Amtech Systems, Inc. · NASDAQ:ASYS

Amtech Systems — Merger or Acquisition (October 2014)

9 slides from Amtech Systems's merger presentation, Oct 22, 2014

  1. Slide 1: Amtech Systems to Acquire BTU International

    AMTECH SYSTEMS TO ACQUIRE BTU INTERNATIONAL October 22, 2014

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement This Presentation may contain certain statements or information that constitute “forward-looking statements” (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). In some but not all cases, for

  3. Slide 3: Transaction Rationale Highlights

    Transaction Rationale Highlights  Greater scale, operating efficiencies and end market diversification  Combination reinforces Amtech’s solar growth opportunity  BTU’s Semi Reflow business is ~$40 million of revenue and a consistently profitable business  BTU’s non-Semi Reflow business offers po

  4. Slide 4: Combines Leaders in Innovation

    Combines Leaders in Innovation Founded: 1981 1950 Headquarters: Tempe, AZ North Billerica, MA Employees(1): 267 Employees 290 Employees Intellectual Property(2): 71 Patents 56 Patents Financial: LTM Revenue: $43.6 $51.1 LTM Gross Margin: 28.0% 34.5% Overview:  Global supplier of solar and  Proven

  5. Slide 5: Summary of Transaction Terms

    Summary of Transaction Terms  Amtech Systems, Inc. (“Amtech”) to acquire 100% of Transaction BTU International, Inc. (“BTU”) common stock  Each share of BTU will be exchanged for 0.3291 Terms shares of Amtech  All stock acquisition valued at $32.5 million or $3.33 Consideration per BTU share(1) 

  6. Slide 6: Transaction Rationale Detail

    Transaction Rationale Detail  Combination brings together two leaders in thermal processing equipment  Consistent with Amtech’s strategy of pursuing strategic acquisitions that complement the existing platform  Broader product portfolio  Semi Reflow products critical to the electronics assembly

  7. Slide 7: Broad Portfolio of Thermal Process Technologies

    Broad Portfolio of Thermal Process Technologies Semiconductor Solar Other Amtech Suite of Products Amtech Suite of Products Amtech Polishing Diffusion, Annealing Furnace LED Templates Furnace & Automation PECVD Furnace Carriers Ion Implanter BTU Suite of Reflow Products BTU Suite of Products BTU Hig

  8. Slide 8: Diversified End-Markets Pro Forma LTM Revenue

    Diversified End-Markets Pro Forma Other Semi Semi Solar Solar Other Semi Reflow Semi Reflow Solar Polishing Polishing LTM Revenue LTM Revenue LTM Revenue $43.6M $51.1M $94.7M Note: LTM financials are as of June 30, 2014. 8

  9. Slide 9: Key Takeaways

    Key Takeaways  Larger, stronger global platform to support solar growth  Combination of leaders in thermal processing equipment with histories of innovation  Consistent with Amtech’s acquisition strategy  Broader product portfolio  Expands served available market  Stronger China footprint  Im

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