2019 Annual Results Announcement 26 February 2020 1 Disclaimer - PowerPoint PPT Presentation

2019 Annual Results Announcement 26 February 2020 1

Disclaimer These forward-looking statements reflect the Company’s current expectations, The information contained in this presentation is provided for informational purpose only, and should not be relied upon for the purpose of making any beliefs, hopes, intentions or strategies regarding the future and assumptions in investment or for any other purpose. light of currently available information. Such forward-looking statements are Some of the information used in preparing this presentation was obtained not guarantees of future performance or events and involve known or from third parties or public sources. The information contained in this unknown risks and uncertainties. Accordingly, actual results may differ presentation has not been independently verified. No representation or materially from information contained in the forward-looking statements as a warranty, expressed or implied, is made as to, and no reliance should be result of a number of factors. You should not place undue reliance on such placed on, the fairness, reasonableness, accuracy, completeness or forward-looking statements, and the Company does not undertake any correctness of such information or opinions contained herein. It is not the obligation to update publicly or revise any forward-looking statements. No intention to provide, and you may not rely on this presentation as providing, statement in this presentation is intended to be or may be construed as a profit a complete or comprehensive analysis of our financial or trading position or forecast. prospects. The information and opinions contained in this presentation are We also do not undertake any obligation to provide you with access to any provided as at the date of this presentation and are subject to change additional information or to update this presentation or any additional without notice and will not be updated to reflect any developments which information or to correct any inaccuracies in this presentation or any additional may occur after the date of this presentation. information which may become apparent. All statements, other than statements of historical facts included in this This presentation does not constitute an offer or invitation to purchase or presentation, are or may be forward-looking statements. Forward-looking subscribe for any shares and no part of it shall form the basis of or be relied statements include, but are not limited to, those using words such as upon in connection with any contract, commitment or investment decision in “seek”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “project”, relation thereto. “plan”, “strategy”, “forecast” and similar expressions or future or conditional verbs such as “will”, “would”, “should”, “could”, “may” and “might” . 2

A W A R D S Awards & Accolades 2019 3

O V E R V I E W Th e World’s Back-End Equipment Technology & 44.1% Market Leader Materials 2019 Group Revenue: 11.7% SMT Solutions USD 2,027m 44.2% (CAGR 2009 – 2019 12.9%) 4

ASMPT’S O V E R V I E W Major Facilities Around The World Huizhou ( 惠州 ) Regensburg Fuyong ( 福永 ) Longgang ( 龙岗 ) Weymouth Munich Taoyuan Sales Offices Business Centre / R&D / Beuningen Manufacturing Site Boston Hong Kong Porto Chengdu ( 成都 ) >1,400 10 12 >2,000 Patents on leading R&D centres Manufacturing Global R&D Singapore edge technologies worldwide facilities staff Johor 5

Three Business Segments With O V E R V I E W Leading Market Positions SMT SOLUTIONS # 2 in SMT Equipment Market BACK-END EQUIPMENT 2019 Worldwide SMT Market Share: # 1 in Assembly ~22% & Packaging Equipment Market Since 2002 2019 Worldwide MATERIALS PAE Market Share: # 3 in Leadframe ~29% Market 2018 Worldwide Leadframe Market Share: ~9% Sources: VLSI, SEMI and ASMPT Market Intelligence | 6

2 0 1 9 H I G H L I G H T S 2019 Highlights

2 0 1 9 H I G H L I G H T S 2019 Group Billings Highlights Billings FY2019 2H2019 USD YoY USD HoH  Group: Market recovery started in 2H19; 2,027m -18.8% 1,099m +18.3% Group 18.3% HoH Billings growth  BE EQT: Star performers AP + CIS + AOI Back-end Equipment 894m -24.4% 491m +22.0% Segment  SMT: Driven by 5G infrastructure + China SMT demands 236m -17.8% 129m +19.5%  Materials Segment Materials: Four quarters of consecutive bookings growth – market clearly on track of recovery 897m -12.6% 479m +14.5% SMT Solutions Segment 8

2 0 1 9 H I G H L I G H T S Q4 Billings QoQ Growth Across All Business Segments QoQ Growth: QoQ Growth: QoQ Growth: +11.1% +3.4% +5.0% Back- End Equipment (USD’M) SMT (USD’M) Materials (USD’M) 400 350 80 350 66 300 300 60 243 250 259 250 200 200 40 150 150 100 100 20 50 50 - - - Q1 16 Q4 16 Q3 17 Q2 18 Q1 19 Q4 19 Q1 16 Q4 16 Q3 17 Q2 18 Q1 19 Q4 19 Q1 16 Q4 16 Q3 17 Q2 18 Q1 19 Q4 19 9

2 0 1 9 H I G H L I G H T S 2019 Group Bookings FY2019 Bookings USD YoY 2,021m -21.5% Group  BE EQT: Bookings outperformed peers - led by CIS and AP Back-End Equipment 911m -27.6%  SMT: Better than expected with 5G Segment infrastructure offsetting weakness in Automotive 238m -2.5% Materials Segment  Materials: ▲ 75.6% YoY for Q4 2019; ▲ 27.2% HoH for 2H 2019 872m -18.7% SMT Solutions Segment 10

Q4 Bookings – Business Segments 2 0 1 9 H I G H L I G H T S QoQ Growth: QoQ Growth: QoQ Growth: -31.9% +4.6% +10.2% Back- End Equipment (USD’M) Materials (USD'M) SMT (USD'M) 450 100 350 90 400 300 80 350 70 250 70 300 196 60 200 250 50 200 179 150 40 150 30 100 100 20 50 50 10 0 0 0 Q1 16 Q4 16 Q3 17 Q2 18 Q1 19 Q4 19 Q1 16 Q4 16 Q3 17 Q2 18 Q1 19 Q4 19 Q1 16 Q4 16 Q3 17 Q2 18 Q1 19 Q4 19 11

2 0 1 9 H I G H L I G H T S 2019 Group GM & Profitability  Group: Lower sales and lower production capacity utilization Gross Margin FY2019 YoY 2H2019 HoH  BE EQT: Lower sales and lower 34.8% -326 bps 34.8% -5bps Group production capacity utilization Back-End Equipment 41.1% 42.1% -472 bps +203bps Segment  SMT: Lower Automotive sales 10.1% -135 bps 9.4% -159bps Materials Segment particularly in Europe as well as higher sales in China 34.9% -154 bps 34.1% -184bps SMT Solutions Segment  Operating Expenses: Decreased YoY - excluding recent acquisitions of 2,027m -18.8% 1,099m +18.3% Group Billing (USD) AMICRA, NEXX and Critical Manufacturing 1,262m -60.0% 769m +56.2% Operating Profit (HKD)  Headcount: BE EQT reduced by 622m -71.9% 444m +149.1% Net Profit (HKD) around 3,000 since peak in 2018 12

2 0 1 9 H I G H L I G H T S Key Highlights: Back-End Equipment Segment QoQ Bookings Growth:  Significantly outperformed market: Strong market position, higher AP, CIS -31.9% and Power Management demand  Advanced Packaging > 20% of FY19 BE EQT Revenue  Including CIS, collectively contributed >50% of FY19 BE EQT Revenue  Acquired business NEXX contribution for FY19  First full year profitability since acquisition Expanded ASMPT’s customer base (i.e. High Density Substrate  makers)  Significantly strengthened ASMPT’s market position in Panel Level Packaging  CIS momentum will continue due to higher resolution cameras, multi- camera, 3D sensing, ToF, wide FOV, and telescopic lens features  AOI tools registered billings growth of 4 times YoY due to demand from CIS customers  Starting to see healthy demand for Wire and Die Bonder picking up 13

2 0 1 9 H I G H L I G H T S Key Highlights: SMT Segment  SMT performance exceeded expectation, driven by:  5G infrastructure and handsets demands  Data centre infrastructure in China  Expanded market share in China smartphone supply chain  Continued cost reduction efforts:  Increasing final assembly work in Malaysia  Satellite factory in Hungary to support Munich 14

2 0 1 9 H I G H L I G H T S Key Highlights: QoQ Bookings Growth: Materials Segment +10.2% Quarterly Materials Bookings  (USD'M) Consecutive 4 quarters of Quarterly Bookings growth; a 100 recovery in the semiconductor cycle 90 80  GM and profitability expected to improve due to 70 following restructuring initiatives: 60  Shifting of Leadframe operations from Singapore to 50 Malaysia – completion expected Mid-2021 40 30  Discontinuation of MIS business 20 10 0 Q1 16 Q4 16 Q3 17 Q2 18 Q1 19 Q4 19 15

2 0 1 9 H I G H L I G H T S R&D Commitment Makes Us a Preferred Partner of Choice R&D expenses 12.2% 250 2019 R&D 200 expenditure USD million 150  US$ 218 million 100  12.2% of 50 Equipment Sales 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 USD1,641 million invested in R&D Package Interconnection Vibration control SMT Optics precision engineering Laser dicing & grooving 16