Aug 6, 2020
Slide 1: Supplemental Investor Presentation: Earnings Release – Second Quarter 2020
Supplemental Investor Presentation Earnings Release – Second Quarter 2020 August 6, 2020
Slide 2: Forward-Looking Statements and Market Data
Forward-Looking Statements. Information presented below under “2020 Outlook” with respect to revenue projected to be generated in 2020 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: Q2 2020 Highlights
Q2 2020 Highlights • Strong Q2 Results: ➢$39.0 million revenue, up 35% from Q2 2019; total shipments of $45 million ➢49.6% GAAP gross margin and 18.8% GAAP operating margin ➢49.7% non-GAAP gross margin and 21.0% non-GAAP operating margin ➢Ended Q2 with $86 million of cash • Key Operational Progress:
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 forecasts that SAPS, TEBO, Tahoe and Semi-Critical tools address more than 80% of the wet cleaning market SFP, ECP and Furnace further expand ACM’s market opportunity Future Products World-class R&D team SFP, ECP, focused on innov
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: New R&D and Production Center in Lingang Region
New R&D and Production Center in Lingang Region • Finalized agreement for land rights for proposed R&D and production facility • Held ground-breaking ceremony on July 7, 2020 7
Slide 8: 2020 Outlook
2020 Outlook • Increased 2020 revenue guidance to a range of $140 to $155 million ➢ 37% year-over-year growth at mid-point • Outlook assumes: ➢ COVID-19 situation further improves in China and stabilizes in the rest of the world ➢ Chinese semiconductor industry fab investment continues ➢ Good growth
Slide 9: Q2 2020 Financial Results
Q2 2020 Financial Results $ Millions Revenue Gross Profit $39.0 $19.4 $19.4 $29.0 $13.1 $13.2 49.7% 49.6% 45.3% 45.4% Gross Profit Non-GAAP Gross Profit Q2'19 Q2'20 Q2'19 Q2'20 Operating Profit Balance Sheet Data* $86.4 $8.2 $7.3 $58.3 $52.3 $5.3 $47.3 $4.7 21.0% 18.8% $27.6 $18.6 $19.3 $17.0 18.2%
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