Financial Data and Key Metrics Changes - Q4 revenues were $302 million, up 5% year-over-year but down 15% from the record third quarter [41] - Gross margin improved to 16.7%, with a flow-through of approximately 25% compared to Q3 [41] - Q1 revenue guidance is between $210 million to $240 million, reflecting a 25% decline from Q4 [42] - Operating expenses are expected to decline to approximately $21.7 million in Q1 due to headcount and spending reductions [42] Business Line Data and Key Metrics Changes - The company expects significant growth in the gas delivery business, particularly serving the EUV lithography market [39] - The lithography segment is expected to increase by 25%, while non-litho segments are projected to decline by 25% to 30% [48] - The company anticipates a 5% outperformance in the non-litho WFE segment compared to the overall market decline [15][84] Market Data and Key Metrics Changes - The overall WFE market is expected to decline by 20% to 25% in 2023, with the memory market potentially down by 50% [65] - The company has reduced its exposure to the memory market to below 40% of revenues [65] - The company expects a recovery in customer demand towards the end of the year, contingent on the slope of the recovery [66] Company Strategy and Development Direction - The company is focusing on qualifying new components and expanding its market share, particularly in the components business [49] - Continued investments in R&D and optimization of capacity are planned to support future growth [40] - The company aims to manage its variable operating model to adjust to lower levels of WFE demand while maintaining discipline on operating expenses [40] Management's Comments on Operating Environment and Future Outlook - Management noted a softening business environment and reduced shipment levels expected for the March quarter [37] - The company remains confident in showing solid financial results and strong cash flow performance during 2023 [50] - Management expects to see a balanced WFE demand environment between the first and second half of 2023 [37] Other Important Information - Cash conversion of working capital improved, generating $32 million of free cash flow in Q4 [52] - Total cash at quarter end was $86 million, with total debt at $303 million [52] - The company plans to be more aggressive with debt paydowns as cash flow generation improves [23] Q&A Session Summary Question: How is the gas delivery segment performing compared to other segments? - Management indicated that gas delivery is expected to perform relatively well compared to other segments, particularly in the first half of the year [7] Question: What are the expectations for operating expenses and staffing? - Management confirmed that most SG&A-focused reductions have been implemented, with operating expenses expected to decline significantly in Q1 [8][11] Question: Can you clarify the company's ability to outperform WFE? - Management stated that they expect to outperform the non-litho WFE segment by about five percentage points, despite the overall market decline [15][16] Question: What is the outlook for gross margins in the upcoming quarters? - Management expects gross margins to remain stable between Q1 and Q2, with potential improvements in the second half of the year due to share gains [25] Question: How does the company plan to address debt and interest expenses? - Management plans to use strong cash flow generation to pay down debt, with interest expenses expected to rise due to increasing rates [23][70] Question: What is the timeline for new product revenue generation? - Management indicated that significant revenue from new gas panel products is expected to start in late 2023, with ongoing evaluations [78][99]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) Cayman Islands Not Applicable ( State or other jurisdiction of incorporation or organization) 3185 Laurelview Ct. Fremont, CA 94538 (Address of principal executive offices) (Zip Code) (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...

Ichor Holdings, Ltd. (NASDAQ:ICHR) Q3 2022 Earnings Conference Call November 8, 2022 4:30 PM ET Company Participants Claire McAdams - Investor Relations Jeff Andreson - Chief Executive Officer Larry Sparks - Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Co Craig Ellis - B. Riley Securities Robert Burns - Cowen Hans Chung - D.A. Davidson Operator Good day, ladies and gentlemen and welcome to Ichor's Third Quarter 2022 Earnings Conference Call. At this time, all participants ar ...

chor Investor Presentation Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit August 30, 2022 Proprietary Forward-Looking Statements, Non-GAAP Financials and COVID-19 This Presentation and the accompanying oral presentation include "forward‐looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding Ichor Holdings, Ltd. and its subsidiaries ("Ichor" or the "Company"), i ...

ichor D.A. Davidson Big Sky Technology Summit August 22, 2022 Proprietary Investor Presentation Forward-Looking Statements, Non-GAAP Financials and COVID-19 This Presentation and the accompanying oral presentation include "forward‐looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding Ichor Holdings, Ltd. and its subsidiaries ("Ichor" or the "Company"), its financial condition, its results ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 1, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-37961 ICHOR HOLDINGS, LTD. (Exact Name of Registrant as Specified in its Charter) Cayman Islands Not Applicable ( State or ot ...

Financial Data and Key Metrics Changes - Q2 revenues reached $330 million, up 12% from Q1 and 17% year-over-year, achieving the upper end of guidance [6][18] - Gross margins improved to 17%, reflecting a 100 basis point increase from Q1, driven by higher revenue volumes [7][18] - Earnings per share for Q2 were reported at $0.98, exceeding the high end of guidance by $0.04 [7][18] Business Line Data and Key Metrics Changes - Revenue growth was observed across all business segments and key customers, both sequentially and year-over-year [18] - The IMG acquisition is expected to contribute between $75 million and $80 million in revenue for the full year, reflecting strong performance across its customer base [11][43] Market Data and Key Metrics Changes - Industry forecasts for wafer fab equipment (WFE) growth in 2022 have been tempered to about 9% to 10% due to supply chain limitations [10] - Despite concerns about a slowdown in consumer-driven segments, demand in foundry and logic remains strong, supporting continued revenue growth [39] Company Strategy and Development Direction - The company is focused on balancing near-term business outlook with long-term investments, particularly in capacity expansion and operational efficiencies [8][12] - Strategic capacity expansions are ongoing in manufacturing locations, including Austin, Minnesota, and Mexico, to support a target of $425 million in capacity per quarter [8][53] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving sequential revenue growth in the upcoming quarters, despite potential economic headwinds [9][16] - There are no current indications of demand pushouts, and the company is prepared to adjust operations if necessary [12][33] Other Important Information - The company expects Q3 revenue guidance in the range of $320 million to $360 million, with earnings per share guidance of $0.85 to $1.11 [20] - Capital expenditures are projected to be around 3% of revenues for 2022, reflecting necessary investments to support growth [21] Q&A Session Summary Question: What are the main drivers for the guidance? - The increase in expenses and a higher tax rate are the main drivers for the guidance adjustments [24] Question: What is driving the increase in margins? - The increase in margins is attributed to a combination of efficiency improvements, volume increases, and a favorable product mix [25] Question: Does the revenue growth guidance include IMG's contribution? - Yes, the revenue growth guidance includes the expected contribution from IMG [26] Question: How significant are supply constraints on potential revenue output? - Supply constraints are significant but have narrowed down primarily to electronic components, with expectations of improvement by year-end [33] Question: What factors will influence gross margin improvements? - Volume efficiencies, leverage, and improving logistics costs are expected to influence gross margin improvements [34] Question: What is the outlook for sequential growth in the coming quarters? - Sequential growth is expected through the end of the year, with Q1 anticipated to be larger than Q4 [36][39] Question: What is the expected contribution from the IMG business? - The IMG business is expected to contribute between $75 million and $80 million, with profitability similar to the machining business [42][43] Question: How will the Chips Act impact the company? - The Chips Act is expected to provide a favorable tailwind, although the specifics of direct assistance are still being evaluated [49]

418 ichor Proprietary Investor Presentation Q1 2022 Update Forward-Looking Statements, Non-GAAP Financials and COVID-19 This Presentation and the accompanying oral presentation include "forward‐looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding Ichor Holdings, Ltd. and its subsidiaries ("Ichor" or the "Company"), its financial condition, its results of operations and the potential offe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 1, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-37961 ICHOR HOLDINGS, LTD. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to WASHINGTON, D. C. 20549 FORM 10-K (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION (510) 897-5200 (Registrant's telephone number, including area code) Not Applicable Title of each class Trading Symbol(s) Name of each exchange on which registe ...