Dupont Photomasks — D.A. Davidson (February 2004)
22 slides from Dupont Photomasks's conference presentation, Feb 6, 2004
Slide 1: DuPont Photomasks, Inc.
DuPont Photomasks, Inc. February 6, 2004
Slide 2: Safe Harbor Statement
Safe Harbor Statement Information contained herein includes forward-looking statements based on management’s current plans and expectations. Such statements involve risks and uncertainties such as pricing pressures, technology risks in our global operations and difficulties in managing demand and su
Slide 3: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures To supplement our consolidated financial statements presented in compliance with generally accepted accounting principles in the United States (GAAP), Dupont Photomasks, Inc. uses additional non-GAAP (pro forma) measures of operating results adjusted to exclude cer
Slide 4: Semiconductor Supply Chain
Semiconductor Supply Chain Design Manufacturing Etch CAD Deposition Semiconductor Customer Photomask Photolithography Chip Design Input
Slide 5: Agenda
Agenda 2Q04 Results - Demonstrating Progress AMTC Positioned to Accelerate and Leverage R&D Microimaging Solutions - a Unique Perspective
Slide 6: Agenda
Agenda 2Q04 Results - Demonstrating Progress AMTC Positioned to Accelerate and Leverage R&D Microimaging Solutions - a Unique Perspective
Slide 7: Revenue Reflects Historical Mask Cycle Trends
Revenue Reflects Historical Mask Cycle Trends $90 $80 $70 DPMI Revenues $60 Millions $ $50 $40 $30 $20 $10 $0 3Q03 4Q03 1Q04 2Q04 FYE June 30
Slide 8: Revenue Reflects Historical Mask Cycle Trends
Revenue Reflects Historical Mask Cycle Trends $90 $80 $70 DPMI Revenues $60 Millions $ $50 $40 $30 $20 25% $10 22% 17% 18% $0 3Q03 4Q03 1Q04 2Q04 FYE June 30
Slide 9: Leading Edge Revenue Growth Demonstrates Strong Technical Position
Leading Edge Revenue Growth Demonstrates Strong Technical Position $25 $20 ! th Supporting ≤130nm o w gr DPMI Revenues % 45 Millions $ $15 $10 $5 $0 3Q03 4Q03 1Q04 2Q04 FYE June 30
Slide 10: Cost Reduction Programs Taking Effect While Strategic Investments Ramp
Cost Reduction Programs Taking Effect While Strategic Investments Ramp 3Q03 4Q03 1Q04 2Q04 $0 -$2 3Q03 4Q03 1Q04 2Q04 Operating Income* -$4 -$6 Millions $ -$8 -$10 -$12 -$14 -$16 Includes ~$9M in strategic -$18 investments not yet generating incremental revenue FYE June 30 Pro Forma
Slide 11: Solid Balance Sheet Providing Time to Position Company
Solid Balance Sheet Providing Time to Position Company for Future Market Opportunities $300 $250 Ending Cash Balance $200 Millions $ $150 $100 $50 $0 3Q03 4Q03 1Q04 2Q04 FYE June 30
Slide 12: Agenda
Agenda 2Q04 Results - Demonstrating Progress AMTC Positioned to Accelerate and Leverage R&D Microimaging Solutions - a Unique Perspective
Slide 13: Advanced Mask Technology Center - World's Most Advanced Mask R&D Facility
Advanced Mask Technology Center - World’s Most Advanced Mask R&D Facility
Slide 14: Dresden, Germany Campus
Dresden, Germany Campus AMTC DPI-Dresden equally owned by AMD, owned by DPI Infineon and DPI volume production of develops and prototypes the advanced mask technology world’s most advanced mask developed in AMTC technology Technology Transfer in Same Facility
Slide 15: Dresden Campus - Benefits
Dresden Campus - Benefits Combines technical strengths of Infineon, AMD, and DPI Centralizes photomask technology R&D Shares capital and human resources Regains a technology leadership position
Slide 16: Agenda
Agenda 2Q04 Results - Demonstrating Progress AMTC Positioned to Accelerate and Leverage R&D Microimaging Solutions - a Unique Perspective
Slide 17: The Subwavelength Inflection Point Changed the Industry
The Subwavelength Inflection Point Changed the Industry (µm) 10 Above Wavelength Sub Wavelength 3.0µm 2.0µm 1.5µm 1.0µm 1 0.5 µm .436µm .365µm .248µm 0.35µm .193µm 0.25µm ? 0.18µm 0.13µm 0.10µm 0.1 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 0.065µm 0.045µm Wavelength
Slide 18: Increasing Mask Complexity Driving Increased Value and ASPs
Increasing Mask Complexity Driving Increased Value and ASPs 45 $3,000 40 PSMs $2,500 ASP per Set ($K) # of Masks per Set 35 30 $2,000 25 $1,500 20 Binary 15 $1,000 10 $500 5 0 $0 250nm 250 nm 180nm 180 nm 130nm 130 nm 90nm 90 nm 65nm 65 nm Company Estimates Design Rule
Slide 19: DFM - Microimaging Solutions
DFM - Microimaging Solutions Design Manufacturing Tape- Optimize out/ Wafer IC Design Design Mask Mfg Mfg Microimaging Solutions The solutions of tomorrow will create a seamless flow from design through manufacture
Slide 20: DPI Ahead of Curve
DPI Ahead of Curve BindKey is a wholly-owned subsidiary of DuPont Photomasks Develops and markets software tools that solve chip manufacturing problems during the design process Combines world-class mask technologists and EDA software experts in one place Long-term investment with value prop
Slide 21: Microimaging Solutions Benefits
Microimaging Solutions Benefits Customers Accelerated time to market Reduced cycle time Improved yields Enhanced manufacturability Company Enhanced profit margins Expanded addressable market Increased intellectual property content Improved linkage and value delivery to customers
Slide 22: Summary
Summary Executing revenue growth and cost reduction initiatives to return company to profitable growth Regain a technology leadership position through investment in world’s most advanced mask R&D center - AMTC Positioning company for future opportunities through strategic investments through d