SINGULUS TECHNOLOGIES · CIGS Technology Compared to Crystalline High efficiencies (over 20% in the lab, over 13% in production mode) Limited number of handling steps No degradation

SINGULUS

TECHNOLOGIES

May 2014 SINGULUS TECHNOLOGIES AG – Company Overview

SINGULUS TECHNOLOGIES AG

May Q1 - 2014 - 2 -

Agenda

1 SINGULUS TECHNOLOGIES Fundamentals

2 Financials

3 Three Segments: Optical Disc, Solar, Semiconductor

4 SINGULUS TECHNOLOGIES Future


May Q1 - 2014 - 3 -

Milestones SINGULUS TECHNOLOGIES

Foundation

SINGULUS Technologies

1995 1996 1997 2001 2002 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

IPO

SINGULUS Technologies

Market Launch SPACELINE

for DVD

Start Optical Disc Business

with SKYLINE

Start of Semiconductor

Business

Delivery first BLULINE

Entry into PV Market

1st Delivery of SINGULAR

1st CISARIS Order

SOLARE contract and orders

for CIGS New Orders for

TIMARIS

Opening first SOLARE cell line

Opening

CIGS Pilot Line


May Q1 - 2014 - 4 -

Worldwide connected


May Q1 - 2014 - 5 -

Agenda


2 Financials




May Q1 - 2014 - 6 -

Financial Overview

million € Q1 2013 Q1 2014

Revenues 22.8 16.7

Order Intake 15.6 14.1

Order Backlog (as of 31.03.) 32.9 17.7

EBIT -4.9 -5.1

EBITDA -3.5 -3.8

Profit Before Tax -5.7 -5.9

Loss for the Period -5.9 -6.0

Operating Cash Flow -5.1 -7.5

Shareholders’ Equity 68.9 67.7

Equity Ratio (%) 36.0 37.7

Total Assets 191.4 179.6


May Q1 - 2014 - 7 -

Profit & Loss Statement

million € Q1 2013 Q1 2014

Gross Revenue 22.8 16.7

Net Revenue 22.7 16.7

Gross Profit

(in % of Net Revenues)

3.3

(14.5%)

3.9

(23.4%)

OPEX (Total) -8.2 -9.0

- R+D -1.6 -2.4

- Sales & Customer Service -4.0 -3.6

- GM & A -2.4 -2.6

- Other Income/Expenses -0.2 -0.4

EBIT -4.9 -5.1

Loss for the Period -5.9 -6.0

EPS (basic) -0.12 -0.12


May Q1 - 2014 - 8 -

Balance Sheet

million € Dec. 2013 March 2014

Cash and Cash Equivalents 51.0 37.0

Total Current Receivables and other Assets 45.0 44.4

Total Inventories 28.1 32.6

Non Current Assets 70.3 65.6

Total Assets 194.4 179.6

Total Current Liabilities 48.0 39.2

Total Non-Current Liabilities 72.6 72.7

Total Equity 73.8 67.7

Equity and Liabilities 194.4 179.6


May Q1 - 2014 - 9 -

Cashflow Development*

million € Q1 2013 Q1 2014

Cashflow from Operating Activities -5.1 -7.5

Cashflow from Investing Activities -1.3 -0.3

Cashflow from Financing Activities -5.5 -6.2

Total Cashflow -11.9 -14.0

Liquid funds at the Beginning of the Period 55.9 51.0

Effect of Exchange Rate Changes 0.1 0.0

Liquid funds at the End of the Period 44.1 37.0

* Includes Cashflow from time deposits with terms longer than 3 months


May Q1 - 2014 - 10 -

Dec. 2013 March 2014 Δ

SINGULUS Group 362 370 +8

Domestic 283 291 +8

Abroad 79 79 0

Employees


May Q1 - 2014 - 11 -

Sales Split by Products

Q1 2013 Q1 2014

Optical Disc

59.9% Solar

32.3%

Semiconductor

7.8%

Optical Disc

50.9% Solar

31.1%

Semiconductor

18.0%


May Q1 - 2014 - 12 -

Sales Split by Region

Q1 2013 Q1 2014

Asia

26.9%

Europe

38.4%

Africa & Australia

2.4%

Americas

32.3%

Asia

22.8%

Europe

25.9%

Africa & Australia

0.9%

Americas

50.4%


May Q1 - 2014 - 13 -

Agenda


2 Financials




May Q1 - 2014 - 14 -

SINGULUS TECHNOLOGIES AG - OPTICAL DISC

Optical

Disc

Solar

Semi-

Conductor

Mastering, Molding and Replication for all Disc Formats CD – DVD – Blu-ray:

• Total 8,530 systems sold worldwide

• SINGULUS is world wide Market Leader

• Over 220 Blu-ray systems installed base

• Excellent equipment performance

• Ready for 100 GB Blu-ray


May Q1 - 2014 - 16 -

Revenue Exploitation of Movies

Box Office(abroad)

DVD & Blu-ray

Pay TV

Download

Free TV

Time

Box Office

(domestic)

Reven

ue

Blu-ray Disc


May Q1 - 2014 - 17 -

Blu-ray Disc –

A Format with Growth Potential

Mln. Discs

Global Blu-ray Disc Production

Source: Futuresource, 11/2013


May Q1 - 2014 - 18 -

Blu-ray with 100 GB Storage Capacity for

Ultra High Definition Technology

Cover layer

57 µm

Reflecting layer

30 nm

Reflecting layer

30 nm

Reflecting layer

35 nm

3. Spacer layer 33 GB

18 µm

1. Storage layer 33 GB

1.1 mm polycarbonate disc

2. Spacer layer 33 GB

25 µm


May Q1 - 2014 - 19 -

BLULINE III for Triple Layer Blu-ray

with 100 GB Storage Capacity


May Q1 - 2014 - 20 -

Facebook likes Blu-ray:

• Facebook has built a storage system with up to 10,000 Blu-ray discs for a

petabyte of data

• The Blu-ray system reduces costs by 50 % and energy use by 80 %

• Blu-ray discs are a great option because they are cheaper than hard discs


May Q1 - 2014 - 21 -

SINGULUS TECHNOLOGIES AG - SOLAR

Optical

Disc

Solar

Semi-

Conductor

Innovations for New Technologies:

• Thin-film Vacuum Coating Applications (Sputtering and Co-Evaporation)

• Thin-film Thermal Treatment (Selenisation and Sulphurisation)

• Wet Process Applications for Crystalline- and Thin-film Cells

• Advanced PECVD Anti Reflective Coating for Crystalline Cell Applications

• Systems Business


May Q1 - 2014 - 22 -

Sun Belt Countries with a Strong Solar Irradiation

• Large parts of the world reaching grid parity

• Cost reduction of cells and modules will drive photovoltaic

• PV will be one of the most economic energy sources


May Q1 - 2014 - 23 -

Annualized PV Manufacturing Capacity

Source: NPD Solarbuzz 2014

• PV Equipment spending will grow from US $ 1.73 bn. in 2013 to

US $ 2.76 bn. in 2014, (*expected)


May Q1 - 2014 - 24 -

SOLARE

Integrated Manufacturing Line for Crystalline Cells


May Q1 - 2014 - 25 -

New Production Line for Crystalline Solar Cells

Visited by UN Secretary General Ban Ki-moon


May Q1 - 2014 - 26 -

PERCEUS - Upgrade Package for PERC Cells

• First PERC system delivered

• Further system will be shipped in Q 2

• New PERC results show performance

up to 21.2% (confirmed by ISE CalLab)


May Q1 - 2014 - 27 -

CIGS Technology Compared to Crystalline

High efficiencies (over 20% in the lab, over 13% in production mode)

Limited number of handling steps

No degradation of cell performance long term stability

Aesthetic module design, branding of proprietary module technology

Light Soaking Effect

Following an initial period of exposure to sunlight, the CIS light soaking effect will result in higher output than specified

Shorter Energy payback Higher output ratio

• Compared to polycrystalline silicon technology, consistently higher output ratio

for CIS modules (for every installed kilowatt-peak)

• Shorter Energy Payback: CIS modules require 60% less

energy to produce than crystalline silicon


May Q1 - 2014 - 28 -

Typical CIGS Cell Structure

Functionality of the Cell Components/Layers

ZnO:Al transparent conducting oxide layer (to

collect and move electrons out of the cell

while absorbing as little light as possible)

i-ZnO Front contact layer (electric isolation)

CdS Buffer layer (Band alignment, absorber

protection)

CIGSSe Absorber (generation of electrons)

Mo Back electrode (reflect most un-absorbed

light back into the absorber)

Encapsulant (EVA/PVB)

TCO (ZnO:Al) 1,0 µm

↓ sunny side (up) ↓

Substrate Glass 3 mm

Mo Metal Back Contact 0,5 µm

Cu (In, Ga) Se2 2,0 µm

CdS alt. ZnS 0,03 µm

Cover Glass 3 mm

• Proven CIGS technology with partners


May Q1 - 2014 - 29 -

PTiP Opened CIGS Pilot Production Line


May Q1 - 2014 - 30 -

SINGULUS offers the Key Production Steps and

is a Key Player in CIGS Technology

Selenisation

Evaporation

Sputtering

Wet Chemical Cleaning Buffer Layer Deposition


May Q1 - 2014 - 31 -

SINGULUS TECHNOLOGIES AG -

SEMICONDUCTOR

Optical

Disc

Solar

Semi-

Conductor

Advanced Vacuum Coating applications for MRAM, Thin-film Heads and

Sensors

• TIMARIS is the only market-ready machine for MRAM production

• Excellent prospects for further growth in applications like sensors

• Modular platform for new applications

• Ready for 450 mm technology


May Q1 - 2014 - 32 -

Applications:

• MRAM semiconductor

• Read/Write elements for hard disc drives

• Sensor applications for automotive

• Sensor applications for medical

• Phase change material deposition

• Inductors on chip

Innovative Technology in Nano Coating

• More applications lead to an increased demand

• Excellent market position

• Global market for MRAM poised for explosive growth

• New MRAM production machine in development for large production capacity


May Q1 - 2014 - 33 -

PVD Cluster Tool Platforms


May Q1 - 2014 - 34 -

TIMARIS High Volume Strategy

• High Throughput Tool Configuration for 300 mm wafer processing for

MRAM production


May Q1 - 2014 - 35 -

MRAM Market Just Starting to Take off…

Source: Yole Development

• Excellent starting position for MRAM mass production

0

500

1000

1500

2000

2500

2012 2013 2014 2015 2016 2017 2018

in M$


May Q1 - 2014 - 36 -

Agenda


2 Financials




May Q1 - 2014 - 37 -

Innovative Technology


May Q1 - 2014 - 38 -

SINGULUS’ Goal: Deliver Growth in the Future

• Clear vision defined for the three key segments

Optical Disc segment delivering considerable income based on market

leadership and the introduction of new Blu-ray formats

Participation in the Solar market upswing with state of the art equipment, first

deliveries for PERC upgrades and large CIGS projects

Well positioned with machines in the Semiconductor segment

• Clear R & D roadmap to expand in new areas

• An acquisition related to vacuum coating technology is the objective for external

growth


May Q1 - 2014 - 39 -

Contact


Hanauer Landstrasse 103

D-63796 Kahl/Main

Dr.-Ing. Stefan Rinck, President and CEO

Tel: +49-6188-440-109

[email protected] Markus Ehret, CFO

Tel: +49-6188-440-204 [email protected]

Maren Schuster, Head of Investor Relations

Tel: +49-6188-440-612

[email protected] Bernhard Krause, Communications Worldwide

Tel: +49-6181-9828020

[email protected]

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.

Documents

SINGULUS TECHNOLOGIES · CIGS Technology Compared to Crystalline High efficiencies (over 20% in the lab, over 13% in production mode) Limited number of handling steps No degradation