Slide 1: Supplemental Investor Presentation: Earnings Release – First Quarter 2019
Supplemental Investor Presentation Earnings Release – First Quarter 2019 May 8, 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Information presented below under “2019 Revenue Expectation” 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 signific
Slide 3: Q1 2019 Operating Highlights
Q1 2019 Operating Highlights • Business Momentum Continued Despite Near-term Industry Challenges • Solid Q1 Results $20.5 million revenue, up 110% from Q1 2018 43.1% GAAP gross margin and 11.0% GAAP operating margin 43.2% non-GAAP gross margin and 14.6% non-GAAP operating margin $27.4 million ca
Slide 4: ACM Research Single-Wafer Wet-Cleaning Products
ACM Research Single-Wafer Wet-Cleaning Products SAPS TEBO Ultra – C Tahoe Megasonic Cleaning for Disruptive Solution for Hybrid Wafer Cleaning With Significant 2D Structures 3D Patterned Wafer Surface Cost & Environmental Benefits 4
Slide 5: ACM Research Semiconductor Electro-plating Products
ACM Research Semiconductor Electro-plating Products Ultra ECP AP Ultra ECP MAP • Advanced Wafer Level Packaging • Multi Anode Partial Plating • Back-end Assembly Tool • Front-end wafer fabrication processes ACM's ECP tools deliver significant benefits, including greater performance, increased flexib
Slide 6: Our Product Expansion Vision
Our Product Expansion Vision Future Products Addressable Tahoe Market Batch/Single TEBO 3D Patterned Wafer SAPS 2D Flat Wafer & Wafer Level Packaging World-class R&D team focused on innovation 2015 2020 2025 Time ACM estimates that SAPS, TEBO, and Tahoe address more than 50% of the single-wafer wet-
Slide 7: New Factory Ramps Production
New Factory Ramps Production • New factory added 50,000 square feet of production capacity to 36,000 square feet at existing facility • Production initiated at new factory in Q3 2018, expanded in Q4 2018 and ramping over the course of 2019 10-mile drive from First phase of capital expenditures Major
Slide 8: Q1 2019 Financial Results
Q1 2019 Financial Results $ Millions, non-GAAP gross profit and operating profit Revenue Gross Profit $8.8 $8.9 +110% $5.1 $5.1 Q1 2018 Q1 2019 GAAP Gross Profit Non-GAAP Gross Profit Operating Profit Balance Sheet Data $3.0 $2.3 ($1.9) $0.3 Q1 2018 Q1 2019 GAAP Operating Income Non-GAAP Operating I
Slide 9: Outlook
Outlook • For 2019, we continue to expect revenue of approximately $100 million Outlook represents 34% growth Reflects strong demand from existing customers 9
Slide 10: ACM Investment Summary
ACM Investment Summary Advanced Wet-Cleaning Tools for Leading Edge IC Fabs 1 Growing Share of ~$3B Wet-Cleaning TAM 2 China Operations Near Major New Fabs 3 World-class DRAM, NAND, Foundry and Logic Customers 4 Capacity Expanded with Second Factory 10