Acm Research, Inc. · NASDAQ:ACMR
Acm Research — Q1 2020 Earnings Presentation
13 slides from Acm Research's earnings presentation, May 7, 2020
Slide 1: Supplemental Investor Presentation: Earnings Release – First Quarter 2020
Supplemental Investor Presentation Earnings Release – First Quarter 2020 May 7, 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: Q1 2020 Highlights
Q1 2020 Highlights • Solid Q1 Results: ➢ Revenue and shipments were impacted by COVID-19 related shutdowns ➢ $24.3 million revenue, up 19% from Q1 2019; Total shipments of $12 million ➢ 42.0% GAAP gross margin and 5.0% GAAP operating margin ➢ 42.2% non-GAAP gross margin and 7.8% non-GAAP operating m
Slide 4: 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 5: Ultra C Wet Cleaning Tools for Advanced IC, Power Device, Advanced WLP Markets
Ultra C Wet Cleaning Tools for Advanced IC, Power Device, Advanced WLP Markets Latest Suite of Ultra C Wet Cleaning Tools for Front and Backside Processes Ultra C b Ultra C wb Ultra C s Backside Clean Automated Wet Bench Scrubber ✓ Backside metal removal or RCA clean ✓ Batch cleaning of up to 50 waf
Slide 6: Ultra Furnace Platform Targets LPCVD, Oxidation, Annealing and ALD
Ultra Furnace Platform Targets LPCVD, Oxidation, Annealing and ALD The innovative system design combines newly developed hardware that improves durability, with proven software technology and a proprietary control system and algorithm. Ultra Furnace ✓ The Ultra Furnace system is intended for batch p
Slide 7: Innovation and Product Introductions Expanding Addressable Market
Innovation and Product Introductions Expanding Addressable Market ACM projects that SAPS, TEBO and Tahoe address more than 50% of the single-wafer wet cleaning market, and SFP, ECP, Furnace and Semi-Critical tools more than doubles our market opportunity Future Products World-class R&D team SFP, ECP
Slide 8: 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 9: Update on Strategic Initiatives
Update on Strategic Initiatives • Proposed R&D and Production Center in Shanghai’s Lingang Region ➢ ACM expects to sign a definitive agreement for land rights for the site in the near future, with plans to start construction activities in late 2020, with initial production activities to commence in
Slide 10: 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 11: 2020 Outlook
2020 Outlook • Q1 revenue and shipments were impacted by COVID-19 pandemic • 2020 revenue in the range of $130 million to $150 million ➢ 30% y/y growth at the mid-point • Outlook assumes: ➢ The COVID-19 situation further improves in China and stabilizes in the rest of the world ➢ The low end of the
Slide 12: Q1'20 Financial Results
Q1’20 Financial Results $ Millions, non-GAAP gross profit and operating profit Revenue Gross Profit 42.2% 42.0% 43.1% 43.2% Operating Profit Balance Sheet Data* 14.6% 11.0% 7.8% 5.0% * Finished goods inventory represents ‘demo-to-sales’ product which have been delivered to customers for evaluation.
Slide 13: 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