Kulicke And Soffa Industries, Inc. · NASDAQ:KLIC
Kulicke And Soffa Industries — Q4 2024 Earnings Presentation
16 slides from Kulicke And Soffa Industries's earnings presentation, Nov 14, 2024
Slide 1: Quarterly Earnings Review Q4F24
Kulicke & Soffa Nasdaq: KLIC Quarterly Earnings Review Q4F24 Ended Sep 28, 2024 November 14, 2024 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 November 14, 2024. These statements are “forward-looking” statements within the meaning of the Private Sec
Slide 3: Q4F24 Update: Continued Execution of Growth Initiatives
Q4F24 Update Continued Execution of Growth Initiatives Results & Commentary Delivering on Long-term Strategy • Ongoing Digestion in Core HV Market Advanced Packaging Progress Demonstrates • Expanding Share via Tech Transitions 1. Long-Term APTURATM Potential FTC, FluxlessThermoCompression, is a winn
Slide 4: Q4F24 Revenue Composition
Revenue per quarter Q4F24 Revenue Composition 5Yr Avg = quarterly average of preceding five fiscal years As a percent of total revenue By End Market General Semi Auto & Industrial LED Memory APS 180 60% 60 40% 60 20% 60 20% 60 30% 120 40 40 40 40 40 84 60 20 20 20 20 37 19 0 —% 0 —% 0 2 —% 0 —% 0 —%
Slide 5: Q4F24 Update: Stacking our Opportunities
Q4F24 Update Stacking our Opportunities In Summary... Demonstrating Leadership in New Areas Innovations, market-ready solutions, customer engagements Gaining Leading-Edge Market Share through FTC Transition Key IDM, Foundry & OSAT Customer Adoption; Consortium interest and support Advanced Packaging
Slide 6: Q4F24 Financial Results
Q4F24 Financial Results $181.3M Core Ball & Wedge demand Down 0.2% Q/Q have strengthened $75.2M Up $6.0M Q/Q Product mix supported 170bps sequential GM improvement 6.7% FX volatility & year end $0.34 accruals increased OpEx *Please see Non-GAAP Reconciliation 6
Slide 7: Income Statement
Income Statement Q4F24 Summary Items $Millions, except %, EPS, and share count Q4F23 Q3F24 Q4F24 Q/Q Y/Y Revenue $202.3 $181.7 $181.3 $(0.4) $(21.0) Gross Margin 47.4% 46.6% 48.3% 170 bps 90 bps Operating Expenses $76.4 $76.5 $85.0 $8.5 $8.6 Operating Income $19.5 $8.3 $2.7 $(5.6) $(16.8) Non-GAAP N
Slide 8: Balance Sheets & Cash Flow
Balance Sheets & Cash Flow Q4F24 Summary Items $Millions Q4F23 Q1F24 Q2F24 Q3F24 Q4F24 Accounts and other Receivable $158.6 $184.4 $194.8 $200.3 $193.9 Inventory $217.3 $236.6 $180.5 $175.6 $177.7 Accounts Payable $49.3 $58.7 $51.5 $52.1 $58.8 Net Cash* $577.9 $528.4 $469.0 $435.9 $393.4 Working Cap
Slide 9: Outlook Q1F25
Outlook Q1F25 $165M Supporting customers through +/- $10M multiple technology transitions $70.5M +/- 2% Coordinated GS & Auto expansion expected in F25 47% +/- 100 bps New share repurchase program Fifth annual dividend raise $0.28 +/- 10% *Please see Non-GAAP Reconciliation for composition of Non-GA
Slide 10: Earnings Review Q&A
Earnings Review Q&A For additional information investor.kns.com investor@kns.com
Slide 11: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP to Non-GAAP Income from Operations and Operating Margin (In thousands, except percentages) (Unaudited) Three months ended September 28, September 30, June 29, 2024 2023 2024 Net revenue $ 181,319 $ 202,320 $ 181,650 U.S. GAAP income from operation
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share (In thousands, except percentages and per share data) (Unaudited) Twelve months ended Three months ended September 28, Se
Slide 13: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income and Non-GAAP Net Margin and U.S. GAAP net income per share to Non-GAAP net income per share (In thousands, except percentages and per share data) (Unaudited) Twelve months ended Three months ended September 28, 20
Slide 14: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP Cash provided by Operating Activities to Non-GAAP Adjusted Free Cash Flow (In thousands, except percentages) (unaudited) Twelve months ended Three months ended September 28, September 28, September 30, June 29, 2024 2024 2023 2024 U.S. GAAP net ca
Slide 15: Non-GAAP Reconciliations
Non-GAAP Reconciliations Reconciliation of U.S. GAAP to Non-GAAP Outlook (In millions, except per share data) (Unaudited) First quarter of fiscal 2025 ending December 28, 2024 GAAP Outlook Adjustments Non-GAAP Outlook $165 million $165 million Net revenue — +/- $10 million +/- $10 million $4.0 milli
Slide 16: Kulicke & Soffa
WZ kulicke & Soffa.
Kulicke and Soffa Industries — Q4 2024 Earnings Presentation on 6ix