Micro-mechanics (holdings) Ltd · SGX:5DD
Micro-mechanics (holdings) — H1 2025 Earnings Presentation
22 slides from Micro-mechanics (holdings)'s earnings presentation, Jan 25, 2025
Slide 1: 2QFY2025 and 1HFY2025 financial results presentation
Accelerating our > Journey to Excellence i 6 —= EEE Micro-Mechanics (Holdings) Ltd 2QFY2025 and 1HFY2025 financial results presentation 25 January 2025 ~~ MICRO-MECHANICS Ld
Slide 2: Table of Contents
Table of Contents 03 — Operational update 08 — Financial highlights 18 — Outlook & summary ~~ MICRO-MECHANICS Ld
Slide 3: Operational update
~ Operational update Micro-Mechanics’ facility in Manila, Philippines (MMPH)
Slide 4: Operational update
Operational update Progressing on our key focus areas from FY2024 <4] Achieved positive momentum from MMUS' | en | . = restructuring A + Uplift in core operating performance at MMUS with second consecutive quarter of profitability Progressed ‘Five-Star Factory’ initiative for sustainable success * C
Slide 5: Areas of focus for FY2025
Areas of focus for FY2025 Advancing the ‘Five-Star Factory’ initiative for sustainable success High-Performance Teams Fast, Effective Local Workplace Operational Excellence Support to Global Efficiency & Safety Customers IV Ge n Talent with the right skills in the right Strengthening the Group's Imp
Slide 6: Our factories
Our factories Aiming to become leading Next Generation Supplier of high precision tools and parts as MICRO-MECHANICS ye
Slide 7: Diversified customer base across semiconductor value chain
Diversified customer base across semiconductor value chain Supplying next-generation process critical parts to over 600 customers globally Semiconductor value chain WFE makers / buyers Consumable tools users / buyers Consumer electronics Thin film deposition Communications infrastructure Lithography
Slide 8: Financial highlights
Slide 9: 1HFY2025 highlights
1HFY2025 highlights Continued positive momentum in sales recovery Group revenue $$32.5m +10.8% yoy Cash and bank balances $$20.2m Net cash with no borrowings $$16.6m 30 Jun 2024 1 Return on equity on trailing 12 months NPAT. 7 <2 MICRO-MECHANICS w EBITDA & EBITDA margin $$11.2m 34.4% +17.2% yoy +1.9
Slide 10: Increased revenue across business segments
Increased revenue across business segments Orders rebounding in tandem with improved product mix +10.8% yoy Group revenue (S$m) +20.7% yoy 2QFY2025 +20.7% yoy (2QFY2024:8$13,5m) S $ 1 6 3 aa +0.3% qoq (1QFY2025: $$16.2m) * Rebound in orders particularly in WFE segment, with sales up by 66.6% yoy and
Slide 11: Geographical diversification of revenue
Geographical diversification of revenue Group’s decentralised structure supports resilience across markets 1HFY2024 1HFY2025 rea Rest of world Revenue from top four markets L 14% 16% Th 2QFY2024 2QFY2025 %change 1HFY2024 ‘1HFY2025 % change e Philippines China crina S$m s$m s$m s$m 6% 35% Philippines
Slide 12: Uplift in gross profit and EBITDA
Uplift in gross profit and EBITDA Greater cost efficiencies with improved operating leverage 1HFY2024 (S$, ‘000) 1HFY2025 (S$, ‘000) 178 age. 184 15,967 _178_ CS =1,403 3,095 3,318 9,541 11,185 ge ee oo ot J” oh o“ cS a ro oo 38 & + Decrease in other operating expense by 12.5% * Increase in distribu
Slide 13: Resilient gross profit margin
Resilient gross profit margin Supported by improved operating leverage and cost reduction measures GP & GP margin (S$m) Margin 48.8% 45.9% 47.5% 50.7% 47.5% 49.1% +15% +25% | *y 16.0 77 8.2 6.2 13.9 1QFY2024 2QFY2024 1HFY2024 1QFY2025 2QFY2025 1HFY2025 “~~ =o —— MICRO-MECHANICS ye EBITDA & EBITDA ma
Slide 14: Sustained generation of positive operating cash flow
Sustained generation of positive operating cash flow Testament to the robust and healthy working capital cycles Operating cash flow (S$m) 86 72 ” 73 63 64 6.2 6.0 5.6 5.5 50 44 45 38 44 4 4.0 3.6 34 32 3.0 2.0 1.6 10 | 0.0 1QFY2021 2QFY2021 3QFY2021 4QFY2021 1QFY2022 2QFY2022 3QFY2022 4QFY2022 1QFY2
Slide 15: Resilient financial position
Resilient financial position Anchored by disciplined cost and capital management Cash Gearing Trade receivables Inventory Net asset value Equity as MICRO-MECHANICS ye As of As of 2QFY2024 2QFY2025 Cash and bank balances $$15.0M Total borrowings NIL Trade Receivables $$10.0M (Outstanding > 90days) /
Slide 16: Commitment to long-term total shareholder returns (TSR)
Commitment to long-term total shareholder returns (TSR) Listing to date TSR of >3,000%' reflects Group’s sustainable and long-term growth trajectory Interim dividend 1HFY2025 Dividend payout ratio? 3.0 cents 69.2% sy Cumulative dividend per share 1 3 1 . 9 ce a ts since listing Notes: 1) Bloomberg;
Slide 17: Dividend history
FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 1H2025
Slide 18: Outlook & summary
: i ri n e Se FL AR PL (I) APRS
Slide 19: Encouraging sector performance and outlook
Encouraging sector performance and outlook The industry is in the advanced stages of rebalancing inventory and production Worldwide semiconductor revenue in US$ 800,000,000 700,000,000 600,000,000 500,000,000 a a a 253,322 288.3 400,000,000 i 246,225,342 257,8 697,000,000 300,000,000 207,983,417 200
Slide 20: Outlook for rest of FY2025
Outlook for rest of FY2025 Strengthening the foundations for sustained earnings recovery Target to be leading Next Generation Supplier of high precision tools and parts used in process- critical applications for the wafer-fabrication and assembly processes of the semiconductor industry (2 * Continue
Slide 21: Safe Harbour for Forward-Looking Statements
Safe Harbour for Forward-Looking Statements This presentation contains certain statements that are not statements of historical fact, i.e. forward-looking statements. Investors can identify some of these statements by forward-looking items such as ‘expect’, ‘believe’, ‘plan’, ‘intend’, ‘estimate’, ‘
Slide 22: Thank you
Thank you ia = ww For more information, please contact investor relations at micro-mechanics@teneo.com oo =——e—= MICRO-MECHANICS Ld
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