Acm Research, Inc. · NASDAQ:ACMR
Acm Research — Q3 2020 Earnings Presentation
9 slides from Acm Research's earnings presentation, Nov 6, 2020
Slide 1: Supplemental Investor Presentation: Earnings Release – Third Quarter 2020
Supplemental Investor Presentation Earnings Release – Third Quarter 2020 November 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: Q3 2020 Highlights
Q3 2020 Highlights • Strong Q3 Results: $47.7 million revenue, up 43% from Q3 2019; total shipments of $59 million 42.7% GAAP gross margin and 15.7% GAAP operating margin 42.8% non-GAAP gross margin and 21.6% non-GAAP operating margin Ended Q3 with $92 million of cash, and an additional $24 mill
Slide 4: 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 5: 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 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: 2020 Outlook
2020 Outlook • Updated 2020 revenue guidance of $145 to $155 million 35% to 44% year-over-year growth Implies 38% to 78% year-over-year growth in Q4 revenue • Outlook assumes: COVID-19 situation remains stable in China and does not worsen on a global basis in the coming months Chinese semicon
Slide 8: Q3 2020 Financial Results
Q3 2020 Financial Results $ Millions Revenue Gross Profit $47.7 $20.3 $20.4 $16.3 $16.4 $33.4 42.7% 42.8% 48.6% 49.1% Gross Profit Non-GAAP Adjusted Gross Profit Q3'19 Q3'20 Q3'19 Q3'20 Operating Profit Balance Sheet Data* $92.2 $86.4 $10.3 $8.6 $7.5 $58.3 $7.0 $52.3 $47.3 21.6% $23.0 25.7% $18.6 $1
Slide 9: 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