Aem Holdings Ltd. · SGX:AWX
Aem — Q1 2024 Earnings Presentation
10 slides from Aem's earnings presentation, May 8, 2024
Slide 1: AEM Investor Update
AEM Investor Update May 8, 2024 AEM | 1Q2024 Investor Presentation
Slide 2: Disclaimer
Disclaimer This is a presentation of general information relating of financing. Accordingly, such statements are not and to the current activities of AEM Holdings Ltd. (“AEM”). should not be construed as a representation as to the It is given in summary form and does not purport to future of AEM, an
Slide 3: 1Q2024 Highlights
1Q2024 Highlights The Group’s continued investment in R&D has yielded positive results with 2 key wins in the HPC / AI space • The Group posted revenue of S$94.2M in 1Q2024, with profit before tax of S$2.7M • During the period the Group announced two program wins with a major fabless provider of HPC
Slide 4: 1Q2024 Financial Highlights
1Q2024 Financial Highlights Revenue at S$94.2M and PBT at S$2.7M Revenue PBT NAV per share S$94.2M S$2.7M 152.4 cents AEM | 1Q2024 Investor Presentation 4
Slide 5: Revenue Mix
Revenue Mix S$M Revenue 152.7 82.5 (54%) 94.2 51.4 (55%) 38.8 (25%) Services comprises manufacturing, engineering, 33.1 (35%) and FSE revenue 31.4 (21%) 9.7 (10%) 1Q2023 1Q2024 Test & Automation Equipment Consumables Services AEM | 1Q2024 Investor Presentation 5
Slide 6: Estimated 2025 AEM's Serviceable Addressable / Obtainable Markets
Estimated 2025 AEM’s Serviceable Addressable / Obtainable Markets 7000 US$6.0B 6000 Burn-in Burn-in systems sockets SLT sockets 5000 10% 9% 4% ATE 4% 4000 Probers 8% 3000 AEM’s Total SLT handlers SOM = $1.3B 2000 34% US$1.3B 1000 FT Handlers 30% 0 SAM SOM ATE Probers FT Handlers SLT handlers Burn-in
Slide 7: Addressing the Test 2.0 market via AEM's key technology pillars
Addressing the Test 2.0 market via AEM’s key technology pillars AEM’s Total SOM $1.3B Source: Yole, Internal Analysis AEM | 1Q2024 Investor Presentation 7
Slide 8: AEM's Test 2.0 paradigm is progressing
AEM’s Test 2.0 paradigm is progressing 2023 was challenging, yet we progressed well with our new accounts. 2024 will set the foundation for new test insertion win revenue to grow more than 5x from FY2023 to triple digit millions in FY2025 New Test Insertion Wins Update From 2023 to 2025 2023 2024 20
Slide 9: A Robust Balance Sheet
A Robust Balance Sheet Sound capital structure – Debt / Equity ratio of 0.3X As at Mar’24 Dec’23 S$M S$M Cash 91.0 101.8 Trade and other receivables (+S$18.5M) Inventories 326.5 328.6 Increased mainly due to higher revenue towards Trade and other receivables 77.3 58.8 the end of period Total assets
Slide 10: Thank You
Thank You Investor Relations Contact Samir MOWLA samir.mowla@aem.com.sg Financial PR Pte Ltd Kamal SAMUEL / Shivam SARAF Tel: 6438 2990 / Fax: 6438 0064 kamal@financialpr.com.sg shivam@financialpr.com.sg AEM | 1Q2024 Investor Presentation