Kulicke And Soffa Industries, Inc. · NASDAQ:KLIC
Kulicke And Soffa Industries — Q2 2024 Earnings Presentation
13 slides from Kulicke And Soffa Industries's earnings presentation, May 2, 2024
Slide 1: Quarterly Earnings Review Q2F24
NASDAQ: KLIC Quarterly Earnings Review Q2F24 May 2, 2024 Ended March 30, 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 May 1, 2024. These statements are “forward-looking” statements within the meaning of the Private Securitie
Slide 3: Q2F24 Update: Remain Customer & Future Focused
Q2F24 Update Remain Customer & Future Focused Project W Customer-Focused Strategy Revenue $170.2M Remain committed to Customers’ success Non-GAAP Net Income $17.0M Delivered access to CPO, Chiplet, DRAM & Battery markets EPS $0.16 Efficiently Allocating Resources Non-GAAP EPS $0.30 Shifting developm
Slide 4: Q2F24 Revenue Composition
Q2F24 Revenue Composition Revenue per quarter 5Yr Avg = quarterly average of preceding five fiscal years By End Market As a percent of total revenue General Semi LED Auto & Memory APS Industrial $41 $25 $90 $10 $6 • General Semi anticipated seasonality; Power Semi softness; new HV systems being adop
Slide 5: Q2F24 Update: Solidifying Growth Platform for F25
Q2F24 Update Solidifying Growth Platform for F25 Assembly Complexity = K&S Value Add Building Foundation for 2025 – Qualification Milestones Anticipated in F24 Memory Advanced Dispense Thermocompression Vertical Wire Solution Gaining Traction High Potential Engagements in 4X Revenue Growth in 3 year
Slide 6: Q2F24 Financial Results
Q2F24 Financial Results $172.1M General Semi Improvements Revenue Up 0.5% Q/Q Offset by LED & Auto/Industrial $67.0M Down $2.4M Q/Q Non-GAAP Non-GAAP $105.5M of Project W Related Charges in Q2F24 Operating Operating Expense* Margin* (29.0)% Total Project W related charges, Non-GAAP including FQ3 & F
Slide 7: Income Statement
Income Statement Q2F24 Summary Items $Millions, except %, EPS, and share count Q4F23 Q1F24 Q2F24 Q/Q Y/Y Revenue $202.3 $171.2 $172.1 $0.9 ($30.2) Gross Margin 47.4% 46.7% 9.6% (3,710) bps (3,780) bps Operating Expenses $76.4 $78.2 $121.6 $43.4 $45.2 Operating Income $19.5 $1.7 ($105.2) ($106.9) ($1
Slide 8: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Q2F24 Summary Items $Millions Q2F23 Q3F23 Q4F23 Q1F24 Q2F24 Accounts & Other Receivable $169.1 $198.1 $158.6 $184.4 $194.8 Inventory $224.2 $228.0 $217.3 $236.6 $180.5 Accounts Payable $54.9 $52.9 $49.3 $58.7 $51.5 Net Cash* $538.4 $515.0 $577.9 $528.4 $469.0 Working Capita
Slide 9: Q3F24 Outlook: Ongoing Commitment to Efficiency
Q3F24 Outlook $180M Ongoing Commitment to Revenue +/- $10M Efficiency $72M +/- 2% Non-GAAP Preparing to Ramp Ball Bonder, as General Semi Continues Recovery Operating Gross Expense Margin 47% Anticipate Near-Term Milestones +/- 100 bps in Memory, Dispense & TCB Non-GAAP $0.30 +/- 10% Diluted EPS* *P
Slide 10: Earnings Review Q&A
Earnings Review Q&A For additional information investor.kns.com investor@kns.com 10
Slide 11: Non-GAAP Reconciliations
Non-GAAP Reconciliations 11
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations 12
Slide 13: WZ kulicke & Soffa,
WZ kulicke & Soffa,
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