2020 Q1 Results Announcement 22 Apr 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 3
O V E R V I E W Th e World’s Semiconductor Solutions Technology & 44.7% Market Leader Materials Q1 2020 Group Revenue: 11.9% SMT Solutions USD 434m 43.4% 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 SEMICONDUCTOR 2019 Worldwide SOLUTIONS 1 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% 1 F O R M E R L Y B AC K E N D E Q U I P M E N T S O L U TI O N S Sources: VLSI, SEMI and ASMPT Market Intelligence | 6
Q 1 2 0 2 0 H I G H L I G H T S 2020 Q1 Highlights
Q 1 2 0 2 0 H I G H L I G H T S Q1 2020 Billings USD QoQ YoY Group 434m -24.0% -7.6% Group Higher end of guidance SEMI AP a key driver for Q1 20 194m -25.3% -1.6% Semi Solutions Segment AP > CIS revenue AP + CIS contributed close to 50% 52m -22.3% +1.3% Materials Segment SEMI Revenue SMT Driven by 5G + SiP 188m -23.1% -15.1% SMT Solutions Segment 8
Q 1 2 0 2 0 H I G H L I G H T S Q1 2020 Billings QoQ Growth: QoQ Growth: QoQ Growth: -25.3% -23.1% -22.3% Semiconductor Solutions SMT (USD’M) Materials (USD’M) (USD’M) 400 350 80 350 300 300 60 250 52 250 188 200 194 200 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
Q 1 2 0 2 0 H I G H L I G H T S Strong Q1 2020 Group Bookings Group 2 nd highest ever Q1 bookings SEMI Q1 2020 USD QoQ YoY Strong demand for traditional die/wire bonders Key driver 669m +50.2% +45.3% Group China localization Advanced Packaging General lighting Semi Solutions 310m +73.3% +39.0% Segment Relatively weaker CIS demand due to softer smartphone market (COVID-19) 89m +26.9% +93.4% Materials Segment SMT Strong demand for 5G infrastructure and SiP SMT Solutions 270m +37.6% +41.2% High booking level similar to Q1 2018 Segment Materials 5 th Consecutive QoQ growth Record high booking 10
Q1 2020 Bookings – Business Segments Q 1 2 0 2 0 H I G H L I G H T S QoQ Growth Across All Business Segments QoQ Growth: QoQ Growth: QoQ Growth: +37.6% +26.9% +73.3% Semiconductor Solutions Materials (USD'M) SMT (USD'M) Record (USD’M) 100 350 89 450 90 300 400 270 80 350 250 70 310 300 60 200 250 50 150 200 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
Q 1 2 0 2 0 H I G H L I G H T S Q1 2020 Group GM & Profitability Gross Group Gross Margin QoQ YoY Net profit of HK$25m – beats guidance Margin for a loss this quarter 33.5% -125 bps -37 bps Group Group GM ▼ mainly due to SMT’s volume and geographical mix 41.3% +45 bps +202 bps Semi Solutions Segment SEMI 8.5% +7 bps -188 bps Materials Segment GM increased QoQ and YoY due to 32.4% -312 bps -214 bps SMT Solutions Segment product mix SMT 434m -24.0% -7.6% GM declined largely due to volume and Group Billing (USD) geographical mix 145m -65.4% -39.3% Operating Profit (HKD) 25m -88.6% -76.6% Net Profit (HKD) 12
Q 1 2 0 2 0 H I G H L I G H T S Key Highlights: Semiconductor Solutions Segment YoY Bookings Growth: +39.0% Demand for traditional die/wire bonders contributed to strong booking performance China localization effect and general lighting demand contributed to strong bookings for IC/Discrete and Optoelectronics Advanced Packaging continued to be strong AP + CIS contributed to close to 50% SEMI revenue; AP revenue contribution exceeded CIS in Q1 20 Relatively weaker orders for CIS due to anticipated softness in smartphone market brought about by COVID-19 13
Q 1 2 0 2 0 H I G H L I G H T S Key Highlights: YoY Bookings Growth: SMT Segment +41.2% High booking level similar to Q1 2018 due to strong demand for 5G infrastructure System-in- Package (“ SiP ”) Slow down in Automotive continued 14
Q 1 2 0 2 0 H I G H L I G H T S Key Highlights: YoY Bookings Growth: Materials Segment +93.4% Consecutive 5 quarters of Quarterly Bookings growth Record Materials (USD'M) Overwhelming indicator of market recovery; COVID- 100 89 19 outbreak introduces uncertainty 90 80 Profit improved by 51.3% YoY and 61.4% QoQ in 70 absence of the recently discontinued MIS business 60 50 GM and profitability expected to improve due to shifting 40 of Leadframe operations from Singapore to Malaysia – 30 completion expected Mid-2021 20 10 0 Q1 16 Q4 16 Q3 17 Q2 18 Q1 19 Q4 19 15
Q 1 2 0 2 0 H I G H L I G H T S R&D Commitment Makes Us a Preferred Partner of Choice R&D expenses 13.3% 250 Q1 2020 R&D 200 expenditure USD million 150 US$ 51 million 100 13.3% of 50 Equipment Sales 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q1 2020 USD1,692 million invested in R&D Package Interconnection Vibration control SMT Optics precision engineering Laser dicing & grooving 16
Q 1 2 0 2 0 H I G H L I G H T S An Extensive Customer Base Q1 2020 Geographical Distribution of Revenue No single customer accounted for more than 10% Vietnam, 2.4% of Group revenue Japan, 2.4% Thailand, 2.6% Korea, 2.2% Malaysia, 5.2% Top 5 customers accounted for 15.4% of Group’s Taiwan, 8.3% Philippines, 1.8% Q1 2020 revenue India, 0.2% Americas, 11.4% Others, 1.2% Top 20 customers include: Europe, 16.6% World’s leading Telecommunication and Information Technology provider Leading High-Density Substrate makers World’s leading IDMs Tier 1 OSATs, major OSATs in China Major camera module makers Top EMS providers Leading automotive component suppliers China, 45.7% Among Top 20 customers of Group: 7 from SMT Solutions segment 6 from both Semi Solutions & SMT China Leads Market Recovery Solutions segment 17
Recommend
More recommend
