Slide 1: 2023 Annual Results Presentation
2023 Annual Results Presentation 28 February 2024
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided for These forward-looking statements reflect the Company’s current informational purpose only and should not be relied upon for the expectations, beliefs, hopes, intentions or strategies regarding the purpose of making any investm
Slide 3: Agenda
Agenda 01 │ Key Highlights 02 │ Financial Performance 03 │ Q1 2024 Revenue Guidance & Outlook 04 │ Q&A 3
Slide 4: Key Highlights
Key Highlights Private and confidential
Slide 5: Key Highlights
Key Highlights Advanced Packaging: Expanding Customer Base in High Growth Market Automotive: Maintaining Pole Position for Revenue Contribution SMT: Resilient Performance with Largest Market Share 5
Slide 6: Advanced Packaging: Expanding Customer Base in High Growth Market
Advanced Packaging Expanding Customer Base in High Growth Market Advanced Addressable Market (US$’B) Packaging • Increasing Addressable Market ~22% FY24-28F @ CAGR 18% fueled by generative AI & HPC FY 2023 Group Revenue • Entrenched position with major AI US$1,877M players 1.7 3.3 • Group’s market s
Slide 7: Advanced Packaging – 2.5D Packaging
Advanced Packaging – 2.5D Packaging Well-positioned to Capitalise on Generative AI and HPC Demand Thermo-Compression Bonding (“TCB”): • Market leader with largest installed base; technology leadership FIREBIRD (TCB) FIREBIRD (TCB) & LITHOBOLT (HB) • Well-positioned for accelerated TCB adoption; to e
Slide 8: Advanced Packaging – Transceiver & CPO
Advanced Packaging – Transceiver & CPO Photonics: Market Leading Solutions Benefitting from AI Solutions for Various Bandwidths in SiPh & CPO Top View Side View Speed • Comprehensive solutions for 400G and Logic Pluggable module higher transceivers Pluggable 100 / Logic Substrate Transceiver 400 / •
Slide 9: Automotive: Maintaining Pole Position for Revenue Contribution
Automotive Maintaining Pole Position for Revenue Contribution Automotive Addressable Market (US$’B) Comprehensive Range of Automotive Solutions ~22% Automotive CIS Solutions FY24-28F @ CAGR 10% FY 2023 Laser Singulation & Silver LED / Advanced Group Revenue Sintering Solutions Display Solutions US$1
Slide 10: SMT – Resilient Performance
SMT – Resilient Performance Solidified Leading Market Share Position • Revenue >US$1B for past 3 years, grew market share • Robust demand for high-end placement and printing tools, mostly from Europe and the Americas • Bookings started to soften in 2H 2023 due to Automotive and Industrial normalisin
Slide 11: Financial Performance
Financial Performance Private and confidential
Slide 12: FY 2023 Key Financials
FY 2023 Key Financials Revenue Bookings Backlog US$1,877M US$1,566M US$846M (-24.1% YoY)1 (-33.5% YoY)1 (-26.4% YoY)1 Gross Margin Operating Margin 39.3% 7.5% (-186 bps YoY) (-920 bps YoY) Adjusted Net Profit 2 DPS (including Adjusted EPS 2 Special Dividend) HK$745M HK$1.82 HK$1.39 (-71.5% YoY) (-71
Slide 13: FY 2023 Group Financial Results
FY 2023 Group Financial Results 2,356 2,473 1,877 1,566 US$’M Revenue • Declined due to downcycle in 2023 FY 2022 FY 2023 Bookings Bookings Revenue • Declined YoY due to weak industry conditions Gross Margin 41.1% 39.3% • AP, Automotive and Industrial remained stable at ~60% Gross margin 3,237 • Dec
Slide 14: Q4 2023 Group Financial Results
Q4 2023 Group Financial Results 553 444 435 Revenue 398 379 350 US$’M • Above midpoint of guidance • Declined YoY due to prevailing industry weakness Q4 2022 Q3 2023 Q4 2023 Bookings Bookings Revenue • Declined QoQ due to seasonality and YoY due to SMT Gross Margin 41.4% 34.2% 42.3% Gross margin • I
Slide 15: Q4 2023 Semiconductor Solutions Segment Performance
Q4 2023 Semiconductor Solutions Segment Performance 241 201 204 169 159 144 US$’M Revenue • IC/Discrete: Highest contribution from TCB • Optoelectronics: Highest contribution from advanced tools Q4 2022 Q3 2023 Q4 2023 serving SiPh and Photonics Bookings Revenue • CIS: Continued weakness in smartpho
Slide 16: Q4 2023 SMT Solutions Segment Performance
Q4 2023 SMT Solutions Segment Performance 313 254 243 232 209 191 US$’M Revenue • Declined YoY due to normalisation in Industrial and Q4 2022 Q3 2023 Q4 2023 Automotive end markets Bookings Revenue • Automotive and Industrial still the highest contribution Gross Margin 39.1% 36.0% 41.0% Bookings 527
Slide 17: Key End-Market Applications
Key End-Market Applications Serving Broad-based End-Market Applications* Automotive Industrial Consumer Computers Communication Others TV Mobile Phones Visual Sensors Personal Computers EV Charging Wearables Wired Infrastructure Medical Devices Infotainment Servers Smart Factories Audio devices Wire
Slide 18: Key Partner to Global Customers
Key Partner to Global Customers More Geographically Diversified Customer Base Group Revenue Contribution by Geography 50% 42% 40% 31% 30% 28% 20% 18% 18% 12% 9% 10% 6% 6% 3% 3% 4% 4% 3% 2% 3% 3% 2% 1% 2% 0% China Europe Americas Malaysia Taiwan Korea Thailand Japan India Others (incl. Hong Kong) FY
Slide 19: Returning To Shareholders
Returning To Shareholders Strong Cash Position Supporting Special Dividend For 2023 Dividend Payout (%) FY23 (incl. Special FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Dividend) 61% 53% 59% 53% 36% 49% 132% 68% 51% 50% 80% Dividend Per Share (HK$) 2.6 1.9 1.4 HK$1.39 1.3 0.7 2.0 1.3 1.1 (Total
Slide 20: Q1 2024 Revenue Guidance & Outlook
Q1 2024 Revenue Guidance & Outlook Private and confidential
Slide 21: Q1 2024 Revenue Guidance & Outlook
Q1 2024 Revenue Guidance & Outlook As SMT’s bookings began softening in 2H 2023, the Group expects Q1 2024 revenue to be: US$370m to US$430m (-20.0% YoY and -8.1% QoQ at mid-point of guidance) • Many experts have anticipated semiconductor industry to recover in 2024 • Remain optimistic due to: o Lon
Slide 22: Q&A
Q&A Private and confidential
Slide 23: Thank You!
Thank You! For enquiries, please contact: Mr. Romil Singh / romil.singh@asmpt.com Mr. Leonard Lee / leonard.lee@asmpt.com asmpt.com Private and confidential
Slide 24: Appendix
Appendix Private and confidential
Slide 25: Reconciliation to Non-HKFRS Measures
Reconciliation to Non-HKFRS Measures The below tables highlights the reconciliations of the Group’s’ financial measures prepared in accordance with Hong Kong Financial Reporting Standards (“HKFRS”) for Q3 2023, Q4 2023 and FY 2023 to the non-HKFRS measures: Q3 2023 Q4 2023 FY 2023 Non-HKFRS adjustme