Acm Research, Inc. · NASDAQ:ACMR
Acm Research — Investor Presentation (November 2021)
17 slides from Acm Research's investor presentation, November 2021
Slide 1: Advanced Wet-Cleaning Tools for Leading Edge IC Fabs
Advanced Wet-Cleaning Tools for Leading Edge IC Fabs November 2021
Slide 2: Forward-Looking Statements and Market Data
Forward-Looking Statements. Information presented below under “Q3 2021 Highlights and Recent Announcements” with respect to the demand for ACM Research’s tools and expectations regarding delivery of ACM Research’s products and under “Shanghai Manufacturing Facilities – Existing and Planned” with res
Slide 3: Who is ACM Research?
Who is ACM Research? Mission Statement: To Become a Leading Global Provider of Semiconductor Capital Equipment • Best-in-class semiconductor wafer cleaning tools providing higher Clean yields and better efficiency at advanced fabs than conventional wafer SAPS TEBO Ultra – C Tahoe cleaning tools • Di
Slide 4: Tier One Customer Base
Tier One Customer Base Front-End Customers Back-End Customers • Major new entrant into NAND flash and • Leading advanced foundry in China • Global market leader in memory (DRAM & • Largest bumping house in China and DRAM industry • Manages first fully automated 300mm NAND) semiconductor products lea
Slide 5: ACM Flagship Cleaning Products
ACM Flagship 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 Advanced
Slide 6: Innovation and Product Introductions Expanding Addressable Market
Innovation and Product Introductions Expanding Addressable Market ACM estimates that its current product offerings address a $5 billion market opportunity (1) Future Products World-class R&D team SFP, ECP, focused on innovation Semi-Critical, Addressable Furnace (2020) Market Tahoe (2018) TEBO (2016
Slide 7: Shanghai Manufacturing Facilities – Existing and Planned
Shanghai Manufacturing Facilities – Existing and Planned Facility #1 (Shanghai HQ) Facility #2 (Chuansha Production) Lingang Under Construction • Original ACM factory • Located in Chuansha area of Pudong district, • Broke ground on the new R&D and approximately 11 miles from ACM Shanghai’s productio
Slide 8: Well-Positioned to Participate in Asia Fab Investments
Well-Positioned to Participate in Asia Fab Investments Semiconductor Industry Development ($ in billions) New Facilities and Industry Center Shifts China is the Fastest Production Lines Starting Through the Decades(1) Growing Geography(2) Operation (2017-2020)(1) Rank Country or 2021 16-'21 Present
Slide 9: Growth Strategy
Growth Strategy 111 Selective Acquisitions 111 Add New Customers • Use M&A to broaden product Continue to111 Build Scale in portfolio, add complementary Asia • Megasonic approaches SAPS, technologies and increase New Product Introductions TEBO, Tahoe and ECP a driving access to the global market Inc
Slide 10: History of Innovation & Customer Adoption
History of Innovation & Customer Adoption Launched Tahoe & ECP SFP, Vertical Eval Tools to 3 YMTC, SMIC, SK Hynix Major TEBO Demo Unit 2nd Factory First Tools Furnace and New Major Founded in and HLMC Evaluation SAPS Orders to HLMC; Expands New DRAM Semi-critical Industry Silicon Valley Placed SAPS
Slide 11: Q3 2021 Highlights and Recent Announcements
Q3 2021 Highlights and Recent Announcements • Strong Q3 Results: ➢ $67.0 million revenue, up 40.6% from Q3 2020; total shipments of $99 million ➢ 44.3% GAAP gross margin and 17.6% GAAP operating margin ➢ 44.5% non-GAAP gross margin and 19.5% non-GAAP operating margin ➢ Fully diluted GAAP EPS of $0.4
Slide 12: Q3 2021 Revenue Detail
Q3 2021 Revenue Detail Three Months Ended September 30, Nine Months Ended September 30, Total Revenue By Product Category 2021 2020 2021 2020 Singk Wafer Cleaning Tools (SAPS, TEBO, Tahoe) and Semi-Critical Ckaning Equipment Ss 49,448 § 38,344 «$127,322 S 94,468 ECP (front-end and packaging), Fumace
Slide 13: Q3 2021 Financial Results
Q3 2021 Financial Results $ Millions Revenue Gross Profit $29.7 $29.8 $20.3 $20.4 44.3% 44.5% 42.7% 42.8% Gross Profit Non-GAAP Gross Profit Q3'20 Q3'21 Operating Income Balance Sheet Data* $92.2 $13.1 $81.9 $11.8 $78.8 $71.8 $70.2 $10.3 $64.0 $65.0 $47.1 $7.5 19.5% $32.4 17.6% $23.0 21.6% 15.7% Q3
Slide 14: Investment Highlights
Investment Highlights $5 billion estimated addressable market, which includes cleaning, plating, furnace and advanced packaging (1) Innovative and patented tools for critical challenges in leading-edge IC production Tier 1 global customer base in DRAM, NAND and foundry / logic Major new product cate
Slide 15: GAAP to Non-GAAP Reconciliation (1)
GAAP to Non-GAAP Reconciliation (1) 15
Slide 16: GAAP to Non-GAAP Reconciliation (2)
GAAP to Non-GAAP Reconciliation (2) Three Months Ended September 30, 2021 2020 Other non- Other non- Actual Adjusted Actual Adjusted SBC operating SBC operating adjustments adjustments (GAAP) (Non-GAAP) (GAAP) (Non-GAAP) ($ in thousands) Revenue $ 67,013 $ - $ - $ 67,013 $ 47,665 $ - $ - $ 47,665 Co
Slide 17: GAAP to Non-GAAP Reconciliation (3)
GAAP to Non-GAAP Reconciliation (3) Nine Months Ended September 30, 2021 2020 Actual Other non- Adjusted Actual Other non- Adjusted SBC operating SBC operating (GAAP) adjustments (Non-GAAP) (GAAP) adjustments (Non-GAAP) ($ in thousands) Revenue $ 164,609 $ - $ - $ 164,609 $ 111,062 $ - $ - $ 111,062