Ichor Holdings · NASDAQ:ICHR

Ichor — 30th Annual ROTH Conference (March 2018)

13 slides from Ichor's conference presentation, Mar 13, 2018

  1. Slide 1: 30th Annual ROTH Conference

    30th Annual ROTH Conference Thomas Rohrs, CEO and Chairman Jeff Andreson, CFO March 13th, 2018

  2. Slide 2: Safe Harbor and Non-GAAP Financial Measures

    Safe Harbor and Non-GAAP Financial Measures This Presentation and the accompanying oral presentation include “forward‐looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding Ichor H

  3. Slide 3: Revenue Growth Outperforming the Industry; Driving Earnings Leverage

    Revenue Growth Outperforming the Industry; Driving Earnings Leverage Annual Revenue Adjusted Net Income 28% $Millions $Millions and as % of Revenue CAGR $656 $65.1 $406 $31.6 $291 9.9% $249 7.8% $20.2 $11.7 7.0% 4.7% 2014 2015 2016 2017 2014 2015 2016 2017 Non-GAAP Adjusted Net Income from continuin

  4. Slide 4: Investment Highlights

    Investment Highlights Enabling semiconductor manufacturing equipment with high-performance fluid delivery systems Key Investment Highlights Corporate Snapshot  Leading supplier of gas panel delivery systems…for the Ticker ICHR semiconductor capital equipment industry Market Cap (3/7/18) $735M  Mul

  5. Slide 5: What We Do – Gas Delivery Subsystems

    What We Do – Gas Delivery Subsystems Gas Delivery Subsystems Dry Process Equipment Transfer Factory Chamber Interface Mainframe Gas Delivery Subsystem Chamber/ Process Module Process Current Ichor Product  Used for dry etch, CVD, epitaxy, PVD, lithography and RTP  Requires precise control of the v

  6. Slide 6: What We Do – Chemical Delivery Subsystems

    What We Do – Chemical Delivery Subsystems Chemical Delivery Subsystems Wet Process Equipment Controls Assembly Factory Interface Transfer Chamber Process Module Chamber/Proc ess Module Chemical Delivery System Process Current Ichor Product  Used for CMP, wet clean and electroplating  Precisely ble

  7. Slide 7: New Semiconductor Processes Require More Fluid Delivery

    New Semiconductor Processes Require More Fluid Delivery Ichor platforms are critical to the etch, CMP and deposition steps which support these technology inflections: Multiple Patterning FinFET Advanced Packaging 3D NAND • Using multiple • Increasing number of • Incorporating front-end • Next genera

  8. Slide 8: Process Tools Growing Faster Than WFE Rate

    Process Tools Growing Faster Than WFE Rate ($b) Total WFE Dry Etch (Gas Delivery) Relative Growth Rate ($Billions) ($Billions) $10.6 $46.5 $7.3 $5.6 $6.3 $3.9 2.2X $35.2 2013 2014 2015 2016 2017E $32.0 $32.0 $28.2 CVD (Gas Delivery) ($Billions) $7.0 $4.6 $5.1 $4.2 $2.8 2.0X 2013 2014 2015 2016 2017E

  9. Slide 9: Ichor Strategic Growth Roadmap – On Track to $1B+ in Annual Revenues

    Ichor Strategic Growth Roadmap – On Track to $1B+ in Annual Revenues Future Growth Additional Share Gains Additional M&A Expand Product Offerings Continued Expansion with Proprietary Solutions of Customer Base Q1 2018 & Product Offerings $245M @ Mid-point (1) Expand Served Market 2017 Talon and Cal-

  10. Slide 10: 2017 Acquisitions Expand SAM and Operating Margin

    2017 Acquisitions Expand SAM and Operating Margin Ichor Executing on Strategic Growth Initiative Cal-Weld Highlights Talon Innovations Highlights  Closed in Q3’17, $50M Purchase Price  Closed in Q4’17, $130M Purchase Price ($10M ($20M Cash, $30M Borrowing) Cash, $120M Borrowing)  Strategic Busine

  11. Slide 11: Improved Target Model with Significant Operating Leverage

    Improved Target Model with Significant Operating Leverage Actual Results Improved Target 2015 2016 2017 Model Revenue ($M) $291 $406 $656 Gross Margin 16.7% 16.1% 16.4% 19% - 20% Operating Expenses 9% 7% 6% 6% Operating Margin 8% 9% 11% 13% - 14% Non-GAAP Net Margin 7% 8% 10% 12%+ Non-GAAP results a

  12. Slide 12: Year in Review – First Year Anniversary of IPO

    Year in Review – First Year Anniversary of IPO Business Objectives Financial Objectives Expand Share at Top-Tier SemiCap Customers Revenues outpacing YoY shipments by key customers  Revenue Growth Outpacing Industry 62% Revenue Growth for CY17 or 2X WFE Growth  Expand Product Offerings Proprietary

  13. Slide 13: NASDAQ:ICHR

    NASDAQ:ICHR I chor systems 12

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