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Suss Microtec Se
8/6/2026
Ladies and gentlemen, welcome to the conference call of SUS Microtec following the publication of the half-year figures of 2026. I would like to welcome the company's CEO Burkhardt Frick, the CFO Dr. Cornelia Ballwießer, the COO Dr. Thomas Rohe and the Vice President Investor Relations and Communications Sabrina Müller. who will guide us through the presentation in a moment, followed by a Q&A session via audio line and chat. And with that, I hand over to you, Ms. Müller.
Thank you and welcome to our conference call following the publication of our half-yearly financial report 2026. Before we start, please note that this call is being recorded and considered as copyrighted material. It cannot be recorded or rebroadcasted without permission and participating in this call implies your consent to this procedure. Please be also aware of the safe harbour statement on page 2 of this slide deck. It applies throughout the call. And with that, I'll now hand over to Burkhardt to guide you through our results for the first half year.
Thank you Sabrina and also very warm welcome from my end. Let's start with an overview of the key financials for 2026. Order intake of 410 million euros was very strong. Q2 alone contributed to 260 million euro. Distribution of demand was across all product lines but dominated by coders. More than 40 coders were booked in May and June alone. Biggest driver is a single order of 115 million for one customer who will significantly scale advanced packaging capacity. This customer also serves the biggest foundry in Taiwan. Revenue compared to the first half of 2025 is down 63.8 million euro. But first half 2025 was also the best first half a year performance of the company in its history. On profitability, the gross profit margin is well on track at 37.2%, slightly ahead of the guidance corridor of 35 to 37%. on EBIT margin, which is below strong achievements of 2025, but improved. Second quarter EBIT margin was at 9% up from 4.3% in Q1 and clearly demonstrates higher sales volume improved EBIT margin significantly. Now some key messages. I start with the market outlook and the demand situation. There are significant increased predictions for the semiconductor industry. Semi-raised outlook for the UEFA FAB equipment to 144 billion US dollars versus December estimates of 126 billion US dollars. Zeus also profited from achieving record order intake in second half as a Q2 and first half, our visibility for 2027 is improving quickly. We note strong orders for the current tool generations, which provides stability and does not cannibalize demand for next generation tools. Good investments building on existing process of record tools. On the segments, ABS collected orders from all product lines, imaging and bonding also contributing in absolute terms. However, with coating as the strongest product category. Podomas Solutions recorded lower sales after particularly slow order intake in the second half of 2025. A couple of key developments. Our new application center officially was communicated and Thomas will talk about it later. We also managed to launch our first panel level scanner, which is now at a customer site. that was achieved by a very strong effort of the team. Customer will use it to develop the co-poss process. On guidance, we confirmed the guidance this morning, gross profit margin already well within range, even margin improving with rising sales levels and acceleration of sales expected for the second half. Now the segment overview, and I spare you the tables which have been kind of publicized this morning, like just to highlight a few things on the two segments. On advanced backend solutions, our order intake improving strongly, with coding business as major driver. Segment sales, we show a solid performance, also compared to strong first half 2025 numbers. We launched the first, UV production scanner, which is a first panel level tool at the customer side. For Photomast solutions, our order book increased in the second quarter with continuing strong demand from China. Sales still shows the effects of a weak second half of order entry in 2025. Gross profit margin for Q1 is a major driver. Q2 is a lagging due to lower cost coverage. Now let's have a look at our order intake development. The bars shows the quarterly order intake per segment. And I'd like to highlight three points here. First, we achieved a major customer order from Taiwan in the second quarter. This represents 215 million for quarter for Taiwanese advanced packaging customer. And it's a strong validation of our market position and customer commitment to capacity extension. Our technology is well aligned with customer roadmaps. Even excluding this order, the second quarter is still at a very strong level. Second, we have a demand for existing solutions. So the momentum is driven by the existing portfolio. Raw demand across product lines is noted. Market environment supports repeat orders on proven solutions and provides strong starting position for portfolio refresh and new launches. Thirdly, in the first half of 2026, the order intake performance, we had a third consecutive quarter of sequential growth. We noted a Q1 momentum carried into Q2, the first half year order entry of 410 million. This is already above full year level of financial year 2025 and approaching full year financial year after only six months. This is a clear acceleration of customer investment activity. And your order book is enhancing our visibility, as you will see on the next page. Here, I like to dive into our order book development and the visibility of the order book, which we show here for the first time in such great detail. The offset point is the record high order book. The order book reached a new all-time high of about 476 million at the end of first half. A direct result of a strong order intake momentum over recent quarters. It equals a significant expansion compared to historic levels. And it reflects increasing customer commitment as well as long-term project visibility. Secondly, strong revenue coverage for financial year around 240 million of the current order book is expected to convert into sales in the second half of 2026. This provides a high degree of visibility for the rest of the year and our 2026 guidance confirmation and supports execution, confidence, plus planning reliability. Thirdly, we now have an improved visibility for the fiscal year 2027. I'd like to make an important note. Please be aware that the figure represented for 2027 is based on the current order book and currently scheduled delivery dates. It does not represent management guidance or revenue forecast for fiscal year 2027. Approximately 220 million already scheduled for delivery in the fiscal year 2027 out of this order book, which is an early increase of visibility for expected revenue conversion into 2027. This highlights long-term customer investment and is a strong starting position entering the next fiscal year. Finally, it creates greater predictability and supports sustainable growth. And with that, I'd like to hand over to Cornelia.
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