Slide 1: Q4 2024 Results Presentation
Q4 2024 Results Presentation 26th February 2025
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided for These forward-looking statements reflect the Company’s current informational purpose only and should not be relied upon for the expectations, beliefs, hopes, intentions or strategies regarding the purpose of making any investm
Slide 3: Agenda
Agenda 01 │ Key Highlights 02 │ Financial Performance 03 │ Outlook & Q1 2025 Revenue Guidance 04 │ Q&A 3
Slide 4: Key Highlights
Key Highlights Private and confidential
Slide 5: Advanced Packaging: Unlocking Significant Growth Potential
Advanced Packaging Unlocking Significant Growth Potential Advanced Packaging Total Addressable Market ~30% (US$’B) FY24-29F @ CAGR 18% FY 2024 Group Revenue US$1,695M 1.8 4.0 Mainstream 2024 2029F ~70% Electro- Physical Chemical Mass Transfer & Multi-Chip Thermo SMT SMT Laser Wafer / Panel Hybrid Va
Slide 6: Advanced Packaging: CoWoS
Advanced Packaging: CoWoS Clear Leader For CoWoS Packaging Solutions • Comprehensive solutions across MR, TCB and HB tools • Deep involvement with multiple key customers across Logic and HBM • Unparalleled technology capabilities Interconnect Process Format (# of bonds per package) Tools Status Cust
Slide 7: Advanced Packaging: TCB
Advanced Packaging: TCB TAM ~ US$1 Billion by 2027: Significant Growth Opportunity TCB TAM TCB Total Addressable Market (US$M) • Rapid CAGR expansion (2024-2027 CAGR > 45%) • Supported by accelerated AI adoption 1000 • Driven by both Logic and HBM ASMPT Opportunities • Current market leader with rec
Slide 8: Photonics and CPO
Photonics and CPO Leading Market Share with Strong Order Momentum Solutions for Various Bandwidths in Photonics & CPO Photonics Top View Side View Speed • Market Leader • Best-in-class placement accuracy < 3µm Logic Pluggable module • Highest throughput in industry due to Pluggable 100 / Transceiver
Slide 9: Automotive
Automotive Highest Revenue Contribution By End Market Automotive Total Addressable Market Comprehensive Range of Automotive Solutions ~20% (US$’B) Automotive CIS Solutions FY24-29F @ CAGR 11% FY 2024 Laser Singulation & Silver LED / Advanced Group Revenue Sintering Solutions Display Solutions US$1,6
Slide 10: Financial Performance
Financial Performance Private and confidential
Slide 11: FY 2024 Key Financials
FY 2024 Key Financials Revenue Bookings Backlog US$1,695M US$1,634M US$779M (-10.0% YoY)1 (+4.0% YoY)1 (-8.5% YoY)1 Gross Margin Operating Profit 40.0% HK$558M (+70 bps YoY) (-49.4% YoY) Adjusted Net Profit 2 Adjusted EPS 2 DPS (including Special Dividend) HK$426M HK$1.04 HK$0.67 (-42.8% YoY) (-42.9
Slide 12: Q4 2024 Key Financials
Q4 2024 Key Financials Revenue Bookings Backlog US$438M US$419M US$779M (Flat YoY)1 (+19.2% YoY)1 (-8.5% YoY)1 (+1.8% QoQ)1 (+2.8% QoQ)1 (-3.3% QoQ)1 Gross Margin Operating Profit 37.2% HK$5M (-508 bps YoY) (-97.3% YoY) (-379 bps QoQ) (-97.1% QoQ) Adjusted Net Profit 2 Adjusted EPS 2 HK$82M HK$0.20
Slide 13: Q4 2024 Group Financial Results
Q4 2024 Group Financial Results 435 429 419 438 406 350 Revenue US$’M • Above mid point of guidance • SEMI increased; SMT declined Q4 2023 Q3 2024 Q4 2024 Bookings Revenue Bookings • Strong YoY growth due to SEMI Gross Margin 42.3% 41.0% 37.2% • Book-to-bill at 0.96; improved YoY & QoQ Operating Pro
Slide 14: Q4 2024 Semiconductor Solutions Segment Performance
Q4 2024 Semiconductor Solutions Segment Performance 277 254 238 229 Revenue 204 • IC/Discrete: Increased QoQ, mainly driven by AP 159 • Optoelectronics: Declined QoQ due to weakness in US$’M advanced displays • CIS: Flat QoQ due to seasonality Q4 2023 Q3 2024 Q4 2024 Bookings Revenue Bookings • Incr
Slide 15: Q4 2024 SMT Solutions Segment Performance
Q4 2024 SMT Solutions Segment Performance 232 191 199 183 168 US$’M 142 Revenue & Bookings Q4 2023 Q3 2024 Q4 2024 • Declined due to ongoing softness in SMT’s market especially Automotive and Industrial Bookings Revenue Gross Margin 41.0% 32.3% 29.7% Gross margin • Declined due to product mix & volu
Slide 16: Key End-Market Applications
Key End-Market Applications Serving Broad-based End-Market Applications* Automotive Consumer Communication Computer Industrial Others Visual Sensors TV Mobile Phones Personal Computers EV Charging Medical Devices Infotainment Wearables Wired Infrastructure Servers Smart Factories Aerospace LIDAR Sen
Slide 17: Key Partner to Global Customers
Key Partner to Global Customers Group Revenue Contribution by Geography 2023 2024 40% 38% 31% 28% 30% 19% 18% 20% 16% 10% 8% 6% 6% 6% 5% 4% 3% 3% 2% 2% 2% 1% 1% 1% 0% China Europe Americas Taiwan Malaysia Korea Japan India Vietnam Others 17
Slide 18: Shareholder Returns
Shareholder Returns Dividend Payout (%) FY23 FY24 (incl. Special (incl. Special FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Dividend) Dividend) 61% 53% 59% 53% 36% 49% 132% 68% 51% 50% 80% 81% Dividend Per Share (HK$) 2.60 1.90 1.40 1.30 0.70 2.00 1.30 1.10 0.40 0.52 1.30 1.30 1.30 1.30 0.26 0
Slide 19: Outlook & Q1 2025 Revenue Guidance
Outlook & Q1 2025 Revenue Guidance Private and confidential
Slide 20: Outlook & Q1 2025 Revenue Guidance
Outlook & Q1 2025 Revenue Guidance Outlook • Strong TCB momentum from AI and HPC applications, cementing market leadership • AP revenue to grow and form greater proportion of Group revenue • Ongoing weakness in mainstream markets in near-term Q1 2025 Revenue Guidance US$370m to US$430m (Flat YoY and
Slide 21: Q&A
Q&A Private and confidential
Slide 22: Thank You!
Thank You! For enquiries, please contact: Mr. Leonard Lee / leonard.lee@asmpt.com asmpt.com Private and confidential
Slide 23: Appendix
Appendix Private and confidential
Slide 24: Reconciliation to Non-HKFRS Measures
Reconciliation to Non-HKFRS Measures The below tables highlighted the reconciliations of the Group’s financial measures prepared in accordance with Hong Kong Financial Reporting Standards (“HKFRS”) for Q4 2024, Q3 2024 and Q4 2023 to the non-HKFRS measures: Q4 2024 Q3 2024 Q4 2023 Non-HKFRS adjustme
Slide 25: Reconciliation to Non-HKFRS Measures
Reconciliation to Non-HKFRS Measures The below tables highlighted the reconciliations of the Group’s financial measures prepared in accordance with Hong Kong Financial Reporting Standards (“HKFRS”) for FY 2024 and FY 2023 to the non-HKFRS measures: FY 2024 FY 2023 Non-HKFRS adjustments Non-HKFRS adj