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About SUSS MicroTec

SUSS MicroTec is a supplier of equipment and process solutions for microstructuring applications. The company's solution portfolio covers performance relevant steps for wafer processing ranging from coating, baking, developing, aligning to wafer bonding as well as photomask cleaning equipment. The production of memory chips, cameras for mobile phones or tire pressure sensors Â- the equipment solutions of SUSS MicroTec are applied within a range of manufacturing processes for applications of daily or industrial use.

SUSS MicroTec Headquarters Location

Schleissheimer Street 90

Garching, 85748,

Germany

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Latest SUSS MicroTec News

DGAP-News: SUSS MicroTec: Order Entry up by over 50% in the first half of the year; revenue and earnings growth continues

Aug 4, 2022

A DGAP-News: SÜSS MicroTec SE / Key word(s): Half Year Report SUSS MicroTec: Order Entry up by over 50% in the first half of the year; revenue and earnings growth continues 04.08.2022 / 07:51 The issuer is solely responsible for the content of this announcement. SUSS MicroTec: Order Entry up by over 50% in the first half of the year; revenue and earnings growth continues Anzeige Basiswert    Supply chain constraints continue to compress revenue in the second quarter    Several systems already delivered to customers, but revenue not yet recognized    2022 revenue and earnings forecast confirmed   Garching, Germany, August 4, 2022 SUSS MicroTec SE, a leading manufacturer of system and process solutions for the semiconductor industry and related markets, published its Interim Report for the first six months of the 2022 fiscal year today. Strong demand for SUSS MicroTec system and process solutions has continued in the second quarter of 2022. Between April and June 2022, order entry has totaled EUR 113.3 million (prior year quarter: EUR 72.1 million). This results in a total EUR 230.9 million order entry for the first half of 2022, 51.1% higher than the previous years value (first half of 2021: EUR 152.8 million). Following this high order entry, total order backlog has also increased to EUR 257.0 million as of June 30, 2022. We are experiencing a robust and sustained order growth, as we not only participate in the market growth in the various industry sectors and regions, but we have also been able to gain market share by winning a number of new customers, said CEO Dr. Goetz M. Bendele. In the first six months of the current fiscal year, revenue has grown by 5.3% to EUR 124.8 million (prior year: EUR 118.5 million). In the second quarter of 2022, revenue totaled EUR 61.5 million, 6.6% lower than the previous years figure of EUR 65.8 million. This development is closely related to the ongoing material shortages, which have led to delays in revenue recognition and, to a lesser extent, also in the completion and delivery of individual systems. As of the reporting date, inventory reserves included nearly completed systems valued approximately EUR 24 million, with only individual supplier parts missing. Of this amount, approximately EUR 14 million relate to systems and upgrades which had already been delivered to our customers. On the other hand, revenue in the Micro-Optics segment has increased by 52% in the second quarter to EUR 11.1 million (prior year: EUR 7.3 million), and by 56% in the first half of the year to EUR 21.7 million (prior year: EUR 13.9 million). EBIT for the first half of the year has totaled EUR 5.1 million (prior year: EUR 8.0 million), or an EBIT margin of 4.1% (prior year: 6.8%). The currently lower EBIT is due, among other things, to an increase in research and development investment, as well as higher overhead costs related to the ongoing business growth. EBIT for the second quarter of 2022 totaled EUR 3.0 million (prior year: EUR 6.6 million), or an EBIT margin of 4.9% (prior year: 10.0%). By contrast, EBIT in the Micro-Optics segment has increased in the first half of the year to EUR 1.4 million (prior year: EUR 0.8 million), and the EBIT margin increased to 6.5% (prior year: 5.6%). The revenue and earnings growth in the Micro-Optics segment is particularly gratifying. As in the opening quarter, we have observed both a significant increase in deliveries of microlens arrays for automotive headlights and a sustained production yield improvement, added CFO Oliver Albrecht. Free cash flow, at EUR 6.1 million for the first six months, was higher than the previous years figure of EUR 2.0 million, despite a further increase in working capital in the first half of the year. The net cash position improved from EUR 33.8 million as of December 31, 2021, to EUR 35.6 million as of June 30, 2022. In the second quarter, SÜSS MicroTec SE has paid out a dividend for the first time, amounting to EUR 0.16 per dividend-bearing share for the 2021 fiscal year. Outlook The current supply bottlenecks have already slowed our sales growth in the first half of 2022 and will also lead to delays in deliveries and income recognition in the second half of the year. The uncertainties and indirect pressure that results from the war between Russia and Ukraine add to this. Considering the once again very high order entry and the high inventory of finished and, in part, already delivered systems in our inventories, we expect SUSS MicroTec to continue its growth trajectory as planned in the current year, said COO Dr. Thomas Rohe. Despite the challenging environment, SUSS MicroTec expects sales of between EUR 270 million and EUR 300 million as well as an EBIT margin between 8.5% and 10.5% in 2022. As in the previous year, revenue will likely be significantly higher in the second half than in the first half of the year.

SUSS MicroTec Acquisitions

2 Acquisitions

SUSS MicroTec acquired 2 companies. Their latest acquisition was Meyer Burger Technology - Inkjet Printer Division on December 20, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/20/2019

$99M

Acquired Unit

1

3/12/2012

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$99M

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0

Date

12/20/2019

3/12/2012

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired Unit

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Sources

1

0

SUSS MicroTec Partners & Customers

10 Partners and customers

SUSS MicroTec has 10 strategic partners and customers. SUSS MicroTec recently partnered with SET on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/11/2021

Partner

France

S MicroTec publishes quarterly report: record order entry, profit and revenue growing in Q3 2021

As part of this partnership , SUSS MicroTec and SET Corporation together will develop and deliver a fully automated , customizable , sequential die-to-wafer hybrid bonding equipment solution to customers .

1

9/1/2021

Partner

France

DGAP-News: SÜSS MicroTec SE / Key word(s): Alliance.

Partnership between SUSS MicroTec and SET Corporation SA to develop a combined equipment solution for 3D chip integration .

2

9/9/2020

Licensor

Germany

SUSS MicroTec and DELO team up on imprint lithography

SUSS MicroTec and DELO team up on imprint lithography

2

12/3/2019

Partner

United States

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10

11/28/2016

Distributor

Japan

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10

Date

11/11/2021

9/1/2021

9/9/2020

12/3/2019

11/28/2016

Type

Partner

Partner

Licensor

Partner

Distributor

Business Partner

Country

France

France

Germany

United States

Japan

News Snippet

S MicroTec publishes quarterly report: record order entry, profit and revenue growing in Q3 2021

As part of this partnership , SUSS MicroTec and SET Corporation together will develop and deliver a fully automated , customizable , sequential die-to-wafer hybrid bonding equipment solution to customers .

DGAP-News: SÜSS MicroTec SE / Key word(s): Alliance.

Partnership between SUSS MicroTec and SET Corporation SA to develop a combined equipment solution for 3D chip integration .

SUSS MicroTec and DELO team up on imprint lithography

SUSS MicroTec and DELO team up on imprint lithography

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Sources

1

2

2

10

10

SUSS MicroTec Team

7 Team Members

SUSS MicroTec has 7 team members, including former Chief Executive Officer, President, Frank P. Averdung.

Name

Work History

Title

Status

Frank P. Averdung

Chief Executive Officer, President

Former

Peo Hansson

Veeco, ASM International, and Applied Materials

Chief Executive Officer, President

Former

Wilma Koolen

Chief Executive Officer

Former

Franz Richte

Chief Executive Officer

Former

Stephen Kay

President

Former

Name

Frank P. Averdung

Peo Hansson

Wilma Koolen

Franz Richte

Stephen Kay

Work History

Veeco, ASM International, and Applied Materials

Title

Chief Executive Officer, President

Chief Executive Officer, President

Chief Executive Officer

Chief Executive Officer

President

Status

Former

Former

Former

Former

Former

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