Aem Holdings Ltd. · SGX:AWX
Aem — FY2024 Earnings Presentation
15 slides from Aem's earnings presentation, February 2025
Slide 1: AEM Investor Update FY2024 Results Briefing
AEM Investor Update FY2024 Results Briefing AEM | FY2024 Results | Investor Update
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: AEM Corporate Profile
AEM Corporate Profile AEM is a global leader in application-specific test and handling solutions for semiconductor and electronics companies serving the Compute and Advanced Packaging markets Pioneer in Automated Full-Stack Global Footprint System Level Test Listed on SGX TTM Revenue Test Capability
Slide 4: 2H2024 Financial Highlights
2H2024 Financial Highlights 2H2024 revenue comes in at high-end of revised guidance at S$206.8M Revenue S$206.8M +19% vs 1H2024 PBT (excluding exceptional items) S$14.1M +151% vs 1H2024 +3.6pts vs 1H2024 6.8% of Revenue AEM | FY2024 Results | Investor Update 4
Slide 5: Progress Made in 2H 2024
Progress Made in 2H 2024 Group remained focus on executing its four-point strategy – customer / market diversification, Test 2.0 technology leadership, operational excellence, and talent / culture. • Delivered the industry’s first fully automated high-throughput high- power burn-in system – AMPS-BI
Slide 6: PiXL Thermal Engine Delivers Lower Cost of Test for Advanced Packages
PiXLTM Thermal Engine Delivers Lower Cost of Test for Advanced Packages Advanced Packaging Increases Thermal Increasing Power Requirements & Package Size Gradient During Test 2024 2027 Emerging 1kW Power 3kW Power 30kW Power > 80mm package 150mm package 200mm package Sample AI Chip Roadmap* Cost of
Slide 7: PiXL Creates a Common Thermal Pathway Across Test Insertions for AI / HPC
PiXL Creates a Common Thermal Pathway Across Test Insertions for AI / HPC Total Semiconductor Manufacturing Equipment Market (2023) - US$120B Test: Front End: Assembly: US$107B US$8.4B US$4B (7% CAGR) PiXL Thermal solution available AEM test solutions available Test Instrument Probers / Handlers Con
Slide 8: Broad product portfolio to address IC test challenges from lab to production
Broad product portfolio to address IC test challenges from lab to production Engineering Test Systems Test Consumables & Collaterals Configurable Test Thermal Head Sockets Unit High-Throughput Production Test Solutions MEMS / Cryogenic Wafer Probe Automated Burn-In Final Test Handlers System Level T
Slide 9: FY2024 Financial Highlights
FY2024 Financial Highlights Revenue at S$380.4M and PBT (excluding exceptional items) at S$19.8M Revenue Gross Profit S$97.6M -25% vs FY2023 S$380.4M -21% vs FY2023 25.7% of Revenue -1.2pts vs FY2023 EPS (Diluted) vs (0.40 cents) in 3.65 cents FY2023 PBT (excluding exceptional items) NAV per share S
Slide 10: Revenue Mix: 2H2024 vs 1H2024
Revenue Mix: 2H2024 vs 1H2024 TCS revenue was up 31.5% vs 1H2024, while Contract Manufacturing remained relatively flat Total Revenue Mix (S$M) Test Cell Solutions Revenue Mix (S$M) 131.2 206.8 17.7 13% 173.6 99.8 22.3 17% 71.0 34% 34.9 35% 70.4 41% 4.6 2% 3.4 2% 91.2 70% 131.2 51.0 51% 64% 99.8 57%
Slide 11: Revenue Mix: FY2024 vs FY2023
Revenue Mix: FY2024 vs FY2023 TCS revenue came in at S$231M, contributing to 61% of revenue in FY2024 Total Revenue Mix (S$M) Test Cell Solutions Revenue Mix (S$M) 271.5 481.3 231.0 85.2 31% 380.4 52.6 23% 202.3 42% 141.4 37% 7.5 2% 73.3 32% 8.0 2% 131.5 49% 271.5 56% 231.0 61% 105.1 45% 54.8 20% FY
Slide 12: Balance Sheet
Balance Sheet A robust balance sheet with Debt/Equity at 0.2X As at Dec’24 Sep’24 Change • Receivables increased due to customer pull-in S$M S$M % towards end 4Q2024 Cash 43.8 47.1 (7.1) Inventories 296.8 334.1 (11.2) • Total equity S$492.3 million, up 3.9% from Sep Trade and other receivables 142.7
Slide 13: 1H2025 Revenue Guidance
1H2025 Revenue Guidance Rapid revenue growth from new customer accounts deploying advanced computing chips test 1H2025 Revenue Guidance solutions S$155M to S$170M Pull-in to 2H2024 of revenue by key customer from FY2025 AEM | FY2024 Results | Investor Update 13
Slide 14: Investment Highlights
Investment Highlights 4-Point Strategy To Drive Growth and Shareholder Value • Serving a large and high-growth Advanced Package burn-in and system level test market Revenue growth Continue to invest from customer & • Emerging growth and customer diversification in Test and retain Test 2.0 market seg
Slide 15: 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 | FY2024 Results | Investor Update