SINGULUS TECHNOLOGIES
March 28, 2019 SINGULUS TECHNOLOGIES AG
SINGULUS TECHNOLOGIES AG March 28, 2019 - 2 -
Agenda
1 Financials
2
SINGULUS TECHNOLOGIES Outlook 3
SINGULUS TECHNOLOGIES Segments & New Business Areas
SINGULUS TECHNOLOGIES AG March 28, 2019 - 3 -
Financial Key Figures
in € million 2017 2018 Revenues 91.2 127.5
Order Intake 88.0 86.8
Order Backlog (31.12.) 106.7 66.0
EBIT -1.2 6.8
EBITDA 0.7 9.1
Profit Before Tax -2.8 4.8
Net Result -3.2 0.8
Operating Cash Flow -14.1 2.5
Shareholders’ Equity 20.2 19.7
Total Assets 87.9 104.1
SINGULUS TECHNOLOGIES AG March 28, 2019 - 4 -
in € million 2017 2018 Gross Revenue 91.2 127.5 Net Revenue 90.0 125.9 Gross Profit (in % of Net Revenues)
25.3 (28.1%)
35.4 (28.1%)
- R&D - Sales & Customer Service - GM & A - Other Income/Expenses
-4.7 -12.0 -11.7
1.9
-8.2
-14.2 -8.5 2.3
OPEX (Total) -26.5 -28.6 EBIT (in % of Net Revenue)
-1.2 (-1.3%)
6.8 (5.4%)
Net Result -3.2 0.8 EPS (basic) -0.39 0.09
Profit & Loss Statement
SINGULUS TECHNOLOGIES AG March 28, 2019 - 5 -
Balance Sheet
in € million 2017 2018 Available Cash 27.2 13.5 Restricted Cash 8.7 14.3 Total Current Receivables and Other Assets 19.2 35.5 Total Inventories 17.3 17.1 Non Current Assets 15.5 23.7 Total Assets 87.9 104.1
Total Current Liabilities 40.5 50.2 Total Non-Current Liabilities 27.2 34.2 Total Equity 20.2 19.7 Equity and Liabilities 87.9 104.1
SINGULUS TECHNOLOGIES AG March 28, 2019 - 6 -
Cash Flow Development
in € million 2017 2018 Cash Flow from Operating Activities -14.1 2.5 Cash Flow from Investing Activities -2.2 -4.4 Cash Flow from Financing Activities 25.5 -11.3
Total Cash Flow 9.2 -13.2
Liquid Funds at the Beginning of the Fiscal Year 18.5 27.2 Effect of Exchange Rate Changes -0.5 0.2 Changes in the Scope of Consolidation - -0.7 Liquid Funds at the End of the Fiscal Year 27.2 13.5
SINGULUS TECHNOLOGIES AG March 28, 2019 - 7 -
Sales Split by Products
2018 2017
Solar 77.3 %
Semiconductor 7.2 %
Optical Disc 15.5 %
Solar 71.1 %
Semiconductor 8.7 %
Optical Disc 20.2 %
SINGULUS TECHNOLOGIES AG March 28, 2019 - 8 -
Sales Split by Region
2017 2018
Africa & Australia 0.6 %
America 11.5 %
Asia 67.5 %
Europe (without Germany)
11.7 %
Germany 8.7 %
Africa & Australia 0.7 %
America 18.3 %
Asia 61.6 %
Europe (without Germany)
7.6 %
Germany 11.8 %
SINGULUS TECHNOLOGIES AG March 28, 2019 - 9 -
Dec. 2017 Dec. 2018 Δ
SINGULUS Group 315 343 +28
Domestic 279 293 +14
Abroad 36 50 +14
Employees
SINGULUS TECHNOLOGIES AG March 28, 2019 - 10 -
Shareholder Structure
SINGULUS TECHNOLOGIES AG March 28, 2019 - 11 -
Agenda
1
2
Financials
3 SINGULUS TECHNOLOGIES Outlook
SINGULUS TECHNOLOGIES Segments & New Business Areas
SINGULUS TECHNOLOGIES AG March 28, 2019 - 12 -
Headquarter Kahl am Main, Germany
Production Site Fürstenfeldbruck (Munich), Germany
France Sausheim
China Guangzhou
Asia Pacific Singapore
Taiwan Taipeih
Legend: Subsidiaries/Sales & Services Headquarter Production Site Fürstenfeldbruck Agents
China Shanghai
Latin America Sao Paulo
North America East & West Coast
SINGULUS TECHNOLOGIES – New Segment Structure
Semiconductor
Semi- conductor
Solar
Solar
Life Science
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 13 -
Core Technologies
THIN FILM DEPOSITION - Sputter deposition (DC, RF, MF, bipolar, pulsed) - Thermal evaporation - PECVD (ICP, µ-Wave, CCP) - CVD (thermal and aerosol assisted CVD)
SURFACE ENGINEERING - Nano imprint lithography / embossing - Injection molding - Lacquering & bonding - Surface functionalization - Plasma cleaning & etching - Oxidation THERMAL PROCESSING - Rapid thermal processing - Selenization - Conditioning - Annealing WET CHEMICAL PROCESSING - Cleaning / washing / rinsing - Etching / texturing / structuring / polishing - Conditioning / developing - Oxidation - Chemical bath deposition - Electrochemical processes
THIN FILM DEPOSITION
SURFACE ENGINEERING
THERMAL PROCESSING
WET CHEMICAL
PROCESSING
Semiconductor
Semi- conductor
Solar
Solar
Life Science
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 14 -
Development and Market Introduction of New Systems
1996 2008 2009 2010 2011 2012 2013 2015 2014 2016 2017 2018 2019
MEDLINE
Singular
Timaris I
Linea I
Semiconductor
c-Si IBC, PERC/PERT, HJT
Thin-film CdTe CIGS
Solar
Life Science
GENERIS PECVD
Cisaris
Vistaris 900 Tenuis II Vitrum II
Helioscoater
Rotaris Timaris II
Vistaris1600 CIGS Pilot Line
Decoline II
Selenius
Silex II New LINEX
GENERIS PVD
Polycoater
TIMARIS III
CISARIS III
Silex I Solare
Skyline
Spaceline
Bluline I/Bluline II Bluline III
Medical Technology Decorative Coating Optical Disc
SINGULUS TECHNOLOGIES AG March 28, 2019 - 15 -
SINGULUS TECHNOLOGIES is Focusing on CIGS & High Performance Solar Cells
Crystalline Solar • High cell & module efficiency
• Easy process
• Advanced technology
• Production split on different locations
CIGS Thin Film • Excellent stability
• Good low light performance
• Light soaking effect
• Reduced sensitivity to overheating
• Tolerance to shading & low intensity
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 16 -
PV Learning Curve PV Selling Price Decreases Further
PV Learning Rate from 1976 to 2017 at 23.3 %
Source: VDMA/ITRPV Study number 10, 2019
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 17 -
Sun Radiation World Wide Further Cost Reduction
-150 -100 -50 0 50 100 150
50
0
-50
2500
2000
1500
1000
kWh/
(m^2
a)
2017 United Arab Emirates
USD 0.03/kWh
2018 Saudi Arabia € 0.015/kWh
2018 Dubai
USD 0.024/kWh
2018 Germany
€~0.04/kWh
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 18 -
Long-term Market Trend Shows Significant Increase in Solar Production Capacity
• The share of renewable energy sources in the global electricity supply will increase from 22% in 2015 to nearly 100% in 2050
• The share of solar energy in the global energy mix will increase significantly in the next few years. By 2050, solar technology should reach a share of 69%.
• This development is driven in particular by drastic cost reductions, cheaper battery storage and the technological end of nuclear energy.
Study Energy Watch Group, November 2017
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 19 -
PV Installations 2015-2019 (Annual in GW)
Semi- conductor
Solar
Life Science
• Germany will step out of coal fired power plants by 2038
• Target of renewable energy in Europe 32 % until 2030 from todays approx. 18%
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Market Development
• Growing market for high performance solar cells
• SINGULUS TECHNOLOGIES delivered systems to costumers in Europe, USA, Russia, China
• Working on further projects in Europe, USA, China
• Market leader in wet processing
• New sputtering system and new PECVD system introduced
High Performance Solar Cells: PERC, Heterojunction, JBC, TOPCon & more
IBC Solar Cell Heterojunction Solar Cells
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 21 -
Production Flow Heterojunction
SDR/Tex
PECVD
PVD
GENERIS PVD SILEX II
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 22 -
SINGULUS TECHNOLOGIES Provides all Key Production Steps for a CIGS Fab
Si barrier layer & Mo Back Contact >Sputtering
Scribing P1 > Laser
CdS or. alt. buffer Deposition >Buffer Layer Deposition Interconnect and
Encapsulation >Lamination
Glass Washing > Wet cleaning
Scribing P2 >Mechanical >Laser
2
7 Scribing P3 >Mechanical > Laser
CIS/CIGS Substrate Inspection
Precursor > Sputtering
Front Contact > Sputtering
3
InS & iZnO > Evaporation, Sputtering Automation
5
1 6
6
Selenezation/ Sulphurization > CISARIS Oven
4
Selen Evaporation > Thermal evaporation
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 23 -
Innovative Large Sputtering Systems for CIGS Thin Film Modules
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 24 -
Total Announcements for CIGS in China
Investments for CIGS in China: + CNBM 4 Fabs:
Announcements from CNBM for investments for 6 GW CIGS-Solar
+ Hanergy 1.5 GW, further
projects of about 5 GW announced
+ Manz/Shanghai Electric 344 MW, new projects
expected
1.5 GW
1.5 GW
1.5 GW
1.5 GW
44 MW
300 MW
300 MW
300 MW
300 MW
600 MW
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 25 -
TIMARIS Nano Deposition System
Ultra high vacuum: 5*10 -9 mbar
Thinnest Layer: < 3 Å
Uniformity: 0.5 % 1 σ
Advanced Applications • 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
• TIMARIS for MRAM production with its proven production technology
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 26 -
DECOLINE II 3-Dimensional Coating Further System Sold to Automotive Industry
Advanced Surface Coating • 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
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 27 -
Production Systems for Medical Technology Four Systems Sold
Applications for Medical Technology • Washing and pre-cleaning
• Cleaning & Etching
• Ultra- or megasonic cleaning
• Surface conditioning & modification
• Vacuum Coating & Electrochemical etching Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 28 -
SINGULUS TECHNOLOGIES – Optical Disc
• Total 8,530 systems sold worldwide
• Over 220 Blu-ray systems installed base
• Ready for 100 GB Ultra HD Blu-ray
• Billions of discs produced around the world lead to service & maintenance business
Semi- conductor
Solar
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 29 -
Agenda
1
2
Financials
3
SINGULUS TECHNOLOGIES Segments & New Business Areas
SINGULUS TECHNOLOGIES Outlook
SINGULUS TECHNOLOGIES AG March 28, 2019 - 30 -
Forecast
Year 2019
Sales Revenues in a range of € 135 to 155 million
EBIT Operating result for 2019 between € 6 million and
€ 11 million expected Semiconductor
Semi- conductor
Solar
Solar
Life Science
Life Science
SINGULUS TECHNOLOGIES AG March 28, 2019 - 31 -
Contact
SINGULUS TECHNOLOGIES AG 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.