SINGULUS TECHNOLOGIES · SINGULUS TECHNOLOGIES AG March 28, 2019 - 2 - Agenda . 1 . Financials . 2...

SINGULUS TECHNOLOGIES

March 28, 2019 SINGULUS TECHNOLOGIES AG

SINGULUS TECHNOLOGIES AG March 28, 2019 - 2 -

Agenda

1 Financials

2

SINGULUS TECHNOLOGIES Outlook 3

SINGULUS TECHNOLOGIES Segments & New Business Areas


Financial Key Figures

in € million 2017 2018 Revenues 91.2 127.5

Order Intake 88.0 86.8

Order Backlog (31.12.) 106.7 66.0

EBIT -1.2 6.8

EBITDA 0.7 9.1

Profit Before Tax -2.8 4.8

Net Result -3.2 0.8

Operating Cash Flow -14.1 2.5

Shareholders’ Equity 20.2 19.7

Total Assets 87.9 104.1


in € million 2017 2018 Gross Revenue 91.2 127.5 Net Revenue 90.0 125.9 Gross Profit (in % of Net Revenues)

25.3 (28.1%)

35.4 (28.1%)

- R&D - Sales & Customer Service - GM & A - Other Income/Expenses

-4.7 -12.0 -11.7

1.9

-8.2

-14.2 -8.5 2.3

OPEX (Total) -26.5 -28.6 EBIT (in % of Net Revenue)

-1.2 (-1.3%)

6.8 (5.4%)

Net Result -3.2 0.8 EPS (basic) -0.39 0.09

Profit & Loss Statement


Balance Sheet

in € million 2017 2018 Available Cash 27.2 13.5 Restricted Cash 8.7 14.3 Total Current Receivables and Other Assets 19.2 35.5 Total Inventories 17.3 17.1 Non Current Assets 15.5 23.7 Total Assets 87.9 104.1

Total Current Liabilities 40.5 50.2 Total Non-Current Liabilities 27.2 34.2 Total Equity 20.2 19.7 Equity and Liabilities 87.9 104.1


Cash Flow Development

in € million 2017 2018 Cash Flow from Operating Activities -14.1 2.5 Cash Flow from Investing Activities -2.2 -4.4 Cash Flow from Financing Activities 25.5 -11.3

Total Cash Flow 9.2 -13.2

Liquid Funds at the Beginning of the Fiscal Year 18.5 27.2 Effect of Exchange Rate Changes -0.5 0.2 Changes in the Scope of Consolidation - -0.7 Liquid Funds at the End of the Fiscal Year 27.2 13.5


Sales Split by Products

2018 2017

Solar 77.3 %

Semiconductor 7.2 %

Optical Disc 15.5 %

Solar 71.1 %

Semiconductor 8.7 %

Optical Disc 20.2 %


Sales Split by Region

2017 2018

Africa & Australia 0.6 %

America 11.5 %

Asia 67.5 %

Europe (without Germany)

11.7 %

Germany 8.7 %

Africa & Australia 0.7 %

America 18.3 %

Asia 61.6 %

Europe (without Germany)

7.6 %

Germany 11.8 %


Dec. 2017 Dec. 2018 Δ

SINGULUS Group 315 343 +28

Domestic 279 293 +14

Abroad 36 50 +14

Employees


Shareholder Structure


Agenda

1

2

Financials

3 SINGULUS TECHNOLOGIES Outlook



Headquarter Kahl am Main, Germany

Production Site Fürstenfeldbruck (Munich), Germany

France Sausheim

China Guangzhou

Asia Pacific Singapore

Taiwan Taipeih

Legend: Subsidiaries/Sales & Services Headquarter Production Site Fürstenfeldbruck Agents

China Shanghai

Latin America Sao Paulo

North America East & West Coast

SINGULUS TECHNOLOGIES – New Segment Structure

Semiconductor

Semi- conductor

Solar

Solar

Life Science

Life Science


Core Technologies

THIN FILM DEPOSITION - Sputter deposition (DC, RF, MF, bipolar, pulsed) - Thermal evaporation - PECVD (ICP, µ-Wave, CCP) - CVD (thermal and aerosol assisted CVD)

SURFACE ENGINEERING - Nano imprint lithography / embossing - Injection molding - Lacquering & bonding - Surface functionalization - Plasma cleaning & etching - Oxidation THERMAL PROCESSING - Rapid thermal processing - Selenization - Conditioning - Annealing WET CHEMICAL PROCESSING - Cleaning / washing / rinsing - Etching / texturing / structuring / polishing - Conditioning / developing - Oxidation - Chemical bath deposition - Electrochemical processes

THIN FILM DEPOSITION

SURFACE ENGINEERING

THERMAL PROCESSING

WET CHEMICAL

PROCESSING

Semiconductor

Semi- conductor

Solar

Solar

Life Science

Life Science


Development and Market Introduction of New Systems

1996 2008 2009 2010 2011 2012 2013 2015 2014 2016 2017 2018 2019

MEDLINE

Singular

Timaris I

Linea I

Semiconductor

c-Si IBC, PERC/PERT, HJT

Thin-film CdTe CIGS

Solar

Life Science

GENERIS PECVD

Cisaris

Vistaris 900 Tenuis II Vitrum II

Helioscoater

Rotaris Timaris II

Vistaris1600 CIGS Pilot Line

Decoline II

Selenius

Silex II New LINEX

GENERIS PVD

Polycoater

TIMARIS III

CISARIS III

Silex I Solare

Skyline

Spaceline

Bluline I/Bluline II Bluline III

Medical Technology Decorative Coating Optical Disc


SINGULUS TECHNOLOGIES is Focusing on CIGS & High Performance Solar Cells

Crystalline Solar • High cell & module efficiency

• Easy process

• Advanced technology

• Production split on different locations

CIGS Thin Film • Excellent stability

• Good low light performance

• Light soaking effect

• Reduced sensitivity to overheating

• Tolerance to shading & low intensity

Semi- conductor

Solar

Life Science


PV Learning Curve PV Selling Price Decreases Further

PV Learning Rate from 1976 to 2017 at 23.3 %

Source: VDMA/ITRPV Study number 10, 2019

Semi- conductor

Solar

Life Science


Sun Radiation World Wide Further Cost Reduction

-150 -100 -50 0 50 100 150

50

0

-50

2500

2000

1500

1000

kWh/

(m^2

a)

2017 United Arab Emirates

USD 0.03/kWh

2018 Saudi Arabia € 0.015/kWh

2018 Dubai

USD 0.024/kWh

2018 Germany

€~0.04/kWh

Semi- conductor

Solar

Life Science


Long-term Market Trend Shows Significant Increase in Solar Production Capacity

• The share of renewable energy sources in the global electricity supply will increase from 22% in 2015 to nearly 100% in 2050

• The share of solar energy in the global energy mix will increase significantly in the next few years. By 2050, solar technology should reach a share of 69%.

• This development is driven in particular by drastic cost reductions, cheaper battery storage and the technological end of nuclear energy.

Study Energy Watch Group, November 2017

Semi- conductor

Solar

Life Science


PV Installations 2015-2019 (Annual in GW)

Semi- conductor

Solar

Life Science

• Germany will step out of coal fired power plants by 2038

• Target of renewable energy in Europe 32 % until 2030 from todays approx. 18%


Market Development

• Growing market for high performance solar cells

• SINGULUS TECHNOLOGIES delivered systems to costumers in Europe, USA, Russia, China

• Working on further projects in Europe, USA, China

• Market leader in wet processing

• New sputtering system and new PECVD system introduced

High Performance Solar Cells: PERC, Heterojunction, JBC, TOPCon & more

IBC Solar Cell Heterojunction Solar Cells

Semi- conductor

Solar

Life Science


Production Flow Heterojunction

SDR/Tex

PECVD

PVD

Print

GENERIS PVD SILEX II

Semi- conductor

Solar

Life Science


SINGULUS TECHNOLOGIES Provides all Key Production Steps for a CIGS Fab

Si barrier layer & Mo Back Contact >Sputtering

Scribing P1 > Laser

CdS or. alt. buffer Deposition >Buffer Layer Deposition Interconnect and

Encapsulation >Lamination

Glass Washing > Wet cleaning

Scribing P2 >Mechanical >Laser

2

7 Scribing P3 >Mechanical > Laser

CIS/CIGS Substrate Inspection

Precursor > Sputtering

Front Contact > Sputtering

3

InS & iZnO > Evaporation, Sputtering Automation

5

1 6

6

Selenezation/ Sulphurization > CISARIS Oven

4

Selen Evaporation > Thermal evaporation

Semi- conductor

Solar

Life Science


Innovative Large Sputtering Systems for CIGS Thin Film Modules

Semi- conductor

Solar

Life Science


Total Announcements for CIGS in China

Investments for CIGS in China: + CNBM 4 Fabs:

Announcements from CNBM for investments for 6 GW CIGS-Solar

+ Hanergy 1.5 GW, further

projects of about 5 GW announced

+ Manz/Shanghai Electric 344 MW, new projects

expected

1.5 GW

1.5 GW

1.5 GW

1.5 GW

44 MW

300 MW

300 MW

300 MW

300 MW

600 MW

Semi- conductor

Solar

Life Science


TIMARIS Nano Deposition System

Ultra high vacuum: 5*10 -9 mbar

Thinnest Layer: < 3 Å

Uniformity: 0.5 % 1 σ

Advanced Applications • Excellent prospects for further growth in

applications like sensors, voltage regulators

• Modular platform for new applications, e.g. Voltage Regulator, MEMS, Extreme Ultraviolet (EUV) Technology

• TIMARIS for MRAM production with its proven production technology

Semi- conductor

Solar

Life Science


DECOLINE II 3-Dimensional Coating Further System Sold to Automotive Industry

Advanced Surface Coating • Brilliant layers on 3-dimensional parts &

individual design variety

• UV-curing for protection lacquer

• Inline spray coating & metallization

• Fully automated processing & high productivity and flexibility

• Low cost of ownership & environment-friendly

Semi- conductor

Solar

Life Science


Production Systems for Medical Technology Four Systems Sold

Applications for Medical Technology • Washing and pre-cleaning

• Cleaning & Etching

• Ultra- or megasonic cleaning

• Surface conditioning & modification

• Vacuum Coating & Electrochemical etching Semi- conductor

Solar

Life Science


SINGULUS TECHNOLOGIES – Optical Disc

• Total 8,530 systems sold worldwide

• Over 220 Blu-ray systems installed base

• Ready for 100 GB Ultra HD Blu-ray

• Billions of discs produced around the world lead to service & maintenance business

Semi- conductor

Solar

Life Science


Agenda

1

2

Financials

3


SINGULUS TECHNOLOGIES Outlook


Forecast

Year 2019

Sales Revenues in a range of € 135 to 155 million

EBIT Operating result for 2019 between € 6 million and

€ 11 million expected Semiconductor

Semi- conductor

Solar

Solar

Life Science

Life Science


Contact

SINGULUS TECHNOLOGIES AG Hanauer Landstrasse 103 D-63796 Kahl/Main Dr.-Ing. Stefan Rinck, President and CEO Tel: +49-6188-440-109 [email protected] Markus Ehret, CFO Tel: +49-6188-440-204 [email protected]

Maren Schuster, Head of Investor Relations Tel: +49-6188-440-612 [email protected] Bernhard Krause, Communications Worldwide Tel: +49-6181-9828020 [email protected]

Forward-Looking Statements

This presentation contains forward-looking statements based on current expectations, assumptions and forecasts of the executive board and on currently available information. Various known and unknown risks, unpredictable developments, changes in the economic and political environment and other presently not yet identifiable effects could result in the fact that the actual future results, financial situation or the outlook for the company differ from the estimates given here. We are not obligated to update the forward-looking statements made in this presentation unless there is a legal obligation.

SINGULUS TECHNOLOGIES · SINGULUS TECHNOLOGIES AG March 28, 2019 - 2 - Agenda . 1 . Financials . 2...

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