Kulicke And Soffa Industries, Inc. · NASDAQ:KLIC
Kulicke And Soffa Industries — Q4 2023 Earnings Presentation
13 slides from Kulicke And Soffa Industries's earnings presentation, Nov 16, 2023
Slide 1: Quarterly Earnings Review Q4F23
NASDAQ: KLIC Quarterly Earnings Review Q4F23 November 16, 2023 Ended September 30, 2023 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 Nov 15, 2023. These statements are “forward-looking” statements within the meaning of the Private Securiti
Slide 3: Q4F23 Update: Multiple Growth Initiatives in Parallel
Q4F23 Update Multiple Growth Initiatives in Parallel Site Update Market Update Haifa Site Remains Operational Sequentially Improved 2H24 Expectations Development & Production General Semiconductor K&S Specific: Battery Aftermarket Products & Solutions LED - General Lighting Opportunity, Co-Packaged
Slide 4: Q4F23 Revenue Composition
Q4F23 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 $26 $117 $17 $2 • General Semi up 50% sequentially; new POWERCOMMTM & POWERNEXXTM systems are perform
Slide 5: New Layers of Growth: AI, Advanced Display, Dispense
Q4F23 Update New Layers of Growth: AI, Advanced Display, Dispense TCB Solutions Assembling the Building Blocks of AI C2W, C2S 100um to <10um Pitch Leading Fluxless Process Well Positioned to continue taking share in high-performance computing, co-packaged optics (CPO) & leading-edge heterogeneous in
Slide 6: New Layers of Growth: Advanced Display, Dispense
Q4F23 Update New Layers of Growth: AI, Advanced Display, Dispense Advanced Display Dispense Significant long-term growth opportunities as mini & Industry leading throughput & accuracy micro LED technology progresses High-potential customer engagements serving broad & Positioned well for both: divers
Slide 7: Financial Results
Q4F23 Financial Results Strong Sequential Demand $202.3M Improvement in General Revenue Up 6% Q/Q Semiconductor $69.8M Up $3.8M Q/Q Non-GAAP Non-GAAP OpEx Cost Controls Operating Operating Remain in Place Expense* Margin* 13% Up 30 bps Q/Q Ongoing Through–Cycle Non-GAAP Profitability $0.51 Down 7.3%
Slide 8: Income Statement
Income Statement Q4F23 Summary Items $Millions, except %, EPS, and share count Q4F22 Q3F23 Q4F23 Q/Q Y/Y Revenue $286.3 $190.9 $202.3 $11.4 ($84.0) Gross Margin 46.3% 47.1% 47.4% 30 bps 110 bps Operating Expenses $65.1 $94.5 $76.4 ($18.1) $11.3 Operating Income $67.5 ($4.5) $19.5 $24.0 ($48.0) Non-G
Slide 9: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Q4F23 Summary Items $Millions Q4F22 Q1F23 Q2F23 Q3F23 Q4F23 Accounts Receivable $309.3 $200.3 $169.1 $198.1 $158.6 Inventory $185.0 $211.6 $224.2 $228.0 $217.3 Accounts Payable $67.3 $57.5 $54.9 $52.9 $49.3 Net Cash* $526.9 $574.6 $538.4 $515.0 $577.9 Working Capital Days**
Slide 10: Outlook Q1F24
Outlook Q1F24 $170M Core Utilization & Demand Revenue +/- $10M Improvements $71M +/- 2% Non-GAAP Ongoing Execution on Several Parallel Growth Initiatives Operating Gross Expense Margin 47% Customer & Industry Momentum +/- 100 bps will Support 2H24 Improvement Non-GAAP $0.25 +/- 10% Diluted EPS* *Non
Slide 11: Earnings Review Q&A
Earnings Review Q&A For additional information investor.kns.com investor@kns.com 11
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations 12
Slide 13: WZ kulicke & Soffa,
WZ kulicke & Soffa,
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