Kulicke And Soffa Industries, Inc. · NASDAQ:KLIC
Kulicke And Soffa Industries — Q3 2023 Earnings Presentation
13 slides from Kulicke And Soffa Industries's earnings presentation, Aug 9, 2023
Slide 1: Quarterly Earnings Review Q3F23
NASDAQ: KLIC Quarterly Earnings Review Q3F23 Ended Jul 1, 2023 Aug 9, 2023 1
Slide 2: Safe Harbor
Earnings Review Safe Harbor In addition to historical statements, this presentation contains statements relating to future events and our future results based on management’s expectations as of Aug 8, 2023. These statements are “forward-looking” statements within the meaning of the Private Securitie
Slide 3: Q3F23 Update: Multiple Growth Initiatives in Parallel
Q3F23 Update Multiple Growth Initiatives in Parallel Market Update Progress Across Several Initiatives Gradual Ball Bonder Recovery Underway • Broadening Advanced Packaging • Utilization rates increased engagements • Renewed high-volume demand • FQ3 TCB up 10% sequentially • Above average unit growt
Slide 4: Supporting Several Technology Changes in Parallel
Q3F23 Update Supporting Several Technology Changes in Parallel Ball Bonding Wedge Bonding Advanced Display Advanced Packaging • Utilization improving • New materials & • Significant LT growth • Gained share in leading- • Assembly complexity efficiency requirements opportunities edge logic & optical
Slide 5: Q3F23 Revenue Composition
Q3F23 Revenue Composition Revenue per quarter 5Yr Avg = quarterly average of preceding five fiscal years By End Market As a percent of total revenue General Semi LED Auto & Memory APS Industrial $45 $40 $18 $78 $11 • General Semi – Ball demand recovery & sequentially higher dedicated Advanced Packag
Slide 6: Innovation & Market Adoption: Actively Engaged with Several Tech Transitions
Q3F23 Innovation & Market Adoption Actively Engaged with Several Tech Transitions 1 Automotive – Expanding demand for market-leading power systems Evolving Semi Assembly technology is increasing K&S value-add Achieved new throughput milestones with LUMINEXTM Delivering Value Through Investments 2 Ma
Slide 7: Financial Results
Q3F23 Financial Results $190.9M Gradual Industry Recovery Revenue Up 10.3% Q/Q $66M Up $2M Q/Q Non-GAAP Non-GAAP Enhanced Through–Cycle Operating Operating Profitability Expense* Margin* 12.7% Up 90 bps Q/Q OpEx Cost Controls Non-GAAP Remain in Place $0.55 Up 44.7% Q/Q Diluted EPS* *Please see Non-G
Slide 8: Income Statement
Income Statement Q3F23 Summary Items $Millions, except %, EPS, and share count Q3F22 Q2F23 Q3F23 Q/Q Y/Y Revenue $372.1 $173.0 $190.9 $17.9 ($181.2) Gross Margin 51.2% 48.6% 47.2% (140) bps (400) bps Operating Expenses $68.6 $71.5 $94.5 $23.0 $25.9 Operating Income $122.1 $12.6 ($4.5) ($17.1) ($126.
Slide 9: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Q3F23 Summary Items $Millions Q3F22 Q4F22 Q1F23 Q2F23 Q3F23 Accounts Receivable $350.0 $309.3 $200.3 $169.1 $198.1 Inventory $215.3 $185.0 $211.6 $224.2 $228.0 Accounts Payable $98.6 $67.3 $57.5 $54.9 $52.9 Net Cash* $471.7 $526.9 $574.6 $538.4 $515.0 Working Capital Days**
Slide 10: Outlook Q4F23
Outlook Q4F23 $200M Utilization & Demand Revenue +/- $20M Improvements in Ball $70.5M +/- 2% Non-GAAP Ongoing Execution on Growth Initiatives Operating Gross Expense Margin 48% Above Average Semi-Unit +/- 100 bps Growth Anticipated in C24 & C25 Non-GAAP $0.42 +/- 10% Diluted EPS* *Non-GAAP EPS assum
Slide 11: Earnings Review Q&A
Earnings Review Q&A For additional information investor.kns.com investor@kns.com 11
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations 12
Slide 13: WZ kulicke & Soffa,
WZ kulicke & Soffa,
Kulicke and Soffa Industries — Q3 2023 Earnings Presentation on 6ix