Jefferies 2015 TMT Presentation May, 13 2015 Safe Harbor During - PowerPoint PPT Presentation

Jefferies 2015 TMT Presentation May, 13 2015

Safe Harbor During the course of this presentation, we will make projections and other comments that are forward-looking statements within the meaning of the federal securities laws. These statements are subject to a number of risks and uncertainties and are based on current information, expectations and estimates that are inherently subject to change. We caution you that actual events or results might differ materially from those in any forward-looking statement due to various factors. Information concerning factors that could cause actual events or results to differ materially from those in any forward looking statement is contained in the Company's Registration Statement on Form S-1, and in other filings with the SEC made by the Company. The Company assumes no obligation to update any statement made during today's presentation, to revise any forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements. 2

Complete Mfg. Current UCT Update Processes Semi- Hardware Expertise Outsourced Operations Investment in Growth: Financials: • Completed acquisition of Marchi Thermal • Q2 revenue guidance of $112-$117M Systems in February 2015 to expand UCT’s • Q2 non-GAAP EPS guidance of $0.04- capabilities and strengthen customer base $0.07/share (excl. intangible amortization • Officially opened new prototype center in expense from past acquisitions) Fremont in March 2015 to expand vertical Gross margins of 15.9% on revenue of $125.3M • integration capabilities and drive new in Q1 compared to 15.3%* on revenue of business opportunities $120.0M in Q4. Our target range is 15-18%. Acquired Prototype Asia in Q4’14 combined • Cash reserves of $69.6M at end of Q1 • with additional investment in 3D printing. UCT will launch an Additive Manufacturing Center in Singapore later in 2015 * Note: Q4’14 results reflect the financial impact of customer bankruptcy (GTAT). 3

Who is UCT? Complete Manufacturing An Industry Leading Systems Processes Integrator Complete Outsource Semi- Solution Hardware Expertise Outsourced Vertical Expansion and Operations Geographic Growth Highly complex, highly configurable, low volume manufacturing - Focus in 2015 is SemiCap equipment market 4

Semiconductor OEM spend “Swimming Pool*”  ~$10B-$12B  100% 90% 80% Market Share 70% 60% 50% Insourcing/others 40% Competitor 30% UCT 20% 10% 0% Module 1 Module 2 Module 3 Module 4 Module 5 Module 6 Module 7 Module 8 Module 9 Module 10 Module 11 Module 12 Module 13 Module 14 UCT has <5% of Semi Cap OEM spend-Major opportunity for SAM growth *example only 5

UCT- Top Provider to the Semi OEM’s - Uniquely focused 1000 $ 1B Other Semi Top Tier Semi 2014 Annual Revenue ($M ) 0 CM-A CM-B UCT CM-CC CM-D CM-E CM-F Total Revenue $26B $6B $520M $132B $320M $700M $5B 6

UCT 3 Year Target and Model $1B Revenue GP Net Income Add 50% more Grow Revenue Revenue 50% in 50% while $ products and specialty growing OH process at or above only ~20% target GM 15-18% 8-10% 0 2014 Organic Growth Inorganic Growth Total 7

Global Foundation for Integrated Equipment Manufacturing 2015-Acquired Marchi Sub OEM Thermal Systems Products Special Processes Frames Opened Acquired Prototype Asia/ 3D Acquired Allegro Opened 2 nd Acquired manufacturing printing capability & opened manufacturing in Acquired Sieger facility in China AIT site in China prototype center in Fremont Singapore 2007 2009 2012 2014 2015 2005 2006 8

UCT Value Proposition Globalization Semiconductor Engineering and Design Reduce cost, improve Worldwide manufacturing reliability and design for and supply chain enables us Medical/Research to do product development manufacturability (DFM) near the customer while through our expertise in offering lowest cost sourcing mechanical and electrical and manufacturing engineering Industrial/Consumer High Quality, New Product Complex Introduction (NPI) to Manufacturing Functional Testing Energy Provide fastest time to Provide customers broad- market, with highest quality based manufacturing capabilities - from precision and lowest cost through NPI components to large scale expertise and full functional complete systems testing capabilities Flat Panel 9

Global Presence Austin Shanghai UCTS 69,000 Sq. Ft 52,000 Sq. Ft S San Shanghai Francisco UCME 110,000 Sq. 83,000 Sq. Ft Ft Hayward Philippines 130,000 Sq. 15,000 Sq. Ft Fremont Chandler Singapore Ft 9,000 Sq. Ft 130,000 Sq. Ft 35,000 Sq. Ft Metal Fabrication Manufacturing & NPI Engineering Supply Chain Management (machining, sheet metal, framing) 10

FINANCIAL OVERVIEW 11

Complete Mfg. Processes Selected Income Statement Data Semi- Hardware Expertise Outsourced Operations Q1’14* Q2’14* Q3’14* ** Q4’14* ** Q1’15* ($ in millions, except per share amounts) Sales $ 144.2 $ 132.7 $ 117.0 $ 120.0 $ 125.3 % Sequential Growth 14.2% -8.0% -11.8% 2.5% 4.4% Gross Profit $ 23.3 $ 21.2 $ 10.3 $ 18.4 $ 19.9 Gross Profit % 16.2% 15.9% 8.8% 15.3% 15.9% Opex $ 12.9 $ 11.9 $ 13.0 $ 12.2 $ 13.6 % Revenue 9.0% 8.9% 11.1% 10.2% 10.8% Operating income (loss) $ 10.4 $ 9.3 $ (2.7) $ 6.1 $ 6.3 % Revenue 7.2% 7.0% -2.3% 5.1% 5.1% EBITDA (Excl. Stock Comp) $ 12.2 $ 11.1 $ (0.8) $ 8.2 $ 7.7 % Revenue 8.4% 8.3% -0.7% 6.8% 6.1% Net income $ 8.1 $ 7.0 $ (4.3) $ 4.5 $ 4.2 % Revenue 5.6% 5.3% -3.7% 3.7% 3.4% Net income per share $ 0.27 $ 0.23 $ (0.14) $ 0.15 $ 0.14 Diluted Shares used 29,918 29,882 29,914 29,944 30,964 * Note: Represents pro-forma numbers, excluding intangible amortization expense related to past acquisitions. ** Note : Q3’14 and Q4’14 results reflect the financial impact of customer bankruptcy (GTAT). 12

Complete Mfg. Processes Selected Balance Sheet Data Semi- Hardware Expertise Outsourced Operations ($ millions) Q2’13 Q3’13 Q4’13 Q1’14 Q2’14 Q3’14* Q4’14* Q1’15 Cash $71.3 $65.9 $60.4 $74.3 $69.4 $75.1 $79.0 $69.6 Total Debt $68.4 $56.5 $55.1 $63.7 $55.9 $47.5 $48.2 $75.6 Net Liquidity $3.0 $9.4 $5.3 $10.5 $13.5 $27.7 $30.8 ($6.0) Accounts receivable $47.1 $49.7 $67.4 $72.2 $67.9 $57.5 $61.8 $69.6 DSO 38 days 42 days 48 days 45 days 46 days 44 days 46 days 50 days Accounts payable $30.1 $37.8 $54.0 $55.4 $45.5 $42.4 $48.9 $50.1 DPO 29 days 37 days 46 days 41 days 37 days 36 days 43 days 43 days Net Inventory $48.7 $50.3 $63.9 $67.5 $67.1 $55.4 $56.9 $59.9 Inventory days 47 days 50 days 55 days 50 days 54 days 47 days 50 days 51 days Working Capital $87.3 $92.1 $100.4 $109.6 $115.0 $109.7 $142.3 $147.6 * Note : Q3’14 and Q4’14 results reflect the financial impact of customer bankruptcy (GTAT). 13 UCT Confidential

UCT Business Model Differentiators Minimal product risk Reduced operating expenses 15% - 18% Low capital requirements 8% - 10% Gross Margin OP. Manufacturing in low cost regions Profit Drivers Margin Vertical integration capabilities Revenue growth through market diversification Targeted Improved operational efficiencies 14 UCT Confidential

UCT Summary Business Focus Financial Stability Highly complex, highly History of profitability configurable, low Growth Drivers with strong balance volume manufacturing Value Add sheet and unique Expansion in Semi Engineering business model Market From gas delivery to and Design complete systems Asia operation Globalization Adjacent markets New Product High-level integration Introduction (NPI) to Functional Testing 15 UCT Confidential

Corporate Presentation May 2015 Thank You!