Slide 1: Supplemental Investor Presentation: Earnings Release – Fourth Quarter 2018
Supplemental Investor Presentation Earnings Release – Fourth Quarter 2018 March 7, 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Information presented below under “2019 Revenue Expectation” with respect to revenue to be generated in the 2019 is a forward-looking statement for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may vary sign
Slide 3: Q4 and 2018 Operating Highlights
Q4 and 2018 Operating Highlights • Solid results despite industry challenges • 2018 Financial Highlights ➢$74.6 million revenue, up 104% from 2017 ➢13.2% non-GAAP operating margin ➢$27.1 million cash balance at December 31, 2018 • Total shipments of $95 million in 2018 ➢$32 million for Q4 2018 • Key
Slide 4: ACM History of Innovation & Customer Adoption
ACM History of Innovation & Customer Adoption ACM Founded SK Hynix Major YMTC, SMIC, TEBO Demo unit R&D Facility 2nd Factory in Silicon Evaluation SAPS orders and HLMC place to HLMC; Established in Expands Valley Begins from SK Hynix SAPS Orders Revenue in 4Q17 Korea Capacity 1998 2006 2009 2011 201
Slide 5: ACM Research Single-Wafer Wet-Cleaning Products
ACM Research Single-Wafer Wet-Cleaning Products SAPS TEBO Ultra – C Tahoe Megasonic Cleaning for Disruptive Solution for Hybrid Wafer Cleaning With Significant 2D Structures 3D Patterned Wafer Surface Cost & Environmental Benefits 5
Slide 6: Our Product Expansion Vision
Our Product Expansion Vision Future Products Addressable Tahoe Market Batch/Single TEBO 3D Patterned Wafer SAPS 2D Flat Wafer & Wafer Level Packaging World-class R&D team focused on innovation 2015 2020 2025 Time ACM estimates that its SAPS, TEBO, and Tahoe addresses more than 50% of the single-wafe
Slide 7: New Factory Ramps Production
New Factory Ramps Production • New factory added 50,000 square feet of production capacity to 36,000 square feet at existing facility • Production initiated at new factory in Q3 2018, expanded in Q4 2018 and expected to ramp during 2019 10-mile drive from First phase of capital expenditures 40% of P
Slide 8: 2018 Financial Results
2018 Financial Results $ in millions Revenue Non-GAAP Gross Profit +104% +100% Non-GAAP Operating Profit Balance Sheet Data +323% * Finished goods inventory consists of shipments in transit and first-tools delivered to customers for evaluation. These products are carried at cost until ownership is t
Slide 9: Outlook
Outlook • 2019 revenue of approximately $100 million ➢+34% growth ➢Represents strong demand from existing customers 9
Slide 10: ACM Investment Summary
ACM Investment Summary Advanced Wet-Cleaning Tools for Leading Edge IC Fabs 1 Growing Share of ~$3B Wet-Cleaning TAM 2 China Operations Near Major New Fabs 3 World-class DRAM, NAND, Foundry and Logic Customers 4 Capacity Expanded with Second Factory 10