Slide 1: AEM Investor Update 3Q2024
AEM Investor Update 3Q2024 AEM | 3 Q20 2 4 I nves tor Upda te
Slide 2: Disclaimer
Disclaimer This is a presentation of general information relating of financing. Accordingly, such statements are not and to the current activities of AEM Holdings Ltd. (“AEM”). should not be construed as a representation as to the It is given in summary form and does not purport to future of AEM, an
Slide 3: AEM Corporate Profile
AEM Corporate Profile AEM is a global leader in application-specific test and handling solutions for semiconductor and electronics companies serving the Compute and Advanced Packaging markets Pioneer in Automated Full-Stack Global Footprint System Level Test TTM Revenue Listed on SGX Test Capability
Slide 4: 3Q2024 Highlights
3Q2024 Highlights Delivered profitability improvement, and increases 2H2024 guidance to between S$190M to S$210M Revenue • The Group reported revenue of S$74.2M in 3Q2024, while Profit Before Tax, excluding exceptional items, came in at S$0.9M for the period S$74.2M -6.5% vs 2Q2024 • Increase 2H gui
Slide 5: Revenue Mix
Revenue Mix TCS revenue was down 16.6% quarter-on-quarter, while Contract Manufacturing grew 5.3% quarter-on-quarter Total Revenue Mix (S$M) Test Cell Solutions Revenue Mix (S$M) 41.6 79.4 74.2 34.7 18.3 44% 35.8 45% 9.5 27% 37.7 51% 2.0 3% 11.0 32% 1.8 2% 17.9 43% 41.6 52% 34.7 47% 14.2 41% 5.4 13%
Slide 6: 3Q2024 Key Financial Highlights
3Q2024 Key Financial Highlights As at Sep’24 Jun’24 QoQ • Cash usage to support new product ramp up S$M S$M % Cash 47.1 79.0 (40.4) • Total equity S$473.9 million, down 0.9% from June Inventories 334.1 327.8 1.9 • NAV per share declined marginally to 149 cents, Trade and other receivables 71.6 67.1
Slide 7: 4-Point Strategy to Drive Growth & Shareholder Value
4-Point Strategy to Drive Growth & Shareholder Value Revenue growth from customer & market segment diversification Continue to invest and retain Test 2.0 leadership Achieve operational excellence Talent and culture to consistently deliver results AEM | 3 Q20 2 4 I nves tor Upda te 7
Slide 8: AEM's capabilities enables it to address much of the US$8B test market
AEM’s capabilities enables it to address much of the US$8B test market Total Semiconductor Manufacturing Equipment Market (2023) - US$120B Test: Front End: Assembly: US$107B US$8.4B US$4B (7% CAGR) Test Instrument Probers / Handlers Consumables (US$5.7B) (US$2.7B) (US$3.7B) Wafer Test Final Test Bur
Slide 9: AEM is poised for growth with the market driven by AI & advanced packaging
AEM is poised for growth with the market driven by AI & advanced packaging AI chips demand more power, and with power comes thermal challenges and exceptionally longer test times AI Semiconductor Market, Chiplet / Advanced Packaging 2023-2027 (US$B) 140 Secular Growth Drivers 119.4 120 100 HBM 80 So
Slide 10: Thermal technology is the critical test enabler for AI & advanced packaging
Thermal technology is the critical test enabler for AI & advanced packaging AEM’s PiXLTM Thermal Engine delivers unmatched capabilities resulting in a significantly lower cost of test for customers Advanced Packaging Increases Thermal Increasing Power Requirements & Package Size Gradient During Test
Slide 11: Broad product portfolio to test ICs from Engineering to Production
Broad product portfolio to test ICs from Engineering to Production Engineering Test Systems Test Consumables & Collaterals Configurable Test Thermal Head Sockets Unit High-Throughput Production Test Solutions MEMS / Cryogenic Wafer Probe Automated Burn-In Final Test Handlers System Level Test Soluti
Slide 12: Investment Highlights
Investment Highlights 4-Point Strategy To Drive Growth and Shareholder Value • Serving a large and high-growth Advanced Package burn-in and system level test market Revenue growth Continue to invest from customer & • Emerging growth and customer diversification in Test and retain Test 2.0 market seg
Slide 13: Thank You
Thank You Investor Relations Contact Samir MOWLA samir.mowla@aem.com.sg Financial PR Pte Ltd Kamal SAMUEL / Shivam SARAF Tel: 6438 2990 / Fax: 6438 0064 kamal@financialpr.com.sg shivam@financialpr.com.sg AEM | 3 Q20 2 4 I nves tor Upda te