Financial Data and Key Metrics Changes - Group revenue for the first half of 2024 was HK$828.7 million, down 17.1% year-on-year and 5.8% half-on-half due to declines in both SEMI and SMT segments [68][66] - Adjusted net profit was HK$314.6 million, down 49.5% year-on-year but increased 158.1% half-on-half [39] - Group gross margin improved to 40.9%, up 67 basis points year-on-year and 276 basis points half-on-half, mainly driven by SEMI's favorable product mix [40][66] Business Line Data and Key Metrics Changes - SEMI segment revenue increased to HK$212.5 million in Q2 2024, a 20.9% quarter-on-quarter increase, driven by TCB [70] - SMT segment revenue was HK$214.8 million in Q2 2024, a decline of 4.7% quarter-on-quarter due to softness in automotive and industrial markets [71] - Advanced Packaging (AP) solutions contributed approximately 25% of group revenue in the first half of 2024, up from 22% the previous year [58] Market Data and Key Metrics Changes - China's contribution to group revenue increased from 30% to 36% year-on-year, while revenue from Europe and the Americas declined [74] - Automotive applications contributed about 24% of group revenue in the first half of 2024, approximately HK$200 million [65] - The communication market accounted for about 17% of group revenue, with growth driven by high-end smartphones [44] Company Strategy and Development Direction - The company remains optimistic about the prospects of its AP business, with a focus on capitalizing on the demand for generative AI and high-performance computing [29][76] - The strategy includes navigating through different industry cycles by leveraging a broad-based portfolio that includes SEMI and SMT solutions [57] - The company is committed to enhancing shareholder value through a dividend policy of 50% of earnings and is considering share buybacks [46][17] Management's Comments on Operating Environment and Future Outlook - Management noted that the recovery of the SEMI-mainstream business is taking longer than anticipated due to tepid consumer spending [47] - There is a positive outlook for the AP business, with expectations of increased demand driven by AI architecture [62] - The company anticipates revenue for Q3 2024 to be between $370 million to $430 million, reflecting a decline due to lower SMT revenue [91] Other Important Information - The group ended the first half with a backlog of about $820 million, and the book-to-bill ratio was marginally below 1 at 0.98 [67] - The company has won orders for two next-generation fluxless TCB solutions, indicating strong recognition of its technology [31][60] - The automotive market continues to be a significant contributor, despite recent softness [65] Q&A Session All Questions and Answers Question: Impact of geopolitical tensions on sales to China - Management acknowledged that geopolitical tensions could impact sales, particularly with potential restrictions on chip-making equipment to China, which accounted for 36% of total revenue [3] Question: Expectations for TCB shipments and market share - Management expressed confidence in maintaining market share for fluxless TCB tools, with shipments expected to begin in the second half of 2024 [80][81] Question: Recovery pace for SEMI and SMT in Q3 - Management indicated that SEMI bookings are expected to be flattish with an upside bias, while SMT continues to face headwinds due to market softness [104][106] Question: Trends in TCB shipments and customer engagement - Management noted that TCB shipments are expected to increase significantly in 2025, driven by demand for AI architecture [128]

ASMPT digital world Q2 2024 Results Presentation The information contained in this presentation is provided for informational purpose only and should not be relied upon for the purpose of making any investment or for any other purpose. Some of the information used in preparing this presentation was obtained from third parties or public sources. The information contained in this presentation has not been independently verified. No representation or warranty, expressed or implied, is made as to, and no relian ...

Financial Data and Key Metrics Changes - ASMPT reported Q1 2024 revenue of US$401.4 million, down 7.8% quarter-on-quarter due to declines in both SEMI and SMT segments, with SEMI experiencing a steeper decline due to the prolonged semiconductor down cycle [18][15] - Adjusted net profit for Q1 was HK$177.5 million, an increase of 132.1% quarter-on-quarter, and adjusted earnings per share rose by 138.9% to HK$0.43 [17] - Group gross margin slightly declined by 40 basis points quarter-on-quarter to 41.9%, primarily due to lower gross margin in SMT, but remained relatively high compared to previous quarters [19][15] Business Line Data and Key Metrics Changes - SEMI segment revenue was US$175.8 million, down 13.7% quarter-on-quarter, with declines attributed to industry weakness in deposition tools [20] - SMT segment revenue was US$225.5 million, a marginal decline of 2.6% quarter-on-quarter, contributing about 56% of Group revenue, driven mainly by automotive and industrial applications [24] - SEMI bookings grew 25.1% quarter-on-quarter to US$199 million, while SMT bookings increased 10.1% to US$210.3 million, driven by advanced packaging and automotive applications [22][24] Market Data and Key Metrics Changes - The automotive applications continued to form the highest proportion of overall Group revenue, with SMT's automotive application revenue growing despite overall market softness [5] - Group bookings increased by 17% quarter-on-quarter to US$409.3 million, supported by strong demand for advanced packaging solutions [18][16] - The Group's backlog remained stable at approximately US$849 million at the end of Q1 [16] Company Strategy and Development Direction - ASMPT remains optimistic about long-term growth prospects, supported by structural trends in automotive electrification, smart factories, green infrastructure, 5G, IoT, and AI [28] - The company is investing an additional HK$250 million in R&D and infrastructure for 2024, with projects on track to intensify throughout the year [20] - Advanced packaging solutions are highlighted as having the highest growth potential, with the company positioned to capitalize on increasing demand from generative AI and high-performance computing customers [9][28] Management's Comments on Operating Environment and Future Outlook - The macroeconomic environment presents challenges, including a slow recovery in the Chinese economy, geopolitical conflicts, and inflationary pressures affecting consumer sentiment and electronics demand [4] - Management noted that while the SEMI segment is facing a prolonged down cycle, the SMT segment is stabilizing, providing some resilience to the Group's overall performance [15][5] - The company expects Q2 2024 revenue to be between US$380 million to US$440 million, indicating a decline of 17.6% year-on-year but a slight increase of 2.2% quarter-on-quarter [26] Other Important Information - The Group's advanced packaging solutions, particularly thermal compression bonding (TCB), are expected to see increased orders driven by generative AI applications [10][12] - The company has begun shipping next-generation TCB tools for chip-to-substrate applications and anticipates further orders in the coming quarters [10][52] Q&A Session Summary Question: TCB order momentum and shipment expectations - Management indicated that TCB order momentum has improved, with shipments to leading foundry customers already initiated, and they expect continued acceleration in TCB adoption [32][33] Question: HBM adoption and market share dynamics - Management expressed optimism regarding HBM adoption for TCB, noting that TCB tools are superior to mass reflow tools in terms of accuracy and handling capabilities, with expectations for increased market share as HBM applications grow [35][39] Question: Booking trends for Q2 and recovery expectations - Management expects Q2 bookings to be flattish on a quarter-on-quarter basis, with year-on-year increases anticipated, particularly from the SEMI segment [46][47] Question: Chip-to-wafer TCB progress and order flow - Management confirmed that demo tools for chip-to-wafer applications have been delivered to a leading foundry, with expectations for concrete orders in the latter part of 2024 or early 2025 [52][53] Question: Gross margin trends and future expectations - Management clarified that while Q1 gross margins were impacted by one-off sales from previously provisioned inventory, they expect margins to improve as advanced packaging contributions increase over time [76][78]

ASMPT digital world Q1 2024 Results Presentation 24 April 2024 Disclaimer The information contained in this presentation is provided for informational purpose only and should not be relied upon for the purpose of making any investment or for any other purpose. Some of the information used in preparing this presentation was obtained from third parties or public sources. The information contained in this presentation has not been independently verified. No representation or warranty, expressed or implied, is ...

ASMPT Limited (OTCPK:ASMVF) Q4 2023 Earnings Conference Call February 27, 2024 7:30 PM ET Company Participants Romil Singh - Head of Investor Relations Robin Gerard Ng Cher Tat - Group Chief Executive Officer Xu Yifan, Katie - Senior Vice President, Group Chief Financial Officer Conference Call Participants Gokul Hariharan - JPMorgan Donnie Teng - Nomura Dylan Liu - Morgan Stanley Simon Woo - Bank of America Merrill Lynch Romil Singh Good morning, and good evening, ladies and gentlemen. This is Romil from I ...

ASMPT digital world 2023 Annual Results Presentation 28 February 2024 Disclaimer The information contained in this presentation is provided for informational purpose only and should not be relied upon for the purpose of making any investment or for any other purpose. Some of the information used in preparing this presentation was obtained from third parties or public sources. The information contained in this presentation has not been independently verified. No representation or warranty, expressed or impli ...

Financial Data and Key Metrics Changes - The company reported a strong first half of 2022 with revenue growth of 10.1% year-on-year, despite challenges such as supply chain constraints and inflationary pressures [11][33] - Gross margin improved year-on-year and half-on-half, achieving over 40% for five consecutive quarters, driven by stronger performance in both SEMI and SMT segments [33][34] - Bookings were down year-on-year due to a high base effect but showed half-on-half growth, with a book-to-bill ratio of 1.12 [12][32] Business Line Data and Key Metrics Changes - The SEMI segment contributed 59% of the Group's revenue in Q2 2022, with growth in IC discrete units and certain advanced packaging solutions, while the Optoelectronics unit faced declines [35][36] - The SMT segment experienced year-on-year growth due to increased deliveries to automotive and industrial customers, although there was a quarter-on-quarter decline [37] - Automotive revenue grew at approximately 60% year-on-year, contributing about 20% to total revenues, while advanced packaging accounted for around 18% of total revenue [13][14][40] Market Data and Key Metrics Changes - China, including Hong Kong, remained the largest market but saw a moderation in its contribution to Group revenue, while Europe, Malaysia, the Americas, and Taiwan combined saw a year-on-year increase of around 47% [12][38] - The automotive market is expected to continue strong growth, particularly in electric vehicles, despite macroeconomic challenges [69][70] Company Strategy and Development Direction - The company is focusing on growth areas such as automotive and advanced packaging, with a comprehensive suite of solutions to meet sustained demand [10][27] - A share buy-back plan has been approved, reflecting management's confidence in the long-term strategy and growth prospects of the company [42][60] - The company aims to maintain a dividend payout policy of about 50% of profits annually, alongside the share buy-back initiative [41][43] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by geopolitical conflicts, COVID-19 lockdowns, and inflation but expressed confidence in the long-term growth of the semiconductor capital equipment market [44][45] - The company remains optimistic about capturing substantial market share in high-growth sectors, supported by ongoing investments in R&D and innovation [45][46] Other Important Information - The company has a diversified customer base, with the top five customers accounting for less than 14% of total revenue, indicating low customer concentration risk [38] - The new Group CFO, Katie Xu, brings over 20 years of experience and aims to enhance financial performance and stakeholder engagement [28][30] Q&A Session Summary Question: Booking trends for different business segments in Q3 - Management expects Q3 bookings to follow seasonal trends, with a single-digit decline from Q2 levels, but still higher compared to pre-2021 levels [54][56] Question: Share buy-back plan rationale - The share buy-back plan is intended to demonstrate confidence in the company's long-term strategy, with management noting that the current share price is perceived as low [59][60] Question: Impact of inventory correction in the semiconductor industry - Management acknowledged the ongoing inventory correction but emphasized that long-term demand drivers remain strong, particularly in high-performance computing and automotive sectors [66][70] Question: Signs of slowdown in European automotive demand - While there are concerns regarding the impact of the Russia-Ukraine conflict, management remains optimistic about the automotive sector's strength, particularly in electric vehicles [69][74] Question: Guidance for the Chinese market - The decline in the Chinese market is attributed to both lockdowns and weak consumer sentiment, but long-term prospects remain positive due to ongoing investments in new capacity [78][79]

ASM & Pacific Technology 2021 ANNUAL RESULTS PRESENTATION 23rd February 2022 1 Disclaimer The information contained in this presentation is provided for informational purpose only, and should not be relied upon for the purpose of making any investment or for any other purpose. Some of the information used in preparing this presentation was obtained from third parties or public sources. The information contained in this presentation has not been independently verified. No representation or warranty, expresse ...

ASM & Pacific Technology 2021 ANNUAL RESULTS PRESENTATION 23rd February 2022 1 Disclaimer The information contained in this presentation is provided for informational purpose only, and should not be relied upon for the purpose of making any investment or for any other purpose. Some of the information used in preparing this presentation was obtained from third parties or public sources. The information contained in this presentation has not been independently verified. No representation or warranty, expresse ...

Financial Data and Key Metrics Changes - The company achieved record earnings per share of HKD 7.72, with revenue reaching $2.82 billion, representing a 49.3% year-on-year growth [7][8] - Record bookings of $3.36 billion were noted, reflecting a year-on-year growth of 65.6% [10] - The net profit for the fiscal year was HKD 3.24 billion, with a gross margin of 40.6% and an operating margin of 18.9%, showing significant year-on-year expansions [10][11] Business Line Data and Key Metrics Changes - The SEMI segment showed robust performance with strong year-on-year revenue growth and record segment profit in Q4 [13] - The SMT segment achieved bookings of $360 million, marking a healthy year-on-year increase, with full-year segment profit reaching a record of $1.38 billion, nearly doubling from the previous year [14] - Advanced Packaging (AP) solutions revenue grew approximately 35% year-on-year to around $590 million [16] Market Data and Key Metrics Changes - The automotive end market application contributed approximately $430 million to Group 2021 revenue, more than doubling from the previous year [18] - The demand for Mini LED and Micro LED applications is expected to expand significantly, with a five-year CAGR of 55% [19] - The company added 17 customers in the Mini LED space in 2021, indicating a broadening customer base [20] Company Strategy and Development Direction - The company aims to deepen its leadership in semiconductor and electronics manufacturing through strategic initiatives and investments in high-growth markets [4][28] - Focus areas include expanding market share in targeted segments, enhancing technological leadership in Advanced Packaging, and investing in automation and AI-driven solutions [27][31] - The company is positioned to capture opportunities in automotive electrification and advanced display technologies [18][19] Management Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing challenges in the global supply chain and the impact of COVID-19 on customer readiness and delivery timing [42] - The outlook for 2022 is projected to be between 4% to 14% growth year-on-year, despite a challenging supply chain environment [68] - The company expects to maintain a strong order backlog and anticipates record revenue for Q1 2022 [24][68] Other Important Information - The company plans to pay a final dividend of HKD 2.60 per share, with a full-year dividend of HKD 3.90, a 44% increase over 2020 [37] - R&D spending was approximately 10% of equipment revenue, totaling $251 million in 2021, with nearly 2,000 patents generated [36] Q&A Session Summary Question: Can you provide more color about your guidance between your two segments and customer types? - Management indicated that Q1 guidance is lower than Q4 due to seasonality, but still expects record performance for both SEMI and SMT segments [40][41] Question: What are the current applications in the markets for AP products? - AP revenue grew 35% year-on-year, with strong demand driven by high-performance computing and TCB tools [43][45] Question: Is the margin sustainable and how will it be achieved? - Management expressed confidence in sustaining margins through a focus on high-growth, high-margin areas, despite cost pressures [47][51] Question: What is the outlook for bookings and wire bonding? - Management acknowledged a decline in bookings but noted that the overall SEMI industry remains bullish for 2022, with continued demand for mainstream tools like wire bonders [56][60] Question: Can you elaborate on hybrid bonding opportunities? - Hybrid bonding is seen as a high-precision tool with significant potential, and the company is engaging with Tier-1 customers for prototypes [61][64]