Acm Research, Inc. · NASDAQ:ACMR
Acm Research — Q4 2019 Earnings Presentation
12 slides from Acm Research's earnings presentation, Mar 19, 2020
Slide 1: Supplemental Investor Presentation: Earnings Release – Fourth Quarter 2019
Supplemental Investor Presentation Earnings Release – Fourth Quarter 2019 March 19, 2020
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Information presented below under “2020 Outlook” with respect to revenue projected to be generated in 2020 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 significan
Slide 3: Q4 and 2019 Operating Highlights
Q4 and 2019 Operating Highlights • 2019 Financial Highlights ➢$107.5 million revenue, up 44% from 2018 ➢47.1% GAAP gross margin and 16.5% GAAP operating margin ➢47.3% non-GAAP gross margin and 19.9% non-GAAP operating margin ➢$9.4 million cash flow from operations • Total shipments of $115 million i
Slide 4: Single-Wafer Wet Cleaning Products
Single-Wafer Wet Cleaning Products Innovative, patent-protected tools address critical challenges in leading-edge IC manufacturing SAPS TEBO Ultra – C Tahoe Megasonic Cleaning for Bubble Oscillation Cleaning for Hybrid Wafer Cleaning With Significant Flat and Patterned Wafer Patterned Wafers at Adva
Slide 5: New Electrochemical Plating Products Significantly Increase TAM
New Electrochemical Plating Products Significantly Increase TAM Delivers significant benefits to customers, including greater performance, increased flexibility and improved cycle times Ultra ECP ap Ultra ECP map Advanced Wafer Level Packaging Multi Anode Partial Plating (Back-end Assembly Tool) (Fr
Slide 6: New SFP Product Significantly Reduces Cost of Consumables (CoC) for Customers
New SFP Product Significantly Reduces Cost of Consumables (CoC) for Customers Delivers significant benefits to customers, including greater performance, increased flexibility and lower CoC Ultra SFP ap Advanced Wafer Level Packaging (Back-end Assembly Tool) ✓ Back-end assembly tool used for polishin
Slide 7: Shanghai Manufacturing Facilities
Shanghai Manufacturing Facilities Factory #1 (Shanghai HQ) Shanghai Locations Facility #2 Factory #1 Factory #2 Facilities located just 10 miles apart • Original ACM factory • Second factory; opened in September 2018 • 36,000 sq. ft. facility • 50,000 sq. ft. facility • 8,000 sq. ft. of class 10,000
Slide 8: 2020 Outlook
2020 Outlook • Q1 revenue and shipments have been impacted by COVID-19 • Estimated 2020 revenue in the range of $130 million to $150 million ➢30% y/y growth at the mid-point ➢Outlook assumes the COVID-19 situation continues to improve in China, and stabilizes in the coming months on a global basis 8
Slide 9: 2019 Financial Results
2019 Financial Results $ Millions, non-GAAP gross profit and operating profit Revenue Gross Profit $107.5 $50.7 $50.9 +44% +47% +47% $74.6 $34.4 $34.5 47.3% 47.1% 46.2% 46.2% Gross Profit Non-GAAP Gross Profit 2018 2019 2018 2019 Operating Profit Balance Sheet Data* $58.3 $21.4 $47.3 $17.8 +117% +17
Slide 10: Q4'19 Financial Results
Q4’19 Financial Results $ Millions, non-GAAP gross profit and operating profit Revenue Gross Profit $24.6 $12.4 $12.5 +21% +21% $10.3 $10.3 +18% 50.7% $20.8 50.6% 49.6% 49.5% Gross Profit Non-GAAP Gross Profit Q4'18 Q4'19 Q4'18 Q4'19 Operating Profit Balance Sheet Data* $58.3 $4.5 +39% $47.3 $3.8 +4
Slide 11: 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 12: Investment Highlights
Investment Highlights Gaining share in the ~$3B wafer cleaning market (1) Innovative, patent-protected tools address critical challenges in leading-edge IC manufacturing Tier 1 global customer base in DRAM, NAND and foundry / logic New product introductions have more than doubled SAM China-based pro