Slide 1: Supplemental Investor Presentation: Earnings Release – Third Quarter 2024
Supplemental Investor Presentation Earnings Release – Third Quarter 2024 November 7, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Certain statements contained in this presentation are not historical facts and may be forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and simil
Slide 3: Q3 2024 Summary
Q3 2024 Summary Q3 2024 Financial Results • $204.0 million revenue (up 21% y/y); total shipments of $261 million (up 23% y/y) • 51.4% GAAP gross margin (versus 52.5% in Q3 2023) • 51.6% non-GAAP gross margin (versus 52.9% in Q3 2023) • $44.2 million GAAP operating income (21.7% of revenue) • $56.1 m
Slide 4: Q3 and YTD Revenue Detail
Q3 and YTD Revenue Detail Revenue by Product: Q3’24 vs Q3’23 Revenue by Product: 9M’24 vs 9M’23 21.0% 44.2% $558.6M $204.0M 6% Advanced Packaging & Other 4% Advanced Packaging & Other $168.6M 17% ECP, Furnace & Other 18% ECP, Furnace & Other 6% $387.4M 15% 9% 18% 79% Cleaning 76% Cleaning 79% 73% Q3
Slide 5: Innovative Product Introductions Expanding Serviceable Available Market (SAM)
Innovative Product Introductions Expanding Serviceable Available Market (“SAM”) 1 PECVD | $4.3B Introduced late 2022 Track | $2.5B Introduced late 2022 Estimated 2023 SAM of $16 billion addressed by 2020: Furnace, ACM’s current product LPCVD, Vacuum Anneal, High- Furnace | $2.2B portfolio Temperatur
Slide 6: Long-Term Target for $3B+ in Revenue
Long-Term Target for $3B+ in Revenue Advanced Packaging & Other Long Term Target Composition > $3B* ECP, Furnace & Other ACM Cleaning Mainland China ACM SAM1 China SAM2 Share3 Revenue Cleaning $5.2B $1.6B 55% $850M ECP $1.2 $0.4 55% $200 Furnace $2.2 $0.7 15% $100 PECVD $4.3 $1.3 15% $200 Track $2.5
Slide 7: Tier One Customer Base
Tier One Customer Base Front-End Customers Back-End Customers • ACM 2023 Revenue %: 18% • ACM 2023 Revenue %: 15% • ACM 2023 Revenue %: 13% • Largest bumping house in China and • A semiconductor integrated circuit • New China-based entrant to DRAM leading WLCSP production base • Mainland China’s lar
Slide 8: ACM Shanghai Facilities
ACM Shanghai Facilities ACM Shanghai HQ and R&D Center Chuansha Production Facilities Lingang R&D and Production Center • ACM Shanghai Headquarters and China R&D • Located in Chuansha area of Pudong district, • Lingang R&D and Production Center Center approximately 11 miles from ACM Shanghai’s Zhang
Slide 9: ACM Oregon R&D and Clean Room Facility
ACM Oregon R&D and Clean Room Facility 6357 NE Evergreen Parkway, Hillsboro, Oregon • Purchased October 1, 2024 • 39,500 sq. feet facility including 5,200 sq. feet clean room • To further expand ACM’s R&D and demonstration capability in the U.S. market 9
Slide 10: 2024 Outlook
2024 Outlook • Raised 2024 Revenue Guidance Range: $725M - $745M (previously $695M - $735M ) • Outlook reflects, among other things: • Current assessment of the continuing impact from international trade policy • Various expected spending scenarios of key customers, supply chain constraints, and the
Slide 11: Q3 2024 Financial Results
Q3 2024 Financial Results Revenue Non-GAAP Gross Profit +21.0% +18.2% $204.0M $105.3M $168.6M $89.1M 52.9% 51.6% Q3‘23 Q3’24 Q3’23 Q3’24 EPS Balance Sheet Finished goods inventory GAAP Non-GAAP End ing cash & ca sh equ ivale nts 1 $0.45 $0.63 $367M $369M $0.39 $0.57 $326M $305M $288M $279M $299M $26
Slide 12: Appendix
Appendix
Slide 13: Q3 2024 GAAP to Non-GAAP Reconciliation
Q3 2024 GAAP to Non-GAAP Reconciliation Three Months Ended September 30, 2024 2023 Actual Other non- Adjusted Actual Other non- Adjusted SBC operating SBC operating (GAAP) adjustments (Non-GAAP) (GAAP) adjustments (Non-GAAP) (In thousands) Revenue $ 203,976 $ - $ - $ 203,976 $ 168,569 $ - $ - $ 168,