Slide 1: Earnings Release – Fourth Quarter and Fiscal Year 2021
Supplemental Investor Presentation Earnings Release – Fourth Quarter and Fiscal Year 2021 February 25, 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Information presented below under “FY21 and Q4’2021 Highlights” with respect to the demand for ACM’s tools, target growth, expectations regarding changes in ACM’s addressable market, target 2022 run rate, under “Internal Longer-term Working Target of $1B” with respect to
Slide 3: FY21 and Q4'21 Highlights
FY21 and Q4’21 Highlights 2021 Financial Highlights • $260 million revenue (up 66%); $372 million shipments (up 104%) • $372 million total shipments vs. $182 million in 2020 • $114.9 million GAAP Gross Profit (44.2% of revenue) • $115.3 million non-GAAP Gross Profit (44.4% of revenue) • $38.7 millio
Slide 4: 2021 Revenue Details
2021 Revenue Details Product Category1,2,3 Cleaning • $189.2M revenue (up 44%) +66% $259.8M • Revenue mix 73% vs. 84% last year 14.4% Advanced Packaging & Other 12.8% ECP, Furnace & Other ECP, Furnace & Other +46% • $33.2M revenue (up 149%) $156.6M 7.7% • Revenue mix 13% vs. 9% last year 8.5% $107.5
Slide 5: 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 6: Shanghai Manufacturing Facilities
Shanghai Manufacturing Facilities Factory #1 (Shanghai HQ) Factory #2 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 production facilities in Lingang region of • 36,000 sq.
Slide 7: Innovative Product Introductions Expanding SAM
Innovative Product Introductions Expanding SAM1 Double Estimated SAM of $8 2 New 2022 Product Current billion addressed by Categories SAM ACM’s current and near-term product portfolio 2020: Furnace, ACM targets to double LPCVD, Vacuum Anneal, High- Furnace | $2.9B its SAM with the Temperature Oxidat
Slide 8: Internal Longer-term Working Target of $1B
Internal Longer-term Working Target of $1B Advanced Packaging & Other >$1,000M ECP, Furnace & Other Longer-term Target Assumptions1 Cleaning ACM Mainland China SAM Share Revenue Cleaning $0.9B 50% $0.5B ECP $0.3B 50% $0.2B Furnace $0.8B 30% $0.2B $385M Ad. Packaging $0.1B Midpoint New Products >$2B
Slide 9: 2022 Outlook
2022 Outlook • Estimated 2022 revenue guidance of $365 to $405 million • Projected 48% year-over-year growth at the mid-point • Outlook assumes: • Stability with respect to global COVID-19 pandemic • Stability in U.S.-China trade policies • Various spending scenarios for production ramp of key custo
Slide 10: 2021 Financial Results
2021 Financial Results Revenue Non-GAAP Gross Profit +66% $259.8M +65% $115.3M $156.6M $69.8M 43.8% 44.5% 2020 2021 2020 2021 Non-GAAP EPS Balance Sheet Data1 $563M +73% $1.94 Finished goods inventory Ending cash $1.12 $72M $79M $82M $32M $47M $64M $70M $65M $92M Q4’20 Q1’21 Q2’21 Q3’21 Q4’21 1 Fini
Slide 11: Q4 2021 Financial Results
Q4 2021 Financial Results Revenue Non-GAAP Gross Profit +109% $95.1M +132% $45.6M $45.6M $19.7M 46.0% 43.3% Q4’20 Q4’21 Q4’20 Q4’21 Non-GAAP EPS Balance Sheet Data1 $563M $0.81 Finished goods inventory +179% Ending cash $72M $79M $82M $0.29 $64M $70M $65M $92M $32M $47M Q4’20 Q1’21 Q2’21 Q3’21 Q4’21
Slide 12: 2021 GAAP to Non-GAAP Reconciliation (1)
2021 GAAP to Non-GAAP Reconciliation (1) Year Ended December 31, 2021 2020 Actual Other non- Adjusted Actual Other non- Adjusted SBC operating (Non- SBC operating (Non- (GAAP) adjustments (GAAP) adjustments GAAP) GAAP) (In thousands, except EPS) Revenue $ 259,751 $ - $ - $ 259,751 $ 156,624 $ - $ -
Slide 13: Q4 2021 GAAP to Non-GAAP Reconciliation (2)
Q4 2021 GAAP to Non-GAAP Reconciliation (2) Three Months Ended December 31, 2021 2020 Actual Other non- Adjusted Actual Other non- Adjusted SBC operating (Non- SBC operating (Non- (GAAP) adjustments (GAAP) adjustments GAAP) GAAP) (In thousands, except EPS) Revenue $ 95,142 $ - $ - $ 95,142 $ 45,562