Kulicke And Soffa Industries, Inc. · NASDAQ:KLIC
Kulicke And Soffa Industries — Q1 2024 Earnings Presentation
14 slides from Kulicke And Soffa Industries's earnings presentation, Feb 1, 2024
Slide 1: Quarterly Earnings Review Q1F24
NASDAQ: KLIC Quarterly Earnings Review Q1F24 February 1, 2024 Ended December 30, 2023 1
Slide 2: Safe Harbor
Earnings Review Safe Harbor In addition to historical statements, this presentation contains statements relating to future events and our future results based on management’s expectations as of Jan 31, 2024. These statements are “forward-looking” statements within the meaning of the Private Securiti
Slide 3: Q1F24 Update
Q1F24 Update Ongoing Efforts State of Industry Key Focus Areas Ball Bonding Expected Semi Growth to Return in FY24 Advanced Packaging Automotive & Power Semi Softness create near- Advanced Display term softness for Wedge Advanced Dispense Q1F24 Results Q1F24 Commentary Revenue $171.2M Broader unit-d
Slide 4: Q1F24 Revenue Composition
Q1F24 Revenue Composition Revenue per quarter 5Yr Avg = quarterly average of preceding five fiscal years By End Market As a percent of total revenue General Semi LED Auto & Memory APS Industrial $41 $30 $24 $71 $6 • General Semi anticipated seasonality; Power Semi softness; new HV systems being adop
Slide 5: Expanding our Market Access with Technology Shifts – Semiconductor Assembly
Q1F24 Update Expanding our Market Access with Technology Shifts – Semiconductor Assembly Assembly Value Add = K&S Value Add Emerging K&S Assembly Solutions Provide Performance, Power-Efficiency, Form-Factor & Cost Benefits Ball Bonding Thermo-Compression Bonding (TCB) Decades of leadership Leadershi
Slide 6: Expanding our Market Access with Technology Shifts – Advanced Display
Q1F24 Update Expanding our Market Access with Technology Shifts – Advanced Display LUMINEXTM Project W Designed for the future Advanced Display market LUMINEX + Project W provide unique access to high- potential future Advanced Display market Direct-emissive & advanced backlighting trends are revolu
Slide 7: Financial Results
Q1F24 Financial Results $171.2M Expected Seasonal Dynamics Revenue Down 15.4% Q/Q $69.4M Down $0.4M Q/Q Non-GAAP Non-GAAP Better than Expected Non- Operating Operating GAAP OpEx Performance Expense* Margin* 6.4% Down 660 bps Q/Q Ongoing Through–Cycle Non-GAAP Profitability $0.30 Down 41.2% Q/Q Dilut
Slide 8: Income Statement
Income Statement Q1F24 Summary Items $Millions, except %, EPS, and share count Q1F23 Q4F23 Q1F24 Q/Q Y/Y Revenue $176.2 $202.3 $171.2 ($31.1) ($5.0) Gross Margin 50.3% 47.4% 46.7% (70) bps (360) bps Operating Expenses $76.9 $76.4 $78.2 $1.8 $1.3 Operating Income $11.8 $19.5 $1.7 ($17.8) ($10.1) Non-
Slide 9: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Q1F24 Summary Items $Millions Q1F23 Q2F23 Q3F23 Q4F23 Q1F24 Accounts Receivable $200.3 $169.1 $198.1 $158.6 $184.4 Inventory $211.6 $224.2 $228.0 $217.3 $236.6 Accounts Payable $57.5 $54.9 $52.9 $49.3 $58.7 Net Cash* $574.6 $538.4 $515.0 $577.9 $528.4 Working Capital Days**
Slide 10: Q2F24 Outlook
Q2F24 Outlook $170M Near-Term Softness in Revenue +/- $10M Automotive & Power Semi $72.5M +/- 2% Non-GAAP Key Milestones in TCB & Adv Display Expected Operating Gross Expense Margin 47% Continue to Expect Broader Semi +/- 100 bps Industry Growth in H2F24 Non-GAAP $0.25 +/- 10% Diluted EPS* Please se
Slide 11: Earnings Review Q&A
Earnings Review Q&A For additional information investor.kns.com investor@kns.com 11
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations 12
Slide 13: Non-GAAP Reconciliations
Non-GAAP Reconciliations 13
Slide 14: WZ kulicke & Soffa,
WZ kulicke & Soffa,
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