Slide 1: Supplemental Investor Presentation: Earnings Release – Second Quarter 2019
Supplemental Investor Presentation Earnings Release – Second Quarter 2019 August 8, 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Information presented below under “Outlook” 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 significantly from ACM Re
Slide 3: Q2 2019 Operating Highlights
Q2 2019 Operating Highlights • Business Momentum Remains Strong Amidst Cycle • Excellent Q2 Results $29.0 million revenue, up 39% from Q2 2018 45.3% GAAP gross margin and 16.1% GAAP operating margin 45.4% non-GAAP gross margin and 18.2% non-GAAP operating margin Solid cash balance of $27.6 milli
Slide 4: Key Front-end Customers and New DRAM Customer
Key Front-end Customers •Global market leader in memory (DRAM & NAND) • Major new entrant into NAND flash and DRAM semiconductor products industry •ACM’s first major customer • Expanding capacity with construction of $24B production facility in Wuhan(1) •Expected to spend $107B in the coming years t
Slide 5: 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 6: New Electrochemical Plating Products Significantly Increase TAM
New Electrochemical Plating Products Significantly Increase TAM Delivers significant benefits to customers, including greater performance, increased flexibility and improved cycle times Ultra ECP AP Ultra ECP MAP Advanced Wafer Level Packaging Multi Anode Partial Plating (Back-end Assembly Tool) (Fr
Slide 7: Strategic Investment Plan ‒ Access China's Capital Markets
Strategic Investment Plan ‒ Access China’s Capital Markets • Announced in June 2019 • Plan to list shares of ACM Research (Shanghai), Inc., the principal operating subsidiary of ACM Research, on Shanghai Exchange’s Sci-Tech innovAtion boaRd (“STAR Market”) ►Direct access to local capital to support
Slide 8: 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 9: Q2'19 Financial Results
Q2’19 Financial Results $ Millions, non-GAAP gross profit and operating profit Revenue Gross Profit $13.1 $13.2 $29.0 $20.9 +39% $8.7 $8.7 45.3% 45.4% 41.8% 41.8% GAAP Gross Profit Non-GAAP Gross Profit Q2 2018 Q2 2019 Q2 2018 Q2 2019 Operating Profit Balance Sheet Data* $27.1 $27.4 $27.6 $5.3 $4.7
Slide 10: Outlook
Outlook We have raised our 2019 revenue outlook to $105 million, an increase of $5 million from previous outlook •Outlook represents more than 40% year-over-year growth •Reflects strong demand from existing customers 10
Slide 11: 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