First Quarter 2020 May 12, 2020 · 2020-05-12 · SINGULUS TECHNOLOGIES AG March 24, 2020 - 3 - Financial Key Figures in million € Q1-2019 Q1-2020 Revenues 20.8 10.9 Order Intake

First Quarter 2020

May 12, 2020

SINGULUS TECHNOLOGIES AG

March 24, 2020

- 2 -

Introduction SINGULUS TECHNOLOGIES AG

SINGULUS TECHNOLOGIES AG - Innovations for New Technologies

State-of-The-Art Equipment Supplier in combination with market orientated Technology Know-How

▪ Location HQ: Kahl am Main (near Frankfurt), Germany

▪ Established: 1995 (Buyout at Merger Balzers/Leybold)

▪ IPO: 1997

▪ Employees: 351

▪ Research & Development

▪ Consulting

▪ Engineering & Design

▪ Project Management

▪ Production

▪ Installation

▪ Commissioning

▪ Service/Maintenance

▪ Hotline 24/7

▪ Training


March 24, 2020

- 3 -

Financial Key Figures

in million € Q1-2019 Q1-2020

Revenues 20.8 10.9

Order Intake 11.8 63.6

Order Backlog (31.03.) 57.0 79.0

EBIT 1.1 -5.8

EBITDA 2.0 -4.8

Result before Tax 0.5 -6.4

Result for the Period 0.2 -6.6

Operating Cash Flow -9.1 1.3

Shareholders’ Equity 20.1 0.6

Total Assets 101.3 83.7


March 24, 2020

- 4 -

Profit & Loss Statement

in million € Q1-2019 Q1-2020

Gross Revenues 20.8 10.9

Net Revenue 20.6 10.7

Gross Profit

(in % of Net Revenues)6.4

(31.1 %)

0.9

(8.4 %)

• R & D -1.4 -1.8

• Sales & Customer Service -2.4 -2.7

• GM & A -1.8 -2.1

• Other Income/Expenses 0.3 -0.1

OPEX -5.3 -6.7

EBIT

(in % of Net Revenues)

1.1

(5.3 %)

-5.8

(-54.2 %)

Net Result 0.2 -6.6

EPS (basic; €) 0.02 -0.74


March 24, 2020

- 5 -

Balance Sheet

in million € 31.12.2019 31.03.2020

Available Cash 14.8 14.0

Restricted Cash 4.4 4.7

Total Current Receivables and

Other Assets 16.8 15.9

Total Inventories 15.5 15.0

Non Current Assets 32.2 31.9

Total Assets 83.7 81.5

Total Current Liabilities 38.2 42.6

Total Non-Current Liabilities 38.5 38.3

Total Equity 7.0 0.6

Equity and Liabilities 83.7 81.5


March 24, 2020

- 6 -

Cash Flow Development Q 1

in million € Q1-2019 Q1-2020

Cash Flow from Operating Activities -9.1 1.3

Cash Flow from Investing Activities -0.8 -0.7

Cash Flow from Financing Activities 6.2 -1.6

Total Cash Flow -3.7 -1.0

Cash and Cash Equivalents at the Beginning of

the Period 13.5 14.8

Effect of Exchange Rate Changes 0.1 0.2

Cash and Cash Equivalents at the Beginning of

the Period 9.9 14.0


March 24, 2020

- 7 -

Employees

Δ 31.12.2019 31.03.2020

SINGULUS Group +3 351 354

Domestic +3 296 299

Abroad +0 55 55


March 24, 2020

- 8 -

Sales Split by Segments Q 1-2020

Life Science

Solar

Semiconductor

Q 1-2019

Solar 66.9 %

Life Science 28.8 %

Semiconductor 4.3 %

11.0 %

46.8 %

42.2 %

Semi-

conductorSolar

Life

Science


March 24, 2020

- 9 -

Sales Split by Region Q1-2020

Q1-2019

Asia 66.8 %

Americas 20.7 %

Europe 12.5 %

Asia

Europe

Americas

55.0 %

15.6 %

29.4 %


March 24, 2020

- 10 -

Shareholder Structure

Status: May 12, 2020


March 24, 2020

- 11 -

SINGULUS TECHNOLOGIES Production Systems for

Thin Solar Cells CIGS & CdTe

Thin Film Solar - Glass or Flexible Material

• Lower energy consumption in production (per Wp) than with c-Si

• Excellent stability & good low light (incl. shade) performance

• Reduced sensitivity to overheating

• Full value chain in production

• Shorter energy payback compared to c-Si


March 24, 2020

- 12 -

CNBM

Announced Steps of Investment

Each 300 MW Fab comprises

the following Machines:

10 CISARIS

2 VISTARIS

2 SELENIUS

City of Bengbu,

Province Anhui

City of Meishan,

Province Sichuan

City Weihai,

Province ShandongCity Xuzhou,

Province Jiangsu

1st step

Order

300 MW

1st step

Order

300 MW

1.5 GW 1.5 GW 1.5 GW

2nd step

LOI

300 MW

1st step

Order

150 MW

1st step

300 MW

in discussion

1.5 GW

Existing LOI

for 300 MW

Order for 150 MW signed

January 15, 2020

Existing LOI

for 5 CISARIS


March 24, 2020

- 13 -

SINGULUS TECHNOLOGIES Production Systems for

Thin Solar Cells CIGS in Bengbu, China

Delivered and Installed machines in Bengbu

• 10 CISARIS and 2 SELENIUS machines in the

production facility


March 24, 2020

- 14 -

SINGULUS TECHNOLOGIES Production Systems

for c-Si High Performance Solar Cells

Silicon Wafer Material

• High cell & Module efficiency

• Largest market share

• Advanced technology potential

• Lower capex

• High performance solar cells with capacities over 24 %


March 24, 2020

- 15 -

Cluster Tools for Semiconductor Industry

Reliable, repeatable and precise control down to atomic layers

Vacuum Deposition Technology

• 200 mm and 300 mm wafer

• All common SEMI-Standards

• Up to 12 PVD cathodes

• Co-sputtering & DC/RF-sputtering

• Ultra-high vacuum (<10-8 Torr)

• Competitive cost-of-ownership and target

lifetime

From Spintronics to a wider range of

applications

• Technological leadership in magnetic

heterostructures, such as MRAM, Thin-

Film-Heads, magnetic Sensors and

integrated Inductors

• Growth potential in applying Singulus

cluster tools in MEMS, Packaging, RF-

Filter, LED, Power Electronics


March 24, 2020

- 16 -

Specialist for Cleaning, Etching & Drying

• Manual and Semi-Automated Wet Process Stations

for 6”, 8” / 200 mm wafer size

• Fully-Automated Wet Process Stations

• Total Metal Free Working

• Growth potential in a wide range of applications

Wet Processing System for Electronics & Semiconductor


March 24, 2020

- 17 -

MEDLINE

Production System for Medical Technology

Applications for Medical Technology

• Washing and pre-cleaning

• Cleaning & Etching

• Ultra- or megasonic cleaning

• Surface conditioning & modification

• Vacuum Coating & Electrochemical etching


March 24, 2020

- 18 -

DECOLINE II

Production System for 3-Dimensional Coating

Advanced Surface Coating

• Green Metallizing

• Sustainable Process

• 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


March 24, 2020

- 19 -

Decorative Coating with POLYCOATER

Inline Sputtering System

Advanced Surface Coating

• Green Metallizing

• Sustainable Process

• Brilliant layers on 3-dimensional parts &

individual design Inline metallization

• Fully automated processing & high productivity

and flexibility

• Low cost of ownership & environment-friendly


March 24, 2020

- 20 -

SINGULUS TECHNOLOGIES Uncertainties Concerning

Corona COVID-19 Pandemic

Risks• Travel ban was just extended

• Production limited due to supply chain disruptions

• Short time work

• Delayed ordering because partial shutdowns effect customers

Bright spots• Containment of virus in China

• Resumption of production in China

• Global easing of restrictions

• Central banks provide a lot liquidity

However, it is currently not possible for the company to conclusively assess the implications and

effects on the business. Management closely monitors the situation in order to be able to implement

necessary countermeasures.


March 24, 2020

- 21 -

Objectives in 2020

Semi-

conductor

Solar

Life

Science

Solar • Extend leadership in CIGS

• Establishment of further production systems for Heterojunction solar cells

Semiconductor • Maintain leading position in magnetic films, e.g. Magnetic Sensors, MRAM

• Expand presence in production environment

• Grow into additional applications such as Inductors, MEMS, RF-Filters, LED, Power Electronics

• Grow market share for wet cleaning, etching and drying in semiconductor and electronics

industry

Life Science Medical Technology

• Addressing of new applications/costumers for production system for medical technology

Decorative Coatings

• Intensive marketing of the existing machine platform for cosmetics, consumer goods & automotive

New Applications

• Introduction of sputtering & wet processing equipment for new applications/markets

Recovery of order intake and increase in sales and earnings influenced by the Corona COVID-19 Pandemic


March 24, 2020

- 22 -

Contact

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.


Hanauer Landstrasse 103

D-63796 Kahl/Main

Dr.-Ing. Stefan Rinck, President and CEO

[email protected]

Markus Ehret, CFO

[email protected]

Dr. rer. nat. Christian Strahberger, COO

[email protected]

Maren Schuster, Head of Investor Relations

Tel: +49-6188-440-1612

[email protected]

Bernhard Krause, Communications Worldwide

Tel: +49-6181-9828020

[email protected]

Documents

First Quarter 2020 May 12, 2020 · 2020-05-12 · SINGULUS TECHNOLOGIES AG March 24, 2020 - 3 - Financial Key Figures in million € Q1-2019 Q1-2020 Revenues 20.8 10.9 Order Intake