SINGULUS TECHNOLOGIES SINGULUS TECHNOLOGIES AG

Transcription

1 SINGULUS TECHNOLOGIES May 2018

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

3 1851 History SINGULUS TECHNOLOGIES May Ernst Leybold started his business in Cologne Company building 1860 LEYBOLD HERAEUS Vacuum Technology, Metallurgy and Coating Foundation SINGULUS TECHNOLOGIES Merger LEYBOLD / BALZERS Unicorn Pharmacy was founded 1600 in Hanau W.C. Heraeus took over business in 1851 and started with platinum

4 Process Overview SINGULUS TECHNOLOGIES May THIN FILM DEPOSITION SURFACE ENGINEERING THERMAL PROCESSING Thin Film Deposition - Sputter deposition (DC, RF, MF, Bipolar, pulsed) - Evaporation (thermal evaporation) - CVD - PECVD (ICP, µ-wave) - AACVD (aerosol assisted CVD) SURFACE ENGINEERING - Embossing, imprint nano lithography - Injection molding - Functionalization - Oxidation - Plasma cleaning & etching - Lacquering & bonding Thermal Processing - Rapid thermal processing - Conditioning - Annealing WET CHEMICAL Wet Chemical - Cleaning/washing - Etching/polishing - Texturing - Conditioning - Chemical bath deposition - Developing

5 Target Areas SINGULUS TECHNOLOGIES May

6 Worldwide Connected, Close to the Markets, Close to the Customer Base May 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

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

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

9 kwh/(m^2 a) Sun Radiation World Wide May

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

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

12 PV Today and in Future Different Calculated Scenarios May Source: VDMA/ITRPV Study 2018

13 SINGULUS TECHNOLOGIES is Active in both: Crystalline Solar & CIGS Thin Film Solar May 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

14 SINGULUS TECHNOLOGIES Provides Key Productions Steps May

15 SILEX II Wet Processing System for Heterojunction Solar Cells May 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

16 LINEX Inline Wet Process Equipment with 10 Lanes May Features High throughput performance up to wph Integration of ozone High uptime up to 98 High throughput and best performance Low cost of ownership Low breakage rate down to 0.05 % Best footprint

17 GENERIS PVD Inline Sputtering System for Heterojunction and TOPCon Solar Cells May 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

18 GENERIS PECVD Inline System for High Performance Solar Cells May 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 5200 wafer/h throughput = current best of class

19 Total Announcements for CIGS in China May 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

20 CNBM Announced Steps of Investment for 6 GW May 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

21 SINGULUS TECHNOLOGIES Provides all Key Production Steps for a CIGS Fab May Precursor > Sputtering Scribing P1 > Laser 3 4 Selen Evaporation > Thermal evaporation Si barrier layer & Mo Back Contact >Sputtering 5 Selenezation/ Sulphurization > CISARIS Oven 1 Automation Substrate Inspection Glass Washing > Wet cleaning 2 Interconnect and Encapsulation >Lamination Scribing P3 >Mechanical > Laser CIS/CIGS 7 Front Contact >Sputtering 6 Scribing P2 >Mechanical >Laser 6 InS & izno > Evaporation, Sputtering CdS or. alt. buffer Deposition >Buffer Layer Deposition

22 Innovative Large Sputtering Systems for CIGS Thin Film Modules May 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

23 CISARIS Selenization - Innovative Production Equipment for CIGS Manufacturing May 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)

24 New Product Innovation During the Last years May Optical Disc Skyline Spaceline Bluline I Bluline II BLULINE III c-si IBC, PERC/PERT, HJT Linea I Singular Solare Silex II LINEX GENERIS PVD Solar Thin-film CdTe CIGS CIGS Pilot Line Cisaris Vistaris 900 Tenuis II Vitrum II Helioscoater SELENIUS Vistaris1600 New Sputtering system for CIGS Semiconductor Timaris I Timaris II Rotaris TIMARIS III New Business Decoline II POLYCOATER MEDLINE

25 TIMARIS Nano Deposition System May Ultra high vacuum: Thinnest Layer: Uniformity: 5*10-9 mbar < 3 Å 0.5 % 1

26 Modular Deposition Platform for new Applications May 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 DECOLINE II 3-Dimensional Coating Further System sold to Automotive Industry May Advanced Inline Surface Coating Solutions 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

28 Decorative Coating with POLYCOATER Inline Sputtering System May 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

29 Strategically Important Entry into Market for Medical Technology May 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)

30 Wet Processing Systems for Medical Technology May Washing and pre-cleaning Cleaning Ultra- or megasonic cleaning Surface conditioning Etching Surface modification Coating Electrochemical etching

31 Vacuum Deposition Systems for Medical Technology May Antibacterial coatings Dense barrier & gradient layers Antireflection coatings, hard coatings & clean coatings Adhesion promoting layers Plasma functionalization Plasma cleaning, plasma sterilization Decorative coatings

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

33 Financial Key Figures May 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

34 Profit & Loss Statement May 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)

35 Balance Sheet May 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

36 Cash Flow Development May 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

37 Employees May Dec March 2018 Δ SINGULUS Group Domestic Abroad

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

39 Sales Split by Region May 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%

40 Shareholder Structure as of May 15, 2018 May 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 %

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

42 Outlook Key Takeaways May 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 %

43 Contact May 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