Suss Microtec Se · XETR:SMHN
Suss Microtec — Investor Day (2025)
111 slides from Suss Microtec's investor day presentation, 2025
Slide 1: Market Overview & Ambition 2030
Market Overview & Ambition 2030 (Burkhardt Frick) Public I SUSS Capital Markets Day 2025 1
Slide 2: Our strategic growth plan builds on in-depth market research
Our strategic growth plan builds on in-depth market research and industry investigations 1 2 3 4 Insights from Development roadmap of Studies by global consulting Application & roadmap industry peers leading research institutes and research leaders discussions with industry leaders Source: ASML Sour
Slide 3: Today's tech trends, accelerated by AI, are built on semiconductors
Mobility Social Software- Autonomous Metaverse Healthcare Defined driving (AR/VR) & Med-Tech/ Vehicles Wearables Automotive Hyperconnec- Electrification tivity – 6G Today’s tech trends, Electrification/ Green power Industrial Automation Edge (AI-) Computing Internet of Things accelerated by AI, are
Slide 4: AI-led secular trends driving semiconductors toward a $1 trillion market by 2030
AI-led secular trends are driving semiconductors toward a $1 trillion market by 2030 Semiconductor device revenue Market segment Growth-drivers forecast (€bn) & key growth driver AI (Generative-, Agentic-, Physical-AI) Key growth driver Computing & Autonomous driving CAGR: ≙ 1 Trillion $ ~7%1 Data S
Slide 5: Rising application requirements blurring Frontend & Backend lines
Rising application requirements are blurring the lines between Frontend & Backend territories – addressed in our Business Unit strategy Frontend Backend Node size mitigation: Moore’s Law continues with nodes Advanced Packaging: evolution & broad shrinking toward Ångström era adoption of heterogeneou
Slide 6: Node size mitigation | Moore's Law continues
Node size mitigation | Moore’s Law continues, yet decelerates, Mid-end nodes maintain high revenue share – we serve a broad spectrum Moore’s Law will continue; Node size (leading-edge) in nm With our photomask portfolio despite slow-down in Roadmap ASML we address the semicon- geometrical scaling 5
Slide 7: Advanced Packaging | Strong growth ahead
Advanced Packaging | Strong growth ahead – largely fueled by 2.5D and 3D packaging Interconnection of chips, wafers, and As demand for high-performance computing rises, the value in interposers (e.g., Redistribution Layers, Advanced Packaging is shifting toward high-end technologies Through-Interpos
Slide 8: 2.5/3D Chiplet Technology
2.5/3D Chiplet Technology | SUSS well positioned to benefit from the strong momentum in 2.5D and 3D evolution Temporary • HBM: Structural support during thinning Bonding • HBM: Stacking of DRAMs1 Hybrid • CPO: Stacking of PIC & EIC1 Bonding • SoIC: E.g., Logic-on-Logic1 HBM System on Integrated Chip
Slide 9: Higher accuracy & cleanliness in Backend
Higher accuracy & cleanliness in Backend | Rising performance demands push accuracy & cleanliness in Advanced Packaging toward Frontend standards Ongoing equipment enhance- ments & roll-out of new pro- Evolution of precision requirements in Advanced Packaging cesses & equipment required • Hybrid Bon
Slide 10: Efficient & green processes | Rising demand for ESG-compliant equipment
Efficient & green processes | Rising demand for ESG-compliant equipment Zero emissions growth by 2025, and achieving Product carbon footprint reduction net-zero emission across the value chain by 2050. from Cradle to Grave TSMC continuously minimizes resource consumption We work hand-in-hand with cu
Slide 11: Serviceable market expected to grow ~7% per annum through 2030
Serviceable market is expected to grow by ~7% per annum through 2030 Serviceable Available Market (Revenue in €M) Photomask • High-End mask market leading growth • Mid-End mask market growing mid-to high single Equipment digits annually CAGR: +7% Photomask Equipment • Market entry with MEMS, Power &
Slide 12: SUSS position in selected markets
SUSS position in selected markets #1 #2 New Market Leader First Follower Market Entry ~100% Full-field projection UV-Scanning ~20% Photomask Cleaning (Mid-end) - Hybrid Bonding >80% Photomask Cleaning (High-end) ~15% Spin Coating (excl. Frontend) - Inkjet ~65% Photomask Bake & Develop ~60% Mask Alig
Slide 13: Upcoming new product introductions
Upcoming new product introductions – initiating next growth phase 2025 2026 2027 2028 2029 2030 Photomask Cleaning MaskTrack PRO/X CL MaskTrack SMART CL (High-End) Photomask Cleaning ASx 5500 ASx 9500 (Mid-End) Photomask GreenTrack-200 LVM Solutions GreenTrack GreenTrack-300 HVM (Wafer Cleaning) Gre
Slide 14: Growing Innovation
Growing Innovation
Slide 15: SUSS long term ambitions for 2030
SUSS long term ambitions for 2030 € 750 – 900 m 43 – 45% Sales Gross profit margin SUSS Ambition 2030 20 – 22% EBIT margin SUSS Ambition 2030 SUSS Ambition 2030 ~ 9 –13% annual sales growth compared to 2025e + ~9%-points EBIT margin expansion compared to 2025e + ~8%-points GP margin expansion compar
Slide 16: More diversified regional growth with normalizing China share
More diversified regional growth – with normalizing China share 5% ~10% 6% ~15% 7% 34% ~15% Sales Sales 16% FY2024 FY2030 (as reported) (projected) ~10% ~30% 32% ~20% China Taiwan Korea EMEA Americas Rest of APAC (incl. Japan) Public I SUSS Capital Markets Day 2025 16
Slide 17: SUSS – a valued partner in the semi ecosystem
SUSS – a valued partner in the semi ecosystem – Working alongside leading chip companies, as well as key research and industrial partners Foundries Integrated Device Technology and Academia, and OSATs Manufacturers material partners consortia We have expanded (IDMs) and institutes our global standin
Slide 18: Strategic focus on Customer Service to grow revenue and margin
Strategic focus on Customer Service to grow revenue and margin We are increasing our sales share in service business from 18% to 25%, Service Portfolio which will lead to revenue growth in Customer centric service portfolio enabling our customers to concen- services to between €190m and €225m. trate
Slide 19: Committed to next chapter of innovation in Frontend and Backend
We are fully committed to drive the next chapter of innovation and growth in Frontend (Moore’s Law) and Backend (More than Moore) Heterogeneous integration creates new multi-chip modules Backend Innovation Frontend Innovation Striving for the next technology node Public I SUSS Capital Markets Day 20
Slide 20: Business Unit Photomask Solutions
Business Unit Photomask Solutions (Yuta Nagai) Public | SUSS Capital Markets Day 2025 1
Slide 21: Market Outlook
Agenda 01 Market Outlook 02 Vision & Strategy 03 Financial Highlights 04 Summary Public | SUSS Capital Markets Day 2025
Slide 22: Synergies with Corporate Strategy and Our Strategic Role
Synergies with Corporate Strategy and Our Strategic Role Building the Foundation for Growth Across Front-End and Back-End As Moore’s Law continues to be extended, the demand Photomask Solutions will play a key role in supporting the for advanced photomasks remains solid. At the same time, corporate
Slide 23: Global Evolution Driven by Moore's Law
Global Evolution Driven by Moore’s Law | Pushing the Boundaries of Semiconductor Technology with High-NA and Next-Gen Logic 2023 2024 2025 2026 2027 2028 2029 2030 N4/N3 N3 N3/N2 N2 N2/A14 A14 A14/A10 A10 I3 I20A I18A I14A I10A GAA FET | 4nm/3nm Ribbon GAA FET | 1.8nm Ribbon GAA FET | 1.4nm CFET | 1
Slide 24: Three Pillars of Future Technologies Driving Photomask Solutions
Three Pillars of Future Technologies Driving Photomask Solutions Shift from solely Scale-Determined to Function-Optimized Chip Design 1 2 3 High-NA EUV CFET – Transistor Heterogeneous Integration Source: ASML Investor Day 2024 Source: IMEC Source: TSMC 2025 Technology Symposium Public | SUSS Capital
Slide 25: Three Pillars of Future Technologies Driving Photomask Solutions
Three Pillars of Future Technologies Driving Photomask Solutions Shift from solely Scale-Determined to Function-Optimized Chip Design 1 2 3 High-NA EUV CFET – Transistor Heterogeneous Integration Higher resolution imaging Vertical transistor stacking Disintegration into Chiplets introduces new mask
Slide 26: Demand outlook 2030 – SUSS well positioned across FEOL & BEOL
Three Pillars of Future Technologies Driving Photomask Solutions Demand outlook 2030 – SUSS is well positioned across FEOL & BEOL Market growth forecast 2025 – 2030 1 2 3 High-NA EUV CFET – Transistor Heterogeneous (FEOL1) (FEOL1) Integration (BEOL2) Photomask Advanced Photomask High-End Capability
Slide 27: Vision & Strategy
Agenda 01 Market Outlook 02 Vision & Strategy 03 Financial Highlights 04 Summary Public | SUSS Capital Markets Day 2025
Slide 28: Strategy to Win
Strategy to Win | Leading the industry through cutting-edge technology & sustainable solutions High-NA and CFET will set new technology benchmarks, while Heterogeneous Integration including Advanced Packaging drives volume growth Market leader High-End Photomask cleaning: Committed to sustaining lea
Slide 29: Photomask Product Portfolio Roadmap
Product Portfolio Roadmap 2026 will be a Milestone Year with three Major Product Launches 2024 2025 2026 2027 2028 2029 2030 Overall Status 1 MaskTrack PRO/X CL: HVM 45nm – 2nm Photomask High-end Cleaning 2 MaskTrack X GB: DUV EUV 3 MaskTrack SMART CL: Evaluation HVM 32nm – A1x Launch in 2026 ASx 55
Slide 30: MaskTrack SMART Cleaning System
MaskTrack SMART Cleaning System | Expanding Hybrid Solutions from Optical Mask Technologies to High-NA EUV MaskTrack SMART Superior particle removal through super high-frequency physical force cleaning Launch in 2026 Gentle surface preparation through ICP Plasma1 surface treatment Optimized coverage
Slide 31: Photomask Cleaning Evolution in High-NA EUV Era
Photomask Cleaning Evolution in High-NA EUV Era | Tackling Shrinking CDs, 3D Mask Effects, Tight Overlay, High EUV Power and Zero Defect 1 2 3 Photomask Challenges SUSS Excellence Competitive Advantage • Anamorphic imaging • Advanced particle removal control • Outstanding acknowledged process Needs
Slide 32: ASx9500 Cleaning System
ASx9500 Cleaning System A Scalable Mid-End Tool Configurable with only the Required Functions ASx9500 – Launch in 2026 Scalable technology platform supporting technology nodes from 90 nm to 38 nm Cost-efficient platform architecture enabling high productivity within a compact space High performance
Slide 33: Mature Node Growth Expected to More Than Double by 2030
Mature Node Growth Expected to More Than Double by 2030 Reaching Scale Comparable to High-End Nodes Global Photomask Market Value by Technology Market dynamics Node (USD Billions, 2023 – 2030) • AI, Automation ＆ IoT: Sustaining semiconductor demand • China: Scaling mature nodes beyond 2027 Market Va
Slide 34: GreenTrack Wafer Cleaning System
GreenTrack Wafer Cleaning System | All-in-One Solution for Environmental Impact Reduction, TCO Improvement, and more GreenTrack Wafer Cleaning – Launch in 2026 CrustBuster technology for advanced water-based cleaning Sustainable processing through TurbulenStrip technology utilizing green fluids SUSS
Slide 35: From Concept to Reality: Competitive Advantage Through Green Technology
From Concept to Reality Building Competitive Advantage Through Green Technology CrustBuster Technology UV Water Activation 0 min 1.5 min 3 min TurblenStrip Technology Green Fluids: • High performance • Water-based liquid • Biodegradable • Improved health and safety 100x, 10 min Public | SUSS Capital
Slide 36: GreenTrack Wafer Cleaning System | Market Projected to Quadruple
GreenTrack Wafer Cleaning System | Strategic Entry into a Market Projected to Quadruple in SAM Alongside Product Launches Serviceable Available Market [€m] 200mm: +1,100 MEMS, Power- & High Frequency- devices and ~1,400 CMOS Image Sensors ~1,400 ~300 Green Track 200mm Launch 2026 SAM 2024 Expansion
Slide 37: Financial Highlights
Agenda 01 Market Outlook 02 Vision & Strategy 03 Financial Highlights 04 Summary Public | SUSS Capital Markets Day 2025
Slide 38: Raising our revenue target for 2030
Based on our strong execution since the last Capital Markets Day, we are now in a position to raise our revenue target for 2030 Capital Markets Day 2023 Capital Markets Day 2025 Revenue [€m] Revenue [€m] 2x 131 Target 90 2x Accelerated execution 2023 Technological innovation Act 2023 Plan 2030 Relen
Slide 39: Revenue and Margin Outlook
Revenue and Margin Outlook | Driving Growth through both Product Lines: Photomask and GreenTec Revenue in €m & Gross Profit Margin in % Key Takeaways Key Takeaways 300 Photomask: Photomask: Revenue Outlook: 2026 will likely mark a short pause Capital 275 in growth as Outlook: Revenue the industry202
Slide 40: Summary
Agenda 01 Market Outlook 02 Vision & Strategy 03 Financial Highlights 04 Summary Public | SUSS Capital Markets Day 2025
Slide 41: Summary | Sustainable growth toward 2030
Summary | Sustainable growth toward 2030 through Technology, Market Expansion, & Sustainability – expanding from mask to wafer cleaning Revenue development (in €m) Our Vision Driving transformation and sustainable growth toward 2030 CAGR: 11 – 15% through Technology, Market Expansion, and Sustainabi
Slide 42: Business Unit Advanced Backend Solutions
Business Unit Advanced Backend Solutions (Dr. Robert Wanninger) Public | SUSS Capital Markets Day 2025 1
Slide 43: SUSS serves three essential process blocks in Advanced Backend
SUSS serves three essential process blocks in Advanced Backend We tailor our product solutions to support our customer’s product and manufacturing needs. Our target markets Bonding Systems Solution offering Heterogeneous Logic/Memory devices from “one” SUSS MEMS & Sensors Coating Systems Power/Discr
Slide 44: Our strategic focus – driving sustainable and profitable growth
Our strategic focus – driving sustainable and profitable growth Focus on high-volume markets: Focus on the right applications and provide right equipment with the right specifications Focus on key customers: Focus on industry leaders, identify customer success factors & turn these into differentiati
Slide 45: Strong market growth across all Product Lines
Strong market growth across all Product Lines, driven by highly performant Logic/Memory devices – put differently AI Serviceable Available Market Serviceable Available Market Strong market tailwinds across all by SUSS equipment [€M] by device [€M] Product Lines expected driven by Heterogeneous Logic
Slide 46: Ongoing portfolio optimization since 2023
Ongoing portfolio optimization since 2023 to reduce complexity In Advanced Backend Solutions, we are focusing on high-volume markets and specifically reducing our range of semi-automated equipment Bonding Systems Coating Systems Imaging Systems Number of products Number of products Number of product
Slide 47: Advanced Backend Solutions delivered on last long-term plan
Advanced Backend Solutions delivered on SUSS’ last long-term plan & is committed to further growth Revenues in €m & Gross Profit Margin in % 2018 – 2024 600 Doubling revenues by focusing on key customers and securing a strong position Capital Markets 550 in the AI ecosystem Day 2023 500 2026 Tempora
Slide 48: Let's deep-dive into our three Product Lines
Let’s deep-dive into our three Product Lines Public | SUSS Capital Markets Day 2025 7
Slide 49: Bonding | Temporary Bonding remains key revenue driver
Bonding | Temporary Bonding is – and will remain – the key revenue driver, with Hybrid Bonding gaining momentum SUSS revenues by Equipment Key Takeaways equipment type Temp. Bonding Key applications: Wafer thinning (e.g. HBM) Debonding Market leader supplying 2 of 3 IDMs (HBM) Deep-Dive next slides
Slide 50: Temporary Bonding & Debonding | SUSS market leader
Temporary Bonding & Debonding | SUSS market leader in a growing market fueled by demand for AI and HBM Market Outlook 2024 – 2030 Current SUSS market position Others Competitor 2 Memory thinning (HBM) Advanced Packaging (esp. Logic) Power Other (e.g., MEMS) Competitor 1 2024 2030 Memory stacking & A
Slide 51: Temporary Bonding & Debonding | Battle-proven, flexible tool
Temporary Bonding & Debonding | Battle-proven, flexible tool with high yield – ready for next device generations 1 2 3 4 High yield (>99%) Robust & HVM proven Ultra-thin Wafer Seamless adaptation through low TTV1 & mechanical & laser de- handling and across various HVM high cleanliness bonding techn
Slide 52: Hybrid Bonding | Fast-growing market
Hybrid Bonding | Fast-growing market – With our broad portfolio, we are ready to shape it Market Outlook 2024 – 2030 Current SUSS market assessment D2W Hybrid Bonding Market favors independent Surface Preparation & (esp. HBM & Advanced Logic) Hybrid Bonding tools Short-Term W2W Hybrid Bonding New (g
Slide 53: Hybrid Bonding | Excellence in technical performance
Hybrid Bonding | SUSS represents excellence in technical performance 1 2 3 Leading in accuracy – W2W HB already ready for future Platform flexibility according ideal for Advanced Logic Logic – due to low & repeatable to customer needs post-bond distortion W2W HB: 80nm Low distortion: 120nm Ø post bo
Slide 54: Coating | Inkjet drives growth
Coating | Inkjet drives growth as a disruptive technology, Spin Coating remains on a positive trajectory SUSS revenues by Equipment Key Takeaways equipment type Inkjet Key applications: Coating of complex structures, cost- Deep-Dive efficient coating of expensive resists & Additive next slides Manuf
Slide 55: Inkjet | Enabler for Additive Manufacturing
Inkjet | More than flexible & cost-efficient Coating – also a key enabler for Additive Manufacturing Inkjet as alternative to Spin Coating Inkjet as enabler for Additive Manufacturing Inkjet coating is particularly an alternative to conventional spin or In addition to traditional coating, Inkjet add
Slide 56: Inkjet | >50% material savings and top Coating quality
Inkjet | >50% material savings and top Coating quality – even on complex surfaces and independent of substrate geometry 1 2 3 Attractive Cost of Ownership Enabler for homogeneous Similar processes for Wafer through >50% material savings coating of 3-dimensional surfaces and Panel – ensuring consiste
Slide 57: Imaging | Dual growth path
Imaging | Dual growth path: UV-Scanner momentum in Advanced Packaging & market share expansion with NextGen Mask Aligner SUSS revenues by Equipment Key Takeaways equipment type UV-Scanner Key applications: Advanced Packaging of Deep-Dive Heterogeneous devices and Power next slides Market leader & so
Slide 58: UV-Scanner | Capturing accelerating demand
UV-Scanner | SUSS well positioned to capture accelerating demand for UV-Scanning through exclusive market leadership Market Outlook 2024 – 2030 Current SUSS market position Full-field projection UV-Scanning (ghi-line) Stepper ghi-line 2024 2030 • Advanced Packaging & Power device manufacturing • SUS
Slide 59: UV-Scanner | Best-in-Class Cost of Ownership
UV-Scanner | Best-in-Class Cost of Ownership for Exposure use cases in Advanced Packaging 1 2 3 Higher yields through Best-in-Class throughput for Versatile tool for multiple stitchless & contactless large reticle sizes applications enabled by exposure adjustable optic For large products, stitchless
Slide 60: NextGen UV-Scanner for CoWoS/CoPoS developed with ecosystem
In close collaboration with our ecosystem, NextGen UV-Scanner for CoWoS/CoPoS is developed as right fit product to set standards Projected annual UV-Scanner Current Partner of Choice CoW(P)oS capacity ramp (dph1) We were chosen as key supplier for leading CoWoS and CoPoS production Joint roadmap ali
Slide 61: Advanced Packaging partly moving to Panel
Advanced Packaging partly moving to Panel – SUSS Lithography Panel solutions launching soon Planned future 310x310mm2 Panel Portfolio PLP has been used for years, but mostly in simple, customized Before 2024 processes with varying large Panel sizes Out of scope Now, heterogeneous integration is 310x
Slide 62: Analyzing future Advanced Packaging trends
We consistently analyze future Advanced Packaging trends and turn them into real solutions by working hand in hand with our ecosystem Selection of key Adv. Packaging Trends Further development of existing products ‘26 ‘27 ‘28 ‘29 ‘30 Backside-Power-Delivery Pot. future business for Temporary Bonding
Slide 63: Summary | Driving profitable growth through focus
Summary | Driving profitable growth through focus on fast growing market segments & key customers with a streamlined portfolio Revenue development (in €m) Advanced Packaging of Heterogenous devices – focus market & main innovation area CAGR: 8 – 11% across all three Product Lines: 500 – 600 Temporar
Slide 64: Corporate Strategy
Corporate Strategy (Burkhardt Frick) Public I SUSS Capital Markets Day 2025 1
Slide 65: Focus is a core element of our Strategy 2030
Focus is a core element of our Strategy 2030. Public I SUSS Capital Markets Day 2025 2
Slide 66: A Culture that unites all employees behind the strategy
Equally important: A Culture that unites all employees behind the strategy. Public I SUSS Capital Markets Day 2025 3
Slide 67: Four company values support our Strategy 2030
Four company values support our Strategy 2030 Targets 2030 Team Up as One SUSS Take Ownership Lead by Example Change for Success 2025 Public I SUSS Capital Markets Day 2025 4
Slide 68: Our strategy at a glance
Our strategy at a glance CORPORATE VISION Leader in enabling innovative Advanced Backend & Photomask Solutions Sales & Service Execute profitable Focus on market Strategic Installed Base growth potential leaders management Guidance Advanced R&D Photomask Ambition SUSS Group Backend Scalability of R&
Slide 69: Excellence in R&D & Operations
Excellence in R&D & Operations (Dr. Thomas Rohe) Public | SUSS Capital Markets Day 2025 1
Slide 70: Building blocks for Operational Excellence
Definition of building blocks for Operational Excellence in 2023 as start for our transformation in Operations 1 Modular product design 4 Logistics Double-digit cost reduction Short to mid-term program to avoid over the next 3 to 5 years material shortages and reduce inventory, but based on long-ter
Slide 71: We demonstrate that we can execute big orders
Revenue development (in €M) Extreme ramp-up in 2024 and further growth 47% in 2025 after years of slow growth rates 510 446.1 470 We demonstrate 252.1 263.4 260.0 304.3 that we can exe- cute big orders What has changed and where do we continue in our transformation? 2020 2021 2022 2023 2024 2025 Pub
Slide 72: Making production more flexible through flexible workforce and outsourcing
Making production more flexible through flexible workforce and outsourcing Flexibility share [%] Number of outsourced hours Status: July 2025 selected products Sternenfels Garching Hsinchu Debonder Temp. Bonder Mask Cleaner Mask Bake Develop Staff flexibility in every production site as key success.
Slide 73: Extended workbench/outsourcing process established globally
Extended workbench/outsourcing process has been implemented and established globally for further flexible growth Selection steps Example 1 Request for quote AR300TF1 2 Technical analysis (as part of XBC300 Gen2 Debonder platform) 3 Feasability study 4 Process audit 5 Golden sample process 6 Frame co
Slide 74: Our supply chain today is more solid, flexible, global and sustainable
Our supply chain today is more solid, flexible, global and sustainable -40.5% Reduction of Single Sources 2023 2024 2025 ESG-conform +58.4% supplier base • Inclusion of sustainability criteria Long-lasting in the supplier selection process frame contracts • Regular implementation of abstract 2023 20
Slide 75: New factory
New factory Moving from 8 different sites around Hsinchu into one new site in Zhubei Public I SUSS Capital Markets Day 2025 7
Slide 76: Zhubei factory
Zhubei factory MODERN, FUNCTIONAL SITE 6.300 m2 production cleanroom with ISO 7 (ISO 6 for optical production area) 3.000 m2 warehouse with Heavy-duty rack Office space and modern plaza for 310 employees Public I SUSS Capital Markets Day 2025 8
Slide 77: Our manufacturing sites for semiconductor equipment
Our manufacturing sites for semiconductor equipment Garching Sternenfels Hsinchu/Zhubei HQ, Germany Germany Taiwan Photomask Cleaning MaskTrack X Bonding Systems XBC300 XBS300 Coating Systems ACS300 Mask Aligner UV Projection Imaging Systems MA200/300 Scanner DSC300 Operations employees 2025 48 176
Slide 78: Product modularization and standardization
Product modularization and standardization as enabler for profitable growth Product Standard Standard Concept Modules Components “building bricks” e.g., Equipment Front e.g., Robot Ende Module “EFEM” automation Public | SUSS Capital Markets Day 2025 10
Slide 79: Example: Equipment front end module (EFEM)
Example: Equipment front end module (EFEM) – in the past and future Individual solution for every tool Standardized modules for all tools “One EFEM per tool” “Three EFEMs in total” Clean Temporary Mask Strip wafer Aligner Bake de-bonding Develop S Size EFEM M Size EFEM L Size EFEM MA200 Gen5 DSC3
Slide 80: Modular Platform & Digitalization Tool Software
Modular Platform & Digitalization Tool Software Bonder MaskTrack Mask Aligner Modern, unified cross platform Coater Web API Web API Web API user interface Web API Software based „Workflows“ to guide users Extend display to include graphical control overviews etc. WebApp State of the art software arc
Slide 81: SUSS long term ambitions for 2030
Let’s talk about SUSS long term ambitions for 2030 success Execution of the modularization € 750 – 900 m and platform strategy Sales SUSS Ambition 2030 High-margin new products/innovations 43 – 45% 20 – 22% Gross profit margin EBIT margin Cost-optimized production SUSS Ambition 2030 SUSS Ambition 20
Slide 82: Financials
Financials (Dr. Cornelia Ballwießer) Public | SUSS Capital Markets Day 2025 1
Slide 83: SUSS keeps moving: sales growth drivers
SUSS keeps moving Our 2030 ambitions and the associated strategies are the baseline for our mid-term financial planning Sales growth driver • Growth with our current portfolio, driven by attractive market growth in the addressable markets and market share gains • Establishing in new markets through
Slide 84: SUSS keeps moving: gross profit margin drivers
SUSS keeps moving Our 2030 ambitions and the associated strategies are the baseline for our mid-term financial planning Gross profit margin driver • Execution of the modularization and platform strategy • New products and innovations with above-average margins • Cost-optimized production network and
Slide 85: R&D spend and CapEx for future success of SUSS
R&D spend and R&D spend CapEx for future Focus on innovative solutions and follow-on success of SUSS product generations CapEx Supplying modern infrastructure to achieve long-term ambitions Public I SUSS Capital Markets Day 2025 4
Slide 86: R&D spending main growth enabler, low average CapEx
R&D spending has been the main growth enabler at SUSS, while low average CapEx has led to a certain degree of underinvestment R&D spending and CapEx Cumulated amounts 2018 – 2025e 2018 – 2025 (in € m) New Zhubei production site: ~ €15m MicroOptics2 expansion 25.0 CapEx 75.2 in 2020/2021: 7.6 ⌀ CapEx
Slide 87: Steady increase in R&D spend necessary
To continue the growth path, a steady increase in R&D spend will be necessary in the coming years Cumulated amounts (R&D and CapEx) 460 – 500 Average annual CapEx level between 2026 and 2030 is likely to be between 100 – 120 + € 20 million and € 24 million, resulting to an average CapEx/sales ratio
Slide 88: Future success evident in sales growth and margin improvement
The future Sales growth success of SUSS Between 2025 and 2030, we expect sales CAGR will be evident in of 9% to 13% particular through sales growth and Margin expansion margin By 2030, we will enter a improvement new gross profit and EBIT margin level for SUSS Public I SUSS Capital Markets Day 2025
Slide 89: 2025 sales target of €400 million already achieved in 2024
Thanks to strong sales growth, particularly in recent years, the 2025 sales target of €400 million was already achieved in 2024 Sales development CAGR 2023 – 2025e 2018 – 2025e 24.3 – 29.5% CAGR 2018 – 2023 (continued operations) 9.8% 39.1 21.5 25.7 22.6 446.1 470 – 510 13.1 304.3 230.6 237.7 260.0
Slide 90: Average sales growth of 9 to 13% between 2025 and 2030
Between 2025 and 2030, we expect average sales growth of 9 to 13%, with momentum picking up from 2027 onwards Sales development CAGR 2025e – 2030A1 2024 – 2025e – 2030A 9 – 13% +5.4 – 14.3% 750 – 900 • Sales growth expected from 2027 446.1 470 – 510 • 2026 is likely to be a transitional year with an
Slide 91: SUSS has significantly improved its margin profile since 2024
SUSS has significantly improved its margin profile since 2024, mainly due to its focus on semi-equipment business and large customers Gross profit and ⌀ GP margin 18 – 23 ⌀ GP margin 24 – 25: EBIT margin in % 33.8% ~38%2 2018 – 2025e 25 40.0% 40 20 35 – 37% 34.1% 16.8% 33.0% 35 15 11 – 13% 9.1% 30 1
Slide 92: Significant potential for further margin expansion
There is significant potential for further margin expansion, particularly driven by scheduled portfolio changes in our segments Gross profit and EBIT margin in % 43 – 45% 2024 – 2025e – 2030A GP margin ambition 45 30 + ~ 8%-points vs. 2025e 40.0% 40 25 35 – 37% 20 – 22% 35 EBIT margin ambition 20 +
Slide 93: EBIT margin to benefit from higher business volume
EBIT margin to benefit from higher business volume while increased R&D spend is covered by decline of SG&A expense ratio How to achieve the targeted EBIT margin of 20 – 22% Benefiting from increase Reduced SG&A expense in gross profit ratio projected Gross profit has the potential to • R&D expense r
Slide 94: Operating Cashflow and Free Cashflow expected to reach higher levels
Based on our Cash flow generation strategic financial We plan to significantly improve Operating and model, Operating Free Cashflow in the coming years – with a significant Cashflow and Free improvement by the end of Cashflow are both the decade. expected to reach significantly higher levels in 2030
Slide 95: Operating and Free Cashflow have stabilized
After strong fluctuations in 2019 and 2020, Operating and Free Cashflow have stabilized significantly Operating CF, CapEx and Free Cashflow 2018 – 2024 55.2 2024: Free Cashflow reached strong € 25.3 million after an average of € 13.2 million between 2021 and 2023. 32.6 24.3 21.1 11.3 12.5 6.9 9.6 7.
Slide 96: Higher Operating CF and Free CF to finance growth beyond 2030
By the end of the decade, significantly higher levels of Operating CF and Free CF can be used to finance growth beyond 2030 2030: Operating CF (~ €100 million) and FCF (~ €90 million) could reach Operating CF, CapEx1 and Free Cashflow 2024 – 2030A significantly higher levels in 2030. However, this p
Slide 97: Generating shareholder value is a clear objective
Generating Shareholder return shareholder value It is our clear target to generate shareholder value, is a clear objective which is reflected in rising EPS and Free Cashflow per of our strategic share. In terms of capital plan for the period allocation, our primary goal remains to finance future up
Slide 98: Dividend policy
We have distributed dividends totaling €16.4 million to our shareholders for the years 2021 to 2024 Dividend distribution Dividend payments 2021 – 2024 2021 – 2024 (in € per share; payment in the following year) (in € million; payment in the following year) Dividend policy • Our shareholders should
Slide 99: Expect to generate significantly more value for shareholders
Based on our ambitions for 2030, we expect to generate significantly more value for our shareholders Earnings per share (in €) Our strategic growth plan envisages a significant improvement in earnings. This means that EPS could more than double by 2030. Free Cashflow per share (in €) Free cash flow
Slide 100: Maintaining sufficient liquidity to safeguard growth
We want to maintain sufficient liquidity to safeguard our targeted business growth and to buffer cash flow volatility Solid liquidity position We continue to consider a cash availability of ~ 25% of annual sales to be solid and typical for our industry Solid capital structure and high credit score •
Slide 101: Top priority for capital allocation is future investments
Our top priority for capital allocation is future investments that support targeted growth Invest to support targeted Maintain and further organic growth, strengthen balance sheet primarily through R&D spend to enable flexible funding and CapEx of growth-related activities Finance potential Our shar
Slide 102: Ambition to take SUSS to a new financial level by 2030
Our ambition is Sales FY 2024 €446.1 million FY 2030A €750 – 900 million to take SUSS to Sales growth 46.6% (YoY) 9 to 13% (CAGR 2025 – 2030A1) a new financial Gross profit margin (in %) 40% 43 to 45% level by 2030 SG&A (in % of sales) 13.8% ~11 to 12% R&D (in % of sales) 9.0% ~11% EBIT margin (in %
Slide 103: Summary & Ambition 2030
Summary & Ambition 2030 (Burkhardt Frick) Public | SUSS Capital Markets Day 2025 1
Slide 104: New Ambition 2030
Previous long-term plan delivered early - strong growth and margin expansion ahead Revenue [€M] & EBIT margin [%] New Ambition 2030 + 280 – 390 750 – 900 750 – 900 Mio. € revenue + 255 43 – 45 470 – 510 % GP margin 446 Ambition CMD 2023: €400M 191 Ambition 20 – 22 CMD 2023: 20 – 22 % EBIT margin 17
Slide 105: Growth based on evolving portfolio, new products and service
Growth based on strong evolving portfolio, new product introductions, and a strengthened service business Current portfolio – key revenue drivers: Revenue development (in €M) Photomask Equipment Remain #1 in high-end segment and expand leadership into mid-end segment CAGR: 9 – 13% Temporary Bonding
Slide 106: 9 – 13% sales growth p.a.
Growth path underpinned by AI-driven market tailwind and continued expansion into new segments Growth Driver Growth Impact Market growth High + Tool New market sales entry1 High 2025 - 2030 = + Market share expansion Moderate 9 – 13% sales growth p.a. + Service Intermediate 1) Wafer Cleaning & Hybri
Slide 107: Balanced margin expansion driven by portfolio, new equipment, service
Balanced margin expansion driven by the existing portfolio, new equipment platforms, and service Gross profit margin development (in %) Current (evolving) portfolio: • New modular & standardized product generations (e.g. new Mask ~ + 8%-points Cleaner, UV-Scanner & Mask Aligner) • Optimized producti
Slide 108: Product Innovation: our enabler for long-term success
Product Innovation: our enabler for long-term success Portfolio transition in ‘26 & ‘27 Margin uplift Portfolio strengthening with multiple from modularization & introductions of new modular product standardization from ’27/‘28 generations across all equipment families Selective R&D outsourcing rema
Slide 109: Active pursuit of inorganic growth
Active pursuit of inorganic growth – we have the means and are looking for the right fit Revenue development (in €M) Strategically enhancement of existing portfolio CAGR: 9 – 13% 750 – 900 +X • Acquisition must support existing strategic priorities, not merely broaden the portfolio 750 – 900 +X • Ac
Slide 110: Slide library
Confidential | Slide library 8
Slide 111: Disclaimer
Disclaimer The following presentations contain forward-looking statements relating to the business, financial performance and earnings of SUSS MicroTec SE and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are there