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SINGULUS
TECHNOLOGIES
May 2019SINGULUS TECHNOLOGIES AG
SINGULUS TECHNOLOGIES AG
May 2019 - 2 -
Agenda
1 Overview
2
Financials3
SINGULUS TECHNOLOGIES Segments & New Business Areas
4 SINGULUS TECHNOLOGIES Outlook
SINGULUS TECHNOLOGIES AG
May 2019 - 3 -
Taiwan
Taipeih
China
Shanghai
HeadquarterKahl am Main, Germany
Production Site
Fürstenfeldbruck (Munich), Germany
France
Sausheim
China
Guangzhou
Asia Pacific
Singapore
Legend:
Subsidiaries/Sales & Services
Headquarter
Production Site Fürstenfeldbruck
Agents
Latin America
Sao Paulo
North America
East & West Coast
SINGULUS TECHNOLOGIES –
New Segment Structure
Semiconductor Semi-
conductor
SolarSolar
Life Science Life
Science
SINGULUS TECHNOLOGIES AG
May 2019 - 4 -
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
SINGULUS TECHNOLOGIES AG
May 2019 - 5 -
Development and Market Introduction of New Systems
1996 2008 2009 2010 2011 2012 2013 20152014 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 ISolare
Skyline
Spaceline
Bluline I/Bluline II
Bluline III
Medical
Technology
Decorative Coating
Optical Disc
SINGULUS TECHNOLOGIES AG
May 2019 - 6 -
SINGULUS TECHNOLOGIES –
New Segment Structure
Solar• Crystalline Solar
_SILEX II
_LINEX
_GENERIS PVD
_GENERIS PECVD
Solar
Life Science• 3D Coating POLYCOATER
• 3D Production Line DECOLINE II
• Medical Technology MEDLINE
• Optical Coating BLULINE
Life
Science
Semiconductor• Vacuum Deposition Systems
TIMARIS/ROTARIS
• Wet Processing
Semi-
conductor
• Thin film Solar
_VITRUM
_VISTARIS
_HISTARIS
_SELENIUS
_CISARIS
SINGULUS TECHNOLOGIES AG
May 2019 - 7 -
Agenda
1
2
Overview
3 Financials
4 SINGULUS TECHNOLOGIES Outlook
SINGULUS TECHNOLOGIES Segments & New Business Areas
SINGULUS TECHNOLOGIES AG
May 2019 - 8 -
SINGULUS TECHNOLOGIES - Focus 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
May 2019 - 9 -
PV Learning Curve
Further Decline in PV Selling Price
Source: VDMA/ITRPV Study No. 10, 2019
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
May 2019 - 10 -
Sun Radiation World Wide
Further Cost Reduction
50
0
-50
2500
2000
1500
1000
kW
h/(
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
-150 -100 -50 0 50 100 150
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
May 2019 - 11 -
Long-term Trend: 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
May 2019 - 12 -
PV Installations 2015-2019 (Annual in GW)
• Germany will step out of coal fired power plants by 2038
• Target of renewable energy in Europe 32 % until 2030 from todays approx. 18 %
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
May 2019 - 13 -
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
SINGULUS Equipment for New Cell Concepts:
PERC, Heterojunction, IBC, TOPCon & more
IBC Solar CellHeterojunction Solar Cells
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
May 2019 - 14 -
SINGULUS Provides Important Production Steps
for the Growing Heterojunction Market
SDR/Tex PECVD PVD Print
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
May 2019 - 15 -
SINGULUS Provides all Key Production Steps for
the Manufacturing of CIGS Modules
Si barrier layer &
Mo Back
Contact
>Sputtering
Scribing P1> Laser
CdS or. alt. buffer
Deposition
>Buffer Layer
DepositionInterconnect and
Encapsulation>Lamination
Glass Washing
> Wet cleaning
Scribing P2>Mechanical
>Laser
2
7Scribing P3>Mechanical
> Laser
CIS/CIGS
Substrate
Inspection
Precursor
> Sputtering
Front Contact
>Sputtering
3
InS &
iZnO
> Evaporation,
SputteringAutomation
5
16
6
Selenezation/
Sulphurization
> CISARIS Oven
4
Selen Evaporation
> Thermal evaporation
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
May 2019 - 16 -
Innovative Inline Sputtering Systems for
CIGS Thin Film Solar and other Applications
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
May 2019 - 17 -
Total Announcements for CIGS in China -
SINGULUS is a Major Player in the CIGS Market
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
May 2019 - 18 -
TIMARIS Nano Deposition System for New
Applications in the Semiconductor Market
Ultra high vacuum: 5*10 -9 mbar
Thinnest Layer: < 3 Å
Uniformity: 0.5 % 1
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
May 2019 - 19 -
Wet Processing System for Electronics
Advanced Applications
• Manual Wet Process Stations
• Semi- and Fully Automated Wet
Process
• Quartz tube- and Part-Cleaning
• Total Metal Free Working Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
May 2019 - 20 -
DECOLINE II for Sustainable 3-D Coating
Further Systems Sold in 2019
Advanced Surface Coating
• For automotive and cosmetics
• 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
May 2019 - 21 -
Decorative Coating with POLYCOATER
Inline Sputtering System
Advanced Vacuum Coating Applications
• Two Systems sold, more projects in sales pipeline
• Brilliant layers on 3-dimensional parts & individual design Inline metallization
• Fully automated processing & high productivity and flexibility
• Low cost of ownership & environment-friendly
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
May 2019 - 22 -
Production Systems for Medical Technology
Additional Systems Sold in 2019
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
May 2019 - 23 -
Optical Disc - Service & Maintenance Business
• 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
May 2019 - 24 -
Agenda
1
2
Overview
3
SINGULUS TECHNOLOGIES Segments & New Business Areas
4 SINGULUS TECHNOLOGIES Outlook
Financials
SINGULUS TECHNOLOGIES AG
May 2019 - 25 -
Financial Key Figures
in € million Q1 2018 Q1 2019
Revenues 17.3 20.8
Order Intake 36.1 11.8
Order Backlog (31.03.) 125.5 57.0
EBIT -1.6 1.1
EBITDA -1.2 2.0
Result before Tax -2.1 0.5
Net Result -2.1 0.2
Operating Cash Flow -2.5 -9.1
Shareholders’ Equity 17.8 20.1
Total Assets 86.2 101.3
SINGULUS TECHNOLOGIES AG
May 2019 - 26 -
in € million Q1 2018 Q1 2019
Gross Revenue 17.3 20.8
Net Revenue 17.0 20.6
Gross Profit
(in % of Net Revenues)
4.6
(27.1 %)
6.4
(31.1 %)
- R&D
- Sales & Customer Service
- GM & A
- Other Income/Expenses
-1.3
-2.9
-2.3
0.3
-1.4
-2.4
-1.8
0.3
OPEX (Total) -6.2 -5.3
EBIT
(in % of Net Revenue)
-1.6
(-9.4 %)
1.1
(5.3 %)
Net Result -2.1 0.2
EPS (basic) -0.24 0.02
Profit & Loss Statement
SINGULUS TECHNOLOGIES AG
May 2019 - 27 -
Balance Sheet
in € million 31.12.2018 31.03.2019
Available Cash 13.5 9.9
Restricted Cash 14.3 11.0
Total Current Receivables and Other Assets 35.5 33.2
Total Inventories 17.1 18.2
Non Current Assets 23.7 29.0
Total Assets 104.1 101.3
Total Current Liabilities 50.2 43.2
Total Non-Current Liabilities 34.2 38.0
Total Equity 19.7 20.1
Equity and Liabilities 104.1 101.3
SINGULUS TECHNOLOGIES AG
May 2019 - 28 -
Cash Flow
in € million Q1 2018 Q1 2019
Cash Flow from Operating Activities -2.5 -9.1
Cash Flow from Investing Activities -0.7 -0.8
Cash Flow from Financing Activities -1.8 6.2
Total Cash Flow -5.0 -3.7
Liquid Funds at the Beginning
of the Fiscal Year 27.2 13.5
Effect of Exchange Rate Changes 0.0 0.1
Liquid Funds at the End
of the Fiscal Year 22.2 9.9
SINGULUS TECHNOLOGIES AG
May 2019 - 29 -
Dec. 2018 March 2019 Δ
SINGULUS Group 343 350 +7
Domestic 293 300 +7
Abroad 50 50 0
Employees
SINGULUS TECHNOLOGIES AG
May 2019 - 30 -
Sales Split by Segments
Q1 2018 Q1 2019
Semiconductor
4.6 %
Solar
69.4 %
Life Science
26.0 %
Semiconductor
4.3 %
Solar
66.9 %
Life Science
28.8 %
The comparative information for the previous period was adjusted for the new segmentation in accordance with IFRS 8.29.
SINGULUS TECHNOLOGIES AG
May 2019 - 31 -
Sales Split by Region
Q1 2018 Q1 2019
Africa & Australia
0.6 %Americas
12.1 %
Asia
41.6 %
Europe
45.7 %
Americas
20.7 %
Asia
66.8 %
Europe
12.5 %
SINGULUS TECHNOLOGIES AG
May 2019 - 32 -
Shareholder Structure
62.35 %
16.75 %
6.21 %
4.97 %
3.54 %
3.16 %
3.02 %
Free float
Triumph Science and Technology Group Co., Ltd. (a 100%subsidiary of CNBM)
Clemens Jakopitsch
Universal-Investment-Gesellschaft mit beschränkter Haftung
Janus Henderson Group plc (TR European Growth Trust plc)
Oppenheimer Global Opportunities Fund
IP Concept (Luxemburg) S.A.
SINGULUS TECHNOLOGIES AG
May 2019 - 33 -
Agenda
1
2
Overview
3
Financials
4
SINGULUS TECHNOLOGIES Segments & New Business Areas
SINGULUS TECHNOLOGIES Outlook
SINGULUS TECHNOLOGIES AG
May 2019 - 34 -
Successful Establishments of Products in New
Markets
First Order for
Wet Processing
for Electronics
Additional
DECOLINE II
order
Two Polycoater
sold
Further Orders
for Wet
Processing
Generis
PVD for HJT
4 K Technology
SINGULUS TECHNOLOGIES AG
May 2019 - 35 -
Outlook
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
May 2019 - 36 -
Contact
SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
D-63796 Kahl/Main
Dr.-Ing. Stefan Rinck, President and CEO
Tel: +49-6188-440-109
Markus Ehret, CFO
Tel: [email protected]
Maren Schuster, Head of Investor Relations
Tel: +49-6188-440-612
Bernhard Krause, Communications Worldwide
Tel: +49-6181-9828020
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.