AEM Holdings Ltd. · SGX:AWX
AEM — Shareholder Meeting (April 2021)
31 slides from AEM's shareholder meeting presentation, Apr 30, 2021
Slide 1: Presentation to Shareholders
Presentation to Shareholders AEM Holdings Ltd | AGM 30 April 2021
Slide 2: Disclaimer
Disclaimer This is a presentation of general information relating to projections of future performance and should not be the current activities of AEM Holdings Ltd (“AEM”). It is regarded as such. given in summary form and does not purport to be No reliance should therefore be placed on these comple
Slide 3: Agenda
Agenda • Recap of FY2020 • State of Our Business - Expanding Our Horizons • 2020 Financial Review • Resolution Results A E M | C O N F I D E N T I A L 3
Slide 4: Recap of FY2020
Recap of FY2020 A E M | C O N F I D E N T I A L
Slide 5: A Year Unlike Any Other
FY2020 A Year Unlike Any Other 2020 was a year of unprecedented challenges. We are proud of our employees and their innovative response to this crisis Employee Wellbeing Innovative Solutions Unable to travel, we leveraged innovative technologies to enable remote deployment of our solutions Video con
Slide 6: COVID-19 Response
FY2020 COVID-19 Response We are humbled by our customers’ trust in us and our employees unrelenting efforts during this challenging Our global time manufacturing & service operations strategy was put to the test and passed AEM was recognized by our with flying colors key customer, Intel, for extraor
Slide 7: A Record Breaking Year
FY2020 A Record Breaking Year S$519.0m S$113.8m S$134.8m REVENUE PROFIT BEFORE TAX CASH BALANCE FY20: S$519.0m FY20: S$113.8m FY20: S$134.8m A E M | C O N F I D E N T I A L 7
Slide 8: Bolstered Organization via Key Leadership & Workforce Hires
FY2020 Bolstered Organization via Key Leadership & Workforce Hires World-wide organization grew headcount by >25%, focused in areas of R&D. Leadership succession plan was executed seamlessly. Not Pictured: Mark Yaeger, Ari Kuukkala A E M | C O N F I D E N T I A L 8
Slide 9: Organizational Growth via M&A
FY2020 Organizational Growth via M&A We closed 3 key acquisitions that enhanced our test, change kit, and thermal array capabilities Closed: Mar. 16, 2020 Closed: Jul. 22, 2020 Closed: Dec. 6, 2020 Total Consideration: €7.525m Total Consideration: US$3.3m Total Consideration: US$15.2m Provides AEM w
Slide 10: Organizational Growth via M&A
FY2020 Organizational Growth via M&A In early 2021, we closed our acquisition of CEI and our investment into ATECO Inc. Closed: April 26, 2021 Invested: March 18, 2021 Provides AEM with enhanced Total Consideration: US$3.8m delivery capabilities via PCBA Provides AEM with access to the South Korean
Slide 11: Delivering Exceptional Share Performance
FY2020 Delivering Exceptional Share Performance January 2020 December 2020 S$2.09 S$564m S$3.45 S$951m Share Price Market Cap Share Price Market Cap Relative Price Performance Dec 2016 - Apr 2021 3,200 Price Rebased to 100 (Log Scale) 1,600 800 400 200 100 50 2016 2017 2018 2019 2020 STI AEM A E M |
Slide 12: 2020 Awards
FY2020 2020 Awards INTEL SUPPLIER ACHIEVEMENT AWARD CATEGORY: COVID-19 RESPONSE A E M | C O N F I D E N T I A L 12
Slide 13: State of Our Business - Expanding Our Horizons
State of Our Business - Expanding Our Horizons A E M | C O N F I D E N T I A L
Slide 14: Semi's Inflection Point
2021 and Beyond Semi’s Inflection Point 2.0 A&T 2026 COVID-19 has accelerated Assembly & Test 2.0 A new paradigm global digitalization by 7 years Blurring the line between will emerge in Source: McKinsey & Company front & backend 5 years 2.0 SEMI 2.0 Geopolitical reality has Advanced devices require
Slide 15: AEM's Mission & Vision
2021 and Beyond AEM’S Mission & Vision Vision A Zero Failure World Mission Our mission is to provide the most comprehensive semiconductor and electronics test solutions based on the best-in-class technologies, processes, and customer support. Testing Innovation A E M | C O N F I D E N T I A L 15
Slide 16: 2021 and Beyond AEM 2.0
2021 and Beyond AEM 2.0 With the current geopolitical AEM has focused its situation, AEM is headquartered transformation to enable the in the right place – Singapore – rapid, cost-effective delivery of with centers of excellence and customizable test solutions to manufacturing spread across assure t
Slide 17: Expanding Horizons
2021 and Beyond Expanding Horizons TECHNOLOGY DELIVERY Change Kit Design & Build Leading Thermal Arrays & Consumables PCBA & Box Build Memory Handling Instrumentation Technology A E M | C O N F I D E N T I A L 17
Slide 18: Expanding Horizons: Handlers, Consumables, Testers
2021 and Beyond Expanding Horizons HANDLERS CONSUMABLES TESTERS Wafer, Packaged, MEMS, Thermal Arrays, Kits, Semiconductors & Module, & System Level Sockets Interconnects Test MEMS Kits Handlers Low Cost ATE Thermal Arrays Test Cell High Speed Automation Link Tester Handlers & Probers Thermal Arrays
Slide 19: Expanding Our Reach
2021 and Beyond Expanding Our Reach Expanded footprint Engaged with 10 out of to include offices in the top 20 semiconductor Shanghai, Hsinchu, companies across San Jose, and automotive, mobility, memory, and high- San Diego performance computing Engaged in joint development effort with OSATs for ap
Slide 20: Financial Results
FY2020 Financial Results A E M | C O N F I D E N T I A L 20
Slide 21: Shareholder Returns
FY2020 Increase in Market Cap (S$M) Financial Results Shareholder Returns Share Price S$4.18 Relative Price Performance 1,177 Dec 2016 - Apr 2021 Share Price S$0.1433* 3,200 40 Price Rebased to 100 (Log Scale) 1,600 2016 Apr 2021 800 Issued Shares ('000) 31-Dec-20 29-Apr-21 400 Pre-dilutive sharehol
Slide 22: Financial Results Highlights
FY2020 Financial Financial Results Highlights S$'M Revenue S$'M PBT +79% SGD Cents EPS 600 120 Y/Y +61% 40 +81% Y/Y Y/Y 500 100 35 30 400 80 +23% +60% 25 Y/Y Y/Y +59% +18% Y/Y 300 60 20 +216% Y/Y 113.8 Y/Y 519.0 +525% +7% 35.1 Y/Y +572% +1% Y/Y 15 Y/Y Y/Y 200 40 323.1 63.7 10 +50% 262.3 19.4 100 Y/Y
Slide 23: Best Results on Records
FY2020 Best Results Financial Results on Records FY2020 is our highest revenue year on record with S$’M S$’M PBT% S$519.0m in revenue, 600 Revenue Profit Before Tax 140 25% S$113.8m in PBT, and 519.0 21.9% a cash balance of 500 120 19.7% 20% S$134.8m 400 100 15.2% 323.1 295.0 (57%) 15% Proposed fina
Slide 24: Robust Financial Position
FY2020 Robust Financial Position Financial Results As at ✓ Intangible Assets (+29.7m) Dec 2020 Dec 2019 Increased mainly due to goodwill on acquisition of Mu-TEST (March S$’M S$’M 2020), DB Design Group, Inc (July 2020), and Lattice Innovation, Inc Property, plant, and equipment 8.1 6.4 (December 20
Slide 25: Strong Balance Sheet and Growth In Total Assets
FY2020 Strong Balance Sheet and Financial Results Growth In Total Assets Total Assets (S$M) Net Asset Value Per Ordinary Share (Cents) 336 77 228 50 136 33 FY18 FY19 FY20 FY18 FY19 FY20 Strong growth in Total Assets due to improved cash Improved Net Asset Value per Ordinary Share from position and i
Slide 26: We Strengthen Our Financial Position With Growth In Operating Cashflow
FY2020 We Strengthen Our Financial Position Financial Results With Growth In Operating Cashflow FY 2020 Sources and Applications of Funds S$M FY2018 FY2019 FY2020 Beginning Cash 46.1 58.9 107.7 Ending Cash Balance on Hand PAT 33.5 52.8 97.6 140 Depreciation & Amortization 1.9 6.1 8.4 Working capital
Slide 27: Generated S$86.3M cash from operating activities in FY2020
FY2020 Generated S$86.3M cash from Financial Results operating activities in FY2020 S$’M CUMULATIVE CAPITAL Cash generated from ALLOCATION BREAKDOWN 2018 - 2020 operating activities 100 Capex Buybacks 80 14% 6% 60 86.3 40 67.7 20 Acquisitions* Dividends 34.1 36% 44% 0 2018 2019 2020 S$'M 2018 2019 2
Slide 28: Thank you
Thank you Investor Relations Contact: Financial PR Pte Ltd Romil SINGH / Robin MOH Tel: 6438 2990 / Fax: 6438 0064 E-mail: romil@financialpr.com.sg robin@financialpr.com.sg A E M | C O N F I D E N T I A L
Slide 29: Resolutions & Results
Resolutions & Results A E M | C O N F I D E N T I A L
Slide 30: Resolutions And Results
Resolutions And Results No Resolution For Against Result 1 Directors’ Statement and Audited Financial Statements. 99.5% 0.5% PASSED 2 Declare a final dividend of 4.0 cents per ordinary share. 100.0% 0.0% PASSED 3 Re-elect the following Director: Mr. Loke Wai San. 68.8% 31.2% PASSED 4 Re-elect the fo
Slide 31: Thank you
Thank you Investor Relations Contact: Financial PR Pte Ltd Romil SINGH / Robin MOH Tel: 6438 2990 / Fax: 6438 0064 E-mail: romil@financialpr.com.sg robin@financialpr.com.sg A E M | C O N F I D E N T I A L