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SINGULUS
TECHNOLOGIES
November 9, 2017SINGULUS TECHNOLOGIES AG - Figures 9 Month 2017
SINGULUS TECHNOLOGIES AG
November 09, 2017- 2 -
Agenda
1 Overview
2 Financials
3 SINGULUS TECHNOLOGIES Segments & New Business Areas
4 SINGULUS TECHNOLOGIES Outlook
SINGULUS TECHNOLOGIES AG
November 09, 2017- 3 -
SINGULUS TECHNOLOGIES
- Innovative Technology
THIN FILM
DEPOSITION
SURFACE
ENGINEERINGTHERMAL
PROCESSING
WET
CHEMICAL
SINGULUS TECHNOLOGIES AG
November 09, 2017- 4 -
Agenda
1
2
Overview
3 SINGULUS TECHNOLOGIES Segments & New Business Areas
4 SINGULUS TECHNOLOGIES Outlook
Financials
SINGULUS TECHNOLOGIES AG
November 09, 2017- 5 -
Financial Overview 9 Months 2017
in million €
9 Months
2016
9 Months
2017
Revenues 36.7 63.6
Order Intake 144.1 53.4
Order Backlog (30.09.) 134.0 99.7
EBIT -14.8 0.4
EBITDA -13.0 1.8
Result before Tax 23.6 -1.0
Result for the Period 23.4 -1.1
Operating Cash Flow 11.6 -18.2
SINGULUS TECHNOLOGIES AG
November 09, 2017- 6 -
Profit & Loss Statement 9 Months 2017
in million €
9 Months
2016
9 Months
2017
Gross Revenue 36.7 63.6
Net Revenue 35.9 62.7
Gross Profit
(in % of Net Revenues)
5.8
(16.2%)
18.6
(29.7%)
OPEX (Total) -20.6 -18.2
- R & D
- Sales & Customer Service
- GM & A
- Other Income/Expenses
- Impairment & Restructuring
-5.6
-8.9
-6.3
0.7
-0.5
-4.0
-8.7
-7.0
1.5
0.0
EBIT -14.8 0.4
Result for the Period 23.4 -1.1
EPS basic (in €) 10.07 -0.14
SINGULUS TECHNOLOGIES AG
November 09, 2017- 7 -
Financial Overview Q3 2017
in million € Q3 2016 Q3 2017
Revenues 12.1 15.3
Order Intake 12.6 27.3
Order Backlog (as of 30.09.) 134.0 99.7
EBIT -5.5 -2.1
EBITDA -4.8 -1.7
Result before Tax -5.7 -2.7
Result for the Period -5.8 -2.8
Operating Cash Flow 16.6 -3.1
SINGULUS TECHNOLOGIES AG
November 09, 2017- 8 -
Profit & Loss Statement Q3 2017
in million € Q3 2016 Q3 2017
Gross Revenue 12.1 15.3
Net Revenue 11.7 15.0
Gross Profit
(in % of Net Revenues)
1.6
(13.7%)
4.3
(28.7%)
OPEX (Total) -7.1 -6.4
- R & D
- Sales & Customer Service
- GM & A
- Other Income/Expenses
- Impairment & Restructuring
-1.9
-3.1
-1.9
0.3
-0.5
-1.4
-3.3
-2.9
1.2
0.0
EBIT -5.5 -2.1
Result for the Period -5.8 -2.8
EPS basic (in €) -1.74 -0.35
SINGULUS TECHNOLOGIES AG
November 09, 2017- 9 -
Cash Flow Development
in million €
9 Months
2016
9 Months
2017
Cash Flow from Operating Activities 11.6 -18.2
Cash Flow from Investing Activities -0.7 -1.7
Cash Flow from Financing Activities -2.4 20.9
Total Cash Flow 8.5 1.0
Cash and Cash Equivalents at the
Beginning of the Period 19.0 18.5
Effect of Exchange Rate Changes 0.0 -0.4
Cash and Cash Equivalents at the End
of the Period 27.5 19.1
SINGULUS TECHNOLOGIES AG
November 09, 2017- 10 -
Balance Sheet
in million € 31.12.2016 30.09.2017
Cash and Cash Equivalents 18.5 19.1
Restricted Cash 21.0 3.5
Total Current Receivables and other
Assets
18.6 16.1
Total Inventories 22.0 20.4
Total Non-Current Assets 15.0 15.3
Total Assets 95.1 74.4
Total Current Liabilities 53.7 34.7
Total Non-Current Liabilities 28.1 27.8
Total Equity 13.3 11.9
Equity and Liabilities 95.1 74.4
SINGULUS TECHNOLOGIES AG
November 09, 2017- 11 -
Employees
Dec. 2016 9 Months 2017 Δ
SINGULUS Group 318 313 -5
Domestic 278 275 -3
Abroad 40 38 -2
SINGULUS TECHNOLOGIES AG
November 09, 2017- 12 -
Sales Split by Products & Region
Products per 9 Month 2017
Optical Disc
20.0%
Solar
70.8%
Semiconductor
9.2%
1st Half Year 2014
Asia
62.3%
Europe
15.1%
Africa & Australia
0.6%
Americas
22.0%
Region per 9 Month 2017
SINGULUS TECHNOLOGIES AG
November 09, 2017- 13 -
Agenda
Overview
SINGULUS TECHNOLOGIES Outlook
1
2
3
4
SINGULUS TECHNOLOGIES Segments & New Business Areas
Financials
SINGULUS TECHNOLOGIES AG
November 09, 2017- 14 -
Total Capacity Forecast Crystalline & Thin Film
0
20000
40000
60000
80000
100000
120000
140000
2016 2017 2018 2019 2020
Cap
acity
(MW
)
Source: 2017 IHS Markit
• Annualized PV manufacturing capacity is forecast to grow from around
94 GW in 2016 to over 99 GW in 2017
SINGULUS TECHNOLOGIES AG
November 09, 2017- 15 -
Start of CIGS Production Facility at City of
Bengbu, Province Anhui, October 2017
Fab 4:
City of Bengbu,
Province Anhui
Grand opening
SINGULUS currently ramps up production equipment in Fab. 4
SINGULUS TECHNOLOGIES AG
November 09, 2017- 16 -
CNBM – Announced Steps of Investment for 6 GW
Fab 4:
City of Bengbu,
Province Anhiu
Fab 5:
City of Wuxi,
Area Jiangyin,
Province
Jiangsu
Fab 6:
City of Meishan,
Province Sichuan
Fab 7:
City of Quinhuangdao,
Province Hebei
Already contracted:
Order for 1st step for each Fab:
5 CISARIS
2 VISTARIS
2 SELENIUS
Fab 4 and Fab 5
Bottleneck of 150 MW:
5 CISARIS still missing in each
fab to reach final output
1st step
300 MW
1st step
300 MW
SINGULUS TECHNOLOGIES AG
November 09, 2017- 17 -
Groundbreakings CIGS - GW Projects in China
Fab 5:
City of Wuxi, Area:
Jiangyin,
Province Jiangsu
SINGULUS TECHNOLOGIES AG
November 09, 2017- 18 -
Groundbreakings CIGS - GW Projects in China
Fab 6 & Fab 7
Fab 7:
City of Quinhuangdao,
Province Hebei
Fab 6:
City of Meishan,
Province Sichuan
SINGULUS TECHNOLOGIES AG
November 09, 2017- 19 -
Total Announcements for CIGS in China
1.5 GW
1.5 GW
1.5 GW
1.5 GW
Investments for CIGS in
China:
+ CNBM 4 Fabs:
Announcements from
CNBM for Investments for
6 GW CIGS-Solar
+ Hanergy
+ Manz/Shanghai Electric
44 MW
300 MW
300 MW
300 MW
300 MW
600 MW
SINGULUS TECHNOLOGIES AG
November 09, 2017- 20 -
Test
incoming
wafer
Cleaning and
Texturing
(Wet
Chemical)
A-Si:H
Frontside
Deposition
(PECVD)
A-Si:H
Backside
Deposition
(PECVD)
TCO Front &
Backside
Deposition
(PVD)
Testing and
Sorting
Metallization
(Screen
Printing &
Annealing)
Selected Key Process- and Equipment Steps at
the Heterjunction Solar Cells Process
▲ SILEX II CLEANTEX
Cleaning and Texturing
GENERIS PVD
TCO Front & Backside ▼
SINGULUS TECHNOLOGIES AG
November 09, 2017- 21 -
Heterojunction Projects
HJT
HJT
HJT HJT
• Growing market – expected to become about 20 GW in the coming years
• SINGULUS delivered systems to Switzerland, USA, Russia, China
• Working on new orders/projects in USA, Europe, China
• New sputtering systems introduced/working on new PECVD system
• Cooperation & Joint Venture with GCL
HJT
SINGULUS TECHNOLOGIES AG
November 09, 2017- 22 -
SINGULUS TECHNOLOGIES Signed Agreement to
Establish a Joint Venture with GCL and CIE
• Joint venture with the Chinese companies Golden Concord Holdings Limited (GCL) and
China Intellectual Electric Power Technology Co.,Ltd. (CIE)
• GCL is one of the world’s largest companies in the solar industry
• CIE has specialized in the development of heterojunction solar cells
• The market for HJT will be estimated at over 20 GW per year
• The aim of the joint venture is to develop, to optimize, to build and to sell complete
production lines
• The function of CIE and GCL is to provide process know how
• SINGULUS TECHNOLOGIES will acquire more than one third in the Chinese-owned joint
venture and will be responsible for its competence in mechanical engineering
SINGULUS TECHNOLOGIES AG
November 09, 2017- 23 -
Diversification is Important
Markets
SINGULUS TECHNOLOGIES AG
November 09, 2017- 24 -
New Product Innovation During the Last years
Cisaris
Vistaris 900
Tenuis II
Vitrum II
CIGS Pilot Line
Linea I
c-Si
IBC,
PERC/PERT,
HJT
Thin-film
CdTe
CIGS
Semi-
conductor
Solar
2002 2006 2008 2009 2010 2011 2012 2013 201519971996 2014
Singular
Solare
Helioscoater
Rotaris
Timaris IITimaris I
Vistaris1600
Optical
Disc
Skyline
Spaceline
Bluline IBLULINE III
Bluline II
Decoline IINew
Business
2016
SELENIUS
Silex II LINEX
GENERIS PVD
POLYCOATER
2017
TIMARIS III
New Sputtering system
for CIGS
2018
MEDLINE
SINGULUS TECHNOLOGIES AG
November 09, 2017- 25 -
Decorative Coating with POLYCOATER
Inline Sputtering System
Advanced Vacuum Coating Applications
• Two Systems sold
• Brilliant layers on 3-dimensional parts & individual design Inline
metallization
• Fully automated processing & high productivity and flexibility
• Low cost of ownership & environment-friendly
SINGULUS TECHNOLOGIES AG
November 09, 2017- 26 -
SINGULUS TECHNOLOGIES
3-Dimensional Coating
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
SINGULUS TECHNOLOGIES AG
November 09, 2017- 27 -
Strategically Important Entry into Market for
Medical Technology
• 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)
SINGULUS TECHNOLOGIES AG
November 09, 2017- 28 -
Wet Processing Systems for Medical Technology
• Washing and pre-cleaning
• Cleaning
• Ultra- or megasonic cleaning
• Surface conditioning
• Etching
• Surface modification
• Coating
• Electrochemical etching
SINGULUS TECHNOLOGIES AG
November 09, 2017- 29 -
Vacuum Deposition Systems for Medical
Technology
• Antibacterial coatings
• Dense barrier & gradient layers
• Antireflection coatings, hard coatings & clean coatings
• Adhesion promoting layers
• Plasma functionalization
• Plasma cleaning, plasma sterilization
• Decorative coatings
SINGULUS TECHNOLOGIES AG
November 09, 2017- 30 -
Agenda
1
2
Overview
3
Financials
4
SINGULUS TECHNOLOGIES Segments & New Business Areas
SINGULUS TECHNOLOGIES Outlook
SINGULUS TECHNOLOGIES AG
November 09, 2017- 31 -
Forecast 2017
Year 2017
Sales Revenues in a range of € 90 to 100 million
EBIT Operating result for 2017 of between € + 2 million
and € - 3 million expected
SINGULUS TECHNOLOGIES AG
November 09, 2017- 32 -
Contact
SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
D-63796 Kahl/Main
Dr.-Ing. Stefan Rinck, President and CEO
Tel: +49-6188-440-109
Stefan.Rinck@singulus.de
Markus Ehret, CFO
Tel: +49-6188-440-204Markus.Ehret@singulus.de
Maren Schuster, Head of Investor Relations
Tel: +49-6188-440-612
Maren.Schuster@singulus.de
Bernhard Krause, Communications Worldwide
Tel: +49-6181-9828020
Bernhard.Krause@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.
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