Ultra Clean Holdings, Inc. · NASDAQ:UCTT
Ultra Clean — Q1 2026 Earnings Presentation
19 slides from Ultra Clean's earnings presentation, Apr 28, 2026
Slide 1: Investor Presentation Spring 2026
INVESTOR PRESENTATION SPRING2026
Slide 2: Safe Harbor
Safe Harbor This presentation contains, or may be deemed to contain, "forward- looking statements" (as defined in the US Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as "anticipates," “pro
Slide 3: Enabling Technology for 30 Years
Enabling Technology for 30 Years SOLVING COMPLEX PROBLEMS THROUGH GENERATIONS OF INNOVATION 3
Slide 4: Proven Growth Strategy
Proven Growth Strategy JULY•2015 Purchase Price $22.8M Revenue Growth: +325% GM Expansion: +7% AUGUST•2018 APRIL•2019 MARCH•2021 OCTOBER•2023 Purchase Price $342.0 Purchase Price $30.0M Purchase Price $351M Purchase Price $50M Revenue: +40% EV/EBITDA ~5.4 Revenue: +50% EV/EBITDA ~8.3 GM: +8% GM: +5%
Slide 5: Our Role in the Lifecycle of Chip Manufacturing
Our Role in the Lifecycle of Chip Manufacturing FAB CONSTRUCTION SUPPORT ChemTrace: Cleanrooms & Sub-fab Analysis Fab Infrastructure – Facilities Gas & Water, Effluent Abatement & Treatment EQUIPMENT BUILDOUT Wafer Fab Production Equipment New Part Cleaning WFE & Sub-Fab Support Equipment
Slide 6: Supplying Critical Process Capabilities
Supplying Critical Process Capabilities EPITAXY LITHOGRAPHY CMP ETCH 1,000+ STEPS PER DEVICE IMPLANT INSPECTION DEPOSITION 100’S OF TOOLS PER FAB ANNEAL WAFER CLEAN 6
Slide 7: Diversified Path To Market Expansion
Diversified Path To Market Expansion 7
Slide 8: UCT Revenue Footprint
UCT Revenue Footprint Revenue by Customer Revenue by Region Lam Applied Other OEM Non-Semi Services Asia North America EMEA 2,500 $M 2,500 2,000 2,000 1,500 1,500 1,000 1,000 59% 67% 500 500 - - 2020 2025 2020 2025 COMPANY CONFIDENTIAL | 8
Slide 9: Strategic Global Footprint
Strategic Global Footprint PRODUCTS* SERVICES CALIFORNIA UK CZECH OREGON REPUBLIC ARIZONA COLORADO KOREA ISRAEL TEXAS CHINA MAINE PHILIPPINES TAIWAN SINGAPORE MALAYSIA * Primary operational site 9
Slide 10: Total Available Market
2026 WFE ' : propucts $140 -145B _ ucrservices - 208 $2.0 —2.5B
Slide 11: 2030 Corporate Vision
2030 Corporate Vision AI is fueling rapid technology changes Revenue of • Accelerating node transitions – Architectures: GAA, BPDN, HBM, >3xxL, 4F2 – Integration: Hybrid bonding, advanced packaging • Increasing process complexity – Materials Gross Margin – Process technologies UCT 3.0: Trusted, stra
Slide 12: UCT 3.0: Powering Performance, Innovation & People
UCT 3.0: Powering Performance, Innovation & People Transform Expand Business Margin • AI • Vertical Integration • NPX • Regional Alignment Drive Operational Grow Share Excellence and SAM • Ramp Readiness • Technical Partnerships • Flawless Execution • Mergers & Acquisitions 12
Slide 13: End Market Update
End Market Update Foundry Logic 3D NAND DRAM INVESTMENT FOR AI LOGIC SPENDING NODE TRANSITIONS PROFITABILITY SUPPORTS PROLIFERTION ACROSS WIDER BASE DRIVING SPEND CAPACITY EXPANSION – Strong 2nm demand – Memory shortages likely – Supply shortages being – HBM supply imbalance to accelerating investme
Slide 14: Financial Update
FINANCIAL UPDATE Spring2026
Slide 15: Q1'26 Key Takeaways
Q1’26 Key Takeaways TOTAL GROSS OPERATING OPERATING CASH EPS* REVENUE MARGIN* MARGIN* CASH FLOW BALANCE $533.7M 16.5% 5.1% $(33.3)M $323.5M $0.31 PRODUCTS SERVICES Revenue • $465.7M Revenue • $68.0M Gross Margin* • 14.6% Gross Margin* • 30.0% Operating Margin* • 4.2% Operating Margin* • 11.5% 15 *No
Slide 16: Q2'26 Guidance
Q2’26 Guidance REVENUE $565M • $605M EPS $0.44 • $0.60 16
Slide 17: Thank You
Thank You
Slide 18: Reconciliation: GAAP Net Income to Non-GAAP Net Income
Reconciliation: GAAP Net Income (loss) to Non-GAAP Net Income $ IN MILLIONS FY24 FY25 Q1’26 Net income (Loss) per GAAP basis 23.7 (181.2) (17.9) Amortization of intangible assets (1) 30.4 28.1 6.9 Restructuring charges (2) 2.3 17.1 4.8 Stock-based compensation expense (3) 17.8 19.2 4.0 Legal-related
Slide 19: Reconciliation: GAAP to Non-GAAP Earnings Per Diluted Share
Reconciliation: GAAP to Non-GAAP Earnings Per Diluted Share FY24 FY25 Q1’26 Net income (Loss) per GAAP basis $0.52 $(4.00) $(0.40) Amortization of intangible assets (1) $0.67 $0.62 $0.15 Restructuring charges (2) $0.05 $0.38 $0.10 Stock-based compensation expense (3) $0.39 $0.42 $0.09 Legal-related