SINGULUS TECHNOLOGIES SINGULUS TECHNOLOGIES AG

Transcription

1 SINGULUS TECHNOLOGIES Q1-2018

2 Agenda Q Overview 2 Financials 3 SINGULUS TECHNOLOGIES Segments & New Business Areas 4 SINGULUS TECHNOLOGIES Outlook

3 Worldwide Connected, Close to the Markets, Close to the Customer Base Q SINGULUS TECHNOLOGIES Subsidiaries & Agents Worldwide Photovoltaic: Over MW production capacity Headquarter Kahl am Main, Germany Production Site Fürstenfeldbruck (Munich), Germany Optical Disc: Over systems sold France Sausheim China Guangzhou China Shanghai Taiwan Taipeih Medical Technology: Market entry 2017 First order received Latin America Sao Paulo Asia Pacific Singapore Semiconductor: Over 180 systems installed Legend: Consumer Goods: New POLYCOATER orders received Subsidiaries/Sales & Services Headquarter Production Site Fürstenfeldbruck Agents

4 Agenda Q Overview 2 Financials 3 SINGULUS TECHNOLOGIES Segments & New Business Areas 4 SINGULUS TECHNOLOGIES Outlook

5 Financial Key Figures Q in million Q Q Revenues Order Intake Order Backlog (31.03.) EBIT EBITDA Result before Tax Net Result Operating Cash Flow Shareholders Equity Total Assets

6 Profit & Loss Statement Q in million Q Q Gross Revenue Net Revenue Gross Profit (in % of Net Revenues) 7.8 (30.1%) 4.6 (27.1%) - R&D - Sales & Customer Service - GM & A - Other Income/Expenses OPEX (Total) EBIT (in % of Net Revenue) 1.4 (5.4%) -1.6 (-9.4%) Net Result EPS (basic)

7 Balance Sheet Q in million Available Cash Restricted Cash Total Current Receivables and Other Assets Total Inventories Non Current Assets Total Assets Total Current Liabilities Total Non-Current Liabilities Total Equity Equity and Liabilities

8 Cash Flow Development Q in million Q Q Cash Flow from Operating Activities Cash Flow from Investing Activities Cash Flow from Financing Activities Total Cash Flow Liquid Funds at the Beginning of the Fiscal Year Effect of Exchange Rate Changes Liquid Funds at the End of the Fiscal Year

9 Employees Q Dec March 2018 Δ SINGULUS Group Domestic Abroad

10 Sales Split by Products Q Q Q Semiconductor 3.8 % Optical Disc 16.5 % Semiconductor 4.6 % Optical Disc 22.5 % Solar 79.7 % Solar 72.9 %

11 Sales Split by Region Q Q Q Africa & Australia 0.4 % Americas 12.6 % Europe 13.4 % Africa & Australia 0.6 % Americas 12.1 % Europe 45.7 % Asia 73.6 % Asia 41.6%

12 Shareholder Structure as of May 15, 2018 Q Free float % Familie Roland Lacher Vermögensverwaltung GmbH % Universal-Investment-Gesellschaft mit beschränkter Haftung 9.42 % FPM Funds SICAV Luxembourg 4.83 % Janus Henderson Group plc (TR European Growth Trust plc) 3.54 % IFM Independent Fund Management AG HANSAINVEST Hanseatische Investment- GmbH 3.09 % 3.02 % Potential acquisition of shares Triumph Science and Technology Group Company, LLC, a 100 % subsidiary of CNBM: 18.2 % IP Concept (Luxemburg) S.A % Total %

13 Agenda Q Overview 2 Financials 3 SINGULUS TECHNOLOGIES Segments & New Business Areas 4 SINGULUS TECHNOLOGIES Outlook

14 Energy Consumption per Person in kwh Q USA: kwh Europa: kwh China: kwh THEMAL PROCESSING Source: Bundeszentrale für politische Bildung 2016

15 PV Learning Curve PV Selling Price Decreases Further Q PV Learning Rate from 1976 to 2017 at 22.8 % Source: VDMA/ITRPV Study 2018

16 Energy Produced by PV is a Competitive Source in the Energy Mix Q Chile 37,8 USD/MWh 2018 Germany ~ 4.00 Eurocent/kWh 2018 Saudi Arabia Eurocent/kWh 2017 United Arab Emirates USD 0.03/kWh Source: Different Sources

17 PV Today and in Future Different Calculated Scenarios Q Source: VDMA/ITRPV Study 2018

18 SINGULUS TECHNOLOGIES is Active in both: Crystalline Solar & CIGS Thin Film Solar Q Crystalline Solar CIGS Thin Film High cell & module efficiency Easy process Advanced technology Production split on different locations Excellent stability Good low light performance Light soaking effect Reduced sensitivity to overheating Tolerance to shading & low intensity SINGULUS TECHNOLOGIES is market leader for CIGS production equipment

19 SILEX II Wet Processing System for Heterojunction Solar Cells Q Features High throughput performance up to 6.000wph High uptime up to 95% Low breakage rate down to 0.01% Individual, flexible process sequencing Ozone-enhanced cleaning and etching processes Short and stable IPA-free texturing process Appropriate and effective rinsing and drying

20 GENERIS PVD Inline Sputtering System for Heterojunction and TOPCon Solar Cells Q Features For transparent conductive oxide layers Parallel processing of several substrates (Si wafers) Low cost of ownership and high uptime Top down and bottom up sputtering configurable Sputter sequence configurable Full temperature control Rotatable cylindrical magnetrons for highest utilization of target material Single end and double end version selectable

21 GENERIS PECVD Inline System for High Performance Solar Cells Q Features Flexible tool with scalable throughput, number and sequence of process modules Complete PECVD sequence without vacuum interruption (only one machine) Rear passivation stack of AlOx and SiNy/Front side passivation and ARC Cost efficient straight forward solution for newly installed PERC fabs Chamber and tray design to minimize parasitic deposition uptime 92 % IC-PECVD guarantees mild coating process, no damage to emitter or interfaces Adaptable to future solar cell architectures like PERT, IBC TOPCon, POLO wafer/h throughput = current best of class

22 Total Announcements for CIGS in China Q Investments for CIGS in China: 44 MW 300 MW 1.5 GW 1.5 GW 300 MW 300 MW 300 MW 1.5 GW 600 MW + CNBM 4 Fabs: Announcements from CNBM for Investments for 6 GW CIGS-Solar + Hanergy 1.5 GW + Manz/Shanghai Electric 344 MW 1.5 GW SINGULUS TECHNOLOGIES CIGS production equipment for all projects

23 CNBM Announced Steps of Investment for 6 GW Q st step 300 MW 1 st step 300 MW 1 st step 300 MW in discussion 1 st step 300 MW in discussion City of Bengbu, Province Anhui City of Meishan, Province Sichuan City of Qinhuangdao, Province Hebei City of Wuxi, Province Jiangsu

24 Innovative Large Sputtering Systems for CIGS Thin Film Modules Q Features No carrier return system necessary Special designed carrier transport system Fully vertical substrate transport Load and Unload of substrate from the same side of the machine Usage of rotatable cylindrical magnetrons Highest utilization of target material Smallest machine footprint thru turn chamber technology

25 CISARIS Selenization - Innovative Production Equipment for CIGS Manufacturing Q Features Third generation inline selenisation furnace with optimized cycle time Rapid heating (up to ~ 4 C/s) of large glass substrates Uniform heating of large substrates up to 600 C Uniform cooling of substrates to avoid glass warpage Excellent temperature control (mean variation < 5 C)

26 Modular Deposition Platform for new Applications Q TIMARIS for MRAM production with its proven production technology 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

27 Decorative Coating with POLYCOATER Inline Sputtering System Q Advanced Vacuum Coating Applications In total four Systems sold (two integrated machines in DECOLINE II) Brilliant layers on 3-dimensional parts & individual design Inline metallization Fully automated processing & high productivity and flexibility Low cost of ownership & environment-friendly

28 Strategically Important Entry into Market for Medical Technology Q First order received R & D agreement with key customer High growth potential in medical area Global life science market will grow annually by almost six percent up until 2030, to reach a volume of USD 20 billion* OECD expects the health market to double in volume in OECD countries over the period 2010 to 2035, even quadrupling by 2060 *Source: German Federal Ministry of Economics and Technology (BMWi)

29 Agenda Q Overview 2 Financials 3 SINGULUS TECHNOLOGIES Segments & New Business Areas 4 SINGULUS TECHNOLOGIES Outlook

30 Outlook Key Takeaways Q Financials To achieve increase in revenue in 2018 as well 2019 Order backlog March 31, 2018 of million Order intake in Q 1 with a volume of 36.1 million EBIT for 2018 in mid single-digit range projected Solar New orders for CIGS signed New orders for HJT solar cells expected Successful market entry in 2017 in medical technology More orders expected in other segments Potential acquisition of shares Triumph Science and Technology Group Company, LLC, a 100 % subsidiary of CNBM: 18.2 %

31 Contact Q Hanauer Landstrasse 103 D Kahl/Main Dr.-Ing. Stefan Rinck, President and CEO Tel: Stefan.Rinck@singulus.de Markus Ehret, CFO Tel: Markus.Ehret@singulus.de Maren Schuster, Head of Investor Relations Tel: Maren.Schuster@singulus.de 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. Bernhard Krause, Communications Worldwide Tel: Bernhard.Krause@singulus.de