singulus technologies · • thin film solar solar life science semiconductor • vacuum deposition...
TRANSCRIPT
SINGULUS
TECHNOLOGIES
August 14, 2019SINGULUS TECHNOLOGIES AG
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 2 -
Agenda
1 Overview
2
SINGULUS TECHNOLOGIES Segments & New Business Areas 3
Financials
4 SINGULUS TECHNOLOGIES Outlook
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 3 -
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
August 14, 2019 - 4 -
SINGULUS TECHNOLOGIES –
New Segment Structure
Semi-
conductor
Solar• Crystalline Solar
• Thin film Solar
Solar
Life
Science
Semiconductor• Vacuum Deposition
• Wet Processing
Life Science• 3D Coating POLYCOATER
• 3D Production Lines DECOLINE
• Medical Technology MEDLINE
• Optical Coating BLULINE
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 5 -
Agenda
1
2
Overview
3 SINGULUS TECHNOLOGIES Segments & New Business Areas
4 SINGULUS TECHNOLOGIES Outlook
Financials
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 6 -
Financial Overview 1st HY 2019
in million €
1st Half Year
2018
1st Half Year
2019
Gross Revenue 46.4 44.1
Order Intake 65.0 27.1
Order Backlog (30.06.) 125.3 49.0
EBIT -1.2 1.6
EBITDA -0.3 3.6
EBT -2.3 0.5
Profit/Loss for the Period -2.4 0.0
Operating Cash Flow 22.1 -5.8
Shareholders’ Equity (30.06.) 18.4 19.8
Equity Ratio (%) 16.8 19.9
Total Assets (30.06.) 109.2 99.6
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 7 -
Profit & Loss Statement 1st HY 2019
in million €
1st Half Year
2018
1st Half Year
2019
Gross Revenue 46.4 44.1
Net Revenue 45.8 43.6
Gross Profit
(in % of Net Revenues)
13.2
(28.8 %)
14.1
(32.3 %)
OPEX (Total) -14.4 -12.5
− R+D
− Sales & Customer Service
− GM & A
− Other Income/Expenses
-2.8
-5.9
-5.5
-0.2
-3.0
-5.2
-4.2
-0.1
EBIT -1.2 1.6
Profit/Loss for the Period -2.4 0.0
EPS basic (in €) -0.27 0.00
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 8 -
Financial Overview Q2
in million € Q2 2018 Q2 2019
Gross Revenue 29.1 23.3
Order Intake 28.9 15.3
Order Backlog (30.06.) 125.3 49.0
EBIT 0.4 0.5
EBITDA 0.9 1.6
EBT -0.2 0.0
Profit/Loss for the Period -0.3 -0.2
Operating Cash Flow 24.6 3.3
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 9 -
Profit & Loss Statement Q2
in million € Q2 2018 Q2 2019
Gross Revenue 29.1 23.3
Net Revenue 28.8 23.0
Gross Profit
(in % of Net Revenues)
8.6
(29.9 %)
7.7
(33.5 %)
OPEX (Total) -8.2 -7.2
- R+D -1.5 -1.6
- Sales & Customer Service -3.0 -2.8
- GM & A -3.2 -2.4
- Other Income/Expenses -0.5 -0.4
EBIT 0.4 0.5
Profit/Loss for the Period -0.3 -0.2
EPS basic (in €) -0.03 -0.02
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 10 -
Cash Flow Development
in million € 6M 2018 6M 2019
Cash flow from Operating Activities 22.1 -5.8
Cash flow from Investing
Activities -1.7 -2.0
Cash flow from Financing Activities -22.7 4.3
Total Cash flow -2.3 -3.5
Cash and Cash Equivalents at the
Beginning of the Period 27.2 13.5
Effect of Exchange Rate Changes 0.0 0.1
Cash and Cash Equivalents at the
End of the Period 24.9 10.1
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 11 -
Balance Sheet
in million € Dec. 2018 June 2019
Cash and Cash Equivalents 13.5 10.1
Restricted Cash 14.3 12.1
Total Current Receivables and other Assets 35.5 30.9
Total Inventories 17.1 17.4
Non Current Assets 23.7 29.1
Total Assets 104.1 99.6
Total Current Liabilities 50.2 42.3
Total Non-Current Liabilities 34.2 37.5
Total Equity 19.7 19.8
Equity and Liabilities 104.1 99.6
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 12 -
Dec. 2018 June 2019 Δ
SINGULUS Group 343 360 17
Domestic 293 305 12
Abroad 50 55 5
Employees
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 13 -
Sales Split by Segments
1st Half Year 2018 1st Half Year 2019
Semiconductor
5.2 % Life Science
29.0 %
Solar
65.8 %
Semiconductor
5.6 %Life Science
20.0 %
Solar
74.4 %
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 14 -
Sales Split by Region
1st Half Year 2018 1st Half Year 2019
Africa & Australia
0.2 %
Europe
17.2 %Americas
16.1 %
Asia
66.5 %
Africa & Australia
1.1 %
Europe
28.4 %
Americas
9.9 %
Asia
60.6 %
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 15 -
Agenda
1
2
Overview
3
Financials
4 SINGULUS TECHNOLOGIES Outlook
SINGULUS TECHNOLOGIES Segments & New Business Areas
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 16 -
Production Flow Heterojunction
SDR/Tex PECVD PVD Print
GENERIS PVDSILEX II
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 17 -
CIGS Thin Film Cells – Full PV Value Chain in
one Production Flow – From Glass to Module
SINGULUS TECHNOLOGIES
Process Options
SINGULUS TECHNOLOGIES- Supplier of all Key Process Steps
• Sputtering/Evaporation
• Selenization
• Buffer Layer Deposition/Cleaning/Washing
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 18 -
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
High Performance Solar Cells: PERC,
Heterojunction, IBC, TOPCon & more
IBC Solar CellHeterojunction Solar Cells
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 19 -
Production Systems for Medical Technology
Applications for Medical Technology
• Washing and pre-cleaning
• Cleaning & Etching
• Ultra- or megasonic cleaning
• Surface conditioning & modification
• Vacuum Coating & Electrochemical etchingSemi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 20 -
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
August 14, 2019 - 21 -
Decorative Coating with POLYCOATER
Inline Sputtering System
Advanced Vacuum Coating Applications
• Several 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
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 22 -
TIMARIS Nano Deposition System
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
August 14, 2019 - 23 -
Wet Processing System for Electronics
Advanced Applications
• Manual Wet Process Stations
• Semi- and Fully Automated Wet Process
• Quartztube- and Part-Cleaning
• Total Metal Free Working
Semi-
conductor
Solar
Life
Science
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 24 -
Agenda
1
2
Overview
3
Financials
4
SINGULUS TECHNOLOGIES Segments & New Business Areas
SINGULUS TECHNOLOGIES Outlook
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 25 -
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
August 14, 2019 - 26 -
Outlook for the Business Year 2019
For the current business year, pursuant to IFRS, SINGULUS TECHNOLOGIES expects a further
increase in sales and earnings compared with the previous business year 2018. The key sales and
earnings drivers are expected to originate from the Solar division and here from large project orders
from several customers for investments in production lines for CIGS solar modules. The basis for these
increases is in particular the timely realization of the current major projects for the planned expansions
and new CIGS sites of CNBM, respectively.
With regards to the forecasts for the business year 2019 the Executive Board assumes that the signing
of the delivery contracts and the receipt of the corresponding prepayments will still materialize in the
next few weeks. Shortly after that, the customers have to make prepayments in order to operatively
start the projects. This is the prerequisite for the projects to make substantial sales and earnings
contributions in the current business year.
Pursuant to these assumptions, the Executive Board still expects a significant increase in sales within
the group of companies in the business year 2019 within a range of € 135.0 million to € 155.0 million.
The operating earnings before interest and taxes (EBIT) should most probably also develop favorably
and are projected to be in a range between € 6.0 million to € 11.0 million.
SINGULUS TECHNOLOGIES AG
August 14, 2019 - 27 -
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.